VCBeat has learned that Beijing Shangjie Youlan Technology Co., Ltd. (hereinafter referred to as “Shangjie Youlan”) recently announced the completion of its Series A financing round, raising nearly RMB 70 million. The round was led by the Changping Industrial Development Investment Fund of Beijing, with participation from the Sino-US Green Fund and Shanghai Jiacheng Investment.
Beijing Shangjie Youlan Technology Co., Ltd. is a technology-driven enterprise holding multiple exclusive patents, primarily focused on the development of new cosmetic ingredients at the national level. The company is committed to becoming a comprehensive provider of raw materials for scientific daily chemical products. Amidst today’s challenging market environment, Beijing Shangjie Youlan has earned the full trust and strong support of investors. The funds from this round of financing will be primarily allocated to the establishment of an industry-academia-research experimental base, the research and innovation of new ingredients, and strategic patent layout. These efforts aim to further strengthen the company’s core competitiveness in the field of cosmetic raw materials, promote the efficient transformation of scientific achievements, and support the high-quality development of China’s beauty industry.
Beijing Shangjie Youlan Technology Co., Ltd. stated, “We are deeply honored to have received the recognition and support of the Beijing Changping Industrial Development Investment Fund and other investors in this round. This financing not only affirms Shangjie Youlan’s technological strength and development potential but also serves as a significant boost to the company’s future strategic layout. We recognize that China’s cosmetics industry is at a critical juncture in its transition from ‘manufacturing’ to ‘intelligent manufacturing.’ Adhering to our mission of ‘redefining beauty with technology,’ Shangjie Youlan will continue to drive technological innovation, providing domestically produced cosmetic brands with ingredient solutions that are competitive on the international stage, while also striving to propel the entire industry toward high-quality, sustainable development. This financing marks a new starting point; we will seize this opportunity to continuously increase R&D investment, deepen industry-academia-research collaborations, accelerate the industrialization of more innovative ingredients, and contribute to the high-quality development of the industry.”
Changping Development, the fund manager of the Beijing Changping Industrial Development Investment Fund, stated: “Shangjie Youlan has demonstrated strong scientific research capabilities and market potential in the field of cosmetic ingredients. Its innovation direction aligns closely with Changping District’s priority development sectors—biomedicine and the health and beauty industry. As a district-affiliated industrial investment fund, Changping Development is actively responding to Beijing’s strategic deployment to build an international science and technology innovation center. Through this investment, we will not only help Shangjie Youlan further enhance its technological barriers and accelerate the layout of core patents, but also vigorously promote the construction of Changping District’s ‘beauty economy’ industrial cluster, improving the full industry chain ecosystem from raw material R&D to end products. We look forward to Shangjie Youlan seizing policy opportunities and, against the backdrop of the implementation of the new regulations under the Cosmetic Supervision and Administration Regulations, providing the industry with more safe and efficient innovative ingredient solutions, thereby becoming a key supporting force in Changping District’s efforts to establish itself as a highland for the ‘beauty tech’ industry.”