Baifendian Funding, Investors & Competitors

Baifendian has raised $170M across 4 funding rounds, most recently a $72M Series E in November 2018.

Last Baifendian funding round

$72M

Series E · Nov 2018

Cumulative funding Baifendian raised

$170M

across 4 funding rounds

Key investors in Baifendian

  • IDG Capital
  • Haitong Leading Capital Management
  • Everbright Securities
  • Silk Road Huachuang
  • Guoxin Central Enterprises Operating Fund Management Co.

Baifendian Overview

About Baifendian

Baifendian is a Beijing-based big data and analytics technology company founded in 2009. It develops data platforms and software for e-commerce, financial services, and other enterprise clients, including a big data operating system, tag management systems, and analytics and marketing applications that help customers build and use their own big data infrastructure. The company has been recognized among China's top fintech companies for its role serving internet companies and financial institutions with SaaS-based data tools.


Founded

2009

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Baifendian Funding History

Baifendian has raised a total of $170M across 4 funding rounds.

Baifendian's first fundraising round was a $10M Series B in July 2013. The most recent completed round was a $72M Series E in November 2018.

Baifendian funding rounds

Baifendian funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2018Series EGuoxin Central Enterprises Operating Fund Management Co. (lead); Haitong Leading Capital Management; Silk Road Huachuang$72M-
Sep 2015Series DEverbright Securities (lead); IDG Capital$63MBaifendian Corporation is a Beijing-based big data technology developer and service provider. In September 2015, the company completed a Series D funding round led by Everbright Securities, raising RMB400 million (approximately US$63 million). IDG Capital participated in the round alongside Everbright Securities as investors.
Jul 2014Series C-$25MBaifendian is a Beijing-based big data and recommendation technology company founded in 2009 that develops data platforms and analytics services for e-commerce, financial services, and other enterprise clients. The company's product suite includes a big data operating system, tag management systems, and analytics and marketing applications that help customers build big data platforms and leverage SaaS technologies. In July 2014, Baifendian raised $25 million in Series C funding from undisclosed sources, having previously accumulated approximately $27.2 million across earlier rounds (including at least $17.2 million before Series C and $10 million in Series B funding from East Sky Investment and IDG Capital Partners in 2013). The company's investor base includes Zhejiang Shinkansen Media Investment, IDG Capital Partners, and Mingxin China Growth Fund. By 2016, Baifendian was recognized as one of China's top 50 fintech companies by KPMG, reflecting its position in the broader big data and financial technology ecosystem serving Internet companies and financial institutions.
Jul 2013Series BIDG Capital (lead)$10MBaifendian Information Technology Co., founded in 2009, specializes in big data management and applications for personalized recommendations. The company raised $10 million in a Series B round from IDG Capital and East Sky Investments, bringing total funding to $17.2 million after a $7.2 million Series A in July 2011 from IDG Capital and Mingxin China Growth Fund. Funds will support research and development of new technologies and products, as well as expansion of server infrastructure. Baifendian serves internet companies, financial institutions, and other entities with big data platforms using SaaS technologies, offering products like big data operating systems, tag management, and analytics services.

Who has invested in Baifendian?

5 investors have backed Baifendian across its funding rounds, including IDG Capital, Haitong Leading Capital Management, Everbright Securities, Silk Road Huachuang and Guoxin Central Enterprises Operating Fund Management Co..

Lead investors include Guoxin Central Enterprises Operating Fund Management Co., Everbright Securities and IDG Capital.


Baifendian Investors

Investors in Baifendian by funding rounds participated
InvestorHQRoundsRoleFirst check
IDG CapitalChinaBeijing2LeadJul 2013
Haitong Leading Capital ManagementChinaChina1ParticipantNov 2018
Silk Road HuachuangChinaBeijing1ParticipantNov 2018

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Baifendian

Baifendian has acquired 1 company to date.

Last acquisition by Baifendian was on December 29th 2017. Baifendian acquired InsightWorks for undisclosed valuation.


Latest Acquisitions by Baifendian

InsightWorks
Description
InsightWorks is a Beijing-based provider of consumer insights solutions combining big data and online surveys. The company maintains a panel of over three million consumers and has served more than 100,000 clients including Tencent, Unilever, L'Oréal, Starbucks, Pepsi, Midea, SF Express, Ipsos, GfK, Rakuten, and Shell. Its real-time analytics platform supports market research across China and international markets with advanced segmentation.
HQ CountryChina
HQ City
Beijing
Deal Date29 Dec 2017
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Investments by Baifendian

Baifendian has invested in 1 company to date.

Latest investment by Baifendian was on February 26th 2018. Baifendian invested in 1-Dimension Innovate in their $2M Series A round.


Latest Investments by Baifendian

1-Dimension Innovate
Description
1-Dimension Innovate is an AI firm developing automatic speech recognition engines for voice applications in Asia. Taipei-based since 2016, it powers Mandarin and dialects in smart devices, call centers, and transcription services, licensed to Huawei and local banks for real-time accuracy above 95%.
HQ CountryChina
HQ City
-
Deal Date26 Feb 2018
RoundSeries A
Raised$2M
Investors-
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Baifendian Competitors

Baifendian competitors include listed companies like SenseTime Group, Presight AI, ServiceNow and Datadog, and private ones like Anthropic and OpenAI.

Public and private companies comparable to Baifendian
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SenseTime GroupChinaChinaPublicly listed$748M($70M)$6.2B5.8x
Presight AIUAEUAEPublicly listed$825M$214M$5.7B5.4x
ServiceNowUnited StatesUnited StatesPublicly listed$13B$2.6B$143B9.6x
DatadogUnited StatesUnited StatesPublicly listed$3.4B($588K)$85B19.4x
AnthropicUnited StatesSan Francisco, CAPrivate$47B-$965B20.5x
OpenAIUnited StatesSan Francisco, CAPrivate$25B-$852B34.1x

Baifendian Public Comps

Baifendian is still privately-owned, but its public comps include Palantir, CrowdStrike, SAP, Salesforce, ServiceNow, Snowflake, Adobe, Datadog, Moody's and RELX.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palantir$4.5B$1.5B92.6x58.1x285.0x97.4x
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
SAP$42B$13B5.8x5.4x18.4x17.1x
Salesforce$42B$13B5.5x5.2x17.8x12.2x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Adobe$24B$9.3B4.3x3.9x10.9x8.2x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x

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Common questions about Baifendian

When was Baifendian founded?Baifendian was founded in 2009.
Where is Baifendian headquartered?Baifendian is headquartered in Beijing, China.
Is Baifendian publicly listed?No, Baifendian is a private, VC-backed company.
How much funding has Baifendian raised?Baifendian has raised $170M across 4 funding rounds.
What was Baifendian's last funding round?Baifendian's last funding round was a $72M Series E in November 2018, led by Guoxin Central Enterprises Operating Fund Management Co..
Who are Baifendian's investors?Baifendian's investors include IDG Capital, Haitong Leading Capital Management, Silk Road Huachuang, Guoxin Central Enterprises Operating Fund Management Co. and Everbright Securities.
Which companies are comparable to Baifendian?Companies comparable to Baifendian include SenseTime Group, Presight AI, ServiceNow, Datadog, Anthropic and OpenAI.
How many companies has Baifendian acquired?Baifendian has acquired 1 company, including InsightWorks.
How many companies has Baifendian invested in?Baifendian has invested in 1 company, including 1-Dimension Innovate.
What was Baifendian's last investment?In February 2018, Baifendian invested in 1-Dimension Innovate's $2M Series A.

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