Meiliche Funding, Investors & Competitors

Meiliche has raised $195M across 3 funding rounds, most recently a $38M Series B in April 2018.

Last Meiliche funding round

$38M

Series B · Apr 2018

Cumulative funding Meiliche raised

$195M

across 3 funding rounds

Key investors in Meiliche

Meiliche Overview

About Meiliche

Meiliche is a Beijing-headquartered automotive finance platform spun out from Meili in 2016, focusing on secondhand car loans and services. Operating via mljr.com, it connects buyers, sellers, and financiers for transactions across China. The company processes billions in loans yearly, partnering with platforms like Guazi for used vehicle financing.


Founded

2014

HQ

ChinaBeijing

Website

mljr.com

Status

Privately held

Customer focus

B2B & B2C

Revenue model

Usage-based, Subscription

Meiliche Funding History

Meiliche has raised a total of $195M across 3 funding rounds.

Meiliche's first fundraising round was a $65M Series A in January 2015. The most recent completed round was a $38M Series B in April 2018.

Meiliche funding rounds

Meiliche funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2018Series BHarmony Riverside; CE Innovation Capital; Delta Capital; Taihe Capital$38M-
Jan 2018Series BNew Hope Corp (lead); Wacai.com$92MMeiliche Financial, a China-based automotive financial services provider and spinout of online lender Meili Financial, raised $92 million in a Series B round on or around January 31, 2018, led by New Hope Group with participation from Wacai. The company focuses on the second-hand vehicle market, offering instalment payment options and car insurance, and operates in 330 Chinese cities. It had supplied roughly $3 billion in instalment loans for vehicle purchases by that time, though this represents loan volume, not revenue. Proceeds were intended for expanding market share, recruitment, and enhancing its risk assessment system. New Hope Group's vice-president Zhang Minggui expressed optimism about the travelling market amid consumer upgrades. This followed Meili Financial's $65 million Series A in 2015 led by Bertelsmann Asia Investments, with Wacai, Morningside Venture Capital, and GX Capital, and a subsequent investment from JD Finance. Meiliche itself had been formed four years prior to the Series B. Later reports indicate Meili Jinrong, described as an automotive-focused spinoff of consumer loans provider Meiliche, raised over $200 million cumulatively by 2018 from investors including New Hope Group, Wacai, JD Finance, and Bertelsmann Asia Investments, but shut down operations in early 2020 due to Covid-19 impacts on sales and cash shortages, laying off all employees.
Jan 2015Series ABAI capital (lead); GX Capital; Wacai.com$65M-

Who has invested in Meiliche?

8 investors have backed Meiliche across its funding rounds, including Wacai.com, BAI capital, CE Innovation Capital, Delta Capital, GX Capital and Taihe Capital.

Lead investors include New Hope Corp and BAI capital.


Meiliche Investors

Investors in Meiliche by funding rounds participated
InvestorHQRoundsRoleFirst check
Wacai.comChinaHangzhou2ParticipantJan 2015
GX CapitalChinaBeijing1ParticipantJan 2015
Harmony RiversideChinaBeijing1ParticipantApr 2018
New Hope CorpAustraliaGold Coast1LeadJan 2018
CE Innovation CapitalSingaporeSingapore1ParticipantApr 2018
BAI capitalChinaBeijing1LeadJan 2015

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Meiliche Competitors

Meiliche competitors include listed companies like Constellation Software, Dassault Systemes and Topicus, and private ones like Applied Intuition, Zongmu and Hong Jing Drive.

Public and private companies comparable to Meiliche
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Constellation SoftwareCanadaCanadaPublicly listed$12B$2.5B$43B3.5x
Dassault SystemesFranceFrancePublicly listed$7.2B$2.2B$32B4.0x
Applied IntuitionUnited StatesSan Francisco, CAPrivate$415M-$15B36.1x
ZongmuChinaShanghaiPrivate--$11B-
TopicusNetherlandsNetherlandsPublicly listed$1.8B$393M$5.4B3.0x
Hong Jing DriveChinaHangzhouPrivate--$4.3B-

Meiliche Public Comps

Meiliche is still privately-owned, but its public comps include Bajaj Finance, Autodesk, Constellation Software, Dassault Systemes, Tata Capital, Mitsubishi HC Capital, Muthoot Finance, Aditya Birla Capital, Mobility Global and Chailease Holding.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Bajaj Finance$5.2B$2.7B19.8x16.6x37.3x29.7x
Autodesk$7.2B$1.8B6.3x5.7x25.6x14.1x
Constellation Software$12B$2.5B4.0x3.5x18.5x12.9x
Dassault Systemes$7.2B$2.2B4.0x4.0x13.2x11.2x
Tata Capital$3.1B$759M12.2x20.8x49.8x-
Mitsubishi HC Capital$14B$4.2B5.0x5.0x17.2x20.9x
Muthoot Finance$2.1B$1.4B12.3x13.5x19.1x18.4x
Aditya Birla Capital$4.8B$1.8B6.2x29.8x16.5x40.5x

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Common questions about Meiliche

When was Meiliche founded?Meiliche was founded in 2014.
Where is Meiliche headquartered?Meiliche is headquartered in Beijing, China.
Is Meiliche publicly listed?No, Meiliche is a private, VC-backed company.
How much funding has Meiliche raised?Meiliche has raised $195M across 3 funding rounds.
What was Meiliche's last funding round?Meiliche's last funding round was a $38M Series B in April 2018.
Who are Meiliche's investors?Meiliche's investors include Wacai.com, GX Capital, Harmony Riverside, New Hope Corp, CE Innovation Capital, BAI capital, Delta Capital and Taihe Capital.
Which companies are comparable to Meiliche?Companies comparable to Meiliche include Constellation Software, Dassault Systemes, Applied Intuition, Zongmu, Topicus and Hong Jing Drive.

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