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DeePoon

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DeePoon VR develops head mounted devices as well as VR content

Huangpu, ChinaFounded 2014Transportation
Valuation $0–100M Latest valuation · 2023
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for DeePoon and the history behind them.

About DeePoon

DeePoon, legally Shanghai LeXiang Technology Co., Ltd., is a Chinese virtual reality (VR) company founded in 2014 by its CEO, Chen Zhaoyang. Chen, a graduate of the University of Electronic Science and Technology in Chengdu, had a long-standing fascination with portable computing and head-mounted displays, having led a team to invent China's first arm-mounted wearable computer in university before working at Intel China. He established DeePoon to make VR/AR technology more accessible to Chinese consumers.

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The company engineers, develops, and manufactures both PC-tethered and standalone all-in-one VR headsets. Its business model encompasses hardware sales and a content distribution platform. Revenue is generated through the sale of its VR devices to consumers and B2B clients in sectors like amusement parks, education, and healthcare. Additionally, DeePoon operates its own VR content platforms, '3D Bobo' for mobile and 'DeePoon Zhushou' for PC, which host a library of games and videos, accumulating over 6.5 million registered users on the mobile app. The company secured a significant $30 million in Series B funding in December 2015, led by Xunlei and Kingnet, which brought its valuation to approximately $123 million.

DeePoon has released a range of products targeting different market segments. Early products included the Virglass series and the DeePoon Kankan, a viewer similar to Google Cardboard. The PC-powered E-series, such as the E2 and E3, gained attention for being comparable to the Oculus Rift DK2 and featured high-resolution Samsung AMOLED displays. The DeePoon M2, launched in 2016, was marketed as one of the world's first all-in-one VR headsets, featuring a Samsung 2.5K AMOLED display and a Samsung Exynos 7420 processor. Subsequent models like the DPVR E3 offered a 2560x1440 resolution and a 110° field of view, compatible with platforms like SteamVR. The company focuses on both the hardware specifications, such as refresh rate and low latency (under 19ms), and the user experience by building a content ecosystem with over 100 gaming companies and video providers.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2014
Headquarters
Huangpu, China
Open positions
None listed
Dealroom signal
22.7/100
Industry
Transportation
Sector
Transportation, Consumer Electronics, Spinout, DT and LS, science-based
Technology
Hardware, Deep Tech
Business model
Manufacturing
Client focus
b2b

Latest news

Press, funding announcements and product moves mentioning DeePoon.

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Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES DEquity / VC Mar 2023 $14M $55M Qingdao Microelectronics Innovation Center · Qingdao International Investment
SERIES CEquity / VC Jun 2022 $2.8M $11M Lianxin Asset Management Fund · Huaqiang Capital · Beijing Qianyi Investment
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Growth signals

DeePoon website traffic

Latest recorded traffic for DeePoon is 4.6K monthly website visits, down 45.9% over the last three months.

Latest monthly visits4.6K 3-month web change-45.9%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investors

11 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Xunlei

Series B and later9 investors entered at this stage

  • Xiaocun Capital
  • CQY Capital
  • Boyuan Fund
  • Union Optech
  • Lianxin Asset Management Fund
  • Huaqiang Capital
  • Beijing Qianyi Investment
  • Qingdao Microelectronics Innovation Center
  • Qingdao International Investment

Other known investors1 additional known investor

  • University of Electronic Science and Technology of China
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇳 China · Huangpu HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about DeePoon on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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