# Suzhou Leyou Network Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/suzhou-leyou-network-technology-co

- Industry: Internet
- Headquarters: Hangzhou, China
- Website: www.mofangvr.com
- Total disclosed funding: $5.4M
- Latest round: Series A (May 28, 2019)
- Investors on record: 13

## About

Suzhou Leyou Network Technology Co., Ltd. is a technology company focused on providing innovative solutions that enhance operational efficiency for businesses across various sectors, including logistics, healthcare, and finance.Founded in 2016 and headquartered in Hangzhou, China, Suzhou Leyou Network Technology Co., Ltd. specializes in advanced technology solutions. The company has undergone strategic pivots to enhance its product offerings. Ruotian Rong, the founder and current CEO, has been instrumental in establishing the company, which has raised a total of USD 5.00 mn through a SERIES A funding round led by Bitblock Capital, Hangzhou Shichuo Information Technology Co., Ltd., IDG Capital, JRR Capital, and Rootscap, with the latest deal occurring on May 28, 2019.The company specializes in a range of innovative products designed to address specific challenges within its industry. Their core offerings include advanced technology solutions that enhance operational efficiency for businesses, particularly in logistics, healthcare, and finance. These products are engineered to streamline workflows, improve data management, and facilitate real-time communication between stakeholders. The company targets a diverse client base, including mid-sized enterprises and large corporations across North America, Europe, and Asia-Pacific. Their solutions have been noted for their adaptability, with end users benefiting from customizable features that meet varying industry demands. Released within the last few years, these products have rapidly gained traction in competitive markets, showcasing their effectiveness in addressing complex operational issues.The company's revenue model is structured around direct sales and subscription-based services, which provides a steady income stream from both new and existing clients. Revenue is primarily generated through B2B transactions, where businesses license technology solutions or subscribe to software services for extended periods. Flagship products are offered under tiered pricing plans, enabling clients to select packages that align with their operational needs and budget constraints. This transaction structure supports ongoing partnerships, with clients often engaging in multi-year agreements that ensure continued support and updates. This model enhances customer retention and contributes positively to the company’s overall financial health.Suzhou Leyou Network Technology Co., Ltd. is planning to expand its product range with new offerings designed to meet evolving market needs, although specific release dates have not been disclosed. The company aims to penetrate new markets in North America, Europe, and Asia-Pacific by 2023. The recent funding of USD 5 mn will be utilized to bolster product development and facilitate this geographic expansion, enabling the company to strengthen its market presence and enhance its service offerings.

## Funding rounds

- Series A, May 28, 2019, $5M — IDG Capital, Rootscap, Hangzhou Shichuo Information Technology Co., Ltd., Bitblock Capital, JRR Capital
- Series A, Aug 29, 2018 — Oriza Holdings, Ch-Gemstone Capital, Bojiang Capital Management Group, NEO Global Capital, Plug and Play, Bizantine Capital, 4931.COM, BitMart
- Angel, Aug 1, 2016, $0.4M — Plug and Play

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Angel, Series A
- Oriza Holdings (https://capitalatlas.ai/funds/oriza-holdings) — Series A
- Ch-Gemstone Capital — Series A
- Bojiang Capital Management Group (https://capitalatlas.ai/funds/bojiang-capital-management-group) — Series A
- NEO Global Capital — Series A
- Bizantine Capital — Series A
- 4931.COM — Series A
- BitMart — Series A
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A
- Rootscap — Series A
- Hangzhou Shichuo Information Technology Co., Ltd. — Series A
- Bitblock Capital — Series A
- JRR Capital — Series A