What is Mi?
Founded in 2010 and headquartered in Beijing, China, Mi (Xiaomi) is a prominent internet company that offers a comprehensive suite of hardware, software, and internet services. The company operates across several key segments, including Smartphones, IoT and Lifestyle Products, Internet Services, and Others. Mi has established a significant footprint both domestically in Mainland China and internationally, positioning itself as a key player in the global technology market. Its diverse product ecosystem and integrated service offerings contribute to its robust market position.
How much funding has Mi raised?
Mi has raised a total of $4.6B across 8 funding rounds:
Series A
$41M
Series B
$90M
Series C
$216M
Series D
$1B
Other Financing Round
$1.1B
Debt
$1B
Debt
$1.2B
Unspecified
$3M
Series A (2010): $41M with participation from Qiming Venture Partners, IDG Capital Partners, and Morningside Ventures
Series B (2011): $90M led by IDG Capital Partners, Temasek Holdings, Qualcomm Inc., Qiming Venture Partners, and Morningside Ventures
Series C (2012): $216M supported by Morningside Group, Green Bay Ventures, and Qiming Venture Partners
Series D (2014): $1B featuring All-Stars Investment, GIC, Yunfeng Capital, and DST Global
Other Financing Round (2014): $1.1B backed by GIC, Yunfeng Capital, DST Global, and All-Stars Investment
Debt (2017): $1B, investors not publicly disclosed
Debt (2021): $1.2B, investors not publicly disclosed
Unspecified (2021): $3M supported by NUIG, Manna, and ÉireComposites
Key Investors in Mi
Morningside Group
Morningside Group is recognized for its excellence in urban development, focusing on high-quality residential, retail, and commercial projects. Their commitment to design and environmental standards enhances community aesthetics and pride.
Green Bay Ventures
Green Bay Ventures is a San Francisco-based venture capital firm that invests in world-class entrepreneurs, backed by prominent families. They focus on identifying and nurturing innovative startups.
Qiming Venture Partners
Qiming Venture Partners is a leading investment firm that backs entrepreneurs in the technology and healthcare sectors. They are known for their deep industry expertise and extensive network.
What's next for Mi?
The recent major strategic investment signals Mi's intent to further scale its operations and potentially explore new market opportunities or technological advancements. Given its history of enterprise-level funding, the company is likely focused on expanding its global reach, enhancing its product innovation, and strengthening its service offerings. This strategic financing will undoubtedly fuel its ongoing development and competitive endeavors in the dynamic tech industry.
See full Mi company page
