DeePoon Valuation, Funding & Investors

DeePoon is valued at $830M as of January 2016.

Last DeePoon valuation

$830M

Series B · Jan 2016

Last DeePoon funding round

$15M

Series A · Mar 2023

Cumulative funding DeePoon raised

$45M

across 2 funding rounds

Key investors in DeePoon

  • SkyChee Ventures
  • Kingnet Network
  • Xunlei
  • Qingdao Cultural Investment Capital
  • Qingdao Microelectronics Innovation Capital

DeePoon Overview

About DeePoon

DeePoon is a developer of VR head-mounted devices and content supporting PC and mobile platforms. Products include Virglass and E series helmets with AMOLED displays. The Shenzhen-based company operates 3Dbobo distribution platform.


Founded

2014

HQ

ChinaShanghai

Website

dpvr.cn

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$830M (Jan 2016)

DeePoon Valuation

DeePoon is currently valued at $830M, based on its Series B in January 2016.

The $30M round was led by Xunlei, with participation from Kingnet Network.

DeePoon valuation by funding round

DeePoon valuation by funding round
DateStageValuation
Jan 2016Series B$830M

DeePoon Funding History

DeePoon has raised a total of $45M across 2 funding rounds.

DeePoon's first fundraising round was a $30M Series B in January 2016. The most recent completed round was a $15M Series A in March 2023.

DeePoon funding rounds

DeePoon funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2023Series AQingdao Microelectronics Innovation Capital (lead); Qingdao Cultural Investment Capital; SkyChee Ventures$15M--
Jan 2016Series BXunlei (lead); Kingnet Network$30M$830MDeePoon is a VR head-mounted display provider that completed a Series B funding round in January 2016. The round raised USD 30 million and was led by Xunlei Ltd., with co-investment from Kaiying Network Technology Co. and Kingnet. The company achieved a post-money valuation of USD 830 million following this round.

Who has invested in DeePoon?

5 investors have backed DeePoon across its funding rounds, including SkyChee Ventures, Kingnet Network, Xunlei, Qingdao Cultural Investment Capital and Qingdao Microelectronics Innovation Capital.

Lead investors include Qingdao Microelectronics Innovation Capital and Xunlei.


DeePoon Investors

Investors in DeePoon by funding rounds participated
InvestorHQRoundsRoleFirst check
Qingdao Cultural Investment CapitalChinaChina1ParticipantMar 2023
SkyChee VenturesChinaBeijing1ParticipantMar 2023
Qingdao Microelectronics Innovation CapitalChinaChina1LeadMar 2023

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DeePoon Competitors

DeePoon competitors include listed companies like HTC and Sun Corp., and private ones like Xreal, DigiLens, WayRay and Pimax VR.

Public and private companies comparable to DeePoon
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
XrealChinaBeijingPrivate--$1B-
HTCTaiwanTaiwanPublicly listed$91M$22M$1B6.9x
DigiLensUnited StatesSan Francisco, CAPrivate--$530M-
WayRaySwitzerlandZurichPrivate--$500M-
Sun Corp.JapanJapanPublicly listed$64M-$1.4B22.2x
Pimax VRChinaShanghaiPrivate--$380M-

DeePoon Public Comps

DeePoon is still privately-owned, but its public comps include EIZO, Eureka Forbes, Shenzhen Rapoo Technology, Kopin, Guangzhou Pearl River, Basler, Bear Electric Appliance, Quest Holdings, Skyworth Group and Funai Soken Holdings.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
EIZO$523M$90M1.4x1.3x8.0x16.2x
Eureka Forbes$281M$29M2.7x2.5x25.7x20.5x
Shenzhen Rapoo Technology$68M$1M12.2x-569.6x-
Kopin$38M$3M22.2x15.6x338.7x(97.7x)
Guangzhou Pearl River$85M($43M)10.0x-(19.8x)-
Basler$255M$40M3.0x2.5x19.2x13.0x
Bear Electric Appliance$780M$102M0.6x0.6x4.6x5.0x
Quest Holdings$1.7B$113M0.6x0.5x8.3x7.8x

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Common questions about DeePoon

When was DeePoon founded?DeePoon was founded in 2014.
Where is DeePoon headquartered?DeePoon is headquartered in Shanghai, China.
Is DeePoon publicly listed?No, DeePoon is a private, VC-backed company.
What is DeePoon's valuation?DeePoon was last valued at $830M in its Series B in January 2016.
How much funding has DeePoon raised?DeePoon has raised $45M across 2 funding rounds.
What was DeePoon's last funding round?DeePoon's last funding round was a $15M Series A in March 2023, led by Qingdao Microelectronics Innovation Capital.
Who are DeePoon's investors?DeePoon's investors include Qingdao Cultural Investment Capital, SkyChee Ventures, Qingdao Microelectronics Innovation Capital, Xunlei and Kingnet Network.
Which companies are comparable to DeePoon?Companies comparable to DeePoon include Xreal, HTC, DigiLens, WayRay, Sun Corp. and Pimax VR.

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