Startup funding in China
35 funding rounds for startups in China were tracked in the last 24 months, raising about €23.6B in total. The largest was DeepSeek at €6.4B. Data to 2026-10-12.
35Rounds
€23.6BRaised
See these rounds on the map or search the full table.
Stages
Top sectors
Largest rounds
| Company | Amount | Stage | Date | Source |
|---|---|---|---|---|
| DeepSeek | €6.4B | Series D+ | 2026-06-01 | link |
| Z.ai | €4.3B | Growth/Late | 2026-09-14 | link |
| Moonshot AI | €3.0B | Series D+ | 2026-08-04 | link |
| Kling AI | €2.4B | Series D+ | 2026-07-01 | link |
| StepFun | €2.1B | Series D+ | 2026-06-01 | link |
| Yuanxin Satellite | €860M | Growth/Late | 2026-08-01 | link |
| Shihang Intelligent | €860M | Series A | 2026-06-15 | link |
| Xpeng Robotics | €774M | Series A | 2026-09-23 | link |
| Manus | €430M | Early VC | 2026-10-08 | link |
| Butterfly Effect | €430M | Growth/Late | 2026-10-08 | link |
Most active investors
- IDG Capital · 3 rounds
- Tencent · 3 rounds
- Boyu Capital · 2 rounds
- HSG · 2 rounds
- ZhenFund · 2 rounds
Latest rounds
| Date | Company | Amount | Stage | Source |
|---|---|---|---|---|
| 2026-10-12 | Infinigence AI | €27.6M | Series C | link |
| 2026-10-12 | Matrix Innovation | n/d | Early VC | link |
| 2026-10-12 | PONGBOT | n/d | Series B | link |
| 2026-10-08 | Manus | €430M | Early VC | link |
| 2026-10-08 | Butterfly Effect | €430M | Growth/Late | link |
| 2026-10-08 | <UNKNOWN> | €25.8M | Early VC | link |
| 2026-10-08 | LivSyn Robotics | €12.0M | Series A | link |
| 2026-10-08 | NIMO | n/d | Early VC | link |
| 2026-09-24 | Moxing | €129M | Series D+ | link |
| 2026-09-23 | Xpeng Robotics | €774M | Series A | link |
| 2026-09-21 | GENISOM AI | n/d | Series B | link |
| 2026-09-21 | SemiDrive | €129M | Series C | link |
| 2026-09-17 | Shanghai Zufu Intelligent Technology Co., Ltd. | €86.0M | Series C | link |
| 2026-09-17 | D-Robotics | €344M | Series C | link |
| 2026-09-14 | Z.ai | €4.3B | Growth/Late | link |
| 2026-09-11 | Kinetix AI | €60.0M | Other | link |
| 2026-09-10 | PHYMI | €86.0M | Seed | link |
| 2026-09-08 | Genlight Medical | n/d | Series C | link |
| 2026-09-03 | Yuanxin Satellite | n/d | Series D+ | link |
| 2026-09-01 | VAST | €384M | Series B | link |
| 2026-09-01 | Tripo AI | €360M | Series B | link |
| 2026-09-01 | Beijing Kling Technology | €16.8M | Growth/Late | link |
| 2026-08-28 | PsiBot | €86.0M | Growth/Late | link |
| 2026-08-06 | PokeBot | n/d | Pre-Seed | link |
| 2026-08-05 | Kaiwang Data | €12.0M | Growth/Late | link |
Frequently asked questions
- How much funding did startups in China raise in the last 24 months?
- Across 35 tracked rounds, startups in China raised about €23.6B in total (amounts normalised to EUR). Data runs to 2026-10-12.
- What was the largest funding round for startups in China?
- DeepSeek raised €6.4B (Series D+) on 2026-06-01.
- Which investors are most active in startups in China?
- By number of tracked rounds: IDG Capital (3), Tencent (3), Boyu Capital (2), HSG (2), ZhenFund (2). Investor names are only available for rounds where the source disclosed them.
- Which sectors raise the most rounds for startups in China?
- AI (25), Robotics (12), Deeptech (5), Hardware (2), by number of rounds.
- Where does this data come from?
- Rounds come from the Tech.eu Funding Explorer (Europe, CC BY 4.0), startup news feeds read by an AI model, and SEC EDGAR Form D filings in the US. Europe has the deepest coverage, so totals for other regions are likely understated. Check the linked source before relying on any figure.