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Open Source China Funding, Investors & Competitors
Open Source China has raised $108M across 2 funding rounds, most recently a Series C in April 2026.
Last Open Source China funding round
Series C
Amount undisclosed · Apr 2026
Cumulative funding Open Source China raised
$108M
across 2 funding rounds
Key investors in Open Source China
Legend Capital
Lenovo Capital and Incubator Group (LCIG)
China Internet Investment Fund
FutureX Capital
Suzhou Innovation Investment Group
Shanghai Guotou Pioneer
Baker Capital
Jiuzhou Venture
About Open Source China
Open Source China operates as China's leading online community for open source software developers. The platform hosts repositories for thousands of projects, including Git hosting similar to GitHub, alongside news feeds on global open source trends. It features dedicated forums for technical discussions, Q&A sections modeled after Stack Overflow, collaborative translation projects for documentation, personal blogs, and curated software libraries. Launched in 2008 and headquartered in Beijing, the site draws millions of monthly active users primarily from mainland China. Community members organize events like the annual OSCON China conference and distribute podcasts on programming topics. Additional services cover job listings for developers and integration with tools like Maven Central for Java dependencies.
Founded
2011
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Advertising, Non-profit, Subscription
Open Source China Funding History
Open Source China has raised a total of $108M across 2 funding rounds.
Open Source China's first fundraising round was a $108M Series B in June 2023. The most recent completed round was a Series C in April 2026.
Open Source China funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2026 | Series C | Shanghai Guotou Pioneer (lead); Suzhou Innovation Investment Group; Lenovo Capital and Incubator Group (LCIG); China Internet Investment Fund; Jiuzhou Venture; Baker Capital; Legend Capital | - | - |
| Jun 2023 | Series B | FutureX Capital (lead) | $108M | OSChina, also known as Open Source China or OpenSource Consensus Tech, operates an open-source software developers’ community platform in China, categorized under Media. On June 27, 2023, it raised approximately $107 million in a Series B round led by FutureX Capital, with participation from Shanghai STVC Group, China Internet Investment Fund, and Winreal Investment, alongside strategic investors Baidu, Lenovo Group (via Legend Capital/Lenovo Capital & Incubator Group), Huawei Technologies, and China Mobile (Real First Capital). FutureX Capital, the lead investor, focuses on growth-stage technology investments in China, including big data, cloud computing, IoT, semiconductors, and smart manufacturing, which aligns with OSChina's open-source platform. The firm had recently closed its Fund II on $150M in July 2023. |
Who has invested in Open Source China?
8 investors have backed Open Source China across its funding rounds, including Legend Capital, Lenovo Capital and Incubator Group (LCIG), China Internet Investment Fund, FutureX Capital, Suzhou Innovation Investment Group and Shanghai Guotou Pioneer.
Lead investors include Shanghai Guotou Pioneer and FutureX Capital.
Open Source China Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Apr 2026 | ||
| 1 | Lead | Jun 2023 | ||
| 1 | Participant | Apr 2026 | ||
| 1 | Participant | Apr 2026 | ||
| 1 | Participant | Apr 2026 | ||
| 1 | Participant | Apr 2026 | ||
This data is available for Pro users. Sign up to see all 8 Open Source China investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialOpen Source China Competitors
Open Source China competitors include listed companies like Cloudflare, Datadog, Atlassian and MongoDB, and private ones like Anthropic and OpenAI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $47B | - | $965B | 20.5x | ||
| Private | $25B | - | $852B | 34.1x | ||
| Publicly listed | $2.2B | ($25M) | $119B | 44.3x | ||
| Publicly listed | $3.4B | ($588K) | $85B | 19.4x | ||
| Publicly listed | $6.6B | $142M | $49B | 7.2x | ||
| Publicly listed | $2.5B | ($104M) | $32B | 10.4x |
Open Source China Public Comps
Open Source China is still privately-owned, but its public comps include Cloudflare, Datadog, Atlassian, MongoDB, DigitalOcean, JFrog, GitLab, Justsystems, C3.ai and Progress Software.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.2B | ($25M) | 54.6x | 44.3x | (4653.4x) | 185.1x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
| $6.6B | $142M | 7.4x | 7.2x | 342.1x | 23.7x | |||
| $2.5B | ($104M) | 11.9x | 10.4x | (282.5x) | 49.6x | |||
| $901M | $343M | 18.2x | 14.9x | 47.9x | 37.7x | |||
| $532M | ($67M) | 20.3x | 17.4x | (159.9x) | 88.4x | |||
| $955M | ($82M) | 7.5x | 6.7x | (87.0x) | 44.3x | |||
| $331M | $156M | 3.1x | 3.2x | 6.7x | - | |||
This data is available for Pro users. Sign up to see all Open Source China competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Open Source China
| When was Open Source China founded? | Open Source China was founded in 2011. |
| Where is Open Source China headquartered? | Open Source China is headquartered in Shenzhen, China. |
| Is Open Source China publicly listed? | No, Open Source China is a private, VC-backed company. |
| How much funding has Open Source China raised? | Open Source China has raised $108M across 2 funding rounds. |
| What was Open Source China's last funding round? | Open Source China's last funding round was a Series C in April 2026, led by Shanghai Guotou Pioneer. |
| Who are Open Source China's investors? | Open Source China's investors include Suzhou Innovation Investment Group, FutureX Capital, Lenovo Capital and Incubator Group (LCIG), China Internet Investment Fund, Jiuzhou Venture, Baker Capital, Legend Capital and Shanghai Guotou Pioneer. |
| Which companies are comparable to Open Source China? | Companies comparable to Open Source China include Anthropic, OpenAI, Cloudflare, Datadog, Atlassian and MongoDB. |
See companies similar to Open Source China
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