# Ebidsun

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

- Industry: Software
- Headquarters: Hangzhou, China
- Website: www.ebidsun.com
- Total disclosed funding: $15M
- Latest round: Series A (Apr 26, 2021)
- Investors on record: 4

## About

Based in China, Ebidsun is an information technology firm specializing in blockchain solutions for public resource transactions, aiming to enhance transaction transparency and efficiency through innovative digital tools.Ebidsun operates in the field of blockchain technology, focusing on solutions for public resource transactions. Founded in 2019 in Hangzhou, China, the company has expanded its operations since inception. It has secured a total of RMB 100 million in funding, most recently in a SERIES A round on April 26, 2021, with investments from Future Qichuang Capital, Innoangel Fund, Mount Morning Capital, and Sequoia Capital. The company's founder has not been detailed in the available information.Ebidsun specializes in blockchain-based solutions tailored for public resource transactions. Their primary offerings include a mobile application for cross-center trading, a digital certificate network sharing solution leveraging blockchain technology, and an electronic guarantee solution aimed at enhancing transparency and security in public procurement transactions. The company’s flagship products, ???™, ???™, ???™, and Ebidchain™, facilitate seamless electronic guarantees and are designed to integrate with existing business processes, targeting financial institutions and organizations involved in public resource exchanges.Details about Ebidsun's revenue structure are not explicitly provided. However, it is inferred that the company generates revenue through partnerships and subscription models, as financial institutions engage with its services to streamline electronic guarantee processes. The firm likely conducts transactions with clients that include banks, government agencies, and public procurement entities, integrating electronic guarantees into their operations. Revenue streams appear to focus on B2B relationships, offering customized solutions tailored to the needs of clients in the public resource sector.Ebidsun plans to leverage its recent SERIES A funding of RMB 100 million, raised in April 2021, to support the development of new products and expand into new markets. The company is designing additional blockchain solutions aimed at enhancing the efficiency of public resource transactions, with expected launches in the upcoming year. Furthermore, Ebidsun aims to penetrate international markets, particularly targeting regions in Southeast Asia by the end of 2023.

## Funding rounds

- Series A, Apr 26, 2021, $15M — Hong Shan, Mount Morning Capital, Innoangel Fund, Future Qichuang Capital
- Series A, Aug 26, 2020 — Hong Shan
- Angel, Jul 3, 2019 — Innoangel Fund

## Investors

- Innoangel Fund (https://capitalatlas.ai/funds/innoangel-fund) — Angel, Series A
- Hong Shan — Series A
- Mount Morning Capital (https://capitalatlas.ai/funds/mount-morning-capital) — Series A
- Future Qichuang Capital (https://capitalatlas.ai/funds/future-qichuang-capital) — Series A