5Y News | Huoban Cloud Completes $40 Million Series B+ Round
Empower more small and medium-sized enterprises to achieve deep digital transformation.
Huobanyun, a no-code application development platform, has closed a $40 million Series B+ round co-led by a well-known institutional investor and a strategic investor, with continued support from existing shareholders HSG and 5Y Capital. The company also welcomed new investors Trustbridge Partners, Joylink Capital, and Belle Consumer Fund. YiBai Capital served as the exclusive financial advisor.
Prior to this, Huobanyun had raised a $17 million Series B round led by HSG and 5Y Capital, with participation from Challenger Capital. On December 10, the "Huobanyun × WeChat Work Joint Launch Event" concluded in Beijing. The official release of Huobanyun Product 5.0 marked a strong follow-through on the previous round's promise. The new $40 million Series B+ funding will be directed toward continuous product upgrades and customer-centric process optimization to deliver an improved product and service experience.
Qin Liu, Founding Partner of 5Y Capital, commented: "The Huobanyun team has gone through patient exploration and accumulation, seizing the no-code digitalization trend in cloud computing and entering a fast track of development. In just the six months since the last funding round, Huobanyun has leveraged internet traffic ecosystems to help SMEs with digital empowerment, achieving significant breakthroughs and making solid progress in exploring a subscription-based commercial model. We believe Dai Zhikang will lead the Huobanyun team to even greater success, empowering more SMEs to achieve deep digitalization. Our best wishes to Huobanyun."
Huobanyun is the digital "cool toy" for a new generation of managers. As a no-code data collaboration platform, Huobanyun leverages the geek DNA of the original Discuz! team and its aPaaS underlying system to enable businesses to build management systems for different industries and scenarios without any development, continuously powering enterprise digital transformation.
Huobanyun is more than a tool — it's a fresh way of working. In October this year, Huobanyun officially announced version 5.0 and opened it for trial. After nearly two months of buildup, the upgraded product officially launched on December 10. This update includes multi-level navigation, data editing and display, unified admin backend, table view memory, interactive dashboards, and more. The 5.0 release is the result of continuous product refinement and technical accumulation.
Beyond the logo and website — alongside the product update, Huobanyun has unveiled a completely new brand identity. With a comprehensive logo upgrade, all product pages have undergone significant simplification and reorganization of interface elements, including personalized customization displays, full-site dark mode, and data presentation charts, with visual elements comprehensively expanded and added. The new official website has also been updated simultaneously — high aesthetics backed by real substance.
As a no-code data collaboration platform, Huobanyun aims to create the digital "cool toy" for a new generation of managers. As younger professionals move into management roles, their understanding of enterprise digitalization and tool preferences are showing distinct differences. Based on this observation, Huobanyun has sharpened its positioning. Beneath the trendy, cool exterior lies rigorous underlying architecture and product modeling — easily overlooked by users, yet core to any no-code platform.
In the current era, businesses of all sizes have greater demands for innovation and agility. Managers need tools that closely fit their specific operations, and Huobanyun has precisely captured this by committing to a PLG (Product-Led Growth) model — using the product itself to open markets and help SMEs reconstruct traditional business models with digital thinking. Through no-code building, using a block-stacking approach that turns code into componentized modules, applications are created through a graphical drag-and-drop interface, cleverly enabling small and medium teams to rapidly establish their own business data and collaboration systems.
Huobanyun has already become the choice of emerging companies including Genki Forest, Pop Mart, NIO, KE Holdings, and Bestore, with over 2.4 million enterprise employees using it daily. According to Huobanyun's data, the company's ARR this year has grown approximately 4x year-over-year, with 20 million data entries created or updated on the platform daily.
5Y Capital (formerly Morningside Venture Capital) currently manages approximately RMB 32 billion across USD and RMB dual-currency funds. 5Y Capital seeks out, supports, and inspires lonely entrepreneurs, providing support from spiritual encouragement to full operational backing. We believe that if the "crazy" you in others' eyes begins to be believed in, the world will become a different place.
BEIJING · SHANGHAI · SHENZHEN · HONG KONG
