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- iPlas
iPlas Funding, Investors & Competitors
iPlas has raised $119M across 3 funding rounds, most recently a $20M Series C in November 2018.
Last iPlas funding round
$20M
Series C · Nov 2018
Cumulative funding iPlas raised
$119M
across 3 funding rounds
Key investors in iPlas
Co-Stone Venture Capital
Hanfor (Beijing) Capital Management
Topping Capital
IRPC
About iPlas
iPlas is a Shanghai-headquartered B2B e-commerce platform for engineering plastics, rubber, and chemicals in China. Launched in 2014 as part of iSuWang Network, it connects over 100,000 registered buyers with 10,000 suppliers for commodities like ABS, PVC, and polyethylene resins. The self-operated marketplace processes transactions exceeding RMB 10 billion annually, expanding into specialty polymers with margins above 15 percent. iPlas operates warehouses in major industrial hubs and offers logistics integration for just-in-time delivery to manufacturers in electronics and automotive sectors.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission
iPlas Funding History
iPlas has raised a total of $119M across 3 funding rounds.
iPlas' first fundraising round was a $47M Series B in August 2015. The most recent completed round was a $20M Series C in November 2018.
iPlas funding rounds
| Date | Stage | Investors | Raised |
|---|---|---|---|
| Nov 2018 | Series C | IRPC (lead) | $20M |
| Nov 2016 | Series B | Hanfor (Beijing) Capital Management; Co-Stone Venture Capital; Topping Capital | $51M |
| Aug 2015 | Series B | - | $47M |
Who has invested in iPlas?
4 investors have backed iPlas across its funding rounds, including Co-Stone Venture Capital, Hanfor (Beijing) Capital Management, Topping Capital and IRPC.
Lead investors include IRPC.
iPlas Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Nov 2018 | ||
| 1 | Participant | Nov 2016 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialiPlas Competitors
iPlas competitors include listed companies like Alibaba Group and Linde, and private ones like GrubMarket, CADDi, Jumbotail and Bizongo.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $3.5B | - | ||
| Private | - | - | $1.1B | - | ||
| Private | $88M | - | $1B | 11.4x | ||
| Private | $18M | - | $980M | - | ||
| Publicly listed | $153B | $15B | $266B | 1.6x | ||
| Publicly listed | $34B | $13B | $211B | 6.6x |
iPlas Public Comps
iPlas is still privately-owned, but its public comps include Alibaba Group, Linde, Sherwin-Williams, Ecolab, Carvana, Shin-Etsu, Air Products, Nan Ya Plastics, BASF and SABIC.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $153B | $15B | 1.7x | 1.6x | 17.5x | 13.0x | |||
| $34B | $13B | 6.9x | 6.6x | 18.3x | 16.9x | |||
| $24B | $4.5B | 3.9x | 3.7x | 20.5x | 19.1x | |||
| $16B | $3.8B | 5.3x | 4.9x | 22.6x | 20.0x | |||
| $20B | ($110M) | 3.7x | 2.9x | (691.4x) | 27.7x | |||
| $17B | $5.7B | 3.6x | 3.5x | 10.3x | 10.1x | |||
| $12B | $1.3B | 6.9x | 6.6x | 62.5x | 15.3x | |||
| $8.2B | $986M | 7.6x | 6.2x | 62.8x | 28.3x | |||
This data is available for Pro users. Sign up to see all iPlas competitors and their valuation data. Start Free Trial | ||||||||
Common questions about iPlas
| When was iPlas founded? | iPlas was founded in 2014. |
| Where is iPlas headquartered? | iPlas is headquartered in Guangzhou, China. |
| Is iPlas publicly listed? | No, iPlas is a private, VC-backed company. |
| How much funding has iPlas raised? | iPlas has raised $119M across 3 funding rounds. |
| What was iPlas' last funding round? | iPlas' last funding round was a $20M Series C in November 2018, led by IRPC. |
| Who are iPlas' investors? | iPlas' investors include IRPC, Hanfor (Beijing) Capital Management, Co-Stone Venture Capital and Topping Capital. |
| Which companies are comparable to iPlas? | Companies comparable to iPlas include GrubMarket, CADDi, Jumbotail, Bizongo, Alibaba Group and Linde. |
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