# ByteDance funding: rounds and investors

> ByteDance has raised $33B across 3 rounds since 2018. Investors include General Atlantic, JP Morgan and Citibank. Every round with its source.

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

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

# Who invested in *ByteDance*

3 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.

AI Big Data & Analytics Cloud Internet

Raised 2 months ago Valuation: $480B, Mar 2026

Funding summary Updated 26 Oct 2026

**$33B** raised across 3 rounds since 2018, from 3 sources

**$3.0B** Round **$300M** Secondary **$30B** Debt

- **Latest round:** Debt, $30B Sept 2026
- **Led by:** JP Morgan and Citibank
- **Step-up i:** 98.7×
- **Investors:** 10 (2 led)

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.

2020 2022 2024 2026

**$3.0B** Round

**$300M** Secondary

**$30B** Debt

- **First round:** Round, $3.0B
- **Biggest round:** $30B
- **Usual gap between rounds:** 7 years

## The rounds

- **Sept 2026** Debt **$30B** *2 new* [JP Morgan](https://millionrounds.com/fund/jpmorgan) Lead [Citibank](https://millionrounds.com/fund/citigroup) Lead Reported by TechStartups
- **Nov 2025** Secondary **$300M** *4 new* *1 returning* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) [HSG](https://millionrounds.com/fund/hsg) [General Atlantic](https://millionrounds.com/fund/general-atlantic) [TCV](https://millionrounds.com/fund/tcv) Source recorded
- **Oct 2018** Round **$3.0B** *4 new* [General Atlantic](https://millionrounds.com/fund/general-atlantic) [SoftBank BB Corp](https://millionrounds.com/fund/softbank) [KKR](https://millionrounds.com/fund/kkr) Primavera Reported by Forbes

## Founders and team

From ByteDance's own website: 5 on the team.

- **Arthur Dantchik** Board Member
- **Neil Shen** Board Member
- **Rubo Liang** Chairman of the Board
- **William E. Ford** Board Member
- **Xavier Niel** Board Member

## 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.

**Round** 2018 **Secondary** 2025 **Debt** 2026 [General Atlantic](https://millionrounds.com/fund/general-atlantic) [JP Morgan](https://millionrounds.com/fund/jpmorgan) L [Citibank](https://millionrounds.com/fund/citigroup) L [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) [HSG](https://millionrounds.com/fund/hsg) [TCV](https://millionrounds.com/fund/tcv) [SoftBank BB Corp](https://millionrounds.com/fund/softbank) [KKR](https://millionrounds.com/fund/kkr) Primavera

## Everyone who backed them

[General Atlantic](https://millionrounds.com/fund/general-atlantic) Private equity **2** rounds

[JP Morgan](https://millionrounds.com/fund/jpmorgan) Investment bank **1** round, led 1

[Citibank](https://millionrounds.com/fund/citigroup) Investment bank **1** round, led 1

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

[Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) VC firm **1** round

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

[TCV](https://millionrounds.com/fund/tcv) Private equity **1** round

[SoftBank BB Corp](https://millionrounds.com/fund/softbank) Company **1** round

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

Primavera 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=bytedance).

## Also claim to have backed them

These 17 firms list ByteDance 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.

[Source Code Capital](https://millionrounds.com/fund/source-code-capital) VC firm Per its own site

[5Y Capital](https://millionrounds.com/fund/5y-capital) VC firm Per its own site

[Notable Capital](https://millionrounds.com/fund/notable-capital) VC firm Per its own site

[K5 Ventures](https://millionrounds.com/fund/k5-ventures) Accelerator Per its own site

[Xianghe Capital](https://millionrounds.com/fund/xianghe-capital) VC firm Per its own site

[Galdana Ventures](https://millionrounds.com/fund/galdana-ventures) Fund of funds Per its own site

[K3 Ventures](https://millionrounds.com/fund/k3-ventures) VC firm Per its own site

[Trog Hawley Capital](https://millionrounds.com/fund/trog-hawley-capital) Family office Per its own site

[Base Partners](https://millionrounds.com/fund/base-partners) VC firm Per its own site

[Dark Pool Capital](https://millionrounds.com/fund/dark-pool-capital) Growth equity Per its own site

[Digital Invest](https://millionrounds.com/fund/digital-invest-2) Family office Per its own site

[Eudaimonia Capital](https://millionrounds.com/fund/eudaimonia-capital) Angel network Per its own site

[LQ Pacific Partners](https://millionrounds.com/fund/lq-pacific-partners) Private equity Per its own site

[Legal Capital](https://millionrounds.com/fund/legal-capital) Private equity Per its own site

[TF Capital Management LLC](https://millionrounds.com/fund/tf-capital-management-llc) Investor Per its own site

[TR Capital](https://millionrounds.com/fund/tr-capital-group) Private equity Per its own site

[Unicorn Capital Partners %e7%8d%a8%e7%a7%80%e8%b3%87%e6%9c%ac](https://millionrounds.com/fund/unicorn-capital-partners) Fund of funds Per its own site

## Quick answers about ByteDance

### Who invested in ByteDance?

ByteDance's investors include General Atlantic, JP Morgan, Citibank, Sequoia Capital and Qiming Venture Partners, and 5 more on record. JP Morgan led its latest round.

### How much has ByteDance raised?

ByteDance has raised $33B across 3 rounds since 2018.

### When did ByteDance last raise?

ByteDance's most recent round was a Debt of $30B in Sept 2026, led by JP Morgan.

### What was ByteDance's biggest round?

Its most recent round, $30B in Sept 2026, is also its largest on record.

### Who backed ByteDance first?

ByteDance's first round on record, in Oct 2018, was backed by General Atlantic, SoftBank BB Corp and KKR and 1 others.

### What stage is ByteDance at?

ByteDance's latest named round is a Debt, in Sept 2026.

### Where is ByteDance based?

ByteDance is based in China.

### Who led ByteDance's rounds?

JP Morgan led the Debt in 2026.

## Companies like ByteDance

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)[**Even Realities** $150M · Jul 2026](https://millionrounds.com/company/even-realities)

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