# The L

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/the-l

- Industry: Internet
- Headquarters: Shanghai, China
- Website: www.thel.co
- Latest round: Series A (Aug 1, 2018)
- Investors on record: 3

## About

The L is a construction and engineering firm that specializes in delivering large-scale services across various sectors, including housing, infrastructure, and civil works, effectively addressing complex project needs.Founded in 2012 in Shanghai, China, The L provides engineering and construction services, focusing on multifaceted project execution. The company has engaged in four deals, with its most recent funding round being a Series A in August 2018, led by Albatross Venture. The current company valuation stands at USD 100.00 mn.THELCO specializes in delivering large-scale engineering and construction services, focusing on multifaceted project execution across a diverse range of industries, including housing, infrastructure, civil works, and mining operations. The company’s core offerings encompass project management, engineering design, and execution, supported by seasoned veterans in each sector. These services are tailored to meet the demands of top-tier construction projects, addressing challenges such as effective resource allocation, risk management, and adherence to budget constraints. THELCO serves a varied client base, including government entities, private corporations, and international organizations, with projects executed across five continents. The company actively markets its services in North America, Europe, Asia, and select regions of the Middle East, ensuring that its capabilities align with the specific needs of each geographical market.THELCO generates revenue primarily through contract agreements for its engineering and construction services, typically structured as B2B transactions with clients ranging from government agencies to large multinational corporations. Revenue streams are often based on project milestones, which may include initial payments upon contract signing, followed by periodic payments tied to the completion of specific phases of the project. The company’s pricing structure is reflective of the complexity and scale of the projects undertaken, with flagship services offering comprehensive solutions that justify premium rates. For instance, contracts may cover extensive engineering consultations to project management oversight, ensuring clients receive top-level expertise for their investments. These financial arrangements are designed to foster long-term partnerships, allowing THELCO to secure repeat business and expand its footprint in the global construction market.The L aims to enhance its service offerings by launching new products and expanding its reach into North America and Europe by the end of 2023. The recent Series A funding round will facilitate these initiatives, providing the necessary resources for market entry strategies and product development. In August 2018, The L raised an undisclosed amount of Series A+ funding from new investor Sequoia Capital, with participation from other unspecified investors.

## Funding rounds

- Series A, Aug 1, 2018 — Hong Shan
- Series A, Jun 28, 2016 — Albatross Venture
- Seed, Dec 1, 2014 — ABC Capital, Albatross Venture

## Investors

- ABC Capital (https://capitalatlas.ai/funds/abc-capital) — Seed
- Albatross Venture (https://capitalatlas.ai/funds/albatross-venture) — Seed, Series A
- Hong Shan — Series A