# Qianniao Delivery

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qianniao-delivery

- Industry: Packaging
- Headquarters: Guangzhou, China
- Website: www.qniao.cn
- Total disclosed funding: $7.3M
- Latest round: Series B (Sep 22, 2022)
- Investors on record: 4

## About

Based in Guangzhou, China, and established in 2016, Qianniao Delivery operates as a digital transaction service provider that offers paper recycling and packaging services. In November 2020, the research and development of the ITO and MES system for the smart factory were completed. In January 2018, it started the recycling business. It has cooperated with more than 50 paper mills, 600 packing stations, and 3,700 printing and packaging factories.

The company provides order production for dozens of industries requiring paper packaging, such as tobacco and wine, jewelry, furniture, lighting, toys, food, cosmetics, electronic products, logistics, and express delivery. The business scope has covered more than ten cities in Guangxi, Anhui, Zhejiang, and Fujian. It also provides financial loans and base paper supply for cooperative partners.

The monthly revenue has been nearly CNY 200 million. It is expected that the revenue will exceed CNY 1.5 billion in 2021 and the tax payment will exceed CNY 200 million.

## Funding rounds

- Series B, Sep 22, 2022 — HT Valley
- Series A, Nov 6, 2018 — Tianhe Culture Fund
- Series A, Jun 19, 2018, $5.8M — Qingsong Fund, Tianhe Culture Fund
- Angel, Aug 3, 2017, $1.5M — Guangdong Culture Industry Fund

## Investors

- Guangdong Culture Industry Fund (https://capitalatlas.ai/funds/guangdong-culture-industry-fund) — Angel
- Qingsong Fund (https://capitalatlas.ai/funds/qingsong-fund) — Series A
- Tianhe Culture Fund — Series A
- HT Valley (https://capitalatlas.ai/funds/ht-valley) — Series B