About HeyGears
HeyGears is a company based in Guangzhou (China) founded in 2015.. HeyGears has raised $108.62 million across 3 funding rounds from investors including G42 and IDG Capital. HeyGears operates in a competitive market with competitors including Renishaw, EOS, Chamlion, Arburg and Intamsys, among others.
- Headquarter Guangzhou, China
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$108.62 M (USD)
in 3 rounds
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Latest Funding Round
$60 M (USD), Series B
Dec 06, 2019
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Investors
G42
& 1 more
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Employee Count
Employee Count
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Funding Insights of HeyGears
HeyGears has successfully raised a total of $108.62M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $60 million completed in December 2019. 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 Total Funding
- Total Rounds 3
- Last Round Series B — $60.0M
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First Round
First Round
(01 Jun 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Series B - HeyGears | Valuation | G42 |
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| Nov, 2018 | Amount | Series A - HeyGears | Valuation | IDG Capital |
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| Jun, 2015 | Amount | Seed - HeyGears | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in HeyGears
HeyGears has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include G42 and IDG Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm
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Founded Year | Domain | Location | |
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Provider of artificial intelligence infrastructure, cloud computing, and data center services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by HeyGears
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - HeyGears
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Heygears Comparisons
Competitors of HeyGears
HeyGears 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 Renishaw, EOS, Chamlion, Arburg and Intamsys, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of precision measurement, process control, motion control, and healthcare solutions
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| domain | founded_year | HQ Location |
Industrial 3D printing solutions are provided by EOS GmbH.
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| domain | founded_year | HQ Location |
Industrial-grade metal 3D printers and printing services are provided.
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| domain | founded_year | HQ Location |
Specializes in manufacturing additive manufacturing and injection moulding machines.
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| domain | founded_year | HQ Location |
3D printers for advanced thermoplastics are manufactured by Intamsys.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Heygears
Frequently Asked Questions about HeyGears
When was HeyGears founded?
HeyGears was founded in 2015.
Where is HeyGears located?
HeyGears is headquartered in Guangzhou, China. It is registered at Guangzhou, Guangdong, China.
Is HeyGears a funded company?
HeyGears is a funded company, having raised a total of $108.62M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.49M, raised on Jun 01, 2015.
What does HeyGears do?
HeyGears was founded in 2015 in Guangzhou, China, and operates within the wearable technology sector. Intelligent wearable devices are designed and developed, with a focus on wireless earbuds such as the U1, U1 Go, U1 Air, U1 Sport, and the 3D-printed X Anora model featuring balanced armature units. Product development emphasizes integration of 3D printing for earphones, targeting consumer electronics markets.
Who are the top competitors of HeyGears?
HeyGears's top competitors include Renishaw, Chamlion and Mimaki Engineering.
Who are HeyGears's investors?
HeyGears has 2 investors. Key investors include G42, and IDG Capital.
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