FXiaoKe Revenue, Valuation, Funding & Investors

FXiaoKe is valued at $1B as of August 2024, a 23.3x multiple on its last reported $43M revenue.

Last FXiaoKe valuation

$1B

Undisclosed stage · Aug 2024

Last FXiaoKe funding round

$75M

Undisclosed stage · Aug 2024

FXiaoKe revenue

$43M

Undisclosed stage · Aug 2024

Key investors in FXiaoKe

  • IDG Capital
  • Northern Light Venture Capital
  • DCM Ventures
  • Qiming Venture Partners
  • Eastern Bell Capital
  • Microsoft Accelerator

FXiaoKe Overview

About FXiaoKe

FXiaoKe is a Beijing-headquartered SaaS provider of cloud-based CRM and sales management platforms for Chinese enterprises. Founded in 2011, it offers tools for field sales, channel distribution, and customer relationship management integrated with WeChat Enterprise. FXiaoKe serves over 600,000 small and medium-sized businesses with modules for marketing automation and data analytics via fxiaoke.com.


Founded

2011

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$43M (Aug 2024)

Valuation

$1B (Aug 2024)

FXiaoKe Valuation

FXiaoKe is currently valued at $1B, based on its undisclosed-stage round in August 2024.

The $75M round was led by Eastern Bell Capital, with participation from Qiming Venture Partners and Xiamen C&D Emerging Industry Equity Investment.

FXiaoKe's valuation has moved from $1B at its Series E in July 2016 to $1B in August 2024, across 2 priced rounds.

FXiaoKe valuation by funding round

Revenue multiple
FXiaoKe valuation by funding round
DateStageValuationRevenue Multiple
Aug 2024Undisclosed stage$1B23.3x
Jul 2016Series E$1B-

FXiaoKe Revenue

FXiaoKe's latest recorded revenue is $43M, as of its undisclosed-stage round in August 2024. At a $1B valuation, that implies a 23.3x revenue multiple.

FXiaoKe revenue by funding round

FXiaoKe revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Aug 2024$43M$1B23.3xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

FXiaoKe Funding History

FXiaoKe has raised a total of $388M across 8 funding rounds.

FXiaoKe's first fundraising round was a $3M Series A in July 2013. The most recent completed round was a $75M undisclosed-stage round in August 2024.

FXiaoKe funding rounds

FXiaoKe funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2024Undisclosed stageEastern Bell Capital (lead); Qiming Venture Partners; Xiamen C&D Emerging Industry Equity Investment$75M$1BFXiaoKe is a Chinese company listed as a unicorn with a $1 billion valuation and $388 million total funding raised, backed by Eastern Bell Capital among others. The company is headquartered in Beijing, China, founded in December 2011 by Luo Xu. Total raised stands at $388M across prior rounds. Eastern Bell Capital, established in 2010, focuses on ecosystem-based investments in China.
Jul 2023Series GGuizhou Innovation Empowerment Big Data Investment Fund (lead)$30M--
Jan 2018Strategic investmentKingdee (lead)$50M-FXiaoKe is a leading provider of cloud-based CRM services in China, recognized as a market leader with strong product innovation and execution capabilities. On 23 January 2018, Kingdee International Software Group made a strategic investment in FXiaoKe, becoming its largest single shareholder to strengthen its offerings in cloud-based CRM and support digitalization for enterprises. The investment aims to leverage Kingdee's leadership in management, brand, products, technologies, customers, and channels to drive FXiaoKe's growth in the CRM market. The broader Chinese cloud-based CRM market saw total revenue exceed RMB1 billion for the first time in 2017, with expectations of 41.7% year-on-year growth in 2018, according to the Mobile Informatization Research Centre. Kingdee selected FXiaoKe as a partner due to its industry-leading position and remains optimistic about the CRM market prospects. FXiaoKe's founder and CEO, Mr. Luo Xu, committed to delivering valuable cloud services to enterprises while maintaining market leadership. Post-investment, Kingdee continued expanding its cloud services ecosystem, with subsequent references to the FXiaoKe deal in later reports emphasizing support for its independent development and integration into broader strategies like PaaS platforms.
Jul 2016Series EBeijing Hualian (lead); LI Yue (lead)$70M$1B-
Jul 2015Series DNorthern Light Venture Capital (lead); IDG Capital; DCM Ventures$100M--
Dec 2014Series CDCM Ventures (lead); Northern Light Venture Capital; IDG Capital$50M-FXiaoKe, a Beijing-based mobile sales management tool and SaaS provider, raised US$50 million in its Series C funding round on December 26, 2014, led by DCM Ventures, with participation from IDG Capital and Northern Light Venture Capital. The company offers cloud-based services for mobile marketing management, helping Chinese companies connect with customers, employees, products, and distributors via a subscription-based model. This round followed a US$10 million Series B in July 2014, with sources noting a four-fold valuation increase since then. By mid-2015, FXiaoKe had attracted 100,000 companies to its mobile app and completed three financing rounds within a year, demonstrating rapid growth. Nearly half of its active users were paying customers, with over 22% being repeat buyers, outperforming domestic competitors. CEO Luo Xu expressed optimism about the SaaS market in China, predicting a $50 billion valuation company would emerge soon. Investors like DCM's Lin Xinhe highlighted the company's expansion exceeding expectations, fueling further investment. The company continued raising capital, securing $100 million in July 2015 and another large round in early 2016 led by CITIC Private Equity, with prior investors including IDG Capital and Hillhouse participating. By February 2016, over 300,000 enterprises used its apps, with 70% opting for premium paid services. FXiaoKe positioned itself against giants like Alibaba in the B2B mobile app space, adjusting business models to market changes while building a one-stop office platform for smartphones. Total funding reached approximately $283 million, with a later valuation of $930 million cited.
Jul 2014Series BNorthern Light Venture Capital (lead); IDG Capital; Microsoft Accelerator$10M-FXiaoKe, a Beijing-based mobile sales management and cloud-based service provider, raised $10 million in a Series B round on approximately July 13, 2014, led by Northern Light Venture Capital with participation from other investors including Huaruan Venture Capital and Boya Capital. This followed earlier funding and preceded a $50 million Series C round in December 2014. The company provides tools for sales management and cloud services targeting businesses in China.
Jul 2013Series AIDG Capital (lead)$3M-FXiaoKe is a Beijing-based SaaS company founded in 2011 that provides mobile sales management tools to solve sales problems in vertical industries. The company aims to become China's equivalent of Salesforce, offering cloud-based Software as a Service (SaaS) solutions for enterprise sales efficiency. In early 2013, FXiaoKe completed its Series A funding round, raising $3 million from IDG Capital Partners. By mid-2016, the company had grown to around 100 thousand online enterprise users and completed six funding rounds totaling nearly $230 million.

Who has invested in FXiaoKe?

11 investors have backed FXiaoKe across its funding rounds, including IDG Capital, Northern Light Venture Capital, DCM Ventures, Qiming Venture Partners, Eastern Bell Capital and Microsoft Accelerator.

Lead investors include Eastern Bell Capital, Guizhou Innovation Empowerment Big Data Investment Fund, Kingdee, Beijing Hualian, LI Yue and 3 other investors.


FXiaoKe Investors

Investors in FXiaoKe by funding rounds participated
InvestorHQRoundsRoleFirst check
IDG CapitalChinaBeijing4LeadJul 2013
Northern Light Venture CapitalChinaBeijing3LeadJul 2014
DCM VenturesUnited StatesSan Francisco, CA2LeadDec 2014
Beijing HualianChinaBeijing1LeadJul 2016
Microsoft AcceleratorUnited StatesSeattle, WA1ParticipantJul 2014
Qiming Venture PartnersChinaShanghai1ParticipantAug 2024
Guizhou Innovation Empowerment Big Data Investment FundChinaGuiyang1LeadJul 2023
KingdeeChinaChina1LeadJan 2018
Xiamen C&D Emerging Industry Equity InvestmentChinaXiamen1ParticipantAug 2024

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FXiaoKe Competitors

FXiaoKe competitors include listed companies like Salesforce and Rezolve AI, and private ones like Amperity, Infobip, LeadSquared and Yidian Zixun.

Public and private companies comparable to FXiaoKe
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SalesforceUnited StatesUnited StatesPublicly listed$42B$13B$200B5.2x
AmperityUnited StatesSeattle, WAPrivate$70M-$1B14.3x
InfobipCroatiaVodnjanPrivate--$1B-
LeadSquaredIndiaBangalorePrivate$26M-$1B38.5x
Yidian ZixunChinaChinaPrivate--$1B-
Rezolve AIUnited KingdomUnited KingdomPublicly listed$47M($109M)$950M4.0x

FXiaoKe Public Comps

FXiaoKe is still privately-owned, but its public comps include Appier Group, Rezolve AI, Deluxe, ZoomInfo, Asseco Business Solutions, Inspur, Sprinklr, Sprout Social, Hangzhou Anysoft and Digiwin.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Appier Group$281M$44M3.4x2.9x21.6x15.7x
Rezolve AI$47M($109M)23.3x4.0x(10.0x)(19.3x)
Deluxe$2.1B$379M1.2x1.2x6.7x5.6x
ZoomInfo$1.2B$326M2.0x2.1x7.8x5.1x
Asseco Business Solutions$126M$49M5.8x5.2x14.9x12.8x
Inspur$172M($31M)3.7x2.7x(20.3x)-
Sprinklr$857M$66M1.0x1.0x13.6x5.5x
Sprout Social$458M($31M)1.3x1.2x(18.6x)8.1x

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Common questions about FXiaoKe

When was FXiaoKe founded?FXiaoKe was founded in 2011.
Where is FXiaoKe headquartered?FXiaoKe is headquartered in Beijing, China.
Is FXiaoKe publicly listed?No, FXiaoKe is a private, VC-backed company.
What is FXiaoKe's valuation?FXiaoKe was last valued at $1B in its undisclosed-stage round in August 2024.
How much funding has FXiaoKe raised?FXiaoKe has raised $388M across 8 funding rounds.
What was FXiaoKe's last funding round?FXiaoKe's last funding round was a $75M undisclosed-stage round in August 2024, led by Eastern Bell Capital.
Who are FXiaoKe's investors?FXiaoKe's investors include IDG Capital, Northern Light Venture Capital, DCM Ventures, Beijing Hualian, Microsoft Accelerator, Qiming Venture Partners, Guizhou Innovation Empowerment Big Data Investment Fund, Kingdee, Xiamen C&D Emerging Industry Equity Investment, LI Yue and 1 other.
What is FXiaoKe's revenue?FXiaoKe's latest recorded revenue is $43M (August 2024).
What is FXiaoKe's revenue multiple?FXiaoKe's latest valuation implies a 23.3x revenue multiple ($1B valuation on $43M of revenue).
Which companies are comparable to FXiaoKe?Companies comparable to FXiaoKe include Salesforce, Amperity, Infobip, LeadSquared, Yidian Zixun and Rezolve AI.

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