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

YunQuNa Overview

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

ChinaShanghai

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

YunQuNa valuation by funding round
DateStageValuation
Jun 2021Series 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

YunQuNa funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2021Series DCITIC Capital Holdings (lead); Source Code Capital (lead); Xianghe Capital$150M$1BYunQuNa 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 2019Series CCoatue (lead); HSG (lead); China Merchants Venture Capital; Sumitomo Corporation Equity Asia; DCM Ventures; Source Code Capital$70M--
Oct 2017Strategic investmentChina 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 2017Series ADCM Ventures (lead)$8M--
Jan 2017Strategic investmentChina 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

Investors in YunQuNa by funding rounds participated
InvestorHQRoundsRoleFirst check
China Merchants Venture CapitalChinaShenzhen2LeadOct 2017
DCM VenturesUnited StatesSan Francisco, CA2LeadAug 2017
Source Code CapitalChinaChaoyang2LeadJun 2019
Xianghe CapitalChinaBeijing1ParticipantJun 2021
China Merchants Innovation Investment ManagementChinaShenzhen1LeadJan 2017
CoatueUnited StatesNew York City, NY1LeadJun 2019
Sumitomo Corporation Equity AsiaHong KongHong Kong1ParticipantJun 2019

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YunQuNa 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.

Public and private companies comparable to YunQuNa
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Neovia Logistics ServicesUnited KingdomLeicesterPrivate--$1B-
ShipBobUnited StatesUnited StatesPrivate--$1B-
YH GlobalChinaShenzhenPrivate--$1B-
YunmanmanChinaNanjingPrivate--$1B-
Transfar Zhilian CoChinaChinaPublicly listed$3.7B$258M$1.9B1.3x
GuoChuang SoftwareChinaChinaPublicly listed$220M($17M)$960M-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Hangzhou SF Intra-City$3.4B$54M0.2x0.2x11.8x8.4x
Keytop Parking$124M$29M7.5x-32.3x-
Reysaş Lojistik$257M$142M4.8x-8.6x-
CTT Correios de Portugal$1.4B$202M----
GuoChuang Software$220M($17M)4.8x-(60.4x)-
Beijing eGova$90M($52M)8.4x-(14.5x)-
Jiangsu Tongxingbao$159M$47M2.7x-9.2x-
JSTI$622M$30M1.6x1.7x32.7x13.8x

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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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