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- Haoqipei
Haoqipei Funding, Investors & Competitors
Haoqipei has raised $160M across 5 funding rounds, most recently a $60M Series D in June 2019.
Last Haoqipei funding round
$60M
Series D · Jun 2019
Cumulative funding Haoqipei raised
$160M
across 5 funding rounds
Key investors in Haoqipei
SIG China (SIG Asia Investments)
XVC
DCM Ventures
Redpoint Ventures China
Yuri Milner
Jeneration Capital
Shunwei Capital
Access Industries
Haoqipei Overview
About Haoqipei
Haoqipei is a Shanghai-headquartered B2B platform established in 2016 that connects auto repair shops with auto parts suppliers throughout China. It resolves trading complexities and information imbalances in the automotive aftermarket by streamlining procurement and supplier matching.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission, Subscription
Haoqipei Funding History
Haoqipei has raised a total of $160M across 5 funding rounds.
Haoqipei's first fundraising round was a $10M Series A in August 2017. The most recent completed round was a $60M Series D in June 2019.
Haoqipei funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2019 | Series D | Access Technology Ventures (lead); XVC; Jeneration Capital; SIG China (SIG Asia Investments); DCM Ventures | $60M | Haoqipei, founded in 2016, is a Shanghai-based online B2B auto parts trading platform connecting vehicle repair shops with suppliers through a technology-driven SaaS system offering market price comparisons, online payments, and offline warehousing and logistics services. The company closed a US$60 million Series D funding round on June 19, 2019, led by Access Technology Ventures, which added David Yang to its board. Existing investors XVC Venture Capital, Jeneration Capital, DCM, and SIG also participated. This round brought Haoqipei's total private capital raised to over US$150 million. Access Technology Ventures, the venture arm of Access Industries, has backed Haoqipei since 2018, viewing it as a leader in digitizing China's offline auto parts distribution market. |
| Jan 2019 | Series C | DCM Ventures (lead); Jeneration Capital (lead); XVC; Access Industries; SIG China (SIG Asia Investments); Yuri Milner | $60M | Haoqipei is a Shanghai-based B2B online platform founded in 2016 by Alex Chen, connecting vehicle repair shops with auto parts suppliers through a technology-driven trading system offering market price comparisons, online payments via SaaS, and offline warehousing and logistics services. The company operates in over 100 cities across provinces like Guangdong, Zhejiang, and Hunan, targeting China's growing $180 billion automotive aftermarket amid nearly 250 million cars on the road. In June 2019, Haoqipei raised $60 million in a Series D funding round led by Access Technology Ventures, with participation from existing investors including XVC Venture Capital, Jeneration Capital, DCM, and SIG. This brought total funding to over $150 million across multiple rounds, enabling further acceleration of growth and expansion in the auto parts marketplace. Sources also note total equity funding of $130 million across five rounds, with the latest being this Series D. The platform aims to transform auto parts purchasing by reducing costs, improving quality, increasing speed, and enhancing transparency for buyers and sellers. Investors highlighted Haoqipei's potential to leapfrog traditional offline distribution with an online model in a massive market at an inflection point. Earlier rounds included a Series C in January 2019 led by DCM Ventures and Jeneration Capital, and a Series B in October 2018 with DCM and SIG China. |
| Oct 2018 | Series B | DCM Ventures (lead); Yuri Milner (lead); XVC; SIG China (SIG Asia Investments); Redpoint Ventures China | $20M | Haoqipei is a Chinese business-to-business online trading platform founded in 2016 that connects vehicle repair shops with automotive components suppliers. The platform provides a SaaS system enabling market price comparisons and online payments, supplemented by offline warehousing and logistics services to streamline the automotive aftermarket supply chain. In October 2018, Haoqipei closed a Series B funding round of USD 20 million led by DCM Ventures and Yuri Milner, with participation from SIG, Red Point Ventures, and XVC. At the time of this round, the company operated across more than 60 Chinese cities and was expanding its market presence and infrastructure. The company subsequently raised USD 60 million in Series C funding in early 2019 and another USD 60 million in Series D funding in June 2019, demonstrating strong investor confidence and rapid growth trajectory during this period. |
| Feb 2018 | Series A | SIG China (SIG Asia Investments) (lead) | $10M | - |
| Aug 2017 | Series A | XVC (lead); Shunwei Capital; Redpoint Ventures China | $10M | Haoqipei is a China-based B2B online platform connecting automotive repair shops with auto parts suppliers, offering SaaS tools for price comparisons and payments, plus offline warehousing and logistics. Founded in 2016 and headquartered in Shanghai, it operates in over 100 cities across provinces like Guangdong, Zhejiang, and Hunan. Subsequent rounds include a Series B in October 2018 of $20 million co-led by DCM Ventures and Yuri Milner with SIG, Redpoint Ventures, and XVC, and earlier Shunwei Capital participation. Haoqipei raised over $150 million total by 2019, with later rounds like $60 million Series D in June 2019 led by Access Technology Ventures including SIG, XVC, Jeneration Capital, and DCM. |
Who has invested in Haoqipei?
9 investors have backed Haoqipei across its funding rounds, including SIG China (SIG Asia Investments), XVC, DCM Ventures, Redpoint Ventures China, Yuri Milner and Jeneration Capital.
Lead investors include Access Technology Ventures, DCM Ventures, Jeneration Capital, Yuri Milner, SIG China (SIG Asia Investments) and 1 other investor.
Haoqipei Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Aug 2017 | ||
| 4 | Lead | Feb 2018 | ||
| 3 | Lead | Oct 2018 | ||
| 2 | Lead | Jan 2019 | ||
| 2 | Participant | Aug 2017 | ||
| 2 | Lead | Oct 2018 | ||
| 1 | Lead | Jun 2019 | ||
This data is available for Pro users. Sign up to see all 9 Haoqipei 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 TrialHaoqipei Competitors
Haoqipei competitors include listed companies like Constellation Software and Dassault Systemes, and private ones like Zetwerk, Jusda, Tradeshift and XINGYUN GROUP.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $102M | $20M | $3.1B | - | ||
| Private | - | - | $2.5B | - | ||
| Private | $100M | - | $2B | - | ||
| Private | - | - | $2B | - | ||
| Publicly listed | $12B | $2.5B | $43B | 3.5x | ||
| Publicly listed | $7.2B | $2.2B | $32B | 4.0x |
Haoqipei Public Comps
Haoqipei is still privately-owned, but its public comps include Recruit Holdings, Uber, Booking Holdings, Airbnb, Prosus, DoorDash, Carvana, Meituan, Autodesk and Constellation Software.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $24B | $4B | 6.4x | 6.0x | 37.9x | 25.2x | |||
| $52B | $6.2B | 3.0x | 2.8x | 24.9x | 14.6x | |||
| $27B | $8.3B | 4.9x | 4.6x | 15.9x | 12.4x | |||
| $12B | $2.4B | 7.2x | 6.5x | 36.3x | 18.2x | |||
| $9.7B | $1.1B | 9.1x | 8.0x | 83.8x | 123.7x | |||
| $14B | $1.5B | 6.0x | 4.9x | 55.8x | 23.7x | |||
| $20B | ($110M) | 3.7x | 2.9x | (691.4x) | 27.7x | |||
| $54B | ($2.2B) | 0.9x | 0.8x | (21.4x) | 162.4x | |||
This data is available for Pro users. Sign up to see all Haoqipei competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Haoqipei
| When was Haoqipei founded? | Haoqipei was founded in 2016. |
| Where is Haoqipei headquartered? | Haoqipei is headquartered in Shanghai, China. |
| Is Haoqipei publicly listed? | No, Haoqipei is a private, VC-backed company. |
| How much funding has Haoqipei raised? | Haoqipei has raised $160M across 5 funding rounds. |
| What was Haoqipei's last funding round? | Haoqipei's last funding round was a $60M Series D in June 2019, led by Access Technology Ventures. |
| Who are Haoqipei's investors? | Haoqipei's investors include XVC, SIG China (SIG Asia Investments), DCM Ventures, Jeneration Capital, Redpoint Ventures China, Yuri Milner, Access Technology Ventures, Shunwei Capital and Access Industries. |
| Which companies are comparable to Haoqipei? | Companies comparable to Haoqipei include Zetwerk, Jusda, Tradeshift, XINGYUN GROUP, Constellation Software and Dassault Systemes. |
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