# Yunji Sharing Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yunji-sharing-technology-co

- Industry: Internet
- Headquarters: Hangzhou, China
- Website: www.yunjiglobal.com
- Total disclosed funding: $153M
- Latest round: Series B (Apr 23, 2018)
- Investors on record: 5

## About

Yunji Sharing Technology Co., Ltd. offers cloud computing solutions designed to enhance business operations through efficient data management and secure storage systems for various industries.Founded in 2015 in Hangzhou, China, Yunji Sharing Technology Co., Ltd. specializes in cloud services that cater to diverse sectors. The company successfully transitioned its business model towards cloud-based solutions and went public on NASDAQ, raising USD 121 mn in an IPO on May 3, 2019. This IPO marked a significant milestone in the firm's growth trajectory, with a total of 4 deals recorded since inception.Yunji specializes in providing a robust cloud service system aimed at enhancing operational efficiency for businesses across various sectors. The company’s core offerings include comprehensive cloud computing solutions that facilitate data storage, processing, and management in a secure environment. These services address common challenges faced by enterprises, such as data accessibility, scalability, and security, enabling organizations to streamline operations and enhance productivity. Yunji’s client base encompasses a diverse range of industries, including retail, finance, and healthcare, with end-users benefiting from the seamless integration of cloud technologies into their daily operations. The company's products are strategically marketed to clients in North America, Europe, and parts of Asia, targeting enterprises seeking innovative solutions to modernize their IT infrastructure.In the most recent year of 2022, Yunji reported a revenue of USD 171.83 mn, alongside an EBITDA of USD -10.55 mn. The company employs a subscription-based revenue model, allowing clients to access tailored cloud solutions through various service packages that cater to different enterprise needs.Yunji Sharing Technology Co., Ltd. plans to leverage the funds raised from its IPO to develop new cloud-based products and enhance existing offerings. The company is targeting expansion into new markets, with particular interest in increasing its footprint in Europe and Southeast Asia by 2025. The recent funding will support the design and launch of innovative services aimed at improving client engagement and operational capabilities.

## Funding rounds

- Series B, Apr 23, 2018, $120M — CDH Investments, China Renaissance
- Series A, Dec 12, 2016, $33M — Crescent Point, Eastern Bell Capital
- Angel, Jul 1, 2015 — Trustbridge Partners, Eastern Bell Capital

## Investors

- Trustbridge Partners (https://capitalatlas.ai/funds/trustbridge-partners) — Angel
- Eastern Bell Capital — Angel, Series A
- Crescent Point (https://capitalatlas.ai/funds/crescent-point) — Series A
- CDH Investments (https://capitalatlas.ai/funds/cdh-investments) — Series B
- China Renaissance (https://capitalatlas.ai/funds/china-renaissance) — Series B