About TOWNEW
TOWNEW is an Environment company based in Shanghai (China) founded in 2014. It operates as a smart trash bins with sensing technology are offered by TOWNEW. TOWNEW has raised $1.54 million across 2 funding rounds from investors including JD.com, Intretech and Dingxiang Capital. Its focus areas include Environment Tech, Solid Waste Management Tech, Collection and Smart Bins. Its competitors include Smartowner and tao-teng.
Company details
TOWNEW was founded in 2014 in Shanghai, China, as an internet-first brand in the consumer goods sector focused on smart home appliances. Trash bins equipped with infrared automatic sensing and thermoplastic sealing technology are produced, enabling detection of garbage levels and automatic bag sealing when full. A buzzer is included to alert users for timely bag removal. Operations center on direct-to-consumer sales through the companys domain.
- Headquarters Shanghai, China
- SectorsEnvironment
- Phone•••• ••••
- Website townew.com
- Total Equity Funding$1.54M (USD)
in 2 rounds
- Latest Funding Round$1.54M (USD), Series A
Jan 2021
- InvestorsJD.com
& 2 more
Funding Insights of TOWNEW
TOWNEW has successfully raised a total of $1.54M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.54 million completed in January 2021. 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 $1.54M
- Total Rounds 2
- Last Round Series A — $1.54M
- Investors Count 3
All 2 funding rounds of TOWNEW 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 |
|---|---|---|---|---|---|
| Jan 2021 | $1.54M | Series A | – | Intretech | – |
| Jun 2018 | – | Seed | – | – |
3 investors in total: 3 institutional.
Investors in TOWNEW
TOWNEW has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include JD.com, Intretech and Dingxiang Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | dxtechnology.cn | - | |
Automotive electronics are manufactured and supplied by the conglomerate. | 2011 | intretech.com | Xiamen, China | |
Multi-category consumer products are retailed online by JD.com. | 1998 | jd.com | Beijing, China |
Investor details for TOWNEW
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Timeline of TOWNEW
3 dated milestones of TOWNEW across 7 years, from founding to its latest funding, stage changes and deals.
- Founded TOWNEW is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $1.5M.
Competitors of TOWNEW
TOWNEW has 2 listed competitors in our database. They include Smartowner and tao-teng, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| smartownercn.com | 2019 | Ningbo, China | – | – | Produces sensor-activated trash bins for home and office use, focusing on touch-free hygiene. | |
| tao-teng.com | 2022 | Suqian, China | – | – | Develops innovative technologies for smart trash can solutions. |
Detailed competitors of TOWNEW
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Top companies in Waste & Water Management Systems
10 companies that operate in the same segment as TOWNEW (Waste & Water Management Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Wastewater and energy management services are provided internationally. | 1853 | Aubervilliers, Seine-saint-denis, France | – | USD 52.17 B | 215,040 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Waste collection and management services are provided nationwide. | 1968 | Houston, Texas, United States | – | USD 25.2 B | 61,700 | |
Integrated waste management services are provided nationwide. | 1998 | Phoenix, Arizona, United States | – | USD 16.59 B | 42,000 | |
Provider of smart water purifier rental and maintenance services | 2016 | Bengaluru, Karnataka, India | USD 19.29 M | USD 3.62 M | – | |
Sensor-based sorting and recycling solutions are provided for multiple industries. | 1972 | Asker, Viken, Norway | – | USD 1.53 B | 4,950 | |
Smart water dispensers with flavored options are provided for offices. | 2013 | Boston, Massachusetts, United States | USD 135.53 M | – | 102 | |
Surplus goods are shared among neighbors through a mobile app. | 2015 | London, England, United Kingdom | USD 51.2 M | – | – | |
Water and waste treatment services are provided worldwide. | 1966 | London, England, United Kingdom | – | USD 4.18 B | 9,750 |
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Related news about Townew
Complete news archive for TOWNEW
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Frequently Asked Questions about TOWNEW
TOWNEW was founded in 2014 and raised its 1st funding round 4 years after it was founded.
TOWNEW is headquartered in Shanghai, China.
TOWNEW is a funded company, having raised a total of $1.54M across 2 funding rounds to date.
TOWNEW was founded in 2014 in Shanghai, China, as an internet-first brand in the consumer goods sector focused on smart home appliances. Trash bins equipped with infrared automatic sensing and thermoplastic sealing technology are produced, enabling detection of garbage levels and automatic bag sealing when full. A buzzer is included to alert users for timely bag removal. Operations center on direct-to-consumer sales through the companys domain.
TOWNEW's top competitors include Smartowner and tao-teng.