Che300 Valuation, Funding & Investors
Che300 is valued at $6M as of August 2014.
Last Che300 valuation
$6M
Angel · Aug 2014
Last Che300 funding round
$74M
Series D · Jul 2018
Cumulative funding Che300 raised
$120M
across 4 funding rounds
Key investors in Che300
Sequoia Capital
Source Code Capital
N5Capital
SAIC Motor
About Che300
Che300 is a Beijing-based leader in China's used-car appraisal market with over 90 percent penetration among dealers. The platform serves as the exclusive data provider for major online marketplaces and offers financial services alongside insurance products to transaction participants.
Founded
2014
HQ
NanjingWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$6M (Aug 2014)
Che300 Valuation
Che300 is currently valued at $6M, based on its angel round in August 2014.
The $1M round included N5Capital.
Che300 valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2014 | Angel | $6M |
Che300 Funding History
Che300 has raised a total of $120M across 4 funding rounds.
Che300's first fundraising round was a $1M angel round in August 2014. The most recent completed round was a $74M Series D in July 2018.
Che300 funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2018 | Series D | - | $74M | - | Che300 is a Beijing-based used car marketplace and evaluation services firm founded in 2013. The company operates in China's competitive used car market alongside players like Guazi (Chehaoduo). |
| Feb 2017 | Series C | SAIC Motor (lead) | $29M | - | Che300 is a Nanjing-based operator of an online appraisal and e-commerce platform for used cars, founded in 2014. It provides used car appraisal and selling services, partnering with over 300 entities including Ganji, Yiche, and Taobao (Alibaba subsidiary). The company secured RMB200m ($29m) in a Series C funding round on February 9, 2017, led by automotive manufacturer SAIC Motor, with participation from undisclosed automotive industry funds. This Series C followed prior rounds: 'several million dollars' from Source Code Capital in 2015, and $14m Series B from Sequoia Capital China and Source Code Capital. One report initially described the $29m raise as Series B led by Sequoia, but was corrected to Series C led by SAIC. Che300 operates in China's used car market, focusing on appraisal and transaction services amid growing demand for second-hand vehicles. |
| Feb 2016 | Series B | Sequoia Capital; Source Code Capital | $15M | - | Che300 is a Nanjing-based used car appraisal and transaction platform. The company raised a Series B round led by Sequoia Capital China, with participation from Source Code Capital. |
| Aug 2014 | Angel | N5Capital | $1M | $6M | - |
Who has invested in Che300?
4 investors have backed Che300 across its funding rounds, including Sequoia Capital, Source Code Capital, N5Capital and SAIC Motor.
Lead investors include SAIC Motor.
Che300 Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| China | 1 | Lead | Feb 2017 | |
 San Francisco, CA | 1 | Participant | Feb 2016 | |
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Start Free TrialInvestments by Che300
Che300 has invested in 1 company to date.
Latest investment by Che300 was on October 30th 2018. Che300 invested in Chashugu in their $1M Series A round.
Latest Investments by Che300
| Description | Chashugu delivers enterprise services supporting business operations and technology needs. |
| HQ Country | |
| HQ City | Chengdu |
| Deal Date | 30 Oct 2018 |
| Round | Series A |
| Raised | $1M |
| Investors | - |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Che300 investments and their VC round multiples. Start Free Trial | |
Che300 Competitors
Che300 competitors include listed companies like Finbond Group Ltd and Giant Group, and private ones like Asset Direct, OmanyeMoney, Finodaya Capital and HerVest.
| Company | HQ | Status | Revenue | Valuation |
|---|---|---|---|---|
 London | Private | - | $6M | |
 Gravesend | Private | - | $6M | |
 Indore | Private | - | $6M | |
 Lagos | Private | - | $5M | |
 South Africa | Publicly listed | $67M | $21M | |
| United States | Publicly listed | - | $6M |
Che300 Public Comps
Che300 is still privately-owned, but its public comps include Giant Group, Indos, Novina, Internetowy Fundusz Leasingowy, LIBERO Football Finance, Kancelaria Prawna Inkaso, Standard Premium Finance, Raize-Instituicao, NPL Nova and Anupam Finserv.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | - | - | - | - | - | |||
| $6M | $3M | 0.8x | - | 1.5x | - | |||
| $2M | $918K | 3.4x | - | 7.3x | - | |||
| $1M | $482K | 5.5x | - | 16.2x | - | |||
| $11K | ($948K) | 645.9x | - | (7.3x) | - | |||
| $4M | $503K | 3.7x | - | 31.7x | - | |||
| $12M | $2M | 6.6x | - | 48.3x | - | |||
| $2M | - | - | - | - | - | |||
This data is available for Pro users. Sign up to see all Che300 competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Che300
| When was Che300 founded? | Che300 was founded in 2014. |
| Where is Che300 headquartered? | Che300 is headquartered in Nanjing, China. |
| Is Che300 publicly listed? | No, Che300 is a private, VC-backed company. |
| What is Che300's valuation? | Che300 was last valued at $6M in its angel round in August 2014. |
| How much funding has Che300 raised? | Che300 has raised $120M across 4 funding rounds. |
| What was Che300's last funding round? | Che300's last funding round was a $74M Series D in July 2018. |
| Who are Che300's investors? | Che300's investors include SAIC Motor, Sequoia Capital, N5Capital and Source Code Capital. |
| Which companies are comparable to Che300? | Companies comparable to Che300 include Asset Direct, OmanyeMoney, Finodaya Capital, HerVest, Finbond Group Ltd and Giant Group. |
| How many companies has Che300 invested in? | Che300 has invested in 1 company, including Chashugu. |
| What was Che300's last investment? | In October 2018, Che300 invested in Chashugu's $1M Series A. |
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