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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
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Recent funding

  1. Series B

    Jan 2024

    $70M

Team

  • Xia Liu

    CEO

  • Jun Liu

    Vice-general manager

  • Changju Cai

    Secretary of the board

  • Delian Zhang

    CFO