- Companies
- Panshi
Panshi Valuation, Funding & Investors
Panshi is valued at $1.5B as of October 2018.
Last Panshi valuation
$1.5B
Series D · Oct 2018
Last Panshi funding round
$325M
Series D · Oct 2018
Cumulative funding Panshi raised
$635M
across 3 funding rounds
Key investors in Panshi
WI Harper Group
NewMargin Ventures
Cybernaut Venture Capital
Kunwu Jiuding Inv Hldgs
CCB Trust
1QBank
About Panshi
Panshi is a Hangzhou-based online and mobile advertising technology company operating in China's adtech sector. The company reached unicorn status with a valuation of $1 billion, ranking among peers such as InMobi in the mobile advertising space.
Founded
2004
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.5B (Oct 2018)
Sectors
Panshi Valuation
Panshi is currently valued at $1.5B, based on its Series D in October 2018.
The $325M round was led by Cybernaut Venture Capital, with participation from CCB Trust and 1QBank.
Panshi's valuation has grown 1.5x from $1B at its Series B in May 2015 to $1.5B in October 2018, across 3 priced rounds.
Panshi valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2018 | Series D | $1.5B |
| Dec 2016 | Series C | $1B |
| May 2015 | Series B | $1B |
Panshi Funding History
Panshi has raised a total of $635M across 3 funding rounds.
Panshi's first fundraising round was a $200M Series B in May 2015. The most recent completed round was a $325M Series D in October 2018.
Panshi funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2018 | Series D | Cybernaut Venture Capital (lead); CCB Trust; 1QBank | $325M | $1.5B | Panshi is a Chinese online and mobile advertising firm based in Hangzhou that raised RMB2.25 billion (US$320 million) in its Series D funding round on or around October 17, 2018, led by Cybernaut Venture Capital, with participation from 1QBank and CCB Trust. Cybernaut Investment Group (associated with Cybernaut Venture Capital) was highlighted as a key participant in this significant financing for the mobile ad tech company. |
| Dec 2016 | Series C | - | $110M | $1B | Panshi is a Chinese adtech company that achieved unicorn status with a $1 billion valuation as part of a funding round dated 5/5/2015 according to a 2017 unicorn list. The company is listed alongside other adtech unicorns like InMobi. |
| May 2015 | Series B | NewMargin Ventures (lead); Kunwu Jiuding Inv Hldgs; WI Harper Group | $200M | $1B | - |
Who has invested in Panshi?
6 investors have backed Panshi across its funding rounds, including WI Harper Group, NewMargin Ventures, Cybernaut Venture Capital, Kunwu Jiuding Inv Hldgs, CCB Trust and 1QBank.
Lead investors include Cybernaut Venture Capital and NewMargin Ventures.
Panshi Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | May 2015 | ||
| 1 | Lead | Oct 2018 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Participant | Oct 2018 | ||
This data is available for Pro users. Sign up to see all 6 Panshi 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 TrialPanshi Competitors
Panshi competitors include listed companies like SUNeVision, POET Technologies, Cordiant Digital Infrastructure and VNET Group, and private ones like NextSilicon and d-Matrix.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.5B | - | ||
| Publicly listed | $374M | $266M | $1.6B | 8.9x | ||
| Publicly listed | $1M | ($60M) | $1.3B | 106.5x | ||
| Publicly listed | $221M | - | $1.3B | 6.5x | ||
| Publicly listed | $1.5B | $463M | $1.7B | 3.7x | ||
| Private | - | - | $2B | - |
Panshi Public Comps
Panshi is still privately-owned, but its public comps include SUNeVision, POET Technologies, Cordiant Digital Infrastructure, VNET Group, Beijing Topnew Info, Pakistan Telecom, Entel, Quantum Computing Inc., Macquarie Technology Group and SharonAI.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $374M | $266M | 9.8x | 8.9x | 13.7x | 12.1x | |||
| $1M | ($60M) | 475.5x | 106.5x | (8.6x) | - | |||
| $221M | - | 6.9x | 6.5x | - | - | |||
| $1.5B | $463M | 4.1x | 3.7x | 13.2x | 11.8x | |||
| $39M | ($4M) | 29.7x | - | (325.1x) | - | |||
| $906M | $268M | 2.6x | - | 8.9x | - | |||
| $3.1B | $719M | 1.1x | 1.0x | 4.7x | 3.6x | |||
| $682K | ($34M) | 1433.0x | 48.0x | (28.4x) | (15.8x) | |||
This data is available for Pro users. Sign up to see all Panshi competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Panshi
| When was Panshi founded? | Panshi was founded in 2004. |
| Where is Panshi headquartered? | Panshi is headquartered in China. |
| Is Panshi publicly listed? | No, Panshi is a private, VC-backed company. |
| What is Panshi's valuation? | Panshi was last valued at $1.5B in its Series D in October 2018. |
| How much funding has Panshi raised? | Panshi has raised $635M across 3 funding rounds. |
| What was Panshi's last funding round? | Panshi's last funding round was a $325M Series D in October 2018, led by Cybernaut Venture Capital. |
| Who are Panshi's investors? | Panshi's investors include NewMargin Ventures, Cybernaut Venture Capital, CCB Trust, 1QBank, Kunwu Jiuding Inv Hldgs and WI Harper Group. |
| Which companies are comparable to Panshi? | Companies comparable to Panshi include NextSilicon, SUNeVision, POET Technologies, Cordiant Digital Infrastructure, VNET Group and d-Matrix. |
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