# Blued funding: rounds and investors

> Blued has raised $132M across 3 rounds since 2014. Investors include DCM Ventures, Shunwei Capital and Ventech. Every round with its source.

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

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

# Who invested in *Blued*

3 rounds we have observed, with the 9 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.

Internet

Funding summary Updated 26 Oct 2026

**$132M** raised across 3 rounds since 2014, from 4 sources

**$1.6M** Series A **$30M** Series B **$100M** Series D

- **Latest round:** Series D, $100M Feb 2018
- **Step-up i:** 3.3×
- **Investors:** 9

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.

2014 2015 2016 2017 2018

**$1.6M** Series A

**$30M** Series B

**$100M** Series D

- **First round:** Series A, $1.6M
- **Biggest round:** $100M
- **Usual gap between rounds:** 3.3 years

## The rounds

- **Feb 2018** Series D **$100M** *6 new* *1 returning* [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) [Ventech](https://millionrounds.com/fund/ventech) [CDH Investments](https://millionrounds.com/fund/cdh-investments) [M Ventures](https://millionrounds.com/fund/m-ventures) CDH/ UG UG Capital Reported by FinSMEs and 1 other
- **Nov 2014** Series B **$30M** *1 new* [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) From a historical funding record
- **Feb 2014** Series A **$1.6M** *2 new* [Zhonglu Capital](https://millionrounds.com/fund/zhonglu-capital) [Crystal Stream](https://millionrounds.com/fund/crystal-stream) From a historical funding record

## 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** 2014 **Series B** 2014 **Series D** 2018 [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) [Ventech](https://millionrounds.com/fund/ventech) [CDH Investments](https://millionrounds.com/fund/cdh-investments) [M Ventures](https://millionrounds.com/fund/m-ventures) [Zhonglu Capital](https://millionrounds.com/fund/zhonglu-capital) [Crystal Stream](https://millionrounds.com/fund/crystal-stream) CDH/ UG UG Capital

## Everyone who backed them

[DCM Ventures](https://millionrounds.com/fund/dcm-ventures) Private equity **2** rounds

[Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) VC firm **1** round

[Ventech](https://millionrounds.com/fund/ventech) VC firm **1** round

[CDH Investments](https://millionrounds.com/fund/cdh-investments) Private equity **1** round

[M Ventures](https://millionrounds.com/fund/m-ventures) Corporate VC **1** round

[Zhonglu Capital](https://millionrounds.com/fund/zhonglu-capital) VC firm **1** round

[Crystal Stream](https://millionrounds.com/fund/crystal-stream) VC firm **1** round

CDH/ UG no record of our own yet **1** round

UG Capital 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=blued).

## Also claim to have backed them

This firm lists Blued as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Ventech China](https://millionrounds.com/fund/ventech-china) VC firm Per its own site

## Quick answers about Blued

### Who invested in Blued?

Blued's investors include DCM Ventures, Shunwei Capital, Ventech, CDH Investments and M Ventures, and 4 more on record.

### How much has Blued raised?

Blued has raised $132M across 3 rounds since 2014.

### When did Blued last raise?

Blued's most recent round was a Series D of $100M in Feb 2018.

### What was Blued's biggest round?

Its most recent round, $100M in Feb 2018, is also its largest on record.

### Who backed Blued first?

Blued's first round on record, in Feb 2014, was backed by Zhonglu Capital and Crystal Stream.

### What stage is Blued at?

Blued's latest named round is a Series D, in Feb 2018.

### Where is Blued based?

Blued is based in China.

## Companies like Blued

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

[**ByteDance** $33B · Sept 2026](https://millionrounds.com/company/bytedance)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**Blackwall** $162M · Oct 2026](https://millionrounds.com/company/blackwall)[**Tolan** $30M · Oct 2026](https://millionrounds.com/company/tolan)[**Welltory** $4.0M · Oct 2026](https://millionrounds.com/company/welltory)[**Overtime** $33M · Oct 2026](https://millionrounds.com/company/overtime)

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