# Hangzhou Reformer Holding Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hangzhou-reformer-holding-co

- Industry: Hardware
- Headquarters: Hangzhou, China
- Website: www.reformer.com.cn
- Total disclosed funding: $33M
- Latest round: Series B (Feb 16, 2016)
- Investors on record: 8

## About

Established in 2000 and based in Hangzhou, China, Hangzhou Reformer Holding Co., Ltd. operates as a parking management system provider. In 2015, the company launched the mobile parking application Xingbai. In February 2016, the firm raised CNY 141 million in series B financing from E Fund Management Co.,Ltd, Zhejiang Silicon Paradise Asset Management Group Broad Resources Venture, China Fund Management, GGR CAPITAL, JT Asset Management, Kuanhua Group, and an individual investor. In 2022, it obtained the ISO20000 information technology service management system certification. In 2023, Hangzhou Reformer Holding Co., Ltd. was listed on the Beijing Stock Exchange. Its stock code is 833030. The company has branches in cities such as Beijing, Chongqing, Guangzhou and Wuhan.

The company's main products include parking charging products, access control products, smart face machines and Xingbai products. Access control products include card readers, access controllers and smart door locks.

In 2022, the company's operating income was CNY 465.32 million, and the net profit was CNY 41.55 million.

## Funding rounds

- Series B, Feb 16, 2016, $22M — TTGG Ventures, E Fund Management Co.,Ltd, China Fund Management, Broad Resources Venture, Kuanhua Group, JT Asset Management, GGR CAPITAL
- Series A, Jun 30, 2015, $11M — Riverhill Fund

## Investors

- Riverhill Fund (https://capitalatlas.ai/funds/riverhill-fund) — Series A
- TTGG Ventures (https://capitalatlas.ai/funds/ttgg-ventures) — Series B
- E Fund Management Co.,Ltd — Series B
- China Fund Management — Series B
- Broad Resources Venture (https://capitalatlas.ai/funds/broad-resources-venture) — Series B
- Kuanhua Group (https://capitalatlas.ai/funds/kuanhua-group) — Series B
- JT Asset Management — Series B
- GGR CAPITAL (https://capitalatlas.ai/funds/ggr-capital) — Series B