Total amount raised
$8.5 Billion
Latest funding date
1/1/2021
Location
Lalamove has successfully raised funds over 9 rounds, with the latest being a Series F round involving 8 investors. The company is backed by 21 investors, including notable names like Tiger Fund, Boyu Capital, Hillhouse Investment, and HSG.
Keep reading to explore the intricacies of Lalamove's fundraising journey and the investors backing this innovative platform.
What Is Lalamove?
Lalamove, founded in 2013, is a logistics company based in Hong Kong. It specializes in on-demand and same-day delivery services, catering to various sectors such as logistics, delivery, supply chain management, and transportation.
With a workforce ranging between 1001-5000 employees, Lalamove operates in 16 markets across Asia, Latin America, and EMEA. The company aims to empower local communities and make deliveries fast and reliable through its diverse fleet of delivery vehicles and professional driver partners.
How Much Funding Has Lalamove Raised?
- Series F
- Amount Raised: USD 1,500,000,000
- Date: January 2021
- Lead Investors: Hillhouse Investment, HSG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Lalamove's growth and expansion in the logistics and delivery services market.
- Series E
- Amount Raised: USD 515,000,000
- Date: December 2020
- Lead Investors: HSG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into smaller Chinese cities.
- Series D
- Amount Raised: USD 300,000,000
- Date: February 2019
- Lead Investors: Hillhouse Investment, HSG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Lalamove's growth and expansion in the logistics and delivery services market.
- Series C
- Amount Raised: USD 100,000,000
- Date: October 2017
- Lead Investors: Shunwei Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and expand market reach.
- Series B
- Amount Raised: USD 30,000,000
- Date: January 2017
- Lead Investors: Xianghe Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve service offerings.
- Series A
- Amount Raised: USD 10,000,000
- Date: May 2016
- Lead Investors: MindWorks Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the platform and expand the user base.
- Series A
- Amount Raised: USD 10,000,000
- Date: September 2015
- Lead Investors: MindWorks Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the platform and expand the user base.
- Series A
- Amount Raised: USD 10,000,000
- Date: January 2015
- Lead Investors: Crystal Stream Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the platform and expand the user base.
- Seed
- Amount Raised: USD 1,500,000
- Date: November 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the platform and begin operations.
Total Amount Raised: USD 2,376,500,000. Current Valuation: Not publicly disclosed.
Key Investors
- Hillhouse Investment
- Details: Hillhouse Investment is a leading investment management firm that focuses on long-term value investing. It has a strong presence in Asia and invests in various sectors globally.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Tencent, JD.com, Baidu.
- HSG
- Details: HSG is a prominent investment firm known for its strategic investments in high-growth companies. It has a diverse portfolio that spans multiple industries.
- Investment Focus Areas: Technology, logistics, healthcare.
- Notable Investments: Not publicly disclosed.
- Shunwei Capital
- Details: Shunwei Capital is a venture capital firm that primarily invests in early to growth-stage companies. It has a strong focus on the technology sector.
- Investment Focus Areas: Technology, internet, consumer.
- Notable Investments: Xiaomi, Meituan-Dianping, Didi Chuxing.
- Xianghe Capital
- Details: Xianghe Capital is an investment firm that focuses on high-growth companies in China. It aims to support innovative businesses with strong growth potential.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Not publicly disclosed.
- MindWorks Capital
- Details: MindWorks Capital is a venture capital firm that invests in early-stage technology companies. It has a strong presence in the Asia-Pacific region.
- Investment Focus Areas: Technology, fintech, logistics.
- Notable Investments: Lalamove, KKday, Snapask.
What's Next for Lalamove?
As Lalamove looks to the future, the company is poised to capitalize on significant opportunities in the logistics and delivery market. With a strong presence in 24 markets and a substantial user base, the potential for growth is immense. The recent Series E funding round, which raised $515 million, underscores the financial backing and confidence in Lalamove's expansion plans, particularly into smaller Chinese cities.
Future fundraising opportunities are likely as Lalamove continues to scale its operations and enhance its technological capabilities. The company may also explore strategic partnerships to further solidify its market position. However, challenges such as regulatory hurdles and competition from other logistics providers could pose obstacles. Navigating these challenges will be crucial for Lalamove's sustained growth and success.
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