Maimai Valuation, Funding & Investors

Maimai is valued at $1B as of August 2018.

Last Maimai valuation

$1B

Series D · Aug 2018

Last Maimai funding round

$200M

Series D · Aug 2018

Cumulative funding Maimai raised

$300M

across 4 funding rounds

Key investors in Maimai

  • 5Y Capital
  • IDG Capital
  • DCM Ventures
  • DST Global

Maimai Overview

About Maimai

Maimai is a Beijing-based professional social networking platform launched in 2013 that connects Chinese career professionals. It facilitates job searching, networking, and industry discussions surpassing LinkedIn in user engagement within China. Features include anonymous posting, company insights, and salary benchmarking tools tailored to the domestic market.


Founded

2013

HQ

ChinaBeijing

Website

maimai.cn

Status

Privately held

Customer focus

B2C

Revenue model

Advertising

Valuation

$1B (Aug 2018)

Maimai Valuation

Maimai is currently valued at $1B, based on its Series D in August 2018.

The $200M round was led by DST Global, with participation from IDG Capital, 5Y Capital and DCM Ventures.

Maimai's valuation has moved from $10B at its Series C in November 2017 to $1B in August 2018, across 2 priced rounds.

Maimai valuation by funding round

Maimai valuation by funding round
DateStageValuation
Aug 2018Series D$1B
Nov 2017Series C$10B

Maimai Funding History

Maimai has raised a total of $300M across 4 funding rounds.

Maimai's first fundraising round was a $5M Series A in August 2013. The most recent completed round was a $200M Series D in August 2018.

Maimai funding rounds

Maimai funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2018Series DDST Global (lead); IDG Capital; 5Y Capital; DCM Ventures$200M$1BMaimai, a Chinese professional social networking platform founded in 2013 and often called LinkedIn's rival in China, closed a $200 million Series D funding round in April 2018, publicly announced around August 21-22, 2018, led by DST Global with participation from existing investors including DCM Ventures, IDG Capital, and Morningside Venture Capital. The round valued the company at over or at least $1 billion, granting it unicorn status as the first in the career and social networking space, and brought total funding raised to $300 million across four rounds. Maimai, boasting over 50 million registered users, had already achieved unicorn status in its prior Series C round in November 2017. The company plans to use part of the new capital, including RMB 1 billion (around $150 million) over three years, for a professional growth training program partnering with over 1,000 companies such as Cisco Systems, Fashion Group, and Focus Media. Maimai leads the Chinese market ahead of LinkedIn China, with an 83.8% user penetration rate in June 2018 per Analysys, compared to LinkedIn's 11.8%, and topped iResearch rankings for popular social networking apps in April 2017. Founder and CEO Lin Fan, former CTO of Sogou and Tsinghua graduate, aims for a US IPO and overseas expansion in the second half of 2019, targeting a $10 billion market valuation.
Nov 2017Series CDCM Ventures (lead); IDG Capital; 5Y Capital$75M$10BMaimai is a Chinese professional social networking app, often compared to LinkedIn, operated by Beijing Taoyou Tianxia Technology Development Co. and founded in 2012 by Lin Fan. It targets business professionals, facilitating career networking, and had acquired over 30 million users since launching in October 2013, with 10 million monthly active users reported around the time of the funding. The platform broke even financially for the first time in the prior year and saw its monthly active user count and income increase five-fold in 2017. In November 2017, Maimai raised USD 75 million in its Series C funding round, led by DCM Ventures with participation from IDG Capital, Morningside Venture Capital, and strategic investor Zhaopin Ltd. This followed a 2014 B-round of CNY 20 million (USD 3.01 million) also led by IDG Capital and backed by Morningside, at which point the company was valued at USD 100 million. The C-round proceeds were earmarked for market development, service improvements, and leveraging Zhaopin's 140 million users and offline workforce to enhance user experience. Maimai aimed to capture employees from China's top 500 companies and top 500 global firms operating there. It expected revenue to triple in the following year amid rapid growth, positioning it as a leader in China's career social networking space ahead of rivals like LinkedIn China.
Aug 2014Series B5Y Capital (lead); IDG Capital (lead)$20M-Maimai (Maimai.cn) is a Beijing-based mobile social networking app focused on professional networking, similar to LinkedIn, targeting Chinese white-collar workers for career connections and job opportunities. The company completed a Series B funding round of $20 million in August 2014, led by IDG Capital and Morningside Venture Capital (with 5Y Capital listed as an investor in prior and subsequent rounds). This round followed an earlier Series A in October 2013 also involving 5Y Capital. Maimai went on to raise additional rounds, including Series C in 2017 and Series D for $200M in August 2018. Total funding across four rounds reached $300M from investors including 5Y Capital, IDG Capital, DCM Ventures, DST Global, and Zhaopin.
Aug 2013Series A5Y Capital (lead)$5M-Maimai is a China-based professional networking platform launched in fall 2013, serving as a LinkedIn rival focused on business professionals for connections, job opportunities, and career services. 5Y Capital participated in Maimai's first funding round dated October 2, 2013, marking the start of its four funding rounds totaling $300M. Subsequent rounds included Series B in 2014, Series C in 2017 with unicorn status at $1B valuation in November 2017, and Series D for $200M in April/August 2018 led by DST Global at over $1B valuation. The company, founded by Lin Fan, grew to over 50 million users by 2018 and planned a US IPO in 2019 with a $10B target market valuation. Investors alongside 5Y Capital include IDG Capital, Morningside Venture Capital, DCM Ventures, DST Global, and Zhaopin.

Who has invested in Maimai?

4 investors have backed Maimai across its funding rounds, including 5Y Capital, IDG Capital, DCM Ventures and DST Global.

Lead investors include DST Global, DCM Ventures, 5Y Capital and IDG Capital.


Maimai Investors

Investors in Maimai by funding rounds participated
InvestorHQRoundsRoleFirst check
5Y CapitalChinaChina4LeadAug 2013
IDG CapitalChinaBeijing3LeadAug 2014

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Maimai Competitors

Maimai competitors include listed companies like Wantedly and Nextdoor, and private ones like Clubhouse, Lamabang, MEET48 and mobli.

Public and private companies comparable to Maimai
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
WantedlyJapanJapanPublicly listed$32M$11M$58M0.5x
ClubhouseUnited StatesSan Francisco, CAPrivate$4M-$1B250.0x
LamabangChinaShenzhenPrivate--$1B-
MEET48Hong KongHong KongPrivate--$1B-
mobliIsraelTel AvivPrivate--$1B-
NextdoorUnited StatesUnited StatesPublicly listed$258M($69M)$959M2.2x

Maimai Public Comps

Maimai is still privately-owned, but its public comps include Nextdoor, Yalla Group, Hello Group, VNG Corp., Webtoon, DeNA, Weibo, Bumble, mixi and Newborn Town.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Nextdoor$258M($69M)2.4x2.2x(8.8x)27.8x
Yalla Group$342M$128M----
Hello Group$1.5B$215M----
VNG Corp.$420M$23M1.4x-25.5x-
Webtoon$1.4B($373M)0.6x0.6x(2.4x)37.6x
DeNA$950M$177M1.1x1.1x5.8x6.5x
Weibo$1.8B$644M0.5x0.5x1.4x1.9x
Bumble$966M($793M)0.8x0.9x(1.0x)2.9x

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Common questions about Maimai

When was Maimai founded?Maimai was founded in 2013.
Where is Maimai headquartered?Maimai is headquartered in Beijing, China.
Is Maimai publicly listed?No, Maimai is a private, VC-backed company.
What is Maimai's valuation?Maimai was last valued at $1B in its Series D in August 2018.
How much funding has Maimai raised?Maimai has raised $300M across 4 funding rounds.
What was Maimai's last funding round?Maimai's last funding round was a $200M Series D in August 2018, led by DST Global.
Who are Maimai's investors?Maimai's investors include 5Y Capital, IDG Capital, DCM Ventures and DST Global.
Which companies are comparable to Maimai?Companies comparable to Maimai include Wantedly, Clubhouse, Lamabang, MEET48, mobli and Nextdoor.

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