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Top 12 Startups in Suzhou in 2024

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There’s no doubt that the startup scene in Suzhou is unique.

The city has created dozens of successful startups, over the years.

Some of them are already worth billions of dollars.

So whether you’re looking to start your own business, or just interested in learning about fast-growing startups from Suzhou, here’s an extensive list of 12 startups founded there.


12 Startups in Suzhou

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2,189 Accelerators & Incubators

Information about the industries, countries, and cities they generally invest in.

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1,016 Unicorns

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1,190 Unicorns

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250 FinTech Investors

List of startup investors in the FinTech industry, along with their Twitter, LinkedIn, and email addresses.

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List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.

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250 AI Investors

List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.

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1) Yunxuetang

Yunxuetang

Yunxuetang is a corporate training platform with a wide range of features.

Details of the startup:

  • Started in: 2011
  • Founders: Jane Ding, Ruize Lu
  • Industries: Corporate Training, Professional Services, Software
  • Number of employees: 501-1000
  • Funding: $389,035,685
  • Funding rounds: 8
  • Number of investors: 12 (Tencent, Sequoia Capital, Matrix Partners China, Ximalaya FM, YF Capital)

You can find their website here.

2) IntoCare

IntoCare

IntoCare is a high-tech company that focuses on surgical supplies.

Details of the startup:

  • Started in: 2015
  • Industries: Health Care, Medical, Medical Device
  • Number of employees: 11-50
  • Funding: $56,712,780
  • Funding rounds: 5
  • Number of investors: 4 (Qiming Venture Partners, Oriza Holdings, BioVenture, Oriza Fund of Funds)

You can find their website here.

3) Ascentage Pharma

Ascentage Pharma

Ascentage Pharma is a clinical-stage biopharmaceutical business with a global focus.

Details of the startup:

  • Started in: 2009
  • Founders: Dajun Yang, Ming Guo
  • Industries: Biopharma, Biotechnology, Medical, Pharmaceutical
  • Number of employees: 101-250
  • Funding: $237,486,985
  • Funding rounds: 3
  • Number of investors: 13 (Oriza Holdings, ArrowMark Partners, BioVenture, State Development & Investment Corporation (SDIC), Oriza Seed Capital (Oriza Yuandian))

You can find their website here.

4) EAVISION

EAVISION

EAVISION is a manufacturer of intelligent gear.

Details of the startup:

  • Started in: 2016
  • Founders: Wang Xinyu, Xuesong Dong
  • Industries: Agriculture, Artificial Intelligence, Drones, Hardware
  • Number of employees: 51-100
  • Funding: $40,614,526
  • Funding rounds: 4
  • Number of investors: 11 (Temasek Holdings, Pagoda, BASF, Oriza Holdings, Continental Grain Company)

You can find their website here.

5) CalmCar Vision System

CalmCar Vision System

CalmCar is a deep learning-based embedded system that can recognize and localize complicated road data.

Details of the startup:

  • Started in: 2016
  • Founders: Xi Wang
  • Industries: Autonomous Vehicles, Computer Vision, Machine Learning
  • Number of employees: 1-10
  • Funding: $18,712,334
  • Funding rounds: 3
  • Number of investors: 3 (SAIC Capital, Shenzhen Guozhong Venture Capital Management, Unicom Venture Capital)

You can find their website here.

6) Tongcheng Shenghuo

Tongcheng Shenghuo

Tongcheng Shenghuo is a platform for community O2O group purchases.

Details of the startup:

  • Started in: 2018
  • Industries: Consumer, E-Commerce, Food and Beverage
  • Number of employees: 11-50
  • Funding: $305,781,754
  • Funding rounds: 7
  • Number of investors: 13 (Tencent, JOYY, ZhenFund, Legend Capital, GSR Ventures)

You can find their website here.

7) GaiaWorks

GaiaWorks

GaiaWorks is a company that creates workforce management software.

Details of the startup:

  • Started in: 2009
  • Founders: Alex Zhang, Simpson Zhang, Steven Wei
  • Industries: Electronics, Information Technology, Software, Virtual Workforce
  • Number of employees: 101-250
  • Funding: $147,181,163
  • Funding rounds: 5
  • Number of investors: 8 (Tencent, GGV Capital, Tiger Global Management, Matrix Partners China, Matrix Partners)

You can find their website here.

8) Suzhou Kintor Pharmaceuticals

Suzhou Kintor Pharmaceuticals

Kintor is a pharmaceutical research and development firm.

Details of the startup:

  • Started in: 2009
  • Founders: Chuangxin Guo, Youzhi Tong
  • Industries: Biopharma, Biotechnology, Health Care, Life Science, Pharmaceutical
  • Number of employees: 11-50
  • Funding: $99,000,000
  • Funding rounds: 3
  • Number of investors: 8 (Green Pine Capital Partners, Oriza Holdings, Highlight Capital, CCB International, Broad Resources)

You can find their website here.

9) Phylion Battery

Phylion Battery

Phylion Battery is a lithium-ion battery producer for electric vehicles.

Details of the startup:

  • Started in: 2003
  • Founders: Liquan Chen
  • Industries: Battery, Electric Vehicle, Manufacturing
  • Number of employees: 501-1000
  • Funding: $200,216,428
  • Funding rounds: 3
  • Number of investors: 7 (Yingke Capital, Legend Holdings, CCB International, PCCW, Boxin Capital)

You can find their website here.

10) Innolight

Innolight

InnoLight Technology is a prominent high-speed optical transceiver supplier in China, specializing in research, design, manufacturing, and distribution.

Details of the startup:

  • Started in: 2008
  • Founders: Sheng Liu
  • Industries: Cloud Computing, Market Research
  • Number of employees: 11-50
  • Funding: $39,000,000
  • Funding rounds: 4
  • Number of investors: 6 (CapitalG, The Jordan Company, Lightspeed China Partners, Majuven, China Singapore Suzhou Industrial Park Ventures)

You can find their website here.

11) Porton Biologics

Porton Biologics

Porton Biologics provides innovators with end-to-end gene/therapy CDMO services, from early stage development to IND filing and commercial production.

Details of the startup:

  • Started in: 2018
  • Industries: Genetics, Pharmaceutical, Therapeutics
  • Number of employees: 51-100
  • Funding: CN¥400,000,000
  • Funding rounds: 1
  • Number of investors: 5 (GL Ventures, State Development & Investment Corporation (SDIC), HM Capital, Huatai Ruilian, Momentum Venture)

You can find their website here.

12) FreshMarket

FreshMarket

FreshMarket is a supplier of an online retail platform that serves as a marketplace for grocery shopping.

Details of the startup:

  • Started in: 2012
  • Industries: E-Commerce, Food and Beverage, Marketing, Marketplace
  • Number of employees: 10001+
  • Funding: $156,011,323
  • Funding rounds: 6
  • Number of investors: 5 (Addor Capital, Tiantu Capital, SND Ventures Group, ShareLink Capital, Yiguo Group)

You can find their website here.

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