Funding round
CMC Group Series A
CMC Group, which works in content development and production in Shanghai, raised $1.50B in a Series A round announced on 3 Jul 2018, led by China Vanke Co Ltd, Alibaba and Tencent, at a $6.00B post-money valuation. 4 firms took part, 2 of them already investors.
$1.50B
Amount raised
$6.00B
Post-money valuation
$4.50B pre-money
4
Investors
3 leads
25%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced CMC Group at $6.00B after the new money. The $1.50B bought investors about 25% of the company. It is CMC Group's first venture round on record, 3 years after it was founded in 2015. No later venture round is on record for CMC Group.
CMC Group's funding rounds
This is the only venture round on record for CMC Group.
- Series A this round 3 Jul 2018, led by China Vanke Co Ltd, Alibaba and Tencent $1.50B$6.00B post-money
Investors
Who put money in
China Vanke Co Ltd, Alibaba and Tencent led the round with 1 other firm. Alibaba and Tencent had backed CMC Group before.
Lead investors
- China Vanke Co Ltd new investor
- Alibaba existing investor
- Tencent existing investor
Also in the round
- backs 15 venture-backed companies new investor
Comparable rounds
How it compares
6 Series A rounds in Video and Audio Production within a year either side disclosed an amount; the median was $7.5M, and this round was 200 times the median. The closest in time, other companies' Series A rounds in Video and Audio Production:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Video and Audio Production | 29 Apr 2018 | $9.0M | not disclosed | STV |
| Video and Audio Production | 17 Dec 2018 | $145M | not disclosed | The Raine Group |
| Video and Audio Production | 18 Dec 2018 | $8.8M | not disclosed | Forest Partners |
| Video and Audio Production | 1 Jan 2019 | $4.8M | not disclosed | not named |
| Video and Audio Production | 21 Feb 2019 | $4.3M | not disclosed | Cue Ball and Burda Principal Investments |
| Video and Audio Production | 8 Jul 2019 | $6.2M | not disclosed | Act Venture Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did CMC Group raise in its Series A round?
CMC Group raised $1.50B in its Series A round, announced in Jul 2018.
Who led CMC Group's Series A round?
China Vanke Co Ltd, Alibaba and Tencent led it, with CMB International Capital Corporation.
What was CMC Group's valuation at the Series A round?
$6.00B post-money ($4.50B pre-money).
How does it compare with other Series A rounds in Video and Audio Production?
6 Series A rounds in Video and Audio Production within a year either side disclosed an amount; the median was $7.5M, and this round was 200 times the median.