# ofo

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

- Industry: Consumer Services
- Headquarters: Beijing, China
- Website: www.ofo.so/#/
- Total disclosed funding: $1.2B
- Latest round: Series E (Jul 5, 2017)
- Investors on record: 16

## About

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.

## Funding rounds

- Series E, Jul 5, 2017, $700M — Hony Capital, CPE Funds Management, DST Global, Alibaba Group, Didi Chuxing
- Series D, Mar 1, 2017, $450M — CPE Funds Management, Atomico, Coatue Management, DST Global, Didi Chuxing, Macrolink Group, MPC
- Series C, Oct 11, 2016, $30M — GSR Ventures, CPE Funds Management, Coatue Management, Vision+, Shunwei Capital, Didi Chuxing, MPC, Xiaomi Group
- Series B, Jun 1, 2016 — GSR Ventures, Weilie Capital, MPC
- Series A, Apr 1, 2016, $1.5M — ZhenFund
- Series A, Feb 1, 2016, $2.3M — GSR Ventures, Hongdao Capital
- Angel, Mar 15, 2015, $0.2M — Weilie Capital

## Investors

- Weilie Capital (https://capitalatlas.ai/funds/weilie-capital) — Angel, Series B
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series A, Series B, Series C
- Hongdao Capital (https://capitalatlas.ai/funds/hongdao-capital) — Series A
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Series A
- MPC — Series B, Series C, Series D
- CPE Funds Management (https://capitalatlas.ai/funds/cpe-funds-management) — Series C, Series D, Series E
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series C, Series D
- Vision+ — Series C
- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series C
- Didi Chuxing — Series C, Series D, Series E
- Xiaomi Group — Series C
- Atomico (https://capitalatlas.ai/funds/atomico) — Series D
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series D, Series E
- Macrolink Group — Series D
- Hony Capital (https://capitalatlas.ai/funds/hony-capital) — Series E
- Alibaba Group — Series E