Funding round
Ziru Series B
Ziru, which works in residential property rental services in Beijing, raised $500M in a Series B round announced on 16 Jun 2019, led by General Atlantic. 4 firms took part, 3 of them already investors. It is Ziru's second venture round on record; the one before was a Series A in Jan 2018.
$500M
Amount raised
Not disclosed
Post-money valuation
$4.50B pre-money
4
Investors
1 lead
Valuation
What this round says about the price
Ziru did not disclose a valuation in this round; its last disclosed one was $3.00B at the Series A (Jan 2018). It came 17 months after Ziru's Series A. It is 45% of the $1.12B Ziru has raised in the venture rounds on record. No later venture round is on record for Ziru.
Ziru's funding rounds
Ziru has 2 venture rounds on record. This one is highlighted.
- Series A 17 Jan 2018, led by Warburg Pincus $621M$3.00B post-money
- Series B this round 16 Jun 2019, led by General Atlantic $500M
Investors
Who put money in
General Atlantic led the round with 3 other firms. General Atlantic, Tencent and HSG had backed Ziru before.
Lead investor
- General Atlantic backs 134 venture-backed companies existing investor
Also in the round
- Tencent existing investor
- HSG backs 118 venture-backed companies existing investor
- backs 6 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time: 2 in Property Management, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Property Management | 2 Aug 2019 | $15M | $44M | not named |
| Property Management | 18 Nov 2019 | $32M | not disclosed | Founders Fund and Coatue |
| CMR Surgical Medical Supply Manufacturers | 21 Jun 2019 | $100M | not disclosed | not named |
| Infarm Fruit & Vegetable - Markets & Stores | 11 Jun 2019 | $100M | not disclosed | Atomico |
| MX Data Solutions | 25 Jun 2019 | $100M | not disclosed | Battery Ventures |
| Medical Supply Manufacturers | 19 Jun 2019 | $67M | not disclosed | Dassault Systèmes |
| Loans & Financing | 4 Jun 2019 | $52M | not disclosed | WestBridge Capital |
| Tech Companies | 25 Jun 2019 | $50M | $300M | Kleiner Perkins |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Ziru raise in its Series B round?
Ziru raised $500M in its Series B round, announced in Jun 2019.
Who led Ziru's Series B round?
General Atlantic led it, with Tencent, HSG and Tiantu Capital.
What was Ziru's valuation at the Series B round?
It was not disclosed; its last disclosed one was $3.00B at the Series A (Jan 2018).