- Companies
- XGIMI
XGIMI Revenue, Valuation, Funding & Investors
XGIMI is valued at $474M as of March 2018, a 3.3x multiple on its last reported $145M revenue.
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
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
Website
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
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2018 | Strategic investment | $474M | 3.3x |
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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2018 | $145M | $474M | 3.3x | Strategic 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2018 | Strategic investment | Matrix Partners China; Lucion; Sailing Capital; Baidu; Sichuan Culture Industry Fund; Bojiang Capital; Pan-Lin Capital | $95M | $474M | XGIMI 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 2016 | Pre-seed | - | $300K | - | - |
| Aug 2014 | Series A | Chengdu 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Mar 2018 | ||
| 1 | Participant | Aug 2014 | ||
| 1 | Participant | Aug 2014 | ||
| 1 | Participant | Mar 2018 | ||
| 1 | Participant | Mar 2018 | ||
| 1 | Participant | Mar 2018 | ||
| 1 | Participant | Mar 2018 | ||
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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 TrialXGIMI Competitors
XGIMI competitors include listed companies like Vuzix and HTC, and private ones like Perfumeo, Pimax VR, Zimi and Lanmi.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $450M | - | ||
| Private | - | - | $380M | - | ||
| Private | - | - | $375M | - | ||
| Private | - | - | $716M | - | ||
| Publicly listed | $6M | ($29M) | $232M | 33.9x | ||
| Publicly listed | $91M | $22M | $1B | 6.9x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $70M | $4M | 6.4x | - | 123.2x | - | |||
| $4.9B | $81M | 0.2x | 0.2x | 10.5x | 9.5x | |||
| $18M | ($11M) | 26.9x | - | (44.8x) | - | |||
| $113M | $3M | 4.3x | - | 144.4x | - | |||
| $508M | $64M | 0.8x | 0.8x | 6.1x | - | |||
| $1B | $29M | 0.4x | 0.3x | 14.2x | 10.5x | |||
| $235M | $54M | 1.3x | - | 5.5x | - | |||
| $554M | $67M | 1.3x | - | 10.9x | - | |||
This data is available for Pro users. Sign up to see all XGIMI competitors and their valuation data. Start Free Trial | ||||||||
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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