SOLD
Even Realities Secures $150 Million In Pre-Series B Funding Led By Meituan And Tencent
Building Size
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Asset Type
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Closing
Jul 6, 2026
AI
Even Realities, a Shenzhen-based smart glasses startup, has raised $150 million in a pre-Series B funding round led by Meituan. The funding round also saw participation from existing investor Tencent, which brings the company’s valuation to $1 billion.
Summary of transaction details:
- Deal Type: Pre-Series B
- Transaction Amount: $150,000,000
- Company Name: Even Realities
- CEO: Will Wang
- Headquarters: Shenzhen, China
- Notable Investors: Meituan, Tencent, Hillhouse, Sequoia China, Northern Light Venture Capital
Founded in 2023 by a team of former Apple engineers, Even Realities has set itself apart in the smart glasses market with a privacy-first approach, offering camera-free devices powered by its proprietary Even HAO optical system. The new funding will aid in the company's global expansion efforts as it leverages the popularity of its G1 and G2 smart glasses across regions such as the U.S., Japan, South Korea, Europe, and the Middle East.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93