Choose Rich Live
Tech

Manus parent Butterfly Effect raises over $500 million in first round since Meta breakup

AI startup Manus and its parent company, Butterfly Effect, have secured more than $500 million in fresh funding led by Boyu Capital and IDG Capital following the collapse of a buyout by Meta.

Butterfly Effect, the parent company of Chinese artificial intelligence startup Manus, has raised more than $500 million in a new funding round, according to reports from CNBC and Nikkei Asia. The investment marks the company's first round of financing since Meta was forced to unwind its acquisition of Manus.[2][3][4][5]

The round was led by Boyu Capital and IDG Capital, with participation from existing shareholders including Tencent, ZhenFund, and HSG, formerly known as Sequoia China, TechCrunch reported. Neowin reported that while no official valuation has been announced, estimates place the company's valuation at around $4 billion.[1][3][5]

Key facts

  • Butterfly Effect, the parent company of Chinese AI startup Manus, raised over $500 million in fresh funding.
  • The round was led by Boyu Capital and IDG Capital.
  • Existing shareholders Tencent, ZhenFund, and HSG (formerly Sequoia China) also participated.
  • The deal is the company's first financing round since Meta was forced to unwind its Manus buyout.
  • No official valuation was announced, but estimates place Manus' valuation at around $4 billion.

Sources · 5 sources

  1. TE

    TechCrunch@TechCrunchPost on X ·

    Boyu Capital and IDG Capital led the funding round, and existing shareholders Tencent, HSG (formerly known as Sequoia China), ZhenFund and others also participated. https://t.co/qwYQGT8yZs

    Open source
  2. NA

    Nikkei Asia@NikkeiAsiaPost on X ·

    Chinese AI startup Manus drums up over $500m in fresh funding https://t.co/f9DZPo9cab

    Open source
  3. TE

    Techmeme@TechmemePost on X ·

    Manus' parent Butterfly Effect says it raised $500M+, led by Boyu Capital and IDG Capital, in its first funding since Meta was forced to unwind its Manus buyout (@anniekbyx / CNBC) (Visit Techmeme dot com for the link and full context!)

    Open source
  4. CN

    CNBC@CNBCPost on X ·

    AI startup Manus raises $500 million in first funding round since Meta breakup https://t.co/gJqFutZCNC

    Open source
  5. NE

    NeowinFeed@NeowinFeedPost on X ·

    We still don't have official word on Manus' new valuation, but estimates put it at around $4 billion. This is the first funding round since the Meta-Manus acqusition fell apart. #Manus #Funding #Meta https://t.co/kYwDeIWhH8

    Open source