Funding
Manus Raises $500M+ After China Killed Its $2B Meta Deal
Manus's parent company Butterfly Effect raised more than $500 million in a round led by Boyu Capital and IDG Capital, with Tencent and HSG also in. It's the agent startup's first round since Chinese authorities forced Meta to call off its $2 billion acquisition. Manus did not disclose its valuation.
Key facts
- Manus's parent company Butterfly Effect announced the raise in a WeChat post; Boyu Capital and IDG Capital led the round.
- Chinese authorities ordered Manus in April to unwind its $2 billion acquisition deal with Meta.
- Manus did not disclose its valuation; it was earlier said to be in talks to raise at a $4 billion valuation.
Sources
- Original reportTechCrunch techcrunch.com
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