# DeepSeek funding: rounds and investors > DeepSeek has raised $24B across 4 rounds since 2026. Investors include Tengxun Touzi, CATL and IDG Capital. Every round with its source. Source: https://millionrounds.com/company/deepseek (Millionrounds; every figure on the page links to its filing or article) China · [Series B startup](https://millionrounds.com/companies) # 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. AI Generative AI Raised 1 month ago Follow DeepSeek and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fdeepseek) Funding summary Updated 5 Nov 2026 **$24B** raised across 4 rounds since 2026, from 41 sources **$300M** Round **$7.4B** Round **$1.5B** Round **$15B** Series B - **Latest round:** Series B, $15B Oct 2026 - **Step-up i:** 10× - **Investors:** 42 (3 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. 2027 **$300M** Round **$7.4B** Round **$1.5B** Round **$15B** Series B - **First round:** Round, $300M - **Biggest round:** $15B - **Usual gap between rounds:** 3 months ## The rounds - **Oct 2026** Series B **$15B** *30 new* *7 returning* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [IDG Capital](https://millionrounds.com/fund/idg-capital) [Lux Capital](https://millionrounds.com/fund/lux-capital) [Legend Capital](https://millionrounds.com/fund/legend-capital) [CICC](https://millionrounds.com/fund/cicc) [NetEase](https://millionrounds.com/fund/netease) [Boyu Capital](https://millionrounds.com/fund/boyu-capital) [Ctrip](https://millionrounds.com/fund/ctrip) [Loyal Valley Capital](https://millionrounds.com/fund/loyal-valley-capital) [Meituan](https://millionrounds.com/fund/meituan) [CPE](https://millionrounds.com/fund/cpe-2) [China Mobile](https://millionrounds.com/fund/china-mobile) [CATL](https://millionrounds.com/fund/catl) [CITIC Securities](https://millionrounds.com/fund/citic-securities) [China's National Artificial Intelligence Industry Investment Fund](https://millionrounds.com/fund/china-s-national-artificial-intelligence-industry-investment) [Zhejiang Geely Holding Group](https://millionrounds.com/fund/zhejiang-geely-holding-group) [Monolith Management](https://millionrounds.com/fund/monolith-management) [National AI Industry Investment Fund](https://millionrounds.com/fund/national-ai-industry-investment-fund) [SMIC](https://millionrounds.com/fund/smic) [CPE Asset Management](https://millionrounds.com/fund/cpe-asset-management) [ChangXin Memory Technologies](https://millionrounds.com/fund/changxin-memory-technologies) [China Fortune-Tech Capital](https://millionrounds.com/fund/china-fortune-tech-capital) [China Life](https://millionrounds.com/fund/china-life) [China Telecom](https://millionrounds.com/fund/china-telecom) [Contemporary Amperex Technology](https://millionrounds.com/fund/contemporary-amperex-technology) [Geely Automobile](https://millionrounds.com/fund/geely-automobile) [GigaDevice](https://millionrounds.com/fund/gigadevice) [Luxshare](https://millionrounds.com/fund/luxshare) [Luxshare Precision](https://millionrounds.com/fund/luxshare-precision) [Midea](https://millionrounds.com/fund/midea) [Shixiang](https://millionrounds.com/fund/shixiang) [Silicon 100](https://millionrounds.com/fund/silicon-100) [Stony Creek Capital](https://millionrounds.com/fund/stony-creek-capital) [trip.com](https://millionrounds.com/fund/trip-com) [Xiaohongshu](https://millionrounds.com/fund/xiaohongshu) [Zeng Yuqun](https://millionrounds.com/fund/zeng-yuqun) [Vivo](https://millionrounds.com/fund/vivo) Reported by Google News search and 33 others - **Jul 2026** Round **$1.5B** *1 new* *1 returning* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [Beijing's National Artificial Intelligence Industry Investment Fund](https://millionrounds.com/fund/beijing-s-national-artificial-intelligence-industry-investme) Reported by TechCrunch - **May 2026** Round **$7.4B** *11 new* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) Lead [CATL](https://millionrounds.com/fund/catl) Lead [Big Fund](https://millionrounds.com/fund/big-fund) Lead [IDG Capital](https://millionrounds.com/fund/idg-capital) [NetEase](https://millionrounds.com/fund/netease) [jd.com](https://millionrounds.com/fund/jd-com) [China's National Artificial Intelligence Industry Investment Fund](https://millionrounds.com/fund/china-s-national-artificial-intelligence-industry-investment) [Monolith Management](https://millionrounds.com/fund/monolith-management) [National AI Industry Investment Fund](https://millionrounds.com/fund/national-ai-industry-investment-fund) [Liang Wenfeng](https://millionrounds.com/fund/liang-wenfeng) [National AI Fund](https://millionrounds.com/fund/national-ai-fund) Reported by TechNode and 4 others - **Apr 2026** Round **$300M** No investor was named in the report. Reported by TechStartups ## 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** 2026 **Round** 2026 **Round** 2026 **Series B** 2026 [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) L [CATL](https://millionrounds.com/fund/catl) L [IDG Capital](https://millionrounds.com/fund/idg-capital) [NetEase](https://millionrounds.com/fund/netease) [China's National Artificial Intelligence Industry Investment Fund](https://millionrounds.com/fund/china-s-national-artificial-intelligence-industry-investment) [Monolith Management](https://millionrounds.com/fund/monolith-management) [National AI Industry Investment Fund](https://millionrounds.com/fund/national-ai-industry-investment-fund) [Big Fund](https://millionrounds.com/fund/big-fund) L [Lux Capital](https://millionrounds.com/fund/lux-capital) [Legend Capital](https://millionrounds.com/fund/legend-capital) ## Everyone who backed them [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) VC firm **3** rounds, led 1 [CATL](https://millionrounds.com/fund/catl) Investment firm **2** rounds, led 1 [IDG Capital](https://millionrounds.com/fund/idg-capital) Private equity **2** rounds [NetEase](https://millionrounds.com/fund/netease) Corporate VC **2** rounds [China's National Artificial Intelligence Industry Investment Fund](https://millionrounds.com/fund/china-s-national-artificial-intelligence-industry-investment) Growth equity **2** rounds [Monolith Management](https://millionrounds.com/fund/monolith-management) Growth equity **2** rounds [National AI Industry Investment Fund](https://millionrounds.com/fund/national-ai-industry-investment-fund) Growth equity **2** rounds [Big Fund](https://millionrounds.com/fund/big-fund) Investment firm **1** round, led 1 [Lux Capital](https://millionrounds.com/fund/lux-capital) VC firm **1** round [Legend Capital](https://millionrounds.com/fund/legend-capital) VC firm **1** round [CICC](https://millionrounds.com/fund/cicc) Investment bank **1** round [jd.com](https://millionrounds.com/fund/jd-com) Growth equity **1** round [Boyu Capital](https://millionrounds.com/fund/boyu-capital) Private equity **1** round [Ctrip](https://millionrounds.com/fund/ctrip) Growth equity **1** round [Loyal Valley Capital](https://millionrounds.com/fund/loyal-valley-capital) Private equity **1** round [Meituan](https://millionrounds.com/fund/meituan) Corporate VC **1** round [China Mobile](https://millionrounds.com/fund/china-mobile) Investment firm **1** round [CPE](https://millionrounds.com/fund/cpe-2) Growth equity **1** round [CITIC Securities](https://millionrounds.com/fund/citic-securities) Investment bank **1** round [Zhejiang Geely Holding Group](https://millionrounds.com/fund/zhejiang-geely-holding-group) Corporate VC **1** round [SMIC](https://millionrounds.com/fund/smic) Growth equity **1** round [Beijing's National Artificial Intelligence Industry Investment Fund](https://millionrounds.com/fund/beijing-s-national-artificial-intelligence-industry-investme) Investment firm **1** round [ChangXin Memory Technologies](https://millionrounds.com/fund/changxin-memory-technologies) Growth equity **1** round [China Fortune-Tech Capital](https://millionrounds.com/fund/china-fortune-tech-capital) VC firm **1** round [China Life](https://millionrounds.com/fund/china-life) Growth equity **1** round [China Telecom](https://millionrounds.com/fund/china-telecom) Corporate VC **1** round [Contemporary Amperex Technology](https://millionrounds.com/fund/contemporary-amperex-technology) Startup **1** round [CPE Asset Management](https://millionrounds.com/fund/cpe-asset-management) Growth equity **1** round [Geely Automobile](https://millionrounds.com/fund/geely-automobile) Growth equity **1** round [GigaDevice](https://millionrounds.com/fund/gigadevice) Growth equity **1** round [Liang Wenfeng](https://millionrounds.com/fund/liang-wenfeng) Angel **1** round [Luxshare](https://millionrounds.com/fund/luxshare) Growth equity **1** round [Luxshare Precision](https://millionrounds.com/fund/luxshare-precision) Growth equity **1** round [Midea](https://millionrounds.com/fund/midea) Growth equity **1** round [National AI Fund](https://millionrounds.com/fund/national-ai-fund) Investment firm **1** round [Shixiang](https://millionrounds.com/fund/shixiang) Growth equity **1** round [Silicon 100](https://millionrounds.com/fund/silicon-100) Growth equity **1** round [Stony Creek Capital](https://millionrounds.com/fund/stony-creek-capital) Growth equity **1** round [trip.com](https://millionrounds.com/fund/trip-com) Corporate VC **1** round [Vivo](https://millionrounds.com/fund/vivo) Growth equity **1** round [Xiaohongshu](https://millionrounds.com/fund/xiaohongshu) Growth equity **1** round [Zeng Yuqun](https://millionrounds.com/fund/zeng-yuqun) Growth equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=deepseek). ## Quick answers about DeepSeek ### 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. ### 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. ## Companies like DeepSeek In the same sector, and raised in the last eighteen months. [**Nanochap** $119M · Nov 2026](https://millionrounds.com/company/nanochap)[**Moffett AI** $150M · Nov 2026](https://millionrounds.com/company/moffett-ai)[**GenRobot AI** $100M · Nov 2026](https://millionrounds.com/company/genrobot-ai)[**01.AI** Oct 2026](https://millionrounds.com/company/01-ai)[**Approaching.AI** $193M · Oct 2026](https://millionrounds.com/company/approaching-ai)[**BioGeometry** $100M · Oct 2026](https://millionrounds.com/company/biogeometry) ## 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