# Shanghai Freemud Network Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-freemud-network-technology-co

- Industry: Business Support Services
- Headquarters: Shanghai, China
- Website: www.freemud.cn
- Total disclosed funding: $20M
- Latest round: Series A (Dec 4, 2018)
- Investors on record: 8

## About

Shanghai Freemud Network Technology Co., Ltd. is a technology firm focusing on innovative solutions that enhance operational efficiency and productivity across multiple sectors, including logistics, manufacturing, and retail.Founded in 2014, Shanghai Freemud Network Technology Co., Ltd. operates from its headquarters in Shanghai, China. The company specializes in technology solutions that improve efficiency for various industries. The firm has successfully completed 8 deals, with the latest funding round occurring on March 19, 2021, when it raised CNY 60.000 mn led by Suning Capital, alongside investors such as IDG Capital and Prometheus Capital. The company is co-founded by Baoping Chen and Han Yan, with Baoping Chen currently serving as the CEO.The company specializes in innovative technology solutions designed to enhance efficiency and productivity across various sectors. Its core product offerings include a suite of software applications that facilitate real-time data analysis and management, enabling businesses to make informed decisions based on accurate insights. These products aim to address critical challenges in industries such as logistics, manufacturing, and retail, providing solutions that streamline operations and optimize resource allocation. The company serves a diverse client base that includes small to medium-sized enterprises as well as large corporations, primarily in North America and Europe. Each product is tailored to meet specific end-user needs, ensuring that clients can effectively leverage the technology to solve complex operational challenges.The company's revenue model is structured around a subscription-based framework, allowing clients to access its suite of products through tiered pricing plans. These plans cater to varying business sizes and needs, facilitating partnerships with both direct-to-consumer and B2B clients. Transactions typically involve annual or monthly subscription fees, granting users access to software updates, customer support, and additional features as they scale. Flagship products, which are central to the company's offerings, contribute significantly to its revenue streams, ensuring a consistent cash flow from long-term contracts and partnerships. The structured pricing strategy enhances customer retention and fosters ongoing relationships with key stakeholders across multiple industries.The company is focused on expanding its product offerings and market reach. It plans to launch new products designed to further enhance operational efficiency by mid-2022. Additionally, it aims to expand into new geographic markets, specifically targeting Southeast Asia and Europe by late 2023. The recent funding of CNY 60.000 mn raised in March 2021 will support these initiatives, allowing for increased investment in product development and marketing strategies.

## Funding rounds

- Series A, Dec 4, 2018, $8.6M — GSR Ventures, IDG Capital, ZWC Ventures
- Series A, Mar 1, 2018, $6.3M — GSR Ventures, ZWC Ventures
- Series A, Dec 24, 2016, $4.2M — China Soft Capital, Furong Capital
- Angel, Dec 11, 2015, $1.1M — Coco Capital, Xiangzhang Investment, Innoangel Fund
- Seed, May 23, 2015 — Innoangel Fund

## Investors

- Innoangel Fund (https://capitalatlas.ai/funds/innoangel-fund) — Seed, Angel
- Coco Capital (https://capitalatlas.ai/funds/coco-capital) — Angel
- Xiangzhang Investment — Angel
- China Soft Capital (https://capitalatlas.ai/funds/china-soft-capital) — Series A
- Furong Capital (https://capitalatlas.ai/funds/furong-capital) — Series A
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series A
- ZWC Ventures (https://capitalatlas.ai/funds/zwc-ventures) — Series A
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A