Manus raises more than $500 million in its first financing round since splitting from Meta
China’s Manus raises over $500M in first funding round since split with Meta
What happened
Manus parent company Butterfly Effect said in a WeChat announcement that it had raised more than $500 million. This is its first financing round since Meta was forced to cancel its $2 billion acquisition. The round was led by Boyu Capital and IDG Capital, with existing investors including Tencent, HSG, and ZhenFund participating.
Reported by 2 sources
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