Startup funding in Hong Kong 2026
January to September 2026. Data as of 23 October 2026.
Release
Total
Startups in Hong Kong raised $1.7B in 70 venture rounds from January to September 2026, 15th of 119 countries, according to FundingWatcher.
Without rounds of $100M or more
5 rounds of $100M or more hold 72.8% of that money. Without them, Hong Kong raised $455M, 21st of 119 countries.
Largest round
The largest round was VAST in Hong Kong: $446M, Series B, in September 2026.
Cities
Hong Kong startups raised $1.1B, 65.7% of the national total, ahead of Sheung Wan with $222M.
Early stage
Pre-seed, seed, angel and Series A rounds under $100M: 56 rounds, $248M.
Source
Source: FundingWatcher, startup funding by country and city 2026, https://fundingwatcher.com/research/startup-funding-by-country-2026/
Cities
| City | Rounds | Total | Under $100M | Rounds of $100M+ |
|---|---|---|---|---|
| Hong Kong | 50 | $1.1B | $251M | 3 |
| Sheung Wan | 3 | $222M | $2M | 1 |
| Kwun Tong | 2 | $163M | $13M | 1 |
| Central and Western | 1 | $50M | $50M | 0 |
| Wan Chai | 3 | $46M | $46M | 0 |
| Sha Tin | 1 | $30M | $30M | 0 |
| Admiralty | 1 | $28M | $28M | 0 |
| Kowloon City | 3 | $23M | $23M | 0 |
| Tsuen Wan | 2 | $12M | $12M | 0 |
| Cyberport | 1 | $500K | $500K | 0 |
| Causeway Bay | 1 | $0 | $0 | 0 |
| New Territories | 1 | $0 | $0 | 0 |
Largest rounds
| Company | City | Round | Date | Amount |
|---|---|---|---|---|
| VAST | Hong Kong | Series B | 2026-09-01 | $446M |
| Qupital | Hong Kong | Series C | 2026-09-14 | $300M |
| WeLab | Sheung Wan | Series D | 2026-01-15 | $220M |
| Even Realities | Kwun Tong | Series B | 2026-07-06 | $150M |
| ALLYRNA Pharmaceuticals | Hong Kong | seed | 2026-08-26 | $100M |
| SignalPlus | Central and Western | Series B | 2026-05-20 | $50M |
| Xuntu Technology | Hong Kong | Series B | 2026-09-10 | $45M |
| August Robotics | Sha Tin | Series B | 2026-05-21 | $30M |
| Maximum | Hong Kong | seed | 2026-08-03 | $30M |
| Urtopia | Wan Chai | Series B | 2026-06-29 | $29M |
Method
70 rounds in Hong Kong in the FundingWatcher startup file: companies whose most recent round is a named stage, pre-seed and angel through Series J, dated January to September 2026. One round per company, the latest. Debt, grants, corporate rounds, private equity and secondary sales are not counted. 46 of the 70 rounds carry an amount. Method and data files: startup funding by country and city, 2026.
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