Oasis Capital angel-round portfolio company Miaoxiang Technology closes Pre-A round | Oasis Vitality

Miaoxiang Technology, a prefabricated interior decoration software provider, has recently completed its Pre-A funding round. Hillhouse led this round, with existing investor Oasis Capital following on. The amount raised is in the tens of millions of RMB. Oasis Capital was the sole investor in Miaoxiang's angel round in May 2020.

Founded in April 2020, Miaoxiang is one of the first domestic technology service providers to offer an end-to-end prefabricated decoration workflow. It operates the industry's first full-link service platform integrating product sales enablement, smart manufacturing, and on-site delivery — spanning online design, automated bill-of-materials generation, rendering, one-click work dispatch, project control, and cross-team collaboration.

For years, the traditional renovation industry has been searching for a breakthrough to drive deep transformation through technology. Prefabricated decoration emerged as that answer. Compared to conventional construction methods, it achieves standardized service delivery through material and process innovation, which in turn enables scale.

Founder Zhenxing Heng said the new funding will primarily go toward product R&D and iteration, market expansion, and talent recruitment. Prefabricated decoration is now at a critical inflection point of rapid adoption — products are maturing, use cases in apartments, hotels, and residential projects have been validated, and players across the industry are converging on this track. He hopes Miaoxiang can fulfill its role as a software provider amid this industrial transformation, working with partners to advance the industry.

Oasis Capital is a new-generation Chinese venture capital firm dedicated to identifying the most vital entrepreneurs of the coming decade and growing alongside them to create long-term value. "Championing Vitality" is Oasis's vision and mission. This vitality represents both the direction of structural change in the era and the resilience and evolutionary drive of entrepreneurs. Oasis focuses on early and growth-stage investments, writing checks from $3 million to $30 million, with emphasis on technology-enabled services in education, healthcare, and enterprise software — supporting China's new wave of technology-driven service upgrades.