Orvibo Funding, Investors & Competitors

Orvibo has raised $207M across 5 funding rounds, most recently a $157M undisclosed-stage round in January 2022.

Last Orvibo funding round

$157M

Undisclosed stage · Jan 2022

Cumulative funding Orvibo raised

$207M

across 5 funding rounds

Key investors in Orvibo

  • SAIF Partners
  • Legend Star
  • Comet Labs
  • Huasheng Capital
  • Red Star Macalline Group
  • Midea Group
  • Topband

Orvibo Overview

About Orvibo

Orvibo is a Shenzhen-based smart home company producing Zigbee-enabled devices including smart gateways, lights, switches, curtains, and visual doorbells integrated with cloud platforms. The product lineup supports TCP/IP protocols for remote control via mobile apps and connects thousands of IoT terminals. Orvibo supplies components to appliance makers and partners with chipmakers Marvell, Texas Instruments, and STMicroelectronics for security and lighting solutions. Founded in 2012, it operates factories in China serving global markets.


Founded

2011

HQ

ChinaShenzhen

Website

orvibo.com

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Orvibo Funding History

Orvibo has raised a total of $207M across 5 funding rounds.

Orvibo's first fundraising round was a $2M Series A in March 2014. The most recent completed round was a $157M undisclosed-stage round in January 2022.

Orvibo funding rounds

Orvibo funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2022Undisclosed stageHuasheng Capital$157MOrvibo operates in the smart home sector. Orvibo received $157.7M in funding involving Huasheng Capital (also listed as Fusen-Noble House), Pingxiang State-owned Assets, Sophia Home Furnishing, Tencent, and undisclosed investors.
May 2019Series CSAIF Partners; Red Star Macalline Group; Midea Group; Legend Star$19M-
Oct 2016Series BTopband (lead)$16MOrvibo, a Chinese smart home solutions provider, raised $16 million (RMB110 million) in a Series B funding round on October 28, 2016, led by Shenzhen-listed Topband. This round is part of Orvibo's overall funding history, which totals $205.35M across 7 rounds as of the latest data.
Feb 2015Series ALegend Star (lead); Comet Labs$13MOrvibo, a China-based smart home technology supplier founded in 2011, manufactures connected household appliances such as light switches, plug sockets, and door locking systems. The company closed a $12.6 million series A-plus round in 2015 with investors including Legend Star, an early-stage fund of Legend Holdings, MediaTek, and Tiger Cub Equity Investment Fund. This followed a series A round in 2014 with approximately $1.5 million from SAIF Partners. Orvibo continued fundraising with a $16 million series B in 2016 led by Shenzhen Topband and backed by SAIF Partners, followed by a series C round of RMB 130 million ($18.8 million) in 2019 co-led by Midea Real Estate and Red Star Macalline, bringing total funding to nearly $48 million at that point. The company serves individual consumers and corporate clients including hotels and real estate developers like CIFI Group, Country Garden, and China Merchants Property, with products in over 100 residential complexes.
Mar 2014Series ASAIF Partners (lead)$2M-

Who has invested in Orvibo?

7 investors have backed Orvibo across its funding rounds, including SAIF Partners, Legend Star, Comet Labs, Huasheng Capital, Red Star Macalline Group and Midea Group.

Lead investors include Topband, Legend Star and SAIF Partners.


Orvibo Investors

Investors in Orvibo by funding rounds participated
InvestorHQRoundsRoleFirst check
SAIF PartnersHong KongHong Kong2LeadMar 2014
Legend StarChinaBeijing2LeadFeb 2015
Red Star Macalline GroupChinaShanghai1ParticipantMay 2019
Huasheng CapitalChinaShanghai1ParticipantJan 2022
Comet LabsUnited StatesSan Francisco, CA1ParticipantFeb 2015

This data is available for Pro users. Sign up to see all 7 Orvibo 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 Trial

Orvibo Competitors

Orvibo competitors include listed companies like Lite-On Technology, Shenzhen Sunway and EZVIZ Network, and private ones like Smarter, Lanmi and Perfumeo.

Public and private companies comparable to Orvibo
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Lite-On TechnologyTaiwanTaiwanPublicly listed$5.2B$700M$20B2.9x
Shenzhen SunwayChinaChinaPublicly listed$1.3B$230M$8.3B5.7x
EZVIZ NetworkChinaChinaPublicly listed$880M$103M$3.3B2.8x
SmarterUnited KingdomLondonPrivate--$1.2B-
LanmiChinaDongguanPrivate--$716M-
PerfumeoUnited StatesSan Jose, CAPrivate--$450M-

Orvibo Public Comps

Orvibo is still privately-owned, but its public comps include Apple, Samsung, Dell, Sony, Xiaomi, Johnson Controls, Panasonic, Nintendo, Lenovo and Garmin.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Apple$416B$144B11.9x10.4x34.2x29.4x
Samsung$243B$67B4.4x2.4x15.8x4.4x
Dell$114B$12B3.5x2.4x34.3x20.1x
Sony$80B$17B1.8x1.7x8.5x8.9x
Xiaomi$68B$8.4B1.1x1.1x8.7x13.8x
Johnson Controls$24B$3B4.0x3.7x31.0x20.0x
Panasonic$52B$1.5B1.3x1.4x45.5x13.0x
Nintendo$15B$3.5B3.3x3.3x14.0x18.1x

This data is available for Pro users. Sign up to see all Orvibo competitors and their valuation data.

Start Free Trial

Common questions about Orvibo

When was Orvibo founded?Orvibo was founded in 2011.
Where is Orvibo headquartered?Orvibo is headquartered in Shenzhen, China.
Is Orvibo publicly listed?No, Orvibo is a private, VC-backed company.
How much funding has Orvibo raised?Orvibo has raised $207M across 5 funding rounds.
What was Orvibo's last funding round?Orvibo's last funding round was a $157M undisclosed-stage round in January 2022.
Who are Orvibo's investors?Orvibo's investors include SAIF Partners, Legend Star, Red Star Macalline Group, Huasheng Capital, Comet Labs, Topband and Midea Group.
Which companies are comparable to Orvibo?Companies comparable to Orvibo include Lite-On Technology, Shenzhen Sunway, EZVIZ Network, Smarter, Lanmi and Perfumeo.

See companies similar to Orvibo

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial