About Prcsteel
Prcsteel is a company based in Hangzhou (China) founded in 2006. It operates as a B2B. Prcsteel has raised $30 million across 2 funding rounds from investors including Rui Capital, Rui Maotong Supply Chain Management and Bertelsmann Asia Investments. Prcsteel operates in a competitive market with competitors including Zhaogang, Ouyeel, Shanghai Metals Market, Ygline and Dahan e-commerce, among others.
- Headquarter Hangzhou, China
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Sectors
Retail
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30 M (USD)
in 2 rounds
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Latest Funding Round
$20 M (USD), Series B
Oct 26, 2015
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Investors
Rui Capital
& 2 more
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Employee Count
Employee Count
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Funding Insights of Prcsteel
Prcsteel has successfully raised a total of $30M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in October 2015. 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 2
- Last Round Series B — $20.0M
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First Round
First Round
(01 Jul 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Series B - Prcsteel | Valuation |
investors |
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| Jul, 2014 | Amount | Series A - Prcsteel | Valuation |
investors |
| 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 Prcsteel
Prcsteel has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Rui Capital, Rui Maotong Supply Chain Management and Bertelsmann Asia Investments. 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 backed by Bertelsmann
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Founded Year | Domain | Location | |
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Delivers comprehensive wealth management, financial planning, and advisory services.
|
Founded Year | Domain | Location | |
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Offers a cloud-enabled platform for supply chain services and business collaboration.
|
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 Prcsteel
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Prcsteel
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Prcsteel Comparisons
Competitors of Prcsteel
Prcsteel 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 Zhaogang, Ouyeel, Shanghai Metals Market, Ygline and Dahan e-commerce, 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 |
Zhaogang is recognized as a leading steel e-commerce platform.
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| domain | founded_year | HQ Location |
Online steel trading and supply chain services are provided.
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| domain | founded_year | HQ Location |
Online B2B trading platform for metals
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| domain | founded_year | HQ Location |
Steel trading is enabled via an online B2B marketplace.
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| domain | founded_year | HQ Location |
B2B steel products are traded via an online marketplace platform.
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| domain | founded_year | HQ Location |
Online platform for listing and trading industrial supplies is provided.
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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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Frequently Asked Questions about Prcsteel
When was Prcsteel founded?
Prcsteel was founded in 2006 and raised its 1st funding round 8 years after it was founded.
Where is Prcsteel located?
Prcsteel is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Is Prcsteel a funded company?
Prcsteel is a funded company, having raised a total of $30M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jul 01, 2014.
What does Prcsteel do?
Prcsteel operates an online b2b trading marketplace for steel products through producing manufactured goods, metals and mining, trading platforms, and steel marketplace. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Prcsteel?
Prcsteel's top competitors include Zhaogang, Ouyeel and Shanghai Metals Market.
Who are Prcsteel's investors?
Prcsteel has 3 investors. Key investors include Rui Capital, Rui Maotong Supply Chain Management, and Bertelsmann Asia Investments.