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

ChinaShenzhen

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

Golden Technology funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2019Series BCDH Investments (lead); China Capital Zhongcai Fund Management (lead); Shenzhen Capital Group (lead); Tencent (lead); IDG Capital; Hillhouse Investment; Prometheus Capital; WANDA Group$141M-
Jan 2018Series AIDG Capital; Hillhouse Investment; Richland Equities; CDH Investments$9MHainan 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 2017Angel-$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

Investors in Golden Technology by funding rounds participated
InvestorHQRoundsRoleFirst check
IDG CapitalChinaBeijing2ParticipantJan 2018
Hillhouse InvestmentSingaporeSingapore2ParticipantJan 2018
CDH InvestmentsHong KongHong Kong2LeadJan 2018
TencentChinaShenzhen1LeadOct 2019
Richland EquitiesChinaChina1ParticipantJan 2018
Prometheus CapitalChinaBeijing1ParticipantOct 2019
China Capital Zhongcai Fund ManagementChinaTianjin1LeadOct 2019

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Investments 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

Ele-Cloud
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 CountryChina
HQ City
Beijing
Deal Date29 Jun 2018
RoundAngel
Raised$500K
Investors-
Valuationundisclosed
EV/Revenue
EV/EBITDA

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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.

Public and private companies comparable to Golden Technology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Manhattan AssociatesUnited StatesUnited StatesPublicly listed$1.1B$288M$12B10.6x
MeicaiChinaBeijingPrivate--$7B-
Descartes Systems GroupCanadaCanadaPublicly listed$729M$305M$6.8B8.1x
Ingram MicroUnited StatesUnited StatesPublicly listed$53B$1.1B$6.3B0.2x
RELEX SolutionsFinlandHelsinkiPrivate--$5.8B-
WorkatoUnited StatesSan Francisco, CAPrivate$30M-$5.7B190.0x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Manhattan Associates$1.1B$288M11.2x10.6x42.2x29.7x
Descartes Systems Group$729M$305M8.8x8.1x21.1x17.7x
Ingram Micro$53B$1.1B0.2x0.2x8.7x6.6x
HopeRun$594M$42M7.1x6.4x100.0x-
Wuchan Zhongda Group Co$89B$1.5B0.1x0.1x8.5x7.3x
Kinaxis$548M$102M5.9x5.3x31.7x20.3x
SPS Commerce$752M$182M3.6x3.5x15.0x10.6x
Xiamen Xiangyu Co$61B$523M0.1x0.1x13.8x10.4x

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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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