# Lehe Food Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lehe-food-co

- Industry: Food
- Headquarters: Guangzhou, China
- Website: www.le-he.com
- Total disclosed funding: $92M
- Latest round: Series F (Oct 7, 2023)
- Investors on record: 9

## About

Established in 2006 and based in Guangzhou, China, Lehe Food Co., Ltd is a fresh food material delivery company that takes a business to business (B2B) model. As of 2021, the company has 230 subsidiaries in more than 100 cities. The company has established an ERP system in 2007, which realized the whole process of quality management from farmland to customers. In February 2018, the company acquired Zhejiang Jinjidahaitong Food Co.,Ltd. The company has many certifications, including Lehe Agricultural Supply Chain Management System, Lehe agricultural product quality and safety traceability system, Lehe Safety Production Standardization Level Two Certification. In October 2023, it raised series F funding co-led by new investors Guangdong Agricultural Supply Side Structural Reform Fund Management and Hezhi Capital, with participation from other new investors Guangzhou Baiyun Financial Holding Group and Sfund.

The company's main business is farm operation management, agricultural planting and breeding, agricultural product processing and distribution, catering management, online sales of agricultural products, and agricultural information technology consulting.
 
The company will use the series F funding to build a quality management system for the entire supply chain of ingredients, strengthen the upgrading and iteration of the digital system and the landing of the cold chain logistics infrastructure.

## Funding rounds

- Series F, Oct 7, 2023 — Sfund, Hezhi Capital, Guangzhou Baiyun Financial Holding Group, Guangdong Agricultural Supply Side Structural Reform Fund Management
- Series E, Dec 20, 2021 — CDH Investments, Eastern Bell Capital, Ciit Asset Management, Long Z Investment
- Series D, Dec 18, 2020 — CDH Investments, Eastern Bell Capital, Long Z Investment
- Series C, May 11, 2020, $57M — CDH Investments, Hezhi Capital, Long Z Investment
- Series B, Oct 21, 2019, $14M — Hezhi Capital, Long Z Investment
- Series B, Mar 28, 2019, $15M — Hezhi Capital
- Series A, Dec 1, 2015, $6.2M — New Value Capital

## Investors

- New Value Capital — Series A
- Hezhi Capital (https://capitalatlas.ai/funds/hezhi-capital) — Series B, Series C, Series F
- Long Z Investment (https://capitalatlas.ai/funds/long-z-investment) — Series B, Series C, Series D, Series E
- CDH Investments (https://capitalatlas.ai/funds/cdh-investments) — Series C, Series D, Series E
- Eastern Bell Capital — Series D, Series E
- Ciit Asset Management (https://capitalatlas.ai/funds/ciit-asset-management) — Series E
- Sfund (https://capitalatlas.ai/funds/sfund) — Series F
- Guangzhou Baiyun Financial Holding Group (https://capitalatlas.ai/funds/guangzhou-baiyun-financial-holding-group) — Series F
- Guangdong Agricultural Supply Side Structural Reform Fund Management (https://capitalatlas.ai/funds/guangdong-agricultural-supply-side-structural-reform-fund-ma) — Series F