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- Codoon
Codoon Funding, Investors & Competitors
Codoon has raised $130M across 5 funding rounds, most recently a $20M strategic investment round in December 2021.
Last Codoon funding round
$20M
Strategic investment · Dec 2021
Cumulative funding Codoon raised
$130M
across 5 funding rounds
Key investors in Codoon
SBCVC
SIG China (SIG Asia Investments)
Shenzhen Capital Group
CITIC Capital Holdings
FountainVest Partners
Focus Media
Fu Ding He Private Equity
APEC
About Codoon
Codoon is a Beijing-based sports and wellness provider operating Codoon.com and related apps. It manufactures fitness trackers, hand bracelets, and plans wireless heart rate monitors alongside slimming scales. Through Internet-of-Things integration, the company monitors user sports, sleep, and health data, storing personal profiles in cloud storage while fostering an online community for sports and healthy lifestyles.
Founded
2009
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales, Subscription
Codoon Funding History
Codoon has raised a total of $130M across 5 funding rounds.
Codoon's first fundraising round was a $10M Series A in March 2014. The most recent completed round was a $20M strategic investment round in December 2021.
Codoon funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2021 | Strategic investment | Huaying Securities (lead) | $20M | - |
| Feb 2018 | Series C | APEC (lead); Fu Ding He Private Equity; SBCVC | $20M | - |
| May 2016 | Series C | Focus Media (lead); FountainVest Partners (lead); SBCVC; SIG China (SIG Asia Investments) | $50M | Codoon is a Chinese sports and wellness service provider founded in 2010 that integrates mobile apps and wearables, creating smart devices such as fitness bands and weighing scales, and organizing online sports events. The company had grown to over 50 million users by the time of its Series C funding, positioning itself as the largest online, mobile, and social networking platform for sports in China. In May 2016, Codoon closed a $50 million Series C round led by the Focus Media-FountainVest Sports JV, a $400 million investment fund established by Focus Media and FountainVest Partners specifically focused on the sports sector. The round also included participation from existing investors Susquehanna International Group (SIG) and SBCVC, which had previously co-invested $30 million in the company's November 2014 Series B round. The capital was designated for increasing online content offerings, developing the company's big data platform, and boosting its online sports event franchise, with Focus Media and FountainVest providing additional support through access to advertising resources and their combined user base. Codoon's funding history included a $10 million Series A from Shenzhen Capital Group and CITIC Capital in March 2014, establishing a total raised amount of $90 million by the end of Series C. |
| Nov 2014 | Series B | SBCVC (lead); SIG China (SIG Asia Investments) (lead) | $30M | - |
| Mar 2014 | Series A | Shenzhen Capital Group (lead); CITIC Capital Holdings | $10M | Codoon, a Chengdu, China-based company founded in 2010, develops smart fitness-tracking wearables. In March 2014, it raised $9.8 million in Series A funding led by Shenzhen Capital Group, with participation from CITIC Capital. This followed a prior $3.6 million investment from Shanda in 2011. |
Who has invested in Codoon?
9 investors have backed Codoon across its funding rounds, including SBCVC, SIG China (SIG Asia Investments), Shenzhen Capital Group, CITIC Capital Holdings, FountainVest Partners and Focus Media.
Lead investors include Huaying Securities, APEC, Focus Media, FountainVest Partners, SBCVC and 2 other investors.
Codoon Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Nov 2014 | ||
| 2 | Lead | Nov 2014 | ||
| 1 | Participant | Feb 2018 | ||
| 1 | Lead | May 2016 | ||
| 1 | Lead | Mar 2014 | ||
| 1 | Lead | May 2016 | ||
| 1 | Lead | Feb 2018 | ||
This data is available for Pro users. Sign up to see all 9 Codoon investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialCodoon Competitors
Codoon competitors include listed companies like Sleep Cycle, Keep Inc. and Garmin, and private ones like Icon Health Fitness, Oura and Tonal.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $1B | - | $7B | 7.0x | ||
| Publicly listed | $24M | $7M | $44M | 1.5x | ||
| Private | $500M | - | $11B | 22.0x | ||
| Private | - | - | $575M | - | ||
| Publicly listed | $244M | ($8M) | $82M | - | ||
| Publicly listed | $7.2B | $2.1B | $53B | 6.4x |
Codoon Public Comps
Codoon is still privately-owned, but its public comps include Apple, Meta, Samsung, Garmin, Bending Spoons, Huaqin Technology, Huaqin Co, Goertek, Kakao and Match Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $416B | $144B | 11.9x | 10.4x | 34.2x | 29.4x | |||
| $201B | $104B | 8.8x | 7.4x | 17.0x | 12.7x | |||
| $243B | $67B | 4.4x | 2.4x | 15.8x | 4.4x | |||
| $7.2B | $2.1B | 7.0x | 6.4x | 24.4x | 21.7x | |||
| $2.6B | $520M | 11.0x | - | 54.9x | - | |||
| $26B | $887M | 0.7x | 0.6x | 19.5x | 16.8x | |||
| $26B | $900M | 0.6x | 0.5x | 16.5x | 14.4x | |||
| $14B | $1.2B | 0.8x | 0.8x | 10.0x | 11.5x | |||
This data is available for Pro users. Sign up to see all Codoon competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Codoon
| When was Codoon founded? | Codoon was founded in 2009. |
| Where is Codoon headquartered? | Codoon is headquartered in Chengdu, China. |
| Is Codoon publicly listed? | No, Codoon is a private, VC-backed company. |
| How much funding has Codoon raised? | Codoon has raised $130M across 5 funding rounds. |
| What was Codoon's last funding round? | Codoon's last funding round was a $20M strategic investment round in December 2021, led by Huaying Securities. |
| Who are Codoon's investors? | Codoon's investors include SBCVC, SIG China (SIG Asia Investments), Fu Ding He Private Equity, FountainVest Partners, Shenzhen Capital Group, Focus Media, APEC, CITIC Capital Holdings and Huaying Securities. |
| Which companies are comparable to Codoon? | Companies comparable to Codoon include Icon Health Fitness, Sleep Cycle, Oura, Tonal, Keep Inc. and Garmin. |
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