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The 12 Fastest Growing Startups from Suzhou

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In terms of entrepreneurship and business, Suzhou has evolved into one of the top emerging hubs in the world.

Hundreds of startup companies have been founded there in the last years, many of which are enjoying incredible success.

We've compiled a list with the 12 most successful ones.


12 Startups in Suzhou

1) Yunxuetang

1) Yunxuetang

Yunxuetang is a corporate training platform with a wide range of features.

Details of the startup:

  • Started in: 2011
  • Founders: Jane Ding, Ruize Lu
  • Industries: Corporate Training, Professional Services, Software
  • Number of employees: 501-1000
  • Funding amount: $389,035,685
  • Number of funding rounds: 8
  • Number of investors: 12

You can find their website here.

2) IntoCare

2) IntoCare

IntoCare is a high-tech company that focuses on surgical supplies.

Details of the startup:

  • Started in: 2015
  • Industries: Health Care, Medical, Medical Device
  • Number of employees: 11-50
  • Funding amount: $56,712,780
  • Number of funding rounds: 5
  • Number of investors: 4

You can find their website here.

3) Ascentage Pharma

3) Ascentage Pharma

Ascentage Pharma is a clinical-stage biopharmaceutical business with a global focus.

Details of the startup:

  • Started in: 2009
  • Founders: Dajun Yang, Ming Guo
  • Industries: Biopharma, Biotechnology, Medical, Pharmaceutical
  • Number of employees: 101-250
  • Funding amount: $237,486,985
  • Number of funding rounds: 3
  • Number of investors: 13

You can find their website here.

4) EAVISION

4) EAVISION

EAVISION is a manufacturer of intelligent gear.

Details of the startup:

  • Started in: 2016
  • Founders: Wang Xinyu, Xuesong Dong
  • Industries: Agriculture, Artificial Intelligence, Drones, Hardware
  • Number of employees: 51-100
  • Funding amount: $40,614,526
  • Number of funding rounds: 4
  • Number of investors: 11

You can find their website here.

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5) CalmCar Vision System

5) CalmCar Vision System

CalmCar is a deep learning-based embedded system that can recognize and localize complicated road data.

Details of the startup:

  • Started in: 2016
  • Founders: Xi Wang
  • Industries: Autonomous Vehicles, Computer Vision, Machine Learning
  • Number of employees: 1-10
  • Funding amount: $18,712,334
  • Number of funding rounds: 3
  • Number of investors: 3

You can find their website here.

6) Tongcheng Shenghuo

6) Tongcheng Shenghuo

Tongcheng Shenghuo is a platform for community O2O group purchases.

Details of the startup:

  • Started in: 2018
  • Industries: Consumer, E-Commerce, Food and Beverage
  • Number of employees: 11-50
  • Funding amount: $305,781,754
  • Number of funding rounds: 7
  • Number of investors: 13

You can find their website here.

7) GaiaWorks

7) GaiaWorks

GaiaWorks is a company that creates workforce management software.

Details of the startup:

  • Started in: 2009
  • Founders: Alex Zhang, Simpson Zhang, Steven Wei
  • Industries: Electronics, Information Technology, Software, Virtual Workforce
  • Number of employees: 101-250
  • Funding amount: $147,181,163
  • Number of funding rounds: 5
  • Number of investors: 8

You can find their website here.

8) Suzhou Kintor Pharmaceuticals

8) Suzhou Kintor Pharmaceuticals

Kintor is a pharmaceutical research and development firm.

Details of the startup:

  • Started in: 2009
  • Founders: Chuangxin Guo, Youzhi Tong
  • Industries: Biopharma, Biotechnology, Health Care, Life Science, Pharmaceutical
  • Number of employees: 11-50
  • Funding amount: $99,000,000
  • Number of funding rounds: 3
  • Number of investors: 8

You can find their website here.

9) Phylion Battery

9) Phylion Battery

Phylion Battery is a lithium-ion battery producer for electric vehicles.

Details of the startup:

  • Started in: 2003
  • Founders: Liquan Chen
  • Industries: Battery, Electric Vehicle, Manufacturing
  • Number of employees: 501-1000
  • Funding amount: $200,216,428
  • Number of funding rounds: 3
  • Number of investors: 7

You can find their website here.

10) Innolight

10) Innolight

InnoLight Technology is a prominent high-speed optical transceiver supplier in China, specializing in research, design, manufacturing, and distribution.

Details of the startup:

  • Started in: 2008
  • Founders: Sheng Liu
  • Industries: Cloud Computing, Market Research
  • Number of employees: 11-50
  • Funding amount: $39,000,000
  • Number of funding rounds: 4
  • Number of investors: 6

You can find their website here.

11) Porton Biologics

11) Porton Biologics

Porton Biologics provides innovators with end-to-end gene/therapy CDMO services, from early stage development to IND filing and commercial production.

Details of the startup:

  • Started in: 2018
  • Industries: Genetics, Pharmaceutical, Therapeutics
  • Number of employees: 51-100
  • Funding amount: CN¥400,000,000
  • Number of funding rounds: 1
  • Number of investors: 5

You can find their website here.

12) FreshMarket

12) FreshMarket

FreshMarket is a supplier of an online retail platform that serves as a marketplace for grocery shopping.

Details of the startup:

  • Started in: 2012
  • Industries: E-Commerce, Food and Beverage, Marketing, Marketplace
  • Number of employees: 10001+
  • Funding amount: $156,011,323
  • Number of funding rounds: 6
  • Number of investors: 5

You can find their website here.

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