Hua Fa Qi He secures significant Pre-A funding from Ventech China to enhance its smart pet appliance offerings and expand into international markets.
Target Information
Hua Fa Qi He, established in 2015, is a leading manufacturer of smart pet appliances in China. The company, which has achieved sales of 800,000 units of its Mi Jia smart aquarium in collaboration with Xiaomi, is recognized as the top brand in the domestic smart aquarium market. Hua Fa Qi He aims to simplify pet care for urban dwellers, particularly targeting those who prefer low-maintenance pets and aquaristics over traditional pets like cats and dogs.
Hua Fa Qi He innovatively integrates essential fish care functions—such as water quality management, temperature control, and intelligent feeding—into a single aquarium unit. The company has developed a variety of aesthetically pleasing aquarium decorations, enabling customers to enjoy a blend of pet care, education, and visual appeal.
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Industry Overview in China
The pet industry in China is rapidly expanding, with a market size estimated at 350 billion yuan. Within this market, the small pet and aquaristics segments account for approximately 25%
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Transaction Size: $5M