ThinRedLine, a Luo Yonghao AR startup, officially announced today that it has completed an angel round of financing of about US$ 5 million, with a post-investment valuation of about US$ 2 million. It is reported that this round of financing was led by the Dragon Ball of Meituan, followed by investment institutions such as Lanchi Venture Capital, Lenovo Venture Capital, Jingwei Venture Capital, DJI Innovation, ATMCapital and other scientific and technological celebrities such as Li Wanqiang and Wu Yongming. Chuangxin Capital is the exclusive financial advisor for this round of financing.
in June this year, after Luo Yonghao announced that the debt had been paid off through Weibo, he started a new round of entrepreneurship to focus on being an AR technology company. Previously, the news of new company financing came from the market many times, which was finally officially confirmed today.
institutions are optimistic about AR Technology Company
According to public information, ThinRedLine was established in June 222, which is another technology startup company that Luo Yonghao joined after Hammer Technology. The company aims to build the next generation of personal computing equipment platform after smart phones.
In July, Luo Yonghao officially announced the news of starting a business in the AR field through the live broadcast room, and shared the HR email address of the new company, saying that he was recruiting a large number of talents for the company, mainly product managers and designers, and there was no demand for engineers for the time being.
tianyancha APP shows that the affiliated company of "ThinRedLine" is Beijing Fine Red Line Technology Co., Ltd., which was established on July 25, 218 with a registered capital of 1, yuan. According to the industrial and commercial information, the previous legal person of the company was Xu Han, and Xu Han and Huang He held 99% and 1% respectively. At present, the legal person has been changed to Feng Yaoyao, while the shareholders are Feng Yaoyao and Wang Anqi holding 99% and 1% respectively.
and why did you choose AR technology company? Luo Yonghao said eARlier that ar is the next generation computing platform, and wanted to make something like the iPhone+iOS in 27 and become the company like apple on the next platform.
He claims that he is sure to win at the product level, but this kind of platform-level war is not enough with good products, so he is ready to be acquired by big companies. If it really doesn't work, he will be the Huami OV Luo Yonghao of the AR era. He said that he will put everything into starting a business, which is the last chance, and I believe it will leave something for the world.
The investment institutions participating in this round of financing are also slightly luxurious. The predecessor of Meituan Dragon Ball is an industrial fund initiated by Meituan. Previously, it focused on project investment in the field of large consumption, and in recent years, it has also been involved in the field of science and technology. Lanchi Venture Capital is a dual-currency fund with RMB and USD. The assets under management in China exceed RMB 15 billion, with an average duration of 1 years. Hard technology and innovation interaction are its key investment directions, and the business scope of Fine Red Line Technology just fits. Lenovo Venture Capital is Lenovo's CVC and Jingwei Venture Capital, and it is also a famous dollar fund venture in the industry.
"Double Eleven" live broadcast brought a record amount of goods
On June 7th this year, Luo Yonghao announced that he would quit the management of "making friends" and shift his focus to AR entrepreneurial projects. At the same time, Luo Yonghao said that he will not leave the company completely, and will still carry out two or three live broadcasts every month in the live broadcast room of making friends in the future.
During this year's "Double Eleven" period, Luo Yonghao, who announced "quitting the Internet", reappeared in front of the public.
this time, I entered Taobao live again. Lao Luo's reason is that the needs of the men in the "Double Eleven" should be managed. Luo Yonghao revealed in his personal WeChat video number and Weibo notice that "a lot of good things are specially prepared for men who are not good at shopping at ordinary times", including mobile phones, graphics cards, computers, novel digital products, brand-name sports shoes and clothes, and brand-name drinks.
Making friends responded to the action of joining Taobao Live, saying that the company is constantly looking for growth opportunities, and Luo Yonghao started live broadcast on Taobao for the sake of its own business development. In the future, including Luo Yonghao, the anchor who signed a contract with a friend will also come to the live broadcast room to meet the consumers.
As for the success of Taobao live broadcast, making friends revealed that on October 24th, the first broadcast of Taobao in Luo Yonghao, the cumulative number of viewers in the live broadcast room was 26 million, and the number of fans increased by 1.1 million. According to the estimation of the third-party platform Xinwan, the total amount of goods brought by the first Taobao live broadcast in Luo Yonghao is about 21 million yuan. In the whole "Double Eleven" period, among the new anchors of Taobao, Luo Yonghao ranked first in turnover.
Not only as an anchor, but also as an entrepreneur, speaker, online celebrity, teacher and debtor? They are all the labels of Luo Yonghao. Before that, Luo Yonghao started his own business many times.
In p>2, before the rise of e-commerce, Luo Yonghao sent Yu Minhong, the founder of New Oriental, a cover letter with ten thousand words. With this letter and three trial lectures, Luo Yonghao successfully took up his post and entered New Oriental to teach. Later, he became one of the most famous teachers in New Oriental with "Lao Luo's Quotations". Since then, Luo Yonghao has successively founded Niubo. com and Lao Luo English Training School, but it didn't last for various reasons.
In p>212, 4-year-old Luo Yonghao announced the establishment of Hammer Technology and confidently entered the mobile phone industry. After six years of hard struggle, the capital chain of Hammer Technology broke at the end of 218, and 46-year-old Luo Yonghao owed 6 million debts. Later, the hammer technology in crisis was taken over by ByteDance. With huge debts, he seized the opportunity of live broadcast. From April 1st, 22, he started the first live broadcast on the Tik Tok platform, and staged "True Story" which paid off 6 million debts in four years.
Luo Yonghao, who is determined to start a business and has successful and failed experiences, may be the best continuous entrepreneur in the eyes of investors, so some investors once said, "I will vote for him even if I am at him." The development trend of fine red line technology will also become the focus of investment circle in the future.