- Companies
- HongQing Technology
HongQing Technology Funding, Investors & Competitors
HongQing Technology has raised $246M across 3 funding rounds, most recently a $191M Series B in July 2026.
Last HongQing Technology funding round
$191M
Series B · Jul 2026
Cumulative funding HongQing Technology raised
$246M
across 3 funding rounds
Key investors in HongQing Technology
CITIC Securities
Guangzhou Yuexiu Industrial Investment Fund
Beijing E-town International Investment & Development
SDIC Unity Capital
Kunlun Capital
Bank Of China
ICBC Capital
Bofu Fund Management
About HongQing Technology
HongQing Technology is a Beijing-based satellite company building integrated rocket-and-satellite solutions for large-scale constellations. Founded in 2017 with rocket maker Landspace as its largest shareholder, it has filed its Honghu-3 constellation with the ITU for roughly 10,000 satellites across 160 orbital planes at an altitude of 1,160 kilometers. The company has raised more than 2.5 billion yuan in funding to date.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
HongQing Technology Funding History
HongQing Technology has raised a total of $246M across 3 funding rounds.
HongQing Technology's first fundraising round was a $41M Series A in January 2025. The most recent completed round was a $191M Series B in July 2026.
HongQing Technology funding rounds
| Date | Stage | Investors | Raised |
|---|---|---|---|
| Jul 2026 | Series B | China Construction Bank (lead); ICBC Capital (lead); China Industrial Securities; Beijing E-town International Investment & Development; Xiamen Jianyuan Jinchuang Rail Fund; Jiayin Investment; Zijin Guorui Industrial Finance Fund; Beijing Advanced Manufacturing fund; Bofu Fund Management; CITIC Securities; Chengdu Jiaozi Financial Holding; Bank Of China | $191M |
| Feb 2025 | Series A | - | $14M |
| Jan 2025 | Series A | Kunlun Capital; SDIC Unity Capital; Guangzhou Yuexiu Industrial Investment Fund; Yunzhi Fund | $41M |
Who has invested in HongQing Technology?
16 investors have backed HongQing Technology across its funding rounds, including CITIC Securities, Guangzhou Yuexiu Industrial Investment Fund, Beijing E-town International Investment & Development, SDIC Unity Capital, Kunlun Capital and Bank Of China.
Lead investors include China Construction Bank and ICBC Capital.
HongQing Technology Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Lead | Jul 2026 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Lead | Jul 2026 | ||
| 1 | Participant | Jul 2026 | ||
This data is available for Pro users. Sign up to see all 16 HongQing Technology 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 TrialHongQing Technology Competitors
HongQing Technology competitors include listed companies like SpaceX, EchoStar, AST SpaceMobile and China Satellite, and private ones like ICEYE and Yuanxin Satellite.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $19B | $3.9B | $2.0T | - | ||
| Publicly listed | $15B | ($16B) | $27B | 3.1x | ||
| Publicly listed | $71M | ($419M) | $19B | 148.3x | ||
| Publicly listed | $394M | $263M | $15B | - | ||
| Private | $289M | $115M | $12B | 40.3x | ||
| Private | - | - | $7.4B | - |
HongQing Technology Public Comps
HongQing Technology is still privately-owned, but its public comps include SpaceX, EchoStar, AST SpaceMobile, China Satellite, Globalstar, China Spacesat, Viasat, Planet Labs, Loar Group and Iridium.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19B | $3.9B | 106.0x | - | 503.3x | - | |||
| $15B | ($16B) | 3.0x | 3.1x | (2.8x) | 21.5x | |||
| $71M | ($419M) | 282.1x | 148.3x | (47.7x) | (72.4x) | |||
| $394M | $263M | 36.7x | - | 55.0x | - | |||
| $273M | $126M | 39.2x | 37.9x | 85.2x | 77.4x | |||
| $910M | $56M | 11.3x | 10.0x | 183.0x | 134.8x | |||
| $4.6B | $1.6B | 3.3x | 3.2x | 9.5x | 9.9x | |||
| $308M | ($211M) | 18.9x | 14.9x | (27.5x) | 508.1x | |||
This data is available for Pro users. Sign up to see all HongQing Technology competitors and their valuation data. Start Free Trial | ||||||||
Common questions about HongQing Technology
| When was HongQing Technology founded? | HongQing Technology was founded in 2017. |
| Where is HongQing Technology headquartered? | HongQing Technology is headquartered in China. |
| Is HongQing Technology publicly listed? | No, HongQing Technology is a private, VC-backed company. |
| How much funding has HongQing Technology raised? | HongQing Technology has raised $246M across 3 funding rounds. |
| What was HongQing Technology's last funding round? | HongQing Technology's last funding round was a $191M Series B in July 2026, led by China Construction Bank and ICBC Capital. |
| Who are HongQing Technology's investors? | HongQing Technology's investors include China Industrial Securities, Beijing E-town International Investment & Development, Kunlun Capital, SDIC Unity Capital, Guangzhou Yuexiu Industrial Investment Fund, Yunzhi Fund, Xiamen Jianyuan Jinchuang Rail Fund, Jiayin Investment, ICBC Capital, Zijin Guorui Industrial Finance Fund and 6 others. |
| Which companies are comparable to HongQing Technology? | Companies comparable to HongQing Technology include SpaceX, EchoStar, AST SpaceMobile, China Satellite, ICEYE and Yuanxin Satellite. |
See companies similar to HongQing Technology
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