# CSPS

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

- Industry: Logistics & Distribution
- Headquarters: Shenzhen, China
- Website: www.palletsharing.com
- Total disclosed funding: $22M
- Latest round: Series B (Jun 9, 2023)
- Investors on record: 7

## About

Based in Shenzhen, China, and established in 2017, Pallet Sharing, business named CSPS, is a logistical company that provides leases, sales, shared, and recycling pallets services. It served more than 2,000 enterprises, and put in over 3 million pieces of pallets. Its served network outlets include Qingdao, Chengdu, Wuhan, Nanning, Xiangshan, and others. In June 2023, CSPS raised over 100 million in series B funding led by new investor Tianjin Yuanzhi Investment, with participation from other new investors Hainan Dahe Musheng Private Equity Fund Management, and Tianjin Yuanzhi Investment, and returning investors Leaguer Angel Investment Management, Lianrun Dongfang Equity Investment Fund Management, and Xiamen Taiya Dingfu Investment Management. 

Pallet Sharing provides leases, sales, shared, and recycling pallets services. Its pallets mainly used for the field of logistical. It has multiple types of pallets, such as combined field pallets, flat nine foot blow molded pallets, iron ear cradles, mesh field injection pallets. And combined field pallets lease fee is CNY 0.25 per day, and one iron ear cradles lease fee is 0.05 per day. It also provides hardware, software, and smart warehouse storage solutions. Hardware include REID tags, All-in-one readers, and industrial flat panels. The software refers to RFID software, which are used to process and apply information.

## Funding rounds

- Series B, Jun 9, 2023, $14M — Lianrun Dongfang Equity Investment Fund Management, Readysun Investment Group, Xiamen Taiya Dingfu Investment Management, Leaguer Angel, Beijing Gravity Investment, Hainan Dahe Musheng Private Equity Fund Management
- Series A, Dec 30, 2020, $7.7M — Xiamen Taiya Dingfu Investment Management, Leaguer Angel, HT Valley
- Angel, Sep 29, 2017 — Lianrun Dongfang Equity Investment Fund Management

## Investors

- Lianrun Dongfang Equity Investment Fund Management (https://capitalatlas.ai/funds/lianrun-dongfang-equity-investment-fund-management) — Angel, Series B
- Xiamen Taiya Dingfu Investment Management — Series A, Series B
- Leaguer Angel (https://capitalatlas.ai/funds/leaguer-angel) — Series A, Series B
- HT Valley (https://capitalatlas.ai/funds/ht-valley) — Series A
- Readysun Investment Group (https://capitalatlas.ai/funds/readysun-investment-group) — Series B
- Beijing Gravity Investment (https://capitalatlas.ai/funds/beijing-gravity-investment) — Series B
- Hainan Dahe Musheng Private Equity Fund Management — Series B