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Top 7 Shandong Startups to Watch in 2026

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Shandong's startup scene is defined by its strength in advanced manufacturing and biotechnology. This focus is seen in companies working on everything from industrial automation to biopharmaceuticals.

For example, Keenon Robotics has secured $228.4M to develop its commercial service robots. Meanwhile, Lovol Heavy Industry, a machinery manufacturer, has raised CN¥1.6B.

Below is our list of 7 Shandong startups worth keeping an eye on.

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Keenon Robotics designs and builds autonomous service robots to handle tasks in industries like hospitality, healthcare, and retail. Their robots are designed to automate deliveries, provide guidance, and improve operational efficiency for businesses.

Year Founded2010
FoundersTong Li
Funding Amount$228.4M
Startup SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries D
Top InvestorsWalden International, SoftBank Vision Fund, Source Code Capital, Prosperity7 Ventures, Shanghai International Group (SIG)

Bodor Laser develops and manufactures industrial laser cutting machines, handling the entire process from R&D to global marketing. The company is recognized for its high-power laser equipment and has grown into a major international supplier.

Year Founded2002
Founders
Funding Amount$20M
Startup SizeMajor Organization (1,001-5,000)
Last Funding StatusUndisclosed
Top InvestorsIDG Capital, Shunwei Capital

Affinity Biomedical Technology is a clinical-stage biopharmaceutical company developing innovative drugs to fight cancer. Their pipeline features several drug candidates in clinical trials aimed at treating solid tumors and lymphomas.

Year Founded2011
Founders
Funding AmountCN¥700M
Startup Size
Last Funding StatusSeries B
Top InvestorsSDIC Venture Capital, Orchid Asia Group Management, China Growth Capital, Guosheng Capital, Hongfu Assets

Xueji chaohuo operates a chain of retail stores specializing in roasted seeds and nuts. They are recognized for an emphasis on fresh, high-quality ingredients for their snack food products.

Year Founded2002
FoundersXinzhu Xue
Funding AmountCN¥600M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries A
Top InvestorsLongzhu Capital, GenBridge Capital

UniXell Biotechnology develops a new generation of cell therapy drugs designed to treat a range of diseases. Their team focuses on pioneering these advanced treatments through dedicated research and development.

Year Founded2021
Founders
Funding AmountCN¥300M
Startup SizeLean Team (11-50)
Last Funding StatusSeries A
Top InvestorsHillhouse Investment, CDH Investments, Fosun Pharma, Sherpa Healthcare Partners, Pudong Chuangtou

Lovol Heavy Industry manufactures a comprehensive line of heavy equipment for both the agriculture and construction sectors. The company is known for its portfolio of tractors, combine harvesters, and excavators, which are distributed to customers around the world.

Year Founded2004
Founders
Funding AmountCN¥1.6B
Startup SizeMid-Size Team (51-250)
Last Funding StatusPrivate Equity
Top InvestorsWeichai Power

Bestzyme researches and manufactures specialized enzyme products for the animal feed industry. Their biotechnology solutions are designed to improve animal nutrition and overall health.

Year Founded2011
Founders
Funding AmountCN¥250M
Startup SizeMid-Size Team (51-250)
Last Funding StatusVenture Round
Top InvestorsHillhouse Ventures, Huatai Zijin Investment, Huahai Investment, Hainan Haiying, Zhibai Investment

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