# Coin 1 B

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coin-1-b

- Industry: Information Services
- Headquarters: Beijing, China
- Website: www.yibenchain.com
- Total disclosed funding: $1.6M
- Latest round: Angel (May 1, 2018)
- Investors on record: 3

## About

Coin 1 B is a blockchain solutions provider based in Beijing, China, focusing on enhancing operational efficiency and transparency for businesses through innovative technology.Coin 1 B specializes in developing blockchain-based solutions to streamline operations across various sectors. Founded in 2018 in Beijing, China, the company has engaged in 2 deals to date, with its most recent deal occurring on September 7, 2019. The company raised CNY 10.000 mn in an Angel funding round led by Innoangel Fund, with participation from River Capital and Singer Capital. Yi Wang is the CEO, although further background on the founder is not available.Yibenchain specializes in providing innovative blockchain-based solutions designed to enhance efficiency and transparency in various sectors. Their core offerings include a comprehensive suite of digital asset management tools, facilitating secure transactions and streamlined operations for businesses. These solutions address significant challenges in asset tracking, transaction validation, and data integrity, primarily catering to financial institutions, supply chain managers, and enterprises requiring robust security protocols. The products support diverse use cases including streamlining cross-border payments and ensuring the authenticity of supply chain goods, with a focus on markets in Asia and Europe.The revenue structure for Yibenchain is established through a combination of subscription-based models and direct partnerships with businesses across various industries. Clients engage in long-term agreements providing access to the blockchain solutions, with tailored pricing plans based on the scale and specific needs of each client. Through these partnerships, Yibenchain facilitates transactions that allow clients to seamlessly implement their technology into existing systems. Flagship services aimed at enhancing asset management and transaction security form the core of these agreements, positioning Yibenchain as a key entity in the blockchain sector, particularly for enterprises seeking to leverage digital innovation.Coin 1 B is focusing on the development of new blockchain solutions that will be unveiled in the upcoming year, targeting enhanced features for asset management. The company plans to expand its market presence in Southeast Asia and Europe, aiming for significant engagement by the end of 2023. The recent Angel funding round of CNY 10.000 mn will be utilized to support these initiatives, enabling further product development and market entry strategies.

## Funding rounds

- Angel, May 1, 2018, $1.6M — River Capital, Singer Capital, Innoangel Fund

## Investors

- River Capital — Angel
- Singer Capital — Angel
- Innoangel Fund (https://capitalatlas.ai/funds/innoangel-fund) — Angel