# SF Tongcheng

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sf-tongcheng

- Industry: Logistics & Distribution
- Headquarters: Hangzhou, China
- Latest round: Series B (Jan 26, 2021)
- Investors on record: 9

## About

Established in 2019 and based in Hangzhou, China, SF Tongcheng is a third-party direct-operated real-time logistics service provider under the SF Group. In 2019, it raised series A funding from Trustbridge Partners, Xiamen Borun Capital Investment Management, New Hope Group, Legend Capital, CITIC Capital and SAIF Partners. The company also raised series B funding from BAI Capital, CITIC Capital, Goldman Sachs Asset Management, New Hope Group, SAIF Partners, TB Bullet Fast Holdings(HK)Limited, Trustbridge Partners, Xiamen Borun Capital Investment Management in 2021. The company provides real-time logistics services for all industries and categories of enterprises based on third-party instant delivery service platform. It also empowers customers with new retail through technical inputs such as new retail store distribution and SaaS and promotes the accelerated development of the new retail industry. The company’s revenue is generated by providing real-time logistics services to customers. In 2020, the company generated operating income of RMB 4.84 billion, of which net loss was RMB 780 billion.

## Funding rounds

- Series B, Jan 26, 2021 — CITIC Capital Holdings, SAIF Partners, Goldman Sachs Asset Management, Trustbridge Partners, BAI Capital, New Hope Group, Xiamen Borun Capital Investment Management, TB Bullet Fast Holdings(HK)Limited
- Series A, Oct 24, 2019 — Legend Capital, CITIC Capital Holdings, SAIF Partners, Trustbridge Partners, New Hope Group, Xiamen Borun Capital Investment Management

## Investors

- Legend Capital — Series A
- CITIC Capital Holdings (https://capitalatlas.ai/funds/citic-capital-holdings) — Series A, Series B
- SAIF Partners (https://capitalatlas.ai/funds/saif-partners) — Series A, Series B
- Trustbridge Partners (https://capitalatlas.ai/funds/trustbridge-partners) — Series A, Series B
- New Hope Group (https://capitalatlas.ai/funds/new-hope-group) — Series A, Series B
- Xiamen Borun Capital Investment Management (https://capitalatlas.ai/funds/xiamen-borun-capital-investment-management) — Series A, Series B
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series B
- BAI Capital (https://capitalatlas.ai/funds/bai-capital) — Series B
- TB Bullet Fast Holdings(HK)Limited — Series B