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- APUS Group
APUS Group Revenue, Valuation, Funding & Investors
APUS Group is valued at $1B as of January 2015, a 58.8x multiple on its last reported $17M revenue.
Last APUS Group valuation
$1B
Series B · Jan 2015
Last APUS Group funding round
$100M
Series B · Jan 2015
APUS Group revenue
$17M
Series B · Jan 2015
Key investors in APUS Group
Northern Light Venture Capital
Qiming Venture Partners
Redpoint
SIG China (SIG Asia Investments)
Redpoint Ventures China
Chengwei Capital
About APUS Group
APUS Group is a Beijing-headquartered mobile internet technology company founded in June 2014, delivering APUS System as an optimized Android user interface supporting 25 languages for faster internet access. Recognized as the world's youngest unicorn by Wall Street Journal in August 2015 with a $1 billion valuation, it amassed 1.2 billion users across 200 countries by 2017, including 69 percent in 65 Belt and Road nations. APUS offers APUS AI and APUS Cloud services to enhance mobile experiences globally.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Advertising
Revenue
$17M (Jan 2015)
Valuation
$1B (Jan 2015)
Sectors
APUS Group Valuation
APUS Group is currently valued at $1B, based on its Series B in January 2015.
The $100M round was led by Chengwei Capital, Qiming Venture Partners and SIG China (SIG Asia Investments), with participation from Northern Light Venture Capital and Redpoint Ventures China.
APUS Group's valuation has moved from $1B at its Series A in June 2014 to $1B in January 2015, across 2 priced rounds.
APUS Group valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jan 2015 | Series B | $1B | 58.8x |
| Jun 2014 | Series A | $1B | - |
APUS Group Revenue
APUS Group's latest recorded revenue is $17M, as of its Series B in January 2015. At a $1B valuation, that implies a 58.8x revenue multiple.
APUS Group revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2015 | $17M | $1B | 58.8x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
APUS Group Funding History
APUS Group has raised a total of $116M across 2 funding rounds.
APUS Group's first fundraising round was a $16M Series A in June 2014. The most recent completed round was a $100M Series B in January 2015.
APUS Group funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2015 | Series B | Chengwei Capital (lead); Qiming Venture Partners (lead); SIG China (SIG Asia Investments) (lead); Northern Light Venture Capital; Redpoint Ventures China | $100M | $1B | APUS Group is a Beijing-based Android app developer specializing in lightweight apps like launcher, browser, booster, and user system suite, targeting emerging markets with over 920 million users worldwide by 2016. Founded in June 2014, it quickly gained traction in developing countries anticipating smartphone usage surge. In January 2015, around the specified date, the company completed a $100 million Series B funding round led by Chengwei Capital, Qiming Venture Partners, and SIG China (SIG Asia Investments), with participation from Northern Light Venture Capital and Redpoint Ventures China, bringing total funding to approximately $116 million across rounds. The funds supported global expansion and product development, including partnerships with Huawei, Meizu, Facebook, Amazon, Yahoo, Twitter, Google, and local players like InMobi, Ola, Flipkart in India, and Yandex in Russia. APUS later raised a Series C in January 2017 with Shenzhen Capital Group, achieving unicorn status at $1.5 billion valuation by 2016, and launched a $45 million fund for Indian startups. |
| Jun 2014 | Series A | Redpoint; Northern Light Venture Capital | $16M | $1B | APUS Group, founded in 2014, develops a smartphone management system including APUS Launcher to boost mobile performance, clean RAM, and speed up Android devices, targeting emerging markets like India and Indonesia with localized services. The company generates revenue from advertising with high gross profit margins of 95 percent and focuses on user growth in regions with weaker mobile internet infrastructure. APUS Group raised $100 million in a Series B funding round in 2015, led by Chengwei Capital, SIG, and Qiming Venture Partners, with participation from Series A investors including Northern Light Venture Capital and Redpoint Ventures, achieving a post-money valuation of $1,000 million and unicorn status. Northern Light Venture Capital and Redpoint Ventures also co-led the APUS Fund in India with Rs 300 crore initial corpus in December 2015. By 2017, APUS Group had amassed over 1 billion users globally across more than 200 countries, with significant traction in South Asia, Southeast Asia, and the Middle East, and total funding reaching $116.3 million across three rounds. |
Who has invested in APUS Group?
6 investors have backed APUS Group across its funding rounds, including Northern Light Venture Capital, Qiming Venture Partners, Redpoint, SIG China (SIG Asia Investments), Redpoint Ventures China and Chengwei Capital.
Lead investors include Chengwei Capital, Qiming Venture Partners and SIG China (SIG Asia Investments).
APUS Group Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jun 2014 | ||
| 1 | Participant | Jun 2014 | ||
| 1 | Lead | Jan 2015 | ||
| 1 | Lead | Jan 2015 | ||
This data is available for Pro users. Sign up to see all 6 APUS Group investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by APUS Group
APUS Group has acquired 1 company to date.
Last acquisition by APUS Group was on March 29th 2017. APUS Group acquired Siftr Labs for undisclosed valuation.
Latest Acquisitions by APUS Group
| Description | Siftr Labs is a photo-curation platform powered by AI and deep learning. The company automates organization and search for large photo libraries from social media, backups, and events. It targets photographers and consumers seeking quick retrieval of specific images through facial recognition and object detection. |
| HQ Country | |
| HQ City | Noida |
| Deal Date | 29 Mar 2017 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all APUS Group acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by APUS Group
APUS Group has invested in 1 company to date.
Latest investment by APUS Group was on March 24th 2016. APUS Group invested in Wangxiang Media in their $2M Seed round.
Latest Investments by APUS Group
| Description | Wangxiang Media is a digital marketing platform offering demand-side platform services, supply-side platform tools, data management platforms, gaming promotions, online alliances, product research, and overseas traffic acquisition. Based in China, it powers technical engines for data computing, deep SDK customization, and intelligent ad scene matching via adunite.com. |
| HQ Country | |
| HQ City | Shanghai |
| Deal Date | 24 Mar 2016 |
| Round | Seed |
| Raised | $2M |
| Investors | - |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all APUS Group investments and their VC round multiples. Start Free Trial | |
APUS Group Competitors
APUS Group competitors include listed companies like Yalla Group and Truecaller, and private ones like Genies, Grover, Miaoshou Doctor and mobli.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | $236M | - | $1B | 4.2x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $342M | $128M | $827M | - | ||
| Publicly listed | $195M | $61M | $710M | 3.4x |
APUS Group Public Comps
APUS Group is still privately-owned, but its public comps include Yalla Group, Truecaller, Hello Group, VNG Corp., Wondershare, Ireader, Bumble, Opera, Kurashiru and Dear U.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $342M | $128M | - | - | - | - | |||
| $195M | $61M | 3.2x | 3.4x | 10.2x | 11.8x | |||
| $1.5B | $215M | - | - | - | - | |||
| $420M | $23M | 1.4x | - | 25.5x | - | |||
| $229M | ($6M) | 6.3x | 6.4x | (231.3x) | (175.1x) | |||
| $484M | ($16M) | 2.7x | 3.5x | (81.1x) | - | |||
| $966M | ($793M) | 0.8x | 0.9x | (1.0x) | 2.9x | |||
| $615M | $141M | 2.4x | 2.1x | 10.5x | 9.2x | |||
This data is available for Pro users. Sign up to see all APUS Group competitors and their valuation data. Start Free Trial | ||||||||
Common questions about APUS Group
| When was APUS Group founded? | APUS Group was founded in 2014. |
| Where is APUS Group headquartered? | APUS Group is headquartered in Beijing, China. |
| Is APUS Group publicly listed? | No, APUS Group is a private, VC-backed company. |
| What is APUS Group's valuation? | APUS Group was last valued at $1B in its Series B in January 2015. |
| How much funding has APUS Group raised? | APUS Group has raised $116M across 2 funding rounds. |
| What was APUS Group's last funding round? | APUS Group's last funding round was a $100M Series B in January 2015, led by Chengwei Capital, Qiming Venture Partners and SIG China (SIG Asia Investments). |
| Who are APUS Group's investors? | APUS Group's investors include Northern Light Venture Capital, Redpoint, Chengwei Capital, Qiming Venture Partners, SIG China (SIG Asia Investments) and Redpoint Ventures China. |
| What is APUS Group's revenue? | APUS Group's latest recorded revenue is $17M (January 2015). |
| What is APUS Group's revenue multiple? | APUS Group's latest valuation implies a 58.8x revenue multiple ($1B valuation on $17M of revenue). |
| Which companies are comparable to APUS Group? | Companies comparable to APUS Group include Genies, Grover, Miaoshou Doctor, mobli, Yalla Group and Truecaller. |
| How many companies has APUS Group acquired? | APUS Group has acquired 1 company, including Siftr Labs. |
| How many companies has APUS Group invested in? | APUS Group has invested in 1 company, including Wangxiang Media. |
| What was APUS Group's last investment? | In March 2016, APUS Group invested in Wangxiang Media's $2M seed round. |
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