About 51HGP
51HGP is an Industrial Goods & Manufacturing company based in Hangzhou (China) founded in 2015. Industrial goods such as fasteners and tools are distributed electronically. It operates in the Industrial Goods & Manufacturing and Retail sectors. 51HGP has raised $16 million across 1 funding round from investors including Eastern Bell Capital. Its focus areas include Enterprise Applications, Manufacturing Tech, Online Retailers and Industrial Goods. Its competitors include Ruigu, Easy-to-buy work and Ehsy; 3 of its 3 listed competitors have raised funding.
Company details
51HGP was established in 2015 in Hangzhou, China, as an e-distributor in the industrial goods sector. A range of products, including fasteners, hand tools, hardware, auto parts, measuring tools, and low-voltage electrical appliances, is offered through online channels. Operations focus on supplying these items to various industrial needs, with the domain 51hgp.com serving as the primary platform.
- Total Equity Funding$16M (USD)
in 1 rounds
- Latest Funding Round$16M (USD), Series A
Jul 2018
- Investors
Funding Insights of 51HGP
51HGP has successfully raised a total of $16M through 1 strategic funding round. The most recent funding activity was a Series A round of $16 million completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $16M
- Total Rounds 1
- Last Round Series A β $16M
- First Round $16M
(Jul 2018)
- Investors Count 1
All 1 funding rounds of 51HGP with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2018 | $16M | Series A | β | β |
1 investors in total: 1 institutional.
Investors in 51HGP
51HGP has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Eastern Bell Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on early stage investment in supply chain, technology, retail, and multiple sectors | ebcapital.com.cn | Shanghai, China |
Investor details for 51HGP
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of 51HGP
2 dated milestones of 51HGP across 3 years, from founding to its latest funding, stage changes and deals.
- Founded 51HGP is founded.
- Funding First funding round of $16.0M.
Competitors of 51HGP
51HGP has 3 listed competitors in our database, 3 of them funded. They include Ruigu, Easy-to-buy work and Ehsy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ruigushop.com | 2014 | Shanghai, China | $490.17M | MRO tools and supplies are supplied online by Ruigu. | ||
| yesmro.cn | 2016 | Shanghai, China | $10M | MRO and industrial tools are e-distributed via an online platform. | ||
| ehsy.com | 2002 | Shanghai, China | $100M | Industrial B2B e-commerce platform for tools and systems is operated. |
Detailed competitors of 51HGP
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- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about 51HGP
51HGP was founded in 2015 and raised its 1st funding round 3 years after it was founded.
51HGP is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
51HGP is a funded company, having raised a total of $16M across 1 funding round to date. The company's 1st funding round was a Series A of $16M, raised on Jul 2018.
51HGP was established in 2015 in Hangzhou, China, as an e-distributor in the industrial goods sector. A range of products, including fasteners, hand tools, hardware, auto parts, measuring tools, and low-voltage electrical appliances, is offered through online channels. Operations focus on supplying these items to various industrial needs, with the domain 51hgp.com serving as the primary platform.
51HGP's top competitors include Ruigu, Easy-to-buy work and Ehsy.
51HGP has 1 investor. Key investors include Eastern Bell Capital.