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- Citycloud
Citycloud Funding, Investors & Competitors
Citycloud has raised $152M across 3 funding rounds, most recently a $79M Series C in December 2021.
Last Citycloud funding round
$79M
Series C · Dec 2021
Cumulative funding Citycloud raised
$152M
across 3 funding rounds
Key investors in Citycloud
Cisco
Yinxinggu Capital
Winreal Investment
Country Garden Holdings
Greenland Hong Kong Hldgs
Zhejiang State Enterprise Reform and Development Fund
About Citycloud
Citycloud is a Hangzhou-headquartered provider of cloud computing and big data platforms tailored for smart city infrastructure developers. Its offerings include data processing engines, operation systems, and collaboration tools deployed by small enterprises and local governments in projects across Zhejiang Province.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Subscription
Citycloud Funding History
Citycloud has raised a total of $152M across 3 funding rounds.
Citycloud's first fundraising round was a $30M Series B in October 2017. The most recent completed round was a $79M Series C in December 2021.
Citycloud funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2021 | Series C | Zhejiang State Enterprise Reform and Development Fund (lead); Winreal Investment; Yinxinggu Capital | $79M | Citycloud, founded in 2012, provides digital city integrated application technology, focusing on smart city solutions like City Brain central systems for government clients using big data for customs, audit, and city management. A different Citycloud Series D round was announced on July 7, 2021, raising over CNY 1 billion (approximately $154 million USD) from state-owned investors including Yuexiu Fund, Hangzhou Hi-tech Venture Capital, Binjiang Hi-Tech Investment, and Jiashan County Investment, plus others like DT Capital and Fresscon Capital. Funds from the July 2021 round were for smart city R&D and talent acquisition. |
| Jun 2019 | Series C | Greenland Hong Kong Hldgs (lead) | $44M | - |
| Oct 2017 | Series B | Cisco (lead); Country Garden Holdings (lead) | $30M | - |
Who has invested in Citycloud?
6 investors have backed Citycloud across its funding rounds, including Cisco, Yinxinggu Capital, Winreal Investment, Country Garden Holdings, Greenland Hong Kong Hldgs and Zhejiang State Enterprise Reform and Development Fund.
Lead investors include Zhejiang State Enterprise Reform and Development Fund, Greenland Hong Kong Hldgs, Cisco and Country Garden Holdings.
Citycloud Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Oct 2017 | ||
| 1 | Lead | Jun 2019 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Lead | Oct 2017 | ||
This data is available for Pro users. Sign up to see all 6 Citycloud investors. Start Free Trial | ||||
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Start Free TrialInvestments by Citycloud
Citycloud has invested in 1 company to date.
Latest investment by Citycloud was on December 11th 2019. Citycloud invested in Harmony Cloud in their $3M Series B round.
Latest Investments by Citycloud
| Description | Hangzhou-based Harmony Cloud, officially Hangzhou HarmonyCloud Technology Co., Ltd., delivers cloud computing services tailored for traditional enterprises. Its platform unifies resource and application management, accelerates application delivery, and boosts operation and maintenance efficiency. Customers leverage these tools to modernize IT infrastructure in China, integrating hybrid cloud environments for scalable performance. |
| HQ Country | |
| HQ City | Hangzhou |
| Deal Date | 11 Dec 2019 |
| Round | Series B |
| Raised | $3M |
| Investors | Alibaba Capital Partners |
| Valuation | $35M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Citycloud investments and their VC round multiples. Start Free Trial | |
Citycloud Competitors
Citycloud competitors include listed companies like Oracle, MongoDB, Nutanix and Oracle Corp Japan, and private ones like Databricks and Eon.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $67B | $33B | $455B | 7.8x | ||
| Private | $7B | - | $190B | 27.1x | ||
| Publicly listed | $2.5B | ($104M) | $32B | 10.4x | ||
| Publicly listed | $2.5B | $230M | $19B | 6.2x | ||
| Publicly listed | $1.8B | $589M | $7.7B | 3.9x | ||
| Private | - | - | $4B | - |
Citycloud Public Comps
Citycloud is still privately-owned, but its public comps include Alphabet, Microsoft, Amazon, Oracle, Cisco, Palantir, Dell, Alibaba Group, IBM and ServiceNow.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $403B | $176B | 10.2x | 8.7x | 23.3x | 19.0x | |||
| $332B | $205B | 11.1x | 10.7x | 18.0x | 17.5x | |||
| $717B | $161B | 3.9x | 3.5x | 17.5x | 13.8x | |||
| $67B | $33B | 8.6x | 7.8x | 17.7x | 13.9x | |||
| $63B | $19B | 7.1x | 6.9x | 23.4x | 17.9x | |||
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $114B | $12B | 3.5x | 2.4x | 34.3x | 20.1x | |||
| $153B | $15B | 1.7x | 1.6x | 17.5x | 13.0x | |||
This data is available for Pro users. Sign up to see all Citycloud competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Citycloud
| When was Citycloud founded? | Citycloud was founded in 2012. |
| Where is Citycloud headquartered? | Citycloud is headquartered in Hangzhou, China. |
| Is Citycloud publicly listed? | No, Citycloud is a private, VC-backed company. |
| How much funding has Citycloud raised? | Citycloud has raised $152M across 3 funding rounds. |
| What was Citycloud's last funding round? | Citycloud's last funding round was a $79M Series C in December 2021, led by Zhejiang State Enterprise Reform and Development Fund. |
| Who are Citycloud's investors? | Citycloud's investors include Country Garden Holdings, Greenland Hong Kong Hldgs, Winreal Investment, Cisco, Yinxinggu Capital and Zhejiang State Enterprise Reform and Development Fund. |
| Which companies are comparable to Citycloud? | Companies comparable to Citycloud include Oracle, Databricks, MongoDB, Nutanix, Oracle Corp Japan and Eon. |
| How many companies has Citycloud invested in? | Citycloud has invested in 1 company, including Harmony Cloud. |
| What was Citycloud's last investment? | In December 2019, Citycloud invested in Harmony Cloud's $3M Series B alongside Alibaba Capital Partners. |
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