Fangtang Planet, a leader in virtual space solutions, successfully raised tens of millions in an angel-plus round led by Kiehl Capital to enhance R&D and team growth.

Target Information

Recently, Fangtang Planet, a leading provider of one-stop virtual space scene solutions, successfully completed an angel-plus financing round led by Kiehl Capital, raising several tens of millions of RMB. This funding will primarily be allocated to accelerate innovative research and development and to enhance team building. New Yi Capital previously participated as an investor in Fangtang Planet's initial angel round.

Industry Overview in China

In recent years, the virtual interaction industry in China has witnessed rapid growth, driven by increasing demand for digital communication tools among businesses and individuals. The shift towards online interactions has become irreversible, with companies recognizing the substantial benefits of virtual events, including cost reduction, enhanced brand visibility, and improved customer engagement. The cumulative impact of these factors indicates a robust trajectory for the virtual event market.

Technological advancements have played a pivotal role in this expansion. Innovations such as WebRTC, WebGPU, and generative AI have significantly broadened the capabilities of vir