About Baoyitech
Baoyitech is a Transportation, Automotive & Logistics company based in Guangzhou (China) founded in 2015. Online aggregator of auto insurance and servicing facilities. It operates in the Transportation, Automotive & Logistics and Financial Services sectors. Baoyitech has raised $2.7 million across 2 funding rounds from investors including Fujianspecializationno, Fujian Specialization No. 2 Fund and Yitong Capital. Its focus areas include FinTech, Internet First Insurance Platforms, Insurance Comparison Platforms and P&C. Its competitors include OkChexian, Beijing Yi Chong Technology and Chengniu; 3 of its 3 listed competitors have raised funding.
Company details
Baoyitech is an online platform which provides auto insurance and servicing facilities to car owners. Insurance companies and mechanics can register on the platform to serve users. Users can choose from various quotes of insurance policies from different companies. It includes loss of vehicle insurance, third party liability insurance, vehicle liability insurance etc. Is present in Guangzhou, Shenzhen, Chongqing, Chengdu, Beijing, Tianjin, Shanghai and Hangzhou as of June 2016. Claims to have raised an undisclosed amount in seed round of funding from Inno Valley ventures in 2016.
- Headquarters Guangzhou, China
- SectorsTransportation, Automotive & LogisticsFinancial Services
- Website baoyitech.com.cn
- Total Equity Funding$2.7M (USD)
in 2 rounds
Funding Insights of Baoyitech
Baoyitech has successfully raised a total of $2.7M across 2 strategic funding rounds. 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 $2.7M
- Total Rounds 2
- First Round $2.7M
(Oct 2017)
- Investors Count 5
All 2 funding rounds of Baoyitech 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 |
|---|---|---|---|---|---|
| Sep 2023 | Series A | – | – | ||
| Oct 2017 | $2.7M | Series A | – | Yitong Capital |
5 investors in total: 5 institutional.
Investors in Baoyitech
Baoyitech has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Fujianspecializationno, Fujian Specialization No. 2 Fund and Yitong Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investor details for Baoyitech
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 Baoyitech
3 dated milestones of Baoyitech across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Baoyitech is founded.
- Funding First funding round of $2.7M.
- Funding Latest funding round, Series A,.
Competitors of Baoyitech
Baoyitech has 3 listed competitors in our database, 3 of them funded. They include OkChexian, Beijing Yi Chong Technology and Chengniu.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| okchexian.com | 2014 | Shanghai, China | $11.96M | Automobile insurance is compared via a mobile platform. | ||
| etoppaas.com | 2008 | Haidian, China | $7.7M | Cloud-driven quoting solutions are offered for auto insurance. | ||
| chengniu.com | 2013 | Hangzhou, China | $4.61M | Online platform to book automobile repair services |
Detailed competitors of Baoyitech
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Baoyitech
Baoyitech was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Baoyitech is headquartered in Guangzhou, China. It is registered at Guangzhou, Guangdong, China.
Baoyitech is a funded company, having raised a total of $2.7M across 2 funding rounds to date. The company's 1st funding round was a Series A of $2.7M, raised on Oct 2017.
Baoyitech is an online platform which provides auto insurance and servicing facilities to car owners. Insurance companies and mechanics can register on the platform to serve users. Users can choose from various quotes of insurance policies from different companies. It includes loss of vehicle insurance, third party liability insurance, vehicle liability insurance etc. Is present in Guangzhou, Shenzhen, Chongqing, Chengdu, Beijing, Tianjin, Shanghai and Hangzhou as of June 2016. Claims to have raised an undisclosed amount in seed round of funding from Inno Valley ventures in 2016.
Baoyitech's top competitors include Beijing Yi Chong Technology, Chengniu and OkChexian.
Baoyitech has 5 investors. Key investors include Fujianspecializationno, Fujian Specialization No. 2 Fund, Yitong Capital, Xinli Investment, and Jiadao Gongcheng Fund.