# Suzhou Xunzhe Network Technology

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

- Industry: Consumer Services
- Headquarters: Suzhou, China
- Total disclosed funding: $6.9M
- Latest round: Series A (Dec 19, 2024)
- Investors on record: 2

## About

Based in Suzhou, China, and founded in 2015, Suzhou Xunzhe Network Technology is a shared dryer project operator that provides customers with hanging non-contact closet dryers. It has completed two technical iterations and the third generation has been put into use in April 2023. The firm has signed agreements with Vanke Park Apartment, Longhu Crown Apartment, Magic Square Apartment, and China Resources Nest Apartment. The founder and CTO, Yunming Hu, has more than 20 years of experience in IoT and Internet development. In December 2024, Suzhou Xunzhe Network Technology raised CNY 50 million in series A funding.

The company has developed a hanging non-contact closet dryer based on IOT technology that can be used in schools, apartments, employee dormitories, etc. It can dry, disinfect, sterilize, mite removal, and odor removal at different temperatures for different materials and types of clothing. The firm has put nearly 1,000 shared dryer cabinets in Beijing, Shanghai, Hangzhou, etc.

Suzhou Xunzhe Network Technology generates revenue by providing shared drying cabinet project services.

The company will use the series A funding for scene point expansion, equipment scale production and employees recruitment. It also plans to launch 50,000 devices in colleges nationwide next year.

## Funding rounds

- Series A, Dec 19, 2024, $6.9M — Huizhong Equity Investment Fund Management, Nantian

## Investors

- Huizhong Equity Investment Fund Management (https://capitalatlas.ai/funds/huizhong-equity-investment-fund-management) — Series A
- Nantian — Series A