Top 50 Fashion Startup Investors in China in November 2024

Investor	Fashion China investments
ZhenFund	8
IDG Capital	7
PreAngel	5
BAI capital	5
HongShan	4
Crystal Stream Capital	4
K2VC	3
NewMargin Ventures	3
Eastern Bell Capital	3
Zhencheng Capital	3
DCM Ventures	3
Legend Capital	3
01vc	3
SIG China (SIG Asia Investments)	3
Shunwei Capital	3
GSR Ventures	3
DT Capital Partners	3
Vision Plus Capital	3
Magic Capital	3
Plum Ventures	3
Zero2IPO Ventures	3
BlueRun Ventures	3
Capital Today	3
Ceyuan Ventures	2
CMC Capital Group	2
Hejun Capital	2
UnityVC	2
Share Capital	2
Frees Fund	2
China Growth Capital \| CGC	2
Gaorong Capital	2
Scrum Ventures	2
Fosun International	2
Zehou Touzi	2
Panda Capital	2
ZSVC	2
Partech	2
N5Capital	2
Linear Venture	2
SV Tech Ventures	2
SZHTI Group	2
5Y Capital	2
Qicheng Ziben	2
Peeli Ventures	2
Weipinhui	2
Empower Investment	2
Fosun RZ Capital	2
Tiantu Capital	2
Sequoia Capital	2
Cyanhill Capital	2

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

UXLINK — UXLINK is a social infrastructure comprised of social protocols and a collection of Dapps.UXLINk creates groundbreaking landing sceneries for web3 groups.
MioTech — MioTech is an artificial intelligence platform that empowers investment managers to better serve their clients in a world of complex data. By integrating and analyzing data from all types of sources, MioTech streamlines the entire investment process, creating an ultimate data-driven investing experience. MioTech has offices in Shanghai and HongKong.MioTech is backed by Horizons Ventures, ZhenFund, and prestigious individual investors around the world.
Yi'an Holdings — Yi'an Holdings is a financial services company that provides one-stop investment banking services to small and medium-sized companies.

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

Xunlu AI — Xunlu AI is an innovative startup that focuses on the development of AI-powered customer service technologies. Xunlu AI provides AI intelligent customer service and sales robots to businesses in a variety of industries via highly tailored AI solutions, assisting businesses in achieving their goals of cost reduction and increased productivity.
B² Network — B² Network is a Bitcoin Layer 2 network that utilizes ZK rollup and on-chain logical gate commitment verification mechanisms. It is a supplementary network that runs on top of the Bitcoin Network. It also introduces smart contracts to Bitcoin, which could open up new possibilities for DeFi, NFTs, and derivatives.
Party Icons — Party Icons is a web3 mobile gaming platform. Its mission is to blend the social glue of party games with the intensity of extraction shooters.

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.

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

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.

Investment focus

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

Portfolio highlights

VITURE — Making the parallel possible...
RM Group — RM Group is a creator of derivatives and technologies related to digital humans.
Galactic Holdings — Galactic Holdings offers a series of digital finance products.

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

Dongchedi — The company's platform users interests and hobbies and automatically recommends content, information, and vehicle quotations related to new cars and used cars, providing users with knowledge and car industry information.
XellSmart — Xellsmart develops stem cell treatment solutions for a variety of degenerative diseases for which there are now no clinical treatments. Xellsmart is located in Minhang District, Shanghai, China.
RD Technologies — RD Wallet is a licenced Stored Value Facility in Hong Kong. It is the first business-focused, multiple-currency mobile wallet. RD Wallet offers deposits, local and cross-border payments and foreign exchange services for businesses.

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

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.

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.

Investment focus

E-Commerce, Manufacturing, Health Care
Series A, Seed, Angel
China, United States, Japan

Portfolio highlights

Zhishenhexing — Zhishenhexing is a company that specializes in the manufacture of novel energy equipment. Zhishenhexing has launched its first highly intelligent new energy "Cybertractor" brand pure electric tractor, which can be equipped with the "Cybertractor" AI automatic driving system, allowing for unmanned driving functions in fieldoperations, and has reached strategic cooperation agreements with a number of customers.
LTZ Therapeutics — LTZ develops novel immunotherapies to treat patients that suffer from cancer and other diseases with an unmet clinical need.
Ligu Renewable Energy — Ligu Renewable Energy is a renewable energy company that provides organic liquid hydrogen storage, transportation, and renewable solutions.

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.

Investment focus

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

Portfolio highlights

ZS Robotics — ZS Robotics specializes in technological innovation and the provision of dependable intelligent storage products and solutions.
Guorun Energy Storage — Guorun Energy Storage is an enterprise focusing on the manufacture of all-vanadium flow battery equipment and the production of core diaphragm materials for flow batteries, electrolyzed water for hydrogen production and hydrogen fuel cells. The two core products are all-vanadium flow energy storage battery products and perfluorinated ion membrane.
Powernice Intelligent Technology — Powernice is a high-tech company that specializes in the development and production of high-precision intelligent actuators and equipment.

Eastern Bell Capital, established in 2010, is an ecosystem-based fund focused on "improving industry efficiency with supply chain as its core competence". The investment areas we focus on include logistics, supply chain, retail & brand, data technology, etc. Through years of hard work, Eastern Bell Capital has built an empoweringeco-resource system with deep knowledge and insight into circulation efficiency.

Investment focus

E-Commerce, Manufacturing, Logistics
Series A, Series B, Series C
China, Hong Kong, Singapore

Portfolio highlights

FXiaoKe — FXiaoKe designs a cloud-based sales management platform that provides management tools for Chinese companies. Its platform provides services related to field operation management, distribution chain management and customer relationship management, enabling small and medium-sized enterprises to manage their sales through a social interactionplatform that combines features of dynamic CRM and enterprise WeChat. FXiaoKe develops enterprise software solutions. It offers online office automation services including sharing information between personal computers and smart phones. It also provides customer management services. Luo Xu founded FXiaoKe in December 2011, with its headquarters in Beijing, China.
Sunshine Hydrogen — Sunshine Hydrogen designs and manufactures its own PWM hydrogen production power supply.
Xinwanxing Composites — Xinwanxing Composites is a private enterprise specializing in composite materials production, the company aims to be the scientifically advanced composite manufacturer with a strong R&D, manufacturing capabilities, and key composite technologies, Xinwanxing provides composite products for various industries, including aviation, energy,automotive, transportation, medical equipment, and sports articles.

Zhencheng Capital invests in early/early-growth stage, including Advanced Technology/ AI.

Investment focus

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

Portfolio highlights

Shuyun — Shuyun is a provider of digital marketing software products and services.
Xiaoge — Xiaoge Smart is a cutting-edge technology company that combines R&D, manufacturing, sales, and online and offline after-sales support for smart kitchen equipment for restaurants. It employs Internet of Things technology to enable the intelligent update of restaurant kitchens and to provide intelligent restaurant kitchen solutions.
HISINGY — Xingqi World HISINGY is a trendy drone brand. The company has three brands, "Xingqi World HISINGY" (UAV entertainment trendy play), "Xingqi Lab SGLRT" (Maker Education), "TCKFILMS" (Special drone video shooting/product). The goal of Xingqi World is to create an "entertainment ecology that spans virtual andreality", and uses technical elements such as drones, games, mixed reality, and metaverse to create a future technology trendy brand.

DCM Ventures assists entrepreneurs in building companies that will change how institutions and people use and live with technology.DCM Ventures focuses on the size of its team, the money they raise, and the investments they make all so that it can focus on the business of helping portfolio companies succeed. Collectively, the DCM investingpartners have over a century of investing and operational experience and each DCM partner has experience building hyper-growth startups into billion-dollar businesses.DCM Ventures manages ten funds totaling $4.0 billion and has made investments in more than 400 technology companies across the United States and Asia. With offices in Silicon Valley, Beijing, and Tokyo, DCM provides hands-on operational guidance and a vast network of global business and financial resources to its portfolio companies.

Investment focus

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

Portfolio highlights

UJET — At UJET we are redefining customer experience with our cloud contact center platform.
Newmo — newmo delivers sustainable local public transportation create a user experience (UX) that people may utilize with peace of mind and comfort.
Route-D — Route-D is an operation management app that improves operating income and expenditures and manages logistics operations.

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

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

Portfolio highlights

Zhipu AI — Zhipu AI combines large-scale knowledge map built by itself to form a two-wheel-driven artificial intelligence framework through R&D.
Ensurge Medical — Ensurge Medical is a medical equipment developer, specializing in research, development, production, and sales of intelligent medical products like surgical energy instruments and ultrasonic scalpels.
Xellar Biosystems — Xellar Biosystems is a wet artificial intelligence biotechnology company that provides analysis of drug testing and treatment.

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, Logistics, B2B
Series A, Angel, Seed
China, Hong Kong, United States

Portfolio highlights

Tymo — TYMO is a company specializing in developing hair styling tools. TYMO brand gets well known since 2019, through the exposure of its famous straightening brushes among social media influencers. TYMO offers best products at affordable price. Worldwide shipping service is available.
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.
Hezhong Enterprise Cloud — Hezhong Enterprise Cloud offers digital working capital solutions for enterprises. They use proprietary algorithms to create a reasonable market pricing model, improve capital flow efficiency, and achieve a win-win situation for both parties.

SIG's China venture capital and private equity activities are operated through SIG Asia Investments, LLLP (SAI) and its wholly foreign owned enterprise (WFOE) based in Shanghai with a branch office in Beijing. The SIG China team seeks to commit the firm’s capital to venture capital and private equity investments in China.SAI is a member ofthe Susquehanna International Group of companies (SIG), which has evolved over the past 20+years into a leading financial institution focusing on trading and market making, institutional sales and research, private equity, and venture capital. With more than 1,400 employees across offices worldwide, SIG’s professionals develop ideas in an entrepreneurial environment, taking full advantage of SIG’s cutting edge technology and quantitative research.SIG is committed to expanding its global businesses in China. As part of that effort SAI has been mandated to commit SIG's proprietary capital in VC and PE investments in companies operating in the PRC.

Investment focus

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

Portfolio highlights

Insgeek — Insgeek is a one-stop service platform for corporate employee welfare insurance and health management. It is committed to providing intelligent employee benefits insurance and health management solutions through technological innovation. It integrates the products of various insurance companies, covering accidents, female births, and criticalillnesses, and provide a variety of cost-effective protection combinations.Founded in 2014, the company is headquartered in Beijing, China and currently has branches in Shanghai, Guangzhou, Wuhan, Xi'an, and other places, covering the whole country.
RapidBox — Rapidbox is ecommerce website for footwear and fashion accessories
Enjoy Shop — Enjoy Shop is a franchise chain one-stop collaboration empowerment platform to help brands improve the efficiency of franchise management.

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.Shunwei Capital is a China-based company that was founded in 2011 by Tuck Lye Koh and Lei Jun.

Investment focus

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

Portfolio highlights

Mihuo Intelligence — Mihuo Smart is a smart-home and appliance firm.
Xingmai Innovation — Xingmai Innovation creates, develops, and sells intelligent swimming pool cleaning robots.
Zhuling Technology — Zhuling Technology is a robotics company that specializes in construction robot machines and core hardware and technology solutions.

GSR Ventures is a venture capital firm focused on technology companies developing AI-enabled enterprise software, consumer platforms, and healthcare technology.The firm backs entrepreneurs building disruptive businesses that have the potential to dominate multi-billion dollar markets. GSR Ventures currently manages about $3 billion across itsfunds.

Investment focus

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

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.
Monad — Monad brings true performance as a new EVM L1 blockchain. Fast, powerful, efficient. Built for developers.
Ferrum Health — Ferrum Health is a developer of an enterprise IT and AI patient safety platform for health systems. Ferrum Health provides an artificial intelligence (AI) technology platform for health system executives to prevent medical errors across their patient population, serving as a safety net that uses AI algorithms to assist quality teams in the peerreview of radiology studies.

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.

Investment focus

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

Portfolio highlights

Sincetrue — Sincetrue is an enterprise specializing in hydrogen energy technology, offering water electrolysis, hydrogen drying, and purification solutions, with patented technologies for efficient drying and stable purification.
Worg Pharmaceuticals — Worg Pharmaceuticals is a clinical stage biopharmaceutical company developing new treatments for allergy and other diseases.
Next Generation Gene Therapeutics — Next Generation Gene Therapeutics is a healthcare company that engages in the research and development of gene therapy. Its unique propriety technology of "one target and two bullets" can provide effective treatment for a variety of genetic diseases that currently have few therapeutic methods in the world.NGGT was founded in March 2020by senior scientists and entrepreneurs in the field of gene therapy. It is committed to becoming the world's leading gene therapy company with international influence. The company has successful experience in the whole industry chain, concerning the early development of gene therapy products, the large-scale production of viral vectors, the construction of quality standards, international multi-center clinical research, and the application for the marketing of gene therapy products.

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.

Investment focus

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

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.
Biostate AI — Biostate AI is a startup with a mission to develop generative AI that can benefit all of human health.
Hengdao Technology — Hengdao Technology focuses on precision hot runner technology research and production for injection molds, aiming to become a domestic manufacturer of hot runner systems and components.

Magic Capital is an investment firm focused on supporting Chinese Internet companies. The company's founders are working cross a broad range of sectors, from education to media to healthcare to SaaS to AI to e-commerce to game to social networking service.

Investment focus

Apps, Education, Internet
Series A, Angel, Seed
China, United States, Hong Kong

Portfolio highlights

Noematrix — Noematrix is an embodied intelligence company that specializes in innovative general robotic intelligence solutions and services.
Weiming Smart — Weiming Smart is a technology company focused on machining intelligent manufacturing.The company is deeply involved in the precision processing industry, creatively integrating production management software and Internet platform technology into production management, building a comprehensive data information system on the production sitethrough equipment networking and data collection, and combining sensors, edge computing, cloud computing, and other technologies.
Grand Voyage Holdings — A Globe Online Shopping Marketplace/ Known as Frissonlife

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.

Investment focus

Software, E-Commerce, Internet
Series A, Angel, Seed
China, United States, Japan

Portfolio highlights

Huimaiche — Huimaiche is a company that provides full-chain solutions for new retail in the automotive industry. It is an Internet-based high-tech company that combines online system development, brand management, full-brand automobile sales, aftermarket integration, and new retail in life.
Jingyu Sake — Jingyu Sake is a sake brewing provider that specializes on the research, development, and application of strains and rice grinding technologies, with a commitment to the resuscitation of Chinese sake brands.
Titanium Robotics Technology — Titanium Robotics Technology specializing in the development and production of advanced robot hardware and solutions. It focuses on customized services, R&D, and production of robot hardware, aiming to create high-performance, industry standard products, develops lightweight, collaborative robots, humanoid robots, and exoskeletons, leading thesupply chain towards lightweight, miniaturization, and ease of use.

Zero2IPO Ventures is the venture investment arm under Zero2IPO Group targeted at high-potential, high-growth China enterprises. Leveraging Zero2IPO's vast network in China, Zero2IPO Ventures does not compete with other venture funds, but rather pursue a two-prong investment strategy, i.e. to co-invest with active venture capital firms ingrowth and late stage companies and to lead or co-lead in early stage startups in China. The industry focus includes Internet, mobile and wireless applications, digital media, healthcare, green-tech, consumable products and services, as well as other emerging sectors. We intend to leverage the extensive network that has been created by Zero2IPO Group, a leading venture capital and private equity market research and financial advisory company, to seek out potential investment opportunities and provide a strong value-add to our portfolio companies. Through its venture capital and private equity surveys, investment forums, training programs, and investment advisory services, Zero2IPO Group has developed a strong reputation in the China market for helping entrepreneurs connect with investors.

Investment focus

E-Commerce, Internet, Education
Series A, Series B, Angel
China, India, Taiwan

Portfolio highlights

AlpsenTek — AlpsenTek is a company engaged in the research and development of machine vision sensors and algorithms.
HanchorBio — HanchorBio is a Biotechnology Research firm that is working to revolutionize the treatment of people with cancer.
Reistone Biopharma — Reistone Biopharma is a clinical stage biopharmaceutical company. It is focused on rapidly developing innovative medicines through global collaborations within Research and Development

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

Portfolio highlights

VITURE — Making the parallel possible...
Luying Technology — Luying Technology is an AIGC visual big model start-up with a revolutionary LCM technology at its foundation.
Zhuling Technology — Zhuling Technology is a robotics company that specializes in construction robot machines and core hardware and technology solutions.

Capital Today manages dedicated China country funds of USD2.5 billion. It is one of the first independent private equity firms in China. Founded by Kathy Xu in 2005, Capital Today is committed to provide growth capital to small and medium-sized Chinese companies and helps them build sustainable businesses and No.1 brands in China. CapitalToday's investment theme is to capture opportunities with the booming Chinese middle class and their changing life styles. Capital Today has a focused and disciplined strategy and hands-on approach. It is dedicated to help the Chinese entrepreneurs build KPI, Culture and No.1 brands (Capital Today's "3 Weapons"). Capital Today is a strong believer of long term investment and tends to hold the investment for many years. Capital Today has been focused on Consumer. Retail & Internet Sector. Their Portfolios IncludeJD.com, Youku Tudou.com, Ganji.com, Dianping.com, Three Squirrels online snack food brand, Yifeng Pharmacy Chain, Cosrno Lady Underwear Chain, Nuts Snack Food Chain, BiFengTang Quick Service Restaurant, Tsui Wah Restaurant Chain, etc.

Investment focus

E-Commerce, Food and Beverage, Internet
Series A, Series B, Series C
China, United States

Portfolio highlights

Sand AI — Sand AI is an AI company that focuses on producing videos.
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.
Moonshot AI — Dark Side of the Moon is an AI large-scale model company.

Ceyuan Ventures is a Beijing-based early stage venture capital firm focused on IT and emerging growth companies. They emphasize backing great teams, technology and business innovation. Their mission is to assist entrepreneurs in creating and building world-class businesses.

Investment focus

Software, Internet, E-Commerce
Series A, Series B, Angel
China, United States, Singapore

Portfolio highlights

Ruidiwei — Ruidiwei is a tech enterprise that specializes in the design, development, production, sales, and service of antennas and components in microwave and millimeter-wave frequency bands.
Qinglei Technology — Qinglei Technology is a radar sensing technology startup.
Siyue Intelligence — Siyue Intelligence produces software and hardware for TFT-LCD semiconductor automation. It integrates R&D, design, production, and service, and is committed to providing fully automated warehousing robot systems, and intelligent detection.

CMC Capital Group is China's first media sector focused on the alternative investment management company. CMC is dedicated to media investments both in China and the International market. In April 2009, CMC was registered and approved by China's National Development and Reform Commission with RMB 5 billion in assets under management.CMC is uniquely positioned to capitalize on the growth and development of China's media sector as well as international investment opportunities. CMC will target media assets with consistent cash flow, strong market position, well-established branding, and high future growth potential.The firm is focused on growth capital, corporate restructuring, and MBO/privatization financing opportunities; targeting companies with enterprise value between RMB 300 million to 2 billion. Their equity investment size ranges between RMB 140 million to 480 million. With their strong and unique investor base, they are also able to lead or participate in large buyout transactions in excess of RMB 6 billion.CMC Capital Group is formerly known as China Media Capital.

Investment focus

E-Commerce, Apps, Education
Series B, Series C, Series D
China, United States

Portfolio highlights

M Stand — M Stand is a trendy coffee chain brand that offers a fusion of creative special notes and boutique coffee, enriching the body feeling of a cup of boutique coffee with aesthetic design, and insisting on building a diverse and beautiful space experience field with "one store, one design". It was founded in 2017 and is based in Shanghai,China.
Cyclone Robotics — Hongsheng Information Technology Co., Ltd. is committed to building the strongest digital employee software products in China, providing enterprises with digital labor with artificial intelligence, which helps enterprises improve business operation efficiency and quality, and significantly reduce personnel costs and system construction costs. Thecompany's main business is to develop and sell artificial intelligence software products with independent copyright and intellectual property rights - digital employees, and provide industry integrated solutions for industry users. In the fields of finance, insurance, retail, medical, science and technology, Hongsheng Information is the first company in China to launch industry solutions based on “digital employee” products, and these programs are in a large state-owned bank, a foreign-owned home appliance company, and some Listed technology companies, a car retail leader have been practiced and applied, and won the general praise of customers.
Wison Heavy Industry — Wison Heavy Industry is an offshore engineering company that provides clean energy technology, marine engineering, and equipment manufacturing.It is a subsidiary of Wison Offshore Engineering.

Hejun Capital is a private equity and venture capital firm.

Investment focus

Food and Beverage, Information Technology, E-Commerce
Angel, Series A, Series B
China

Portfolio highlights

Kitchen core — Chu Xin was founded in 2016 to focus on the intelligence of the kitchen, and is dedicated to building a clean and hygienic kitchen brand for the restaurant chain.The intelligent dishwasher can complete the cleaning, disinfection and drying process in one minute.The core of the kitchen core smart dishwasher is "technology-driven + machinenetworking", by introducing artificial intelligence and data monitoring into the tableware cleaning scene Distinguish a single inefficient dishwashing process for manual dishwashing, and integrate "high-pressure stain removal, three-dimensional washing, intelligent temperature sterilization, and full-dimensional drying" into one linkComplete the cleaning, sterilization and drying process in one minute, and the tableware is washed and used immediately, which greatly improves efficiency and ensures cleanliness and hygiene. At the same time, distinguishing traditional dishwashers, the kitchen core applies cutting-edge Internet of Things and big data technologies to continuously improve the standard and experience of smart cleaning services.
Yunwujie — Yunwujie is a provider of trading platform and SaaS management. It focuses on cross-border e-commerce logistics industry, provide trading platform + SaaS management.
Shishilian — Shishilian provides agricultural products such as mushrooms, vegetables, meat, fish, flowers, fruit, grains, tea, coffee, seafood, and alcoholic beverages.

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

E-Commerce, Artificial Intelligence, Information Technology
Angel, Series A, Seed
China, United States, Hong Kong

Portfolio highlights

Liangjiang — Liangjiang is an AI manufacturer of high-precision equipment. Its main activity is the production of non-standard (super) precision core components, and it is dedicated to using AI technology to solve process development issues.
Xingzhe AI — Xingzhe AI focuses on the research and application of artificial intelligence in the field of games.
Guangzhou Daopulse Energy — Guangzhou Daopulse Energy is dedicated to the research and development and manufacturing of batteries and energy storage equipment, as well as the creation of an energy ecosystem and the resolution of energy and environmental challenges. Daopulse strives to provide its clients with delightful experiences by providing quality products and competentservices.

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.

Investment focus

Medical, Health Care, Biotechnology
Series A, Series B, Angel
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.

By adopting revolutionary mechanisms, FREES FUND is devoted to change the long-established rules in the venture capital. By leveraging the cutting-edge technologies and resources, FREES FUND aims at investing in great startups and helping them grow into great enterprises that are valuable to our society. We mainly invest in early-stagestartups, and hope to become their first-round institutional investor. Our primary interested areas are broad-sense TMT (Technology, Media, Telecom), B2B and deep technology.

Investment focus

Artificial Intelligence, Medical, Biotechnology
Series A, Seed, Angel
China, United States, Singapore

Portfolio highlights

XellSmart — Xellsmart develops stem cell treatment solutions for a variety of degenerative diseases for which there are now no clinical treatments. Xellsmart is located in Minhang District, Shanghai, China.
Dezao Technology — Dezao Technology is an e-commerce transaction provider, mostly involved in the sales of electronic products, mobile phones, and mobile phone accessories.
Molar Intelligence — Molar Intelligence is a professional artificial intelligence data service provider.

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.

Investment focus

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

Portfolio highlights

CYGNUSEMI — Cygnus Semi is a semiconductor chip technology company that focuses on 5G IoT applications.
Hangke New Materials — Hangke New Materials is a manufacturer of high-end metal microsphere materials that involves research and development.
Xinsheng Semiconductor — Xinsheng Semiconductor is a semiconductor and discrete device manufacturing company. They provide research, development, and sales of acoustic filters and RF front-end module products. They provide products such as filters, duplexers, multiplexers, and modules below 6 GHz. They also provide technical services.

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

Investment focus

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

Portfolio highlights

Dongchedi — The company's platform users interests and hobbies and automatically recommends content, information, and vehicle quotations related to new cars and used cars, providing users with knowledge and car industry information.
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.
Moonshot AI — Dark Side of the Moon is an AI large-scale model company.

Scrum Ventures is an early-stage venture firm that has invested in over 80 startups across a range of industries in the U.S. and Japan. Based in San Francisco with extensive experience and networks in both Silicon Valley and Japan, Scrum Ventures accelerates portfolio companies with global opportunities. Scrum Studios is reinventing the traditional accelerator -- taking a stage-agnostic approach in connecting best-in-class startups with leading Japanese corporations.

Investment focus

Software, Information Technology, Health Care
Seed, Series A, Funding Round
United States, Japan, China

Portfolio highlights

Dr. Treat — Experience pet care at its best with exceptional personalized veterinary care at unsurpassed levels. After all, our companions are entitled to happier, healthier, and longer lives.
SUN METALON — Next Generation Sustainable Metal Manufacturing
Stellar Sleep — Stellar Sleep is a mobile app that helps you get better sleep using psychology. Stellar Sleep uses a combination of behavioral therapy, habit building social accountability, and gamification to create an enjoyable, yet clinically effective way for people to improve their sleep.

Fosun International Limited is a Hong Kong-based investment holding company engaged in financial, property, steel, and healthcare businesses. The Company has nine segments. Insurance operates and invests in insurance businesses. Investment is engaged in strategic investment, private equity investment, venture capital investment, and secondarymarket investment.Fosun International Limited was founded in 1992.

Investment focus

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

Portfolio highlights

Litecore — Litecore is a manufacturer of optoelectronic devices and processors for broadband, large data centers, and information security.
Xinglu Technology — Xinglu Technology is a one-stop ToB digital wealth management platform. It offers financial institution clients a complete line of financial products as well as standardized financial technology solutions.
Neurophth Therapeutics — Neurophth is China's first gene therapy company for ophthalmic diseases. As a clinical-stage company, Neurophth is dedicated to discovering and developing gene therapies for patients suffering from blindness and other eye diseases globally.

Zehou Touzi is an investment firm.

Investment focus

Fashion, E-Commerce, Apps
Angel, Series A
China

Portfolio highlights

Wahool — Wahool promotes social selling and digital commerce using paid campaigns, sponsored streams, and influencer marketing channels.
bimart.cn — bimart.cn is a financial technology company that focuses on commercial credit pricing and circulation.
nahuo.com — nahuo.com is an online portal for fashion and apparel.

Founded in 2015, Panda Capital is a new generation venture capital firm in China focused on early-stage businesses powered by innovative and disruptive technology.Panda Capital is a disciplined early-stage investor focused on companies from Angel to Series B stages and strive to become their first or the second institutional investor.We focus onfast-growing tech startups in areas including Data Driven AI Applications, Enterprise Services, Fintech, Logistics, Mobility & Transportation, and New Generation Consumer Trends.Our family of portfolio companies include: Mobike (Now as Meituan Bike), Atzuche, Mi-Me Financial, 1ziton, Intengine Technology, Xunyi (Antwork), Robot++, Aiwhale, Dr. White and Fulmz AI, etc. Panda Capital have received various awards including "2017 & 2018 China Venture Capital Firms Top 10" by Zero2IPO, “2017 China’s Best Venture Capital Firms Top 10” and “2017 China’s Best Return Venture Capital Firms Top 10” by China Venture, and “2017 China Venture Capital Firms in Sharing Economy Top 10” by 36Kr, etc.

Investment focus

Blockchain, Artificial Intelligence, Robotics
Seed, Series A, Angel
China, United States, Malta

Portfolio highlights

Blue Protein — Blue Protein is a biotechnology company that focuses on the research and development of animal feed or edible insects.
Theia Studios — Icons of Theia - a tactical turn based strategy game
Qiming Supply Chain — Qiming Supply Chain aims to empower brand owners and distributors, providing them with comprehensive services such as channel construction, system services, and logistics delivery. The main service categories are fast-moving consumer goods. The current coverage area includes East China, Northeast China, North China and other regions, and Continueto expand outwards and build itself into an omni-channel consumer goods distribution service provider in the whole country.

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

Investment focus

Manufacturing, Health Care, Medical
Series A, Series B, Angel
China, United States

Portfolio highlights

Fusionride — Fusionride offers smart mobility solutions, using sensor FUSION at the center of its perception technology. It focuses on independent research and development in smart driving technologies, including HPC hardware platforms, sensing, 4D-imaging radar, and fusion.
Hengding Materials — Hengding Materials is a manufacturer of hot isostatic pressing equipment for civilian usage. It offers cost-effective solutions for essential metal wear components in numerous industrial fields.
Aoshi Environmental — Aoshi Environmental specializes in high-performance reverse osmosis and nanofiltration membrane separation, the company offers products for various industries, including drinking water, food, and pharmaceuticals.

Partech is a global venture capital firm with offices in San Francisco, Paris, Berlin and Dakar. Partech invests in Internet and information technology startups at seed, venture and growth stages.

Investment focus

Software, E-Commerce, SaaS
Series A, Seed, Series B
United States, France, Germany

Portfolio highlights

Formality — Formality provides intelligent contract management services to manage legal documents.
La Solive — La Solive provides professional course training services. They offer courses for energy renovation, vocational training, professional retraining, ecological transition, professions of the future, and concrete professions.
Pydantic Services — The team behind Pydantic are build developer tools that put developers first.

N5Capital is a Beijing-based leading venture capital firm focusing on early stage investment in mobile internet. N5Capital is the only early stage USD venture fund in China specializing in mobile internet, big data and cloud’s disruptive convergence with consumer sectors. N5 believes these technologies are emerging to be the infrastructure ofproductivity growth and consumer behavior transformation. Founded in 2013 by Mr. Will Jiang and Mr. Weiguo Zhao, N5Capital is currently managing two RMB funds and one USD fund, with the total capital managed at $350 million USD. In 2016, N5Captial was awarded the Top 20 Early Stage Venture Capital Firm in China. The power of mobile disruption in the internet savvy Chinese population guarantees a strong investment potential. With more than 60 companies in its portfolio, N5Capital has represented some of the most leading-edge tech companies, including Talking Data, 360 Finance, Car 300, Hot & Hot, Viva Video, LGD, Ofashion and inMotion/SoloWheel. N5Capital has a unique GP team combination with a collective successful track record spanning from angel, early stage, and growth stage to corporate M&A with approximately 30 years combined investment experience. N5Capital analyzes in consumer sectors such as finance, retail, housing, automobile, travel among others and invests in start-ups that thrives on either build or leverage the underlying technology to disrupt or recreate the industry value chain . Through an expansive network, in-depth industry analysis and rigorous user behavior research, N5Capital is shifting the investment landscape for both start-ups and investors. For more information, visit www.n5capital.com.

Investment focus

E-Commerce, Internet, Gaming
Series A, Seed, Series B
China, United States, India

Portfolio highlights

Feiyu — Feiyu is an online purchasing platform for luxury trading bags.
Harmay — HARMAY is based on contemporary fashion and aesthetics, conveys the concept of beauty and beautiful life. Covering first well-known international cosmetics and skin care brands products, global unique boutiques, and HARMAY’s own products,
Zhongying Cross-border — Zhongying Cross-border is a cross-border e-commerce comprehensive service platform.

Linear Capital (Linear Venture) was founded by Jingdong, Lynx former executives and early Facebook employees Chuan Wang Huai, attention Pan smart, technology-driven big data early in the project area. Has invested horizon robot, Rokid, with shield, melting point, etc. more than 30 start-up team, and is trying to become China's best intelligentapplication data Fund (Applied-Data-Intelligence). Our existing limited partners from Asia's top hedge funds, but also from Alibaba, Tencent, Baidu, the public comment, go, people network, Facebook, Twitter, Linkedin and other well-known Internet company founders or executives and Xue Manzi, Mr Leung and other aspect of capital investment sector for decades veterans. We strive to use industry expertise and resources to help the investment company move fast and break fewer things, and ultimately the linear path and nonlinear growth.

Investment focus

Artificial Intelligence, Information Technology, Internet
Series A, Seed, Angel
China, Singapore, Hong Kong

Portfolio highlights

JINGdigital — JINGdigital is China's Leading Marketing Automation Platform. Since our founding in 2014, JINGdigital has been providing brands with digital marketing optimization solutions through our JINGsocial platform. The platform enables brands to better understand customers and empowers brands to create valuable personal connections at scale.
Mindverse — Create autonomous AI agents for your professional tasks. MindOS offers advanced AI solutions for a wide array of professional tasks. Let AI Work Like You.
Bizhen Technology — Bizhen Technology provides the creation, publishing and trading of 3D real-time interactive virtual spaces.

Empower Innovation for A Better Tomorrow.

Investment focus

Software, Health Care, Information Technology
Seed, Series A, Series B
United States, China

Portfolio highlights

LifeAt — Achieve more, feel better. Experience productivity and well-Being. Task management, To-do lists, Pomodoro timer, Virtual spaces, Co-working.
Artly Coffee — Artisan coffee meets artificial intelligence.
Truewind — Using AI to power bookkeeping & finance means less errors, more transparency, and faster monthly close

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

Investment focus

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

Portfolio highlights

Light Future — Light Future is a complete metal additive manufacturing solutions provider for the industrial market. It is dedicated to speeding up the global industrialization of metal additive manufacturing technology and focuses on all-inclusive solutions for industrial-grade metal additive manufacturing. This will enable additive manufacturing technology tobecome truly inclusive for industrial use.
Ruibo Automation — Ruibo Automation is a high-tech inventive firm that specializes in Press-Fit pin process automation equipment. It combines independent research and development, manufacturing, and sales.
Xiaoyao Technology — Xiaoyao Technology is an optoelectronic chip design automation.

5Y Capital is a firm engaged in providing early-stage venture investments. It was formerly known as Morningside Venture Capital.The investment firm manages USD 5bn in dual-currency funds in USD and RMB, backed by world-renowned sovereign wealth funds, family offices, fund of funds, university endowments, pensions, and foundations.It washeadquartered in Xuhui, Shanghai, China in 2008 by Ken Shi and Richard Liu.

Investment focus

Artificial Intelligence, Software, Biotechnology
Series A, Series B, Series C
China, United States, India

Portfolio highlights

Omi AI — Open-source AI wearables
ReviR Therapeutics — ReviR Therapeutics is a genomics-based platform that develops novel medicines targeting human RNAs.
Xinchen New Materials — Xinchen New Materials is a manufacturer of electrolyte lithium salts, which are utilized in battery electrolytes.

Qicheng Ziben is a venture capital, asset management, and investment consulting firm.

Investment focus

E-Commerce, Fashion, Film
Angel, Series A
China

Portfolio highlights

Luodedao — Luodedao is an internet cross-border e-commerce technology enterprise.
T She Dingzhi — T She Dingzhi is an online platform that enables users to design their T-shirts and sell them.
Youjiang Ketang — Youjiang Ketang is an online education platform in China that provides a comprehensive skill learning portal for the public.

Founded in early 2014, Peeli Ventures is an independent venture capital management consulting company focusing on investments in domestic consumer, education, TMT and fast-growing industries. They are committed to supporting aspiring entrepreneurs and are looking for highly competitive companies with great potential, which, combined with theproactive value-added services provided by Peeli Ventures, will have better development and together create an All-Win situation.

Investment focus

Internet, FinTech, Media and Entertainment
Series A, Seed, Angel
China, Switzerland, United States

Portfolio highlights

Taste Lab — TASTELAB Zurich: A love affair between cooking and science. Events, caterings and cooking apps.
Taste Lab — Taste Lab is an perator of a food brand intended to provide healthy snacks.
Xiaoshuo Digital Technology — Xiaoshuo Digital has accumulated a mature technology platform framework, including a variety of general business technology components and big data technology bases, to provide strong support for the digital transformation of enterprise credit sales management.

Weipinhui (formerly Vipshop) is a Chinese online discount retailer for brands.The company offers quality branded products to consumers throughout China at a significant discount from retail prices. Weipinhui has successfully created and proven that there is a third e-commerce model that can provide tremendous scale and profitability. By providingspecial offers and large discounts on branded products, the company has pioneered the online discount retail model in China.Weipinhui has approximately 4.9 million cumulative customers and partnerships with over 5,800 domestic and international brands.Weipinhui was founded in August 2008. The company raised $50 million in Series B from DCM and Sequoia Capital after securing 20 million in its Series A. On March 23, the company raised USD 72.64 million through its IPO.

Investment focus

E-Commerce, Fashion, Shopping
Angel, Series B, Series A
China, Thailand, United Kingdom

Portfolio highlights

Chaolian — Chaolian is an e-commerce platform that provides users with internet retail, wholesale trade, retail trade, and other services.
Rexing — Rexing is an outdoor functional clothing brand.
Etailor — Etailor is an online clothing brand that is committed to the introduction of European and American fit wear. It is a clothing service provider designated by many film and television organizations.Headquartered in Guangzhou, the center of the domestic apparel industry chain, it has a number of stores and central garment factories in Beijing,Shanghai, Guangzhou and Shenzhen. The team consists of senior red tailors and fashion designers with more than 20 years of experience. , Ping An Insurance underwriting, 30 days unconditional repair. Easy to change clothes is also the [Culture + Technology] project supported by the Propaganda Department of Guangdong Province. It is the only clothing company in China that realizes the central factory and ERP data management.

Empower Investment was founded in 2012 in Shanghai, China. Their investment covers early-stage ventures, mid-stage growth, and securities in the public market. With headquarters in Shanghai, the company established branch offices in Beijing, Shenzhen, Hangzhou and Chengdu. Empower Investment has invested in over 150 high-tech and high-growthcompanies on a global scale covering regions including China, U.S, India, South Korea, Vietnam and Hong Kong. Their portfolio companies include fast-growing industries such as internet, AI, big data, automation & robotics, financial technology, cultural creativity, advanced materials, and healthcare.The Empower team has extensive experience in both deep technologies and financial services including internet, computer science, electronic engineering, materials science, auditing and investment banking. Some team members were serial entrepreneurs. With candidness and empathy, the team is eager to find and partner with the most visionary, determined and down-to-earth entrepreneurs. It always brings great excitement and pleasure to build a bright future with them.

Investment focus

Information Technology, Artificial Intelligence, Health Care
Angel, Series A, Seed
China, United States, India

Portfolio highlights

Ykccn.com — Ykccn.com is a professional company that operates and replaces the operation and maintenance of new energy vehicles.
Hongpeng Airlines — Hongpeng Airlines is committed to developing, designing, and producing low-cost airplane engines.
Xunyuan Technology — Xunyuan Technology is a bio-refining and bio-manufacturing platform company based on non-grain carbon sources.

Fosun RZ Capital was founded in 2013 and headquartered in Beijing. As an affiliate of Fosun Group, RZ Capital is an independent fund with strategic resources, quickly establishing global footprints. The company invests in all the stages of a company’s development from the early start- Up to IPO. The firm has over 100 portfolio companies in China,with about $1.2 billion in assets under management, with investments in India, Israel, China, Southeast Asia, and the United States. Focuses on investing in science and technology innovation, and connecting global momentum to global resources.

Investment focus

E-Commerce, Software, Information Technology
Series A, Series B, Seed
China, United States, India

Portfolio highlights

UniUni — Explore our shipping Universe. Our mission is to be your first-choice for last-mile delivery.
Aiper — Aiper leads the way in cordless robotic pool cleaning and drives advances in automated maintenance, smart technology, and user convenience.
Menhai Microelectronics — Menhai Microelectronics is an integrated circuit design company engaged in the R&D and sales of MCU/SOC chips.

Tiantu Capital is a venture capital association.

Investment focus

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

Portfolio highlights

EVENTEC — EVENTEC is a service robot system solution provider.
Leman Biotech — Leman Biotech is a biotech company that is engaged in development of cancer immunotherapies.
Xellar Biosystems — Xellar Biosystems is a wet artificial intelligence biotechnology company that provides analysis of drug testing and treatment.

We help the daring build legendary companies.

Investment focus

Software, Information Technology, Enterprise Software
Series B, Series A, Series C
United States, China, India

Portfolio highlights

Tola — Tola offers a simple and easy way for businesses to pay and get paid, however and whenever they want. Sign up today!
Stem Lingo — LINGO coding kits are designed to teach youth aged 13+ about the fundamentals of hardware and software design.
Decart — Decart is an AI platform significantly improves the training and inference of large generative models.

Cyanhill Capital is an early stage investment firm focusing on consumer sector. We aim to discover quality seed-stage startups in the consumer sector. Portfolio companies include Zhaoliangji, pidan, REFLOWER, bosie, LANDBASE, UCOMMUNE, Benlai, X Financial (NYSE: XYF), UISEE, etc. By adopting scientific approach to investing and focusing on consumersector, we uphold the vision of being an “investor in better life” and will partner with the entrepreneurs of China’s new economy.

Investment focus

E-Commerce, Software, Food and Beverage
Seed, Angel, Series A
China, Germany

Portfolio highlights

cheespirit — cheespirit is a cheese and dairy product brand that focuses on R&D and cheese production.
Slow Sugar Home — Slow Sugar Home is a health technology service provider.
Red-crowned crane study abroad — Red-crowned crane study abroad is a full-chain study abroad product and service provider.