Raising Outside Silicon Valley: Weilong Foods's $500M Series A

Liu Weiping, founder of Weilong Foods (Luohe, China), has $950M on record, most recently a $500M Series A in December 2022.

Weilong Foods has $950M on record. The latest round is a $500M Series A (December 2022). Size your own round against the evidence it must buy, not against the stage letter.

Key takeaways

Founders outside the main US hubs face a real choice: raise locally at terms set by a smaller pool, or spend months building conviction with funds several time zones away.

The record here belongs to Liu Weiping, founder of Weilong Foods (Luohe, China).

| | | |---|---| | Founder | Liu Weiping | | Company | Weilong Foods (Luohe, China) | | Total raised | $950M | | Latest round | Series A — $500M | | Round date | December 2022 | | Named participants on record | Sunshine Insurance Group Co, Jiang Nanchun, Prospect Bridge |

This round is 53% of everything raised to date, so earlier rounds still shape the cap table.

The round size sets the next evidence bar. Investors size the following round against what this one was expected to buy. Write that expectation down before you sign.

Named participants signal the buyer pool. Sunshine Insurance Group Co, Jiang Nanchun, Prospect Bridge are on record here. Funds with that profile are the realistic audience for a comparable raise.

Timing is data. The round closed in December 2022. Fundraises take longer than founders plan; count backwards from the date you need cash, not from the date you want a term sheet.

1. Write the two or three pieces of evidence your next round must show. 2. Cost out the months and headcount required to produce that evidence, then add a third for slippage. 3. Build the investor list from funds that have written cheques of this size at this stage, not from brand preference. 4. Ask each lead what they expect to see at the next round, and hold them to it in writing.

The letter on the round matters far less than whether the money buys the evidence the next buyer needs.

Frequently asked questions

How much has Liu Weiping raised for Weilong Foods?
Weilong Foods has $950M in disclosed funding on record, most recently a $500M Series A in December 2022.
Who invested in Weilong Foods?
Named participants on record include Sunshine Insurance Group Co, Jiang Nanchun, Prospect Bridge. Records list participants, not allocations or terms.
Where do these figures come from?
Structured founder funding records: total raised, round stage, round amount, round date and named participants. They exclude valuation, terms and board composition.

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•By Alejandro Cremades