Momo Funding, Investors & Competitors

Momo has raised $317M across 3 funding rounds, most recently a $60M undisclosed-stage round in November 2014.

See full Momo profile

Last Momo funding round

$60M

Undisclosed stage · Nov 2014

Cumulative funding Momo raised

$317M

across 3 funding rounds

Key investors in Momo

  • Alibaba Group
  • Tiger Global
  • HSG
  • Matrix Partners China
  • DST Global
  • YF Capital

Momo Overview

About Momo

Momo is a Beijing-headquartered social networking platform launched in 2011 that connects users through location-based instant messaging. The app supports text chats, voice notes, photo sharing, and group discussions for nearby individuals. Evolving into a leading live-streaming service provider in China, it hosts entertainment content including virtual gifting and celebrity broadcasts. Listed on NASDAQ under ticker MOMO, the company operates Momo and HEXO platforms serving the domestic market. Its infrastructure handles massive daily interactions across mobile devices in major cities like Shanghai and Guangzhou.


Founded

2011

HQ

ChinaBeijing

Website

immomo.com

Status

Privately held

Customer focus

B2C

Revenue model

Advertising, Product sales

Momo Funding History

Momo has raised a total of $317M across 3 funding rounds.

Momo's first fundraising round was a $45M Series C in October 2013. The most recent completed round was a $60M undisclosed-stage round in November 2014.

Momo funding rounds

Momo funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2014Undisclosed stageAlibaba Group (lead)$60MMomo Inc. is a Chinese mobile-based social networking platform. Alibaba Group Holding Limited made multiple investments in the company over time, with an initial 20% stake acquired in November 2012 at an implied valuation of $100 million. In December 2014, Momo completed its initial public offering on NASDAQ, raising $216 million by offering 16 million ADSs at $13.50 per share. Concurrent with the IPO, Alibaba Group invested an additional $50 million in a private placement, purchasing 7,407,407 Class A ordinary shares at the IPO price, which increased Alibaba's total equity interest to 20.8%. Following its public debut on December 11, 2014, Momo's shares surged 26% to $17.02, and 58.com Inc. also made a concurrent $10 million investment in the company.
Apr 2014Series DHSG (lead); YF Capital (lead); Tiger Global$212MHello Group Inc. (NASDAQ: MOMO), formerly known as Momo, is a China-based social networking platform focused on live streaming, short video, and social discovery services. The company operates primarily through its Momo app, connecting users for friendships, entertainment, and value-added services. For traction near the 2014 round date, Momo reported full-year revenue of $51.30 million USD in 2014, a 1,300.77% increase from $3.66 million in 2013, reflecting explosive early growth in user monetization through virtual gifts and other services. This positioned Momo as a leader in China's mobile social space amid rising smartphone penetration. The company went public in December 2014 on NASDAQ, transitioning from VC funding, with subsequent revenue scaling dramatically to $146.56 million in 2015 and beyond.
Oct 2013Series CMatrix Partners China; Alibaba Group; DST Global$45M-

Who has invested in Momo?

6 investors have backed Momo across its funding rounds, including Alibaba Group, Tiger Global, HSG, Matrix Partners China, DST Global and YF Capital.

Lead investors include Alibaba Group, HSG and YF Capital.


Momo Investors

Investors in Momo by funding rounds participated
InvestorHQRoundsRoleFirst check
Alibaba GroupChinaHangzhou2LeadOct 2013
Matrix Partners ChinaChinaBeijing1ParticipantOct 2013
YF CapitalChinaShanghai1LeadApr 2014
Tiger GlobalUnited StatesNew York City, NY1ParticipantApr 2014

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Momo

Momo has acquired 1 company to date.

Last acquisition by Momo was on February 23rd 2018. Momo acquired Tantan for $790M.


Latest Acquisitions by Momo

Tantan
Description
Tantan is a Beijing-headquartered mobile dating app operating primarily in China. The geolocation-based platform matches users via swiping on profiles and supports text, voice, and video group chats to facilitate real-life meetings. Owned by Hello Inc. since 2018, Tantan targets young adults with features like live streaming and virtual gifts. Launched in 2015, it integrates social discovery tools similar to Tinder for urban millennials.
HQ CountryChina
HQ City
Beijing
Deal Date23 Feb 2018
Valuation$790M
EV/Revenue
EV/EBITDA

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Investments by Momo

Momo has invested in 3 companies to date.

Latest investment by Momo was on May 16th 2022. Momo invested in INMO Glass in their $10M Series A round.


Latest Investments by Momo

INMO Glass
Heer Keji
Zya
Description
INMO Glass is a developer of foldable monocular augmented reality glasses such as the INMO Air2 model equipped with 1080p Micro-OLED displays and binocular 6DoF spatial tracking. Shenzhen-headquartered, the company delivers lightweight wearable devices under 80 grams that support navigation overlays, gaming, and video streaming directly from the glasses. INMO Glass integrates waveguide optics for a 45-degree field of view and pairs its hardware with the INMO One app for gesture controls and content management across iOS and Android platforms. The firm expanded its product line to include the Air Glass Pro for enterprise applications like remote collaboration in manufacturing sectors.
Heer Keji is a Tianjin-headquartered developer of a social media platform centered on video content publishing and a provider of information technology solutions including technical consulting services for businesses in China.
Zya is a Los Angeles-based developer of AI technologies for music creation and interaction. The company combines expertise from music professionals and engineers to transform user engagement with musical content.
HQ CountryChinaChinaUnited States
HQ City
Shenzhen
Tianjin
Los Angeles, CA
Deal Date16 May 20227 Mar 201629 Jun 2015
RoundSeries AAngelSeed
Raised$10M$500K$800K
Investors--Shea Ventures; 500 Global
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Momo Competitors

Momo competitors include listed companies like Kakao, Match Group and Life360, and private ones like ByteDance, Telegram and Kakao Japan.

Public and private companies comparable to Momo
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ByteDanceChinaBeijingPrivate$186B-$480B2.6x
TelegramUAEDubaiPrivate--$30B-
KakaoSouth KoreaSouth KoreaPublicly listed$5.9B$1.1B$11B0.9x
Match GroupUnited StatesUnited StatesPublicly listed$3.5B$939M$10B3.7x
Kakao JapanJapanTokyoPrivate--$7.3B-
Life360United StatesUnited StatesPublicly listed$489M$32M$3.3B5.0x

Momo Public Comps

Momo is still privately-owned, but its public comps include Meta, Tencent, Reddit, Bending Spoons, LY Corporation, NAVER, Kuaishou, Kakao, Pinterest and Match Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Meta$201B$104B8.8x7.4x17.0x12.7x
Tencent$112B$51B4.5x4.2x9.9x9.9x
Reddit$2.2B$545M12.1x8.7x48.9x20.1x
Bending Spoons$2.6B$520M11.0x-54.9x-
LY Corporation$13B$3B2.8x2.6x11.9x10.3x
NAVER$8.8B$2.2B2.3x2.1x9.0x9.3x
Kuaishou$21B$4.1B0.7x0.7x3.4x4.5x
Kakao$5.9B$1.1B0.9x0.9x4.8x4.1x

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Common questions about Momo

When was Momo founded?Momo was founded in 2011.
Where is Momo headquartered?Momo is headquartered in Beijing, China.
Is Momo publicly listed?No, Momo is a private, VC-backed company.
How much funding has Momo raised?Momo has raised $317M across 3 funding rounds.
What was Momo's last funding round?Momo's last funding round was a $60M undisclosed-stage round in November 2014, led by Alibaba Group.
Who are Momo's investors?Momo's investors include Alibaba Group, Matrix Partners China, YF Capital, Tiger Global, DST Global and HSG.
Which companies are comparable to Momo?Companies comparable to Momo include ByteDance, Telegram, Kakao, Match Group, Kakao Japan and Life360.
How many companies has Momo acquired?Momo has acquired 1 company, including Tantan.
What was the largest acquisition by Momo?The $790M acquisition of Tantan in February 2018 is the largest acquisition Momo has made to date.
How many companies has Momo invested in?Momo has invested in 3 companies, including INMO Glass, Heer Keji and Zya.
What was Momo's last investment?In May 2022, Momo invested in INMO Glass' $10M Series A.

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