# Maimai funding: rounds and investors

> Maimai has raised $295M across 3 rounds since 2014. Investors include Morningside Group, IDG Capital and DCM Ventures. Every round with its source.

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

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

# Who invested in *Maimai*

3 rounds we have observed, with the 10 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.

Internet

Valuation: $1.0B, Mar 2026

Funding summary Updated 26 Oct 2026

**$295M** raised across 3 rounds since 2014, from 3 sources

**$20M** Series B **$75M** Series C **$200M** Series D

- **Latest round:** Series D, $200M Aug 2018
- **Step-up i:** 2.7×
- **Investors:** 10

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.

2015 2016 2017 2018

**$20M** Series B

**$75M** Series C

**$200M** Series D

- **First round:** Series B, $20M
- **Biggest round:** $200M
- **Usual gap between rounds:** 3.3 years

## The rounds

- **Aug 2018** Series D **$200M** *6 new* *1 returning* [IDG Capital](https://millionrounds.com/fund/idg-capital) [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) [Morningside Group](https://millionrounds.com/fund/morningside) [DST Global](https://millionrounds.com/fund/dst-global) [M Ventures](https://millionrounds.com/fund/m-ventures) [5Y Capital](https://millionrounds.com/fund/5y-capital) DST/ IDG Reported by FinSMEs
- **Nov 2017** Series C **$75M** *2 new* *1 returning* [Morningside Group](https://millionrounds.com/fund/morningside) DCM/ IDG Zhaopin Reported by China Money Network
- **Aug 2014** Series B **$20M** *2 new* [IDG Ventures](https://millionrounds.com/fund/idg-ventures) [Morningside Group](https://millionrounds.com/fund/morningside) From a historical funding record

## 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 B** 2014 **Series C** 2017 **Series D** 2018 [Morningside Group](https://millionrounds.com/fund/morningside) [IDG Capital](https://millionrounds.com/fund/idg-capital) [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) [IDG Ventures](https://millionrounds.com/fund/idg-ventures) [DST Global](https://millionrounds.com/fund/dst-global) [M Ventures](https://millionrounds.com/fund/m-ventures) [5Y Capital](https://millionrounds.com/fund/5y-capital) DCM/ IDG DST/ IDG Zhaopin

## Everyone who backed them

[Morningside Group](https://millionrounds.com/fund/morningside) VC firm **3** rounds

[IDG Capital](https://millionrounds.com/fund/idg-capital) Private equity **1** round

[DCM Ventures](https://millionrounds.com/fund/dcm-ventures) Private equity **1** round

[IDG Ventures](https://millionrounds.com/fund/idg-ventures) VC firm **1** round

[DST Global](https://millionrounds.com/fund/dst-global) Private equity **1** round

[M Ventures](https://millionrounds.com/fund/m-ventures) Corporate VC **1** round

[5Y Capital](https://millionrounds.com/fund/5y-capital) VC firm **1** round

DCM/ IDG no record of our own yet **1** round

DST/ IDG no record of our own yet **1** round

Zhaopin 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=maimai).

## Quick answers about Maimai

### Who invested in Maimai?

Maimai's investors include Morningside Group, IDG Capital, DCM Ventures, IDG Ventures and DST Global, and 5 more on record.

### How much has Maimai raised?

Maimai has raised $295M across 3 rounds since 2014.

### When did Maimai last raise?

Maimai's most recent round was a Series D of $200M in Aug 2018.

### What was Maimai's biggest round?

Its most recent round, $200M in Aug 2018, is also its largest on record.

### Who backed Maimai first?

Maimai's first round on record, in Aug 2014, was backed by IDG Ventures and Morningside Group.

### What stage is Maimai at?

Maimai's latest named round is a Series D, in Aug 2018.

### Where is Maimai based?

Maimai is based in China.

## Companies like Maimai

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)[**Blackwall** $162M · Oct 2026](https://millionrounds.com/company/blackwall)[**Tolan** $30M · Oct 2026](https://millionrounds.com/company/tolan)[**Welltory** $4.0M · Oct 2026](https://millionrounds.com/company/welltory)[**Overtime** $33M · Oct 2026](https://millionrounds.com/company/overtime)

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