# FIIL

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

- Industry: Consumer Products
- Headquarters: Beijing, China
- Website: www.fiil.cn
- Total disclosed funding: $30M
- Latest round: Series B (Sep 13, 2018)
- Investors on record: 5

## About

FIIL is a Beijing-based audio company specializing in high-quality headphones and earphones, designed to deliver exceptional sound quality through advanced technology and ergonomic features.FIIL was founded in 2015 in Beijing, China, as a brand focused on audio products. The firm has participated in 4 deals, with the latest funding round being a Series A in August 2020, raising RMB 100 million. The CEO of the company is Leon Wu.FIIL is a headphone brand that specializes in high-quality audio products, launched in 2015. The company focuses on a range of wireless earphones and headphones, emphasizing advanced audio technology and unique ergonomic designs. Their flagship products include the FIIL GS, which features Hi-Res Audio Wireless Certification, an LDAC codec, a custom 18mm carbon fiber driver, and a bionic ear-shaped design for enhanced comfort. Additionally, the company offers the FIIL CC Pro2 and FIIL Key Pro, both emphasizing active noise cancellation and wireless connectivity. FIIL's products target audiophiles, casual listeners, and professionals across various markets, particularly in North America, Europe, and Asia, catering to consumers who prioritize sound quality and aesthetic appeal in their audio devices.FIIL generates revenue through direct-to-consumer sales and partnerships with retailers. The company’s product pricing reflects the premium quality of its offerings, with individual items such as the FIIL CC Pro2 being sold at CNY 98 and the FIIL Key Pro priced at CNY 55. Transactions typically occur through e-commerce platforms, where consumers can purchase the products directly from the FIIL official store. This structure ensures broader access to their products for end users and aligns with the brand's emphasis on providing a top-class listening experience. The company's revenue model is supported by strategic marketing efforts and participation in industry events, further enhancing brand visibility and customer engagement.Following the Series A funding round in August 2020, FIIL plans to utilize the RMB 100 million raised to expand its product line and improve its market presence. The company is designing new headphone models that will launch in the next year, targeting enhancements in sound technology and user comfort. Additionally, FIIL aims to enter new geographic markets, specifically targeting Europe and North America for expansion by 2022.

## Funding rounds

- Series B, Sep 13, 2018 — Plum Ventures, Cyanhill Capital
- Series A, Jan 11, 2016, $20M — Plum Ventures, Vision Plus Capital, Cyanhill Capital, Hofan Venture Capital, Iwini
- Angel, Aug 19, 2015, $10M — Plum Ventures, Cyanhill Capital

## Investors

- Plum Ventures (https://capitalatlas.ai/funds/plum-ventures) — Angel, Series A, Series B
- Cyanhill Capital (https://capitalatlas.ai/funds/cyanhill-capital) — Angel, Series A, Series B
- Vision Plus Capital (https://capitalatlas.ai/funds/vision-plus-capital) — Series A
- Hofan Venture Capital (https://capitalatlas.ai/funds/hofan-venture-capital) — Series A
- Iwini — Series A