Top 7 Shandong Startups to Watch in 2026
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.
Failory's Top 7 Picks
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 Founded | 2010 |
| Founders | Tong Li |
| Funding Amount | $228.4M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series D |
| Top Investors | Walden 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 Founded | 2002 |
| Founders | — |
| Funding Amount | $20M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Undisclosed |
| Top Investors | IDG 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 Founded | 2011 |
| Founders | — |
| Funding Amount | CN¥700M |
| Startup Size | — |
| Last Funding Status | Series B |
| Top Investors | SDIC 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 Founded | 2002 |
| Founders | Xinzhu Xue |
| Funding Amount | CN¥600M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | Longzhu 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 Founded | 2021 |
| Founders | — |
| Funding Amount | CN¥300M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | Hillhouse 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 Founded | 2004 |
| Founders | — |
| Funding Amount | CN¥1.6B |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Private Equity |
| Top Investors | Weichai 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 Founded | 2011 |
| Founders | — |
| Funding Amount | CN¥250M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | Hillhouse Ventures, Huatai Zijin Investment, Huahai Investment, Hainan Haiying, Zhibai Investment |
