# Xianghuanji funding: rounds and investors

> Xianghuanji has raised $32M across 2 rounds since 2018. Investors include Huagai Capital, Gopher Asset Management and Wacai. Every round with its source.

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

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

# Who invested in *Xianghuanji*

2 rounds we have observed, with the 4 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.

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Funding summary Updated 27 Oct 2026

**$32M** raised across 2 rounds since 2018, from 2 sources

**$24M** Round **$8.5M** Series B

- **Latest round:** Series B, $8.5M Jul 2021
- **Biggest round:** $24M Round · Apr 2018
- **Investors:** 4

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.

2019 2020 2021

**$24M** Round

**$8.5M** Series B

- **First round:** Round, $24M
- **Biggest round:** $24M
- **Between rounds:** 3.3 years

## The rounds

- **Jul 2021** Series B **$8.5M** *1 new* [Huagai Capital](https://millionrounds.com/fund/huagai-capital) Source recorded
- **Apr 2018** Round **$24M** *3 new* [Gopher Asset Management](https://millionrounds.com/fund/gopher-asset-management) [Wacai](https://millionrounds.com/fund/wacai) Chenshan Capital/ HG 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** 2021 [Huagai Capital](https://millionrounds.com/fund/huagai-capital) [Gopher Asset Management](https://millionrounds.com/fund/gopher-asset-management) [Wacai](https://millionrounds.com/fund/wacai) Chenshan Capital/ HG

## Everyone who backed them

[Huagai Capital](https://millionrounds.com/fund/huagai-capital) Private equity **1** round

[Gopher Asset Management](https://millionrounds.com/fund/gopher-asset-management) Private equity **1** round

[Wacai](https://millionrounds.com/fund/wacai) Investment firm **1** round

Chenshan Capital/ HG 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=xianghuanji).

## Quick answers about Xianghuanji

### Who invested in Xianghuanji?

Xianghuanji's investors include Huagai Capital, Gopher Asset Management, Wacai and Chenshan Capital/ HG.

### How much has Xianghuanji raised?

Xianghuanji has raised $32M across 2 rounds since 2018.

### When did Xianghuanji last raise?

Xianghuanji's most recent round was a Series B of $8.5M in Jul 2021.

### What was Xianghuanji's biggest round?

Xianghuanji's largest round on record is $24M (Undisclosed round), in Apr 2018.

### Who backed Xianghuanji first?

Xianghuanji's first round on record, in Apr 2018, was backed by Gopher Asset Management, Wacai and Chenshan Capital/ HG.

### What stage is Xianghuanji at?

Xianghuanji's latest named round is a Series B, in Jul 2021.

### Where is Xianghuanji based?

Xianghuanji is based in China.

## Companies like Xianghuanji

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

[**ByteDance** $33B · Sept 2026](https://millionrounds.com/company/bytedance)[**Simile** $600M · Oct 2026](https://millionrounds.com/company/simile)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**Mika Games** $10M · Oct 2026](https://millionrounds.com/company/mika-games)[**Blackwall** $162M · Oct 2026](https://millionrounds.com/company/blackwall)[**Tolan** $30M · Oct 2026](https://millionrounds.com/company/tolan)

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