Fadada.com Funding, Investors & Competitors

Fadada.com has raised $223M across 5 funding rounds, most recently a $138M Series D in March 2021.

Last Fadada.com funding round

$138M

Series D · Mar 2021

Cumulative funding Fadada.com raised

$223M

across 5 funding rounds

Key investors in Fadada.com

  • Tencent
  • Vision Plus Capital
  • Bojiang Capital
  • Tiger Global
  • Ares Management
  • Albatross Venture
  • ZWC Partners
  • Centurium Capital

Fadada.com Overview

About Fadada.com

Fadada.com is a Beijing-headquartered provider of electronic signature and contract management services leveraging legal digital signatures. Launched in 2013, the platform serves enterprises, governments, and individuals for online document signing, approval workflows, and archival. It integrates with enterprise systems for secure, compliant transactions in sectors like finance, real estate, and e-commerce across China.


Founded

2014

HQ

ChinaShenzhen

Website

fadada.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Fadada.com Funding History

Fadada.com has raised a total of $223M across 5 funding rounds, plus 1 secondary share sale.

Fadada.com's first fundraising round was a $2M Series A in September 2015. The most recent completed round was a $138M Series D in March 2021.

Fadada.com funding rounds

Fadada.com funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2021SecondaryVictor Koch$1M-
Mar 2021Series DTencent (lead); ZWC Partners; Centurium Capital$138MFadada.com is a leading Chinese provider of e-signature and cloud contract services, offering SaaS products, open API solutions for ERP integration, and hybrid cloud options for electronic contracts and process management. Founded in 2014 by CEO Xiang Huang, the company focuses on technology and product innovation in e-signature applications across industries like finance, real estate, automotive, HR, and education. It has partnerships with major platforms including Microsoft, SAP, Oracle, Kingdee, Yonyou Software, Mingyuan Cloud, Tencent WeChat Mini-apps, Enterprise WeChat, and Tencent Qidian. On March 11, 2021, Fadada completed a Series D financing round raising RMB 900 million (approximately USD 139 million) from Tencent, Centurium Capital, and ZWC Partners, with Tencent participating as a key investor. The funds are intended to expand market penetration, advance cutting-edge technologies, hire talent, and build customer-focused R&D, sales, and service systems. This follows a prior C round led by Tencent and Tiger Global yielding CNY 398 million (USD 57.9 million), with additional participation from Ares Management and Vision Plus Capital. Previous investors include Ali Venture Capital and Ant Financial via limited partnerships. Fadada demonstrates strong market traction with nearly 2,000 large- and mid-sized paying corporate users and 130 million total users who have signed over 1.2 billion e-contracts across 80 sub-sectors. The COVID-19 pandemic accelerated adoption, with daily new user registrations averaging eight times higher than the same period in 2019 and peaking at nearly 20 times year-over-year. The company competes with rivals like Tsign, BestSign, and Yunsign in China's growing electronic signature market, which saw significant financing activity in prior years.
Mar 2019Series CTencent (lead); Tiger Global (lead); Vision Plus Capital; Ares Management$58MFadada.com, founded in 2014 and based in Shenzhen, China, is a leading third-party electronic contract platform providing software-as-a-service for electronic signatures, contract management, document signing, and deposit certificates. It serves enterprises and individuals in sectors like internet finance, O2O e-commerce, finance, real estate, automotive, human resources, education, and insurance. On March 6, 2019, Fadada completed its Series C funding round, raising RMB 398 million (approximately USD 57.9-59.26 million), co-led by Tencent and Tiger Global, with participation from Ares Management (Rui Sheng Investment) and Vision Plus Capital (Yuan Jing Capital). Previous investors include Ali Venture Capital and Ant Financial Services Group via limited partnerships. The company had nearly 2,000 large- and mid-sized paying corporate users, with 130 million users having signed over 1.2 billion e-contracts across around 80 sub-sectors. It partnered with major platforms like Microsoft, SAP, Oracle, Kingdee, Yonyou Software, and Mingyuan Cloud. Funds were allocated to increase market penetration, develop cutting-edge technologies, hire talent, and build customer-focused R&D, sales, and service systems. Tencent emphasized industrial internet upgrades and enterprise efficiency, while Tiger Global highlighted Fadada's product innovation, ecological layout, and ToB expertise in the growing electronic contract market. Fadada operates in a competitive landscape with rivals like Tsign, BestSign, and Yunsign; the sector saw significant financing activity, with 10 platforms raising over CNY 200 million across 12 rounds in 2016 alone. Total funding across five rounds reached about $208.54 million by later reports.
Jun 2018Series BVision Plus Capital (lead); Harmony Investments; Bojiang Capital$16M-
Jan 2017Series BPeeli Ventures (lead); HMC Ventures; Yi Fang Group; Bojiang Capital; Encore Capital$9M-
Sep 2015Series AAlbatross Venture; Shanghai Fuli Investment Management$2M-

Who has invested in Fadada.com?

15 investors have backed Fadada.com across its funding rounds, including Tencent, Vision Plus Capital, Bojiang Capital, Tiger Global, Ares Management and Albatross Venture.

Lead investors include Tencent, Tiger Global, Vision Plus Capital and Peeli Ventures.


Fadada.com Investors

Investors in Fadada.com by funding rounds participated
InvestorHQRoundsRoleFirst check
TencentChinaShenzhen2LeadMar 2019
Vision Plus CapitalChinaHangzhou2LeadJun 2018
Bojiang CapitalChinaHangzhou2ParticipantJan 2017
Harmony InvestmentsUnited StatesNorfolk, VA1ParticipantJun 2018
Victor KochHong KongHong Kong1ParticipantJun 2021
HMC VenturesChinaHangzhou1ParticipantJan 2017
ZWC PartnersHong KongHong Kong1ParticipantMar 2021
Peeli VenturesChinaShanghai1LeadJan 2017
Albatross VentureChinaBeijing1ParticipantSep 2015
Shanghai Fuli Investment ManagementChinaShanghai1ParticipantSep 2015
Yi Fang GroupChinaBeijing1ParticipantJan 2017
Centurium CapitalChinaBeijing1ParticipantMar 2021
Tiger GlobalUnited StatesNew York City, NY1LeadMar 2019

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Fadada.com Competitors

Fadada.com competitors include listed companies like Intapp, Constellation Software, SS&C Technologies and Topicus, and private ones like Ant Group and Rippling.

Public and private companies comparable to Fadada.com
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
IntappUnited StatesUnited StatesPublicly listed$578M($16M)$2.8B4.5x
Constellation SoftwareCanadaCanadaPublicly listed$12B$2.5B$43B3.5x
SS&C TechnologiesUnited StatesUnited StatesPublicly listed$6.3B$2.1B$19B3.9x
TopicusNetherlandsNetherlandsPublicly listed$1.8B$393M$5.4B3.0x
Ant GroupChinaHangzhouPrivate$25B-$79B3.2x
RipplingUnited StatesSan Francisco, CAPrivate$570M-$17B29.5x

Fadada.com Public Comps

Fadada.com is still privately-owned, but its public comps include S&P Global, Moody's, Constellation Software, Fiserv, Verisk Analytics, HiThink, Fair Isaac, SS&C Technologies, Fidelity Information Services and Broadridge.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
S&P Global$15B$7.7B8.9x9.1x17.6x17.3x
Moody's$7.7B$3.8B11.2x10.6x22.5x20.1x
Constellation Software$12B$2.5B4.0x3.5x18.5x12.9x
Fiserv$21B$8.9B2.5x2.8x6.1x6.4x
Verisk Analytics$3.1B$1.7B8.8x8.5x16.2x15.1x
HiThink$899M$530M23.0x18.9x39.1x31.2x
Fair Isaac$2B$951M13.2x10.4x27.6x17.1x
SS&C Technologies$6.3B$2.1B4.2x3.9x12.4x10.0x

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Common questions about Fadada.com

When was Fadada.com founded?Fadada.com was founded in 2014.
Where is Fadada.com headquartered?Fadada.com is headquartered in Shenzhen, China.
Is Fadada.com publicly listed?No, Fadada.com is a private, VC-backed company.
How much funding has Fadada.com raised?Fadada.com has raised $223M across 5 funding rounds.
What was Fadada.com's last funding round?Fadada.com's last funding round was a $138M Series D in March 2021, led by Tencent.
Who are Fadada.com's investors?Fadada.com's investors include Tencent, Vision Plus Capital, Bojiang Capital, Harmony Investments, Victor Koch, HMC Ventures, ZWC Partners, Peeli Ventures, Albatross Venture, Shanghai Fuli Investment Management and 5 others.
Which companies are comparable to Fadada.com?Companies comparable to Fadada.com include Intapp, Constellation Software, SS&C Technologies, Topicus, Ant Group and Rippling.

See companies similar to Fadada.com

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