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- Aqara
Aqara Funding, Investors & Competitors
Aqara has raised $271M across 3 funding rounds, most recently a $156M Series C in October 2021.
Last Aqara funding round
$156M
Series C · Oct 2021
Cumulative funding Aqara raised
$271M
across 3 funding rounds
Key investors in Aqara
Cathay Capital
Joy Capital
Shenzhen Capital Group
Grand Flight Investment
Greenwoods Asset Management
Yunmu Capital
Lanting Capital
China Telecom
About Aqara
Aqara is a Shenzhen-headquartered smart home brand producing Zigbee-compatible devices such as motion sensors, door locks, cameras, and hubs. The company integrates with Apple HomeKit, Google Home, and Amazon Alexa ecosystems, with over 50 products including the Hub M2 and Video Doorbell G4. Aqara ships to 100 countries from factories in China, emphasizing Matter protocol support for interoperability across platforms.
Aqara Funding History
Aqara has raised a total of $271M across 3 funding rounds.
Aqara's first fundraising round was a $16M Series B in January 2018. The most recent completed round was a $156M Series C in October 2021.
Aqara funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2021 | Series C | Shenzhen Capital Group (lead); Unicom CICC; Joy Capital; Shanghai Jinglin Asset Management; China Telecom; Liantong Zhongjin; Zhongyuan Capital; Greenwoods Asset Management | $156M | Aqara, a unicorn in the IoT smart home industry, completed its Series C funding round on October 28, 2021, raising approximately $156 million (1 billion yuan). Yunmu Capital served as the exclusive financial adviser. The funds were allocated to product R&D and innovation, global commercial channel expansion, brand building, and talent acquisition. Aqara's products interconnect with major smart home platforms like Mi Home, Apple HomeKit, Google Assistant, and Amazon Alexa. The company supports over 600 Aqara Home smart home experience halls in China and employs more than 1,000 people, with over 50% in R&D focused on AI, big data, apps, and cloud platforms. Founder You Yanjun, an automation and control technology scientist, contributed to 224 patents. This marked Aqara's sixth funding round since 2014, bringing total capital raised to about $262 million across rounds. |
| Nov 2019 | Series B | Grand Flight Investment (lead); Joy Capital; Cathay Capital; Yunmu Capital | $100M | Aqara is a Chinese smart home appliances and Internet of Things (IoT) solutions provider backed by Xiaomi. The company is known for developing connected home automation and smart home devices. In November 2019, Aqara raised $100 million in a Series B2 funding round led by Grand Flight Investment, with participation from other investors including Cathay Capital, Joy Capital, and Yunmu Capital. This funding round reflected strong investor interest in the smart home IoT sector. |
| Jan 2018 | Series B | Cathay Capital (lead); Lanting Capital | $16M | - |
Who has invested in Aqara?
12 investors have backed Aqara across its funding rounds, including Cathay Capital, Joy Capital, Shenzhen Capital Group, Grand Flight Investment, Greenwoods Asset Management and Yunmu Capital.
Lead investors include Shenzhen Capital Group, Grand Flight Investment and Cathay Capital.
Aqara Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Nov 2019 | ||
| 2 | Lead | Jan 2018 | ||
| 1 | Lead | Nov 2019 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
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Start Free TrialAqara Competitors
Aqara competitors include listed companies like BOE, Samsara, Lite-On Technology and Sharetronic, and private ones like UNISOC and Verkada.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $31B | $7B | $32B | 1.6x | ||
| Publicly listed | $1.6B | ($29M) | $23B | 12.0x | ||
| Publicly listed | $5.2B | $700M | $20B | 2.9x | ||
| Publicly listed | $1.8B | $325M | $19B | - | ||
| Private | - | - | $9.1B | - | ||
| Private | - | - | $5.8B | - |
Aqara Public Comps
Aqara is still privately-owned, but its public comps include Johnson Controls, BOE, Samsara, Lite-On Technology, Sharetronic, Advantech, PTC, Huaqin Co, CIG Shanghai and Acuity.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $24B | $3B | 4.0x | 3.7x | 31.0x | 20.0x | |||
| $31B | $7B | 1.7x | 1.6x | 7.5x | 7.3x | |||
| $1.6B | ($29M) | 14.0x | 12.0x | (794.5x) | 55.7x | |||
| $5.2B | $700M | 3.6x | 2.9x | 26.5x | 19.7x | |||
| $1.8B | $325M | 12.2x | - | 68.8x | - | |||
| $2.2B | $428M | 8.2x | 6.1x | 42.5x | 30.4x | |||
| $2.7B | $1.1B | 5.8x | 5.8x | 14.0x | 11.8x | |||
| $26B | $900M | 0.6x | 0.5x | 16.5x | 14.4x | |||
This data is available for Pro users. Sign up to see all Aqara competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Aqara
| When was Aqara founded? | Aqara was founded in 2009. |
| Where is Aqara headquartered? | Aqara is headquartered in Shenzhen, China. |
| Is Aqara publicly listed? | No, Aqara is a private, VC-backed company. |
| How much funding has Aqara raised? | Aqara has raised $271M across 3 funding rounds. |
| What was Aqara's last funding round? | Aqara's last funding round was a $156M Series C in October 2021, led by Shenzhen Capital Group. |
| Who are Aqara's investors? | Aqara's investors include Joy Capital, Cathay Capital, Grand Flight Investment, Unicom CICC, Lanting Capital, Shanghai Jinglin Asset Management, China Telecom, Liantong Zhongjin, Zhongyuan Capital, Greenwoods Asset Management and 2 others. |
| Which companies are comparable to Aqara? | Companies comparable to Aqara include BOE, Samsara, Lite-On Technology, Sharetronic, UNISOC and Verkada. |
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