# Shenzhen ELS Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shenzhen-els-technology-co

- Industry: Business Support Services
- Headquarters: Shenzhen, China
- Website: www.51qqt.com
- Total disclosed funding: $9M
- Latest round: Series C (Mar 17, 2022)
- Investors on record: 10

## About

Based in Shenzhen, China, and established in 2014, Shenzhen ELS Technology Co., Ltd., is a business support services company that provides informatization management products and supply chain empowerment products. It has 12 branches in Beijing, Shanghai, Guangzhou, and other cities. And its enterprise clients cover 54 countries. Hui Xu, the company's founder, served as consulting director of the Southwest China, and South China zone of SAP, and manager of the China zone management systems department of P&G. In December 2022, the firm raised pre-series D funding from returning investor Meridian Capital China. 

Shenzhen ELS Technology Co., Ltd., develops and operates supplier relationship management (SRM) platforms. The platform provides supplier management, purchase trace to the source, electronic tendering and bidding, purchase management, contract management, non-production material purchases online shopping mall, and integrated procurement cooperation platforms. It also has goods transaction platforms, integrated with QiQi purchase shopping mall, business-to-business (B2B) shopping mall, and Juyuan pools, which provide 15 mainstream e-commerce platforms, covering more than 30 industries, and 40,000 supplier sources. It also provides financial products, including accounts payable mortgages, ordering financing, bill discount, and online lending and repayment.

## Funding rounds

- Series C, Mar 17, 2022 — Meridian Capital, V Fund
- Series C, Aug 25, 2021 — SIG Asia Investment
- Series C, Mar 19, 2021 — Yonghua Capital, Kinzon Capital, Koala Fund, Galaxy Ventures, Bigtreefinance.com
- Series B, Mar 6, 2018, $9M — Kinzon Capital, Harmony Venture, Wangxin Capital
- Series A, May 2, 2017 — Harmony Venture
- Series A, Feb 21, 2017 — Kinzon Capital

## Investors

- Kinzon Capital (https://capitalatlas.ai/funds/kinzon-capital) — Series A, Series B, Series C
- Harmony Venture (https://capitalatlas.ai/funds/harmony-venture) — Series A, Series B
- Wangxin Capital — Series B
- Yonghua Capital (https://capitalatlas.ai/funds/yonghua-capital) — Series C
- Koala Fund (https://capitalatlas.ai/funds/koala-fund) — Series C
- Galaxy Ventures — Series C
- Bigtreefinance.com — Series C
- SIG Asia Investment (https://capitalatlas.ai/funds/sig-asia-investment) — Series C
- Meridian Capital — Series C
- V Fund (https://capitalatlas.ai/funds/v-fund) — Series C