Sea Limited
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Sea Limited - overview
Established
2006
Location
Singapore, -, Singapore
Primary Industry
Internet
About
Founded in 2006 in Singapore, Sea Limited is a leading internet company specializing in digital entertainment, e-commerce, and digital financial services, catering primarily to markets in Southeast Asia. Sea Limited is a prominent internet platform that operates in digital entertainment, e-commerce, and financial services. The company was founded in Singapore in 2009 by Forrest Li, who has a history of entrepreneurial ventures. In October 2017, Sea Limited raised USD 884 mn in an IPO on the NYSE, selling 58.
96 million shares at USD 15 per share, with all VC investors having exited their stake in the company. The latest funding round, Venture Debt, raised USD 575 mn, contributing to a total funding amount of USD 884 mn. Sea Limited operates through three primary segments: digital entertainment via its gaming platform Garena, e-commerce through Shopee, and digital financial services through Monee. Garena provides users with access to competitive online gaming experiences, while Shopee facilitates a wide range of online transactions across Southeast Asia and Taiwan.
Monee enhances the accessibility of financial services aimed at both consumers and small businesses, ensuring a diverse offering that meets various regional needs. In the most recent financial year, Sea Limited reported a revenue of USD 1. 92 bn and an EBITDA of USD 954. 73 mn.
Revenue from Garena primarily derives from in-game purchases and advertising, while Shopee generates income through seller transaction fees and promotional services. Monee earns revenue through service fees related to financial transactions, creating a comprehensive revenue structure that reflects the company's focus on enhancing user engagement and satisfaction. Sea Limited aims to expand its market presence and product offerings. The company is focused on improving its digital entertainment segment and enhancing its e-commerce platform, Shopee, while also looking to introduce new financial products under Monee.
Recent funding from the Venture Debt round will support these initiatives, allowing the company to scale operations and enter new geographical markets. Specific regions targeted for expansion have not been disclosed, but the company is expected to continue its growth trajectory leveraging its established presence in Southeast Asia.
Current Investors
Financial Frontiers, Khazanah Nasional Berhad, Mistletoe
Primary Industry
Internet
Sub Industries
e-Financial, Web Applications, Gaming
Website
www.seagroup.com
Verticals
E-commerce, FinTech, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Sea Limited - timeline of key events
Sea Limited - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 173,394,708 | 196,129,378 | 279,474,342 | 443,480,863 | 1,359,774,000 | 2,687,198,000 | 5,385,537,000 | - | - | - |
| % Revenue Growth (YoY) | - | 13.1% | 42.5% | 58.7% | 206.6% | 97.6% | 100.4% | - | - | - |
| EBITDA (USD) | 27,786,638 | 30,552,683 | 52,013,837 | 91,412,418 | 679,487,000 | 1,474,429,000 | 3,180,249,000 | - | - | - |
| Operating Income (USD) | 12,299,331 | 6,838,122 | 32,292,599 | 58,540,025 | 665,626,000 | 1,455,056,000 | 3,140,511,000 | - | - | - |
| Operating Margin | 7.1% | 3.5% | 11.6% | 13.2% | 49.0% | 54.1% | 58.3% | - | - | - |
| % EBITDA Margin | 16.0% | 15.6% | 18.6% | 20.6% | 50.0% | 54.9% | 59.1% | - | - | - |
| NET Income (USD) | 12,833,657 | (2,901,686) | 12,498,007 | 33,226,041 | 559,877,000 | 1,240,455,000 | 2,777,568,000 | - | - | - |
| % Net Margin | 7.4% | (1.5%) | 4.5% | 7.5% | 41.2% | 46.2% | 51.6% | - | - | - |
Sea Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct, PIPE | Completed | Sea Limited | - |
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Sea Limited - employee data
Sea Limited - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman and Group CEO | BM |
BM Board Member
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