# Snowball Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/snowball-finance

- Industry: Financial Services
- Headquarters: Beijing, China
- Website: http://www.xueqiu.com
- Total disclosed funding: $173M
- Latest round: Series E (Dec 5, 2020)
- Investors on record: 6

## About

Based in Beijing, China and established in 2010, Snowball Finance owns and operates online platforms that provide stocks quotes, business news and analysis reports for Chinese companies listed in the United States.

It is a registered investment advisor and provides services in advisory services to individuals, high-net-worth individuals and corporations and institutional clients.

## Funding rounds

- Series E, Dec 5, 2020, $120M — Orchid Asia Group
- Series C, Sep 12, 2014, $40M — 5Y Capital, Renren Inc.
- Series B, Jun 1, 2013, $10M — Hong Shan, 5Y Capital
- Series A, Jun 27, 2011, $3.1M — Hong Shan
- Angel, Jun 1, 2010 — Future Capital Discovery Advisory (Hong Kong) Limited, Manzi Venture Capital

## Investors

- Future Capital Discovery Advisory (Hong Kong) Limited (https://capitalatlas.ai/funds/future-capital-discovery-advisory-hong-kong-limited) — Angel
- Manzi Venture Capital — Angel
- Hong Shan — Series A, Series B
- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Series B, Series C
- Renren Inc. — Series C
- Orchid Asia Group (https://capitalatlas.ai/funds/orchid-asia-group) — Series E