# Hangzhou MicroAnts Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hangzhou-microants-technology-co

- Industry: Software
- Headquarters: Hangzhou, China
- Website: www.microants.cn
- Total disclosed funding: $3M
- Latest round: Series B (Feb 3, 2023)
- Investors on record: 1

## About

Established in 2016 and based in Hangzhou, China,  Hangzhou MicroAnts Technology Co., Ltd is an e-commerce company that focuses on providing digital services to the physical industry. The company's CEO, Yuyuan He, has held positions such as senior manager and senior product specialist at Alibaba. The core team is from Alibaba, Netease and Didi Chuxing. It has developed an APP with a total download of over 70 million, opened more than 300,000 stores, aggregated transactions totaling CNY 22 billion, and online transactions exceeding CNY 2 billion.

The company's self-developed industrial Internet platform for the small commodity industry, "Yicai Bao", provides guaranteed transactions, guaranteed goods, financial security, a back-end management system, transaction credit inquiries and other services.

## Funding rounds

- Series B, Feb 3, 2023, $3M — PKU Collaborative Venture

## Investors

- PKU Collaborative Venture (https://capitalatlas.ai/funds/pku-collaborative-venture) — Series B