Fuller Technology Raises CNY 350M Series B Led by Shenzhen Capital Group

Fuller Technology Secures CNY 350 Million Series B

Fuller Technology, the Shanghai-based supply-chain execution software vendor behind the FLUX suite, has raised a CNY 350 million Series B round. The financing was led by Shenzhen Capital Group, with participation from MPCi (Matrix Partners China), BOCOM Capital, Sinomach Industry Fund (国机产业基金), Kunshan Venture Capital (昆山创投) and Manshi Capital (蛮石资本).

The round was announced on 16 September 2026.

What Fuller Technology Does

Founded in Shanghai in 2004, Fuller Technology — formally Shanghai Fuller Information Technology — builds supply-chain execution software. Its FLUX suite spans four core areas:

• Warehouse management
• Transportation management
• Order collaboration
• Data integration

The company reports serving more than 1,300 large and mid-sized enterprises across 20+ industries, including 300+ listed companies. Its deployments reach 27 countries, and it maintains an overseas headquarters in Singapore.

The AI Rebuild

Fuller is rebuilding its product line around AI. According to the company, that effort includes AI coding, full-process AI agents, and the proprietary LUMA agent system, which is applied to warehousing, transport and supply-chain scheduling.

The combination of a two-decade-old enterprise customer base with an agent-based product rebuild positions Fuller at the intersection of supply-chain execution software and applied AI — a segment where incumbency in mission-critical workflows is a meaningful asset.

Why This Round Matters

The Series B brings together a state-linked lead in Shenzhen Capital Group alongside venture and strategic participants including Matrix Partners China, BOCOM Capital, Sinomach Industry Fund, Kunshan Venture Capital and Manshi Capital. The mix of institutional and industry-affiliated capital suggests continued appetite for supply-chain software vendors with an established enterprise footprint and a credible AI roadmap.

For a company founded in 2004, a Series B of this size signals a deliberate second act: leveraging an installed base of 1,300+ enterprises and 300+ listed customers to push an AI-native product line into existing and new accounts, including overseas markets served from Singapore.

Key Facts

• Company: Fuller Technology (Shanghai Fuller Information Technology, FLUX)
• Founded: 2004, Shanghai
• Round: Series B
• Amount: CNY 350 million
• Announced: 16 September 2026
• Lead investor: Shenzhen Capital Group
• Participating investors: MPCi (Matrix Partners China), BOCOM Capital, Sinomach Industry Fund (国机产业基金), Kunshan Venture Capital (昆山创投), Manshi Capital (蛮石资本)
• Product focus: Warehouse management, transportation management, order collaboration, data integration
• AI initiatives: AI coding, full-process AI agents, LUMA agent system for warehousing, transport and supply-chain scheduling
• Reach: 1,300+ large and mid-sized enterprise customers, 300+ listed companies, 20+ industries, deployments in 27 countries, overseas headquarters in Singapore

Context

Supply-chain execution software sits close to the operational core of large enterprises, which makes vendor replacement costly and customer relationships durable. Fuller's stated AI direction — agents for warehousing, transport and scheduling — targets exactly those workflows where automation can translate directly into throughput and cost metrics that enterprise buyers track.

The Series B gives the company additional capital to continue that transition while serving an existing base that spans more than 20 industries and 27 countries.