# PraFly

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

- Industry: Electronics
- Headquarters: Shenzhen, China
- Website: www.prafly.com
- Latest round: Series B (Sep 29, 2017)
- Investors on record: 5

## About

PraFly is a technology company specializing in innovative solutions that enhance operational efficiency across various industries, catering to both enterprise clients and individual consumers.Founded in 2005, PraFly operates out of Shenzhen, China, focusing on developing advanced technology solutions. The firm has executed a total of 3 deals, with the most recent occurring on September 29, 2017. The company is led by founders Shitao Ruan and Ying Ding, who have a history of entrepreneurial ventures.PraFly offers a suite of innovative solutions tailored to address specific challenges within various industries. These products are designed to enhance operational efficiency and streamline processes for a diverse clientele, including large corporations in healthcare, finance, and technology, as well as small to medium-sized enterprises and individual consumers. The company primarily markets its products in North America and Europe, with strategic expansions into emerging markets in Asia and South America.The company generates revenue through subscription-based models and direct sales of its flagship products. Clients typically engage in annual contracts for a full suite of services, facilitating both B2B partnerships and direct-to-consumer sales. The pricing plans are tiered to accommodate varying service levels, enabling clients to select options that align with their operational needs. PraFly’s trademarked products contribute significantly to its revenue stream.PraFly plans to release new products designed to further enhance operational efficiency, with specific launch dates to be announced in the coming year. The company is targeting expansion into emerging markets in Asia and South America by the end of 2024. The funding raised in the Series B round from Sihai Rongrun (Shenzhen) Investment Management and Shenzhen Hui Capital Limited in September 2017 will be utilized to support these new product developments and market expansions.

## Funding rounds

- Series B, Sep 29, 2017 — Sihai Rongrun (Shenzhen) Investment Management, Shenzhen Hui Capital Limited
- Series A, Apr 12, 2017 — Greatwall Fund, Shenzhen Capital Real Estate Fund, Zeshan Capital

## Investors

- Greatwall Fund (https://capitalatlas.ai/funds/greatwall-fund) — Series A
- Shenzhen Capital Real Estate Fund (https://capitalatlas.ai/funds/shenzhen-capital-real-estate-fund) — Series A
- Zeshan Capital — Series A
- Sihai Rongrun (Shenzhen) Investment Management (https://capitalatlas.ai/funds/sihai-rongrun-shenzhen-investment-management) — Series B
- Shenzhen Hui Capital Limited — Series B