Funding round
Lalamove Series B
Lalamove, which works in courier and delivery services in Taipei, raised $30M in a Series B round announced on 10 Jan 2017, led by Xiang He Capital. 4 firms took part. It is Lalamove's first venture round on record.
$30M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Lalamove did not disclose a valuation in this round. It is Lalamove's first venture round on record, 4 years after it was founded in 2013. It is 1.2% of the $2.44B Lalamove has raised in the venture rounds on record. Lalamove raised again 9 months later: a Series C round of $100M in Oct 2017. Its next priced round, a Series D in Feb 2019, valued it at $1.00B.
Lalamove's funding rounds
Lalamove has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Other not a venture round 8 Sep 2015, led by MindWorks, AppWorks and Crystal Stream $10M
- Series B this round 10 Jan 2017, led by Xiang He Capital $30M
- Series C 11 Oct 2017, led by Shunwei Capital $100M
- Series D 20 Feb 2019, led by Hillhouse, Sequoia Capital and HSG $300M$1.00B post-money
- Series E 22 Dec 2020, led by HSG and Sequoia Capital $515M$8.00B post-money
- Series F 20 Jan 2021, led by Hillhouse $1.50B$10.00B post-money
Investors
Who put money in
Xiang He Capital led the round with 3 other firms.
Lead investor
- backs 14 venture-backed companies new investor
Also in the round
- Blackhole Capital new investor
- backs 13 venture-backed companies new investor
- Crystal Stream new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing and scaling operations.
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
The closest in time: 1 in Shipping Couriers, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Shipping Couriers | 19 Apr 2016 | $30M | not disclosed | Abraaj Group |
| Tech Companies | 23 Jan 2017 | $165M | not disclosed | Insight Partners |
| Synthego Pharmaceutical Products | 4 Jan 2017 | $42M | not disclosed | 8VC |
| Tech Companies | 26 Jan 2017 | $25M | not disclosed | Lightspeed Venture Partners |
| Biotechnology | 1 Jan 2017 | $23M | not disclosed | Venrock |
| Tech Companies | 1 Jan 2017 | $22M | not disclosed | Carrick Capital Partners |
| Industrial Machinery & Supplies | 19 Jan 2017 | $22M | not disclosed | Alsop Louie Partners |
| Tech Companies | 31 Jan 2017 | $20M | not disclosed | General Catalyst |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Lalamove raise in its Series B round?
Lalamove raised $30M in its Series B round, announced in Jan 2017.
Who led Lalamove's Series B round?
Xiang He Capital led it, with Blackhole Capital, MindWorks and Crystal Stream.
What was Lalamove's valuation at the Series B round?
It was not disclosed.
Did Lalamove raise again after this round?
Yes: a Series C round in Oct 2017 of $100M.