15 SaaS Startups in China

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in China. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 15 VC funded SaaS startups in China .

Ant Workshop

An e-commerce platform called Ant Works combines supply chain services, the Internet, and items for industrial automation. The core body of the project is "industrial cloud components + Internet + supply chain SAAS services," which intends to create a new industrial product marketing approach. a platform that combines online and physical services, transactions, and support. High cost performance, authentic assurance, quick shipment, free 3D download, and other features are among its features. Customers may conveniently find and buy relevant items thanks to a variety of product categories and an enough supply.

Company details:
Founders:
Maolin Cai
Founded:
2017
Based in:
Shenzhen, Guangdong, China
Website:
Ant Workshop
Industries:
E-Commerce, E-Commerce Platforms, Industrial, Industrial Automation, SaaS
Latest funding:
$15,679,879
Series B
9 December 2021
Total funding:
$15,679,880
Investors
Shunwei Capital, Dragonrise Capital, Taichi Capital

Authing

A cloud-based identification platform for developers and businesses is run by Authing. Plug & Play Ventures, YC China, and China Growth Capital provided the funding. Authing has developed into the market's top innovator in China for SaaS.

Company details:
Founders:
Yang Xie
Founded:
2019
Based in:
Changyang, Beijing, China
Website:
Authing
Industries:
Cloud Computing, Information Technology, SaaS
Latest funding:
$23,000,000
Series A
23 October 2021
Total funding:
$29,230,000
Investors
Tiger Global Management, GGV Capital, MiraclePlus, CDH Investments, China Growth Capital | CGC

Black Lake Technologies

With the use of mobile, IoT, and web-based collaboration platforms that collect, display, monitor, and analyze real-time production data, Black Lake Technologies, a rapidly expanding and venture-backed business, is changing manufacturing organizations. We make it simple for manufacturing employees, from top management to assembly line workers, to communicate, analyze data, draw conclusions, and act right away. The company's clients, whose output Black Lake facilitates, range from medium-sized businesses to Fortune 500 giants. GSR, BAI, GGV, ZhenFund, China Growth Capital, and IDG are some of its investors; to far, more than CNY 100 million has been raised.

Company details:
Founders:
Yuxiang Zhou
Founded:
2016
Based in:
Shanghai, Shanghai, China
Industries:
Analytics, Manufacturing, SaaS, Software
Latest funding:
$77,345,502
Series C
22 February 2021
Total funding:
$112,345,502
Investors
Temasek Holdings, GSR Ventures, GGV Capital, BAI capital, IDG Capital

Coffee Exchange

The shadowy coffee industry is brought to light by Coffee Exchange. Our goal is to offer a free market, business-to-business (B2B), digital platform for trading coffee where participants can make purchasing and selling decisions based on contemporaneous, accurate information. Coffee Exchange uses technology to simplify the exchange of green coffee from the farm gate to the consumer's smartphone. For all of the above coffees, CEx offers appraisal of the coffee, logistics, customs clearance, quality checks, marketing support, and final delivery. By streamlining and condensing the supply chain, the Coffee Exchange market enhances the price paid to coffee growers and lowers the cost to coffee roasters. With the help of our technology, complex problems like order consolidation, freight tracking, sample management, quality control, data analytics, and the distribution of advertising and marketing materials may be solved. More than 1100 coffee roasters in China participate in Coffee Exchange's active trade relationships with a few key coffee growers in Ethiopia, Rwanda, Ecuador, Colombia, Guatemala, and El Salvador. Our platform is now being tested in the USA, and it will soon be made available in the UK and South Korea.

Company details:
Founders:
Lewis Harding
Founded:
2018
Based in:
Shanghai, Shanghai, China
Industries:
AgTech, B2B, Coffee, E-Commerce Platforms, Marketplace, SaaS
Latest funding:
$580,000
Seed
1 November 2021
Total funding:
$1,260,000
Investors
Artesian VC, SOSV, Chinaccelerator

Cool Academy

For corporate and employee training services, Cool College is a SaaS enterprise intelligent & digital management learning platform.

Company details:
Founders:
Junwu Hua
Founded:
2017
Based in:
Beijing, Beijing, China
Website:
Cool Academy
Industries:
Corporate Training, Employment, SaaS, Software, Training
Latest funding:
$18,904,463
Series B
9 March 2021
Total funding:
$33,881,922
Investors
Source Code Capital, Cathay Capital, Yunqi Partners, Beyondsoft Corp, Huagai Capital

Joyowo.com

A platform for online human resources services is called Joyowo.com. The business offers complete social insurance services to businesses, including online establishment of social insurance and provident fund accounts, online payments for social insurance, tracking, inquiries, transfers, consulting, and more.

Company details:
Founders:
Guo Wei
Founded:
2014
Based in:
Hangzhou, Zhejiang, China
Website:
Joyowo.com
Industries:
Business Development, Customer Service, Human Resources, SaaS
Latest funding:
$26,592,832
Series C
8 November 2021
Total funding:
$53,231,927
Investors
Sequoia Capital China, Meridian Capital, Greenwoods Asset Management, Tsing Ventures, Qingkong Ginkgo

Moka

Moka is a SaaS application that aids businesses in streamlining their hiring processes and locating the best employees for their operations. MokaHR uses machine learning algorithms and resume analysis approaches to compile and evaluate the features of a huge number of job seekers' resumes. MokaHR learns a large number of firms' hiring behavior data through the local semantic analysis and pattern matching of crucial information in resumes, and conducts big data analysis. Statistics and analysis are used by businesses to better understand market trends, find the best applicants, and hire important personnel who can provide direction, improve the accuracy of data analysis, and create data network effects.

Company details:
Founders:
Guoxing Li, Orion Zhao
Founded:
2015
Based in:
Haidian, Beijing, China
Website:
Moka
Industries:
Artificial Intelligence, Human Resources, Information Technology, Machine Learning, SaaS, Staffing Agency
Latest funding:
$100,000,000
Series C
1 November 2021
Total funding:
$144,251,454
Investors
Tiger Global Management, GSR Ventures, GGV Capital, Hillhouse Capital Group, GL Ventures

Odianyun

On Haiou Electric Cloud Information Technology Co., Ltd., often known as "European cloud," the top cross-platform cloud services and solutions provider for e-commerce systems. The company's primary areas of interest include research and development (R&D) and the management of large-scale e-commerce systems, including back-end supply chains, e-commerce websites, and omnichannels including PC, cellular, and physical shops. It creates premium O2O, B2C, and B2B smart electronics based on the SaaS cloud service model business platform, with sophisticated Internet e-commerce concept, to offer the best strategic consulting services to assist transform the established industry and usher in the "Internet Plus" age. European Cloud was founded on March 3 of 2015 and received the "2015 Shanghai Pudong New Area e-commerce innovation pilot firms" award in July of that same year. They adhere to the tenet "Let the world focus on business and no longer worry about electronics," with the main concepts of "producing social value" and "sharing, ultimate, and execution." They adhere to the "First Spirit" idea and place a high value on goods and services. The entire team is motivated and effective, moving quickly and firmly in the direction of well-defined goals.

Company details:
Founders:
Jun Han
Founded:
2015
Based in:
Shanghai, Shanghai, China
Website:
Odianyun
Industries:
E-Commerce, E-Commerce Platforms, SaaS
Latest funding:
$15,630,617
Series C
1 November 2021
Total funding:
$15,630,617
Investors
Haibang Capital

Qingflow

Qingflow is a software-as-a-service platform that enables users to create management systems. Qingflow is located in Minhang District, Shanghai.

Company details:
Founders:
Tingting Li, Zhiyuan Bo
Founded:
2015
Based in:
Minhang, Shanghai, China
Website:
Qingflow
Industries:
Information Technology, SaaS, Software
Latest funding:
$11,750,329
Series B
19 October 2021
Total funding:
$11,750,329
Investors
Qiming Venture Partners

Qingteng Cloud Security

With server security at its core, Qingteng cloud security builds a security situation awareness platform based on workload, integrating prediction, prevention, detection, and response capabilities into one. This platform offers users sustained security monitoring, analysis, and rapid response capabilities, assisting users in realizing the unified strategy management of security, effectively predicting risks, and accurately perceiving the threats.

Company details:
Founders:
Zhang Fu
Founded:
2014
Based in:
Beijing, Beijing, China
Industries:
Education, Finance, Government, Information Technology, Internet, SaaS, Software, Telecommunications
Latest funding:
$93,788,101
Series C
7 June 2021
Total funding:
$178,558,101
Investors
GGV Capital, Sequoia Capital China, Redpoint, Zoo Capital, CBC Capital

Tezign

Tezign is the fast-growing tech startup in China. With the vision Technology Empowers Imagination, Tezign aims to build the digital infrastructure of content experience. Tezign helps medium to large enterprises to achieve one-stop content creation, management, generation and optimization with advanced AI and data intelligence technology.Tezign is also the first Chinese mainland technology company to systematically launch Digital Asset Management (DAM) solutions. Tezign has partnered with over 8000 of brands in different industries such as Alibaba, ByteDance, Unilever, Shiseido, Bayer, Budweiser, Ant Financial, Ping An, Nestle, Tencent, Loreal etc. Tezign is backed by world recognized investors including Temasek, Sequoia Capital, Hearst Ventures, Linear Capital, among others. Tezign has been a unicorn in ConTech industry. In 2017, Tezign and Tongji University jointly founded the Design A.I. Laboratory and graduate program for applied research to bring machine learning and A.I. technology to content creation and experience design. Tezign was awarded as TOP.1 in China in the list of The Information 50 startups, Fast Company top 50 of China's best innovative companies, and Forbes High Growth Gazelle.

Company details:
Founders:
Daisy Guo, Ling Fan, Zhe Wang
Founded:
2015
Based in:
Shanghai, Shanghai, China
Website:
Tezign
Industries:
Animation, Content Marketing, Graphic Design, Marketing, SaaS, Software
Latest funding:
$40,000,000
Series D
25 October 2021
Total funding:
$151,100,000
Investors
Temasek Holdings, Sequoia Capital China, Hearst Ventures, SBCVC, Cherubic Ventures

Wangdiantong

An enterprise-level e-commerce ERP, Wangdiantong ERP supports Taobao, Tmall, Jingdong, Amazon, Dangdang, No. 1 Shop, Alibaba, and many more platforms. It also supports multiple warehouses, online storefronts, and cashiers in physical stores. The management of commodities, inventories, orders, purchases, sales afterward, accounts, analytics, CRM, and other comprehensive features.

Company details:
Founders:
Bin Xiao
Founded:
2011
Based in:
Beijing, Beijing, China
Website:
Wangdiantong
Industries:
E-Commerce, Enterprise Resource Planning (ERP), SaaS
Latest funding:
$312,000,000
Series D
28 October 2021
Total funding:
$449,426,302
Investors
Legend Capital, SoftBank Vision Fund, Softbank Ventures Asia, GL Ventures, GIC

Xforceplus

Software as a service solutions for business collaboration are created by Xforceplus. The company offers supply chain collaboration and invoice management software that is internet-based and cloud-based, covering supply chain settlement, real-time electronic accounts, tax reporting, tax analysis, electronic invoicing, and other related areas. This enables businesses to boost tax revenue, release capital vitality, and ensure financial security.

Company details:
Founders:
Yun Wu
Founded:
2015
Based in:
Shanghai, Shanghai, China
Website:
Xforceplus
Industries:
Cloud Computing, Enterprise Software, Information Technology, SaaS, Software
Latest funding:
$100,000,000
Series C
1 June 2021
Total funding:
$200,000,000
Investors
Temasek Holdings, Hillhouse Capital Group, Eastern Bell Capital, IDG Capital, Dragoneer Investment Group

Xiaoe Tech

A technological service company with an emphasis on modern education is called Xiaoe Tech. Its offerings range from knowledge-based paid SaaS to new education SaaS to enterprise internal training, PaaS cloud services, content traffic distribution services, business academies, conference systems, etc. These products offer SaaS software products, distribution, consulting, and other services for various scenarios and industries. Little Goose is committed to offering tools, data, traffic, resources, skills, and other resources to content entrepreneurs as well as educational and training institutions. from traffic growth to classroom instruction, from student operations to efficiency, and from closed-loop business monetization to efficiency. Internet services

Company details:
Founders:
Xiaoxing Fan
Founded:
2015
Based in:
Shenzhen, Guangdong, China
Website:
Xiaoe Tech
Industries:
Digital Media, EdTech, Education, Marketing, SaaS, Software
Latest funding:
$120,000,000
Series D
16 June 2021
Total funding:
$148,810,107
Investors
Tencent, TAL Education Group, GGV Capital, Hillhouse Capital Group, IDG Capital

Xinren Xinshi

A system for managing human resources is Xinren Xinshi. This solution includes every module of human resources and is intended to offer effective company services. Their "Xinren Xinshi" software offers businesses a SaaS-based HR solution. More than 16000 clients use the Xinren Xinshi platform to handle their payrolls and conduct other relevant activities across the entirety of China. Xinren Xinshi offers a one-stop shop for all HR-related operations, such as personnel management, recruiting, social security, performance assessment, work attendance, and so forth, in addition to payroll services.

Company details:
Founders:
Chang Hing Lung, Chuya Rainbow, Lu Heng, Lv Shijie
Founded:
2015
Based in:
Beijing, Beijing, China
Industries:
Corporate Training, Human Resources, Internet, SaaS, Service Industry
Latest funding:
$45,107,355
Series D
23 May 2022
Total funding:
$85,117,356
Investors
Sequoia Capital, Kingdee, Raycloud, Gaocheng Capital, Alpha Startups

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