SHEIN's Funding History: Valuation Soars 1,200-Fold in a Decade

【Ebrun Original】SHEIN has officially listed on the Hong Kong Stock Exchange recently, with a current market capitalization of HK$191 billion.

Looking back at SHEIN's development trajectory over the past decade, the company has completed multiple rounds of financing since its establishment in 2008. SHEIN's highest valuation occurred after its Series D funding round in 2022, when the company held a pre-money valuation of $98.2 billion and a post-money valuation of $100 billion.

Major shareholders of SHEIN named in its prospectus include well-known investment institutions such as IDG affiliates, Sequoia Capital, HSG entities, and HCEP, among others.

According to the prospectus, SHEIN secured $5 million in Series A financing in 2014, with a pre-money valuation of $53 million. Subsequently, the company raised Series B, Series C, Series C+, and Pre-D rounds in 2016, 2018, 2020, and 2022 respectively, pushing its valuation up from $1.1 billion, $2.4 billion, $5 billion to $60.5 billion.

After the 2022 Series D round, SHEIN's valuation hit an all-time high of nearly $100 billion. However, its valuation dropped to $64 billion ahead of the Series D+ round in 2023.

Overall, from a $53 million valuation in 2014 to $64 billion in 2023, SHEIN's valuation has increased 1,200 times over the past decade.

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