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- Royole Corporation
Royole Corporation Valuation, Funding & Investors
Royole Corporation is valued at $3B as of November 2016.
Last Royole Corporation valuation
$3B
Series D · Nov 2016
Last Royole Corporation funding round
$240M
Series D · Sep 2017
Cumulative funding Royole Corporation raised
$492M
across 3 funding rounds
Key investors in Royole Corporation
Warmsun Holding Group
IDG Capital
Shenzhen Capital Group
Green Pine Capital Partners
Co-Stone Venture Capital
Hanfor (Beijing) Capital Management
About Royole Corporation
Royole Corporation is a Fremont, California-headquartered developer of flexible OLED displays, bendable sensors, and smart devices like the world's thinnest smartphone, the FlexPai. Its technology integrates into foldable phones, wearables, and automotive interiors, with production facilities in China.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Product sales
Valuation
$3B (Nov 2016)
Royole Corporation Valuation
Royole Corporation is currently valued at $3B, based on its Series D in November 2016.
The $80M round was led by Warmsun Holding Group.
Royole Corporation's valuation has moved from $3B at its Series C in August 2015 to $3B in November 2016, across 2 priced rounds.
Royole Corporation valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2016 | Series D | $3B |
| Aug 2015 | Series C | $3B |
Royole Corporation Funding History
Royole Corporation has raised a total of $492M across 3 funding rounds.
Royole Corporation's first fundraising round was a $172M Series C in August 2015. The most recent completed round was a $240M Series D in September 2017.
Royole Corporation funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2017 | Series D | Hanfor (Beijing) Capital Management; Tanshi Capital; Warmsun Holding Group; Shanghai Pudong Development Bank | $240M | - | Royole Corporation is a Chinese startup founded in 2012 specializing in ultra-thin, flexible full-color displays, including the world's thinnest 0.01mm bendable and rollable screen released in 2014. The company operates in Silicon Valley, Hong Kong, and Shenzhen, focusing on next-generation human-computer interaction technology, R&D, production, and sales of related electronics. In its Series D funding round, Royole raised $800M USD total, comprising $240M USD equity financing from Warmsun Holding Group, Hanfor Capital, Shanghai Pudong Development Bank, Tan Shi Capital Management, and Zhonghai Shengrong Capital, plus $560M USD debt from Citic Bank, ICBC, Agricultural Bank of China, Bank of China, and Ping An Bank. The funds aim to accelerate R&D, production, sales, and business growth. Earlier, a Series Pre-D round raised ~$80M with a $3B market valuation, highlighting rapid valuation growth in flexible OLED technology. Royole's investors included 33 entities overall, with this round featuring heavyweight Chinese financial institutions and capital groups controlled by figures like billionaire Forest Xie Zhikun. The company emphasized advancing flexible display innovations amid competition in the OLED industry. |
| Nov 2016 | Series D | Warmsun Holding Group (lead) | $80M | $3B | Royole Corporation develops rollable and flexible display technologies, including the world's thinnest full-color AMOLED flexible displays (0.01mm thick), flexible sensors, and products like the foldable Moon VR headset with over 3000ppi resolution. Founded in 2012, the company had raised around $280 million total prior to its pre-D round, including a $172m series C in August 2015 backed by IDG Capital. In November 2016, Royole received approximately $80m (sources vary: $74m or $80m) in series pre-D funding led by Warmsun Holding Group, achieving a post-money market valuation of approximately $3 billion USD, positioning it as one of the fastest-growing tech startups. This pre-D round was followed closely by a series D in late 2016 raising $800m USD ($240m equity from Warmsun, Hanfor Capital, others; $560m debt from major Chinese banks). Royole was investing heavily in production, with a $1.7B flexible display campus in Shenzhen under construction since Q4 2015, targeting over 50 million units annual capacity for applications in consumer electronics, smart homes, robotics, and more. The company holds over 1,200 intellectual property rights in core technologies. |
| Aug 2015 | Series C | IDG Capital; Co-Stone Venture Capital; Shenzhen Capital Group; Green Pine Capital Partners | $172M | $3B | Royole Corporation develops flexible electronics, including flexible displays, sensors, and wearable consumer electronics like the foldable Virtual Mobile Theater 'The Moon' released in 2016 for $799. The company began mass production of flexible electronics in Shenzhen, China in 2015 and holds over 500 patents in display and flexible electronics applications. It also provides IP licensing, services, and solutions for industries using these technologies and appointed Akon as Chief Creative Officer to enhance product innovation. Royole has raised significant venture funding, totaling around $280M from investors including IDG Capital Partners, CITIC Capital, Knights Investment Group, Alpha Wealth, Green Pine Capital, Warmsun Holding Group, and Shenzhen Capital Group as of late 2016. Its latest reported round at that time was approximately $80M raised in November 2016 at a $3 billion valuation, marking it as a unicorn in the growing flexible electronics market projected to reach $13.23B by 2020. The company faced competition from players like LG Display, Philips, and Sony in flexible displays. Later developments include additional rounds up to Series F in 2019 at $6B valuation and total funding of $1.414B over 17 rounds, but it encountered financial difficulties, layoffs, asset auctions, and bankruptcy/liquidation in May 2024. |
Who has invested in Royole Corporation?
8 investors have backed Royole Corporation across its funding rounds, including Warmsun Holding Group, IDG Capital, Shenzhen Capital Group, Green Pine Capital Partners, Co-Stone Venture Capital and Hanfor (Beijing) Capital Management.
Lead investors include Warmsun Holding Group.
Royole Corporation Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| -- | 2 | Lead | Nov 2016 | |
| 1 | Participant | Sep 2017 | ||
| 1 | Participant | Aug 2015 | ||
| 1 | Participant | Sep 2017 | ||
| 1 | Participant | Sep 2017 | ||
| 1 | Participant | Aug 2015 | ||
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Start Free TrialRoyole Corporation Competitors
Royole Corporation competitors include listed companies like HTC and Huaqin Co, and private ones like Razer, DJI, Huami and Lanmi.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $392M | - | $2B | - | ||
| Private | $1B | - | $8B | 8.0x | ||
| Publicly listed | $91M | $22M | $1B | 6.9x | ||
| Private | $41M | - | $800M | 19.5x | ||
| Private | - | - | $716M | - | ||
| Publicly listed | $26B | $900M | $13B | 0.5x |
Royole Corporation Public Comps
Royole Corporation is still privately-owned, but its public comps include CASIO, LG Display, Acer, Foxconn Technology Co, Stanley Electric, EZVIZ Network, UGREEN, Longcheer, Hengmingda and Yamaha.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.8B | $226M | 1.3x | 1.3x | 10.5x | 8.9x | |||
| $19B | $4B | 0.7x | 0.7x | 3.2x | 3.6x | |||
| $8.7B | $315M | 0.5x | 0.4x | 13.1x | 15.2x | |||
| $4.9B | $120M | 0.1x | 0.1x | 3.4x | - | |||
| $3.3B | $610M | 1.0x | 0.9x | 5.4x | 5.6x | |||
| $880M | $103M | 3.0x | 2.8x | 25.8x | 18.6x | |||
| $1.4B | $130M | 2.2x | 1.8x | 23.9x | 18.2x | |||
| $6.3B | $156M | 0.4x | 0.3x | 14.8x | 15.8x | |||
This data is available for Pro users. Sign up to see all Royole Corporation competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Royole Corporation
| When was Royole Corporation founded? | Royole Corporation was founded in 2012. |
| Where is Royole Corporation headquartered? | Royole Corporation is headquartered in Shenzhen, China. |
| Is Royole Corporation publicly listed? | No, Royole Corporation is a private, VC-backed company. |
| What is Royole Corporation's valuation? | Royole Corporation was last valued at $3B in its Series D in November 2016. |
| How much funding has Royole Corporation raised? | Royole Corporation has raised $492M across 3 funding rounds. |
| What was Royole Corporation's last funding round? | Royole Corporation's last funding round was a $240M Series D in September 2017. |
| Who are Royole Corporation's investors? | Royole Corporation's investors include Warmsun Holding Group, Hanfor (Beijing) Capital Management, IDG Capital, Tanshi Capital, Shanghai Pudong Development Bank, Co-Stone Venture Capital, Shenzhen Capital Group and Green Pine Capital Partners. |
| Which companies are comparable to Royole Corporation? | Companies comparable to Royole Corporation include Razer, DJI, HTC, Huami, Lanmi and Huaqin Co. |
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