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§ Private Profile · Macau, Ilhas, Macao
GreenTech company developing and producing sustainable materials and biodegradable products for businesses, replacing plastic, paper, and wood.
ChaZence, the flagship brand of Zence Object Technology, develops biodegradable materials from agricultural waste to replace plastic, paper, and wood, and is based in Hengqin, Guangdong Province, China. The company processes organic byproducts such as tea residue, bamboo, chaff, and straw into commercial environmentally friendly alternatives, including its PrZence tea board and EnZence tea plastic lines. Operating a manufacturing facility capable of producing up to 5,000 tonnes of sustainable materials annually, the enterprise initiated commercial mass production of its tea plastic products in 2022. ChaZence supplies its sustainable packaging and material solutions to corporate customers including the beverage chain Hey Tea, and secured Series A funding from venture capital investors such as Alibaba Entrepreneurs Fund and AEF GBA Fund. The organization was founded in 2017 by Calvin Sio, Bob Lei, Fever Chu, and Jay Chan.
ChaZence has raised $2.5M across 1 funding round.
ChaZence has raised $2.5M in total across 1 funding round.
ChaZence has raised $2.5M across 1 funding round. Most recently, it raised $2.5M Seed in August 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 28, 2023 | $2.5M Seed | Gobi Partners | — | Announced |
ChaZence has raised $2.5M in total across 1 funding round.
ChaZence's investors include Gobi Partners.