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- Le Sports
Le Sports Valuation, Funding & Investors
Le Sports is valued at $3.1B as of March 2016.
Last Le Sports valuation
$3.1B
Series B · Mar 2016
Last Le Sports funding round
$1.2B
Series B · Mar 2016
Cumulative funding Le Sports raised
$1.4B
across 2 funding rounds
Key investors in Le Sports
YF Capital
CICC Capital
WANDA Group
Fortune Link
Prometheus Capital
Zhongtai Securities
About Le Sports
Le Sports is the sports arm of Chinese internet company LeEco, building a sports ecosystem that combines content streaming, live events, and internet services. The company held broadcast rights to leagues including the Chinese Super League, the English Premier League, and the NFL, and pursued smart products and stakes in sports venues and teams. It also invested in adjacent businesses such as webcasting platform 17 Media and soccer data firm Sodasoccer to broaden its sports-media reach.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Valuation
$3.1B (Mar 2016)
Le Sports Valuation
Le Sports is currently valued at $3.1B, based on its Series B in March 2016.
The $1.2B round was led by HNA Group, with participation from Liu Tao, Sun Honglei, Xinpai Capital, CICC Capital, Jia Nailiang and 3 other investors.
Le Sports' valuation has grown 6.9x from $451M at its Series A in May 2015 to $3.1B in March 2016, across 2 priced rounds.
Le Sports valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2016 | Series B | $3.1B |
| May 2015 | Series A | $451M |
Le Sports Funding History
Le Sports has raised a total of $1.4B across 2 funding rounds.
Le Sports' first fundraising round was a $129M Series A in May 2015. The most recent completed round was a $1.2B Series B in March 2016.
Le Sports funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2016 | Series B | HNA Group (lead); Liu Tao; Sun Honglei; Xinpai Capital; CICC Capital; Jia Nailiang; Caissa Tosun Development; Zhongtai Securities; China Construction Bank | $1.2B | $3.1B | Le Sports, the sports arm of Chinese internet company LeEco, completed its Series B funding round in late March 2016, raising RMB 8 billion (approximately $1.23 billion) led by HNA Capital (part of HNA Group), with participation from over 30 investors including Caissa Tosun Development, Zhongtai Securities, CICC Capital, celebrities like Sun Honglei, Jia Nailiang, and Liu Tao. The round valued the company at RMB 21.5 billion, up from RMB 2.8 billion pre-Series A in May 2015 and following a Series A raise of RMB 800 million. Investors formed a steering committee for strategic oversight amid LeEco's cash challenges, with funds aimed at acquiring sports media rights (e.g., Chinese Super League for RMB 2.7 billion, English Premier League, NFL), developing smart products, and expanding operations like partnerships in Beijing sports centers and potential stakes in teams like Beijing Guoan F.C. One report noted a pre-money valuation of RMB 13.5 billion ahead of a targeted RMB 7 billion raise, aligning with the final post-money figure. Le Sports focused on building a sports ecosystem combining content streaming, events, and internet services, capitalizing on China's growing sports industry (0.64% of GDP in 2014) amid investments from Alibaba and Tencent. |
| May 2015 | Series A | WANDA Group (lead); YF Capital (lead); Jianqing Wang; Prometheus Capital; Fortune Link | $129M | $451M | - |
Who has invested in Le Sports?
14 investors have backed Le Sports across its funding rounds, including YF Capital, CICC Capital, WANDA Group, Fortune Link, Prometheus Capital and Zhongtai Securities.
Lead investors include HNA Group, WANDA Group and YF Capital.
Le Sports Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Mar 2016 | ||
| 1 | Lead | May 2015 | ||
| 1 | Participant | Mar 2016 | ||
| 1 | Participant | Mar 2016 | ||
| 1 | Participant | May 2015 | ||
| 1 | Participant | Mar 2016 | ||
| 1 | Participant | Mar 2016 | ||
| 1 | Participant | May 2015 | ||
| 1 | Participant | Mar 2016 | ||
| 1 | Participant | Mar 2016 | ||
| 1 | Lead | Mar 2016 | ||
| 1 | Participant | Mar 2016 | ||
This data is available for Pro users. Sign up to see all 14 Le Sports investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Le Sports
Le Sports has acquired 2 companies to date.
Last acquisition by Le Sports was on January 28th 2016. Le Sports acquired Octopus TV for $46M.
Latest Acquisitions by Le Sports
| Description | Octopus TV is a video management platform for secure storage and multi-device delivery of broadcast content. OctopusMT encodes in AVC/HEVC, DRM-protects streams, and CDN-distributes globally via Akamai. London-headquartered since 2008, it serves media companies like BBC and Sky. | Sodasoccer is a Beijing-based sports data company founded in 2004, recognized as China's pioneering provider of professional soccer analytics. The platform aggregates match statistics, player performance metrics, and league standings for the Chinese Super League, international tournaments, and youth academies. Sodasoccer supplies data feeds to broadcasters, clubs, and betting operators, covering over 1,000 matches annually with real-time updates and historical archives. |
| HQ Country | ||
| HQ City | Sydney | Beijing |
| Deal Date | 28 Jan 2016 | 27 Jan 2016 |
| Valuation | $46M | $10M |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Le Sports acquisitions and their M&A valuation multiples. Start Free Trial | ||
Investments by Le Sports
Le Sports has invested in 2 companies to date.
Latest investment by Le Sports was on May 9th 2016. Le Sports invested in 17 Media in their $23M Series B round.
Latest Investments by Le Sports
| Description | 17 Media is a Taiwanese live-streaming entertainment platform founded in 2015, operating as one of the largest live broadcasting services in Asia. The platform enables content creators to broadcast live content across music, gaming, and lifestyle categories, monetizing through virtual gifting and subscription services. With over 50 million users globally, the company holds leading market positions in Japan, Taiwan, and Hong Kong. Operates as LIVIT in English-speaking markets and expanded through acquisitions including MEME Live in Southeast Asia and HandsUp live e-commerce platform. | Zhangyu is a Chinese sports media platform streaming live events and content via zhangyu.tv, covering football, basketball, and esports for domestic audiences. |
| HQ Country | ||
| HQ City | - | Qingdao |
| Deal Date | 9 May 2016 | 25 Feb 2016 |
| Round | Series B | Series B |
| Raised | $23M | $10M |
| Investors | - | - |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Le Sports investments and their VC round multiples. Start Free Trial | ||
Le Sports Competitors
Le Sports competitors include listed companies like FuboTV and MNC Digital Entertainment, and private ones like OneFootball, Suning Sports, Vidio and Icon Health Fitness.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $2.6B | - | ||
| Private | - | - | $945M | - | ||
| Private | $1B | - | $7B | 7.0x | ||
| Publicly listed | $1.6B | ($122M) | $1.1B | 0.5x | ||
| Publicly listed | $216M | $73M | $1B | - |
Le Sports Public Comps
Le Sports is still privately-owned, but its public comps include Atlanta Braves Holdings, Manchester United, RUM Group, NetEase Cloud Music, MBC Group, Skyworth Digital, FuboTV, iQIYI, MNC Digital Entertainment and Saregama India.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $732M | $98M | 5.6x | 5.3x | 42.0x | 62.0x | |||
| $895M | $302M | 4.9x | 4.8x | 14.4x | 14.5x | |||
| $101M | ($78M) | 39.2x | 19.4x | (50.8x) | (70.5x) | |||
| $1.2B | $244M | 0.2x | 0.2x | 1.2x | 1.2x | |||
| $1.4B | $136M | 1.0x | 1.0x | 10.3x | 17.4x | |||
| $1.3B | $37M | 1.4x | - | 47.5x | - | |||
| $1.6B | ($122M) | 1.9x | 0.5x | (25.2x) | 23.6x | |||
| $4.1B | $2B | 0.6x | 0.7x | 1.3x | 104.4x | |||
This data is available for Pro users. Sign up to see all Le Sports competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Le Sports
| When was Le Sports founded? | Le Sports was founded in 2014. |
| Where is Le Sports headquartered? | Le Sports is headquartered in China. |
| Is Le Sports publicly listed? | No, Le Sports is a private, VC-backed company. |
| What is Le Sports' valuation? | Le Sports was last valued at $3.1B in its Series B in March 2016. |
| How much funding has Le Sports raised? | Le Sports has raised $1.4B across 2 funding rounds. |
| What was Le Sports' last funding round? | Le Sports' last funding round was a $1.2B Series B in March 2016, led by HNA Group. |
| Who are Le Sports' investors? | Le Sports' investors include Liu Tao, YF Capital, Sun Honglei, Xinpai Capital, Jianqing Wang, CICC Capital, Jia Nailiang, Prometheus Capital, Caissa Tosun Development, Zhongtai Securities and 4 others. |
| Which companies are comparable to Le Sports? | Companies comparable to Le Sports include OneFootball, Suning Sports, Vidio, Icon Health Fitness, FuboTV and MNC Digital Entertainment. |
| How many companies has Le Sports acquired? | Le Sports has acquired 2 companies, including Octopus TV and Sodasoccer. |
| What was the largest acquisition by Le Sports? | The $46M acquisition of Octopus TV in January 2016 is the largest acquisition Le Sports has made to date. |
| How many companies has Le Sports invested in? | Le Sports has invested in 2 companies, including 17 Media and Zhangyu. |
| What was Le Sports' last investment? | In May 2016, Le Sports invested in 17 Media's $23M Series B. |
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