# Paipai funding: rounds and investors

> Paipai has raised $15M across 1 round since 2016. Investors include Tengxun Touzi and QF Capital. Every round with its source.

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

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

# Who invested in *Paipai*

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.

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Funding summary Updated 27 Oct 2026

**$15M** raised across 1 round since 2016, from 1 source

- **Latest round:** Series D, $15M Jan 2016
- **Investors:** 2

See who backed them

## The rounds

- **Jan 2016** Series D **$15M** [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [QF Capital](https://millionrounds.com/fund/qf-capital) Source recorded

## Everyone who backed them

[Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) VC firm **1** round

[QF Capital](https://millionrounds.com/fund/qf-capital) VC firm **1** round

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

## Quick answers about Paipai

### Who invested in Paipai?

Paipai's investors include Tengxun Touzi and QF Capital.

### How much has Paipai raised?

Paipai has raised $15M across 1 round since 2016.

### When did Paipai last raise?

Paipai's most recent round was a Series D of $15M in Jan 2016.

### What was Paipai's biggest round?

Its most recent round, $15M in Jan 2016, is also its largest on record.

### Who backed Paipai first?

Paipai's first round on record, in Jan 2016, was backed by Tengxun Touzi and QF Capital.

### What stage is Paipai at?

Paipai's latest named round is a Series D, in Jan 2016.

## Companies like Paipai

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

[**Superapp** $1.6M · Mar 2026](https://millionrounds.com/company/superapp)[**Derivio** $6.0M · Mar 2026](https://millionrounds.com/company/derivio)[**Beetroot** $1.0M · Feb 2026](https://millionrounds.com/company/beetroot)[**Recapp** $11M · Feb 2026](https://millionrounds.com/company/recapp)[**Jatri** Jan 2026](https://millionrounds.com/company/jatri)[**Phys** Jan 2026](https://millionrounds.com/company/phys)

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