# Startup funding in China, October 2026: DeepSeek's $15B Series B leads 31 rounds > We read 31 equity rounds raised in China and announced in October 2026, raising $17B between them: 4% of the rounds we read worldwide that month and 28% of... Source: https://millionrounds.com/news/monthly/2026-10/china (Millionrounds; every figure on the page links to its filing or article) Equity rounds **31** raised in China, 14 with an amount Raised **$17B** across those rounds Lead named **45%** of rounds say who led Share of the world **4%** of rounds; 28% of the money ## The biggest rounds - [1 **DeepSeek** Series B **$15B**](https://millionrounds.com/company/deepseek) - [2 **Neolix** Series E · led by Boyu Capital, China's National Artificial Intelligence Industry Investment Fund **$400M**](https://millionrounds.com/company/neolix) - [3 **Infinigence AI** Series C **$344M**](https://millionrounds.com/company/infinigence-ai) - [4 **Approaching.AI** Series B · led by ICBC Investment, Xiaoshan Capital **$193M**](https://millionrounds.com/company/approaching-ai) - [5 N **Nano-core Chip** Series C · led by JianTou Investment **$150M**](https://millionrounds.com/company/nano-core-chip) - [6 F **FAIRINO** Series D · led by Meituan, Meituan Longzhu **$150M**](https://millionrounds.com/company/fairino) - [7 M **Moss Intelligence** Pre-seed · led by Huakong Fund **$149M**](https://millionrounds.com/company/moss-intelligence) - [8 **NeuroXess** Series B · led by Shenzhen Capital Group Co., SDIC Juli **$105M**](https://millionrounds.com/company/neuroxess) - [9 **BioGeometry** Series A · led by China Life Capital **$100M**](https://millionrounds.com/company/biogeometry) - [10 M **MoSense** Seed · led by CDH Investments, Oasis Capital **$15M**](https://millionrounds.com/company/mosense) ## Day by day Equity rounds raised in China and announced each day of October. The busiest day was 28 October, with 6. 1 October 31 October ## By stage, against the year Each stage's median this month beside its twelve-month median: China's own where we hold enough rounds for a benchmark, otherwise the worldwide one. [Pre-seed](https://millionrounds.com/benchmarks/pre-seed) *6* **$82M** this month **$2.0M** 12 months, worldwide [Seed](https://millionrounds.com/benchmarks/seed) *11* **$15M** this month **$5.5M** 12 months, worldwide [Series A](https://millionrounds.com/benchmarks/series-a) *3* **$57M** this month **$20M** 12 months, worldwide [Series B](https://millionrounds.com/benchmarks/series-b) *5* **$193M** this month **$50M** 12 months, worldwide [Series C](https://millionrounds.com/benchmarks/series-c) *2* **$247M** this month **$100M** 12 months, worldwide [Series D](https://millionrounds.com/benchmarks/series-d) *1* **$150M** this month **$150M** 12 months, worldwide ## In what - [AI](https://millionrounds.com/news/monthly/2026-10/sector/ai) **23** - [Robotics](https://millionrounds.com/news/monthly/2026-10/sector/robotics) **14** - [Hardware & Electronics](https://millionrounds.com/news/monthly/2026-10/sector/hardware) **7** - [Manufacturing](https://millionrounds.com/news/monthly/2026-10/sector/manufacturing) **5** - [Semiconductors](https://millionrounds.com/news/monthly/2026-10/sector/semiconductors) **4** - Advanced Manufacturing **3** - [Big Data & Analytics](https://millionrounds.com/news/monthly/2026-10/sector/big-data) **3** - [Cloud](https://millionrounds.com/news/monthly/2026-10/sector/cloud) **2** AI was the busiest sector in China. ## Against the world - Rounds, China **31** - Rounds, worldwide **733** - Raised, China **$17B** - Raised, worldwide **$59B** [The whole of October 2026](https://millionrounds.com/news/monthly/2026-10) ## Other countries in October [281 rounds **United States** *→*](https://millionrounds.com/news/monthly/2026-10/united-states)[74 rounds **India** *→*](https://millionrounds.com/news/monthly/2026-10/india)[56 rounds **United Kingdom** *→*](https://millionrounds.com/news/monthly/2026-10/united-kingdom)[25 rounds **Japan** *→*](https://millionrounds.com/news/monthly/2026-10/japan)[24 rounds **South Korea** *→*](https://millionrounds.com/news/monthly/2026-10/south-korea)[18 rounds **Canada** *→*](https://millionrounds.com/news/monthly/2026-10/canada)[17 rounds **France** *→*](https://millionrounds.com/news/monthly/2026-10/france) **How this roundup is made** It is written from the rounds we read that month in named articles and filings, counted by the country the company raised in. Only equity rounds with a stage count; debt, grants and public companies' raises do not. Each month the eight countries with the most equity rounds get their own roundup. We read more sources every month, so compare medians, not totals. [How we read rounds](https://millionrounds.com/methodology) · [Report a mistake](https://millionrounds.com/corrections)