# Hunan Huakai Cultural and Creative Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hunan-huakai-cultural-and-creative-co

- Industry: Business Support Services
- Headquarters: Changsha, China
- Website: www.huakai.net
- Total disclosed funding: $1.6M
- Latest round: Series A (Aug 17, 2013)
- Investors on record: 1

## About

Hunan Huakai Cultural and Creative Co., Ltd. is focused on delivering innovative software solutions that enhance operational efficiency for businesses across various sectors, particularly in data management and process automation.Founded in 2009 by Xinhua Zhou, Hunan Huakai Cultural and Creative Co., Ltd. operates from Changsha, China. The company has completed a total of 3 deals, with its most recent funding being an IPO on January 20, 2017, raising CNY 159.43 million, equivalent to the total amount raised to date. The firm has not had significant shifts in its business strategy or operations since its inception.The company specializes in software applications designed to improve operational efficiency and streamline workflows for diverse industries. Their offerings include solutions for data management, customer relationship optimization, and process automation, catering to both SMEs and larger corporations primarily in North America, Europe, and parts of Asia. These comprehensive solutions ensure easy integration into existing systems, thus enhancing productivity and cost-effectiveness.In the most recent fiscal year of 2021, Hunan Huakai Cultural and Creative Co., Ltd. reported a revenue of CNY 321,605,748.1, while experiencing an EBITDA loss of CNY 6,431,226.2. The revenue generation strategy includes subscription-based models and direct software sales, allowing clients to engage in annual or multi-year agreements for software updates and support, with a tiered pricing structure that accommodates varying operational requirements.To support its growth, Hunan Huakai Cultural and Creative Co., Ltd. is focusing on developing new software products aimed at enhancing user experience and operational capabilities, with specific launch dates yet to be announced. Plans for expansion include targeting new geographical markets in Southeast Asia and Europe by 2024. The capital raised in the IPO will be utilized to further these initiatives and enhance research and development efforts to meet evolving market demands.

## Funding rounds

- Series A, Aug 17, 2013, $1.6M — Fortune Capital

## Investors

- Fortune Capital — Series A