Hand Hitech completed round B and B+ rounds of financing over 100 million yuan

Matrix Partners China led the B round investment, with participation from 01VC, while Phoenix Tree Capital Partners led the B+ round investment.

Recently, Shenzhen Hand Hitech, an in-vehicle intelligent weighing management system developer, completed round B and B+ rounds of financing of more than 100 million yuan.

Matrix Partners China led the B round investment, with participation from 01VC, while Phoenix Tree Capital Partners led the B+ round investment. Existing shareholders FreeS Fund, QianHai FoFs and Eastern Bell Capital Ventures also participated.

The company will use the money to expand its team and use cases. Since 2020, Hand Hitech has completed four rounds of financing, with a cumulative amount of more than 200 million yuan.

In 2020, when there were black swans, many companies have delayed resumption of work and the market has changed abruptly. Hand Hitech can still raise funds against this background, which also reflects the hard-core strengths of this company.

Hand Hitech, established in 2015, is a high-tech enterprise dedicated to building an intelligent, efficient and convenient in-vehicle intelligent weighing SaaS platform, headquartered in Shenzhen.

Since 2012, Hand Hitech CEO Miao Shaoguang and his team members have identified the future development prospects of this sector and conducted in-depth research.

Hand Hitech has strong competitiveness in the vertical sector of in-vehicle intelligent weighing and has become an industry leader. During the epidemic, the company completed tens of millions of financing and doubled its performance.

At present, Hand Hitech’s platform has covered more than 60,000 vehicles. With the continuous expansion of the database, the error rate can be controlled within 2%.

Miao said that it is expected to reach more core customers and industry leaders in 2021.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2021/02/27/hand-hitech-completed-round-b-and-b-rounds-of-financing-over-100-million-yuan/.

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