# MiniMax funding: rounds and investors > MiniMax has raised $1.2B across 2 rounds since 2025. Investors include Tengxun Touzi, IDG Capital and HSG. Every round with its source. Source: https://millionrounds.com/company/minimax (Millionrounds; every figure on the page links to its filing or article) Singapore · [Funded startup](https://millionrounds.com/companies) # Who invested in *MiniMax* 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. AI Raised 4 months ago Funding summary Updated 26 Oct 2026 **$1.2B** raised across 2 rounds since 2025, from 2 sources - **Latest round:** Round, $1.2B Jul 2026 - **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. 2026 **?** Venture **$1.2B** Round - **First round:** Venture - **Biggest round:** $1.2B - **Between rounds:** 7 months ## The rounds - **Jul 2026** Round **$1.2B** *4 returning* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [IDG Capital](https://millionrounds.com/fund/idg-capital) [HSG](https://millionrounds.com/fund/hsg) [Gaorong Capital](https://millionrounds.com/fund/gaorong-capital) Source recorded - **Dec 2025** Venture **Amount undisclosed** *5 new* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [IDG Capital](https://millionrounds.com/fund/idg-capital) [HSG](https://millionrounds.com/fund/hsg) [Gaorong Capital](https://millionrounds.com/fund/gaorong-capital) [Alibaba Group](https://millionrounds.com/fund/alibaba-group) Source recorded ## 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. **Venture** 2025 **Round** 2026 [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [IDG Capital](https://millionrounds.com/fund/idg-capital) [HSG](https://millionrounds.com/fund/hsg) [Gaorong Capital](https://millionrounds.com/fund/gaorong-capital) [Alibaba Group](https://millionrounds.com/fund/alibaba-group) ## Everyone who backed them [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) VC firm **2** rounds [IDG Capital](https://millionrounds.com/fund/idg-capital) Private equity **2** rounds [HSG](https://millionrounds.com/fund/hsg) VC firm **2** rounds [Gaorong Capital](https://millionrounds.com/fund/gaorong-capital) VC firm **2** rounds [Alibaba Group](https://millionrounds.com/fund/alibaba-group) Corporate VC **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=minimax). ## Also claim to have backed them This firm lists MiniMax as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above. [Unicorn Capital Partners %e7%8d%a8%e7%a7%80%e8%b3%87%e6%9c%ac](https://millionrounds.com/fund/unicorn-capital-partners) Fund of funds Per its own site ## Quick answers about MiniMax ### Who invested in MiniMax? MiniMax's investors include Tengxun Touzi, IDG Capital, HSG, Gaorong Capital and Alibaba Group. ### How much has MiniMax raised? MiniMax has raised $1.2B across 2 rounds since 2025. One round did not disclose an amount, so the total is a floor. ### When did MiniMax last raise? MiniMax's most recent round was an Undisclosed round of $1.2B in Jul 2026. ### What was MiniMax's biggest round? Its most recent round, $1.2B in Jul 2026, is also its largest on record. ### Who backed MiniMax first? MiniMax's first round on record, in Dec 2025, was backed by Tengxun Touzi, IDG Capital and HSG and 2 others. ### What stage is MiniMax at? MiniMax's latest named round is an Undisclosed round, in Jul 2026. ### Where is MiniMax based? MiniMax is based in Singapore. ## Companies like MiniMax In the same sector, and raised in the last eighteen months. [**Ailytics** $7.4M · Oct 2026](https://millionrounds.com/company/ailytics)[**Genie Health** $3.0M · Oct 2026](https://millionrounds.com/company/genie-health)[**OneByZero** $20M · Oct 2026](https://millionrounds.com/company/onebyzero)[**PixVerse** $1.2B · Sept 2026](https://millionrounds.com/company/pixverse)[**Lyte** $190M · Sept 2026](https://millionrounds.com/company/lyte)[**Blue Fire AI** $9.0M · Sept 2026](https://millionrounds.com/company/blue-fire-ai) ## 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