# Xqiao

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xqiao

- Industry: Consumer Products
- Headquarters: Shanghai, China
- Website: www.qiaosports.com
- Total disclosed funding: $20M
- Latest round: Series B (Oct 15, 2018)
- Investors on record: 3

## About

Xqiao specializes in innovative sports technology and equipment designed to enhance athletic performance through data-driven insights, targeting professional athletes and fitness enthusiasts with advanced wearable devices and software solutions.Founded in 2012 in Shanghai, China, Xqiao develops sports technology to support athletes. The company has raised CNY 140 million in Series B funding as of October 15, 2018, led by Harvest Investments, which underscores its investment potential. The CEO and founder, Zhongjian Pan, has a background in this industry, contributing to the company's strategic direction.Qiao Sports primarily focuses on the design and development of innovative sports technology and equipment aimed at enhancing athletic performance and training efficiency. Their core product offerings include advanced wearable devices that monitor real-time biometric data, such as heart rate, movement patterns, and fatigue levels, specifically tailored for professional athletes and fitness enthusiasts. The company also provides a suite of software solutions that analyze this data, offering personalized training insights and recommendations based on individual performance metrics. Targeting both amateur and professional sports markets, Qiao Sports serves clients in North America, Europe, and Asia, catering to sports teams, training facilities, and individual athletes who seek to optimize their performance through data-driven approaches. The release of these products aligns with the growing trend towards technology integration in sports, reflecting a commitment to pushing the boundaries of athletic training methodologies.The revenue model of Qiao Sports is structured around direct-to-consumer sales, subscription-based services, and partnerships with sports organizations and training facilities. Clients typically engage with the company by purchasing flagship products, which include the wearable devices and accompanying software solutions, often opting for subscription plans that provide ongoing access to enhanced analytics and updates. The pricing structure incorporates various tiers based on the features offered, allowing customers to select plans that best fit their training needs and budget. Revenue is generated not only from individual product sales but also from long-term partnerships with sports teams that integrate Qiao Sports' technology into their training regimens. This multifaceted transaction approach ensures steady income while fostering client loyalty and deeper engagement with the brand.Xqiao plans to enhance its product lineup with new versions of its wearable devices, set for release in the upcoming years. They aim to expand their market reach in regions such as Europe and North America by 2025. The recent CNY 140 million raised in Series B funding will support these initiatives, enabling the company to invest in product development and marketing efforts for their expansion into these targeted markets.

## Funding rounds

- Series B, Oct 15, 2018, $20M — Future Capital Discovery Advisory (Hong Kong) Limited, Hongtai Aplus, Harvest Investments

## Investors

- Future Capital Discovery Advisory (Hong Kong) Limited (https://capitalatlas.ai/funds/future-capital-discovery-advisory-hong-kong-limited) — Series B
- Hongtai Aplus (https://capitalatlas.ai/funds/hongtai-aplus) — Series B
- Harvest Investments (https://capitalatlas.ai/funds/harvest-investments) — Series B