Lingmao SCM

About Lingmao SCM

Lingmao SCM, a product of Hangzhou Youfan Information Technology Co., Ltd., which was established on March 2, 2016, operates as a developer of a supply chain Software-as-a-Service (SaaS) platform tailored for the clothing and textile industry. The company provides a comprehensive suite of services that span the entire production cycle, from initial planning, design, and research to materials procurement and supplier coordination for mass production.

The core of the business is the Lingmao SCM system, a platform designed to create a collaborative network that links and coordinates internal and external business operations. This system aims to build a more intelligent and responsive supply chain driven by customer and product data. It connects various stages of the apparel production process, including planning, design, sampling, reviewing, materials, ordering, purchasing, manufacturing, and financials, onto a single platform. This integration breaks down information silos, enabling real-time sharing of information and status updates throughout the entire process. The product lineup includes Lingmao SCM, Lingmou DI (Data Intelligence), Lingmao Small Work Order, and the Lingmao APP.

The company's business model is centered on providing its SaaS product to textile and apparel enterprises. Lingmao SCM has secured significant funding to fuel its growth, including a Pre-A round in January 2021, a Series A round of nearly 100 million yuan in August 2021 co-led by GGV Capital and Yunqi Partners, and a Series A+ round of $30 million in January 2022. These funds have been allocated towards product development, market channel expansion, and team building.

The platform's open architecture is a key feature, with an Open Platform and API that allows for integration with third-party applications and service providers, fostering a digital ecosystem. This approach is intended to empower businesses by creating a visualized, perceptible, and controllable smart supply chain network. As of August 2021, the company had served over 800 brands.