# Shenzhen Maoyuanwai Catering Management

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shenzhen-maoyuanwai-catering-management

- Industry: Travel & Leisure
- Headquarters: Shenzhen, China
- Total disclosed funding: $15M
- Latest round: Series A (Aug 24, 2021)
- Investors on record: 1

## About

Based in Shenzhen, China and founded in 2017, Shenzhen Maoyuanwai Catering Management is a chain brand of tavern. In August 2021, the company raised approximately RMB 100 million in pre-A and series A funding from China SME Development Fund. At present, there are more than 50 stores in Shenzhen. The company focuses on community stores and business district stores, and the area of community stores is about 60-80 square meters. The founder Yong Zhao has founded many bars with different styles, and he has more than 20 years of experience in the bar and catering industry.

The company provides brewed beer, wine and snacks. The price of brewed beer is 16-30 yuan per 330 ml, it also has foreign wines, wines, gin and tonic, long island iced tea and other cocktails.In terms of snacks, the store focuses on Chinese snacks such as soybeans and spiced peanuts, with a price of about 15-30 yuan per plate.

The latest funding will be used to expand stores, upgrade the supply chain and information construction. The company plans to open 150-200 stores in 2022.

## Funding rounds

- Series A, Aug 24, 2021, $15M — China SME Development Fund

## Investors

- China SME Development Fund (https://capitalatlas.ai/funds/china-sme-development-fund) — Series A