Funding round
ESWIN Computing Series B
ESWIN Computing, which works in semiconductor IC and solutions development in Yuexiu District, raised $283M in a Series B round announced on 8 Jun 2020, led by Legend Capital and IDG Capital. 6 firms took part. It is ESWIN Computing's first venture round on record.
$283M
Amount raised
Not disclosed
Post-money valuation
6
Investors
2 leads
Valuation
What this round says about the price
ESWIN Computing did not disclose a valuation in this round. It is ESWIN Computing's first venture round on record, 1 year after it was founded in 2019. It is 26% of the $1.10B ESWIN Computing has raised in the venture rounds on record. ESWIN Computing raised again 18 months later: a Series C round of $392M in Dec 2021.
ESWIN Computing's funding rounds
ESWIN Computing has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Legend Capital and IDG Capital led the round with 4 other firms.
Lead investors
- Legend Capital new investor
- IDG Capital new investor
Also in the round
- Riverhead Capital Investment Management new investor
- backs 3 venture-backed companies new investor
- Haining City new investor
- Zhejiang Province new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
24 Series B rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $20M, and this round was 14 times the median. The closest in time, other companies' Series B rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 3 Apr 2020 | $49M | not disclosed | Walden International |
| Electronical Components Manufacturing | 5 Mar 2020 | $60M | not disclosed | not named |
| Electronical Components Manufacturing | 30 Mar 2020 | $42M | not disclosed | not named |
| Electronical Components Manufacturing | 14 Oct 2020 | $44M | $104M | 40 North Ventures and Piva Capital |
| Electronical Components Manufacturing | 18 Feb 2020 | $20M | not disclosed | Artiman Ventures and Robert Bosch Venture Capital |
| Ayar Labs Electronical Components Manufacturing | 5 Nov 2020 | $35M | not disclosed | Downing Ventures and BlueSky Capital |
| Electronical Components Manufacturing | 17 Nov 2020 | $20M | not disclosed | M Ventures and imec.xpand |
| Electronical Components Manufacturing | 22 Jan 2020 | $7.3M | not disclosed | Clean Energy Ventures and Skyview Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did ESWIN Computing raise in its Series B round?
ESWIN Computing raised $283M in its Series B round, announced in Jun 2020.
Who led ESWIN Computing's Series B round?
Legend Capital and IDG Capital led it, with Riverhead Capital Investment Management, Lighthouse Capital, Haining City and Zhejiang Province.
What was ESWIN Computing's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Electronical Components Manufacturing?
24 Series B rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $20M, and this round was 14 times the median.
Did ESWIN Computing raise again after this round?
Yes: a Series C round in Dec 2021 of $392M.