About Ofo
Ofo is a company based in Beijing (China) founded in 2014 by Dai Wei. It operates as a B2C. Ofo has raised $1.87 billion across 12 funding rounds from investors including Alibaba.com, Didi and Ant Group. Ofo operates in a competitive market with competitors including Beryl, Mobike, Zoov, nextbike and HumanForest, among others.
- Total Equity Funding$1.87B (USD)
in 12 rounds
- Latest Funding Round$586M (USD), Series E
Mar 2018
- InvestorsAlibaba.com
& 13 more
Funding Insights of Ofo
Ofo has successfully raised a total of $1.87B across 12 strategic funding rounds. The most recent funding activity was a Series E round of $586 million completed in March 2018. 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 $1.87B
- Total Rounds 12
- Last Round Series E — $586M
- Investors Count 14
Latest 10 of 12 funding rounds of Ofo 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 |
|---|---|---|---|---|---|
| Mar 2018 | $586M | Series E | – | Alibaba | |
| Mar 2018 | $280M | Debt – Conventional | – | – | |
| Jul 2017 | $700M | Series E | – | Alibaba | |
| Apr 2017 | – | Series D | $2B | Ant Group | – |
| Mar 2017 | $450M | Series D | – | DST Global | |
| Oct 2016 | $130M | Series C | – | Didi | – |
| Sep 2016 | – | Series B | – | Didi | – |
| Sep 2016 | – | Series B | – | Matrix | – |
| Apr 2016 | $1.5M | Series A | – | Zhen Fund | – |
| Jan 2016 | $2.2M | Series A | – | GSR Ventures | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2017 | $2B | •••••••• |
Last known valuation $2B (Apr 2017). 14 investors in total: 14 institutional.
Investors in Ofo
Ofo has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Alibaba.com, Didi and Ant Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | tianheziben.com | - | |
- | – | junlifinance.com.cn | - | |
Diversified investments are managed across private equity and real estate. | – | honycapital.com | Beijing, China | |
Venture capital investment firm | – | dst-global.com | Menlo Park, United States | |
Provider of an investment platform for various stages | – | coatue.com | New York, United States | |
Early-stage ventures are funded by the investment firm. | – | matrix.vc | San Francisco, United States | |
Tech & Offline focused Seed stage VC Firm investing primarily in Asia and the US | – | zhenfund.com | Beijing, China | |
Early-stage tech startups are invested in by GSR Ventures. | – | gsrventuresglobal.com | Beijing, China | |
- | – | whcap.net | - | |
Multi-category products are facilitated through an online B2B cross-border marketplace. | 1999 | alibaba.com | New York, United States |
Investor details for Ofo
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.
People of Ofo
6 people are tracked at Ofo (3 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Dai Wei | Founder, CEO | Leadership |
Dp Li | Co-founder | Leadership |
William M. Kelly | Associate General Counsel Apac/emea & Senior Director, Legal | Leadership |
Tianxin Zhao | PR Manager | Team |
Nathaniel Paul | Operations Manager | Team |
Xiao Liu | Strategy Analyst | Team |
Complete people profiles for Ofo
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
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Timeline of Ofo
4 dated milestones of Ofo across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Ofo is founded.
- Funding First funding round.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series E, of $586.0M.
Competitors of Ofo
Ofo 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 Beryl, Mobike, Zoov, nextbike and HumanForest, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| beryl.cc | 2014 | London, United Kingdom | $5.68M | – | Online platform providing bicycle rental services | |
| mobike.com | 2015 | Beijing, China | $925M | – | App-based rental platform offering bicycles | |
| zoov.eu | 2017 | Paris, France | $6.8M | – | On-demand e-bike sharing is facilitated through a mobile app platform. | |
| nextbike.net | 2004 | Leipzig, Germany | – | 460 | End-to-end solutions for bicycle sharing | |
| humanforest.co.uk | 2019 | London, United Kingdom | $44.51M | 6 | App-based rental platform offering e-bicycle | |
| jumpbikes.com | 2010 | Brooklyn, United States | $64.8M | – | Online platform offering electric bicycle sharing system | |
| citibikenyc.com | 2013 | New York, United States | – | 571 | Bicycles are rented via an app-based sharing system from stations. | |
| socialbicycles.com | 2010 | New York, United States | $3.6M | – | App-based dockless bicycle sharing is enabled for campuses and municipalities. | |
| getapony.com | 2017 | Oxford, United Kingdom | $9.06M | 1 | App-based bicycle rental service |
Detailed competitors of Ofo
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.
Latest news on Ofo
Complete news archive for Ofo
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Ofo
10 companies that operate in the same segment as Ofo (Two Wheeler Rental Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Financial services encompassing loans, investments, and insurance are delivered in India. | 1979 | Mumbai, Maharashtra, India | – | USD 1.94 B | – | |
Manufactures and markets retro-inspired motorcycles with modern features. | 1929 | Pune, Maharashtra, India | – | USD 83.25 M | 100 | |
E-bike rental services are provided for delivery workers by Whizz. | 2022 | New York, New York, United States | USD 15.4 M | – | – | |
Offers bike listings, prices, reviews, and comparisons for consumers. | 2012 | Mumbai, Maharashtra, India | – | – | – | |
Manufactures electric two-wheelers and three-wheelers for personal and commercial use in India. | 1980 | Delhi, Delhi, India | – | USD 44.57 M | 272 | |
Produces electric scooters and bikes for eco-friendly transportation solutions. | 2016 | Nashik, Maharashtra, India | – | USD 11.43 M | 21 | |
Manufactures electric rickshaws and two-wheelers for sustainable transportation in India. | 2011 | Delhi, Delhi, India | – | USD 46.34 M | 85 | |
Provides online on-demand motorbike rental services for convenient urban mobility. | 2015 | Hyderabad, Telangana, India | USD 673.64 K | USD 282.23 K | 15 | |
Offers a platform for aggregating local and outstation cab services. | 2008 | Dehradun, Uttarakhand, India | – | – | – | |
Manufactures tyres for motorcycles, scooters, bicycles, and e-vehicles in India. | 1968 | Delhi, Delhi, India | – | USD 78.34 M | 1,617 |
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Frequently Asked Questions about Ofo
Ofo was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Ofo is headquartered in Beijing, China.
Dai Wei is the current CEO of Ofo. They have also founded this company.
Ofo is a funded company, having raised a total of $1.87B across 12 funding rounds to date. The company's 1st funding round was a Series A of $2.2M, raised on Mar 2015.
Ofo, established in 2014, excels in providing transportation services, sharing economy, bicycle rentals, and free-float services. Operates a free-float bicycle rental platform for urban mobility. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Ofo's top competitors include nextbike, HumanForest and Beryl.
Ofo has 14 investors. Key investors include Alibaba.com, Didi, Ant Group, CITIC Capital, and Tianhe Capital.
The valuation of Ofo is $2B as of Apr 2017.