- Companies
- AkroStar
AkroStar Funding, Investors & Competitors
AkroStar has raised $140M across 2 funding rounds, most recently a $78M Series A in May 2021.
Last AkroStar funding round
$78M
Series A · May 2021
Cumulative funding AkroStar raised
$140M
across 2 funding rounds
Key investors in AkroStar
HSG
Gaorong Capital
GL Ventures
V Fund Management
Panorama Capital
Zhuhai Da Heng Qin
ZhenFund
Matrix Partners China
About AkroStar
AkroStar, also known as Xin Yaohui Technology, is a Zhuhai, China-based semiconductor company that supplies intellectual-property tools and blocks to chipmakers building systems-on-chips for intelligent electronic devices. Founded in 2020, it focuses on reusable logic, cells, and integrated-circuit layouts used by chip design firms and foundries. The company is led by CEO Zeng Keqiang, who previously worked at Synopsys.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing, Subscription
AkroStar Funding History
AkroStar has raised a total of $140M across 2 funding rounds.
AkroStar's first fundraising round was a $62M seed round in February 2021. The most recent completed round was a $78M Series A in May 2021.
AkroStar funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2021 | Series A | Gaorong Capital (lead); Matrix Partners China; Zhuhai Da Heng Qin; Mecau university of technology and science; GL Ventures; Lanpu Venture; University of Macau Development Foundation; HSG; V Fund Management; Panorama Capital | $78M | AkroStar raised a Series A round of about CNY 500 million in May 2021 from ten investors, including Gaorong Capital, Matrix Partners China, GL Ventures, V Fund Management, Panorama Capital, Lanpu Venture, HSG, the University of Macau Development Foundation and the Zhuhai Hengqin state-owned group. The round came less than a year after the company was established in June 2020 by a team that spun out from a US-headquartered chip IP business. AkroStar develops semiconductor intellectual property cores, the reusable design blocks used in chips, and sells mainly to mainland Chinese chipmakers and technology companies. It is headquartered on Hengqin Island in Zhuhai, with a main office in Macau. Chairman and chief executive Zeng Keqiang leads the company, and Professor Ben Seng Pan U is among its co-founders. Later reports put total financing at about RMB 1 billion. |
| Feb 2021 | Seed | Gaorong Capital (lead); GL Ventures (lead); HSG (lead); V Fund Management (lead); ZhenFund; Zhuhai Da Heng Qin; Dashu Finance; 5Y Capital; Green Pine Capital Partners; Panorama Capital | $62M | AkroStar, also known as Xin Yaohui Technology, is a Zhuhai-headquartered Chinese semiconductor firm founded in June 2020 that provides intellectual property (IP) tools and blocks to chipmakers for systems-on-chips (SoCs) in intelligent electronic devices. The company targets the upstream semiconductor sector, focusing on reusable logic, cells, or integrated circuit layouts, amid China's push for self-reliance in core technologies like semiconductors where overseas firms have dominated. AkroStar's founder and CEO Zeng Keqiang brings over two decades of experience from companies like Synopsys, and the firm has demonstrated its IP meets needs of chip design companies and foundries. In February 2021, AkroStar closed its angel and pre-Series A rounds, raising a combined RMB 400 million (USD 62 million), with the pre-Series A co-led by GL Ventures (Hillhouse Capital’s early-stage unit), Sequoia China Capital, V Fund, and Gaorong Capital. Other participants included Green Pine Capital Partners, state-owned Zhuhai Da Heng Qin Group, 5Y Capital, Panorama Capital, plus angel investors ZhenFund and Da Shu Changqing. Later, AkroStar raised RMB 500 million (USD 78 million) in a Series A backed by University of Macau Development Foundation and Macau University of Science and Technology Foundation, led by Gaorong Capital with participants including Da Heng Qin Group, Matrix Partners China (Sequoia Capital China), Lanpu Ventures (likely GL Ventures), V Fund, and Panorama Capital. Overall funding reached about USD 155 million post-Series A, with cumulative totals reported variably up to USD 139.64 million over five rounds by May 2025 including a Series C. |
Who has invested in AkroStar?
14 investors have backed AkroStar across its funding rounds, including HSG, Gaorong Capital, GL Ventures, V Fund Management, Panorama Capital and Zhuhai Da Heng Qin.
Lead investors include Gaorong Capital, GL Ventures, HSG and V Fund Management.
AkroStar Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Feb 2021 | ||
| 2 | Lead | Feb 2021 | ||
| 2 | Lead | Feb 2021 | ||
| 2 | Lead | Feb 2021 | ||
| 2 | Lead | Feb 2021 | ||
| 2 | Participant | Feb 2021 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | Feb 2021 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | Feb 2021 | ||
| 1 | Participant | Feb 2021 | ||
| 1 | Participant | May 2021 | ||
This data is available for Pro users. Sign up to see all 14 AkroStar investors. Start Free Trial | ||||
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Start Free TrialAkroStar Competitors
AkroStar competitors include listed companies like Unity and Adobe, and private ones like Machxin Technology, SmartMore Corporation Limited, Velaura AI and Openchip.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.8B | ($18M) | $23B | 10.1x | ||
| Private | - | - | $2.5B | - | ||
| Private | $150M | - | $1.2B | 8.0x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $791M | - | ||
| Publicly listed | $24B | $9.3B | $93B | 3.6x |
AkroStar Public Comps
AkroStar is still privately-owned, but its public comps include NVIDIA, TSMC, Broadcom, Samsung, Micron, AMD, SK hynix, ASML, CXMT and Intel.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $216B | $142B | 20.8x | 12.3x | 31.5x | 18.6x | |||
| $116B | $80B | 13.8x | 9.7x | 19.9x | 13.3x | |||
| $64B | $34B | 22.5x | 13.4x | 41.8x | 19.7x | |||
| $247B | $68B | 3.1x | 1.6x | 11.3x | 2.7x | |||
| $133B | $108B | 5.6x | 4.6x | 6.9x | 5.5x | |||
| $35B | $7.1B | 21.1x | 14.7x | 103.3x | 55.0x | |||
| $72B | $48B | 7.5x | 2.3x | 11.3x | 2.8x | |||
| $37B | $14B | 14.8x | 11.3x | 39.3x | 26.1x | |||
This data is available for Pro users. Sign up to see all AkroStar competitors and their valuation data. Start Free Trial | ||||||||
Common questions about AkroStar
| When was AkroStar founded? | AkroStar was founded in 2020. |
| Where is AkroStar headquartered? | AkroStar is headquartered in China. |
| Is AkroStar publicly listed? | No, AkroStar is a private, VC-backed company. |
| How much funding has AkroStar raised? | AkroStar has raised $140M across 2 funding rounds. |
| What was AkroStar's last funding round? | AkroStar's last funding round was a $78M Series A in May 2021, led by Gaorong Capital. |
| Who are AkroStar's investors? | AkroStar's investors include Zhuhai Da Heng Qin, Gaorong Capital, GL Ventures, HSG, V Fund Management, Panorama Capital, Matrix Partners China, ZhenFund, Mecau university of technology and science, Dashu Finance and 4 others. |
| Which companies are comparable to AkroStar? | Companies comparable to AkroStar include Unity, Machxin Technology, SmartMore Corporation Limited, Velaura AI, Openchip and Adobe. |
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