China · Series F startup

Who invested in Zhihu

6 rounds we have observed, with the 11 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

Funding summaryUpdated 26 Oct 2026

$919Mraised across 6 rounds since 2011, from 6 sources

$8.0MSeries A$22MSeries B$55MSeries C$100MSeries D$300MRound$434MSeries F
Latest round
Series F, $434MAug 2019
Led by
Baidu and Kuaishou
Step-upi
1.4×
Investors
11 (2 led)
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.

2013201520172019
$8.0MSeries A$22MSeries B$55MSeries C$100MSeries D$300MRound$434MSeries F
First round
Series A, $8.0M
Nov 2011
Biggest round
$434M
Series F · Aug 2019
Usual gap between rounds
17 months
the median of 5

The rounds

  1. Aug 2019
    Series F$434M4 new2 returning

    Reported by Kr-asia

  2. Jul 2018
    Round$300M

    No investor was named in the report.

    Reported by China Money Network

  3. Jan 2017
    Series D$100M1 new2 returning

    Reported by TechNode

  4. Nov 2015
    Series C$55M3 new2 returning

    From a historical funding record

  5. Jun 2014
    Series B$22M1 new2 returning

    From a historical funding record

  6. Nov 2011
    Series A$8.0M2 new

    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.

Everyone who backed them

Tengxun TouziVC firm3rounds
Saif PartnersPrivate equity2rounds
SogouCorporate VC2rounds
BaiduInvestment firm1round, led 1
Kuaishouno record of our own yet1round, led 1
Goldman SachsPrivate equity1round
Sinovation VenturesVC firm1round
Capital TodayVC firm1round
Idea Bulb VenturesVC firm1round

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

Also claim to have backed them

These 3 firms list Zhihu 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.

Shunwei CapitalVC firmPer its own site
Blue Lake CapitalPrivate equityPer its own site
JiguangInvestment firmPer its own site

Quick answers about Zhihu

Who invested in Zhihu?

Zhihu's investors include Qiming Venture Partners, Tengxun Touzi, Saif Partners, Innovation Works North America and Sogou, and 6 more on record. Baidu led its latest round.

How much has Zhihu raised?

Zhihu has raised $919M across 6 rounds since 2011.

When did Zhihu last raise?

Zhihu's most recent round was a Series F of $434M in Aug 2019, led by Baidu.

What was Zhihu's biggest round?

Its most recent round, $434M in Aug 2019, is also its largest on record.

Who backed Zhihu first?

Zhihu's first round on record, in Nov 2011, was backed by Qiming Venture Partners and Innovation Works North America.

What stage is Zhihu at?

Zhihu's latest named round is a Series F, in Aug 2019.

Where is Zhihu based?

Zhihu is based in China.

Who led Zhihu's rounds?

Baidu led the Series F in 2019.

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