About 123Feng
123Feng is a company based in Hangzhou (China) founded in 2014. 123Feng has raised $13 million across 4 funding rounds from investors including Lightspeed China Partners and Matrix Partners China. 123Feng operates in a competitive market with competitors including Quhuo, Renren Kuaidi, Delivery Republic, Xiaonongnv and Pick Up, among others.
- Headquarter Hangzhou, China
- SectorsTransportation, Automotive & Logistics
- Website 123feng.com
- Total Equity Funding$13M (USD)
in 4 rounds
- InvestorsLightspeed China Partners
& 1 more
Funding Insights of 123Feng
123Feng has successfully raised a total of $13M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $13M
- Total Rounds 4
- Investors Count 2
All 4 funding rounds of 123Feng with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2017 | – | Series C | – | – | – |
| Oct 2015 | $13M | Series A | – | – | |
| Jan 2015 | – | Series A | – | – | |
| Jun 2014 | – | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in 123Feng
123Feng has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Lightspeed China Partners and Matrix Partners China.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital services are offered by Lightspeed China Partners in technology sectors focused on China. | – | lightspeedcp.com | - | |
Multiple sectors are invested in by this venture capital firm. | – | matrixpartners.com.cn | Chaoyang, China |
Investor details for 123Feng
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of 123Feng
3 dated milestones of 123Feng across 3 years, from founding to its latest funding, stage changes and deals.
- Founded 123Feng is founded.
- Funding First funding round.
- Funding Latest funding round, Series C,.
Competitors of 123Feng
123Feng operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Quhuo, Renren Kuaidi, Delivery Republic, Xiaonongnv and Pick Up, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| quhuo.cn | 2006 | Beijing, China | $10M | – | Contract workforce recruitment is enabled through an online platform. | |
| rrkd.cn | 2011 | Beijing, China | $65M | – | Offers crowdsourced hyperlocal B2B delivery services. | |
| deliveryrepublic.com | 2015 | Hong Kong, China | $2M | – | Provides an on-demand food delivery service for convenient customer access. | |
| xiaonongnv.com | 2014 | Shenzhen, China | $14.51M | – | Functions as an online business-to-business distributor of agricultural produce. | |
| hkpickup.com | 2016 | Hong Kong, China | – | – | An online platform is operated for B2B on-demand local delivery. | |
| yeemu.cn | 2014 | Beijing, China | – | – | Crowdsourced last-mile logistics are provided to businesses for deliveries. | |
| iqusong.com | 2013 | Minhang, China | – | – | Cloud-based hyperlocal delivery and distribution services are facilitated. | |
| supaide.com | 2014 | Beijing, China | – | – | Intracity freight shipping is aggregated through an online marketplace platform. |
Detailed competitors of 123Feng
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to 123Feng
10 companies that operate in the same segment as 123Feng (Logistics Technology & Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore | USD 9.09 B | USD 3.37 B | 11,270 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.25 B | USD 1.12 B | 62,070 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 344.42 M | USD 135.47 M | 800 | |
App based platform offering on demand delivery and ride-hailing services | 2010 | Jakarta, Jakarta, Indonesia | USD 4.72 B | – | – | |
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | Bengaluru, Karnataka, India | USD 246.8 M | USD 447.86 M | – | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 3,500 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – |
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Frequently Asked Questions about 123Feng
123Feng was founded in 2014.
123Feng is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
123Feng is a funded company, having raised a total of $13M across 4 funding rounds to date.
123Feng was founded in 2014 in Hangzhou, China, within the logistics sector focused on hyperlocal deliveries. Services encompass point-to-point transport of takeaway foods, flowers, cakes, and e-commerce packages using a courier network exceeding 10,000 personnel and self-owned vehicles. Operations serve online merchants on platforms like Taobao and Tmall, with coverage extending to over 10 cities including Beijing, Shanghai, and Hangzhou.
123Feng has 2 investors. Key investors include Lightspeed China Partners, and Matrix Partners China.