# Xiaohongshu funding: rounds and investors > Xiaohongshu has raised $318M across 4 rounds since 2014. Investors include GGV Capital, Tengxun Touzi and HSG. Every round with its source. Source: https://millionrounds.com/company/xiaohongshu (Millionrounds; every figure on the page links to its filing or article) China · [Venture startup](https://millionrounds.com/companies) # 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-commerce Internet Valuation: $17B, Mar 2026 Funding summary Updated 26 Oct 2026 **$318M** raised across 4 rounds since 2014, from 4 sources **$18M** Series B **$300M** Series D - **Latest round:** Venture Jul 2024 - **Biggest round:** $300M Series 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. 2014 2016 2018 2020 2022 2024 **?** Series A **$18M** Series B **$300M** Series D **?** Venture - **First round:** Series A - **Biggest round:** $300M - **Usual gap between rounds:** 3 years ## The rounds - **Jul 2024** Venture **Amount undisclosed** *5 new* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [HSG](https://millionrounds.com/fund/hsg) [Temasek Holdings](https://millionrounds.com/fund/temasek) [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) [Alibaba Group](https://millionrounds.com/fund/alibaba-group) Source recorded - **Jun 2018** Series D **$300M** *6 new* *1 returning* [GGV Capital](https://millionrounds.com/fund/ggv-capital) [GSR](https://millionrounds.com/fund/gsr) [Genesis](https://millionrounds.com/fund/genesis-3) [C Ventures](https://millionrounds.com/fund/c-ventures) Alibaba/ Tencent Tiantu Zhen Reported by China Money Network - **Jun 2015** Series B **$18M** *1 new* [GGV Capital](https://millionrounds.com/fund/ggv-capital) From a historical funding record - **Jul 2014** Series A **Amount undisclosed** *1 new* [ZhenFund](https://millionrounds.com/fund/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 A** 2014 **Series B** 2015 **Series D** 2018 **Venture** 2024 [GGV Capital](https://millionrounds.com/fund/ggv-capital) [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [HSG](https://millionrounds.com/fund/hsg) [GSR](https://millionrounds.com/fund/gsr) [ZhenFund](https://millionrounds.com/fund/zhenfund) [Temasek Holdings](https://millionrounds.com/fund/temasek) [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) [Alibaba Group](https://millionrounds.com/fund/alibaba-group) [Genesis](https://millionrounds.com/fund/genesis-3) [C Ventures](https://millionrounds.com/fund/c-ventures) ## Everyone who backed them [GGV Capital](https://millionrounds.com/fund/ggv-capital) VC firm **2** rounds [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) VC firm **1** round [HSG](https://millionrounds.com/fund/hsg) VC firm **1** round [GSR](https://millionrounds.com/fund/gsr) VC firm **1** round [ZhenFund](https://millionrounds.com/fund/zhenfund) VC firm **1** round [Temasek Holdings](https://millionrounds.com/fund/temasek) VC firm **1** round [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) Family office **1** round [Alibaba Group](https://millionrounds.com/fund/alibaba-group) Corporate VC **1** round [Genesis](https://millionrounds.com/fund/genesis-3) Hedge fund **1** round [C Ventures](https://millionrounds.com/fund/c-ventures) VC firm **1** round Alibaba/ Tencent no record of our own yet **1** round Tiantu no record of our own yet **1** round Zhen 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=xiaohongshu). ## 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. [HKSTP](https://millionrounds.com/fund/hkstp-ventures) Government Per its own site [C Capital](https://millionrounds.com/fund/c-capital-2) Private equity Per its own site [China Literature](https://millionrounds.com/fund/china-literature) Corporate VC Per its own site [InvestHK](https://millionrounds.com/fund/investhk) Government Per its own site [PANONY](https://millionrounds.com/fund/panony) Accelerator Per its own site [Pou Sheng International Holdings](https://millionrounds.com/fund/pou-sheng-international-holdings) Investment firm Per its own site [Unicorn Capital Partners %e7%8d%a8%e7%a7%80%e8%b3%87%e6%9c%ac](https://millionrounds.com/fund/unicorn-capital-partners) Fund of funds Per its own site ## Quick answers about Xiaohongshu ### Who invested in Xiaohongshu? Xiaohongshu's investors include GGV Capital, Tengxun Touzi, HSG, GSR and ZhenFund, and 8 more on record. ### How much has Xiaohongshu raised? Xiaohongshu has raised $318M across 4 rounds since 2014. 2 rounds did not disclose an amount, so the total is a floor. ### When did Xiaohongshu last raise? Xiaohongshu's most recent round was a Venture in Jul 2024. ### What was Xiaohongshu's biggest round? Xiaohongshu's largest round on record is $300M (Series D), in Jun 2018. ### Who backed Xiaohongshu first? Xiaohongshu's first round on record, in Jul 2014, was backed by ZhenFund. ### What stage is Xiaohongshu at? Xiaohongshu's latest named round is a Venture, in Jul 2024. ### Where is Xiaohongshu based? Xiaohongshu is based in China. ## Companies like Xiaohongshu In the same sector, and raised in the last eighteen months. [**ByteDance** $33B · Sept 2026](https://millionrounds.com/company/bytedance)[**Moonshot AI** $6.7B · Jun 2026](https://millionrounds.com/company/moonshot-ai)[**EloElo** $13M · Oct 2026](https://millionrounds.com/company/eloelo)[**Remolonas** $35K · Oct 2026](https://millionrounds.com/company/remolonas)[**ZeroW** $417K · Oct 2026](https://millionrounds.com/company/zerow)[**Chapter Homes** $6.6M · Oct 2026](https://millionrounds.com/company/chapter-homes) ## 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