Fuyou Kache Funding, Investors & Competitors

Fuyou Kache has raised $254M across 5 funding rounds, most recently a $170M Series D in December 2018.

Last Fuyou Kache funding round

$170M

Series D · Dec 2018

Cumulative funding Fuyou Kache raised

$254M

across 5 funding rounds

Key investors in Fuyou Kache

  • Eastern Bell Capital
  • GLP
  • Legend Capital
  • Matrix Partners China
  • Alibaba Group
  • JD.com
  • AVIC Trust
  • Bank of China Group Investment

Fuyou Kache Overview

About Fuyou Kache

Fuyou Kache is a digital logistics platform matching long-haul truck drivers with enterprise clients, individuals, and third-party logistics providers for freight transportation services across China.


Founded

2013

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B & B2C

Revenue model

Commission

Fuyou Kache Funding History

Fuyou Kache has raised a total of $254M across 5 funding rounds.

Fuyou Kache's first fundraising round was a $9M Series A in January 2015. The most recent completed round was a $170M Series D in December 2018.

Fuyou Kache funding rounds

Fuyou Kache funding rounds
DateStageInvestorsRaisedDeal Summary
Dec 2018Series DBank of China Group Investment (lead); Matrix Partners China (lead)$170M-
Jan 2018Series CJD.com (lead); GLP; Legend Capital; Eastern Bell Capital$23MFuyoukache (福佑卡车) is an intercity truck logistics platform that provides information services connecting truck drivers and shippers, focusing on vehicle logistics through internet technology, big data, and AI. It cooperates with traditional intermediaries and insurance carriers to reduce credit guarantee costs and enable drivers to access broker client resources. The platform uses historical big data for machine quotes with 90% accuracy matching market prices and initially employed anonymous bidding based on factors like vehicle model, transport line, and market supply-demand. On January 2, 2018, Fuyoukache closed its Series C+ funding round of RMB150 million (about USD23 million), led by JD Logistics (JD.com's logistics arm), with participation from Legend Capital, Eastern Bell Venture Capital, and Global Logistics Properties (GLP). This followed a RMB250 million Series C round led by Legend Capital in March 2017, bringing total Series C financing to RMB400 million. China Taihecap served as exclusive financial advisor. Post-funding, Fuyoukache planned to integrate goods resources from JD Logistics to enhance transport efficiency, service standards, user matching, and order characteristics. Unlike pure platform models like Huochebang (Didi-style direct matching), Fuyoukache bets on an agent mode to build trust for high-value goods shipments.
Mar 2017Series CLegend Capital (lead); GLP; AVIC Trust; Eastern Bell Capital$36MFuyoukache is a China-based trucking logistics platform founded in 2014 that connects long-distance lorry drivers with shippers, corporates, and third-party logistics providers via an online platform. It has partnered with over 30 logistics companies and operates in an agent mode rather than direct driver-shipper matching, using anonymous bidding with 90% price accuracy based on factors like historical prices and market conditions. The company raised RMB250 million ($36 million) in its Series C round on approximately March 9-10, 2017, led by Legend Capital with participation from GLP, Eastern Bell Venture Capital, AVIC Trust, and Zhen Fund. Additionally, GLP and AVIC Trust provided $43 million in debt financing alongside the equity. Prior to Series C, Fuyoukache secured $9 million in Series A from Alibaba co-founder Wu Yongming in 2015 and $15 million in Series B in April 2016 led by Eastern Bell with GLP, which also extended $14 million in credit. The Series C brought total Series C funding to RMB400 million including a later C+ tranche of RMB150 million ($23.1 million) in January 2018 led by JD Logistics with follow-on from Legend Capital, Eastern Bell, and GLP, advised by China Taihecap. Post-C+, Fuyoukache planned to integrate JD Logistics goods resources to enhance efficiency and user matching. Fuyoukache, also known as FOR-U Smart Freight or Fuyou Trucks, uses deep learning algorithms for logistics functions from quoting to settlement, boosting vehicle efficiency by 24% and cutting costs by 15%. It built a network of over 800,000 drivers.
Apr 2016Series BGLP; Eastern Bell Capital$15M-
Jan 2015Series AAlibaba Group (lead)$9M-

Who has invested in Fuyou Kache?

8 investors have backed Fuyou Kache across its funding rounds, including Eastern Bell Capital, GLP, Legend Capital, Matrix Partners China, Alibaba Group and JD.com.

Lead investors include Bank of China Group Investment, Matrix Partners China, JD.com, Legend Capital and Alibaba Group.


Fuyou Kache Investors

Investors in Fuyou Kache by funding rounds participated
InvestorHQRoundsRoleFirst check
GLPSingaporeSingapore3ParticipantApr 2016
Eastern Bell CapitalChinaShanghai3ParticipantApr 2016
Legend CapitalChinaBeijing2LeadMar 2017
Matrix Partners ChinaChinaBeijing1LeadDec 2018
JD.comChinaBeijing1LeadJan 2018
Alibaba GroupChinaHangzhou1LeadJan 2015

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Fuyou Kache Competitors

Fuyou Kache competitors include listed companies like Copart and RB Global, and private ones like OfBusiness, Zetwerk, Inxeption and Jusda.

Public and private companies comparable to Fuyou Kache
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
OfBusinessIndiaGurgaonPrivate$2.1B-$4B1.9x
ZetwerkIndiaBangalorePrivate$102M$20M$3.1B-
InxeptionUnited StatesUnited StatesPrivate$300M-$3B10.0x
JusdaChinaShenzhenPrivate--$2.5B-
CopartUnited StatesUnited StatesPublicly listed$4.6B$1.9B$27B4.9x
RB GlobalUnited StatesUnited StatesPublicly listed$4.6B$1.4B$16B4.1x

Fuyou Kache Public Comps

Fuyou Kache is still privately-owned, but its public comps include Recruit Holdings, Uber, Booking Holdings, Airbnb, Prosus, DoorDash, Canadian National Railway, Carvana, Meituan and Maersk.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Recruit Holdings$24B$4B6.4x6.0x37.9x25.2x
Uber$52B$6.2B3.0x2.8x24.9x14.6x
Booking Holdings$27B$8.3B4.9x4.6x15.9x12.4x
Airbnb$12B$2.4B7.2x6.5x36.3x18.2x
Prosus$9.7B$1.1B9.1x8.0x83.8x123.7x
DoorDash$14B$1.5B6.0x4.9x55.8x23.7x
Canadian National Railway$12B$6.5B7.2x6.8x13.6x13.9x
Carvana$20B($110M)3.7x2.9x(691.4x)27.7x

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Common questions about Fuyou Kache

When was Fuyou Kache founded?Fuyou Kache was founded in 2013.
Where is Fuyou Kache headquartered?Fuyou Kache is headquartered in Beijing, China.
Is Fuyou Kache publicly listed?No, Fuyou Kache is a private, VC-backed company.
How much funding has Fuyou Kache raised?Fuyou Kache has raised $254M across 5 funding rounds.
What was Fuyou Kache's last funding round?Fuyou Kache's last funding round was a $170M Series D in December 2018, led by Bank of China Group Investment and Matrix Partners China.
Who are Fuyou Kache's investors?Fuyou Kache's investors include GLP, Eastern Bell Capital, Legend Capital, Matrix Partners China, JD.com, Alibaba Group, AVIC Trust and Bank of China Group Investment.
Which companies are comparable to Fuyou Kache?Companies comparable to Fuyou Kache include OfBusiness, Zetwerk, Inxeption, Jusda, Copart and RB Global.

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