# Social Power Information Technology(Shanghai) Co.

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

- Industry: Software
- Headquarters: Shanghai, China
- Website: www.shebaochina.com
- Total disclosed funding: $45M
- Latest round: Series C (Jun 24, 2022)
- Investors on record: 12

## About

Based in Shanghai, China, and established in 2015, Social Power Information Technology(Shanghai) Co., Ltd. previous named Shanghai Shebao Information Technology Co., Ltd., is an information technology company that provides a one-stop human resource service system. The company has received several rounds of investment from ZhenFund, Volcanics Venture, Vision Capital, Z Ventures Grop, Juzhuo Capital, and RECRUIT Group. The company's products Shebaotong version 2.0 launched in 2015, Shebaotong version 3.0 launched in 2016, and Shebaotong version 4.0 launched in 2017. The company was listed on Forbes 2018 unlisted potential companies. As of June 2022, the company has over 641 additional service offices in China, covering 660 cities.    

The company developed a human resource service system, which provides social insurance, commercial insurance, salary service, service outsourcing, labor dispatch, human cost optimization, and other services for enterprise users. Those products can be divided into enterprise services, employee services, and government public services. The enterprise services include Zhaopintong, Ruzhitong, Xinzitong, Shebaotong, Pubaotong, and Zhenfuli. The employee service includes entry handling, daily office work, salary and welfare, and other daily modules. The company also developed the system, Human She Cloud, for the government public.

The company will use the Series C funding for R&D HR work media systems, HR work backend System systems, Robotic Process Automation systems (RPA), an Application Programming Interface (API), expanding domestic market share, and exploring oversea markets.

## Funding rounds

- Series C, Jun 24, 2022, $40M — ZhenFund, Vision Plus Capital, Z Venture Group, Volcanics Venture, Juzhuo Capital, Enlight Growth Partners, 36kr Fund, Shenqi Capital, Peakview Capital, Zhaoming Ruiyuan Capital
- Series B, Aug 21, 2018 — ZhenFund, 36kr.com
- Series A, May 24, 2017 — ZhenFund, Recruit Holdings, Vision Plus Capital, Z Venture Group, Volcanics Venture
- Series A, Apr 1, 2016, $4.6M — ZhenFund, Z Venture Group
- Angel, Nov 1, 2015 — ZhenFund

## Investors

- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Angel, Series A, Series B, Series C
- Z Venture Group (https://capitalatlas.ai/funds/z-venture-group) — Series A, Series C
- Recruit Holdings — Series A
- Vision Plus Capital (https://capitalatlas.ai/funds/vision-plus-capital) — Series A, Series C
- Volcanics Venture (https://capitalatlas.ai/funds/volcanics-venture) — Series A, Series C
- 36kr.com — Series B
- Juzhuo Capital (https://capitalatlas.ai/funds/juzhuo-capital) — Series C
- Enlight Growth Partners (https://capitalatlas.ai/funds/enlight-growth-partners) — Series C
- 36kr Fund (https://capitalatlas.ai/funds/36kr-fund) — Series C
- Shenqi Capital (https://capitalatlas.ai/funds/shenqi-capital) — Series C
- Peakview Capital — Series C
- Zhaoming Ruiyuan Capital (https://capitalatlas.ai/funds/zhaoming-ruiyuan-capital) — Series C