# Wawa Republic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wawa-republic

- Industry: Retail
- Headquarters: Shanghai, China
- Latest round: Series A (Jul 17, 2017)
- Investors on record: 2

## About

Founded in 2015 and based in Shanghai, China, Wawa Republic operates as a retail service company that focuses on the operation and management of claw machine physical stores. It has 11 branch offices in Beijing, Nanjing, Kunshan, and other cities. Yongji Li, the company's founder, was formerly the China Operations Director of Shanghai Tom's World Amusement. In July 2017, Wawa Republic closed a series A funding from new investors Edge Ventures and Shanghai Weiyin Investment Management.

Wawa Republic's main business is the operation and management of physical claw machine stores. Its claw machines combine Internet technology and big data technology. It improves the frequency of communication and interaction between claw machines and users. The products in the claw machines are sold in the form of secured clips.

The company generates revenue by providing claw machines.

## Funding rounds

- Series A, Jul 17, 2017 — Edge Ventures, Shanghai Weiyin Investment Management

## Investors

- Edge Ventures (https://capitalatlas.ai/funds/edge-ventures) — Series A
- Shanghai Weiyin Investment Management — Series A