China · 
Who invested in Pinduoduo?
Pinduoduo's investors include Tengxun Touzi, IDG Capital, HSG, Gaorong Capital and Tencent/ Sequoia.
2019
$1.4BSeries D$3.0BRound
China · Funded startup
Who invested in Pinduoduo
Funding summaryUpdated 26 Oct 2026
$4.4Braised across 2 rounds since 2018, from 2 sources
$1.4BSeries D$3.0BRound
- Latest round
- Round, $3.0BApr 2018
- Step-upi
- 2.1×
- Investors
- 5
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Series D, $1.4B Apr 2018
- Biggest round
- $3.0B Round · Apr 2018
The rounds
- Apr 2018
- Apr 2018
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
Tencent/ SequoiaInvestment firm1round
Missing a round, or an investor who was in one? Tell us.
Quick answers about Pinduoduo
How much has Pinduoduo raised?
Pinduoduo has raised $4.4B across 2 rounds since 2018.
When did Pinduoduo last raise?
Pinduoduo's most recent round was an Undisclosed round of $3.0B in Apr 2018.
What was Pinduoduo's biggest round?
Its most recent round, $3.0B in Apr 2018, is also its largest on record.
Who backed Pinduoduo first?
Pinduoduo's first round on record, in Apr 2018, was backed by Tengxun Touzi, IDG Capital and HSG and 1 others.
What stage is Pinduoduo at?
Pinduoduo's latest named round is an Undisclosed round, in Apr 2018.
Where is Pinduoduo based?
Pinduoduo is based in China.
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