HOTSPOT closes Series B financing round, raises tens of millions of yuan

Catering service brand HOTSPOT announced the completion of a Series B round of financing, raising tens of millions of yuan. The investment was led by Xiang He Capital, and Skillnet Investment served as the sole financial advisor.

Catering service brand HOTSPOT announced the completion of a Series B round of financing, raising tens of millions of yuan. The investment was led by Xiang He Capital, and Skillnet Investment served as the sole financial advisor.

Prior to this, HOTSPOT has completed the Series A round of financing led by Hongzhang Fund and the Pre-A round of financing led by Ants VC. Proceeds from the fresh round will mainly be used for business development, information construction, and talent introduction.

HOTSPOT was established in March 2010 to provide enterprises and industrial park clients with one-stop, customized supporting catering and comprehensive service solutions. The service content covers canteen planning and design, operation services, smart canteen solutions, food safety, and food supply chain management.

The company hopes to help clients improve the dining experience and improve operational efficiency through innovations in informationization, intelligence, space design, and diversified consumption scenarios.

At present, HOTSPOT’s clients cover large manufacturing companies, foreign-funded companies, Internet and technology companies, industrial parks and office buildings, government agencies, universities, hospitals, and community canteens. It has provided catering services for more than 100 million people.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/10/hotspot-closes-series-b-financing-round-raises-tens-of-millions-of-yuan/.

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