# iSpace China funding: rounds and investors

> iSpace China has raised $742M across 2 rounds since 2019. Investors include HSG, Matrix Partners China and Shunwei Capital. Every round with its source.

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

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

# Who invested in *iSpace China*

2 rounds we have observed, with the 6 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.

Aerospace & Space

Raised 9 months ago

Funding summary Updated 26 Oct 2026

**$742M** raised across 2 rounds since 2019, from 2 sources

**$15M** Series A **$728M** Series D

- **Latest round:** Series D, $728M Feb 2026
- **Step-up i:** 49.8×
- **Investors:** 6

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 2021 2022 2023 2024 2025 2026

**$15M** Series A

**$728M** Series D

- **First round:** Series A, $15M
- **Biggest round:** $728M
- **Between rounds:** 7.1 years

## The rounds

- **Feb 2026** Series D **$728M** *4 new* [HSG](https://millionrounds.com/fund/hsg) [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) [CDH Investments](https://millionrounds.com/fund/cdh-investments) Source recorded
- **Jan 2019** Series A **$15M** *2 new* CDH Investments/ Matrix Galaxy Holding 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** 2019 **Series D** 2026 [HSG](https://millionrounds.com/fund/hsg) [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) [CDH Investments](https://millionrounds.com/fund/cdh-investments) CDH Investments/ Matrix Galaxy Holding

## Everyone who backed them

[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

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

[CDH Investments](https://millionrounds.com/fund/cdh-investments) Private equity **1** round

CDH Investments/ Matrix no record of our own yet **1** round

Galaxy Holding 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=ispace-china).

## Quick answers about iSpace China

### Who invested in iSpace China?

iSpace China's investors include HSG, Matrix Partners China, Shunwei Capital, CDH Investments and CDH Investments/ Matrix, and 1 more on record.

### How much has iSpace China raised?

iSpace China has raised $742M across 2 rounds since 2019.

### When did iSpace China last raise?

iSpace China's most recent round was a Series D of $728M in Feb 2026.

### What was iSpace China's biggest round?

Its most recent round, $728M in Feb 2026, is also its largest on record.

### Who backed iSpace China first?

iSpace China's first round on record, in Jan 2019, was backed by CDH Investments/ Matrix and Galaxy Holding.

### What stage is iSpace China at?

iSpace China's latest named round is a Series D, in Feb 2026.

### Where is iSpace China based?

iSpace China is based in China.

## Companies like iSpace China

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

[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**Roboze** $10M · Oct 2026](https://millionrounds.com/company/roboze)[**Apex** $1.1B · Oct 2026](https://millionrounds.com/company/apex)[**Xona** $512M · Oct 2026](https://millionrounds.com/company/xona)[**Skyroot Aerospace** $300M · Oct 2026](https://millionrounds.com/company/skyroot-aerospace)[**Jeevy Fabrication** Oct 2026](https://millionrounds.com/company/jeevy-fabrication)

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