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

Citycloud Overview

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

ChinaHangzhou

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

Citycloud funding rounds
DateStageInvestorsRaisedDeal Summary
Dec 2021Series CZhejiang State Enterprise Reform and Development Fund (lead); Winreal Investment; Yinxinggu Capital$79MCitycloud, 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 2019Series CGreenland Hong Kong Hldgs (lead)$44M-
Oct 2017Series BCisco (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

Investors in Citycloud by funding rounds participated
InvestorHQRoundsRoleFirst check
Country Garden HoldingsChinaChina1LeadOct 2017
Greenland Hong Kong HldgsChinaShanghai1LeadJun 2019
Winreal InvestmentChinaShanghai1ParticipantDec 2021
CiscoUnited StatesSalt Lake City, UT1LeadOct 2017

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Investments 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

Harmony Cloud
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 CountryChina
HQ City
Hangzhou
Deal Date11 Dec 2019
RoundSeries B
Raised$3M
InvestorsAlibaba Capital Partners
Valuation$35M
EV/Revenue
EV/EBITDA

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Citycloud Competitors

Citycloud competitors include listed companies like Oracle, MongoDB, Nutanix and Oracle Corp Japan, and private ones like Databricks and Eon.

Public and private companies comparable to Citycloud
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
OracleUnited StatesUnited StatesPublicly listed$67B$33B$455B7.8x
DatabricksUnited StatesSan Francisco, CAPrivate$7B-$190B27.1x
MongoDBUnited StatesUnited StatesPublicly listed$2.5B($104M)$32B10.4x
NutanixUnited StatesUnited StatesPublicly listed$2.5B$230M$19B6.2x
Oracle Corp JapanJapanJapanPublicly listed$1.8B$589M$7.7B3.9x
EonUnited StatesNew York City, NYPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Alphabet$403B$176B10.2x8.7x23.3x19.0x
Microsoft$332B$205B11.1x10.7x18.0x17.5x
Amazon$717B$161B3.9x3.5x17.5x13.8x
Oracle$67B$33B8.6x7.8x17.7x13.9x
Cisco$63B$19B7.1x6.9x23.4x17.9x
Palantir$4.5B$1.5B92.6x58.1x285.0x97.4x
Dell$114B$12B3.5x2.4x34.3x20.1x
Alibaba Group$153B$15B1.7x1.6x17.5x13.0x

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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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