# Hot & Hot funding: rounds and investors

> Hot & Hot has raised $22M across 1 round since 2018. Investors include Matrix Partners China and Gaorong Capital. Every round with its source.

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

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

# Who invested in *Hot & Hot*

One round we have observed, with the 2 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.

Food & Beverage

Funding summary Updated 26 Oct 2026

**$22M** raised across 1 round since 2018, from 1 source

- **Latest round:** Series B, $22M Jan 2018
- **Investors:** 2

See who backed them

## The rounds

- **Jan 2018** Series B **$22M** [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) [Gaorong Capital](https://millionrounds.com/fund/gaorong-capital) Source recorded

## Everyone who backed them

[Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) VC firm **1** round

[Gaorong Capital](https://millionrounds.com/fund/gaorong-capital) VC firm **1** round

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

## Quick answers about Hot & Hot

### Who invested in Hot & Hot?

Hot & Hot's investors include Matrix Partners China and Gaorong Capital.

### How much has Hot & Hot raised?

Hot & Hot has raised $22M across 1 round since 2018.

### When did Hot & Hot last raise?

Hot & Hot's most recent round was a Series B of $22M in Jan 2018.

### What was Hot & Hot's biggest round?

Its most recent round, $22M in Jan 2018, is also its largest on record.

### Who backed Hot & Hot first?

Hot & Hot's first round on record, in Jan 2018, was backed by Matrix Partners China and Gaorong Capital.

### What stage is Hot & Hot at?

Hot & Hot's latest named round is a Series B, in Jan 2018.

## Companies like Hot & Hot

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

[**Lola's Fine Hot Sauce** $600K · Sept 2026](https://millionrounds.com/company/lola-s-fine-hot-sauce)[**Afresh** $34M · Apr 2026](https://millionrounds.com/company/afresh)[**Habiza** $2.5M · Mar 2026](https://millionrounds.com/company/habiza)[**Boba Bhai** $4.3M · Mar 2026](https://millionrounds.com/company/boba-bhai)[**OneKiraana** $1.6M · Mar 2026](https://millionrounds.com/company/onekiraana)[**Jago Coffee** $13M · Feb 2026](https://millionrounds.com/company/jago-coffee)

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