Fujian's startup ecosystem is built on a strong industrial foundation, with a focus on manufacturing and advanced materials. The region also shows significant activity in the healthcare and AI sectors.
Hithium Energy Storage, a battery technology enterprise, has attracted CN¥6.5B in funding. Other companies in areas from oncology to AI are also drawing major investments.
Below is our list of 29 Fujian startups worth keeping an eye on.
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Get the Sheet for $50Hithium Energy Storage specializes in the research, development, and production of lithium-ion battery core materials. They build stationary energy storage systems for utility, commercial, and industrial clients worldwide.
| Year Founded | 2019 |
| Founders | Jason Wang |
| Funding Amount | CN¥6.5B |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | CDH Investments, Matrix Partners China, CICC, Dayone Capital, GoldStone Investment |
Yeelight develops a full range of smart LED lighting products, including bulbs, lamps, and light strips for the home. Their offerings stand out for seamless integration with popular smart home ecosystems and a focus on creating customizable lighting experiences.
| Year Founded | 2012 |
| Founders | Eric Jiang |
| Funding Amount | $75.1M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series E |
| Top Investors | Cathay Capital, Xiaomi, Shunwei Capital, SOSV, GIC |
DataExa has created a full-stack artificial intelligence platform that gives enterprises tools for building their own AI applications. Their system focuses on natural language processing and knowledge graphs, allowing companies to analyze complex unstructured data.
| Year Founded | 2014 |
| Founders | Ping Huang, Xie Chen |
| Funding Amount | CN¥700M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Fortune Venture Capital, CICC, Security Capital, CDF-Capital, Fujian Electronics & Information Group |
Waytous builds autonomous driving technology for heavy machinery used in open-pit mining operations. Their core system manages fleets of unmanned mining trucks and coordinates their work with excavators to create a safer and more efficient workflow.
| Year Founded | 2014 |
| Founders | Long Chen |
| Funding Amount | CN¥400M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Corporate Round |
| Top Investors | Cathay Innovation, CICC, CASH Capital, Guangzhou Yuexiu Industrial Investment Fund, The Hina Group |
Fujian Deer Technology develops, produces, and sells a range of basic chemical materials. These products serve as the building blocks for advanced materials within the electronics and manufacturing sectors.
| Year Founded | 2014 |
| Founders | — |
| Funding Amount | CN¥3.2B |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | HSG, Shenzhen Capital Group, SDIC Venture Capital, Tsinghua Holdings Capital, State Grid Corporation of China |
Berry Oncology develops genetic testing technology for the full lifecycle of cancer care, from early screening to treatment guidance. Their comprehensive approach provides genomic information to aid in cancer prevention, diagnosis, and personalized treatment plans.
| Year Founded | 2017 |
| Founders | — |
| Funding Amount | $230.4M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series B |
| Top Investors | Qiming Venture Partners, Legend Capital, Boyu Capital, Yingke Capital, China Merchants Venture Capital |
Meiyou created a digital health platform for women in China to manage their menstrual cycles, beauty, and overall wellness. Their software provides tools for health tracking and connects users with a community focused on female health and lifestyle topics.
| Year Founded | 2013 |
| Founders | Fangyi Chen |
| Funding Amount | $200.7M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Matrix Partners China, Cathay Innovation, K2VC, Cathay Capital Private Equity, Share Capital |
Xiamen Golden Egret Special Alloy manufactures a wide range of tungsten powders and special alloy products. Their high-performance materials are used to produce cemented carbide and precision cutting tools for industrial applications.
| Year Founded | 1989 |
| Founders | — |
| Funding Amount | SEK700M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Secondary Market |
| Top Investors | Xiamen Tungsten HC |
LP Pharmaceuticals develops innovative medicines for cancer, central nervous system diseases, and other major illnesses. Their work centers on proprietary drug delivery platforms that create more effective long-acting and targeted treatments.
| Year Founded | 2012 |
| Founders | Ying Ye |
| Funding Amount | $102M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | HSG, Shenzhen Capital Group, CMB International Capital Corporation, Lapam Capital, SDIC Fund Management |
Meet You develops a health management app that helps women track their menstrual cycles and access consulting services. The app is built around a community model, giving users a platform for both peer support and professional health advice.
| Year Founded | 2013 |
| Founders | Chen Fangyi |
| Funding Amount | $157.8M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series E |
| Top Investors | Matrix Partners China, Cathay Capital, K2VC, ZhenFund, Puhua Capital |
19 Additional Fujian Startups Worth Following
The top 10 are just a small slice of the activity happening in Fujian. Founders are building companies in a wide range of fields, from manufacturing to food and enterprise software.
Together, these companies have raised over half a billion dollars, with some just starting out and others already scaling fast. Here’s a look at the other startups shaping Fujian's ecosystem.