Suzhou Hengdao Catering Management Co., Ltd. has completed a Series A financing of 12 million yuan.

36Kr learned that recently, "Fulaiwei", a brand under Suzhou Hengdao Catering Management Co., Ltd., completed a Series A financing of 12 million yuan. This round of financing was invested by Shanghai Chaoxin Industrial Investment Co., Ltd. The funds from this financing will be mainly used for the upgrade of the supply chain system, the construction of a digital system, and the expansion of the national market. Fulaiwei was founded in 2017. Centered around three popular products: Shaanxi cold noodles, roujiamo (Chinese hamburger), and oil-splashed noodles, it has developed a product matrix of more than 30 items with a high repurchase rate.