Soterea Valuation, Funding & Investors

Soterea is valued at $1.4B as of March 2022.

Last Soterea valuation

$1.4B

Series B · Mar 2022

Last Soterea funding round

$205M

Series B · Mar 2022

Cumulative funding Soterea raised

$205M

across 1 funding round

Key investors in Soterea

  • Harvest Fund Management
  • Ping An Capital
  • SK China
  • Henan Investment Group

Soterea Overview

About Soterea

Soterea creates intelligent driving assistance systems for commercial vehicles from its Tianjin, China headquarters, established in 2014. Software integrates sensors and algorithms for autonomous navigation, collision avoidance, and fleet management in logistics applications.


Founded

2014

HQ

ChinaTianjin

Website

soterea.cn

Status

Privately held

Customer focus

B2B

Revenue model

Licensing, Subscription

Valuation

$1.4B (Mar 2022)

Soterea Valuation

Soterea is currently valued at $1.4B, based on its Series B in March 2022.

The $205M round was led by Ping An Capital, with participation from SK China, Harvest Fund Management and Henan Investment Group.

Soterea valuation by funding round

Soterea valuation by funding round
DateStageValuation
Mar 2022Series B$1.4B

Soterea Funding History

Soterea has raised a total of $205M across 1 funding round.

Soterea funding rounds

Soterea funding rounds
DateStageInvestorsRaisedValuation
Mar 2022Series BPing An Capital (lead); SK China; Harvest Fund Management; Henan Investment Group$205M$1.4B

Who has invested in Soterea?

4 investors have backed Soterea across its funding rounds, including Harvest Fund Management, Ping An Capital, SK China and Henan Investment Group.

Lead investors include Ping An Capital.


Soterea Investors

Investors in Soterea by funding rounds participated
InvestorHQRoundsRoleFirst check
Ping An CapitalChinaShanghai1LeadMar 2022
SK ChinaChinaBeijing1ParticipantMar 2022

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Soterea Competitors

Soterea competitors include listed companies like WeRide and Aeva, and private ones like Luminar, Hong Jing Drive, MAXIEYE and NASN Automotive Electronics.

Public and private companies comparable to Soterea
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
WeRideChinaChinaPublicly listed$102M($257M)$1.9B8.3x
AevaUnited StatesUnited StatesPublicly listed$18M($139M)$1.1B35.6x
LuminarUnited StatesOrlando, FLPrivate$13M-$900M69.2x
Hong Jing DriveChinaHangzhouPrivate--$4.3B-
MAXIEYEChinaChinaPrivate--$447M-
NASN Automotive ElectronicsChinaChinaPrivate--$400M-

Soterea Public Comps

Soterea is still privately-owned, but its public comps include Zwsoft, Eacon Group, Cidi, KPIT Technologies, HL Mando, Droneshield, Red Cat Holdings, Aeva, Vitec Software and Pateo Connect Tech.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Zwsoft$133M$12M7.4x6.9x79.9x49.1x
Eacon Group$214M($33M)6.6x-(42.5x)-
Cidi$132M($155M)8.8x5.0x(7.5x)(22.7x)
KPIT Technologies$673M$128M2.3x2.2x11.8x11.3x
HL Mando$6.9B$486M0.4x0.4x5.7x5.0x
Droneshield$154M$3M6.7x5.8x321.0x(254.5x)
Red Cat Holdings$41M($72M)19.0x6.6x(10.7x)(8.8x)
Aeva$18M($139M)54.7x35.6x(7.1x)(8.7x)

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Common questions about Soterea

When was Soterea founded?Soterea was founded in 2014.
Where is Soterea headquartered?Soterea is headquartered in Tianjin, China.
Is Soterea publicly listed?No, Soterea is a private, VC-backed company.
What is Soterea's valuation?Soterea was last valued at $1.4B in its Series B in March 2022.
How much funding has Soterea raised?Soterea has raised $205M across 1 funding round.
What was Soterea's last funding round?Soterea's last funding round was a $205M Series B in March 2022, led by Ping An Capital.
Who are Soterea's investors?Soterea's investors include Ping An Capital, SK China, Harvest Fund Management and Henan Investment Group.
Which companies are comparable to Soterea?Companies comparable to Soterea include WeRide, Aeva, Luminar, Hong Jing Drive, MAXIEYE and NASN Automotive Electronics.

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