# Ichunt.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ichunt-com

- Industry: Internet
- Headquarters: Shenzhen, China
- Website: www.ichunt.com
- Total disclosed funding: $28M
- Latest round: Series B (Sep 26, 2018)
- Investors on record: 9

## About

Ichunt.com is a specialized platform for the procurement of electronic components, streamlining supply chain management and regulatory compliance for clients in the electronics manufacturing sector.Ichunt.com, founded in 2015 and headquartered in Shenzhen, China, operates as a procurement platform tailored for electronic components. The company has focused on enhancing its supply chain stability and compliance for international trade. In March 2021, Ichunt.com successfully raised USD 100 mn in Series C funding from investor JD MRO, which brought the total amount raised to USD 100 mn. The company has executed 6 deals since its inception.Ichunt.com specializes in the procurement of electronic components, offering services such as supply chain management, customs clearance assistance, and consultation on the origin of goods. The company ensures that all imported materials comply with regulatory standards, providing essential support to manufacturers in the electronics sector. Ichunt.com serves a diverse clientele across Asia, Europe, and North America, addressing the global demand for electronic components effectively.Ichunt.com's revenue model centers on B2B transactions with manufacturers and industrial clients needing a consistent supply of electronic components. The procurement process involves direct sales agreements where clients place specific orders, with the company managing logistics and compliance. The pricing is structured to reflect the complexities of regulatory requirements, enabling tailored solutions for clients and fostering long-term partnerships in the industry.Ichunt.com aims to leverage the recent USD 100 mn raised in Series C funding to enhance its product offerings and expand its market reach. The company is focusing on developing new products designed for emerging technologies in the electronics space. Additionally, Ichunt.com plans to enter the Latin American market by the end of 2023, broadening its geographical footprint and addressing the growing demand for electronic components in that region. The funding will also support the optimization of its supply chain processes to facilitate these strategic expansions.

## Funding rounds

- Series B, Sep 26, 2018, $23M — Haitong Leading Private Equity Fund Management, Haitong Innovation Capital Management, HUA Capital
- Series B, Dec 26, 2017 — JD.com, Inc., Wuyue Capital, MPC, Welight Capital
- Series A, Mar 21, 2017 — N5 Capital
- Series A, Jun 16, 2016, $5M — Matrix Partners, Welight Capital

## Investors

- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series A
- Welight Capital (https://capitalatlas.ai/funds/welight-capital) — Series A, Series B
- N5 Capital (https://capitalatlas.ai/funds/n5-capital) — Series A
- JD.com, Inc. — Series B
- Wuyue Capital (https://capitalatlas.ai/funds/wuyue-capital) — Series B
- MPC — Series B
- Haitong Leading Private Equity Fund Management (https://capitalatlas.ai/funds/haitong-leading-private-equity-fund-management) — Series B
- Haitong Innovation Capital Management (https://capitalatlas.ai/funds/haitong-innovation-capital-management) — Series B
- HUA Capital (https://capitalatlas.ai/funds/hua-capital) — Series B