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.

See full Best profile

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

Best Overview

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

ChinaHangzhou

Status

Privately held

Customer focus

B2B

Revenue model

Services

Revenue

$1.3B (Sep 2016)

Valuation

$3B (Sep 2016)

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

Best valuation by funding round
DateStageValuationRevenue Multiple
Sep 2016Undisclosed stage$3B2.3x

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

Best revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Sep 2016$1.3B$3B2.3xUndisclosed 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

Best funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2016Undisclosed stageCPE (lead); Everbright Financial Holding Asset Management (lead); China Development Bank International Investment; Cainiao Logistics; International Finance Corporation$760M$3BBest 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 2013Series DWalden 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

Investors in Best by funding rounds participated
InvestorHQRoundsRoleFirst check
Everbright Financial Holding Asset ManagementChinaBeijing1LeadSep 2016
CPEChinaBeijing1LeadSep 2016
China Development Bank International InvestmentHong KongHong Kong1ParticipantSep 2016
Walden InternationalUnited StatesSan Francisco, CA1ParticipantJan 2013
Cainiao LogisticsChinaHangzhou1ParticipantSep 2016

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Investments 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

Singlera Genomics
KUBO
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 CountryUnited StatesChina
HQ City
San Diego, CA
Dongguan
Deal Date8 Jun 20228 Aug 2018
RoundSeries BSeries A
Raised$45M$3M
InvestorsVenture capitalist; FutureX Capital; Sansure Biotech; Junci Investment; Linden Asset; China Galaxy SecuritiesTongfang Venture Capital
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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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.

Public and private companies comparable to Best
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Didi FreightChinaBeijingPrivate--$3B-
Hive BoxChinaShenzhenPrivate--$3B-
Star Bulk CarriersGreeceGreecePublicly listed$1B$303M$3.1B3.3x
Asyad ShippingOmanOmanPublicly listed$875M$564M$2.8B4.9x
ArcBestUnited StatesUnited StatesPublicly listed$4B$261M$2.8B0.7x
KamigumiJapanJapanPublicly listed$1.9B$371M$2.8B1.5x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Star Bulk Carriers$1B$303M3.6x3.3x12.5x5.6x
Asyad Shipping$875M$564M5.4x4.9x8.3x7.7x
ArcBest$4B$261M0.8x0.7x11.7x8.1x
Kamigumi$1.9B$371M1.5x1.5x7.5x8.7x
ID Logistics$4.2B$651M1.0x0.9x6.7x5.7x
NIKKON Holdings$1.7B$287M2.2x2.1x12.9x-
Yunda Holding Group$7.7B$543M0.4x0.3x5.0x4.0x
Seino Holdings$5.1B$452M0.6x0.6x6.4x6.6x

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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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