# Xiaozhu funding: rounds and investors > Xiaozhu has raised $485M across 3 rounds since 2016. Investors include Capital Today, Morningside Group and BAI capital. Every round with its source. Source: https://millionrounds.com/company/xiaozhu (Millionrounds; every figure on the page links to its filing or article) China · [Funded startup](https://millionrounds.com/companies) # Who invested in *Xiaozhu* 3 rounds we have observed, with the 8 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. Internet Valuation: $1.5B, Mar 2026 Funding summary Updated 26 Oct 2026 **$485M** raised across 3 rounds since 2016, from 3 sources **$65M** Round **$120M** Round **$300M** Round - **Latest round:** Round, $300M Oct 2018 - **Step-up i:** 2.5× - **Investors:** 8 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. 2017 2018 **$65M** Round **$120M** Round **$300M** Round - **First round:** Round, $65M - **Biggest round:** $300M - **Usual gap between rounds:** 12 months ## The rounds - **Oct 2018** Round **$300M** *3 new* *2 returning* [Morningside Group](https://millionrounds.com/fund/morningside) [Capital Today](https://millionrounds.com/fund/capital-today-group) [YunFeng Capital](https://millionrounds.com/fund/yunfeng-capital) [Joy](https://millionrounds.com/fund/joy-2) Advantech Capital/ GIC Reported by China Money Network - **Nov 2017** Round **$120M** *2 new* *1 returning* [Morningside Group](https://millionrounds.com/fund/morningside) [Capital Today](https://millionrounds.com/fund/capital-today-group) Yunfeng Capital/ Joy Reported by FinSMEs - **Nov 2016** Round **$65M** *3 new* [BAI capital](https://millionrounds.com/fund/bai-capital) [Capital Today](https://millionrounds.com/fund/capital-today-group) [Joy Capital](https://millionrounds.com/fund/joy-capital) Reported by DealStreetAsia ## 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** 2016 **Round** 2017 **Round** 2018 [Capital Today](https://millionrounds.com/fund/capital-today-group) [Morningside Group](https://millionrounds.com/fund/morningside) [BAI capital](https://millionrounds.com/fund/bai-capital) [YunFeng Capital](https://millionrounds.com/fund/yunfeng-capital) [Joy Capital](https://millionrounds.com/fund/joy-capital) [Joy](https://millionrounds.com/fund/joy-2) Advantech Capital/ GIC Yunfeng Capital/ Joy ## Everyone who backed them [Capital Today](https://millionrounds.com/fund/capital-today-group) VC firm **3** rounds [Morningside Group](https://millionrounds.com/fund/morningside) VC firm **2** rounds [BAI capital](https://millionrounds.com/fund/bai-capital) VC firm **1** round [YunFeng Capital](https://millionrounds.com/fund/yunfeng-capital) Private equity **1** round [Joy Capital](https://millionrounds.com/fund/joy-capital) VC firm **1** round [Joy](https://millionrounds.com/fund/joy-2) Company **1** round Advantech Capital/ GIC no record of our own yet **1** round Yunfeng Capital/ Joy 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=xiaozhu). ## Quick answers about Xiaozhu ### Who invested in Xiaozhu? Xiaozhu's investors include Capital Today, Morningside Group, BAI capital, YunFeng Capital and Joy Capital, and 3 more on record. ### How much has Xiaozhu raised? Xiaozhu has raised $485M across 3 rounds since 2016. ### When did Xiaozhu last raise? Xiaozhu's most recent round was an Undisclosed round of $300M in Oct 2018. ### What was Xiaozhu's biggest round? Its most recent round, $300M in Oct 2018, is also its largest on record. ### Who backed Xiaozhu first? Xiaozhu's first round on record, in Nov 2016, was backed by BAI capital, Capital Today and Joy Capital. ### What stage is Xiaozhu at? Xiaozhu's latest named round is an Undisclosed round, in Oct 2018. ### Where is Xiaozhu based? Xiaozhu is based in China. ## Companies like Xiaozhu In the same sector, and raised in the last eighteen months. [**ByteDance** $33B · Sept 2026](https://millionrounds.com/company/bytedance)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**Blackwall** $162M · Oct 2026](https://millionrounds.com/company/blackwall)[**Tolan** $30M · Oct 2026](https://millionrounds.com/company/tolan)[**Welltory** $4.0M · Oct 2026](https://millionrounds.com/company/welltory)[**Overtime** $33M · Oct 2026](https://millionrounds.com/company/overtime) ## 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