# Shanghai Xinguo Technology Co.

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

- Industry: Consumer Products
- Headquarters: Shanghai, China
- Website: www.hotmaxx.cn
- Total disclosed funding: $2.4M
- Latest round: Series A (Sep 23, 2020)
- Investors on record: 3

## About

Established in 2014 and based in Shanghai, China, Shanghai Xinguo Technology Co., Ltd. is a consumer goods company that focuses on tail goods handling. It has collaborated with over 1000 brands. In September 2020, Shanghai Xinguo Technology Co., Ltd. raised CNY 16 million in series A funding from new investors GSR Ventures, Sky 9 Capital, and other unspecified investors. As of 2023, it has over 100 buyers.

The company is committed to providing discounted products for consumers via online apps and offline physical stores. Its business has covered more than 10 cities such as Shanghai, Beijing, and Nanjing, with over 250 stores.

## Funding rounds

- Series A, Sep 23, 2020, $2.4M — GSR Ventures, Sky 9 Capital
- Angel, Sep 27, 2019 — NewGen Venture Partners

## Investors

- NewGen Venture Partners (https://capitalatlas.ai/funds/newgen-venture-partners) — Angel
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series A
- Sky 9 Capital (https://capitalatlas.ai/funds/sky-9-capital) — Series A