# Pinpianyi funding: rounds and investors

> Pinpianyi has raised $15M across 2 rounds since 2018. Investors include QF Capital and Qingsong Fund. Every round with its source.

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

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

# Who invested in *Pinpianyi*

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.

AI Internet

Funding summary Updated 26 Oct 2026

**$15M** raised across 2 rounds since 2018, from 2 sources

- **Latest round:** Venture Jul 2025
- **Biggest round:** $15M Series A · Sept 2018
- **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.

2019 2020 2021 2022 2023 2024 2025

**$15M** Series A

**?** Venture

- **First round:** Series A, $15M
- **Biggest round:** $15M
- **Between rounds:** 6.8 years

## The rounds

- **Jul 2025** Venture **Amount undisclosed** *1 new* *1 returning* [QF Capital](https://millionrounds.com/fund/qf-capital) [Qingsong Fund](https://millionrounds.com/fund/qingsong-fund) Source recorded
- **Sept 2018** Series A **$15M** *1 new* [QF Capital](https://millionrounds.com/fund/qf-capital) 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 **Venture** 2025 [QF Capital](https://millionrounds.com/fund/qf-capital) [Qingsong Fund](https://millionrounds.com/fund/qingsong-fund)

## Everyone who backed them

[QF Capital](https://millionrounds.com/fund/qf-capital) VC firm **2** rounds

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

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

## Quick answers about Pinpianyi

### Who invested in Pinpianyi?

Pinpianyi's investors include QF Capital and Qingsong Fund.

### How much has Pinpianyi raised?

Pinpianyi has raised $15M across 2 rounds since 2018. One round did not disclose an amount, so the total is a floor.

### When did Pinpianyi last raise?

Pinpianyi's most recent round was a Venture in Jul 2025.

### What was Pinpianyi's biggest round?

Pinpianyi's largest round on record is $15M (Series A), in Sept 2018.

### Who backed Pinpianyi first?

Pinpianyi's first round on record, in Sept 2018, was backed by QF Capital.

### What stage is Pinpianyi at?

Pinpianyi's latest named round is a Venture, in Jul 2025.

### Where is Pinpianyi based?

Pinpianyi is based in China.

## Companies like Pinpianyi

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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