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- Huami
Huami Revenue, Valuation, Funding & Investors
Huami is valued at $800M as of November 2014, a 19.5x multiple on its last reported $41M revenue.
Last Huami valuation
$800M
Series B · Nov 2014
Last Huami funding round
$35M
Series B · Nov 2014
Huami revenue
$41M
Series B · Nov 2014
Key investors in Huami
Shunwei Capital
HSG
Gaorong Capital
5Y Capital
Xiaomi
Banyan Capital Partners
About Huami
Huami is a Beijing-headquartered wearable technology company with offices in Mountain View, California. Founded in 2014, it manufactures activity trackers and smartwatches under the Amazfit brand, including models like Pace, Arc, Cor, Bip, Moonbeam, and Equator. As Xiaomi's exclusive wearable provider, Huami produces the Mi Band series. The firm leads global sales in wearables, surpassing competitors with shipments exceeding 50 million units.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$41M (Nov 2014)
Valuation
$800M (Nov 2014)
Huami Valuation
Huami is currently valued at $800M, based on its Series B in November 2014.
The $35M round was led by Banyan Capital Partners, with participation from Shunwei Capital and 5Y Capital.
Huami's valuation has grown 2.7x from $300M at its Series A in January 2014 to $800M in November 2014, across 2 priced rounds.
Huami valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2014 | Series B | $800M | 19.5x |
| Jan 2014 | Series A | $300M | - |
Huami Revenue
Huami's latest recorded revenue is $41M, as of its Series B in November 2014. At a $800M valuation, that implies a 19.5x revenue multiple.
Huami revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2014 | $41M | $800M | 19.5x | Series B |
* 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.
Huami Funding History
Huami has raised a total of $70M across 2 funding rounds.
Huami's first fundraising round was a $35M Series A in January 2014. The most recent completed round was a $35M Series B in November 2014.
Huami funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2014 | Series B | Banyan Capital Partners (lead); Shunwei Capital; 5Y Capital | $35M | $800M | Huami Corporation, founded in January 2014 and headquartered in Hefei, Anhui, China, is a wearable device manufacturer that serves as Xiaomi's exclusive partner for designing and producing fitness trackers, smartwatches, scales, and related accessories under the Xiaomi brand. The company launched the Xiaomi Mi Band in August 2014 and quickly scaled, selling over 20 million fitness-tracking wristbands by June 2016. In December 2014, Huami completed its Series B funding round, raising $35 million led by Banyan Capital Partners, with participation from Sequoia Capital, Morningside Ventures, 5Y Capital, and Shunwei Capital. Following the Series B, Huami's valuation reached $800 million as it prepared for a third financing round, according to CEO Huang Wang in a 2016 interview. The company reported total sales revenue of 1 billion yuan ($151.5 million) in 2015, with projections for 1.5 billion yuan in 2016, reflecting 50% growth driven by strong demand for Xiaomi-branded wearables. By 2017, Huami had shipped 11.6 million devices in the first nine months, capturing the global lead in wearable shipments, and amassed 49.6 million registered users. Huami's growth leveraged Xiaomi's ecosystem and low-cost strategy, positioning it as a top smart wearable maker. Financials improved post-2014, with net loss of RMB37.9 million in 2015 turning to net income of RMB23.9 million in 2016, and adjusted net income rising significantly. The firm later pursued IPO plans, filing for a $150 million US listing in 2018 under ticker HMI, while investors like Banyan Capital (later rebranded Gaorong Capital) saw successful exits including Huami. |
| Jan 2014 | Series A | Shunwei Capital (lead); Xiaomi (lead); Gaorong Capital; HSG | $35M | $300M | - |
Who has invested in Huami?
6 investors have backed Huami across its funding rounds, including Shunwei Capital, HSG, Gaorong Capital, 5Y Capital, Xiaomi and Banyan Capital Partners.
Lead investors include Banyan Capital Partners, Shunwei Capital and Xiaomi.
Huami Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jan 2014 | ||
| 1 | Lead | Jan 2014 | ||
| 1 | Participant | Jan 2014 | ||
| 1 | Participant | Nov 2014 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments by Huami
Huami has invested in 8 companies to date.
Latest investment by Huami was on February 10th 2021. Huami invested in Hyperfine in their $90M Series D round.
Latest Investments by Huami
| Description | Hyperfine Inc is a medical device company that created Swoop. The Swoop Portable MR Imaging System produces high-quality images at a lower magnetic field strength than conventional MRI scanners. The company derives its revenue from sale of sales of MRI devices and service sales which consist of sales from subscriptions of bundled devices, maintenance, and software. | Promaxo is a medical technology company developing MRI-compatible robotics and machine learning systems for in-office procedures. Protected by over 55 patents its products include guidance systems disposables and AI-based tissue characterization tools targeting interventional radiology. San Diego-based the firm commercializes customer-centric MRI enhancements for patient care. | Snowball is a technology platform delivering mobile ticketing and onboard solutions for public transit agencies. The service includes dedicated Public Transit Agency Operations Managers assigned to each client for on-site support. It functions as a comprehensive resource covering ticketing, operations, and agency management needs. Based in the United States, Snowball streamlines transit processes through integrated software accessible via snowballtech.com. | SiFive designs customizable RISC-V processor cores and IP for embedded systems, IoT devices, automotive, and datacenter applications. Its Freedom platform includes microcontrollers, high-performance CPUs, and vector extensions with associated EDA toolchains. Santa Clara-headquartered SiFive licenses cores to Samsung, Western Digital, and Andes Technology. Founded in 2015, the company shipped over a billion RISC-V cores by 2023, powering chips from Qualcomm and NVIDIA partners. | |
| HQ Country | |||||
| HQ City | - | San Francisco, CA | Shanghai | San Francisco, CA | |
| Deal Date | 10 Feb 2021 | 14 Jan 2021 | 24 Jul 2019 | 6 Jun 2019 | |
| Round | Series D | Strategic investment | Series A | Series D | |
| Raised | $90M | $4M | $7M | $65M | |
| Investors | Colle Capital Partners; GV; Nextrans; LSS Private Equity; Altium Capital; Affinity Asset Advisors; Tamar Capital; DRADS Capital; Axiom Associates; Mint Venture Partners | - | - | Qualcomm Ventures; Sutter Hill Ventures; Spark Capital; Chengwei Capital; OUP (Osage University Partners) | |
| Valuation | $265M | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Huami investments and their VC round multiples. Start Free Trial | |||||
Huami Competitors
Huami competitors include listed companies like HTC and Vuzix, and private ones like Lanmi, XGIMI, Perfumeo and Pimax VR.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $716M | - | ||
| Publicly listed | $91M | $22M | $1B | 6.9x | ||
| Private | $145M | - | $474M | 3.3x | ||
| Private | - | - | $450M | - | ||
| Private | - | - | $380M | - | ||
| Publicly listed | $6M | ($29M) | $232M | 33.9x |
Huami Public Comps
Huami is still privately-owned, but its public comps include Eureka Forbes, EIZO, Basler, Bear Electric Appliance, Shenzhen Rapoo Technology, Funai Soken Holdings, Yunding Technology, Guangzhou Pearl River, JS Global Lifestyle Co and Quest Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $281M | $29M | 2.7x | 2.5x | 25.7x | 20.5x | |||
| $523M | $90M | 1.4x | 1.3x | 8.0x | 16.2x | |||
| $255M | $40M | 3.0x | 2.5x | 19.2x | 13.0x | |||
| $780M | $102M | 0.6x | 0.6x | 4.6x | 5.0x | |||
| $68M | $1M | 12.2x | - | 569.6x | - | |||
| $214M | $63M | 2.9x | 2.7x | 10.0x | 10.5x | |||
| $228M | $22M | 3.6x | - | 37.9x | - | |||
| $85M | ($43M) | 10.0x | - | (19.8x) | - | |||
This data is available for Pro users. Sign up to see all Huami competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Huami
| When was Huami founded? | Huami was founded in 2014. |
| Where is Huami headquartered? | Huami is headquartered in Beijing, China. |
| Is Huami publicly listed? | No, Huami is a private, VC-backed company. |
| What is Huami's valuation? | Huami was last valued at $800M in its Series B in November 2014. |
| How much funding has Huami raised? | Huami has raised $70M across 2 funding rounds. |
| What was Huami's last funding round? | Huami's last funding round was a $35M Series B in November 2014, led by Banyan Capital Partners. |
| Who are Huami's investors? | Huami's investors include Shunwei Capital, Xiaomi, Gaorong Capital, 5Y Capital, Banyan Capital Partners and HSG. |
| What is Huami's revenue? | Huami's latest recorded revenue is $41M (November 2014). |
| What is Huami's revenue multiple? | Huami's latest valuation implies a 19.5x revenue multiple ($800M valuation on $41M of revenue). |
| Which companies are comparable to Huami? | Companies comparable to Huami include Lanmi, HTC, XGIMI, Perfumeo, Pimax VR and Vuzix. |
| How many companies has Huami invested in? | Huami has invested in 8 companies, including Hyperfine, Promaxo, Snowball, SiFive, GreenWaves Technologies, INSO, Intexh Mobile and FaceAll. |
| What was Huami's last investment? | In February 2021, Huami invested in Hyperfine's $90M Series D alongside Colle Capital Partners, GV, Nextrans and 7 other investors. |
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