Xmov Funding, Investors & Competitors

Xmov has raised $147M across 4 funding rounds, most recently a $110M Series C in April 2022.

See full Xmov profile

Last Xmov funding round

$110M

Series C · Apr 2022

Cumulative funding Xmov raised

$147M

across 4 funding rounds

Key investors in Xmov

  • HSG
  • 5Y Capital
  • Fresh Capital
  • Index Ventures
  • SoftBank Group
  • Oriental Fortune Capital
  • Northern Light Venture Capital
  • Toutoushidao Capital

Xmov Overview

About Xmov

Xmov is a Beijing-based developer of 3D virtual content infrastructure platforms supporting production, education, and deployment in metaverse applications. Mofa Technology offers tools for pan-entertainment, cultural tourism, e-commerce, and healthcare sectors through its graphics engine and AI-driven workflows. The firm layouts multi-field applications in China.


Founded

2017

HQ

ChinaShanghai

Website

xmov.ai

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Xmov Funding History

Xmov has raised a total of $147M across 4 funding rounds.

Xmov's first fundraising round was a $3M seed round in October 2018. The most recent completed round was a $110M Series C in April 2022.

Xmov funding rounds

Xmov funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2022Series CSoftBank Group (lead); Jinsha Joint Capital Investment; Index Ventures; Northern Light Venture Capital; Fresh Capital; HSG$110MXmov is a Chinese metaverse-focused startup founded in 2018, specializing in computer graphics and AI technology for full-stack end-to-end virtual content intelligent production, virtual human creation and operation, virtual live broadcast technology for enterprises and consumers, and a 3D AI virtual human capability platform with a full-stack product ecosystem. On April 6, 2022, Xmov announced completion of its B and C financing rounds totaling $130 million, with the C round amounting to $110 million, jointly led by SoftBank Vision Fund 2 and a well-known strategic investment institution, followed by Northern Light Venture Capital and Index Ventures, while Index Capital served as the exclusive financial advisor. The B round involved joint investment from Fresh Capital and Jinsha Fund, with additional contributions from Sequoia China and 5Y Capital across three consecutive rounds. Proceeds from the new funds were designated primarily for product R&D, market expansion, ecological construction, and capitalizing on the company's leading advantages in virtual content and virtual human infrastructure. Xmov's founder and CEO Chai Jinxiang emphasized the metaverse's essence as upgrading information carriers with three-dimensional native virtual content and virtual humans, positioning Xmov to provide infrastructure for scaled interaction and intelligence to empower industries entering the metaverse.
Jan 2021Series BJinshan Capital (lead); Wuyuan Capital; Fresh Capital; HSG$20MChinese metaverse infrastructure startup Xmov received $130 million in funding, as reported in a China NFT Weekly update.
Jun 2019Series A5Y Capital; Toutoushidao Capital; HSG$15MXmov, a Chinese AI company founded in 2017 by Dr. Chai Jinxiang, focuses on computer graphics and vision technologies with applications in VR/AR, robotics, and human-computer interaction. The company provides 3D human facial and body recognition products and interactive computer vision solutions for smartphones, VR, and smart home businesses, offering motion capture services without requiring clients to handle hardware integration. On June 25, 2019, Xmov completed its Series A financing round from Sequoia Capital, Morningside Capital (now 5Y Capital), and Toutou Shidao Capital (also referred to as HSG or Toutoushidao Capital), raising an undisclosed amount reported as more than a hundred million yuan. The funds were intended to expand the team and explore business opportunities. Xmov differentiates from hardware-focused motion capture companies by selling services that enable motion design. Later rounds included a Series B of $20 million co-led by Fresh Capital and Jinsha Capital with Sequoia Capital China and 5Y Capital, and a $110 million Series C co-led by SoftBank Vision Fund 2.
Oct 2018SeedHSG (lead); Oriental Fortune Capital; 5Y Capital$3M-

Who has invested in Xmov?

11 investors have backed Xmov across its funding rounds, including HSG, 5Y Capital, Fresh Capital, Index Ventures, SoftBank Group and Oriental Fortune Capital.

Lead investors include SoftBank Group, Jinshan Capital and HSG.


Xmov Investors

Investors in Xmov by funding rounds participated
InvestorHQRoundsRoleFirst check
HSGHong KongHong Kong4LeadOct 2018
5Y CapitalChinaChina2ParticipantOct 2018
Fresh CapitalChinaGuangzhou2ParticipantJan 2021
Jinsha Joint Capital InvestmentChinaChina1ParticipantApr 2022
Oriental Fortune CapitalChinaShenzhen1ParticipantOct 2018
Index VenturesUnited KingdomLondon1ParticipantApr 2022
Northern Light Venture CapitalChinaBeijing1ParticipantApr 2022
SoftBank GroupJapanTokyo1LeadApr 2022
Jinshan CapitalChinaChangsha1LeadJan 2021

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Xmov Competitors

Xmov competitors include listed companies like SAP and Snowflake, and private ones like Synthesia, Anthropic, OpenAI and Databricks.

Public and private companies comparable to Xmov
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SynthesiaUnited KingdomLondonPrivate$100M-$4B40.0x
AnthropicUnited StatesSan Francisco, CAPrivate$47B-$965B20.5x
OpenAIUnited StatesSan Francisco, CAPrivate$25B-$852B34.1x
SAPGermanyGermanyPublicly listed$42B$13B$248B5.4x
DatabricksUnited StatesSan Francisco, CAPrivate$7B-$190B27.1x
SnowflakeUnited StatesUnited StatesPublicly listed$4.7B($1.3B)$119B21.0x

Xmov Public Comps

Xmov is still privately-owned, but its public comps include Meta, Netflix, CrowdStrike, SAP, Salesforce, Disney, ServiceNow, Snowflake, Adobe and Datadog.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Meta$201B$104B8.8x7.4x17.0x12.7x
Netflix$45B$30B7.1x6.4x10.6x19.8x
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
SAP$42B$13B5.8x5.4x18.4x17.1x
Salesforce$42B$13B5.5x5.2x17.8x12.2x
Disney$94B$19B2.4x2.3x12.3x10.3x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x

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Common questions about Xmov

When was Xmov founded?Xmov was founded in 2017.
Where is Xmov headquartered?Xmov is headquartered in Shanghai, China.
Is Xmov publicly listed?No, Xmov is a private, VC-backed company.
How much funding has Xmov raised?Xmov has raised $147M across 4 funding rounds.
What was Xmov's last funding round?Xmov's last funding round was a $110M Series C in April 2022, led by SoftBank Group.
Who are Xmov's investors?Xmov's investors include HSG, 5Y Capital, Fresh Capital, Jinsha Joint Capital Investment, Oriental Fortune Capital, Index Ventures, Northern Light Venture Capital, SoftBank Group, Jinshan Capital, Toutoushidao Capital and 1 other.
Which companies are comparable to Xmov?Companies comparable to Xmov include Synthesia, Anthropic, OpenAI, SAP, Databricks and Snowflake.

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