Manus Raises $500M Series C+ Led by IDG Capital

Manus Secures $500M Series C+ Round

Manus, the general AI agent developed by parent company Butterfly Effect, has raised a $500 million Series C+ round. The funding was led by IDG Capital, with participation from Tencent, HSG (HongShan Capital/Sequoia China), ZhenFund, and Boyu Capital. The round closed on October 8, 2026.

What Manus Does

Manus is a general AI agent that plans and executes multi-step work through a chat interface and coding tools. Its capabilities span building apps and websites, creating designs and presentations, and producing video. The company's lineup pairs the Manus 2.0 platform, built on the in-house Cascade agent framework, with Cue, a personal AI agent app.

Traction and Recent History

Manus went viral after its March 2025 debut and relocated to Singapore in 2025. The company was reported to have surpassed $100 million in annual recurring revenue around the time of a proposed Meta acquisition. That deal, reportedly valued at roughly $2 billion, was blocked by Beijing, and Manus resumed independent operations in September 2026.

Acquisition Relevance

The new capital, combined with the company's reported ARR scale and its return to independent operations, positions Manus as a notable asset in the AI agent category. The Series C+ round provides runway following the terminated acquisition process and signals continued investor confidence from a syndicate that includes IDG Capital, Tencent, HSG, ZhenFund, and Boyu Capital.

Round Summary

• Company: Manus (parent: Butterfly Effect)
• Round: Series C+
• Amount: $500 million
• Currency: USD
• Date: October 8, 2026
• Lead investor: IDG Capital
• Participating investors: Tencent, HSG (HongShan Capital/Sequoia China), ZhenFund, Boyu Capital
• Stage: Series C+
• Domain: manus.im