Funding round
Lalamove Series F
Lalamove, which works in courier and delivery services in Taipei, raised $1.50B in a Series F round announced on 20 Jan 2021, led by Hillhouse, at a $10.00B post-money valuation. 8 firms took part, 2 of them already investors. It is Lalamove's fifth venture round on record; the one before was a Series E in Dec 2020.
$1.50B
Amount raised
$10.00B
Post-money valuation
$8.50B pre-money
8
Investors
1 lead
1.3x
Step-up from the Series E
$8.00B in Dec 2020
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Lalamove at $10.00B after the new money, 1.3 times the $8.00B of its Series E (Dec 2020). The $1.50B bought investors about 15% of the company. It came 1 month after Lalamove's Series E. It is 61% of the $2.44B Lalamove has raised in the venture rounds on record. No later venture round is on record for Lalamove.
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 22 Dec 2020, led by HSG and Sequoia Capital $515M$8.00B post-money
- Series F this round 20 Jan 2021, led by Hillhouse $1.50B$10.00B post-money
Investors
Who put money in
Hillhouse led the round with 7 other firms. Hillhouse and HSG had backed Lalamove before.
Lead investor
- Hillhouse backs 54 venture-backed companies existing investor
Also in the round
- HSG backs 118 venture-backed companies existing investor
- backs 14 venture-backed companies new investor
- Tiger Global backs 391 venture-backed companies new investor
- D1 Capital Partners new investor
- backs 27 venture-backed companies new investor
- Archerman Capital new investor
- Aspex Management new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Sila Nanotechnologies Batteries | 26 Jan 2021 | $590M | $3.30B | Coatue |
| Tech Companies | 10 Jan 2021 | $360M | $2.00B | SoftBank Vision Fund |
| Tech Companies | 1 Jan 2021 | $150M | $1.00B | Goldman Sachs Asset Management |
| DataRobot Tech Companies | 9 Dec 2020 | $320M | $2.80B | Altimeter |
| Dataminr Tech Companies | 23 Mar 2021 | $475M | $4.10B | Eldridge Industries |
| Tech Companies | 17 Mar 2021 | $230M | $1.40B | Bessemer Venture Partners and Tiger Global |
| Tech Companies | 9 Mar 2021 | $220M | not disclosed | Georgian |
| Hopper Travel Agencies | 24 Mar 2021 | $170M | not disclosed | Capital One |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Lalamove raise in its Series F round?
Lalamove raised $1.50B in its Series F round, announced in Jan 2021.
Who led Lalamove's Series F round?
Hillhouse led it, with HSG, Boyu Capital, Tiger Global, D1 Capital Partners and Vitruvian Partners and 2 more.
What was Lalamove's valuation at the Series F round?
$10.00B post-money ($8.50B pre-money).