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- Fapiaoer
Fapiaoer Funding, Investors & Competitors
Fapiaoer has raised $150M across 2 funding rounds, most recently a $141M Series B in October 2019.
Last Fapiaoer funding round
$141M
Series B · Oct 2019
Cumulative funding Fapiaoer raised
$150M
across 2 funding rounds
Key investors in Fapiaoer
IDG Capital
Hillhouse Investment
CDH Investments
WANDA Group
Tencent
Shenzhen Capital Group
China Capital Zhongcai Fund Management
Pusi Capital
Fapiaoer Overview
About Fapiaoer
Fapiaoer is a China-based electronic invoicing platform under Tencent-backed GaoPeng. It streamlines invoice creation, storage, and reimbursement for enterprises using cloud technology. GaoPeng incubates WeChat commercialization projects and optimizes group-buying e-commerce. Fapiaoer serves businesses nationwide with compliant digital fapiao solutions integrated into payment systems.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Fapiaoer Funding History
Fapiaoer has raised a total of $150M across 2 funding rounds.
Fapiaoer's first fundraising round was a $10M Series A in February 2018. The most recent completed round was a $141M Series B in October 2019.
Fapiaoer funding rounds
| Date | Stage | Investors | Raised |
|---|---|---|---|
| Oct 2019 | Series B | Pusi Capital; IDG Capital; Tencent; Hillhouse Investment; China Capital Zhongcai Fund Management; Shenzhen Capital Group; WANDA Group; CDH Investments | $141M |
| Feb 2018 | Series A | IDG Capital; Hillhouse Investment; WANDA Group; CDH Investments | $10M |
Who has invested in Fapiaoer?
8 investors have backed Fapiaoer across its funding rounds, including IDG Capital, Hillhouse Investment, CDH Investments, WANDA Group, Tencent and Shenzhen Capital Group.
Fapiaoer Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Feb 2018 | ||
| 2 | Participant | Feb 2018 | ||
| 2 | Participant | Feb 2018 | ||
| 2 | Participant | Feb 2018 | ||
| -- | 1 | Participant | Oct 2019 | |
| 1 | Participant | Oct 2019 | ||
This data is available for Pro users. Sign up to see all 8 Fapiaoer 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 TrialFapiaoer Competitors
Fapiaoer competitors include listed companies like Alibaba Group, S&P Global, Moody's and Constellation Software, and private ones like Ant Group and OneConnect.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $153B | $15B | $266B | 1.6x | ||
| Publicly listed | $15B | $7.7B | $119B | 9.1x | ||
| Publicly listed | $7.7B | $3.8B | $80B | 10.6x | ||
| Private | $25B | - | $79B | 3.2x | ||
| Publicly listed | $12B | $2.5B | $43B | 3.5x | ||
| Private | - | - | $7.4B | - |
Fapiaoer Public Comps
Fapiaoer is still privately-owned, but its public comps include Alibaba Group, S&P Global, Moody's, Carvana, Constellation Software, Fiserv, Verisk Analytics, HiThink, Shein and Fair Isaac.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $153B | $15B | 1.7x | 1.6x | 17.5x | 13.0x | |||
| $15B | $7.7B | 8.9x | 9.1x | 17.6x | 17.3x | |||
| $7.7B | $3.8B | 11.2x | 10.6x | 22.5x | 20.1x | |||
| $20B | ($110M) | 3.7x | 2.9x | (691.4x) | 27.7x | |||
| $12B | $2.5B | 4.0x | 3.5x | 18.5x | 12.9x | |||
| $21B | $8.9B | 2.5x | 2.8x | 6.1x | 6.4x | |||
| $3.1B | $1.7B | 8.8x | 8.5x | 16.2x | 15.1x | |||
| $899M | $530M | 23.0x | 18.9x | 39.1x | 31.2x | |||
This data is available for Pro users. Sign up to see all Fapiaoer competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Fapiaoer
| When was Fapiaoer founded? | Fapiaoer was founded in 2017. |
| Where is Fapiaoer headquartered? | Fapiaoer is headquartered in Shenzhen, China. |
| Is Fapiaoer publicly listed? | No, Fapiaoer is a private, VC-backed company. |
| How much funding has Fapiaoer raised? | Fapiaoer has raised $150M across 2 funding rounds. |
| What was Fapiaoer's last funding round? | Fapiaoer's last funding round was a $141M Series B in October 2019. |
| Who are Fapiaoer's investors? | Fapiaoer's investors include IDG Capital, Hillhouse Investment, WANDA Group, CDH Investments, Pusi Capital, Tencent, China Capital Zhongcai Fund Management and Shenzhen Capital Group. |
| Which companies are comparable to Fapiaoer? | Companies comparable to Fapiaoer include Alibaba Group, S&P Global, Moody's, Ant Group, Constellation Software and OneConnect. |
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