According to ChainCatcher, when Unitree Technologies was founded in 2016, it received its first external investment from early angel investor Yin Fangming, who invested RMB 2 million for a 15% equity stake. After subsequent rounds of financing diluted his ownership, Yin Fangming’s entity, Junwan Hongyi, held 11,174,900 shares prior to the IPO, representing approximately 2.76% of the company—making him Unitree’s tenth-largest shareholder. Based on the IPO market capitalization of RMB 61 billion, his stake was valued at approximately RMB 1.685 billion, yielding a net profit of RMB 1.683 billion compared to his initial RMB 2 million investment, for a return multiple of 841.5x.
Early angel investor in Unitree Tech earns 841.5x return with 2.76% stake
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Summary
On-chain news reveals that early angel investor Yin Fangming acquired a 15% stake in Unitree Tech for 2 million RMB in 2016. After several funding rounds, his stake diluted to 2.76%, now valued at 16.85 billion RMB based on the company’s 610 billion RMB IPO valuation. This represents an 841.5x return and a net profit of 16.83 billion RMB, underscoring strong private equity funding activity.
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