Leisure Technology Secures Nearly 200 Million Yuan in Angel Funding
Deal News | Feb 06, 2025 | Beijing Zhen Fund Management C
Leisure Technology, a company focusing on consumer-grade hardware, has announced that it has completed a significant angel funding round worth nearly 200 million yuan. This funding was orchestrated by Beijing Zhen Fund Management Co., a known entity within the venture capital landscape. The recent injection of capital pushes Leisure Technology's valuation to approximately 600 million yuan, marking a pivotal moment as the company aims to deepen its footprint in the competitive consumer hardware market.
Sectors
- Consumer Electronics
- Venture Capital
Geography
- China – The article is centered around Leisure Technology and Zhen Fund, both headquartered in China.
Industry
- Consumer Electronics – The article discusses Leisure Technology's entry into the consumer-grade hardware sector, which aligns with the consumer electronics industry.
- Venture Capital – Zhen Fund's investment in Leisure Technology is a typical venture capital activity, influencing the company's valuation and market strategy.
Financials
- 200 million yuan – The amount raised by Leisure Technology in its angel funding round.
- 600 million yuan – The valuation of Leisure Technology following the recent funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Leisure Technology | Target Company | Company | The recipient of the angel funding, aiming to expand in the consumer hardware market. |
| Beijing Zhen Fund Management Co. | Investor | Company | A venture capital firm providing significant funding to Leisure Technology, facilitating its growth. |