# Thing Swell

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/thing-swell

- Industry: Software
- Headquarters: Hangzhou, China
- Website: www.thingswell.com
- Latest round: Series A (Mar 4, 2025)
- Investors on record: 3

## About

Based in Hangzhou, China and founded in 2017, Thing Swell operates as an intelligent ready-mixed concrete solution provider, providing products and services around the production, transportation, and delivery of ready-mixed concrete. The founder and CEO, Yucheng Shou, graduated from Zhejiang University, and once served as president of Siemens and vice president of PTC. In March 2025, the company closed a series A funding from new investor Yiqichuang Capital.

Thing Swell has developed a SaaS platform of intelligent commercial concrete Internet of things system, which can manage the whole concrete production and transportation process. It has five subsystems which are intelligent scheduling, intelligent production, intelligent recipe system, intelligent quality system and intelligent warehouse management system. The company serves for more than 20 customers including mixing station, commercial concrete product processing plant and scene construction of intelligent factory.

The company generates revenue by providing digitalization and intelligence basic platform services for the commercial concrete industry.

The company will use the series A funding for intelligent platform iteration, product matrix research and development, and market ecosystem construction.

## Funding rounds

- Series A, Mar 4, 2025 — Yiqichuang Capital
- Angel, Sep 17, 2021 — Baidu Ventures, Creo Capital

## Investors

- Baidu Ventures (https://capitalatlas.ai/funds/baidu-ventures) — Angel
- Creo Capital — Angel
- Yiqichuang Capital (https://capitalatlas.ai/funds/yiqichuang-capital) — Series A