# Ginseng Essence

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ginseng-essence

- Industry: Food
- Headquarters: Guangzhou, China
- Website: www.guanzhan.com
- Latest round: Series B (Dec 15, 2022)
- Investors on record: 7

## About

Established in 2014 and based in Guangzhou, China, Ginseng Essence is a consumer products company that focuses on sales of health food and nutritional supplement, with more than 600 stores, 8 million square meters of bird's nest factory, 8 million square meters of traditional Chinese medicine production base and 1.3 million square meters of deep-sea fishing base. It has a brand GuanZhan that focuses on the research, development, and production of fish glue products. In 2020, its market valuation exceeds CNY 1 billion. It has partnerships with  Jiangnan University,  South China Agricultural University, CASIC, etc. The team has a background in food science, pharmacy, and other disciplines, and about 50% of the R&D staff have a master's degree.

The company's business is the production and retail of bird's nests, fish gelatin, ginseng, American ginseng, donkey-hide gelatin, sea cucumber, and so on. Besides, it also provides food science and technology research services, health science project research, development services, and large-scale event organization planning services for customers.

## Funding rounds

- Series B, Dec 15, 2022 — Charisma Partners, Befor Capital, Jinkong Fund Management, GF Qianhe, Huakai Asset Management
- Series A, Nov 26, 2020 — Hong Shan, ZhenFund, Befor Capital

## Investors

- Hong Shan — Series A
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Series A
- Befor Capital (https://capitalatlas.ai/funds/befor-capital) — Series A, Series B
- Charisma Partners (https://capitalatlas.ai/funds/charisma-partners) — Series B
- Jinkong Fund Management (https://capitalatlas.ai/funds/jinkong-fund-management) — Series B
- GF Qianhe — Series B
- Huakai Asset Management — Series B