China · Who invested in DeepSeek?
DeepSeek's investors include Tengxun Touzi, CATL, IDG Capital, NetEase and China's National Artificial Intelligence Industry Investment Fund, and 37 more on record.
2027
$300MRound$7.4BRound$1.5BRound$15BSeries BChina · Series B startup
Who invested in DeepSeek
4 rounds we have observed, with the 42 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.
Raised 1 month ago
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Funding summaryUpdated 5 Nov 2026
$24Braised across 4 rounds since 2026, from 41 sources
$300MRound$7.4BRound$1.5BRound$15BSeries B
- Latest round
- Series B, $15BOct 2026
- Step-upi
- 10×
- Investors
- 42 (3 led)
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Round, $300M Apr 2026
- Biggest round
- $15B Series B · Oct 2026
- Usual gap between rounds
- 3 months the median of 2
The rounds
- Oct 2026Series B$15B30 new7 returning
Tengxun Touzi
IDG Capital
Lux Capital
Legend Capital
CICC
NetEase
Boyu Capital
Ctrip
Loyal Valley Capital
Meituan
CPE
China Mobile
CATL
CITIC Securities- China's National Artificial Intelligence Industry Investment Fund
Zhejiang Geely Holding Group
Monolith Management- National AI Industry Investment Fund
SMIC- CPE Asset Management
- ChangXin Memory Technologies
- China Fortune-Tech Capital
- China Life
China Telecom- Contemporary Amperex Technology
- Geely Automobile
GigaDevice- Luxshare
- Luxshare Precision
- Midea
- Shixiang
- Silicon 100
- Stony Creek Capital
trip.com- Xiaohongshu
- Zeng Yuqun
- Vivo
Reported by Google News search and 33 others
- Jul 2026Round$1.5B1 new1 returning
Reported by TechCrunch
- May 2026Round$7.4B11 new
- Tengxun TouziLead
- CATLLead
- Big FundLead
- IDG Capital
- NetEase
jd.com- China's National Artificial Intelligence Industry Investment Fund
- Monolith Management
- National AI Industry Investment Fund
- Liang Wenfeng
- National AI Fund
Reported by TechNode and 4 others
- Apr 2026
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.
Everyone who backed them
China's National Artificial Intelligence Industry Investment FundGrowth equity2rounds
National AI Industry Investment FundGrowth equity2rounds
Big FundInvestment firm1round, led 1
Beijing's National Artificial Intelligence Industry Investment FundInvestment firm1round
ChangXin Memory TechnologiesGrowth equity1round
China Fortune-Tech CapitalVC firm1round
China LifeGrowth equity1round
Contemporary Amperex TechnologyStartup1round
CPE Asset ManagementGrowth equity1round
Geely AutomobileGrowth equity1round
Liang WenfengAngel1round
LuxshareGrowth equity1round
Luxshare PrecisionGrowth equity1round
MideaGrowth equity1round
National AI FundInvestment firm1round
ShixiangGrowth equity1round
Silicon 100Growth equity1round
Stony Creek CapitalGrowth equity1round
VivoGrowth equity1round
XiaohongshuGrowth equity1round
Zeng YuqunGrowth equity1round
Missing a round, or an investor who was in one? Tell us.
Quick answers about DeepSeek
How much has DeepSeek raised?
DeepSeek has raised $24B across 4 rounds since 2026.
When did DeepSeek last raise?
DeepSeek's most recent round was a Series B of $15B in Oct 2026.
What was DeepSeek's biggest round?
Its most recent round, $15B in Oct 2026, is also its largest on record.
Who backed DeepSeek first?
DeepSeek's first round on record, in May 2026, was backed by Tengxun Touzi, CATL and Big Fund and 8 others.
What stage is DeepSeek at?
DeepSeek's latest named round is a Series B, in Oct 2026.
Where is DeepSeek based?
DeepSeek is based in China.
Who led DeepSeek's rounds?
Tengxun Touzi led the Undisclosed round in 2026.
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