Zongmu Technology’s Financing History

In November 2015, Zongmu Technology received a RMB 40 million Series A round with a valuation of RMB 200 million, and investors included Synergy Capital. In February 2017, it received a RMB 100 million Series B round with a valuation of RMB 500 million, and investors included Legend Capital and Deyi Capital. In June 2018, it received a RMB 1 billion Series C1 round with a valuation of RMB 1 billion, and investors included Jianfa Group, Legend Capital, and Deyi Capital. In July 2019, it received a RMB 100 million Series C+ round with a valuation of RMB 1.5 billion, and investors included Qualcomm Ventures, Legend Capital, and Shanghai Chuangtu Investment. In May 2020, it received a total of USD 190 million Series D round with a valuation of RMB 6 billion, and investors included NEC. In March 2021, investment institutions included Tongchuang Weiye and Gaoyuan Capital. In June 2021, investment institutions included Xiaomi Changjiang Industrial Fund, Fosun (Chongqing) Private Equity, Shanghai Science and Technology Investment Group, Langtai Capital, Industrial Bank, Chongqing Changxin Zhiqi, Keboda Investment, Legend Capital, Qualcomm Ventures, and Jingkai Capital. In March 2022, the E round was 1 billion yuan, with a valuation of 8 billion yuan. Investment institutions included Dongyang Guanding, Yuanhai Fund, Linxin Capital, Zuoyu Capital, Fupu Capital, Qingdao Yuanying, Taiyou Capital, Huzhou Huantaihu Group, and Chuangtu Investment.