Funding round
Ziru Series A
Ziru, which works in residential property rental services in Beijing, raised $621M in a Series A round announced on 17 Jan 2018, led by Warburg Pincus, at a $3.00B post-money valuation. 6 firms took part. It is Ziru's first venture round on record.
$621M
Amount raised
$3.00B
Post-money valuation
6
Investors
1 lead
21%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Ziru at $3.00B after the new money. The $621M bought investors about 21% of the company. It is Ziru's first venture round on record, 7 years after it was founded in 2011. It is 55% of the $1.12B Ziru has raised in the venture rounds on record. Ziru raised again 17 months later: a Series B round of $500M in Jun 2019.
Ziru's funding rounds
Ziru has 2 venture rounds on record. This one is highlighted.
- Series A this round 17 Jan 2018, led by Warburg Pincus $621M$3.00B post-money
- Series B 16 Jun 2019, led by General Atlantic $500M
Investors
Who put money in
Warburg Pincus led the round with 5 other firms.
Lead investor
- Warburg Pincus backs 76 venture-backed companies new investor
Also in the round
- General Atlantic backs 134 venture-backed companies new investor
- backs 35 venture-backed companies new investor
- backs 5 venture-backed companies new investor
- Huasheng Capital new investor
- Sunac 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, other companies' Series A rounds in Property Management:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Property Management | 23 Aug 2018 | $14M | not disclosed | Khosla Ventures |
| Property Management | 1 Nov 2018 | $6.8M | not disclosed | not named |
| Property Management | 21 Mar 2017 | $5.1M | $45M | Jackson Square Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Ziru raise in its Series A round?
Ziru raised $621M in its Series A round, announced in Jan 2018.
Who led Ziru's Series A round?
Warburg Pincus led it, with General Atlantic, Source Code Capital, Strait Capital Investment Group, Huasheng Capital and Sunac.
What was Ziru's valuation at the Series A round?
$3.00B post-money.
Did Ziru raise again after this round?
Yes: a Series B round in Jun 2019 of $500M.