About FreeD Group
FreeD Group is a Business Services company based in Hong Kong (China) founded in 2015 by Kenneth Lee, Wenbin WANG, and Abel Zhao. Digital transformation and commerce enablement solutions are provided for enterprises. It operates in the Business Services, Technology, and Retail sectors. FreeD Group has raised $15 million across 2 funding rounds from investors including Daiwa Securities Group, Musketeer Capital and Linear Capital. FreeD Group has completed 1 acquisition, including Connexus Travel. FreeD Group offers products and services including Marketplace Platform, Messaging, Corporate Service Solutions, Advertising Services, and Enterprise D2C EPOS Solution. Its focus areas include Marketing Services, E-Commerce Enablers, Ecommerce Software Suite and Cross Border Commerce.
Company details
FreeD Group was founded in 2015 in Hong Kong, China, within the technology sector. Digital transformation and commerce enablement services are delivered to enterprises through a comprehensive suite of tools. Customers and employees are engaged, retained, and monetized using these solutions. Artificial intelligence, big data, and machine learning are utilized to support operations, with focus on engagement strategies and revenue expansion.
- Headquarters Hong Kong, China
- Founders Kenneth Lee, Wenbin WANG, Abel Zhao
- SectorsBusiness ServicesTechnology Retail
- Email••••••••
- Website freedgrouptech.com
- Social LinkedIn
- Total Equity Funding$15M (USD)
in 2 rounds
- InvestorsDaiwa Securities Group
& 7 more
- Investments & Acquisitions
Products & Services of FreeD Group
FreeD Group offers a comprehensive portfolio of products and services, including Marketplace Platform, Messaging, Corporate Service Solutions, Advertising Services, and Enterprise D2C EPOS Solution.
Enables creation of e-commerce marketplaces for global sellers
Automates customer support via rich chat services
Modernizes corporate travel and employee wellness programs
Optimizes SEO and paid campaigns for traffic generation
Facilitates direct online ordering and delivery with analytics
Funding Insights of FreeD Group
FreeD Group has successfully raised a total of $15M across 2 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 $15M
- Total Rounds 2
- First Round $15M
(Jun 2022)
- Investors Count 8
All 2 funding rounds of FreeD Group 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 |
|---|---|---|---|---|---|
| Jul 2023 | Series B | – | Linear Venture | ||
| Jun 2022 | $15M | Series B | – | Daiwa Securities Group, ACA Investments |
8 investors in total: 8 institutional.
Investors in FreeD Group
FreeD Group has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Daiwa Securities Group, Musketeer Capital and Linear Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are directed toward early, mid, and later-stage companies. | musketeercapital.com | Haverford, United States | ||
Linear Capital is recognized as a frontier tech investment fund. | 2014 | linear.vc | Shanghai, China | |
A corporation focused on fostering innovation and technology ecosystems. | 2002 | hkstp.org | Hong Kong, Hong Kong S.A.R. | |
Venture capital and accelerator services are provided across multiple sectors. | sosv.com | Cork, Ireland | ||
Investment banking and financial services are provided in Japan. | 1943 | daiwa-grp.jp | Tokyo, Japan | |
Delivers comprehensive infrastructure development services. | 1960 | chinachemgroup.com | Tsuen Wan, China | |
| radiant.vc | ||||
ACA Investments is engaged in fund management and investment services. | aca-investments.com | Tokyo, Japan |
Investor details for FreeD Group
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
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People of FreeD Group
3 people are tracked at FreeD Group (3 in leadership).
| Name | Role | Group |
|---|---|---|
Kenneth Lee | Co-Founder & CPO | Leadership |
Wenbin WANG | Co-Founder | Leadership |
Abel Zhao | Co-Founder | Leadership |
Complete people profiles for FreeD Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by FreeD Group
FreeD Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Connexus Travel.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of travel program, hotel reservation, air ticket booking, and car rental services | connexustravel.com | Hong Kong, China | 1948 | Jan 2023 | •••• |
Complete acquisition details for FreeD Group
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of FreeD Group
4 dated milestones of FreeD Group across 8 years, from founding to its latest funding, stage changes and deals.
- Founded FreeD Group is founded.
- Funding First funding round of $15.0M.
- Acquisition Acquires Connexus Travel.
- Funding Latest funding round, Series B,.
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Related news about Freed Group
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Frequently Asked Questions about FreeD Group
FreeD Group was founded in 2015 and raised its 1st funding round 7 years after it was founded.
FreeD Group is headquartered in Hong Kong, China.
FreeD Group is a funded company, having raised a total of $15M across 2 funding rounds to date. The company's 1st funding round was a Series B of $15M, raised on Jun 2022.
FreeD Group was founded in 2015 in Hong Kong, China, within the technology sector. Digital transformation and commerce enablement services are delivered to enterprises through a comprehensive suite of tools. Customers and employees are engaged, retained, and monetized using these solutions. Artificial intelligence, big data, and machine learning are utilized to support operations, with focus on engagement strategies and revenue expansion.
FreeD Group offers Marketplace Platform, Messaging, Corporate Service Solutions, Advertising Services, and Enterprise D2C EPOS Solution.
FreeD Group has made 1 acquisition, including Connexus Travel.
FreeD Group has 8 investors. Key investors include Daiwa Securities Group, Musketeer Capital, Linear Capital, Chinachem Group, and Hong Kong Science & Technology Parks Corporation.