The flash announced a Series A funding plan. Pen Fun Pavilion wWw. ｂiquge。 ｉｎfo

This financing is less than two months after the last round.

The last round of flash mobs was valued at 250 million, and the venture capital circle felt that this was already at a premium.

The last round of financing of the flash mob was 25 million, plus the precipitation funds in various markets, the venture capital circle generally believes that the flash can use more than 40 million funds.

Now the flash mob has announced that it will raise funds, which means that the 40 million has been burned out.

However, in comparison, the 40 million burned is quite reliable, at least one magic market has been improved, two markets in Yangcheng and Bao'an have been opened, and two markets in Wudong and Xixi have been initially built.

In the early days of the flash mob, Shi Lei and Wei Xingyue jointly invested more than 20 million, which was actually a market in the imperial capital, and the magic market was just a shelf at that time.

Therefore, the 40 million in the past two months is equivalent to three complete markets, while the previous more than 20 million has only been a market in the imperial capital, and the efficiency of burning money is quite good.

With Shi Lei's bold words, coupled with the market performance of the four first-tier cities, the venture capital circle is not as conservative as before, and some investors begin to think that the flash mob model may also be able to generate profit space.

Moreover, investors are not stupid, they are better than anyone else, and investing in this kind of thing does not mean that they will invest in a random project, and wait for the potential stocks that have exploded in the table in a gambling style. Before investing, it is necessary to at least affirm its operating model, and it is best to find a profit model directly, so that the possibility of investment will be greater.

Qixuan has undoubtedly not found a reasonable profit model, but the user data and state support it brings are a new concept of green environmental protection, which is enough to make investors excited.

Although the flash mob is still not favored by them, but through the cooperation between the flash mob and Qixuan during this time, investors also see that the two companies complement each other, as long as Qixuan continues to develop well, the flash mob survives several rounds of financing, and even continues to increase in value is promising.

Therefore, when the flash mob announced the financing plan, the outside world still had a lot of complaints, but the venture capital circle took active action.

Within these investment companies that have taken action, there is a tacit consensus, that is, everyone thinks that the flash flash company should have profit margins as soon as possible, and if the second-tier cities respond better, the C round still has the possibility of operation, but the D round is not worth entering anyway.

Only 24 hours after the news of the financing spread, Wei Xingyue's office computer already had five investment interview emails.

Wei Xingyue called the companies of these five emails one by one, and asked the other party to quote directly, and the two companies silently asked Wei Xingyue to quote, Wei Xingyue politely asked the other party to think again, and then hung up the phone.

The other three companies quoted a valuation of 800 million yuan, Wei Xingyue politely refused one by one, the other party asked her to think more, and she strongly told the other party not to consider it.

Subsequently, Yao Er also released the news to the outside world that Qixuan was going to carry out Series B financing.

For a while, the phone on Yao's desk became a hotline, and investors were obviously more optimistic about the development of Qixuan and more willing to invest in Qixuan than flash mobs.

And Yao Er's attitude is also stronger than Wei Xingyue's, no matter whether he is close or close, Yao Er has the same sentence - "Please form an investment letter of intent and fax it directly to our company." I'm sorry, but I have too many phone calls and limited brain capacity, so I really can't remember. ”

This is also something that can't be helped, who makes Qixuan now a sweet spot in the investment market. Many entrepreneurs must run from house to house with their business plans, and they may not be able to get an investment if they ask their father to tell their grandmother, but Qixuan is Jiang Taigong who sits firmly in Diaoyutai and doesn't want to answer the phone, as long as he reads the written letter of intent for investment.

To put it bluntly, this is Qixuan waiting for the price to sell, waiting for the capital market to give a higher valuation.

But even so, the letter of intent for investment was sent to Qixuan one by one, and Yao Er called Shi Qiang and asked him to hand over the work in hand as soon as possible and return to the headquarters of Wudong Qixuan.

Shi Lei had roughly reached an agreement with Shi Qiang before, Shi Qiang originally thought that he would have to wait for the layout of the other two cities in the Pearl River Delta to be more perfect, but he didn't expect that after Yaoer launched the B round of financing, he would immediately call him back.

Because Shi Lei had greeted him in advance, Shi Qiang also consciously divided the power in his hands to four people during this time, and let each of them be in charge of a city.

Now after receiving a call from Yao Er, Shi Qiang immediately called a meeting of four people, saying that whoever can sit in his position depends on the performance of the next four people. At the same time, they are warned that if they want to rise, they should do their own market and not try to stumble on other people's markets. Once someone is found to have harmed the company's interests, it is not a matter of not being promoted.

The four of them looked at each other, Shi Qiang took two days to completely hand over the work in hand, Shi Lei had also returned to Bao'an at this moment, and naturally took over Shi Qiang's position, but he also expressed his attitude to the four people, he was only temporarily responsible for coordinating the work of the four of them, and would not control this position too much.

Shi Qiang returned to Wudong.

Yao Er handed over the selected letter of intent to Shi Qiang, and Shi Qiang understood that this was Yao Er showing him the current capital market's pursuit of Qixuan, and at the same time, it was also showing him the current valuation range of Qixuan.

Although Shi Lei promised that the right to lead the B round of voting could be given to Shi Qiang, but Shi Qiang had to keep up with the situation of Qixuan, it could not be said that the outside world valued Qixuan at 2 billion, but Shi Qiang only gave a valuation of 1 billion, so let Shi Qiang lead the investment, right?

Moreover, Yao Er found that even he imagined Qixuan's valuation to be a little low, because among more than ten investment intent letters, the lowest valuation reached 1.8 billion soft girl coins, and the one with the highest valuation even gave Qixuan a valuation of 400 million US dollars.

400 million US dollars, according to the current exchange rate of about 6.7 billion soft sister coins, is already a valuation of 2.7 billion soft sister coins.

Shi Qiang took these letters of intent and went back to discuss them with his family.

With a valuation of more than 2 billion, it takes more than 200 million cash to win all the shares of the 10 points in the B round, although Shi Qiang's family has money, but it is really not enough to take out more than 200 million cash casually.

Moreover, it is impossible for the Shi family to eat the meat and drink not a drop of soup left, the capital market is so enthusiastic, Shi Qiang must also take into account the ideas of other companies.

The key is that Qixuan will never accept the condition of paying financing in installments now, and if it wants to invest, it must inject all the funds in one lump sum.

The final result of the discussion was to make a valuation of 2.6 billion soft sister coins for Qixuan, with Shi Qiang's family leading the investment, accounting for 5%, and the remaining 5% of the shares were distributed by the three companies with the strongest investment intentions and the highest quotations.

Three days later, Qixuan, who later released the financing news, took the first step to win the B round of financing.

Qixuan's valuation reached 2.6 billion, and this round of financing also reached 260 million, plus all the companies invested in the A round expressed their intention to increase their holdings, and Qixuan actually received nearly 290 million in the B round of financing.

The companies that failed to get Qixuan's B round of investment don't know if they were stimulated, and half of them turned to flash mobs.

This made Wei Xingyue's final flash A round of financing reach 130 million, which also means that the flash is valued at 1.3 billion.