China · 
Who invested in StepFun?
StepFun's investors include Tengxun Touzi, Qiming Venture Partners, 5Y Capital, Pudong Venture Capital and Xuhui Capital, and 5 more on record.
China · Series B startup
Who invested in StepFun
One round we have observed, with the 10 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.
Raised 9 months ago
Funding summaryUpdated 26 Oct 2026
$718Mraised across 1 round since 2026, from 1 source
- Latest round
- Series B, $718MJan 2026
- Investors
- 10
The rounds
- Jan 2026
Everyone who backed them
Pudong Venture CapitalGrowth equity1round
Xuhui CapitalGrowth equity1round
China Life Private Equity InvestmentVC firm1round
Huaqin TechnologyGrowth equity1round
Shanghai SDIC Leading FundGrowth equity1round
Wuxi Liangxi FundGrowth equity1round
Xiamen ITG GroupGrowth equity1round
Missing a round, or an investor who was in one? Tell us.
Quick answers about StepFun
How much has StepFun raised?
StepFun has raised $718M across 1 round since 2026.
When did StepFun last raise?
StepFun's most recent round was a Series B of $718M in Jan 2026.
What was StepFun's biggest round?
Its most recent round, $718M in Jan 2026, is also its largest on record.
Who backed StepFun first?
StepFun's first round on record, in Jan 2026, was backed by Tengxun Touzi, Qiming Venture Partners and 5Y Capital and 7 others.
What stage is StepFun at?
StepFun's latest named round is a Series B, in Jan 2026.
Where is StepFun based?
StepFun is based in China.
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