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Ant Group-backed OceanBase under Alibaba’s support launches first external fundraising
OceanBase, a unit under Ant Group, is currently in talks with investors for a Series A round of financing. It has already reached out to multiple leading investment institutions, with an intended fundraising size of about 2 billion to 3 billion yuan.
Insiders say that by 2026, OceanBase’s annualized revenue has already exceeded 1.4 billion yuan, up about 70% year over year.
Previous news: On July 21, Ant International announced it had completed its Series A financing, with the round amount at about $1.2 billion. Ant Group and some existing shareholders including Alibaba, as well as multiple internationally well-known investment institutions, participated in this round.