NewLink valuation, funding and investors
NewLink works in energy retail management services, based in Pingfang, China. Founded in 2016, it has about 31 employees.
VALUATION · TODAY
$3.94B −0% after Series E
Range $423M – $5.59B · Grade DTODAY
+12 MO
$2.00B
$4.00B
$6.00B
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Growth $200M
Series E $308M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY31 employees
+11%6m growth
+29%1y growth
+63%2y growth
20
40
Data from May 2023
Predicted in 1 yr $3.92B −0% vs today
Predicted next raise $502M if a round comes
Winding-down probability 0%
- Last round
- Series E · $308M · Aug 2021
- Valuation at last round
- $3.05B · implied
- Headcount
- 31 · up
- Grade
- D
- Founded
- 2016
NewLink valuation today
VCMC values NewLink at $3.9B today, with a range of $423M to $5.6B and a grade of D. The valuation starts from its last funding round, a Series E round in Aug 2021.
Valuation by date (133 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2016 | $2.32M | $0.85M – $6.38M | $2.78M (+20%) | before first round | – | unknown | D | 0% |
| 1 Feb 2016 | $2.33M | $0.85M – $6.41M | $2.86M (+23%) | before first round | – | unknown | D | 0% |
| 1 Mar 2016 | $2.34M | $0.85M – $6.43M | $2.93M (+25%) | before first round | – | unknown | D | 0% |
| 1 Apr 2016 | $2.35M | $0.86M – $6.46M | $3.01M (+28%) | before first round | – | unknown | D | 0% |
| 1 May 2016 | $2.36M | $0.86M – $6.48M | $3.09M (+31%) | before first round | – | unknown | D | 0% |
| 1 Jun 2016 | $2.37M | $0.86M – $6.51M | $3.18M (+34%) | before first round | – | unknown | D | 0% |
| 1 Jul 2016 | $2.38M | $0.87M – $6.53M | $3.26M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2016 | $2.44M | $0.89M – $6.71M | $3.35M (+37%) | before first round | – | unknown | D | 0% |
| 1 Sep 2016 | $2.51M | $0.91M – $6.89M | $3.44M (+37%) | before first round | – | unknown | D | 0% |
| 1 Oct 2016 | $2.57M | $0.94M – $7.07M | $3.53M (+37%) | before first round | – | unknown | D | 0% |
| 1 Nov 2016 | $2.64M | $0.96M – $7.26M | $3.62M (+37%) | before first round | – | unknown | D | 0% |
| 1 Dec 2016 | $2.71M | $0.99M – $7.45M | $3.72M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jan 2017 | $2.78M | $1.01M – $7.65M | $3.82M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2017 | $2.86M | $1.04M – $7.86M | $3.92M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2017 | $2.93M | $1.07M – $8.05M | $4.02M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2017 | $3.01M | $1.10M – $8.27M | $4.13M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2017 | $3.09M | $1.12M – $8.48M | $4.23M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2017 | $3.17M | $1.15M – $8.71M | $4.35M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2017 | $3.26M | $1.19M – $8.94M | $4.46M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2017 | $3.34M | $1.22M – $9.19M | $4.58M (+37%) | before first round | – | unknown | D | 0% |
| 1 Sep 2017 | $3.43M | $1.25M – $9.44M | $4.71M (+37%) | before first round | – | unknown | D | 0% |
| 1 Oct 2017 | $3.53M | $1.28M – $9.68M | $4.83M (+37%) | before first round | – | unknown | D | 0% |
| 1 Nov 2017 | $3.62M | $1.32M – $9.95M | $4.96M (+37%) | before first round | – | unknown | D | 0% |
| 1 Dec 2017 | $3.72M | $1.35M – $10.2M | $5.09M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jan 2018 | $3.82M | $1.39M – $10.5M | $5.23M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $3.92M | $1.43M – $10.8M | $5.38M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $4.02M | $1.46M – $11.0M | $5.51M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $4.13M | $1.50M – $11.3M | $5.66M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2018 | $4.23M | $1.54M – $11.6M | $5.81M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2018 | $4.35M | $1.58M – $11.9M | $5.96M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2018 | $4.46M | $1.62M – $12.3M | $6.12M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2018 | $4.58M | $1.67M – $12.6M | $6.18M (+35%) | before first round | – | unknown | D | 0% |
| 1 Sep 2018 | $4.71M | $1.71M – $12.9M | $6.24M (+32%) | before first round | – | unknown | D | 0% |
| 1 Oct 2018 | $4.83M | $1.76M – $13.3M | $6.29M (+30%) | before first round | – | unknown | D | 0% |
| 1 Nov 2018 | $4.96M | $1.81M – $13.6M | $6.35M (+28%) | before first round | – | unknown | D | 0% |
| 1 Dec 2018 | $5.09M | $1.85M – $14.0M | $6.41M (+26%) | before first round | – | unknown | D | 0% |
| 1 Jan 2019 | $5.23M | $1.91M – $14.4M | $6.47M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $5.38M | $1.96M – $14.8M | $6.53M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $5.51M | $2.01M – $15.1M | $6.58M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $5.66M | $2.06M – $15.5M | $6.64M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $5.81M | $2.11M – $15.9M | $6.70M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $5.96M | $2.17M – $16.4M | $6.76M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $6.12M | $2.23M – $16.8M | $6.82M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $6.18M | $2.25M – $17.0M | $6.88M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2019 | $6.24M | $2.27M – $17.1M | $6.95M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2019 | $6.29M | $2.29M – $17.3M | $7.01M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2019 | $6.35M | $2.31M – $17.4M | $7.07M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2019 | $6.41M | $2.33M – $17.6M | $7.14M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2020 | $6.47M | $2.35M – $17.8M | $7.20M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $6.53M | $2.38M – $17.9M | $7.27M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $6.58M | $2.40M – $18.1M | $7.33M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $6.64M | $2.42M – $18.2M | $7.40M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $6.70M | $2.44M – $18.4M | $7.46M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $6.76M | $2.46M – $18.6M | $7.53M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $6.82M | $2.48M – $18.7M | $7.60M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $6.89M | $2.51M – $18.9M | $7.67M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $6.95M | $2.53M – $19.1M | $7.74M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $7.01M | $2.55M – $19.3M | $7.81M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $7.08M | $2.58M – $19.4M | $7.88M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $7.14M | $2.60M – $19.6M | $7.95M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $7.20M | $2.62M – $19.8M | $8.02M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2021 | $7.27M | $2.65M – $20.0M | $8.08M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2021 | $7.33M | $2.67M – $20.1M | $8.14M (+11%) | before first round | – | unknown | D | 0% |
| 23 Mar 2021 | $1.9B | $1.3B – $3.2B | $2.1B (+10%) | after a round | – | unknown | B | 0% |
| 1 Apr 2021 | $1.9B | $1.3B – $3.2B | $2.1B (+10%) | after a round | – | unknown | B | 0% |
| 1 May 2021 | $2.0B | $1.3B – $3.2B | $2.1B (+9%) | after a round | – | unknown | B | 0% |
| 1 Jun 2021 | $2.0B | $1.3B – $3.2B | $2.1B (+8%) | after a round | – | unknown | B | 0% |
| 1 Jul 2021 | $2.0B | $1.3B – $3.2B | $2.1B (+7%) | after a round | – | unknown | B | 0% |
| 1 Aug 2021 | $2.0B | $1.3B – $3.2B | $2.1B (+6%) | after a round | – | unknown | B | 0% |
| 20 Aug 2021 | $3.1B | $2.2B – $5.6B | $4.0B (+30%) | after a round | – | unknown | B | 0% |
| 1 Sep 2021 | $3.1B | $2.2B – $5.6B | $4.0B (+29%) | after a round | – | unknown | B | 0% |
| 1 Oct 2021 | $3.1B | $2.2B – $5.6B | $4.0B (+26%) | after a round | – | unknown | B | 0% |
| 1 Nov 2021 | $3.2B | $2.2B – $5.6B | $4.0B (+23%) | after a round | – | unknown | B | 0% |
| 1 Dec 2021 | $3.3B | $2.2B – $5.6B | $4.0B (+21%) | after a round | – | unknown | B | 0% |
| 1 Jan 2022 | $3.4B | $2.2B – $5.6B | $4.0B (+18%) | after a round | – | unknown | B | 0% |
| 1 Feb 2022 | $3.4B | $2.2B – $5.6B | $4.0B (+15%) | after a round | – | unknown | B | 0% |
| 1 Mar 2022 | $3.5B | $2.2B – $5.6B | $4.0B (+13%) | after a round | – | unknown | B | 0% |
| 1 Apr 2022 | $3.6B | $2.2B – $5.6B | $4.0B (+11%) | after a round | – | unknown | B | 0% |
| 1 May 2022 | $3.7B | $2.2B – $5.6B | $4.0B (+8%) | after a round | – | unknown | B | 0% |
| 1 Jun 2022 | $3.8B | $2.2B – $5.6B | $4.0B (+6%) | after a round | – | unknown | B | 0% |
| 1 Jul 2022 | $3.8B | $2.2B – $5.6B | $4.0B (+4%) | after a round | – | unknown | B | 0% |
| 1 Aug 2022 | $3.9B | $2.2B – $5.6B | $4.0B (+1%) | after a round | – | unknown | B | 0% |
| 1 Sep 2022 | $4.0B | $2.1B – $5.6B | $4.0B (0%) | after a round | – | unknown | B | 0% |
| 1 Oct 2022 | $4.0B | $2.0B – $5.6B | $4.0B (0%) | after a round | – | unknown | B | 0% |
| 1 Nov 2022 | $4.0B | $1.9B – $5.6B | $4.0B (0%) | after a round | – | unknown | B | 0% |
| 1 Dec 2022 | $4.0B | $1.8B – $5.6B | $4.0B (0%) | after a round | – | unknown | B | 0% |
| 1 Jan 2023 | $4.0B | $1.8B – $5.6B | $4.0B (0%) | after a round | – | unknown | B | 0% |
| 1 Feb 2023 | $4.0B | $1.7B – $5.6B | $4.0B (0%) | after a round | – | unknown | C | 0% |
| 1 Mar 2023 | $4.0B | $1.6B – $5.6B | $4.0B (0%) | after a round | – | unknown | C | 0% |
| 1 Apr 2023 | $4.0B | $1.5B – $5.6B | $4.0B (0%) | after a round | – | unknown | C | 0% |
| 1 May 2023 | $4.0B | $1.5B – $5.6B | $4.0B (0%) | after a round | 4 | unknown | C | 0% |
| 1 Jun 2023 | $4.0B | $1.4B – $5.6B | $4.0B (0%) | after a round | 4 | unknown | C | 0% |
| 1 Jul 2023 | $4.0B | $1.3B – $5.6B | $4.0B (0%) | after a round | 4 | unknown | C | 0% |
| 1 Aug 2023 | $4.0B | $1.3B – $5.6B | $4.0B (0%) | after a round | 4 | unknown | C | 0% |
| 1 Sep 2023 | $4.0B | $1.2B – $5.6B | $4.0B (0%) | after a round | 4 | unknown | C | 0% |
| 1 Oct 2023 | $4.0B | $2.2B – $5.6B | $4.0B (0%) | after a round | 15 | growing | B | 0% |
| 1 Nov 2023 | $4.0B | $2.2B – $5.6B | $4.0B (0%) | after a round | 15 | growing | B | 0% |
| 1 Dec 2023 | $4.0B | $2.2B – $5.6B | $4.0B (0%) | after a round | 15 | growing | B | 0% |
| 1 Jan 2024 | $4.0B | $2.2B – $5.6B | $4.0B (0%) | after a round | 15 | growing | B | 0% |
| 1 Feb 2024 | $4.0B | $2.2B – $5.6B | $4.0B (0%) | after a round | 19 | growing | B | 0% |
| 1 Mar 2024 | $4.0B | $2.2B – $5.6B | $4.0B (0%) | after a round | 19 | growing | B | 0% |
| 1 Apr 2024 | $4.0B | $2.2B – $5.6B | $4.0B (0%) | after a round | 19 | growing | B | 0% |
| 1 May 2024 | $4.0B | $2.2B – $5.6B | $4.0B (0%) | after a round | 19 | growing | B | 0% |
| 1 Jun 2024 | $4.0B | $2.2B – $5.6B | $4.0B (0%) | after a round | 19 | growing | B | 0% |
| 1 Jul 2024 | $4.0B | $2.2B – $5.6B | $4.0B (0%) | after a round | 18 | growing | B | 0% |
| 1 Aug 2024 | $4.0B | $2.2B – $5.6B | $4.0B (0%) | after a round | 19 | growing | B | 0% |
| 1 Sep 2024 | $4.0B | $1.9B – $5.6B | $4.0B (0%) | after a round | 19 | growing | B | 0% |
| 1 Oct 2024 | $4.0B | $1.9B – $5.6B | $4.0B (0%) | after a round | 19 | growing | B | 0% |
| 1 Nov 2024 | $4.0B | $1.9B – $5.6B | $4.0B (0%) | after a round | 22 | growing | B | 0% |
| 1 Dec 2024 | $4.0B | $1.9B – $5.6B | $3.9B (-1%) | after a round | 22 | growing | B | 0% |
| 1 Jan 2025 | $4.0B | $1.8B – $5.6B | $3.9B (-1%) | after a round | 22 | growing | B | 0% |
| 1 Feb 2025 | $4.0B | $1.8B – $5.6B | $3.9B (-1%) | after a round | 22 | growing | B | 0% |
| 1 Mar 2025 | $4.0B | $1.8B – $5.6B | $3.9B (-1%) | after a round | 22 | growing | B | 0% |
| 1 Apr 2025 | $4.0B | $1.8B – $5.6B | $3.9B (-1%) | after a round | 22 | growing | B | 0% |
| 1 May 2025 | $3.8B | $834M – $5.4B | $3.6B (-6%) | after a round | 22 | up | C | 0% |
| 1 Jun 2025 | $3.8B | $807M – $5.4B | $3.5B (-6%) | after a round | 22 | up | C | 0% |
| 1 Jul 2025 | $3.9B | $782M – $5.6B | $3.9B (-1%) | after a round | 24 | up | C | 0% |
| 1 Aug 2025 | $3.9B | $757M – $5.6B | $3.9B (-1%) | after a round | 24 | up | D | 0% |
| 1 Sep 2025 | $4.0B | $603M – $5.6B | $3.9B (0%) | after a round | 24 | up | D | 0% |
| 1 Oct 2025 | $3.9B | $582M – $5.6B | $3.9B (-1%) | after a round | 24 | up | D | 0% |
| 1 Nov 2025 | $3.9B | $560M – $5.6B | $3.9B (-1%) | after a round | 24 | up | D | 0% |
| 1 Dec 2025 | $4.0B | $1.4B – $5.6B | $4.0B (0%) | after a round | 26 | growing | C | 0% |
| 1 Jan 2026 | $4.0B | $1.4B – $5.6B | $4.0B (0%) | after a round | 26 | growing | C | 0% |
| 1 Feb 2026 | $3.9B | $1.4B – $5.6B | $3.9B (-1%) | after a round | 26 | growing | C | 0% |
| 1 Mar 2026 | $3.8B | $485M – $5.4B | $3.8B (-2%) | after a round | 28 | up | D | 0% |
| 1 Apr 2026 | $3.8B | $467M – $5.4B | $3.7B (-2%) | after a round | 28 | up | D | 0% |
| 1 May 2026 | $3.9B | $450M – $5.6B | $3.9B (-1%) | after a round | 29 | up | D | 0% |
| 1 Jun 2026 | $3.7B | $434M – $5.3B | $3.6B (-3%) | after a round | 29 | up | D | 0% |
| 1 Jul 2026 | $3.7B | $423M – $5.3B | $3.6B (-3%) | after a round | 29 | up | D | 0% |
| 1 Aug 2026 | $3.9B | $423M – $5.5B | $3.8B (-1%) | after a round | 31 | up | D | 0% |
| 1 Sep 2026 | $3.9B | $423M – $5.6B | $3.9B (-1%) | after a round | 31 | up | D | 0% |
| 1 Oct 2026 | $3.9B | $423M – $5.6B | $3.9B (0%) | after a round | 31 | up | D | 0% |
| 24 Oct 2026 | $3.9B | $423M – $5.6B | $3.9B (0%) | after a round | 31 | up | D | 0% |
Key facts about NewLink
- Founded
- 2016
- Headquarters
- Pingfang, China
- Employees
- about 31 +29% in a year
- Total raised
- $508M
- Funding rounds
- 2
- Last round
- Series E Aug 2021
NewLink was founded in 2016 by Dai Zhen and Wang Yang.
NewLink funding history
NewLink has 2 funding rounds on record, from Mar 2021 to Aug 2021, $508M in total. None disclosed a valuation.
Series E 19 Aug 2021
With Bain Capital.
$308M
Growth Equity 22 Mar 2021
Led by Bain Capital Private Equity, Bain Capital; with Joy Capital.
Sources: baincapital.com, prnewswire.com, globalfintechseries.com
$200M
NewLink investors
3 investors have backed NewLink; Bain Capital and Bain Capital Private Equity led at least one round.
- Joy Capital
What NewLink does
NewLink works in renewable energy companies, with 15 recorded offerings and customers in energy and logistics.
NewLink (能链) is a Chinese private enterprise engaged in providing energy industry services, including digital marketing, energy retail management, energy supply chain finance, energy insurance, energy data services, and energy logistics solutions. The company operates a comprehensive energy ecosystem that connects upstream and downstream participants in the energy sector, covering oil, electricity, hydrogen, and gas. NewLink also develops smart hardware and software solutions, and operates subsidiaries focused on charging services and logistics and supply chain solutions. The company serves both business and individual customers in China and internationally, and is involved in carbon neutrality research and the development of smart energy solutions.
Description from Veridion's company data.
Products and services
- Energy Retail Management Services
- Energy Supply Chain Finance Services
- Energy Insurance Services
- Energy Data Analytics Services
- Energy Logistics Solutions
- Digital Marketing Services
- IoT-Based Energy Solutions Development
- Smart Hardware and Software Development
- Charging Infrastructure Solutions
- Non-Electric Energy Services
- Carbon Neutrality Research and Promotion
- Fuel Quality Upgrade Promotion Services
- Green Energy Promotion Services
- Strategic Energy Partnership Development
- International Energy Collaboration Services
Markets
- Energy
- Logistics
Technology
- IoT for Energy Logistics
- Smart Hardware for Energy Retail
- Smart Software for Energy Supply Chain Finance
Business model
- Business-to-Business
- Business-to-Consumer
- Service Provider
- Software-as-a-Service
- Enterprise
Industry codes (NAICS)
- 424720 Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) 40% match
- 522299 International, Secondary Market, and All Other Nondepository Credit Intermediation 20% match
- 488510 Freight Transportation Arrangement 15% match
- 541512 Computer Systems Design Services 15% match
- 524210 Insurance Agencies and Brokerages 10% match
Questions about NewLink
What is NewLink worth?
Valuation $3.9B (range $423M to $5.6B), as of 24 Oct 2026.
Has NewLink raised money?
NewLink has 2 funding rounds on record, from Mar 2021 to Aug 2021, $508M in total. None disclosed a valuation.
Who has invested in NewLink?
Bain Capital, Bain Capital Private Equity and Joy Capital. Lead investors include Bain Capital and Bain Capital Private Equity.
How many people work at NewLink?
About 31, up 29% over the last year. Headcount grew from 4 in May 2023 to 31 in Sep 2026.
What does NewLink do?
NewLink works in renewable energy companies, with 15 recorded offerings and customers in energy and logistics. Its main offerings are energy retail management services, energy supply chain finance services and energy insurance services.
When was NewLink founded, and where is it based?
NewLink was founded in 2016 and is based in Pingfang, China. It has about 31 employees, up 29% over the last year.