# VNET Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vnet-group

- Industry: Telecoms
- Headquarters: Beijing, China
- Website: www.vnet.com
- Total disclosed funding: $52M
- Latest round: Series B (Jun 1, 2008)
- Investors on record: 9

## About

Established in 1996 and based in Beijing, China, VNET Group, Inc. operates as an internet data center services that focuses on providing cyberspace infrastructure services. It has branches in Shanghai, Hangzhou, Jinagsu, Shenzhen, Guangzhou, Xi'an, Chengdu, and Hong Kong. The founder of the company, Sheng Chen graduated from the Department of Electrical Engineering, Tsinghua University. In April 2011, VNET Group, Inc. was listed on the NASDAQ. In January 2022, it raised USD 250 million in venture debt funding from returning investor Blackstone.

The company focuses on providing cyberspace infrastructure services. Products include data center services, cloud services, and network services. Data center services include Internet data center (IDC) services and enterprise data center (EDC) services. Cloud services include neutral cloud operation services, public cloud services, and AI native service platforms. Service objects include Microsoft Azure and Office 365 enterprises.

The company generates revenue by providing data center colocation, cloud service partnerships, and value-added network solutions to global enterprises and cloud providers.

## Funding rounds

- Series B, Jun 1, 2008, $6M — Meritech Capital Partners, MPC
- Series B, Apr 1, 2008, $20M — Meritech Capital Partners, WI Harper Group, MPC
- Series B, Feb 1, 2008, $18M — Trinity Ventures, iD TechVentures, ADS Global Partners, TOA Capital, Jiyuan Capital
- Series B, Sep 1, 2007, $6.5M — iD TechVentures, ADS Global Partners, TOA Capital
- Series B, Jan 23, 2007, $2M — ADS Global Partners, Mercuria Investment

## Investors

- ADS Global Partners — Series B
- Mercuria Investment (https://capitalatlas.ai/funds/mercuria-investment) — Series B
- iD TechVentures (https://capitalatlas.ai/funds/id-techventures) — Series B
- TOA Capital — Series B
- Trinity Ventures (https://capitalatlas.ai/funds/trinity-ventures) — Series B
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Series B
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Series B
- WI Harper Group (https://capitalatlas.ai/funds/wi-harper-group) — Series B
- MPC — Series B