# Club Factory funding: rounds and investors > Club Factory has raised $200M across 2 rounds since 2018. Investors include IDG Capital, Qiming Venture Partners and ZhenFund. Every round with its source. Source: https://millionrounds.com/company/club-factory (Millionrounds; every figure on the page links to its filing or article) China · [Series D startup](https://millionrounds.com/companies) # Who invested in *Club Factory* 2 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 **$200M** raised across 2 rounds since 2018, from 2 sources **$100M** Series C **$100M** Series D - **Latest round:** Series D, $100M Oct 2019 - **Led by:** Qiming Venture Partners - **Investors:** 9 (1 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. 2019 **$100M** Series C **$100M** Series D - **First round:** Series C, $100M - **Biggest round:** $100M - **Between rounds:** 20 months ## The rounds - **Oct 2019** Series D **$100M** *5 new* *1 returning* [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) Lead [IDG Capital](https://millionrounds.com/fund/idg-capital) [ZhenFund](https://millionrounds.com/fund/zhenfund) [FreeS Fund](https://millionrounds.com/fund/frees-fund) [BAI Capital](https://millionrounds.com/fund/bai-capital-2) [Bertelsmann](https://millionrounds.com/fund/bertelsmann) Reported by TechCrunch - **Feb 2018** Series C **$100M** *4 new* [IDG Capital](https://millionrounds.com/fund/idg-capital) BAI/ Kunlun Frees Zhen Reported by AVCJ ## 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 C** 2018 **Series D** 2019 [IDG Capital](https://millionrounds.com/fund/idg-capital) [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) L [ZhenFund](https://millionrounds.com/fund/zhenfund) [FreeS Fund](https://millionrounds.com/fund/frees-fund) [BAI Capital](https://millionrounds.com/fund/bai-capital-2) [Bertelsmann](https://millionrounds.com/fund/bertelsmann) BAI/ Kunlun Frees Zhen ## Everyone who backed them [IDG Capital](https://millionrounds.com/fund/idg-capital) Private equity **2** rounds [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) VC firm **1** round, led 1 [ZhenFund](https://millionrounds.com/fund/zhenfund) VC firm **1** round [FreeS Fund](https://millionrounds.com/fund/frees-fund) VC firm **1** round [BAI Capital](https://millionrounds.com/fund/bai-capital-2) Investment firm **1** round [Bertelsmann](https://millionrounds.com/fund/bertelsmann) Corporate VC **1** round BAI/ Kunlun no record of our own yet **1** round Frees no record of our own yet **1** round Zhen 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=club-factory). ## Quick answers about Club Factory ### Who invested in Club Factory? Club Factory's investors include IDG Capital, Qiming Venture Partners, ZhenFund, FreeS Fund and BAI Capital, and 4 more on record. Qiming Venture Partners led its latest round. ### How much has Club Factory raised? Club Factory has raised $200M across 2 rounds since 2018. ### When did Club Factory last raise? Club Factory's most recent round was a Series D of $100M in Oct 2019, led by Qiming Venture Partners. ### What was Club Factory's biggest round? Its most recent round, $100M in Oct 2019, is also its largest on record. ### Who backed Club Factory first? Club Factory's first round on record, in Feb 2018, was backed by IDG Capital, BAI/ Kunlun and Frees and 1 others. ### What stage is Club Factory at? Club Factory's latest named round is a Series D, in Oct 2019. ### Where is Club Factory based? Club Factory is based in China. ### Who led Club Factory's rounds? Qiming Venture Partners led the Series D in 2019. ## Companies like Club Factory 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) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app