# Neiwai

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neiwai

- Industry: Retail
- Headquarters: San Francisco, US
- Website: www.neiwai.life
- Total disclosed funding: $133M
- Latest round: Series D (Jul 15, 2021)
- Investors on record: 8

## About

Founded in 2012 and based in California, US, Neiwai is a retail company that offers women's clothing. Jiang Li (CEO) and Xiaolu Liu co-founded the company and have raised private equity financing from private equity investors, including QF Capital, ZhenFund, and Qiming Venture Partners. In July 2021, Neiwai raised USD 100 million in Series D funding led by new investor Carlyle Group, with participation from another new investor, Vertex Ventures US.

The company's design team offers comfortable and functional women's apparel that operates online and physical stores selling lingerie, loungewear, and sportswear. The company targets middle-class female users aged 25-40 by providing about 400-500 SKU products related to a variety of work, home, and sports scenarios every season.

Neiwai will use the July 2021 Series D funding for research and development, design of new clothing categories, brand building, and domestic and international expansion.

## Funding rounds

- Series D, Jul 15, 2021, $100M — Carlyle Group, Qiming Venture Partners, Vertex Ventures
- Series C, Oct 28, 2019, $21M — Qiming Venture Partners
- Series B, Oct 16, 2017, $11M — ZhenFund, QF Capital, Vertex Ventures China, Zhencheng Capital, Huaqiang Capital
- Series A, Aug 7, 2017 — Zhencheng Capital
- Series A, Nov 23, 2016 — ZhenFund, QF Capital
- Angel, Apr 24, 2015, $1.6M — ZhenFund

## Investors

- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Angel, Series A, Series B
- QF Capital (https://capitalatlas.ai/funds/qf-capital) — Series A, Series B
- Zhencheng Capital (https://capitalatlas.ai/funds/zhencheng-capital) — Series A, Series B
- Vertex Ventures China (https://capitalatlas.ai/funds/vertex-ventures-china) — Series B
- Huaqiang Capital (https://capitalatlas.ai/funds/huaqiang-capital) — Series B
- Qiming Venture Partners (https://capitalatlas.ai/funds/qiming-venture-partners) — Series C, Series D
- Carlyle Group (https://capitalatlas.ai/funds/carlyle-group) — Series D
- Vertex Ventures (https://capitalatlas.ai/funds/vertex-ventures) — Series D