# Guangzhou Fumi Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/guangzhou-fumi-technology-co

- Industry: Retail
- Headquarters: Guangzhou, China
- Website: www.yishouapp.com
- Total disclosed funding: $48M
- Latest round: Series C (Jun 8, 2020)
- Investors on record: 4

## About

Guangzhou Fumi Technology Co., Ltd. operates a leading supply chain platform, ??APP, connecting apparel suppliers with retailers, enhancing efficiency in the fast fashion industry.Founded in 2015 in Guangzhou, China, Guangzhou Fumi Technology Co., Ltd. offers a platform that connects clothing store owners directly with apparel suppliers. The company has successfully completed a Series C funding round in June 2020, raising USD 40.00 mn led by CMC Capital Partners, with participation from China Renaissance. The CEO and founder, Yun Jiang, has a history of entrepreneurship, although specific previous ventures are not detailed. The company has engaged in a total of 4 deals since its inception.??APP is a comprehensive platform in the fast fashion apparel supply chain sector, providing services aimed at clothing store owners and retailers. The platform streamlines wholesale transactions, connecting businesses to a broad range of apparel suppliers. Key features include efficient product discovery through buyer selection and limited-time bulk purchasing options, all designed to facilitate inventory management for thousands of merchants across major Chinese cities. The platform also offers return and exchange services, ensuring access to the latest fashion trends and essential inventory.??APP generates revenue primarily from B2B transactions where retailers purchase apparel in bulk from suppliers available on the platform. Operating on a commission-based model, the company collects fees on each transaction, allowing retailers to place orders with minimal upfront costs. While specific pricing details are not disclosed, the platform focuses on enhancing operational efficiency and user experience through services such as return and exchange facilitation alongside partnerships with quality suppliers.In June 2020, Guangzhou Fumi Technology Co., Ltd. raised USD 40.00 mn in Series C funding to support its growth initiatives. The company plans to develop new products aimed at enhancing the user experience and expanding its service offerings. Additionally, there are intentions to expand into new geographic markets, with a focus on reaching more retail partners outside of major Chinese cities. The recent funding will be utilized to bolster these expansion efforts and to further enhance the platform's functionality, positioning itself for growth in the evolving fast fashion landscape.

## Funding rounds

- Series C, Jun 8, 2020, $40M — CMC Capital Partners, China Renaissance
- Series B, Mar 13, 2019, $8.2M — China Renaissance, Shunwei Capital, MPC
- Series A, Jan 28, 2018 — Shunwei Capital, MPC

## Investors

- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series A, Series B
- MPC — Series A, Series B
- China Renaissance (https://capitalatlas.ai/funds/china-renaissance) — Series B, Series C
- CMC Capital Partners (https://capitalatlas.ai/funds/cmc-capital-partners) — Series C