# Zhangmen funding: rounds and investors

> Zhangmen has raised $750M across 2 rounds since 2019. Investors include SoftBank, Shunwei Capital and International Finance Corporation.

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

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

# Who invested in *Zhangmen*

2 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.

Edtech

Funding summary Updated 26 Oct 2026

**$750M** raised across 2 rounds since 2019, from 2 sources

**$350M** Series E **$400M** Series F

- **Latest round:** Series F, $400M Oct 2020
- **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.

2019 2020

**$350M** Series E

**$400M** Series F

- **First round:** Series E, $350M
- **Biggest round:** $400M
- **Between rounds:** 20 months

## The rounds

- **Oct 2020** Series F **$400M** *6 new* [SoftBank](https://millionrounds.com/fund/softbank-2) [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) [Warburg Pincus](https://millionrounds.com/fund/warburg-pincus) [SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) [Fortune Venture Capital](https://millionrounds.com/fund/fortune-capital) Source recorded
- **Jan 2019** Series E **$350M** *2 new* [China Media Capital (CMC)](https://millionrounds.com/fund/china-media-capital-cmc) [CICC Alpha](https://millionrounds.com/fund/cicc-alpha) 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.

**Series E** 2019 **Series F** 2020 [SoftBank](https://millionrounds.com/fund/softbank-2) [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) [Warburg Pincus](https://millionrounds.com/fund/warburg-pincus) [SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) [Fortune Venture Capital](https://millionrounds.com/fund/fortune-capital) [China Media Capital (CMC)](https://millionrounds.com/fund/china-media-capital-cmc) [CICC Alpha](https://millionrounds.com/fund/cicc-alpha)

## Everyone who backed them

[SoftBank](https://millionrounds.com/fund/softbank-2) Investment firm **1** round

[Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) VC firm **1** round

[International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) Government **1** round

[Warburg Pincus](https://millionrounds.com/fund/warburg-pincus) Private equity **1** round

[SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) VC firm **1** round

[Fortune Venture Capital](https://millionrounds.com/fund/fortune-capital) VC firm **1** round

[China Media Capital (CMC)](https://millionrounds.com/fund/china-media-capital-cmc) Growth equity **1** round

[CICC Alpha](https://millionrounds.com/fund/cicc-alpha) Growth equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=zhangmen).

## Quick answers about Zhangmen

### Who invested in Zhangmen?

Zhangmen's investors include SoftBank, Shunwei Capital, International Finance Corporation, Warburg Pincus and SoftBank Vision Fund, and 3 more on record.

### How much has Zhangmen raised?

Zhangmen has raised $750M across 2 rounds since 2019.

### When did Zhangmen last raise?

Zhangmen's most recent round was a Series F of $400M in Oct 2020.

### What was Zhangmen's biggest round?

Its most recent round, $400M in Oct 2020, is also its largest on record.

### Who backed Zhangmen first?

Zhangmen's first round on record, in Jan 2019, was backed by China Media Capital (CMC) and CICC Alpha.

### What stage is Zhangmen at?

Zhangmen's latest named round is a Series F, in Oct 2020.

### Where is Zhangmen based?

Zhangmen is based in China.

## Companies like Zhangmen

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

[**Intuitivo** $58K · Oct 2026](https://millionrounds.com/company/intuitivo)[**Stride** $16M · Oct 2026](https://millionrounds.com/company/stride)[**Coding Giants** $16M · Oct 2026](https://millionrounds.com/company/coding-giants)[**Mesa School of Business** $16M · Oct 2026](https://millionrounds.com/company/mesa-school-of-business)[**sAInaptic** $3.6M · Oct 2026](https://millionrounds.com/company/sainaptic)[**LearnUpon** $51M · Oct 2026](https://millionrounds.com/company/learnupon)

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