Chemao Valuation, Funding & Investors
Chemao is valued at $1.1B as of September 2015.
Last Chemao valuation
$1.1B
Series B · Sep 2015
Last Chemao funding round
$189M
Series B · Sep 2015
Cumulative funding Chemao raised
$199M
across 2 funding rounds
Key investors in Chemao
Zhefu Holding Group Co
Chemao Overview
About Chemao
Chemao is a Hangzhou-based online platform for second-hand car trading in China. Founded in 2012, it offers transaction facilitation, financing, warranties, and expert inspections for used vehicles. The platform processes thousands of listings monthly, connecting buyers with certified dealers in major cities like Shanghai and Guangzhou.
Founded
2012
HQ
HangzhouWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$1.1B (Sep 2015)
Chemao Valuation
Chemao is currently valued at $1.1B, based on its Series B in September 2015.
The $189M round was led by Zhefu Holding Group Co.
Chemao valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2015 | Series B | $1.1B |
Chemao Funding History
Chemao has raised a total of $199M across 2 funding rounds.
Chemao's first fundraising round was a $10M Series A in December 2014. The most recent completed round was a $189M Series B in September 2015.
Chemao funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2015 | Series B | Zhefu Holding Group Co (lead) | $189M | $1.1B | Chemao is a China-based online automotive trading marketplace focused on second-hand car sales, operating in cities including Beijing, Shanghai, and Hangzhou since its founding in 2012. It raised RMB1.2 billion (approximately $189 million) in a series B round led by ZHEFU Holding Group, a power and industrial equipment conglomerate. This funding followed the establishment of a second-hand car financing business in partnership with Wacai, a personal finance app provider. Aggregate funding across rounds is reported as $193.9 million including investors like Telescope Investment. |
| Dec 2014 | Series A | - | $10M | - | Chemao operates an online marketplace for buying and selling second-hand cars, focusing on automotive parts, used vehicles, and online sales. It serves clients with dedicated solutions emphasizing quality, innovation, and sustainable growth in core markets. Chemao raised $4.9 million in a Series A funding round on December 1, 2014, marking its first funding activity. The company later secured a Series B round of $189 million on September 1, 2015, led by Zhefu Holding Group and Telescope Investment, bringing total funding to $193.9 million across two rounds. |
Who has invested in Chemao?
1 investor has backed Chemao across its funding rounds, including Zhefu Holding Group Co.
Lead investors include Zhefu Holding Group Co.
Chemao Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialChemao Competitors
Chemao competitors include listed companies like Baltic Classifieds Group, Grupa Pracuj, Alma Media and CarTrade Tech, and private ones like NoBroker and Apna.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Lithuania | Publicly listed | $102M | $79M | $1.1B | 10.9x | |
 Poland | Publicly listed | $214M | $95M | $1B | 4.4x | |
 Bangalore | Private | $65M | - | $1B | 15.4x | |
 Finland | Publicly listed | $377M | $110M | $1.3B | 3.7x | |
| India | Publicly listed | $81M | $33M | $1.5B | 15.6x | |
| Bangalore | Private | $14M | - | $1.1B | 78.6x |
Chemao Public Comps
Chemao is still privately-owned, but its public comps include Yelp, Baltic Classifieds Group, Upwork, The RealReal, Tripadvisor, BuySell Technologies, LegalZoom, Grupa Pracuj, QuinStreet and SMZDM.com.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.5B | $251M | 0.8x | 0.8x | 4.5x | 3.4x | |||
| $102M | $79M | 11.2x | 10.9x | 14.5x | 14.1x | |||
| $788M | $180M | 1.0x | 1.1x | 4.6x | 3.6x | |||
| $693M | $15M | 2.2x | 2.0x | 99.6x | 24.6x | |||
| $1.9B | $160M | 0.6x | 0.6x | 6.8x | 4.2x | |||
| $647M | $70M | 1.8x | 1.4x | 16.2x | 11.8x | |||
| $756M | $74M | 1.2x | 1.1x | 12.1x | 4.8x | |||
| $214M | $95M | 4.6x | 4.4x | 10.3x | 9.7x | |||
This data is available for Pro users. Sign up to see all Chemao competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Chemao
| When was Chemao founded? | Chemao was founded in 2012. |
| Where is Chemao headquartered? | Chemao is headquartered in Hangzhou, China. |
| Is Chemao publicly listed? | No, Chemao is a private, VC-backed company. |
| What is Chemao's valuation? | Chemao was last valued at $1.1B in its Series B in September 2015. |
| How much funding has Chemao raised? | Chemao has raised $199M across 2 funding rounds. |
| What was Chemao's last funding round? | Chemao's last funding round was a $189M Series B in September 2015, led by Zhefu Holding Group Co. |
| Who are Chemao's investors? | Chemao's investors include Zhefu Holding Group Co. |
| Which companies are comparable to Chemao? | Companies comparable to Chemao include Baltic Classifieds Group, Grupa Pracuj, NoBroker, Alma Media, CarTrade Tech and Apna. |
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