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The Venture Codex

Challenjers Venture

Room 908, 9F, No.38 Xiaoyun Road, Chaoyang District, Beijing, China

Overview

Challenjers Capital invests in China, and help build iconic brands of tomorrow. They determined to invest in the start-ups, which create authentic products and services, instead of companies, which inflate their margins with marketing fees.

Total investments
2
Lead investments
1
Investments · 12mo
0
Active investors
3

Sector focus

  • Financial Services
  • Impact Investing
  • Venture Capital
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Investment portfolio

  • Laoken Medical Technology

    Participated · Series B · Jan 2024

    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.

  • Menusifu

    Led · Series B · Jul 2022

    MenuSifu builds smart-restaurant software, offering a flagship multilingual, customizable POS system that consolidates sales, inventory, labor and daily transactions. Its platform integrates mobile and online ordering (MealKeyway) and supports add-ons such as credit-card processing to create a one-stop shop experience. The company provides comprehensive operations-management tools including supply chain, staff coordination, and customer relationship management. MenuSifu uses data and operational insights to deliver actionable solutions that help restaurants manage operations and increase brand visibility. The company intends to use new funds to expand product lines, upgrade software, and further solidify its position in U.S. restaurant digitization. MenuSifu is based in New York City and closed a US$20 million Series B. Menusifu provides a cloud-based point-of-sale platform for restaurants. Its platform includes comprehensive operations management tools such as supply chain management, staff coordination, and customer relationship management. The company also assembles small restaurants into larger groups to create a restaurant and catering ecosystem. Led by co-founder and CEO Wang Qiang, Menusifu has worked with more than 2,000 restaurants across all 50 U.S. states. It maintains offices in New York, Los Angeles, San Francisco, and Atlanta and has developed major partners in Canada, Europe, and Southeast Asia. As of the article, revenue figures were not disclosed.

Team

  • Binsen Tang

    Founder & Chief Executive Officer

  • Xianlin Xie

    Founding Partner

  • Wang Zhiyong

    Investment Director