# Yonghui Cai Food Development Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yonghui-cai-food-development-co

- Industry: Food
- Headquarters: Beijing, China
- Website: www.freshfood.cn
- Total disclosed funding: $153M
- Latest round: Series A (Dec 11, 2020)
- Investors on record: 8

## About

Established in 2015 and based in Beijing, China, Yonghui Cai Food Development Co., Ltd. is a food supply company that focuses on the supply and related services of fresh food. It has 38 fresh food factories, with 13 branch offices in Beijing, Shanghai, and other cities. The company acquired honors including China's top 100 enterprises in the supply chain of agricultural ingredients. In December 2023, Yonghui Cai Food Development Co., Ltd. closed a strategic investment.

The company's business includes the supply of fresh ingredients, ingredient management, distribution, and other related services. It has an APP for customers to purchase fresh food products. The company provides food supply services for government agencies, educational institutions, hotels and airlines, and supermarkets, with its customers including Bank of China, State Grid, and China Mobile. It was the food supplier of the Beijing 2022 Winter Olympics and Winter Paralympics.

## Funding rounds

- Series A, Dec 11, 2020, $153M — Hong Shan, Greenwoods Asset Management, China International Capital Corporation, Tencent Investment, Hillhouse Investment, Fujian Yonghui Group Co., Ltd., China Merchants Bank, Minsheng Equity Investment

## Investors

- Hong Shan — Series A
- Greenwoods Asset Management (https://capitalatlas.ai/funds/greenwoods-asset-management) — Series A
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series A
- Tencent Investment — Series A
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series A
- Fujian Yonghui Group Co., Ltd. — Series A
- China Merchants Bank — Series A
- Minsheng Equity Investment (https://capitalatlas.ai/funds/minsheng-equity-investment) — Series A