Who invested in Xiaohongshu

4 rounds we have observed, with the 13 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.

E-commerceInternet

Valuation: $17B, Mar 2026

Funding summaryUpdated 26 Oct 2026

$318Mraised across 4 rounds since 2014, from 4 sources

$18MSeries B$300MSeries D

Latest round: VentureJul 2024
Biggest round: $300MSeries D · Jun 2018
Investors: 13

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.

201420162018202020222024

?Series A$18MSeries B$300MSeries D?Venture

First round: Series A
Biggest round: $300M
Usual gap between rounds: 3 years

The rounds

Jul 2024
VentureAmount undisclosed5 new
Source recorded
Jun 2018
Series D$300M6 new1 returning
- GGV Capital
- GSR
- Genesis
- C Ventures
- Alibaba/ Tencent
- Tiantu
- Zhen
Reported by China Money Network
Jun 2015
Series B$18M1 new
- GGV Capital
From a historical funding record
Jul 2014
Series AAmount undisclosed1 new
- ZhenFund
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.

Series A2014Series B2015Series D2018Venture2024

Everyone who backed them

GGV CapitalVC firm2rounds

Tengxun TouziVC firm1round

HSGVC firm1round

GSRVC firm1round

ZhenFundVC firm1round

Temasek HoldingsVC firm1round

Hill House CapitalFamily office1round

Alibaba GroupCorporate VC1round

GenesisHedge fund1round

C VenturesVC firm1round

Alibaba/ Tencentno record of our own yet1round

Tiantuno record of our own yet1round

Zhenno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 7 firms list Xiaohongshu as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.