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Top 50 Enterprise Software VC (Venture Capital) Funds in China in May 2025

Last updated: May 2025 A list of 50 VC (Venture Capital) funds that invest in Enterprise software startups based in China. We rank investors based on the number of investments they made in Enterprise software companies from China. We update this investor list every month.

Top 50 Enterprise Software VC (Venture Capital) Funds in China in May 2025

Investor	Enterprise Software China investments
Shenzhen Capital Group	4
IDG Capital	3
Xiaomi	3
01vc	3
Sunyard	3
Shunwei Capital	3
UnityVC	3
Matrix Partners China	3
Cheetah Mobile	3
Qiming Venture Partners	3
Yonghua Capital	2
HSG	2
Picus Capital	2
Green Pine Capital Partners	2
Hillhouse Investment	2
Lotus Lake Ventures	2
ZhenFund	2
Meridian Capital Asia	2
Eminence Ventures	2
Hillhouse Investment	2
Northern Light Venture Capital	2
Zhongguancun Science City Science	2
PreIPO	2
Score Capital	2
Ivy Capital	2
Albatross Venture	2
Nanotrend Capital	2
Sinovation Ventures	2
Ultrabuttonwood Capital	2
Junsan Capital	2
Zhuhai Science & Technology Venture Capital	1
OFC	1
Kunlun Capital	1
Security Capital	1
Sinopharm-CICC	1
Huatai Health Fund	1
BlueRun Ventures	1
X Capital	1
Droi	1
Honze Invest	1
Chang An Hui Tong Fund	1
Shaanxi Tourism Group	1
Blue Ocean Capital	1
Dynamic Balance Capital	1
Infore Capital	1
Chengwei Capital	1
Weed Ventures	1
Source Code Capital	1
Addor Capital	1
SAIF Partners	1

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Investor list

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.

Investment focus

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

Portfolio highlights

KargoBot — KargoBot is an autonomous driving company that aims to commercialize robotrucks in a sustainable and scalable manner.
Salus BioMed — Salus BioMed is an innovative biomedical company that specializes in developing genetic sequencing technology and spatial omics products.
Hangwei Intelligent — Hangwei Intelligent is a micromotor producer that specializes in intelligent equipment manufacturing and micromotor research and development.

IDG Capital is an investment firm that funds early- to growth-stage companies in the technology sector. Today they work with private equity and venture capital fund managers, investment advisors, and business entities from around the world. Their limited partners include many internationally reputable investors, including sovereign wealth funds,pension funds, institutional investors, major charities, university endowments, family offices, and business luminaries.IDG Capital brings a powerful combination of global perspective and local experience to investment management. As long-term value investors, they are highly skilled at mobilizing global resources to address local needs, especially for Inbound and outbound opportunities in China and the rest of Asia. Their highly skilled team has an in-depth understanding of the Chinese market and enjoys close relationships with many influential business leaders.

Investment focus

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

Portfolio highlights

Sand AI — Sand AI is an AI company that focuses on producing videos.
Kaia — Kaia is a public blockchain that utilizes Byzantine Fault Tolerance (BFT) for enhanced reliability and performance.
Wanhai Medical — Wanhai Medical is a prominent manufacturer specializing in the development and production of self-medication injection systems.

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Investment focus

Manufacturing, Software, Electronics
Series A, Series B, Series C
China, India, United Kingdom

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.
Dezao Technology — Dezao Technology is an e-commerce transaction provider, mostly involved in the sales of electronic products, mobile phones, and mobile phone accessories.
Mihuo Intelligence — Mihuo Smart is a smart-home and appliance firm.

01vc is a venture capital firm focused on making early-stage investments in mobile internet and marketplace startups such as trading platforms, enterprise service, SaaS, logistics, mobile internet-related finance, e-commerce, and B2B. The firm also invests in the Southeast Asia market. 01vc was established in 2014 and is based in Shanghai, China.

Investment focus

E-Commerce, Information Technology, Logistics
Series A, Seed, Angel
China, Hong Kong, Indonesia

Portfolio highlights

MORROR ART — MORROR ART combines aural and visual art, incorporates display technology into speaker devices, and designs lyrical speakers that are compatible with home decor.
RoboScience — RoboScience is a developer of embodied intelligence technology, focusing on the research and development of Cross Embodiment AI.
Lingdong Jiaxin Technology — Lingdong Jiaxin Technology focuses on creating materials for piezoelectric sensors, complemented by chip design and algorithm development, which allows companies to improve their sensor capabilities and performance.

Sunyard operates as a financial software solution provider.Sunyard is also one of the earliest software with independent IPR and provides application solutions, achieving profound knowledge in software products and their applications, outsourcing services and environmental technologies. Their products have been widely applied to banking,securities, insurance, industry and commerce, transportation, education, justice, petrochemical, electrical power, and governmental departments. Moreover, Sunyard was publicly listed in Shanghai Stock Exchange in 2002.The company was founded in 1996 and is headquartered in Hangzhou, Zhejiang, China.

Investment focus

Enterprise Software, Computer, Software
Seed, Angel, Series A
China

Portfolio highlights

YanRong Tech — YanRong is a high-tech enterprise with software-defined storage technology as its core competitiveness. It has independent intellectual property rights in key technologies such as distributed storage and is the leader of next-generation high-performance distributed cloud storage solutions. According to business characteristics of variousindustries, YanRong design personalized industry solutions and provides one-stop products and services. YanRong’s products have served many customers in the financial, government, manufacturing, Internet and other industries.
Yanhuang Data — Yanhuang data analysis platform is a set of full-stack platform with complete independent intellectual property rights.
PowerEasy Technology — Dynamic Technology is a software developer specializing in artificial intelligence, focusing on the research and development of intelligent robots and the sales of industrial robots.

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.

Investment focus

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

Portfolio highlights

LibLib AI — LibLib AI is an AI image generation platform that provides cutting-edge content creation through multi-scenario and multi-dimensional applications and interactions. It is a subsidiary of Beijing Singularity Star Technology Co., Ltd.
Huashen Ruili — Huashen Ruili is a manufacturer and retailer of auto parts. It focuses on the advancement of drive motor systems' dry brake-by-wire technology.
Fanding International Group — Fanding International Group offers supply chain services by reducing logistics costs.

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.

Investment focus

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

Portfolio highlights

InfinAstro — InfinAstro is a firm that develops and manufactures rocket engines, rocket launch equipment, rocket control systems, and microsatellites.
Lingmo Medical — Lingmo Medical is a company that provides department-level flexible endoscopic solutions.It is advancing the development of flexible endoscopy and providing higher-quality endoscopic solutions for clinicians and patients, allowing more risk categories to benefit from it. Benefit from endoscopic diagnosis and treatment.
True Talents For China (TTC) — True Talents For China (TTC) is a digital and intelligent professional talent service company that provides digital platforms, business platforms, data platforms, enterprise cloud services, and other services.

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.

Investment focus

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

Portfolio highlights

Sand AI — Sand AI is an AI company that focuses on producing videos.
TOYA — TOYA specializes in the production of ultra-fine copper and copper alloy conductors.
LeXiang Intelligence — LeXiang Intelligence is a robotics company that specializes in the development of intelligent consumer-grade robots.

Cheetah Mobile is a mobile internet company that develops mobile applications and provides internet security software for its clients. Its mission critical applications, including Clean Master, CM Security, Battery Doctor, and Duba Anti-virus, help make the internet and mobile experience speedier, simpler, and safer for users worldwide. The Companyalso provides various platform products such as Duba.com, Cheetah browser, game centers, and mobile app stores to provide multiple user traffic entry points and global content distribution channels for its business partners.Founded in 2010 by Robert M. Darroll and Sheng Fu, the principal executive office and major research and development center of Cheetah Mobile are located in Beijing, China. There are also other research and development centers located in Zhuhai, Zhengzhou, Guangzhou, Suzhou, and Hangzhou.

Investment focus

Software, Artificial Intelligence, Hardware
Series A, Angel, Series B
China, United States, South Korea

Portfolio highlights

EVENTEC — EVENTEC is a service robot system solution provider.
B-Robotics — B-Robotics is a service robot firm that offers full-service serving robot rentals.
Deep Wisdom — Deep Wisdom is an interactive entertainment platform that focuses on AI anchors, and aims to replace real anchors in the “carrying goods” scene of e-commerce + live broadcast + short videos.

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.

Investment focus

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

Portfolio highlights

Engitist — Jiangling Technology provides high-quality optical measurement and inspection equipment to semiconductor customers around the world.
iflybuds — Vision Intelligence is a AI smart hardware company that manufactures and sells interactive intelligence based electronic consumer products.
Pulnovo Medical — Pulnovo Medical integrates development, production and services. Our core products including use pf radiofrequency ablation technology to treat pulmonary hypertension. The high-frequency ablation equipment and intravascular catheters developed by the company are pioneer inventions with global invention patents.

Shanghai Chung Hua Investment Management Co., Ltd. is specialized in Yongjin Group's equity investment management platform. Total investment scale Chung Hua invest over 6 billion yuan, it has invested in more than 80 outstanding enterprises, of which more than 40 enterprises have been successfully listed. Currently Chung Hua investment teamcovering the major cities Beijing, Shanghai, Shenzhen, Xiamen, Hangzhou, Changsha, Chengdu, etc., and in many industries new energy, environmental protection, consumer goods, TMT, agriculture and other in-depth research team.

Investment focus

Health Care, Manufacturing, Education
Series A, Series B, Seed
China, United States, Canada

Portfolio highlights

Spear Bio — Successive Proximity Extension Amplification Reaction (SPEAR) technology from Spear Bio enables ultra-sensitive biomarker detection using ultra-small samples.
LONGi Hydrogen Energy — LONGi Hydrogen Energy is a provider of large-scale green hydrogen equipment and solutions.
Angitia Biopharmaceuticals — Angitia Biopharmaceuticals is a global biotechnology company focusing on the discovery and development of innovative therapeutics for serious musculoskeletal diseases.

We help founders build enduring companies.

Investment focus

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

Portfolio highlights

Manus AI — Manus is a general AI agent that turns your thoughts into actions. It excels at various tasks in work and life, getting everything done while you rest.
Noematrix — Noematrix is an embodied intelligence company that specializes in innovative general robotic intelligence solutions and services.
Xingkeyuan — Star Science is a high-performance lithium battery silicon-carbon negative electrode material research and development company. It has achieved small-scale mass manufacture of nano-silicon as well as the experimental development of high-efficiency silicon-carbon composite materials.

Picus Capital is an early-stage technology investment firm with a long-term investment philosophy. We work together with daring technology companies to build successful, global companies challenging the status quo and shaping tomorrow.

Investment focus

Financial Services, Software, FinTech
Seed, Series A, Pre-Seed
Germany, United States, United Kingdom

Portfolio highlights

Hawk — Award-winning AML & CFT technology powered by explainable AI increases your risk coverage, helps you identify more crime, and reduces your false positives.
SmartSolar — SmartSolar is a Saigon-based EnergyTech company working to decarbonise Southeast Asia. With SmartSolar, businesses save on their electricity bill from day 1. SmartSolar is currently busy building the critical financing infrastructure to get SMBs equipped with solar energy. We help our customers save money and enable our partners to reach morecustomers. Renewable energy is at an inflection point across the region and we are on a mission to make it available for everyone.
Niva — Niva's business identity platform enables institutions across the globe to verify more businesses faster, safer, and smarter with AI. Scale your fraud and compliance teams with Niva.

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.

Investment focus

Software, Artificial Intelligence, Manufacturing
Series A, Series B, Angel
China, United States, Canada

Portfolio highlights

Neurogin — Neurogin is a bioelectronics company that provides reliable monitoring and auxiliary diagnostic tools for clinical and health institutions and focuses on advanced engineering methods for brain science research and clinical diagnosis.
Taifang Technology — ## Build Setup
NAEN Auto Technology — Shanghai NAEN Auto Technology co.Ltd provides automotive electronics products for automobile manufacturers.

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

Investment focus

Manufacturing, Software, Biotechnology
Series A, Series B, Series C
China, United States, Singapore

Portfolio highlights

dinii — Dinii is a mobile order platform for take-out shops.
Vita Dynamics — Vita Dynamics involves learning through real-world interactions by developing robots that can physically engage with their environment, they can adapt more naturally and efficiently.
Horizon Continental Technology — Horizon Continental Technology is a joint venture between Continental Group and Horizon Robotics

Lotus Lake Ventures is an investment firm committed to investing in science and technology innovation enterprises, focusing on high-tech and high-tech enterprises with core competitiveness in the initial stage and growth stage..

Investment focus

Health Care, Biotechnology, Medical
Series A, Series B, Series C
China

Portfolio highlights

iRegene — iRegene researches and develops pharmaceutical therapy for neurodegenerative and rare diseases.
Reprogenix — Reprogenix is a groundbreaking medical technology firm that began with stem cell therapy for diabetes and is dedicated to expanding the use of cell therapy in a wide range of disease areas.
Better Medtech — Better Medtech is a provider of innovative solutions for urinary and pelvic floor health. Its primary business is the research and development, production, sales, and related services of specialized medical devices, with a focus on creating comprehensive and precise revolutionary products in markets such as benign prostatic hyperplasia, urinaryincontinence, stones, and novel tumour therapies.

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.

Investment focus

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

Portfolio highlights

Manus AI — Manus is a general AI agent that turns your thoughts into actions. It excels at various tasks in work and life, getting everything done while you rest.
Dyna Robotics — We're making Al-powered robotic automation accessible for businesses of all sizes by building affordable, easy-to-deploy Autonomous Al Robots.
Nailo Technology — Nailuo Technology is a company which focuses on technical services, technology development and software development.

Meridian Capital is the leading TMT field of venture capital institution in China. They have a wide range of investment layout in the mobile Internet and media entertainment field and they have a vibrant and experienced investment team.Meridian Capital’s investment area is relatively concentrated, and its investment can be regarded as investmentwithin the industry. They have a wide range of layout-oriented investments in the core areas of industry such as culture and entertainment, consumption upgrades, Internet finance, and enterprise services, with the flow of inputs and realization methods. It has a clear view of development in the industry and sub-industries. Social, online-business, education, health care, real-estate, car business, digital reading, digital marketing, music, film and television, games, entertainment community and etc, industrial cluster effect is obvious.Since its inception in 2008, Meridian Capital is committed to focusing on investment in culture new media fields, currently it is mainly concerned with culture entertainment, consumption upgrading, Internet finance, and corporate service fields, it has issued 5 RMB funds, and 2 Singapore currency funds, whose total management size topped RMB 5 billion yuan, more than 100 Internet startup enterprises are its beneficiaries. Meridian Capital’s concern for culture new media field is consistently prominent.

Investment focus

Internet, Software, Information Technology
Series A, Angel, Series B
China, Latvia, Hong Kong

Portfolio highlights

Kuafu — Kuafu operates in the food industry and offers various fried skewers and beverages.
Hanhai Energy — Hanhai Energy is dedicated to explore the science and technology to accelerate the commercialization of fusion energy.
Bibost Automotive Electronics — Bibst Automotive Electronics is a provider of automotive electronic products. Bibst provides intelligent chassis core components, chassis domain controllers, and autonomous driving-related technical services.

Eminence Ventures is a venture capital firm.

Investment focus

Software, Information Technology, Artificial Intelligence
Series A, Seed, Angel
China, Japan, Israel

Portfolio highlights

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.
Yunwu Intelligence — Yunwu Intelligence uses its self-developed multimodal model system to create interactive products with 3D dynamic content as the core.
Qianxun Intelligence — Qianxun Intelligence is an intelligent technology developer that offers software development, intelligent robot research and development, AI hardware sales, AI application software development, information system integration services, and Internet sales.

Investment focus

Biotechnology, Health Care, Software
Series B, Series A, Series C
China, United States, Singapore

Portfolio highlights

dinii — Dinii is a mobile order platform for take-out shops.
Ascentium — At Ascentium, we believe in the power of partnership to realise unlimited growth potential.
Xingmai Innovation — Xingmai Innovation creates, develops, and sells intelligent swimming pool cleaning robots.

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

Investment focus

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

Portfolio highlights

VOC AI — VOC AI offers AI tools for ecommerce insights and customer service solutions.
AscentStream — AscentStream is a software development company that provides cloud messaging software and stream processing solutions.
Shengrun New Materials — Shengrun New Materials is an aerogel material and system solution service provider integrating advanced material process research and development, product application development, advanced production line design, and mature system solutions.

Beijing Zhongguancun Science Park Innovation Development is a market-oriented operation platform that offers industrial investment services and international cooperation services.

Investment focus

Artificial Intelligence, Manufacturing, Software
Series C, Seed, Series B
China

Portfolio highlights

Zhipu AI — Zhipu AI is a data company developing an AI-based large model platform to provide API services. It includes a variety of smart application products such as the scientific and technological information analysis engine and AI cognitive engines to allow users to leverage AI-powered tools to reduce manual labor in digital tasks. The company develops arange of AI applications, including chatbots and advanced AI tools, built on its General Language Model (GLM) series, which are designed to handle both Chinese and English tasks.
DP Technology — DP Technology is a global leader in the "AI for Science" research paradigm, where AI learns scientific principles and data, then tackles key challenges in scientific research and industrial R&D.DP's commitment to interdisciplinary research has led to the creation of the DP "Particle Universe", an array of pre-trainedlarge science models designed to bridge foundational research with practical industrial applications. DP's software suite includes the Bohrium® Scientific Research Space, Hermite® Computational Drug Design Platform, RiDYMO® Dynamics Platform, and Piloteye® Battery Design Automation Platform. Together, these platforms form a robust foundation for industrial innovation and an open ecosystem for AI in science, fostering advancements in key areas such as drug discovery, energy, material science, and information technology.
Mianbi Smart — Mianbi Smart enables large-scale model acceleration and application execution using artificial intelligence.

PreIPO is a private equity fund that provides investors with access to pre-IPO companies.

Investment focus

Manufacturing, Advertising, Marketing
Series A, Series B, Funding Round
China, Israel, United States

Portfolio highlights

Vanced — Vanced is a nanodispersion manufacturing company that specializes in developing nano-color paste for 8K ultra-high-definition display photoresist and technical services for the domestic electronic semiconductor field.
Ruizhu Technology — Ruizhu Technology is focused on 3D ranging technology in the field of lidar. It is a Sino-foreign joint venture founded by foreign A-class experts and jointly invested by leading listed companies in the industry, government-industry funds, and venture capital. The company's workplace is in Zhongguancun, Haidian District. The founding team hasworked closely with two Nobel Prizes.
Zhongnai New Materials — Zhongnai New Materials is a high-tech enterprise specializing in the research and development and production of ceramic fibers and related composite materials.

As a government-approved private equity fund management institution, SCORE CAPITAL has become one of the most influential asset management institutions in the local capital market. The management team is located in Shanghai, Beijing, and Suzhou.SCORE CAPITAL is established as a partnership by successful people from various industries and fields.The partners utilize and integrate their resources in social relationship, industry experience, and funding sources to create value for investors. The management team is consisting of a number of investment professionals with over 10-year experience in the top-class international and local capital markets.SCORE CAPITAL has funds under management over RMB 10 Billion, and has invested in dozens of projects with successful IPO in domestic and overseas security markets.

Investment focus

Information Technology, Computer, Software
Seed, Series A, Series B
China

Portfolio highlights

YanRong Tech — YanRong is a high-tech enterprise with software-defined storage technology as its core competitiveness. It has independent intellectual property rights in key technologies such as distributed storage and is the leader of next-generation high-performance distributed cloud storage solutions. According to business characteristics of variousindustries, YanRong design personalized industry solutions and provides one-stop products and services. YanRong’s products have served many customers in the financial, government, manufacturing, Internet and other industries.
Reconova Technologies — Reconova is a leading artificial intelligence company in China, which focuses on providing cutting-edge visual perception total solutions. Dedicated to the research of innovative computer vision and machine learning technologies, Reconova possesses a significant amount of core technologies in those fields. The core product development team of thecompany is mainly from Huawei with outstanding end-to-end product design and delivery capabilities. In smart retail, smart home, and intelligent security markets, Reconova has all achieved scale production and application. Reconova is the strategic partner of many well-known companies including Alibaba, JD, Midea, Xiaomi, Huawei, Anta, Wanda, Focus Media, and so on.

Ivy Capital is a premier venture capital and growth equity firm that finances early- or growth-stage companies. They invest in high-growth businesses with defensible business model, strong management team and huge market potential.

Investment focus

Information Technology, Software, Manufacturing
Series A, Series B, Angel
China, United States

Portfolio highlights

MKSEMI — MKSEMI is a low-power ultra-wideband (UWB) company, provides a complete high precision location solution for device OEMs and ODMs.
Skysys — Skysys is a company that focuses on data acquisition and analysis services for drones. It provides customers with complete solutions for automatic charging, automatic scheduling, automatic acquisition and automatic analysis. It is committed to becoming the leading enterprise in data collection and analysis of Chinese civil rotary aircraft. From thedata and services to gold mining, the development of mature rotorcraft drone automatic driving artificial intelligence.
91360 Med Tech — 91360 Med Tech is a digital pathology remote diagnosis platform. 91360 Med Tech's business is based on the pathology industry's future development trend, with advanced AI technology and Internet technology as the core, to build a process-oriented and standardized pathology department operation system.

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

Investment focus

Software, SaaS, Financial Services
Series A, Angel, Seed
China, Singapore

Portfolio highlights

Ninetech — Ninetech is providing digital transformation and upgrading solutions for large state-owned enterprises and central enterprises.
Hydrogen New Technology — Hydrogen New Technology is a technology company engaged in the miniaturization technology and industrialization of high-temperature proton exchange membrane fuel cells
China Carbon Measurement — China Carbon Measurement develops an MRV-based worldwide equitable WDTs carbon measurement methodology. It provides services to maritime transportation, thermal power plants, building materials and chemicals, papermaking, steel, forestry and photovoltaic new energy enterprises.

Nanotrend Capital is a market-oriented professional equity investment institution with state-owned shares in Suzhou Industrial Park. Nanotrend focuses on equity investment in the nanotechnology application sector, creates a financial environment for the nanotechnology application industry, and enables hard technology companies to scale quickly.

Investment focus

SaaS, Solar, Software
Seed, Series A
China

Portfolio highlights

Peifeng Tunan — Peifeng Tunan is an enterprise that offers Design Technology Co-Optimization (DTCO) one-stop "software + service" complete solutions for manufacturing of full process EDA software.
Essent Technology — Essent Technology is an energy-tech company that specializes in the development and manufacturing of new energy thermal management products.
Xinta Electronics — Xinta Electronics focuses on supplying third-generation semiconductor power devices and overall application solutions to customers. SiC SBD, SiC MOSFET, SiC power modules, and other products are available for application in solar energy storage, high-end power supplies, new Energy cars, charging piles, and other clean energy fields.

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

Investment focus

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

Portfolio highlights

Sand AI — Sand AI is an AI company that focuses on producing videos.
AutoAgents — AutoAgents is committed to offering software services for intelligent assistants (Copilot) and autonomous agents (AI Agents) through AI.
Sainte — Sainte is a company which provides professional nutritional solutions for babies with different nutritional needs

Ultrapowerfund Capital is a venture capital firm specializing in investment in online games and pre-service education sectors.

Investment focus

Education, Information Technology, Gaming
Angel, Series A, Series B
China

Portfolio highlights

Boshang — Boshang focuses on vertical industries, building low-cost and high-quality private LTE/5G private networks for enterprise customers, and providing slicing and in-depth customized services for different business needs.
Aerospace Yuxing — Aerospace Yuxing provides global space infrastructure construction and operation services.
Hua Kong TsingJiao — Hua Kong TsingJiao is an IT company that focuses on the research, development, and construction of large-scale technology based on modern cryptography and game theory. Its computing platform implements solutions that support general computing types and is compatible with NumPy and Pytorch and other function libraries, which greatly reduces thelearning curve for users to use ciphertext calculations.The company was founded in 2018 and is based in Haidian District, Beijing, China.

Junsan Capital Investment was established in 2003, is a direct stake in China's domestic investment / acquisition market pioneer, one of the earliest means of equity investment trusts platform to conduct business, professional bodies, which laid the corporate governance norms in the field of private equity, transparent business tradition.After decades of accumulated business and professional heritage, Jun Sheng has developed into a set of venture capital investment (VC), equity (PE), real estate (REITS) and acquisitions (M & A fund) and other private equity investment fund products integrated asset management company.

Investment focus

Manufacturing, Software, Information Technology
Series A, Seed, Series B
China

Portfolio highlights

Kangxinwei — Kangxinwei is an embedded memory manufacturer, with cutting-edge memory technology development, solution output, chip design
Zhongke Guosheng — Zhongke Guosheng is a bio-based materials R&D firm that designs and develops furan-based bio-based materials.
Zenosic — Zenosic focuses in the design and R&D of high-performance network chips, along with offering leading chip products for cloud service providers, equipment makers, operators, and diverse industries.

Zhuhai Science & Technology Venture Capital is a technology innovation investment company.

Investment focus

Software, SaaS, SMS
Series A, Series C, Seed
China

Portfolio highlights

Mogu Zhixing — Mogu Zhixing is a software as a service (SaaS) connected cars platform launched in November 2017 by a Chinese company whose name can be translated as "Zhidao Network Technology Co." Leveraging its "hardware plus operating system plus application" service model, the company primarily provides a range of services like locating andtracking vehicles, generating traveling data and searching for car maintenance.
Shuoxing Biotech — Shuoxing Biotech is a biopharmaceutical company committed to the development of efficient and low-toxic multifunctional antibody medicines.
Yuefang Technology — Yuefang Technology is a chip design company initiated and established by Galanz Group.

OFC is a venture capital firm that offers seed- and early-stage investments.

Investment focus

Information Technology, SaaS, FinTech
Series A, Series B, Funding Round
China, United Arab Emirates

Portfolio highlights

Ehang — Ehang is a technology enterprise focused on R&D and production in airplane and aircraft field. With the combination of software and hardware techniques, it self-developed the communication and real-time viewing hardware and a smartphone operation system. Its product, Ghost, is accepted as the first truly smartphone app operated intelligentrobot, which is widely used in geographical information surveying, professional television aerial filming, roadshow displaying, disaster rescuing and delivery, surveillance and monitoring, and even expected to play important role in the future logistics areas.Ehang was founded in 2014 by makers from China, America, and Singapore who are enthusiastic about drone flying. The enterprise’s core members graduated from Tsinghua University, Peking University, and Duke University in America.
Lyve Global — Lyve reimages logistics through advanced and agile solutions and technology innovations that connect organizations and opportunities.
Anyang Phoenix Photovoltaic Technology — Anyang Phoenix Photovoltaic Technology Co., Ltd. (安阳市凤凰光伏科技有限公司) is a company focused on research and development of high-performance photovoltaic products. It specializes in R&D and production in the links including crystalline silicon ingot, square-shaping, wafer-cutting, and more. Anyang Phoenix Photovoltaic Technology Co., Ltd. OwnsAnyang Phoenix new energy Co., Ltd., Shanghai City Pvphoenix Sunny Energy Technology Co., Ltd., and Anyang Wantai Lizhong Technology Co. Ltd. They respectively work on the production of solar batteries and solar battery components, system development and project construction of photovoltaic plants, and mortar's recycling production and reuse, forming the production and service mode of the whole industry chain from silicon wafer production to power plant development and construction.

Kunlun Capital seeks to invest in technologically innovative companies. Kunlun Capital focuses on innovative business models driven by technology, products and data, and selects leading companies in sub-sectors.

Investment focus

Semiconductor, Aerospace, Air Transportation
Seed, Angel, Series A
China, United States

Portfolio highlights

MiQro Era — Micro-Era is a quantum computing application company that aims to apply cutting-edge quantum computing technology to actual industries, solving technical problems.
Symbionics — We are developing next-generation brain-computer interfaces to achieve seamless integration between humans and machines.
Yinguan Semiconductor — Yinguan Semiconductor is a semiconductor equipment company that focuses on the development of precision motion control systems, sensors, and actuators.

Security Capital is a private equity firm launched by Chinese internet security major Qi An Xin Group.

Investment focus

Security, Big Data, Data Storage
Seed, Series B, Angel
China

Portfolio highlights

Zhongzhiwei Technology — Zhongzhiwei Technology is a new generation of artificial intelligence + machine learning-driven network security collaborative operation solution provider
Jinjing Yunhua Technology — Jinjing Yunhua Technology is an AI-driven security platform that offers the development of new-generation security products and intelligence-based network detection services.
ExponTech — ExponTech is a provider of overall data infrastructure solutions based on a new generation of distributed architecture.

Sinopharm-CICC is a private equity fund focused on investments in the healthcare industry under CICC Capital.

Investment focus

Medical, Health Care, Biotechnology
Series C, Series A, Seed
China, United States

Portfolio highlights

Macrowing — Macrowing delivers data intelligent management and enterprise content management solutions to a variety of industries. Their solutions such as life sciences, energy, construction engineering, design industry, finance, real estate, government, and IT internet. Their content business such as content low code platforms, knowledge management, andsystem document management.
Medi cover — Chenxi Health is a health technology company that focuses on medical insurance.
Ruishi Technology — Ruishi Technology develops Myopia prevention and control medical devices.

Huatai Health Fund is an investment firm.

Investment focus

Biotechnology, Medical, Health Care
Series C, Seed, Series B
China, Canada

Portfolio highlights

Remegen — RemeGen, Ltd. ("RemeGen") is a biopharmaceutical company in China dedicated to fulfilling unmet medical needs for patients with life-threatening conditions. RemeGen's main focus is research and development, manufacturing and commercialization of novel biologics, most notably monoclonal antibodies (mAb) and antibody-drug conjugates(ADCs). Headquartered in Yantai, Shandong Province, China, RemeGen has labs/offices in Beijing and California.
Proton Bio — Proton Bio is mainly engaged in gene and cell therapy CDMO service provider, focusing on the field of gene and cell therapy.
Vazyme Biotech — Vazyme Biotech is devoted to the development and production of enzymes and antibodies. Our products cover clinical diagnosis, molecular diagnostics, high-throughput sequencing and life science research and other related fields. The company is located in the city of Nanjing, china's ancient capital of the Six Dynasties. Vazyme Biotech is in thefront of scenic Qixia mountain, dependent on the regional radiation force of the National Economic and Technological Development Zone of Nanjing. With advanced capability of R&D and cutting- edge technology, Vazyme Biotech will create a new pattern of National Biotechnology.

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.

Investment focus

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

Portfolio highlights

Galaxy Bot — Galaxy Bot is an innovative robotics company that provides intelligent universal service robotic products.
Zhuling Technology — Zhuling Technology is a robotics company that specializes in construction robot machines and core hardware and technology solutions.
Lingchu Intelligence — Lingchu Intelligence is an embodied intelligence startup company that specializes in robot skill set training using reinforcement learning algorithms, scenario-based data generation and collection, and the development and implementation of end-to-end solutions for creating an industry-leading general-purpose dexterous operating intelligent entity.

Founded in October 2015 by Mr. Yang Xi, a partner of Silicon Valley's famous fund, Defengjie China, the company is committed to becoming the top brand of China's high-tech venture capital. The core team comes from first-line investment and industrial institutions such as Defengjie, ARM and Chinese Academy of Sciences. With an average ofmore than 10 years of high-tech investment and industry experience. Yanyang Capital adheres to the values of “scientific and technological development, rich and ethical” and adheres to the investment philosophy of “active”, “positive”, “growth” and “value”, focusing on technology-driven in the fields of Internet of Things, artificial intelligence and intelligent manufacturing. Investment in a start-up enterprise with a single project scale of RMB 10-40 million. So far, it has successfully invested in Hengshi Technology (Smart Grid, 300513), and Eagle Electric (Intelligent Manufacturing, Changyuan Group 600525 M&A), Shanghai Dajun (Electric Vehicle, Zhenghai Magnetic Materials 300224 M&A, Shanghai Junyi, Yinghantong, Zhongrun Optics and Weiner Star, etc., have built a systematic industrial ecological layout in the field of Internet of Things and artificial intelligence.

Investment focus

Software, Manufacturing, Hardware
Series A, Series B, Funding Round
China, Japan, United States

Portfolio highlights

HitoBito — HitoBito is a LINE advertising and account management agency.
Bee Photon — Bee Photon is a medical device company that manufactures and develops spiral CT probe devices. The company is based in Changzhou, China.
Sanshiyuan Technology — Sanshiyuan Technology is engaged in the R&D, production, and sale of passive optical fiber devices.Its main products include: optical fiber circulators, high-end passive integrated devices, high-reliability, cost-effective wavelength division multiplexers, and high-reliability cost-effective optical fiber isolator, MEMS optical switch,product features are miniaturization and integration.

Droi provides integrated software and hardware solutions for small and medium-sized mobile phone brands around the world.

Investment focus

Software, Enterprise Software, Information Technology
Series A
China

Portfolio highlights

YOZOSOFT — YOZOSOFT is an office software development company.

Honze Invest is an investment firm.

Investment focus

Software, Enterprise Software, Information Technology
Series A
China

Portfolio highlights

YOZOSOFT — YOZOSOFT is an office software development company.

Chang'an Huitong is the provincial state-owned capital operation company in the province approved by the provincial government.

Investment focus

Semiconductor, Virtual Reality, Service Industry
Series A, Series B
China

Portfolio highlights

ECHINT — ECHINT is a global advanced semiconductor packaging and testing services technology company that offers customers with one-stop packaging and testing services and solutions such as packaging design, chip packaging, and testing.
Feidie XR Technology — Feidie XR Technology help users quickly create XR content and multi-person interactive Metaverse applications without coding.

Shaanxi Tourism Group offers travel arrangement and reservation services in China.

Investment focus

Virtual Reality, Enterprise Software
Series A
China

Portfolio highlights

Sineva — Sineva engages in R&D, manufacturing and sales of transfer robots, test robots, service robots and intelligent factory solutions.
Feidie XR Technology — Feidie XR Technology help users quickly create XR content and multi-person interactive Metaverse applications without coding.

Blue Ocean Capital offer asset management, investment management and consulting service.

Investment focus

E-Commerce, SaaS, Fashion
Angel, Seed, Series A
China, United States

Portfolio highlights

MYOMY — MYOMY is a selling online platform for pursues and bags made from leather and another luxuries components.
Signet Therapeutics — Signet Therapeutics is a biopharmaceutical startup focusing on developing innovative targeted cancer drugs using novel disease models.
Shenzhen Upward Cross-border Technology — Shenzhen Upward Cross-border Technology help users with one-stop cross-border e-commerce customer acquisition management system.

Dynamic Balance Investment is a core subsidiary of Jiangning Technology Venture Capital , it focuses on investments in the biomedical, TMT, clean energy and new material industries.

Investment focus

Health Care, Manufacturing, Biotechnology
Series A, Angel, Seed
China

Portfolio highlights

Sunpower Group — Sunpower Group is an enterprise driven by green investment, based and supported by manufacturing and engineering services, and driven by R&D and innovation. Sunpower Group is headquartered in Nanjing, Jiangning.
Zhuoyi Zhineng — Zhuoyi Zhineng is a UAV system developer company.
Changxiang Medical — Changxiang Medical is a brain disease and brain science product solution provider.

Infore Capital is an integrated asset management company.

Investment focus

Information Technology, Artificial Intelligence, Apps
Series B, Series A, Funding Round
China

Portfolio highlights

Polly Polymer — Polly Polymer is a manufacturer of 3D printing terminals. They are engaged in the research and development of dental and medical polymer materials and 3D printing for sports equipment, medical devices, consumer electronics, automobiles, and other industries, enabling clients to shorten the research and development cycle and reduce costs. PollyPolymer, with its superior materials and large-scale 3D printing production, has become a catalyst for corporate digital intelligent manufacturing transformation, upgrading, and innovation.
Feidie XR Technology — Feidie XR Technology help users quickly create XR content and multi-person interactive Metaverse applications without coding.
Guangxing Technology — Guangxing Technology is a die-casting mold manufacturer specializing in engine blocks, transmission housings, flywheel housings, clutches, gearboxes, and other products used in ladders, automobiles, motorcycles, and other industries.

Chengwei Ventures is a venture capital firm.

Investment focus

Software, Internet, Manufacturing
Series A, Series B, Seed
China, United States, Germany

Portfolio highlights

MEDSINGLONG — MEDSINGLONG is engaged in the medical equipment supply chain business.
Noshi Robotics — Noshi Robotics is a company that manufactures planetary roller screws and associated actuator modules.It specializes in the design, fabrication, and manufacture of planetary roller screws and associated actuator modules.
Tesseract Medical Research — Tesseract Medical Research is a biotechnology and medical sciences business focused on delivering nutrition to meet unmet needs.

Weed Ventures

Investment focus

Software, Artificial Intelligence, Internet
Series A, Seed, Angel
China

Portfolio highlights

Hyseim — Hyseim addresses the new computing needs caused by the integration of smart car electronics and AIOT industrial scenarios.
Ensonic — Ensonic is an explorer of acoustic detection AI technology in the industrial application field.
Falcon Technology — Falcon Technology builds consumer-grade AR ecosystem and provides users with high-quality AR products and services.

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

Investment focus

Software, E-Commerce, Artificial Intelligence
Series B, Series A, Series C
China, United States, Spain

Portfolio highlights

Legendsemi — Legendsemi focuses on the development and design of high-performance analog and mixed-signal chips.
Minghao Technology — Minghao Technology is a comprehensive solution provider for optometry.
Unisun Energy Group — Unisun Energy is a globalized photovoltaic technology solution provider, Unisun's eminent services rely on its effecient cost control, professional technology team, abundant project and financial resources, front-edge data analysis and reassuring O&M.

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

Investment focus

Manufacturing, Electronics, Semiconductor
Series A, Series B, Funding Round
China, Hong Kong, United States

Portfolio highlights

Arthur Pharmaceuticals — Arthur Pharmaceuticals is a high-tech innovative pharmaceutical manufacturer.
Quail Fire Optoelectronics — Quailhuo Photovoltaic is a provider of solar power generation technology, specializing in the design and development of perovskite photovoltaic materials and battery component preparation technology.
Suzhou Shensai New Materials — Suzhou Shensai New Materials manufacturers environmentally friendly clean foaming materials and other lightweight materials.

SAIF Partners is a leading private equity firm that provides growth capital to companies in Asia.Our primary areas of focus include Information Technology, Internet, Mobile, Consumer Products and Services, Healthcare, Cleantech, Education, Modern Agriculture, Financial Services & Manufacturing.SAIF Partners was founded in 2001 andcurrently manages over $4 billion in capital. With over 100 investments since its inception, SAIF has become one of the largest and most active funds in the region. SAIF is a long-term investor with local teams in Hong Kong, China, and India.

Investment focus

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

Portfolio highlights

Jeejio — Jeejio develops AI-based processors for applications on IoT-enabled devices and solutions. In addition, it develops intelligent operating systems for the chips that enable the developers to program the latter.
Passion Intelligence — Passion Intelligence is a provider of intelligent warehousing and logistics solutions, focusing on intelligent manufacturing, with technological innovation and service as the core, leading industrial interconnection. Passion is committed to providing customers with overall solutions for smart manufacturing. The products and services providedinclude smart warehousing equipment, smart logistics equipment, industrial software, IoT terminal equipment, and total system integration, involving 3C, automotive, military electronics, home appliances and other businesses field.
Reconova Technologies — Reconova is a leading artificial intelligence company in China, which focuses on providing cutting-edge visual perception total solutions. Dedicated to the research of innovative computer vision and machine learning technologies, Reconova possesses a significant amount of core technologies in those fields. The core product development team of thecompany is mainly from Huawei with outstanding end-to-end product design and delivery capabilities. In smart retail, smart home, and intelligent security markets, Reconova has all achieved scale production and application. Reconova is the strategic partner of many well-known companies including Alibaba, JD, Midea, Xiaomi, Huawei, Anta, Wanda, Focus Media, and so on.

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Artificial intelligence