Key facts
- It has raised $570.0M; the latest was Early Stage VC ($567.0M) in Jan 2026.
- Notable investors include Qiming Venture Partners, 5Y Capital, Tencent Investment, Shanghai Pudong Venture Capital, China Life Private Equity — 11 tracked in total.
- Status: Privately Held (backing).
Investors
11+- ·The complete investor list — 11 names
- ·Watchlist + deal alerts for Stepfun
- ·The full record, as it builds
Funding rounds
No funding rounds for Stepfun are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.
About Stepfun
Developer and provider of AI large model solutions designed for advancing artificial general intelligence (AGI) through unified multimodal understanding and generation. The company provides cutting-edge self-developed models, enabling AI research and development users with advanced solutions for language, image, video, and speech processing.
- Sector
- Information Technology
- HQ
- Shanghai, China
- Founded
- 2023
- Employees
- 400
- Website
- stepfun.com/
- Ownership
- Privately Held (backing)
Stepfun doesn't have a composite mark yet — a PA Mark is published once enough pricing inputs exist (trade prints, fund marks, round prices). The rest of the record below builds toward it.
Recorded secondary trades
No secondary trades in Stepfun shares have been recorded yet. When a print lands — third-party, direct report, or platform — it appears here with structure, source, and price.
Institutional fund marks
No SEC-registered fund has reported a fair-value mark on Stepfun in its N-PORT filings yet. We sweep new filings monthly.