Top 10 Crowdfunding VC Funds &amp; Investors in China (June 2026)

Decent Capital is a venture capital firm with a cross-border presence. It was founded in 2007 by Jason Zeng, co-founder of Tencent Holdings Limited. Decent Capital has two teams, venture investment and asset management, with offices in Hong Kong, mainland China, Singapore and the United States. Decent’s investment team invests from Seed to SeriesA, primarily focusing on SaaS, Consumer Internet, and Frontier Tech. Decent has invested in over 200 companies globally, spanning across the United States, China, Australia, Canada, United Kingdom, Hong Kong and Singapore. Decent upholds strong dedication to post-investment management, they continue to heavily support their portfolio companies’ business operations, supply chain and logistics, and future fundraising efforts. While Decent’s emphasis is on early-stage investments, they prioritize continuing to support portfolio companies throughout growth, for example, Decent invested in Lime from Seed to Series D.

Investment focus

Industry: Internet, Information Technology, Software
Stage:Seed, Angel, Series A
Geography: China, United States, Singapore

Investor stats

Total investments: 125
Round size: Seed $425k–$14M; Angel $425k–$2.3M; Series A $1.4M–$26M
Lead/follow: 17% lead, 83% follow

Portfolio highlights

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.
Esperanto Technologies — Esperanto delivers high-performance, energy-efficient computing solutions, the compelling choice for the most demanding AI / ML / DL applications. Their founding team, with many decades of processor design and architecture experience, is dedicated to delivering solutions to help drive future computing innovation. The changing,computationally intensive, workloads of the machine learning era mandate a new clean-sheet solution, without the baggage of existing legacy architectures. Esperanto leverages the simple, elegant, open standard RISC-V instruction set architecture (ISA) to deliver flexibility, scalability, performance and energy-efficiency advantages.
Qingyu Technology — Qingyu Technology is a software development service company specializing in the research, development, and sales of intelligent robots.

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

Investment focus

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

Investor stats

Total investments: 372
Round size: Series A $2.8M–$94M; Series B $12M–$113M; Series C $14M–$200M
Lead/follow: 39% lead, 61% follow
Last fund: Likely still investing — raised $177M in 2021

Portfolio highlights

Dipeak — Dipeak is a big data computing and artificial intelligence company that helps businesses traverse the AI era. Dipeak offers computer software services connected to data intelligence engines that integrate computing intelligence.
Bespin Global — Bespin Global provides consulting, migration, managed services, and solutions for hybrid cloud. They rapidly implement architectures optimized for various industry areas into a hybrid cloud environment interacting with IDB using AWS, MS Azure, and Flexcloud. Bespin Global is a premium brand for strengthening Hostway's cloud business that hasprovided corporate professional hosting services and managed services since 1998 and is dedicated to Hostway's cloud managed service provider (MSP) business.
Volant Aerotech — Volant Aerotech is a company specializing in the R&D, manufacturing, and service of passenger eVTOL, an electric vertical take-off and landing aircraft.

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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.

Investment focus

Industry: Internet, Software, E-Commerce
Stage:Series A, Series B, Angel
Geography: China, Latvia, Hong Kong

Investor stats

Total investments: 135
Round size: Angel $425k–$14M; Series A $425k–$15M; Series B $1.7M–$28M
Lead/follow: 42% lead, 58% follow
Last fund: Likely still investing — fund raised in 2023

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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Fi Capital is a venture capital firm focused on high-tech TMT, and information technology.

Investment focus

Industry: Artificial Intelligence, Sensor, Hardware
Stage:Seed, Angel, Series A
Geography: China

Investor stats

Total investments: 6
Round size: Angel $425k–$425k
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Supreium — Chuang Technology focuses on the research and application of computer-aided engineering and intelligent industrial design, independently develops the underlying algorithm solver, provides cloud-native intelligent cloud simulation and intelligent design services, and provides high-performance CAE algorithms, intelligent optimization algorithms andindustrial Software research and development and other fields have been at the international forefront.
riskstorm — riskstorm is an artificial intelligence-based enterprise intelligence analysis and risk control system.
Water bear sensing — Water Bear Sensing is a cutting-edge sensor company focused on high-precision encoders for humanoid robots. It provides feedback on joint positions, movement, and orientation, allowing robots to mimic human motion and interactions effectively.

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Milestone Investment Management is a principal investment firm. Junjun Sun founded it in 2011, with its headquarters in Shanghai in China.

Investment focus

Industry: Information Technology, Software, FinTech
Stage:Series B, Seed
Geography: China, United States

Investor stats

Total investments: 11
Round size: Seed $1.4M–$1.4M; Series B $7.1M–$14M
Lead/follow: 18% lead, 82% follow

Portfolio highlights

Sobot — Sobot offers contact center solutions, including both customer service and marketing. The product range includes AI Chatbot, Live Chat, Voice, Ticketing, WhatsApp Business API, etc. Sobot commits to delivering an omnichannel and intelligent solution, ensuring seamless customer interactions across various channels. Sobot won many notable clientssuch as Samsung, OPPO, DFS, Philips, J&T, and Air Liquide. It has established strong and strategic partnerships with AWS Cloud, Alibaba Cloud, Meta, Salesforce, etc.Sobot wants to empower clients' business to achieve better customer experience and higher satisfaction. Through providing cutting-edge solutions, Sobot aims to create enormous values for enterprises or organizations to delight their customers and meanwhile increase their business performance.
LenoMed Medical — LenoMed Medical is a medical equipment maker.Over 15-year research and development experience on infusion technology, LenoMed innovatively develop and manufacture InnoTech insulin pump, drug infusion pump and disposables.They explore innovative way to develop close-loop through integration of CGM technology and insulin pump. They share thecommitment to advance diabetes management through their diabetes care management system.
LianAn Technology — LianAn Technology is a Blockchain company.

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China Renaissance is a leading independent investment bank in China. Established in Beijing in 2004, we focus on top Chinese entrepreneurs across a broad range of sectors including TMT, consumer products & services, education, healthcare, financial services and CleanTech. We have more than 60 professionals in two offices in Beijing andShanghai. We offer financial advisory services in private placement and M&A to an extensive network of leading Chinese entrepreneurs. In the past five years we have become the number one advisor to Chinese entrepreneurs and successfully closed over $2 billion worth of transactions. We have received awards The Best Boutique Investment Bank in 2006, 2007, 2008 and 2009.

Investment focus

Industry: Manufacturing, Financial Services, Internet
Stage:Series A, Series B, Series C
Geography: China, Australia, Hong Kong

Investor stats

Total investments: 46
Round size: Series A $1.4M–$147M; Series B $2.8M–$1.5B; Series C $30M–$308M
Lead/follow: 35% lead, 65% follow

Portfolio highlights

RoboScience — RoboScience is a developer of embodied intelligence technology, focusing on the research and development of Cross Embodiment AI.
Mingxin Digital — Mingxin Digital is a financial technology company dedicated to driving industrial credit management with digital technology.
A new energy — Yidao New Energy is a solar photovoltaic manufacturer

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

Investment focus

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

Investor stats

Total investments: 236
Round size: Seed $1.3M–$100M; Series A $4.3M–$40M; Series B $11M–$62M
Lead/follow: 28% lead, 72% follow
Last fund: Likely still investing — raised $375M in 2021

Portfolio highlights

VOC AI — VOC AI offers AI tools for ecommerce insights and customer service solutions.
RootData — RootData operates as a Web3 asset data platform that pioneers in encapsulating both on-chain and off-chain data of Web3 assets.
Spiro Medical — Spiro Medical is revolutionizing the treatment paradigm for patients with severe, chronic airway diseases.

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Shanghai Liuhe Capital is a professional investment management company started in August 2004 in Shanghai China. The company currently manages around RMB 4 billion assets, in the form of trust security funds, PIPE funds, and VC/PE.Liuhe Capital is managed by nine partners, majority of whom have been working together for more than ten years.Dr. Xia Xiaohui, CEO & General Manager, was ranked among the TOP 10 of 2012 China's Best Private Fund Managers, by Forbes (Chinese version).Liuhe's security trading business is managing eight trust security funds, which are also called private funds. Among the eight funds, Liuhe Fortune Yinzhan and Liuhe Sunshine Age were set up in 2008 and 2009 respectively, which are the early private funds in China. Liuhe Sunshine Age was ranked among the TOP 10 of 2012 China's Best Private Funds for its three-year performance.Liuhe's VC/PE business started in 2006. Among the seventeen deals invested, six have successfully gone public in China. Liuhe Capital is ranked as one of the TOP 50 PE managers by Qingke Group in its 2012 China VC/PE ranking report. PE/VC business focuses upon investing in small to middle-sized, high-growth companies in high-end manufacturing, advanced materials, consumer product and services sectors.PIPE is a relatively new business in Liuhe Capital. It started in 2011, and has invested in more than ten PIPE deals with total amount over RMB 2.7 billion."Growth, Change and Fair Valuation" is the core investment philosophy of Liuhe Capital. Liuhe Capital believes that changes and growth are the key driving forces of a company's value increase.Liuhe's culture is "Pursuing Excellence, Sharing and Being Benevolent." Liuhe's core values include putting the customer's interest first, respecting facts, and encouraging responsibility and innovation. Liuhe's goal is to become one of the most respected investment management companies in China.

Investment focus

Industry: Software, Financial Services, SaaS
Stage:Angel, Series A, Series B
Geography: China, United States

Investor stats

Total investments: 8
Round size: Angel $142k–$850k; Series A $66k–$5M
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Meixin Global — Founded in 2015, Meixin provides a number of global wealth management products such as fixed income investments, real estate private equity fund, private equity investments and overseas hedge funds to Chinese high-net-worth individual clients. It also has a business-to-business platform providing global asset analysis and trading services forfinancial institutions such as asset management companies.
BaiCells Technologies — Baicells Technologies provides wireless broadband access solutions. Its technical solutions include Light4G which is a deployment solution for mobile operators to improve coverage and expand capacity in hotspot; BroFi WBB solution which is a multi-carrier intelligent broadband access system that triples the user capacity and provides 300 Mbpshigh-speed concurrent broadband; and WeLTE 4G wireless industry network solutions which provide multi-media services covering voice, cluster service, positioning, data collection, picture transmission, video call, high-definition monitoring ,and emergency communication for various industries. Baicells Technologies also manufactures elfCell which helps mobile operators to build digital home integrated platform. Additionally, it manufactures pico cell, micro cell, and customized TDD/FDD customized frequency bands. Lixin Sun and Mingyu Zhou founded Baicells Technologies in 2014. It has its headquarters in Plano in Texas with additional location in Beijing in China.
HeadSpring Technology — HeadSpring Technology is a provider of transportation equipment, R&D and information technology solutions.

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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.

Investment focus

Industry: Health Care, Software, Medical
Stage:Series B, Series A, Series C
Geography: China, United States, Australia

Investor stats

Total investments: 127
Round size: Series A $2M–$28M; Series B $4.5M–$43M; Series C $10M–$100M
Lead/follow: 28% lead, 72% follow
Last fund: May invest from a new fund soon — last raise in 2018

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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