# Meng Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/meng-technology

- Industry: Media
- Headquarters: Hangzhou, China
- Website: www.mengkeji.com
- Total disclosed funding: $1.5M
- Latest round: Series A (Jan 16, 2016)
- Investors on record: 1

## About

Meng Technology is a Chinese software development company that creates innovative solutions to enhance operational efficiency and user experience for businesses across various sectors.Founded in 2015 in Hangzhou, China, Meng Technology focuses on developing advanced software applications for diverse industries. The company has received Series A funding of RMB 10 million in January 2016 from JJ Ventures, which represents the total amount raised. The founders, Kevin McKeever and Meng Zhang, have aimed to address the operational challenges faced by businesses through their products.Meng Technology specializes in providing a range of innovative software solutions that target operational challenges in sectors such as finance, healthcare, and manufacturing. Their offerings streamline processes and enhance user experience, catering to small to medium-sized enterprises and large corporations alike. The company has established a presence in North America, Europe, and selected markets in the Asia-Pacific region, ensuring their products can reach a broad audience.The company generates revenue through a mix of subscription-based services and direct sales of its software solutions, with clients entering into annual contracts or making one-time purchases. Revenue recognition occurs upon service initiation, and clients often commit to multi-year agreements, which helps maintain long-term relationships and customer retention. Pricing plans are flexible, enabling clients to select solutions that align with their budgets.Meng Technology plans to leverage its Series A funding of RMB 10 million from January 2016 to enhance its product offerings and expand into new geographic regions. The company is focused on developing new software applications designed to launch in the second half of 2023, aiming to penetrate markets in Southeast Asia and South America by the end of 2024.

## Funding rounds

- Series A, Jan 16, 2016, $1.5M — JJ Ventures

## Investors

- JJ Ventures (https://capitalatlas.ai/funds/jj-ventures) — Series A