# Baifendian funding: rounds and investors

> Baifendian has raised $114M across 4 rounds since 2011. Investors include IDG Capital, Mingxin China Growth Fund and Chinese State Fund.

Source: https://millionrounds.com/company/baifendian (Millionrounds; every figure on the page links to its filing or article)

China · [Series E startup](https://millionrounds.com/companies)

# Who invested in *Baifendian*

4 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Education

Funding summary Updated 26 Oct 2026

**$114M** raised across 4 rounds since 2011, from 4 sources

**$7.2M** Series A **$10M** Series B **$25M** Series C **$72M** Series E

- **Latest round:** Series E, $72M Nov 2018
- **Step-up i:** 2.9×
- **Investors:** 4

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2011 2012 2013 2014 2015 2016 2017 2018

**$7.2M** Series A

**$10M** Series B

**$25M** Series C

**$72M** Series E

- **First round:** Series A, $7.2M
- **Biggest round:** $72M
- **Usual gap between rounds:** 2.1 years

## The rounds

- **Nov 2018** Series E **$72M** *1 new* Chinese State Fund Reported by China Money Network
- **Jul 2014** Series C **$25M** No investor was named in the report. From a historical funding record
- **Jul 2013** Series B **$10M** *1 new* *1 returning* [IDG Capital](https://millionrounds.com/fund/idg-capital) East Sky Investment Reported by technode.com
- **Jul 2011** Series A **$7.2M** *2 new* [IDG Capital](https://millionrounds.com/fund/idg-capital) [Mingxin China Growth Fund](https://millionrounds.com/fund/mingxin-china-growth-fund) Reported by technode.com

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2011 **Series B** 2013 **Series C** 2014 **Series E** 2018 [IDG Capital](https://millionrounds.com/fund/idg-capital) [Mingxin China Growth Fund](https://millionrounds.com/fund/mingxin-china-growth-fund) Chinese State Fund East Sky Investment

## Everyone who backed them

[IDG Capital](https://millionrounds.com/fund/idg-capital) Private equity **2** rounds

[Mingxin China Growth Fund](https://millionrounds.com/fund/mingxin-china-growth-fund) VC firm **1** round

Chinese State Fund no record of our own yet **1** round

East Sky Investment no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=baifendian).

## Quick answers about Baifendian

### Who invested in Baifendian?

Baifendian's investors include IDG Capital, Mingxin China Growth Fund, Chinese State Fund and East Sky Investment.

### How much has Baifendian raised?

Baifendian has raised $114M across 4 rounds since 2011.

### When did Baifendian last raise?

Baifendian's most recent round was a Series E of $72M in Nov 2018.

### What was Baifendian's biggest round?

Its most recent round, $72M in Nov 2018, is also its largest on record.

### Who backed Baifendian first?

Baifendian's first round on record, in Jul 2011, was backed by IDG Capital and Mingxin China Growth Fund.

### What stage is Baifendian at?

Baifendian's latest named round is a Series E, in Nov 2018.

### Where is Baifendian based?

Baifendian is based in China.

## Companies like Baifendian

In the same sector, and raised in the last eighteen months.

[**DeepSeek** $24B · Oct 2026](https://millionrounds.com/company/deepseek)[**AGIBOT** $149M · Oct 2026](https://millionrounds.com/company/agibot)[**Infinigence AI** $344M · Oct 2026](https://millionrounds.com/company/infinigence-ai)[**NIMO** Oct 2026](https://millionrounds.com/company/nimo)[**Nutshell Therapeutics** $40M · Sept 2026](https://millionrounds.com/company/nutshell-therapeutics)[**ByteDance** $33B · Sept 2026](https://millionrounds.com/company/bytedance)

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