# Letright

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/letright

- Industry: Consumer Products
- Headquarters: Hangzhou, China
- Website: www.letright.com
- Latest round: Series A (Sep 10, 2012)
- Investors on record: 1

## About

Based in Hangzhou, China, and established in 1999, Letright is a furniture company that engages in the research & development, manufacturing, and sales of outdoor leisure furniture. In 2012, it established a brand, Grand Leisure, focusing on the North American Market. In 2015, its Grand Leisure factory started production, established phase II factory in 2016, and established phase III factory in 2019. In 2020, it has a subsidiary, Henan Leju Outdoor Products Co., Ltd. The company's service are covered more than 30 countries. In July 2023, Letright raised over CNY 100 million in an IPO funding from new investor GF Qianhe.

Letright provides outdoor leisure furniture. Products include outdoor dining table, dining chair, bar set, conversation, lounge set, sun lounge, umbrella, garden lights, and other accessory. Those products are mainly exported to overseas, such as Europe, America, Australia and New Zealand.  And those products are used in the fields of courtyard garden, balcony terrace, hotel, restaurant, beach cruise, and parks.

From 2014-2016, the company's revenue was CNY 1.175 billion, CNY 1.097 billion and CNY 1.120 billion, and its net profit was CNY 36.07 million, CNY 41.74 million, and CNY 47.37 million, respectively.

## Funding rounds

- Series A, Sep 10, 2012 — Fosun Capital

## Investors

- Fosun Capital (https://capitalatlas.ai/funds/fosun-capital) — Series A