DeepSeek has restarted its second funding round, according to multiple market participants cited in the report. The large-model company is seeking to raise 50 billion yuan at a pre-money valuation of about 500 billion yuan, with signing planned for late August. Investors familiar with the process said the round had already been underway by at least mid-July before it was abruptly paused at the end of the month. At the time, some investors on the waiting list for negotiations were told that plans to sign financing agreements had been put on hold. A July 26 media report said one reason for the pause was founder Liang Wenfeng’s dissatisfaction with widely circulated online discussion tied to a suspected leak of an “investor meeting transcript.” The report added that DeepSeek and investors currently in talks want the restarted fundraising process to proceed quietly. Some institutions that had previously engaged actively said they still have not been informed that the round has resumed and that access remains paused.
DeepSeek has restarted its second funding round, according to multiple market participants cited in an Odaily report. The large-model company plans to raise 50 billion yuan at a pre-money valuation of about 500 billion yuan, with signing targeted for late August.
Several investors said DeepSeek’s second round had been underway by at least mid-July, but was abruptly paused at the end of July. At that point, some investors on the waiting list for negotiations were told that plans to sign financing agreements had been put on hold.
A media report published on July 26 said DeepSeek had suspended the second round. One reason, the report said, was founder Liang Wenfeng’s dissatisfaction with widely circulated online commentary surrounding a suspected leak of an “investor meeting transcript.”
The report also said DeepSeek and investors currently at the table want the fundraising process to keep a low profile after restarting.
For now, some investment institutions that had previously been in active contact said they have not received notice that DeepSeek has resumed the round, and that the channel remains paused.
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