# MoreWis

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

- Industry: Software
- Headquarters: Fuzhou, China
- Website: www.morewis.com
- Total disclosed funding: $31M
- Latest round: Series B (Jun 8, 2021)
- Investors on record: 5

## About

Established in 2005 and based in Fuzhou, China, MoreWis is a technology company that focuses on developing and providing cloud storage technology and cloud computing service. The company operates five research and sale centers in North China, East China, South China, Central China, and Southwest China. In February 2021, MoreWis raised CNY 60 million in series B from Qiming Venture Partners.

The company provides aPaaS platform for industrial software development, which helps developers lower the development threshold and improve development efficiency. The main products are industrial software low-code platform (MC), cloud intelligent manufacturing system (N2), storage system, quality management system, equipment management system, intelligent analysis platform, mobile application development system, and data management system.

The company's revenue is divided into two parts. Firstly, the developers use the tools for apps development on the platform and sell them to their customers. The platform will charge a single license fee of about 1,000 yuan based on the number of customers. Secondly, developers sell new tools and algorithms created by themselves to other developers, the platform will collect commissions based on the transaction price.

## Funding rounds

- Series B, Jun 8, 2021, $16M — HUA Capital
- Series B, Mar 3, 2021, $15M — Qiming Venture Partners
- Series A, Apr 21, 2020 — Mount Morning Capital
- Series A, Aug 24, 2018 — SB China Venture Capital, Capital Nuts
- Angel, Nov 15, 2017 — Capital Nuts

## Investors

- Capital Nuts (https://capitalatlas.ai/funds/capital-nuts) — Angel, Series A
- SB China Venture Capital (https://capitalatlas.ai/funds/sb-china-venture-capital) — Series A
- Mount Morning Capital (https://capitalatlas.ai/funds/mount-morning-capital) — Series A
- Qiming Venture Partners (https://capitalatlas.ai/funds/qiming-venture-partners) — Series B
- HUA Capital (https://capitalatlas.ai/funds/hua-capital) — Series B