Country comparison
China vs Italy: startup funding compared
Since 6 June 2025, startups in China raised $28.3B across 64 rounds, 15.8 times Italy's $1.8B.
Capital raised running total by month
Where the money goes share of capital by sector
China
Italy
Biggest rounds
Stage mix share of rounds
Most active investors rounds joined
| Investor | China | Italy |
|---|---|---|
| CDP Venture Capital | · | 29 |
| Vento | · | 11 |
| 360 Capital | · | 8 |
| United Ventures | · | 8 |
| Qiming Venture Partners | 7 | · |
| IDG Capital | 6 | · |
| Italian Founders Fund | · | 6 |
| 5Y Capital | 5 | · |
| Club degli Investitori | · | 5 |
| Vento Ventures | · | 5 |
| Vertis SGR | · | 5 |
| Base10 Partners | · | 4 |
Startup hubs rounds and capital by city
China
Italy
Latest rounds
Questions
Which country raised more startup funding, China or Italy?
China. Since 6 June 2025, startups in China raised $28.3B across 64 rounds, against $1.8B across 117 rounds in Italy, 15.8 times more. That is 4.0% and 0.3% of all the capital FundraiseBase tracked worldwide over the period.
How many startup funding rounds were announced in China and Italy?
64 rounds in China and 117 rounds in Italy since 6 June 2025, about 4 and 7 a month.
Are startup rounds bigger in China or Italy?
The median round is $112M in China and $3.8M in Italy, and the average round $441M and $15.3M. The median shows the typical round; the average is pulled up by a few very large ones.
What is the biggest startup round in China?
The biggest startup rounds in China since 6 June 2025 are DeepSeek ($15B, 22 Oct 2026), Moonshot AI ($3.5B, Series F, 30 Jul 2026) and StepFun ($717M, 26 Jan 2026).
What is the biggest startup round in Italy?
The biggest startup rounds in Italy since 6 June 2025 are Exein ($270M, 15 Sept 2026), Bending Spoons ($270M, Growth, 30 Oct 2025) and AAVantgarde Bio ($141M, Series B, 3 Nov 2025).
Which sectors attract the most startup funding in China and Italy?
In China, AI ($23.8B, 84% of the capital), Robotics & Hardware ($2.1B, 8%) and Health ($765M, 3%) lead. In Italy, AI ($544M, 30% of the capital), Enterprise software ($358M, 20%) and Health ($335M, 19%) lead.
Is China or Italy better for early-stage startups?
Early-stage rounds (Pre-Seed, Seed and Series A) make up 27% of rounds in China and 57% in Italy. China recorded 6 Pre-Seed or Seed rounds and Italy 52 Pre-Seed or Seed rounds, with a median of $41.9M and $2.3M.
How much growth funding (Series B and later) goes to China and Italy?
Startups in China raised $6.1B in 19 Series B or later rounds, 22% of the country's capital. In Italy, $461M in 8 rounds, 26% of the capital.
Who are the most active startup investors in China?
Qiming Venture Partners (7 rounds, 2 led), IDG Capital (6 rounds, 5 led) and 5Y Capital (5 rounds) are the most active investors in China.
Who are the most active startup investors in Italy?
CDP Venture Capital (29 rounds, 10 led), Vento (11 rounds) and United Ventures (8 rounds, 6 led) are the most active investors in Italy.
Which investors back startups in both China and Italy?
No investor in FundraiseBase joined rounds in both countries yet.
Which cities lead startup funding in China and Italy?
Beijing leads China with $6.8B across 19 rounds, ahead of Shanghai ($1.2B). Milan leads Italy with $976M across 53 rounds, ahead of Rome ($381M).
Which month brought the most startup funding?
In China, October 2026 ($15.5B). In Italy, October 2025 ($474M).
How much did startups in China and Italy raise in the last 90 days?
In the 90 days to 12 Nov 2026, startups in China raised $17.2B across 13 rounds and in Italy $391M across 12 rounds.
Where does this data come from?
FundraiseBase lists startup funding rounds from public announcements: press releases, company posts and news coverage, checked and updated every day. Amounts are in US dollars. Some rounds are never announced, so the figures show what was made public, not every round. Corrections are welcome.