Hibobi Secures Millions of Dollars in Pre-A Round

According to PEdaily.cn, Hangzhou-based Hibobi Technology Co., Ltd. ("Hibobi") recently announced the completion of a multi-million dollar Pre-A round of financing led by Orderplus, with participation from Grit Ventures, 01 Venture Capital and others. Proceeds of this financing will mainly be used for the construction of the supply chain, brand marketing and technology upgrading.

Hibobi, founded in 2019, is an e-commerce platform of mother and baby products, including mothers' clothing, children's clothing and shoes, maternal and child supplies, toys and maternity products. The company is devoted to providing high-end products and services that combine health, safety, childlikeness and creativity for mothers and children. 

Hibobi chooses natural and harmless high-quality fabrics, adopting green and environmentally-friendly printing and dyeing technology, provide safe and healthy growth for the baby. 

At present, Hibobi targets at the Middle East market, and has entered into Saudi Arabia and Arab. The company believes the latest financing will bring deep cooperation in the global market in the future. They will take advantage of the resources from Orderplus and other investors in 2020, integrating customer flow in the global market, local resources, and payment & performance. Hibobi will continue to explore in the supply chain service in the mom and baby products market, from providing products to creating the consumption value gradually.

OrderPlus is a cross-border e-commerce company that rapidly builds overseas brands and delivers high-quality Chinese design and Chinese-made products to the global consumer market. The company was founded in June 2014 and currently employs several hundred people. Its headquarter is in Xi'an and has branches in Guangzhou, Hong Kong, London, Bangkok, and now Jakarta.

Founded in 2015, Grit Ventures is a venture capital fund established by senior IT industry background (integrated circuit, semiconductor chip, Internet, enterprise service) and professional investment team, focusing on the initial and growth period of the operating subjects in China and American markets. Grit venture capital has become a unique venture capital institution in the field of Internet, integrated circuit, medical and health care.