DeepSeek reportedly raises about $15 billion, with CATL and Tencent as major investors
Bloomberg reports that DeepSeek has completed a funding round of about $15 billion, one of the largest private financings in China. During negotiations, its funding target was raised at least twice, from about $7.5 billion to $12 billion; CATL and Tencent are the largest investors, with CATL reportedly contributing about $1.5 billion, twice that of the first round. Chinese media put the pre-money valuation at about $74.8 billion, unchanged even as the funding size doubled, meaning the new capital obtained a larger stake at the same price. Together with the first round of more than $7.5 billion completed in June, DeepSeek has raised a total of about $22.5 billion in roughly six months.
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The funding target was raised twice while the pre-money valuation stayed unchanged, which readers can use to observe DeepSeek's pricing and expansion pace in the capital market.
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Bloomberg: DeepSeek has raised about $15B, one of China’s largest private financings.
The Hangzhou lab lifted its target at least twice during talks, from about $7.5B to $12B
CATL and Tencent were among the largest backers, with CATL reportedly committing about $1.5B, double its first-round check.
Chinese media put the pre-money valuation at about $74.8B, unchanged as the round doubled, so new money bought bigger stakes at the same price.
Together with a first round above $7.5B that closed in June, DeepSeek has collected about $22.5B in roughly 6 months.