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Top 50 Biotechnology VC (Venture Capital) Funds in Asia in May 2026

A list of 50 VC (Venture Capital) funds that invest in Biotechnology startups based in Asia. We rank investors based on the number of investments they made in Biotechnology companies from Asia. We update this investor list every month.

Top 50 Biotechnology VC (Venture Capital) Funds in Asia in May 2026

Investor Biotechnology Asia investments
Qiming Venture Partners 58
HSG 43
BioVenture 33
Lilly Asia Ventures 30
Med-Fine Capital 27
Kaitai Capital 26
Matrix Partners China 25
Frees Fund 24
IDG Capital 22
Sherpa Healthcare Partners 22
Seeds Capital 21
Northern Light Venture Capital 19
Legend Capital 19
Hillhouse Investment 18
TF Capital 18
CDH Investments 18
UntroD Capital 17
Mitsubishi UFJ Capital 17
Fast Track Initiative, Inc. 15
Highlight Capital 15
CD Capital 15
Osaka University Venture Capital 15
ANRI 15
Puhua Capital 15
Cowin Capital 14
SMBC Venture Capital 14
Prox Ventures 14
Green Pine Capital Partners 14
Linear Capital 14
UTEC - The University of Tokyo Edge Capital Partners 13
Delian Capital 13
Gaorong Capital 13
BioTrack Capital 13
Keio Innovation Initiative 12
Shenzhen Capital Group 12
K2VC 12
Legend Star 12
SDIC Venture Capital 12
Cowin Venture 12
ZhenFund 11
Baidu Ventures 11
JAFCO 11
Addor Capital 11
LYFE Capital 11
Hillhouse Ventures 11
Shunwei Capital 10
Shunxi Fund 10
Empower Investment 10
Lever VC 10
ZSVC 10

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Qiming Venture Partners
VC Fund · Shanghai, Shanghai, China

Founded in 2006, Qiming Venture Partners is a leading China venture capital firm with offices in Shanghai, Beijing, Suzhou, Hong Kong in China, and Singapore.Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companiesin the Technology and Consumer (T&C) and Healthcare industries at the early and growth stages.Since our debut, we have backed over 530 fast-growing and innovative companies. Over 200 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 70 portfolio companies that have achieved unicorn or super unicorn status.

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Investment focus

  • Health Care, Biotechnology, Medical
  • Series B, Series A, Series C
  • China, United States, Hong Kong

Portfolio highlights

  • iMile — iMile is a logistics and courier services provider across the Middle East. It is the first courier company providing smart logistics and courier services to the e-Commerce business and brings the unique value of solving Cash On Delivery (COD). iMile offers a wide range of services like Cash on Delivery with tracking, Real-Time online tracking, 24hours Customer support through Email, Chat, Social Media, SMS, International Transport, Overseas warehouses, and last-mile delivery.
  • Windward Bio — Windward Bio is a clinical-stage, drug development company committed to improving outcomes for people living with advanced immunological diseases.
  • Microtide Biotechnology — Microtide Biotechnology is an innovative company specializing in the field of in vivo cell therapy. The company is dedicated to advancing next-generation biomedical technologies that harness the body’s own cellular mechanisms for disease treatment, focusing on developing safe, effective, and precise therapeutic solutions to improve patient outcomesand redefine the future of regenerative medicine.
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HSG
VC Fund · Beijing, Beijing, China · 10 investments in the past 12 months

We help founders build enduring companies.

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Investment focus

  • Health Care, Biotechnology, Software
  • Series A, Series B, Series C
  • China, United States, Hong Kong

Portfolio highlights

  • MarqVision — Effortlessly discover and remove counterfeits to protect your sales and reputation.
  • Midas — Midas is the first neobroker of Turkey, providing zero commission Turkish and American stocks.
  • Yunzhou Zhiwei — Yunzhou Zhiwei is a high-tech startup focused on serving large-scale equipment maintenance industries such as aviation, aerospace, shipbuilding, and rail transit. It leverages smart maintenance concepts and advanced digital technologies to make complex equipment maintenance more efficient and lean. The company drives industrial transformationtoward intelligent maintenance, helping enterprises enhance growth, efficiency, and operational excellence.
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BioVenture
VC Fund · Suzhou, Jiangsu, China

Suzhou Industrial Park Bioventure Investment Management Limited (Bioventure) was established in September 2013. Bioventure its first element of the new bio-industry funds 540 million yuan fund size. Bioventure specialize in the field of life sciences in the early stages of the venture capital investments as having high strength and growth, greaterdevelopment space, excellent management team, biotechnology, drug discovery, medical devices and healthcare services companies, and provide capital, management , operation and other aspects of post-investment support and services.Bioventure brought together senior investment professionals team with bio-pharmaceutical industry investment experience, strong fund management, entrepreneurship and venture capital and operating experience in business, have a deep understanding of the domestic and foreign markets, capable of its forward-looking international perspective and extensive The industry has the potential resources to help innovative companies grow rapidly and gain greater success, while giving fund investors bring considerable returns.Suzhou Industrial Park, the core investor BioBay has the country's best medical and pharmaceutical incubator function, use the platform, the project team has great resources and industrial service advantages, Yuan-sheng venture has successfully invested in 20 projects have been cast projects in their own development and follow-up financing, has made outstanding achievements in the industry for all to see, and won the Venture's trust and praise.By focusing and extensive industry resources, Bioventure determined to become one of China's most successful medical and pharmaceutical venture fund. Bioventure expectations and in the medical and pharmaceutical industry where there joint venture development cooperation.

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Investment focus

  • Health Care, Medical, Biotechnology
  • Series A, Series B, Seed
  • China, United States, Hong Kong

Portfolio highlights

  • AnyiPu — AnyiPu is a leading high-tech enterprise in China dedicated to the research, development, production, sales, and full-cycle service of advanced chemical analysis and medical testing instruments. With a strong focus on innovation and quality, the company provides comprehensive solutions that support scientific research, industrial applications,clinical diagnostics, and public health.
  • MindOn — MindOn is a robotics company that develops artificial intelligence software and algorithms to create humanoid robots.
  • Ubiquitin Bio — Ubiquitin Bio is a research and development manufacturer of in vitro diagnostic products.
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Lilly Asia Ventures
VC Fund · Shanghai, Shanghai, China

Lilly Asia Ventures (LAV) is a leading biomedical venture capital firm headquartered in China, with offices in Shanghai, Hong Kong, and Palo Alto.

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Investment focus

  • Biotechnology, Health Care, Medical
  • Series A, Series B, Series C
  • China, United States, Hong Kong

Portfolio highlights

  • Pulnovo Medical — Pulnovo Medical integrates development, production and services. Our core products including use pf radiofrequency ablation technology to treat pulmonary hypertension. The high-frequency ablation equipment and intravascular catheters developed by the company are pioneer inventions with global invention patents.
  • LYNK Pharmaceuticals — LYNK Pharmaceuticals is a biotech company focusing on the discovery and development of novel medicines to treat oncology, immunology, and inflammatory diseases. The company was founded in 2018 and is headquartered in Hangzhou, Zhejiang, China.
  • Excalipoint Therapetics — Excalipoint Therapeutics is a Private limited company.
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Med-Fine Capital
VC Fund · Shanghai, Shanghai, China · 1 investment in the past 12 months

Med-Fine Capital is a venture capital firm focusing on early stage investments in China healthcare industry. The company is headquartered in Shanghai with offices in Beijing and Shenzhen.

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Investment focus

  • Health Care, Medical, Biotechnology
  • Series A, Seed, Series B
  • China, United States

Portfolio highlights

  • BV Laser — BV Laser is a manufacturer of medical beauty equipment.
  • Allink Biotherapeutics — Allink Biotherapeutics is a biopharmaceutical company that focuses on oncology and immunological treatment.
  • Excalipoint Therapetics — Excalipoint Therapeutics is a Private limited company.
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Kaitai Capital
VC Fund · Hangzhou, Zhejiang, China

KAITAI CAPITAL, founded in 2009, is a professional investment management organization that mainly engaged in innovative investment, industrial investment, and wealth management business. Fields of investment include biopharma, healthcare services, agriculture tech, consumer business, digital technology and etc.

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Investment focus

  • Biotechnology, Health Care, Pharmaceutical
  • Series A, Angel, Series B
  • China, United States

Portfolio highlights

  • OncoC4 — OncoC4, we are a clinical-stage biotechnology company committed to transforming cutting-edge science into breakthrough therapies.
  • Primelink Bio — Primelink Bio is a Biotechnology firm that is working to to develop next generation of drug delivery systems.
  • Astrocyte Pharmaceuticals — Astrocyte Pharmaceuticals Inc. is a privately held drug development company dedicated to accelerating the recovery and well-being of brain injury patients. The company is committed to proving the neuroprotective benefits of selective astrocyte activation, and advancing breakthrough therapeutic agents for treating brain injury resulting from stroke,TBI, concussion, and neurodegenerative disorders such as Alzheimer’s disease.
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Matrix Partners China
VC Fund · Beijing, Beijing, China

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

  • Health Care, Biotechnology, Software
  • Series A, Series B, Series C
  • China, United States, Hong Kong

Portfolio highlights

  • iOranges Automation — ioranges Automation is an AI & Robotics Company.
  • Ucello Therapeutics — Ucello Therapeutics is engaged in development of allogeneic cell therapies using its proprietary CAR-T cell technology platform CBT-X20.
  • Aureka Biotechnologies — Aureka Biotechnologies is a pioneering biotech firm dedicated to democratizing the pharmaceutical sector in order to conquer sickness.
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Frees Fund
VC Fund · Beijing, Beijing, China

By adopting revolutionary mechanisms, FREES FUND is devoted to change the long-established rules in the venture capital. By leveraging the cutting-edge technologies and resources, FREES FUND aims at investing in great startups and helping them grow into great enterprises that are valuable to our society. We mainly invest in early-stagestartups, and hope to become their first-round institutional investor. Our primary interested areas are broad-sense TMT (Technology, Media, Telecom), B2B and deep technology.

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Investment focus

  • Artificial Intelligence, Medical, Biotechnology
  • Series A, Seed, Angel
  • China, United States, Singapore

Portfolio highlights

  • SoundAI — Sound Technology is a science and technology innovation company that specializes in acoustics frontier technology and artificial intelligence interaction. It is committed to lead the more interactive experience of artificial intelligence in the real environment and realize the human-computer interaction vision that "listen to you and know whatyou think".
  • Mask Network — Your Portal To The New, Open Internet.
  • Oricell Therapeutics — OriCell Therapeutics aims to develop drugs with good efficacy and affordable prices for tumor immunotherapy.
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IDG Capital
VC Fund · Beijing, Beijing, China

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

  • Software, Internet, E-Commerce
  • Series A, Series B, Series C
  • China, United States, India

Portfolio highlights

  • Jumeng — Jumeng is a developer of a logistic service platform. The company based in Shanghai, China.
  • CreditEase — CreditEase is a business consulting firm that offers wealth management services. It caters areas such as wealth management, credit management, microfinance investment, and microcredit loan origination, and servicing. It operates a peer-to-peer platform that connects lenders with creditworthy borrowers, enabling under-banked students, professionals,and farmers to get loans. The company was founded in 2006 and is based in Beijing, China.CreditEase is a leading FinTech conglomerate in China, specializing in inclusive finance and wealth management, including payment technology, marketplace lending, crowdfunding, robo-advisory, insurance technology, and blockchain products and services. CreditEase actively engages with global FinTech innovators through business incubation, commercial cooperation and investment.
  • Cloud Map and Action — CloudMap is an AI technology innovation company dedicated to exploring and breaking through cutting-edge technologies in geographic information and spatial intelligent computing.
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Sherpa Healthcare Partners
VC Fund · Beijing, Beijing, China

Sherpa Venture Capital is an investment firm that focuses on the investment and cultivation of the Pharmaceutical and Biotech industry. It also specializes in the investment and management of sector leaders and innovators within the Pharma, GeneTech, MedTech, Medical services, and various sub-sectors, where they have established robust portfoliosources, lasting value-adding cooperations and relationships, as well as mature all-cycle services with key resources. It was founded in 2018 and is headquartered in Beijing, China.

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Investment focus

  • Biotechnology, Health Care, Medical
  • Series A, Series B, Series C
  • China, United States, Kenya

Portfolio highlights

  • Brise Pharma — Brise Pharma operates in the scientific research and technical service industry.
  • Spiro Medical — Spiro Medical is revolutionizing the treatment paradigm for patients with severe, chronic airway diseases.
  • Huihe Healthcare — Huihe Healthcare specializes in the development of medical devices for structural heart disease. The company was founded in 2019 and is headquartered in Shanghai, China.
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Seeds Capital
VC Fund · Singapore, Central Region, Singapore

Catalysing smart monies into Singapore-based, early-stage technology startups.

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Investment focus

  • Software, Biotechnology, Health Care
  • Seed, Series A, Funding Round
  • Singapore, United States, Hong Kong

Portfolio highlights

  • Nuevocor — Nuevocor is a preclinical-stage biopharmaceutical company focused on developing gene therapy‑based treatments that have the potential to restore cardiac function in diseased hearts.
  • Atomionics — Atomionics is building atomic sensors for navigation and resource exploration. Sensing technology is severely inadequate for a lot of applications navigation and positioning, pinpointing oil and gas reserves, tunnel detection etc. Atomionics builds atomic sensors harnessing quantum mechanical properties of the atoms. This enables measurement ofparameters like gravity, acceleration and rotation with 1000x higher precision and accuracy than the current state of the art, leading to a completely new way of global positioning, and resource exploration.
  • Callio Therapeutics — We are advancing next-gen dual-payload ADCs with unique payload and linker tech to deliver dual agents to tumor cells, maximizing benefits for cancer patients.
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Northern Light Venture Capital
VC Fund · Beijing, Beijing, China

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

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Investment focus

  • Health Care, Medical, Biotechnology
  • Series A, Series B, Seed
  • China, United States, South Korea

Portfolio highlights

  • RootData — RootData operates as a Web3 asset data platform that pioneers in encapsulating both on-chain and off-chain data of Web3 assets.
  • Sanegene Bio — Sanegene Bio is currently operating in stealth mode.
  • Spiro Medical — Spiro Medical is revolutionizing the treatment paradigm for patients with severe, chronic airway diseases.
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Legend Capital
VC Fund · Beijing, Beijing, China

Legend Capital, a subsidiary of Legend Holdings Ltd., started its vintage year in April, 2001 with a mission to become a top-notch and the most respected venture capital investment manager in China.Managing up to US$700 million across four funds, Legend Capital focuses on driving high-growth ventures with operations substantially based in Chinaor on markets related to China.Legend Capital mainly invests in early stage IT companies, specifically, in sectors of network applications and services, outsourcing and professional services, Infrastructure (IC design/key components), and mid-market growth stage companies in the fields of consumer goods, clean technology, health care, equipment manufacturing and modern services.Among over 60 portfolio companies are Joyo.com (acquired by Amazon.com), SinoCom (0299.HK), Solarfun Power (Nasdaq: SOLF), Spreadtrum Communications (Nasdaq: SPRD), China Sunshine Paper (2002.HK), and VanceInfo (NYSE:VIT), Eyang (0117.HK), etc.As an active investor, Legend Capital provides its portfolio companies extensive business resources and tailored services to assist with business development, company image building, and other critical company building activities on Chinese market so as to add value and maximize returns. Legend Capital is proud and thankful that it has the opportunity to blaze a trail with its innovative practice for China's venture capital industry.

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Investment focus

  • Health Care, Medical, Biotechnology
  • Series B, Series A, Series C
  • China, United States, South Korea

Portfolio highlights

  • Pony.ai — Pony.ai is a startup that builds full-stack autonomous driving solutions. It is a pioneer in autonomous mobility technologies and services across the US and China, spearheading public-facing Robotaxi pilots in both markets. Pony.ai is committed to creating a safe and sustainable mobility future by delivering autonomous mobility everywhere.Thecompany was founded by James Peng and Tiancheng Lou in 2016 and is headquartered in Fremont, California, United States.
  • Bloks Technology Group — Bruco uses innovative technology to create the ultimate product experience and create long-term value for users. The group currently has four core business segments, including Bruker Building Blocks, Bruker Animation, Bubble Education, and Brock Education. Bruco strives to create a whole ecological industry chain with "building blocks +"as the core, and at the same time applies to build blocks to various application scenarios, and lays out a complete T (Toy toy) + A (Animation animation) + G (Game game) +E (Education Education) industry vision.
  • Noitom Robotics — Noitom Robotics is an intelligent robot development company specializing in the sales, installation, and maintenance of industrial robots, as well as the sale of consumer robots and the research and development of intelligent robots.
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Hillhouse Investment
VC Fund · Changyang, Beijing, China

Founded in 2005, Hillhouse is a leading global investment management firm, active across public equity, private equity, real estate and private credit. The firm invests over a long-term horizon and partners with exceptional entrepreneurs to deliver sustainable value creation for quality companies.Hillhouse is a full life-cycle private equityfirm, investing for the long term across opportunities in the healthcare, business services, consumer, and industrials sectors. The firm manages capital on behalf of global institutions such as non-profit foundations, endowments, and pensions.

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Investment focus

  • Biotechnology, Health Care, Software
  • Series B, Series A, Series C
  • China, United States, Singapore

Portfolio highlights

  • Sainte — Sainte is a company which provides professional nutritional solutions for babies with different nutritional needs
  • Vita Dynamics — Vita Dynamics involves learning through real-world interactions by developing robots that can physically engage with their environment, they can adapt more naturally and efficiently.
  • Horizon Continental Technology — Horizon Continental Technology is a joint venture between Continental Group and Horizon Robotics
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TF Capital
VC Fund · Pudong, Shandong, China

TF Capital is a proprietary trading company that specializes in foreign exchange and invests in early stage ventures.

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Investment focus

  • Biotechnology, Health Care, Medical
  • Series A, Series B, Funding Round
  • China, United States

Portfolio highlights

  • Sanegene Bio — Sanegene Bio is currently operating in stealth mode.
  • CytoLynx Therapeutics — CytoLynx Therapeutics is a R&D and commercial platform leveraging Cytovia’s unique technologies and product pipeline.
  • Vivatides Therapeutics — Vivatides Therapeutics develops new RNA treatments to help improve patients' lives using biotechnology research.
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CDH Investments
VC Fund · Kowloon City, Kowloon, Hong Kong

CDH Investments is an international alternative asset fund manager with over $27 billion of assets under management. CDH Investments was established in 2002 by the former private equity group of China International Capital Corporation and is managed by an experienced team of senior private equity professionals who have worked together for manyyears focusing all their professional time on investing in China. CDH has consistently delivered superior returns relative to industry peers and is well positioned to continue to generate superior returns due to the team's proven investment experience and expertise investing in China.

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Investment focus

  • Manufacturing, Health Care, Biotechnology
  • Series A, Series B, Series C
  • China, United States, Canada

Portfolio highlights

  • HjMicro — Hongjun Microelectronics is committed to the development of "higher efficiency and easier deployment" server processor (CPU) chips based on the ARM architecture, mainly for the data center cloud computing market.
  • ZSPepLib — Zonsen PepLib Biotech Inc. Zonsen PepLib Biotech Inc. is a high-tech biopharmaceutical enterprise that is dedicated to advancing global innovation in the discovery of new peptide drugs. Founded in September 2017, PepLib is headquartered in Zhuzhou, China, with a subsidiary in New Jersey, USA.
  • Corerain Technologies — Corerain Technologies provides high performance AI acceleration solutions to embedding frontend, edge and backend AI devices.
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UntroD Capital
VC Fund · Sumida, Tokyo, Japan

UntroD Capital is an R&D-based innovative technology that specializes in social implementation.

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Investment focus

  • Manufacturing, Biotechnology, Robotics
  • Funding Round, Seed, Series A
  • Japan, Singapore, Austria

Portfolio highlights

  • Innovacell — Innovacell is a biotechnology firm entirely focused on the area of tissue engineering and it operates one of Europe's largest and most modern production facilities for the proliferation of the body's own tissue cells. Its supervisory board is chaired by the experienced financial expert, Dr. Harald Pöttinger, a director of Alpine EquityManagement AG, based in Bregenz, Austria. Innovacell currently employs 20 staff as well as numerous outside experts.
  • Illumi Medical — Illumi Medical is a manufacturing company that produces medical equipment and devices for the healthcare sector.
  • Blue Whale Energy — Blue Whale Energy connects and optimises distributed batteries across Singapore, helping businesses and solar developers unlock new revenue streams while supporting a cleaner, more reliable grid.
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Mitsubishi UFJ Capital
VC Fund · Tokyo, Tokyo, Japan

Mitsubishi UFJ Capital is a venture capital firm focusing on life science, ICT, and high technology investments.

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Investment focus

  • Information Technology, Software, Health Care
  • Funding Round, Series A, Series B
  • Japan, United States, Singapore

Portfolio highlights

  • Superworm — Superworm is a producer of environmentally friendly and long-term solutions to societal challenges. The company undertakes genome editing research and sells protein powders, biofuels, and organic fertilizers made from superworms, allowing customers to consume insect-derived proteins and biofuels.
  • Japan Agriculture — Exportation of Japanese agricultural products is currently small in volume. While Japanese farmers aspire to export their products to foreign countries for more people to enjoy and local consumers universally share the positive perception of the quality of Japanese agricultural products, issues such as price, communication, and logistics hinder theexpansion of exportation.They aim to solve these issues and satisfy the needs of both Japanese farmers and global consumers which are so clearly evident but devastatingly unmet.
  • Bluefield Energy — Bluefield Energy redefines Japan's electricity sector through technology-driven renewable energy solutions. Its mission centers on liberating people and society from energy constraints by tackling high costs, environmental impact, and supply instability.
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Fast Track Initiative, Inc.
VC Fund · Hongo, Tokyo, Japan · 2 investments in the past 12 months

Fast Track Initiative is a venture capital firm with an exclusive focus on life sciences and healthcare services.

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Investment focus

  • Health Care, Biotechnology, Medical
  • Series A, Seed, Funding Round
  • Japan, United States, United Kingdom

Portfolio highlights

  • Ichirou — Ichirou provides digital senior care support services to connect elderly people with caretakers. It offers caretaker services for different types of support, including housework, hospital care, nursing, hospital and doctor visits, and shopping assistance.
  • RegCell — RegCell aims to generate novel therapeutic technologies through augmenting or controlling the immune system and our goal is to save patients who suffer from autoimmune diseases and cancer .
  • Metagen Therapeutics — Metagen Therapeutics is a Drug discovery and medical business company which utilizes microbiome science.
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Highlight Capital
VC Fund · Nanjin, Jiangsu, China

Highlight Capital is an investment firm dedicated to support healthcare companies to generate robust and sustained growth prospect.

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Investment focus

  • Health Care, Medical, Biotechnology
  • Series A, Series B, Seed
  • China, United States, Portugal

Portfolio highlights

  • Realm of Illumination — Realm of Illumination is an AI smarter hardware developer that focuses on the research and development of AI smart terminal equipment and sensors to fulfill the application needs of artificial intelligence and the Internet of Things.
  • Vivatides Therapeutics — Vivatides Therapeutics develops new RNA treatments to help improve patients' lives using biotechnology research.
  • Novachip Microelectronics — Novachip Microelectronics is a high-tech enterprise specializing in the design, research and development, and sales of advanced optoelectronic interconnect chips. The company is committed to providing cutting-edge chip products and comprehensive solutions that enable high-speed scale-up and scale-out interconnects in modern data centers.
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CD Capital
VC Fund · Shanghai, Shanghai, China

CD Capital is a venture capital firm specialized in life sciences and medical technology. They are currently managing both RMB and USD funds with total size of $600M. CD Capital is operated by a professional team with diversified and profound industry backgrounds. They have made over 40 investments with high growth potential and earned a reputationas a premier venture capital firm with main focus on China healthcare industry. With broad network around China and the world, they have been able to seize the global trend, capture investment opportunities as well as help to define the future for China healthcare industry. Ultimately, they strive to grow best-in-class companies and deliver solid financial return to their investors.

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Investment focus

  • Health Care, Biotechnology, Medical Device
  • Series A, Series B, Seed
  • China, United States

Portfolio highlights

  • Senas Medical — Senas Medical focuses on innovative cardiac electrophysiology solutions.
  • Healingovation — Healingovation is a med-tech company that specializes in the development and manufacturing of surgical robots, intelligent diagnosis and treatment equipment.
  • Qihe Biotech — Qihe Biotech develops novel genome editing technologies with an emphasis on making them autonomous and programmable.
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Osaka University Venture Capital
VC Fund · Osaka, Osaka, Japan

Osaka University Venture Capital is a venture capital firm that focuses on early-stage ventures in the fields of life innovation, green innovation, and platform technology. The firm was founded in 2014 and based in Osaka, Japan.

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Investment focus

  • Biotechnology, Health Care, Manufacturing
  • Funding Round, Seed, Series A
  • Japan

Portfolio highlights

  • QunaSys — Quantum physics is a relatively new field built since the beginning of the 20th century, but we have used MRI (nuclear magnetic resonance equipment) and lasers used for close examinations in hospitals, and semiconductors mounted on computers. Supports the technology that supports the daily life of people.QunaSys was established to bring out thequantum physics that has been active behind the scenes to the front stage, and to make use of quantum properties to realize technologies that could not be achieved with existing technologies.
  • Thinker — Thinker provides sales of proximity sensors and proposed solutions using these products.
  • Celaid Therapeutics — Celaid Therapeutics specializes in manufacturing and sales of regenerative medicine products utilizing human hematopoietic stem cells.
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ANRI
VC Fund · Tokyo, Tokyo, Japan

ANRI is a Japanese venture capital firm that mainly invests in seed and early-stage startups.

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Investment focus

  • Software, Information Technology, Health Care
  • Seed, Series A, Funding Round
  • Japan, United States, India

Portfolio highlights

  • Taian — Taian, which specializes in bridal industry services and software. They also provide ''Concept Marry,'' which allows couples to design invites and seating charts that match their wedding theme, as well as display guest information on Oiwaii.
  • Tacoms — CAMEL is a service that allows you to easily manage orders from multiple food delivery / takeout services on a single tablet.
  • Linea Innovations — Linea Innovations is an energy production company that develops commercial fusion reactors with advanced fuel technology.
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Puhua Capital
VC Fund · Hangzhou, Zhejiang, China

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

  • Health Care, Medical, Biotechnology
  • Series A, Series B, Seed
  • China, United Kingdom, United States

Portfolio highlights

  • BasePoint Origin — BasePoint Origin is a high-tech company focused on developing an AI operating system that automatically characterizes enterprise business processes. This system replaces traditional manual methods—such as expert visits, data collection, and modeling—with AI, greatly enhancing the efficiency and accuracy of optimizing business processes.
  • Unbounded Dynamics — Unbounded Dynamics is a robotics and embodied intelligence startup focused on developing foundational AI “brains” and operational intelligence for robots and autonomous systems aimed at industrial and B-end scenarios. It works on the coordination of perception (“eyes”), manipulation (“hands”), and decision-making (“brain”) in physical robots bybuilding general basic models and expert system integrations as part of a hardware-software architecture to enable continuous iterative evolution of embodied intelligence.
  • Coherent Technology — Coherent Technologies, a company that provides superconducting quantum computing technology solutions and quantum computing services, was founded at the Beijing Academy of Quantum Information Science. Leveraging the academy's foundation in superconducting quantum computing science and engineering research, Coherent Technologies has graduallyconstructed a complete superconducting quantum computing measurement and control solution, as well as the ability to develop complete quantum computers.
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Cowin Capital
VC Fund · Shenzhen, Guangdong, China

Cowin Capital is a private placement equity investment company focusing on investing in a pioneering enterprise on a long-term basis. It has 18 years of experience in capital management, whose capital management scale was among the front rank, which invested more than 300 companies, of which 60 more became public companies, and 150 moresuccessfully exit.The company was successfully listed on NEEQ, with code 832793, as the third listed famous domestic venture capital institution in NEEQ. It is committed to supporting the growth of small and medium enterprises, continue to launch high-quality listed companies in China Capital Market.

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Investment focus

  • Manufacturing, Health Care, Biotechnology
  • Series A, Series B, Seed
  • China, Hong Kong, United States

Portfolio highlights

  • Hengpujiguang — Hengpujiguang is a developer of 3D printing metal machine.
  • Yinli Electric — Ningxia Yinli Electric Co., Ltd. is mainly engaged in the production and research and development of reactors and transformers. At present, the company's main products include: three-phase filter reactors, four-phase five-column reactors, water-cooled reactors, three-phase AC reactors, hollow core Reactors, isolation transformers andhigh-frequency transformers, etc.
  • Depei Open Source — Depei Open Source is an AI and Robotics open source community in China.
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SMBC Venture Capital
VC Fund · Tokyo, Tokyo, Japan

Sumitomo Mitsui Banking Corporation (SMBC) and its group companies offer a broad range of financial services centered on banking. They are also engaged in the leasing, securities, credit card, investment, mortgage securitization, venture capital and other credit related businesses. The following lists the activities of SMBC, its subsidiaries andaffiliates in the various business segments.

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Investment focus

  • Information Technology, Software, Health Care
  • Funding Round, Series A, Series B
  • Japan, United States, Singapore

Portfolio highlights

  • Opt Fit — Opt Fit is a fitness industry that provides fitness, wellness and health-care services.
  • Monochrome — Monochrome is creating a home operating system in order to power the next generation of energy-producing homes and roofs. The company is based in Chuo Ward, Tokyo.
  • Bluefield Energy — Bluefield Energy redefines Japan's electricity sector through technology-driven renewable energy solutions. Its mission centers on liberating people and society from energy constraints by tackling high costs, environmental impact, and supply instability.
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Prox Ventures
VC Fund · Shanghai, Shanghai, China

Proxima Ventures focuses in the healthcare industry, supporting outstanding enterprises with innovative technologies or service models that have tremendous potential.They manage multiple funds in RMB and US dollar, covering from seed to growth stages. Their team members with multidisciplinary backgrounds and resourceful networks, have many yearsof remarkable venture capital experience and achievements. They believe that active and effective collaboration with entrepreneurs will make substantial economic returns while bring meaningful improvements in public health.

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Investment focus

  • Medical, Biotechnology, Health Care
  • Seed, Funding Round, Series A
  • China, United States, United Kingdom

Portfolio highlights

  • Brise Pharma — Brise Pharma operates in the scientific research and technical service industry.
  • Tuanxiang Pharmaceutical — Tuanxiang Pharmaceutical is an innovative drug research and development company that combines traditional new drug research and development with the use of the world's leading unique phase separation technology.
  • Rapafusyn Pharmaceuticals — Rapafuysn is pioneering RapaGlues - a modality of non-degrading molecular glues that addresses hard-to-drug targets.
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Green Pine Capital Partners
VC Fund · Shenzhen, Guangdong, China

Shenzhen Green Pine Capital Partners Co. Ltd. (“GPCP”) was established in 2007, with the investment team assembled in 2000. GPCP is one of the most time-honored Chinese VC companies that boast experience in areas such as biotech, new materials, new resources and AI, etc. Currently, GPCP manages assets over 15 billion RMB through 21 special fundsand have invested 7 billion RMB into 388 enterprises among which 14 are listed on NEEQ and 48 of them are either listed or acquired by listed companies, including BGI(300676.SZ), Aurora(600666.SH), Nationz Tech(300077.SZ), Foresee(002530.SZ), Qudian(NASDAQ:QD), etc. GPCP invested in the angel round of BGI (Beijing Genomics Institute), Royole, Kuang-Chi, Appotronics, BMF, C-one, Arrayed Materials and other star enterprises.GPCP is based in Shenzhen, with branches in Beijing, Shanghai and Guangzhou. GPCP also runs two GPI incubators and an incubator for overseas Chinese scientists who start businesses in China.

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Investment focus

  • Software, Biotechnology, Manufacturing
  • Series A, Series B, Angel
  • China, United States, Canada

Portfolio highlights

  • APOLLOMICS — APOLLOMICS is a biotechnology company that develops domestic clinical testing reagents and provides disease testing services.
  • Zhiyou Wujie — Zhiyou Wujie will develop specialized robots for ship painting, cleaning, and container interior space planning, based on a general-purpose large model.
  • Signet Therapeutics — Signet Therapeutics is a cutting-edge firm that conducts research and development on cancer-targeted drugs using AI and organoid disease models.
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Linear Capital
VC Fund · Shanghai, Shanghai, China

Linear Capital is a Frontier Tech Fund founded in 2014 by Harry Wang, Facebook's first Chinese R&D manager. We currently manage 10 funds with AUM of more than $2 billion.

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Investment focus

  • Artificial Intelligence, Software, Manufacturing
  • Seed, Angel, Series A
  • China, Singapore, Switzerland

Portfolio highlights

  • Rino — L4 autonomous delivery vehicles by Rino.ai serve logistics, retail, and cold chain needs across 100+ cities. Revolutionize your logistics with Autonomous Delivery Vehicles, offering a safe, efficient, and eco-friendly solution for last-mile delivery in urban and rural settings.
  • Octopus Power — Octopus Power develops physics-based artificial intelligence systems focused on physical AGI, enabling machines to perceive, reason, and act within real-world environments. The company builds models that integrate physical laws with data-driven learning to support embodied intelligence, allowing systems to interact with and adapt to dynamicphysical conditions. Its technology is designed to move beyond purely digital AI by incorporating simulation, control systems, and real-world feedback loops into intelligent decision-making.The platform supports applications in robotics, industrial automation, and complex physical systems where understanding motion, force, and environmental constraints is essential. It leverages continuous learning mechanisms that allow systems to evolve over time, improving performance through interaction and data accumulation. Octopus Power also develops infrastructure for training and deploying these models, including simulation environments and tools for integrating AI with physical hardware.
  • Green Carbon Synthesis — Green Carbon Synthesis is a process developer for green fuel production, focusing on sustainable aviation fuel, biodiesel, and bio-naphtha, using Fischer-Tropsch synthesis technology.
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UTEC - The University of Tokyo Edge Capital Partners
VC Fund · Tokyo, Tokyo, Japan

UTEC-The University of Tokyo Edge Capital Partners Co., Ltd.. UTEC is a seed/early stage technology focused venture capital firm associated with The University of Tokyo.

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Investment focus

  • Health Care, Biotechnology, Medical
  • Seed, Series A, Funding Round
  • Japan, United States, India

Portfolio highlights

  • Triorb — Triorb is a technology company that specializes in robot mobility development with the help of software and hardware solutions.
  • Aerem — Make the switch to rooftop solar effortlessly with Aerem solution's innovative solar finance and technology solutions. Discover how we're making solar adoption easier than ever before and start saving on your energy costs.
  • Power Wave — Power Wave seeks a carbon-neutral world using wave technology for wireless power, tackling global warming and fuel depletion.
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Delian Capital
VC Fund · Beijing, Beijing, China

Founded in 2011, Delian Capital specializes in the field of tech-driven industry such as high-end manufacturing, cutting-edge technologies, and healthcare. Their investments range from robotics, Smart manufacturing Semiconductor, AI, big data, enterpriseservices, healthcare, etc.Examples of their investment portfolio: YueBoo、Hunan zhongli、Esafenet、Venus MedTech、MicuRx、Rokae、 IMI、12 Sigma Technologies.

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Investment focus

  • Biotechnology, Manufacturing, Health Care
  • Series A, Seed, Series B
  • China, United States, France

Portfolio highlights

  • Lingke Medical — Lingke Medical is a company specializing in intelligent temperature-controlled therapy technology, dedicated to developing innovative medical solutions that integrate advanced sensing, precise thermal regulation, and smart control systems to improve treatment effectiveness, patient comfort, and clinical outcomes across a range of healthcareapplications.
  • Neowise — XinjingZhiyuan is an immune cell therapy company focusing on solid tumors.
  • Lingji Tianci Technology — Lingji Tianci is an innovative technology company specializing in AI companionship solutions for children, focusing on “AI family interactive social” products and smart hardware. The company aims to become the “Nintendo” of the children’s AI development partner sector, leveraging intelligent hardware and proprietary AI content to create interactiveexperiences that encourage exploration and growth for families and children.
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Gaorong Capital
VC Fund · Wangjing, Beijing, China

Gaorong Capital is a venture capital firm that focuses on early and growth stage investments in TMT, including AI and frontier technologies.

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Investment focus

  • Information Technology, Artificial Intelligence, Software
  • Series A, Series B, Series C
  • China, United States, Hong Kong

Portfolio highlights

  • AIpark — AIpark is provides a smart parking management solution. AIPark upgrades traditional parking spaces into “smarter ones” for local governments or businesses by leveraging on its in-house visual recognition technologies.
  • XYZ Robotics — XYZ Robotics develops AI-enabled robotic perception and manipulation technology for logistics and manufacturing automation. The company develops autonomous robotic solutions for put wall sorting and goods-to-person picking. Its robot sorts unorganized, random warehouse goods into groups of customer orders. The solution embodies its strength in deeplearning and robotics.
  • Danke Apartment — Danke Apartment (蛋壳公寓) is a leading internet enabled apartment management startup in China. Founded in Jan 2015, Danke is managing over 320K apartment units in Beijing, Shanghai, Shenzhen, Hangzhou, etc
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BioTrack Capital
VC Fund · Shanghai, Shanghai, China

BioTrack Capital invests in early and growth stage companies within life sciences, healthcare technology, biotechnology and related high-tech sectors, providing capital and investment support for innovation. The firm evaluates scientific and commercial potential of ventures and structures financings aimed at advancing technologies from earlyresearch to market engagement. Its activities include sourcing opportunities, conducting due diligence, and working with founders and management teams to align growth strategies with investor objectives. BioTrack Capital also participates in funding rounds alongside co-investors to support development of novel healthcare and tech solutions. The company engages with portfolio companies through strategic interaction and monitoring of progress toward business milestones.

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Investment focus

  • Health Care, Biotechnology, Medical
  • Series A, Series B, Seed
  • China, United States, Singapore

Portfolio highlights

  • Oukejian — Oukejian specializes in researching and developing innovative large-molecule drugs for prevalent fundus diseases.
  • Aureka Biotechnologies — Aureka Biotechnologies is a pioneering biotech firm dedicated to democratizing the pharmaceutical sector in order to conquer sickness.
  • Rapafusyn Pharmaceuticals — Rapafuysn is pioneering RapaGlues - a modality of non-degrading molecular glues that addresses hard-to-drug targets.
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Keio Innovation Initiative
VC Fund · Tokyo, Tokyo, Japan

Keio Innovation Initiative (KII) is a venture capital established by Keio University. In order to make more effective use of the research results of Keio University, we aim to contribute to the development of society by creating investment for venture companies that utilize research results and creating new industries.The key to thinking aboutJapan's future growth strategy is to utilize advanced research results of the university. In addition to GDP, in addition to GDP, Japan is the world's third largest R & D exporter in R & D expenses, but as the low growth rate shows, it has a problem in investment efficiency in research and development. There are also reports on the entrepreneurial spirit that is indispensable for creating new industries, with the lowest entrepreneurial activity rate among developed countries.

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Investment focus

  • Health Care, Medical, Biotechnology
  • Series A, Funding Round, Seed
  • Japan, United Kingdom

Portfolio highlights

  • Space quarters — Space Quarters is a manufacturing company that produces payload deploy and panels, and develops space assembly robotic systems.
  • Surv Biopharma — Surv Biopharma develops a drug discovery platform that facilitates research and development of veterinary drugs and pharmaceutical products.
  • Metagen Therapeutics — Metagen Therapeutics is a Drug discovery and medical business company which utilizes microbiome science.
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Shenzhen Capital Group
VC Fund · Shenzhen, Guangdong, China

Shenzhen Capital Group Co., Ltd (“SCGC”) is a limited venture capital company established by the Shenzhen Government in 1999. Since its establishment, SCGC has focused on cultivating national industries, shaping national brands, promoting economic transformation, and emerging industries developing. SCGC has registered capital of 5.42 billion RMB,and a total AUM of 338.99 billion RMB. SCGC primarily invests in SMEs, innovative high-tech enterprises, enterprises in emerging industries, and enterprises in start-up period, growth period and in transformation, covering industries supported by national policies, including IT, internet, new media, biopharma, new energy, environmental protection, chemical engineering, new material, high-end equipment manufacturing, consumption goods, modern service, etc. By the end of April 2019, SCGC ranked the first based on the number of portfolio companies and the number of listed portfolio companies: 994 portfolio companies, investments totaling 43.9 billion RMB, 145 of which have been listed in 16 capital markets worldwide.

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Investment focus

  • Manufacturing, Health Care, Information Technology
  • Series A, Series B, Series C
  • China, United States, Japan

Portfolio highlights

  • MAXVAX — MAXVAX aims to provide novel vaccine development and commercialization.
  • Tauren — Tauren is a domestic and hybrid design enterprise of analog and analog-digital chips. At present, the company has won the recognition of the top first-line customers and the strong support of the first-line investment institutions; in the future, it will continue to cultivate the analog and analog-digital hybrid design track, and provide highlycompetitive standardized products for the market landing demand. Provide customers with stable and first-class quality semiconductor products.
  • Maxphotonics — Maxphotonics has obtained 448 patents and 23 computer software copyrights. Specifically pulsed fiber lasers, CW fiber lasers, QCW fiber lasers, diode lasers, scientific research fiber lasers, and customized laser solutions, and has achieved independent production of laser core optical components such as pump source, pump combiner, energy combiner,fiber grating, laser output head, isolator, mode stripper, acoustic-optic modulator, and mode matcher.Maxphotonics products can be widely used in marking, engraving, cutting, drilling, cladding, welding, surface treatment, rapid prototyping, additive manufacturing, and other processing technologies. The sales and service network covers Asia, Europe, America, Oceania, etc. countries and regions.
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K2VC
VC Fund · Beijing, Beijing, China

K2VC (Xianfeng Evergreen) was founded in 2010, focused on early stage investment in technology start-ups in China, focus on promoting change and technological progress, innovative business models and lifestyles.

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Investment focus

  • E-Commerce, Manufacturing, Biotechnology
  • Series A, Seed, Angel
  • China, United States, Japan

Portfolio highlights

  • Zhicheng Power — Zhicheng Power is a fully automatic life service provider that specializes in the research, development, and manufacturing of household intelligence robots and other smart equipment, offering one-stop fully automatic life service solutions to all consumer families.
  • Tongwei New Energy — Tongwei New Energy is a company that manufactures zero-carbon solid oxide fuel cells. Its major product is distributed zero-carbon power plants.
  • Zhongling Xingneng — Zhongling Xingneng provides green energy services. It focuses on household photovoltaics and the topic of distributed photovoltaics. It delivers solutions for the whole life cycle of rooftop photovoltaic power plants, including investment, consultancy, design, building, operation, and maintenance, to residents and industrial and commercialcompanies. New energy ecological sectors, such as energy storage and wind power, will be developed in the future.
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Legend Star
VC Fund · Beijing, Beijing, China · 3 investments in the past 12 months

Legend Star helps entrepreneurs create great businesses through investments, CEO training sessions and an entrepreneurs alliance.Since 2008, Legend Star has incubated and invested in nearly 600 companies and is deeply integrated in the Chinese entrepreneurial ecosystem.Legend Star is the independent early-stage investment arm of LegendHoldings. Legend Holdings is the parent company of Lenovo, Raycom Real Estate, Joyvio Agribusiness and a large range of fast-growing Chinese companies.

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Investment focus

  • Health Care, Medical, Biotechnology
  • Series A, Seed, Angel
  • China, United States, France

Portfolio highlights

  • VelaVigo — VelaVigo is a start-up company engaged in macromolecular biopharmaceuticals.
  • Zhizai Wujie — Zhizai Wujie is a robotics company that specializes in research, development, and application of humanoid robots.
  • Direct Drive Technology — Direct Drive Technology provides direct drive solutions to replace the reduction gears in any machine. The company has a complete set of technologies for robot joints from sensors, drivers to motor bodies. Drive Tech uses a unique direct drive precise & powerful motion solution, thereby helping many other industries to boost different products.
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SDIC Venture Capital
VC Fund · Xicheng, Hebei, China

ounded in 2016, SDIC Venture Capital Co., Ltd. (SDICVC) is a fund management company founded by the State Development and Investment Corp. (SDIC), under a market driven governance structure. SDICVC currently manages four funds, with total asset under management at RMB 14 Billion.SDICVC puts into practice the marketization and industrializationof the nation’s scientific and technological achievements, focusing on an investment strategy of "serving the national innovation strategy and focusing on the transformation of scientific and technological achievements". SDICVC puts its expertise and experience to work to achieve its goals of policy orientation and return on investment, faithfully implementing the national development strategy, striving to realize the synergy between the government, the society and the market, realizing its positioning as "an ideal, trustworthy, respected, influential partner” and its role as a leading professional venture fund management institution.

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Investment focus

  • Manufacturing, Biotechnology, Electronics
  • Series B, Series A, Funding Round
  • China, United States, Hong Kong

Portfolio highlights

  • Yanshengchao — Room A204-1, Floor 2, Building 2, Yard 9, Yike Road Life Science Park, Changping District Beijing China
  • AI² Robotics — AI² Robotics is an embodied intelligent robot company that offers research and development of general intelligent embodied terminals.
  • United Optics Technology — United Optoelectronics Technology specializes in the spot supply of optical components, laser optical components, image lenses, optomechanical components, and optoelectronic instruments.
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Cowin Venture
VC Fund · Beijing, Beijing, China · 1 investment in the past 12 months

Founded in 2009, Cowin Venture is an angel and early-stage investor in TMT and Healthcare. We keep nurturing growth-stage companies graduated from their angel investment portfolio. Cowin’s business network covers China and USA. They have offices in Suzhou, Nanjing, Shanghai, Beijing and Hong Kong.

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Investment focus

  • Health Care, Biotechnology, Medical
  • Series A, Angel, Series B
  • China, United States, Canada

Portfolio highlights

  • Fine Vision — Fine Vision is a company with R&D facilities in Nanjing and Wuhan that focuses on femtosecond laser application research in the fields of ocular surgery and biomaterial processing. The entire femtosecond laser corneal refractive surgery equipment, its first commercially available item, was developed by the university's WuhanOptoelectronics National Research Center under the Huazhong Technology Technology transition.
  • Guanchen Biotechnology — Guanchen Biotechnology is a developer of innovative cosmetic ingredients.
  • Excalipoint Therapetics — Excalipoint Therapeutics is a Private limited company.
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ZhenFund
VC Fund · Beijing, Beijing, China

ZhenFund is a seed fund founded by former entrepreneurs to invest in the most promising innovators. New Oriental co-founders Bob Xiaoping Xu and Victor Qiang Wang established ZhenFund in 2011 in collaboration with Sequoia Capital China. ZhenFund now has a network of over 800 portfolio companies, including over 30 unicorns based in China. Webelieve that great businesses start with exceptional founding teams. We are dedicated to helping our entrepreneurs build successful companies by providing them with mentorship and the best resources available. Some of our services include biannual demo days to top Chinese VCs, ZhenHR services, marketing and PR consulting, as well as fundraising. Our strong and large CEO network also facilitates entrepreneurs helping each other, especially via our WeChat platform. ZhenFund has been ranked as the “#1 Early-Stage Investment Firm” for six years. Bob Xiaoping Xu, Founder of ZhenFund, has been named on the Midas List since 2016 and ranked #11 in 2019. Anna Fang, Founding Partner and CEO of ZhenFund, has been named on the Midas List since 2019 and made her 4th appearance as #12, and #1 on Midas Seed List in 2022.

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Investment focus

  • Artificial Intelligence, Software, E-Commerce
  • Series A, Seed, Series B
  • China, United States, Singapore

Portfolio highlights

  • Teable — Teable is an AI-driven, no-code, enterprise-grade database built on PostgreSQL that uses a spreadsheet-like interface to enable rapid creation of complex applications. It supports AI integration, real-time collaboration, and private deployment, offering a fast, scalable, and secure solution for efficient app development without coding.
  • ImageDT — ImageDT is a Enterprise services company.
  • Zhaogang.com — Zhaogang.com is a website that is specialized in steel trading information services for buyers and suppliers. Zhaogang.com obtained ten millions of dollars in angel funding at the end of 2011. It was launched in 2012.
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Baidu Ventures
VC Fund · Beijing, Beijing, China

Doma Protocol is a purpose-built blockchain to modernize and unlock the liquidity of over 362M existing and future domains

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Investment focus

  • Artificial Intelligence, Health Care, Biotechnology
  • Series A, Seed, Series B
  • China, United States, Singapore

Portfolio highlights

  • InsForge — Go from prompt to a production backend in minutes. Your coding agent builds the database, wires up auth, and runs it for you.
  • Deep Optica — Deep Optica is an intelligent platform applies GenAI technology to the exploration and mineral trading process.
  • Fastlane — We take innovative brands global. Fastlane is a full-service D2C solutions provider that assists enterprises with brand development, business infrastructure, and sales creation/growth in European, North American and Asian markets. We offer a superior one-stop solution, with expertise in go-to-market strategy, traditional and digital marketing,PR, logistics, e-commerce, sales, and platform development. We work with companies big and small, and our custom-tailored solutions range in scope from basic consulting services to 360° turnkey operations.
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JAFCO
VC Fund · Tokyo, Tokyo, Japan

Since its founding in 1973, JAFCO has always worked with leading-edge entrepreneurs. The total capital commitments of its investment funds in Japan and overseas have exceeded 1 trillion yen and the number of portfolio IPOs to date has reached over 1,000. In addition to venture investment, JAFCO also carries out buyout investment and commit to thecreations of innovative technologies and services worldwide. As entrepreneurs’ closest partner in bringing their visions to life, JAFCO provides support in areas of HR, marketing/ sales, and back-office operations, in addition to providing financing.

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Investment focus

  • Information Technology, Software, Artificial Intelligence
  • Series A, Funding Round, Series B
  • Japan, United States, Israel

Portfolio highlights

  • QREATION — QREATION is a digital intellectual property studio specializing in producing a wide range of popular content that originates primarily from social media platforms. The company focuses on creating high-quality short-form entertainment, including short dramas, comedy sketches, and variety shows.
  • Forward — Forward is a SaaS-based startup that offers recruitment agency services.
  • Metagen Therapeutics — Metagen Therapeutics is a Drug discovery and medical business company which utilizes microbiome science.
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Addor Capital
VC Fund · Nanjing, Jiangsu, China

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

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Investment focus

  • Manufacturing, Semiconductor, Electronics
  • Series A, Series B, Funding Round
  • China, Hong Kong, Singapore

Portfolio highlights

  • Letuo Technology — Letuo Technology is a ASIC chip design & manufacturing firm focused on architecture and back end design, RTL coding, DFT, and synthesis.
  • Heguang New Energy — Heguang New Energy is China's largest producer of square silicon cores for polysilicon and has long-term and stable purchase agreements with a number of major polysilicon producers.
  • Matrix Software — Matrix Software is a research organization that focuses on the analysis, management, and prevention of information technology risks.
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LYFE Capital
VC Fund · Shanghai, Shanghai, China

LYFE Capital is a pure play healthcare focused investment firm. We believe that “Healthcare has no boundaries”, and that every new choice we made has the potential to advance healthcare and solve the unmet needs for everyone. LYFE Capital operates 5 global offices including our US headquarters in Menlo Park, California, our Asia headquarters inSingapore, as well as locations in Seoul, Tokyo and Shanghai. We leverage our expertise and global resources to invest in and create value for healthcare companies across the globe. LYFE Capital’s investments span medical devices, therapeutics, diagnostics, and emerging sectors across North America and Asia.

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Investment focus

  • Biotechnology, Health Care, Medical
  • Series B, Series A, Series C
  • China, United States, France

Portfolio highlights

  • Aspen Neuroscience — personalized cell therapy Starts with you Learn More about our technology
  • Starna Therapeutics — Starna Therapeutics offers development of innovative drugs with RNA as the core, and has an industry-leading RNA and organ-selective delivery technology platform with independent intellectual property rights; the company has established a rich R&D pipeline , covering infectious disease vaccines, tumor immunity and other fields.
  • ALLYRNA Pharmaceuticals — ALLYRNA, an innovative small molecule drug developer focused on first-in-class drug development, has established a unique platform for radiotherapy and immunotherapy sensitizers.
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Hillhouse Ventures
VC Fund · Singapore, Central Region, Singapore

Hillhouse Venture Capital is an investment institution established by Hillhouse Capital that focuses on investing in early-stage startups.

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Investment focus

  • Manufacturing, Biotechnology, Health Care
  • Series A, Series B, Seed
  • China, Singapore, Norway

Portfolio highlights

  • RoboticPlus.AI — RoboticPlus.AI is an robtics company that helps in architectural tech by providing intelligent robotic products for the construction sector.
  • Unbounded Dynamics — Unbounded Dynamics is a robotics and embodied intelligence startup focused on developing foundational AI “brains” and operational intelligence for robots and autonomous systems aimed at industrial and B-end scenarios. It works on the coordination of perception (“eyes”), manipulation (“hands”), and decision-making (“brain”) in physical robots bybuilding general basic models and expert system integrations as part of a hardware-software architecture to enable continuous iterative evolution of embodied intelligence.
  • HEMO BIOENGINEERING — HEMO BIOENGINEERING develops and provides innovative interventional medical devices to patients.
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Shunwei Capital
VC Fund · Beijing, Beijing, China

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

  • Manufacturing, Software, Internet
  • Series A, Series B, Series C
  • China, India, United States

Portfolio highlights

  • CertiK — CertiK, the largest Web3 security service provider, uses AI and formal verification to protect and monitor smart contracts and protocols, securing the Web3 ecosystem.
  • Snapmaker — Snapmaker is dedicated to providing an integrated platform empowering everyone to create things with ease that just wasn’t there before.
  • Shouxing Technology — AheadForm is pioneering the development of realistic humanoid robots designed to revolutionize human-robot interaction. Our current focus is on creating sophisticated humanoid robot heads that can express emotions, perceive their environment, and interact seamlessly with humans. By combining cutting-edge AI and advanced robotics, we aim to bring life to machines and transform the way humans engage with technology.
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Shunxi Fund
VC Fund · Beijing, Beijing, China

Shunxi Fund is an investment Fund. It is managed by Beijing State-owned Capital Operations and Management.

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Investment focus

  • Manufacturing, Biotechnology, Health Care
  • Series A, Seed, Series B
  • China

Portfolio highlights

  • Brise Pharma — Brise Pharma operates in the scientific research and technical service industry.
  • Microtide Biotechnology — Microtide Biotechnology is an innovative company specializing in the field of in vivo cell therapy. The company is dedicated to advancing next-generation biomedical technologies that harness the body’s own cellular mechanisms for disease treatment, focusing on developing safe, effective, and precise therapeutic solutions to improve patient outcomesand redefine the future of regenerative medicine.
  • Lingchuan Technology — Lingchuan Technology is a leading provider of software development services, offering innovative and customized solutions to meet the diverse needs of clients across various industries.
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Empower Investment
VC Fund · Shanghai, Shanghai, China · 1 investment in the past 12 months

Empower Investment was founded in 2012 in Shanghai, China. Their investment covers early-stage ventures, mid-stage growth, and securities in the public market. With headquarters in Shanghai, the company established branch offices in Beijing, Shenzhen, Hangzhou and Chengdu. Empower Investment has invested in over 150 high-tech and high-growthcompanies on a global scale covering regions including China, U.S, India, South Korea, Vietnam and Hong Kong. Their portfolio companies include fast-growing industries such as internet, AI, big data, automation & robotics, financial technology, cultural creativity, advanced materials, and healthcare.The Empower team has extensive experience in both deep technologies and financial services including internet, computer science, electronic engineering, materials science, auditing and investment banking. Some team members were serial entrepreneurs. With candidness and empathy, the team is eager to find and partner with the most visionary, determined and down-to-earth entrepreneurs. It always brings great excitement and pleasure to build a bright future with them.

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Investment focus

  • Information Technology, Artificial Intelligence, Health Care
  • Angel, Series A, Seed
  • China, United States, India

Portfolio highlights

  • SideChef — Your digital resource for all home cooking needs. Browse 18,000 step-by-step recipes personalized to your diet and taste, for every skill level.
  • Hongpeng Airlines — Hongpeng Airlines is committed to developing, designing, and producing low-cost airplane engines.
  • Xunyuan Technology — Xunyuan Technology is a bio-refining and bio-manufacturing platform company based on non-grain carbon sources.
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Lever VC
VC Fund · New York, New York, United States

Lever VC is a U.S.-Hong Kong venture capital fund founded by Managing Partner Nick Cooney and investing in early stage companies in the alternative protein sector (plant-based and “clean”/cell-based meat, egg and dairy companies). Lever VC operates globally, with offices in Hong Kong and the U.S. and staff in the US, Hong Kong, Europe, andIsrael. Entrepreneurs and startups interested in connecting with Lever VC about possible investment can reach the team and submit information about their company at http://www.levervc.com.Managing Partner Nick Cooney is the Co-Founder and former Managing Trustee of New Crop Capital, a private venture capital trust vehicle investing in the alternative protein space, and is Co-Founder of the Good Food Institute, the world’s largest non-governmental organization working to grow the alternative protein space. The General Partners at Lever VC have deployed over $1.5 billion in capital over the past decade across a variety of sectors, including over thirty deals in the alternative protein space.

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Investment focus

  • Food and Beverage, Biotechnology, Food Processing
  • Seed, Series A, Pre-Seed
  • United States, China, United Kingdom

Portfolio highlights

  • Gavan — Transforming the way proteins are delivered. Our technology extracts high purity proteins from source while maintaining their physical structure unharmed and preserving their high functionality.
  • XOXO Soda — XOXO Soda is a plant-based drink with prebiotic fiber that is low in sugar and calories.
  • 50CUT — Mush Foods is an Israeli-based food tech company, growing edible mushroom mycelium to create innovative and sustainable animal-free protein as an ingredient for the food and beverage industry. We harness the fantastic power and innate intelligence of mushrooms to face future global challenges and provide sustainable groundbreaking food solutions tothe food of the future.
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ZSVC
VC Fund · Beijing, Beijing, China · 4 investments in the past 12 months

ZSVC is a Chinese venture capital firm specialized in seed and early stage investments.

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Investment focus

  • Manufacturing, Medical, Health Care
  • Series A, Seed, Series B
  • China, United States, India

Portfolio highlights

  • Micot — Micot is a new molecular entity drug developer for peptides, dedicated to the development of innovative drugs, multi- and protein-based innovative biopharmaceuticals, vaccines and biomolecular drug delivery systems and products, and for drug screening and biopharmaceutical research. The technology combines to provide users with Bio-Res-Deliv, abiological macromolecular respiratory drug delivery system, suitable for the treatment of cardiovascular diseases, metabolic diseases, liver diseases and the like.
  • Deruicore — Deruicore is an integrated research and development based manufacturing company.
  • Zhisheng Bio — Zhisheng Bio specialzies in product research and development, and market transformation of biopharmaceutical products.
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