(Yicai Global) Oct. 17 -- Shanxi Qingchuan Zhongbang Network Technology Co., a startup providing advisory services for entrepreneurs in second-tier cities and known as Qingchuang Zhongbang or QCZB, has raised CNY10 million (USD1.51 million) in angel funding, online media outlet 36Kr reported.

The firm will use the funds to develop new products, improve its team and promote its services across China.

QCZB makes money by selling standardized one-year service packages, named 'startup IPOs,' to businesses at between CNY30,000 and CNY100,000, said company founder Wang Fengfei.

The company helps its customers to sort out their business models, get listed on a platform set up by the Communist Party's Youth League and the Securities Association of China, conduc  third-party valuations and quotations and make short videos about their projects. QCZB also organizes online and offline roadshow events to help startups get in touch with industry funds and investment institutions.

Consultants at the firm, who used to be analysts or investment managers at venture capital of private equity firms, have knowledge about starting businesses and transforming business models by leveraging internet technologies in traditional sectors, Wang told 36Kr.

QCZB has around 6,000 projects in its pool, of which around 200 are paid. Some 80 percent of customers choose to stay with the company after their one-year packages expire, and 13 of the 200 firms served by the company have received more than CNY3 million in funding, Wang added.