Funding round
Hive Box Series C
Hive Box, which works in intelligent hardware manufacturing in Hong Kong, raised $400M in a Series C round announced on 1 Jan 2021, led by Asia Forge (Cayman), at a $3.00B post-money valuation. 4 firms took part. It is Hive Box's second venture round on record; the one before was a Series B in Jan 2018.
$400M
Amount raised
$3.00B
Post-money valuation
4
Investors
1 lead
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Hive Box at $3.00B after the new money. The $400M bought investors about 13% of the company. It came 36 months after Hive Box's Series B. It is 55% of the $723M Hive Box has raised in the venture rounds on record. No later venture round is on record for Hive Box.
Hive Box's funding rounds
Hive Box has 2 venture rounds on record. This one is highlighted.
- Series B 1 Jan 2018 $323M
- Series C this round 1 Jan 2021, led by Asia Forge (Cayman) $400M$3.00B post-money
Investors
Who put money in
Asia Forge (Cayman) led the round with 3 other firms.
Lead investor
- Asia Forge (Cayman) new investor
Also in the round
- All-Stars Investment new investor
- Redview Capital new investor
- HSG backs 118 venture-backed companies new investor
Comparable rounds
How it compares
455 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 6.7 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Job&Talent Tech Companies | 8 Jan 2021 | $108M | not disclosed | InfraVia |
| Starburst Tech Companies | 6 Jan 2021 | $100M | $1.20B | Andreessen Horowitz |
| Harness Tech Companies | 14 Jan 2021 | $85M | $1.70B | Alkeon |
| Tech Companies | 14 Jan 2021 | $80M | not disclosed | Sanno Capital |
| Tech Companies | 7 Jan 2021 | $78M | not disclosed | Insight Partners |
| Tech Companies | 27 Jan 2021 | $70M | not disclosed | Cat Rock Capital |
| Tech Companies | 11 Jan 2021 | $51M | not disclosed | 红杉资本中国基金 |
| Tech Companies | 4 Jan 2021 | $50M | not disclosed | Greycroft |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Hive Box raise in its Series C round?
Hive Box raised $400M in its Series C round, announced in Jan 2021.
Who led Hive Box's Series C round?
Asia Forge (Cayman) led it, with All-Stars Investment, Redview Capital and HSG.
What was Hive Box's valuation at the Series C round?
$3.00B post-money.
How does it compare with other Series C rounds in Tech Companies?
455 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 6.7 times the median.