Funding round
Giant Panda Growth
Reported as "Growth Equity"
Giant Panda, which works in domain name registration services in San Juan, raised $975M in a Growth round announced on 16 Jan 2025, led by MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation. 4 firms took part. It is Giant Panda's first venture round on record.
$975M
Amount raised
Not disclosed
Post-money valuation
4
Investors
2 leads
Valuation
What this round says about the price
Giant Panda did not disclose a valuation in this round. It is Giant Panda's first venture round on record, 102 years after it was founded in 1923. It is 36% of the $2.73B Giant Panda has raised in the venture rounds on record. Giant Panda raised again 8 months later: a Growth round of $1.20B in Sep 2025.
Investors
Who put money in
MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation led the round with 2 other firms.
Lead investors
- MUFG Bank, Ltd. new investor
- Sumitomo Mitsui Banking Corporation new investor
Also in the round
- Mizuho new investor
- Bank of Nova Scotia new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
18 Growth rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $138M, and this round was 7.1 times the median. The closest in time, other companies' Growth rounds in Hosting & Cloud Infrastructure Providers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Khazna Data Centers Hosting & Cloud Infrastructure Providers | 1 Feb 2025 | $2.20B | $5.50B | not named |
| Nscale Hosting & Cloud Infrastructure Providers | 1 Dec 2024 | $433M | not disclosed | Blue Owl Capital |
| Hosting & Cloud Infrastructure Providers | 19 Dec 2024 | $333M | $3.50B | LuminArx Capital Management and AMD Ventures |
| Hosting & Cloud Infrastructure Providers | 1 Feb 2025 | $231M | not disclosed | not named |
| Hosting & Cloud Infrastructure Providers | 1 Feb 2025 | $175M | not disclosed | not named |
| Hosting & Cloud Infrastructure Providers | 30 Apr 2025 | $250M | not disclosed | NOVA Infrastructure |
| TensorWave Hosting & Cloud Infrastructure Providers | 8 Oct 2024 | $43M | not disclosed | not named |
| Hosting & Cloud Infrastructure Providers | 23 Aug 2024 | $39M | not disclosed | not named |
Sources
Where this comes from
Reported by 8 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Giant Panda raise in its Growth round?
Giant Panda raised $975M in its Growth round, announced in Jan 2025.
Who led Giant Panda's Growth round?
MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation led it, with Mizuho and Bank of Nova Scotia.
What was Giant Panda's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Hosting & Cloud Infrastructure Providers?
18 Growth rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $138M, and this round was 7.1 times the median.
Did Giant Panda raise again after this round?
Yes: a Growth round in Sep 2025 of $1.20B.