58.com - Unicorn Nest

58.com

58.com

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Headquarters Location

China, Beijing

About

58.com is the renowned Corporate Investor, which was created in 2005. The main office of this Corporate Investor is situated in Beijing. The fund is located in China, Asia.

The fund's activity peaked in 2019. The fund generally invests in 2-6 deals every year. The most common rounds for this fund are in the range of 50 - 100 millions dollars. In real terms, this Corporate Investor performs 30 percentage points more exits than other funds. When 58.com invests, the average start-up valuation is more than 1 billion dollars.

Moreover, a start-up needs to be 2-3 years old to get investment from this fund. To8to, Win-Win Group, Light Oxygen Technology are amongst the various portfolio companies of this fund. The country of its foundation and the country of its most frequent investments coincides - China. The fund has a preferred number of founders for start-ups that it invests in. Among the most popular investment industries for the fund are Transportation, Consumer. However, the fund’s focus is not limited to this, since there are 11 more areas of investment.

The fund typically invests in rounds with 2-3 participants. Along with 58.com, start-ups are often financed by Matrix Partners China, Korea Investment Partners, CITIC Capital Holdings. The most common co-investors for the fund are YeePay, Warburg Pincus, UnityVC. In subsequent rounds, the fund is usually supported by Joy Capital, Zero2IPO Ventures, YeePay.

This VC was founded by Jinbo Yao. The overall number of key employees in the fund's team is 3.

Year Founded

2005

Fund Activity

Operative

Mail Rule [rules by which you can get an email of an interesting for you fund employee, knowing only the name and surname of this employee]

Domain name: 58.com; User name format in descending order of probability: first last, first, last, last first_initial, first_initial last

Group Appearance [how often fund is operating separately from groups with shared interest]

100.0% of cases

Investments per Year [average amount of rounds in which fund participates each year]

<1

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

7.1% of cases

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

6.9 years

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.25 out of 1

Number of Unicorns [amount of portfolio companies, which were valuated at more then $1B]

1

Funds Investing Together

YeePay, Warburg Pincus, UnityVC

Funds Investing in Following
Rounds

Joy Capital, Zero2IPO Ventures, YeePay

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