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- Zhaogang.com
Zhaogang.com Valuation, Funding & Investors
Zhaogang.com is valued at $989M as of January 2016.
Last Zhaogang.com valuation
$989M
Series E · Jan 2016
Last Zhaogang.com funding round
$74M
Series F · Jul 2017
Cumulative funding Zhaogang.com raised
$378M
across 5 funding rounds
Key investors in Zhaogang.com
Matrix Partners China
HSG
K2VC
Bull Capital
IDG Capital
ZhenFund
About Zhaogang.com
Zhaogang.com is a steel trading information service platform launched in 2012 for buyers and suppliers in China. The website secured ten million dollars in angel funding by the end of 2011 and operates via zhaogang.com.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission
Valuation
$989M (Jan 2016)
Zhaogang.com Valuation
Zhaogang.com is currently valued at $989M, based on its Series E in January 2016.
The $167M round was led by Yunqi Partners and Zhongtai Securities, with participation from Shougang Group Co, Ltd. and JC Capital.
Zhaogang.com's valuation has grown 4.9x from $200M at its Series C in December 2013 to $989M in January 2016, across 2 priced rounds.
Zhaogang.com valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2016 | Series E | $989M |
| Dec 2013 | Series C | $200M |
Zhaogang.com Funding History
Zhaogang.com has raised a total of $378M across 5 funding rounds.
Zhaogang.com's first fundraising round was a $2M Series B in January 2013. The most recent completed round was a $74M Series F in July 2017.
Zhaogang.com funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2017 | Series F | West Fund (lead); Russia-China Investment Fund; Russian Direct Investment Fund | $74M | - | Zhaogang.com, founded in March 2012 by Wang Dong, is China's largest B2B e-commerce platform specializing in the steel industry. The company operates as a digital marketplace connecting steel manufacturers, distributors, and buyers, facilitating transactions in one of China's largest industrial sectors. By June 2018, Zhaogang.com had secured relationships with 115 steel factories as partners and employed more than 1,300 people nationwide. In 2017, the company generated CNY 17.5 billion in revenue. The company had raised more than CNY 2 billion across six financing rounds from prominent investors including Sequoia Capital, MatrixPartners China, IDG Capital, China Renaissance, and ZhenFund. Zhaogang.com filed for listing on the Hong Kong Stock Exchange in June 2018, though the company was waiting for favorable market conditions to proceed with its IPO at that time. |
| Jan 2016 | Series E | Yunqi Partners (lead); Zhongtai Securities (lead); Shougang Group Co, Ltd.; JC Capital | $167M | $989M | Zhaogang.com (ZG Group) is an online steel trading platform connecting buyers and sellers in China's metals industry. The targeted Series E round around May 2016 involved investors JC Capital, Shougang Group Co., Ltd., Yunqi Partners, and Zhongtai Securities as leads. The company continued raising capital post-2016, reaching Series F in 2017 at $1B valuation, Series F-II in July 2017, and an acquisition-pending deal in August 2023. |
| Jan 2015 | Series D | Huasheng Capital (lead); IDG Capital (lead); Matrix Partners China; Bull Capital; HSG; MSA Capital | $100M | - | Zhaogang.com, a Shanghai-based steel trading website, completed a US$100 million Series D financing round on January 21, 2015, led by IDG Capital and Huasheng Capital, with participation from Bull Capital, HSG, Huasheng Capital, IDG Capital, Matrix Partners China, and MSA Capital. The platform operates as an online marketplace for steel and related commodities. |
| Dec 2013 | Series C | Bull Capital (lead); HSG (lead); Matrix Partners China; K2VC | $35M | $200M | - |
| Jan 2013 | Series B | Matrix Partners China; ZhenFund; K2VC | $2M | - | - |
Who has invested in Zhaogang.com?
15 investors have backed Zhaogang.com across its funding rounds, including Matrix Partners China, HSG, K2VC, Bull Capital, IDG Capital and ZhenFund.
Lead investors include West Fund, Yunqi Partners, Zhongtai Securities, Huasheng Capital, IDG Capital and 2 other investors.
Zhaogang.com Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Jan 2013 | ||
| 2 | Lead | Dec 2013 | ||
| 2 | Participant | Jan 2013 | ||
| 2 | Lead | Dec 2013 | ||
| 1 | Participant | Jan 2013 | ||
| 1 | Lead | Jul 2017 | ||
| 1 | Participant | Jul 2017 | ||
| 1 | Lead | Jan 2015 | ||
| 1 | Lead | Jan 2015 | ||
| 1 | Participant | Jul 2017 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Lead | Jan 2016 | ||
| 1 | Lead | Jan 2016 | ||
This data is available for Pro users. Sign up to see all 15 Zhaogang.com investors. Start Free Trial | ||||
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 TrialInvestments by Zhaogang.com
Zhaogang.com has invested in 1 company to date.
Latest investment by Zhaogang.com was on February 9th 2018. Zhaogang.com invested in Haogongpin in their $15M Series A round.
Latest Investments by Zhaogang.com
| Description | Haogongpin is a B2B e-commerce platform in China specializing in standard mechanical parts such as fasteners and components. The company streamlines procurement by integrating product research and development, selection tools, process design, assembly instructions, manufacturing, sales, and on-site technical support. Headquartered in Shanghai, Haogongpin serves manufacturing industries including automotive and electronics assembly. Its platform facilitates direct ordering and delivery to reduce supply chain barriers for engineers and procurement teams. |
| HQ Country | |
| HQ City | Hangzhou |
| Deal Date | 9 Feb 2018 |
| Round | Series A |
| Raised | $15M |
| Investors | 51zhaoyou.com; DHVC |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Zhaogang.com investments and their VC round multiples. Start Free Trial | |
Zhaogang.com Competitors
Zhaogang.com competitors include listed companies like Upwork and Izumi Co, and private ones like Huochebang, Jumbotail, PaleBlueDot AI and Xendit.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | $88M | - | $1B | 11.4x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $788M | $180M | $1.1B | 1.1x | ||
| Publicly listed | $3.7B | $300M | $1.4B | 0.6x |
Zhaogang.com Public Comps
Zhaogang.com is still privately-owned, but its public comps include Grupa Pracuj, Nextdoor, LegalZoom, Tripadvisor, Indiamart, Upwork, Web Travel Group, Trainline, UT Group and Baltic Classifieds Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $214M | $95M | 4.6x | 4.4x | 10.3x | 9.7x | |||
| $258M | ($69M) | 2.4x | 2.2x | (8.8x) | 27.8x | |||
| $756M | $74M | 1.2x | 1.1x | 12.1x | 4.8x | |||
| $1.9B | $160M | 0.6x | 0.6x | 6.8x | 4.2x | |||
| $164M | $70M | 4.2x | 4.1x | 9.9x | 11.9x | |||
| $788M | $180M | 1.0x | 1.1x | 4.6x | 3.6x | |||
| $280M | $86M | 2.7x | 2.6x | 8.8x | 7.0x | |||
| $608M | $221M | 1.9x | 1.9x | 5.3x | 4.8x | |||
This data is available for Pro users. Sign up to see all Zhaogang.com competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Zhaogang.com
| When was Zhaogang.com founded? | Zhaogang.com was founded in 2012. |
| Where is Zhaogang.com headquartered? | Zhaogang.com is headquartered in Shanghai, China. |
| Is Zhaogang.com publicly listed? | No, Zhaogang.com is a private, VC-backed company. |
| What is Zhaogang.com's valuation? | Zhaogang.com was last valued at $989M in its Series E in January 2016. |
| How much funding has Zhaogang.com raised? | Zhaogang.com has raised $378M across 5 funding rounds. |
| What was Zhaogang.com's last funding round? | Zhaogang.com's last funding round was a $74M Series F in July 2017, led by West Fund. |
| Who are Zhaogang.com's investors? | Zhaogang.com's investors include Matrix Partners China, Bull Capital, K2VC, HSG, ZhenFund, West Fund, Russia-China Investment Fund, IDG Capital, Huasheng Capital, Russian Direct Investment Fund and 5 others. |
| Which companies are comparable to Zhaogang.com? | Companies comparable to Zhaogang.com include Huochebang, Jumbotail, PaleBlueDot AI, Xendit, Upwork and Izumi Co. |
| How many companies has Zhaogang.com invested in? | Zhaogang.com has invested in 1 company, including Haogongpin. |
| What was Zhaogang.com's last investment? | In February 2018, Zhaogang.com invested in Haogongpin's $15M Series A alongside 51zhaoyou.com and DHVC. |
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