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.

Failory's Top 10 Picks

Unitree 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.

Year Founded2016
FoundersXingXing Wang
Funding Amount$263.6M
Startup SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries C
Top InvestorsHSG, Shenzhen Capital Group, Matrix Partners China, Tencent, Alibaba Group

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.

Year Founded2023
FoundersLiang Wenfeng
Funding Amount—
Startup SizeMid-Size Team (51-250)
Last Funding Status—
Top Investors—

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.

Year Founded2017
FoundersChao Li, Zhu Qiuguo
Funding AmountCN¥500M
Startup SizeMid-Size Team (51-250)
Last Funding StatusVenture Round
Top InvestorsFortune Venture Capital, Peakvest, Huaying Capital, F&G Venture, Beijing Robot Industry Fund

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.

Year Founded2014
FoundersJack Ma
Funding Amount$28.5B
Startup SizeEnterprise Organization (5,001+)
Last Funding StatusDebt Financing
Top InvestorsTemasek Holdings, General Atlantic, Sequoia Capital, Warburg Pincus, BNP Paribas

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.

Year Founded2017
FoundersTian Wang
Funding AmountCN¥221M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries B
Top InvestorsFortune Venture Capital, Pappas Capital, Wuxi Capital, Essence Securities, Naton

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.

Year Founded2018
FoundersPhilip Rosedale
Funding Amount$10M
Startup SizeMid-Size Team (51-250)
Last Funding StatusUndisclosed
Top InvestorsZhang Jingping, Nano Labs, Daocin Capital

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.

Year Founded2006
Founders—
Funding AmountCN¥3.9B
Startup SizeEnterprise Organization (5,001+)
Last Funding StatusSeries C
Top InvestorsHillhouse Investment, Walden International, China Capital Management, CICC, BOCOM International

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.

Year Founded2021
Founders—
Funding AmountCN¥300M
Startup Size—
Last Funding StatusSeries A
Top InvestorsZhang Jiahao, Tuya, SAIF Partners, Oceanpine Capital, Oriental Fortune Capital

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.

Year Founded2024
Founders—
Funding AmountCN¥1.3B
Startup SizeLean Team (11-50)
Last Funding StatusSeed
Top InvestorsHighlight Capital, Fortune Venture Capital, Shunwei Capital, China Internet Investment Fund, JD.com

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.

Year Founded2016
Founders—
Funding AmountCN¥100M
Startup SizeLarge Team (251-1,000)
Last Funding StatusSeries B
Top InvestorsTiantu Capital, Kunyan Capital, Proya

62 Additional Zhejiang Startups Worth Following

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.

StartupIndustryYear FoundedAmount RaisedLast Funding Round
Yuannang Bio logo Yuannang BioBiotech2022CN¥100MSeries A
Taobao logo TaobaoRetail2003CN¥170MSeries B
Surron logo SurronMobility2014CN¥110MSeries B
AliExpress logo AliExpressRetail2023——
Zhiyan Technology logo Zhiyan TechnologyAnalytics2016CN¥100MSeries B
METiS Pharmaceuticals logo METiS PharmaceuticalsAI2020$391.7MSeries D
LianLian Pay logo LianLian PayFintech2003$282.5MVenture Round
Alibaba Cloud logo Alibaba CloudCloud2009$1.2BSeries B
E-nitiate Biopharmaceuticals logo E-nitiate BiopharmaceuticalsBiotech2020$45.6MSeries B
Chint New Energy logo Chint New EnergyManufacturing2009CN¥1.5BSeries B
Alipay logo AlipayRetail2004——
Bota Biosciences logo Bota BiosciencesBiotech2019$137MSeries B
Zhonghao Xinying logo Zhonghao XinyingManufacturing2020CN¥100MSeries B
Shengshi Technology logo Shengshi TechnologyDesign2017CN¥100MSeed
Geely logo GeelyMobility1986DKK18BDebt Financing
Yinuo Pharmaceutical logo Yinuo PharmaceuticalBiotech2019$125.9MSeed
DXY logo DXYMedia2000$682MSeries E
Dt Dream logo Dt DreamData2015$266.6MSeries B
DTStack logo DTStackAI2015$64.1MSeries C
ShadowBot logo ShadowBotRobotics2019$158.7MSeries C
Kujiale logo KujialeRetail2011$234.8MSeries D
Kanglin Biotech logo Kanglin BiotechBiotech2015CN¥150MSeries A
Canhelp Genomics logo Canhelp GenomicsHealthcare2014CN¥13MSeries C
Differential Robotics logo Differential RoboticsRobotics2024CN¥200MSeed
Yige Cloud Technology logo Yige Cloud TechnologyCloud2021CN¥290MSeries B
Jollychic logo JollychicRetail2012$95.8MSeries C
LYNK Pharmaceuticals logo LYNK PharmaceuticalsBiotech2018$124.8MSeries C
Hangzhou DAC Biotech Co., Ltd logo Hangzhou DAC Biotech Co., LtdBiotech2012CN¥1.1BSeries C
FreeTech logo FreeTechMobility2016$204.4MSeries B
Hong Jing Drive logo Hong Jing DriveAI2018$50.1MSeries C
Qihan Biotech logo Qihan BiotechBiotech2017$116.3MSeries B
Zhongke Guosheng logo Zhongke GuoshengManufacturing2021CN¥460MSeries A
Jing'an Technology logo Jing'an TechnologyRetail2001CN¥100MSeed
Sciwind Biosciences logo Sciwind BiosciencesBiotech2017$136.3MSeries C
Yunxi Technology logo Yunxi TechnologyCloud2016$194.1MSeries D
Wacai.com logo Wacai.comFintech2009$341.5MSeries D
AnHeart Therapeutics logo AnHeart TherapeuticsBiotech2018$75.6MSeries B
eSign logo eSignSaaS2002CN¥1.2BSeries E
Worg Pharmaceuticals logo Worg PharmaceuticalsBiotech2018CN¥1.7BVenture Round
MAYCUR.COM logo MAYCUR.COMCloud2015CN¥740MSeries C
GluBio Therapeutics logo GluBio TherapeuticsBiotech2021$72MSeries A
Zylox logo ZyloxBiotech2012$66.8MSeries C
Huaboron Neutron logo Huaboron NeutronBiotech2023CN¥100MSeed
Sunrise logo SunriseOther2001CN¥1BVenture Round
Haichang Biotech logo Haichang BiotechBiotech2013CN¥500MSeries C
CoJourney logo CoJourneyBiotech2022$30MSeries A
terminus logo terminusData2012CN¥1BSeries B
DIAGENS logo DIAGENSBiotech2014CN¥300MSeries C
Meichuang Technology logo Meichuang TechnologyEnterprise2005$1BVenture Round
Ustar logo UstarBiotech2005CN¥300MSeries E
Healsun Biopharm logo Healsun BiopharmBiotech2015CN¥705MSeries B
Junhemeng Biopharmaceutical logo Junhemeng BiopharmaceuticalBiotech2020CN¥390MVenture Round
Guandata logo GuandataAnalytics2016CN¥515MSeries C
Hunliji logo HunlijiMedia2013$137MSeries D
Baiying Technology logo Baiying TechnologyAI2016CN¥580MSeries C
Mogic AI logo Mogic AIMarketing2021$15MSeries A
Chance Pharmaceuticals logo Chance PharmaceuticalsBiotech2015$51.3MVenture Round
Imbioray logo ImbiorayBiotech2014$45.3MSeries A
Ryefield Energy logo Ryefield EnergyEnergy2019CN¥2BDebt Financing
Joyowo.com logo Joyowo.comEnterprise2014CN¥340MSeries C
Manmanda logo ManmandaMedia2014$100MSeries A
Yoolook logo YoolookMedia2016CN¥13MSeries A