# Shanghai Oil Information Technology Co.

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

- Industry: Oil & Gas
- Headquarters: Shanghai, China
- Website: www.51zhaoyou.com
- Total disclosed funding: $203M
- Latest round: Series C (Aug 1, 2018)
- Investors on record: 12

## About

Shanghai Oil Information Technology Co., Ltd. specializes in delivering innovative software solutions aimed at enhancing operational efficiency for businesses. Their offerings cater to diverse sectors, facilitating improved data management and customer engagement.Founded in 2015, Shanghai Oil Information Technology Co., Ltd. is located in Shanghai, China, and focuses on providing software solutions for operational efficiency. The company has completed a total of 8 deals, with their most recent funding round being a Series C on September 3, 2021, raising USD 150.000 mn, bringing the total amount raised to USD 150.000 mn and achieving a current valuation of USD 490.200 mn. The company is led by CEO Bingran Xu.The company specializes in providing innovative solutions through advanced software platforms and tailored service packages designed to enhance operational efficiency for businesses across various sectors. These products address specific challenges such as data management and process automation, integrating seamlessly within existing workflows. The clientele includes small to medium-sized enterprises and large corporations, primarily in the North American and European markets, and spans multiple industries, including finance, healthcare, and retail.The company's revenue generation model is anchored in subscription-based services, facilitating long-term B2B partnerships through multi-year contracts that provide continuous access to flagship software. Clients benefit from regular updates while being offered tiered pricing based on usage. Additional revenue is generated through consulting services for software implementation and customization, ensuring a steady revenue stream for the company.As of September 2021, Shanghai Oil Information Technology Co., Ltd. ceased its operations, indicating a potential shift in their strategic focus. There are no current plans for new product launches or expansions into new markets as the company is no longer active.

## Funding rounds

- Series C, Aug 1, 2018, $150M — DCM, SIG Asia Investment, GLP Pte. Ltd., Yunqi Partners, Sky 9 Capital, Oceanpine Capital, Rainbow Capital, Drive Tide Capital Ltd., Jiyuan Capital
- Series B, Aug 24, 2017, $32M — DCM, SIG Asia Investment, Yunqi Partners, Huochebang, Partner Angel, Sky 9 Capital, Jiyuan Capital
- Series A, Apr 5, 2017, $8M — Chuangban Investment, Jiyuan Capital
- Series A, Dec 30, 2016, $10M — SIG Asia Investment, Yunqi Partners, Sky 9 Capital
- Series A, Mar 10, 2016, $3M — SIG Asia Investment

## Investors

- SIG Asia Investment (https://capitalatlas.ai/funds/sig-asia-investment) — Series A, Series B, Series C
- Yunqi Partners (https://capitalatlas.ai/funds/yunqi-partners) — Series A, Series B, Series C
- Sky 9 Capital (https://capitalatlas.ai/funds/sky-9-capital) — Series A, Series B, Series C
- Chuangban Investment — Series A
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Series A, Series B, Series C
- DCM (https://capitalatlas.ai/funds/dcm) — Series B, Series C
- Huochebang — Series B
- Partner Angel — Series B
- GLP Pte. Ltd. — Series C
- Oceanpine Capital (https://capitalatlas.ai/funds/oceanpine-capital) — Series C
- Rainbow Capital (https://capitalatlas.ai/funds/rainbow-capital) — Series C
- Drive Tide Capital Ltd. — Series C