JOYNEXT Valuation, Funding & Investors

JOYNEXT is valued at $577M as of May 2022.

Last JOYNEXT valuation

$577M

Undisclosed stage · May 2022

Last JOYNEXT funding round

$48M

Undisclosed stage · May 2022

Cumulative funding JOYNEXT raised

$155M

across 2 funding rounds

Key investors in JOYNEXT

  • F&G Venture
  • Cathay Capital Private Equity
  • China Coal Xinji Energy
  • Ningbo Joyson Electronic
  • Baoteng Power
  • Ningbo Gaofa Automotive

JOYNEXT Overview

About JOYNEXT

JOYNEXT is a Chinese automobile technology company that develops smart cockpit platforms and integrated vehicle systems. The firm provides software and hardware solutions for in-car infotainment, driver assistance, and connectivity features deployed in passenger vehicles across domestic markets.


Founded

2020

HQ

GermanyDresden

Status

Privately held

Customer focus

B2B

Revenue model

Licensing, Subscription

Valuation

$577M (May 2022)

JOYNEXT Valuation

JOYNEXT is currently valued at $577M, based on its undisclosed-stage round in May 2022.

The $48M round was led by Ningbo Joyson Electronic.

JOYNEXT valuation by funding round

JOYNEXT valuation by funding round
DateStageValuation
May 2022Undisclosed stage$577M

JOYNEXT Funding History

JOYNEXT has raised a total of $155M across 2 funding rounds.

JOYNEXT's first fundraising round was a $107M undisclosed-stage round in October 2020. The most recent completed round was a $48M undisclosed-stage round in May 2022.

JOYNEXT funding rounds

JOYNEXT funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2022Undisclosed stageNingbo Joyson Electronic (lead)$48M$577MNingbo Joynext Technology Co., Ltd. (JOYNEXT) is an intelligent mobility subsidiary of Joyson Electronics, specializing in smart connectivity solutions, intelligent cockpits, automotive connectivity including 5G-V2X, and autonomous driving technologies. Established around 2020, JOYNEXT operates with over 1,600 employees across multiple R&D centers and manufacturing locations globally, partnering with OEMs and tech firms like Huawei, Qualcomm, and Horizon Robotics to deliver products in millions of vehicles. On May 13, 2022, Ningbo Joyson Electronic Corp. agreed to acquire an 8.0392% stake in JOYNEXT from sellers including Ningbo Gaofa, Qin Song, Sang Shumin, and Li Chao for approximately CNY320 million, implying a full post-money valuation of around CNY3.98 billion; the transaction completed on December 8, 2022. This deal aligns with Joyson Electronics' expansion in automotive electronics and safety systems. JOYNEXT has since advanced partnerships, such as with Senior Auto for Level 4 smart driving solutions, including a deployed smart port digital management platform at Ningbo Port integrating V2X, autonomous driving, and cloud dispatching. Joyson Electronics, JOYNEXT's parent, reported strong growth with 2024 full-year revenue of RMB 55.9 billion and new orders of RMB 83.9 billion, including RMB 26.5 billion in automotive electronics, but no specific revenue or EBITDA figures for JOYNEXT near the 2022 round were disclosed using standard terms.
Oct 2020Undisclosed stageChina Coal Xinji Energy (lead); Baoteng Power; F&G Venture; Ningbo Gaofa Automotive; Cathay Capital Private Equity$107M--

Who has invested in JOYNEXT?

6 investors have backed JOYNEXT across its funding rounds, including F&G Venture, Cathay Capital Private Equity, China Coal Xinji Energy, Ningbo Joyson Electronic, Baoteng Power and Ningbo Gaofa Automotive.

Lead investors include Ningbo Joyson Electronic and China Coal Xinji Energy.


JOYNEXT Investors

Investors in JOYNEXT by funding rounds participated
InvestorHQRoundsRoleFirst check
Baoteng Power--1ParticipantOct 2020
Ningbo Joyson ElectronicChinaNingbo1LeadMay 2022
F&G VentureChinaShanghai1ParticipantOct 2020
Ningbo Gaofa AutomotiveChinaNingbo1ParticipantOct 2020

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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JOYNEXT Competitors

JOYNEXT competitors include listed companies like Broadleaf, Alfa Financial Software and Pinewood Technologies, and private ones like Envisics, AutoFi and Dazhongkanche.

Public and private companies comparable to JOYNEXT
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BroadleafJapanJapanPublicly listed$134M$34M$570M4.1x
Alfa Financial SoftwareUnited KingdomUnited KingdomPublicly listed$170M$58M$618M3.4x
EnvisicsUnited KingdomMilton KeynesPrivate--$500M-
AutoFiUnited StatesSan Francisco, CAPrivate--$700M-
Pinewood TechnologiesUnited KingdomUnited KingdomPublicly listed$54M$22M$706M12.1x
DazhongkancheChinaBeijingPrivate--$735M-

JOYNEXT Public Comps

JOYNEXT is still privately-owned, but its public comps include Broadleaf, Alfa Financial Software, Pinewood Technologies, DSC Holdings, Cerence, SaverOne, Seeing Machines, SAIMO, Smart Eye and Qiming Information.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Broadleaf$134M$34M4.3x4.1x17.2x-
Alfa Financial Software$170M$58M3.5x3.4x10.3x10.4x
Pinewood Technologies$54M$22M12.2x12.1x30.1x29.9x
DSC Holdings$101M($10M)3.3x-(34.3x)-
Cerence$252M$8M1.7x1.4x52.9x6.2x
SaverOne$335K($9M)1041.3x-(37.0x)-
Seeing Machines$62M($6M)5.4x3.9x(56.5x)52.2x
SAIMO$39M$21M5.3x-10.0x-

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Common questions about JOYNEXT

When was JOYNEXT founded?JOYNEXT was founded in 2020.
Where is JOYNEXT headquartered?JOYNEXT is headquartered in Dresden, Germany.
Is JOYNEXT publicly listed?No, JOYNEXT is a private, VC-backed company.
What is JOYNEXT's valuation?JOYNEXT was last valued at $577M in its undisclosed-stage round in May 2022.
How much funding has JOYNEXT raised?JOYNEXT has raised $155M across 2 funding rounds.
What was JOYNEXT's last funding round?JOYNEXT's last funding round was a $48M undisclosed-stage round in May 2022, led by Ningbo Joyson Electronic.
Who are JOYNEXT's investors?JOYNEXT's investors include Baoteng Power, Ningbo Joyson Electronic, F&G Venture, Ningbo Gaofa Automotive, Cathay Capital Private Equity and China Coal Xinji Energy.
Which companies are comparable to JOYNEXT?Companies comparable to JOYNEXT include Broadleaf, Alfa Financial Software, Envisics, AutoFi, Pinewood Technologies and Dazhongkanche.

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