# Ether Treasury Trust funding: rounds and investors

> Ether Treasury Trust has raised $1.0B across 1 round since 2025. Investors include Avenir Capital, Cai Wensheng (founder of Meitu Inc.) and HongShan Capital...

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

[Funded startup](https://millionrounds.com/companies)

# Who invested in *Ether Treasury Trust*

One round we have observed, with the 5 investors named in it. 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

Raised 12 months ago

Funding summary Updated 26 Oct 2026

**$1.0B** raised across 1 round since 2025, from 1 source

- **Latest round:** Round, $1.0B Oct 2025
- **Investors:** 5

See who backed them

## The rounds

- **Oct 2025** Round **$1.0B** [Avenir Capital](https://millionrounds.com/fund/avenir-capital) [Cai Wensheng (founder of Meitu Inc.)](https://millionrounds.com/fund/cai-wensheng-founder-of-meitu-inc) [HongShan Capital Group (formerly Sequoia China)](https://millionrounds.com/fund/hongshan-capital-group-formerly-sequoia-china) [Shen Bo (co-founder of Fenbushi Capital)](https://millionrounds.com/fund/shen-bo-co-founder-of-fenbushi-capital) [Xiao Feng (chairman and CEO of HashKey Group)](https://millionrounds.com/fund/xiao-feng-chairman-and-ceo-of-hashkey-group) Reported by Ventureburn

## Everyone who backed them

[Avenir Capital](https://millionrounds.com/fund/avenir-capital) Growth equity **1** round

[Cai Wensheng (founder of Meitu Inc.)](https://millionrounds.com/fund/cai-wensheng-founder-of-meitu-inc) Investment firm **1** round

[HongShan Capital Group (formerly Sequoia China)](https://millionrounds.com/fund/hongshan-capital-group-formerly-sequoia-china) Investment firm **1** round

[Shen Bo (co-founder of Fenbushi Capital)](https://millionrounds.com/fund/shen-bo-co-founder-of-fenbushi-capital) Investment firm **1** round

[Xiao Feng (chairman and CEO of HashKey Group)](https://millionrounds.com/fund/xiao-feng-chairman-and-ceo-of-hashkey-group) Investment firm **1** round

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

## Quick answers about Ether Treasury Trust

### Who invested in Ether Treasury Trust?

Ether Treasury Trust's investors include Avenir Capital, Cai Wensheng (founder of Meitu Inc.), HongShan Capital Group (formerly Sequoia China), Shen Bo (co-founder of Fenbushi Capital) and Xiao Feng (chairman and CEO of HashKey Group).

### How much has Ether Treasury Trust raised?

Ether Treasury Trust has raised $1.0B across 1 round since 2025.

### When did Ether Treasury Trust last raise?

Ether Treasury Trust's most recent round was an Undisclosed round of $1.0B in Oct 2025.

### What was Ether Treasury Trust's biggest round?

Its most recent round, $1.0B in Oct 2025, is also its largest on record.

### Who backed Ether Treasury Trust first?

Ether Treasury Trust's first round on record, in Oct 2025, was backed by Avenir Capital, Cai Wensheng (founder of Meitu Inc.) and HongShan Capital Group (formerly Sequoia China) and 2 others.

### What stage is Ether Treasury Trust at?

Ether Treasury Trust's latest named round is an Undisclosed round, in Oct 2025.

## Companies like Ether Treasury Trust

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

[**OpenFX** $94M · Mar 2026](https://millionrounds.com/company/openfx)[**VeryAI** $10M · Mar 2026](https://millionrounds.com/company/veryai)[**OP_NET** $5.0M · Mar 2026](https://millionrounds.com/company/op-net)[**Utexo** $7.5M · Mar 2026](https://millionrounds.com/company/utexo)[**Stacks** $23M · Feb 2026](https://millionrounds.com/company/stacks)[**Kresus Labs** $13M · Feb 2026](https://millionrounds.com/company/kresus-labs)

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