# DESSMANN (China) Machinery & Electronic Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dessmann-china-machinery-electronic-co

- Industry: Consumer Products
- Headquarters: Hangzhou, China
- Website: www.dessmann.com.cn
- Total disclosed funding: $35M
- Latest round: Series D (Oct 13, 2022)
- Investors on record: 10

## About

Established in 2009, based in Hangzhou, China and headquartered in Stuttgart, Germany, DESSMANN (China) Machinery & Electronic Co., Ltd. operates as a producer of the smart lock, safe box, surveillance cameras and Bluetooth key for residential and shops. The company has partnerships with Honeywell, Ingersoll-Rand, and Panasonic. It released the Little Tee Cloud Smart Lock T86 in 2018 and the second generation 3D face recognition smart lock in 2020. In addition, the company has more than 300 patents and more than 10 software copyrights as of 2022.

The company's main business is the production and development of fingerprint locks, safe deposit boxes, housekeeping systems and Anningwei central security systems. The company self developed product include DSM series fingerprint locks, cat-eye cameras, safes and Bluetooth keys.

## Funding rounds

- Series D, Oct 13, 2022 — MPC, GOME Capital, Hangzhou Gaoxin Technology Venture, Shanghai Plank Road Private Equity Fund Management, Hangzhou Light Industrial Association Investment Group Co., Ltd., Chuxin Co-creation Holding Group
- Series C, Feb 27, 2021, $4.6M — Hyleen Capital
- Series B, Nov 2, 2018, $14M — Share Capital, Red Star Macalline Group Corporation, Hotata
- Series B, Mar 21, 2018, $16M — Share Capital, Red Star Macalline Group Corporation, Hotata

## Investors

- Share Capital (https://capitalatlas.ai/funds/share-capital) — Series B
- Red Star Macalline Group Corporation — Series B
- Hotata — Series B
- Hyleen Capital (https://capitalatlas.ai/funds/hyleen-capital) — Series C
- MPC — Series D
- GOME Capital (https://capitalatlas.ai/funds/gome-capital) — Series D
- Hangzhou Gaoxin Technology Venture — Series D
- Shanghai Plank Road Private Equity Fund Management — Series D
- Hangzhou Light Industrial Association Investment Group Co., Ltd. — Series D
- Chuxin Co-creation Holding Group — Series D