Nxin

Nxin

Also known as Beijing Nxin Internet Technology, Nxin operates an agricultural internet platform providing data, e-commerce and financial service for the agricultural industry.

The Beijing Nxin Technology Group Co Ltd., known as Nxin, and founded in 2015, operates an online agricultural platform,known as the Internet of Pig Industry. They offer agricultural data sharing, agricultural products distribution and loans.

As part of their data sharing, they offer a place for farmer's to share information on diseases, medical remedies and general guidance.

The Internet of Pig Industry

Through the Internet of Pig Industry, Nxin has been able to realize a management of digitization, business e-commerce, financial development and industrial ecology for their users.

Their model and data has expanded to include citrus fruits, donkeys, aquatic products, eggs and poultry. They realize cross-border integration of internet and agriculture and are trying to use data to upgrade the pig industry across China.

Funding

Series B

In September of 2018, Nxin raised the equivalent of $53 million USD. Beijing Junenghesheng Industry Investment Fund and Beijing Shuju Xinrong Investment Management Co., Ltd. led the round. The round valued Nxin at the equivalent of $1 billion USD.

Nxin committed the new funding to an expansion of their operating centers, an iterative development of their products, including an Internet of Pig Industry 3.0, and continuous development of cloud storage.

Timeline

September 19, 2018

China's Nxin raises $53 million in Series B financing round

Nxin, a Beijing-based agriculture internet platform operator, has raised 364 million yuan ($53 million) in Series B financing round from Beijing Junenghesheng Industry Investment fund and peer Shuju Xinrong.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Nxin Series B round
53,000,000
1 Result
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People

Name
Role
LinkedIn

Shao Genqi

Board Member

Wang Ke

Board Member

Xia Alin

Board Member

Xue Suwen

Co-Founder, Chairman and Manager

Yan Junfeng

Co-Founder

Zhao Guodong

Board Member

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References

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