# DeepSeek: valuation, funding, and the secondary tape

## The short version

- Claimed valuation: $52.00B.
- Last priced round: $7.40B at $52.00B post-money.
- Secondary tape: $29.61 per share.
- New-money stake: 14.2%.

| instrument | value | as of | source |
|---|---|---|---|
| Claimed valuation | $52.00B |  | [source](https://www.reuters.com/legal/transactional/chinas-deepseek-raise-fresh-capital-74-billion-valuation-ahead-onshore-ipo-2026-07-15/) |
| Last priced round (filed/seeded) | $7.40B @ $52.00B post | 2026-06-30 | [source](https://www.reuters.com/legal/transactional/chinas-deepseek-raise-fresh-capital-74-billion-valuation-ahead-onshore-ipo-2026-07-15/) |
| Clarity (Hiive) tape | $29.61 | 2026-10-04 | [source](https://www.hiive.com/securities/deepseek-stock) |
| Napkin: new-money stake | 14.2% ($7.40B of $52.00B) | 2026-06-30 | [source](https://www.reuters.com/legal/transactional/chinas-deepseek-raise-fresh-capital-74-billion-valuation-ahead-onshore-ipo-2026-07-15/) |
111 Clarity prints since 2026-06-19

## Recent milestones

- 2026-10-06 - [Bloomberg (people-sourced; Tencent, CATL and DeepSeek all declined or did not comment) reports DeepSeek's second round is close to securing ](https://www.bloomberg.com/news/articles/2026-10-06/deepseek-to-raise-at-least-12-billion-in-tencent-backed-funding)
- 2026-10-06 - [Business Times (Bloomberg relay): DeepSeek originally targeted a ~CNY 50B raise at a ~CNY 500B valuation - demand after the V4-Flash launch ](https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/deepseek-raise-least-us12-billion-tencent-backed-funding)
- 2026-10-06 - [Bloomberg reported that DeepSeek is close to raising at least 80 billion yuan (about US$12 billion), exceeding its initial target of around ](https://whtc.com/2026/10/06/deepseek-to-raise-at-least-12-billion-in-tencent-backed-funding-bloomberg-news-reports/)

[marks](https://data.somen.ai/marks) | [napkin](https://data.somen.ai/napkin) | [scorecard](https://data.somen.ai/scorecard) | [all companies](https://data.somen.ai/companies)

*Derived from the SOMEN graph at render time. The arithmetic cannot lobby you.*