# Familyone

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

- Industry: Internet
- Headquarters: Suzhou, China
- Website: www.linlinyi.cn
- Total disclosed funding: $40M
- Latest round: Series A (Jan 2, 2019)
- Investors on record: 5

## About

Familyone is a technology firm specializing in innovative software solutions for various industries, enhancing operational efficiency and productivity through tailored applications.Founded in 2018 in Suzhou, China, Familyone focuses on delivering advanced software applications. The company has undergone no notable strategic pivots and does not have any subsidiaries. Its founder's previous ventures are not disclosed. In January 2019, Familyone raised USD 30 mn in Series A funding led by Capital Today, with additional investments from Gaorong Ventures, Sequoia Capital, Source Code Capital, and Suning Corporation, totaling USD 30 mn raised to date.Familyone specializes in providing innovative software solutions tailored to enhance the productivity of various sectors, including logistics, healthcare, and finance. Their core offerings include advanced applications that address operational challenges such as inventory management, patient record keeping, and transaction processing, serving a diverse clientele from small businesses to large corporations primarily in North America and Europe.Familyone's revenue model is subscription-based, with clients typically entering annual contracts that ensure continuous software updates and support. In addition to subscriptions, revenue is generated through strategic partnerships and direct sales of flagship products. Pricing plans are customized to fit client needs, fostering long-term relationships and enabling stable cash flow through predictable transactions.Looking ahead, Familyone aims to launch new software products designed to enhance service delivery, with specific release dates yet to be announced. The company plans to expand its presence in North America and Europe by 2024, capitalizing on its recent funding of USD 30 mn from the Series A round to bolster these initiatives, as detailed in the rationale for the funding.

## Funding rounds

- Series A, Jan 2, 2019, $30M — Hong Shan, Capital Today, Suning Corporation, Gaorong Ventures, Source Code Capital
- Series A, Oct 26, 2018, $10M — Hong Shan, Gaorong Ventures, Source Code Capital
- Seed, Aug 31, 2018 — Hong Shan

## Investors

- Hong Shan — Seed, Series A
- Gaorong Ventures (https://capitalatlas.ai/funds/gaorong-ventures) — Series A
- Source Code Capital (https://capitalatlas.ai/funds/source-code-capital) — Series A
- Capital Today (https://capitalatlas.ai/funds/capital-today) — Series A
- Suning Corporation — Series A