Shangyue
商越
Shangyue (商越) is a Beijing-based enterprise procurement SaaS startup founded by Miao Feng, who serves as CEO . The company targets large and mid-sized enterprises with digital procurement services, launching what it called an "intelligent procurement middle platform" in early 2019 and securing contracts with manufacturers like Ningbo Huaxiang Group and Great Wall Motor in its first months of operation .
Shangyue raised a RMB 39 million angel round in January 2019 co-led by Yinxingu Capital and Saiyi Capital, with FreeS Fund and Dingju Investment participating , followed by a RMB 58 million Pre-A round in August 2019 led by Yuanjing Capital, in which FreeS Fund continued to invest . FreeS Fund, which has listed Shangyue among its portfolio companies in multiple annual reports, described the company as part of its deep-tech investment focus .
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Coverage
Why Are Chinese and American VCs Drifting Apart? | Li Feng Column
"Shifting from Virtual to Even More Virtual" vs. "Shifting from Virtual to Real"
峰瑞资本·FreeS Fund China-US Venture Forum Session 2 is still open for registration; FreeS Fund receives multiple recognitions from Langchao New Consumption, Joy Capital, and Qiming Technology & New Voice Innovation Service
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峰瑞资本·FreeS Fund Is Hiring Investors and Interns, Wins Multiple Awards from Forbes, TMTpost, CVCRI, and ToB Industry Network | Frees Fund Vol. 6
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峰瑞资本·In Our Sixth Year, FreeS Fund Is Hiring Investors | Let's Do What's Right, Not What's Easy
Betting on the power of innovation, staying research-driven.
峰瑞资本·Our Past 100 Days: Sailing Against the Wind, Growing Toward the Sun
Venture Capital's Pandemic Fight: A Chronicle
峰瑞资本·Two joyous gatherings, spotlighted by *People's Daily* commentary, Forbes China's Best Venture Capitalist, and 50+ other awards... The past is prologue; the future holds promise.
Do what's right, not what's easy.
峰瑞资本·5 Deals, Double 11 Results Roundup, 24+ Awards... 42 Highlights and 7 Insights | FreeS Fund Blackboard · November
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峰瑞资本·Acquisitions, New Brand Entrepreneurship Courses, and More: 21 Developments and 4 Reflections | FreeS Fund Chalkboard · October
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峰瑞资本·Beauty Brands Entering China, Becoming India's Third-Largest E-Commerce Player, and Betting on Biomedical — 22 Developments and 5 Takeaways | FreeS Fund Bulletin · September
Do what's right, not what's easy.
峰瑞资本·4th Anniversary, Debut at WAIC... 16 Milestones and 6 Reflections | FreeS Fund Chalkboard · August
Do what's right, not what's easy.
峰瑞资本·Shangyue Closes RMB 58 Million Pre-A Round, Launches Intelligent Procurement SaaS | FreeS Fund Deal News
Innovation will lead enterprises into the era of intelligent procurement.
峰瑞资本·618 Sales Roundup, World's Smartest Companies... 16 Updates and 7 Insights | FreeS Fund Blackboard · June
Do what's right, not what's easy.
峰瑞资本·Landing in Shanghai, Selling 100 Million Bags in 7 Months... 7 Companies Reach New Heights, Plus 4 Awards | FreeS Fund Blackboard · May
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峰瑞资本·Youth Takes Center Stage: 18 Career Advances and 20 Awards to Share | FreeS Fund Blackboard · April
May is May — and with it, infinite possibilities.
峰瑞资本·Four Companies Close New Funding Rounds, Five Reach New Milestones, Plus Two Celebrations | FreeS Fund Monthly · March
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峰瑞资本·Bilibili Score of 9.7, PepsiCo Partnership, "Ten Thousand People Plan"... 6 Takeaways and 4 Insights | FreeS Fund Chalkboard · February
Do what's right, not what's easy.
峰瑞资本·New Zealand team-building, fundraising, new launches... Go strive, go make mistakes, go fall, go triumph in 2019 | FreeS Fund Chalkboard · January
Do what's right, not what's easy.
峰瑞资本·Shangyue Closes RMB 39 Million Angel Round | FreeS Fund Investment News
Focused on enterprise procurement digitization
峰瑞资本·
