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- Qianhai Yueshi Information Technology
Qianhai Yueshi Information Technology Funding, Investors & Competitors
Qianhai Yueshi Information Technology has raised $148M across 2 funding rounds, most recently a $86M Series B in July 2023.
Last Qianhai Yueshi Information Technology funding round
$86M
Series B · Jul 2023
Cumulative funding Qianhai Yueshi Information Technology raised
$148M
across 2 funding rounds
Key investors in Qianhai Yueshi Information Technology
QF Capital
Haiyuan Capital
VenturesLab
Kingdom
SZHTI Group
Tahua Ziben
Venture Workshop
Changhe Capital
Qianhai Yueshi Information Technology Overview
About Qianhai Yueshi Information Technology
Qianhai Yueshi Information Technology is a Shenzhen-headquartered provider of vertical services in China's cold chain industry through an artificial intelligence-powered supply chain management platform that enhances operational efficiency. The company secured 390 million RMB in Series A financing from investors including Venture Workshop, Qifu Capital, Zijingang Investment, Wanxing Venture Capital, Jinzheng Shares, Changhe Capital, Tuohua Capital, and Chuanwazi founder Tang Lei, with Extreme Capital as financial advisor.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Qianhai Yueshi Information Technology Funding History
Qianhai Yueshi Information Technology has raised a total of $148M across 2 funding rounds.
Qianhai Yueshi Information Technology's first fundraising round was a $61M Series A in December 2021. The most recent completed round was a $86M Series B in July 2023.
Qianhai Yueshi Information Technology funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2023 | Series B | COFCO Capital Holdings (lead); Wanxing Venture capital; Kingdom; SZHTI Group; Haiyuan Capital; VenturesLab; QF Capital | $86M | Shenzhen Qianhai Yueshi Information Technology Co., Ltd. is a digital agricultural cold chain platform providing AI-powered solutions for cold storage supply chain management, IoT systems, and related software services. The company, founded in 2017 and headquartered in Shenzhen, specializes in developing management systems for cold storage parks and serves industrial enterprises and B2B e-commerce platforms. In July 2023, Qianhai Yueshi completed a Series B financing round raising CNY 620 million (approximately $85.8 million USD according to DealStreetAsia, or $87.1 million USD and $95.7 million USD per other sources citing exchange rates from that period). The round was led by COFCO Capital (Hong Kong), an investment arm of Chinese food manufacturer COFCO Group, with participation from Shenzhen HTI Group, QF Capital, Kingdom/Jinzheng Corporation, VenturesLab, Zijingang Investment, Wanxing Venture Capital, and other investors. According to the company's stated use of proceeds, the funding was allocated to research and development of digital cold chain technology, upgrading cold chain industry infrastructure, and expanding into overseas markets. The company subsequently went public, with an IPO prospectus (filed in 2026) revealing revenues of RMB 1.254 billion in 2023, RMB 2.994 billion in 2024, and RMB 3.994 billion in the nine months ended September 30, 2025, alongside progression to profitability with adjusted net profit of RMB 29.7 million in 2024 and RMB 50.9 million in the first nine months of 2025. |
| Dec 2021 | Series A | Kingdom; Venture Workshop; Tang Lei; Changhe Capital; Tahua Ziben; Haiyuan Capital; VenturesLab; QF Capital | $61M | Shenzhen Qianhai Yueshi Information Technology Co., Ltd. (Qianhai Yueshi) completed a Series A funding round of CNY 390 million on December 16, 2021, with investors including Shenzhen QF Capital Management Co., Ltd., Shenzhen Tuohua Capital Co., Ltd. (Tahua Ziben), VenturesLab, Shenzhen Kingdom Sci-Tech Co., Ltd. (Kingdom), Venture Workshop, Changhe Capital, and individual investor Tang Lei, among others. The company, founded in 2017 and based in Shenzhen, China, specializes in cold chain industry services, providing cold storage software, IoT cold storage management systems, and related solutions such as warehousing and traceability systems for industrial enterprises and B2B e-commerce platforms. Later developments include a Series B round of CNY 620 million (approximately USD 87.14 million) announced in July 2023, led by COFCO Capital (Hong Kong), with participation from Shenzhen HTI Group Co., Ltd. and Wanxing Venture Capital (Bay兴创投), aimed at advancing digital cold chain technology, industry upgrades, and overseas expansion. Qianhai Yueshi positions itself as a heavy vertical service provider in China's cold chain sector, building an AI-driven cold chain supply chain management platform. More recent financials from a 2026 HKEX prospectus filing for Shenzhen Yueshi Digital Intelligence Co., Ltd. (likely a rebranded or related entity) show significant growth post-2021: revenue of RMB 1,254.1 million in 2023, RMB 2,980.6 million in 2024 (137.7% growth), and RMB 3,994.1 million for the nine months ended September 30, 2025 (vs. RMB 1,843.2 million prior year period), with adjusted net profit improving to RMB 50.9 million for the nine months ended September 30, 2025. |
Who has invested in Qianhai Yueshi Information Technology?
11 investors have backed Qianhai Yueshi Information Technology across its funding rounds, including QF Capital, Haiyuan Capital, VenturesLab, Kingdom, SZHTI Group and Tahua Ziben.
Lead investors include COFCO Capital Holdings.
Qianhai Yueshi Information Technology Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Dec 2021 | ||
| 2 | Participant | Dec 2021 | ||
| 2 | Participant | Dec 2021 | ||
| 2 | Participant | Dec 2021 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Lead | Jul 2023 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Participant | Dec 2021 | ||
This data is available for Pro users. Sign up to see all 11 Qianhai Yueshi Information Technology 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 TrialInvestments by Qianhai Yueshi Information Technology
Qianhai Yueshi Information Technology has invested in 1 company to date.
Latest investment by Qianhai Yueshi Information Technology was on January 1st 2022. Qianhai Yueshi Information Technology invested in IC Valley Microelectronics in their $63M Series C round.
Latest Investments by Qianhai Yueshi Information Technology
| Description | IC Valley Microelectronics is a Hsinchu-based developer of microwave and millimeter-wave MMICs. It produces GaAs and GaN chips for radar, 5G base stations, and satellite communications serving device makers in telecom and defense. |
| HQ Country | |
| HQ City | Hefei |
| Deal Date | 1 Jan 2022 |
| Round | Series C |
| Raised | $63M |
| Investors | Xingtai Capital Management; October Capital; Hongbo Capital; GF Qianhe Investment; Qianhai Qinquan; Qingcheng Capital |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Qianhai Yueshi Information Technology investments and their VC round multiples. Start Free Trial | |
Qianhai Yueshi Information Technology Competitors
Qianhai Yueshi Information Technology competitors include listed companies like Manhattan Associates, Descartes Systems Group and Ingram Micro, and private ones like Meicai, RELEX Solutions and Workato.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.1B | $288M | $12B | 10.6x | ||
| Private | - | - | $7B | - | ||
| Publicly listed | $729M | $305M | $6.8B | 8.1x | ||
| Publicly listed | $53B | $1.1B | $6.3B | 0.2x | ||
| Private | - | - | $5.8B | - | ||
| Private | $30M | - | $5.7B | 190.0x |
Qianhai Yueshi Information Technology Public Comps
Qianhai Yueshi Information Technology is still privately-owned, but its public comps include Manhattan Associates, Descartes Systems Group, Ingram Micro, HopeRun, Wuchan Zhongda Group Co, Kinaxis, SPS Commerce, Xiamen Xiangyu Co, GigaCloud Technology and Infomart.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.1B | $288M | 11.2x | 10.6x | 42.2x | 29.7x | |||
| $729M | $305M | 8.8x | 8.1x | 21.1x | 17.7x | |||
| $53B | $1.1B | 0.2x | 0.2x | 8.7x | 6.6x | |||
| $594M | $42M | 7.1x | 6.4x | 100.0x | - | |||
| $89B | $1.5B | 0.1x | 0.1x | 8.5x | 7.3x | |||
| $548M | $102M | 5.9x | 5.3x | 31.7x | 20.3x | |||
| $752M | $182M | 3.6x | 3.5x | 15.0x | 10.6x | |||
| $61B | $523M | 0.1x | 0.1x | 13.8x | 10.4x | |||
This data is available for Pro users. Sign up to see all Qianhai Yueshi Information Technology competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Qianhai Yueshi Information Technology
| When was Qianhai Yueshi Information Technology founded? | Qianhai Yueshi Information Technology was founded in 2017. |
| Where is Qianhai Yueshi Information Technology headquartered? | Qianhai Yueshi Information Technology is headquartered in Shenzhen, China. |
| Is Qianhai Yueshi Information Technology publicly listed? | No, Qianhai Yueshi Information Technology is a private, VC-backed company. |
| How much funding has Qianhai Yueshi Information Technology raised? | Qianhai Yueshi Information Technology has raised $148M across 2 funding rounds. |
| What was Qianhai Yueshi Information Technology's last funding round? | Qianhai Yueshi Information Technology's last funding round was a $86M Series B in July 2023, led by COFCO Capital Holdings. |
| Who are Qianhai Yueshi Information Technology's investors? | Qianhai Yueshi Information Technology's investors include Kingdom, Haiyuan Capital, VenturesLab, QF Capital, Wanxing Venture capital, COFCO Capital Holdings, Venture Workshop, SZHTI Group, Tang Lei, Changhe Capital and 1 other. |
| Which companies are comparable to Qianhai Yueshi Information Technology? | Companies comparable to Qianhai Yueshi Information Technology include Manhattan Associates, Meicai, Descartes Systems Group, Ingram Micro, RELEX Solutions and Workato. |
| How many companies has Qianhai Yueshi Information Technology invested in? | Qianhai Yueshi Information Technology has invested in 1 company, including IC Valley Microelectronics. |
| What was Qianhai Yueshi Information Technology's last investment? | In January 2022, Qianhai Yueshi Information Technology invested in IC Valley Microelectronics' $63M Series C alongside Xingtai Capital Management, October Capital, Hongbo Capital and 3 other investors. |
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