- Companies
- Acewill
Acewill Funding, Investors & Competitors
Acewill has raised $145M across 4 funding rounds, most recently a $81M strategic investment round in May 2023.
About Acewill
Acewill is a Shenzhen-based SaaS provider offering restaurant management software for the catering industry. Its cloud platform handles POS, inventory, CRM, and delivery integrations, serving over 10,000 outlets in China since 2010. Acewill supports chains like Haidilao with features for order processing and data analytics across WeChat and Alipay payments.
Founded
2006
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Acewill Funding History
Acewill has raised a total of $145M across 4 funding rounds.
Acewill's first fundraising round was a $7M Series A in December 2014. The most recent completed round was a $81M strategic investment round in May 2023.
Acewill funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2023 | Strategic investment | Weimob (lead) | $81M | Acewill is a SaaS company, likely focused on software services given the comparable company valuation method using EV/Revenue ratios of listed SaaS peers. On May 8, 2023, Weimob Development, a subsidiary of Weimob Inc., invested in Acewill through a combination of RMB20 million cash and transfer of 100% equity in Weimob Canlin valued at RMB550 million, subscribing for new registered capital of RMB12,449,053.74 initially referenced, with the disposal consideration involving issuance of RMB12,012,244.84 in new capital corresponding to 24.7748% equity interest post-investment. This implies a post-money valuation of approximately RMB562.47 million for Acewill, determined via arm's length negotiations based on an EV/Revenue ratio of around 11.00x, matching the average for Mainland China and Hong Kong listed SaaS companies per Bloomberg data as of April 20, 2023, alongside Acewill's prior round post-money valuation and business prospects. The investment positions Acewill as an associate of Weimob Inc. following completion, with Weimob Canlin ceasing to be a subsidiary after the equity transfer. Weimob Inc., the parent, separately reported its own group revenue of RMB2,228 million for 2023, up 21.1% year-over-year, with improved gross profit margins to 66.6%, but these metrics pertain to Weimob, not Acewill. The deal reflects strategic consolidation or growth in the SaaS ecosystem, leveraging Weimob's resources for Acewill amid a market where SaaS valuations averaged 11x EV/Revenue in early 2023. |
| Mar 2018 | Series C | Meituan (lead); HSG | $32M | - |
| Jun 2015 | Series B | Meituan; HSG | $26M | - |
| Dec 2014 | Series A | HSG (lead) | $7M | - |
Who has invested in Acewill?
3 investors have backed Acewill across its funding rounds, including HSG, Meituan and Weimob.
Lead investors include Weimob, Meituan and HSG.
Acewill Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Dec 2014 | ||
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Start Free TrialAcquisitions by Acewill
Acewill has acquired 1 company to date.
Last acquisition by Acewill was on December 13th 2017. Acewill acquired TzxStar for $8M.
Latest Acquisitions by Acewill
| Description | TzxStar is a Shanghai-based platform aggregating catering and restaurant data services. The company offers online directories, booking systems, and supply chain information for foodservice operators in China. |
| HQ Country | |
| HQ City | Beijing |
| Deal Date | 13 Dec 2017 |
| Valuation | $8M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Acewill acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by Acewill
Acewill has invested in 2 companies to date.
Latest investment by Acewill was on January 25th 2016. Acewill invested in Huami in their $500K Angel round.
Latest Investments by Acewill
| Description | Huami delivers data services through software products like intelligent cloud supervision, cloud monitoring, e-learning platforms, and SDK middleware, while redeveloping enterprise and user behavior data into decision-support databases at huami-tech.com. | Hongcan Wang is a China-based digital platform for the catering industry facilitating professional communication and knowledge exchange. Features encompass forums for restaurant managers, recipe sharing sections for chefs, supplier directories, and webinars on food safety regulations. The site connects operators from fast-food chains to high-end hotels across provinces like Guangdong and Shandong. |
| HQ Country | ||
| HQ City | Shanghai | Guangzhou |
| Deal Date | 25 Jan 2016 | 1 Dec 2015 |
| Round | Angel | Series A |
| Raised | $500K | $2M |
| Investors | - | - |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Acewill investments and their VC round multiples. Start Free Trial | ||
Acewill Competitors
Acewill competitors include listed companies like Constellation Software and SS&C Technologies, and private ones like Owner, Delightree, Rippling and The Deployment Company.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $2.3B | 23.0x | ||
| Private | $4M | - | $290M | 72.5x | ||
| Publicly listed | $12B | $2.5B | $43B | 3.5x | ||
| Publicly listed | $6.3B | $2.1B | $19B | 3.9x | ||
| Private | $570M | - | $17B | 29.5x | ||
| Private | - | - | $14B | - |
Acewill Public Comps
Acewill is still privately-owned, but its public comps include Constellation Software, SS&C Technologies, Topicus, Intapp, RWS Holdings, CS Disco, Hibino, Xp Industrial FII, GetBusy and Valtes Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $12B | $2.5B | 4.0x | 3.5x | 18.5x | 12.9x | |||
| $6.3B | $2.1B | 4.2x | 3.9x | 12.4x | 10.0x | |||
| $1.8B | $393M | 3.4x | 3.0x | 15.3x | 10.6x | |||
| $578M | ($16M) | 4.6x | 4.5x | (164.3x) | 20.9x | |||
| $927M | ($26M) | 0.7x | 0.7x | (27.2x) | 4.8x | |||
| $157M | ($44M) | 1.1x | 1.0x | (4.0x) | (22.1x) | |||
| $435M | $60M | 0.6x | 0.6x | 4.3x | - | |||
| $9M | - | 10.0x | - | - | - | |||
This data is available for Pro users. Sign up to see all Acewill competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Acewill
| When was Acewill founded? | Acewill was founded in 2006. |
| Where is Acewill headquartered? | Acewill is headquartered in Beijing, China. |
| Is Acewill publicly listed? | No, Acewill is a private, VC-backed company. |
| How much funding has Acewill raised? | Acewill has raised $145M across 4 funding rounds. |
| What was Acewill's last funding round? | Acewill's last funding round was a $81M strategic investment round in May 2023, led by Weimob. |
| Who are Acewill's investors? | Acewill's investors include HSG, Meituan and Weimob. |
| Which companies are comparable to Acewill? | Companies comparable to Acewill include Owner, Delightree, Constellation Software, SS&C Technologies, Rippling and The Deployment Company. |
| How many companies has Acewill acquired? | Acewill has acquired 1 company, including TzxStar. |
| What was the largest acquisition by Acewill? | The $8M acquisition of TzxStar in December 2017 is the largest acquisition Acewill has made to date. |
| How many companies has Acewill invested in? | Acewill has invested in 2 companies, including Huami and Hongcan Wang. |
| What was Acewill's last investment? | In January 2016, Acewill invested in Huami's $500K angel round. |
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