# Lanxiong Hot Pot

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

- Industry: Food
- Headquarters: Taiyuan, China
- Total disclosed funding: $15M
- Latest round: Series A (Feb 24, 2021)
- Investors on record: 3

## About

Established in 2019 and based in Taiyuan, China, Lanxiong Hot Pot is a chain-fresh convenience store that focuses on the hot pot field. The warehouses are in Shanxi, Nanjing, Beijing, and Zhengzhou, and it has reached cooperation with more than 200 hot pot ingredients and semi-finished products factories. In February 2021, the company raised CNY 100 million in series A funding. As of 2024, it has opened more than 1,100 stores, and the team has nearly 400 employees. The founder, Fei Gao has 15 years of experience in the whole hotpot industry chain.

The company specializes in the operation of chain fresh convenience stores that provide hot pot ingredients, Chinese food products, semi-finished products, and so on. It has both dine-in and retail outlets, of which the dine-in stores are concentrated in Shanxi, and retail stores are located in the community.

The company generates revenue through the operation of chain-fresh convenience stores.

## Funding rounds

- Series A, Feb 24, 2021, $15M — ByteDance, Xingtuo Capital, GS Capital

## Investors

- ByteDance — Series A
- Xingtuo Capital — Series A
- GS Capital (https://capitalatlas.ai/funds/gs-capital) — Series A