EigenCOMM Valuation, Funding & Investors

EigenCOMM is valued at $628M as of January 2022.

Last EigenCOMM valuation

$628M

Series C · Jan 2022

Last EigenCOMM funding round

$157M

Series C · Jan 2022

Cumulative funding EigenCOMM raised

$172M

across 2 funding rounds

Key investors in EigenCOMM

  • SoftBank Group
  • Qiming Venture Partners
  • Shenzhen Capital Group
  • Cathay Capital
  • Vertex Ventures China
  • Co-Stone Venture Capital

EigenCOMM Overview

About EigenCOMM

EigenCOMM is a Shanghai-headquartered semiconductor company specializing in cellular IoT chipsets for NB-IoT, LTE-M, and 5G RedCap applications. It develops low-power modules for smart metering, asset tracking, and industrial sensors, supporting global carriers like China Mobile and Vodafone. The firm supplies chipsets compliant with 3GPP standards to device manufacturers in Asia, Europe, and North America.


Founded

2017

HQ

ChinaShanghai

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$628M (Jan 2022)

EigenCOMM Valuation

EigenCOMM is currently valued at $628M, based on its Series C in January 2022. Read the announcement ↗

The $157M round was led by Qiming Venture Partners and SoftBank Group, with participation from Shenzhen Qianhai Xingwang Investment, China Universal Asset Management, Chobe Capital, Co-Stone Venture Capital, GF Qianhe Investment and 3 other investors.

EigenCOMM valuation by funding round

EigenCOMM valuation by funding round
DateStageValuation
Jan 2022Series C$628M

EigenCOMM Funding History

EigenCOMM has raised a total of $172M across 2 funding rounds.

EigenCOMM's first fundraising round was a $14M Series A in November 2019. The most recent completed round was a $157M Series C in January 2022.

EigenCOMM funding rounds

EigenCOMM funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2022Series CQiming Venture Partners (lead); SoftBank Group (lead); Shenzhen Qianhai Xingwang Investment; China Universal Asset Management; Chobe Capital; Co-Stone Venture Capital; GF Qianhe Investment; Cathay Capital; FiberHome Capital; China Fellow Partners$157M$628MShanghai Eigencomm Technologies Ltd., founded in February 2017 and based in Zhangjiang High-Tech Park, Shanghai, designs cellular mobile communication chips for the Internet of Things, positioning itself as one of the few independent players globally alongside giants like Qualcomm, HiSilicon, Samsung, MTK, and UNISOC, with a focus on high performance and cost efficiency. The company has developed and mass-produced NB-IoT chips EC616 and EC616S, noted for low cost, low power, high performance, reliability, and wide voltage, applied in smart meters, intelligent fire protection, bike-sharing, asset tracking, and home appliances. On January 12, 2022, Eigencomm completed its Series C funding round of 1 billion CNY (approximately $157 million USD), led by SoftBank Vision Fund 2, with co-investors Cathay Capital, Co-Stone Venture Capital (Costone Capital), GF Qianhe Qiaobei Chobe Capital, and existing shareholders including Qiming Venture Partners, FiberHome Capital (Fenghuo Capital), China Fellow Partners (Fellow Partners), Shenzhen Qianhai Xingwang Investment (Xingwang Investment), and China Universal Asset Management. Sources confirm the round size as around $156.8M to $156.93M USD, with total funding across three rounds reaching $171M to $219M. Proceeds are allocated to ongoing research, development, and innovation of global 5G communication chips.
Nov 2019Series AVertex Ventures China (lead); Global Venture Capital; Shenzhen Capital Group$14M--

Who has invested in EigenCOMM?

13 investors have backed EigenCOMM across its funding rounds, including SoftBank Group, Qiming Venture Partners, Shenzhen Capital Group, Cathay Capital, Vertex Ventures China and Co-Stone Venture Capital.

Lead investors include Qiming Venture Partners, SoftBank Group and Vertex Ventures China.


EigenCOMM Investors

Investors in EigenCOMM by funding rounds participated
InvestorHQRoundsRoleFirst check
SoftBank GroupJapanTokyo1LeadJan 2022
Shenzhen Qianhai Xingwang InvestmentChinaShenzhen1ParticipantJan 2022
China Universal Asset ManagementChinaShanghai1ParticipantJan 2022
Qiming Venture PartnersChinaShanghai1LeadJan 2022
Chobe CapitalChinaShanghai1ParticipantJan 2022
Global Venture CapitalBahrainManama1ParticipantNov 2019
Co-Stone Venture CapitalChinaShenzhen1ParticipantJan 2022
Shenzhen Capital GroupChinaShenzhen1ParticipantNov 2019
Vertex Ventures ChinaChinaBeijing1LeadNov 2019
GF Qianhe InvestmentChinaBeijing1ParticipantJan 2022
Cathay CapitalFranceParis1ParticipantJan 2022

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EigenCOMM Competitors

EigenCOMM competitors include listed companies like Fixstars and Northern Data, and private ones like proteanTecs, AMP, Tensordyne and Quantum Machines.

Public and private companies comparable to EigenCOMM
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
FixstarsJapanJapanPublicly listed$61M$17M$362M4.5x
Northern DataGermanyGermanyPublicly listed$89M($35M)$648M-
proteanTecsIsraelHaifaPrivate$60M-$600M10.0x
AMPUnited StatesLouisville, KYPrivate--$571M-
TensordyneUnited StatesSan Francisco, CAPrivate--$569M-
Quantum MachinesUnited StatesWilmington, DEPrivate--$700M-

EigenCOMM Public Comps

EigenCOMM is still privately-owned, but its public comps include Aeva, Northern Data, Sercomm, Queclink, Boost Run, Gemtek Technology, Ependion, Yuil Robotics, MapmyIndia and People & Technology.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Aeva$18M($139M)31.6x19.4x(4.1x)(5.0x)
Northern Data$89M($35M)15.8x-(41.1x)-
Sercomm$1.7B$82M0.5x0.3x9.7x9.7x
Queclink$134M$13M3.4x2.8x36.2x24.7x
Boost Run$27M($4M)29.9x5.3x(215.7x)10.7x
Gemtek Technology$507M$17M0.9x-28.5x-
Ependion$227M$64M2.5x2.1x8.9x10.3x
Yuil Robotics$28M($17M)17.7x-(28.9x)-

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Common questions about EigenCOMM

When was EigenCOMM founded?EigenCOMM was founded in 2017.
Where is EigenCOMM headquartered?EigenCOMM is headquartered in Shanghai, China.
Is EigenCOMM publicly listed?No, EigenCOMM is a private, VC-backed company.
What is EigenCOMM's valuation?EigenCOMM was last valued at $628M in its Series C in January 2022.
How much funding has EigenCOMM raised?EigenCOMM has raised $172M across 2 funding rounds.
What was EigenCOMM's last funding round?EigenCOMM's last funding round was a $157M Series C in January 2022, led by Qiming Venture Partners and SoftBank Group.
Who are EigenCOMM's investors?EigenCOMM's investors include SoftBank Group, Shenzhen Qianhai Xingwang Investment, China Universal Asset Management, Qiming Venture Partners, Chobe Capital, Global Venture Capital, Co-Stone Venture Capital, Shenzhen Capital Group, Vertex Ventures China, GF Qianhe Investment and 3 others.
Which companies are comparable to EigenCOMM?Companies comparable to EigenCOMM include Fixstars, Northern Data, proteanTecs, AMP, Tensordyne and Quantum Machines.

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