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Top 50 Climate VC Funds & Investors in Asia (October 2026)

The most active venture capital funds investing in Asia Climate startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Asia 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
Shenzhen Capital Group
VC Fund
99 China, United States, Japan Series A, Series B, Seed Manufacturing, Health Care, Software $1.4M–$141M
Addor Capital
VC Fund
93 China, Hong Kong, United States Series A, Series B, Venture - Series Unknown Manufacturing, Semiconductor, Electronics $1.4M–$145M
Cowin Capital
VC Fund
87 China, United States, Hong Kong Series A, Series B, Seed Manufacturing, Health Care, Semiconductor $1.4M–$51M
Qiming Venture Partners
VC Fund
77 China, United States, Hong Kong Series B, Series A, Series C Health Care, Biotechnology, Medical $4.3M–$120M
HSG
VC Fund
72 China, United States, Singapore Series A, Series B, Seed Artificial Intelligence, Software, Health Care $2M–$200M
Shunwei Capital
VC Fund
70 China, United States, India Series A, Series B, Seed Manufacturing, Software, Artificial Intelligence $1M–$74M
Lenovo Capital
VC Fund
63 China, Hong Kong, United States Series A, Seed, Series B Manufacturing, Artificial Intelligence, Software $1.4M–$150M
Mitsubishi UFJ Capital
VC Fund
57 Japan, United States, Israel Series A, Venture - Series Unknown, Seed Software, Information Technology, Manufacturing $470k–$21M
SOSV
VC Fund
57 United States, China, Canada Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software $50k–$5M
IDG Capital
VC Fund
57 China, United States, Singapore Series A, Series B, Seed Internet, Software, E-Commerce $600k–$110M
Innoangel Fund
VC Fund
54 China, United States, Hong Kong Angel, Seed, Series A Artificial Intelligence, Manufacturing, Robotics $425k–$29M
Matrix Partners China
VC Fund
51 China, United States, Singapore Series A, Series B, Seed Health Care, Software, Information Technology $1.4M–$137M
Fortune Venture Capital
VC Fund
50 China, Japan, United States Series A, Series B, Seed Manufacturing, Information Technology, Software $462k–$73M
Oriental Fortune Capital
VC Fund
47 China, United States, Hong Kong Series A, Series B, Seed Manufacturing, Software, Artificial Intelligence $1.5M–$100M
GSR United Capital
VC Fund
46 China, United States, Singapore Series A, Seed, Series B Manufacturing, Information Technology, Automotive $450k–$50M
K2VC
VC Fund
43 China, United States, Hong Kong Angel, Series A, Seed E-Commerce, Manufacturing, Software $417k–$25M
Xiaomi
VC Fund
43 China, India, United States Series A, Series B, Angel Manufacturing, Electronics, Software $435k–$70M
SMBC Venture Capital
VC Fund
38 Japan, United States, Singapore Venture - Series Unknown, Series A, Series B Information Technology, Software, Health Care $800k–$34M
Global Brain Corporation
VC Fund
38 Japan, United States, United Kingdom Series A, Series B, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $602k–$48M
ZhenFund
VC Fund
37 China, United States, Singapore Seed, Series A, Angel Artificial Intelligence, Software, E-Commerce $121k–$22M
Mizuho Capital
VC Fund
37 Japan, United States, Singapore Series A, Venture - Series Unknown, Series B Information Technology, Software, Artificial Intelligence $661k–$47M
Puhua Capital
VC Fund
35 China, United Kingdom, United States Series A, Series B, Seed Manufacturing, Health Care, Medical $1.5M–$103M
Plum Ventures
VC Fund
35 China, United States, Hong Kong Series A, Angel, Seed Manufacturing, E-Commerce, Software $437k–$28M
SZHTI Group
VC Fund
34 China, Canada, United States Series A, Angel, Series B Manufacturing, Electronics, Health Care $425k–$16M
CDH Investments
VC Fund
33 China, United States, Canada Series A, Series B, Series C Manufacturing, Health Care, Biotechnology $2.9M–$220M
Incubate Fund
VC Fund
33 Japan, United States, India Seed, Series A, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $288k–$20M
Legend Capital
VC Fund
31 China, United States, South Korea Series B, Series A, Series C Health Care, Medical, Biotechnology $2.9M–$200M
SOSV HAX
VC Fund
30 United States, Canada, China Seed, Convertible Note, Pre-Seed Robotics, Manufacturing, Health Care $25k–$4.7M
Yunqi Partners
VC Fund
29 China, United States, Singapore Series A, Seed, Series B Artificial Intelligence, Software, Manufacturing $1.8M–$60M
Future Capital Discovery Fund
VC Fund
29 China, United States, Singapore Seed, Angel, Series A Artificial Intelligence, Software, Information Technology $228k–$20M
Vertex Ventures China
VC Fund
29 China, United States, Hong Kong Series A, Series B, Seed Manufacturing, Artificial Intelligence, E-Commerce $1.6M–$150M
Oriza Holdings
VC Fund
28 China, United States, Canada Series A, Series B, Seed Manufacturing, Health Care, Biotechnology $1.5M–$100M
Qianhai Fund of Funds
VC Fund
28 China, Japan, Canada Series A, Series B, Series C Manufacturing, Health Care, Biotechnology $1.6M–$126M
Oriza Seed Capital (Oriza Yuandian)
VC Fund
28 China, United States, Singapore Series A, Seed, Angel Manufacturing, Health Care, Medical $223k–$60M
UntroD Capital
VC Fund
27 Japan, Singapore, Austria Seed, Venture - Series Unknown, Series A Manufacturing, Biotechnology, Health Care $316k–$15M
ZSVC
VC Fund
27 China, United States, India Series A, Seed, Series B Manufacturing, Medical, Health Care $1.4M–$84M
Seeds Capital
VC Fund
27 Singapore, United States, Hong Kong Seed, Series A, Series B Biotechnology, Artificial Intelligence, Health Care $767k–$45M
China Fortune-Tech Capital
VC Fund
26 China Series A, Series B, Venture - Series Unknown Manufacturing, Semiconductor, Electronics $14M–$364M
Northern Light Venture Capital
VC Fund
26 China, United States, South Korea Series A, Series B, Venture - Series Unknown Health Care, Medical, Biotechnology $1.5M–$60M
China Capital Management
VC Fund
26 China Series A, Series B, Series C Manufacturing, Aerospace, Semiconductor $3M–$283M
Frees Fund
VC Fund
26 China, United States, Singapore Series A, Angel, Seed Artificial Intelligence, Health Care, Medical $447k–$28M
Tsinghua Capital
VC Fund
25 China, Australia Seed, Angel, Series A Manufacturing, Artificial Intelligence, Robotics $436k–$74M
Dongfang Jiafu
VC Fund
25 China Series A, Seed, Series B Manufacturing, Semiconductor, Information Technology $14M–$100M
Hefei Industry Investment Group
VC Fund
25 China, Israel Series A, Series B, Seed Manufacturing, Semiconductor, Electronics $9.6M–$295M
Glory Ventures
VC Fund
25 China, Israel, United States Series A, Seed, Series B Artificial Intelligence, Software, Manufacturing $3M–$251M
SND Ventures Group
VC Fund
25 China Series A, Series B, Seed Manufacturing, Semiconductor, Health Care $1.4M–$28M
Hua Capital
VC Fund
25 China, United States Series A, Seed, Series B Manufacturing, Semiconductor, Electronics $4.7M–$145M
Zhuoyuan Capital
VC Fund
24 China, United States Seed, Series A, Series B Manufacturing, Semiconductor, Artificial Intelligence $1.4M–$43M
Gaorong Capital
VC Fund
24 China, United States, Singapore Series A, Series B, Seed Artificial Intelligence, Information Technology, Software $1.6M–$110M
ANRI
VC Fund
24 Japan, United States, Indonesia Seed, Series A, Venture - Series Unknown Software, Health Care, Information Technology $268k–$41M
Access all 50 VC funds in Asia Climate startups.

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

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Investor list

Shenzhen Capital Group
VC Fund · Shenzhen, Guangdong, China · 99 investments in Asia 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, Seed
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 651
  • Round size: Seed $1.4M–$29M; Series A $1.6M–$100M; Series B $7.5M–$141M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Prosemi — Pusenmei is a precision micro-resistance current sensor developer company committed to delivering professional and diverse precision micro-resistance current detecting resistors and circuit protection solutions.
  • Enrikenuo — Enrikenuo is a biotechnology company that focuses on the research and development of new generation CAR-NK technology based cell drugs.
  • Waker Biology — Weike Bio is a gene therapy drug development company.
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Addor Capital
VC Fund · Nanjing, Jiangsu, China · 93 investments in Asia 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, Venture - Series Unknown
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 364
  • Round size: Series A $1.6M–$30M; Series B $12M–$145M; Venture - Series Unknown $1.4M–$101M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $241M in 2021

Portfolio highlights

  • CVSENS — CVSENS is a developer and supplier of CMOS image sensor chips for the CIS industry.
  • Ibeki — Ibeki provides tiny photoelectric displacement sensors and servo control systems. eBridge uses the high precision and miniaturization of its precision motion drive technology to provide customers with a more complete technology portfolio, and has successfully transformed its core technology into a number of military and civilian products,particularly in aerospace, medical equipment, and intelligent control.
  • Ruimeng Semiconductor — Ruimeng Semiconductor is a provider of intelligent human-machine interface processor chips and solutions.
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Cowin Capital
VC Fund · Shenzhen, Guangdong, China · 87 investments in Asia 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 more successfully 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, Semiconductor
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 367
  • Round size: Seed $1.4M–$20M; Series A $2.8M–$51M; Series B $7.2M–$50M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: May invest from a new fund soon — raised $75M in 2014

Portfolio highlights

  • Bytetree — Bytetree is a technology company that focuses on providing the one-stop AI data services for data collection, cleaning, labeling, management, and storage for OEMs and autonomous driving solution providers, covering bicycle intelligence. , vehicle-road coordination, and smart cockpit three scenarios.
  • Digital China — Digital China is a robotics company focused on developing humanoid interactive robots that can break traditional boundaries and create emotionally resonated partners.
  • 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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Qiming Venture Partners
VC Fund · Shanghai, Shanghai, China · 77 investments in Asia 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 companies in 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: 1200
  • Round size: Series A $4.3M–$48M; Series B $8M–$90M; Series C $12M–$120M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely actively investing — fresh fund, raised $8M in 2026

Portfolio highlights

  • Nice Tuan — Nice Tuan is an e-commerce platform that provides daily groceries and miscellaneous products.
  • Windward Bio — Windward Bio is a clinical-stage, drug development company committed to improving outcomes for people living with serious immunological diseases.
  • Shennapsi Artificial Intelligence Technology — Synapsor is a medical-grade wearable device research and development company, oriented to the AI+ medical and health field, and is committed to the development and manufacturing of AI-powered medical-grade smart wearable devices, including AI-ECG artificial intelligence. Diagnostic analysis system, CUMS uric acid blood glucose and cholesterolmonitoring system, etc. The company has recently received tens of millions of yuan in Series B investment, and the investor is Xiaomi Technology.
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HSG
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 72 investments in Asia Climate startups

HSG is a leading venture capital and private equity firm investing globally in the technology, healthcare, and consumer sectors.

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Investment focus

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

Investor stats

  • Total investments: 1092
  • Round size: Seed $2M–$50M; Series A $3.1M–$100M; Series B $11M–$200M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — raised $2.5B in 2024

Portfolio highlights

  • Z.ai — Z.ai develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.ai supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models.
  • Xinghuo Chenguang — Xinghuo Chenguang is a hard-tech company focusing on semiconductor chips and optoelectronic interconnect technologies.
  • Suisheng Technology — Suisheng Technology is an innovative company specializing in AI-driven memory services, dedicated to developing intelligent solutions that help individuals and businesses capture, organize, and retrieve important information with greater efficiency and precision.
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Shunwei Capital
VC Fund · Beijing, Beijing, China · 70 investments in Asia 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 internet sectors. Their investors include sovereign wealth funds, fund of funds, university endowment funds, and family offices.

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Investment focus

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

Investor stats

  • Total investments: 618
  • Round size: Seed $1M–$74M; Series A $1.5M–$41M; Series B $8.2M–$55M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $1.2B in 2018

Portfolio highlights

  • Z.ai — Z.ai develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.ai supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models.
  • DiffuSpace — DiffuSpace is an artificial intelligence initiative dedicated to building diffusion language models to establish a new foundation model paradigm beyond traditional autoregression. Instead of generating text sequentially token by token, their technology focuses on thinking globally and evolving through uncertainty.
  • Clarify intelligence — Clarify Intelligence is an artificial intelligence technology company focused on the research, development, and deployment of AI-driven software and intelligent solutions. The company specializes in developing foundational AI platforms, application software, and advanced AI algorithms to support a wide range of industry use cases.
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Lenovo Capital
VC Fund · Beijing, Beijing, China · 63 investments in Asia 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: 347
  • Round size: Seed $1.4M–$65M; Series A $1.5M–$74M; Series B $8M–$150M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — raised $500M in 2016

Portfolio highlights

  • SemiGraph — SemiGraph focuses on the research, development, and implementation of "3D intelligent interaction + ultimate aesthetics."
  • Deepin Technology — Deepin Technology is a company that utilizes artificial intelligence, quantum chemistry, and high-throughput experiment technologies to enhance the efficiency and workflow of chemical material innovation. it offers efficient R&D solutions for chemical materials, aiming to solve lab bottlenecks, promote innovative research, and enhance customervalue.
  • SenseTime Medical — SenseTime Medical promotes the development and implementation of its medical big model and provides smart health solutions.
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Mitsubishi UFJ Capital
VC Fund · Tokyo, Tokyo, Japan · 57 investments in Asia Climate startups

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

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Series A, Venture - Series Unknown, Seed
  • Geography: Japan, United States, Israel

Investor stats

  • Total investments: 689
  • Round size: Seed $470k–$16M; Series A $1.2M–$21M; Venture - Series Unknown $525k–$11M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: May invest from a new fund soon — raised $94M in 2020

Portfolio highlights

  • Smart Craft —
  • Luxna Biotech — Luxana Biotech is a biotechnology firm dedicated to promoting the practical use of safe and effective nucleic acid therapies. Utilizing nucleic acid chemistry technology, the company strives to provide nucleic acid medicines to patients suffering from diseases that currently lack effective treatments.
  • Link Therapeutics — Link Therapeutics specializes in developing therapeutic methods for targeting autoantibodies and identifying pathogenic autoantibodies.
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SOSV
VC Fund · Princeton, New Jersey, United States · 57 investments in Asia Climate startups

SOSV offers pre-seed capital and follow-on financial support to startups focusing on deep technology and scientific innovation. Founders utilize purpose-built laboratory facilities and engineering spaces to accelerate product development and testing. The firm facilitates connections between entrepreneurs and a network of investors through structured matchmaking events and technology summits.

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Investment focus

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

Investor stats

  • Total investments: 3729
  • Round size: Seed $150k–$5M; Pre-Seed $50k–$1.6M; Convertible Note $50k–$3.6M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $306M in 2023

Portfolio highlights

  • Halla — Halla Intelligence is a digital solution that leverages over 100 billion shopper and product data points to recommend and promote what grocery items.
  • Simply Good Jars — Simply Good Jars is a B-Corp company that delivers healthy meals in reusable + returnable packaging through use of smart refrigerated kiosks placed in offices, transit centers, universities and health-systems. Driven by purpose to change that way people think about consumption, SGJ introduces sustainable business practices into their everydayoperations with a zero-waste goal. For every jar returned back to the company for reuse, they will help feed someone in need and ensure that no packaging materials end up in landfills.
  • Verdex Technologies — Verdex Technologies is an advanced materials platform technology that uses nanofibers to disrupt industries. Verdex doesn't just compete, it innovates and disrupts.
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IDG Capital
VC Fund · Beijing, Beijing, China · 57 investments in Asia Climate startups, 72 in the past 12 months

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

Investor stats

  • Total investments: 1238
  • Round size: Seed $600k–$44M; Series A $2M–$100M; Series B $6.2M–$110M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Manus AI — Manus is the action engine that goes beyond answers to execute tasks, automate workflows, and extend your human reach.
  • SemiGraph — SemiGraph focuses on the research, development, and implementation of "3D intelligent interaction + ultimate aesthetics."
  • Tian Keyu’s Research Lab — Tian Keyu’s Research Lab is a research lab of Tian Keyu.
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Access 48,091 investors

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

Browse database — It's Free!
Innoangel Fund
VC Fund · Beijing, Beijing, China · 54 investments in Asia Climate startups, 69 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 305
  • Round size: Seed $452k–$29M; Angel $425k–$14M; Series A $1.5M–$28M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Dongthink — Dongthink transform real-world actions and interactions into reusable, scalable training data.
  • Weilan Deep-Sea — Weilan Deep-Sea focuses on the global underwater ocean observation field, with its core product being distributed underwater observation systems that integrate advanced sensing, data transmission, and intelligent monitoring technologies to enable long-term, wide-area, and high-precision observation of oceanographic, environmental, and geologicalprocesses.
  • Qianjue Technology — Qianjue Technology is a company that created the first full-stack application-level robot model and offers cloud-based artificial intelligence solutions to robot manufacturers.
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Matrix Partners China
VC Fund · Beijing, Beijing, China · 51 investments in Asia 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 gone on to profitable M&A events. The firm consistently ranks in the top venture firms in terms of returns to its investors. Matrix Partners China combines local knowledge with global experience and vision. Its team consists of both former entrepreneurs and experienced investors. Its past successes include Focus Media, Eachnet, and Baidu, among others. The company invests across multiple sectors and stages.

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Investment focus

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

Investor stats

  • Total investments: 714
  • Round size: Seed $1.4M–$74M; Series A $2.9M–$52M; Series B $10M–$137M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $92M in 2023

Portfolio highlights

  • Camera360 — Camera360 is a mobile phone camera application. Through a variety of solutions, including Camera360 Ultimate, HelloCamera, Movie360, Pink360, Camera360 Cloud, Camera360 SDK and Web Camera360, Camera360 hopes to build an ecosystem for the modern creatives to capture, compose and share the beautiful moments of their lives.
  • DiffuSpace — DiffuSpace is an artificial intelligence initiative dedicated to building diffusion language models to establish a new foundation model paradigm beyond traditional autoregression. Instead of generating text sequentially token by token, their technology focuses on thinking globally and evolving through uncertainty.
  • Liepin — Liepin is the largest and most professional high-end talent community-based recruitment site, with its innovative products and unique service model model for create an interactive high-end talent recruitment platform between business, headhunting and workplace. Tens of thousands of professional executive search consultant for businesses and jobseekers set up communication between the bridge and accelerate corporate recruitment process, recommended paying jobs in the workplace, career development planning. 16 job seekers to avoid the risk of privacy protection, millions of high-end elite member libraries, help enterprises development needs.
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Fortune Venture Capital
VC Fund · Shenzhen, Guangdong, China · 50 investments in Asia 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 the highest 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, Information Technology, Software
  • Stage:Series A, Series B, Seed
  • Geography: China, Japan, United States

Investor stats

  • Total investments: 328
  • Round size: Seed $462k–$73M; Series A $1.5M–$42M; Series B $3M–$60M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $860M in 2021

Portfolio highlights

  • Sandstone — SandStone is a product, solution and service provider focused on next-generation data storage (ServerSAN), which is dedicated to helping users cope with data storage, traffic and data management complexity, helping users build storage virtualization and Computation of virtualization as the core cloud computing infrastructure environment, andgradually provide data processing, mining, analysis and intelligence in the field of big data professional systems and services.
  • Sungen Biomedical — Sungen Biomedical is an innovative antibody drug R&D enterprise. It has established international standard technology platforms and original biological macromolecular R&D pipelines. Their focus includes therapeutic drugs for cardiovascular and cerebrovascular diseases, tumors, and more.
  • NeueHCT — Horizon Continental Technology is a joint venture between Continental Group and Horizon Robotics
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Oriental Fortune Capital
VC Fund · Shenzhen, Guangdong, China · 47 investments in Asia 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 treatment and 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: Manufacturing, Software, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 335
  • Round size: Seed $1.5M–$100M; Series A $1.5M–$30M; Series B $3.1M–$100M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Memory tensor — Memory tensor designed with a focus on systematic innovation, grounded firmly in fundamental principles, serves as a powerful tool for scalable and adaptable intelligence. Its architecture emphasizes three core attributes: low cost, ensuring economic feasibility and accessibility; low illusion, reducing overfitting and minimizing hallucinations ormisleading outputs; and high generalization.
  • Langsilicon Technology — Langsilicon Technology is an electronic component R&D firm that specializes in the design, development, and sales of silicon-based passive components (capacitors, inductors, and resistors).
  • Lightwheel — Light Wheel Intelligence is offers automated, physically precise and controllable, real and generalizable synthetic data solutions to build AI data infrastructure,
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GSR United Capital
VC Fund · Beijing, Beijing, China · 46 investments in Asia 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 industrial funds 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, Information Technology, Automotive
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 234
  • Round size: Seed $450k–$14M; Series A $794k–$16M; Series B $789k–$50M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely actively investing — fresh fund, raised $69M in 2025

Portfolio highlights

  • Tec-do — 1.Tec-Do 2.0 is a leading AI martech company delivering result-centric marketing solutions for global business growth.
  • PhotoG — PhotoG is an international GenAI content marketing tool supplier. It operates in the fields of overseas content marketing and generative AI, with a focus on visual content development and e-commerce brand marketing.
  • Mailian Medical Technology — Mailian Medical Technology is a company specializing in brain-computer interface (BCI) technology and electroencephalogram
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K2VC
VC Fund · Beijing, Beijing, China · 43 investments in Asia Climate startups, 13 in the past 12 months

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, Software
  • Stage:Angel, Series A, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 322
  • Round size: Seed $1M–$14M; Angel $417k–$3.1M; Series A $1.4M–$25M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely actively investing — fresh fund, raised $31M in 2025

Portfolio highlights

  • Quantex — Quantex is committed to focusing on the next generation of information technology and integrated circuit fields, and is dedicated to the in-depth research and development of 3.2T/6.4T photonic integrated chips (PIC), optical modules and CPO (co-packaged optics) solutions, leading the localization of high-end optical transmission chips.
  • XinYang Micro — Xinyangwei is an early stage underwater sensing chip startup specializing in CMUT (Capacitive Micromachined Ultrasonic Transducer) technology. The company provides integrated acoustic sensing modules and 3D imaging components designed to give pool cleaning robots intelligent near field path planning and mapping capabilities.
  • Sequence Technology — Sequence Technology emphasizes in the production of polymer materials used in the semiconductor manufacturing process.
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Xiaomi
VC Fund · Beijing, Beijing, China · 43 investments in Asia Climate startups

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Investment focus

  • Industry: Manufacturing, Electronics, Software
  • Stage:Series A, Series B, Angel
  • Geography: China, India, United States

Investor stats

  • Total investments: 286
  • Round size: Angel $435k–$2.5M; Series A $1.5M–$70M; Series B $3M–$63M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Z.ai — Z.ai develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.ai supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models.
  • Sudu Technology — sudo AI builds the foundation for general-purpose robots, enabling robotic skills to be learned, transferred, and deployed across the physical world.
  • Shifang Technology — Shifang Technology is a high-tech enterprise that provides integrated intelligent equipment for manufacturing industries.
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SMBC Venture Capital
VC Fund · Tokyo, Tokyo, Japan · 38 investments in Asia Climate startups

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

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Investment focus

  • Industry: Information Technology, Software, Health Care
  • Stage:Venture - Series Unknown, Series A, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 673
  • Round size: Series A $1.1M–$32M; Series B $2.3M–$34M; Venture - Series Unknown $800k–$12M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • LQUOM — QWAVE offers cryptography communication technology.
  • Etaily — Etaily provides e-commerce and retail solutions in the Philippines, enabling brands with end-to-end services, from store management to fulfillment.
  • Link Therapeutics — Link Therapeutics specializes in developing therapeutic methods for targeting autoantibodies and identifying pathogenic autoantibodies.
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Global Brain Corporation
VC Fund · Tokyo, Tokyo, Japan · 38 investments in Asia Climate startups

Global Brain Corporation is a venture capital firm that invests in companies from seed or early to pre-IPO startups. Global Brain has invested in 300+ startups from seed/early to pre-IPO startups and achieved 25 IPOs and 61 M&As as a result of providing hands-on support services and resources to its portfolio startups. Global Brain has managed a pure investment fund as well as multiple corporate venture capital funds partnered together with tier 1 public companies of telecom, real estate development, financial service, beverages, agriculture food, logistics, and electronic devices.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Series B, Venture - Series Unknown
  • Geography: Japan, United States, United Kingdom

Investor stats

  • Total investments: 835
  • Round size: Series A $1.9M–$31M; Series B $3.4M–$48M; Venture - Series Unknown $602k–$10M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely actively investing — fresh fund, raised $65M in 2025

Portfolio highlights

  • Josys — Stop letting runaway SaaS costs & unsecured SaaS access ruin your day. Josys is the only SaaS Management Platform that provides true 360-degree control.
  • Essen — Essen is a technological company that specializes in mobility and data analysis, as well as using data to improve transportation.
  • Deeping Source — Real-time Video Analytics based on Data Anonymization. High-accuracy computer vision for large-scale spaces: hypermarkets, shopping malls, convention centers, hospitals, logistics warehouses, construction sites, etc.
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ZhenFund
VC Fund · Beijing, Beijing, China · 37 investments in Asia 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. We believe 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:Seed, Series A, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 763
  • Round size: Seed $121k–$14M; Angel $425k–$3M; Series A $873k–$22M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $140M in 2022

Portfolio highlights

  • Manus AI — Manus is the action engine that goes beyond answers to execute tasks, automate workflows, and extend your human reach.
  • Snowplus — SNOWPLUS is an e-cigarette brand that provides users with e-cigarette products through a combination of online and offline sales models. The products are available in 12 different types of flavors. The products use TrueFeel honeycomb ceramic atomization technology and Aeroflow intake. Technology; In addition to reference to the existing food-gradestandards in China, Xuejia has also passed a number of third-party certifications in terms of safety. The core components such as atomizing core and cigarette holder comply with the highest medical safety standards of the FDA and the European Union.
  • Futuring Robot — Futuring Robot is a developer of dual-arm home service robots focusing on C-end home scenarios.
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Mizuho Capital
VC Fund · Tokyo, Tokyo, Japan · 37 investments in Asia Climate startups

Mizuho is the venture capital firm affiliated to Mizuho Bank, the second-largest Japanese bank in terms of assets. The firm has headquarters in Tokyo. The firm has ¥49.6 billion JPY under management, focusing on information technology and biotechnology investments. Over 600 Mizuho companies have gone public. According to Nikkei, Mizuho is the fifth-largest venture capital firm in Japan. Mizuho Capital was formed in 2002 by the merger of Fujigin Capital, Tokyo Venture Capital and IBJ Investment. Three firms were subsidiaries of Fuji Bank, Dai-Ichi Kangyo Bank and the Industrial Bank of Japan respectively.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Series A, Venture - Series Unknown, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 550
  • Round size: Series A $1.4M–$32M; Series B $2.4M–$47M; Venture - Series Unknown $661k–$11M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $92M in 2020

Portfolio highlights

  • CaTe — CaTe is based in Tokyo. CaTe develops and manufactures a Digital Therapeutic (DTx) for remote cardiac rehabilitation. Their invention allows heart disease patients to safely and successfully complete cardiac rehabilitation utilizing standing exercise in a confined space, such as at home, without the use of ergometers or similar instruments.
  • Flyle — Flyle provides a cloud based platform for product management helping customers to improve productivity & creativity in product development.
  • HEARTBEATS — HEARTBEATS builds fan engagement platforms and digital experiences for sports teams, artists, and entertainment brands.
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Puhua Capital
VC Fund · Hangzhou, Zhejiang, China · 35 investments in Asia 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: Manufacturing, Health Care, Medical
  • Stage:Series A, Series B, Seed
  • Geography: China, United Kingdom, United States

Investor stats

  • Total investments: 281
  • Round size: Seed $2.5M–$30M; Series A $1.5M–$42M; Series B $3M–$103M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • MindMotion — MindMotion is an electronics company that supplies general-purpose 32-bit MCU products and solutions. The company's MM32 MCU products developed by the company based on the Arm Cortex-M series cores have four series of F/L/SPIN/W, more than 200 models, and a cumulative delivery of more than 300 million units, ranking in theforefront of local general-purpose 32-bit MCU companies.MindMotion was founded in 2011 and is headquartered in Shanghai, China.
  • 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.
  • Interstellar Lightyear — Interstellar Lightyear Technology is a developer specializing in dexterous robotic hands, focusing on creating intelligent dexterous hands with advanced capabilities for precise manipulation.
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Plum Ventures
VC Fund · Changzhou, Zhejiang, China · 35 investments in Asia Climate startups, 27 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 298
  • Round size: Seed $1.4M–$10M; Angel $437k–$3M; Series A $1.4M–$28M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $78M in 2019

Portfolio highlights

  • Ora-Orb — Ora-Orb isan AI-powered emotion technology and reflection platform that combines physical hardware, app integration, and a virtual character to serve as an interactive companion.
  • Ubinexus — Ubinexus focuses on the overall design capabilities of satellite communication payloads and satellite-based comprehensive digital processing technology to meet the multi-dimensional needs of low-orbit mega-constellation construction and provide users with the world's leading communication payload system.
  • Alphalong Technologies — Afalong Technology focuses on R&D of core AI and AR technologies and products, having developed advanced items like AI smart glasses, HemeltX all-in-one smart glasses, and specialized three-proof handheld terminals for smart glasses.
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SZHTI Group
VC Fund · Shenzhen, Guangdong, China · 34 investments in Asia Climate startups, 16 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 138
  • Round size: Angel $425k–$1.4M; Series A $888k–$16M; Series B $3.2M–$15M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • GeneMind Biosciences — GeneMind Biosciences is a domestic third-generation single-molecule gene sequencing system. GeneMind Biosciences has been fighting to provide better gene sequencing solutions for clinicians and researchers. A Gene sequencer is the crown jewel in the field of gene sequencing. Entrepreneurs will lead their innovations and breakthroughs throughunremitting research and exploration. GeneMind believes that the strong pass of the difficulty is like a wall of iron, yet with firm strides, we are conquering its summit.
  • Xinhe Robot Technology — Xinhe Robot Technology manufactures specialized explosion-proof robotic systems designed for automated operations in bulk grain storage facilities and maritime cargo holds. The company's core business model integrates sensor-fusion navigation, LiDAR mapping, and helical-wheel drivetrains to execute autonomous grain leveling, turning, and real-time environmental inspection. By deploying these intelligent robotic hardware clusters alongside digital twin software systems, the company provides granular monitoring metrics that minimize manual hazard exposures and prevent crop degradation.
  • Vision Robotics Technology — Vision Robotics Technology is a technology company focuses on tactile perception and robot manipulation.
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CDH Investments
VC Fund · Kowloon City, Kowloon, Hong Kong · 33 investments in Asia Climate startups, 41 in the past 12 months

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 many years 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: 334
  • Round size: Series A $2.9M–$100M; Series B $14M–$149M; Series C $30M–$220M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Synapath — Synapath focuses on using embodied intelligence and robotics technology to create clever systems for making decisions for multi-domain applications that are intelligent.
  • Blue Pivot Energy Technology — Blue Pivot Energy Technology is a nuclear energy technology company focused on the independent development and commercialization of integrated water-cooled small modular reactors (SMRs).
  • Deep Space Matrix Technology — Deep Space Matrix Technology's long-term objective is to benchmark against SpaceX and progressively construct a Chinese equivalent of an integrated air, space, and sea superintelligent system.
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Incubate Fund
VC Fund · Tokyo, Tokyo, Japan · 33 investments in Asia Climate startups

Incubate Fund is an independent early-stage venture capital that specializes in providing capital to technology startups at the seed stage. The firm built a portfolio of over 300 companies in Asia, taking 12 companies to public and 20 companies to M&A exit since 2010.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 395
  • Round size: Seed $288k–$7.1M; Series A $1.8M–$20M; Venture - Series Unknown $368k–$9.2M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $127M in 2024

Portfolio highlights

  • Akari Hosho — Akari Hosho provides a group of trusted professionals, including lawyers and judicial scriveners. Akari Hosho provides a guarantee service.
  • Black Cat Carnival — Tell us about anything development-related. Our founder, who launched Niconico Live, SUGAR and GANMA! from scratch, helps with planning, design, development and operations.
  • Carbon CryoCapture — Carbon CryoCapture specializes in the carbon dioxide separation systems aimed at creating economically viable, energy-efficient, and genuinely sustainable CO2 separation and recovery technologies. The company is dedicated to deploying cost-effective, efficient systems for CO2 capture that integrate smoothly with current infrastructures, all whileenhancing energy consumption and production. This enables clients to attain zero emissions throughout the development and application of resources.
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Legend Capital
VC Fund · Beijing, Beijing, China · 31 investments in Asia 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 China or 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: 523
  • Round size: Series A $2.9M–$93M; Series B $12M–$100M; Series C $15M–$200M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $177M in 2021

Portfolio highlights

  • Z.ai — Z.ai develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.ai supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models.
  • DiffuSpace — DiffuSpace is an artificial intelligence initiative dedicated to building diffusion language models to establish a new foundation model paradigm beyond traditional autoregression. Instead of generating text sequentially token by token, their technology focuses on thinking globally and evolving through uncertainty.
  • Huixin Bio — Huixin Bio is a developer of exosome purification products and early cancer detection technology.
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SOSV HAX
VC Fund · San Francisco, California, United States · 30 investments in Asia Climate startups, 11 in the past 12 months

HAX is a program for Hard Tech startups taking their first steps towards commercialization. We provide hands-on support and investment as part of SOSV, a $1B AUM multi-stage venture firm.

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Investment focus

  • Industry: Robotics, Manufacturing, Health Care
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, Canada, China

Investor stats

  • Total investments: 669
  • Round size: Seed $100k–$4.7M; Pre-Seed $25k–$2.4M; Convertible Note $100k–$3.8M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • 5QXT — 5QXT is a mining technology company that provides the design, development, and implementation of metal extraction processes.
  • XFuel — XFuel is a fuel company that provides green and clean fuels to distributors and consumers. The company was founded in 2010 and is based in Palma de Mallorca, Baleares.
  • Cortysis — Cortysis develops brain stimulation device for rapid spatial and temporal modulation of cortical networks
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Yunqi Partners
VC Fund · Shanghai, Shanghai, China · 29 investments in Asia Climate startups, 36 in the past 12 months

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: 254
  • Round size: Seed $1.8M–$30M; Series A $4.3M–$30M; Series B $10M–$60M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — raised $300M in 2021

Portfolio highlights

  • BCI-Sonics — BCI-Sonics is an innovative medtech company developing non-invasive brain-computer interface solutions using advanced transcranial focused ultrasound (tFUS) technology. The company builds a next-generation therapeutic platform enabling precise neuromodulation to treat central nervous system disorders. BCI-Sonics develops low-intensity focusedultrasound technology that non-invasively stimulates deep brain regions with high precision. They combine ultrasound engineering and neuroscience to interface safely and effectively with the human brain without surgery. The company is creating an AI ultrasound brain-computer interface platform for therapeutic neuromodulation applications.
  • Soge Intelligent — Soge Intelligent engages in technology promotion and application services.
  • Honghu Future Energy — Honghu Fusion focuses on researching, engineering, and commercializing controlled nuclear fusion reactors by utilizing high-temperature superconducting stellarator designs. The company integrates artificial intelligence, digital twin modeling, and additive manufacturing to design and optimize complex magnetic coil structures. Through its proprietary engineering frameworks and academic joint ventures, it develops compact experimental devices aimed at achieving sustainable, clean commercial energy.
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Future Capital Discovery Fund
VC Fund · Beijing, Beijing, China · 29 investments in Asia Climate startups, 15 in the past 12 months

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, Information Technology
  • Stage:Seed, Angel, Series A
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 207
  • Round size: Seed $228k–$8M; Angel $409k–$6.5M; Series A $929k–$20M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: Likely still investing — raised $57M in 2022

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.
  • Guangyu Yuanxin — Guangyu Yuanxin is a semiconductor technology service provider that specializes in offering ultra-high precision display screen services for metaverse HMI devices like AR and VR.
  • Xingyue Semiconductor — Xingyue Semiconductor designs, develops, and distributes integrated circuits and devices.
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Vertex Ventures China
VC Fund · Beijing, Beijing, China · 29 investments in Asia 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, and India, 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, Hong Kong

Investor stats

  • Total investments: 227
  • Round size: Seed $3M–$30M; Series A $1.6M–$53M; Series B $6.7M–$150M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • AnHeart Therapeutics — AnHeart Therapeutics is a developer of innovative pharmaceutical products. The company is focused on acquiring, developing and commercializing innovative pharmaceutical products that improve human health and quality of life. It's main research product, AB-106, is an oral, highly selective ROS1/NTRK small molecule inhibitor.
  • SuperDimension Power — SuperDimension is dedicated to creating leading embodied intelligent brains and robot bodies.
  • Bingchen Quantum Technology — Bingchen Quantum is a tech hardware enterprise that develops and manufactures critical upstream equipment for neutral-atom quantum computing. The company specializes in building standardized, high-performance cold atom systems to replace non-standard laboratory equipment. Its products focus on resolving scalability and commercialization bottlenecks by converting complex scientific setups into general-purpose, plug-and-play industrial hardware.
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Oriza Holdings
VC Fund · Suzhou, Jiangsu, China · 28 investments in Asia Climate startups, 36 in the past 12 months

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, Seed
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 227
  • Round size: Seed $4.5M–$44M; Series A $1.5M–$46M; Series B $10M–$100M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • BCI-Sonics — BCI-Sonics is an innovative medtech company developing non-invasive brain-computer interface solutions using advanced transcranial focused ultrasound (tFUS) technology. The company builds a next-generation therapeutic platform enabling precise neuromodulation to treat central nervous system disorders. BCI-Sonics develops low-intensity focusedultrasound technology that non-invasively stimulates deep brain regions with high precision. They combine ultrasound engineering and neuroscience to interface safely and effectively with the human brain without surgery. The company is creating an AI ultrasound brain-computer interface platform for therapeutic neuromodulation applications.
  • MOSS Intelligence — MOSS Intelligence is a high-tech enterprise in China focusing on the research and commercialization of next-generation strong interactive basic models, aiming to advance the development of highly adaptive, multimodal AI systems that enable natural, context-aware human–machine interaction while supporting scalable applications across industries suchas education, enterprise services, robotics, and digital ecosystems.
  • Leadsynbio — Pilot Bio is a bio-manufacturing technology research and development company, focusing on bio-manufacturing of major chemical products, bio-process substitution in heavy-polluting industries, etc., providing users with bio-catalytic synthesis processes, enzyme product research and development, production, sales, and downstream companies with enzymeengineering , Technical service outsourcing and production service outsourcing of strain transformation and metabolic engineering.
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Qianhai Fund of Funds
VC Fund · Shanzhen, Fujian, China · 28 investments in Asia 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: 165
  • Round size: Series A $1.6M–$63M; Series B $2.9M–$45M; Series C $14M–$126M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Prosemi — Pusenmei is a precision micro-resistance current sensor developer company committed to delivering professional and diverse precision micro-resistance current detecting resistors and circuit protection solutions.
  • LINKER — LINKER specializes in the algorithm research of digital audio and video technology.
  • Yuansi Technology — Yuansi Technology develops brain-computer interface hardware and interactive solutions for medical, research, consumer, and education sectors.
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Oriza Seed Capital (Oriza Yuandian)
VC Fund · Suzhou, Jiangsu, China · 28 investments in Asia Climate startups, 34 in the past 12 months

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 healthcare field. 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: 154
  • Round size: Seed $223k–$25M; Angel $425k–$15M; Series A $1.4M–$60M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Weilan Deep-Sea — Weilan Deep-Sea focuses on the global underwater ocean observation field, with its core product being distributed underwater observation systems that integrate advanced sensing, data transmission, and intelligent monitoring technologies to enable long-term, wide-area, and high-precision observation of oceanographic, environmental, and geologicalprocesses.
  • Diver Innovation — Loon Innovation addresses a key limitation of traditional unmanned systems they typically operate in isolation, with aerial drones (“fly in the sky”) and underwater vehicles (“swim in the water”) functioning independently rather than as an integrated, coordinated system.
  • Thortime Technology — Thortime Technology is a hard-tech company specializing in the full-stack development, manufacturing, and delivery of Neutral Beam Injection systems for controllable nuclear fusion devices.
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UntroD Capital
VC Fund · Sumida, Tokyo, Japan · 27 investments in Asia Climate startups, 11 in the past 12 months

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

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Investment focus

  • Industry: Manufacturing, Biotechnology, Health Care
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Japan, Singapore, Austria

Investor stats

  • Total investments: 148
  • Round size: Seed $316k–$6M; Series A $2.1M–$15M; Venture - Series Unknown $438k–$10M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • JAOPS — JAOPS is dedicated to Operations as a Service and develops software, tools, and services for space mission operations, including data processing, mission planning, context evaluation, anomaly resolution, and real-time mission control and monitoring. The company provides mission operations design, training, and certification for operators, astronauts, and ground segment teams. JAOPS offers products such as Yamcs Gateway, mission control tools, and simulation environments to support spacecraft and lunar rover missions. Its services include turnkey mission control center design and deployment, operational reviews, and operations as a service. JAOPS works with open-source platforms like Yamcs, Grafana, and robotics simulators to support Earth orbit, cislunar, and lunar surface missions.
  • Eco-Pork — Eco-Pork is a co-creation solution farm that supports farmers' food productivity improvement. It is connecting the pig and technology, pork ( Pork ) new business ecosystems ( Ecosystem By building a), in the pork growing demand around the world, to get the most out of the food supply capacity is finite.
  • Teragen Energy — Teragen Energy develops an energy technology platform based on advanced regenerative solid oxide fuel cells that provide both power generation and energy storage in a single system. The company’s systems generate electricity from external fuels such as natural gas or hydrogen without combustion and can operate in reverse to store power as hydrogen.Teragen designs modular systems that can be scaled from megawatt-scale installations for data centers to deployments for microgrids, renewable projects, and utilities. Its technology is intended to help operators manage variable renewable output, ride through outages, and address daily capacity needs using one device. Teragen focuses on applications including AI and cloud data centers, manufacturing and cold storage facilities, remote communities, and electric grid infrastructure. The platform is positioned to replace separate diesel generators and battery systems by combining fuel-flexible generation and low-cost storage in a compact footprint.
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ZSVC
VC Fund · Beijing, Beijing, China · 27 investments in Asia Climate startups, 14 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: 148
  • Round size: Seed $1.4M–$4M; Series A $1.5M–$21M; Series B $3.1M–$84M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Tpson — Tpson is a Smart Hardware company.
  • Ounuo Semiconductor — Ounuo Semiconductor is a manufacturing company that provides research and development of semiconductor equipment.
  • HUAXI Technology — HUAXI Technology is a global leader specializing in the development and delivery of comprehensive, high-end smart elderly care solutions. By integrating advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and big data analytics, the company is dedicated to enhancing the quality of life for seniors worldwide.
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Seeds Capital
VC Fund · Singapore, Central Region, Singapore · 27 investments in Asia Climate startups

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

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Investment focus

  • Industry: Biotechnology, Artificial Intelligence, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Singapore, United States, Hong Kong

Investor stats

  • Total investments: 150
  • Round size: Seed $767k–$6.8M; Series A $2.4M–$21M; Series B $5M–$45M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Nexstrom — Nexstrom is a semiconductor technology company developing wafer-scale 2D semiconductor technology and manufacturing systems for next-generation computing. Its technology is designed to address the high transistor density and energy efficiency requirements of AI infrastructure, supporting the development of advanced computing hardware for AI and other applications.
  • Respiree — They offer platforms that are able to report clinical deterioration and provide recommended interventions with post-monitoring.They work in the health care industry, just like you. We take the time to get to know you, and we always keep your best interests in mind when adding and adjusting products in our catalog.
  • Protuoso Biosciences — Protuoso Bio is a pioneering biotechnology company developing Next-Gen MUXBODIES for Complex Diseases. We leverage AI-driven protein engineering and synthetic biology to advance innovative oncology drug research.
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China Fortune-Tech Capital
VC Fund · Shanghai, Shanghai, China · 26 investments in Asia Climate startups, 39 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 electronic materials, 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, Venture - Series Unknown
  • Geography: China

Investor stats

  • Total investments: 108
  • Round size: Series A $14M–$155M; Series B $14M–$149M; Venture - Series Unknown $14M–$364M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Jetantix — Jetantix offers digital smart power technology that blends product R&D, manufacturing, sales, and individualized value-added services.
  • Zhongke lon — Zhongke lon engages in the R&D and manufacturing of high-end medical devices such as proton therapy equipment. It is committed to providing full-cycle solutions for the construction and operation of proton therapy centers and creating nuclear technology applications and medical equipment. The company was established in 2016 and is headquartered in Hefei, Anhui, China.
  • Fulian Integrated — Fulian Integrated is a leading compound semiconductor manufacturer and controlled by the Fujian Electronics & Information Group,The company operates an advanced 6-inch gallium arsenide production line capable of manufacturing 36,000 wafers annually for high-performance radio frequency (RF) chips. Its proprietary technologies support critical applications across 4G/5G mobile networks, WiFi, IoT, and satellite communications
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Northern Light Venture Capital
VC Fund · Beijing, Beijing, China · 26 investments in Asia 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, Venture - Series Unknown
  • Geography: China, United States, South Korea

Investor stats

  • Total investments: 400
  • Round size: Series A $2.9M–$40M; Series B $8.8M–$56M; Venture - Series Unknown $1.5M–$60M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — raised $375M in 2021

Portfolio highlights

  • Flytech — Flytech specializes in crystal materials and related components for magneto-optical-electrical integrated signal processing.
  • Moge Microflow — Moge Microflow is a manufacturer of equipment for microreactors. It provides continuous flow production technologies and equipment for nanomaterials, pharmaceutical intermediates, and fine chemicals, as well as standardized high-end microreactor equipment.
  • Bianzhong New Materials — Bianzhong New Materials is a high-tech company that specializes in the research and development of equipment for weaving and shaping three-dimensional preforms of high-strength fiber composite materials.
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China Capital Management
VC Fund · Beijing, Beijing, China · 26 investments in Asia Climate startups, 31 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: 93
  • Round size: Series A $7.4M–$55M; Series B $3M–$28M; Series C $4.8M–$283M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely actively investing — fresh fund, raised $148M in 2026

Portfolio highlights

  • Biotree — Baiqu Bio is a high-tech enterprise specializing in the application, consulting and development of cutting-edge research technology in life sciences. It is also an early detection and analysis service organization for comprehensive solutions of metabolomics in China. The company's core team has extensive experience in the field of metabolomicsin scientific research services, health testing, and industrial testing. Baiqu Bio focuses on mass spectrometry and metabolic testing, and continues to develop and research on metabolomics product innovation and technology. At present, it has a number of metabolomics patents, masters the core technology in the field of metabolomics, and is proud of the domestic metabolomics detection and analysis field. Achievements. Since its inception, the company's performance has maintained a steady growth momentum for consecutive years and has achieved profitability for six consecutive years.
  • Planck Innovation — Pulang Innovation is a semiconductor quantum dot light-emitting material and equipment developer, focusing on the research and development, production and sales of semiconductor quantum dot light-emitting materials, new quantum dot displays and semiconductor thin film process equipment. The company has quantum dot material research and development,synthesis, and production capabilities. It has core technology. The unique quantum dot coating technology solves the key problem of insufficient stability of quantum dot materials. The quantum dot optical film products produced by the company are in thickness (ultra-thin), Stability, edge failure, color gamut and other key indicators are in a leading position in China. The innovation of the wave makes the application of quantum dot technology in portable display devices a possibility.
  • Yisheng New Materials — Yisheng New Materials has developed a W-coating thickness management technology that creates a highly thermally conductive interface between diamond and the metal substrate while avoiding damaging interfacial interactions.
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Frees Fund
VC Fund · Beijing, Beijing, China · 26 investments in Asia 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-stage startups, 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, Medical
  • Stage:Series A, Angel, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 244
  • Round size: Seed $1.4M–$14M; Angel $447k–$10M; Series A $1.6M–$28M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $144M in 2015

Portfolio highlights

  • Chuguang 3D — Chuguang 3D is a optical micro-nano 3D sensor technology platform that focuses on research and development, and manufacturing of micro-nano-level optical three-dimensional sensing and measurement and testing instruments.
  • Flysound — Flysound is a hearing technology company focused on making advanced AI-powered hearing aids affordable and accessible. Its products combine AI sound processing, Bluetooth connectivity, app-based personalization, and rechargeable convenience. With a focus on innovation, quality, and user-friendly design, Flysound aims to help people hear moreclearly and stay connected to everyday life.
  • Clarify intelligence — Clarify Intelligence is an artificial intelligence technology company focused on the research, development, and deployment of AI-driven software and intelligent solutions. The company specializes in developing foundational AI platforms, application software, and advanced AI algorithms to support a wide range of industry use cases.
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Tsinghua Capital
VC Fund · Haidian, Beijing, China · 25 investments in Asia Climate startups, 41 in the past 12 months

Tsinghua Capital is an investment firm.

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Investment focus

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

Investor stats

  • Total investments: 102
  • Round size: Seed $1.4M–$74M; Angel $436k–$15M; Series A $8.3M–$18M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Dongthink — Dongthink transform real-world actions and interactions into reusable, scalable training data.
  • Clarify intelligence — Clarify Intelligence is an artificial intelligence technology company focused on the research, development, and deployment of AI-driven software and intelligent solutions. The company specializes in developing foundational AI platforms, application software, and advanced AI algorithms to support a wide range of industry use cases.
  • SiliconFlow — Silicon Mobile Technology is an AI ​​infrastructure company that specilaizes in large models inference and deployment system to reduce the cost in the AIGC and LLM industries.
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Dongfang Jiafu
VC Fund · Hangzhou, Zhejiang, China · 25 investments in Asia Climate startups, 25 in the past 12 months

Dongfang Jiafu is an equity fund management firm.

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Investment focus

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

Investor stats

  • Total investments: 71
  • Round size: Seed $14M–$89M; Series A $14M–$42M; Series B $28M–$100M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Zhongke lon — Zhongke lon engages in the R&D and manufacturing of high-end medical devices such as proton therapy equipment. It is committed to providing full-cycle solutions for the construction and operation of proton therapy centers and creating nuclear technology applications and medical equipment. The company was established in 2016 and is headquartered in Hefei, Anhui, China.
  • Gaowei Medicine — Gaowei Medicine is a drug discovery platform for developing new drugs for key intractable diseases such as cancer and neurological diseases.
  • Blue Pivot Energy Technology — Blue Pivot Energy Technology is a nuclear energy technology company focused on the independent development and commercialization of integrated water-cooled small modular reactors (SMRs).
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Hefei Industry Investment Group
VC Fund · Hefei, Anhui, China · 25 investments in Asia 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: 91
  • Round size: Series A $9.6M–$101M; Series B $14M–$295M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2026

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.
  • Hangke Platinum Technology — Hefei Hangke Borui focuses on the R&D and production of advanced thermal barrier and high-temperature corrosion-resistant coatings.
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Glory Ventures
VC Fund · Shanghai, Shanghai, China · 25 investments in Asia 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 distinguishes itself 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: Artificial Intelligence, Software, Manufacturing
  • Stage:Series A, Seed, Series B
  • Geography: China, Israel, United States

Investor stats

  • Total investments: 110
  • Round size: Seed $3M–$62M; Series A $7.3M–$126M; Series B $14M–$251M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $155M in 2024

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.
  • Chiplight Technology — Chipligh Technology develops optical interconnect and silicon photonics solutions for AI computing clusters.
  • Honghu Future Energy — Honghu Fusion focuses on researching, engineering, and commercializing controlled nuclear fusion reactors by utilizing high-temperature superconducting stellarator designs. The company integrates artificial intelligence, digital twin modeling, and additive manufacturing to design and optimize complex magnetic coil structures. Through its proprietary engineering frameworks and academic joint ventures, it develops compact experimental devices aimed at achieving sustainable, clean commercial energy.
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SND Ventures Group
VC Fund · Suzhou, Jiangsu, China · 25 investments in Asia Climate startups, 8 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: 84
  • Round size: Series A $1.6M–$21M; Series B $1.4M–$28M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Ruiqi Deep Space — Ruichi Deep Space is an intelligent remote sensing constellation company built on space-based capabilities and driven by AI , aiming to construct a " commercial aerospace" platform.
  • 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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Hua Capital
VC Fund · Beijing, Beijing, China · 25 investments in Asia Climate startups, 34 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-focusing investment 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: 92
  • Round size: Seed $14M–$74M; Series A $7M–$143M; Series B $4.7M–$145M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Pongbot — Shop AI-powered tennis ball machines and professional table tennis robots from PONGBOT. Train smarter with customizable drills and precision control.
  • Shanghai Jianqi — Shanghai Jianqi Technology Co., Ltd. specializes in developing liquid rocket reuse technologies, focusing specifically on the engineering and total development of two-stage completely reusable rocket systems.
  • Yisheng New Materials — Yisheng New Materials has developed a W-coating thickness management technology that creates a highly thermally conductive interface between diamond and the metal substrate while avoiding damaging interfacial interactions.
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Zhuoyuan Capital
VC Fund · Shenzhen, Guangdong, China · 24 investments in Asia Climate startups, 16 in the past 12 months

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:Seed, Series A, Series B
  • Geography: China, United States

Investor stats

  • Total investments: 90
  • Round size: Seed $1.4M–$40M; Series A $1.6M–$41M; Series B $14M–$43M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Yuanhao Power — The primary focus of Yuanhao Power, an AI native technology developer, is the creation of fifth-generation multimodal 4D world model base models. It creates a cohesive model system that encompasses dynamic environment reconstruction, generation, simulation, and intelligent agent training, and it encourages its use in applications like autonomousdriving, medical procedures, games and movies, and embodied intelligence. For the era of physical AI, it is dedicated to developing a universal world model base.
  • Pengka Intelligent — Pengka Intelligent is a startup team focusing on the research and development of next-generation general-purpose companion robots.
  • Lightweight Manufacturing — The objective of Lightweight Manufacturing is to provide small and medium-sized enterprises with "lightweight," decentralized, and scaled-down manufacturing tools.
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Gaorong Capital
VC Fund · Wangjing, Beijing, China · 24 investments in Asia Climate startups

Investors of Gaorong Capital include world-class sovereign wealth funds, university endowment funds, family foundations, pension funds and fund of funds, as well as successful entrepreneurs, including founders and managements of Tencent, Alibaba, Baidu, JD, Xiaomi, Focus Media and VIPShop. They will provide with valuable industry resources, entrepreneurial experience, and global perspectives.

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Investment focus

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

Investor stats

  • Total investments: 371
  • Round size: Seed $2.8M–$100M; Series A $1.6M–$75M; Series B $14M–$110M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $185M in 2022

Portfolio highlights

  • Anew Labs — Anew Labs develops generative AI platforms and foundation models to accelerate drug discovery, including protein structure prediction, antibody design, and cellular dynamics forecasting. The company integrates its computational engines with experimental feedback to advance pipelines targeting diseases like inflammatory conditions. Its business model centers on side-by-side collaboration between machine learning researchers and biotechnology experts to create synthesizable molecular pathways and clinical candidates.
  • Cascade — Cascade produces novel medications that target nuclear receptors for treating metabolic disorders and inflammation.
  • Sequence Technology — Sequence Technology emphasizes in the production of polymer materials used in the semiconductor manufacturing process.
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ANRI
VC Fund · Tokyo, Tokyo, Japan · 24 investments in Asia Climate startups

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

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Japan, United States, Indonesia

Investor stats

  • Total investments: 315
  • Round size: Seed $268k–$9.9M; Series A $967k–$41M; Venture - Series Unknown $616k–$9.1M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $102M in 2022

Portfolio highlights

  • Any Style — Any Style develops a messaging app from voice actors that regularly sends messages via subscription. It also engages in the planning and production of audio content and the VTuber production business.
  • Arrowsmith — Arrowsmith is committed to unlocking the full potential of bacteriophages to revolutionize the treatment of bacterial infectious diseases. Through transformative science, Arrowsmith strive to create a world free from the pain and fear caused by antimicrobial resistance.
  • Typewriter Therapeutics — Typewriter Therapeutics, Inc. develops mRNA-based gene therapies using a gene writing, or gene writing, platform for precise insertion of therapeutic genes into the genome. The company builds on transposon-based technologies originating from research by Professor Emeritus Haruhiko Fujiwara at the University of Tokyo. Its programs focus on all‑RNA,nonviral gene writing systems that repurpose natural genetic elements to address severe genetic disorders with limited treatment options. Typewriter Therapeutics conducts research and development across its U.S. and Japan operations and collaborates with investors and partners to advance genetic medicine candidates toward the clinic.
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