# Lemo Services Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lemo-services-co

- Industry: Consumer Services
- Headquarters: Fuzhou, China
- Website: www.lemobar.com
- Total disclosed funding: $7.6M
- Latest round: Series A (Dec 22, 2017)
- Investors on record: 1

## About

Based in Fuzhou, China and founded in 2014, Lemo Services Co., Ltd is a provider of massage services performed by mechanical massage equipment stationed at points of service (POS). In 2016, the company launched its major brand "Lemobar" aiming to provide consumers with mechanical massage services in various consumption scenarios. In 2021, It was recognized as a "Little Giant" Technology Enterprise in Fujian Province. Lemo Services Co., Ltd has established subsidiaries in Hangzhou, Suzhou, Chengdu, Shanghai and other places in China.

In August 2024, the company was converted into a joint-stock company. In December 2025, Lemo Services Co., Ltd raised HKD 222.22 million in an IPO, selling 5.56 million shares at HKD 40 apiece on the Hong Kong Exchanges and Clearing (HKEX) under the ticker "2539".

Lemo Services Co., Ltd provides massage services performed by our mechanical massage equipment stationed at various POS in public venues of high foot traffic across China, including commercial complexes, cinemas and traffic hubs such as airports and high-speed rail stations. The company offers different massage services based on different categories of hardware and equipment, including the First-Class Intelligent Health Series, the Energy Egg Professional Massage Series, the Leisure Chair Comfort and Relaxation Series and the Back & Waist Relax Cinema Experience Series. These massage services are supported by the company's IoT (Internet of Things) technologies and digital and software infrastructure such as consumer operation system, equipment maintenance system, business management system and IoT Communication Services.

Lemo Services Co., Ltd generates revenue from providing massage services with massage equipment placed at various POS, adopting two main business models including Direct Mode and Partner Mode. Under Direct Mode, the company's in-house operating team manages POS operation matters such as POS site selection, occupancy negotiation, POS site decoration and operation and maintenance of the POS; while Partner Mode is based on the collaborate with local partners who shall be responsible for POS operation, while the company provide a comprehensive mechanical massage service solution such as supplying mechanical massage equipment and related spare parts, guidance on operation and maintenance etc.

## Funding rounds

- Series A, Dec 22, 2017, $7.6M — CoStone Capital

## Investors

- CoStone Capital (https://capitalatlas.ai/funds/costone-capital) — Series A