# The Good Stuff funding: rounds and investors

> The Good Stuff has raised $70M across 2 rounds since 2018. Investors include Welight Capital, Zhen and Qiming Venture Partners. Every round with its source.

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

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

# Who invested in *The Good Stuff*

2 rounds we have observed, with the 10 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.

Internet

Funding summary Updated 26 Oct 2026

**$70M** raised across 2 rounds since 2018, from 2 sources

**$20M** Round **$50M** Series B

- **Latest round:** Series B, $50M Jul 2018
- **Step-up i:** 2.5×
- **Investors:** 10

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.

2018 2019

**$20M** Round

**$50M** Series B

- **First round:** Round, $20M
- **Biggest round:** $50M
- **Between rounds:** 6 months

## The rounds

- **Jul 2018** Series B **$50M** *6 new* *2 returning* [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) [ZhenFund](https://millionrounds.com/fund/zhenfund) [K2VC](https://millionrounds.com/fund/k2vc) [China Growth Capital](https://millionrounds.com/fund/china-growth-capital) [Welight Capital](https://millionrounds.com/fund/welight-capital) Gongqingcheng Jiateng Qiming Ventures/ Joy Zhen Reported by China Money Network
- **Jan 2018** Round **$20M** *4 new* [Welight Capital](https://millionrounds.com/fund/welight-capital) [Joy Capital/ K2VC](https://millionrounds.com/fund/joy-capital-k2vc) [NEXT](https://millionrounds.com/fund/next) Zhen 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.

**Round** 2018 **Series B** 2018 [Welight Capital](https://millionrounds.com/fund/welight-capital) Zhen [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) [ZhenFund](https://millionrounds.com/fund/zhenfund) [K2VC](https://millionrounds.com/fund/k2vc) [China Growth Capital](https://millionrounds.com/fund/china-growth-capital) [Joy Capital/ K2VC](https://millionrounds.com/fund/joy-capital-k2vc) [NEXT](https://millionrounds.com/fund/next) Gongqingcheng Jiateng Qiming Ventures/ Joy

## Everyone who backed them

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

Zhen no record of our own yet **2** rounds

[Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) VC firm **1** round

[ZhenFund](https://millionrounds.com/fund/zhenfund) VC firm **1** round

[K2VC](https://millionrounds.com/fund/k2vc) VC firm **1** round

[China Growth Capital](https://millionrounds.com/fund/china-growth-capital) VC firm **1** round

[Joy Capital/ K2VC](https://millionrounds.com/fund/joy-capital-k2vc) Growth equity **1** round

[NEXT](https://millionrounds.com/fund/next) Accelerator **1** round

Gongqingcheng Jiateng no record of our own yet **1** round

Qiming Ventures/ Joy 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=the-good-stuff).

## Quick answers about The Good Stuff

### Who invested in The Good Stuff?

The Good Stuff's investors include Welight Capital, Zhen, Qiming Venture Partners, ZhenFund and K2VC, and 5 more on record.

### How much has The Good Stuff raised?

The Good Stuff has raised $70M across 2 rounds since 2018.

### When did The Good Stuff last raise?

The Good Stuff's most recent round was a Series B of $50M in Jul 2018.

### What was The Good Stuff's biggest round?

Its most recent round, $50M in Jul 2018, is also its largest on record.

### Who backed The Good Stuff first?

The Good Stuff's first round on record, in Jan 2018, was backed by Welight Capital, Joy Capital/ K2VC and NEXT and 1 others.

### What stage is The Good Stuff at?

The Good Stuff's latest named round is a Series B, in Jul 2018.

### Where is The Good Stuff based?

The Good Stuff is based in China.

## Companies like The Good Stuff

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

[**ByteDance** $33B · Sept 2026](https://millionrounds.com/company/bytedance)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**Blackwall** $162M · Oct 2026](https://millionrounds.com/company/blackwall)[**Tolan** $30M · Oct 2026](https://millionrounds.com/company/tolan)[**Welltory** $4.0M · Oct 2026](https://millionrounds.com/company/welltory)[**Overtime** $33M · Oct 2026](https://millionrounds.com/company/overtime)

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