Private Valuation & Funding Round Tracker · Moonshot AI

Moonshot AI funding rounds & valuation history

Name: Moonshot AI Funding Rounds & Valuation History
Creator: growthnavigatefunding.net

Moonshot AI, the Beijing company behind the Kimi models, from its 2024 Series B to the final private round before a planned Hong Kong IPO. Each row is a closed round as reported by the press: Moonshot rarely confirms its funding, so every valuation names who reported it.

Last updated: 13 Nov 2026 (IST). Every figure re-checked against the linked sources that day. Rows: 6 Currency: US$, nominal

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Latest valuation Closed

~$50B

Final private round, Oct 2026

Reported (Bloomberg); size not disclosed.

Largest round

$3.5B+

July 2026, at $35B (Yicai)

$4.3B → ~$50B

11.6×

Dec 2025 Series C to Oct 2026 round (GNF calc.)

IPO status

Filed (confidential)

Hong Kong; target Q1 2027 (Bloomberg)

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Moonshot AI funding rounds, February 2024 to October 2026
Date	Status	Round	Amount	Lead / buyer	Valuation	Val. ÷ run-rate	Source
6 Oct 2026	Closed round	Final pre-IPO round (reported)“Has closed the final round of private fund raising at a valuation of about US$50 billion” (Bloomberg via The Straits Times). Investors not named.	—Not disclosed	—Not disclosed	~$50BReported by Bloomberg from people familiar (via The Straits Times and Silicon Republic); not confirmed by Moonshot; basis not stated1.43× vs prior closed	—Not disclosedNo run-rate stated in the announcement	The Straits Times (Bloomberg), Oct 2026Also: Silicon Republic, 6 Oct 2026
29 Jul 2026	Closed round	Funding round (reported)People familiar with the matter (Yicai). Investors not named. Not confirmed by Moonshot.	$3.5B+“More than USD3.5 billion” (Yicai)	—Not disclosed	$35BYicai and Bloomberg (via Silicon Republic) give $35B; Bloomberg via The Straits Times says the summer round “valued it at US$31.5 billion” (consistent with $31.5B before a $3.5B raise, but no source says pre-money)3.50× vs prior closed	—Not disclosedNo run-rate stated in the announcement	Yicai Global, 30 Jul 2026Also: Silicon Republic, 6 Oct 2026, The Straits Times (Bloomberg), Oct 2026
Feb 2026	Closed round	Funding round (reported)“Jointly led by existing investors including Alibaba Group Holding, Tencent Holdings, Andon Hong Kong and 5Y Capital, according to a source” (SCMP, 18 Feb 2026; Alibaba owns SCMP). Month only.	$700M+“At least another US$700 million” (SCMP, 18 Feb 2026)	Alibaba, Tencent, Andon Hong Kong, 5Y Capital (jointly led, per SCMP)	$10BYicai (30 Jul 2026) says the valuation rose “from USD10 billion” this year. SCMP (18 Feb 2026) said the round “could value it at up to US$12 billion” and had not yet concluded. Basis not stated.2.33× vs prior closed	—Not disclosedNo run-rate stated in the announcement	South China Morning Post, 18 Feb 2026Also: Yicai Global, 30 Jul 2026
31 Dec 2025	Closed round	Series CSCMP: cash reserves above 10 billion yuan (US$1.4B). Alibaba owns SCMP.	$500M	IDG Capital ($150M)Also: Alibaba, Tencent (existing)	$4.3BPer LatePost, citing founder Yang Zhilin’s internal letter (via SCMP); basis not stated1.30× vs prior closed	—Not disclosedNo run-rate stated in the announcement	South China Morning Post, 31 Dec 2025
6 Aug 2024	Closed round	Funding round with Tencent (reported)Date is the Cailian Press report. Bloomberg (5 Aug 2024) also reported a $300M financing joined by Tencent (paywalled; not read).	$300M	Not disclosedAlso: Tencent (participation confirmed by a person close to the company)	$3.3BReported (Cailian Press); Moonshot declined to comment; basis not stated1.32× vs prior closed	—Not disclosedNo run-rate stated in the announcement	Cailian Press (STAR Market Daily), 6 Aug 2024
21 Feb 2024	Closed round	Series B (reported)Date is TechCrunch’s report. Moonshot and investors did not comment.	$1B+	AlibabaAlso: HongShan (co-lead per SCMP); Meituan, Xiaohongshu; Monolith Management (per Bloomberg)	$2.5BReported (TechCrunch citing Chinese media); Cailian Press gives $2.5B as post-money	—Not disclosedNo run-rate stated in the announcement	TechCrunch, 21 Feb 2024Also: Cailian Press (STAR Market Daily), 6 Aug 2024

“vs prior closed” = valuation ÷ the prior closed round’s valuation, using reported figures on mixed or unstated bases.

Reported valuation at each closed round

All values are press-reported, mostly with no stated pre- or post-money basis. The Jul 2026 figure is $35B per Yicai and Bloomberg; another Bloomberg account gives $31.5B.

Series BFeb 2024$2.5B
Tencent roundAug 2024$3.3B
Series CDec 2025$4.3B
RoundFeb 2026$10B
RoundJul 2026$35B
Final roundOct 2026~$50B

Sources: TechCrunch; Cailian Press; SCMP; Yicai; Bloomberg via The Straits Times and Silicon Republic. US$ billions, linear scale.

Timeline

Rounds, talks and the IPO filing, oldest first.

Feb 2024 · Closed
Series B: $1B+ led by Alibaba at $2.5B.
Aug 2024 · Closed
$300M with Tencent at $3.3B.
31 Dec 2025 · Closed
Series C: $500M led by IDG at $4.3B.
Feb 2026 · Closed
$700M+ at $10B.
Jul 2026 · Closed
$3.5B+ at $35B.
Sep 2026 · IPO filing
Confidential Hong Kong IPO filing reported. Not priced.
Oct 2026 · Closed
Final private round at about $50B.

Still private — confidential Hong Kong filing, not priced: Moonshot has filed confidentially for a Hong Kong IPO, sources told Bloomberg and SCMP; Bloomberg reports a target of the first quarter of 2027 and a raise of up to US$5B. There is no public prospectus, price or listing. Every valuation on this page is press-reported; Moonshot has not published any of them. Not a subsidiary: Alibaba’s annual report said it invested “approximately US$0.8 billion … for an approximately 36 per cent equity interest” in fiscal 2024 (via SCMP, 25 May 2024). That is a minority stake, since diluted by later rounds; Alibaba has not disclosed a current percentage. Tencent and others are also investors; no source shows a listed company holding a controlling stake.

Cite this dataset

Free to quote with a link back. Copy this citation:

Moonshot AI Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/moonshot-ai/

Download the data

The same 6 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.

File: moonshot-ai-rounds.csv (UTF-8, comma-separated)
Stable URL: https://growthnavigatefunding.net/wp-content/uploads/2026/11/moonshot-ai-rounds.csv
Columns: id, date, date_precision, status, transaction_type, round, amount_usd_low, amount_usd_high, lead_or_buyer, co_leads, valuation_usd_low, valuation_usd_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_usd_low, price_per_share_usd_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated: 13 Nov 2026 (IST)

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Methodology & status definitions

How each row is labelled and calculated.

Closed round

A round the press reports as completed. Moonshot did not confirm these figures; the basis (pre- or post-money) is shown only where the source states it.

Valuation ÷ run-rate

Valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Moonshot has not announced a run-rate with a round; Bloomberg’s ARR figures are from sources, so no multiple is shown.

What is not a separate row

The 2023 seed/Series A (PitchBook figures only). A March 2026 report of further talks at a higher valuation, which we could not verify against an authority source. The planned IPO size. Founder share disputes and lawsuits.

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

13 Nov 2026: Dataset first compiled: six reported closed rounds, February 2024 to October 2026; confidential Hong Kong IPO filing noted.

Moonshot AI (Kimi) Funding Rounds & Valuation History