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- Golden Technology
Golden Technology Funding, Investors & Competitors
Golden Technology has raised $152M across 3 funding rounds, most recently a $141M Series B in October 2019.
Last Golden Technology funding round
$141M
Series B · Oct 2019
Cumulative funding Golden Technology raised
$152M
across 3 funding rounds
Key investors in Golden Technology
IDG Capital
Hillhouse Investment
CDH Investments
Tencent
Shenzhen Capital Group
WANDA Group
Prometheus Capital
Richland Equities
Golden Technology Overview
About Golden Technology
Golden Technology is a Shanghai-based big data firm providing electronic invoice solutions on blockchain for enterprises in China. Its platform handles issuance, verification, and storage compliant with national tax standards, serving over 1,000 clients in finance and retail sectors since 2018.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Golden Technology Funding History
Golden Technology has raised a total of $152M across 3 funding rounds.
Golden Technology's first fundraising round was a $2M angel round in January 2017. The most recent completed round was a $141M Series B in October 2019.
Golden Technology funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2019 | Series B | CDH Investments (lead); China Capital Zhongcai Fund Management (lead); Shenzhen Capital Group (lead); Tencent (lead); IDG Capital; Hillhouse Investment; Prometheus Capital; WANDA Group | $141M | - |
| Jan 2018 | Series A | IDG Capital; Hillhouse Investment; Richland Equities; CDH Investments | $9M | Hainan Golden Technology provides electronic invoicing services in China, using big data technology to issue, receive, manage, and verify invoices based on transaction paperwork, payment vouchers, invoice documents, and identification cards. The company has built a dedicated software platform called WeTax. Tencent co-led a RMB1bn ($141m) series B round, with co-leads Shenzhen Capital Group, CDH Investment, and China Investment and China Finance Fund, alongside Wanda Group, Hillhouse Capital, IDG Capital, and Prometheus Capital. |
| Jan 2017 | Angel | - | $2M | - |
Who has invested in Golden Technology?
9 investors have backed Golden Technology across its funding rounds, including IDG Capital, Hillhouse Investment, CDH Investments, Tencent, Shenzhen Capital Group and WANDA Group.
Lead investors include CDH Investments, China Capital Zhongcai Fund Management, Shenzhen Capital Group and Tencent.
Golden Technology Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jan 2018 | ||
| 2 | Participant | Jan 2018 | ||
| 2 | Lead | Jan 2018 | ||
| 1 | Lead | Oct 2019 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Lead | Oct 2019 | ||
This data is available for Pro users. Sign up to see all 9 Golden Technology investors. Start Free Trial | ||||
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Start Free TrialInvestments by Golden Technology
Golden Technology has invested in 1 company to date.
Latest investment by Golden Technology was on June 29th 2018. Golden Technology invested in Ele-Cloud in their $500K Angel round.
Latest Investments by Golden Technology
| Description | Ele-Cloud, known as Elephant Huiyun, is a Beijing-based provider of invoice lifecycle and tax management services for Chinese enterprises. The platform handles electronic and paper invoice issuance, reimbursement processing, and tax declaration through integration with national tax bureaus. Serving over 10,000 SMEs, it manages billions in annual invoice volumes with AI-driven risk controls. |
| HQ Country | |
| HQ City | Beijing |
| Deal Date | 29 Jun 2018 |
| Round | Angel |
| Raised | $500K |
| Investors | - |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Golden Technology investments and their VC round multiples. Start Free Trial | |
Golden Technology Competitors
Golden Technology competitors include listed companies like Manhattan Associates, Descartes Systems Group and Ingram Micro, and private ones like Meicai, RELEX Solutions and Workato.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.1B | $288M | $12B | 10.6x | ||
| Private | - | - | $7B | - | ||
| Publicly listed | $729M | $305M | $6.8B | 8.1x | ||
| Publicly listed | $53B | $1.1B | $6.3B | 0.2x | ||
| Private | - | - | $5.8B | - | ||
| Private | $30M | - | $5.7B | 190.0x |
Golden Technology Public Comps
Golden Technology is still privately-owned, but its public comps include Manhattan Associates, Descartes Systems Group, Ingram Micro, HopeRun, Wuchan Zhongda Group Co, Kinaxis, SPS Commerce, Xiamen Xiangyu Co, GigaCloud Technology and Infomart.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.1B | $288M | 11.2x | 10.6x | 42.2x | 29.7x | |||
| $729M | $305M | 8.8x | 8.1x | 21.1x | 17.7x | |||
| $53B | $1.1B | 0.2x | 0.2x | 8.7x | 6.6x | |||
| $594M | $42M | 7.1x | 6.4x | 100.0x | - | |||
| $89B | $1.5B | 0.1x | 0.1x | 8.5x | 7.3x | |||
| $548M | $102M | 5.9x | 5.3x | 31.7x | 20.3x | |||
| $752M | $182M | 3.6x | 3.5x | 15.0x | 10.6x | |||
| $61B | $523M | 0.1x | 0.1x | 13.8x | 10.4x | |||
This data is available for Pro users. Sign up to see all Golden Technology competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Golden Technology
| When was Golden Technology founded? | Golden Technology was founded in 2017. |
| Where is Golden Technology headquartered? | Golden Technology is headquartered in Shenzhen, China. |
| Is Golden Technology publicly listed? | No, Golden Technology is a private, VC-backed company. |
| How much funding has Golden Technology raised? | Golden Technology has raised $152M across 3 funding rounds. |
| What was Golden Technology's last funding round? | Golden Technology's last funding round was a $141M Series B in October 2019, led by CDH Investments, China Capital Zhongcai Fund Management, Shenzhen Capital Group and Tencent. |
| Who are Golden Technology's investors? | Golden Technology's investors include IDG Capital, Hillhouse Investment, CDH Investments, Tencent, Richland Equities, Prometheus Capital, China Capital Zhongcai Fund Management, Shenzhen Capital Group and WANDA Group. |
| Which companies are comparable to Golden Technology? | Companies comparable to Golden Technology include Manhattan Associates, Meicai, Descartes Systems Group, Ingram Micro, RELEX Solutions and Workato. |
| How many companies has Golden Technology invested in? | Golden Technology has invested in 1 company, including Ele-Cloud. |
| What was Golden Technology's last investment? | In June 2018, Golden Technology invested in Ele-Cloud's $500K angel round. |
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