DeepSeek said on July 25 that it has paused its second fundraising round and has verbally informed some prospective investors that it will not sign investment agreements as previously expected. The pause was attributed in part to founder Liang Wenfeng’s dissatisfaction with online reports about remarks he made to investors during the company’s first financing transaction. The company may still resume the deal process at a later stage. At the same time, DeepSeek has already begun preparing for an initial public offering, with a filing possible as early as this year. The update points to a temporary halt in the fundraising timeline rather than a definitive end to the process, based on the information disclosed so far.
DeepSeek said on July 25 that it has paused its second funding round and has verbally told some potential investors that it will not sign investment agreements on the previously expected timeline.
The pause was due in part to founder Liang Wenfeng’s dissatisfaction with online coverage of remarks he made to investors during the company’s first financing deal. DeepSeek may still restart the transaction process later. The company has also begun preparing for an initial public offering, and the filing could come as early as this year.
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