StepFun Funding: $719M Raised, Series B+ (2026)

StepFun funding overview

StepFun is based in Shanghai, China. StepFun has raised $719M in total disclosed funding. That places its disclosed total in the $250M–$1B range. Its most recent disclosed round is a Series B+ announced in January 2026. The round record for StepFun runs through 2026; nothing later has been disclosed. Investors on record include Tencent, Qiming Venture Partners, 5Y Capital, Shanghai State-owned Capital Investment, China Life Insurance, Fortera Capital and 4 others. 10 distinct backers are named across the disclosed rounds.

StepFun at a glance

Total raised: $719M
Latest round: Series B+
Latest round date: January 2026
Headquarters: Shanghai, China
Notable investors: Tencent, Qiming Venture Partners, 5Y Capital, Shanghai State-owned Capital Investment, China Life Insurance, Fortera Capital, Alibaba Group, Huaqin Technology

Frequently asked about StepFun funding

How much has StepFun raised?: StepFun has raised $719M in total disclosed funding across the rounds on record.
Who has invested in StepFun?: Tencent, Qiming Venture Partners, 5Y Capital, Shanghai State-owned Capital Investment, China Life Insurance, Fortera Capital are named among the investors backing StepFun.
What was the latest StepFun funding round?: The most recent disclosed round is a Series B+, announced in January 2026.
Where is StepFun based?: StepFun is based in Shanghai, China.
When did StepFun last raise?: The last disclosed StepFun round closed in January 2026 at Series B+.

Totals shown for StepFun aggregate every disclosed round on file. To see how that compares, browse the companies in Shanghai and the investors behind them below.

StepFun Funding: $719M Raised, Series B+ (2026)

StepFun funding overview

StepFun at a glance

Frequently asked about StepFun funding

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