Meican is a Chinese catering technology startup. The company completed a Series E2 financing, announced in a company statement on Thursday. The round totaled over $157 million. The financing was provided exclusively by existing investor Sodexo. The article does not disclose the use of proceeds, valuation, operating metrics, or prior rounds. No additional financial or strategic details were reported in the statement covered by the article. Meican is a Chinese catering technology solutions provider that builds technology solutions for the catering industry. The company focuses on offering software and technology services to catering businesses. According to the article, Meican has completed a significant funding round, signaling investor interest. Meican raised $100 million in a Series E round of financing. The round was provided by Centurium Capital, a private equity investment manager. The article does not disclose operating metrics, valuation, or the intended use of proceeds. Meican (meican.com) is an enterprise meal-ordering platform founded in 2011 that serves thousands of corporate clients and their employees. Its product offers online ordering, business meal services and team buffet solutions, and it currently covers major cities including Beijing, Shanghai, Guangzhou, Shenzhen and Chengdu. The company says annual transaction volume has reached several hundred million RMB, revenue grew over 800% year-over-year, and its commission rate exceeds 10%, giving it a leading market share in the corporate consumption segment. Meican was co-founded by Zhao Xiao and Xu Yang; Zhao Xiao serves as CEO. After taking a strategic investment from Dianping, Meican plans to accelerate city coverage and expand the number of serviced enterprises to build an "eat-drink-play" integrated services platform for corporate customers. Meican.com operates an online food-ordering website listing nearly 30,000 restaurants across Beijing, Shanghai, Guangzhou and Shenzhen. The company is led by CEO Zhao Xiao with co-founder Xu Yang and team members Ren Zili and Hu Guowu. It closed a $10M Series B financing led by Nokia Growth Partners with participation from previous investor Kleiner Perkins Caufield & Byers. In conjunction with the round, David Tang of NGP will join Meican.com's board of directors. Meican.com intends to use the funds to recruit staff, improve products and add merchants. The company had previously raised a Series A from Kleiner Perkins and an angel investment from Xu Xiaoping’s ZhenFund.

Total raised

$133M

Funding rounds

4

Latest round

Series E

Latest activity

Nov 2021