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- Zenlayer
Zenlayer Funding, Investors & Competitors
Zenlayer has raised $102M across 3 funding rounds, most recently a $62M Series C in May 2021.
Last Zenlayer funding round
$62M
Series C · May 2021
Cumulative funding Zenlayer raised
$102M
across 3 funding rounds
Key investors in Zenlayer
Volcanics Venture
F&G Venture
MDI Ventures
Forebright Capital
Anatole
NSFOCUS
Prospect Avenue Capital
About Zenlayer
Zenlayer is a Diamond Bar-headquartered SDN provider founded in 2014 operating 130 PoPs across 60 countries for bare metal cloud and SD-WAN. It connects enterprises to AWS Direct Connect and Azure ExpressRoute, peering with 500 ISPs. Zenlayer delivers 100 Gbps links to media streamers, supporting 10,000 customers with 99.99 percent uptime.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based, Subscription
Zenlayer Funding History
Zenlayer has raised a total of $102M across 3 funding rounds.
Zenlayer's first fundraising round was a $10M Series A in May 2017. The most recent completed round was a $62M Series C in May 2021.
Zenlayer funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2021 | Series C | Anatole (lead); Prospect Avenue Capital (lead); MDI Ventures; Volcanics Venture | $62M | Zenlayer is a Los Angeles-based global edge cloud services provider specializing in emerging markets such as Southeast Asia, India, South America, and Africa, offering SDN-based network technology, on-demand content distribution, application acceleration, and managed hosting solutions. The company, founded in 2014 by Joe Zhu, operates over 180 points of presence worldwide and partners with major data centers like Digital Realty to enable low-latency services for gaming, live streaming, online education, and e-commerce. In May 2021, Zenlayer closed a $50 million Series C financing round led by Anatole Investment and Prospect Avenue Capital, with participation from Volcanics Venture and prior investors including F&G Venture, NSFOCUS Technologies, and Forebright Capital; this brought total funding to around $90-102 million. The round supports global expansion into Southeast Asia, South America, Northern Africa, and a new San Jose office, along with hiring to execute strategies in emerging markets. Near the funding date, Zenlayer reported approximately $150 million in revenue for 2020, with projections exceeding $200 million for 2021, as stated by CFO Nikhil Vasa; the company had about 100 U.S. employees and 320 overseas. Zenlayer demonstrated strong historical growth, achieving a 55.3% revenue CAGR from 2016 to 2019, earning recognition as No. 3 on The Financial Times' Americas’ Fastest Growing Telecom Companies 2021 list (overall No. 229). It positions itself as a complementary 'one-stop shop' to hyperscalers like AWS, Google Cloud, and Azure, focusing on user experience improvement amid cloud decentralization. Post-round plans included product development, organizational maturity, and potential IPO within 1-2 years, though it could remain private. Zenlayer continued partnerships, such as with AWS (named Rising Star Partner of the Year in 2023), and expanded edge cloud services via Digital Realty Network Hub. |
| Aug 2019 | Series B | Forebright Capital (lead); F&G Venture; Volcanics Venture | $30M | Zenlayer is an edge cloud services provider founded in 2014 that serves enterprises globally with infrastructure including over 120 data center points of presence (PoPs) across six continents and 8.3 Tbps of backbone capacity. The company provides bare metal cloud, cloud networking, SD-WAN, and internet data center (IDC) services, primarily targeting Chinese enterprises expanding internationally as well as foreign companies. Major clients include Alibaba Cloud, Tencent, LinkedIn, Microsoft, ByteDance, and Cheetah Mobile. On August 15, 2019, Zenlayer closed a $30 million Series B funding round led by Forebright Capital, with participation from returning investors Volcanics Venture and F&G Venture. The capital was allocated toward research and development of its edge cloud products, expansion into emerging markets including India, Indonesia, and Brazil, and building additional global points of presence. At the time of the Series B round, Zenlayer reported reaching approximately 80 percent of the world's users within 25 milliseconds and had expanded its bare metal cloud capacity by 110 percent since the beginning of 2019. The Series B round was part of Zenlayer's broader growth trajectory, eventually leading to a $50 million Series C financing announced in May 2021, bringing total funding to $90 million. |
| May 2017 | Series A | F&G Venture (lead); NSFOCUS | $10M | Zenlayer, founded in 2014, is a global software-defined network and edge cloud services provider based in Los Angeles. The company operates 60+ global data centers and offers connectivity, cloud hosting, bare-metal cloud computing, and SD-WAN solutions with particular expertise in difficult-to-access markets including China, Russia, Brazil, and South Africa. In May 2017, Zenlayer closed a $10 million Series A funding round led by F&G Venture with participation from NSFOCUS, a leading global network security solutions provider. The capital was allocated to accelerate development of the company's software-defined global connection platform, expand its data center footprint, increase operational capacity, and build a robust global service center with top engineering talent. Investors highlighted Zenlayer's exponential growth and competitive edge in serving Chinese internet companies seeking to globalize their business operations. |
Who has invested in Zenlayer?
7 investors have backed Zenlayer across its funding rounds, including Volcanics Venture, F&G Venture, MDI Ventures, Forebright Capital, Anatole and NSFOCUS.
Lead investors include Anatole, Prospect Avenue Capital, Forebright Capital and F&G Venture.
Zenlayer Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | May 2017 | ||
| 2 | Participant | Aug 2019 | ||
| 1 | Participant | May 2021 | ||
| 1 | Lead | May 2021 | ||
| 1 | Lead | May 2021 | ||
This data is available for Pro users. Sign up to see all 7 Zenlayer investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Zenlayer
Zenlayer has acquired 2 companies to date.
Last acquisition by Zenlayer was on February 14th 2019. Zenlayer acquired DAHO Networks for undisclosed valuation.
Latest Acquisitions by Zenlayer
| Description | DAHO Networks is a Tel Aviv-based provider of software-defined networking and SD-WAN solutions with open APIs for interconnecting enterprise offices, data centers, and public clouds like AWS. | - |
| HQ Country | ||
| HQ City | Hangzhou | - |
| Deal Date | 14 Feb 2019 | 19 Dec 2017 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Zenlayer acquisitions and their M&A valuation multiples. Start Free Trial | ||
Zenlayer Competitors
Zenlayer competitors include listed companies like Oracle, IBM, NetApp and VeriSign, and private ones like Nscale and Cato Networks.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $67B | $33B | $455B | 7.8x | ||
| Publicly listed | $68B | $17B | $224B | 4.0x | ||
| Publicly listed | $6.9B | $1.8B | $39B | 5.1x | ||
| Publicly listed | $1.7B | $1.2B | $27B | 16.6x | ||
| Private | $33M | - | $15B | 442.4x | ||
| Private | $300M | - | $4.8B | 16.0x |
Zenlayer Public Comps
Zenlayer is still privately-owned, but its public comps include Alphabet, Microsoft, Amazon, Oracle, Cisco, Dell, Alibaba Group, Arista Networks, IBM and ServiceNow.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $403B | $176B | 10.2x | 8.7x | 23.3x | 19.0x | |||
| $332B | $205B | 11.1x | 10.7x | 18.0x | 17.5x | |||
| $717B | $161B | 3.9x | 3.5x | 17.5x | 13.8x | |||
| $67B | $33B | 8.6x | 7.8x | 17.7x | 13.9x | |||
| $63B | $19B | 7.1x | 6.9x | 23.4x | 17.9x | |||
| $114B | $12B | 3.5x | 2.4x | 34.3x | 20.1x | |||
| $153B | $15B | 1.7x | 1.6x | 17.5x | 13.0x | |||
| $9B | $3.9B | 26.5x | 20.5x | 60.5x | 41.7x | |||
This data is available for Pro users. Sign up to see all Zenlayer competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Zenlayer
| When was Zenlayer founded? | Zenlayer was founded in 2014. |
| Where is Zenlayer headquartered? | Zenlayer is headquartered in Los Angeles, CA, United States. |
| Is Zenlayer publicly listed? | No, Zenlayer is a private, VC-backed company. |
| How much funding has Zenlayer raised? | Zenlayer has raised $102M across 3 funding rounds. |
| What was Zenlayer's last funding round? | Zenlayer's last funding round was a $62M Series C in May 2021, led by Anatole and Prospect Avenue Capital. |
| Who are Zenlayer's investors? | Zenlayer's investors include F&G Venture, Volcanics Venture, MDI Ventures, Prospect Avenue Capital, Anatole, NSFOCUS and Forebright Capital. |
| Which companies are comparable to Zenlayer? | Companies comparable to Zenlayer include Oracle, IBM, NetApp, VeriSign, Nscale and Cato Networks. |
| How many companies has Zenlayer acquired? | Zenlayer has acquired 2 companies, including DAHO Networks and C3 Networks. |
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