Intelligent Water Cup Cuptime won the first round investment of 5 million yuan by Angel Bay venture

The Smart Water Cup Cuptime won the first round of investment in Angel Bay venture 5 million yuan. Cuptime is the domestic intelligent hardware manufacturer of a smart water cup, the product in the last year to log the call time, and in the specified time the public raised nearly 1.4 million yuan.

The investment was completed at the beginning of this year, and after obtaining 5 million of the funding, the value of the wheat has reached 80 million yuan.

The Smart Water Cup cuptime contains three functions, namely daily water monitoring, intelligent drinking water plan and drinking water reminder. When used, Cuptime will monitor the water intake according to the built-in four sensors, determine the inverted water movement and design a reasonable drinking water plan. At the same time, the product has ended the public, will be the end of this month in Beijing east.

Li Xiaoliang told 36 Krypton that in the same period of exposure to the Mai-kai investors, there are three times times the amount of investment in the Angel Bay Venture company, but finally chose the Angel Bay.

The reason, Li Xiaoliang think there are three points. The first is that there is no disagreement between the amount of investment and the expectation of the previous one. The second is the Angel Bay and the same as the barley more pragmatic, this kind of partner identity is very rare. Finally, the efficiency of the Angel Bay is high, contact several times down both sides do not procrastinate.

Some people will ask why the smart hardware industry, which has been able to finance tens of millions (RMB/USD), has only melted 5 million yuan. Li Xiaoliang told 36 Krypton, entrepreneurship should not go into the blind competition financing capacity of the misunderstanding, but should take products to speak. The project will have a revenue of 100 million yuan in 2014 and does not require much funding.

After this round of financing, the wheat will continue in the second half of this year's product development, but will not release the new hardware product line this year. In addition, team building, brand promotion is the next focus. Meanwhile, the next round of funding will start in August.

Let's take a look at the official Cuptime documentary: