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- Smart Fabric
Smart Fabric Valuation, Funding & Investors
Smart Fabric is valued at $2.5B as of January 2025.
Last Smart Fabric valuation
$2.5B
Series C · Jan 2025
Last Smart Fabric funding round
$460M
Series C · Jan 2025
Cumulative funding Smart Fabric raised
$560M
across 2 funding rounds
Key investors in Smart Fabric
IDG Capital
HSG
Tencent
Matrix Partners China
Vision Plus Capital
CBC Capital
About Smart Fabric
Smart Fabric is a SaaS cloud ERP platform that digitizes textile production and trade processes in China. The system links downstream garment factories and brands with upstream spinning mills, printing and dyeing factories, and weaving mills by breaking down customer orders. Internet of Things integration and ordering systems coordinate fabric production across participating factories. As an intelligent dispatching center, it facilitates collaboration among suppliers, manufacturers, and factories throughout the clothing supply chain.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$2.5B (Jan 2025)
Smart Fabric Valuation
Smart Fabric is currently valued at $2.5B, based on its Series C in January 2025.
The $460M round was led by Zhongke Kechuang.
Smart Fabric valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2025 | Series C | $2.5B |
Smart Fabric Funding History
Smart Fabric has raised a total of $560M across 2 funding rounds.
Smart Fabric's first fundraising round was a $100M Series C in September 2019. The most recent completed round was a $460M Series C in January 2025.
Smart Fabric funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2025 | Series C | Zhongke Kechuang (lead) | $460M | $2.5B | Smart Fabric is an industrial tech company providing internet-enabled and IoT solutions for the textile and apparel industry, headquartered in Shenzhen or Hangzhou, China, founded in 2015 or 2017 with 800-1200+ employees. It operates in the enterprise software and industrial tech sectors, focusing on innovative solutions for a growing market. Smart Fabric plans to use the funds to accelerate product development, expand its team, scale operations globally, and advance industrialization and commercialization, including new applications in semiconductor manufacturing, high-end displays, electronics, and PCB. This fundraising positions the company as a notable player in industrial tech amid strong sector investment. The round marks a valuation milestone, supporting growth in innovative solutions for the textile industry and beyond. |
| Sep 2019 | Series C | HSG (lead); Tencent (lead); Matrix Partners China; CBC Capital; IDG Capital; Vision Plus Capital; 10Fund | $100M | - | - |
Who has invested in Smart Fabric?
8 investors have backed Smart Fabric across its funding rounds, including IDG Capital, HSG, Tencent, Matrix Partners China, Vision Plus Capital and CBC Capital.
Lead investors include Zhongke Kechuang, HSG and Tencent.
Smart Fabric Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Sep 2019 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Lead | Jan 2025 | ||
| 1 | Lead | Sep 2019 | ||
| 1 | Participant | Sep 2019 | ||
This data is available for Pro users. Sign up to see all 8 Smart Fabric 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 TrialSmart Fabric Competitors
Smart Fabric competitors include listed companies like Logo Yazılım and Arab Sea, and private ones like XINGYUN GROUP, o9 Solutions, Mabang ERP and Elementum.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2B | - | ||
| Private | - | - | $3.7B | - | ||
| Publicly listed | $119M | $51M | $270M | 1.6x | ||
| Private | $17M | - | $231M | 13.6x | ||
| Private | - | - | $220M | - | ||
| Publicly listed | $14M | ($608K) | $97M | - |
Smart Fabric Public Comps
Smart Fabric is still privately-owned, but its public comps include Xiamen Xiangyu Co, SPS Commerce, GigaCloud Technology, Kingdee, Kinaxis, Freee, Digiwin, Wuchan Zhongda Group Co, Infomart and TOTVS.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $61B | $523M | 0.1x | 0.1x | 13.8x | 10.4x | |||
| $752M | $182M | 3.6x | 3.5x | 15.0x | 10.6x | |||
| $1.3B | $158M | 1.6x | 1.4x | 12.8x | 10.6x | |||
| $1B | $95M | 2.7x | 2.5x | 29.9x | 24.2x | |||
| $548M | $102M | 5.9x | 5.3x | 31.7x | 20.3x | |||
| $214M | $6M | 6.3x | 4.8x | 237.7x | 65.4x | |||
| $363M | $48M | 4.0x | 3.8x | 30.1x | 23.6x | |||
| $89B | $1.5B | 0.1x | 0.1x | 8.5x | 7.3x | |||
This data is available for Pro users. Sign up to see all Smart Fabric competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Smart Fabric
| When was Smart Fabric founded? | Smart Fabric was founded in 2014. |
| Where is Smart Fabric headquartered? | Smart Fabric is headquartered in Shenzhen, China. |
| Is Smart Fabric publicly listed? | No, Smart Fabric is a private, VC-backed company. |
| What is Smart Fabric's valuation? | Smart Fabric was last valued at $2.5B in its Series C in January 2025. |
| How much funding has Smart Fabric raised? | Smart Fabric has raised $560M across 2 funding rounds. |
| What was Smart Fabric's last funding round? | Smart Fabric's last funding round was a $460M Series C in January 2025, led by Zhongke Kechuang. |
| Who are Smart Fabric's investors? | Smart Fabric's investors include Matrix Partners China, CBC Capital, IDG Capital, Zhongke Kechuang, Tencent, Vision Plus Capital, HSG and 10Fund. |
| Which companies are comparable to Smart Fabric? | Companies comparable to Smart Fabric include XINGYUN GROUP, o9 Solutions, Logo Yazılım, Mabang ERP, Elementum and Arab Sea. |
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