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

Smart Fabric Overview

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

ChinaShenzhen

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

Smart Fabric valuation by funding round
DateStageValuation
Jan 2025Series 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

Smart Fabric funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2025Series CZhongke Kechuang (lead)$460M$2.5BSmart 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 2019Series CHSG (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

Investors in Smart Fabric by funding rounds participated
InvestorHQRoundsRoleFirst check
Matrix Partners ChinaChinaBeijing1ParticipantSep 2019
CBC CapitalChinaBeijing1ParticipantSep 2019
IDG CapitalChinaBeijing1ParticipantSep 2019
Zhongke KechuangChinaGuangzhou1LeadJan 2025
TencentChinaShenzhen1LeadSep 2019
Vision Plus CapitalChinaHangzhou1ParticipantSep 2019

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Smart 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.

Public and private companies comparable to Smart Fabric
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
XINGYUN GROUPChinaShenzhenPrivate--$2B-
o9 SolutionsUnited StatesDallas, TXPrivate--$3.7B-
Logo YazılımTurkeyTurkeyPublicly listed$119M$51M$270M1.6x
Mabang ERPChinaChinaPrivate$17M-$231M13.6x
ElementumUnited StatesSalt Lake City, UTPrivate--$220M-
Arab SeaSaudi ArabiaSaudi ArabiaPublicly 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Xiamen Xiangyu Co$61B$523M0.1x0.1x13.8x10.4x
SPS Commerce$752M$182M3.6x3.5x15.0x10.6x
GigaCloud Technology$1.3B$158M1.6x1.4x12.8x10.6x
Kingdee$1B$95M2.7x2.5x29.9x24.2x
Kinaxis$548M$102M5.9x5.3x31.7x20.3x
Freee$214M$6M6.3x4.8x237.7x65.4x
Digiwin$363M$48M4.0x3.8x30.1x23.6x
Wuchan Zhongda Group Co$89B$1.5B0.1x0.1x8.5x7.3x

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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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