# Phy+ Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phy-technologies

- Industry: Electronics
- Headquarters: Shanghai, China
- Website: www.phyplusinc.com
- Latest round: Series D (Apr 8, 2022)
- Investors on record: 16

## About

Headquartered in Shanghai, China and founded in 2015, Phyplus Technologies (Shanghai) Co., Ltd., trading under the name Phy+ Technologies, formerly known as Phy+ Microelectronics, develops RF, mixed-signal and low-power wireless communication integrated circuits. The company provides Bluetooth Low-Energy chipsets with international certifications, including Bluetooth SIG, CSA, Apple MFi and supplies large-volume IC shipments to global IoT customers. It also offers customized chip development services and maintains proprietary IP in mixed-signal and RF circuit design. In April 2022, the firm closed a series D++ funding. In November 2025, it began trading on the China's NEEQ board with the ticker "874896".

The company works with enterprise IoT clients to provide RF and mixed-signal ICs, including Bluetooth Low-Energy chips, microcontrollers, Zigbee-compatible platforms and protocol-stack software.

The company’s revenue is generated through B2B sales of integrated circuits, licensing of protocol-stack software, and customized chip design services.

## Funding rounds

- Series D, Apr 8, 2022 — China Merchants Capital, Zhong He Sheng Capital Management, New Value Capital, Anxin Capital, Shenzhen Qianhai Kexi Capital Management, Wonder Land Capital, Junquanxin Capital, CRRC Guochuang Capital Management
- Series D, Dec 28, 2021 — China Reform Holdings, Sinan Capital
- Series D, Dec 3, 2021 — New Value Capital, Wonder Land Capital
- Series C, Nov 20, 2020 — V-Capital, Junxi Capital
- Series B, Feb 10, 2020 — Sinowisdom
- Series A, Dec 30, 2017 — Summitview Capital, Loyal Valley Capital, Wonder Land Capital
- Angel, Jul 31, 2016 — China Fortune-Tech Capital

## Investors

- China Fortune-Tech Capital (https://capitalatlas.ai/funds/china-fortune-tech-capital) — Angel
- Summitview Capital (https://capitalatlas.ai/funds/summitview-capital) — Series A
- Loyal Valley Capital (https://capitalatlas.ai/funds/loyal-valley-capital) — Series A
- Wonder Land Capital (https://capitalatlas.ai/funds/wonder-land-capital) — Series A, Series D
- Sinowisdom (https://capitalatlas.ai/funds/sinowisdom) — Series B
- V-Capital (https://capitalatlas.ai/funds/v-capital) — Series C
- Junxi Capital (https://capitalatlas.ai/funds/junxi-capital) — Series C
- New Value Capital — Series D
- China Reform Holdings (https://capitalatlas.ai/funds/china-reform-holdings) — Series D
- Sinan Capital — Series D
- China Merchants Capital (https://capitalatlas.ai/funds/china-merchants-capital) — Series D
- Zhong He Sheng Capital Management (https://capitalatlas.ai/funds/zhong-he-sheng-capital-management) — Series D
- Anxin Capital (https://capitalatlas.ai/funds/anxin-capital) — Series D
- Shenzhen Qianhai Kexi Capital Management (https://capitalatlas.ai/funds/shenzhen-qianhai-kexi-capital-management) — Series D
- Junquanxin Capital (https://capitalatlas.ai/funds/junquanxin-capital) — Series D
- CRRC Guochuang Capital Management (https://capitalatlas.ai/funds/crrc-guochuang-capital-management) — Series D