# Light Theto funding: rounds and investors > Light Theto has raised $24M across 2 rounds since 2017. Investors include Shunwei Capital, ZhenFund and Baidu Ventures. Every round with its source. Source: https://millionrounds.com/company/light-theto (Millionrounds; every figure on the page links to its filing or article) China · [Series B startup](https://millionrounds.com/companies) # Who invested in *Light Theto* 2 rounds we have observed, with the 5 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. Manufacturing Funding summary Updated 26 Oct 2026 **$24M** raised across 2 rounds since 2017, from 3 sources **$10M** Series A **$14M** Series B - **Latest round:** Series B, $14M Jan 2019 - **Step-up i:** 1.4× - **Investors:** 5 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 **$10M** Series A **$14M** Series B - **First round:** Series A, $10M - **Biggest round:** $14M - **Between rounds:** 14 months ## The rounds - **Jan 2019** Series B **$14M** *3 new* *1 returning* [ZhenFund](https://millionrounds.com/fund/zhenfund) [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) [Baidu Ventures](https://millionrounds.com/fund/baidu-ventures) [Cathay Capital](https://millionrounds.com/fund/cathay-capital) Reported by China Money Network and 1 other - **Nov 2017** Series A **$10M** *2 new* [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) Baidu/ Zhen 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** 2017 **Series B** 2019 [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) [ZhenFund](https://millionrounds.com/fund/zhenfund) [Baidu Ventures](https://millionrounds.com/fund/baidu-ventures) [Cathay Capital](https://millionrounds.com/fund/cathay-capital) Baidu/ Zhen ## Everyone who backed them [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) VC firm **2** rounds [ZhenFund](https://millionrounds.com/fund/zhenfund) VC firm **1** round [Baidu Ventures](https://millionrounds.com/fund/baidu-ventures) VC firm **1** round [Cathay Capital](https://millionrounds.com/fund/cathay-capital) Private equity **1** round Baidu/ Zhen 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=light-theto). ## Quick answers about Light Theto ### Who invested in Light Theto? Light Theto's investors include Shunwei Capital, ZhenFund, Baidu Ventures, Cathay Capital and Baidu/ Zhen. ### How much has Light Theto raised? Light Theto has raised $24M across 2 rounds since 2017. ### When did Light Theto last raise? Light Theto's most recent round was a Series B of $14M in Jan 2019. ### What was Light Theto's biggest round? Its most recent round, $14M in Jan 2019, is also its largest on record. ### Who backed Light Theto first? Light Theto's first round on record, in Nov 2017, was backed by Shunwei Capital and Baidu/ Zhen. ### What stage is Light Theto at? Light Theto's latest named round is a Series B, in Jan 2019. ### Where is Light Theto based? Light Theto is based in China. ## Companies like Light Theto In the same sector, and raised in the last eighteen months. [**Snapmaker** $3.0M · Dec 2025](https://millionrounds.com/company/snapmaker)[**NIO** $1.6B · Sept 2025](https://millionrounds.com/company/nio)[**Xpeng Motors** $2.4B · Aug 2025](https://millionrounds.com/company/xpeng-motors)[**EngineAI** $139M · Jul 2025](https://millionrounds.com/company/engineai)[**Unitree Robotics** $1.7B · Jun 2025](https://millionrounds.com/company/unitree-robotics)[**Sigma Squares Tech** $16M · May 2025](https://millionrounds.com/company/sigma-squares-tech) ## 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