China · 
Who invested in Black Fish?
Black Fish's investors include Lightspeed Venture Partners, JAFCO, Gobi, Morningside Group and China Growth Capital, and 5 more on record.
20182019
$145MRound$50MSeries AChina · Series A startup
Who invested in Black Fish
2 rounds we have observed, with the 10 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.
Funding summaryUpdated 26 Oct 2026
$195Mraised across 2 rounds since 2018, from 2 sources
$145MRound$50MSeries A
- Latest round
- Series A, $50MAug 2018
- Biggest round
- $145MRound · Jan 2018
- Investors
- 10
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Round, $145M Jan 2018
- Biggest round
- $145M Round · Jan 2018
- Between rounds
- 7 months from the last two
The rounds
- Aug 2018Series A$50M4 new3 returning
Lightspeed Venture Partners
JAFCO
China Growth Capital
Rakuten Capital- AlphaX/ Morningside
- Gobi
- Nanjing Fullshare
Reported by China Money Network
- Jan 2018Round$145M6 new
- Lightspeed Venture Partners
Morningside Group- JAFCO
- Fullcent
- Gobi
- Zhang Tao
Reported by China Money Network
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.
Round2018Series A2018Lightspeed Venture PartnersJAFCOGobiMorningside GroupChina Growth CapitalRakuten CapitalAlphaX/ MorningsideFullcentNanjing FullshareZhang Tao
Lightspeed Venture PartnersJAFCOGobiMorningside GroupChina Growth CapitalRakuten CapitalAlphaX/ MorningsideFullcentNanjing FullshareZhang TaoEveryone who backed them
Gobino record of our own yet2rounds
AlphaX/ Morningsideno record of our own yet1round
Fullcentno record of our own yet1round
Nanjing Fullshareno record of our own yet1round
Zhang Taono record of our own yet1round
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
These 2 firms list Black Fish as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.
Quick answers about Black Fish
How much has Black Fish raised?
Black Fish has raised $195M across 2 rounds since 2018.
When did Black Fish last raise?
Black Fish's most recent round was a Series A of $50M in Aug 2018.
What was Black Fish's biggest round?
Black Fish's largest round on record is $145M (Undisclosed round), in Jan 2018.
Who backed Black Fish first?
Black Fish's first round on record, in Jan 2018, was backed by Lightspeed Venture Partners, Morningside Group and JAFCO and 3 others.
What stage is Black Fish at?
Black Fish's latest named round is a Series A, in Aug 2018.
Where is Black Fish based?
Black Fish is based in China.
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