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- Kingsware
Kingsware Valuation, Funding & Investors
Kingsware is valued at $502M as of December 2022.
Last Kingsware valuation
$502M
Series C · Dec 2022
Last Kingsware funding round
$72M
Series C · Dec 2022
Cumulative funding Kingsware raised
$129M
across 3 funding rounds
Key investors in Kingsware
Qiming Venture Partners
Junsan Capital
Shunwei Capital
CICC
China Development Bank Capital
Zhuhai Huajin Capital Co
About Kingsware
Kingsware is a Chinese developer of robotic process automation software featuring enterprise-grade platforms for workflow automation, secure deployment, and management in complex IT environments.
Founded
2009
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$502M (Dec 2022)
Kingsware Valuation
Kingsware is currently valued at $502M, based on its Series C in December 2022.
The $72M round was led by China Development Bank Capital, with participation from Shunwei Capital, CICC, Junsan Capital, Wen's Investment, ZHENGLING VENTURE CAPITAL and 1 other investor.
Kingsware valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2022 | Series C | $502M |
Kingsware Funding History
Kingsware has raised a total of $129M across 3 funding rounds.
Kingsware's first fundraising round was a $15M Series A in June 2020. The most recent completed round was a $72M Series C in December 2022.
Kingsware funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2022 | Series C | China Development Bank Capital (lead); Shunwei Capital; CICC; Junsan Capital; Wen's Investment; ZHENGLING VENTURE CAPITAL; Guangdong Yuecai Venture Capital Co., Ltd. | $72M | $502M | Kingsware is a company that has raised a total of $100.95M across 4 funding rounds, with 13 investors involved. Its latest funding was a Series C round of $59.35M on March 3, 2023, led by investors including China Development Bank Capital, CEC-CCIC Fund, Junsan Capital, Shunwei Capital, Utrust Fund, Wens Investment, and Zhengling Venture Capital. Junsan Capital is confirmed as an investor in the Series C. |
| Jul 2021 | Series B | Qiming Venture Partners | $42M | - | Kingsware (kingsware.cn) is a Zhuhai-based Chinese company founded in 2016, specializing in K-RPA software, the first domestically certified RPA product at 3+ level by the Information and Communication Academy, aimed at empowering enterprise digital transformation. It employs 201-500 people and has raised a total of $72M across funding rounds. The only detailed funding round in sources is a Series C on 07.03.2023 for $72M led by Shunwei Capital, as reported in DealStreetAsia, focusing on Kingsware Information's automation efforts. |
| Jun 2020 | Series A | Qiming Venture Partners (lead); Taiya Investment Group; Zhuhai Huajin Capital Co; Junsan Capital; Taiya Dingfu; Zhuhai Science & Technology Venture Capital | $15M | - | Kingsware completed a Series A funding round in 2020 led by Qiming Venture Partners, with participation from Junsan Capital, Huajin Capital, Taiya Dingfu Investment, and others. The company develops AI digital worker solutions, including the K-APA Solution and Ki-Agent Solution, which began commercialization in 2021. Kingsware has achieved a leading market position, ranking first in market share in China’s AI digital worker solutions market for three consecutive years from 2022 to 2024 according to Frost & Sullivan. |
Who has invested in Kingsware?
12 investors have backed Kingsware across its funding rounds, including Qiming Venture Partners, Junsan Capital, Shunwei Capital, CICC, China Development Bank Capital and Zhuhai Huajin Capital Co.
Lead investors include China Development Bank Capital and Qiming Venture Partners.
Kingsware Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jun 2020 | ||
| 2 | Participant | Jun 2020 | ||
| 1 | Lead | Dec 2022 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | Jun 2020 | ||
This data is available for Pro users. Sign up to see all 12 Kingsware investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialKingsware Competitors
Kingsware competitors include listed companies like Systems Engineering and Harbin Boshi Automation, and private ones like VisionNav Robotics, Seegrid, Leapwork and Emergen.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $31M | - | $500M | 16.1x | ||
| Private | - | - | $400M | - | ||
| Private | - | - | $312M | - | ||
| Private | $50M | - | $300M | 6.0x | ||
| Publicly listed | $72M | $14M | $205M | 2.2x | ||
| Publicly listed | $422M | $106M | $1.7B | 3.5x |
Kingsware Public Comps
Kingsware is still privately-owned, but its public comps include Nanjing Bestway, Hansen Technologies, Clobot, Chrysos Corp., Stemmer Imaging, AsiaInfo, Columbus McKinnon, Hebei Gongda Keya Technology Group, Robostar and Jiangxi Tianli Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $144M | $25M | 2.6x | 2.4x | 14.8x | 14.2x | |||
| $275M | $52M | 1.9x | 1.9x | 9.8x | 6.3x | |||
| $30M | ($2M) | 16.3x | 17.6x | (290.8x) | - | |||
| $63M | $19M | 8.9x | 8.5x | 29.1x | 26.6x | |||
| $118M | $11M | 3.9x | - | 41.7x | - | |||
| $940M | $39M | 0.3x | 0.3x | 8.1x | 7.9x | |||
| $1.2B | ($68M) | 3.0x | 2.2x | (51.8x) | 12.2x | |||
| $69M | $9M | 5.7x | - | 45.7x | - | |||
This data is available for Pro users. Sign up to see all Kingsware competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Kingsware
| When was Kingsware founded? | Kingsware was founded in 2009. |
| Where is Kingsware headquartered? | Kingsware is headquartered in Zhuhai, China. |
| Is Kingsware publicly listed? | No, Kingsware is a private, VC-backed company. |
| What is Kingsware's valuation? | Kingsware was last valued at $502M in its Series C in December 2022. |
| How much funding has Kingsware raised? | Kingsware has raised $129M across 3 funding rounds. |
| What was Kingsware's last funding round? | Kingsware's last funding round was a $72M Series C in December 2022, led by China Development Bank Capital. |
| Who are Kingsware's investors? | Kingsware's investors include Qiming Venture Partners, Junsan Capital, China Development Bank Capital, Shunwei Capital, CICC, Taiya Investment Group, Zhuhai Huajin Capital Co, Wen's Investment, ZHENGLING VENTURE CAPITAL, Taiya Dingfu and 2 others. |
| Which companies are comparable to Kingsware? | Companies comparable to Kingsware include VisionNav Robotics, Seegrid, Leapwork, Emergen, Systems Engineering and Harbin Boshi Automation. |
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