ZhengZhi TCM Technology raises millions of yuan in Angel round

ZhengZhi TCM Technology has completed an angel round of financing, bagging millions of yuan. The leading investor for this round was IStart VC. Founder Li Zhifeng said that proceeds from the fresh funding will be mainly used for product development and sales channel construction.

ZhengZhi TCM Technology has completed an angel round of financing, bagging millions of yuan. The leading investor for this round was IStart VC.

Founder Li Zhifeng said that proceeds from the fresh funding will be mainly used for product development and sales channel construction.

Established in 2018, ZhengZhi TCM Technology is a developer and researcher of traditional Chinese medicine (TCM) targeting young individuals.

The company is engaged in the development of TCM that integrates traditional Chinese medicine recipes with better fragrance, taste and less effect on the skin, providing young patients with an alternative in medical treatments.

Kong Huawei, a partner of IStart VC, said that Chinese medicine has a very long history, and the development of technology has brought a lot of room for imagination.

Technology has changed the way of the supply chain, new technology has brought about product innovation; and combined with the new marketing model under the Internet, this traditional industry has the opportunity to achieve rapid growth of ten times or even one hundred times.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/03/zhengzhi-tcm-technology-raises-millions-of-yuan-in-angel-round/.

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