麦麦养老 provides integrated hardware, software and algorithm-driven smart care solutions aimed at addressing staffing shortages, reducing care risk and improving care efficiency and family trust. Its products and core algorithms have secured more than 20 national technology patents and carry EU CE and RoHS certifications. The company established wholly owned subsidiaries in Beijing and Shanghai in 2015 and has formed strategic partnerships with over 30 domestic and international eldercare firms, including Vanke, Fosun and Allianz. It claims the top share in the mid-to-high-end eldercare market and serves cities such as Beijing, Shanghai, Guangzhou, Chengdu, Tianjin, Ningbo, Shijiazhuang, Kunming and Guiyang. Financially, 麦麦养老 completed a RMB30 million Series A round led by China Merchants Venture Capital. The company plans to expand hiring, set up a Guangzhou subsidiary and accelerate R&D of community and home eldercare products to address rapidly growing market demand.

Total raised

$5M

Funding rounds

1

Latest round

Series A

Latest activity

Jan 2021