Funding round
DeepSeek Growth
Reported as "Growth Equity"
DeepSeek, which works in general AI model research and development in Hangzhou, raised $7.40B in a Growth round announced on 3 Jun 2026, led by Tencent and CATL, at a $50.00B post-money valuation. 10 firms took part.
$7.40B
Amount raised
$50.00B
Post-money valuation
$42.60B pre-money
10
Investors
2 leads
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced DeepSeek at $50.00B after the new money. The $7.40B bought investors about 15% of the company. It is DeepSeek's first venture round on record, 3 years after it was founded in 2023. No later venture round is on record for DeepSeek.
DeepSeek's funding rounds
This is the only venture round on record for DeepSeek.
- Growth this round 3 Jun 2026, led by Tencent and CATL $7.40B$50.00B post-money
Investors
Who put money in
Tencent and CATL led the round with 8 other firms.
Lead investors
- Tencent new investor
- CATL new investor
Also in the round
- JD.com new investor
- NetEase new investor
- IDG Capital backs 49 venture-backed companies new investor
- Monolith Management new investor
- China’s National AI Fund new investor
- Alibaba new investor
- China Integrated Circuit Industry Investment Fund new investor
- National Artificial Intelligence Industry Investment Fund new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
290 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $61M, and this round was 121 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Kpler Tech Companies | 3 Jun 2026 | $1.00B | not disclosed | Sixth Street |
| Ramp Tech Companies | 4 Jun 2026 | $750M | $44.00B | GIC and Iconiq Capital |
| Origin Quantum Tech Companies | 25 Jun 2026 | $440M | $3.50B | China North Industries Group |
| Generalist Tech Companies | 4 Jun 2026 | $400M | $2.00B | Radical Ventures |
| AlphaSense Tech Companies | 3 Jun 2026 | $350M | $7.50B | Vitruvian Partners and Accenture Ventures |
| Tech Companies | 18 Jun 2026 | $260M | $3.00B | Bicycle.capital and Group 11 |
| Coralogix Tech Companies | 3 Jun 2026 | $200M | $1.60B | not named |
| Tech Companies | 26 Jun 2026 | $200M | not disclosed | Summit Partners |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did DeepSeek raise in its Growth round?
DeepSeek raised $7.40B in its Growth round, announced in Jun 2026.
Who led DeepSeek's Growth round?
Tencent and CATL led it, with JD.com, NetEase, IDG Capital, Monolith Management and China’s National AI Fund and 3 more.
What was DeepSeek's valuation at the Growth round?
$50.00B post-money ($42.60B pre-money).
How does it compare with other Growth rounds in Tech Companies?
290 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $61M, and this round was 121 times the median.