# NextVPU funding: rounds and investors

> NextVPU has raised $57M across 2 rounds since 2018. Investors include FreeS Fund, Qianhai Fund of Funds and Cethik. Every round with its source.

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

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

# Who invested in *NextVPU*

2 rounds we have observed, with the 3 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 Education

Funding summary Updated 26 Oct 2026

**$57M** raised across 2 rounds since 2018, from 2 sources

**$29M** Series A **$28M** Series D

- **Latest round:** Series D, $28M Dec 2023
- **Biggest round:** $29M Series A · Oct 2018
- **Investors:** 3

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.

2019 2020 2021 2022 2023

**$29M** Series A

**$28M** Series D

- **First round:** Series A, $29M
- **Biggest round:** $29M
- **Between rounds:** 5.1 years

## The rounds

- **Dec 2023** Series D **$28M** *2 new* [FreeS Fund](https://millionrounds.com/fund/frees-fund) [Qianhai Fund of Funds](https://millionrounds.com/fund/qianhai-fund-of-funds) Source recorded
- **Oct 2018** Series A **$29M** *1 new* Cethik 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** 2018 **Series D** 2023 [FreeS Fund](https://millionrounds.com/fund/frees-fund) [Qianhai Fund of Funds](https://millionrounds.com/fund/qianhai-fund-of-funds) Cethik

## Everyone who backed them

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

[Qianhai Fund of Funds](https://millionrounds.com/fund/qianhai-fund-of-funds) Fund of funds **1** round

Cethik 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=nextvpu).

## Quick answers about NextVPU

### Who invested in NextVPU?

NextVPU's investors include FreeS Fund, Qianhai Fund of Funds and Cethik.

### How much has NextVPU raised?

NextVPU has raised $57M across 2 rounds since 2018.

### When did NextVPU last raise?

NextVPU's most recent round was a Series D of $28M in Dec 2023.

### What was NextVPU's biggest round?

NextVPU's largest round on record is $29M (Series A), in Oct 2018.

### Who backed NextVPU first?

NextVPU's first round on record, in Oct 2018, was backed by Cethik.

### What stage is NextVPU at?

NextVPU's latest named round is a Series D, in Dec 2023.

### Where is NextVPU based?

NextVPU is based in China.

## Companies like NextVPU

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

[**DeepSeek** $24B · Oct 2026](https://millionrounds.com/company/deepseek)[**AGIBOT** $149M · Oct 2026](https://millionrounds.com/company/agibot)[**Infinigence AI** $344M · Oct 2026](https://millionrounds.com/company/infinigence-ai)[**NIMO** Oct 2026](https://millionrounds.com/company/nimo)[**Nutshell Therapeutics** $40M · Sept 2026](https://millionrounds.com/company/nutshell-therapeutics)[**ByteDance** $33B · Sept 2026](https://millionrounds.com/company/bytedance)

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