# Huangbaoche funding: rounds and investors > Huangbaoche has raised $127M across 3 rounds since 2018. Investors include Shenzhen Capital Group Co., HSG and Matrix Partners China. Source: https://millionrounds.com/company/huangbaoche (Millionrounds; every figure on the page links to its filing or article) China · [Venture startup](https://millionrounds.com/companies) # Who invested in *Huangbaoche* 3 rounds we have observed, with the 7 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. Consumer Services Internet Funding summary Updated 26 Oct 2026 **$127M** raised across 3 rounds since 2018, from 3 sources **$50M** Series C **$50M** Round **$27M** Venture - **Latest round:** Venture, $27M Sept 2023 - **Biggest round:** $50M Round · Jun 2019 - **Investors:** 7 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. 2018 2019 2020 2021 2022 2023 **$50M** Series C **$50M** Round **$27M** Venture - **First round:** Series C, $50M - **Biggest round:** $50M - **Usual gap between rounds:** 4.2 years ## The rounds - **Sept 2023** Venture **$27M** *4 new* *1 returning* [HSG](https://millionrounds.com/fund/hsg) [Shenzhen Capital Group Co.](https://millionrounds.com/fund/shenzhen-capital-group) [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) [Gobi Partners](https://millionrounds.com/fund/gobi-partners) [InnoVen Capital](https://millionrounds.com/fund/innoven-capital-india) Source recorded - **Jun 2019** Round **$50M** *1 new* [Shenzhen Capital Group Co.](https://millionrounds.com/fund/shenzhen-capital-group) Reported by Voice - **Mar 2018** Series C **$50M** *2 new* Hexie Aiqi Sequoia Capital China/ Matrix Reported by FinSMEs ## 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 C** 2018 **Round** 2019 **Venture** 2023 [Shenzhen Capital Group Co.](https://millionrounds.com/fund/shenzhen-capital-group) [HSG](https://millionrounds.com/fund/hsg) [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) [Gobi Partners](https://millionrounds.com/fund/gobi-partners) [InnoVen Capital](https://millionrounds.com/fund/innoven-capital-india) Hexie Aiqi Sequoia Capital China/ Matrix ## Everyone who backed them [Shenzhen Capital Group Co.](https://millionrounds.com/fund/shenzhen-capital-group) Government **2** rounds [HSG](https://millionrounds.com/fund/hsg) VC firm **1** round [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) VC firm **1** round [Gobi Partners](https://millionrounds.com/fund/gobi-partners) VC firm **1** round [InnoVen Capital](https://millionrounds.com/fund/innoven-capital-india) Venture debt **1** round Hexie Aiqi no record of our own yet **1** round Sequoia Capital China/ Matrix 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=huangbaoche). ## Quick answers about Huangbaoche ### Who invested in Huangbaoche? Huangbaoche's investors include Shenzhen Capital Group Co., HSG, Matrix Partners China, Gobi Partners and InnoVen Capital, and 2 more on record. ### How much has Huangbaoche raised? Huangbaoche has raised $127M across 3 rounds since 2018. ### When did Huangbaoche last raise? Huangbaoche's most recent round was a Venture of $27M in Sept 2023. ### What was Huangbaoche's biggest round? Huangbaoche's largest round on record is $50M (Undisclosed round), in Jun 2019. ### Who backed Huangbaoche first? Huangbaoche's first round on record, in Mar 2018, was backed by Hexie Aiqi and Sequoia Capital China/ Matrix. ### What stage is Huangbaoche at? Huangbaoche's latest named round is a Venture, in Sept 2023. ### Where is Huangbaoche based? Huangbaoche is based in China. ## Companies like Huangbaoche In the same sector, and raised in the last eighteen months. [**ByteDance** $33B · Sept 2026](https://millionrounds.com/company/bytedance)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**Rosie** $7.0M · Oct 2026](https://millionrounds.com/company/rosie)[**Blackwall** $162M · Oct 2026](https://millionrounds.com/company/blackwall)[**Tolan** $30M · Oct 2026](https://millionrounds.com/company/tolan)[**Chariot Claims** $23M · Oct 2026](https://millionrounds.com/company/chariot-claims) ## 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