# Wangbaobao funding: rounds and investors

> Wangbaobao has raised $14M across 1 round since 2020. Investors include Vertex Ventures, Vertex Ventures China and Source Code Capital.

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

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

# Who invested in *Wangbaobao*

One round we have observed, with the 4 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.

E-commerce

Funding summary Updated 26 Oct 2026

**$14M** raised across 1 round since 2020, from 1 source

- **Latest round:** Series B, $14M Apr 2020
- **Investors:** 4

See who backed them

## The rounds

- **Apr 2020** Series B **$14M** [Vertex Ventures](https://millionrounds.com/fund/vertex-ventures) [Vertex Ventures China](https://millionrounds.com/fund/vertex-ventures-china) [Source Code Capital](https://millionrounds.com/fund/source-code-capital) [Kaitai Capital](https://millionrounds.com/fund/kaitai-capital) Source recorded

## Everyone who backed them

[Vertex Ventures](https://millionrounds.com/fund/vertex-ventures) VC firm **1** round

[Vertex Ventures China](https://millionrounds.com/fund/vertex-ventures-china) VC firm **1** round

[Source Code Capital](https://millionrounds.com/fund/source-code-capital) VC firm **1** round

[Kaitai Capital](https://millionrounds.com/fund/kaitai-capital) VC firm **1** round

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

## Quick answers about Wangbaobao

### Who invested in Wangbaobao?

Wangbaobao's investors include Vertex Ventures, Vertex Ventures China, Source Code Capital and Kaitai Capital.

### How much has Wangbaobao raised?

Wangbaobao has raised $14M across 1 round since 2020.

### When did Wangbaobao last raise?

Wangbaobao's most recent round was a Series B of $14M in Apr 2020.

### What was Wangbaobao's biggest round?

Its most recent round, $14M in Apr 2020, is also its largest on record.

### Who backed Wangbaobao first?

Wangbaobao's first round on record, in Apr 2020, was backed by Vertex Ventures, Vertex Ventures China and Source Code Capital and 1 others.

### What stage is Wangbaobao at?

Wangbaobao's latest named round is a Series B, in Apr 2020.

## Companies like Wangbaobao

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

[**Tru** $7.8M · Sept 2026](https://millionrounds.com/company/tru)[**Neato** $25M · May 2026](https://millionrounds.com/company/neato)[**RXC** $4.8M · Jan 2026](https://millionrounds.com/company/rxc)[**Flora Lounge** Jan 2026](https://millionrounds.com/company/flora-lounge)[**Lorazzo** $546K · Jan 2026](https://millionrounds.com/company/lorazzo)[**Secret Alchemist** $2.5M · Jan 2026](https://millionrounds.com/company/secret-alchemist)

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