# Haivivi

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

- Industry: Consumer Products
- Headquarters: Shenzhen, China
- Website: www.haivivi.cn
- Total disclosed funding: $28M
- Latest round: Series A (Feb 4, 2026)
- Investors on record: 12

## About

Based in Shenzhen, China and founded in 2021, Shenzhen Yueran Innovation Technology Co., Ltd., trading as Haivivi, develops intelligent toys that combine modern technology with child development principles. In March 2026, Haivivi raised Strategic Investment funding from Ant Group.
The company develops educational and entertainment-oriented toys enhanced by intelligent technologies. The company's flagship product, BubblePal, applies AIGC technology to deliver creative and interactive experiences for children, aiming to support cognitive growth and imaginative play. Haivivi’s products are designed to blend education, entertainment, and technology into engaging tools for early childhood development.
The company generates revenue from the design, production, and sales of educational toys and smart play products, including AIGC-enabled interactive toys.

## Funding rounds

- Series A, Feb 4, 2026 — Fortune Capital, QF Capital, Shenzhen Topband Co., Ltd., Shang Qi Capital
- Series A, Aug 20, 2025, $28M — China International Capital Corporation, WestSummit Capital, CMB International Asset Management, Joy Capital, HSG, Brizan Ventures
- Series A, Dec 12, 2024 — WestSummit Capital, Joy Capital, HSG
- Angel, Nov 30, 2023 — Brizan Ventures, Qianhai Kekong Lingdingyang Venture Capital
- Angel, Sep 15, 2021 — Lanchi Ventures

## Investors

- Lanchi Ventures (https://capitalatlas.ai/funds/lanchi-ventures) — Angel
- Brizan Ventures — Angel, Series A
- Qianhai Kekong Lingdingyang Venture Capital (https://capitalatlas.ai/funds/qianhai-kekong-lingdingyang-venture-capital) — Angel
- WestSummit Capital (https://capitalatlas.ai/funds/westsummit-capital) — Series A
- Joy Capital (https://capitalatlas.ai/funds/joy-capital) — Series A
- HSG (https://capitalatlas.ai/funds/hsg) — Series A
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series A
- CMB International Asset Management (https://capitalatlas.ai/funds/cmb-international-asset-management) — Series A
- Fortune Capital — Series A
- QF Capital (https://capitalatlas.ai/funds/qf-capital) — Series A
- Shenzhen Topband Co., Ltd. — Series A
- Shang Qi Capital (https://capitalatlas.ai/funds/shang-qi-capital) — Series A