About Zhejiang Grassroots Network Technology
Zhejiang Grassroots Network Technology is a company based in Hangzhou (China) founded in 2013 by Jin Zhongyu. Zhejiang Grassroots Network Technology has raised $520.48 million across 4 funding rounds from investors including Geo Jade Petroleum Corporation, CMG Hong Kong and GF Fund. Zhejiang Grassroots Network Technology operates in a competitive market with competitors including PPDai, Yooli, Licaifan, Renrendai and INK Yinke Group, among others.
- Headquarter Hangzhou, China
- Founders Jin Zhongyu
- Stage Unicorn
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Sectors
Financial Services
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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
$520.48 M (USD)
in 4 rounds
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Latest Funding Round
$358.26 M (USD), Series D
Jun 04, 2018
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Investors
Geo Jade Petroleum Corporation
& 3 more
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Employee Count
Employee Count
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Funding Insights of Zhejiang Grassroots Network Technology
Zhejiang Grassroots Network Technology has successfully raised a total of $520.48M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $358.26 million completed in June 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 Total Funding
- Total Rounds 4
- Last Round Series D — $358.3M
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First Round
First Round
(29 Jan 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Series D - Zhejiang Grassroots Network Technology | Valuation | Geo Jade Petroleum Corporation |
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| Jun, 2017 | Amount | Series C - Zhejiang Grassroots Network Technology | Valuation | CMG |
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| Jun, 2016 | Amount | Series B - Zhejiang Grassroots Network Technology | Valuation | GF Fund |
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Investors in Zhejiang Grassroots Network Technology
Zhejiang Grassroots Network Technology has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Geo Jade Petroleum Corporation, CMG Hong Kong and GF Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund focused on mobile, internet, deep technology, rural internet, AI, and multiple sectors
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Oil and gas exploration and development are conducted internationally.
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Iron ore and coal trading services are provided internationally.
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Investments & Acquisitions by Zhejiang Grassroots Network Technology
Financial Statements - Zhejiang Grassroots Network Technology
Zhejiang Grassroots Network Technology Comparisons
Competitors of Zhejiang Grassroots Network Technology
Zhejiang Grassroots Network Technology 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 PPDai, Yooli, Licaifan, Renrendai and INK Yinke Group, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Small unsecured P2P loans are facilitated online for Chinese borrowers.
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| domain | founded_year | HQ Location |
P2P lending access is facilitated via partnerships with micro-credit firms.
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| domain | founded_year | HQ Location |
P2B platform for SME loans and investments is operated online.
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| domain | founded_year | HQ Location |
P2P lending is facilitated for white-collar workers and small businesses.
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| domain | founded_year | HQ Location |
Peer-to-peer crowdlending platform for SME loans and mortgages is operated.
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Latest news on Zhejiang Grassroots Network Technology
Frequently Asked Questions about Zhejiang Grassroots Network Technology
Zhejiang Grassroots Network Technology was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Zhejiang Grassroots Network Technology is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Jin Zhongyu is the current CEO of Zhejiang Grassroots Network Technology. They have also founded this company.
Zhejiang Grassroots Network Technology is a funded company, having raised a total of $520.48M across 4 funding rounds to date. The company's 1st funding round was a Series B of $152.22M, raised on Jan 29, 2015.
CGTZ is an online based credit transfer platform. It works a little different from the traditional P2P transaction structure and has a borrower - lender - investor structure. The platform has online lenders who lend to borrowers and then investors buy the debt through an online trading platform. It is focused on enterprises, quasi-listed companies, state-owned enterprises. As of June 2016, the cumulative investment is over 4.64B with more than 5.6 million registered users.
Zhejiang Grassroots Network Technology has 4 investors. Key investors include Geo Jade Petroleum Corporation, CMG Hong Kong, GF Fund, and Shunwei Capital.
The valuation of Zhejiang Grassroots Network Technology is $1.4B as of Jun 2018.