# WeLab funding: rounds and investors

> WeLab has raised $630M across 6 rounds since 2013. Investors include Sequoia Capital, International Finance Corporation and TOM Group Limited.

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

Hong Kong SAR China · [Series D startup](https://millionrounds.com/companies)

# Who invested in *WeLab*

6 rounds we have observed, with the 16 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.

Financial Services Fintech

Raised 10 months ago Valuation: $1.0B, Mar 2026

Funding summary Updated 26 Oct 2026

**$630M** raised across 6 rounds since 2013, from 6 sources

**$14M** Series A **$20M** Series A **$220M** Series B **$156M** Series C **$220M** Series D

- **Latest round:** Series D, $220M Jan 2026
- **Step-up i:** 1.4×
- **Investors:** 16

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.

2013 2015 2017 2019 2021 2023 2025

**?** Seed

**$14M** Series A

**$20M** Series A

**$220M** Series B

**$156M** Series C

**$220M** Series D

- **First round:** Seed
- **Biggest round:** $220M
- **Usual gap between rounds:** 2.1 years

## The rounds

- **Jan 2026** Series D **$220M** *4 new* *1 returning* [HSG](https://millionrounds.com/fund/hsg) [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) [HSBC](https://millionrounds.com/fund/hsbc) [Tribe Capital](https://millionrounds.com/fund/tribe-capital) [Lakestar](https://millionrounds.com/fund/lakestar) Source recorded
- **Dec 2019** Series C **$156M** *2 new* [China Construction Bank](https://millionrounds.com/fund/china-construction-bank) Alibaba Hong Kong Entrepreneurs Fund Reported by Prnewswire
- **Nov 2017** Series B **$220M** *2 new* [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) Alibaba Hong Kong Reported by FinSMEs
- **Jan 2015** Series A **$20M** *5 new* *2 returning* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) [Yuri Milner](https://millionrounds.com/fund/yuri-milner) [Access Industries](https://millionrounds.com/fund/access-industries) [TOM Group Limited](https://millionrounds.com/fund/tom-group-limited) [Shou Zi Chew](https://millionrounds.com/fund/shou-zi-chew) [Ule](https://millionrounds.com/fund/ule) From a historical funding record
- **Jun 2014** Series A **$14M** *3 new* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Li Ka-shing](https://millionrounds.com/fund/li-ka-shing) [TOM Group Limited](https://millionrounds.com/fund/tom-group-limited) From a historical funding record
- **Jan 2013** 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** 2013 **Series A** 2014 **Series A** 2015 **Series B** 2017 **Series C** 2019 **Series D** 2026 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) [TOM Group Limited](https://millionrounds.com/fund/tom-group-limited) [HSG](https://millionrounds.com/fund/hsg) [HSBC](https://millionrounds.com/fund/hsbc) [Tribe Capital](https://millionrounds.com/fund/tribe-capital) [Lakestar](https://millionrounds.com/fund/lakestar) [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) [Yuri Milner](https://millionrounds.com/fund/yuri-milner) [Access Industries](https://millionrounds.com/fund/access-industries)

## Everyone who backed them

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

[International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) Government **2** rounds

[TOM Group Limited](https://millionrounds.com/fund/tom-group-limited) Corporate VC **2** rounds

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

[HSBC](https://millionrounds.com/fund/hsbc) Growth equity **1** round

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

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

[Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) Growth equity **1** round

[Yuri Milner](https://millionrounds.com/fund/yuri-milner) VC firm **1** round

[Access Industries](https://millionrounds.com/fund/access-industries) Corporate VC **1** round

[Li Ka-shing](https://millionrounds.com/fund/li-ka-shing) Angel **1** round

[China Construction Bank](https://millionrounds.com/fund/china-construction-bank) Growth equity **1** round

[Shou Zi Chew](https://millionrounds.com/fund/shou-zi-chew) VC firm **1** round

[Ule](https://millionrounds.com/fund/ule) Corporate VC **1** round

Alibaba Hong Kong no record of our own yet **1** round

Alibaba Hong Kong Entrepreneurs Fund 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=welab).

## Also claim to have backed them

This firm lists WeLab as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Wings Capital Ventures](https://millionrounds.com/fund/wings-capital-ventures) VC firm Per its own site

## Quick answers about WeLab

### Who invested in WeLab?

WeLab's investors include Sequoia Capital, International Finance Corporation, TOM Group Limited, HSG and HSBC, and 11 more on record.

### How much has WeLab raised?

WeLab has raised $630M across 6 rounds since 2013. One round did not disclose an amount, so the total is a floor.

### When did WeLab last raise?

WeLab's most recent round was a Series D of $220M in Jan 2026.

### What was WeLab's biggest round?

Its most recent round, $220M in Jan 2026, is also its largest on record.

### Who backed WeLab first?

WeLab's first round on record, in Jun 2014, was backed by Sequoia Capital, Li Ka-shing and TOM Group Limited.

### What stage is WeLab at?

WeLab's latest named round is a Series D, in Jan 2026.

### Where is WeLab based?

WeLab is based in Hong Kong SAR China.

## Companies like WeLab

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

[**FundPark** $250M · Sept 2026](https://millionrounds.com/company/fundpark)[**Qupital** $315M · Sept 2026](https://millionrounds.com/company/qupital)[**TurboFlow** $6.0M · Jun 2026](https://millionrounds.com/company/turboflow)[**SignalPlus** $51M · May 2026](https://millionrounds.com/company/signalplus)[**RedotPay** $194M · Dec 2025](https://millionrounds.com/company/redotpay)[**Riverchain** $5.0M · Oct 2025](https://millionrounds.com/company/riverchain)

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