# Chic Yuanzui

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chic-yuanzui

- Industry: Internet
- Headquarters: Beijing, China
- Website: www.chicyuanzui.com
- Total disclosed funding: $8.2M
- Latest round: Series B (May 29, 2018)
- Investors on record: 7

## About

Chic Yuanzui is a consumer goods company that develops high-quality lifestyle accessories and personal care items tailored to meet the needs of modern consumers, focusing on functionality and aesthetic appeal.Founded in 2016 in Beijing, China, Chic Yuanzui specializes in consumer goods, with a notable pivot towards lifestyle accessories. The company was established by Yang Shi, who has a background in founding other ventures. Chic Yuanzui has executed three deals, with the latest being a Series B funding round in May 2018 where they raised CNY 50 million led by Meridian Capital China, alongside participation from Qianhai Fund of Funds and Weiying Capital. The company has its headquarters in Beijing, and Yang Shi serves as both Founder and CEO.Chic Yuanzui specializes in a diverse range of innovative consumer products that cater to the evolving demands of its clientele. Their primary offerings include lifestyle accessories and personal care items designed for young adults and professionals, enhancing user experience through functionality and design. The products are distributed across North America, Europe, and parts of Asia, targeting consumers who value quality and aesthetic appeal in their daily lives.Chic Yuanzui generates revenue through a combination of direct sales to consumers via their online platform and partnerships with select retailers. This direct-to-consumer model fosters strong customer relationships and loyalty, while retail partnerships expand market reach. The company aims to attract mid-range consumers with offerings that meet market expectations for quality and value, facilitating a robust revenue stream.Chic Yuanzui plans to launch several new products aimed at further enhancing their consumer offerings, with specific release dates yet to be disclosed. They are targeting expansion into new markets, focusing on regions in Europe and North America by 2025. The recent Series B funding of CNY 50 million will support these initiatives, allowing the company to invest in product development and enhance marketing efforts to reach these new consumers.

## Funding rounds

- Series B, May 29, 2018, $7.8M — Meridian Capital, Weiying Capital, Qianhai Fund of Funds
- Series A, Aug 18, 2017 — China Growth Capital, PurpleSky Capital, Weiying Capital
- Angel, Jan 1, 2017, $0.4M — Plum Ventures, Purple Cow Startups

## Investors

- Plum Ventures (https://capitalatlas.ai/funds/plum-ventures) — Angel
- Purple Cow Startups (https://capitalatlas.ai/funds/purple-cow-startups) — Angel
- China Growth Capital (https://capitalatlas.ai/funds/china-growth-capital) — Series A
- PurpleSky Capital (https://capitalatlas.ai/funds/purplesky-capital) — Series A
- Weiying Capital — Series A, Series B
- Meridian Capital — Series B
- Qianhai Fund of Funds — Series B