# Sovell

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sovell

- Industry: Hardware
- Headquarters: Hangzhou, China
- Website: www.sovell.com.cn
- Total disclosed funding: $17M
- Latest round: Series C (Mar 30, 2018)
- Investors on record: 3

## About

Based in Hangzhou, China and established in 2001, Sovell is a company that provides catering settlement and information solutions. In March 2018, the firm raised a series C funding for CNY 45.6 million. In 2019, the company was listed on the National Equities Exchange and Quotations. Its stock code is 873373. As of October 2020, it has obtained 4 invention patents, 26 utility model patents, and 29 design patents. Sovell has branches in cities such as Beijing, Shanghai and Shenzhen.

The company's main products include multimedia self-service checkout stations, self-service cash registers and smart pallet machines. The multimedia self-service checkout station provides intelligent settlement, cashier and vegetable arrangement management services. The company's products are used in school canteens, restaurants in enterprises and institutions, fast food chain stores, etc.

In 2022, the company's operating income was CNY 106.81 million, and the net profit was CNY -19.9 million.

## Funding rounds

- Series C, Mar 30, 2018, $7.2M — Keyi Investment
- Series B, Aug 4, 2016, $6M — Haibang Venture, Phantom Investment
- Series A, May 8, 2015, $3.8M — Haibang Venture

## Investors

- Haibang Venture — Series A, Series B
- Phantom Investment — Series B
- Keyi Investment (https://capitalatlas.ai/funds/keyi-investment) — Series C