- Companies
- CooTek
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2017 | Series D | CCB International (lead); Huagai Capital (lead); Tranquility Capital; Qiming Venture Partners; New Alliance Capital; SIG China (SIG Asia Investments); HSG | $66M | CooTek (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 2016 | Series D | Qiming Venture Partners (lead) | $46M | CooTek (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 2014 | Series C | HSG (lead); Qualcomm Ventures; Qiming Venture Partners | $69M | CooTek (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 2013 | Series B | PurpleSky 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jul 2014 | ||
| 2 | Lead | Jul 2014 | ||
| 1 | Participant | Jul 2014 | ||
| 1 | Lead | Jan 2017 | ||
| 1 | Participant | Jan 2017 | ||
| 1 | Participant | Jan 2017 | ||
| 1 | Participant | May 2013 | ||
This data is available for Pro users. Sign up to see all 9 CooTek 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 TrialCooTek Competitors
CooTek competitors include listed companies like SAP and Snowflake, and private ones like ElevenLabs, Synthesia, Instinct and Commure.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $500M | - | $11B | 22.0x | ||
| Private | $100M | - | $4B | 40.0x | ||
| Private | - | - | $2.5B | - | ||
| Private | $200M | - | $7B | 35.0x | ||
| Publicly listed | $42B | $13B | $248B | 5.4x | ||
| Publicly listed | $4.7B | ($1.3B) | $119B | 21.0x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $201B | $104B | 8.8x | 7.4x | 17.0x | 12.7x | |||
| $4.8B | ($12M) | 51.4x | 44.5x | (19816.2x) | 151.0x | |||
| $42B | $13B | 5.8x | 5.4x | 18.4x | 17.1x | |||
| $42B | $13B | 5.5x | 5.2x | 17.8x | 12.2x | |||
| $13B | $2.6B | 11.1x | 9.6x | 57.2x | 25.0x | |||
| $4.7B | ($1.3B) | 25.6x | 21.0x | (94.1x) | 121.7x | |||
| $24B | $9.3B | 4.3x | 3.9x | 10.9x | 8.2x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
This data is available for Pro users. Sign up to see all CooTek competitors and their valuation data. Start Free Trial | ||||||||
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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