
Laoken Medical Technology
No. 211, Gangtong North Third Road, Pidu District, Chengdu, Sichuan, China
Overview
M Stand is a newly emerged coffee chain positioned on “better coffee and more fashionable social space.” Since entering the market earlier this year, the brand has pursued aggressive physical expansion, growing store count multiple-fold at a pace of over 10 new stores in a single month. It has expanded beyond Shanghai into Hangzhou, Ningbo, Shenzhen and Guangzhou, and is targeting scenes including business, leisure, community and transport hubs. The company emphasizes a trendy brand DNA to move from a social-media “check-in” destination into mainstream consumer segments. M Stand recently completed a sizable financing round, which the company has framed as supporting its rapid roll-out and commercialization. EIKAI Capital served as the company’s chief financial advisor on the transaction.
- Total raised
- $70M
- Funding rounds
- 1
- Latest round
- Series B
- Latest activity
- Jan 2024
Industries
- Biotechnology
- Health Care
- Medical Device
Recent funding
Series B
Jan 2024
$70M
Team
Xia Liu
CEO
Jun Liu
Vice-general manager
Changju Cai
Secretary of the board
Delian Zhang
CFO