Hyperchain Technologies Valuation, Funding & Investors

Hyperchain Technologies is valued at $978M as of April 2021.

Last Hyperchain Technologies valuation

$978M

Series C · Apr 2021

Last Hyperchain Technologies funding round

$15M

Series C · Apr 2021

Cumulative funding Hyperchain Technologies raised

$247M

across 2 funding rounds

Key investors in Hyperchain Technologies

  • Quzhou Xin'an Development
  • China SDIC Gaoxin

Hyperchain Technologies Overview

About Hyperchain Technologies

Hyperchain Technologies is a Beijing-headquartered blockchain platform provider founded in 2016, delivering Hyperchain for enterprise applications in finance and supply chain. Certified by China Electronics Standardization Institute and CAICT, its fabric supports 10,000 transactions per second with 28 patents filed. The team of 200, predominantly technicians with advanced degrees, serves clients like China Merchants Bank and Haier. Hyperchain enables consortium blockchains for asset tokenization and cross-border payments.


Founded

2016

HQ

ChinaHangzhou

Status

Privately held

Customer focus

B2B

Revenue model

Licensing, Subscription

Valuation

$978M (Apr 2021)

Hyperchain Technologies Valuation

Hyperchain Technologies is currently valued at $978M, based on its Series C in April 2021.

Hyperchain Technologies' valuation has grown 2.1x from $464M at its Series B in June 2018 to $978M in April 2021, across 2 priced rounds.

Hyperchain Technologies valuation by funding round

Hyperchain Technologies valuation by funding round
DateStageValuation
Apr 2021Series C$978M
Jun 2018Series B$464M

Hyperchain Technologies Funding History

Hyperchain Technologies has raised a total of $247M across 2 funding rounds.

Hyperchain Technologies' first fundraising round was a $232M Series B in June 2018. The most recent completed round was a $15M Series C in April 2021.

Hyperchain Technologies funding rounds

Hyperchain Technologies funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2021Series C-$15M$978MHyperchain Technologies, headquartered in Hangzhou, China, develops blockchain technology and solutions, including the Hyperchain Blockchain Platform. The company has grounded over 200 applications serving more than 300 core enterprises, supporting a business scale of trillion yuan and hundreds of millions of people across China. Customers include China Xiongan Group, CZBank, People's Government of Chongqing, Yuzhong District, Hangzhou Court of the Internet, and STATE GRID. Hyperchain raised a total of $249M across 6 funding rounds from 14 investors, including Yinhong Equity Investment Fund, E Fund, Ideal International, Lanshi Investment, and SDIC Gaoxin Industrial Investment. A prior valuation of $216.08M was reported in November 2018. The company has made 7 investments and competes with entities like Blockchain-based Service Network. Hyperchain demonstrates practical achievements in energy and carbon assets, with projects driven by the city chain model exceeding 70% of total business by 2021.
Jun 2018Series BChina SDIC Gaoxin (lead); Quzhou Xin'an Development (lead)$232M$464MHyperchain Technologies, also known as Qulian Technology or Hyperchain Technology Co., Ltd., is a Hangzhou-based enterprise blockchain platform developer founded in 2016. The company provides solutions for sectors including finance, supply chain, data trading, security assets, healthcare, energy, trade, logistics, and government. Its platform has ranked highly in technical evaluations by financial institutions and passed standards tests by China’s Ministry of Industry and Information Technology. Clients include China UnionPay, China Everbright Bank, and Industrial Bank of China. In its Series B funding round around June 2018, Hyperchain raised approximately 1.5 billion Chinese yuan ($234 million), one of the largest traditional VC rounds in blockchain at the time, second only to Robinhood's $363 million. Lead investors included China SDIC Gaoxin Industrial Investment Corporation and Xinhu Zhongbao (a Shanghai-listed real estate and finance firm), with Xinhu investing $191.8 million for 49% stake. Quzhou Xin'an Development participated alongside others. This followed a pre-A round from Sunyard System Engineering, Insigma Technology, Lianlian Pay, and a Series A from a Fosun Group subsidiary. Earlier in April 2018, Xinhu valued the company at $78 million; the Series B valuation jumped to $234 million, a threefold increase that drew regulatory scrutiny from the Shanghai Stock Exchange. For 2017, the year prior to the round, Hyperchain reported revenue of approximately $281,000-$287,000 with a net loss of $2.34-$2.37 million, per disclosures by Xinhu Zhongbao. The funding was intended to strengthen its blockchain industry position, build ecosystems, serve the real economy, and address SME financing challenges.

Who has invested in Hyperchain Technologies?

2 investors have backed Hyperchain Technologies across its funding rounds, including Quzhou Xin'an Development and China SDIC Gaoxin.

Lead investors include China SDIC Gaoxin and Quzhou Xin'an Development.


Hyperchain Technologies Investors

Investors in Hyperchain Technologies by funding rounds participated
InvestorHQRoundsRoleFirst check

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Hyperchain Technologies Competitors

Hyperchain Technologies competitors include listed companies like TRS Information Technology and Transwarp, and private ones like Polyhedra Network, Unmarshal, Taiko Labs and Zama.

Public and private companies comparable to Hyperchain Technologies
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Polyhedra NetworkSingaporeSingaporePrivate--$1B-
UnmarshalIndiaBangalorePrivate--$600M-
Taiko LabsHong KongHong KongPrivate--$1B-
ZamaSwitzerlandZugPrivate--$1B-
TRS Information TechnologyChinaChinaPublicly listed$76M($20M)$1.7B19.7x
TranswarpChinaChinaPublicly listed$67M($31M)$1.9B28.0x

Hyperchain Technologies Public Comps

Hyperchain Technologies is still privately-owned, but its public comps include HashKey Holdings, e-Hualu, BitGo Holdings, OSL Group, Indokripto Koin Semesta, Rhino Bitcoin, Securitize, Stewards, BTQ Technologies and Zhongfu Information.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
HashKey Holdings$92M($109M)6.4x-(5.4x)-
e-Hualu$69M($310M)24.1x-(5.4x)-
BitGo Holdings$16B($9M)0.1x5.5x(125.1x)125.4x
OSL Group$62M($48M)16.6x11.3x(21.7x)(23.2x)
Indokripto Koin Semesta$16M$7M36.9x-81.1x-
Rhino Bitcoin$478K($417K)1242.8x-(1423.4x)-
Securitize$62M($34M)25.5x22.2x(46.0x)(37910.8x)
Stewards------

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Common questions about Hyperchain Technologies

When was Hyperchain Technologies founded?Hyperchain Technologies was founded in 2016.
Where is Hyperchain Technologies headquartered?Hyperchain Technologies is headquartered in Hangzhou, China.
Is Hyperchain Technologies publicly listed?No, Hyperchain Technologies is a private, VC-backed company.
What is Hyperchain Technologies' valuation?Hyperchain Technologies was last valued at $978M in its Series C in April 2021.
How much funding has Hyperchain Technologies raised?Hyperchain Technologies has raised $247M across 2 funding rounds.
What was Hyperchain Technologies' last funding round?Hyperchain Technologies' last funding round was a $15M Series C in April 2021.
Who are Hyperchain Technologies' investors?Hyperchain Technologies' investors include Quzhou Xin'an Development and China SDIC Gaoxin.
Which companies are comparable to Hyperchain Technologies?Companies comparable to Hyperchain Technologies include Polyhedra Network, Unmarshal, Taiko Labs, Zama, TRS Information Technology and Transwarp.

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