Kangzhi Financing History

In December 2017, Kangzhi completed its angel round of financing with an investment of RMB 28 million, exclusively invested by Walden International. The funds were used to support the company's initial research and development and market promotion in the field of automotive integrated circuits. In November 2021, Kangzhi announced an undisclosed amount of Series A financing, with investors including INNOSPACE+, Jianyuan Fund, Hechuang Capital and BAIC Capital. In March 2022, Kangzhi received a Series B financing from Xiaomi Investment. Among them, Hubei Xiaomi Changjiang Industrial Fund Partnership holds 5.73% of the shares and is the sixth largest shareholder.