# CStone funding: rounds and investors

> CStone has raised $410M across 2 rounds since 2016. Investors include Boyu Capital, Hill House Capital and Arch. Every round with its source.

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

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

# Who invested in *CStone*

2 rounds we have observed, with the 15 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.

Biotech Healthcare

Funding summary Updated 26 Oct 2026

**$410M** raised across 2 rounds since 2016, from 2 sources

**$150M** Series A **$260M** Series B

- **Latest round:** Series B, $260M May 2018
- **Step-up i:** 1.7×
- **Investors:** 15

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.

2017 2018

**$150M** Series A

**$260M** Series B

- **First round:** Series A, $150M
- **Biggest round:** $260M
- **Between rounds:** 22 months

## The rounds

- **May 2018** Series B **$260M** *13 new* *1 returning* [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) [Arch](https://millionrounds.com/fund/arch) [Boyu Capital](https://millionrounds.com/fund/boyu-capital) [YunFeng Capital](https://millionrounds.com/fund/yunfeng-capital) [6 Dimensions Capital](https://millionrounds.com/fund/6-dimensions-capital) [3W Capital](https://millionrounds.com/fund/3w-capital) [Wuxi Capital](https://millionrounds.com/fund/wuxi-capital) [King Star](https://millionrounds.com/fund/king-star) [AVICT](https://millionrounds.com/fund/avict) CITIC PE GIC Private Limited/ Sequoia Oriza Seed Taikang Insurance Terra Mafnum Reported by FinSMEs
- **Jul 2016** Series A **$150M** *2 new* [Boyu Capital](https://millionrounds.com/fund/boyu-capital) Oriza Seed Venture 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** 2016 **Series B** 2018 [Boyu Capital](https://millionrounds.com/fund/boyu-capital) [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) [Arch](https://millionrounds.com/fund/arch) [YunFeng Capital](https://millionrounds.com/fund/yunfeng-capital) [6 Dimensions Capital](https://millionrounds.com/fund/6-dimensions-capital) [3W Capital](https://millionrounds.com/fund/3w-capital) [Wuxi Capital](https://millionrounds.com/fund/wuxi-capital) [King Star](https://millionrounds.com/fund/king-star) [AVICT](https://millionrounds.com/fund/avict) CITIC PE

## Everyone who backed them

[Boyu Capital](https://millionrounds.com/fund/boyu-capital) Private equity **2** rounds

[Hill House Capital](https://millionrounds.com/fund/hill-house-capital) Family office **1** round

[Arch](https://millionrounds.com/fund/arch) Hedge fund **1** round

[YunFeng Capital](https://millionrounds.com/fund/yunfeng-capital) Private equity **1** round

[6 Dimensions Capital](https://millionrounds.com/fund/6-dimensions-capital) VC firm **1** round

[3W Capital](https://millionrounds.com/fund/3w-capital) Growth equity **1** round

[Wuxi Capital](https://millionrounds.com/fund/wuxi-capital) Private equity **1** round

[King Star](https://millionrounds.com/fund/king-star) Growth equity **1** round

[AVICT](https://millionrounds.com/fund/avict) Investment firm **1** round

CITIC PE no record of our own yet **1** round

GIC Private Limited/ Sequoia no record of our own yet **1** round

Oriza Seed no record of our own yet **1** round

Oriza Seed Venture Capital no record of our own yet **1** round

Taikang Insurance no record of our own yet **1** round

Terra Mafnum 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=cstone).

## Quick answers about CStone

### Who invested in CStone?

CStone's investors include Boyu Capital, Hill House Capital, Arch, YunFeng Capital and 6 Dimensions Capital, and 10 more on record.

### How much has CStone raised?

CStone has raised $410M across 2 rounds since 2016.

### When did CStone last raise?

CStone's most recent round was a Series B of $260M in May 2018.

### What was CStone's biggest round?

Its most recent round, $260M in May 2018, is also its largest on record.

### Who backed CStone first?

CStone's first round on record, in Jul 2016, was backed by Boyu Capital and Oriza Seed Venture Capital.

### What stage is CStone at?

CStone's latest named round is a Series B, in May 2018.

### Where is CStone based?

CStone is based in China.

## Companies like CStone

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

[**Nutshell Therapeutics** $40M · Sept 2026](https://millionrounds.com/company/nutshell-therapeutics)[**RNAimmune** $4.5M · Aug 2026](https://millionrounds.com/company/rnaimmune)[**Gestala** $22M · Mar 2026](https://millionrounds.com/company/gestala)[**Adlai Nortye** $190M · Feb 2026](https://millionrounds.com/company/adlai-nortye)[**HitGen** $39M · Nov 2025](https://millionrounds.com/company/hitgen)[**Adagene** $83M · Jul 2025](https://millionrounds.com/company/adagene)

## Find investors like these

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