ofo
Latest round
- Series E
Last raised
- Jul 2017
Total raised
- $1.2B
Investors
- 16
About ofo
Founded in 2014 and based in Beijing, China, ofo Inc. doing business as ofo or ofo Bicycle, operates bicycle sharing and rental services and mobile application in China, Hong Kong, Singapore, and other countries. In 2017, the company owned and operated more than 10 million bicycles in 20 countries. In 2020, the company experienced financial difficulty and stopped operating bicycle rental services. The founder of the company is Wei Dai. Ofo Inc. operates a mobile application known as Ofo Bicycle that lets users borrow and rent nearby bicycles. Users can use digital payment platforms such as WeChat Pay and Alipay to pay the rental fees. Ofo Inc. operates business and province bicycle rental services in countries such as China, Hong Kong, Singapore, Macau, Malaysia, etc.
Who invested in ofo
16 investors across 7 rounds
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Funding rounds
Series E
Jul 5, 2017
Amount
$700M
Investors
Series D
Mar 1, 2017
Amount
$450M
Investors
Series C
Oct 11, 2016
Amount
$30M
Investors
Series B
Jun 1, 2016
Amount
Undisclosed
Investors
Series A
Apr 1, 2016
Amount
$1.5M
Investors
Series A
Feb 1, 2016
Amount
$2.3M
Investors
Angel
Mar 15, 2015
Amount
$0.2M
Investors
Questions about ofo
Who invested in ofo?
ofo has 16 investors on record across 7 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has ofo raised?
ofo has raised 7 venture rounds. Sign up free to see how much each round raised and the total.
When did ofo last raise money?
ofo's most recent round on record is a Series E, in Jul 2017.
What does ofo do?
Founded in 2014 and based in Beijing, China, ofo Inc.
Where is ofo headquartered?
ofo is headquartered in Beijing, China.
Which VCs invest in companies like ofo?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back consumer services companies at ofo's stage. Their profiles are linked below.
VCs backing consumer services startups at Series E
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