YunSpace

About YunSpace

YunSpace, operating under its parent company Shanghai Xingqi Network Technology Co., Ltd., was established in 2011 and is headquartered in Shanghai, China. The company positions itself within the corporate events market, functioning as an online booking platform for a wide array of event venues. Its founder, Rain Huan, launched the venture to address the needs of corporate clients seeking spaces for various functions.

The company's core business revolves around a digital platform that enables corporate users to find and book venues. The inventory includes diverse options such as conference halls, theaters, high-end clubs, and even cruise boats, catering to different types of corporate events. Beyond simple venue booking, YunSpace extends its offerings to include ancillary services that support event organization, such as catering and guided tours. This business model generates revenue by facilitating these bookings and providing value-added services, effectively operating as a comprehensive solution for corporate event planners. The service had a presence across 14 cities in China.

From a financial perspective, YunSpace has navigated several funding stages to fuel its growth. The company has secured a total of $16.6 million over three funding rounds. Its journey began with an initial funding round on January 31, 2013. A significant milestone was achieved on February 1, 2018, when it raised $15 million in a Series B round. This round saw participation from investors including Zhiying Capital, HMC Ventures, Fangyi Equity Investment Fund, and CHMS, indicating a degree of investor confidence in its market position and growth potential.