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- Coocaa
Coocaa Revenue, Valuation, Funding & Investors
Coocaa is valued at $1.4B as of March 2018.
About Coocaa
Coocaa is a Shenzhen-based consumer electronics brand under Skyworth Group that specializes in smart televisions and related devices. The company produces Google TV-enabled TVs, Android TV models, soundbars, and accessories like Bluetooth earphones and game controllers. Coocaa operates in markets across Asia, including India and Southeast Asia, with manufacturing facilities in China. Its product lineup features gaming TVs optimized for low latency and children's TVs equipped with anti-blue light technology to protect eyesight. Coocaa launched in 2006 and has expanded through partnerships with content providers like Netflix and YouTube.
Founded
2006
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$24M (Jun 2017)
Valuation
$1.4B (Mar 2018)
Sectors
Coocaa Valuation
Coocaa is currently valued at $1.4B, based on its undisclosed-stage round in March 2018.
The $174M round was led by Baidu.
Coocaa's valuation has grown 2.4x from $573M at its undisclosed-stage round in June 2017 to $1.4B in March 2018, across 2 priced rounds.
Coocaa valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2018 | Undisclosed stage | $1.4B | - |
| Jun 2017 | Undisclosed stage | $573M | 23.9x |
Coocaa Revenue
Coocaa's latest recorded revenue is $24M, as of its undisclosed-stage round in June 2017. At a $573M valuation, that implies a 23.9x revenue multiple.
Coocaa revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2017 | $24M | $573M | 23.9x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Coocaa Funding History
Coocaa has raised a total of $218M across 2 funding rounds.
Coocaa's first fundraising round was a $44M undisclosed-stage round in June 2017. The most recent completed round was a $174M undisclosed-stage round in March 2018.
Coocaa funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2018 | Undisclosed stage | Baidu (lead) | $174M | $1.4B | Coocaa, a Shenzhen-based subsidiary of Skyworth Digital Holdings Ltd. founded in 2006, specializes in smart TV over-the-top (OTT) platforms and new television products with value-added services like content distribution. It operates China's largest smart TV OTT platform, serving over 28 million terminal devices as of March 2018. The company integrates AI technologies, such as Baidu's DuerOS system, into its TVs for enhanced functionality. On March 16, 2018, Baidu invested approximately 1 billion yuan (around $158-160 million) in Coocaa, acquiring an 11% stake and becoming its second-largest shareholder, valuing the company at 9.6 billion yuan. Prior investments included iQiyi (Baidu-owned) contributing CNY 150 million for a roughly 5% stake in 2016 (now 4.6%) and Tencent acquiring a 300 million yuan stake the previous year. Sources vary slightly on the investment amount, citing CNY1 billion, CNY1.01 billion, or $159.78 million, but consistently confirm Baidu as lead investor in this Series D round. The funding supports strategic integration with Baidu's AI technologies, exclusive partnerships for Skyworth TVs, product development, and market expansion in the competitive smart TV sector. Coocaa competes with players like QCY and others in consumer electronics. Total funding across rounds reached about $226.91 million from investors including Tencent, Baidu, and iQiyi by March 2018. |
| Jun 2017 | Undisclosed stage | Tencent (lead) | $44M | $573M | Shenzhen Coocaa Network Technology Co. Ltd., a subsidiary of Skyworth Digital Holdings Ltd., is China's third-largest smart TV maker by market share and operates a popular online video service attracting over 9 million daily users. In June 2017, Tencent invested approximately $44 million (about 300 million yuan) for a 7.7% stake, becoming Coocaa's third-largest shareholder. This followed a prior 150 million yuan ($22.1 million) investment from iQiyi in September of the previous year. The partnership aims to collaborate on producing and distributing video content. Coocaa recorded 167 million yuan in operating revenue in 2016, as disclosed by Skyworth. The company differentiates itself in the competitive smart TV market by prioritizing profits over price cuts, unlike rivals Xiaomi and LeEco, which dominate market share. Smart TV sales grew rapidly, with nearly 40 million units sold in 2016 and average annual growth of 24% from 2014-2016, outpacing traditional TVs. |
Who has invested in Coocaa?
2 investors have backed Coocaa across its funding rounds, including Tencent and Baidu.
Lead investors include Baidu and Tencent.
Coocaa Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Coocaa investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments by Coocaa
Coocaa has invested in 3 companies to date.
Latest investment by Coocaa was on June 15th 2023. Coocaa invested in Billy Information in their $29M Series A round.
Latest Investments by Coocaa
| Description | Billy Information provides smart pension TV services leveraging OTT media and internet technology. | 8K Lanyue is a production studio specializing in 8K ultra-high-definition video content creation. It offers end-to-end services from pre-shooting planning and DIT support to post-production and distribution for content partners. Beijing-based, the company equips broadcasters and platforms with 8K workflows compliant with global standards. | Tmeng.cn, operated by Beijing Amoy Dream Network Technology LLC, is a China-based internet video platform launched in 2012. The service connects filmmakers, directors, and production teams with investors, advertisers, and distributors for planning, funding, and distribution of online videos and short films. Users post shooting plans, budgets, and progress updates on the Beijing-headquartered site, facilitating collaborations in web series and promotional content production. |
| HQ Country | |||
| HQ City | Beijing | - | Beijing |
| Deal Date | 15 Jun 2023 | 1 Jun 2019 | 26 Mar 2018 |
| Round | Series A | Angel | Series B |
| Raised | $29M | $1M | $6M |
| Investors | - | - | Skyworth Group; Baidu Video; Delta Capital |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Coocaa investments and their VC round multiples. Start Free Trial | |||
Coocaa Competitors
Coocaa competitors include listed companies like Tamron, Sun Corp., United Electronics and Telling Telecommunication, and private ones like boAt and New Leshi Smart Home.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $547M | $128M | $1.4B | 2.0x | ||
| Private | $321M | $2M | $1.4B | 4.4x | ||
| Publicly listed | $64M | - | $1.4B | 22.2x | ||
| Publicly listed | $2B | $212M | $1.4B | 0.8x | ||
| Publicly listed | $14B | $86M | $1.4B | - | ||
| Private | - | - | $1.3B | - |
Coocaa Public Comps
Coocaa is still privately-owned, but its public comps include Tamron, Sun Corp., United Electronics, Telling Telecommunication, Arlo, Qisda, Corsair Gaming, Kinpo Electronics, Edifier and Daiichikosho.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $547M | $128M | 2.2x | 2.0x | 9.2x | 8.4x | |||
| $64M | - | 21.8x | 22.2x | - | - | |||
| $2B | $212M | 0.8x | 0.8x | 7.8x | 7.7x | |||
| $14B | $86M | 0.2x | - | 33.1x | - | |||
| $529M | $14M | 2.5x | 2.3x | 92.0x | 13.3x | |||
| $6.5B | $337M | 0.7x | 0.6x | 12.6x | 12.6x | |||
| $1.5B | $50M | 1.0x | 1.0x | 29.6x | 12.3x | |||
| $5.1B | $199M | 0.5x | - | 13.7x | - | |||
This data is available for Pro users. Sign up to see all Coocaa competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Coocaa
| When was Coocaa founded? | Coocaa was founded in 2006. |
| Where is Coocaa headquartered? | Coocaa is headquartered in Shenzhen, China. |
| Is Coocaa publicly listed? | No, Coocaa is a private, VC-backed company. |
| What is Coocaa's valuation? | Coocaa was last valued at $1.4B in its undisclosed-stage round in March 2018. |
| How much funding has Coocaa raised? | Coocaa has raised $218M across 2 funding rounds. |
| What was Coocaa's last funding round? | Coocaa's last funding round was a $174M undisclosed-stage round in March 2018, led by Baidu. |
| Who are Coocaa's investors? | Coocaa's investors include Tencent and Baidu. |
| What is Coocaa's revenue? | Coocaa's latest recorded revenue is $24M (June 2017). |
| What is Coocaa's revenue multiple? | Coocaa's latest valuation implies a 23.9x revenue multiple ($573M valuation on $24M of revenue). |
| Which companies are comparable to Coocaa? | Companies comparable to Coocaa include Tamron, boAt, Sun Corp., United Electronics, Telling Telecommunication and New Leshi Smart Home. |
| How many companies has Coocaa invested in? | Coocaa has invested in 3 companies, including Billy Information, 8K Lanyue and Tmeng.cn. |
| What was Coocaa's last investment? | In June 2023, Coocaa invested in Billy Information's $29M Series A. |
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