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Kimi Nears $2 Billion Funding Round at Post-Money Valuation Above $20 Billion

LatePost reports Meituan Longzhu is leading the financing, with China Mobile and CPE also participating in the deal.

Summary

Kimi is set to complete a $2 billion funding round that would value the company at more than $20 billion on a post-money basis, according to LatePost. The report says Meituan Longzhu is leading the round, while China Mobile and CPE are also participating. If completed as reported, the new financing would bring Kimi’s total fundraising to more than $3.9 billion in less than six months, highlighting the speed and scale of investor backing.

Terms & Concepts
  • Post-money valuation: A company’s value immediately after new investment capital has been added.
  • Funding round: A capital-raising event in which investors provide money to a company in exchange for ownership or other financial interests.