# Blue City Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blue-city-holdings

- Industry: Internet
- Headquarters: Beijing, China
- Website: www.blued.cn
- Total disclosed funding: $132M
- Latest round: Series D (Feb 2, 2018)
- Investors on record: 10

## About

Established in 2012 and based in Beijing, China, Blue City Holdings Ltd. is a social company providing internet services to members of the LGBTQ community. The team is composed of senior management from Baidu, Ali, Sina, Renren, Today's Headlines, etc. Since its launch, including CCTV, Phoenix TV, Associated Press, Reuters, and other internet technology and financial media, have paid different forms of attention and reported on Blued. It has engaged in dozens of public welfare programs with many international organizations including WHO, UNAIDS, UNDP, etc. In March 2023, Newborn Town agreed to acquire the company. Blued has set up offices in Southeast Asia and Europe to provide localized services for overseas users.

The company is engaged in mobile technology to provide social networking and easy, convenient services for the gay community. It has developed LGBTQ resource platforms that provide a way to connect with the world’s network of guys. Users can check out their photos, profile, and Buzz feed before reaching out to send them text or voice messages, photos, and location, the app is available on iOS, Android, and Windows 8. It has 40 million registered users worldwide, of which overseas users account for about 30%.

## Funding rounds

- Series D, Feb 2, 2018, $100M — CDH Investments, UG Capital Management
- Series C, Jun 1, 2016 — Vision Knight Capital
- Series C, Jun 1, 2016 — DCM, Ventech China, BAI Capital, New World Development Company
- Series B, Oct 1, 2014, $30M — DCM, Shunwei Capital
- Series A, Feb 21, 2014, $1.6M — Crystal Stream
- Seed, Apr 1, 2013, $0.5M — Zhonglu Capital

## Investors

- Zhonglu Capital (https://capitalatlas.ai/funds/zhonglu-capital) — Seed
- Crystal Stream (https://capitalatlas.ai/funds/crystal-stream) — Series A
- DCM (https://capitalatlas.ai/funds/dcm) — Series B, Series C
- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series B
- Vision Knight Capital (https://capitalatlas.ai/funds/vision-knight-capital) — Series C
- Ventech China (https://capitalatlas.ai/funds/ventech-china) — Series C
- BAI Capital (https://capitalatlas.ai/funds/bai-capital) — Series C
- New World Development Company — Series C
- CDH Investments (https://capitalatlas.ai/funds/cdh-investments) — Series D
- UG Capital Management — Series D