Wangdiantong Funding, Investors & Competitors

Wangdiantong has raised $449M across 4 funding rounds, most recently a $312M Series D in October 2021.

Last Wangdiantong funding round

$312M

Series D · Oct 2021

Cumulative funding Wangdiantong raised

$449M

across 4 funding rounds

Key investors in Wangdiantong

  • Legend Capital
  • GIC
  • GL Ventures LLC
  • SoftBank Group
  • SBVA
  • CPE
  • Joint venture (TPG and SoftBank)

Wangdiantong Overview

About Wangdiantong

Wangdiantong is a Hangzhou-headquartered provider of enterprise-level e-commerce ERP software, supporting platforms like Taobao, Tmall, JD.com, Amazon, and Alibaba. Via www.wangdian.cn, its system manages multi-warehouse inventory, orders, purchasing, after-sales, CRM, and cashier functions for online and physical stores.


Founded

2011

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Wangdiantong Funding History

Wangdiantong has raised a total of $449M across 4 funding rounds.

Wangdiantong's first fundraising round was a $15M Series A in May 2019. The most recent completed round was a $312M Series D in October 2021.

Wangdiantong funding rounds

Wangdiantong funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2021Series DSoftBank Group (lead); CPE; GL Ventures LLC; GIC; Legend Capital$312MWangdiantong (网店通) is a Chinese SaaS company providing supply chain management software for e-commerce sellers, particularly those on platforms like Amazon and domestic marketplaces. It helps with inventory, order fulfillment, ERP, and multi-channel operations. The company raised funding on approximately October 28, 2021, led by SoftBank Vision Fund with participation from CPE, GIC, GL Ventures LLC, and Legend Capital. Wangdiantong is referenced in 2026 SEC filings by DDC Enterprise as a current software provider used alongside Jushuitan for operations.
Dec 2020Series CGIC (lead); GL Ventures LLC; SBVA; Legend Capital$100M-
May 2020Series BLegend Capital (lead)$23MWangdiantong raised approximately $22.9 million in a Series B funding round on April 30, 2020, led by Legend Capital. The company went on to raise a Series C round of $100 million in December 2020, demonstrating strong investor momentum. In total, Wangdiantong has raised $114.48 million across three funding rounds.
May 2019Series AJoint venture (TPG and SoftBank) (lead)$15MWangdiantong, a Chinese SaaS provider, received $14.4 million in funding from a joint China-focused fund launched by TPG and SoftBank Ventures Asia. The investment was part of a broader trend of SaaS companies targeting e-commerce platforms in China, alongside competitors like Jushuitan that raised capital from similar tier-one investors including Sequoia Capital China.

Who has invested in Wangdiantong?

7 investors have backed Wangdiantong across its funding rounds, including Legend Capital, GIC, GL Ventures LLC, SoftBank Group, SBVA and CPE.

Lead investors include SoftBank Group, GIC, Legend Capital and Joint venture (TPG and SoftBank).


Wangdiantong Investors

Investors in Wangdiantong by funding rounds participated
InvestorHQRoundsRoleFirst check
Legend CapitalChinaBeijing3LeadMay 2020
GL Ventures LLCChinaBeijing2ParticipantDec 2020
GICSingaporeSingapore2LeadDec 2020
CPEChinaBeijing1ParticipantOct 2021
SoftBank GroupJapanTokyo1LeadOct 2021

This data is available for Pro users. Sign up to see all 7 Wangdiantong 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 Trial

Wangdiantong Competitors

Wangdiantong competitors include listed companies like Lightspeed Commerce and Shiprocket, and private ones like commercetools, Swiftly, Replit and Perk.

Public and private companies comparable to Wangdiantong
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
commercetoolsGermanyMunichPrivate$150M-$1.9B12.7x
SwiftlyUnited StatesSeattle, WAPrivate--$1B-
Lightspeed CommerceCanadaCanadaPublicly listed$1.2B($13M)$1.2B0.7x
ReplitUnited StatesSan Francisco, CAPrivate$1B-$9B9.0x
PerkSpainBarcelonaPrivate$300M-$2.7B9.0x
ShiprocketIndiaIndiaPublicly listed$211M($7M)$917M-

Wangdiantong Public Comps

Wangdiantong is still privately-owned, but its public comps include Shopify, Toast, GoDaddy, Wix.com, Shiji Group, Newland Digital Tech, Agilysys, Vusion, Pine Labs and Diebold Nixdorf.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Shopify$12B$1.2B13.9x11.3x132.9x61.9x
Toast$6.2B$359M2.6x2.3x44.6x20.8x
GoDaddy$5B$1.3B3.1x2.9x11.7x8.9x
Wix.com$2B($13M)2.2x2.0x(352.9x)14.4x
Shiji Group$416M$21M6.4x6.2x128.0x97.1x
Newland Digital Tech$1.3B$189M1.8x1.5x12.2x10.6x
Agilysys$319M$57M8.7x8.1x48.7x35.8x
Vusion$1.7B$313M1.0x0.9x5.6x4.8x

This data is available for Pro users. Sign up to see all Wangdiantong competitors and their valuation data.

Start Free Trial

Common questions about Wangdiantong

When was Wangdiantong founded?Wangdiantong was founded in 2011.
Where is Wangdiantong headquartered?Wangdiantong is headquartered in Beijing, China.
Is Wangdiantong publicly listed?No, Wangdiantong is a private, VC-backed company.
How much funding has Wangdiantong raised?Wangdiantong has raised $449M across 4 funding rounds.
What was Wangdiantong's last funding round?Wangdiantong's last funding round was a $312M Series D in October 2021, led by SoftBank Group.
Who are Wangdiantong's investors?Wangdiantong's investors include Legend Capital, GL Ventures LLC, GIC, CPE, SoftBank Group, SBVA and Joint venture (TPG and SoftBank).
Which companies are comparable to Wangdiantong?Companies comparable to Wangdiantong include commercetools, Swiftly, Lightspeed Commerce, Replit, Perk and Shiprocket.

See companies similar to Wangdiantong

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial