Xiaomi will close a new round of funding by the end of this month, at a valuation bigger than $9 billion, Huxiu, a local business news platform, reported yesterday.
By now the company has raised three rounds, according to former reports,
- $41 million in Series A was closed at the end of 2010, with $30 million from Morningside, Qiming Ventures, and IDG, and $11 million from 56 Xiaomi employees, at a valuation of $250 million.
- $90 million in Series B was closed in December of 2011, at a valuation of $1 billion. This round was contributed by Temasek Holdings, SHUNWEI and Qualcomm, and existing investors, Morningside, Qiming Ventures, and IDG.
- Valued at $4 billion, the company announced $216 million new funding in June 2012.