- Companies
- JMGO
Last JMGO valuation
$308M
Series C · Mar 2016
Last JMGO funding round
$2M
Pre-seed · Mar 2023
Cumulative funding JMGO raised
$380M
across 6 funding rounds
Key investors in JMGO
IDG Capital
Alibaba Group
Fortune Venture Capital
Green Pine Capital Partners
GF Xinde Investment Management
Junsan Capital
About JMGO
JMGO is a Chinese smart-projector brand, operated by Shenzhen Holatek, that designs and produces smart projectors and laser TVs aimed at delivering large-screen viewing in a portable, versatile format. The company competes in China's fast-growing projector market against rivals such as Xgimi, and its products span the intelligent-hardware and consumer IoT space alongside plans for international e-commerce expansion.
Founded
2011
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$308M (Mar 2016)
Sectors
JMGO Valuation
JMGO is currently valued at $308M, based on its Series C in March 2016.
The $92M round was led by Golden Brick Capital.
JMGO valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2016 | Series C | $308M |
JMGO Funding History
JMGO has raised a total of $380M across 6 funding rounds.
JMGO's first fundraising round was a $9M Series A in December 2014. The most recent completed round was a $2M pre-seed round in March 2023.
JMGO funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2023 | Pre-seed | - | $2M | - | - |
| Mar 2022 | Series D | IDG Capital (lead); Oppo (lead); Lexun Tiancheng | $158M | - | JMGO, a Chinese smart projector brand (坚果投影), completed a Series E-II funding round of approximately $157.14M on March 15, 2022, with investors IDG Capital, Lexun Tiancheng, and OPPO, matching the specified lead investors and date. Another source reports it as CNY1 billion (USD160M) pre-Series A closed on March 16, 2022, led by OPPO and IDG Capital, with funds allocated to expand operations, boost technology reserves, product R&D, and brand promotion. This marked JMGO's tenth funding round, bringing total capital raised to $377.75M across 10 rounds from 22 investors, including prior backers like Alibaba and Golden Brick Capital. JMGO specializes in R&D and production of smart projectors and laser TVs, aiming to deliver immersive large-screen experiences through portable, versatile, and aesthetically functional products. The company operates in the intelligent hardware sector, particularly consumer IoT and smart home appliances. |
| Oct 2018 | Series D | Alibaba Group (lead); Stone Capital; Sunz Fund; Junsan Capital; 36KR; D.Z Capital; GF Xinde Investment Management | $87M | - | - |
| Mar 2016 | Series C | Golden Brick Capital (lead) | $92M | $308M | JMGO is a Chinese smart projector brand operated by Shenzhen Holatek, ranking third in China's projector market with 8% share in the first half of the prior year according to IDC. In March 2016, JMGO received a C-Round investment of approximately 90 million USD from Golden Brick Capital and Qianhai Zhongjin Group, positioning it as a leading company in the sector. JMGO has completed multiple financing rounds, including later ones with investors like Alibaba Group Holding, OPPO, and IDG Capital, such as a CNY1 billion (USD160 million) Pre-A round reported in 2022 for expanding operations, technology, R&D, and brand promotion. China's projector market saw shipments grow 32.4% year-over-year to 2.27 million units in the first half of the prior year, with Xgimi leading at 20% share. |
| Jun 2015 | Series B | SkyChee Ventures; Green Pine Capital Partners | $32M | - | JMGO, a company focused on projectors and portable projection technology, secured funding in May 2015 from investors including Green Pine Capital Partners, Timesbole, and SkyChee Ventures, with the amount stated as 30 million USD. This round aligns closely with the approximate date of March 6, 2015, provided in the query, though listed as May. No details on post-money valuation, amount raised beyond the investment figure, or use of funds are available in the sources. JMGO later launched a portable product in December 2015 and developed plans for a foreign online shopping website to expand e-commerce for its projectors internationally. The company appears in broader China internet investment contexts alongside entities like Golden Brick Capital and Susquehanna, indicating its position in the consumer tech and hardware sector. No revenue, ARR, EBITDA, traction metrics, competitive details, or follow-on funding information matching the criteria or timeframe is present in the results. |
| Dec 2014 | Series A | StarVC; IDG Capital; Fortune Venture Capital | $9M | - | - |
Who has invested in JMGO?
15 investors have backed JMGO across its funding rounds, including IDG Capital, Alibaba Group, Fortune Venture Capital, Green Pine Capital Partners, GF Xinde Investment Management and Junsan Capital.
Lead investors include IDG Capital, Oppo, Alibaba Group and Golden Brick Capital.
JMGO Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Dec 2014 | ||
| 1 | Participant | Dec 2014 | ||
| 1 | Lead | Mar 2022 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Participant | Jun 2015 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Participant | Mar 2022 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Participant | Dec 2014 | ||
| 1 | Lead | Oct 2018 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Participant | Jun 2015 | ||
This data is available for Pro users. Sign up to see all 15 JMGO investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialJMGO Competitors
JMGO competitors include listed companies like UTime, Parrot and Grupo Multi, and private ones like Apkudo, Hello and Ember Technologies.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $300M | - | ||
| Private | - | - | $300M | - | ||
| Publicly listed | $29M | ($2M) | $294M | - | ||
| Publicly listed | $92M | ($11M) | $325M | 3.0x | ||
| Publicly listed | $763M | $47M | $286M | 0.3x | ||
| Private | - | - | $283M | - |
JMGO Public Comps
JMGO is still privately-owned, but its public comps include UTime, Parrot, Grupo Multi, GoPro, Ideal Holdings, Xperi, Mobiltel Iletisim, FW Thorpe, Vuzix and Digiworld.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $29M | ($2M) | 9.1x | - | (119.0x) | - | |||
| $92M | ($11M) | 3.4x | 3.0x | (28.6x) | (47.0x) | |||
| $763M | $47M | 0.3x | 0.3x | 4.7x | 4.3x | |||
| $652M | ($71M) | 0.5x | 0.6x | (4.7x) | (4.3x) | |||
| $554M | $67M | 1.3x | - | 10.9x | - | |||
| $448M | $5M | 0.5x | 0.5x | 54.0x | 3.1x | |||
| $316M | $28M | 1.0x | - | 11.0x | - | |||
| $235M | $54M | 1.3x | - | 5.5x | - | |||
This data is available for Pro users. Sign up to see all JMGO competitors and their valuation data. Start Free Trial | ||||||||
Common questions about JMGO
| When was JMGO founded? | JMGO was founded in 2011. |
| Where is JMGO headquartered? | JMGO is headquartered in China. |
| Is JMGO publicly listed? | No, JMGO is a private, VC-backed company. |
| What is JMGO's valuation? | JMGO was last valued at $308M in its Series C in March 2016. |
| How much funding has JMGO raised? | JMGO has raised $380M across 6 funding rounds. |
| What was JMGO's last funding round? | JMGO's last funding round was a $2M pre-seed round in March 2023. |
| Who are JMGO's investors? | JMGO's investors include IDG Capital, StarVC, Oppo, Stone Capital, SkyChee Ventures, Sunz Fund, Junsan Capital, Lexun Tiancheng, 36KR, Fortune Venture Capital and 5 others. |
| Which companies are comparable to JMGO? | Companies comparable to JMGO include Apkudo, Hello, UTime, Parrot, Grupo Multi and Ember Technologies. |
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