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- Best
Best Revenue, Valuation, Funding & Investors
Best is valued at $3B as of September 2016, a 2.3x revenue multiple. Best revenue was $1.3B, as disclosed with its latest round.
Last Best valuation
$3B
Undisclosed stage · Sep 2016
Last Best funding round
$760M
Undisclosed stage · Sep 2016
Best revenue
$1.3B
Undisclosed stage · Sep 2016
Key investors in Best
International Finance Corporation
Walden International
CPE
Cainiao Logistics
Chongde Hongxin
China Development Bank International Investment
About Best
Best is a Shenzhen-headquartered comprehensive logistics provider operating under Best Inc., offering supply chain solutions for e-commerce and enterprises in China. Through its GeniMax platform, the company manages warehousing, express delivery, and freight services with over 5,000 self-operated outlets and a nationwide distribution network. It serves clients like Alibaba and JD.com, handling billions in parcel volumes annually. Founded in 2007 by Zhou Shaoqi, Best integrates AI-driven route optimization.
Founded
2007
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Revenue
$1.3B (Sep 2016)
Valuation
$3B (Sep 2016)
Sectors
Best Valuation
Best is currently valued at $3B, based on its undisclosed-stage round in September 2016. Read the announcement ↗
The $760M round was led by CPE and Everbright Financial Holding Asset Management, with participation from China Development Bank International Investment, Cainiao Logistics and International Finance Corporation.
Best valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2016 | Undisclosed stage | $3B | 2.3x |
Best Revenue
Best's latest recorded revenue is $1.3B, as of its undisclosed-stage round in September 2016. At a $3B valuation, that implies a 2.3x revenue multiple.
Best revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2016 | $1.3B | $3B | 2.3x | Undisclosed stage |
* 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.
Best Funding History
Best has raised a total of $770M across 2 funding rounds.
Best's first fundraising round was a $10M Series D in January 2013. The most recent completed round was a $760M undisclosed-stage round in September 2016.
Best funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2016 | Undisclosed stage | CPE (lead); Everbright Financial Holding Asset Management (lead); China Development Bank International Investment; Cainiao Logistics; International Finance Corporation | $760M | $3B | Best Logistics Technologies, a China-based logistics and supply chain management company, completed a US$760 million funding round in September 2016. The round was led by China-focused private equity firm CITIC Private Equity together with Everbright Financial Holding Asset Management. Other new investors included Cainiao Network Technology, China Development Bank International, Bank of China International-controlled CITP Advisors, Fosun International, SBCVC, Huarong International Financial and Liyue Investment, as well as International Finance Corporation, which contributed US$30 million, and CDIB Capital, which contributed US$45 million. Existing shareholders Alibaba, China Renaissance Capital Investment, IDG Capital Partners, Foxconn Technology, Goldman Sachs, Walden International, CDH Investments, The Hina Group and GSI Investment also participated. The financing was the company's largest to date and was completed ahead of its later listing in the United States. Best operates an express delivery, freight and supply chain network across China. |
| Jan 2013 | Series D | Walden International; Chongde Hongxin | $10M | - | - |
Who has invested in Best?
7 investors have backed Best across its funding rounds, including International Finance Corporation, Walden International, CPE, Cainiao Logistics, Chongde Hongxin and China Development Bank International Investment.
Lead investors include CPE and Everbright Financial Holding Asset Management.
Best Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Sep 2016 | ||
| 1 | Lead | Sep 2016 | ||
| 1 | Participant | Sep 2016 | ||
| 1 | Participant | Jan 2013 | ||
| 1 | Participant | Sep 2016 | ||
This data is available for Pro users. Sign up to see all 7 Best investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialInvestments by Best
Best has invested in 2 companies to date.
Latest investment by Best was on June 8th 2022. Best invested in Singlera Genomics in their $45M Series B round.
Latest Investments by Best
| Description | Singlera Genomics is a Hangzhou-based firm offering non-invasive tests for cancer detection and prenatal screening. Methylation sequencing platforms like cfMeDIP detect tumor DNA in blood for colorectal and liver cancers. Services extend to pre-implantation genetic diagnosis using IVF clinics in China and US. | KUBO is an AI and robotics firm focused on developing autonomous systems for industrial applications. The company specializes in robotic arms for manufacturing assembly lines and AI-driven inspection tools for quality control in automotive plants. Headquartered in Europe, KUBO partners with machinery producers to integrate its technologies into production workflows. Established in the early 2010s, it expands its presence across factories in Germany and France. |
| HQ Country | ||
| HQ City | San Diego, CA | Dongguan |
| Deal Date | 8 Jun 2022 | 8 Aug 2018 |
| Round | Series B | Series A |
| Raised | $45M | $3M |
| Investors | Venture capitalist; FutureX Capital; Sansure Biotech; Junci Investment; Linden Asset; China Galaxy Securities | Tongfang Venture Capital |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Best investments and their VC round multiples. Start Free Trial | ||
Best Competitors
Best competitors include listed companies like Star Bulk Carriers, Asyad Shipping, ArcBest and Kamigumi, and private ones like Didi Freight and Hive Box.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $3B | - | ||
| Private | - | - | $3B | - | ||
| Publicly listed | $1B | $303M | $3.1B | 3.3x | ||
| Publicly listed | $875M | $564M | $2.8B | 4.9x | ||
| Publicly listed | $4B | $261M | $2.8B | 0.7x | ||
| Publicly listed | $1.9B | $371M | $2.8B | 1.5x |
Best Public Comps
Best is still privately-owned, but its public comps include Star Bulk Carriers, Asyad Shipping, ArcBest, Kamigumi, ID Logistics, NIKKON Holdings, Yunda Holding Group, Seino Holdings, COSCO SHIPPING Ports and Sankyu.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1B | $303M | 3.6x | 3.3x | 12.5x | 5.6x | |||
| $875M | $564M | 5.4x | 4.9x | 8.3x | 7.7x | |||
| $4B | $261M | 0.8x | 0.7x | 11.7x | 8.1x | |||
| $1.9B | $371M | 1.5x | 1.5x | 7.5x | 8.7x | |||
| $4.2B | $651M | 1.0x | 0.9x | 6.7x | 5.7x | |||
| $1.7B | $287M | 2.2x | 2.1x | 12.9x | - | |||
| $7.7B | $543M | 0.4x | 0.3x | 5.0x | 4.0x | |||
| $5.1B | $452M | 0.6x | 0.6x | 6.4x | 6.6x | |||
This data is available for Pro users. Sign up to see all Best competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Best
| When was Best founded? | Best was founded in 2007. |
| Where is Best headquartered? | Best is headquartered in Hangzhou, China. |
| Is Best publicly listed? | No, Best is a private, VC-backed company. |
| What is Best's valuation? | Best was last valued at $3B in its undisclosed-stage round in September 2016. |
| How much funding has Best raised? | Best has raised $770M across 2 funding rounds. |
| What was Best's last funding round? | Best's last funding round was a $760M undisclosed-stage round in September 2016, led by CPE and Everbright Financial Holding Asset Management. |
| Who are Best's investors? | Best's investors include Everbright Financial Holding Asset Management, CPE, China Development Bank International Investment, Walden International, Cainiao Logistics, International Finance Corporation and Chongde Hongxin. |
| What is Best's revenue? | Best's latest recorded revenue is $1.3B (September 2016). |
| What is Best's revenue multiple? | Best's latest valuation implies a 2.3x revenue multiple ($3B valuation on $1.3B of revenue). |
| Which companies are comparable to Best? | Companies comparable to Best include Didi Freight, Hive Box, Star Bulk Carriers, Asyad Shipping, ArcBest and Kamigumi. |
| How many companies has Best invested in? | Best has invested in 2 companies, including Singlera Genomics and KUBO. |
| What was Best's last investment? | In June 2022, Best invested in Singlera Genomics' $45M Series B alongside Venture capitalist, FutureX Capital, Sansure Biotech and 3 other investors. |
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