MiniMax
About MiniMax
MiniMax is a AI Model Development startup based in Shanghai, China that has raised $1.1B in venture capital across 3 funding rounds since 2021. The company reached Public stage in June 2023 with a $250M round led by Tencent. MiniMax's investor base includes 8 institutional funds, with Tencent leading the most recent equity round.
MiniMax is a Shanghai-based AI foundation model company founded in December 2021 by former SenseTime researchers Yan Junjie, Yang Bin, and Zhou Yucong. The company develops multimodal AI models covering text, audio, video, and music generation — including the MiniMax M2.7 language model, Hailuo AI for video generation, Speech 2.8 for text-to-speech across 30+ languages, and Talkie, a character AI chat application. MiniMax's models and products have served over 236 million individual users and 214,000 enterprise clients across more than 200 countries. The company raised $1.15 billion in pre-IPO venture funding and listed on the Hong Kong Stock Exchange in January 2026.
MiniMax Funding Rounds Timeline
3 rounds · $1.1B raised · since 2021
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Series A | June 2023 | $250M | — | Tencent | Hillhouse Investment, HongShan, IDG Capital, ZhenFund, GL Ventures |
| Series B | March 2024 | $600M | $2.5B | Alibaba Group | Tencent, Hillhouse Investment, HongShan, IDG Capital, ZhenFund |
| Growth | July 2025 | $300M | $4B | Shanghai STVC Group | — |
Investors in MiniMax
8 institutional investors across 3 rounds
Lead investors
Co-investors
Recent news about MiniMax
1 signals tracked
- FundingMiniMax Boosts Capital for AI Expansion Post-IPOMay 11, 2026
Questions about MiniMax
How much has MiniMax raised?
MiniMax has raised $1.1B across 3 funding rounds since 2021.
Who are the investors of MiniMax?
MiniMax's investors include Tencent, Alibaba Group, Shanghai STVC Group, Hillhouse Investment, HongShan, IDG Capital, ZhenFund, GL Ventures.
When was MiniMax's last funding round?
MiniMax's most recent round was a $250M Series A in June 2023, led by Tencent.
What is MiniMax's valuation?
MiniMax reached a $4B valuation (unicorn status) with its Series A round in June 2023.
Where is MiniMax headquartered?
MiniMax is headquartered in Shanghai, China, and was founded in 2021 by Yan Junjie, Yang Bin, Zhou Yucong.