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Top 50 B2B VC Funds & Investors in China (August 2026)

The most active venture capital funds investing in China B2B startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China B2B startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Buhuo Ventures
VC Fund
6 China Series A, Seed, Angel Food and Beverage, E-Commerce, B2B $140k–$16M
Source Code Capital
VC Fund
6 China, United States, Singapore Series B, Series A, Series C Artificial Intelligence, Software, Manufacturing $2.3M–$200M
01VC
VC Fund
5 China, Hong Kong, United States Series A, Seed, Angel E-Commerce, Information Technology, Logistics $120k–$14M
IDG Capital
VC Fund
3 China, United States, India Series A, Series B, Series C Software, Internet, E-Commerce $3M–$310M
Horizon capital
VC Fund
3 China Angel, Series A, Venture - Series Unknown Farming, Agriculture, B2B $1.4M–$1.4M
QF Capital
VC Fund
3 China, Hong Kong, United States Series A, Angel, Seed Artificial Intelligence, E-Commerce, Software $425k–$20M
Matrix Partners China
VC Fund
3 China, United States, Singapore Series A, Series B, Seed Health Care, Software, Artificial Intelligence $2.8M–$137M
Ferry Venture Capital
VC Fund
3 China, United States Seed, Series A, Angel Information Technology, Manufacturing, Software $68k–$4.7M
Amphora Capital
VC Fund
3 China, United States Series A, Angel, Seed Manufacturing, Health Care, Service Industry $425k–$105M
GSR United Capital
VC Fund
3 China, United States, Singapore Series A, Seed, Series B Manufacturing, Robotics, Artificial Intelligence $98k–$50M
Kaiwu Capital
VC Fund
3 China, United States Series A, Angel, Seed B2B, Medical, Real Estate $425k–$14M
Artesian VC
VC Fund
2 Australia, United States, Hong Kong Seed, Series A, Pre-Seed Software, Artificial Intelligence, Health Care $70k–$15M
Eastern Bell Capital
VC Fund
2 China, Hong Kong, Singapore Series A, Series B, Series C E-Commerce, Manufacturing, Artificial Intelligence $7.1M–$270M
Northern Light Venture Capital
VC Fund
2 China, United States, South Korea Series A, Series B, Seed Health Care, Medical, Biotechnology $1.3M–$100M
Welight Capital
VC Fund
2 China, United States, Hong Kong Series A, Series B, Seed E-Commerce, Software, Information Technology $1.4M–$50M
Telescope Investment
VC Fund
2 China, Nigeria, Australia Series A, Angel, Series B E-Commerce, Information Technology, Fashion $67k–$11M
Qianhai Fund of Funds
VC Fund
2 China, Japan, Canada Series A, Series B, Series C Manufacturing, Health Care, Software $1.4M–$126M
Ventech China
VC Fund
2 China, Singapore, United States Series A, Series B, Seed E-Commerce, Retail, Internet $1.4M–$52M
SOSV
VC Fund
2 United States, India, United Kingdom Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software
SR Capital
VC Fund
2 China, United States Series A, Angel, Series B Manufacturing, E-Commerce, Electronics $425k–$46M
Shunwei Capital
VC Fund
2 China, United States, India Series A, Series B, Series C Manufacturing, Software, Internet $1.4M–$130M
Tsinghua Holdings Capital
VC Fund
2 China, United States, Hong Kong Series A, Angel, Series B Manufacturing, Artificial Intelligence, Robotics $425k–$296M
Plum Ventures
VC Fund
2 China, United States, Hong Kong Series A, Angel, Seed E-Commerce, Manufacturing, Software $425k–$28M
Hejin Touzi
VC Fund
2 China Angel, Series A B2B, Retail, E-Commerce
Marathon Venture Partners
VC Fund
2 China, United States, Hong Kong Series A, Series B, Seed Health Care, Medical, Biotechnology $1.4M–$142M
SIG China (SIG Asia Investments)
VC Fund
2 China, United States, Japan Series B, Series A, Series C Software, E-Commerce, Artificial Intelligence $3M–$134M
Electronic Soul Ventures
VC Fund
2 China, India Angel, Series A E-Commerce, Media and Entertainment, Art $425k–$2.8M
Redpoint Ventures China
VC Fund
2 China, United States, Singapore Series A, Series B, Seed Software, Information Technology, Artificial Intelligence $1.5M–$120M
TAL Education Group
VC Fund
2 China, United States, India Series A, Angel, Series B Education, E-Learning, EdTech $61k–$45M
Galaxy Internet
VC Fund
1 China Seed, Series A, Angel Internet, Software, B2B
Crystal Stream Capital
VC Fund
1 China, United States, Egypt Series A, Series B, Seed E-Commerce, Fashion, Internet
Sumitomo Corporation Equity Asia
VC Fund
1 China, Japan, Malaysia Series A, Series B, Series C Health Care, Logistics, B2B
Hengxu Capital
VC Fund
1 China, France Series A, Series B Manufacturing, Biotechnology, Health Care
Suzhou Zhongxin Innovation Investment Management
VC Fund
1 China Seed, Series A B2B, Oil and Gas, Semiconductor
Youxiping
VC Fund
1 China Series A B2B, Automotive, E-Commerce
Topsailing Capital
VC Fund
1 China Series A, Angel, Seed Agriculture, Farming, Information Technology
Hainan Baohua Industrial
VC Fund
1 China Series A B2B, E-Commerce
Yudao Ziben
VC Fund
1 China Angel B2B, Precious Metals, Supply Chain Management
Hangzhou Zhenhao Investment Management Partnership
VC Fund
1 China B2B
Xueersi
VC Fund
1 China Seed, Angel B2B, EdTech, Mobile
Zhengxuan Investment
VC Fund
1 China Series A, Angel, Seed Software, Manufacturing, Information Technology
Ceyuan Ventures
VC Fund
1 China, United States, Singapore Series A, Series B, Angel Software, Internet, E-Commerce
Hundsun Technologies
VC Fund
1 China, Singapore, United States Series A, Series B, Angel Software, Financial Services, Finance
Hundreds Capital
VC Fund
1 China Seed, Angel, Series C Semiconductor, Information Services, Mobile Devices
Puhua Capital
VC Fund
1 China, United Kingdom, United States Series A, Series B, Angel Health Care, Medical, Biotechnology
Woofoo Capital
VC Fund
1 China Series A, Series B Education, E-Learning, B2B
WestSummit Capital
VC Fund
1 United States, China, Canada Series A, Series C Software, Mobile, Semiconductor
Addor Capital
VC Fund
1 China, Hong Kong, United States Series A, Series B Manufacturing, Electronics, Semiconductor
Shenwan Investment Fund
VC Fund
1 China Series A B2B, Oil and Gas, Semiconductor
Junsan Capital
VC Fund
1 China Series A, Seed, Series B Manufacturing, Software, Information Technology
Access all 363 VC funds in China B2B startups.

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Investor list

Buhuo Ventures
VC Fund · Beijing, Beijing, China · 6 investments in China B2B startups

Buhuo Ventures invests in early and growing TMT and innovative consumer sectors.

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Investment focus

  • Industry: Food and Beverage, E-Commerce, B2B
  • Stage:Series A, Seed, Angel
  • Geography: China

Investor stats

  • Total investments: 43
  • Round size: Seed $140k–$3.2M; Angel $425k–$1.6M; Series A $3M–$16M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $243M in 2021

Portfolio highlights

  • Tustin — Tustin focuses on "hand-rolled and grilled" items such as spicy chicken drumsticks and grilled pineapple burgers.
  • Shala Shike — Shala Shike is a supply chain technology company that focuses on catering, dining, salad carving service, cold chain distribution, and smart machine unmanned sales services.
  • China Model Group — China Model Group is a network of systems for material management. By maximizing the mismatch of assets and enhancing industrial productivity, it enables the standardization, digitization, and financialization of the commercial formwork sector at the level of formwork practitioners. General contracting services are provided by a platform thatbrings together industry resources to guarantee that industry practices are followed during project construction. This platform also uses digital innovation capabilities to enhance industrial efficiency and lower construction costs.
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Source Code Capital
VC Fund · Chaoyang, Liaoning, China · 6 investments in China B2B startups

Founded in 2014, Source Code Capital is a leading China VC focused on the broad TMT sectors and investing in both early stage start-ups and growth stage companies. With $1.5 billion and RMB 3.5 billion under management, Source Code Capital has been successfully partnering with close to 150 leading Chinese technology founders since inceptionincluding Bytedance, Meituan, Homelink, among many others. Source Code is focused on the “Big 3” fundamental drivers, which are Internet+, AI+, and Global+ , and invests along sectors such as media and entertainment, consumer services, enterprise, finance, retail, transportation, housing, education, and healthcare.

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Investment focus

  • Industry: Artificial Intelligence, Software, Manufacturing
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 286
  • Round size: Series A $2.3M–$50M; Series B $14M–$120M; Series C $32M–$200M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $580M in 2021

Portfolio highlights

  • YQN — YQNLink specializes in digital logistics, providing a comprehensive suite of international logistics services. This includes sea freight, air freight, rail freight, and multimodal transportation solutions. With a focus on leveraging digital technology, YQNLink aims to enhance supply chain transparency and efficiency, making shipping processessimpler for businesses. The company offers consultative services to tailor logistics solutions to specific business needs, ensuring a streamlined and effective logistics strategy. YQNLink's acquisition of COPE, a cross-border e-commerce logistics firm, further expands its capabilities in serving the e-commerce sector.
  • Meshy AI — The #1 3D GenAI platform—trusted by millions worldwide. The ONLY 3D AI tool featured in A16Z's 2024 AI Tools Survey.
  • handheld DPM — Handheld Auxiliary Materials is a B2B mall for decoration auxiliary materials. The platform directly connects with manufacturers or first-tier suppliers to purchase more than a thousand commonly used building auxiliary materials into warehouses. After the order is placed on the platform, the handheld assistant will send a professional team tofollow up to confirm the goods, prices, specifications and other information. After completion, the handheld accessories will be shipped from its own warehouse, and will be responsible for logistics and transportation, and deliver the accessories to the site designated by the foreman The settlement will be carried out on the spot, under the control of Meicai (Wuhan) Technology Co., Ltd.
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01VC
VC Fund · Shanghai, Shanghai, China · 5 investments in China B2B startups, 12 in the past 12 months

01vc is a venture capital firm focused on making early-stage investments in mobile internet and marketplace startups such as trading platforms, enterprise service, SaaS, logistics, mobile internet-related finance, e-commerce, and B2B. The firm also invests in the Southeast Asia market. 01vc was established in 2014 and is based in Shanghai, China.

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Investment focus

  • Industry: E-Commerce, Information Technology, Logistics
  • Stage:Series A, Seed, Angel
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 75
  • Round size: Seed $120k–$14M; Angel $283k–$1.4M; Series A $1M–$11M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — raised $60M in 2022

Portfolio highlights

  • MORROR ART — MORROR ART combines aural and visual art, incorporates display technology into speaker devices, and designs lyrical speakers that are compatible with home decor.
  • 3S robotics — 3S robotics is an intelligent robotics technology company with an independent core supply chain. 3S Robotics is a subsidiary of the listed Harbin Institute of Technology Intelligent Technology Co., Ltd.
  • Guangxiang Technology — Guangxiang Technology is dedicated to empowering industrial scenarios through embodied intelligence technology. The company has developed a general-purpose embodied intelligence development platform, centered around its core GOPS platform, to drive innovation and intelligent transformation in industrial applications.
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IDG Capital
VC Fund · Beijing, Beijing, China · 3 investments in China B2B startups

IDG Capital is a global investment firm partnering with founders to build enduring businesses through capital, expertise, and long-term support.

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Investment focus

  • Industry: Software, Internet, E-Commerce
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, India

Investor stats

  • Total investments: 826
  • Round size: Series A $3M–$122M; Series B $8.5M–$142M; Series C $15M–$310M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Hypershell — An exoskeleton innovator reshaping lifestyles and enabling technology to empower life.
  • Bivision — Biovision Pharma is a biomedical enterprise focusing on the research and development of targeted radiopharmaceuticals (TRT) integrated with visual diagnosis and treatment.
  • Youxi Film Hotel — Youxi Film Hotel which is a hotel in China that combines the perfect combination of hotel and movie IP. It is also a movie hotel theme, combining film derivative industry, movie theme social space and film shooting. An integrated creative culture complex; dedicated to creating a Chinese-style movie and hotel cross-border experience hotel, breakingthrough the traditional overnight function of a traditional hotel, creating the ultimate movie experience for young people with a mindset.
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Horizon capital
VC Fund · Shenzhen, Guangdong, China · 3 investments in China B2B startups

Horizon capital is committed to investing in the agricultural track.The company continues to focus on investing in technology companies in the agricultural industry chain, mainly including research and development of biological fertilizers, biological pesticides, breeding and artificial agricultural machinery and equipment.

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Investment focus

  • Industry: Farming, Agriculture, B2B
  • Stage:Angel, Series A, Venture - Series Unknown
  • Geography: China

Investor stats

  • Total investments: 13
  • Round size: Series A $1.4M–$1.4M
  • Lead/follow: 77% lead, 23% follow

Portfolio highlights

  • Tussun — Tussun delivers intelligent feeders and feeding management systems to large-scale pig farming and breeding operations.
  • Different Bubbles — Different Bubbles is a sparkling tea brand that offers a wide range of beverages with tea aroma, bubbles, and fruit flavors.
  • Heshun Agriculture — Heshun Agriculture is an industrial sprout producer. It produces sprouts on a large scale using only pure hydroponics and no other ingredients. To increase the quality and quantity of sprouts, it uses a wide range of cutting-edge, modern production technology.
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QF Capital
VC Fund · Shenzhen, Guangdong, China · 3 investments in China B2B startups

QF Capital is a fund management company that focuses on private equity investments.

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Investment focus

  • Industry: Artificial Intelligence, E-Commerce, Software
  • Stage:Series A, Angel, Seed
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 161
  • Round size: Seed $1.4M–$15M; Angel $425k–$14M; Series A $1.4M–$20M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Tianlin — Tianlin Holdings provides robotic intelligent construction services, with a focus on creating an ecosystem that includes intelligent construction robots, green building materials, and intelligent construction digital platforms.
  • T-chef Tech — T-chef Tech is a robotic company that focuses on smart kitchen, 9D kitchen safety models, food safety application, and fast-food chains.
  • Yaozheng Quantum Technology — UnitQC is a China‑based quantum technology company focused on trapped‑ion quantum computing systems and related products.
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Matrix Partners China
VC Fund · Beijing, Beijing, China · 3 investments in China B2B startups

Matrix Partners China builds long-term relationships with entrepreneurs and helps them build significant, industry-leading companies.Since its inception in 1977, Matrix Partners China has made hundreds of investments and played an active role in the development of many successful businesses, 50 of which went on to IPO, and 75 of which have goneon to profitable M&A events. The firm consistently ranks in the top venture firms in terms of returns to its investors.Matrix Partners China combines local knowledge with global experience and vision. Its team consists of both former entrepreneurs and experienced investors. Its past successes include Focus Media, Eachnet, and Baidu, among others. The company invests across multiple sectors and stages.

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Investment focus

  • Industry: Health Care, Software, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 498
  • Round size: Seed $2.8M–$98M; Series A $3M–$61M; Series B $10M–$137M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Lexin — LexinFintech Holdings is an online consumer finance platform for educated young adults in China. As one of China's leading financial technology companies, Lexin integrates its e-commerce-driven installment finance platform, Fenqile, with advanced risk management technologies, the Company's Dingsheng online investment platform, and theCompany's Juzi Licai online investment platform for individual investors, to create a comprehensive consumer finance ecosystem. The Company utilizes technologies including big data, cloud computing and artificial intelligence to enable the near-instantaneous matching of user funding requests with offers from the Company's more than 30 funding partners, which include commercial banks, consumer finance companies, and other licensed financial institutions. By serving the credit needs of China's educated young adults, Lexin helps its more than 20 million registered users to enjoy a better quality of life through the use of better credit.
  • Camera360 — Camera360 is a professional but easy-to use App for photo editing and selfie retouching. Tag #camera360
  • Liepin — Liepin is the largest and most professional high-end talent community-based recruitment site, with its innovative products and unique service model model for create an interactive high-end talent recruitment platform between business, headhunting and workplace. Tens of thousands of professional executive search consultant for businesses and jobseekers set up communication between the bridge and accelerate corporate recruitment process, recommended paying jobs in the workplace, career development planning. 16 job seekers to avoid the risk of privacy protection, millions of high-end elite member libraries, help enterprises development needs.
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Ferry Venture Capital
VC Fund · Shanghai, Shanghai, China · 3 investments in China B2B startups

Ferry Venture Capital is an early-stage venture capital firm focused on building companies in the new technology industry. The firm invests in early-stage companies in three broad areas, mainly in Information Technology & Artificial Intelligence (IT & AI), Enterprise Services & Technology, and Consumer & Entertainment.FerryVenture Capital was founded in 2010 and is based in Shanghai, China.

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Investment focus

  • Industry: Information Technology, Manufacturing, Software
  • Stage:Seed, Series A, Angel
  • Geography: China, United States

Investor stats

  • Total investments: 61
  • Round size: Seed $425k–$425k; Angel $68k–$1.3M; Series A $1.4M–$4.7M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Jishi yu — Jishi yu focuses on offering a multi-platform/multi-channel centralized and unified intelligent customer care SaaS platform for cross-border e-commerce sellers, with the goal of meeting the needs of foreign enterprise channel acquisition, customer operation, and brand management.
  • Zhihui Robot — Zhihui Robot is a research and development company that makes intelligent spraying robots. Zhihui Robot is a cutting-edge technological business specializing in the research, manufacture, sale, and use of special intelligent spraying robots.
  • Daochong Technology — Daochong Technology is a tech firm that does R&D, production and sales of high-power smart wireless charging systems.
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Amphora Capital
VC Fund · Beijing, Beijing, China · 3 investments in China B2B startups

Amphora Capital is a venture capital firm specializing in startup, early stage and growth capital investments. The firm typically invests in mobile internet, which includes internet+, consumer upgrade, industrial upgrade, mobile roaming, education, internet finance, and new media. It also invests in big health, which includes precision medicine foranti-cancer, chronic disease, and anti-aging biomedicine. The firm seeks to invest in companies based in Silicon Valley.

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Investment focus

  • Industry: Manufacturing, Health Care, Service Industry
  • Stage:Series A, Angel, Seed
  • Geography: China, United States

Investor stats

  • Total investments: 40
  • Round size: Seed $425k–$2.9M; Angel $425k–$1.6M; Series A $1.4M–$105M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Bosin Technology — Bosin Technology is a heavy-duty gantry robot manufacturer.
  • Hengjing New Energy — Hengjing New Energy designs manufactures, and sells FNC heat treatment of brake discs.
  • Crystalline semiconductor — Jingdu Semiconductor is a provider of integrated circuit packaging and testing services. It focuses on wafer production technology research, has advanced wafer bumps and integrated circuit packaging and testing production lines, and is involved in professional packaging, testing services, gold bump construction, COF, COG, and other advancedpackaging production processes.
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GSR United Capital
VC Fund · Beijing, Beijing, China · 3 investments in China B2B startups

"Founded in 2009, GSR United Capital focuses on equity investment in high-tech industries, focusing on investment and M&A opportunities in advanced manufacturing, next-generation information technology, industrial Internet/digital enterprise services and other fields. GSR United Capital manages both RMB master funds and industrialfunds established with local governments. Since its establishment, GSR United Capital has received strong support from China's top market-oriented mother fund, government-guided fund, wealth management institutions, global 500 enterprises, listed companies and other institutions. Among them, investors with state capital background include Guochuang Yuanhe, Guochuang Kaiyuan, SDIC Unity Capital, China Merchants Venture, Suzhou Fund, Nanchang Industrial Control, Weifang Financial Holding Group, Dongguan Dongcheng, Zhangjiagang Jincheng Investment & Development Co., ltd, etc. Suzhou GSL Venture Capital Management Company, founded in 2011, is a private equity fund manager of the comprehensive fund of GSR United Capital (referred to as "" GSR United Capital ""), and completed the registration of private equity fund manager on May 20, 2014, with the serial number P1002246.""A+ stage is the main stage, the middle and late stage is the auxiliary"" The company focuses on equity investment in high-tech industry, focusing on the strategy of ""A+"" stage, with a capital allocation ratio of 60%. The project in this stage is between ""engineering"" and ""scale commercialization"", which is the ideal range of ""bargaining power"" and can win a high proportion of relative returns. At the same time, 40% of the project will be allocated in the middle and late stages. The middle and late stages refer to enterprises with IPO expectations within 2-3 years, and the investment will be completed within 60 months in the early stage of the fund investment period (exit will start in the third and fourth years), which will be used as the basic plate for anchoring returns.GSR United Capital has invested in more than 100 high-tech start-ups, including Great Wisdom Software (financial information terminal, 601519), eCARBON (high thermal conductivity graphite heat dissipation material, 603133), TZTEK (Precision, 688003), METRON (Diamond wire material, 603133) 300861), GTEP (sludge treatment and recycling, has started the board meeting), Niu (electric two-wheeler, NASDAQ: NIU), LATTICELIGHTING (LED silicon substrate technology and application), Freetech (unmanned driving), Marknum Technology (big data), xMate (light collaborative robot), TAGEIDRIVER (autonomous driving), HUIRUI (high-precision metal 3D printing), DYSO (CNC machine tool parts), NEWLINK GROUP (energy Internet), and many cross-border enterprises Industries such as LianLian (online payment), Xingyun Group (cross-border supply chain), Tec-Do (outbound brand digital marketing, Guangzhou), LAVA (smart guitar, Guangzhou), Shoplazza (outbound SaaS independent site construction tools, Guangzhou), E-ports (Internet for shipping industry), Chenhaiyun (sea-going compliance), Whalehouse.tech (intelligent warehousing), Huoyan (ABM intelligent marketing), Giiso (intelligent writing) and other excellent projects, which have won excess investment returns and social reputation. At present, the withdrawn projects include Great Wisdom Software (Financial information terminal, 601519), which has been fully withdrawn through listing, with return multiple reaching 8.96x, invested by GSR United Capital Phase I; TZTEK (Precision Measurement, 688003.STAR), fully exited through listing with return multiple reaching 2.74x, invested by GSR United Phase II and Botong Jinshi; eCARBON (high thermal conductivity graphite heat dissipation material, 603133), through the listing of all exit, return multiple reached 5x, invested by GSR United Capital Phase I Institute; METRON (Diamond Wire Materials, 300861), which was partially exited through listing with a return multiple of 4.5X and was invested by GSR United Phase III and Botong Jinshi Institute; Lebo Technology (cross-platform screen investment tool), partially exited through equity transfer, with a return multiple of 4.35x, invested by Botong Jinshi. Giiso (Intelligent Collaboration), which was partially withdrawn through equity transfer with a return multiple of 4.35x, was invested by Botong Jinshi.Zerowaste Asia Pte Ltd (ZA) was invested by Hongcheng RMB Fund, a subsidiary of GSR United Capital, in January 2017. It is committed to developing, producing and selling leading additives for heavy metal treatment. Its products have the characteristics of simple process, high efficiency, safety and environmental protection, and low cost. The company's valuation has grown from $58 million at the time of the investment to $142 million.Since February 2020, GSR United Capital has made more than 30 investments in the main fund. For example, it invested in Yuejing Technology (audio and video collaborative production tool) in February 2021, and the current multiple has reached 3.14 times. In September 2020, it invested in ZHICHUBAO.COM (procurement management SaaS platform), and the current multiple has reached 2.82 times. In April 2020, it invested in Starsee Intelligence (AI enabled military defense), and the current multiple has reached 2.81 times. Nahuo Technology Co., Ltd. received a subsequent round of investment from IDG, ZHICHUBAO.COM received a subsequent round of investment from Shunwei Capital, and Boqing Technology received a subsequent round of investment from KeyTone Ventures and Leaguer Capital."

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Investment focus

  • Industry: Manufacturing, Robotics, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 148
  • Round size: Seed $98k–$14M; Series A $353k–$30M; Series B $789k–$50M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • PhotoG — PhotoG is an international GenAI content marketing tool supplier. It operates in the fields of overseas content marketing and generative AI, with a focus on visual content development and e-commerce brand marketing.
  • Dewu Additive — Dewu Additive is a high-tech company at the forefront of 3D printing innovation, specializing in developing cutting-edge additive manufacturing solutions. The company focuses on creating advanced 3D printing technologies and materials for a wide range of industries, including aerospace, automotive, healthcare, and manufacturing.
  • Squirrel Power — Squirrel Power is an emerging Chinese electric vehicle brand that is rapidly gaining attention for its innovative designs, sustainable technologies, and commitment to making electric mobility more accessible to a wider range of consumers.
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Kaiwu Capital
VC Fund · Beijing, Beijing, China · 3 investments in China B2B startups

Kaiwu Capital is a venture capital firm that focuses on TMT, clean-tech, healthcare, innovations, renewable energy, consumer, and education.

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Investment focus

  • Industry: B2B, Medical, Real Estate
  • Stage:Series A, Angel, Seed
  • Geography: China, United States

Investor stats

  • Total investments: 20
  • Round size: Angel $425k–$1.4M; Series A $1.4M–$14M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2013

Portfolio highlights

  • Haocai — Haocai is an Internet e-commerce platform.
  • First Future — First Future is a B2B online foreign education service provider company.
  • Huodongshu.com — Huodongshu.com is an activity management service provider that focuses on creating an event management platform
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Artesian VC
VC Fund · Melbourne, Victoria, Australia · 2 investments in China B2B startups

Artesian Capital Management is an alternative investments management company, which was spun out of ANZ Banking Group's capital markets business in 2004, with backing from ANZ Private Equity. Artesian's founding partners, purchased ANZ's stake in 2005. The company has subsequently been fully owned by partners and staff. Since 2004,Artesian has managed specialised funds focused on credit arbitrage and relative-value strategies across global financial markets. In 2008, while continuing to manage credit relative value investment strategies from its New York, London and Singapore offices, Artesian began to make principal investments in seed/early-stage ventures from its offices in Sydney, Melbourne and Shanghai. In 2011, Artesian launched the first of its early stage venture capital funds and now manages AUD +255m. Artesian's VC strategy is to partner with best of breed accelerators, incubators, angel groups and university programs. In 2017, Artesian launched its China VC Fund with a USD 50m cornerstone investment industry super fund Hostplus. Artesian will soon launch a Southeast Asia VC Fund.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Australia, United States, Hong Kong

Investor stats

  • Total investments: 407
  • Round size: Seed $101k–$5M; Pre-Seed $70k–$1M; Series A $2.3M–$15M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • LivedCX® — LIVEDCX: Advanced AI technology for contact centre leaders who must simplify complexity to create growth.
  • Andromeda Robotics — At Andromeda, our personalised robot companions are helping Australian aged care teams bring joy and connection to residents to improve wellbeing.
  • Infiction labs — SPARC 1.2 is a solar panel robotic cleaning system designed and developed by Infiction Labs Pvt Ltd for commercial solar plants.
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Eastern Bell Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in China B2B startups

Eastern Bell Capital, established in 2010, is an ecosystem-based fund focused on "improving industry efficiency with supply chain as its core competence". The investment areas we focus on include logistics, supply chain, retail & brand, data technology, etc. Through years of hard work, Eastern Bell Capital has built an empoweringeco-resource system with deep knowledge and insight into circulation efficiency.

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Investment focus

  • Industry: E-Commerce, Manufacturing, Artificial Intelligence
  • Stage:Series A, Series B, Series C
  • Geography: China, Hong Kong, Singapore

Investor stats

  • Total investments: 181
  • Round size: Series A $7.1M–$93M; Series B $14M–$270M; Series C $14M–$142M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $1.8B in 2021

Portfolio highlights

  • Looki — Your personal AI wearable for living fully and remembering effortlessly. https://t.co/leU4F36n1S
  • ZongTeng Group — ZongTeng Group is a global cross-border e-commerce infrastructure service provider.
  • PoShell Robotics — PoShell Robotics is a general-purpose home robot, aiming to create a home-friendly and structurally stable robot.
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Northern Light Venture Capital
VC Fund · Beijing, Beijing, China · 2 investments in China B2B startups

Supporting the next generation of entpreneurs in enterprise, healthcare, and consumer with disruptive potential.

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, South Korea

Investor stats

  • Total investments: 274
  • Round size: Seed $1.3M–$100M; Series A $4.3M–$67M; Series B $11M–$62M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — raised $375M in 2021

Portfolio highlights

  • Flytech — Flytech specializes in crystal materials and related components for magneto-optical-electrical integrated signal processing.
  • Moge Microflow — Moge Microflow is a manufacturer of equipment for microreactors. It provides continuous flow production technologies and equipment for nanomaterials, pharmaceutical intermediates, and fine chemicals, as well as standardized high-end microreactor equipment.
  • Bianzhong New Materials — Bianzhong New Materials is a high-tech company that specializes in the research and development of equipment for weaving and shaping three-dimensional preforms of high-strength fiber composite materials.
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Welight Capital
VC Fund · Shenzhen, Guangdong, China · 2 investments in China B2B startups, 9 in the past 12 months

Welight Capital is an investment firm that invests in enterprise services, B2B, e-commerce, finance, education, new retail companies.

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Investment focus

  • Industry: E-Commerce, Software, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 97
  • Round size: Seed $2M–$20M; Series A $1.4M–$30M; Series B $2.8M–$50M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • 3S robotics — 3S robotics is an intelligent robotics technology company with an independent core supply chain. 3S Robotics is a subsidiary of the listed Harbin Institute of Technology Intelligent Technology Co., Ltd.
  • Floatboat AI — Floatboat integrate agents into your workplace and establish a human-machine collaborative office network.
  • LifeLabs Design — LifeLabs patented warming & cooling technology allows for comfort across extreme temperatures. Explore our dedication to producing sustainable & eco-friendly fabrics.
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Telescope Investment
VC Fund · Beijing, Beijing, China · 2 investments in China B2B startups

Telescope Investment is a private equity fund focusing on VC/PE investment projects in Chinese market. The office is located in Beijing. The founding team created its unique investment system out of their profound experience in consumer industry and advanced investment philosophy. Telescope Investment mainly focus on those top enterpriseswith high brand value in consumer goods, chain service, education, medical&health and culture industry. The investment stage covers both early stage and maturity stage and the investment scale varies from millions of dollars to tens of millions of dollars according to the specific circumstances of the projects.The investment team is composed of intelligent investment professionals with remarkable management ability and profound financial practical experience. As an emerging force in Chinese capital market, Telescope Investment spares no efforts to help Chinese enterprises achieve success with its advantages on intelligence, social resources and capital operation.

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Investment focus

  • Industry: E-Commerce, Information Technology, Fashion
  • Stage:Series A, Angel, Series B
  • Geography: China, Nigeria, Australia

Investor stats

  • Total investments: 40
  • Round size: Angel $263k–$992k; Series A $67k–$11M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Chuangkit — Chuangkit is a minimalist cloud online design platform based on cloud collaboration, intelligent assistance, image processing and other technologies. It allows users to easily create PPTs, posters, and infographics by simply dragging and dropping. New media pictures, e-commerce, roll-up and other designs.
  • Starwhale — Star Whale Technology is an AI management and collaboration service provider that focuses on MLOps services, developing two functional data and model platforms and providing products and services such as MLOps platforms and tools.
  • Lingyu Intelligence — Lingyu Intelligence engages in the manufacturing and sales of industrial robots, intelligent robots and service consumer robots.
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Qianhai Fund of Funds
VC Fund · Shanzhen, Fujian, China · 2 investments in China B2B startups

Qianhai Fund of Funds is a fund management company that markets qualified investors in the private equity investment industry. Qianhai Fund of Funds comes from four types of LP's such as local governments, well-known companies, insurance financial institutions, and a number of listed companies and well-known corporate controllers. The fundmanagement party introduced at the press conference that the Qianhai Fund of Funds' overall investment strategy pursues low-risk, medium-to-high-yield, mainly based on high-quality venture capital, and private equity investment funds, supplemented by direct investment and short-term investment.Qianhai Fund of Funds was founded on 2015 and is headquartered in Shenzhen, China.

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Investment focus

  • Industry: Manufacturing, Health Care, Software
  • Stage:Series A, Series B, Series C
  • Geography: China, Japan, Canada

Investor stats

  • Total investments: 159
  • Round size: Series A $1.4M–$63M; Series B $2.8M–$43M; Series C $14M–$126M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Prosemi — Pusenmei is a precision micro-resistance current sensor developer company committed to delivering professional and diverse precision micro-resistance current detecting resistors and circuit protection solutions.
  • LINKER — LINKER specializes in the algorithm research of digital audio and video technology.
  • Wuxi Fio Technology — Wuxi Fio Technology is a national high-tech enterprise specializing in the research and development and production of automotive-grade pressure sensors.
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Ventech China
VC Fund · Shanghai, Shanghai, China · 2 investments in China B2B startups

Ventech Capital was founded in 1998 in France. Ventech is one of the most famous VC funds in Europe and manages four funds. In China, Ventech China manages three funds. Globally, this represents more than USD 1B total asset under management. Ventech China is based in Shanghai. Ventech China 3 is a USD 220 million venture capital fund focused oncommunities, M-commerce, Big Data and Fintech. Its current portfolio companies include Keep, the No.1 fitness training and community app in China, WonderFull, the emerging Japanese product M-commerce platform, Juzi, the leading entertainment news platform, Datawin, the leading big data company in sales leads generation, and Blued, the No.1 gay community app in China. Ventech China is dedicated to growing together with innovative startups and help them to become global leaders in their fields.

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Investment focus

  • Industry: E-Commerce, Retail, Internet
  • Stage:Series A, Series B, Seed
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 77
  • Round size: Seed $1.4M–$50M; Series A $2.8M–$52M; Series B $7.1M–$37M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $150M in 2011

Portfolio highlights

  • Outopia — Outopia was established in China by a team of trail running champions and seasoned professionals from international luxury and sports brands. We create products that are engineered for performance and thoughtfully designed. Our goal: to enable meaningful experiences that transcend the gear itself.
  • MetaLenX — MetaLenX is a technology-based enterprise focusing on the design, manufacture and application of superlenses.
  • Huamei Haolian — Huamei Haolian specializes in providing telemedicine and medical tourism services.
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SOSV
VC Fund · Princeton, New Jersey, United States · 2 investments in China B2B startups, 75 in the past 12 months

SOSV is a global, deep tech venture capital firm that operates the HAX and IndieBio startup development programs focused on human and planetary health. SOSV invests $500,000 in startups at their inception as they onboard either HAX or IndieBio for a 4-6 month period designed to accelerate the raise of their next institutional round. SOSV joins thelater rounds of HAX and IndieBio graduates. HAX, based in a 35,000 sq ft facility in Newark, NJ, is equipped with machine tools, 3D printers, chemical, electrical and mechanical engineering labs, as well as on-staff engineering and design experts. SOSV's IndieBio has locations in NYC and San Francisco, both of which offer extensive services and facilities to founders including on-site BSL-2 labs, well equipped lab benches and hoods, and advanced lab equipment, such as chromatography equipment.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 1482
  • Lead/follow: no public data

Portfolio highlights

  • MixRift — MIXRIFT - game developers specialized in Mixed Reality
  • unspun — From 3D scan to perfect fitting custom jeans. unspun makes each pair of jeans unique to your actual body and design. On a mission to reduce global carbon emissions by 1%. As seen in Fast Company's World Changing Ideas, Time's Best Inventions, and PopSci's Best of What's New. Welcome to the future of apparel.
  • Mesa Quantum — Unlock the potential of chip-scale quantum sensing for enhanced Position, Navigation, And Timing capabilities. Explore Mesa Quantum's practical solutions.
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SR Capital
VC Fund · Suzhou, Jiangsu, China · 2 investments in China B2B startups

SR Capital is a venture capital firm that invests in the start-up and growth stages of technological innovation enterprises. The firm was founded in Suzhou, Jiangsu in 2013.

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Investment focus

  • Industry: Manufacturing, E-Commerce, Electronics
  • Stage:Series A, Angel, Series B
  • Geography: China, United States

Investor stats

  • Total investments: 50
  • Round size: Angel $425k–$1.4M; Series A $1.4M–$16M; Series B $14M–$46M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Jitian Xingzhou — Jitian Xingzhou is a commercial aerospace company that provides optical main payloads in batches as one of its primary operations.
  • Light Year Exploration — Light Year Exploration is a distributor of vehicle mechanical products.
  • Changzhou Fuxing Mechanical and Electrical Co. — Changzhou Fuxing Mechanical and Electrical Co. manufactures servo, brushless DC, and hybrid stepper motors.
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Shunwei Capital
VC Fund · Beijing, Beijing, China · 2 investments in China B2B startups

Shunwei Capital is a venture capital fund that focuses on early to mid-stage investments in local internet industry. It specializes in incubation, startups, early to mid-stage, and growth capital investments. It seeks to invest in the technology, media, telecommunications, high technology, new media, games, internet finance, and rural area internetsectors. Their investors include sovereign wealth funds, fund of funds, university endowment funds, and family offices.

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Investment focus

  • Industry: Manufacturing, Software, Internet
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, India

Investor stats

  • Total investments: 488
  • Round size: Series A $1.4M–$41M; Series B $8.2M–$58M; Series C $25M–$130M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $1.2B in 2018

Portfolio highlights

  • Z.ai — The AI Lab behind GLM models, dedicated to inspiring the development of AGI to benefit humanity. https://t.co/7a5aSCUfnr https://t.co/x14hb3jO7O
  • Darma — DARMA - Digital Healt
  • Heluo New Image — Heluo New Image is a cell treatment platform developer that focuses on iPSC directed differentiation, gene editing, large-scale cell product production, and cell therapy technology development.
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Tsinghua Holdings Capital
VC Fund · Beijing, Beijing, China · 2 investments in China B2B startups, 31 in the past 12 months

Tsinghua Holdings Capital (THC) is a Beijing-based private equity investment fund with a focus on high-end technology, industrials and healthcare. The fund has grown steadily since its inception in 2007 when it was operating as Tsinghua Holdings Group's specialised PE investment arm, focusing on discovering and investing in China'sleading enterprises in high growth business sectors such as industrials, TMT and entertainment. With over RMB 10billion in assets under management, Tsinghua Holdings Capital has a proven record of delivering strong returns through its specialized funds. Investments are made through either growth capital or management buyouts. The fund is privately owned with a traditional GP/LP structure.

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Investment focus

  • Industry: Manufacturing, Artificial Intelligence, Robotics
  • Stage:Series A, Angel, Series B
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 90
  • Round size: Angel $425k–$69M; Series A $8.5M–$147M; Series B $2.8M–$296M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • GCL Optoelectronics — GCL Optoelectronics is a supplier of perovskite solar modules, focusing on the R&D and production of perovskite solar modules.
  • Ciyuan Infinite Technology — Ciyuan Infinite Technology is an AI programming technology company that provides programming support for enterprises.
  • Yaozheng Quantum Technology — UnitQC is a China‑based quantum technology company focused on trapped‑ion quantum computing systems and related products.
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Plum Ventures
VC Fund · Changzhou, Zhejiang, China · 2 investments in China B2B startups, 29 in the past 12 months

Plum Ventures is a venture capital company that aims to encourage young people to become entrepreneurs. It specializes ins providing seed and early-stage investments in the technology, new media, and telecommunications industry. The firm was founded in May 2014 and is based in Changzhou, China.

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Investment focus

  • Industry: E-Commerce, Manufacturing, Software
  • Stage:Series A, Angel, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 231
  • Round size: Seed $1.4M–$10M; Angel $425k–$6M; Series A $1.4M–$28M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Zeta Fusion — Zeta Fusion operates within the technology promotion and application services industry.
  • DeepGate Transformation — DeepGate Transformation provides aerospace thermal products by using pyrolytic graphite technology.
  • Delta Intelligence Technology — Delta Intelligence Technology is a next-generation embodied intelligence company focused on integrating advanced artificial intelligence with physical systems to create machines that can perceive, learn, and act in the real world.
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Hejin Touzi
VC Fund · Shanghai, Shanghai, China · 2 investments in China B2B startups

Hejin Touzi is an venture capital investment firm.

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Investment focus

  • Industry: B2B, Retail, E-Commerce
  • Stage:Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • mytech — mytech is a new cross-border retail services platform.
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Marathon Venture Partners
VC Fund · Shanghai, Shanghai, China · 2 investments in China B2B startups

Marathon Venture Partners is an international VC fund that focuses on early and growth stage companies in healthcare and Fintech industry.

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 63
  • Round size: Seed $7M–$13M; Series A $1.4M–$16M; Series B $14M–$142M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Fungifuture — Fungifuture is a synthetic biomaterials company specializing in the research and development and production of fungal fiber materials.
  • Ruize Health — Ruize Health is a commercial insurance company that focuses on health consumption and commercial insurance.
  • Fuxin Technology Innovation — Fuxin Kechuang is a high-tech company that specializes in offering detailed information solutions for the medical and healthcare industries. The business offers creative software solutions and services to a range of healthcare organizations, actively supports the digital transformation of healthcare, and uplifts the medical sector. The company hasgained recognition and has become a partner of big and medium-sized medical institutions and healthcare institutions by relying on its technological research and development power, service capabilities, and ecosystem of medical and health software.
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SIG China (SIG Asia Investments)
VC Fund · Shanghai, Shanghai, China · 2 investments in China B2B startups

SIG's China venture capital and private equity activities are operated through SIG Asia Investments, LLLP (SAI) and its wholly foreign owned enterprise (WFOE) based in Shanghai with a branch office in Beijing. The SIG China team seeks to commit the firm’s capital to venture capital and private equity investments in China.SAI is a member ofthe Susquehanna International Group of companies (SIG), which has evolved over the past 20+years into a leading financial institution focusing on trading and market making, institutional sales and research, private equity, and venture capital. With more than 1,400 employees across offices worldwide, SIG’s professionals develop ideas in an entrepreneurial environment, taking full advantage of SIG’s cutting edge technology and quantitative research.SIG is committed to expanding its global businesses in China. As part of that effort SAI has been mandated to commit SIG's proprietary capital in VC and PE investments in companies operating in the PRC.

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Investment focus

  • Industry: Software, E-Commerce, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 205
  • Round size: Series A $3M–$31M; Series B $9.5M–$99M; Series C $25M–$134M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $200M in 2009

Portfolio highlights

  • xMEMS — Explore MEMS speaker, acoustic vent and active micro cooling chip solutions based on xMEMS' proven piezoMEMS silicon platform.
  • Castbox — Millions of podcasts for all topics. Listen to the best free podcast on Android, Apple iOS, Amazon Alexa, Google Home, Carplay, Android Auto, PC. Create...
  • Haici Technology — Haiui Health Technology is a mobile platform for hospitals to connect patients, optimise hospital visits and streamline admin workflow.
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Electronic Soul Ventures
VC Fund · Hangzhou, Zhejiang, China · 2 investments in China B2B startups

Electronic Soul Ventures is an investment firm.

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Investment focus

  • Industry: E-Commerce, Media and Entertainment, Art
  • Stage:Angel, Series A
  • Geography: China, India

Investor stats

  • Total investments: 6
  • Round size: Angel $425k–$2.8M; Series A $1.4M–$1.4M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • mytech — mytech is a new cross-border retail services platform.
  • SUnTeng — SUnTeng provides full-process marketing technology solutions.
  • Smarto — Smarto is an IOT technology company vertical to the logistics field. Committed to creating a logistics IOT cycle ecology. Link users, logistics, platforms, and merchants to empower perception, and interaction, improve efficiency, and save resources for each package. Based on IOT technology, it provides solutions for circular environmentalprotection, smart logistics, and packaging carbon neutrality.
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Redpoint Ventures China
VC Fund · Beijing, Beijing, China · 2 investments in China B2B startups

Redpoint Ventures China focuses on early investments in the TMT sector, focusing on consumer Internet and technology-driven enterprise IT services opportunities.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 114
  • Round size: Seed $4M–$30M; Series A $1.5M–$50M; Series B $10M–$120M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $102M in 2021

Portfolio highlights

  • Kaon — Chat with AI characters for free on FlowGPT! More than 1 million characters and bots to chat with, AI boyfriend, girlfriend, uncencored chat and AI tools.
  • Pavepal — Paitner is an intelligent construction robot developer focuses on construction robot research and is dedicated to offering Chinese robot solutions for the world's dangerous, dirty, and labor-scarce construction industry.
  • Buzzy — Create Long-form high quality Video like AI Films and AI Commercials on Buzzy - the world's first agentic canvas which helps you keep all elements consistent and have full control over details
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TAL Education Group
VC Fund · Haidian, Beijing, China · 2 investments in China B2B startups

TAL Education Group is a Chinese education and technology company specializing in K-12, english learning, and STEAM.

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Investment focus

  • Industry: Education, E-Learning, EdTech
  • Stage:Series A, Angel, Series B
  • Geography: China, United States, India

Investor stats

  • Total investments: 90
  • Round size: Angel $61k–$425k; Series A $210k–$14M; Series B $852k–$45M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Z.ai — The AI Lab behind GLM models, dedicated to inspiring the development of AGI to benefit humanity. https://t.co/7a5aSCUfnr https://t.co/x14hb3jO7O
  • Snapmaker — Snapmaker is dedicated to providing an integrated platform empowering everyone to create things with ease that just wasn’t there before.
  • Shengshu Technology — Shengshu Technology is an artificial intelligence solution provider that focuses on the creation of multi-modal generative big models and application products. It offers broad services to institutional businesses and technical service providers in specific industries.
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Galaxy Internet
VC Fund · Beijing, Beijing, China · 1 investments in China B2B startups

Galaxy Internet is an entrepreneurship service open platform that connects entrepreneurs and investors. It combines online and offline to provide internet entrepreneurs Including one-stop entrepreneurial services such as project creation, capital, joint venture, financing, space, R & D, recruitment, marketing, training, entrepreneurialsecurity, and financial management. The company is committed to building an empowering organization, creating internet companies in batches in the form of a sharing economy, supporting the healthy growth of enterprises with a joint entrepreneurship model.

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Investment focus

  • Industry: Internet, Software, B2B
  • Stage:Seed, Series A, Angel
  • Geography: China

Investor stats

  • Total investments: 7
  • Lead/follow: no public data

Portfolio highlights

  • Cyzone — Cyzone.cn is the exclusive Chinese partner of the start-up publication Entrepreneur Magazine.Cyzone.cn aims to help Chinese entrepreneurs promote the growth of China’s medium- and small-sized enterprises. It holds various activities to help entrepreneurs build up their partnership networks and business resources, serving as a community forChinese entrepreneurs. Through Entrepreneur Magazine, CyZone is introduced to the latest news on business opportunities and foreign entrepreneurs’ successful experiences. As a media platform serving Chinese startup companies, Cyzone helps them get better integrated into the world’s business environment and expand their business globally.
  • Seatent.com — Seatent.com is a Hangzhou-based B2B cross-border trade platform, providing imported products and relevant software service for small and medium-sized sellers.
  • Jikelianmeng — Jikelianmeng is an online food delivery company.
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Crystal Stream Capital
VC Fund · Beijing, Beijing, China · 1 investments in China B2B startups

Crystal Stream Capital specializes in making early-stage investments in the technology, media, and telecommunications sector.

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Investment focus

  • Industry: E-Commerce, Fashion, Internet
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Egypt

Investor stats

  • Total investments: 63
  • Lead/follow: no public data

Portfolio highlights

  • Huang Xiaozhu — Huang Xiaozhu is a convenient fresh food brand that is positioned to cut from Chinese fresh porridge, integrate modern processing and production and patented fresh-keeping technology, to provide young consumers with convenient, healthy and nutritious "light cooking" fresh food. Huang Xiaozhu has now developed four light luxury series ofporridge products, including abalone seafood porridge, bird's nest and white fungus porridge, ginseng chicken porridge, sea cucumber millet porridge, and plans to go online in early April.
  • Qiutian Manman — Qiutian Manman is a professional brand engaged in developing nutritious food for babies and children, sets a “daily dietary nutrition clock” for babies and children, and assists parents to establish a new concept of nutritious meals for their offspring. The brand offers nutritious products designed for breakfast, lunch, and dinner, as well asnutritional supplements for the morning and afternoon, in a bid to guarantee babies and children aged 3-12 can have a reasonable intake of nutrition 24 hours a day to ensure their healthy growth every day.
  • Joes Future Food — Joes Future Food develops, manufactures, tests, and sells raw and auxiliary materials for food and biological products. Founded in 2019.
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Sumitomo Corporation Equity Asia
VC Fund · Central, Hong Kong Island, Hong Kong · 1 investments in China B2B startups

Established in Hong Kong in 2002, SCEA is a wholly owned subsidiary of Sumitomo Corporation ("Sumitomo"), one of the biggest multinational conglomerates in Japan with business and investment covering metal products, transportation & construction systems, infrastructure, chemical & electronics, mineral resources & energy,media, network & lifestyle retail, general products, real estate and financial & logistics services. The entire Sumitomo Corporation Group consists of over 800 subsidiaries and associated companies with more than 65,000 employees all over the world.

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Investment focus

  • Industry: Health Care, Logistics, B2B
  • Stage:Series A, Series B, Series C
  • Geography: China, Japan, Malaysia

Investor stats

  • Total investments: 10
  • Lead/follow: no public data

Portfolio highlights

  • YunLSP — YunLSP is the developer of SaaS cloud collaboration systems and tools designed for the logistics enterprise system.
  • Naluri Life — Naluri is a human-driven, AI-augmented digital health solution that delivers improvements in mental and physical health.
  • clearing zero carbon — Clean Capture is an innovative company that uses artificial technology and provides low-cost carbon removal technology solutions through the research and development and commercialization of carbon capture, utilization and storage (CCUS) technology.
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Hengxu Capital
VC Fund · Jiading, Shanghai, China · 1 investments in China B2B startups, 6 in the past 12 months

Hengxu Capital is an investment firm.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Health Care
  • Stage:Series A, Series B
  • Geography: China, France

Investor stats

  • Total investments: 33
  • Lead/follow: no public data

Portfolio highlights

  • Sunpure — Sunpure produces photovoltaic smart cleaning robots. Sunpure offers standardized, professional, and intelligent overall cleaning solutions for solar power installations.
  • Xi'ai Electronics — Xi'ai Ai manufactures electrical gear and equipment. The company specializes in the manufacture of various relays, filters, contactors, and their associated components.
  • Zhongning Silicon — Zhongning Silicon is a manufacturer of semiconductors, liquid crystals, and photovoltaics.
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Suzhou Zhongxin Innovation Investment Management
VC Fund · Suzhou, Jiangsu, China · 1 investments in China B2B startups

Suzhou Zhongxin Innovation Investment Management is engaged in investment management, industrial investment, venture capital, etc.

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Investment focus

  • Industry: B2B, Oil and Gas, Semiconductor
  • Stage:Seed, Series A
  • Geography: China

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • AI Prime — AI Prime is a life sciences company focused on developing oncology therapeutics targeting the growth and proliferation of cancer cells.
  • Hongxin Gases — Hongxin Gases is a electronic bulk gas solution platform that focuses on providing professional and high-quality electronic gas overall solutions for semiconductor industry manufacturing companies.
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Youxiping
VC Fund · Haidian, Beijing, China · 1 investments in China B2B startups

Youxiping develops and publishes video games.

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Investment focus

  • Industry: B2B, Automotive, E-Commerce
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • gongxifache.com — gongxifache.com provides a B2B automotive e-commerce platform.
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Topsailing Capital
VC Fund · Shenzhen, Guangdong, China · 1 investments in China B2B startups

Founded in 2013, Topsailing Capital is headquartered in Shenzhen, located in Nanshan High-tech Industrial Park. It is a professional investment management company with team holding and market operation. It has rich strategic alliance partners, listed enterprise resources and strong resource integration capabilities. Currently established funds areVC (A round or early 10 million standard) and PE two stages, mainly focusing on science and technology innovation and consumption upgrading related industries, focusing on cultural entertainment, big data, consumption upgrade, smart manufacturing, agricultural upgrading and Environmental protection medical field. Representative projects include Xinnongbao, Youbao Online, Baode Bio, Shenjie Environmental Protection, Hongding Auto Parts, Xinlixun and Guoyun.

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Investment focus

  • Industry: Agriculture, Farming, Information Technology
  • Stage:Series A, Angel, Seed
  • Geography: China

Investor stats

  • Total investments: 15
  • Lead/follow: no public data

Portfolio highlights

  • Xinwuzhan — Xinwuzhan builds a B2B mobile e-commerce platform in the field of frozen aquatic products. It combines the advantages of refrigerated storage, aquatic product processing, aquatic product artificial breeding, international ocean fishing and cold chain logistics in related industries. It was formally established in Beijing on December 12, 2017.
  • Mei Xing Zhi Neng — Revolutionize your fish farming with our advanced technology. We empower farmers through data-driven insights on water quality and environmental factors, enhancing productivity and sustainability in aquaculture. Optimize your operations with our comprehensive monitoring services.
  • Dongjiang Pastoral — Dongjiang Pastoral is an agriculture company that focuses on the plantation and production of fruits and vegetables. The company cultivates grains, beans, and aquatic plants. Dongjiang Pastoral also engages in the retail, wholesale, and supply chain management of edible agricultural products.
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Hainan Baohua Industrial
VC Fund · Hainan, Hainan, China · 1 investments in China B2B startups

Hainan Baohua Industrial is engaged in tourism development; marine resource development, etc.

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Investment focus

  • Industry: B2B, E-Commerce
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Xinwuzhan — Xinwuzhan builds a B2B mobile e-commerce platform in the field of frozen aquatic products. It combines the advantages of refrigerated storage, aquatic product processing, aquatic product artificial breeding, international ocean fishing and cold chain logistics in related industries. It was formally established in Beijing on December 12, 2017.
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Yudao Ziben
VC Fund · 1 investments in China B2B startups

Yudao Ziben is an investment firm.

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Investment focus

  • Industry: B2B, Precious Metals, Supply Chain Management
  • Stage:Angel
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Zhaolu Tianxia Wang — Zhaolu Tianxia Wang provides matchmaking services for buyers and sellers of aluminium raw materials. It conducts transactions based on the big data of matchmaking transactions. Their agents provide sales, logistics, finance, and derivative services. For inquiries, telephone numbers and addresses are available on their websites.
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Hangzhou Zhenhao Investment Management Partnership
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China B2B startups

Hangzhou Zhenhao Investment Management Partnership is an investment company.

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Investment focus

  • Industry: B2B
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • WOOK — WOOK is dedicated in linking quality brands in China and the market in Indonesia. WOOK currently has 17 branch offices in Indonesia, more than 10,000 3C digital product retailers and a energetic marketing team which has more than 300 salesmen across Indonesia. The A round financing of WOOK is jointly invested by former Tencent senior executive vicepresident and co-founder Wu Xiaoguang, well-known investors Ling Daihong, Yang Xiangyang in Shenzhen and Dark Horse Fund. Now we are the distributor of DJI drone, Inmotion balanced car, Airwheel balanced car, Huntkey, ORICO and TENDA router in Indonesia. What's more, WOOK owns the brand VIVAN and ROBOT which occupy the largest and most comprehensive coverage of 3C digital accessories in Indonesia.
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Xueersi
VC Fund · Beijing, Beijing, China · 1 investments in China B2B startups

Xueersi.com, a Beijing-based educational training site focused on primary and middle school students. Established in August 2003, Xueersi.com has more than 30 service centers and over 70 training schools in cities including Beijing, Shanghai and Wuhan.

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Investment focus

  • Industry: B2B, EdTech, Mobile
  • Stage:Seed, Angel
  • Geography: China

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • JMDedu.com — JMDedu (芥末堆) is the No. 1 EdTech B2B Media platform in China. Our mission is to support the ecosystemof education technology in China as well as globally. Our network is across education industry —entrepreneurs, investors, startups, educators, business-decision makers, and policy-decision makers.We help you:- To decode China EdTech Industry- To connect with China&global industry professionals- To be your one-stop shop for entering into China education market
  • DeepLang AI — DeepLang AI aims to build an industrial-level Chinese information processing engine using a self-developed large-scale model.
  • Hundun University — Hundun University is an online business school.
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Zhengxuan Investment
VC Fund · Shenzhen, Guangdong, China · 1 investments in China B2B startups

Zhengxuan Investment is an investment institution that develops high-tech and innovative enterprises. It is focused in advanced manufacturing, artificial intelligence, robotics, new energy, new materials, semiconductor, aerospace, and other fields. It also focuses on the investment and development of Chinese national enterprises, creatingemployment opportunities, creating government tax revenues, benefit the society, and cultivating a group of innovative enterprises and entrepreneurs. It offers a win-win situation for the benefit sharing and win-win situation for the company's shareholders, employees, partners, and invested companies. The company has Zhengxuan Qianhai Fund, Zhengxuan Foresight Fund, Zhengxuan Venture Capital, Zhengxuan Chuangke Space, Di Chuanghui, and other subjects.Zhengxuan Investment was founded in June 2003 and is headquartered in Shenzhen, China.

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Investment focus

  • Industry: Software, Manufacturing, Information Technology
  • Stage:Series A, Angel, Seed
  • Geography: China

Investor stats

  • Total investments: 28
  • Lead/follow: no public data

Portfolio highlights

  • Botai Automation — Botai Automation is specialized in CNC system research and development. Its CNC system can be used in machine tools, including drilling and tapping machines, turning and milling compound machining centers and their control accuracy, stability, and performance outperform earlier products of the same type.
  • First Automation — First Automation is an autonomous and controllable general-purpose high-end CNC system research and development company.
  • Xihua Technology — Xihua Technology is a supplier of ultra-precision cutting and grinding diamond tools and equipment.
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Ceyuan Ventures
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in China B2B startups

Ceyuan Ventures is a Beijing-based early stage venture capital firm focused on IT and emerging growth companies. They emphasize backing great teams, technology and business innovation. Their mission is to assist entrepreneurs in creating and building world-class businesses.

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Investment focus

  • Industry: Software, Internet, E-Commerce
  • Stage:Series A, Series B, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 103
  • Lead/follow: no public data

Portfolio highlights

  • Ruidiwei — Ruidiwei is a tech enterprise that specializes in the design, development, production, sales, and service of antennas and components in microwave and millimeter-wave frequency bands.
  • Qinglei Technology — Qinglei Technology is a radar sensing technology startup.
  • Siyue Intelligence — Siyue Intelligence produces software and hardware for TFT-LCD semiconductor automation. It integrates R&D, design, production, and service, and is committed to providing fully automated warehousing robot systems, and intelligent detection.
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Hundsun Technologies
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China B2B startups

Hundsun Technology Inc. Ltd. was established in February 1995 by eight engineers. It theynt public in December, 2003, listed on Shanghai Stock Exchange (stock code 600570). Over the years, Hundsun has developed into China’s leading supplier of financial software and network services, covering a variety of fields, including securities,futures,funds, banks, trust fund, insurances and financial management. Headquartered in Hangzhou, Hundsun has established presence in 28 major cities throughout the Chinese Mainland, as theyll as in Japan, the United States, and Hong Kong.Designated as one of national-level high-tech enterprises, Hundsun was ranked among China’s top 10 domestic computer software suppliers. In the past years, Hundsun has received various awards from the Chinese government, and has gained nationwide acclaim for its outstanding products and services. After obtaining the ISO9001 certificate, Hundsun achieved CMMI L4 certification for the international Software Engineering Organization and receives international recognition for ISO 27001 certification. With increased information security level and a more effective quality control system, Hundsun has consolidated its position as China’s leading financial software supplier.With 15 years of experience in China’s financial market, Hundsun has established close relationship with its clients in almost all areas of China’s financial and capital market. Hundsun will continue to enlarge its business scope and customer base. With a corporation culture of “passion, confidence, patience, and accountability” and its commitment to its clients and the market, Hundsun will strive to establish itself into the world’s leading supplier of financial software and network service.

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Investment focus

  • Industry: Software, Financial Services, Finance
  • Stage:Series A, Series B, Angel
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 17
  • Lead/follow: no public data

Portfolio highlights

  • UINO — UINO provide real-time Digital twin visualization software to manage digital infrastructures.
  • Murphy Security — Murphy Security is a technology firm dedicated to the professional management of security within the software supply chain.
  • XSKY Data Technology — XSKY Beijing Data Technology Corporation Limited is a China-based technical company focusing on software-defined infrastructure products and services. XSKY builds internet carrier operation experiences, mainstream open-source technology, and enterprise best practices into its products, offering customer future-ready scale-out storage solutions.XSKY is also a major committer to open-source storage system Ceph. It ranks top 3 worldwide and #1 in China for source code contribution in Ceph community. It is the only storage solution partner of Red Hat China. Early adopters for XSKY products are from FSI, transport, telecom, and energy segments. XSKY partners with leading IT companies including Intel, Samsung, Dell, Mellanox et al, focusing on SDS layer, and make win-win with global end user.
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Hundreds Capital
VC Fund · Beijing, Beijing, China · 1 investments in China B2B startups

Hundreds Capital is an investment firm that provides asset management, investment management and consulting service.

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Investment focus

  • Industry: Semiconductor, Information Services, Mobile Devices
  • Stage:Seed, Angel, Series C
  • Geography: China

Investor stats

  • Total investments: 8
  • Lead/follow: no public data

Portfolio highlights

  • Avant Semi — Avant Semi is a high tech enterprise engaged in semiconductor front-end measurement and testing equipment industry.
  • SiEngine Technology — SiEngine technology creates vehicle electronic chips.
  • Cluster Systems — Cluster Systems is a rebuild data center interconnection and communication modules: green, high performance, high integration
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Puhua Capital
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China B2B startups, 10 in the past 12 months

Puhua Capital is an equity investment firm that focuses on early and middle project. Puhua Capital provides the required resources and management experience for the invested enterprise, investing funds and more resources and wisdom. Puhua Capital has invested nearly 300 excellent start-ups.

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series A, Series B, Angel
  • Geography: China, United Kingdom, United States

Investor stats

  • Total investments: 111
  • Lead/follow: no public data

Portfolio highlights

  • Zozen — Zhuzheng Robotics is a medical robot manufacturer and developer specializing in minimally invasive spinal surgery. It specializes in researching new, intelligent, high-end medical devices with independent intellectual property rights, researching and developing products related to minimally invasive spinal surgery, and providing related services.
  • Lattice Microelectronics — Lattice Microelectronics promote the design and development, module manufacturing and vehicle application of power semiconductors.
  • China Reserve National Energy — China Reserve National Energy is a developer of air energy storage technology. This technology has the advantages of large scale, low cost, long life, clean and pollution-free, unlimited energy storage period, independent of fossil fuels and geographical conditions, etc.
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Woofoo Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China B2B startups

Woofoo Capital is a venture arm of Tsinghua Holdings, responsible for asset management. It takes science and technology finance as its orientation and realizes the capitalization and commercialization of technology assets and intellectual property through the integration of technological innovation and financial innovation.Woofoo Capital hasinitially completed the establishment of full-line fund business, including: parent funds, M&A funds, mezzanine funds, featured industries, venture capital funds and securities funds.Woofoo Capital was established in 2013 and is based in Shanghai, China.

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Investment focus

  • Industry: Education, E-Learning, B2B
  • Stage:Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • Cygnus Semi — Cygnus Semi is a semiconductor chip technology company that focuses on 5G IoT applications.
  • Nebula Link — Nebula Link provides vehicle-mounted equipment and roadside systems for autonomous driving and smart cities.
  • Shellskey Education — Shellskey Education is a cloud platform that focuses on K12 education and teaching. It has high-quality and authoritative educational and teaching resources. It is committed to integrating artificial intelligence, big data, and cloud computing technology to build CAC-KC evaluation index system.
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WestSummit Capital
VC Fund · Menlo Park, California, United States · 1 investments in China B2B startups

WestSummit Capital is a premier global technology growth capital investment firm. The firm invests in the Internet/Digital Media, Mobile/Connected Hardware, Enterprise Software and Cloud Computing sectors. WestSummit operates from offices in Silicon Valley, Beijing and Hong Kong. www.westsummitcap.com

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Investment focus

  • Industry: Software, Mobile, Semiconductor
  • Stage:Series A, Series C
  • Geography: United States, China, Canada

Investor stats

  • Total investments: 41
  • Lead/follow: no public data

Portfolio highlights

  • NextVPU — NextVPU refers to “Next Vision Processing Unit”, They are dedicated to offer embedded AI solutions for most of the smart devices and applications, power these intelligent devices with vision and brain, extensively apply to robots, UAV, UGV, security monitoring, etc. They also R&D “AngelEye”, the world’s first smart glasses to assist blindpeople perceiving the world and travelling safely.
  • RisenLighten — RisenLighten is a start-up specializing in high-level autonomous driving simulation industrial software, integrating AI algorithms and application scenarios for intelligent transportation and industrial control.
  • DIGITWIN Technologies — DIGITWIN Technologies develops products and solutions in the field of 3D digital twins and enterprise metaverses, including spatial computing technologies to interact with the physical and digital worlds.
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Addor Capital
VC Fund · Nanjing, Jiangsu, China · 1 investments in China B2B startups, 21 in the past 12 months

Addor Capital offers investment services by financing early stage ventures and holding securities of other companies.

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Investment focus

  • Industry: Manufacturing, Electronics, Semiconductor
  • Stage:Series A, Series B
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 221
  • Lead/follow: no public data

Portfolio highlights

  • Vulcan — Vulcan is an engineering ceramics technology company that specializes in manufacturing mechanical seals and its materials.
  • Xingwei Technology — Xingwei Technology is a high-tech enterprise focusing on high-end equipment, develops and manufactures high-performance Machine equipment and motion control systems. .
  • Chasing Light Technology — Chasing Light provides organic semiconductor technology designed for the photovoltaic industry. Their organic semiconductor materials and their optoelectronic devices have shown application potential in the semiconductor field due to many advantages such as low cost, easy performance adjustment, flexibility, thinness, and transparency.
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Shenwan Investment Fund
VC Fund · 1 investments in China B2B startups

Shenwan Investment Fund is an investment firm.

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Investment focus

  • Industry: B2B, Oil and Gas, Semiconductor
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Hongxin Gases — Hongxin Gases is a electronic bulk gas solution platform that focuses on providing professional and high-quality electronic gas overall solutions for semiconductor industry manufacturing companies.
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Junsan Capital
VC Fund · Shenzhen, Guangdong, China · 1 investments in China B2B startups

Junsan Capital Investment was established in 2003, is a direct stake in China's domestic investment / acquisition market pioneer, one of the earliest means of equity investment trusts platform to conduct business, professional bodies, which laid the corporate governance norms in the field of private equity, transparent business tradition.After decades of accumulated business and professional heritage, Jun Sheng has developed into a set of venture capital investment (VC), equity (PE), real estate (REITS) and acquisitions (M & A fund) and other private equity investment fund products integrated asset management company.

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Investment focus

  • Industry: Manufacturing, Software, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: China

Investor stats

  • Total investments: 52
  • Lead/follow: no public data

Portfolio highlights

  • Kangxinwei — Kangxinwei is an embedded memory manufacturer, with cutting-edge memory technology development, solution output, chip design
  • Manifold Tech — Manifold Tech wants to provide generic embodied intelligence the necessary perceptual skills, giving it "eyes" and a "brain" to better support the advancement of human society.
  • Zenosic — Zenosic focuses in the design and R&D of high-performance network chips, along with offering leading chip products for cloud service providers, equipment makers, operators, and diverse industries.
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B2B VC funding in China at a glance

Stats across 227 deals from 363 investors.

363
investors
in China B2B startups
227
deals
in China B2B startups
$7.1M
median round
in China B2B startups
38%
lead investors
lead at least one round
26%
Series A
most common funding stage

Access all 363 VC funds in China B2B startups.

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