About TOWNEW
TOWNEW is a company based in Shanghai (China) founded in 2014. TOWNEW has raised $1.54 million across 2 funding rounds from investors including JD.com, Intretech and Dingxiang Capital. TOWNEW operates in a competitive market with competitors including Smartowner and tao-teng, among others.
- Headquarter Shanghai, China
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Sectors
Environment
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Phone
Locked
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Website
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$1.54 M (USD)
in 2 rounds
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Latest Funding Round
$1.54 M (USD), Series A
Jan 11, 2021
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Investors
JD.com
& 2 more
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Employee Count
Not available
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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.
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 |
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Automotive electronics are manufactured and supplied by the conglomerate.
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Multi-category consumer products are retailed online by JD.com.
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Investor details for TOWNEW
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Investments & Acquisitions by TOWNEW
Investment portfolio details for TOWNEW
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Financial Statements - TOWNEW
Detailed financials for TOWNEW
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Townew Comparisons
Peer comparison for TOWNEW
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Competitors of TOWNEW
TOWNEW 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 Smartowner and tao-teng, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Produces sensor-activated trash bins for home and office use, focusing on touch-free hygiene.
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Develops innovative technologies for smart trash can solutions.
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Detailed competitors of TOWNEW
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Latest news on 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.