Funding round
Zeekr Growth
Reported as "Growth Equity"
Zeekr, which works in luxury electric vehicle manufacturing in Hangzhou, raised $500M in a Growth round announced on 27 Aug 2021, led by Intel Capital, at a $9.00B post-money valuation. 5 firms took part. It is Zeekr's first venture round on record.
$500M
Amount raised
$9.00B
Post-money valuation
$8.50B pre-money
5
Investors
1 lead
5.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Zeekr at $9.00B after the new money. The $500M bought investors about 5.6% of the company. It is Zeekr's first venture round on record, in the year it was founded (2021). It is 40% of the $1.25B Zeekr has raised in the venture rounds on record. Zeekr raised again 18 months later: a Series A round of $750M in Feb 2023, at $13.00B post-money.
Zeekr's funding rounds
Zeekr has 2 venture rounds on record. This one is highlighted.
- Growth this round 27 Aug 2021, led by Intel Capital $500M$9.00B post-money
- Series A 13 Feb 2023 $750M$13.00B post-money
Investors
Who put money in
Intel Capital led the round with 4 other firms.
Lead investor
- Intel Capital backs 239 venture-backed companies new investor
Also in the round
- Contemporary Amperex Technology Co. Ltd. new investor
- Bilibili Inc. new investor
- Cathay Fortune Group new investor
- backs 14 venture-backed companies new investor
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| cinch Automobile Dealers & Manufacturers | 28 May 2021 | $1.42B | not disclosed | not named |
| Automobile Dealers & Manufacturers | 13 Dec 2020 | $245M | $740M | MSP Sports Capital |
| Automobile Dealers & Manufacturers | 1 Nov 2020 | $120M | not disclosed | not named |
| Automobile Dealers & Manufacturers | 4 Aug 2022 | $35M | not disclosed | S2G Investments and Collective Capital |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Zeekr raise in its Growth round?
Zeekr raised $500M in its Growth round, announced in Aug 2021.
Who led Zeekr's Growth round?
Intel Capital led it, with Contemporary Amperex Technology Co. Ltd., Bilibili Inc., Cathay Fortune Group and Boyu Capital.
What was Zeekr's valuation at the Growth round?
$9.00B post-money ($8.50B pre-money).
Did Zeekr raise again after this round?
Yes: a Series A round in Feb 2023 of $750M at $13.00B post-money.