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Top 50 Climate Startup Investors in China (June 2026)

The most active venture capital funds and angel investors investing in China Climate startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Climate startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Addor Capital
VC Fund
75 China, Hong Kong, Singapore Series A, Series B Manufacturing, Semiconductor, Electronics $1.4M–$43M
Shenzhen Capital Group
VC Fund
67 China, United States, Japan Series A, Series B, Series C Manufacturing, Health Care, Software $1.4M–$142M
Cowin Capital
VC Fund
63 China, Hong Kong, United States Series A, Series B, Seed Manufacturing, Health Care, Biotechnology $1.4M–$50M
HSG
VC Fund
51 China, United States, Hong Kong Series A, Series B, Series C Health Care, Biotechnology, Software $4.4M–$214M
Lenovo Capital and Incubator Group (LCIG)
VC Fund
49 China, Hong Kong, United States Series A, Seed, Series B Manufacturing, Artificial Intelligence, Software $2.8M–$145M
Qiming Venture Partners
VC Fund
45 China, United States, Hong Kong Series B, Series A, Series C Health Care, Biotechnology, Medical $5M–$142M
Shunwei Capital
VC Fund
42 China, United States, India Series A, Series B, Series C Manufacturing, Software, Internet $1.4M–$130M
Innoangel Fund
VC Fund
38 China, Canada, Hong Kong Angel, Seed, Series A Artificial Intelligence, Robotics, Manufacturing $425k–$27M
Matrix Partners China
VC Fund
36 China, United States, Hong Kong Series A, Series B, Seed Health Care, Biotechnology, Software $1.4M–$108M
Fortune Venture Capital
VC Fund
36 China, Japan, United States Series A, Series B, Seed Manufacturing, Software, Information Technology $425k–$73M
K2VC
VC Fund
34 China, United States, Japan Series A, Seed, Angel E-Commerce, Manufacturing, Biotechnology $425k–$24M
Oriental Fortune Capital
VC Fund
34 China, United States Series A, Series B, Seed Software, Manufacturing, Information Technology $1.4M–$100M
IDG Capital
VC Fund
31 China, United States, India Series A, Series B, Series C Software, Internet, E-Commerce $3M–$200M
SZHTI Group
VC Fund
30 China, United States Series A, Angel Manufacturing, Electronics, Semiconductor $425k–$14M
CDH Investments
VC Fund
28 China, United States, Canada Series A, Series B, Series C Manufacturing, Health Care, Biotechnology $7.3M–$300M
ZSVC
VC Fund
26 China, United States, India Series A, Seed, Series B Manufacturing, Medical, Health Care $1.4M–$85M
Legend Capital
VC Fund
26 China, United States, South Korea Series B, Series A, Series C Health Care, Medical, Biotechnology $2.8M–$200M
GSR United Capital
VC Fund
26 China, United States, Singapore Series A, Seed, Series B Manufacturing, Robotics, Artificial Intelligence $98k–$50M
Yunqi Partners
VC Fund
25 China, United States, Singapore Series A, Seed, Series B Artificial Intelligence, Software, Manufacturing $3.2M–$60M
Puhua Capital
VC Fund
25 China, United Kingdom, United States Series A, Series B, Seed Health Care, Medical, Manufacturing $1.4M–$100M
Oriza Seed Capital (Oriza Yuandian)
VC Fund
25 China, United States, Singapore Series A, Seed, Angel Manufacturing, Health Care, Medical $213k–$90M
Qianhai Fund of Funds
VC Fund
24 China, Japan, Canada Series A, Series B, Series C Manufacturing, Health Care, Biotechnology $1.4M–$126M
SND Ventures Group
VC Fund
23 China Series A, Series B, Seed Manufacturing, Semiconductor, Health Care $1.4M–$31M
Frees Fund
VC Fund
23 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Health Care, Biotechnology $425k–$35M
Plum Ventures
VC Fund
23 China, United States, Hong Kong Series A, Angel, Seed E-Commerce, Manufacturing, Software $425k–$16M
Oriza Holdings
VC Fund
23 China, United States, Canada Series A, Series B, Series C Manufacturing, Health Care, Biotechnology $1.7M–$200M
Xiaomi
VC Fund
23 China, India, United Kingdom Series A, Series B, Series C Manufacturing, Software, Information Technology $1.4M–$400M
Glory Ventures
VC Fund
23 China, Israel, United States Series A, Seed, Series B Software, Artificial Intelligence, Manufacturing $3M–$227M
China Fortune-Tech Capital
VC Fund
22 China Series A, Series B, Seed Manufacturing, Semiconductor, Electronics $12M–$213M
China Merchants Venture Capital
VC Fund
21 China, United States, India Series A, Series B, Series C Manufacturing, Automotive, Internet $1.4M–$132M
Summitview Capital
VC Fund
20 China, United States Seed, Series A, Series B Manufacturing, Semiconductor, Electronics $411k–$241M
Northern Light Venture Capital
VC Fund
20 China, United States, South Korea Series A, Series B, Seed Health Care, Medical, Biotechnology $1.3M–$100M
Dongfang Jiafu
VC Fund
20 China Series A, Series B, Seed Manufacturing, Information Technology, Semiconductor $8.5M–$71M
Hefei Industry Investment Group
VC Fund
20 China, Israel Series A, Series B, Seed Manufacturing, Semiconductor, Electronics $1.9M–$283M
China Capital Management
VC Fund
20 China Series A, Series B, Series C Manufacturing, Aerospace, Semiconductor $427k–$283M
ZhenFund
VC Fund
20 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Software, E-Commerce $425k–$28M
Zhuoyuan Capital
VC Fund
20 China, United States Series A, Seed, Series B Manufacturing, Semiconductor, Artificial Intelligence $1.4M–$43M
Tsinghua Capital
VC Fund
19 China, Australia Seed, Angel, Series A Manufacturing, Artificial Intelligence, Biotechnology $425k–$73M
Future Capital Discovery Fund
VC Fund
19 China, United States, Singapore Seed, Angel, Series A Artificial Intelligence, Software, Robotics $425k–$28M
ZGC Group
VC Fund
19 China, United States, United Kingdom Series A, Seed, Series B Manufacturing, Artificial Intelligence, Information Technology $212k–$77M
Hua Capital
VC Fund
18 China, United States Series A, Seed, Series B Manufacturing, Semiconductor, Electronics $992k–$330M
Guohua Capital
VC Fund
18 China Series A, Seed Manufacturing, Industrial Manufacturing, Electronics $1.4M–$15M
Yinxinggu Capital
VC Fund
18 China, Singapore Angel, Series A Manufacturing, Information Technology, Software $425k–$15M
Suzhou International Development Venture Capital
VC Fund
17 China, United States Series A, Series B Manufacturing, Semiconductor, Medical $1.4M–$110M
Jinding Capital
VC Fund
17 China Series A, Seed, Series B Manufacturing, Health Care, Pet $1.4M–$300M
Sunic Capital
VC Fund
17 China, United States Series A, Series B, Seed Manufacturing, Semiconductor, Electronics $2.8M–$145M
Gaorong Capital
VC Fund
17 China, United States, Hong Kong Series A, Series B, Seed Information Technology, Software, Artificial Intelligence $2.8M–$110M
Shenzhen Guozhong Venture Capital Management
VC Fund
17 China Series A, Series B, Seed Manufacturing, Health Care, Biotechnology $61k–$64M
CrestValue
VC Fund
17 China, United States Series A, Seed Manufacturing, Software, Information Technology $709k–$14M
Vertex Ventures China
VC Fund
17 China, United States, Singapore Series A, Series B, Seed Manufacturing, Artificial Intelligence, E-Commerce $2M–$85M
Access all 5857 investors in China Climate startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Addor Capital
VC Fund · Nanjing, Jiangsu, China · 75 investments in China Climate startups

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

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Investment focus

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

Investor stats

  • Total investments: 298
  • Round size: Series A $1.4M–$28M; Series B $11M–$43M
  • Lead/follow: 51% lead, 49% follow

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.
  • Matrix Software — Matrix Software is a research organization that focuses on the analysis, management, and prevention of information technology risks.
  • Ruimeng Semiconductor — Ruimeng Semiconductor is a provider of intelligent human-machine interface processor chips and solutions.
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Shenzhen Capital Group
VC Fund · Shenzhen, Guangdong, China · 67 investments in China Climate startups

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

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

Investor stats

  • Total investments: 408
  • Round size: Series A $1.4M–$142M; Series B $13M–$142M; Series C $4.3M–$142M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Enrikenuo — Enrikenuo is a biotechnology company that focuses on the research and development of new generation CAR-NK technology based cell drugs.
  • MoleculeMind — MoleculeMind is an AI-integrated biotech firm that fuses artificial intelligence with biotechnology to form a new development platform.
  • Biosun Pharma — Biosun Pharma is an innovative biopharmaceutical company that specializes in the production of drugs for tumors, self-immune diseases, and inflammatory diseases.
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Cowin Capital
VC Fund · Shenzhen, Guangdong, China · 63 investments in China Climate startups

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

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

Investor stats

  • Total investments: 282
  • Round size: Seed $1.4M–$20M; Series A $4.3M–$43M; Series B $2.8M–$50M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: May invest from a new fund soon — raised $75M in 2014

Portfolio highlights

  • Hohem — Hohem is a world-leading brand dedicated to AI tracking gimbals for video shooting, providing consumer and professional stabilizers for smartphones and cameras.
  • AnDiConBio — developer of respiratory anti-infection drugs, offering high-potential, low-risk products like new anti-influenza and oral anti-new coronavirus.
  • Hengpujiguang — Hengpujiguang is a developer of 3D printing metal machine.
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HSG
VC Fund · Beijing, Beijing, China · 51 investments in China Climate startups, 10 in the past 12 months

We help founders build enduring companies.

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Investment focus

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

Investor stats

  • Total investments: 751
  • Round size: Series A $4.4M–$100M; Series B $12M–$200M; Series C $26M–$214M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely actively investing — fund raised in 2024

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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Lenovo Capital and Incubator Group (LCIG)
VC Fund · Beijing, Beijing, China · 49 investments in China Climate startups

Lenovo Capital and Incubator Group is an accelerator and venture capital firm.

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Investment focus

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

Investor stats

  • Total investments: 227
  • Round size: Seed $7M–$65M; Series A $2.8M–$73M; Series B $5.5M–$145M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — raised $500M in 2016

Portfolio highlights

  • Nyonic — Nyonic develops breakthrough AI technology to tackle difficult obstacles for businesses and is committed to developing a leading SOTA (state-of-the-art) basic model as well as an industry-leading, high-performance vertical model.
  • Lanxin Computing — Lanxin Computing is a high-performance chip design company that focuses on the research and development of CPUs with RISC-V ecosystems.
  • SenseTime Medical — SenseTime Medical promotes the development and implementation of its medical big model and provides smart health solutions.
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Qiming Venture Partners
VC Fund · Shanghai, Shanghai, China · 45 investments in China Climate startups

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

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

Investor stats

  • Total investments: 740
  • Round size: Series A $5M–$64M; Series B $10M–$100M; Series C $15M–$142M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $887M in 2023

Portfolio highlights

  • Plum — Plum is an e-commerce platform for second-hand fashion products. It works as a one-stop consignment service platform that provides filming, sales, customer service, sale, and a full set of consignment services. Plum was founded on 2015 and is headquartered in Beijing, China.
  • Bytelumio — Bytelumio creates advanced all-optical networks that deliver high-speed connections of 800G and 1.6T for data centers.
  • Guangjing Energy — Guangjing Energy is a perovskite solar cell module developer, dedicated to the R&D of long-life large-area perovskite solar cell modules.
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Shunwei Capital
VC Fund · Beijing, Beijing, China · 42 investments in China Climate 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: 418
  • Round size: Series A $1.4M–$41M; Series B $8.2M–$50M; Series C $20M–$130M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $1.2B in 2018

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.
  • Leqi Intelligent — Leqi Intelligent is specialized in research and development in the field of intelligent short-term transportation through AIoT intelligent interconnection, intelligent somatosensory interaction, intelligent robot technology, intelligent algorithms, electronic control, electric drive, battery BMS system, and industrial design.
  • Xingmai Innovation — Xingmai Innovation creates, develops, and sells intelligent swimming pool cleaning robots.
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Innoangel Fund
VC Fund · Beijing, Beijing, China · 38 investments in China Climate startups

Innoangel Fund is an investment firm that invests in early stage companies.

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Investment focus

  • Industry: Artificial Intelligence, Robotics, Manufacturing
  • Stage:Angel, Seed, Series A
  • Geography: China, Canada, Hong Kong

Investor stats

  • Total investments: 218
  • Round size: Seed $425k–$27M; Angel $425k–$14M; Series A $1.4M–$14M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Uxin Hesheng — Uxin Hesheng offers R&Dt of LBP, that gives cutting-edge technology and research hotspot in the field of global synthetic biology.
  • Zhidao Hechuang — Zhidao Hechuang is a comprehensive solution provider for new energy asset management.
  • Zhiyuan Shenlan — Zhiyuan Shenlan focuses on data-driven biomolecule design and manufacturing.
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Matrix Partners China
VC Fund · Beijing, Beijing, China · 36 investments in China Climate 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, Biotechnology, Software
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 440
  • Round size: Seed $1.4M–$32M; Series A $2.8M–$60M; Series B $9.5M–$108M
  • Lead/follow: 32% lead, 68% 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.
  • Ambilight — Ambilight focuses on smart and flexible thin-film innovation and manufacturing. The company has multiple international leading technologies, ranging from material synthesis, manufacturing to product design. Two innovation centers, located in Shenzhen and the US, are working strategically with multiple Fortune Global 500 companies.
  • Ucello Therapeutics — Ucello Therapeutics is engaged in development of allogeneic cell therapies using its proprietary CAR-T cell technology platform CBT-X20.
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Fortune Venture Capital
VC Fund · Shenzhen, Guangdong, China · 36 investments in China Climate startups

Fortune Capital, established in April, 2000, is one of the earliest market-oriented venture capital firms in China. For the past 14 years, Fortune Capital focus its investments on leading companies in four key sectors: TMT (Media oriented), Consumer Goods/Services, Modern Agriculture and Clean Tech.Fortune Capital is ranked among thehighest performing VC/PE firms in China and selected as "Vice President of Venture Capital Committee of IAC," "Vice President of Shenzhen VC Association," "Vice President of Shenzhen Chamber of International Investment & Funding," etc.In addition to providing capitals, Fortune Capital provides its investee companies with personalized value-added services.

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Investment focus

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

Investor stats

  • Total investments: 255
  • Round size: Seed $425k–$73M; Series A $1.4M–$41M; Series B $2.8M–$56M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $780M in 2021

Portfolio highlights

  • Dishi Medical — Dishi Medical is a company that manufactures Ophthalmic Medical Devices and other micro-assisted robots supported by biotechnology.
  • Deep Robotics — Deep Robotics specializes in the application of the global quadruped robot industry. The founding team is rooted in Zhejiang University and has more than ten years of robotics research and development background. It is a high-tech company that attaches great importance to research and development and takes core technology as its maincompetitiveness. Sunshine has mastered the key core technology of quadruped robot motion control and has a number of independent and controllable intellectual property rights. The self-developed "Jueying" series of robots have reached the advanced level among similar products in the world and has been the first to be put into use in electric power, tunnel, fire protection, security, and other fields. Since its establishment in 2017, Yunshen has completed the R&D and sales layout of four series of products conducted multiple rounds of financing and built a complete organizational system. With the increasingly mature application of the quadruped robot industry, the company has entered a channel of rapid development.
  • Chance Pharmaceuticals — Chance Pharmaceuticals provides, discovers, develops, and commercializes inhalation therapies for the world’s debilitating diseases such as chronic obstructive pulmonary disease, asthma, pulmonary arterial hypertension, and central nervous system disorders.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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K2VC
VC Fund · Beijing, Beijing, China · 34 investments in China Climate startups

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

  • Industry: E-Commerce, Manufacturing, Biotechnology
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 181
  • Round size: Seed $1M–$14M; Angel $425k–$10M; Series A $1.4M–$24M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $141M in 2018

Portfolio highlights

  • Kewoke Technology — Kewo Ke Technology is a developer of diaphragms for hydrogen production via alkaline water electrolysis. It primarily develops diaphragms for alkaline water electrolysis, which are the building blocks of machines that produce hydrogen by alkaline water electrolysis. It is mostly used for site rental and employee pay, production line construction,laboratory construction, material purchasing, technology upgrading and transformation, and new product research and development.
  • 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.
  • AndSolar Intelligent Technology — AndSolar Intelligent Technology focuses on to the development of system-level products, inverter systems, and MLPE equipment.
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Oriental Fortune Capital
VC Fund · Shenzhen, Guangdong, China · 34 investments in China Climate startups

Shenzhen Oriental Fortune Capital Co Ltd. is a venture capital firm specializing investment in early venture, mid venture, late venture, emerging growth, Pre-IPO, mature, growth capital stage, mezzanine and new third board investments. The firm typically invests in financial services, telecommunication, new energy, consumer goods, medical treatmentand healthcare, life sciences, internet plus healthy lifestyle industry, logistics, energy technology, information technology, mobile innovation, media, movies and television, culture, pharmaceutical, biological medicine, renewable energy, retail, environmental protection business, consumption, new materials, new agriculture, advanced manufacturing, equipment manufacturing, culture, entertainment, and services. It seeks to invest in China focusing on Shenzhen, Shanghai, Beijing, Xi’an, and Wuhu. The firm also invests in Pearl River Delta region, Yangtze River Delta region, and Circum-Bohai-Sea region. For Pearl River Delta, it covers Guangzhou, Shenzhen, Foshan, Dongguan, Zhongshan, Zhuhai, Huizhou, Jiangmen, and Zhaoqing cities in China. For Yangtze River Delta, the firm covers Shanghai, Nanjing, Wuxi, Changzhou, Suzhou, Nantong, Yancheng, Yangzhou, Zhenjiang, Taizhou, Hangzhou, Ningbo, Jiaxing, Huzhou, Shaoxing, Jinhua, Zhoushan, Taizhou, Hefei, Wuhu, Ma’anshan, Tongling, Anqing, Chuzhou, Chizhou, and Xuancheng cities in China. For the Circum-Bohai-Sea region, it covers Beijing, Tianjin, Shenyang, Dalian, Qingdao, Dandong, Yingkou, Panjin, Fuxin, Huludao, Chaoyang, Shijiazhuang, Baoding, Tangshan, Qinhuangdao, Cangzhou, Langfang, Chengde, Zhangjiakou, Handan, Xingtai, Dongying, Yantai, Weifang, Weihai, Rizhao, and Binzhou cities in China. The firm prefers to invest 20% of its portfolio to early stage, 40% to expansion stage, and 40% to Pre-IPO stage. Shenzhen Oriental Fortune Capital Co Ltd. was formed in November 2007 and is based in Shenzhen, China with offices in Shanghai, China; Beijing, China; and Wuhu, China.

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Investment focus

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

Investor stats

  • Total investments: 232
  • Round size: Seed $2.9M–$73M; Series A $1.4M–$30M; Series B $2.9M–$100M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Spectrum-Dynamics — attenuation correction, deep learning, stress test, CTLC, Nuclear Medicine, Digital SPECT, CZT
  • Lightwheel — Light Wheel Intelligence is offers automated, physically precise and controllable, real and generalizable synthetic data solutions to build AI data infrastructure,
  • Photoacoustic Pharmaceuticals — Photoacoustic Pharmaceuticals is an innovative developer of photosensitizers and related products. It is committed to advancing the development of dynamic photoacoustic therapy.
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IDG Capital
VC Fund · Beijing, Beijing, China · 31 investments in China Climate 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: 725
  • Round size: Series A $3M–$112M; Series B $7.4M–$142M; Series C $15M–$200M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • RootCloud — ROOTCLOUD is an IIoT platform provider, which has created IIoT platforms that have satisfied the needs of customers worldwide.
  • Yuanfudao — Founded in 2012, Yuanfudao is the largest online live courseplatform servicing primary and secondary school students in China. With a paying userbase of over 1 million, Yuanfudao offers a comprehensive curriculum spanning fromprimary school English, Mathematical Olympiad to all-subject courses in secondaryschool. Its unique online feature and largepool of quality teachers enable students toaccess live online tutoring at home taught by national renowned teachers, benefitinghundreds of thousands of students across the country.
  • Bodor Laser — Bodor Laser is a manufacturing company engaged in the R&D, production, and marketing of laser cutting machines. The company's laser products are high powered and range from 25000W, 30000W, 40000W, and 22000W laser cutting machines. The company is also the highest ranked in 10kW+ laser cutting machine sales volume.
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SZHTI Group
VC Fund · Shenzhen, Guangdong, China · 30 investments in China Climate startups

SZHTI Group is a company that provides asset management and financing services.

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Investment focus

  • Industry: Manufacturing, Electronics, Semiconductor
  • Stage:Series A, Angel
  • Geography: China, United States

Investor stats

  • Total investments: 119
  • Round size: Angel $425k–$1.4M; Series A $780k–$14M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Junyi Technology — Shenzhen Junyi Technology Co., Ltd. is one of the world's leading OLED vapor deposition metal mask manufacturers. Its business includes OLED metal mask R&D, production and manufacturing, as well as supporting cleaning and maintenance services. Its customers cover CSOT, Truly Semiconductor, Royole Technology, Wuhan Tianma, BOE and otherdomestic OLED panel companies.
  • Zhiqin Instruments — Zhiqin Instruments is an instrument supplier that offers full solutions for analysis and testing to important industries based on its own rapid detection mass spectrometer.
  • Yingshen Intelligence — Yingshen Intelligence is a robot developer that focuses in the research, growth, and application of embodied intelligence technology.
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CDH Investments
VC Fund · Kowloon City, Kowloon, Hong Kong · 28 investments in China Climate startups

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

  • Industry: Manufacturing, Health Care, Biotechnology
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 272
  • Round size: Series A $7.3M–$198M; Series B $14M–$142M; Series C $14M–$300M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Spear Bio — Successive Proximity Extension Amplification Reaction (SPEAR) technology from Spear Bio enables ultra-sensitive biomarker detection using ultra-small samples.
  • Vision Medicals — Vision Medicals is a provider of pathogenic gene diagnostic services, focusing on infection-precise medical treatment, high-throughput sequencing-based pathogen metagenomics and CRISPR-based rapid diagnosis and other new technologies, effectively improving the detection ability of clinical pathogens and shortening The reporting cycle acceleratedthe development of the infection-accurate medical industry. The company developed a pathogenic nucleic acid enrichment technology with independent intellectual property rights for the detection of pathogenic micronucleic acids in clinical samples. The pathogen macro was established through the accumulation of pathogen detection big data. Genomics intelligent analysis and reporting system.
  • ReviR Therapeutics — ReviR Therapeutics is a genomics-based platform that develops novel medicines targeting human RNAs.
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ZSVC
VC Fund · Beijing, Beijing, China · 26 investments in China Climate startups, 15 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

  • Industry: Manufacturing, Medical, Health Care
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, India

Investor stats

  • Total investments: 137
  • Round size: Seed $1.4M–$4M; Series A $1.4M–$16M; Series B $2.8M–$85M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Zhicheng AI — Zhicheng AI is a developer of general-purpose artificial intelligence robots, dedicated to designing and building intelligent robotic systems that integrate advanced AI algorithms, perception technologies, and adaptive learning capabilities
  • Ounuo Semiconductor — Ounuo Semiconductor is a manufacturing company that provides research and development of semiconductor equipment.
  • Sunseeker — Sunseeker Power Equipment specializes in the manufacturing and supplying of garden tools, focusing on innovation in the realm of outdoor power equipment. The product range includes robotic lawn mowers, cordless Li-ion battery-powered tools, and petrol-powered equipment, catering to both garden and agricultural needs. The brand emphasizes onproviding solutions that enhance efficiency and ease of use in maintaining outdoor spaces. Sunseeker Power Equipment's offerings are designed to meet the demands of a global market, with a significant emphasis on exporting their products under the brand name 'SUNSEEKER 山科'. The company's portfolio extends to engines and a variety of garden tools series, showcasing a commitment to diversifying and expanding its product lineup to address the evolving needs of its customers.
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Legend Capital
VC Fund · Beijing, Beijing, China · 26 investments in China Climate startups

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

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

Investor stats

  • Total investments: 389
  • Round size: Series A $2.8M–$94M; Series B $12M–$113M; Series C $14M–$200M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $177M in 2021

Portfolio highlights

  • ZStack — ZStack Cloud Platform has served more than 1,000 enterprise users and established ecological and channel partnerships with more than 200 cloud vendors, covering government, finance, education, internet, energy, manufacturing and many other industries.
  • PhiSkin — PhiSkin operates as a skin and laser clinic. The company is based in China.
  • 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.
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GSR United Capital
VC Fund · Beijing, Beijing, China · 26 investments in China Climate 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: 141
  • Round size: Seed $98k–$14M; Series A $298k–$20M; Series B $197k–$50M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • AutoMQ — AutoMQ is a S3 based serverless reinvented Kafka that is easily scalable,cost-effective: shared storage,100% compatible with Kafka,no partition data copy, 10x cheaper than Kafka.
  • GravityXR — GravityXR is an XR chip developer and a terminal equipment manufacturer serving the XR (AR/VR/MR) field, providing chip platforms for virtual reality, augmented reality and mixed reality as well as supporting hardware solutions, including platforms A complete set of technical services including software and technology suites includingapplication interfaces, key component selection, product prototype development support, etc.
  • Zhudian New Energy — Zhudian New Energy is a green energy logistics company that provide one-stop services in green and low-carbon logistics and complete operating solutions for new energy vehicles.
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Yunqi Partners
VC Fund · Shanghai, Shanghai, China · 25 investments in China Climate startups

Yunqi Partners sharpen its focus on technology empowered industries. Yunqi is systematically investing in digital transformation of industries and industrialisation of technologies covering areas such as cutting-edge technology, advanced manufacturing, IoT, SaaS and B2B supply chain.

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Investment focus

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

Investor stats

  • Total investments: 182
  • Round size: Seed $3.2M–$29M; Series A $4.3M–$30M; Series B $10M–$60M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $300M in 2021

Portfolio highlights

  • YUYI — YUYI provides customized and integrated data innovation solutions based on unique natural language processing patent technology.
  • AI² Robotics — AI² Robotics is an embodied intelligent robot company that offers research and development of general intelligent embodied terminals.
  • Neolix — Neolix is a technologically innovative company that specializes in the production of physical and sports scenes. Neolithic Century Technology is an innovative design team. Committed to design research, industrial design, structural engineering, product customization, providing customers with creative value enhancement services. Service customersinclude Lenovo, Siemens, Midea, GE, State Grid, CSIC, Honeywell, Bank of China, Agricultural Bank, etc.
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Puhua Capital
VC Fund · Hangzhou, Zhejiang, China · 25 investments in China Climate startups

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, Manufacturing
  • Stage:Series A, Series B, Seed
  • Geography: China, United Kingdom, United States

Investor stats

  • Total investments: 203
  • Round size: Seed $1.4M–$29M; Series A $1.4M–$41M; Series B $2.8M–$100M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • SafeCare — SafeCare is an innovative therapeutics company that focuses on the technology realization, product development, and clinical implementation of new applications of electric field therapy.
  • Yitang Technology — Yitang Technology is a developer specializing in high-speed and high-precision placement machines. The company is dedicated to the research and development (R&D) of these advanced machines, as well as the industrialization of intelligent production line solutions.
  • Ganzhicao Technology — Gancao Doctor is an internet-based Traditional Chinese Medicine (TCM) company that helps clinics modernize their digital management and optimize operations. By using AI-assisted features, it enhances doctors' diagnostic and treatment abilities, delivering valuable benefits to doctors, patients, and clinics.
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Oriza Seed Capital (Oriza Yuandian)
VC Fund · Suzhou, Jiangsu, China · 25 investments in China Climate startups

Oriza Seed Venture Capital, located in Suzhou Industrial Park, is held by Suzhou Oriza Holdings Ltd. Oriza Seed is a market-oriented investment platform. It looks for investment opportunities among early-stage and growth-stage enterprises in the fields of Healthcare and TMT. Oriza Seed has ample resources and experiences investing in the healthcarefield. By late March 2016, Oriza Seed has invested in more than 50 healthcare companies, including Ascentage Pharma, Innovent Biologics, and SceneRay Corporation.

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Investment focus

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

Investor stats

  • Total investments: 141
  • Round size: Seed $213k–$14M; Angel $425k–$14M; Series A $1.4M–$90M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • DreamTech — DreamTech is an AI startup company focusing on native 3D generation.
  • Stairway Medical — Stairway Medical is a developer of implantable brain-computer interface technology.
  • GeneQuantum Healthcare — GeneQuantum Healthcare (Suzhou) Co., Ltd. is a high-tech company that focuses on the research and development of innovative Bio-therapeutics.GeneQuantum was founded in August 2013 at Suzhou Industrial Park, and has built-up a world-class bio-conjugation technology platform, focusing on developing series of next generation anti-tumorAntibody-Drug-Conjugates (ADCs) with best-in-class potential. Securing this round of financing will significantly promote the development of current ADC candidates towards IND filling in both US and China, meanwhile further expanding the company's product pipeline.
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Qianhai Fund of Funds
VC Fund · Shanzhen, Fujian, China · 24 investments in China Climate 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, Biotechnology
  • Stage:Series A, Series B, Series C
  • Geography: China, Japan, Canada

Investor stats

  • Total investments: 148
  • Round size: Series A $1.4M–$38M; Series B $2.8M–$34M; Series C $14M–$126M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Renogy — Renogy provides top-tier solar panels, lithium batteries, inverters, and complete power systems. Perfect for home backup, RVs, and sustainable living. Find your solution today!
  • 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.
  • Youshi Technology — Youshi Technology is an automation company specializing in computer vision-based automatic driving of small unmanned vehicles.
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SND Ventures Group
VC Fund · Suzhou, Jiangsu, China · 23 investments in China Climate startups, 13 in the past 12 months

SND Ventures Group is a venture capital and private equity firm specializing in seed investments.

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Investment focus

  • Industry: Manufacturing, Semiconductor, Health Care
  • Stage:Series A, Series B, Seed
  • Geography: China

Investor stats

  • Total investments: 80
  • Round size: Series A $1.4M–$21M; Series B $5.7M–$31M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Audfly Technology — Audfly is a high-tech ultrasonic directional speaker company that owns directional advanced audio technology and has different types of directional loudspeakers for sale. We have many years of experience in researching super directional speaker in China. We are centered on quality and innovation to provide parametric speaker. Click for our parametr
  • Jipai Electromagnetic — Jipai Electromagnetic specializes in the manufacture of automobile components and accessories.
  • Sicui Thermal Control — Sicui Thermal Control focuses on the design of next-generation semiconductor and microelectronics thermal management solutions.
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Frees Fund
VC Fund · Beijing, Beijing, China · 23 investments in China Climate startups

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

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

Investor stats

  • Total investments: 199
  • Round size: Seed $1.4M–$14M; Angel $425k–$17M; Series A $1.4M–$35M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $130M in 2015

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".
  • Neurodome — Neurodome is a manufacturer of non-invasive deep brain nerve modulation technology. It focuses on the research and development of non-invasive deep brain nerve modulation products.
  • Pulin Technology — Pulin Technology provides tools and materials for creating nanoimprints and contributes to the study and advancement of fundamental technologies.
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Plum Ventures
VC Fund · Changzhou, Zhejiang, China · 23 investments in China Climate startups

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: 209
  • Round size: Seed $1.4M–$10M; Angel $425k–$6M; Series A $1.4M–$16M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Huimaiche — Huimaiche is a company that provides full-chain solutions for new retail in the automotive industry. It is an Internet-based high-tech company that combines online system development, brand management, full-brand automobile sales, aftermarket integration, and new retail in life.
  • 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.
  • Titanium Robotics Technology — Titanium Robotics Technology specializing in the development and production of advanced robot hardware and solutions. It focuses on customized services, R&D, and production of robot hardware, aiming to create high-performance, industry standard products, develops lightweight, collaborative robots, humanoid robots, and exoskeletons, leading thesupply chain towards lightweight, miniaturization, and ease of use.
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Oriza Holdings
VC Fund · Suzhou, Jiangsu, China · 23 investments in China Climate startups

Oriza Holdings is a Chinese management fund that covers equity, debt financing, and investment since 2007.

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Investment focus

  • Industry: Manufacturing, Health Care, Biotechnology
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 189
  • Round size: Series A $1.7M–$43M; Series B $10M–$100M; Series C $14M–$200M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • TuringQ — Established in February 2021, TuringQ is committed to the research of quantum information. Through the R&D of lithium niobate on insulator (LNOI) photonic chips and femtosecond laser direct writing technology, the photon chips that enable large-scale photonic circuits integration can be prepared and an optical quantum system with a whole newlevel of scale and complexity can be built. At present, TuringQ has achieved leading advantages in photonic quantum chips, scientific research-grade photonic quantum computers, photonic quantum measurement and control systems, photonic quantum EDA software, and photonic quantum cloud platforms.
  • Zhongke Jiahe — Zhongke Jiahe develops compilation technology and aspires to build a universal, low-cost, high-performance fundamental software tool chain.
  • Supermag — Suzhou Supermag Intelligent Technology Co., Ltd. (hereinafter referred to as Suci Technology) is committed to the research and development, production and sales of maglev high-speed motors. With the design authorization of magnetic levitation compressors, magnetic levitation blowers, magnetic levitation pumps, etc., it provides core components suchas magnetic levitation motors, magnetic levitation bearings, magnetic levitation controllers, and displacement sensors.
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Xiaomi
VC Fund · Beijing, Beijing, China · 23 investments in China Climate startups

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Investment focus

  • Industry: Manufacturing, Software, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: China, India, United Kingdom

Investor stats

  • Total investments: 198
  • Round size: Series A $1.4M–$71M; Series B $2.8M–$60M; Series C $14M–$400M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • ShareChat — ShareChat is India's own social network in 14 Indian languages Install ShareChat from Google Play Store for FREE!
  • 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.
  • SUNMEI Group — Shangmei Life Group was founded in Qingdao in 2010. It is a comprehensive group integrating hotel, hotel fast installation, home retail, catering, culture and entertainment. At present, the group has more than 5,000 hotels, 200 Boladi KTV, 30 home retail, 300 catering stores, and the total number of stores has exceeded 5,500. The number of membersexceeds 120 million.
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Glory Ventures
VC Fund · Shanghai, Shanghai, China · 23 investments in China Climate startups

Glory Ventures is a cross-border venture capital fund established by a new generation of investors with a global perspective. Already achieving excellent performance, the investment team has plentiful experience in both China and Israel's high-tech and venture capital industries. The unique advantages by which Glory Ventures distinguishesitself from other domestic venture capitalists lie in the fact that it is a research-driven VC that realizes the value of an entire industrial value chain. They integrate industrial resources from the private equity markets and public-listed companies to build strategic synergy. They deliberate exits by both M&A and IPO, taking into consideration both opportunities. Thus, they strive to build an ecosystem across various industries through investment in specific value-chains and providing value-added services that lead to synergetic exits. With a clear multi-industrial positioning backed by their professional and outstanding investment team, Glory Ventures has been highly recognized by Chinese first-class investors and has won the strategic investments of famous organization such as Banyan Capital, major shareholders from various A-share listed companies, founding team of Dianping.com, and many others, making it a top-tier investment ecosystem combining early-stage venture capital investment and the integration of high-end entrepreneurs and industrial resources. Currently, Glory Ventures invests actively in Israel and China, but their global vision encompasses much more. In Israel, Glory Ventures invests in customer-proved, disruptive innovative companies which are synergistic with China’s enormous consumer market, including companies in the field of intelligent hardware, IoT, AI, computer vision. In China, Glory Ventures invests in subsectors such as B2B enterprise service, consumption upgrade, and IoT. Their portfolio includes 20+ stellar companies in the fields of AI, IoT, Fintech and consumption upgrade, over half of which have won the follow-up investment from the industrial capital and famous funds like HTC, Quanta Computer, Alibaba, Shanda Networks, Wind, Crystal Optoelectronics, Join-In Group, and Fortune Capital.

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Investment focus

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

Investor stats

  • Total investments: 98
  • Round size: Seed $3M–$14M; Series A $7.1M–$113M; Series B $14M–$227M
  • Lead/follow: 30% lead, 70% follow

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.
  • Aoshi Environmental — Aoshi Environmental specializes in high-performance reverse osmosis and nanofiltration membrane separation, the company offers products for various industries, including drinking water, food, and pharmaceuticals.
  • Botai Biotechnology — Botai Biotechnology is a company that offers complete bioengineering solutions. Botai Biotechnology specializes in the research and development of organic hazardous waste biodegradation harmless treatment technology. The company is dedicated to achieving source reduction and harmless treatment of paint spraying hazardous waste paint residue,hazardous waste water, and hazardous waste gas VOCs through efficient and environmentally friendly biodegradation methods.
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China Fortune-Tech Capital
VC Fund · Shanghai, Shanghai, China · 22 investments in China Climate startups, 19 in the past 12 months

China Fortune-Tech Capital Co., Ltd. (“CFTC”) was found in February 2014 in Shanghai, China. The company was incorporated by SMIC, mainland China’s most advanced pure play semiconductor foundry, and a senior investment team along with other shareholders. CFTC’s investments focuse on IC industry including semiconductor materials and electronicmaterials, IC design, equipment, IP, services and tools. Its investment philosophy emphases on professional, international and industrial Chain-focusing.Their ur core team consist IC and Telecommunication industry entrepreneurs with more than 20-year experiences in enterprise management and investment. Besides the strong supports from the shareholders, CFTC invites the most active and prestigious experts, who come from IC leading company, IC industry association and financial institutions to form an advisor board.

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Investment focus

  • Industry: Manufacturing, Semiconductor, Electronics
  • Stage:Series A, Series B, Seed
  • Geography: China

Investor stats

  • Total investments: 84
  • Round size: Series A $14M–$156M; Series B $12M–$213M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Linghou Robotics — Linghou Robotics is a core component supplier focusing on intelligent manufacturing and industrial automation, integrating R&D , production, sales and service.
  • Sioux Technologies — Sioux Technologies is a manufacturing company offering core precision modules and subsystem solutions for semiconductor equipment.
  • Pengxi Semiconductor — Pengxi Semiconductor is a developer of CIM systems for semiconductor integrated circuit manufacturing. The company focuses on CIM systems for semiconductor integrated circuit manufacturing and is committed to realizing the localization and intelligentization of core software for semiconductor manufacturing. Its core technologies cover multiple keyaspects such as manufacturing execution, equipment automation, yield management, and data platform.
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China Merchants Venture Capital
VC Fund · Shenzhen, Guangdong, China · 21 investments in China Climate startups, 6 in the past 12 months

China Merchants Capital is engaged in alternative investment and asset management.

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Investment focus

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

Investor stats

  • Total investments: 157
  • Round size: Series A $1.4M–$40M; Series B $2.8M–$100M; Series C $14M–$132M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Honest — Honest is a manufacturer of advanced equipment for mineral processing that specializes in developing X-ray-related electrical devices and system solutions.
  • Euler Universal — Euler Universal is a technology startup focused on the study and development of embedded smart home technologies.
  • Senad Technology — Senad Technology is a software and hardware technology company with machine vision as the core technology.
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Summitview Capital
VC Fund · Beijing, Beijing, China · 20 investments in China Climate startups, 10 in the past 12 months

Wu Yuefeng capital to the twenty-first century has been a very growing vitality of the outstanding enterprises to provide funds, and to grow into leading the industry trend leader as any. Their investment strategy is clear and clear: do their best to creativity, innovation and technology to provide the necessary resources for a huge commercialsuccess for the great opportunity it represents. Wu Yuefeng Capital currently manages funds located in Shanghai, Beijing, Jiangsu, California and other places. Since its inception in early 2011, they actively cooperate with the government government guidance funds, emerging industries to high-tech venture capital, covering the core areas of integrated circuits, mobile Internet, energy saving technology, clean energy, bio-medicine, culture and creative.Wu Yuefeng well versed in this rapidly changing world, more and more complex problems require creative solutions. Especially the new generation of information technology, information services, clean energy, environmental protection and technology, cultural and creative industries, is facing unprecedented opportunities and change. The current set of advantages is their capital, technology, human resources and policies to promote the perfect time to these industry changes.These industries in the emerging business development, to put forward a new strategic investor demand. Mode of operation of venture capital funds originally consistent with the need to constantly change. Industry and professional capability is the core, the selection can become a critical industry leader entrepreneurs.

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Investment focus

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

Investor stats

  • Total investments: 77
  • Round size: Seed $411k–$241M; Series A $14M–$143M; Series B $7.3M–$142M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $1.7B in 2014

Portfolio highlights

  • ModelBest — Mianbi Smart enables large-scale model acceleration and application execution using artificial intelligence.
  • Pengxi Semiconductor — Pengxi Semiconductor is a developer of CIM systems for semiconductor integrated circuit manufacturing. The company focuses on CIM systems for semiconductor integrated circuit manufacturing and is committed to realizing the localization and intelligentization of core software for semiconductor manufacturing. Its core technologies cover multiple keyaspects such as manufacturing execution, equipment automation, yield management, and data platform.
  • Yuanli Semiconductor — Yuanli Semiconductor develops and supplies an innovative AI computing power infrastructure.
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Northern Light Venture Capital
VC Fund · Beijing, Beijing, China · 20 investments in China Climate 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: 242
  • Round size: Seed $1.3M–$100M; Series A $4.3M–$40M; Series B $11M–$62M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — raised $375M in 2021

Portfolio highlights

  • VOC AI — VOC AI offers AI tools for ecommerce insights and customer service solutions.
  • Wanglitong — Wanglitong manufactures lithium battery auxiliary materials. It currently specializes on lithium battery films and membrane materials. Its current product lines include brown high-temperature tape, milky white OPP tape, and TPU expansion tape, all of which have reached mass production.
  • 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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Dongfang Jiafu
VC Fund · Hangzhou, Zhejiang, China · 20 investments in China Climate startups, 17 in the past 12 months

Dongfang Jiafu is an equity fund management firm.

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Investment focus

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

Investor stats

  • Total investments: 55
  • Round size: Seed $14M–$14M; Series A $14M–$42M; Series B $8.5M–$71M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • SHW Technologies — Shanghai Wise‑Hera Micro‑Technology Co is a semiconductor technology company that focuses on advanced wafer‑bonding and packaging solutions for RF and high‑frequency devices.
  • Yanhe Technology — Yanhe Technology provides solar power generation technology-related services.
  • West Lake Yanshan Technology — West Lake Yanshan Technology is a micro-LED company that focuses on the manufacturing and production of full-color display chips.
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Hefei Industry Investment Group
VC Fund · Hefei, Anhui, China · 20 investments in China Climate startups

Hefei Industry Investment Group is an industrial investment and financing company.

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Investment focus

  • Industry: Manufacturing, Semiconductor, Electronics
  • Stage:Series A, Series B, Seed
  • Geography: China, Israel

Investor stats

  • Total investments: 79
  • Round size: Series A $2M–$213M; Series B $1.9M–$283M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Xinming — Xinming is a high-tech enterprise focusing on spatial computing and artificial intelligence chip and product design.
  • Surgerii Technology — Beijing Surrey is a technology company founded by an industry elite active in China's medical equipment. Relying on the core technology of the new generation of flexible continuum robotic arm, running through the implementation paradigm of many types of clinical minimally invasive surgery, and harnessing the powerful system design andintegration capabilities, Beijing Shurui is committed to becoming the first independent independent research and development, production and sales in China.
  • Guojing Instruments — Guojing Instruments specializes in the research, development, and sales of electron microscopes and semiconductor testing equipment.
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China Capital Management
VC Fund · Beijing, Beijing, China · 20 investments in China Climate startups, 19 in the past 12 months

China Capital Management is a direct investment business institutions for securities companies.

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Investment focus

  • Industry: Manufacturing, Aerospace, Semiconductor
  • Stage:Series A, Series B, Series C
  • Geography: China

Investor stats

  • Total investments: 72
  • Round size: Series A $7.1M–$55M; Series B $427k–$28M; Series C $678k–$283M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Orbital Time — Orbital Space Technology develops computing satellites launched into dawn-dusk orbits to create space-based data centers. These provide continuous computing power services to customers, leveraging constant sunlight for reliable solar energy and minimal eclipses.
  • Rongyuan Technology — Rongyuan Technology develops intelligent defense and low-altitude governance solutions.
  • Smart Satellite Technology — Smart Satellite Technology is a satellite design manufacturer dedicated to the constellation operators of low-cost satellite manufacturing and operation and high system reliability, designing and developing whole-star and key stand-alone, and developing companion applications and satellite operating systems to provide Satellite and constellationfull life cycle services.
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ZhenFund
VC Fund · Beijing, Beijing, China · 20 investments in China Climate startups

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

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

Investor stats

  • Total investments: 369
  • Round size: Seed $650k–$20M; Angel $425k–$15M; Series A $1.4M–$28M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — raised $130M in 2022

Portfolio highlights

  • 17zuoye — 17zuoye is an online learning platform for students K-12, as well as teachers and parents. The name means “homework together” in Chinese, and the site aims to serve as a nexus for all three groups to facilitate the educational experience, focusing on English and Math classes.17zuoye offers a multi-platform homework solution that is in sync withthe textbook curriculum and enhanced by big data analytics. 17zuoye provides the teachers with good teaching tools and comprehensive statistics, the students with interesting learning apps and individualized adaptive learning content, and the parents with immediate study reports. 17zuoye also acts as a social network for these users, having the largest real-name based online teachers’ forum and Wechat parent’s community in the country.
  • Virgin Hyperloop — Virgin Hyperloop is a developer of a transportation technology used to deliver fast, direct, and sustainable transportation at scale. Its technology is a first-generation vehicle system that makes trains go as fast as 760 miles per hour and utilizes a vacuum tube designed for transportation of people and cargo that enables companies to have directmovement of freight and people to travel quicker from origin to destination.It was founded in 2014 and is headquartered in Los Angeles, California.
  • Qingyue Technology — Qingyue Technology produces different versions of air disinfection machines and disinfection robots. Their products are intelligent anti-epidemic disinfection robots, air disinfection machines, and car air sterilisers. Their products are used in homes, hotels, banks, elevators, schools, hospitals, In indoor scenes such as airports, high-speed railstations, and shopping malls.
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Zhuoyuan Capital
VC Fund · Shenzhen, Guangdong, China · 20 investments in China Climate startups

Zhuoyuan Capital providing financial advisory and investment services based on corporate development and capital operations.

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Investment focus

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

Investor stats

  • Total investments: 82
  • Round size: Seed $1.4M–$41M; Series A $1.4M–$43M; Series B $14M–$43M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Lynxi Technology — Lynxi Technology develops brain-like chips, modules, computing boards and servers, supporting software toolchains, and system software.
  • Yitong Technology — Yitong Technology is an AI integrated platform and intelligent data processing solution provider of no-code modeling automated model.
  • 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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Tsinghua Capital
VC Fund · Haidian, Beijing, China · 19 investments in China Climate startups

Tsinghua Capital is an investment firm.

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Investment focus

  • Industry: Manufacturing, Artificial Intelligence, Biotechnology
  • Stage:Seed, Angel, Series A
  • Geography: China, Australia

Investor stats

  • Total investments: 74
  • Round size: Seed $1.4M–$73M; Angel $425k–$14M; Series A $2.3M–$17M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Xingkeyuan — Star Science is a high-performance lithium battery silicon-carbon negative electrode material research and development company. It has achieved small-scale mass manufacture of nano-silicon as well as the experimental development of high-efficiency silicon-carbon composite materials.
  • Qinghao Puzhong — Qinghao Puzhong is a technological development and manufacturing company that produces resin-infiltrated ceramic-based dental restoration materials.
  • Zhiyuan Shenlan — Zhiyuan Shenlan focuses on data-driven biomolecule design and manufacturing.
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Future Capital Discovery Fund
VC Fund · Beijing, Beijing, China · 19 investments in China Climate startups

Future Capital is an early-stage venture firm investing at the frontier of deep technology

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Investment focus

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

Investor stats

  • Total investments: 131
  • Round size: Seed $1M–$14M; Angel $425k–$28M; Series A $1M–$28M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $187M in 2020

Portfolio highlights

  • LibLib AI — LibLib AI is an AI image generation platform that provides cutting-edge content creation through multi-scenario and multi-dimensional applications and interactions. It is a subsidiary of Beijing Singularity Star Technology Co., Ltd.
  • Zhuji Dynamics — Zhuji Dynamics is a general-purpose footed robot company that focuses on the R&D and manufacturing of sports intelligence and footed robots
  • Lanxin Computing — Lanxin Computing is a high-performance chip design company that focuses on the research and development of CPUs with RISC-V ecosystems.
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ZGC Group
VC Fund · Beijing, Beijing, China · 19 investments in China Climate startups

ZGC Group was established in 2010. With a consistent mission of serving innovation-driven development, it has been committed to building an open and shared ecosystem pooling innovation factors. To promote the transformation and industrialization of sci-tech achievements, it deploys innovative resources across the world by means of buildinghigh-tech parks, making investments, providing funding and professional services and etc. It now has become an integral part of Zhongguancun innovation and entrepreneurship ecosystem.

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Investment focus

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

Investor stats

  • Total investments: 84
  • Round size: Seed $212k–$46M; Series A $1.4M–$14M; Series B $2.8M–$77M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Yunhan Xingchi
  • Juhai Hengchuang — Juhai Hengchuang is a medical device manufacturer that exclusively sells and manufactures drug testing equipment.
  • Taichu Intelligent Testing — Taichu Intelligent Testing combines LIBS with AI to deliver innovative sensing and detection solutions for industrial and energy sectors.
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Hua Capital
VC Fund · Beijing, Beijing, China · 18 investments in China Climate startups, 21 in the past 12 months

Hua Capital Management Co., Ltd is organized and founded by an experienced semiconductor industry investment team with Tsinghua Holdings Co., Ltd. and China Fortune-Tech Capital Co., Ltd. Its investments focuses on the semiconductor industry and related areas. Hua Capital emphases on professional, international and industrial Chain-focusinginvestment philosophy. Their team consists of semiconductor industry entrepreneurs from both home and abroad and the core members of most active semiconductor funds, all of whom have more than 20 years’ experience in semiconductor industry entrepreneurship, management and investing. Hua Capital, by availing itself of its all-in specialized experience and industry leadership, will help increase the targeted portfolio companies’ value and synergy to enable them to be the leaders in the semiconductor industry.

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Investment focus

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

Investor stats

  • Total investments: 61
  • Round size: Seed $14M–$15M; Series A $992k–$330M; Series B $14M–$145M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Makera — Makera builds the smartest desktop CNC machines for makers. Explore our Carvera series, versatile mill routers, and rich case templates for every project.
  • Fermi Instruments — Fermi Instruments is a precision instrument supplier.
  • Tujian Technology — Tujian Technology focused on the research and development and manufacturing of multimodal flexible tactile sensors and flexible electronic skin tactile sensing systems to promote their application in the fields of embodied intelligent robots, intelligent sensing cockpits, flexible sensing wearable devices, and flexible health monitoring.
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Guohua Capital
VC Fund · Shenzhen, Guangdong, China · 18 investments in China Climate startups

Guohua Capital is an investment firm.

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Investment focus

  • Industry: Manufacturing, Industrial Manufacturing, Electronics
  • Stage:Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 38
  • Round size: Seed $9.3M–$14M; Series A $1.4M–$15M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Polarisic — PolarisIC develops depth perception and low-light imaging chip products.
  • Nanke Tianrun — Nanke Tianrun focuses on the R&D and industrialization of core materials for solid-state batteries.
  • Qina New Energy — Qina New Energy specialized in the research, development, and production of composite sodium iron phosphate materials and their precursors.
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Yinxinggu Capital
VC Fund · Hangzhou, Zhejiang, China · 18 investments in China Climate startups, 6 in the past 12 months

Yinxinggu Capital is an investment platform that focuses on early investment opportunities in emerging industries, such as in retail and manufacturing, promoting the digital upgrade of the industry. The firm was jointly initiated by Slan Holdings, Huali Group, Huari Industrial, Jinggong Group, and Wanfeng Auto.The company was founded in 1997 andis based in Hangzhou, China.

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Investment focus

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

Investor stats

  • Total investments: 160
  • Round size: Angel $425k–$14M; Series A $1.4M–$15M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Beta Infinite — Beta Infinite approaches data and model technologies in a distinctive and distinctive way.
  • Hehui Robotics — Hehui Robotics specializes in manufacturing and selling industrial robots, service and consumer robots, as well as industrial automatic control system devices. Their business covers both production and sales across these product categories.
  • Linghou Robotics — Linghou Robotics is a core component supplier focusing on intelligent manufacturing and industrial automation, integrating R&D , production, sales and service.
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Suzhou International Development Venture Capital
VC Fund · Suzhou, Jiangsu, China · 17 investments in China Climate startups

Suzhou International Development Venture Capital is a venture capital and private equity firm.

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Investment focus

  • Industry: Manufacturing, Semiconductor, Medical
  • Stage:Series A, Series B
  • Geography: China, United States

Investor stats

  • Total investments: 95
  • Round size: Series A $1.4M–$14M; Series B $2.8M–$110M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Sunwell New Energy — Taiyangjing is a manufacturer and seller of photovoltaic cell manufacturing equipment and components.
  • Shengrongyuan — Shengrongyuan is a provider and manufacturer of electronics that serve the electronics industry
  • Kinkou(Suzhou)Copper Industry — Kinkou Copper manufactures beryllium copper alloy materials that are use in aerospace,welding,petrochemical,medical and other fields.
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Jinding Capital
VC Fund · Beijing, Beijing, China · 17 investments in China Climate startups

Jinding Capital is a leading industrial equity investment institution in China.

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Investment focus

  • Industry: Manufacturing, Health Care, Pet
  • Stage:Series A, Seed, Series B
  • Geography: China

Investor stats

  • Total investments: 75
  • Round size: Seed $1.4M–$300M; Series A $1.4M–$30M; Series B $2.8M–$57M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Himiao — Himiao is a pet industry-focused company that offers pet items. its aim to create a healthier and happier life for pets and pet lovers.
  • Linghou Robotics — Linghou Robotics is a core component supplier focusing on intelligent manufacturing and industrial automation, integrating R&D , production, sales and service.
  • Zhixin Microelectronics — Zhixinwei is a semiconductor device developer. It is an enterprise focusing on the R&D of third-generation semiconductor power devices
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Sunic Capital
VC Fund · Shanghai, Shanghai, China · 17 investments in China Climate startups

Sunic Capital is an industrial investment platform focusing on integrated circuits, it is the earliest institution in China to carry out overseas mergers and acquisitions and investment of integrated circuits. It has initiated and led R&D, Qiqi Technology, Haowei Technology and other domestic The most famous M&A project, together with ChinaElectronics, successfully completed the acquisition of $700 million. At the same time, it also invested in domestic famous integrated circuit companies such as Zhongwei Semiconductor and Core Microelectronics. At present, the actual managed funds have exceeded 2 billion yuan, all of which are concentrated in the field of integrated circuits. It is one of the best integrated circuit investment institutions in China.

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Investment focus

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

Investor stats

  • Total investments: 46
  • Round size: Seed $14M–$43M; Series A $13M–$63M; Series B $2.8M–$145M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Sengine — Sengine is an AIGC company that provides automatic design systems for human living spaces, home improvement, and industrial supply chains.
  • GigaAI — Excellent Vision is a spatial intelligence company focused to transforming video creation into a 4D world model, enabling AI big models to grasp, generate, and reason about 4D space.
  • Longxing Avionics — Longxing Avionics is a domestic avionics manufacturer focusing on large aircraft industry, developing airborne equipments like WQAR, ELT, and IP Phone, and aiming to build a comprehensive service provider.
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Gaorong Capital
VC Fund · Wangjing, Beijing, China · 17 investments in China Climate startups

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

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

Investor stats

  • Total investments: 261
  • Round size: Seed $2.8M–$57M; Series A $2.8M–$73M; Series B $14M–$110M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — raised $1.2B in 2020

Portfolio highlights

  • PDD Holdings — Pinduoduo is an e-commerce platform allowing users to participate in group buying deals, mostly through Tencent’s Wechat app. The company was founded in 2015 and is based in Shanghai, China.
  • 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.
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Shenzhen Guozhong Venture Capital Management
VC Fund · Shenzhen, Guangdong, China · 17 investments in China Climate startups, 18 in the past 12 months

Shenzhen Guozhong Venture Capital Management CO. LTD.(GZVCM) was founded on 21st of December 2015, currently being entrusted to manage the first entity fund of Small Medium Enterprises Development Fund(SHENZHEN)LLP with a size of 6 Billion Yuan.Guozhong Venture Capital with a registered size of 100million Yuan, partners consisting Shenzhenventure capital group (49%) and the management team of Small Medium Enterprise Development Fund (SHENZHEN) (51%).

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Investment focus

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

Investor stats

  • Total investments: 121
  • Round size: Seed $61k–$14M; Series A $211k–$43M; Series B $3.8M–$64M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Senas Medical — Senas Medical focuses on innovative cardiac electrophysiology solutions.
  • Ion Energy — Ion Energy is a high-tech company focused on the research, development, and use of polymer-based solid electrolyte materials and all-solid-state batteries.
  • Han'ao Intelligent — Han'ao Intelligent focus on electrolytic milling + five-axis/multi-axis linkage technology.
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CrestValue
VC Fund · Hangzhou, Zhejiang, China · 17 investments in China Climate startups

CrestValue is a venture capital institution that specializes in high-tech, growth-oriented enterprise equity investment.

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Investment focus

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

Investor stats

  • Total investments: 91
  • Round size: Seed $709k–$7.1M; Series A $1.4M–$14M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • MagnetTech — Magnetic Sensing Technology focuses on cutting-edge quantum magnetic sensing products and solutions, and has developed a mature system covering numerous product lines, including zero-field magnetometers and full-field magnetometers.
  • Harvey Medical — Harvey Medical is a research and development and manufacturing enterprise of respiratory physiology and critical care medical equipment.
  • Harog Technology — Harog Technology is a manufacturer of graphite bipolar plates based on carbon and graphite within the new materials and energy sectors.
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Vertex Ventures China
VC Fund · Beijing, Beijing, China · 17 investments in China Climate startups

Vertex Ventures China invests in high-growth internet and technology start-ups across mainland China, and provides funding support and value-add services to portfolio companies in their growth stage. Based in Beijing and Shanghai, Vertex Ventures China collaborates with the Vertex network of ventures funds across US, Israel, Southeast Asia, andIndia, and under auspices of Vertex Holdings providing local knowledge with global perspective.

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Investment focus

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

Investor stats

  • Total investments: 160
  • Round size: Seed $3M–$30M; Series A $2M–$26M; Series B $6.7M–$85M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Puji Bio — Puji Bio is a medical firm that develops molecular diagnostic kits and instruments for tumor diagnosis, birth defect screening, etc.
  • Primelink Bio — Primelink Bio is a Biotechnology firm that is working to to develop next generation of drug delivery systems.
  • REJOIN Medical — REJOIN Medical - Sports Medicine & Orthopedics Surgery - Founded in 2003, REJOIN provides specialized sports medicine & minimally invasive orthopedic solutio...
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Climate Investor funding in China at a glance

Stats across 6.6k deals from 5.9k investors.

5.9k
investors
in China Climate startups
6.6k
deals
in China Climate startups
$14M
median round
in China Climate startups
40%
lead investors
lead at least one round
26%
Series A
most common funding stage
99/1
VC / Angel
share of investor count

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