# Dtwave funding: rounds and investors

> Dtwave has raised $22M across 2 rounds since 2018. Investors include IDG Capital, Hongtai Capital Holdings and Yunfeng/ IDG. Every round with its source.

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

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

# Who invested in *Dtwave*

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.

Big Data & Analytics

Funding summary Updated 26 Oct 2026

**$22M** raised across 2 rounds since 2018, from 2 sources

- **Latest round:** Venture Nov 2020
- **Biggest round:** $22M Series A · Jun 2018
- **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

**$22M** Series A

**?** Venture

- **First round:** Series A, $22M
- **Biggest round:** $22M
- **Between rounds:** 2.3 years

## The rounds

- **Nov 2020** Venture **Amount undisclosed** *1 new* [IDG Capital](https://millionrounds.com/fund/idg-capital) Source recorded
- **Jun 2018** Series A **$22M** *3 new* [Hongtai Capital Holdings](https://millionrounds.com/fund/aplus-capital) Yunfeng/ IDG Zhejiang Zheshang Reported by China Money Network

## 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 **Venture** 2020 [IDG Capital](https://millionrounds.com/fund/idg-capital) [Hongtai Capital Holdings](https://millionrounds.com/fund/aplus-capital) Yunfeng/ IDG Zhejiang Zheshang

## Everyone who backed them

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

[Hongtai Capital Holdings](https://millionrounds.com/fund/aplus-capital) Private equity **1** round

Yunfeng/ IDG no record of our own yet **1** round

Zhejiang Zheshang 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=dtwave).

## Quick answers about Dtwave

### Who invested in Dtwave?

Dtwave's investors include IDG Capital, Hongtai Capital Holdings, Yunfeng/ IDG and Zhejiang Zheshang.

### How much has Dtwave raised?

Dtwave has raised $22M across 2 rounds since 2018. One round did not disclose an amount, so the total is a floor.

### When did Dtwave last raise?

Dtwave's most recent round was a Venture in Nov 2020.

### What was Dtwave's biggest round?

Dtwave's largest round on record is $22M (Series A), in Jun 2018.

### Who backed Dtwave first?

Dtwave's first round on record, in Jun 2018, was backed by Hongtai Capital Holdings, Yunfeng/ IDG and Zhejiang Zheshang.

### What stage is Dtwave at?

Dtwave's latest named round is a Venture, in Nov 2020.

### Where is Dtwave based?

Dtwave is based in China.

## Companies like Dtwave

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

[**ByteDance** $33B · Sept 2026](https://millionrounds.com/company/bytedance)[**DataCanvas** $15M · Dec 2025](https://millionrounds.com/company/datacanvas)[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Xona** $512M · Oct 2026](https://millionrounds.com/company/xona)[**Cognitive Credit** $64M · Oct 2026](https://millionrounds.com/company/cognitive-credit)

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