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- YunQuNa
YunQuNa Valuation, Funding & Investors
YunQuNa is valued at $1B as of June 2021.
Last YunQuNa valuation
$1B
Series D · Jun 2021
Last YunQuNa funding round
$150M
Series D · Jun 2021
Cumulative funding YunQuNa raised
$257M
across 5 funding rounds
Key investors in YunQuNa
DCM Ventures
Source Code Capital
China Merchants Venture Capital
HSG
Coatue
CITIC Capital Holdings
About YunQuNa
YunQuNa is a Shanghai-headquartered online logistics marketplace offering global freight quoting, booking, customs clearance, tracking, warehousing, and insurance. Launched in 2014, it connects 10,000 shippers with 2,000 carriers, handling 1 million TEUs annually across Belt and Road routes.
Founded
2005
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission, Subscription
Valuation
$1B (Jun 2021)
YunQuNa Valuation
YunQuNa is currently valued at $1B, based on its Series D in June 2021.
The $150M round was led by CITIC Capital Holdings and Source Code Capital, with participation from Xianghe Capital.
YunQuNa valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2021 | Series D | $1B |
YunQuNa Funding History
YunQuNa has raised a total of $257M across 5 funding rounds.
YunQuNa's first fundraising round was a $15M strategic investment round in January 2017. The most recent completed round was a $150M Series D in June 2021.
YunQuNa funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2021 | Series D | CITIC Capital Holdings (lead); Source Code Capital (lead); Xianghe Capital | $150M | $1B | YunQuNa is a China-based B2B e-commerce platform founded in 2014 that connects merchants with international logistics services, including booking, customs declaration, warehousing, freight insurance, and tracking, powered by big data and blockchain technologies. The platform digitizes cross-border supply chains, offering features like price quotations, ordering, and cargo space forecasts to simplify international shipping akin to domestic express deliveries. The round brought total funding to over $300 million, following prior raises including a $70 million Series C in mid-2019 co-led by Sequoia Capital China and Coatue Management, with Source Code Capital backing. Proceeds were allocated to expand into 10-20 new overseas markets such as Brazil, Japan, Thailand, and the United States, while enhancing freight forwarding and door-to-door cargo shipping services with more destination ports. Backers praised the management team's 20+ years of industry expertise and technical capabilities in building a digital system across the logistics value chain, improving efficiency and intelligence in the sector. YunQuNa achieved unicorn status with a $1.5 billion valuation as of the round date per unicorn listings, amid competition in digital logistics like ComexPoint. |
| Jun 2019 | Series C | Coatue (lead); HSG (lead); China Merchants Venture Capital; Sumitomo Corporation Equity Asia; DCM Ventures; Source Code Capital | $70M | - | - |
| Oct 2017 | Strategic investment | China Merchants Venture Capital (lead) | $15M | - | YunQuNa, a Shanghai-based international logistics platform, secured $15 million in financing from China Merchants Venture Capital around October 2017. This marked the company's second financing that year, following RMB50 million from three domestic private equity firms in June. YunQuNa provides a one-stop service for freight shipping, partnering with major players like COSCO Shipping, Maersk Line, and Sinotrans, and offers products such as consolidated shipments, less-than-containerload, and air transportation with online quoting, ordering, and tracking. |
| Aug 2017 | Series A | DCM Ventures (lead) | $8M | - | - |
| Jan 2017 | Strategic investment | China Merchants Innovation Investment Management (lead) | $15M | - | - |
Who has invested in YunQuNa?
9 investors have backed YunQuNa across its funding rounds, including DCM Ventures, Source Code Capital, China Merchants Venture Capital, HSG, Coatue and CITIC Capital Holdings.
Lead investors include CITIC Capital Holdings, Source Code Capital, Coatue, HSG, China Merchants Venture Capital and 2 other investors.
YunQuNa Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Oct 2017 | ||
| 2 | Lead | Aug 2017 | ||
| 2 | Lead | Jun 2019 | ||
| 1 | Participant | Jun 2021 | ||
| 1 | Lead | Jan 2017 | ||
| 1 | Lead | Jun 2019 | ||
| 1 | Participant | Jun 2019 | ||
This data is available for Pro users. Sign up to see all 9 YunQuNa investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialYunQuNa Competitors
YunQuNa competitors include listed companies like Transfar Zhilian Co and GuoChuang Software, and private ones like Neovia Logistics Services, ShipBob, YH Global and Yunmanman.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $3.7B | $258M | $1.9B | 1.3x | ||
| Publicly listed | $220M | ($17M) | $960M | - |
YunQuNa Public Comps
YunQuNa is still privately-owned, but its public comps include Hangzhou SF Intra-City, Keytop Parking, Reysaş Lojistik, CTT Correios de Portugal, GuoChuang Software, Beijing eGova, Jiangsu Tongxingbao, JSTI, Marten Transport and Prosegur Cash.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.4B | $54M | 0.2x | 0.2x | 11.8x | 8.4x | |||
| $124M | $29M | 7.5x | - | 32.3x | - | |||
| $257M | $142M | 4.8x | - | 8.6x | - | |||
| $1.4B | $202M | - | - | - | - | |||
| $220M | ($17M) | 4.8x | - | (60.4x) | - | |||
| $90M | ($52M) | 8.4x | - | (14.5x) | - | |||
| $159M | $47M | 2.7x | - | 9.2x | - | |||
| $622M | $30M | 1.6x | 1.7x | 32.7x | 13.8x | |||
This data is available for Pro users. Sign up to see all YunQuNa competitors and their valuation data. Start Free Trial | ||||||||
Common questions about YunQuNa
| When was YunQuNa founded? | YunQuNa was founded in 2005. |
| Where is YunQuNa headquartered? | YunQuNa is headquartered in Shanghai, China. |
| Is YunQuNa publicly listed? | No, YunQuNa is a private, VC-backed company. |
| What is YunQuNa's valuation? | YunQuNa was last valued at $1B in its Series D in June 2021. |
| How much funding has YunQuNa raised? | YunQuNa has raised $257M across 5 funding rounds. |
| What was YunQuNa's last funding round? | YunQuNa's last funding round was a $150M Series D in June 2021, led by CITIC Capital Holdings and Source Code Capital. |
| Who are YunQuNa's investors? | YunQuNa's investors include China Merchants Venture Capital, DCM Ventures, Source Code Capital, Xianghe Capital, China Merchants Innovation Investment Management, Coatue, Sumitomo Corporation Equity Asia, CITIC Capital Holdings and HSG. |
| Which companies are comparable to YunQuNa? | Companies comparable to YunQuNa include Neovia Logistics Services, ShipBob, YH Global, Yunmanman, Transfar Zhilian Co and GuoChuang Software. |
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