Misspao lands funding to spread mini-gymnasiums to more communities, & more

Mini gymnasium rental startup Misspao receives undisclosed angel round in millions of USD


Founder: Bi Zhen

Founded in: 2017

Financing status: Angel round in 2017 amounting to tens of millions in RMB (a few million USD)

Mini-gymnasium rental startup, Misspao, received angel round funding in the millions of USD on August 8 to place its mini-gymnasiums in communities across Beijing.

As the demand for fitness grows, so too do the number of fitness clubs and in-home treadmills. Though many people recognize the importance of exercise, not all of them make it a habit–even those who already have a membership–mostly because gyms are inconveniently located. A new startup thought of an innovative way to address this problem.

Misspao is a mini-gymnasium rental startup that makes exercising convenient. Similarly to MiniKTV, it places its mini-gymnasiums in communities where users can get to them in five minutes. Its mini-gymnasium covers an area of four square meters, which can accommodate one to two users at a time. Mini-gymnasiums are equipped with a treadmill, dynamic bike, and elliptical machine–all commonly used machines in fitness clubs. Users can make an appointment to rent a mini-gymnasium through Misspao’s app, and open the door by scanning the QR code. All of its services are self-help services.

Founded in 2017 in Beijing, the founder, Bi Zhen, previously worked on China’s leading food-delivery app, Ele.me. According to Misspao, each of its mini-gymnasiums cost RMB 10,000. It charges RMB 0.2 per minute, and each of its mini-gymnasiums average five to six hours per day, so it can earn a profit in 10 months through each gymnasium.

This new financing round was from MatrixPartners China and ChinaEquity Group. The capital will be used to recruit more employees for offline promotion of its mini-gymnasiums; it aims to cover 1000 communities in Beijing by the end of this year.

Network information security services provider Secpoint received USD 6.7 M in financing

Photo from 58pic.com


Founder: Xu Xin

Founded in: 2016

Financing status: RMB 45 million (USD 6.7 million) in financing in 2017

Network information security services provider, Secpoint, received USD 6.7 M in financing on August 7 to invest in market expansion plans.

Secpoint is a network information security services provider that mainly helps enterprise users reduce continuous or significant loss caused by network security risks. Its enterprise users are mainly involved in electric power, the nuclear industry, military research institutes, the petrochemical industry, coal mining, and advanced manufacturing.

Founded in 2016 in Beijing, it now has subsidiary branches in Shanghai, Tianjin, and Liaoning. Already, more than 10 large customers have integrated its network information security services, including National Nuclear Security Technology Center, China National Chemical Corporation, and State Grid Corporation of China. The average per customer transaction with these huge clients ranges from RMB 500,000 to RMB two million.

This financing round was from Jiuli Group. Secpoint plans to use the funds to invest in the research and development of new technologies to support its one-stop network information security services, and launch market expansion plans for more customers.

(Top photo from Misspao.com)

Kaikai Shi

Kaikai Shi writes for us. He holds a bachelor's degree in Biotechnology at Zhejiang University. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.

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