# Feiliu Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/feiliu-tech

- Industry: Software
- Headquarters: Shanghai, China
- Website: www.heydaizi.com/
- Latest round: Series A (May 31, 2021)
- Investors on record: 9

## About

Established in 2016 and based in Shanghai, China, Feiliu Tech operates as a supply chain services company that provides apparel flexible supply chain platforms. The company is a national high-tech enterprise and was established by Dr. IBM Waston's team of scientists. The core team comes from IBM, Suning and Alibaba. Fei Xiang, the founder of the company, worked at the IBM Watson Institute and has 17 years of experience in supply chain management research.  In June 2023, it closed strategic investment from Changshu Changchuang Equity Investment, Qingsong Fund, Zhongshi (Shanghai) Equity Investment Fund Management and Realharmony Capital.

The company uses internet and deep learning technologies to provide flexible supply chain services for clothing factories, designers and brand clients. Its products include SewSmart and black bag app. SewSmart operates as an intelligent production collaboration SaaS products and break through the data barriers of software and hardware systems such as ERP, CRM and WMS. black bag app provides S2B sourcing and marketing platform and supply chain service platform. The company has many clients, such as Kappa, Adidas and Skechers.

The company's revenue is generated by charging service fees from cooperating factories and brands.

## Funding rounds

- Series A, May 31, 2021 — SB China Venture Capital, Wu Capital, ByteDance, INCE Capital, GL Ventures, Jiyuan Capital
- Series A, Feb 18, 2021 — ByteDance, Jiyuan Capital
- Series A, Apr 26, 2019 — K2VC
- Angel, Sep 1, 2017 — Ameba Capital, Albatross Venture

## Investors

- Ameba Capital (https://capitalatlas.ai/funds/ameba-capital) — Angel
- Albatross Venture (https://capitalatlas.ai/funds/albatross-venture) — Angel
- K2VC (https://capitalatlas.ai/funds/k2vc) — Series A
- ByteDance — Series A
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Series A
- SB China Venture Capital (https://capitalatlas.ai/funds/sb-china-venture-capital) — Series A
- Wu Capital — Series A
- INCE Capital (https://capitalatlas.ai/funds/ince-capital) — Series A
- GL Ventures (https://capitalatlas.ai/funds/gl-ventures) — Series A