When was Midea founded?

Midea was founded in 1968 and raised its 1st funding round 43 years after it was founded.

Where is Midea located?

Midea is headquartered in Parsippany, United States. It is registered at Parsippany, New Jersey.

How many employees does Midea have?

As of Jun 30, 2026, the latest employee count at Midea is 534.

Is Midea a funded company?

Midea is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Unattributed round, raised on Dec 2011.

When was the latest funding round of Midea?

Midea's latest funding was a $***** Post IPO round on Dec 16, 2014, with participation from 1 investor.

Where does Midea rank among its competitors?

Midea ranks 3rd amongst 75 active competitors, of which 5 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Samsung, which secured $35.3K in May, 2023.

Who are the top competitors of Midea?

Midea's top competitors include Samsung, Mitsubishielectric and Haier. Among them, Samsung secured the most recent funding round in May, 2023.

Midea - 2026 Company Profile, Team, Funding & Competitors

Company Details

Midea is a leading global player in consumer appliances and heating, ventilation and air-conditioning (HVAC) systems, with diversified product offering, encompassing air-conditioners, refrigerators, laundry appliances, kitchen appliances and various small home appliances. Founded in 1968 in Guangdong, China, it operates through more than 200 subsidiaries and nine strategic business units. It runs 21 manufacturing sites globally and operates 260 logistics centers. In 2020, the company recorded annual revenues of $39.1 B and a net profit of $3.6 B.

Website: www.midea.com/us
Social
Registered Address: Parsippany, New Jersey

Key Metrics

Founded Year

1968

Location

Parsippany, United States

Stage

Public

Latest Funding Round

Post IPO, Dec 16, 2014, $*****

Investors

CDH & 1 more

Ranked

3^rd among 75 active competitors

Employee Count

534 as on Jun 30, 2026

Investment & Acquisitions

ARBONIA climate & 6 more

Similar Companies

Samsung & 1325 more

Exit Details

Public

View Midea's full profile

Midea is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MIDEA AMERICA CORP CIN: 200487988 , United States, Active	Dec 31, 1999	-	335 (As on Dec 31, 2024)	-
MIDEA INDIA PRIVATE LIMITED CIN: U31906HR2017PTC067945 , India, Active	Mar 01, 2017	₹500 - ₹1,000 Cr (As on Mar 31, 2025)	221 (As on Aug 01, 2025)

Midea got listed on Sep 18, 2013.

Click here to take a look at Midea's IPO in detail

Midea has raised funding over 2 rounds. Its first funding round was on Dec 2011. Its latest funding round was a Post IPO round on Dec 16, 2014 for $*****. 1 investor participated in its latest round. Midea has 2 institutional investors.

Here is the list of recent funding rounds of Midea:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 16, 2014	7107761	Post IPO	5582270	5104229	2554144	2385516
Dec 2011	1388221	Unattributed	3765877	7165559	5886778	CDH

Access funding benchmarks and valuations. Sign up today!

View details of Midea's funding rounds and investors

The founders of Midea is Lilian Zhu.

Here are the details of Midea's key team members:

Lilian Zhu: Digital Marketing Products Owner of Midea.

View details of Midea's Founder profiles and Board Members

Midea's employee count trend

Midea has 534 employees as of Jun 26. Here is Midea's employee count trend over the years:

Uncover Midea's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Midea include Samsung, Mitsubishielectric and Haier. Here is the list of Top 10 competitors of Midea, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Samsung 1938, Suwon-si (South Korea), Public	Manufacturer of multi category electronic products	-	Herald Investment Management, SJL Partners ... & 8 others	80/100
2nd	Mitsubishielectric 1921, Chiyoda-ku (Japan), Public	Manufacturer of diverse electrical and electronic products, systems, and solutions	-	Gov.cz, Europa & 1 others	75/100
3rd	Midea 1968, Parsippany (United States), Public	Consumer appliances manufaturer	-	CDH, Xiaomi	69/100
4th	Haier 1984, Qingdao (China), Public	Manufacturer of a wide range of home and kitchen appliances, including smart home solutions and portable products	-	EIP, Vivo Capital & 6 others	68/100
5th	Coway 1989, Seoul (South Korea), Acquired	Provider of water purification, air purification, and mattress rental services	-	Netmarble Games Corporation, WoongjinThinkBig ... & 2 others	67/100
6th	Gree Electric Appliances 1991, Zhuhai (China), Public	Manufacturer of air-conditioners and limited partners focused on multiple sectors	-	Hillhouse	63/100
7th	AUX 1986, Ningbo (China), Unfunded	Manufacturer and distributor of multi-category home appliances	-	-	51/100
8th	Whirlpool 1911, Benton Harbor (United States), Public	Manufacturer and Marketer of home appliances	-	OSTI	51/100
9th	AIRROBO 2021, Kowloon (China), Unfunded	Internet first brand of smart home appliances	-	-	47/100
10th	Etekcity 2011, Shenzhen (China), Unfunded	Internet first brand of plugs, lightnings, kitchen, fitness tracker and electrical products	-	-	46/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Midea's competitors? Click here to see the top ones

Midea has made 2 investments in companies including AccoPower and SoundHound. Midea has also acquired 5 companies including ARBONIA climate and Shenzhen Clou Electronics.

Here is the list of investments & acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
May 21, 2024	Acquisition	ARBONIA climate	2021	Arbon (Switzerland)
Apr 04, 2023	Acquisition	Shenzhen Clou Electronics	1996	Shenzhen (China)
Dec 28, 2022	Investments	AccoPower	2018	Guangzhou (China)