Manus raises $500M after losing planned $2B-plus Meta deal
Juthamas Manus/iStock via Getty Images
Chinese AI startup Manus raised more than $500M in a funding round led by Boyu Capital and IDG Capital, marking its first major fundraise since China blocked Meta Platforms’ (META) planned $2B-plus acquisition of the company.
Butterfly Effect, Manus’ parent company, said existing investors Tencent (TCEHY), HSG, and ZhenFund also participated in the round.
The company did not disclose its latest valuation or how it plans to use the proceeds but said it would continue hiring in China and internationally.
Meta (META) announced the deal in December 2025 after Manus, which was founded in China, relocated its operations to Singapore. Manus subsequently resumed independent operations.
The latest funding follows reports in September that Manus was seeking to raise $500M at a $4B valuation, which would be roughly double the value of the proposed Meta (META) transaction. However, the valuation has not yet been confirmed.
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