# Light Oxygen Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/light-oxygen-technology-co

- Industry: Consumer Services
- Headquarters: Beijing, China
- Total disclosed funding: $16M
- Latest round: Series A (Jul 24, 2018)
- Investors on record: 5

## About

Established in 2014 and based in Beijing, China, Light Oxygen Technology Co., Ltd. is a company that provides smart laundry service. In July 2018, the firm raised CNY 55 million in series A+ funding. Xu Zhang, the company’s CEO, was previously the regional manager of Meituan.com, and a partner of edaixi and general manager of its laundry division.

The company's main business is to provide smart laundry services. It has deployed smart washing machines, dryers, shoe washers and other equipment in campuses, factories, apartments, hotels and other locations. Users can place orders through WeChat official accounts or mini programs.

The company’s revenue is generated by providing smart laundry services.

## Funding rounds

- Series A, Jul 24, 2018, $8.1M — Haier Capital, 58 Co., Ltd.
- Series A, Jan 17, 2018, $7.8M — IDG Capital, Aqua Ventures, Ether Capital

## Investors

- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A
- Aqua Ventures (https://capitalatlas.ai/funds/aqua-ventures) — Series A
- Ether Capital (https://capitalatlas.ai/funds/ether-capital) — Series A
- Haier Capital (https://capitalatlas.ai/funds/haier-capital) — Series A
- 58 Co., Ltd. — Series A