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

Panshi Overview

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

ChinaChina

Website

adyun.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1.5B (Oct 2018)

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

Panshi valuation by funding round
DateStageValuation
Oct 2018Series D$1.5B
Dec 2016Series C$1B
May 2015Series 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

Panshi funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2018Series DCybernaut Venture Capital (lead); CCB Trust; 1QBank$325M$1.5BPanshi 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 2016Series C-$110M$1BPanshi 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 2015Series BNewMargin 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

Investors in Panshi by funding rounds participated
InvestorHQRoundsRoleFirst check
NewMargin VenturesChinaShanghai1LeadMay 2015
Cybernaut Venture CapitalChinaHangzhou1LeadOct 2018
CCB TrustChinaHefei1ParticipantOct 2018
1QBankUnited StatesUnited States1ParticipantOct 2018

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Panshi Competitors

Panshi competitors include listed companies like SUNeVision, POET Technologies, Cordiant Digital Infrastructure and VNET Group, and private ones like NextSilicon and d-Matrix.

Public and private companies comparable to Panshi
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
NextSiliconIsraelTel AvivPrivate--$1.5B-
SUNeVisionHong KongHong KongPublicly listed$374M$266M$1.6B8.9x
POET TechnologiesCanadaCanadaPublicly listed$1M($60M)$1.3B106.5x
Cordiant Digital InfrastructureUnited KingdomUnited KingdomPublicly listed$221M-$1.3B6.5x
VNET GroupChinaChinaPublicly listed$1.5B$463M$1.7B3.7x
d-MatrixUnited StatesSan Jose, CAPrivate--$2B-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SUNeVision$374M$266M9.8x8.9x13.7x12.1x
POET Technologies$1M($60M)475.5x106.5x(8.6x)-
Cordiant Digital Infrastructure$221M-6.9x6.5x--
VNET Group$1.5B$463M4.1x3.7x13.2x11.8x
Beijing Topnew Info$39M($4M)29.7x-(325.1x)-
Pakistan Telecom$906M$268M2.6x-8.9x-
Entel$3.1B$719M1.1x1.0x4.7x3.6x
Quantum Computing Inc.$682K($34M)1433.0x48.0x(28.4x)(15.8x)

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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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