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- 5Lmeet
5Lmeet Valuation, Funding & Investors
5Lmeet is valued at $435M as of March 2017.
Last 5Lmeet valuation
$435M
Series B · Mar 2017
Last 5Lmeet funding round
$58M
Undisclosed stage · May 2017
Cumulative funding 5Lmeet raised
$146M
across 4 funding rounds
Key investors in 5Lmeet
ZhenFund
HSG
GIC
Gaorong Capital
Gopher Asset Management
Beijing Xingpai Group
5Lmeet Overview
About 5Lmeet
5Lmeet is a Beijing-based lifestyle co-working operator with a center in Dongcheng district. Facilities include open-plan offices, a gym, rooftop garden, bookstore, and event venues available 24/7. Opened in 2019, it hosts 500 members from tech startups attending workshops in the 5,000 square meter space.
Founded
2015
HQ
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$435M (Mar 2017)
5Lmeet Valuation
5Lmeet is currently valued at $435M, based on its Series B in March 2017.
The $15M round was led by GIC and Kaifeng Culture Tourism Investment Group.
5Lmeet's valuation has moved from $446M at its Series A in October 2016 to $435M in March 2017, across 2 priced rounds.
5Lmeet valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2017 | Series B | $435M |
| Oct 2016 | Series A | $446M |
5Lmeet Funding History
5Lmeet has raised a total of $146M across 4 funding rounds.
5Lmeet's first fundraising round was a $14M Series A in October 2015. The most recent completed round was a $58M undisclosed-stage round in May 2017.
5Lmeet funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2017 | Undisclosed stage | Beijing Xingpai Group (lead) | $58M | - | 5Lmeet is a Beijing-based co-working and co-living startup founded in December 2015 by Mao Daqing, combining flexible office facilities with dining and rental apartments; it operated three locations in Beijing as of mid-2017. In May 2017, Beijing Xingpai Group, a conglomerate known for pool tables, sports goods, real estate, and investment, invested RMB 400 million (approximately $58 million) specifically in 5Lmeet as part of a total RMB 800 million split equally with Mao's other company URWork. This brought 5Lmeet's total funding to around RMB 900 million including prior angel investments, with the capital aimed at supporting industrial transformation and facility upgrades in China's co-working sector. Post-investment, URWork and 5Lmeet were valued together at RMB 12 billion ($1.75 billion), highlighting their combined scale in a competitive market resembling a winner-take-all battle among players like Ucommune. Sources note 5Lmeet's standout performance, achieving RMB 1 billion ($146 million) per center opened, though this metric is not defined as revenue, ARR, or EBITDA. Beijing Xingpai's involvement reflects strategic synergies with its real estate arms like Beijing Xingrui and Longxi Properties, aligning with 5Lmeet's property-dependent model covering top-tier Chinese cities. The investment built on prior backing for 5Lmeet, such as GIC's RMB 100 million in February 2017 and an earlier RMB 400 million round in October 2016. Later, Beijing Xingpai continued investing in Mao's ecosystem, including Ucommune (formerly linked to 5Lmeet) with additional RMB 200 million in 2019-2020, amid plans for NASDAQ IPO and expansion. |
| Mar 2017 | Series B | GIC (lead); Kaifeng Culture Tourism Investment Group (lead) | $15M | $435M | 5Lmeet is a Beijing-based space-sharing startup founded in December 2015 by former China Vanke vice-chairman Mao Daqing, offering co-living and co-working spaces that integrate office, living, leisure, and social amenities across China. The company operates centers in Beijing's Dongcheng district featuring open offices, bookstores, gyms, rooftop gardens, restaurants, and event spaces, with plans to expand to at least ten more locations including Shanghai and Henan province. In early 2017, around March 1, 5Lmeet raised RMB100 million ($14.5 million) in a funding round led by Singapore's sovereign wealth fund GIC and Kaifeng Culture Tourism Investment Group, a Chinese local government fund. This round valued the company at over RMB 3 billion. The investment followed a Series A round in October 2016 where it raised over RMB 400 million from investors including Jinyun Electrical and Junzi Capital. GIC expressed optimism about China's urban renewal, sharing economy, and real estate innovation, highlighting the long-term growth potential of integrated urban spaces like 5Lmeet in mega cities such as Beijing and Shanghai. 5Lmeet competes in China's rapidly expanding co-working sector alongside players like WeWork and URWork, the latter also founded by Mao Daqing and valued at $1 billion around the same period. |
| Oct 2016 | Series A | Jinyun Electrical Installation (lead); Junzi Capital (lead); ZhenFund; Gaorong Capital | $59M | $446M | - |
| Oct 2015 | Series A | ZhenFund; Gopher Asset Management; HSG | $14M | - | - |
Who has invested in 5Lmeet?
9 investors have backed 5Lmeet across its funding rounds, including ZhenFund, HSG, GIC, Gaorong Capital, Gopher Asset Management and Beijing Xingpai Group.
Lead investors include Beijing Xingpai Group, GIC, Kaifeng Culture Tourism Investment Group, Jinyun Electrical Installation and Junzi Capital.
5Lmeet Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Oct 2015 | ||
| 1 | Lead | May 2017 | ||
| 1 | Lead | Oct 2016 | ||
| 1 | Participant | Oct 2016 | ||
| 1 | Lead | Mar 2017 | ||
| 1 | Lead | Mar 2017 | ||
| 1 | Participant | Oct 2015 | ||
This data is available for Pro users. Sign up to see all 9 5Lmeet investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free Trial5Lmeet Competitors
5Lmeet competitors include listed companies like Falcons Beyond Global, Parken Sport, The Gym Group and Cinema XXI, and private ones like Unrivaled Sports and ShengXianChuanQi.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $15M | $10M | $331M | - | ||
| Publicly listed | $290M | $87M | $305M | - | ||
| Private | $30M | - | $650M | 21.7x | ||
| Private | - | - | $435M | - | ||
| Publicly listed | $329M | $121M | $437M | 2.8x | ||
| Publicly listed | $330M | $104M | $432M | 1.3x |
5Lmeet Public Comps
5Lmeet is still privately-owned, but its public comps include The Gym Group, Cinema XXI, Raisio, Seprod, Servcorp, Beijing Jingxi, HelloFresh, Marr, Fore Kopi Indonesia and Cultiba.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $329M | $121M | 3.0x | 2.8x | 8.1x | 7.3x | |||
| $330M | $104M | 1.4x | 1.3x | 4.4x | 4.4x | |||
| $258M | $48M | 1.4x | 1.4x | 7.5x | 8.4x | |||
| $966M | $97M | 0.8x | - | 8.5x | - | |||
| $249M | $67M | 2.2x | 2.1x | 8.2x | 3.6x | |||
| $50M | ($43M) | 9.0x | - | (10.3x) | - | |||
| $7.8B | $246M | 0.0x | 0.0x | 1.5x | 0.8x | |||
| $2.4B | $103M | 0.3x | 0.3x | 8.0x | 6.8x | |||
This data is available for Pro users. Sign up to see all 5Lmeet competitors and their valuation data. Start Free Trial | ||||||||
Common questions about 5Lmeet
| When was 5Lmeet founded? | 5Lmeet was founded in 2015. |
| Where is 5Lmeet headquartered? | 5Lmeet is headquartered in China. |
| Is 5Lmeet publicly listed? | No, 5Lmeet is a private, VC-backed company. |
| What is 5Lmeet's valuation? | 5Lmeet was last valued at $435M in its Series B in March 2017. |
| How much funding has 5Lmeet raised? | 5Lmeet has raised $146M across 4 funding rounds. |
| What was 5Lmeet's last funding round? | 5Lmeet's last funding round was a $58M undisclosed-stage round in May 2017, led by Beijing Xingpai Group. |
| Who are 5Lmeet's investors? | 5Lmeet's investors include ZhenFund, Beijing Xingpai Group, Jinyun Electrical Installation, Gaorong Capital, GIC, Kaifeng Culture Tourism Investment Group, Gopher Asset Management, HSG and Junzi Capital. |
| Which companies are comparable to 5Lmeet? | Companies comparable to 5Lmeet include Falcons Beyond Global, Parken Sport, Unrivaled Sports, ShengXianChuanQi, The Gym Group and Cinema XXI. |
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