# Xingyun Kaiwu

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xingyun-kaiwu

- Industry: Software
- Headquarters: Guangzhou, China
- Website: www.leyaoyao.com/
- Total disclosed funding: $57M
- Latest round: Series D (Nov 8, 2021)
- Investors on record: 15

## About

Based in Guangzhou, China and established in 2015, Guangdong Xingyun Kaiwu Technology Co., Ltd., trading as Xingyun Kaiwu is a company that provides digital service for smart self-service equipment. The company's founder, Chen Genghao, worked for Unilever and Hewlett-Packard, and founded Weidian Hudong in 2011. In November 2025, Guangdong Tianyima Information Industry Co.,Ltd., a portfolio company of Score Capital, agreed to acquire a majority 98.56% equity in Xingyun Kaiwu from Detong Capital, Bright Venture Capital, Chengwei Capital, Qianhai Wutong Mergers and Acquisitions Fund, GF Xinde Investment, GF Xinde Investment, Tencent Investment and other unspecified investors for CNY 1.19 billion.

The company mainly provides intelligent IoT hardware and SaaS system solutions and realizes IoT and SaaS cloud platform management for offline self-service equipment. Its business covers self-service equipment in various fields such as entertainment, life, retail, and travel.

The company's revenue is generated by providing intelligent IoT hardware and SaaS system solutions.

## Funding rounds

- Series D, Nov 8, 2021, $16M — Sfund, Guangzhou Panyu Fund, Guangzhou Panyu Industry Investment, Tzitzit Asset
- Series D, Aug 9, 2021 — GP Capital, Yuecai Zhongyin Private Equity, CITIC Securities, 37 Interactive Entertainment, Sfund, Hi Target Capital
- Series C, Dec 31, 2019, $21M — Tencent Investment, GF Xinde Investment, Bright Venture Capital
- Series C, Jun 28, 2018 — Detong Capital, Shenzhen Qianhai Wutong Mergers and Acquisitions Investment Fund
- Series B, Jul 20, 2017, $15M — Chengwei Capital
- Series A, Feb 6, 2017, $5.5M — GF Xinde Investment

## Investors

- GF Xinde Investment (https://capitalatlas.ai/funds/gf-xinde-investment) — Series A, Series C
- Chengwei Capital (https://capitalatlas.ai/funds/chengwei-capital) — Series B
- Detong Capital (https://capitalatlas.ai/funds/detong-capital) — Series C
- Shenzhen Qianhai Wutong Mergers and Acquisitions Investment Fund (https://capitalatlas.ai/funds/shenzhen-qianhai-wutong-mergers-and-acquisitions-investment-) — Series C
- Tencent Investment — Series C
- Bright Venture Capital (https://capitalatlas.ai/funds/bright-venture-capital) — Series C
- GP Capital (https://capitalatlas.ai/funds/gp-capital) — Series D
- Yuecai Zhongyin Private Equity (https://capitalatlas.ai/funds/yuecai-zhongyin-private-equity) — Series D
- CITIC Securities — Series D
- 37 Interactive Entertainment — Series D
- Sfund (https://capitalatlas.ai/funds/sfund) — Series D
- Hi Target Capital — Series D
- Guangzhou Panyu Fund (https://capitalatlas.ai/funds/guangzhou-panyu-fund) — Series D
- Guangzhou Panyu Industry Investment — Series D
- Tzitzit Asset — Series D