# Wacai funding: rounds and investors > Wacai has raised $120M across 6 rounds since 2011. Investors include Qiming Venture Partners, IDG Ventures and CDH Investments. Every round with its source. Source: https://millionrounds.com/company/wacai (Millionrounds; every figure on the page links to its filing or article) China · [Funded startup](https://millionrounds.com/companies) # Who invested in *Wacai* 6 rounds we have observed, with the 7 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. Fintech Valuation: $1.0B, Mar 2026 Funding summary Updated 26 Oct 2026 **$120M** raised across 6 rounds since 2011, from 6 sources **$10M** Series A **$3.0M** Series A **$15M** Series A **$50M** Series B **$42M** Round - **Latest round:** Round, $42M May 2017 - **Biggest round:** $50M Series B · Dec 2014 - **Investors:** 7 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. 2012 2013 2014 2015 2016 2017 **?** Seed **$10M** Series A **$3.0M** Series A **$50M** Series B **$42M** Round - **First round:** Seed - **Biggest round:** $50M - **Usual gap between rounds:** 2.3 years ## The rounds - **May 2017** Round **$42M** *3 new* *1 returning* [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) [Ally Bridge Group](https://millionrounds.com/fund/ally-bridge-group) [New Horizon](https://millionrounds.com/fund/new-horizon) China Development Bank/ CBC Reported by China Money Network - **Dec 2014** Series B **$50M** *1 new* [CBC Capital](https://millionrounds.com/fund/china-broadband-capital) From a historical funding record - **Feb 2014** Series A **$15M** *1 new* [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) From a historical funding record - **Oct 2013** Series A **$3.0M** *1 new* [CDH Investments](https://millionrounds.com/fund/cdh-investments) From a historical funding record - **Sept 2013** Series A **$10M** *1 new* [IDG Ventures](https://millionrounds.com/fund/idg-ventures) From a historical funding record - **Jun 2011** Seed **Amount undisclosed** No investor was named in the report. From a historical funding record ## 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. **Seed** 2011 **Series A** 2013 **Series A** 2013 **Series A** 2014 **Series B** 2014 **Round** 2017 [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) [IDG Ventures](https://millionrounds.com/fund/idg-ventures) [CDH Investments](https://millionrounds.com/fund/cdh-investments) [CBC Capital](https://millionrounds.com/fund/china-broadband-capital) [Ally Bridge Group](https://millionrounds.com/fund/ally-bridge-group) [New Horizon](https://millionrounds.com/fund/new-horizon) China Development Bank/ CBC ## Everyone who backed them [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) VC firm **2** rounds [IDG Ventures](https://millionrounds.com/fund/idg-ventures) VC firm **1** round [CDH Investments](https://millionrounds.com/fund/cdh-investments) Private equity **1** round [CBC Capital](https://millionrounds.com/fund/china-broadband-capital) VC firm **1** round [Ally Bridge Group](https://millionrounds.com/fund/ally-bridge-group) Private equity **1** round [New Horizon](https://millionrounds.com/fund/new-horizon) VC firm **1** round China Development Bank/ CBC 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=wacai). ## Quick answers about Wacai ### Who invested in Wacai? Wacai's investors include Qiming Venture Partners, IDG Ventures, CDH Investments, CBC Capital and Ally Bridge Group, and 2 more on record. ### How much has Wacai raised? Wacai has raised $120M across 6 rounds since 2011. One round did not disclose an amount, so the total is a floor. ### When did Wacai last raise? Wacai's most recent round was an Undisclosed round of $42M in May 2017. ### What was Wacai's biggest round? Wacai's largest round on record is $50M (Series B), in Dec 2014. ### Who backed Wacai first? Wacai's first round on record, in Sept 2013, was backed by IDG Ventures. ### What stage is Wacai at? Wacai's latest named round is an Undisclosed round, in May 2017. ### Where is Wacai based? Wacai is based in China. ## Companies like Wacai In the same sector, and raised in the last eighteen months. [**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**Ghanem** $1.5M · Oct 2026](https://millionrounds.com/company/ghanem)[**Cashin** $404K · Oct 2026](https://millionrounds.com/company/cashin)[**Cashbanx** $4.1M · Oct 2026](https://millionrounds.com/company/cashbanx)[**Cognitive Credit** $64M · Oct 2026](https://millionrounds.com/company/cognitive-credit) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app