About Suhehui
Suhehui, an accelerator and incubator program founded in 2012, is based in Shanghai, China. With a presence in 1 country, it has supported around 26 startups in sectors like Consumer, Retail. Most notable companies in
its portfolio include Palfish, MikeCRM and Flower Plus. The program is backed by a team of 3 people who primarily support Seed startups based in China. Its latest investment was a Undisclosed Series B round in Palfish on Sep 12, 2018.
Suhehui's List of Top Investments
Suhehui has a portfolio of 26 companies. Their most notable investments include Palfish and MikeCRM.Their portfolio spans across and China. They have invested in Consumer, Retail, Enterprise Applications and 12 other sectors, across stages such as Seed, Angel and 1 more. Here is the list of top investments by Suhehui:
1. Palfish
Palfish offers English learning courses for children. Provides one-on-one live classes and AR effects based interactive courseware including picture books, reading assignments, etc. Utilizes an AI engine to teach correct pronunciation. Caters to children aged 5-12.
Key facts about Palfish
- Founded Year: 2015
- Location: Chaoyang (China)
- Stage: Series C
- Total Funding till date: $125M
- Employee Count: 1,169 as on May 31, 2026
- Investors: Bertelsmann Investments, JAFCO Asia and 7 Others
- Latest Funding Round: Series C, Aug 17, 2020, $*****
- Highlight: Editors' Pick
2. MikeCRM
Provider of integrated data collection and marketing platform. This platform offers tools for creating forms, managing customer contacts, sending emails and text messages, building membership systems, and running online stores with integrated payment solutions. It caters to various industries, including training institutions, colleges, schools, human resources departments, and healthcare organizations. The platform emphasizes efficient data collection, customer relationship management, and targeted marketing capabilities. It includes features such as membership management, online payment processing, and robust messaging tools for effective communication. A private platform option is also available for enterprise users.
Key facts about MikeCRM
- Founded Year: 2012
- Location: Chengdu (China)
- Stage: Series A
- Total Funding till date: $4M
- Investors: Sequoia Capital, Suhehui and 1 Other
- Latest Funding Round: Series A, Mar 02, 2015, $*****
3. Flower Plus
Flower Plus offers a weekly subscription service for fresh flowers. Flowers are priced at RMB 98($15). Operates in Beijing, Shanghai, Guangzhou and Chengdu. Ties up with various logistics companies for last-mile delivery. Raised seed funding from Telescope Investment and DT Capital in Jan 2016
Key facts about Flower Plus
- Founded Year: 2013
- Location: Shanghai (China)
- Stage: Series B
- Total Funding till date: $14.9M
- Investors: Shanghai Guosheng Group, Vision Plus Capital and 12 Others
- Latest Funding Round: Series B, Oct 21, 2019, $*****
- Highlight: Editors' Pick
4. Xiaochong
Xiaochong is a consumer loans platform focusing on young people aged 18 to 35 years (blue/white collar workers) and offering loan products for financing purchases, and ultra short term loans. Apart from loan products and credit technology, the company is shifting its focus to post-lending and enterprise data services like collection related services, precision marketing, NPAs, and credit counselling among others.
Key facts about Xiaochong
5. Qiyewan
Qiyewan offers on demand legal services for businesses and individuals. Helps businesses in trademark registration, company registrations, tax filings, Shareholding changes, Chartered accounting services and legal representation in company hearings. Users can book the services online. The company is established by Harvard alumni and has over 150 employees serving more than 3000 clients as of Feb 2017. Has established service centers in eight cities in Beijing, Shanghai, Shenzhen, Nanjing, Suzhou, Chengdu, Zhenjiang and Hefei.
Key facts about Qiyewan
- Founded Year: 2015
- Location: Shanghai (China)
- Stage: Series A
- Total Funding till date: $1.58M
- Investors: Peeli Ventures, Suhehui and 2 Others
- Latest Funding Round: Series A, Jan 31, 2018, $*****
Suhehui's Year-on-Year Investment Trends
Suhehui has invested in 26 companies over the last 14 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Palfish and most recent follow-on round was in The Ref Book.Suhehui's Investments by Stage
Suhehui has made 12 investments in Seed stage with an average round size of $1.61M, 8 investments in Angel stage with an average round size of $900K and 1 investment in Series B stage.Stage of entry | No. of Investments |
|---|---|
Seed | 12 |
Angel | 8 |
Series B | 1 |
Note: We have considered here, only first round of investments
Suhehui's Investments by Sector
Suhehui has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, Food and Agriculture Tech and EdTech. Notably, it has invested in 19 Tech companies, 18 Consumer (B2C) companies, 9 Enterprise (B2B) companies and at least 7 companies focusing on Marketplace.Sector | No. of Investments |
|---|---|
Consumer | 12 |
Enterprise Applications | 5 |
Retail | 5 |
Food and Agriculture Tech | 3 |
EdTech | 2 |
Others | 14 |
Note: We have considered here, only first round of investments
Suhehui's Investments by Geography
Suhehui has made most investments in China (21).Suhehui's recent investments
Suhehui has not made any investment in 2026 so far.Here are the most recent investments by Suhehui:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 12, 2018 | China | Series B | 8348 | - | |
Aug 27, 2018 | China | Seed | 7149 | - | |
Jun 30, 2017 | China | Seed | 7212 | [+1] | |
Feb 07, 2017 | China | Seed | 4340 | ||
Aug 2016 | China | Angel | 2106 | - |
Team profile of Suhehui
Suhehui has a team of 3 members including 2 Partners and 1 Principal located in China. Suhehui's team does not sit on the board of any company as of now.Here is a list of all team members in Suhehui:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | China | - | - | |
Partner | - | - | - | |
Principal | Chengdu | - | - |
Co-investors of Suhehui
Over the past 14 years, 16 investors have co-invested in Suhehui's portfolio companies. This includes only funds.
- Invested before Suhehui: Whale Capital and SIG China have invested in rounds before Suhehui. There is 1 company where Whale Capital has invested before Suhehui and 1 company where SIG China has invested before Suhehui.
- Top Co-investors of Suhehui: 5 investors entered a company along with Suhehui. These include investors like Tian Ge (1 company).
- Invested after Suhehui: A total of 9 investors have invested in Suhehui's portfolio after their investments. Top Investors include Meituan (1 company) and FutureX Capital (1 company).
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