# Xiaozao Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xiaozao-tech

- Industry: Chemicals
- Headquarters: Shenzhen, China
- Website: www.xiaozaotech.com
- Latest round: Series B (May 14, 2021)
- Investors on record: 2

## About

Based in Shenzhen, China and established in 2016, Xiaozao Tech is a company that engages in microalgae cultivation and product development. Its predecessor was Lyxia, which was established in 2012 in the United States. The company's founder and CEO, Yu Wei, received a Ph.D. in bioengineering from University of California, Los Angeles. He was nominated for the Patrick Soon Shiong Innovation Award in the United States and won the US Department of Energy Von Liebig Award.

The company’s main business isthe cultivation of microalgae and the extraction of EPA (Eicosapentaenoic Acid) from the microalgae. Through independent cultivation, extraction and processing of microalgae, the company provides customers with EPA capsules, EPA raw materials, and defatted algae powder for feed.

## Funding rounds

- Series B, May 14, 2021 — Oriental Fortune Capital, THG Ventures

## Investors

- Oriental Fortune Capital (https://capitalatlas.ai/funds/oriental-fortune-capital) — Series B
- THG Ventures (https://capitalatlas.ai/funds/thg-ventures) — Series B