# Shenzhen Lamabang Technology Co.

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

- Industry: Internet
- Headquarters: Shenzhen, China
- Website: www.lamabang.com
- Total disclosed funding: $130M
- Latest round: Series C (Mar 6, 2015)
- Investors on record: 5

## About

Shenzhen Lamabang Technology Co., Ltd. is a technology firm focused on enhancing digital identity management through innovative verification solutions aimed at businesses in various sectors, notably finance and healthcare.Founded in 2012 in Shenzhen, China, Shenzhen Lamabang Technology Co., Ltd. specializes in identity verification solutions. The company has raised a total of USD 100.00 mn across multiple funding rounds, with the most recent being a Series C round in February 2017 led by Vipshop Holdings. The CEO and founder is Zan Jin, who has a background in technology startups. The company has executed a total of 4 deals to date.The company specializes in a suite of innovative products designed to streamline and enhance digital identity management for businesses across various sectors. Central to their offerings is a robust identity verification platform that employs advanced technologies to authenticate users, mitigating the risks associated with fraud and unauthorized access. This service caters primarily to financial institutions, e-commerce platforms, and healthcare providers, offering them a reliable means to verify customer identities in real-time. Additionally, the company has launched supplementary tools for data analytics, enabling clients to derive actionable insights from user interactions and behaviors, thus optimizing customer engagement strategies. These products are strategically marketed in regions including North America, Europe, and parts of Asia, catering to a diverse clientele that seeks to enhance security while improving user experience.The company generates revenue through a multi-tiered subscription model tailored to meet the varying needs of its clients. This framework is structured around annual contracts for access to its identity verification platform and associated services, allowing organizations to scale their usage based on transaction volume and user growth. Partnerships with leading technology providers and marketplaces further enhance revenue streams, facilitating broader distribution and adoption of their flagship offerings. Specific pricing plans are devised to accommodate different client requirements, ensuring that both small enterprises and larger corporations can utilize their services effectively. Revenue is also bolstered by ongoing support and consulting services provided to clients, fostering long-term relationships and recurring income.Shenzhen Lamabang Technology Co., Ltd. is focused on expanding its product lineup with new features aimed at enhancing user authentication processes, with plans for a rollout in late 2023. The company is also targeting expansion into Southeast Asia and South America by 2024, leveraging recent funding of USD 100.00 mn raised in Series C financing to support these initiatives. This funding will be allocated towards product development, marketing efforts in new regions, and scaling operational capacities to meet increasing demand.

## Funding rounds

- Series C, Mar 6, 2015, $100M — 5Y Capital, Greenwoods Asset Management, Vipshop Holdings, MPC
- Series B, Jul 3, 2014, $20M — 5Y Capital, Greenwoods Asset Management, Vipshop Holdings, K2VC, MPC
- Series A, Aug 1, 2013, $10M — 5Y Capital, K2VC, MPC

## Investors

- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Series A, Series B, Series C
- K2VC (https://capitalatlas.ai/funds/k2vc) — Series A, Series B
- MPC — Series A, Series B, Series C
- Greenwoods Asset Management (https://capitalatlas.ai/funds/greenwoods-asset-management) — Series B, Series C
- Vipshop Holdings — Series B, Series C