Chinese Intelligent Commercial Kitchen Platform Chu Xin Raises $36M Series B Round

Chu Xin, a Chinese intelligent commercial kitchen platform, has raised RMB230 million (US$35.82 million) in a series B round of financing led by the country’s venture capital firm Lan Fund.

Qian Jiawei, former COO of Meituan, and Hejun Capital also participated in this round.

Proceeds of this round will be used to sales channel expansion.

Chu Xin was founded in 2016 to focus on the intelligence of the kitchen, and is dedicated to building a clean and hygienic kitchen brand for the restaurant chain.The intelligent dishwasher can complete the cleaning, disinfection and drying process in one minute.

Chu Xin’s core business currently covers more than 75 cities across the country, serving a total of more than 3,000 catering brands

Chu Xin previously raised nearly RMB100 million (US$14 million) from Source Code Capital and Zhen Fund in a series A financing in June 2018.

(This article is translated from 36Kr. You can see the original article in Chinese here.)

China Expert network
 

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