# Ciyuancang

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ciyuancang

- Industry: Consumer Products
- Headquarters: Guangzhou, China
- Website: www.cycang.com
- Total disclosed funding: $7.8M
- Latest round: Series A (Jun 22, 2016)
- Investors on record: 4

## About

Ciyuancang, based in China, is an e-commerce platform that specializes in facilitating the trade and management of digital assets across multiple blockchain networks.Founded in 2015 in Guangzhou, China, Ciyuancang operates as an e-commerce platform focused on digital asset management. The company has completed four deals, with its most recent funding round on May 13, 2021, raising CNY 33.000 mn in a SERIES A round led by Green Pine Capital Partners. No major pivots or changes in business strategy have been reported.Ciyuancang offers a leading self-custody multi-chain wallet platform, imToken, which supports the management of a wide range of digital assets across over 100 blockchain networks, including Bitcoin and Ethereum. The platform allows users to securely store, manage, and transact with digital currencies, featuring on-chain transactions, asset exchanges, and NFT leveraging for enhanced experiences. Advanced security measures like biometric authentication ensure user privacy and asset protection, catering to a global clientele in markets such as Asia, Europe, and North America.Ciyuancang generates revenue through transaction fees on asset exchanges within its wallet ecosystem. Users engage in activities including staking, which can yield rewards, thus enhancing retention. The transaction structure is B2C, allowing users to manage their assets independently, with pricing linked to the incurred transaction fees from asset exchanges.As part of its growth strategy, Ciyuancang plans to launch new products and expand its market presence. The recent funding from May 2021 will support these initiatives, including potential new features for their wallet platform. Specific geographic markets targeted for expansion have not been disclosed, but the company looks to leverage its existing base while enhancing its product offerings.

## Funding rounds

- Series A, Jun 22, 2016, $5M — Green Pine Capital Partners, Sino-US Venture Capital
- Series A, Dec 8, 2015, $2.8M — Green Pine Capital Partners, Share Capital, Innovalley, Sino-US Venture Capital

## Investors

- Green Pine Capital Partners (https://capitalatlas.ai/funds/green-pine-capital-partners) — Series A
- Share Capital (https://capitalatlas.ai/funds/share-capital) — Series A
- Innovalley — Series A
- Sino-US Venture Capital (https://capitalatlas.ai/funds/sino-us-venture-capital) — Series A