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

Jumeng Overview

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

ChinaShanghai

Website

jumstc.com

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

Jumeng valuation by funding round
DateStageValuation
Mar 2022Series 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

Jumeng funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2022Series BFortuna Group (lead); Hangzhou Financial Investment; IDG Capital$100M$900MJumeng, 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 2019SeedSAIF Partners (lead)$15M--
Aug 2018SeedIDG 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

Investors in Jumeng by funding rounds participated
InvestorHQRoundsRoleFirst check
IDG CapitalChinaBeijing2LeadAug 2018
Hangzhou Financial InvestmentChinaHangzhou1ParticipantMar 2022

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Jumeng 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.

Public and private companies comparable to Jumeng
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
99 MinutosMexicoMexicoPrivate--$1B-
FlexeUnited StatesSeattle, WAPrivate--$1B-
Neovia Logistics ServicesUnited KingdomLeicesterPrivate--$1B-
Nimble RoboticsUnited StatesUnited StatesPrivate--$1B-
ShadowfaxIndiaIndiaPublicly listed$438M$24M$1.5B2.8x
Transfar Zhilian CoChinaChinaPublicly listed$3.7B$258M$1.9B1.3x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Ferrari Group$414M$102M2.0x1.9x8.0x7.4x
Heartland Express$806M$102M1.2x1.3x9.9x6.8x
Hidrovias do Brasil$436M$146M3.1x3.1x9.3x6.8x
NTG Nordic Transport$1.8B$135M0.7x0.7x9.6x8.2x
Logwin$1.6B$131M0.4x0.4x4.7x4.7x
Covenant Logistics$1.2B$110M1.0x0.9x10.7x8.2x
Cargojet$711M$238M2.1x1.9x6.2x6.1x
Pasifik Eurasia$50M$25M17.5x-34.8x-

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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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