Tuxiaoer, an Internet of Things technology company specialized in hotel linen supply, has raised RMB 25 million (USD 3.8 million) in its recent financing round led by Qihong Investment Co., Ltd. and Gongchuang Investment Co., Ltd. in Shenzhen.
Hangzhou-headquartered Tuxiaoer had secured around RMB 100 million (USD 15.2 million) in previous financing rounds from famous Chinese investors including Jinkong Capital, Monarch Capital, Fortune Capital and Zhongxiang Capital.
The company will use the proceeds to fully expand its linen IoT lines and go further by upgrading the IoT system, implanting RFID chips and growing its market share.
Tuxiaoer said it is China’s first IoT technology enterprise with an innovative RFID logistics management system for hotel linen supply. By implanting an RFID digital tag with a unique identity number into each piece of linen, Tuxiaoer enables full-process digital management of linens from production to operation.
Tuxiaoer has independently developed an internet platform for linen rental and laundering, which offers full services from managing orders to logistics, linen collection and laundering. With this form of operation covering the complete industry chain, the company has transformed the legacy management pattern in which hotels purchase linens by themselves but outsource laundering.