XGIMI Revenue, Valuation, Funding & Investors

XGIMI is valued at $474M as of March 2018, a 3.3x multiple on its last reported $145M revenue.

See full XGIMI profile

Last XGIMI valuation

$474M

Strategic investment · Mar 2018

Last XGIMI funding round

$95M

Strategic investment · Mar 2018

XGIMI revenue

$145M

Strategic investment · Mar 2018

Key investors in XGIMI

  • Matrix Partners China
  • Baidu
  • Bojiang Capital
  • CDF-Capital
  • Pan-Lin Capital
  • Lucion

XGIMI Overview

About XGIMI

XGIMI is a Chengdu-based manufacturer of multifunctional projectors featuring high-definition displays, Android operating systems, and 3D viewing capabilities. Established in 2012, the company produces portable and smart projection devices aimed at delivering affordable large-screen experiences worldwide. Its product lineup includes models with built-in smart features for home entertainment and professional use.


Founded

2013

HQ

ChinaChengdu

Website

xgimi.com

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Revenue

$145M (Mar 2018)

Valuation

$474M (Mar 2018)

XGIMI Valuation

XGIMI is currently valued at $474M, based on its strategic investment round in March 2018.

The $95M round included Matrix Partners China, Lucion, Sailing Capital, Baidu, Sichuan Culture Industry Fund and 2 other investors.

XGIMI valuation by funding round

XGIMI valuation by funding round
DateStageValuationRevenue Multiple
Mar 2018Strategic investment$474M3.3x

XGIMI Revenue

XGIMI's latest recorded revenue is $145M, as of its strategic investment round in March 2018. At a $474M valuation, that implies a 3.3x revenue multiple.

XGIMI revenue by funding round

XGIMI revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Mar 2018$145M$474M3.3xStrategic investment

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

XGIMI Funding History

XGIMI has raised a total of $111M across 3 funding rounds.

XGIMI's first fundraising round was a $16M Series A in August 2014. The most recent completed round was a $95M strategic investment round in March 2018.

XGIMI funding rounds

XGIMI funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2018Strategic investmentMatrix Partners China; Lucion; Sailing Capital; Baidu; Sichuan Culture Industry Fund; Bojiang Capital; Pan-Lin Capital$95M$474MXGIMI Technology, based in Chengdu, China, is a manufacturer of high-definition widescreen projectors that project television programming onto walls up to 300 inches, connect to mobile devices for gaming, and integrate speakers for music streaming. The company focuses on screenless TV technology and home entertainment products. In early 2018, specifically around March 12, XGIMI raised approximately RMB600m ($95m) in a Series D funding round from investors including Baidu (now the largest external shareholder), Matrix Partners China, Sichuan Culture Industry Equity Investment Fund, Sailing Capital (also listed as Sailing Capital), Bojang Capital, Pan-Lin Asset Management (Pan-Lin Capital), and Luxion Venture Capital Group (Lucion), with Jirui Capital also participating. Baidu Ventures had previously led the prior Series C round in November 2017. The funds were allocated to enhance research and development for advanced projection technologies. Prior funding history includes $16m Series A in 2014 from unnamed investors, $48m pre-Series B from Mango Media in 2014, and $18.5m Series B in April 2016 from Zhongnan Red Cultural Group, Shenzhen CDF-Capital, Shanghai Dingfeng Asset Management, and Shenzhen Lishi Investment at a valuation of about $230m. XGIMI has shown strong market performance post-2018, achieving the top position in China's projector sales volume since 2018 for seven consecutive years and leading domestic revenue since 2020, with a 22.2% market share in the first half of 2020 per IDC data cited in its IPO filings. The company went public on Shanghai's STAR Market in March 2021 with an IPO raising $258.2M and later filed for HKEX listing.
Jun 2016Pre-seed-$300K--
Aug 2014Series AChengdu Technology Transfer Group; CDF-Capital$16M--

Who has invested in XGIMI?

9 investors have backed XGIMI across its funding rounds, including Matrix Partners China, Baidu, Bojiang Capital, CDF-Capital, Pan-Lin Capital and Lucion.


XGIMI Investors

Investors in XGIMI by funding rounds participated
InvestorHQRoundsRoleFirst check
Matrix Partners ChinaChinaBeijing1ParticipantMar 2018
Chengdu Technology Transfer GroupChinaChengdu1ParticipantAug 2014
CDF-CapitalChinaShenzhen1ParticipantAug 2014
LucionChinaJinan1ParticipantMar 2018
Sailing CapitalHong KongHong Kong1ParticipantMar 2018
BaiduChinaBeijing1ParticipantMar 2018
Sichuan Culture Industry FundChinaSichuan1ParticipantMar 2018

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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XGIMI Competitors

XGIMI competitors include listed companies like Vuzix and HTC, and private ones like Perfumeo, Pimax VR, Zimi and Lanmi.

Public and private companies comparable to XGIMI
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PerfumeoUnited StatesSan Jose, CAPrivate--$450M-
Pimax VRChinaShanghaiPrivate--$380M-
ZimiChinaNanjingPrivate--$375M-
LanmiChinaDongguanPrivate--$716M-
VuzixUnited StatesUnited StatesPublicly listed$6M($29M)$232M33.9x
HTCTaiwanTaiwanPublicly listed$91M$22M$1B6.9x

XGIMI Public Comps

XGIMI is still privately-owned, but its public comps include Guangdong Qunxing Toys, Esprinet, Hailun Piano, Shenzhen Aoto Electronics, Riso Kagaku, Digiworld, FW Thorpe, Ideal Holdings, AB S.A and Merry Electronics Co..

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Guangdong Qunxing Toys$70M$4M6.4x-123.2x-
Esprinet$4.9B$81M0.2x0.2x10.5x9.5x
Hailun Piano$18M($11M)26.9x-(44.8x)-
Shenzhen Aoto Electronics$113M$3M4.3x-144.4x-
Riso Kagaku$508M$64M0.8x0.8x6.1x-
Digiworld$1B$29M0.4x0.3x14.2x10.5x
FW Thorpe$235M$54M1.3x-5.5x-
Ideal Holdings$554M$67M1.3x-10.9x-

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Common questions about XGIMI

When was XGIMI founded?XGIMI was founded in 2013.
Where is XGIMI headquartered?XGIMI is headquartered in Chengdu, China.
Is XGIMI publicly listed?No, XGIMI is a private, VC-backed company.
What is XGIMI's valuation?XGIMI was last valued at $474M in its strategic investment round in March 2018.
How much funding has XGIMI raised?XGIMI has raised $111M across 3 funding rounds.
What was XGIMI's last funding round?XGIMI's last funding round was a $95M strategic investment round in March 2018.
Who are XGIMI's investors?XGIMI's investors include Matrix Partners China, Chengdu Technology Transfer Group, CDF-Capital, Lucion, Sailing Capital, Baidu, Sichuan Culture Industry Fund, Bojiang Capital and Pan-Lin Capital.
What is XGIMI's revenue?XGIMI's latest recorded revenue is $145M (March 2018).
What is XGIMI's revenue multiple?XGIMI's latest valuation implies a 3.3x revenue multiple ($474M valuation on $145M of revenue).
Which companies are comparable to XGIMI?Companies comparable to XGIMI include Perfumeo, Pimax VR, Zimi, Lanmi, Vuzix and HTC.

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