About SnowPlus
SnowPlus is a company based in Beijing (China) founded in 2019 by Tiancheng Li and Derek Li.. SnowPlus has raised $165 million across 2 funding rounds from investors including Sequoia Capital and Zhen Fund. SnowPlus operates in a competitive market with competitors including GeekVape, FLOWCLUB, HOPO, FEIXI and Lookah, among others.
- Headquarter Beijing, China
- Founders Tiancheng Li, Derek Li
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Sectors
Retail
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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
$165 M (USD)
in 2 rounds
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Latest Funding Round
$125 M (USD), Series B
Mar 12, 2020
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Investors
Sequoia Capital
& 1 more
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Employee Count
Employee Count
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Funding Insights of SnowPlus
SnowPlus has successfully raised a total of $165M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $125 million completed in March 2020. 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 — $125.0M
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First Round
First Round
(20 Jun 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2020 | Amount | Series B - SnowPlus | Valuation |
investors |
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| Jun, 2019 | Amount | Series A - SnowPlus | Valuation | Sequoia Capital China , Zhen Fund |
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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 SnowPlus
SnowPlus has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Sequoia Capital and Zhen Fund. 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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Tech & Offline focused Seed stage VC Firm investing primarily in Asia and the US
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage investments
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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 SnowPlus
| 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.
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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 - SnowPlus
| 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 |
Snowplus Comparisons
Competitors of SnowPlus
SnowPlus 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 GeekVape, FLOWCLUB, HOPO, FEIXI and Lookah, 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 |
Operates a direct-to-consumer brand offering e-cigarettes.
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| domain | founded_year | HQ Location |
Virtual platform offering coworking sessions for productivity and ADHD support.
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| domain | founded_year | HQ Location |
Private label brand of vaping products
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| domain | founded_year | HQ Location |
Runs a direct-to-consumer brand offering vaping products.
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| domain | founded_year | HQ Location |
Offers online sales of vape pens, dab rigs, batteries, and smoking accessories.
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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 Snowplus
Frequently Asked Questions about SnowPlus
When was SnowPlus founded?
SnowPlus was founded in 2019.
Where is SnowPlus located?
SnowPlus is headquartered in Beijing, China.
Is SnowPlus a funded company?
SnowPlus is a funded company, having raised a total of $165M across 2 funding rounds to date. The company's 1st funding round was a Series A of $40M, raised on Jun 20, 2019.
What does SnowPlus do?
SnowPlus was established in 2019 in Beijing, China, as an internet-first brand in the vaping sector. A range of products such as e-cigarettes, pods, starter kits, smokeless pods, and coffee pods is provided through its online platform. Operations focus on direct-to-consumer sales, with the catalog centered on electronic smoking devices and accessories. The company is co-founded by Tiancheng Li and Derek Li.
Who are the top competitors of SnowPlus?
Who are SnowPlus's investors?
SnowPlus has 2 investors. Key investors include Sequoia Capital, and Zhen Fund.