Funding round
Guazi Used Car Series B
Guazi Used Car, which works in used car marketplace services in Chaoyang District, raised $400M in a Series B round announced on 16 Jun 2017, led by HSG. 12 firms took part, 5 of them already investors. It is Guazi Used Car's first venture round on record.
$400M
Amount raised
Not disclosed
Post-money valuation
12
Investors
1 lead
Valuation
What this round says about the price
Guazi Used Car did not disclose a valuation in this round. It is Guazi Used Car's first venture round on record, 2 years after it was founded in 2015. It is 15% of the $2.72B Guazi Used Car has raised in the venture rounds on record. Guazi Used Car raised again 9 months later: a Series C round of $818M in Mar 2018. Its next priced round, a Growth in Feb 2019, valued it at $9.00B.
Investors
Who put money in
HSG led the round with 11 other firms. HSG, Matrix Partners China, Lanchi Ventures and Hike Capital and 1 more had backed Guazi Used Car before.
Lead investor
- HSG backs 118 venture-backed companies existing investor
Also in the round
- Matrix Partners China existing investor
- backs 9 venture-backed companies existing investor
- Hike Capital existing investor
- backs 4 venture-backed companies new investor
- New Trend Equity Investment Fund Partnership new investor
- Beijing Jingxi Guigu Innovation Investment new investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- Jingxin Venture Capital new investor
- backs 15 venture-backed companies new investor
- backs 39 venture-backed companies existing investor
- West Fund new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series B rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| CARSOME Automobile Dealers & Manufacturers | 8 Mar 2018 | $19M | not disclosed | Burda Principal Investments |
| byton Automobile Dealers & Manufacturers | 11 Jun 2018 | $500M | not disclosed | not named |
| Automobile Dealers & Manufacturers | 2 Jun 2016 | $25M | $200M | BEENEXT and Digital Garage |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Guazi Used Car raise in its Series B round?
Guazi Used Car raised $400M in its Series B round, announced in Jun 2017.
Who led Guazi Used Car's Series B round?
HSG led it, with Matrix Partners China, Lanchi Ventures, Hike Capital, HCapital and New Trend Equity Investment Fund Partnership and 6 more.
What was Guazi Used Car's valuation at the Series B round?
It was not disclosed.
Did Guazi Used Car raise again after this round?
Yes: a Series C round in Mar 2018 of $818M.