# Guangdong Foodnoon Biotech Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/guangdong-foodnoon-biotech-co

- Industry: Food
- Headquarters: China
- Website: www.foodnoon.com
- Total disclosed funding: $7.5M
- Latest round: Series A (Oct 1, 2010)
- Investors on record: 1

## About

Guangdong Foodnoon Biotech Co., Ltd specializes in domain name brokerage, focusing on premium domain names, particularly in the food sector, facilitating secure transactions for clients seeking to enhance their digital presence.Founded in 2001 in China, Guangdong Foodnoon Biotech Co., Ltd operates primarily as a domain name brokerage service. The company is focused on listing premium domain names, allowing clients to secure distinctive online identities. The firm raised CNY 50.4 million during a Series A funding round completed in October 2010 led by China Science & Merchants Capital Management. The founder's identity is currently not available.Foodnoon.com primarily operates as a domain name brokerage service, providing the sale of specific domain names, especially the domain 'foodnoon.com.' Their core offering involves listing premium domain names for prospective buyers, facilitating secure transactions via a third-party escrow service to ensure safety for both parties. The service caters to businesses and individuals aiming to establish a unique online identity, particularly within the food-related sector, and is primarily marketed to small to medium-sized enterprises, startups, and entrepreneurs in China.The revenue model for Foodnoon.com is based on the direct sale of domain names, with 'foodnoon.com' priced at CNY 3448.00. Clients purchase domain names directly through a straightforward process that involves the intermediary 4.cn for secure payments and ownership transfers. This one-time purchase model is appealing to businesses looking to establish a strong online presence without ongoing subscription costs, supporting a B2B transactional relationship where domain names are viewed as essential digital assets.Guangdong Foodnoon Biotech Co., Ltd plans to utilize the recent funding of CNY 50.4 million from its Series A round to enhance its domain brokerage services and expand its market reach. The company is looking to introduce new premium domain names tailored for the food industry by the end of 2023. Additionally, there are strategies in place to enter international markets, particularly targeting Southeast Asia and North America for expansion by 2025.

## Funding rounds

- Series A, Oct 1, 2010, $7.5M — China Science & Merchants Capital Management

## Investors

- China Science & Merchants Capital Management (https://capitalatlas.ai/funds/china-science-merchants-capital-management) — Series A