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§ Private Profile · Shenzhen, Guangdong, China
On-demand logistics platform connecting users with drivers for intra-city and inter-city freight and moving services.
Huolala, an on-demand logistics platform based in Shenzhen, China, connects users with drivers for intra-city and inter-city freight, moving services, and large goods transportation. Known internationally as Lalamove, it also offers corporate logistics, small-lot transport, and car leasing, serving major clients like Google, Alipay, McDonald’s, JD.com, and 7-Eleven. Founded in December 2013 by Chow Shing-Yuk, the company has rapidly expanded its reach. In 2023, Huolala secured a significant $515 million Series E funding round led by Sequoia Capital, achieving a valuation exceeding $8 billion, with additional investment from firms like Hillhouse Capital and Shunwei Capital. By 2020, it operated in 352 cities in China and 22 overseas cities, boasting 480,000 monthly active drivers and 7.2 million monthly active users, digitizing fragmented van-hailing markets.
Huolala has raised $525.0M across 2 funding rounds.
Huolala has raised $525.0M in total across 2 funding rounds.
Huolala has raised $525.0M across 2 funding rounds. Most recently, it raised $515.0M Series E in December 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 22, 2020 | $515M Series E | Hongshan Capital Group (Sequoia Capital China) | 01VC, Hillhouse Capital, Shunwei Capital, Xianghe Capital | Announced |
| Feb 2, 2015 | $10M Series A | — | — | Announced |
Huolala has raised $525.0M in total across 2 funding rounds.
Huolala's investors include Hongshan Capital Group (Sequoia Capital China), 01VC, Hillhouse Capital, Shunwei Capital, Xianghe Capital.