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Top 50 Consumer VC (Venture Capital) Funds in China in May 2026

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

Top 50 Consumer VC (Venture Capital) Funds in China in May 2026

Investor Consumer China investments
ZhenFund 35
Shunwei Capital 33
Qiming Venture Partners 32
HSG 26
IDG Capital 23
Shenzhen Capital Group 23
Plum Ventures 22
Cowin Capital 21
Qingsong Fund 19
Eagles Fund 18
Lenovo Capital and Incubator Group (LCIG) 18
Addor Capital 17
China Growth Capital 17
Meridian Capital Asia 17
Matrix Partners China 17
Innoangel Fund 17
Sinovation Ventures 16
Tiantu Capital 15
Xiaomi 15
Gaorong Capital 15
PreAngel 14
Northern Light Venture Capital 14
Vision Plus Capital 14
Oriza Holdings 14
UnityVC 14
NewMargin Ventures 14
K2VC 14
Oriental Fortune Capital 14
SZHTI Group 12
BlueRun Ventures 12
Summitview Capital 12
DT Capital Partners 12
Welight Capital 12
Cowin Venture 11
Luminous Ventures (former Lightspeed China Partners) 11
Yunqi Partners 11
Angel Plus China 11
GF Xinde Investment Management 11
SBCVC 11
Jinding Capital 11
ZSVC 11
Fortune Venture Capital 10
Taiyou Fund 10
Green Pine Capital Partners 10
QF Capital 10
BAI capital 10
China Fortune-Tech Capital 10
Share Capital 10
Crystal Stream Capital 10
GSR United Capital 10

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Investor list
ZhenFund
VC Fund · Beijing, Beijing, China

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

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Investment focus

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

Portfolio highlights

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

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

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Investment focus

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

Portfolio highlights

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

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

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Investment focus

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

Portfolio highlights

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

We help founders build enduring companies.

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Investment focus

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

Portfolio highlights

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

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

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Investment focus

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

Portfolio highlights

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

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

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Investment focus

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

Portfolio highlights

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

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

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

Portfolio highlights

  • 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.
  • HooRii Technology — HooRii Technology is a provider of commercial distribution software systems spawned by the structural Internet of Things concept. It specializes ini end-to-end, edge-to-edge, software, hardware, and other Thread solutions.
  • Ruisi Zhilian Technology — Beijing Ruisi Zhilian Technology Co., Ltd. is an innovative technology company specializing in AI computing power management and scheduling. it is committed to building an industry-leading data center-grade AI computing power management platform and solutions.
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Cowin Capital
VC Fund · Shenzhen, Guangdong, China

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

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Investment focus

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

Portfolio highlights

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

Founded in June 2012 by Liu Xiaosong, Dong Zhanbin, and Su Wei, three Internet and investment circle veterans, Qingsong Fund is an early venture capital firm specializing in investment in education, social networking, consumerism, innovation, technology and applications. It manages four RMB funds with a total value of about RMB 2 billion. So far,it has invested in more than 140 companies, including 1 to 1 head, 1 DaDa English, squirrel AI, onion mathematics, wedding calendar, werewolf killing, flystep technology, HomeFacial. Pro and other star projects - 50% exit project returns more than 60 times, multiple project valuation multiples increased nearly 200 times, and educational projects have an average annual value increase of 500%. Among them, the Qingsong Smart Fund, which was newly established in 2018, focuses on the underlying technologies of the underlying AI and Smart Connect, as well as investment in such areas as smart healthcare, enterprise services and intelligent transportation applications. Liu Xiaosong, founding partner of Qingsong Fund, is a Ph.D. student at Tsinghua University. He invested in Tencent in 1999 and has a return on investment of tens of thousands of times. In 2000, he founded A8 New Media Group, which was successfully listed on the main board in Hong Kong in 2008. In 2015, he hatched in November 2018. Listed in Hong Kong stocks in the year. As a leading early investment institution in China, Qingsong Fund and its founding partners have repeatedly won Top 10 of Zero2IPO China's early investment institutions/investors, Top10 of China's education sector, Top100 of Chinese investors, and China's best early venture capital investment. Institution/Investor Top10; 36氪 China's new entertainment sector investment institutions Top10, online education sector investment institutions/investors Top10 and other mainstream awards.

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Investment focus

  • Manufacturing, Internet, Education
  • Series A, Angel, Seed
  • China, United States, Canada

Portfolio highlights

  • Itanium Innovation — Itanium Innovation is a technology company providing integrated integration solutions for distributed edge computing microdata centers.
  • Shufang New Energy — Shenzhen Sufang New Energy focuses on the research, development, and production of lithium-rich manganese-based cathode materials.
  • 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.
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Eagles Fund
VC Fund · Beijing, Beijing, China

Eagles Fund is a diversified angel fund and family fund.

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Investment focus

  • Information Technology, Media and Entertainment, Internet
  • Angel, Series A, Seed
  • China, United States

Portfolio highlights

  • Cai Xiaomi — Cai Xiaobi provides Saas service for supply chain service in agri foods.
  • Star Speed Store — Star Speed Store is a delivery robot provider. Star Speed Store provides hotels with delivery robots for delivering food, packages, and room service within eight minutes – a typical last-mile journey on the premises.
  • Tianbing Technology — Tianbing Technology is an advanced aerospace propulsion system supplier and aerospace vehicle provider. Tianbing Technology independently develops the next-generation ambient temperature green HCP liquid propellant and minimalist aerospace propulsion system. As an upgraded product of traditional chemical propulsion system, it can meetcost-effective aerospace. Advance system supporting needs. The next-generation green HCP aerospace propulsion system, first tested by Tianbing Technology, can be used in the small-vehicle main power and launch vehicle upper-level propulsion system.
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Lenovo Capital and Incubator Group (LCIG)
VC Fund · Beijing, Beijing, China

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

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Investment focus

  • Manufacturing, Artificial Intelligence, Software
  • Series A, Series B, Seed
  • China, Hong Kong, United States

Portfolio highlights

  • Infinigence — Wuwen Core Dome is dedicated to providing AGI computing power solutions based on its large model energy efficiency optimization tools, with the goal of resolving the challenge of efficient and unified deployment of large model algorithms to large computing power chips.
  • SenseTime Medical — SenseTime Medical promotes the development and implementation of its medical big model and provides smart health solutions.
  • Lanyue Intelligent — Lanyue Intelligent specializes in AI cloud browser technology that enhances productivity and reduces computing costs for cloud-based autonomous agents.
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Addor Capital
VC Fund · Nanjing, Jiangsu, China

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

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Investment focus

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

Portfolio highlights

  • Letuo Technology — Letuo Technology is a ASIC chip design & manufacturing firm focused on architecture and back end design, RTL coding, DFT, and synthesis.
  • Heguang New Energy — Heguang New Energy is China's largest producer of square silicon cores for polysilicon and has long-term and stable purchase agreements with a number of major polysilicon producers.
  • Matrix Software — Matrix Software is a research organization that focuses on the analysis, management, and prevention of information technology risks.
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China Growth Capital
VC Fund · Beijing, Beijing, China · 2 investments in the past 12 months

China Growth Capital (CGC) is a leading early-stage venture capital firm in China with an extended interest in Silicon Valley. The firm funds seed to Series B in enterprise, technology and marketplace. The typical investment size ranges from $1M to 5M with a hard cap ceiling at $15M per company. Since its founding in 2006, China Growth Capitalhas grown to manage 8 Billion RMB (approximately 1.2 Billion USD) in asset under management across its different RMB and USD funds. Notable portfolio includes SMZDM (300785.SZ), Missfresh (NASDAQ:MF), Wish (NASDAQ:WISH), Tongdun, Tiger Brokers (NASDAQ: TIGR), BeyondHost (now part of Meituan 03690.HK), Ezbuy (NASDAQ:LITB), Cai Cloud (now part of ByteDance), PingCAP, DeePhi (now part of NASDAQ: XLNX), Airlango (now part of HKEX:03690), Nreal, Landspace, WeRide, Plus.ai, Sinovation, Singleron, 4B, ABM Therapeutics and InxMed etc.

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Investment focus

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

Portfolio highlights

  • Mech-Mind Robotics — Mech-Mind is dedicated to giving intelligence to industrial robots. Through core technologies such as machine vision (2D/3D), advanced programming models, fast environment awareness, intelligent decision making, and autonomous path planning, robots will no longer be a clumsy machine that can only repeat actions, but become available toeveryone and available everywhere. Smart helper. The company's core products are high-performance 3D cameras, visual AI algorithms and software, robot motion algorithms and software, and can provide reference designs and field services for a variety of typical applications. Mecamand's complete solution enables robot manufacturers and integrators to quickly upgrade their artificial intelligence capabilities to perform applications such as disordered object capture, visual guided unraveling, mixed palletizing, and precision positioning assembly.
  • Butterfli — Butterfly is a manufacturer of prefilled syringes. It focuses on using the next-generation high-performance materials COC&COP to produce prefilled syringes without silicone oil systems, and is committed to breaking the international monopoly and promoting the material revolution in China's pharmaceutical packaging industry.
  • Tongxin Medical Equipment — Tongxin makes magnetically-suspended artificial blood pumps which are designed to replace the human heart. They are undergoing clinical trials in China after being fast-tracked through the approval process by the National Medical Products Administration, state-run Xinhua News Agency
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Meridian Capital Asia
VC Fund · Shanghai, Shanghai, China

Meridian Capital Asia was founded in Singapore in 2008 and has launched nine funds with a total of over 1.5 billion US dollars raised since. It has invested in more than 280 startups, with many notable exits, and has focused on areas such as deep tech, artificial intelligence, robotics, cloud, SaaS, enterprise, advanced manufacturing, renewableenergy, new material, semiconductors, agri-tech, education, internet, and new media, etc. All its partners are from either Singapore, Australia, the US or UK, with extensive experience and knowhow in all technology sectors. Meridian has offices in Singapore, Silicon Valley, Shanghai and Beijing and its investments cover geographies such as SEA, China, US, Mid-east, Japan, and Europe.

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Investment focus

  • Internet, Software, E-Commerce
  • Series A, Series B, Angel
  • China, Latvia, Hong Kong

Portfolio highlights

  • Hanhai Energy — Hanhai Energy is dedicated to explore the science and technology to accelerate the commercialization of fusion energy.
  • Keyou Network — Data processing service provider
  • Xiaoneng Technology — Xiaoneng Technology is a company that provides online customer service solutions for e-commerce websites. Committed to providing real-time shopping guide and online customer management system LiveCRM for all online transactions and online display products and services, affiliated to Beijing Nengtong Tianxia Network Technology Co., Ltd.
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Matrix Partners China
VC Fund · Beijing, Beijing, China

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

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Investment focus

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

Portfolio highlights

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

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

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Investment focus

  • Artificial Intelligence, Manufacturing, Robotics
  • Angel, Seed, Series A
  • China, Canada, Hong Kong

Portfolio highlights

  • MindOn — MindOn is a robotics company that develops artificial intelligence software and algorithms to create humanoid robots.
  • Xinjuwei Technology — Xinjuwei Technology is a high-performance signal chain integrated circuit product developer that focuses on R&D, manufacturing, and sales.
  • Cloud Map and Action — CloudMap is an AI technology innovation company dedicated to exploring and breaking through cutting-edge technologies in geographic information and spatial intelligent computing.
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Sinovation Ventures
VC Fund · Beijing, Beijing, China

Sinovation Ventures is a full-service venture capital firm that actively invests in the Chinese technology market.

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Investment focus

  • Software, Artificial Intelligence, Internet
  • Series A, Seed, Series B
  • China, United States, Singapore

Portfolio highlights

  • BasePoint Origin — BasePoint Origin is a high-tech company focused on developing an AI operating system that automatically characterizes enterprise business processes. This system replaces traditional manual methods—such as expert visits, data collection, and modeling—with AI, greatly enhancing the efficiency and accuracy of optimizing business processes.
  • Lanzhou Technology — Lanzhou Technology is a cognitive intelligence company that provides business insights products.
  • Zongwei Automation — Shanghai Zongwei Automation Co., Ltd. (ZONGWEI) is a research and development enterprise focusing on automation flexibility technology and solutions. The company has leading linear motion control core technology and experience, and independently developed key supporting equipment such as controllers, driver series and feedback systems dedicated tolinear motion. High-performance products and super-optimal solutions have been widely used in semiconductors, new energy, high-end daily chemicals, 3C electronics and other fields, improving delivery efficiency and reducing production costs for many world-class industrial giants and listed company customers.
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Tiantu Capital
VC Fund · Shenzhen, Guangdong, China

Tiantu Capital is a venture capital association.

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Investment focus

  • Food and Beverage, E-Commerce, Medical
  • Series A, Series B, Series C
  • China, United States, Japan

Portfolio highlights

  • RIGHTWAY — Ruiwei New Materials is a developer of biodegradable materials focused on applying them to the consumer market. It provides end-brand customers with integrated solutions from laboratory research and development to material processing and manufacturing.
  • Xellar Biosystems — Xellar Biosystems is a wet artificial intelligence biotechnology company that provides analysis of drug testing and treatment.
  • Signet Therapeutics — Signet Therapeutics is a cutting-edge firm that conducts research and development on cancer-targeted drugs using AI and organoid disease models.
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Xiaomi
VC Fund · Beijing, Beijing, China

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Investment focus

  • Manufacturing, Software, Hardware
  • Series A, Series B, Series C
  • China, India, United Kingdom

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.
  • ShareChat — ShareChat is India's own social network in 14 Indian languages Install ShareChat from Google Play Store for FREE!
  • 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.
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Gaorong Capital
VC Fund · Wangjing, Beijing, China

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

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Investment focus

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

Portfolio highlights

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

PreAngel is a 30M RMB investment fund focused on early stage internet startups. Investment on each project range from 100K to 1M RMB. In addition to investment, PreAngel plays a key role as "co-founder", providing guidance in startup operation, business model refinement and industry resources.

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Investment focus

  • Internet, Software, Blockchain
  • Angel, Seed, Series A
  • China, United States, Switzerland

Portfolio highlights

  • Ajuna Network — Ajuna Network is a decentralized ecosystem for gamers and creators.
  • X World Games — Founded in 2018, X World Games (“XWG”) aims to build the next-gen decentralized gaming metaverse.X World Games' vision is to build a diversified gaming ecosystem that connects traditional gamers with the blockchain world and invite more game developers into the crypto space by creating and providing the underlying blockchain framework.Withits gaming innovation, crypto game - Dream Card, NFT Marketplace and DeFi Pool, X World Games now serves over 2 million registered gamers, and has quickly become the fastest-growing crypto gaming platform in the ecosystem.X World Games is headquartered in Singapore with a 100+ dynamic team located worldwide.
  • Feiba Business Travel — Feiba Business Travel is a business trip ticket service platform
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Northern Light Venture Capital
VC Fund · Beijing, Beijing, China

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

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Investment focus

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

Portfolio highlights

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

Vision Plus Capital (also known as Yuan Jing Capital) focuses on the Internet innovation, consumer upgrades, digital medical, intelligent technology four areas, the RMB and the dollar double currency investment. Yuan Jing Capital for the start-up enterprises to provide multi-faceted help, including the introduction of talent, strategy carding,operational upgrading, financing strategies.Founded in 2015, it was composed of team members for first-line Internet company's core positions of experts and domestic first-tier VC senior investors, for the start-up companies to provide practical experience and team support.

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Investment focus

  • E-Commerce, Health Care, Artificial Intelligence
  • Series A, Series B, Series C
  • China, United States, Canada

Portfolio highlights

  • Abio — Abio is a firm that specializes in intelligent fermentation technology platforms. It integrates mathematical models and AI with biological and fluid information to promptly and cost-effectively realise biomanufacturing from laboratory to mass production.
  • Fantuan — Order food with Fantuan Delivery. Get the best Asian food delivered to your door from your favorite local restaurants. Everyday promotion.
  • Zero One Auto — Zero One Auto is a new energy-efficient heavy-duty truck developer company.Zero One Auto creates new energy-efficient heavy-duty vehicles with advanced autonomous driving characteristics. The first batch of products is separated into two models, with an emphasis on the new energy heavy-duty truck short-distance freight market.
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Oriza Holdings
VC Fund · Suzhou, Jiangsu, China

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

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Investment focus

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

Portfolio highlights

  • Nottada — Nottada is a manufacturer that focuses on the research and development of high-performance fibers and composite materials.
  • Sanegene Bio — Sanegene Bio is currently operating in stealth mode.
  • Mingche Technology — Mingche Technology is an innovative ophthalmic medical device company.
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UnityVC
VC Fund · Beijing, Beijing, China

Unity Ventures began in Beijing in 2011 led by Shaw Wang who was one of the 7 founders of Baidu (NASDAQ:BIDU). As one of the leading local early-stage venture capital firms, they have invested in more than 200 startups, focusing on industrial upgrades, emerging technology, enterprise services, consumption internet and entertainment. They believe“Do valuable things, commercial value will follow". They are committed to adding value in the investment cycle and look forward to long-term cooperation with outstanding entrepreneurs.

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Investment focus

  • Artificial Intelligence, E-Commerce, Information Technology
  • Angel, Seed, Series A
  • China, Hong Kong, Singapore

Portfolio highlights

  • ONE2X — From intelligence to infinity
  • Youbu — Youbu offers clothing supply chain services based on digital printing technology.
  • Weiguang Dianliang — Weiguang Lights Up is a technology promotion and service provider dedicated to the research, development, and application of AI-driven intelligent hardware and software solutions. By integrating cutting-edge artificial intelligence, cloud computing, and IoT technologies, the company delivers innovative products and services that enhance automation,efficiency, and user experience across various industries.
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NewMargin Ventures
VC Fund · Shanghai, Shanghai, China

NewMargin Ventures is a Chinese venture capital management company that supports emerging entrepreneurs.Founded in July 1999, NewMargin Ventures offers a unique and compelling combination of strong local and national government support within an organizational culture defined by independent decision-making, professionalism, and teamwork.NewMargin currently has about $520 million under management.

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Investment focus

  • Manufacturing, Information Technology, Internet
  • Series A, Angel, Series B
  • China, United States, Hong Kong

Portfolio highlights

  • Humi.com — Humi.com is an industrial Internet service platform.
  • Okawa Electric — Okawa Electric is a supplier of core components for electric power-assisted bicycles.
  • SenseTime Medical — SenseTime Medical promotes the development and implementation of its medical big model and provides smart health solutions.
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K2VC
VC Fund · Beijing, Beijing, China

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

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Investment focus

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

Portfolio highlights

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

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

  • Manufacturing, Software, Information Technology
  • Series A, Series B, Seed
  • China, United States

Portfolio highlights

  • BuChou Quantum — BuChou Quantum’s vision is to create quantum computers with real, practical application value by pursuing deep “software–hardware synergy,” meaning they design quantum hardware and quantum software in tandem so each enhances the other, enabling more powerful, efficient, and usable quantum computing systems.
  • Soundbridge AI — Soundbridge AI specializes in developing cutting-edge, AI-powered speech rehabilitation solutions designed to assist individuals with speech impairments in improving communication skills through personalized, adaptive therapy.
  • Spirit AI — Spirit AI develops 'Universal Brains' for robotics, specializing in general-purpose embodied models that bridge the gap between simulation and real-world deployment. These models provide robots with robust generalization and precise physical interaction capabilities across diverse environments. Technical efficacy is validated by theSpirit Series (notably Spirit v1.5), which currently leads the RoboChallenge global benchmarks. Through rigorous R&D, Spirit AI aims to integrate versatile robotic companions into the modern workforce, advancing the era of embodied AI.
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SZHTI Group
VC Fund · Shenzhen, Guangdong, China

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

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Investment focus

  • Manufacturing, Electronics, Semiconductor
  • Series A, Angel, Funding Round
  • China, United States

Portfolio highlights

  • Pengxing Zhilian — Pengxing Zhilian firm specializes in the research and development of integrated electronic platforms for commercial aircraft and high-performance spaceborne computer payloads.
  • 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.
  • Hongde New Materials — Hongde New Materials produces thermoplastic composite materials with fiber reinforcement. It offers energy storage and auxiliary components for solar and automobile power and steering systems.
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BlueRun Ventures
VC Fund · Menlo Park, California, United States

BlueRun Ventures is a venture capital firm with offices in the United States, Shanghai, Beijing, and Korea. BlueRun invests in information technology, mobile, and consumer technologies, with an emphasis on mobile opportunities. BRV has invested in over 160 companies, with select exits from PayPal (acquired by eBay), Waze (acquired by Google),Topsy (acquired by Apple), Coupa (NASDAQ: COUP), and more. In 2005, BlueRun changed its name from Nokia Venture Partners. While branded as Nokia Venture Partners, the firm helped to build emerging market leaders such as Airgo, Bitfone, Cornice, PayPal, Wavemarket, and WiderThan.

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Investment focus

  • Software, Mobile, Robotics
  • Series A, Series B, Seed
  • China, United States, South Korea

Portfolio highlights

  • Ganji — Ganji.com is a Chinese domestic classified website.As a web portal in China where users publish and exchange information, Ganji.com has been providing a variety of local information, such as estates for rent or sale, jobs, second hand products, used cars, pets, tickets, education, training, group purchase, and more. Targeting the untapped localbusiness market, Ganji.com is building a massive user- and content-focused online community platform where both the users' and local merchants' needs are met.The website aggregates a large amount of real-time information because by the end of June 2011, there were around 890,000 users posting per day.Launched in 2005, the website has reached users in over 343 cities in China with offices in Beijing, Shanghai, Guangzhou, and Shenzhen.The company completed a $70 million Series C round from Capital Today and Sequoia on May 6, 2011. China Renaissance acted as the exclusive financial advisor for Ganji.com.
  • BetterCompany — At BetterCompany, it is our mission to help companies connect with best candidates at the best time, when they're looking! We use a blend of art and science to match candidates to roles and companies and we understand that timing is everything.
  • Yangshan Medical Technology — Yangshan Medical Technology is a Shanghai-based company specializing in dental surgery robots.
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Summitview Capital
VC Fund · Beijing, Beijing, China

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

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Investment focus

  • Manufacturing, Electronics, Semiconductor
  • Seed, Series A, Series B
  • China, United States

Portfolio highlights

  • Yuanqing Power — Yuanqing Power specializes in the design, manufacture, maintenance, and performance enhancement of key components for hot-channel systems in aero engines and gas turbines.
  • Startous fusion — Startous Fusion focuses on developing and commercializing fusion energy technologies, aiming for controllable device miniaturization, commercialization, and fast iteration, integrating design, R&D, operation, and maintenance.
  • Yaoshi Lithium Battery — Yaoshi Lithium Battery is a Solid-state battery technology company.
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DT Capital Partners
VC Fund · Shanghai, Shanghai, China

DT Capital Partners is a private equity investment firm that provides growth capital to early and expansion stage companies. They invest in dynamic businesses that have high growth potential, strong management teams, and demonstrated revenue models in both technology-based and traditional industries. DT Capital Partners currently manages overUSD$500 Million in capital across multiple US dollar and RMB funds, and also has a close affiliation with Madrone Capital in the US, the investment entity for members of the Walton family.In addition to funds, the invested company also benefits from their extensive experience in operating capital markets across the country, close relationships with local governments and companies, and synergies with other investment companies.DT Capital Partners was awarded the “Top 10 China's Best Return Venture Capital Institution” in 2016, and the founding partners of Detong Capital, Shao Jun and Tian Lixin. DT Capital Partner was founded in 2006 and is based in Shanghai, China.

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Investment focus

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

Portfolio highlights

  • Zhiyan Zaowu — Zhiyan Zaowu is a company focused on the research and development (R&D) and application of AI synthetic biology technologies.
  • Yite New Materials — Jiangsu Yite New Materials Co., Ltd Jiangsu Yite New Materials Co., Ltd. is a technology enterprise specializing in the research and production
  • Newmut Nanotechnology — Newmut Nano is a company with advanced technology in the domains of vapor deposition and high-temperature treatment reaction equipment both domestically and internationally. The principal products are experimental-grade and mass-production-grade fluidized bed reactors (FB-CVD), which are primarily employed in the manufacturing of carbon nanotubepowder and the CVD coating of silicon-based anodes for lithium batteries.
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Welight Capital
VC Fund · Shenzhen, Guangdong, China

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

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Investment focus

  • E-Commerce, Education, Information Technology
  • Series A, Series B, Funding Round
  • China, Hong Kong, United States

Portfolio highlights

  • iEduGPT — iEduGPT is an AI-powered learning platform based in Singapore that offers personalized, adaptive learning solutions for professional and academic exam preparation. It leverages artificial intelligence to analyze individual learners' strengths and knowledge gaps and create optimized study paths. The platform aims to transform exam preparationby making learning smarter, more efficient, and tailored to each user’s unique needs, covering certifications in finance, academics, and languages.
  • besimple AI — besimple AI is a software company that provides AI-based data annotation infrastructure designed for model training.
  • M.AI Unbound — Scale Google Ads with AI PPC management. MAI connects your data, finds profit-driving opportunities, and optimizes campaigns daily with full transparency.
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Cowin Venture
VC Fund · Beijing, Beijing, China · 1 investment in the past 12 months

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

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Investment focus

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

Portfolio highlights

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

Lightspeed China Partners was founded in 2011 as an independent venture capital group and began operating as Luminous Ventures in November 2025. Luminous Ventures is a leading venture capital firm serving entrepreneurs as a lead investor in early stage and emerging growth companies. It has offices in Shanghai,Beijing and Hong Kong.

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Investment focus

  • Manufacturing, Internet, Software
  • Series A, Series B, Seed
  • China, United States, Singapore

Portfolio highlights

  • Laiye — Laiye's innovative Work Execution System(WES) and best-in-class Intelligent Automation (IA) platform, solutions, and products are making your businesses and workforce future-ready.
  • Ballet — Ballet Crypto is a companion mobile app, which enables sending of cryptocurrency, checking market value and activating additional currencies. The use of the mobile app is completely optional, as you do not need it to receive and store your cryptocurrency safely.
  • Yunmanman — Yunmanman is the first full mobile Internet-based technologies and development of all applications free mobile APP is committed to providing efficient tube car picking tool for road transport and logistics industry, but for the car to find goods (picking), find goods vehicles ( shipping) provides comprehensive information and transaction services.Yun full membership subtle Shanghai Information Consulting Co., the company is headquartered in Shanghai's Jiading Industrial Zone, green neighborhood, co-founded by a number of executives and many Alibaba logistics industry experts.
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Yunqi Partners
VC Fund · Shanghai, Shanghai, China

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

  • Artificial Intelligence, Software, Manufacturing
  • Series A, Seed, Series B
  • China, United States, Singapore

Portfolio highlights

  • Digift — Security Token DEX: Bridging traditional finance and DeFi.
  • Sunseeker — Sunseeker Power Equipment specializes in the manufacturing and supplying of garden tools, focusing on innovation in the realm of outdoor power equipment. The product range includes robotic lawn mowers, cordless Li-ion battery-powered tools, and petrol-powered equipment, catering to both garden and agricultural needs. The brand emphasizes onproviding solutions that enhance efficiency and ease of use in maintaining outdoor spaces. Sunseeker Power Equipment's offerings are designed to meet the demands of a global market, with a significant emphasis on exporting their products under the brand name 'SUNSEEKER 山科'. The company's portfolio extends to engines and a variety of garden tools series, showcasing a commitment to diversifying and expanding its product lineup to address the evolving needs of its customers.
  • 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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Angel Plus China
VC Fund · Beijing, Beijing, China

Angel Plus is a China-based venture capital firm.

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Investment focus

  • Information Technology, Internet, Health Care
  • Angel, Series A, Seed
  • China, United States

Portfolio highlights

  • Flexiv — Flexiv is a deep-tech company that is committed to developing and manufacturing general-purpose adaptive robots that redefine intelligent automation. Combining advanced robotics and artificial intelligence with human-centered design, Flexiv's robots empower businesses to flexibly automate complex tasks with intuitive and easy-to-use interfaces.
  • liko.ai — Lido.ai focuses on designing an AI Home Center and AI-native cameras using NPU and edge-side large models, with a vision of creating a home AI butler system that understands, protects, and empathizes with its users.
  • DexForce — DexForce offers an AI-enabled robot with integrated 3D vision cameras, and software and hardware solutions for manufacturing robots.
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GF Xinde Investment Management
VC Fund · Guangzhou, Guangdong, China

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

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

Portfolio highlights

  • Ling Universe — Lingyuzhou is a company focused on artificial intelligence.This innovative technology company focuses on human-computer interaction, aiming to create "partner-like" AI robot products for families and individuals worldwide , reshaping the way humans interact with computers.
  • Jade Bird Display — Jade Bird Display (JBD) is the leading manufacturer of microLED microdisplays. Our active matrix microLED displays are extremely small (0.31" to 0.13" diagonal) with high pixel density (5000 - 10,000 PPI) and are capable of emitting upto 4 million Nits.
  • Spirit AI — Spirit AI develops 'Universal Brains' for robotics, specializing in general-purpose embodied models that bridge the gap between simulation and real-world deployment. These models provide robots with robust generalization and precise physical interaction capabilities across diverse environments. Technical efficacy is validated by theSpirit Series (notably Spirit v1.5), which currently leads the RoboChallenge global benchmarks. Through rigorous R&D, Spirit AI aims to integrate versatile robotic companions into the modern workforce, advancing the era of embodied AI.
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SBCVC
VC Fund · Shanghai, Shanghai, China

Established in 2000, SB China Capital (SBCVC) is a leading venture capital and private equity firm that manages both USD and RMB funds. Their investment focuses on high-tech, high growth companies in TMT, clean technology, healthcare, consumer/retail, and advanced manufacturing sectors; and they invest across all stages of companies.Withextensive entrepreneurial and operating experiences, their professional and seasoned deal team members recognize the vision and champion the ideas of start-up companies. In addition to providing capital support, they help their portfolio companies realize their strategic and commercial potential by giving value-adding services and advices including planning, business development, recruiting and resources deployment.They have a proven track record and solid reputation in identifying high potential start-ups and creating successful industry-leading companies. Some of their spotlight portfolio companies are Alibaba, Taobao, Focus Media, GDS, BGI, Ankon, Di’an, and Edan.With their operational headquarters located in Shanghai and regional offices spread in Beijing, Shenzhen, Chengdu, Hangzhou and Taiwan, they have an extensive coverage of the greater China region and access to potential investment opportunities.

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Investment focus

  • Health Care, Software, Medical
  • Series A, Series B, Series C
  • China, United States, Australia

Portfolio highlights

  • UCaize — UCaize is a biopharmaceutical company that researches and develops novel medications for the treatment of blood cancers.
  • Cowarobot — The purpose of establishing COWAROBOT is to bring people the future travel experience by using robotics, self-driving technology and other intelligent solutions. COWAROBOT commits to solving the difficulties and pain points during traveling so as to bring convenience and pleasure to all people who are on the move.
  • Shengyin Optoelectronics — Shengyin Optoelectronics is a platform-based micro-nano manufacturing firm that creates ornamental films for electrical appliances and portable electronics.
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Jinding Capital
VC Fund · Beijing, Beijing, China

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

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Investment focus

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

Portfolio highlights

  • Linghou Robotics — Linghou Robotics is a core component supplier focusing on intelligent manufacturing and industrial automation, integrating R&D , production, sales and service.
  • Bangzhuo Intelligence — Bangzhuo Intelligence is an innovative unmanned retail service provider, specializing in cutting-edge automation and artificial intelligence technologies. Its flagship product, the Smart Unmanned AI Bistro
  • Shijunxin Microelectronics — Shijunxin Microelectronics is a specialized developer and manufacturer of semiconductor heater components, with a strong focus on the research, development, and production of advanced heating solutions used in printed circuit board (PCB) manufacturing processes.
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ZSVC
VC Fund · Beijing, Beijing, China

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

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Investment focus

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

Portfolio highlights

  • Micot — Micot is a new molecular entity drug developer for peptides, dedicated to the development of innovative drugs, multi- and protein-based innovative biopharmaceuticals, vaccines and biomolecular drug delivery systems and products, and for drug screening and biopharmaceutical research. The technology combines to provide users with Bio-Res-Deliv, abiological macromolecular respiratory drug delivery system, suitable for the treatment of cardiovascular diseases, metabolic diseases, liver diseases and the like.
  • Deruicore — Deruicore is an integrated research and development based manufacturing company.
  • Sunseeker — Sunseeker Power Equipment specializes in the manufacturing and supplying of garden tools, focusing on innovation in the realm of outdoor power equipment. The product range includes robotic lawn mowers, cordless Li-ion battery-powered tools, and petrol-powered equipment, catering to both garden and agricultural needs. The brand emphasizes onproviding solutions that enhance efficiency and ease of use in maintaining outdoor spaces. Sunseeker Power Equipment's offerings are designed to meet the demands of a global market, with a significant emphasis on exporting their products under the brand name 'SUNSEEKER 山科'. The company's portfolio extends to engines and a variety of garden tools series, showcasing a commitment to diversifying and expanding its product lineup to address the evolving needs of its customers.
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Fortune Venture Capital
VC Fund · Shenzhen, Guangdong, China

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

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Investment focus

  • Manufacturing, Information Technology, Software
  • Series A, Series B, Seed
  • China, Japan, United States

Portfolio highlights

  • Raysun Technology — Raysun Technology is a enterprise specializing in the development, and manufacturing of laser equipment for the semiconductor industry.
  • Spirit AI — Spirit AI develops 'Universal Brains' for robotics, specializing in general-purpose embodied models that bridge the gap between simulation and real-world deployment. These models provide robots with robust generalization and precise physical interaction capabilities across diverse environments. Technical efficacy is validated by theSpirit Series (notably Spirit v1.5), which currently leads the RoboChallenge global benchmarks. Through rigorous R&D, Spirit AI aims to integrate versatile robotic companions into the modern workforce, advancing the era of embodied AI.
  • Hongde New Materials — Hongde New Materials produces thermoplastic composite materials with fiber reinforcement. It offers energy storage and auxiliary components for solar and automobile power and steering systems.
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Taiyou Fund
VC Fund · Beijing, Beijing, China

The fund owns a series of funds in Thailand and establishes parallel funds overseas. Based on domestic and foreign famous universities, research institutes, entrepreneurial parks, incubators and other entrepreneurial projects, it seeks high-tech entrepreneurial projects with investment potential and entrepreneurship. They will grow together andstrive to become a first-class angel investment fund that is specialized, standardized, and international.

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Investment focus

  • Manufacturing, Information Technology, Electronics
  • Angel, Seed, Series A
  • China, United States

Portfolio highlights

  • SMIC — SMIC Thermal Technology is a service provider of infrared quantum material device preparation and packaging technology,
  • Feynman Dynamics — Feynman Dynamics is a developer of fuel cell catalysts for the energy sector.
  • HurRain NanoTech — HurRain NanoTech is a new functional nanomaterials service provider for atmospheric water generation solutions. It developed a platform for material screening and amplification with functional composite moisture-absorbing interfacial thermal materials as the primary R&D direction, created a product line of atmospheric water generator devicesand interfacial thermal materials, and provided customers with standardized products and solutions.
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Green Pine Capital Partners
VC Fund · Shenzhen, Guangdong, China

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

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Investment focus

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

Portfolio highlights

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

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

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Investment focus

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

Portfolio highlights

  • Xinwuzhan — Xinwuzhan builds a B2B mobile e-commerce platform in the field of frozen aquatic products. It combines the advantages of refrigerated storage, aquatic product processing, aquatic product artificial breeding, international ocean fishing and cold chain logistics in related industries. It was formally established in Beijing on December 12, 2017.
  • Puyu Technology — Puyu Technology is committed to providing high-performance micro-nano manufacturing solutions.
  • Coherent Technology — Coherent Technologies, a company that provides superconducting quantum computing technology solutions and quantum computing services, was founded at the Beijing Academy of Quantum Information Science. Leveraging the academy's foundation in superconducting quantum computing science and engineering research, Coherent Technologies has graduallyconstructed a complete superconducting quantum computing measurement and control solution, as well as the ability to develop complete quantum computers.
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BAI capital
VC Fund · Beijing, Beijing, China

BAI Capital is a leading venture capital fund in China. Since 2008, the team of BAI Capital has invested in more than 200 portfolios, including 17+ IPOs and 40+ unicorns. BAI Capital has two main focuses: China-based global companies and China’s structural transformation. BAI Capital seeks to partner with and empower outstanding Chinese companiesand entrepreneurs that can leverage the multiplier effect of China’s technology, talent, and supply chain advantages and to expand globally in consumer retail and services, fintech, media and content innovation, Web3 and metaverse. On the other hand, at the turning point of China’s structural transformation, the fund will also seize major cross-cycle disruption opportunities in frontier and infra tech, electric vehicles and autonomous driving, and industrial upgrade driven by enterprise software development.The investor base for BAI Capital includes institutional investors such as sovereign wealth funds, large insurance companies, internet giants and fund of funds globally, as well as Bertelsmann. BAI Capital has its background from Bertelsmann Asia Investments, part of the Bertelsmann Group.

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Investment focus

  • Internet, Software, Financial Services
  • Series A, Series B, Seed
  • China, United States, Hong Kong

Portfolio highlights

  • INS — INS is an innovative commercial real estate operator that offers a one-stop experience platform focused on music, wine, and social interaction.
  • KUN — KUN provides all-inclusive digital payment solutions for Web2 and Web3 enterprises.Its services include seamless on/off ramp solutions, developing markets-focused integrated payment systems, and cryptocurrency-enabled virtual and real card solutions.
  • ThetaWave AI — Turn lectures into notes, mindmaps, quizzes & flashcards in real-time. Trusted by 50,000+ students from Stanford, MIT & more. Free to try.
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China Fortune-Tech Capital
VC Fund · Shanghai, Shanghai, China

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

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Investment focus

  • Manufacturing, Semiconductor, Electronics
  • Series A, Series B, Funding Round
  • China

Portfolio highlights

  • XPTC — XPTC is a wafer slicing equipment developer, dedicated to the research, development, production, and sales of ultra-precision thinning cutting equipment and related consumables.
  • SonoSilicon — SonoSilicon researches on medical-grade micro-on-chip ultrasound systems and chip design and promotes the medical device industry.
  • Micronano Core — Micro-nano core is committed to the development and production of the world's leading intelligent IoT AIoT SoC serialized chips, through the world's leading four core technologies: ultra-low-power chip architecture technology (to solve the problem of system standby power consumption), ultra-low power consumption Power consumptionclosed-loop adaptive near-threshold circuit technology (to solve the problem of chip running power consumption), ultra-low power consumption and high-precision sensor acquisition technology (to solve the problem of high precision and low power consumption of sensor signal acquisition) and high-efficiency embedded AI engine technology (solving the computing power and energy efficiency of embedded AI), creating a general/platform technology system for IoT chips and AIoT serialized chips, enabling IoT products, and significantly improving the low power consumption, low power consumption, and low power consumption of future IoT products High-precision detection and edge AI inference performance.
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Share Capital
VC Fund · Shenzhen, Guangdong, China · 1 investment in the past 12 months

Share Capital is a venture capital firm specializing in seed, start-up, early, middle, growth capital, and Pre-IPO investments. it primarily invests in big living, medical healthcare, and internet innovation. In medical healthcare, it seeks to invests in pharmaceuticals, innovative equipment, biotechnology, diagnostic testing equipment andreagents, anti-infectives, drug discovery, medical health service, mobile medical services, and informatization.

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Investment focus

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

Portfolio highlights

  • Depp CNC — Depp CNC is a research and development manufacturer of CNC machine tools and core accessories.
  • Microview — Microview is a high-tech enterprise specializing in the research and development of high-precision complex process chip packaging equipment.
  • Jodell Robotics — Jodell develops intelligent robotic equipment designed to serve in automotive and logistics industries.
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Crystal Stream Capital
VC Fund · Beijing, Beijing, China

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

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Investment focus

  • E-Commerce, Fashion, Food and Beverage
  • Series A, Series B, Seed
  • China, United States, Egypt

Portfolio highlights

  • Robot Era — Robot era is an emerging technology business creates embodied intelligence and generic humanoid robot technologies and products. Xingdong Era is committed to the development of universal humanoid robots that can adapt to a wide range of fields, multiple scenarios, and high intelligence, striving to realize the beautiful vision of intelligent robotsentering thousands of households and integrating into the lights of thousands of homes.
  • 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.
  • Powernice Intelligent Technology — Powernice is a high-tech company that specializes in the development and production of high-precision intelligent actuators and equipment.
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GSR United Capital
VC Fund · Beijing, Beijing, China

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

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Investment focus

  • Manufacturing, Artificial Intelligence, Robotics
  • Series A, Seed, Series B
  • China, United States, Singapore

Portfolio highlights

  • WeZhi Airlines — WeZhi Aviation focuses on medium and large general unmanned transport aircraft , and the company aspires to be a global provider of intelligent aviation-related technological goods and services.
  • Lanxin Computing — Lanxin Computing is a high-performance chip design company that focuses on the research and development of CPUs with RISC-V ecosystems.
  • Yifang Intelligent Control — Yifang Intelligent Control is a technological innovator engaged in high-end industrial control and industrial machine tool control systems.
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