# Xingbianli funding: rounds and investors

> Xingbianli has raised $72M across 3 rounds since 2017. Investors include Lightspeed Venture Partners, Vision Plus Capital and HSG. Every round with its source.

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

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

# Who invested in *Xingbianli*

3 rounds we have observed, with the 9 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.

B2C Internet

Funding summary Updated 26 Oct 2026

**$72M** raised across 3 rounds since 2017, from 3 sources

**$15M** Angel **$57M** Round

- **Latest round:** Venture Jun 2018
- **Biggest round:** $57M Round · Nov 2017
- **Investors:** 9

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.

2018

**$15M** Angel

**$57M** Round

**?** Venture

- **First round:** Angel, $15M
- **Biggest round:** $57M
- **Usual gap between rounds:** 7 months

## The rounds

- **Jun 2018** Venture **Amount undisclosed** *2 new* *2 returning* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [HSG](https://millionrounds.com/fund/hsg) [Vision Plus Capital](https://millionrounds.com/fund/vision-plus-capital-2) [Ant Group](https://millionrounds.com/fund/ant-group) Source recorded
- **Nov 2017** Round **$57M** *3 new* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Vision Plus Capital](https://millionrounds.com/fund/vision-plus-capital-2) Sequoia Capital China/ China Renaissance Reported by China Money Network
- **Sept 2017** Angel **$15M** *4 new* Huiwen Wang Lightspeed China Partners/ Tao Zhang Shuhong Ye Xing Wang Reported by FinSMEs

## 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.

**Angel** 2017 **Round** 2017 **Venture** 2018 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Vision Plus Capital](https://millionrounds.com/fund/vision-plus-capital-2) [HSG](https://millionrounds.com/fund/hsg) [Ant Group](https://millionrounds.com/fund/ant-group) Huiwen Wang Lightspeed China Partners/ Tao Zhang Sequoia Capital China/ China Renaissance Shuhong Ye Xing Wang

## Everyone who backed them

[Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **2** rounds

[Vision Plus Capital](https://millionrounds.com/fund/vision-plus-capital-2) VC firm **2** rounds

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

[Ant Group](https://millionrounds.com/fund/ant-group) Corporate VC **1** round

Huiwen Wang no record of our own yet **1** round

Lightspeed China Partners/ Tao Zhang no record of our own yet **1** round

Sequoia Capital China/ China Renaissance no record of our own yet **1** round

Shuhong Ye no record of our own yet **1** round

Xing Wang 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=xingbianli).

## Quick answers about Xingbianli

### Who invested in Xingbianli?

Xingbianli's investors include Lightspeed Venture Partners, Vision Plus Capital, HSG, Ant Group and Huiwen Wang, and 4 more on record.

### How much has Xingbianli raised?

Xingbianli has raised $72M across 3 rounds since 2017. One round did not disclose an amount, so the total is a floor.

### When did Xingbianli last raise?

Xingbianli's most recent round was a Venture in Jun 2018.

### What was Xingbianli's biggest round?

Xingbianli's largest round on record is $57M (Undisclosed round), in Nov 2017.

### Who backed Xingbianli first?

Xingbianli's first round on record, in Sept 2017, was backed by Huiwen Wang, Lightspeed China Partners/ Tao Zhang and Shuhong Ye and 1 others.

### What stage is Xingbianli at?

Xingbianli's latest named round is a Venture, in Jun 2018.

### Where is Xingbianli based?

Xingbianli is based in China.

## Companies like Xingbianli

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

[**ByteDance** $33B · Sept 2026](https://millionrounds.com/company/bytedance)[**Nirva** $25M · Oct 2026](https://millionrounds.com/company/nirva)[**Onto** $125M · Oct 2026](https://millionrounds.com/company/onto)[**Dan-O's Seasoning** $25M · Oct 2026](https://millionrounds.com/company/dan-o-s-seasoning)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**VIVA Finance** $370M · Oct 2026](https://millionrounds.com/company/viva-finance)

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