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- MydreamPlus
MydreamPlus Funding, Investors & Competitors
MydreamPlus has raised $188M across 3 funding rounds, most recently a $120M Series C in August 2018.
Last MydreamPlus funding round
$120M
Series C · Aug 2018
Cumulative funding MydreamPlus raised
$188M
across 3 funding rounds
Key investors in MydreamPlus
Joy Capital
K2VC
M31 Capital
Ocean Link
Hillhouse Investment
General Atlantic
Wecash
About MydreamPlus
MyDreamPlus is a Beijing-headquartered coworking space operator founded in May 2015. It runs over 20 locations in Beijing, Chengdu, Shanghai, and other major Chinese cities. The company delivers smart office management through smartphone apps for door access, meeting room bookings, WiFi sharing, and furniture design. Community operations serve more than 300 enterprises, with 90 percent established firms such as COFCO, TAL Education Group, Airbnb, and VIPKID.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
MydreamPlus Funding History
MydreamPlus has raised a total of $188M across 3 funding rounds.
MydreamPlus' first fundraising round was a $20M Series B in May 2017. The most recent completed round was a $120M Series C in August 2018.
MydreamPlus funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2018 | Series C | General Atlantic (lead); Hillhouse Investment (lead); Joy Capital; K2VC; Ocean Link; M31 Capital | $120M | MyDreamPlus is a Beijing-based Chinese co-working space operator, often described as a competitor to WeWork in China. On August 13, 2018, it secured a US$120 million Series C funding round led by Hillhouse Capital and General Atlantic, with participation from other investors including Joy Capital, K2VC, M31 Capital, and Ocean Link. The funding supports its operations as a smart co-working provider targeting startups, small businesses, and self-employed individuals amid growing demand for shared workspaces in China. MyDreamPlus operates in the real estate industry as a privately-held company headquartered in Beijing. The co-working sector in China saw rapid expansion in 2018, with multiple operators raising funds, including Ucommune achieving positive cash flow from property management and 2.5 times co-working service income growth in H1 2018 compared to 2017, operating over 160 locations globally. |
| Mar 2018 | Series B | Ocean Link (lead); Joy Capital; M31 Capital | $48M | MyDreamPlus (also known as DreamPlus) is a Beijing-based provider of workspace services, offering technological working environments, space-design integration, smart office management, and community operations for corporations of various sizes. Founded in 2015, it operates in the coworking sector, competing with companies like Ucommune, WeWork China, Bee+, Fabrie, and 5Lmeet. The company has raised a total of approximately $193M across multiple rounds, reaching Series C stage and remaining active as of recent data. The specified funding round around March 27, 2018, matches a Series B where MyDreamPlus raised RMB300 million (approximately $47.5M), led by Ocean Link with participation from M31 Capital (M31 Management Fund of Giant Network) and Joy Capital. This is corroborated by a later Series C announcement noting the Series B completion just four months prior. Subsequently, in August 2018, MyDreamPlus secured a $120M Series C round led by Hillhouse Capital and General Atlantic, with continued participation from Ocean Link, Joy Capital, and M31 Capital. The company has filed patents related to blockchain technology, including systems for blockchains with serial proof of work. |
| May 2017 | Series B | Joy Capital (lead); Wecash; K2VC | $20M | MyDreamPlus is a Beijing-based flexible office and co-working space provider operating in China's shared workspace market. In a Series B round around May 2017, it raised $20 million led by Joy Capital, with participation from K2VC and Wecash, reaching 16 locations in Beijing at that time. This funding positioned it amid competition from players like URWork and 5LMeet, which secured larger RMB 400 million rounds valuing their combined portfolio at RMB 12 billion ($1.75 billion). Later, in 2018, MyDreamPlus raised $120 million in a Series C round co-led by Hillhouse Capital and General Atlantic. |
Who has invested in MydreamPlus?
7 investors have backed MydreamPlus across its funding rounds, including Joy Capital, K2VC, M31 Capital, Ocean Link, Hillhouse Investment and General Atlantic.
Lead investors include General Atlantic, Hillhouse Investment, Ocean Link and Joy Capital.
MydreamPlus Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | May 2017 | ||
| 2 | Participant | May 2017 | ||
| 2 | Lead | Mar 2018 | ||
| 2 | Participant | Mar 2018 | ||
| 1 | Participant | May 2017 | ||
This data is available for Pro users. Sign up to see all 7 MydreamPlus 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 TrialMydreamPlus Competitors
MydreamPlus competitors include listed companies like WillScot, IWG, BOE and Samsara, and private ones like UNISOC and Verkada.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $2.3B | $606M | $3.3B | 3.1x | ||
| Publicly listed | $3.8B | $487M | $2.2B | 2.5x | ||
| Publicly listed | $31B | $7B | $32B | 1.6x | ||
| Publicly listed | $1.6B | ($29M) | $23B | 12.0x | ||
| Private | - | - | $9.1B | - | ||
| Private | - | - | $5.8B | - |
MydreamPlus Public Comps
MydreamPlus is still privately-owned, but its public comps include Johnson Controls, CBRE, BOE, Samsara, Lite-On Technology, Sharetronic, Sumitomo Realty & Development, Advantech, KE Holdings and Swire Properties.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $24B | $3B | 4.0x | 3.7x | 31.0x | 20.0x | |||
| $41B | $2.5B | 1.2x | 1.1x | 19.8x | 13.6x | |||
| $31B | $7B | 1.7x | 1.6x | 7.5x | 7.3x | |||
| $1.6B | ($29M) | 14.0x | 12.0x | (794.5x) | 55.7x | |||
| $5.2B | $700M | 3.6x | 2.9x | 26.5x | 19.7x | |||
| $1.8B | $325M | 12.2x | - | 68.8x | - | |||
| $6.8B | $2.6B | 6.5x | 6.6x | 17.0x | 18.0x | |||
| $2.2B | $428M | 8.2x | 6.1x | 42.5x | 30.4x | |||
This data is available for Pro users. Sign up to see all MydreamPlus competitors and their valuation data. Start Free Trial | ||||||||
Common questions about MydreamPlus
| When was MydreamPlus founded? | MydreamPlus was founded in 2015. |
| Where is MydreamPlus headquartered? | MydreamPlus is headquartered in Beijing, China. |
| Is MydreamPlus publicly listed? | No, MydreamPlus is a private, VC-backed company. |
| How much funding has MydreamPlus raised? | MydreamPlus has raised $188M across 3 funding rounds. |
| What was MydreamPlus' last funding round? | MydreamPlus' last funding round was a $120M Series C in August 2018, led by General Atlantic and Hillhouse Investment. |
| Who are MydreamPlus' investors? | MydreamPlus' investors include Joy Capital, K2VC, Ocean Link, M31 Capital, Wecash, Hillhouse Investment and General Atlantic. |
| Which companies are comparable to MydreamPlus? | Companies comparable to MydreamPlus include WillScot, IWG, BOE, Samsara, UNISOC and Verkada. |
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