China · Funded startup

Who invested in Miniso

2 rounds we have observed, with the 2 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.

Consumer ServicesFashion

Funding summaryUpdated 26 Oct 2026

$696Mraised across 2 rounds since 2018, from 2 sources

$146MRound$550MDebt
Latest round
Debt, $550MJan 2025
Step-upi
3.8×
Investors
2
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.

2019202020212022202320242025
$146MRound$550MDebt
First round
Round, $146M
Oct 2018
Biggest round
$550M
Debt · Jan 2025
Between rounds
6.3 years
from the last two

The rounds

  1. Jan 2025
    Debt$550M2 returning

    Source recorded

  2. Oct 2018
    Round$146M2 new

    Reported by FinSMEs

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.

Everyone who backed them

Tengxun TouziVC firm2rounds
Hill House CapitalFamily office2rounds

Missing a round, or an investor who was in one? Tell us.

Quick answers about Miniso

Who invested in Miniso?

Miniso's investors include Tengxun Touzi and Hill House Capital.

How much has Miniso raised?

Miniso has raised $696M across 2 rounds since 2018.

When did Miniso last raise?

Miniso's most recent round was a Debt of $550M in Jan 2025.

What was Miniso's biggest round?

Its most recent round, $550M in Jan 2025, is also its largest on record.

Who backed Miniso first?

Miniso's first round on record, in Oct 2018, was backed by Tengxun Touzi and Hill House Capital.

What stage is Miniso at?

Miniso's latest named round is a Debt, in Jan 2025.

Where is Miniso based?

Miniso is based in China.

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