Funding round
Lalamove Series C
Lalamove, which works in courier and delivery services in Taipei, raised $100M in a Series C round announced on 11 Oct 2017, led by Shunwei Capital. 3 firms took part. It is Lalamove's second venture round on record; the one before was a Series B in Jan 2017.
$100M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Lalamove did not disclose a valuation in this round. It came 9 months after Lalamove's Series B. It is 4.1% of the $2.44B Lalamove has raised in the venture rounds on record. Lalamove raised again 16 months later: a Series D round of $300M in Feb 2019, at $1.00B post-money.
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 10 Jan 2017, led by Xiang He Capital $30M
- Series C this round 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
Shunwei Capital led the round with 2 other firms.
Lead investor
- backs 36 venture-backed companies new investor
Also in the round
- backs 14 venture-backed companies new investor
- backs 13 venture-backed companies 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: 2 in Shipping Couriers, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Shipping Couriers | 27 Jan 2018 | $87M | not disclosed | not named |
| Loggi Shipping Couriers | 1 Jan 2017 | $14M | not disclosed | not named |
| Mapbox Tech Companies | 10 Oct 2017 | $164M | not disclosed | SoftBank Vision Fund and SoftBank |
| Flexport Trucking and Logistics | 6 Oct 2017 | $110M | $910M | DST Global |
| Device Manufacturing | 3 Oct 2017 | $95M | $1.60B | Goldman Sachs |
| Travel Agencies | 25 Oct 2017 | $60M | not disclosed | Sequoia Capital and Goldman Sachs |
| Kiavi Loans & Financing | 17 Oct 2017 | $57M | not disclosed | not named |
| Tech Companies | 17 Oct 2017 | $50M | not disclosed | Undisclosed Investor |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Lalamove raise in its Series C round?
Lalamove raised $100M in its Series C round, announced in Oct 2017.
Who led Lalamove's Series C round?
Shunwei Capital led it, with Xiang He Capital and MindWorks.
What was Lalamove's valuation at the Series C round?
It was not disclosed.
Did Lalamove raise again after this round?
Yes: a Series D round in Feb 2019 of $300M at $1.00B post-money.