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Zhejiang's startup scene is heavily focused on advanced technology, particularly in robotics and artificial intelligence. The region is home to a mix of new and established companies driving development in these fields.
Fintech giant Ant Group leads the area with $28.5 billion in funding. Other key players include Unitree Robotics, which has raised over $263 million for its advanced robot development.
Below is our list of 72 Zhejiang startups worth keeping an eye on.
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Unitree Robotics designs and manufactures high-performance quadruped and humanoid robots for research, industry, and entertainment. Their advanced machines are recognized for dynamic mobility, enabling them to navigate a wide range of complex environments.
DeepSeek creates open-source large language models (LLMs) to support the global AI research and developer community. Their work provides powerful and accessible generative AI tools for a wide range of applications.
Deep Robotics creates advanced embodied-AI robots, with a focus on quadrupedal, wheeled-legged, and humanoid platforms. Their work centers on developing intelligent machines capable of navigating and performing tasks in complex real-world environments.
Ant Group creates technology-driven financial services designed to support consumers and small businesses globally. Their flagship product, the digital payments platform Alipay, serves as the foundation for a wide range of services from credit to insurance.
RoboCT creates advanced exoskeleton robots that assist patients with lower-body motor impairments during their rehabilitation. Their technology helps individuals regain the ability to walk through a combination of robotics and AI-powered support.
Second Life develops 3D printing technology and solutions for the toy industry. Their comprehensive solutions equip toy makers with the technology to bring new designs to life quickly and efficiently.
Astronergy specializes in the research, development, and production of high-efficiency solar modules. They are a key global supplier in the photovoltaic industry, creating essential components for solar power systems.
Blue Wave produces specialized chips that power wireless communication for the Industrial IoT and the Internet of Vehicles. Their chipsets are engineered for low-power consumption and high performance, enabling reliable connectivity in demanding industrial and automotive environments.
Qianxun Intelligence builds a platform for developing AI agents using large language models. They provide tools that allow enterprises to create and deploy custom AI assistants and copilots for their specific needs.
Flower Knows designs cosmetics and jewelry collections with a whimsical, fairy-tale aesthetic. The brand is recognized for its highly detailed and ornate product packaging.
The top 10 are just a small slice of what’s happening in Zhejiang right now. Many other founders are building companies in fields like biotech and AI, raising billions of dollars to fuel their growth.
Some are early in their journey, while others are already well established. Here’s a look at the rest of the startups shaping the province's startup scene.
| Startup | Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
| Biotech | 2022 | CN¥100M | Series A | |
| Retail | 2003 | CN¥170M | Series B | |
| Mobility | 2014 | CN¥110M | Series B | |
| Retail | 2023 | — | — | |
| Analytics | 2016 | CN¥100M | Series B | |
| AI | 2020 | $391.7M | Series D | |
| Fintech | 2003 | $282.5M | Venture Round | |
| Cloud | 2009 | $1.2B | Series B | |
| Biotech | 2020 | $45.6M | Series B | |
| Manufacturing | 2009 | CN¥1.5B | Series B | |
| Retail | 2004 | — | — | |
| Biotech | 2019 | $137M | Series B | |
| Manufacturing | 2020 | CN¥100M | Series B | |
| Design | 2017 | CN¥100M | Seed | |
| Mobility | 1986 | DKK18B | Debt Financing | |
| Biotech | 2019 | $125.9M | Seed | |
| Media | 2000 | $682M | Series E | |
| Data | 2015 | $266.6M | Series B | |
| AI | 2015 | $64.1M | Series C | |
| Robotics | 2019 | $158.7M | Series C | |
| Retail | 2011 | $234.8M | Series D | |
| Biotech | 2015 | CN¥150M | Series A | |
| Healthcare | 2014 | CN¥13M | Series C | |
| Robotics | 2024 | CN¥200M | Seed | |
| Cloud | 2021 | CN¥290M | Series B | |
| Retail | 2012 | $95.8M | Series C | |
| Biotech | 2018 | $124.8M | Series C | |
| Biotech | 2012 | CN¥1.1B | Series C | |
| Mobility | 2016 | $204.4M | Series B | |
| AI | 2018 | $50.1M | Series C | |
| Biotech | 2017 | $116.3M | Series B | |
| Manufacturing | 2021 | CN¥460M | Series A | |
| Retail | 2001 | CN¥100M | Seed | |
| Biotech | 2017 | $136.3M | Series C | |
| Cloud | 2016 | $194.1M | Series D | |
| Fintech | 2009 | $341.5M | Series D | |
| Biotech | 2018 | $75.6M | Series B | |
| SaaS | 2002 | CN¥1.2B | Series E | |
| Biotech | 2018 | CN¥1.7B | Venture Round | |
| Cloud | 2015 | CN¥740M | Series C | |
| Biotech | 2021 | $72M | Series A | |
| Biotech | 2012 | $66.8M | Series C | |
| Biotech | 2023 | CN¥100M | Seed | |
| Other | 2001 | CN¥1B | Venture Round | |
| Biotech | 2013 | CN¥500M | Series C | |
| Biotech | 2022 | $30M | Series A | |
| Data | 2012 | CN¥1B | Series B | |
| Biotech | 2014 | CN¥300M | Series C | |
| Enterprise | 2005 | $1B | Venture Round | |
| Biotech | 2005 | CN¥300M | Series E | |
| Biotech | 2015 | CN¥705M | Series B | |
| Biotech | 2020 | CN¥390M | Venture Round | |
| Analytics | 2016 | CN¥515M | Series C | |
| Media | 2013 | $137M | Series D | |
| AI | 2016 | CN¥580M | Series C | |
| Marketing | 2021 | $15M | Series A | |
| Biotech | 2015 | $51.3M | Venture Round | |
| Biotech | 2014 | $45.3M | Series A | |
| Energy | 2019 | CN¥2B | Debt Financing | |
| Enterprise | 2014 | CN¥340M | Series C | |
| Media | 2014 | $100M | Series A | |
| Media | 2016 | CN¥13M | Series A |
