Shunzao Technology
Ecological chain innovative company focusing on high-end smart home cleaning appliances.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
$50.0m | Series B | ||
| Total Funding | 000k | ||
Founded in 2019, Shunzao Technology is a home appliance company headquartered in Beijing, China, specializing in the manufacturing of cleaning devices. The company's core business revolves around the development and sale of handheld wireless vacuum cleaners, smart sweeping robots, and smart scrubbers for the consumer market. Shunzao operates with a direct-to-consumer model, leveraging e-commerce platforms and its own brand website, while also acting as a key cooperative enterprise for Xiaomi's Mijia line of sweeping robot and scrubber products.
The company has secured significant financial backing to fuel its growth. In September 2021, Shunzao announced the completion of a $50 million Series B financing round. This round was led by the Real Estate Industry Chain Empowerment Fund, with participation from notable investors including Xiaomi, Blue Lake Capital, and Shunwei Capital, who had also participated in a previous funding round in March 2021. These funds are earmarked for new technology development, product innovation, building out global distribution channels, and constructing fully automated factories.
Shunzao's product strategy involves creating a tiered portfolio of its own branded products at various price points, alongside its contributions to the Xiaomi Mijia ecosystem. The company has gained recognition for its product design, receiving accolades such as the Red Dot Design Award for its handheld vacuum cleaner, noted for its unique wine bottle-inspired aesthetics and energy efficiency. Its products, like the Z15 handheld vacuum, are engineered with features such as high-efficiency brushless motors, advanced noise reduction, and multi-layer filtration systems. The company holds numerous patents for its technologies.
From a market perspective, Shunzao is actively expanding its global footprint. While establishing a strong presence in its domestic market, it has also deployed its products in countries such as Germany, Russia, Japan, and Singapore. Future plans include building dedicated overseas teams to localize its approach to the global market, targeting consumers across Asia, Europe, and North and South America.