CooTek Funding, Investors & Competitors

CooTek has raised $184M across 4 funding rounds, most recently a $66M Series D in January 2017.

Last CooTek funding round

$66M

Series D · Jan 2017

Cumulative funding CooTek raised

$184M

across 4 funding rounds

Key investors in CooTek

  • Qiming Venture Partners
  • HSG
  • Qualcomm Ventures
  • SIG China (SIG Asia Investments)
  • Huagai Capital
  • New Alliance Capital
  • CCB International
  • PurpleSky Capital

CooTek Overview

About CooTek

CooTek is a mobile internet company developing AI-powered apps and keyboards. Its TouchPal Keyboard serves Android and iOS users globally, alongside apps in fitness, health, news, and entertainment. Shanghai-headquartered and NYSE-listed in 2018 after founding in 2008, it maintains offices in Silicon Valley, Beijing, and Taipei. The firm holds 170 patents and publishes at AAAI and KDD conferences.


Founded

2008

HQ

ChinaShanghai

Website

cootek.com

Status

Privately held

Customer focus

B2C

Revenue model

Advertising, Subscription

CooTek Funding History

CooTek has raised a total of $184M across 4 funding rounds.

CooTek's first fundraising round was a $3M Series B in May 2013. The most recent completed round was a $66M Series D in January 2017.

CooTek funding rounds

CooTek funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2017Series DCCB International (lead); Huagai Capital (lead); Tranquility Capital; Qiming Venture Partners; New Alliance Capital; SIG China (SIG Asia Investments); HSG$66MCooTek (Cayman) Inc. is a global mobile internet company founded in 2008, headquartered in Shanghai with offices in Silicon Valley, Beijing, Taipei, Guangzhou, and Shenzhen. It develops content-rich portfolio apps with news feeds targeting fitness, lifestyle, healthcare, news, short videos, and entertainment verticals, using a user-centric, data-driven approach to deliver relevant content. By September 2018, its global products reached an average of 213.7 million monthly active users. The company has over 170 patent applications and awards like the Mobile Innovation Award at GSMA Global Mobile Awards in 2009 and Google Play Best Apps of 2015. In January 2017 (noted closely to the queried October 2017 approximate date), CooTek raised $66 million over 8 funding rounds total, with investors including CCB International, HSG, Huagai Capital, New Alliance Capital, Qiming Venture Partners, SIG China (SIG Asia Investments), and Tranquility Capital; CCB International and Huagai Capital led. For the year ended December 31, 2017, CooTek reported net revenues of US$37.3 million, up 238.5% from US$11.0 million in 2016. The company listed on NYSE (CTK) on September 28, 2018, with over 450 employees focused on innovation in mobile software and services.
Jul 2016Series DQiming Venture Partners (lead)$46MCooTek (Cayman) Inc. is a Shanghai-based AI-enabled mobile internet company developing input software like TouchPal for mobile devices. The company received investments from Qiming Venture Partners across multiple rounds, including Series A (2010), Series B (2012), Series C (2014), and Series D (May 2017). Qiming held an 18.2% stake as of the 2018 IPO filing. Qiming's Fund V closed in February 2016 with $648 million for investments in Chinese tech and healthcare. CooTek reported net revenues of US$11 million in 2016, growing rapidly to US$37.3 million in 2017 (238.5% year-over-year). The company raised a total of $91.4 million over five rounds before its September 2018 US IPO, which priced 4.35 million shares at $12 and raised $52.2 million. Valuation was listed at $715 million in the May 2017 Series D round led by Qiming. CooTek went public on Nasdaq in 2018 as a global mobile internet firm backed by Qiming, with investors including HongShan, CCB International, SIG Asia Investments, and Huagai Capital. Post-IPO, it made a corporate minority investment in Lejiu in 2021.
Jul 2014Series CHSG (lead); Qualcomm Ventures; Qiming Venture Partners$69MCooTek (now known as CooTek (Cayman) Inc.) is a Chinese technology company focused on mobile applications and AI-driven products, such as touch-based input software and consumer apps in areas like lifestyle and entertainment. The company raised a total of $91.4M across 5 funding rounds from 7 investors, including Qiming Venture Partners which participated in its Series A (2010), Series B (2012), Series C (2014), and Series D (2017). Other investors in CooTek include CCB International, SIG Asia Investments, and Huagai Capital. CooTek's later valuation reached $715M in May 2017 (Series D) and it went public via IPO raising $52.2M in September 2018. Post-2014, CooTek made a corporate minority investment in Lejiu in May 2021.
May 2013Series BPurpleSky Capital$3M-

Who has invested in CooTek?

9 investors have backed CooTek across its funding rounds, including Qiming Venture Partners, HSG, Qualcomm Ventures, SIG China (SIG Asia Investments), Huagai Capital and New Alliance Capital.

Lead investors include CCB International, Huagai Capital, Qiming Venture Partners and HSG.


CooTek Investors

Investors in CooTek by funding rounds participated
InvestorHQRoundsRoleFirst check
Qiming Venture PartnersChinaShanghai3LeadJul 2014
HSGHong KongHong Kong2LeadJul 2014
Qualcomm VenturesUnited StatesSan Diego, CA1ParticipantJul 2014
CCB InternationalHong KongHong Kong1LeadJan 2017
Tranquility CapitalSwedenSkövde1ParticipantJan 2017
New Alliance CapitalChinaShanghai1ParticipantJan 2017
PurpleSky CapitalChinaShanghai1ParticipantMay 2013

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CooTek Competitors

CooTek competitors include listed companies like SAP and Snowflake, and private ones like ElevenLabs, Synthesia, Instinct and Commure.

Public and private companies comparable to CooTek
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ElevenLabsPolandWarsawPrivate$500M-$11B22.0x
SynthesiaUnited KingdomLondonPrivate$100M-$4B40.0x
InstinctUnited StatesSan Francisco, CAPrivate--$2.5B-
CommureUnited StatesSan Francisco, CAPrivate$200M-$7B35.0x
SAPGermanyGermanyPublicly listed$42B$13B$248B5.4x
SnowflakeUnited StatesUnited StatesPublicly listed$4.7B($1.3B)$119B21.0x

CooTek Public Comps

CooTek is still privately-owned, but its public comps include Meta, CrowdStrike, SAP, Salesforce, ServiceNow, Snowflake, Adobe, Datadog, Moody's and Nebius Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Meta$201B$104B8.8x7.4x17.0x12.7x
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
SAP$42B$13B5.8x5.4x18.4x17.1x
Salesforce$42B$13B5.5x5.2x17.8x12.2x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Adobe$24B$9.3B4.3x3.9x10.9x8.2x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x

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Common questions about CooTek

When was CooTek founded?CooTek was founded in 2008.
Where is CooTek headquartered?CooTek is headquartered in Shanghai, China.
Is CooTek publicly listed?No, CooTek is a private, VC-backed company.
How much funding has CooTek raised?CooTek has raised $184M across 4 funding rounds.
What was CooTek's last funding round?CooTek's last funding round was a $66M Series D in January 2017, led by CCB International and Huagai Capital.
Who are CooTek's investors?CooTek's investors include Qiming Venture Partners, HSG, Qualcomm Ventures, CCB International, Tranquility Capital, New Alliance Capital, PurpleSky Capital, Huagai Capital and SIG China (SIG Asia Investments).
Which companies are comparable to CooTek?Companies comparable to CooTek include ElevenLabs, Synthesia, Instinct, Commure, SAP and Snowflake.

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