Funding round
Lalamove Series E
Lalamove, which works in courier and delivery services in Taipei, raised $515M in a Series E round announced on 22 Dec 2020, led by HSG and Sequoia Capital, at a $8.00B post-money valuation. 5 firms took part. It is Lalamove's fourth venture round on record; the one before was a Series D in Feb 2019.
$515M
Amount raised
$8.00B
Post-money valuation
$7.49B pre-money
5
Investors
2 leads
8.0x
Step-up from the Series D
$1.00B in Feb 2019
6.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Lalamove at $8.00B after the new money, 8.0 times the $1.00B of its Series D (Feb 2019). The $515M bought investors about 6.4% of the company. It came 22 months after Lalamove's Series D. It is 21% of the $2.44B Lalamove has raised in the venture rounds on record. Lalamove raised again 1 month later: a Series F round of $1.50B in Jan 2021, at $10.00B 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 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 this round 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
HSG and Sequoia Capital led the round with 3 other firms.
Lead investors
- HSG backs 118 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies
Also in the round
- Hillhouse backs 54 venture-backed companies new investor
- backs 36 venture-backed companies new investor
- Xiaomi new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Shipping Couriers, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| XpressBees Shipping Couriers | 10 Nov 2020 | $110M | not disclosed | Investcorp and Norwest |
| StockX Clothing Stores | 16 Dec 2020 | $275M | $2.80B | Tiger Global |
| Creditas Loans & Financing | 18 Dec 2020 | $255M | $1.75B | not named |
| Electronical Components Manufacturing | 29 Dec 2020 | $222M | $2.77B | Ontario Teachers’ Pension Plan |
| Tech Companies | 2 Dec 2020 | $138M | not disclosed | Insight Partners |
| Investment Consultants & Financial Advisors | 5 Dec 2020 | $120M | not disclosed | Orchid Asia |
| Tech Companies | 8 Dec 2020 | $80M | not disclosed | Insight Partners |
| Kiavi Loans & Financing | 1 Dec 2020 | $75M | $405M | Benefit Street Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Lalamove raise in its Series E round?
Lalamove raised $515M in its Series E round, announced in Dec 2020.
Who led Lalamove's Series E round?
HSG and Sequoia Capital led it, with Hillhouse, Shunwei Capital and Xiaomi.
What was Lalamove's valuation at the Series E round?
$8.00B post-money ($7.49B pre-money).
Did Lalamove raise again after this round?
Yes: a Series F round in Jan 2021 of $1.50B at $10.00B post-money.