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- Jumeng
Jumeng Valuation, Funding & Investors
Jumeng is valued at $900M as of March 2022.
Last Jumeng valuation
$900M
Series B · Mar 2022
Last Jumeng funding round
$100M
Series B · Mar 2022
Cumulative funding Jumeng raised
$129M
across 3 funding rounds
Key investors in Jumeng
IDG Capital
SAIF Partners
Hangzhou Financial Investment
Fortuna Group
About Jumeng
Jumeng is a Shanghai-based developer of logistics service platforms coordinating freight transportation across China. Founded in 2017, it connects shippers with carriers for road, rail, and air services, handling millions of tons annually through its digital matching system.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission
Valuation
$900M (Mar 2022)
Jumeng Valuation
Jumeng is currently valued at $900M, based on its Series B in March 2022.
The $100M round was led by Fortuna Group, with participation from Hangzhou Financial Investment and IDG Capital.
Jumeng valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2022 | Series B | $900M |
Jumeng Funding History
Jumeng has raised a total of $129M across 3 funding rounds.
Jumeng's first fundraising round was a $15M seed round in August 2018. The most recent completed round was a $100M Series B in March 2022.
Jumeng funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2022 | Series B | Fortuna Group (lead); Hangzhou Financial Investment; IDG Capital | $100M | $900M | Jumeng, likely Jiangsu Pufei Kete Information Technology (also referenced as such in funding data), is a Shanghai-headquartered company operating in transportation, automotive, and logistics sectors. It completed a Series B funding round of $100 million USD on approximately March 3, 2022, led by Fortuna Capital Partners (aligned with Fortuna Group), with participation from IDG Capital and others including Anpu Capital and Hangzhou Financial Investment equivalents. This marked the company's fourth funding round, bringing total equity funding to $100 million USD. LXL Capital estimated Jumeng's valuation in the range of $800 million to $1 billion USD around early 2022, positioning it as a significant player in its sectors. |
| Jan 2019 | Seed | SAIF Partners (lead) | $15M | - | - |
| Aug 2018 | Seed | IDG Capital (lead) | $15M | - | Jumeng is a Shanghai-based logistics services platform that connects businesses with shipping providers, streamlining invoice issuance, shipping services, and insurance. The company develops enterprise software to enhance logistics efficiency across sectors. IDG Capital led Jumeng's Series A round, reported in September 2019, with prior seed funding in 2018. Subsequent rounds include Series B in 2020 and 2022. |
Who has invested in Jumeng?
4 investors have backed Jumeng across its funding rounds, including IDG Capital, SAIF Partners, Hangzhou Financial Investment and Fortuna Group.
Lead investors include Fortuna Group, SAIF Partners and IDG Capital.
Jumeng Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Aug 2018 | ||
| 1 | Participant | Mar 2022 | ||
This data is available for Pro users. Sign up to see all 4 Jumeng investors. Start Free Trial | ||||
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Start Free TrialJumeng Competitors
Jumeng competitors include listed companies like Shadowfax and Transfar Zhilian Co, and private ones like 99 Minutos, Flexe, Neovia Logistics Services and Nimble Robotics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $438M | $24M | $1.5B | 2.8x | ||
| Publicly listed | $3.7B | $258M | $1.9B | 1.3x |
Jumeng Public Comps
Jumeng is still privately-owned, but its public comps include Ferrari Group, Heartland Express, Hidrovias do Brasil, NTG Nordic Transport, Logwin, Covenant Logistics, Cargojet, Pasifik Eurasia, CTT Correios de Portugal and Reysaş Lojistik.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $414M | $102M | 2.0x | 1.9x | 8.0x | 7.4x | |||
| $806M | $102M | 1.2x | 1.3x | 9.9x | 6.8x | |||
| $436M | $146M | 3.1x | 3.1x | 9.3x | 6.8x | |||
| $1.8B | $135M | 0.7x | 0.7x | 9.6x | 8.2x | |||
| $1.6B | $131M | 0.4x | 0.4x | 4.7x | 4.7x | |||
| $1.2B | $110M | 1.0x | 0.9x | 10.7x | 8.2x | |||
| $711M | $238M | 2.1x | 1.9x | 6.2x | 6.1x | |||
| $50M | $25M | 17.5x | - | 34.8x | - | |||
This data is available for Pro users. Sign up to see all Jumeng competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Jumeng
| When was Jumeng founded? | Jumeng was founded in 2017. |
| Where is Jumeng headquartered? | Jumeng is headquartered in Shanghai, China. |
| Is Jumeng publicly listed? | No, Jumeng is a private, VC-backed company. |
| What is Jumeng's valuation? | Jumeng was last valued at $900M in its Series B in March 2022. |
| How much funding has Jumeng raised? | Jumeng has raised $129M across 3 funding rounds. |
| What was Jumeng's last funding round? | Jumeng's last funding round was a $100M Series B in March 2022, led by Fortuna Group. |
| Who are Jumeng's investors? | Jumeng's investors include IDG Capital, Hangzhou Financial Investment, SAIF Partners and Fortuna Group. |
| Which companies are comparable to Jumeng? | Companies comparable to Jumeng include 99 Minutos, Flexe, Neovia Logistics Services, Nimble Robotics, Shadowfax and Transfar Zhilian Co. |
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