# Mileseey Technology Co.

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

- Industry: Hardware
- Headquarters: Shenzhen, China
- Website: www.mileseey.net
- Total disclosed funding: $15M
- Latest round: Series C (Nov 27, 2017)
- Investors on record: 6

## About

Mileseey Technology Co., LTD. specializes in advanced measurement solutions, focusing on innovative digital laser measuring tools and thermal imaging cameras designed for accuracy and efficiency across various applications and industries.Mileseey Technology Co., LTD. was founded in 2005 in Shenzhen, China. The company is known for its advanced measuring solutions, including the flagship XTAPE1, which is the world's first 3-in-1 digital laser tape measure. The CEO, Jore Chou, has previous entrepreneurial experience. Mileseey has raised a total of RMB 100 million through a SERIES C funding round on November 27, 2017, from investors Everest VC and Huitou Capital, which matches their total amount raised of RMB 100 million.Mileseey Tools specializes in advanced measuring solutions, particularly digital laser measuring tools and thermal imaging cameras. Their flagship product, the XTAPE1, is recognized as the world’s first 3-in-1 digital laser tape measure, catering to both DIY enthusiasts and professionals in architecture and engineering. Other notable products include the DT20 Digital Laser Tape Measure and thermal imaging cameras like the TR20 Pro with dual-camera functionality. Their products enhance accuracy and efficiency in measuring tasks across various sectors, including construction and surveying, primarily targeting markets in North America, Europe, and parts of Asia.In the year 2016, Mileseey Tools generated revenue of CNY 11,532,999.20 and achieved an EBITDA of CNY 1,541,967.10. The company's revenue model is based on direct sales to consumers and professionals, accessible through their online store with options for immediate payment or installment plans. This strategy supports their market presence and meets the growing demand for advanced measuring solutions.Mileseey Technology Co., LTD. plans to utilize the RMB 100 million raised in the SERIES C funding round to launch new products and expand into new geographic regions. The company is focused on designing and releasing innovative measuring tools in the upcoming years, targeting expansions into additional markets in Europe and Asia by 2020. This strategic investment will enhance their ability to penetrate these markets and meet evolving customer demands.

## Funding rounds

- Series C, Nov 27, 2017, $15M — Everest VC, Huitou Capital
- Series B, Jul 26, 2015 — SZ Capital, Tianxing Capital, Lava Ventures Capital
- Series A, Jul 26, 2013 — China Merchants Capital

## Investors

- China Merchants Capital (https://capitalatlas.ai/funds/china-merchants-capital) — Series A
- SZ Capital — Series B
- Tianxing Capital (https://capitalatlas.ai/funds/tianxing-capital) — Series B
- Lava Ventures Capital (https://capitalatlas.ai/funds/lava-ventures-capital) — Series B
- Everest VC (https://capitalatlas.ai/funds/everest-vc) — Series C
- Huitou Capital — Series C