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Top 50 Construction Startup Investors in China (June 2026)

The most active venture capital funds and angel investors investing in China Construction startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Construction startup companies. Find investors to raise a Seed, Series A or Angel round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Linear Venture
VC Fund
4 China, Hong Kong, Singapore Series A, Seed, Angel Artificial Intelligence, Information Technology, Robotics $300k–$60M
GGV Capital
VC Fund
3 United States, China, Singapore Series B, Series A, Series C Software, Information Technology, Artificial Intelligence $5M–$150M
China Development Bank
VC Fund
3 China, Oman, Egypt Angel, Series A, Debt Financing Manufacturing, Information Technology, Energy $425k–$1.9B
Poly Capital
VC Fund
3 China Series A, Series B, Series C Robotics, Artificial Intelligence, FinTech $4.3M–$71M
Buhuo Ventures
VC Fund
3 China Series A, Angel, Seed Food and Beverage, E-Commerce, B2B $140k–$16M
K2VC
VC Fund
2 China, United States, Japan Series A, Seed, Angel E-Commerce, Manufacturing, Biotechnology $425k–$24M
Albatross Venture
VC Fund
2 China, Singapore Series A, Seed, Angel Software, SaaS, Financial Services $425k–$4.3M
Shunwei Capital
VC Fund
2 China, United States, India Series A, Series B, Series C Manufacturing, Software, Internet $1.4M–$130M
Source Code Capital
VC Fund
2 China, United States, Singapore Series A, Series B, Series C Software, Artificial Intelligence, E-Commerce $2M–$200M
Lenovo
VC Fund
2 China, United States, Spain Series A, Series B, Seed Software, Information Technology, Manufacturing $425k–$316M
ZhenFund
VC Fund
2 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Software, E-Commerce $413k–$28M
Vertex Ventures China
VC Fund
2 China, United States, Singapore Series A, Series B, Seed Manufacturing, E-Commerce, Health Care $2M–$85M
Hillhouse Investment
VC Fund
1 China, United States, Singapore Series B, Series A, Series C Biotechnology, Health Care, Software $2.9M–$230M
SR Capital
VC Fund
1 China, United States Series A, Angel, Seed Manufacturing, E-Commerce, Electronics $425k–$14M
DHVC
VC Fund
1 United States, China, Singapore Seed, Series A Software, Blockchain, Information Technology $1.2M–$31M
ShenZhen GTJA Investment Group
VC Fund
1 China, United States Series B, Series A, Series C Health Care, Biotechnology, Pharmaceutical $1.4M–$103M
Smallville Capital
VC Fund
1 China Angel, Series A Mobile, Finance, Logistics $142k–$7.9M
Will Hunting Capital
VC Fund
1 China Series A, Angel Marketing, Pet, Tea $425k–$71M
Longfan Media
VC Fund
1 China Series A Hotel, Construction, Advertising Platforms
SZHTI Group
VC Fund
1 China, United States Series A, Angel Manufacturing, Electronics, Semiconductor $425k–$14M
LongLing Capital
VC Fund
1 China, Singapore, Mexico Angel, Seed, Series A Software, Blockchain, E-Commerce $425k–$10M
ZJ Capital
VC Fund
1 China Angel, Series D Consumer, Consulting, Mobile Apps
Stone Capital
VC Fund
1 China, United States Series A, Angel, Seed Automotive, Electronics, Manufacturing $283k–$13M
Xiaomiao Langcheng
VC Fund
1 China, Hong Kong Seed, Angel, Series A Artificial Intelligence, Manufacturing, Software $64k–$14M
Amphora Capital
VC Fund
1 China, United States Series A, Angel, Seed Manufacturing, Health Care, Medical $425k–$105M
GF Xinde Investment Management
VC Fund
1 China, United States, Hong Kong Series A, Series B, Angel Manufacturing, E-Commerce, Biotechnology $425k–$100M
Zhejiang Lecheng Industrial Group
VC Fund
1 China Angel Industrial, Real Estate, Construction
Focus Media
VC Fund
1 China, United States Series A, Series B, Angel Internet, Automotive, Health Care $1.4M–$100M
Everest Venture Capital
VC Fund
1 China, United States, France Series A, Series B, Series C Information Technology, Manufacturing, Software $1.4M–$71M
SFUND
VC Fund
1 China, Hong Kong, United States Angel, Series A, Post-IPO Equity Manufacturing, Agriculture, Health Care $425k–$71M
Hony Capital
VC Fund
1 China, United States, Italy Series A, Series B E-Commerce, Food and Beverage, Biotechnology $3.8M–$390M
CITIC Capital Holdings
VC Fund
1 China, United States, Japan Series A, Series B, Series C Manufacturing, Health Care, E-Commerce $2.8M–$230M
Oriental Fortune Capital
VC Fund
1 China, United States Series A, Series B, Seed Software, Manufacturing, Information Technology $1.4M–$100M
Yunqi Partners
VC Fund
1 China, United States, Singapore Series A, Seed, Series B Artificial Intelligence, Software, Manufacturing $3.2M–$60M
Huasuanbang Group
VC Fund
1 China Seed Construction, Infrastructure
Jiangsu Zhihuigu Investment Management
VC Fund
1 China Angel, Series A Real Estate, Architecture, Construction
36Kr
VC Fund
1 China Series A, Seed, Series B Manufacturing, Sports, Enterprise $1.4M–$43M
Danchi Capital
VC Fund
1 China Seed Construction, Service Industry
Tianbo cultural group
VC Fund
1 China Seed Aerospace, Construction, Service Industry
Shenglian Investment
VC Fund
1 China Seed Real Estate, Construction
Xinjiang Kangpu Jianshe Touzi
VC Fund
1 China Series A Retail, Catering, Recruiting
The Linhui Fund
VC Fund
1 China Angel, Series A, Seed Health Care, Information Technology, Medical
New Supply and Marketing Fund
VC Fund
1 China Series A Construction, Biotechnology, Sustainability
Jiangsu Guoxin Zichan
VC Fund
1 China Angel Battery, Hardware, Consulting
Huanxu Real Estate
VC Fund
1 China Seed Construction, Infrastructure
Horus Capital
VC Fund
1 China, United States Angel, Series A, Seed Health Care, Information Technology, Software
Wuhan Optics Valley Elite Investment Management
VC Fund
1 China Series A, Angel, Series B Software, Information Technology, Artificial Intelligence
Binfu Capital
VC Fund
1 China, United States Series B, Series A, Series C Automotive, Internet, Service Industry
Xiomi war ventures
VC Fund
1 China Seed Construction, Manufacturing
Yide Jituan
VC Fund
1 China Angel Consulting, Real Estate, Construction
Access all 244 investors in China Construction startups.

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

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Investor list

Linear Venture
VC Fund · Beijing, Beijing, China · 4 investments in China Construction startups

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

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Investment focus

  • Industry: Artificial Intelligence, Information Technology, Robotics
  • Stage:Series A, Seed, Angel
  • Geography: China, Hong Kong, Singapore

Investor stats

  • Total investments: 100
  • Round size: Seed $300k–$8.5M; Angel $425k–$8.3M; Series A $2.8M–$60M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — raised $200M in 2020

Portfolio highlights

  • Cobo — Get access to 4 wallet technologies in one platform - Custodial, MPC, Smart Contract, and Exchange Wallets. Our advanced risk controls and developer tools help lay the foundations for any blockchain innovation.
  • Guandata — Guandata is committed to the philosophy of “AI+BI makes decisions more intelligent” and is committed to providing next-generation data analytics and business intelligence (BI) solutions to new retail, new finance, pan-Internet and integrated group customers.
  • Automata — Automata creates AI-powered tools like AI agents and smart integrations that simplify how teams plan, communicate, and work. The company solves business problems by enabling AI to build, manage, and evolve software workflows while humans guide the AI to deliver real value.Automata provides industry-tailored AI solutions
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GGV Capital
VC Fund · Menlo Park, California, United States · 3 investments in China Construction startups

We believe the talent to build great companies comes from anywhere. A global venture capital firm that invests in local founders. As a multi-stage, sector-focused firm, GGV focuses on seed- to growth-stage investments across Social/Internet, Enterprise Tech, and Smart Tech sectors.

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Investment focus

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

Investor stats

  • Total investments: 658
  • Round size: Series A $5M–$50M; Series B $14M–$60M; Series C $15M–$150M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $366M in 2021

Portfolio highlights

  • Hutouju — Hutouju is a Chinese dessert retailer that operates both retail locations and online stores. It offer customers tasty products with a Chinese style.
  • Pacdora — Pacdora is an incredibly user-friendly online mockup design platform that boasts an extensive collection of 3D mockups and box templates. Whether you're a seasoned designer or just starting out, you can effortlessly create eye-catching mockups in no time. Plus, with our powerful 3D modeling software and a suite of AI design assistant tools atyour fingertips, your creative possibilities are limitless. Unleash your imagination with Pacdora today!
  • Handshake — The largest expert network for learning, earning, and growing careers in the AI economy, giving everyone an accessible first step into an AI-powered career.
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China Development Bank
VC Fund · Beijing, Beijing, China · 3 investments in China Construction startups

China Development Bank (CDB) was founded in 1994 as a policy financial institution under the direct leadership of the State Council. It was incorporated as China Development Bank Corporation in December 2008, and officially defined by the State Council as a development finance institution in March 2015.CDB has a registered capital of RMB 421.248billion. Its shareholders include the Ministry of Finance of the People’s Republic of China (36.54%), Central Huijin Investment Ltd. (34.68%), Buttonwood Investment Holding Co., Ltd. (27.19%) and the National Council for Social Security Fund (1.59%).

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Investment focus

  • Industry: Manufacturing, Information Technology, Energy
  • Stage:Angel, Series A, Debt Financing
  • Geography: China, Oman, Egypt

Investor stats

  • Total investments: 26
  • Round size: Angel $425k–$425k; Series A $1.4M–$28M; Debt Financing $150M–$1.9B
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Galaxy Bot — Galaxy Bot is an innovative robotics company that provides intelligent universal service robotic products.
  • InventChip — Inventchip provides power conversion solutions based on SiC power devices, SiC driver IC and SiC power modules. Applications: Wind Inverter, PV Inverter, Industrial Power Supply、 HEV/EV, Motor Drive, Charging Pile and other fields, and many.
  • Hainan Airlines — Since its beginning, Hainan Airlines has seen 23 years of safe operations and has accumulated over 5 million hours of safe flights maintaining an outstanding safety record and has been listed as one of JACDEC (Jet Airliner Crash Data Evaluation Centre) the World’s top 10 safest airlines for the third time. Hainan Airlines’ fleet is mainly comprisedof Boeing 737s and 787s, and Airbus 330s. As of December 2015, Hainan Airlines has 162 aircrafts in operation, which are used for both passenger and cargo transportation, and provide passengers with individual space in first class, and a spacious new business class. Since 2011, Hainan Airlines, with its high quality service standards and continuous years of service innovation, has won five consecutive global SKYTRAX five-star airline ratings.Hainan Airlines inherits“Oriental hospitality”, advocates a “respect for the customer” service spirit, follows the “SMILE” service standard, passes on the “cherished experience” brand philosophy, highlights the “Oriental Beauty” new international brand image, becoming a world-class aviation enterprise and brand for the Chinese nation.
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Poly Capital
VC Fund · Guangzhou, Guangdong, China · 3 investments in China Construction startups

Poly Capital is a venture capital fund based in China.

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Investment focus

  • Industry: Robotics, Artificial Intelligence, FinTech
  • Stage:Series A, Series B, Series C
  • Geography: China

Investor stats

  • Total investments: 28
  • Round size: Series A $14M–$71M; Series B $10M–$57M; Series C $4.3M–$14M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • 4DBIM — 4DBIM is a IT company focusing on BIM and intelligent information technology products and services in the construction field.
  • PCG Power — PCG Power's vision is to stick to its core business of distributed power station investment and the long-term development direction of new energy system solution providers, to provide comprehensive and high-quality green energy and carbon-saving services to industrial and commercial owners, and to assist my country in achieving carbon peakingand carbon neutrality.
  • Jingxin Microelectronics — Jingxin Microelectronics is a developer of communication and information security chips including NRS1800, SDI3210, ESW5610, PRB0400 PCIe to SRIO and other chips and boards, enabling an efficient supply of high-speed data switching chips for the industry market.
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Buhuo Ventures
VC Fund · Beijing, Beijing, China · 3 investments in China Construction startups

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

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Investment focus

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

Investor stats

  • Total investments: 39
  • Round size: Seed $140k–$3.2M; Angel $425k–$1.4M; Series A $3M–$16M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $243M in 2021

Portfolio highlights

  • Tustin — Tustin focuses on "hand-rolled and grilled" items such as spicy chicken drumsticks and grilled pineapple burgers.
  • Shala Shike — Shala Shike is a supply chain technology company that focuses on catering, dining, salad carving service, cold chain distribution, and smart machine unmanned sales services.
  • China Model Group — China Model Group is a network of systems for material management. By maximizing the mismatch of assets and enhancing industrial productivity, it enables the standardization, digitization, and financialization of the commercial formwork sector at the level of formwork practitioners. General contracting services are provided by a platform thatbrings together industry resources to guarantee that industry practices are followed during project construction. This platform also uses digital innovation capabilities to enhance industrial efficiency and lower construction costs.
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K2VC
VC Fund · Beijing, Beijing, China · 2 investments in China Construction startups

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

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Investment focus

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

Investor stats

  • Total investments: 177
  • Round size: Seed $1M–$14M; Angel $425k–$10M; Series A $1.4M–$24M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $141M in 2018

Portfolio highlights

  • Zhicheng Power — Zhicheng Power is a fully automatic life service provider that specializes in the research, development, and manufacturing of household intelligence robots and other smart equipment, offering one-stop fully automatic life service solutions to all consumer families.
  • Tongwei New Energy — Tongwei New Energy is a company that manufactures zero-carbon solid oxide fuel cells. Its major product is distributed zero-carbon power plants.
  • Zhongling Xingneng — Zhongling Xingneng provides green energy services. It focuses on household photovoltaics and the topic of distributed photovoltaics. It delivers solutions for the whole life cycle of rooftop photovoltaic power plants, including investment, consultancy, design, building, operation, and maintenance, to residents and industrial and commercialcompanies. New energy ecological sectors, such as energy storage and wind power, will be developed in the future.
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Albatross Venture
VC Fund · Beijing, Beijing, China · 2 investments in China Construction startups

The albatross is a large seabird with a length of one meter and three meters of wings. It soars all day long and rises up. When the wind is down, the sea that glides over the stormy sea glides with the wind. When it is against the wind, it runs on the edge of the cliff and goes straight to the sky. No matter the change of the situation, it can"beyond the leisurely walk" in the wind and waves. Our team has an albatross's high morale, struggling in a market that is frightened and violent, and looking for opportunities in the calm. We believe that only by welcoming the wind and the waves can we make our faith to the extreme.

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Investment focus

  • Industry: Software, SaaS, Financial Services
  • Stage:Series A, Seed, Angel
  • Geography: China, Singapore

Investor stats

  • Total investments: 46
  • Round size: Seed $425k–$4M; Angel $425k–$1.4M; Series A $1.4M–$4.3M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $70M in 2018

Portfolio highlights

  • Treasurer Cube — Siku Lifang is a platform that provides an integrated solution for smart enterprise money management services based on the SaaS model. It integrates mobile internet, cloud technology, enterprise financial service resources, and hardware encryption across borders to help enterprises solve problems in fund management and capital utilization. At thesame time, it can provide implementation services, consulting services, training services, and agency services. For corporate capital outflows, the Treasurer hopes to establish a corporate “super online banking”. At present, it has integrated more than 60 banks across the country and more than 20 regulatory lines to solve the problem of online payment of corporate accounts. Without the need for a bank online banking shield, enterprises can pay for online payment approval on the APP to achieve interoperability between banks and enterprises. The Treasurer also docked the procurement platform to facilitate corporate consumption and help the procurement platform to conduct diversion.
  • Hydrogen New Technology — Hydrogen New Technology is a technology company engaged in the miniaturization technology and industrialization of high-temperature proton exchange membrane fuel cells
  • China Carbon Measurement — China Carbon Measurement develops an MRV-based worldwide equitable WDTs carbon measurement methodology. It provides services to maritime transportation, thermal power plants, building materials and chemicals, papermaking, steel, forestry and photovoltaic new energy enterprises.
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Shunwei Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Construction startups

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

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Investment focus

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

Investor stats

  • Total investments: 408
  • Round size: Series A $1.4M–$41M; Series B $8.2M–$50M; Series C $20M–$130M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $1.2B in 2018

Portfolio highlights

  • CertiK — CertiK, the largest Web3 security service provider, uses AI and formal verification to protect and monitor smart contracts and protocols, securing the Web3 ecosystem.
  • Darma — DARMA - Digital Healt
  • 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.
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Source Code Capital
VC Fund · Chaoyang, Liaoning, China · 2 investments in China Construction startups

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

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Investment focus

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

Investor stats

  • Total investments: 247
  • Round size: Series A $2M–$50M; Series B $15M–$99M; Series C $32M–$200M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $580M in 2021

Portfolio highlights

  • YQN — YQNLink specializes in digital logistics, providing a comprehensive suite of international logistics services. This includes sea freight, air freight, rail freight, and multimodal transportation solutions. With a focus on leveraging digital technology, YQNLink aims to enhance supply chain transparency and efficiency, making shipping processessimpler for businesses. The company offers consultative services to tailor logistics solutions to specific business needs, ensuring a streamlined and effective logistics strategy. YQNLink's acquisition of COPE, a cross-border e-commerce logistics firm, further expands its capabilities in serving the e-commerce sector.
  • SeeYA Technology — SeeYA Technology is a high-tech company specializing in R&D, design, production and sales of new-generation semiconductor OLEDoS display, and providing customers with micro-display components, modules and related solutions. There is a comprehensive product line to full fill different demands from AR/VR, drones, thermal devices, nightvision equipment etc.
  • Starna Therapeutics — Starna Therapeutics offers development of innovative drugs with RNA as the core, and has an industry-leading RNA and organ-selective delivery technology platform with independent intellectual property rights; the company has established a rich R&D pipeline , covering infectious disease vaccines, tumor immunity and other fields.
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Lenovo
VC Fund · Beijing, Beijing, China · 2 investments in China Construction startups

Lenovo is one of the world's leading personal technology companies, producing innovative PCs and mobile internet devices. A global Fortune 500 company, Lenovo is the world's largest PC vendor and fourth largest smartphone company.While the Lenovo brand came into existence only in 2004, the company has a much longer history. In 1984,Legend Holdings was formed with 200,000 RMB (US$25,000) in a guard house in China. The company was incorporated in Hong Kong in 1988 and would grow to be the largest PC company in China. Legend Holdings changed its name to Lenovo in 2004 and, in 2005, acquired the former Personal Computer Division of IBM, the company that invented the PC industry in 1981.Today, Lenovo is a US$39billion personal technology company with more than 54,000 employees (including joint ventures) in more than 60 countries serving customers in more than 160 countries. Lenovo is a global company that is incorporated and headquartered in Hong Kong, with operational centers located strategically around the world , with the largest in Beijing and Morrisville, NC. These operational centers drive Lenovo’s global and local business approach.Lenovo has grown faster than the market for more than four years because our exceptionally engineered products are meant for those who do. Our customers use innovation to bring progress to the world, and we design and build our products with this in mind, taking inspiration from the drive and imagination of the people who make things happen. Our technology helps those who do, do better.Whether a PC, smartphone, tablet, smart TV, server, workstation or storage, Lenovo makes the products that customers need for what we call the "PC+ world." Lenovo is creating real differentiation from the competition thanks to its vertically integrated end-to-end business model. This model is unique among major PC makers and is a significant source of competitive advantage, helping us to bring more innovation to market, more efficiently, and aggressively attack the PC+ opportunity.And as Lenovo expands globally, we are establishing even deeper roots in each major market, investing not only in sales and distribution, but also in local domestic manufacturing, R&D and other high-value functions. This global reach with local excellence is enabling us to build a new kind of company - a "global-local" company - and positions us to more deeply implement our protect and attack strategy and build the foundation for long-term success.

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Investment focus

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

Investor stats

  • Total investments: 37
  • Round size: Seed $425k–$43M; Series A $7.7M–$113M; Series B $3M–$316M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $500M in 2016

Portfolio highlights

  • Nscale — Nscale is an AI GPU cloud platform that provides scale computing to the generative AI market. It develops AI-ready data centers, deploys GPU infrastructure, and delivers AI cloud services. Its AI private cloud platform supports the entire generative AI lifecycle, enabling developers to run and train AI models. It also provides bare metal andvirtualized GPU nodes, Kubernetes-native services (NKS), AI workload scheduling empowered by SLURM, and advanced serverless and dedicated inferencing options.
  • Guangfan Technology — Guangfan Technology is a technology innovation company focusing on next-generation human-computer interaction, dedicated to the innovation of interaction paradigms for multimodal direct intent expression.
  • Zanecon — Zhucheng Technology is a high-tech enterprise that develops smart construction solutions. Zhucheng Technology applies core technologies such as AI, environmental perception, deep learning, and servo control to the field of construction, and independently develops a variety of construction robot products.
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Access 48,091 investors

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

Browse database — It's Free!
ZhenFund
VC Fund · Beijing, Beijing, China · 2 investments in China Construction startups

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

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Investment focus

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

Investor stats

  • Total investments: 357
  • Round size: Seed $413k–$20M; Angel $425k–$5.7M; Series A $1.4M–$28M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — raised $130M in 2022

Portfolio highlights

  • ChatCut — ChatCut lets you edit videos using natural language. Remove repeated takes, restructure content, and cut down for social media with simple prompts. Perfect for interviews and documentaries.
  • Pingxin Technology — Pingxin Technology aims to transform and accelerate the advancement of AI computing by fully integrating data storage and computing into a combined chip architecture, cutting costs and improving efficiency.
  • Xiangke Intelligence — Tsinghua University, Beijing University of Aeronautics and Astronautics, computer and robotics professionals, and industrial serial entrepreneurs founded Xiangke Intelligence. It was established by the former founder of "Speed Technology" and the general manager of SharkNinja China Robot R&D Centre.
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Vertex Ventures China
VC Fund · Beijing, Beijing, China · 2 investments in China Construction startups

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

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Investment focus

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

Investor stats

  • Total investments: 157
  • Round size: Seed $3M–$30M; Series A $2M–$26M; Series B $6.7M–$85M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • NEIWAI — NEIWAI is a mid-to-high-end underwear brand that focuses on the comfort of close-fitting clothing.The company created underwear with the design concept of “respecting the feelings of women” and strive to find a balance of comfort, function, and beauty. In the past 5 years, its products have covered the daily, home, sports and other scenes ofwomen and men, and have served more than 200,000 female customers.NEIWAI was founded in Shanghai in 2012.
  • Harbour Biomed — Harbour BioMed is a developer of bio-therapeutics aimed at immuno-oncology and inflammatory diseases. The company engages in discovery and development programs that are centered around two patented transgenic mouse platforms for generating both fully human monoclonal antibodies (H2L2) and heavy chain only antibodies (HCAb) based immune cell engager(HBICETM) bispecific antibodies, thereby enabling medical professionals to generate potential therapeutic antibodies and accelerate drug discovery and development.
  • Sapient Intelligence — Sapient Intelligence is an AI generative company that enables users to solve complex task reasoning in non-autoregressive models with multi-step calculation, memory, and tree search capabilities.
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Hillhouse Investment
VC Fund · Changyang, Beijing, China · 1 investments in China Construction startups

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

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Investment focus

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

Investor stats

  • Total investments: 331
  • Round size: Series A $2.9M–$142M; Series B $14M–$230M; Series C $15M–$220M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $11B in 2018

Portfolio highlights

  • Sainte — Sainte is a company which provides professional nutritional solutions for babies with different nutritional needs
  • Vita Dynamics — Vita Dynamics involves learning through real-world interactions by developing robots that can physically engage with their environment, they can adapt more naturally and efficiently.
  • Horizon Continental Technology — Horizon Continental Technology is a joint venture between Continental Group and Horizon Robotics
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SR Capital
VC Fund · Suzhou, Jiangsu, China · 1 investments in China Construction startups

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

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Investment focus

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

Investor stats

  • Total investments: 41
  • Round size: Seed $1.4M–$7.1M; Angel $425k–$1.4M; Series A $1.4M–$14M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Epic — Epic is a provider of digital technology solutions focusing on industrial-grade 3D lidar scanning technology. High-precision 3D lidar products are frequently utilized in BIM, smart grid, industrial intelligence, geographical conditions, smart mining, topographic mapping, water conservation and hydrology, smart cities, public safety, AEC, andindustrial applications.
  • Light Year Exploration — Light Year Exploration is a distributor of vehicle mechanical products.
  • Shitong Microelectronics — Shitong Microelectronics specializes in the design and development of machine vision-detecting sensors, particularly 3D sensors. It seeks to create 3D sensors with high precision, low power consumption, and competitive prices.
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DHVC
VC Fund · Palo Alto, California, United States · 1 investments in China Construction startups

DHVC is a venture capital firm based in Palo Alto, California, that invests in Enterprise, Consumer, FinTech, and Healthcare companies.

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Investment focus

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

Investor stats

  • Total investments: 196
  • Round size: Seed $1.2M–$10M; Series A $4M–$31M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — raised $343M in 2018

Portfolio highlights

  • Ink Finance — Ink Finance is the scalability solution for web3 DAOs, protocols and asset managers, enabling them to customize asset management and governance frameworks through a no-code interface, to effectively establish on-chain credit and financial competence. Ink Finance allows a one-stop and frictionless solution for organized financial activities, with scalability and customizability.
  • Shentu Chain — The Shentu Chain's mission is to create a more trustworthy blockchain world for all, starting with the Shentu Chain, a public platform that's secure, decentralized and compatible & interoperable with other blockchain ecosystems. Where security is a need, not a nice-to-have.
  • SURGE Therapeutics — SURGE Therapeutics seeks to dramatically improve cancer patient survival by disrupting cancer immunotherapy is deployed.
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ShenZhen GTJA Investment Group
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Construction startups

ShenZhen GTJA Investment Group was founded in 2001

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Investment focus

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

Investor stats

  • Total investments: 48
  • Round size: Series A $1.4M–$40M; Series B $2.8M–$100M; Series C $4.3M–$103M
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • Kanova — Kanova is a biopharmaceutical firm.
  • Degron Therapeutics — Degron Therapeutics is a leading platform company in discovery of molecular glue degraders for cancer treatment.
  • Atom Bioscience & Pharmaceutical — Atom Bioscience is a clinical-stage biotechnology company developing new treatments for inflammatory and metabolic diseases such as chronic gout and non-alcoholic steatohepatitis.
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Smallville Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Construction startups

Smallville Capital is an investment firm that manages investments across multiple asset classes.

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Investment focus

  • Industry: Mobile, Finance, Logistics
  • Stage:Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 13
  • Round size: Angel $142k–$6M; Series A $1.4M–$7.9M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • DeePoon — DPVR is a virtual reality headset designer and manufacturer that makes cutting edge VR wireless and PC tethered headsets for gaming, training and education.
  • Elite Robots — Elite Robots is a robotics company that offers automated machinery manufacturing services.
  • Elephant Medical — Elephant Medical is a Shanghai-based mobile health solution provider with a platform about household electronic medical care products and health self-management for users.
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Will Hunting Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Construction startups

Will Hunting Capital is an early stage investment firm.

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Investment focus

  • Industry: Marketing, Pet, Tea
  • Stage:Series A, Angel
  • Geography: China

Investor stats

  • Total investments: 8
  • Round size: Angel $425k–$4M; Series A $1.1M–$71M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Qunxiang — Qunsheng is a venture capital service brand for to C traffic traders and business leaders. We hope to provide them with quality information, worthy of discussion and effective deep links through high-frequency, business-oriented activities. . Beijing Fanxing Siyi Culture Media Co., Ltd. products.
  • Pets Know — Pets Know runs a pet store chain.
  • Intent Inc — GroupUltra is a platform that allows users to program their groups and design their communities.
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Longfan Media
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Construction startups

Longfan Media is one of the largest domestic outdoor media group. It has invested in outdoor advertising media resources and established branches in more than 20 large and medium-sized cities throughout China.After 17 years of development, Longfan Media Group optimized the combination of multiple media forms such as bus body, bicycle pavilions,telephone booth, building LED, and outdoor LED. It has nearly 50,000 media boards.Characterized by its networked, electronic and interactive media resources that have various categories and modalities and cover a wide range, Longfan Media Group has become the most competitive outdoor media group in China.Longfan Media was founded in 1997.

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Investment focus

  • Industry: Hotel, Construction, Advertising Platforms
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Chongchong — Chongchong is a power bank sharing startup.Chongchong aims to build a nationwide network of shared charging services and is committed to building a comprehensive ecosystem of "personal video media network" + "regional consumer electricity supplier network" + "Internet of Things e-communication network" for urbanconstruction Provide the most basic service unit, to achieve "connecting" the world, charging users. The company is founded in 2015.
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SZHTI Group
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Construction startups

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

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Investment focus

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

Investor stats

  • Total investments: 117
  • Round size: Angel $425k–$1.4M; Series A $780k–$14M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Elegoo — ELEGOO specializes in the research, development, and production of the most quality & affordable 3D printers, Arduino-based STEM & robotic kits, making technology easy-to-access for all the makers around the world.
  • Junyi Technology — Shenzhen Junyi Technology Co., Ltd. is one of the world's leading OLED vapor deposition metal mask manufacturers. Its business includes OLED metal mask R&D, production and manufacturing, as well as supporting cleaning and maintenance services. Its customers cover CSOT, Truly Semiconductor, Royole Technology, Wuhan Tianma, BOE and otherdomestic OLED panel companies.
  • Zhiqin Instruments — Zhiqin Instruments is an instrument supplier that offers full solutions for analysis and testing to important industries based on its own rapid detection mass spectrometer.
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LongLing Capital
VC Fund · Xiamen, Fujian, China · 1 investments in China Construction startups

Longling Investment Is An Equity Investment Institution Founded By The Famous Angel Investor Cai Wensheng. It Aims To Help More Innovation And Entrepreneurship And Provide Strong Support For Technological Innovation Entrepreneurs. Longling Investment Mainly Focuses On The Investment Direction Of The Internet And TMT Fields. The MainInvestment Stages Are: Seed Round, Angel Round And A Round. The B Round Will Selectively Follow The Investment, And At The Same Time, It Has A Clear Exit Plan. Pre-IPO Or Later Mature Projects.

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Investment focus

  • Industry: Software, Blockchain, E-Commerce
  • Stage:Angel, Seed, Series A
  • Geography: China, Singapore, Mexico

Investor stats

  • Total investments: 56
  • Round size: Seed $850k–$8.5M; Angel $425k–$1.4M; Series A $1.4M–$10M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • MetaCene — MetaCene is a blockchain company that aims to create an accessible Web3 world for the masses, with a focus on player-centric entertainment.
  • Dora Factory — Join the world consciousness to express your true opinion through private and secure votes. Create MACI and aMACI rounds for your organization.
  • Pando Finance — Pando Finance is a licensed institution that provides investment solutions to corporate and individual investors. I t provides asset management, trading and advisory.
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ZJ Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Construction startups

Zhijing Capital Management (ZJ Capital), a Shanghai-based early-stage VC firm.

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Investment focus

  • Industry: Consumer, Consulting, Mobile Apps
  • Stage:Angel, Series D
  • Geography: China

Investor stats

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

Portfolio highlights

  • DAIBANG.COM — DAIBANG.COM provides financial consultancy service for the rural housing industry.
  • Dazhong Dianping — Dazhong Dianping is a local consumption platform.
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Stone Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Construction startups

Stone Capital is a venture capital firm that specializes in growth capital investments.

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Investment focus

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

Investor stats

  • Total investments: 25
  • Round size: Seed $1.4M–$12M; Angel $283k–$425k; Series A $425k–$13M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2019

Portfolio highlights

  • JMGO — JMGO specializes in R&D and the production of smart projectors and laser TVs. Committed to delivering unparalleled immersive large screen experience in diverse forms of portability, versatility, and functional beauty to everyone.
  • Octup — Elevate your e-commerce business with our comprehensive E-commerce Operations Platform. Streamline processes, boost efficiency, and drive sales growth!
  • Lvzhou Technology — Lvzhou Technology is an AIOS control center platform based on AI and IoT to achieve intelligent management in the energy and battery areas.
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Xiaomiao Langcheng
VC Fund · Shanghai, Shanghai, China · 1 investments in China Construction startups, 6 in the past 12 months

Xiaomiao Langcheng is a venture capital investment platform.

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Investment focus

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

Investor stats

  • Total investments: 49
  • Round size: Seed $1.1M–$14M; Angel $64k–$10M; Series A $7.1M–$14M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Fuan Intelligent — Fuan Intelligent is an AI-powered materials science research platform developer that specializes in the deep integration of AI algorithms with materials simulation technologies.
  • Weiyi Technology — Weiyi Technology specializes in intelligent core motion components.
  • West Lake Xinchen — West Lake Xinchen is an AI psychological service technology company, committed to creating an inclusive, scientific, intelligent and professional AI psychological service platform, and insisting on providing customers with scientific and rigorous psychological services.
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Amphora Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Construction startups

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

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Investment focus

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

Investor stats

  • Total investments: 37
  • Round size: Seed $425k–$2.9M; Angel $425k–$2.8M; Series A $1.4M–$105M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Yagsheng — Yagsheng focuses on R&D and production of high-purity chemical raw materials in the electronics industry.
  • Hengjing New Energy — Hengjing New Energy designs manufactures, and sells FNC heat treatment of brake discs.
  • Qixing Communication — Qixing Communication is a satellite communication technology and equipment developer.
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GF Xinde Investment Management
VC Fund · Guangzhou, Guangdong, China · 1 investments in China Construction startups, 9 in the past 12 months

GF Xinde Investment Management Co., Ltd. was established in 2008 through the approval of the China Securities Commission on Direct Investment, with registered capital of RMB 2.3 billion. GF Xinde is one of the leading direct investment brokerages in China. Through a deep understanding of capital markets, known for integrity, professionalservice, and possessing an abundance of industry resources; GF Xinde not only provides strong financial support to investing corporations, but imparts a wealth of advanced management experience and access to a national business network. Supported by the comprehensive strengths of GF Securities, GF Xinde will assist the invested enterprise with establishing a strategic, long-term plan for growth by increasing their management efficiency, building the ideal capital structure, and a strong platform necessary for a successful IPO. All possible types of investments, merger and acquisitions, business, and technical cooperation opportunities will be provided for the invested enterprise. This will ensure the mutual benefits of both the Company and the invested enterprise are financially sound and increase the overall investment value through business synergies.As a direct investment brokerage, GF Xinde provides distinct advantages in regards to investment resources, market research, professional expertise, mergers and acquisitions and IPO experience. As of December 2014, GF Xinde’s accumulated total assets under management exceeded RMB 5 billion, with 16 successful IPOs, ranking first amongst the industry in both scale and number of successful public offerings.Currently, the Company has successfully created a number of diverse management funds: mezzanine funds, merger and acquisition funds, private equity funds, and other investment funds, covering but not limited to a wide range of industries, such as medicine, consumer stocks, and the internet.

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Investment focus

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

Investor stats

  • Total investments: 125
  • Round size: Angel $425k–$1.4M; Series A $1.4M–$100M; Series B $2.8M–$100M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $200M in 2016

Portfolio highlights

  • Nanochap — Nanochap is an intelligent medical hardware developer.
  • Degron Therapeutics — Degron Therapeutics is a leading platform company in discovery of molecular glue degraders for cancer treatment.
  • FangQing Technology — Fangqing Technology is a company mainly engaged in multiple areas of the communications equipment and software industry. Its core business activities include software development and sales, software outsourcing services, information system integration services, and computer system services.
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Zhejiang Lecheng Industrial Group
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Construction startups

Zhejiang Lecheng Industrial Group focuses on the development of commercial industry complexes and professional market clusters.

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Investment focus

  • Industry: Industrial, Real Estate, Construction
  • Stage:Angel
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Yuanzhong Group — Yuanzhong Group engages in the development and operation of industrial real estate.
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Focus Media
VC Fund · Shanghai, Shanghai, China · 1 investments in China Construction startups

Focus Media (分众传媒) is a provider of product lines covering several media networks that aims at characteristic audiences such as video media in commercial buildings, terminal video media in stores, media in the elevators of apartments, outdoor large LED color screen media and advertising media of cinemas, and more.It owns several media networkssuch as video media in commercial buildings, terminal videos in stores, print media in the elevators of apartments, outdoor large LED color screen media, mobile wireless advertising media, internet advertising platforms, focus and direct-effect commercial DM media, database marketing channels, and more.Focus Media is highly identified in the industry with its unique business models, its property of segmenting, vividness and coerciveness in media disseminating.

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Investment focus

  • Industry: Internet, Automotive, Health Care
  • Stage:Series A, Series B, Angel
  • Geography: China, United States

Investor stats

  • Total investments: 13
  • Round size: Angel $4.5M–$14M; Series A $1.4M–$71M; Series B $2.8M–$100M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • AIbuy24h — AIbuy24h manufactures and develops Internet of things powered vending machines. Its products include self service ice cream vending machine, self service orange and apple juice vending machine.
  • Dazhongkanche — Dazhongkanche provides information services for automobile users.
  • Qingwei Intelligent Technology — Qingwei Intelligent Technology is a Chinese artificial intelligence (AI) chip maker
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Everest Venture Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Construction startups

Everest Venture Capital Investment Co.,Ltd was founded by Mr.Xiao Jiancong in September 2007. The founder and his team focus on high-tech venture capital investments for the past 12 years. In 2018, Everest Venture capital was awarded with the top 10 most active private equity investment institutions and the top 50 best venture capital institutionsin China. They have 140 employees with rich industrial experience, and two offices in both Beijing and Shenzhen to cover the investments in the whole Mainland China area.Everest Venture Capital has achieved a great social value of Science and Technology. They only invest the enterprises with positive value for society. At the same time, they also keep the value proposition that they won’t sell the future for a short-term profit. Regarding the founder of enterprise whom they invested, they not only inject funds but also inject the management style of being excellent. They always share their unique management philosophy with their portfolio companies about the ideas “three-high and one-low”--high satisfaction degree from customers, high rate of return for shareholders, high salary income to employees, and low comprehensive cost. And they believe these will define the greatness of enterprise ultimately.

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Investment focus

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

Investor stats

  • Total investments: 126
  • Round size: Series A $1.4M–$28M; Series B $1.7M–$38M; Series C $4.3M–$71M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Medical Source — Yiyuan Medical Technology is a high-tech enterprise specializing in the research and development, production, sales, technical services and technical consultation of medical CT tubes.
  • Yinuo Pharmaceutical — Yinuo Pharmaceuticals is a small molecule inhibitor drug developer.
  • Tongee Medical Technology — Tongee Medical Technology develops new medical technologies to treat various metabolic diseases, such as obesity, type 2 diabetes, and nonalcoholic fatty liver.
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SFUND
VC Fund · Guangzhou, Guangdong, China · 1 investments in China Construction startups

SFUND is a social investment and financing platform specially established for social investment and strengthening the status of regional financial centers.

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Investment focus

  • Industry: Manufacturing, Agriculture, Health Care
  • Stage:Angel, Series A, Post-IPO Equity
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 33
  • Round size: Angel $425k–$425k; Series A $1.4M–$71M; Post-IPO Equity $850k–$8.5M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Mymro — Mymro engages in providing digital supply chain procurement solutions.
  • HjMicro — Hongjun Microelectronics is committed to the development of "higher efficiency and easier deployment" server processor (CPU) chips based on the ARM architecture, mainly for the data center cloud computing market.
  • Lehe Food — Guangdong Lehe Food Co., Ltd. now has more than a dozen distribution centers, relying on the management headquarters in Guangzhou to provide standardized and professional management to the companies that are constantly replicating and expanding throughout the country through reasonable shareholding structure and standardized corporate governance.Services; its industries cover farm operation management, agricultural planting and breeding, agricultural product processing and distribution, catering management, high-end agricultural products online mall, agricultural information technology consulting, etc. The business area has basically covered Guangdong, Hainan, Yunnan and Shanghai. And accelerate the expansion to other key areas of the country.
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Hony Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Construction startups

Founded in 2003, Hony Capital is a pioneer in China’s home grown private equity industry. Sponsored by Legend Holdings, a leading Chinese conglomerate, Hony has blazed the trail in formulating private equity investment strategies suitable for Chinese conditions by combining a deep understanding of local environment and people with global resourcesand international best practices. Today, with over USD 6.8 billion in assets under management across 7 funds and investments in over 60 companies, Hony is a leading China-focused private equity firm.Adhering to the “value creation” investment philosophy, Hony partners with managers and entrepreneurs to build their businesses into sustainable leaders in respective industries. Hony focuses on sectors where it has developed expertise: pharmaceuticals and healthcare, consumer & retail, media & entertainment, financial services, construction materials, machinery, and alternative energy & resources

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Investment focus

  • Industry: E-Commerce, Food and Beverage, Biotechnology
  • Stage:Series A, Series B
  • Geography: China, United States, Italy

Investor stats

  • Total investments: 64
  • Round size: Series A $6.4M–$390M; Series B $3.8M–$76M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Manifold Tech — Manifold Tech wants to provide generic embodied intelligence the necessary perceptual skills, giving it "eyes" and a "brain" to better support the advancement of human society.
  • LaNova Medicines — LaNova Medicines is a clinical-stage innovative drug research and development company. The company focuses on the unmet therapeutic needs in the field of tumor immunity and tumor microenvironment and focuses on the research and development of "world's first" and "best-in-class" potential bio-innovative drugs.
  • Excalipoint Therapetics — Excalipoint Therapeutics is a Private limited company.
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CITIC Capital Holdings
VC Fund · Central, Hong Kong Island, Hong Kong · 1 investments in China Construction startups

CITIC Capital Holdings is an alternative investment management and advisory company headquartered in China.

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Investment focus

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

Investor stats

  • Total investments: 99
  • Round size: Series A $3M–$230M; Series B $2.8M–$50M; Series C $4.3M–$220M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $2.8B in 2018

Portfolio highlights

  • NEON — Discover a global experience entertainment company specialising in unique, immersive and large-scale experiences held all around the world, all year round.
  • Healthy Tree — Healthy Tree is a comprehensive solution provider for self-medication devices.
  • Regional Fish — Regional Fish provides seed, seedlings, aquaculture methods and fisheries services.
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Oriental Fortune Capital
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Construction startups

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

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Investment focus

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

Investor stats

  • Total investments: 217
  • Round size: Seed $2.8M–$74M; Series A $1.4M–$30M; Series B $2.9M–$100M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Spectrum-Dynamics — attenuation correction, deep learning, stress test, CTLC, Nuclear Medicine, Digital SPECT, CZT
  • Technological Innovation — Technological Innovation is a provider of brain-computer interface (BCI) technology research and development, as well as application services.
  • Photoacoustic Pharmaceuticals — Photoacoustic Pharmaceuticals is an innovative developer of photosensitizers and related products. It is committed to advancing the development of dynamic photoacoustic therapy.
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Yunqi Partners
VC Fund · Shanghai, Shanghai, China · 1 investments in China Construction startups

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

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Investment focus

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

Investor stats

  • Total investments: 175
  • Round size: Seed $3.2M–$29M; Series A $4.3M–$30M; Series B $10M–$60M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — raised $300M in 2021

Portfolio highlights

  • X-Times — X-Times focus on independent research and development of a new generation of digital chips to realize EDA technology.
  • AI² Robotics — AI² Robotics is an embodied intelligent robot company that offers research and development of general intelligent embodied terminals.
  • Neolix — Neolix is a technologically innovative company that specializes in the production of physical and sports scenes. Neolithic Century Technology is an innovative design team. Committed to design research, industrial design, structural engineering, product customization, providing customers with creative value enhancement services. Service customersinclude Lenovo, Siemens, Midea, GE, State Grid, CSIC, Honeywell, Bank of China, Agricultural Bank, etc.
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Huasuanbang Group
VC Fund · 1 investments in China Construction startups

Huasuanbang Group is an investment company.

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Investment focus

  • Industry: Construction, Infrastructure
  • Stage:Seed
  • Geography: China

Investor stats

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

Portfolio highlights

  • Huazhen Technology — Huazhen Technology specialized in the development of a new digital infrastructure for industrial parks. It provides a full-process digital closed-loop solution for industrial park operation and management, including recruitment, management, control, and construction, and assists property management companies, owners, developers, and relevantgovernment departments in improving park operating efficiency and attracting regional investment.
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Jiangsu Zhihuigu Investment Management
VC Fund · Nanjing, Jiangsu, China · 1 investments in China Construction startups

Jiangsu Zhihuigu Investment Management is engaged in medium-sized restaurants.

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Investment focus

  • Industry: Real Estate, Architecture, Construction
  • Stage:Angel, Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • BWCG — BWCG is an architectural decoration design and construction company.
  • Huizhi Interactive — Huizhi Huyu Intelligent is a commercial application provider of digital people.
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36Kr
VC Fund · Beijing, Beijing, China · 1 investments in China Construction startups

36Kr was founded in July 2011 as a company dedicated to serve entrepreneurs. Over six years, it has grown into a comprehensive service provider aimed at serving innovative tech companies while being the largest and strongest ecosystem-based platform that boasts comprehensive coverage over a myriad of sectors with a game-changing vision. So far,36Kr consists of three major business segments: 36Kr media, Venture Capital and Kr Space, through which they strive to offer Chinese entrepreneurs and SMEs with one-stop service encompassing providing of information, matchmaking of financing and direct access to funding, not to mention office solutions and relevant incubating services. They aspire to become the platform that provides entrepreneurs and SMEs with ambient services that can help them grow, nothing short of utilities. 36Kr has served over 20,000 startups and helped to secure next round financing for 4,000 firms with free-of-charge services throughout the entire process, supporting startups to embark on their very first steps. Currently, over 90,000 startup projects are being proceeded on the 36Kr on-line platform where 80% of premium projects are hosted. Meanwhile, they have established an investment alliance of top 15 Chinese institutional investors with the mission of offering the best financing support to the most promising bunch of entrepreneurs.Out of recognition of their vision, China’s fintech giant Ant Financial has made a strategic investment in 36Kr so as to better SMEs’ financing needs. In addition, 36Kr is also favored by globally-renowned Matrix Partners China and traditional securities giant China Securities, with both as its shareholders. Another strategic investor – China Merchants Group’s VC was introduced in 2016.

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Investment focus

  • Industry: Manufacturing, Sports, Enterprise
  • Stage:Series A, Seed, Series B
  • Geography: China

Investor stats

  • Total investments: 28
  • Round size: Seed $2.9M–$3M; Series A $1.4M–$14M; Series B $2.8M–$43M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — raised $147M in 2018

Portfolio highlights

  • PureblueAI — PureblueAI is an AI-powered digital workforce platform operator specializing in enterprise marketing scenarios.
  • Shebaotong — Shebaotong provides social security, provident fund, commercial insurance, salary services, labor cost optimization and other services.
  • Yunsheng Group — Yunsheng Group is a technology company that offers human resources digital service cloud platforms. It creates a one-stop human resources full-process service system for employees, enterprises, governments, and institutions, and integrates recruitment, background adjustment, entry, social security and provident fund, salary, personal tax, andcommercial insurance.The company was established in 2015 by Li Xianwei.
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Danchi Capital
VC Fund · 1 investments in China Construction startups

Danchi Capital is an Investment firm.

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Investment focus

  • Industry: Construction, Service Industry
  • Stage:Seed
  • Geography: China

Investor stats

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

Portfolio highlights

  • Lianyao Capital — Lianyao Capital specializes in park development and construction.
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Tianbo cultural group
VC Fund · 1 investments in China Construction startups

Tianbo cultural group is an investment company.

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Investment focus

  • Industry: Aerospace, Construction, Service Industry
  • Stage:Seed
  • Geography: China

Investor stats

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

Portfolio highlights

  • Taiyi Chuanxin — Taiyi Chuanxin is a technical service provider in the field of smart civil aviation construction. It provides a comprehensive package of services such as smart construction for major airports, airlines, and civil aviation-related enterprises, including AI passenger service, airport automation security Operations, and other service products usingcutting-edge technologies.
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Shenglian Investment
VC Fund · 1 investments in China Construction startups

Shenglian Investment is a professional resource-based investment organization founded by senior securities firms, venture capitalists, private equity firms, and other industry institutions.

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Investment focus

  • Industry: Real Estate, Construction
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Jiangsu Super Oak — Jiangsu Super Oak is a provider of digital education transformation solutions, with a focus on modern information technology development and implementation.
  • Jinliu Construction — Jinliu Construction is a company with excellent reputation and rich experience in the field of construction. The company employs a highly skilled and experienced workforce dedicated to offering high-quality, efficient, and innovative construction solutions to customers around the country.
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Xinjiang Kangpu Jianshe Touzi
VC Fund · Xinjiang, Shanxi, China · 1 investments in China Construction startups

Xinjiang Kangpu Jianshe Touzi is an investment firm that provides asset management and investment management services.

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Investment focus

  • Industry: Retail, Catering, Recruiting
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Zouchu Qu — Zouchu Qu offers global HR solutions for healthcare, hospitality, construction, catering, retail, civil and mechanical engineering sectors.
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The Linhui Fund
VC Fund · Changning, Shanghai, China · 1 investments in China Construction startups

The Linhui Fund is an equity investment and angel investment firm.

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Investment focus

  • Industry: Health Care, Information Technology, Medical
  • Stage:Angel, Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 18
  • Lead/follow: no public data

Portfolio highlights

  • Ulso — Ulso is a manufacturer of piezoelectric materials and ultrasonic transducers.
  • Juntong Future — Juntong Future is an artificial intelligence and digital intelligence security service provider that focuses on the governance and compliance challenges of artificial intelligence itself
  • Depushi Biotech — Depu Biotech is a tumor mRNA vaccine development company that specializes in therapeutic tumor mRNA vaccine start-ups.
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New Supply and Marketing Fund
VC Fund · Jiangyin, Jiangsu, China · 1 investments in China Construction startups

New Supply and Marketing Fund is an investment fund that promotes the development of the supply and marketing cooperative industry. The fund is established by China CO-OP.

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Investment focus

  • Industry: Construction, Biotechnology, Sustainability
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Feimu Biotechnology — Feimu Biotechnology is a technology-based company that focuses on public health and sustainable development technologies in the operation of public toilets solutions.
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Jiangsu Guoxin Zichan
VC Fund · Nanjing, Jiangsu, China · 1 investments in China Construction startups

Jiangsu Guoxin Zichan is an investment firm that provides asset management and investment management services.

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Investment focus

  • Industry: Battery, Hardware, Consulting
  • Stage:Angel
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • NEW SPACE — NEW SPACE operates in parks, land, and real estate development.
  • Linli New Energy — Linli New Energy is a smart hardware company that develops and manufactures precursors of lithium iron phosphate cathode materials. It was founded in 2016 in Wuhan, Hubei, China.
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Huanxu Real Estate
VC Fund · 1 investments in China Construction startups

Huanxu Real Estate is an investment firm.

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Investment focus

  • Industry: Construction, Infrastructure
  • Stage:Seed
  • Geography: China

Investor stats

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

Portfolio highlights

  • Huazhen Technology — Huazhen Technology specialized in the development of a new digital infrastructure for industrial parks. It provides a full-process digital closed-loop solution for industrial park operation and management, including recruitment, management, control, and construction, and assists property management companies, owners, developers, and relevantgovernment departments in improving park operating efficiency and attracting regional investment.
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Horus Capital
VC Fund · Qingdao Shi, Shandong, China · 1 investments in China Construction startups

Horus Capital is an investment firm that invests in AI, big data, TMT, medical health, and cultural media industries.

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Investment focus

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

Investor stats

  • Total investments: 37
  • Lead/follow: no public data

Portfolio highlights

  • ScentRealm — ScentRealm focuses on digital scent technology R&D and application. ScentRealm is aiming to create a perfect smell experience.
  • Weihansi Shengwu — Weihansi Shengwu is engaged in genetic disease screening and diagnosis, abortion product detection, single gene blockade of new mutations, and a technical service platform for gene detection of genetic diseases and the prevention and control of birth defects.
  • Yizhi Technology — Yizhi Technology is a comprehensive solution provider of 3D printing technology.
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Wuhan Optics Valley Elite Investment Management
VC Fund · Wuhan, Hubei, China · 1 investments in China Construction startups

Wuhan Optics Valley Elite Investment Management is a specialized fund management company that supports talent entrepreneurship innovation and start-up enterprises based on the “3551 Optical Valley Talent Program” of Donghu Independent Innovation Demonstration Zone. Established in August 2015, Hubei Science and Technology Investment Group Co., Ltd.,an investment and financing platform affiliated to Wuhan East Lake New Technology Development Zone, is jointly invested by Hubei Taizhen Investment Management Co., Ltd. under the Pacific Securities and Hubei Hanjiang Investment Management Co., Ltd. under Camel Group Co., Ltd. Companies and other social capital funds were established. At present, the company manages two funds with a total scale of 1.1 billion yuan.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Angel, Series B
  • Geography: China

Investor stats

  • Total investments: 50
  • Lead/follow: no public data

Portfolio highlights

  • Jiahe — Jiahe Info provides objective and professional data information, and business consulting services.It is a high technology enterprise that is committed to the satellite remote sensing technique and application. Against the background of the rapid development of the aerospace industry, Jiahe builds an expert team relying on the State KeyLaboratory of Information Engineering in Surveying, Mapping and Remote Sensing of Wuhan University. Headed by Gong Jianya, the member of Chinese Academy of Sciences, the key technical personnel at Jiahe all hold Ph.D. or master’s degrees. So far, Jiahe has won several core patents.
  • Yesense — Yesense is a manufacturer of motion sensing, positioning, and navigation products and solutions. Yesense develops, manufactures, and sells inertial sensors and integrated navigation systems such as the inertial measurement unit (IMU), the attitude and heading reference system (AHRS), and the inertial/GNSS integrated navigation system. Yesensecreates long-term value for customers by developing competitive and dependable products and solutions in smart cars, industrial vehicles, unmanned robots, and consumer electronics in open collaboration with ecosystem partners.
  • JIMU Intelligent — JIMU Intelligent, founded in 2011, is a leading AI company that dedicated to vision-based intelligent driving technology. Based on its self-developed computer vision technology, JIMU is always in pursuit of the development and popularization of intelligent driving. At present, JIMU has established cooperations with many car manufacturers to bringabout future smart driving and transportation, and forged partnership with insurance, fleets, and intelligent transportation firms to release cost-efficient ADAS-based industry solutions.
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Binfu Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Construction startups

Binfu Capital is a PE institution specializing in private equity investment management.

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Investment focus

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

Investor stats

  • Total investments: 30
  • Lead/follow: no public data

Portfolio highlights

  • ShinData — ShinData offers software products and cloud services.
  • Luban Daojia — Luban Daojia offers last-mile installation and maintanence services for homes.
  • Ouye Semiconductor — Ouye Semiconductor is a supplier of smart automotive chips and solutions.
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Xiomi war ventures
VC Fund · 1 investments in China Construction startups

Xiomi war ventures is an investment firm.

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Investment focus

  • Industry: Construction, Manufacturing
  • Stage:Seed
  • Geography: China

Investor stats

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

Portfolio highlights

  • Memsilicon — Memsilicon specializes in research and development solutions for RRAM storage and AI computing technologies.
  • ViTai Robotics — ViTai develops hand-eye coordination algorithms and general-purpose tactile sensing modules for robotic end-effectors.
  • Yupan Technology — Yupan Technology specializes in the core control technology of car intelligent chassis, offering secure chassis execution systems and global stable intelligent control solutions.
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Yide Jituan
VC Fund · Nanjing, Jiangsu, China · 1 investments in China Construction startups

Yide Jituan is an investment firm that provides asset management and investment management services.

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Investment focus

  • Industry: Consulting, Real Estate, Construction
  • Stage:Angel
  • Geography: China

Investor stats

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

Portfolio highlights

  • NEW SPACE — NEW SPACE operates in parks, land, and real estate development.
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Construction Investor funding in China at a glance

Stats across 144 deals from 244 investors.

244
investors
in China Construction startups
144
deals
in China Construction startups
$2.8M
median round
in China Construction startups
34%
lead investors
lead at least one round
25%
Series A
most common funding stage
100/0
VC / Angel
share of investor count

Access all 244 investors in China Construction startups.

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