Funding round
JINGDONG Property Series B
JINGDONG Property, which works in infrastructure development and management in Yuexiu District, raised $800M in a Series B round announced on 28 Mar 2022, led by Hillhouse and Warburg Pincus. 3 firms took part.
$800M
Amount raised
Not disclosed
Post-money valuation
3
Investors
2 leads
Valuation
What this round says about the price
JINGDONG Property did not disclose a valuation in this round. It is JINGDONG Property's first venture round on record, 4 years after it was founded in 2018. No later venture round is on record for JINGDONG Property.
JINGDONG Property's funding rounds
This is the only venture round on record for JINGDONG Property.
- Series B this round 28 Mar 2022, led by Hillhouse and Warburg Pincus $800M
Investors
Who put money in
Hillhouse and Warburg Pincus led the round with 1 other firm.
Lead investors
- Hillhouse backs 54 venture-backed companies new investor
- Warburg Pincus backs 76 venture-backed companies new investor
Also in the round
- one leading global institutional investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series B rounds in Real Estate Investment:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Real Estate Investment | 12 Apr 2022 | $75M | not disclosed | Oak HC/FT |
| Real Estate Investment | 1 May 2022 | $20M | not disclosed | not named |
| Real Estate Investment | 21 Dec 2022 | $35M | not disclosed | Cox Enterprises and Pendulum |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did JINGDONG Property raise in its Series B round?
JINGDONG Property raised $800M in its Series B round, announced in Mar 2022.
Who led JINGDONG Property's Series B round?
Hillhouse and Warburg Pincus led it, with one leading global institutional investor.
What was JINGDONG Property's valuation at the Series B round?
It was not disclosed.