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Huisuanzhang Valuation, Funding & Investors

Huisuanzhang is valued at $16M as of October 2015.

See full Huisuanzhang profile

Last Huisuanzhang valuation

$16M

Seed · Oct 2015

Last Huisuanzhang funding round

$80M

Series D · May 2021

Cumulative funding Huisuanzhang raised

$314M

across 7 funding rounds

Key investors in Huisuanzhang

  • IDG Capital
  • Xiaomi
  • Gaocheng Capital
  • Chuanrong Capital
  • CE Innovation Capital
  • THG Ventures

Huisuanzhang Overview

About Huisuanzhang

Huisuanzhang is a Beijing-headquartered financial platform offering integrated tax and accounting services to small and medium enterprises across China. Founded in 2015, the company handles business registration, tax audits, filings, and trademark applications through branches in Shanghai, Guangzhou, Shenzhen, Chongqing, Tianjin, and Hangzhou. Huisuanzhang covers more than 200 cities with a network of regional agencies, utilizing cloud technology for standardized compliance support.

Founded

2015

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$16M (Oct 2015)

Sectors

Tax & Accounting

Huisuanzhang Valuation

Huisuanzhang is currently valued at $16M, based on its seed round in October 2015.

The $4M round was led by IDG Capital.

Huisuanzhang valuation by funding round

Huisuanzhang valuation by funding round
DateStageValuation
Oct 2015Seed$16M

Huisuanzhang Funding History

Huisuanzhang has raised a total of $314M across 7 funding rounds.

Huisuanzhang's first fundraising round was a $4M seed round in October 2015. The most recent completed round was a $80M Series D in May 2021.

Huisuanzhang funding rounds

Huisuanzhang funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2021Series D-$80M-Huisuanzhang is a China-based developer of financing, tax management, and online accounting software tailored for small, medium, and micro-sized enterprises (MSMEs), accounting firms, and intermediaries, offering tools for business registration, taxes, bookkeeping, and license management across web, Windows, and mobile platforms. Founded in 2014 or 2015 as an affiliate of Beijing Kungeek Technology, it has served up to 850,000 customers across over 20 industries including catering, entertainment, construction, manufacturing, retail, and cultural services, with 230,000 paid corporate customers reported around late 2021. According to Frost & Sullivan, it holds the largest dataset in the industry with 262 million multidimensional model parameters from 242.2 million tickets and was China's largest SME tax solution provider by total revenue from 2020 to 2022, with nearly four times the market share of the second largest player in 2022. Huisuanzhang's Series D round where it raised $80 million (approximately CNY 520 million at contemporary rates) from undisclosed investors, following a $60 million Series C+ round led by Sunshine Insurance in May 2020 with Xiaomi and Gaocheng Capital, and earlier rounds including a B round of $62.6 million with IDG Capital, 51Xinyongka Industrial Fund, THG Ventures, and CreditEase, plus Series A of $22 million. A separate B1 round of nearly CNY 200 million was announced on October 24, 2021, led by investors including Sichuan Development Financing Guarantee, THG Ventures, and IDG Capital Partners, with a B2 round underway at similar scale; proceeds were earmarked for market expansion in China, enhancing services for MSMEs, exploring enterprise data value, and product development including multi-platform interfaces. The company planned an IPO on the Hong Kong Stock Exchange main board as of June 30, 2023, sponsored by CITIC Securities, intending to use proceeds for business expansion, market penetration, strategic partnerships, tax solution optimization, technological enhancements, investments, acquisitions, and working capital. Investors include Xiaomi, Gaocheng Capital, Sunshine Insurance Group, IDG Capital, THG Ventures, and others like Swift Hover and Baidu AI Accelerator. Market context highlights massive opportunities in tax and accounting cloud services for SMEs, as noted by IDG Capital partner Niu Kuiguang.
May 2020Series CSunshine Insurance Group (lead); Xiaomi; Gaocheng Capital$60M--
Sep 2018Series CGaocheng Capital (lead); Xiaomi$87M-Huisuanzhang is a China-based accounting software developer founded in 2014, offering a software-as-a-service platform for bookkeeping, tax auditing, accounting, business registration, and related services targeted at small to medium-sized enterprises. The company closed a Series C round in September 2018 led by Gaocheng Capital with participation from Xiaomi. This followed a $62.6 million Series B in January 2018 backed by Xiaomi, CreditEase, IDG Capital, 51Xinyongka Industrial Fund, and THG Ventures, and preceded a $60 million Series C+ in May 2020 led by Sunshine Insurance with Gaocheng Capital and Xiaomi, then an $80 million Series D in 2021. Earlier, it raised $22 million in Series A in January 2017 and government funding in March 2017. By May 2020, Huisuanzhang reported 400,000 to 500,000 paying clients across more than 20 industries, with a 100% net dollar retention rate and an average ticket price of CNY 4,000, alongside expansions like 500 franchise stores in 400 cities and automation enhancements including RPA and smart customer service boosting capacity to 200,000 clients per store monthly at 65% gross margin per store in 2019. The platform competes in China's bookkeeping market against players like Yunzhangfang, positioning as the 'Chinese Intuit' for SMB financial and taxation services. Funds from later rounds supported platform development, commercialization, R&D, product expansion, and service improvements, reflecting growth in user base from hundreds of thousands to targeting 7 million SMBs in China.
Jan 2018Series BXiaomi (lead); 51 Credit Card Manager$31M--
Oct 2017Series BIDG Capital (lead); Tendence Capital (lead); THG Ventures; Chuanrong Capital; CE Innovation Capital$30M-Huisuanzhang is a China-based financial planning technology developer founded in 2014, operating a cloud platform and mobile apps that provide bookkeeping, invoicing, and tax planning tools for small and medium-sized enterprises. In a funding round reported in early 2017, the company raised RMB150m ($22m) from investors including IDG Capital, China Soft Capital, Jiaxing Lingchuang Fund, and Chuanrong Capital. The proceeds were intended for product development, boosting profit margins for partners, and establishing an accounting firm network to expand to 300,000 clients across 150 cities. Founder Zhang Shugang emphasized providing standardized enterprise financial and tax services while exploring derivative offerings.
Dec 2016Series AChina Soft Capital (lead); IDG Capital (lead); Chuanrong Capital; Jiaxing Lingchuang Fund$22M--
Oct 2015SeedIDG Capital (lead)$4M$16M-

Who has invested in Huisuanzhang?

11 investors have backed Huisuanzhang across its funding rounds, including IDG Capital, Xiaomi, Gaocheng Capital, Chuanrong Capital, CE Innovation Capital and THG Ventures.

Lead investors include Sunshine Insurance Group, Gaocheng Capital, Xiaomi, IDG Capital, Tendence Capital and 1 other investor.

Huisuanzhang Investors

Investors in Huisuanzhang by funding rounds participated
InvestorHQRoundsRoleFirst check
XiaomiChinaBeijing3LeadJan 2018
IDG CapitalChinaBeijing3LeadOct 2015
Chuanrong CapitalChinaSichuan2ParticipantDec 2016
Gaocheng CapitalChinaBeijing2LeadSep 2018
Sunshine Insurance GroupChinaBeijing1LeadMay 2020
51 Credit Card ManagerChinaChina1ParticipantJan 2018
THG VenturesChinaChina1ParticipantOct 2017
Tendence CapitalChinaBeijing1LeadOct 2017
Jiaxing Lingchuang FundChinaJiaxing1ParticipantDec 2016

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Huisuanzhang Competitors

Huisuanzhang competitors include listed companies like Trex SA and Allcore, and private ones like Fintuity, Pie, ATP Partners and SmartWiz.

Public and private companies comparable to Huisuanzhang
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
FintuityUnited KingdomUnited KingdomPrivate--$16M-
PieIrelandDublinPrivate--$15M-
ATP PartnersUnited StatesUnited StatesPrivate--$15M-
SmartWizUnited StatesUnited StatesPrivate--$15M-
Trex SAPolandPolandPublicly listed$13M$884K$19M-
AllcoreItalyItalyPublicly listed$52M$3M$24M0.5x

Huisuanzhang Public Comps

Huisuanzhang is still privately-owned, but its public comps include Trex SA, Allcore, Mentzen, Euro-Tax, Abak, DANKS, Kancelaria Medius, Tax-Net, Prime Financial Group and WT Financial Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Trex SA$13M$884K1.4x-20.7x-
Allcore$52M$3M0.5x0.5x11.1x12.0x
Mentzen$5M$806K1.4x-8.2x-
Euro-Tax$9M$1M----
Abak$4M$426K0.8x-7.7x-
DANKS$1M$131K1.0x-8.5x-
Kancelaria Medius$4M($362K)0.1x-(1.4x)-
Tax-Net$4M$80K0.2x-8.1x-

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Common questions about Huisuanzhang

When was Huisuanzhang founded?Huisuanzhang was founded in 2015.
Where is Huisuanzhang headquartered?Huisuanzhang is headquartered in Beijing, China.
Is Huisuanzhang publicly listed?No, Huisuanzhang is a private, VC-backed company.
What is Huisuanzhang's valuation?Huisuanzhang was last valued at $16M in its seed round in October 2015.
How much funding has Huisuanzhang raised?Huisuanzhang has raised $314M across 7 funding rounds.
What was Huisuanzhang's last funding round?Huisuanzhang's last funding round was a $80M Series D in May 2021.
Who are Huisuanzhang's investors?Huisuanzhang's investors include Xiaomi, IDG Capital, Chuanrong Capital, Gaocheng Capital, Sunshine Insurance Group, 51 Credit Card Manager, THG Ventures, Tendence Capital, Jiaxing Lingchuang Fund, CE Innovation Capital and 1 other.
Which companies are comparable to Huisuanzhang?Companies comparable to Huisuanzhang include Fintuity, Pie, ATP Partners, SmartWiz, Trex SA and Allcore.

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