6 Tea Valuation, Funding & Investors

6 Tea is valued at $1.3B as of July 2019.

See full 6 Tea profile

Last 6 Tea valuation

$1.3B

Seed · Jul 2019

Last 6 Tea funding round

$3M

Seed · Jul 2019

Cumulative funding 6 Tea raised

$17M

across 3 funding rounds

Key investors in 6 Tea

6 Tea Overview

About 6 Tea

6 Tea is a Beijing-based online platform pioneering tea room sharing in China. Launched to propagate millennial tea culture, it connects tea enterprises with consumers by facilitating space and product resource sharing. The service enables novel marketing channels for tea businesses through cultural events, virtual rooms, and community-driven dissemination across major cities.


Founded

2017

HQ

ChinaChina

Status

Privately held

Customer focus

B2B & B2C

Revenue model

Commission

Valuation

$1.3B (Jul 2019)

6 Tea Valuation

6 Tea is currently valued at $1.3B, based on its seed round in July 2019.

6 Tea valuation by funding round

6 Tea valuation by funding round
DateStageValuation
Jul 2019Seed$1.3B

6 Tea Funding History

6 Tea has raised a total of $17M across 3 funding rounds.

6 Tea's first fundraising round was a $400K pre-seed round in March 2018. The most recent completed round was a $3M seed round in July 2019.

6 Tea funding rounds

6 Tea funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2019Seed-$3M$1.3BHeytea, also known as 6 Tea, is a Chinese teashop chain founded in 2012 and operated by Shenzhen Meixixi Catering Management. The company had expanded to 390 outlets across 43 Chinese cities by the end of 2019, opening 227 stores that year, and grew its official miniapp user base to 21.5 million. In July 2019, Tencent Holdings and Sequoia Capital China led a funding round that valued Heytea at CNY9 billion post-money. This valuation represented significant growth in the burgeoning Chinese teashop market, positioning Heytea against competitors like Nayuki Tea, which later pursued a USD400 million US IPO, and Luckin Tea, a Starbucks rival spin-off.
Jun 2019Series AForty-nine union (lead)$14M--
Mar 2018Pre-seed-$400K--

Who has invested in 6 Tea?

1 investor has backed 6 Tea across its funding rounds, including Forty-nine union.

Lead investors include Forty-nine union.


6 Tea Investors

Investors in 6 Tea by funding rounds participated
InvestorHQRoundsRoleFirst check

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6 Tea Competitors

6 Tea competitors include listed companies like Alma Media, Mony Group and Izumi Co, and private ones like Clipboard Health, Bucketplace and Papa.

Public and private companies comparable to 6 Tea
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Clipboard HealthUnited StatesSan Francisco, CAPrivate--$1.3B-
Alma MediaFinlandFinlandPublicly listed$377M$110M$1.3B3.7x
Mony GroupUnited KingdomUnited KingdomPublicly listed$599M$184M$1.3B2.3x
Izumi CoJapanJapanPublicly listed$3.7B$300M$1.4B0.6x
BucketplaceSouth KoreaSeoulPrivate$181M-$1.4B7.7x
PapaUnited StatesMiami, FLPrivate--$1.4B-

6 Tea Public Comps

6 Tea is still privately-owned, but its public comps include Bega Cheese, Alma Media, Flowers Foods, Podravka, Mony Group, Utz Brands, Seneca Foods, Izumi Co, Aker BioMarine and AIR Global.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Bega Cheese$2.7B$143M0.6x0.6x10.8x9.4x
Alma Media$377M$110M3.8x3.7x13.1x11.6x
Flowers Foods$5.3B$359M0.6x0.6x9.0x6.7x
Podravka$1.2B$260M1.5x1.4x6.6x8.4x
Mony Group$599M$184M2.3x2.3x7.5x7.1x
Utz Brands$1.4B$124M2.0x1.9x23.1x12.6x
Seneca Foods$1.7B$211M0.8x0.8x6.6x7.3x
Izumi Co$3.7B$300M0.6x0.6x6.9x6.8x

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Common questions about 6 Tea

When was 6 Tea founded?6 Tea was founded in 2017.
Where is 6 Tea headquartered?6 Tea is headquartered in China.
Is 6 Tea publicly listed?No, 6 Tea is a private, VC-backed company.
What is 6 Tea's valuation?6 Tea was last valued at $1.3B in its seed round in July 2019.
How much funding has 6 Tea raised?6 Tea has raised $17M across 3 funding rounds.
What was 6 Tea's last funding round?6 Tea's last funding round was a $3M seed round in July 2019.
Who are 6 Tea's investors?6 Tea's investors include Forty-nine union.
Which companies are comparable to 6 Tea?Companies comparable to 6 Tea include Clipboard Health, Alma Media, Mony Group, Izumi Co, Bucketplace and Papa.

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