# Danbay

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

- Industry: Hardware
- Headquarters: Shenzhen, China
- Website: www.danbay.cn
- Total disclosed funding: $3M
- Latest round: Series A (Dec 6, 2017)
- Investors on record: 1

## About

Danbay is a software company specializing in innovative solutions that enhance business processes, focusing on project management tools that foster team collaboration and operational efficiency across various industries.Founded in 2015 and headquartered in Shenzhen, China, Danbay provides software solutions aimed at streamlining business operations. The company has undergone a pivotal change with its acquisition by TCL Group in July 2020 for undisclosed financial terms. Danbay has completed three deals, with the latest being a Series A funding round in which it raised CNY 35.000 mn, totaling CNY 35.000 mn raised since inception.Danbay specializes in providing innovative software solutions designed to streamline business processes across various industries. Their core product offerings include a comprehensive project management tool that enhances team collaboration through real-time updates, task tracking, and resource allocation features. Released in 2020, this flagship software aims to address challenges associated with inefficient workflow and disjointed communication within organizations. The target clientele encompasses small to medium-sized enterprises (SMEs) and larger corporations, with a focus on sectors such as technology, marketing, and finance. The application is marketed primarily in North America and Europe, where businesses increasingly seek digital transformation to enhance operational efficiency.The company's revenue model is structured around a subscription-based service, allowing clients to access their software through various pricing tiers tailored to organizational needs. Clients typically engage through annual or monthly subscriptions, which provide access to the latest features and updates, ensuring they remain competitive in their respective markets. Additionally, partnerships with integration service providers facilitate B2B transactions, enabling seamless adoption of the software within existing technology stacks. Specific pricing plans are designed to cater to different user requirements, with options for both individual users and larger teams, reflecting the company’s commitment to scalability and customer satisfaction. The flagship project management tool, along with complementary services, contributes significantly to the overall revenue generation strategy, aligning with market demands for effective digital solutions.Danbay aims to leverage its recent funding from the Series A round to enhance its product offerings and expand into new markets. The company is currently designing additional features for its project management tool, with planned releases in the upcoming year. Simultaneously, Danbay is targeting growth in new geographic regions, focusing on increased penetration in North America and Europe by the end of 2021, to bolster its market presence.

## Funding rounds

- Series A, Dec 6, 2017, $3M — Dingxin Capital

## Investors

- Dingxin Capital — Series A