Funding round
Yuan Qi Forest Growth
Reported as "Growth Equity"
Yuan Qi Forest, which works in beverage manufacturing and distribution in China, raised $500M in a Growth round announced on 9 Apr 2021, led by HSG, at a $6.00B post-money valuation. 6 firms took part, 2 of them already investors.
$500M
Amount raised
$6.00B
Post-money valuation
6
Investors
1 lead
8.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Yuan Qi Forest at $6.00B after the new money. The $500M bought investors about 8.3% of the company. It is Yuan Qi Forest's first venture round on record, 5 years after it was founded in 2016. No later venture round is on record for Yuan Qi Forest.
Yuan Qi Forest's funding rounds
This is the only venture round on record for Yuan Qi Forest.
- Growth this round 9 Apr 2021, led by HSG $500M$6.00B post-money
Investors
Who put money in
HSG led the round with 5 other firms. HSG and Warburg Pincus had backed Yuan Qi Forest before.
Lead investor
- HSG backs 118 venture-backed companies existing investor
Also in the round
- Warburg Pincus backs 76 venture-backed companies existing investor
- backs 63 venture-backed companies new investor
- Temasek backs 195 venture-backed companies new investor
- backs 23 venture-backed companies new investor
- Longfor Investment new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Beverages & Refreshments:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Beverages & Refreshments | 18 May 2021 | $45M | not disclosed | NextWorld LLC |
| Beverages & Refreshments | 24 Aug 2021 | $30M | not disclosed | Richard Koch |
| Beverages & Refreshments | 15 Sep 2020 | $13M | not disclosed | Beliv and Rocana Ventures |
| Beverages & Refreshments | 24 Feb 2022 | $7.0M | not disclosed | KarpReilly |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Yuan Qi Forest raise in its Growth round?
Yuan Qi Forest raised $500M in its Growth round, announced in Apr 2021.
Who led Yuan Qi Forest's Growth round?
HSG led it, with Warburg Pincus, L Catterton, Temasek, Gaorong Ventures and Longfor Investment.
What was Yuan Qi Forest's valuation at the Growth round?
$6.00B post-money.