Manus seeks $4B valuation in new $500M fundraise as it resumes independent ops
Manus, which earlier this year had to break off a merger with Meta, is in discussions to raise $500M at a $4B valuation.
TL;DR
- Manus is in discussions to raise $500 million at a $4 billion valuation.
- Potential investors include IDG Capital, Boyu Capital, Contemporary Amperex Technology, Tencent, HSG, and Zhenfund.
- The company is considering a restructuring for a potential IPO in Hong Kong.
- Manus's prior $2 billion acquisition deal with Meta was blocked by Beijing due to potential violations of export controls and foreign investment rules.
- Manus resumed independent operations this month, with its founding team continuing to lead.
- The startup offers AI products and agents, including a chatbot and coding tools.