# Hot Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hot-tech

- Industry: Consumer Products
- Headquarters: Hangzhou, China
- Website: www.huobanplus.com
- Total disclosed funding: $7.8M
- Latest round: Series A (Jun 7, 2016)
- Investors on record: 2

## About

Hot Tech is a technology company dedicated to enhancing organizational efficiency and collaboration through innovative project management solutions. Their platform supports real-time communication and task management, serving a diverse clientele.Founded in 2013, Hot Tech is based in Hangzhou, China and specializes in project management software. The company has undergone strategic pivots, focusing on empowering small to medium-sized enterprises (SMEs). Founded by Zhenhao Yang, who has a background in technology ventures, the firm has raised CNY 50 million in its Series A round on June 7, 2016, led by Sinowisdom, bringing the total amount raised to CNY 50 million. 

Hot Tech offers comprehensive solutions aimed at enhancing organizational efficiency. Their project management platform facilitates collaboration among teams through real-time communication and task tracking. Primarily targeting small to medium-sized enterprises across technology, marketing, and education sectors, their products are strategically positioned in the Asian and North American markets, enhancing productivity and collaboration for their clients.Hot Tech's revenue model revolves around a subscription service for their project management tools, available through a tiered pricing structure tailored to client needs. Their flagship product consolidates essential functionalities and attracts clients through direct subscription sales and partnerships, ensuring continuous engagement and brand visibility.The company is focused on developing new features and tools for its project management platform, with anticipated releases aimed at further enhancing user experience. Hot Tech plans to expand into additional markets, specifically targeting Europe and Southeast Asia by 2025. The recent funding of CNY 50 million will be utilized to accelerate product development and market entry strategies.

## Funding rounds

- Series A, Jun 7, 2016, $7.6M — Sinowisdom
- Angel, Feb 18, 2014, $0.2M — Yinxinggu Capital

## Investors

- Yinxinggu Capital (https://capitalatlas.ai/funds/yinxinggu-capital) — Angel
- Sinowisdom (https://capitalatlas.ai/funds/sinowisdom) — Series A