# Cobo funding: rounds and investors

> Cobo has raised $53M across 2 rounds since 2018. Investors include DHVC, DST Global and FreeS Fund. Every round with its source.

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

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

# Who invested in *Cobo*

2 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.

Web3 & Crypto

Funding summary Updated 26 Oct 2026

**$53M** raised across 2 rounds since 2018, from 2 sources

**$13M** Series A **$40M** Series B

- **Latest round:** Series B, $40M Sept 2021
- **Step-up i:** 3.1×
- **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.

2019 2020 2021

**$13M** Series A

**$40M** Series B

- **First round:** Series A, $13M
- **Biggest round:** $40M
- **Between rounds:** 2.8 years

## The rounds

- **Sept 2021** Series B **$40M** *2 new* *1 returning* [DST Global](https://millionrounds.com/fund/dst-global) [FreeS Fund](https://millionrounds.com/fund/frees-fund) [DHVC](https://millionrounds.com/fund/dhvc) Source recorded
- **Oct 2018** Series A **$13M** *2 new* [DHVC](https://millionrounds.com/fund/dhvc) [Wu Capital](https://millionrounds.com/fund/wu-capital) Reported by FinSMEs

## 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** 2018 **Series B** 2021 [DHVC](https://millionrounds.com/fund/dhvc) [DST Global](https://millionrounds.com/fund/dst-global) [FreeS Fund](https://millionrounds.com/fund/frees-fund) [Wu Capital](https://millionrounds.com/fund/wu-capital)

## Everyone who backed them

[DHVC](https://millionrounds.com/fund/dhvc) VC firm **2** rounds

[DST Global](https://millionrounds.com/fund/dst-global) Private equity **1** round

[FreeS Fund](https://millionrounds.com/fund/frees-fund) VC firm **1** round

[Wu Capital](https://millionrounds.com/fund/wu-capital) Family office **1** round

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

## Quick answers about Cobo

### Who invested in Cobo?

Cobo's investors include DHVC, DST Global, FreeS Fund and Wu Capital.

### How much has Cobo raised?

Cobo has raised $53M across 2 rounds since 2018.

### When did Cobo last raise?

Cobo's most recent round was a Series B of $40M in Sept 2021.

### What was Cobo's biggest round?

Its most recent round, $40M in Sept 2021, is also its largest on record.

### Who backed Cobo first?

Cobo's first round on record, in Oct 2018, was backed by DHVC and Wu Capital.

### What stage is Cobo at?

Cobo's latest named round is a Series B, in Sept 2021.

### Where is Cobo based?

Cobo is based in China.

## Companies like Cobo

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

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Peso** Oct 2026](https://millionrounds.com/company/peso)[**EFY Finance** Oct 2026](https://millionrounds.com/company/efy-finance)[**Arda** $233M · Oct 2026](https://millionrounds.com/company/arda)[**Binance.US** $300M · Oct 2026](https://millionrounds.com/company/binance-us)

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