# Chunmi Electronics Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chunmi-electronics-technology-co

- Industry: Consumer Products
- Headquarters: Shanghai, China
- Website: www.chunmi.com
- Total disclosed funding: $17M
- Latest round: Series D (May 8, 2021)
- Investors on record: 9

## About

Founded in 2013 and based in Shanghai, China, Chunmi Electronics Technology Co., Ltd. is a smart appliance company that focuses on the research and development of internet kitchen appliances and systems. In 2014, Chunmi Electronics Technology Co., Ltd. became a Xiaomi ecological chain company. In 2016, the company released Mijia pressure IH rice cooker. In 2018, it launched Mijia induction cooker. In 2018, the company raised Series C funding from Guangkong Zhongying Capital and StarVC. In 2019, the company released the rice appliance pressure cooker and TOKIT pressure IH smart rice cooker. In 2020, it launched Xiaomi desktop water purifier and Xiaomi water purifier H600G. In September 2023, Shangshi Fund, 8HSleep, and Jide announced to acquire minority stake of Chunmi Electronics Technology Co., Ltd. for CNY 42.79 million from Yingke Private Equity.

The company engages in research and developing smart home appliances. It has brands called Mijia and Tokit. The company’s main products include rice cookers, induction cookers, microwave ovens and electric ovens, etc, such as The Mijia Pressure IH Rice Cooker and TOKIT Kitchen Table AI Multifunctional Cooker.

The company’s revenue is generated by selling smart home appliances to customers. In 2022, the company's revenue was CNY 1.82877 billion, and net income was CNY 42.6 million.

## Funding rounds

- Series D, May 8, 2021, $17M — CDH Baifu Capital
- Series C, Sep 29, 2018 — NGP Capital, Yingke Private Equity
- Series C, May 10, 2018 — StarVC, Guangkong Zhongying Capital
- Series B, Jan 1, 2016 — Shangshi Fund, Jiyuan Capital
- Series A, Jan 1, 2015 — Shunwei Capital, Xiaomi Group

## Investors

- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series A
- Xiaomi Group — Series A
- Shangshi Fund (https://capitalatlas.ai/funds/shangshi-fund) — Series B
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Series B
- StarVC (https://capitalatlas.ai/funds/starvc) — Series C
- Guangkong Zhongying Capital (https://capitalatlas.ai/funds/guangkong-zhongying-capital) — Series C
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series C
- Yingke Private Equity (https://capitalatlas.ai/funds/yingke-private-equity) — Series C
- CDH Baifu Capital (https://capitalatlas.ai/funds/cdh-baifu-capital) — Series D