About ByteDance
ByteDance is an internet technology company that operates creative content platforms.
Headquarters
ByteDance, Beijing
Founded
2012-03-01
Industry
Content, Data Mining, Internet, Social Media
Last Funding Type
Secondary Market
Valuation
90
Total Funding
$9.51 billion dollars
IPO Status
Private
Financial
Funding Rounds
13
Number of Lead Investors
15
Total Funding Amount
$9.51 billion dollars
Number of Investors
39
ByteDance vs. Other Decacorns
| Company | Valuation | Total Funding | Funding Rounds |
|---|---|---|---|
| ByteDance | $90B | $9.51B | 13 |
| Teamo | - | $2.30M | 2 |
| Fashionandyou | - | $58.00M | 4 |
| JD.com | $26B | $7.06B | 13 |
| QuintoAndar | $5B | $755.27M | 9 |
| Groupon | $12.7B | $1.39B | 8 |
| DFINITY | $2B | $166.88M | 6 |
| Tellium | $2B | $50.00M | 2 |
| Enya (Software Development Applications) | $3B | $1.50M | 2 |
| Grove Collaborative | $1.5B | $621.50M | 9 |
| Astranis | $11B | $753.50M | 9 |
| Automattic | $15B | $985.90M | 12 |
| Kik | $2B | $215.80M | 7 |
| Flipkart | $160B | $15.26B | 29 |
| NerdWallet | $4B | $105.00M | 6 |
| $6.4B | $1.33B | 9 | |
| Mafengwo | $2B | $503.00M | 6 |
| Infinera | $1.1B | $625.80M | 9 |
| Wish | $28B | - | - |
| AUTO1 Group | $9.5B | $1.39B | 12 |
| OpenWeb | $2B | $393.00M | 6 |
| ZenBusiness | $2B | $276.96M | 7 |
| AngelList | $287B | $170.20M | 8 |
| Lunar | $4B | - | - |
| Constant Contact | $0.4B | $423.16M | 4 |
| Pristyn Care | $1B | $177.00M | 5 |
| Hike | $1B | $261.00M | 8 |
| Quora | $22B | $301.00M | 5 |
| Meta Platforms | $104B | $25.61B | 15 |
| Whatnot | $12B | $484.70M | 7 |
| Globality | $1B | - | - |
| Procore | $9.6B | $654.02M | 17 |
| Green Dot | $1B | - | - |
| Vercel | $8B | $563.00M | 5 |
| Toutiao | $20B | - | - |
| Via | $7B | $19.81M | 5 |
| Helium | $3B | $364.80M | 10 |
| Ava Labs | $11B | $290.00M | 6 |
| Swvl | $1.5B | $242.70M | 10 |
| Foundry Networks | $3B | - | 1 |
| Armis | $3B | $737.00M | 7 |
| Yotpo | $1B | $436.00M | 11 |
| Vox Media | $4B | $407.63M | 10 |
| $18.1B | $12.87B | 15 | |
| Bowery | $9B | $1.65M | 4 |
| Cabify | $12B | $600.55M | 13 |
| Teads | $5B | $123.28M | 10 |
| Kingsoft Cloud | $3B | $968.48M | 10 |
| Locu | $22B | $4.60M | 2 |
| KAYAK Software | $4B | $229.00M | 7 |
| Delivery Hero | $5.1B | $10.18B | 22 |
| Cornershop | $3B | $31.65M | 5 |
| Patreon | $38B | $413.30M | 10 |
| Mirakl | $7B | $6.41M | 5 |
| Hubspot | $0.8B | $100.50M | 6 |
| Yelp | $0.9B | $56.00M | 6 |
| Youtube | $2B | $11.50M | 2 |
| TelecityGroup | $4B | - | - |
| Storable | $6B | $10.00M | 1 |
| $12.7B | $1.49B | 26 | |
| GrubMarket | $20B | $499.10M | 8 |
| Glassdoor | $2B | $204.50M | 10 |
| Etsy | $1.8B | $97.26M | 10 |
| Trulia | $0.4B | $255.10M | 6 |
| Splashtop | $3B | $114.00M | 5 |
| Mister Spex | $1B | $158.01M | 11 |
| eToro | $20B | $692.70M | 18 |
| BazaarVoice | $0.7B | $130.55M | 5 |
| Fastly | $1.5B | $369.00M | 8 |
| Hinge | $43B | $20.60M | 4 |
| Contentful | $6B | $349.60M | 9 |
| InVision | $4B | $356.20M | 10 |
| Maven | $7B | - | - |
| Eventbrite | $1.8B | $557.25M | 11 |
Growth Trends & Market Impact
ByteDance reported a 43% increase in revenue in the third quarter. The company's profit surged by 60% to US$40 billion, surpassing Tencent. Despite facing potential bans in the U.S., ByteDance's profits have risen significantly. ByteDance has also invested in a Chinese memory pioneer and a GPU vendor.
Investment history
| Round number | date | Post-round evaluation | investors |
|---|---|---|---|
| №1 | 15.03.2023 | $100.00 million dollars |
G42 |
| №2 | 11.12.2020 | $2.00 billion dollars |
Kohlberg Kravis Roberts Japan Sequoia Capital |
| №3 | 30.03.2020 | $2.00 billion dollars |
Tiger Global Management |
| №4 | 10.04.2019 | $1.30 billion dollars |
Goldman Sachs Morgan Stanley |
| №5 | 26.12.2018 | $1.30 billion dollars | |
| №6 | 25.10.2018 | $3.00 billion dollars |
General Atlantic Kohlberg Kravis Roberts Primavera Capital Group SoftBank Vision Fund |
| №7 | 01.01.2018 | $3.00 billion dollars | |
| №8 | 11.08.2017 | $2.00 billion dollars |
General Atlantic |
| №9 | 07.04.2017 | $1.00 billion dollars |
CCB International HongShan |
| №10 | 01.08.2016 | $1.00 billion dollars |