About Hangzhou Penguin Technology
Hangzhou Penguin Technology is a company based in Hangzhou (China) founded in 2017.. Hangzhou Penguin Technology has raised $14.4 million across 3 funding rounds from investors including Ant Group and minij.cn. Hangzhou Penguin Technology operates in a competitive market with competitors including Cents, CleanCloud, Washlava, Starchup and WeWash, among others.
- Headquarter Hangzhou, China
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Sectors
Technology
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.4 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Ant Group
& 1 more
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Employee Count
Employee Count
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Funding Insights of Hangzhou Penguin Technology
Hangzhou Penguin Technology has successfully raised a total of $14.4M across 3 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 Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Series B - Hangzhou Penguin Technology | Valuation |
investors |
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| Nov, 2018 | Amount | Series A - Hangzhou Penguin Technology | Valuation | Ant Group |
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| Apr, 2018 | Amount | Seed - Hangzhou Penguin Technology | Valuation | minij.cn |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hangzhou Penguin Technology
Hangzhou Penguin Technology has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Ant Group and minij.cn. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Payment processing solution for consumers, small and micro businesses
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Founded Year | Domain | Location | |
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Dishwashers, refrigerators, and washing machines are supplied by minij.cn.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Hangzhou Penguin Technology
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hangzhou Penguin Technology
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hangzhou Penguin Technology Comparisons
Competitors of Hangzhou Penguin Technology
Hangzhou Penguin Technology operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cents, CleanCloud, Washlava, Starchup and WeWash, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A platform for managing laundry business operations is provided.
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| domain | founded_year | HQ Location |
Online ordering and POS software for laundry providers is supplied.
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| domain | founded_year | HQ Location |
Online platform offering diverse articles on various topics.
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| domain | founded_year | HQ Location |
Cloud-based SaaS solutions provider for laundry and dry cleaning businesses
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| domain | founded_year | HQ Location |
Software and hardware solutions for laundry management are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hangzhou Penguin Technology
Frequently Asked Questions about Hangzhou Penguin Technology
When was Hangzhou Penguin Technology founded?
Hangzhou Penguin Technology was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Hangzhou Penguin Technology located?
Hangzhou Penguin Technology is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Is Hangzhou Penguin Technology a funded company?
Hangzhou Penguin Technology is a funded company, having raised a total of $14.4M across 3 funding rounds to date.
What does Hangzhou Penguin Technology do?
Founded in 2017 and based in Hangzhou, China, Hangzhou Penguin Technology operates in the self-service laundry sector. IoT-based systems are utilized to offer intelligent washing equipment, backend management platforms, and mobile applications for geo-location, booking, and payments. Laundries are established through partnerships with local vendors to support service delivery.
Who are the top competitors of Hangzhou Penguin Technology?
Hangzhou Penguin Technology's top competitors include Cents, CleanCloud and WeWash.