# Master Bao funding: rounds and investors

> Master Bao has raised $14M across 1 round since 2019. Investors include Meridian Capital Asia and Qingsong Fund. Every round with its source.

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

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

# Who invested in *Master Bao*

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.

E-commerce

Funding summary Updated 26 Oct 2026

**$14M** raised across 1 round since 2019, from 1 source

- **Latest round:** Series A, $14M Oct 2019
- **Investors:** 2

See who backed them

## The rounds

- **Oct 2019** Series A **$14M** [Meridian Capital Asia](https://millionrounds.com/fund/meridian-capital-asia) [Qingsong Fund](https://millionrounds.com/fund/qingsong-fund) Source recorded

## Everyone who backed them

[Meridian Capital Asia](https://millionrounds.com/fund/meridian-capital-asia) VC firm **1** round

[Qingsong Fund](https://millionrounds.com/fund/qingsong-fund) VC firm **1** round

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

## Quick answers about Master Bao

### Who invested in Master Bao?

Master Bao's investors include Meridian Capital Asia and Qingsong Fund.

### How much has Master Bao raised?

Master Bao has raised $14M across 1 round since 2019.

### When did Master Bao last raise?

Master Bao's most recent round was a Series A of $14M in Oct 2019.

### What was Master Bao's biggest round?

Its most recent round, $14M in Oct 2019, is also its largest on record.

### Who backed Master Bao first?

Master Bao's first round on record, in Oct 2019, was backed by Meridian Capital Asia and Qingsong Fund.

### What stage is Master Bao at?

Master Bao's latest named round is a Series A, in Oct 2019.

## Companies like Master Bao

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

[**Tru** $7.8M · Sept 2026](https://millionrounds.com/company/tru)[**Neato** $25M · May 2026](https://millionrounds.com/company/neato)[**RXC** $4.8M · Jan 2026](https://millionrounds.com/company/rxc)[**Flora Lounge** Jan 2026](https://millionrounds.com/company/flora-lounge)[**Lorazzo** $546K · Jan 2026](https://millionrounds.com/company/lorazzo)[**Secret Alchemist** $2.5M · Jan 2026](https://millionrounds.com/company/secret-alchemist)

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