# Souche Holdings

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

- Industry: Retail
- Headquarters: Hangzhou, China
- Website: www.souche.com
- Total disclosed funding: $1.1B
- Latest round: Series F (Sep 3, 2018)
- Investors on record: 19

## About

Founded in 2012 and based in Hangzhou, China, Souche Holdings is an Internet company that provides users with an online second-hand car trading platform. It has set up a branch in Beijing. In September 2018, Souche Holdings raised USD 578 million in series F funding. In May 2020, Geely established partnerships with the company. In July 2022, it launched used car financing referral services.

The company is committed to providing B2B transaction facilitation, warehousing and delivery, car loan referral, used car inspection and certification, and so on. It has served 34 auto merchants. The business covers more than 2,600 counties.

## Funding rounds

- Series F, Sep 3, 2018, $578M — 5Y Capital, Primavera Capital Group, Alibaba Group, ClearVue Partners, Sunshine Insurance Group, CreditEase Corp., Lingfeng Capital, RCFSI, Paladin Asset Management, Dreamfly Capital
- Series E, Nov 1, 2017, $335M — Warburg Pincus, Primavera Capital Group, Alibaba Group, CMB International Asset Management
- Series D, Apr 6, 2017, $180M — Warburg Pincus, 5Y Capital, ClearVue Partners, Haitong International Securities Group, CreditEase Wealth Management, VMS Asset Management, ZWC Ventures, Zeal Capital
- Series B, Sep 1, 2013, $15M — Hong Shan, 5Y Capital, Ferry Venture Capital
- Series A, May 1, 2013, $5.5M — 5Y Capital, Ferry Venture Capital

## Investors

- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Series A, Series B, Series D, Series F
- Ferry Venture Capital (https://capitalatlas.ai/funds/ferry-venture-capital) — Series A, Series B
- Hong Shan — Series B
- Warburg Pincus (https://capitalatlas.ai/funds/warburg-pincus) — Series D, Series E
- ClearVue Partners (https://capitalatlas.ai/funds/clearvue-partners) — Series D, Series F
- Haitong International Securities Group — Series D
- CreditEase Wealth Management (https://capitalatlas.ai/funds/creditease-wealth-management) — Series D
- VMS Asset Management (https://capitalatlas.ai/funds/vms-asset-management) — Series D
- ZWC Ventures (https://capitalatlas.ai/funds/zwc-ventures) — Series D
- Zeal Capital (https://capitalatlas.ai/funds/zeal-capital) — Series D
- Primavera Capital Group (https://capitalatlas.ai/funds/primavera-capital-group) — Series E, Series F
- Alibaba Group — Series E, Series F
- CMB International Asset Management (https://capitalatlas.ai/funds/cmb-international-asset-management) — Series E
- Sunshine Insurance Group — Series F
- CreditEase Corp. — Series F
- Lingfeng Capital (https://capitalatlas.ai/funds/lingfeng-capital) — Series F
- RCFSI — Series F
- Paladin Asset Management (https://capitalatlas.ai/funds/paladin-asset-management) — Series F
- Dreamfly Capital (https://capitalatlas.ai/funds/dreamfly-capital) — Series F