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Top 50 Hardware VC Funds & Investors in Hong Kong (August 2026)

The most active venture capital funds investing in Hong Kong Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Hong Kong Hardware startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Alibaba Entrepreneurs Fund
VC Fund
7 Hong Kong, Taiwan, United States Series A, Seed, Series B Software, E-Commerce, Artificial Intelligence $1.2M–$150M
SOSV
VC Fund
6 United States, India, United Kingdom Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software
Kenetic
VC Fund
5 United States, Singapore, Hong Kong Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.5M–$30M
Innovation and Technology Venture Fund
VC Fund
5 Hong Kong, China, Singapore Series A, Seed, Series B Information Technology, Software, FinTech $250k–$150M
Animoca Brands
VC Fund
4 United States, United Kingdom, Singapore Seed, Series A Blockchain, Gaming, Cryptocurrency $1.5M–$40M
Particle Accelerator Limited (ParticleX)
VC Fund
4 Hong Kong, United States, Taiwan Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $430k–$11M
Fresco Capital
VC Fund
4 United States, Hong Kong, China Seed, Series A Software, Education, SaaS $500k–$15M
Qiming Venture Partners
VC Fund
4 China, United States, Hong Kong Series B, Series A, Series C Health Care, Biotechnology, Medical $5M–$134M
Radiant Venture Capital
VC Fund
3 Hong Kong, China, United States Seed, Series A, Angel Internet of Things, Information Technology, Big Data $300k–$5M
Transcend Capital Partners
VC Fund
3 Hong Kong, United States Series A, Seed Apps, FinTech, Big Data $2.5M–$19M
Vectr
VC Fund
3 United States, Hong Kong, Singapore Seed, Series A, Series B FinTech, Financial Services, Artificial Intelligence $950k–$70M
Artesian VC
VC Fund
3 Australia, United States, Hong Kong Seed, Series A, Pre-Seed Software, Artificial Intelligence, Health Care $70k–$15M
Enterprise Singapore
VC Fund
3 Singapore, United States, United Kingdom Grant, Seed, Pre-Seed Information Technology, Software, Artificial Intelligence $17k–$1.8M
Seeds Capital
VC Fund
3 Singapore, United States, Hong Kong Seed, Series A, Series B Biotechnology, Artificial Intelligence, Health Care $767k–$45M
DCM Ventures
VC Fund
3 United States, China, Japan Series A, Series B, Series C Software, Internet, E-Commerce $4.3M–$134M
ZhenFund
VC Fund
3 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Software, E-Commerce $425k–$23M
AEF Greater Bay Area Fund
VC Fund
3 Hong Kong, China, Macao Series A, Seed, Series B Artificial Intelligence, Life Science, Biotechnology $2.5M–$28M
Blackbird Ventures
VC Fund
2 Australia, United States, New Zealand Seed, Series A, Pre-Seed Software, Artificial Intelligence, SaaS $34k–$35M
Forebright Capital
VC Fund
2 China, United States, Hong Kong Series A, Series B, Series C Manufacturing, Software, Automotive $10M–$464M
QBN Capital
VC Fund
2 United Kingdom, Hong Kong, United States Series A, Seed, Series B Financial Services, Software, FinTech $1.3M–$88M
Seveno Capital
VC Fund
2 Japan, Hong Kong, United Kingdom Seed, Pre-Seed, Venture - Series Unknown Sensor, Travel, Wearables
ROBO Global
VC Fund
2 United States, Austria, Hong Kong Series C, Seed, Series A Artificial Intelligence, Robotics, Software $1.8M–$73M
Primeblock Ventures
VC Fund
2 United States, Spain, Estonia Seed, Venture - Series Unknown, Pre-Seed Blockchain, Cryptocurrency, Financial Services $2M–$7M
Wistron Corporation
VC Fund
2 United States, Taiwan, Hong Kong Series A, Seed, Series B Artificial Intelligence, Software, Machine Learning $500k–$30M
Fengqiao Capital
VC Fund
2 China, Hong Kong, United States Series A, Series B, Seed SaaS, Medical, Software $1.4M–$60M
NLS Ventures
VC Fund
2 Hong Kong, United States, Singapore Seed, Pre-Seed, Series A Blockchain, Artificial Intelligence, FinTech $500k–$22M
Lingfeng Capital
VC Fund
2 China, United Kingdom, Hong Kong Series A, Series B, Seed Financial Services, FinTech, Software $1.7M–$45M
Gobi Partners
VC Fund
2 China, Malaysia, Hong Kong Series A, Seed, Series B E-Commerce, Financial Services, Internet $709k–$43M
ArkStream Capital
VC Fund
2 United States, Singapore, Hong Kong Seed, Initial Coin Offering Blockchain, Cryptocurrency, Information Technology $1.5M–$22M
Tanarra Capital
VC Fund
2 Hong Kong, United Kingdom Seed, Series A, Series B Internet, Robotics, Software
Grok Ventures
VC Fund
2 Australia, United States, Singapore Series A, Seed, Series B Renewable Energy, Energy, Software $808k–$151M
Spark Ventures
VC Fund
2 Hong Kong, China, Singapore Seed, Series A Finance, Financial Services, Medical $4.7M–$13M
Korea Investment Partners
VC Fund
2 South Korea, United States, China Series A, Series B, Seed Biotechnology, Information Technology, Health Care $1.2M–$52M
Atinum Partners
VC Fund
2 South Korea, United States, Singapore Series A, Series B, Series C Software, Biotechnology, Artificial Intelligence $2.8M–$44M
Xcel Next Ventures
VC Fund
2 Singapore, Hong Kong, Switzerland Seed, Series A, Series B Software, Analytics, Machine Learning $1.7M–$2.5M
Vision Plus Capital
VC Fund
2 China, United States, Canada Series A, Series B, Series C E-Commerce, Artificial Intelligence, Health Care $6.3M–$130M
SBI Ven Capital
VC Fund
2 Singapore, United States, India Seed, Series A Financial Services, FinTech, Software $1.3M–$20M
Race Capital
VC Fund
2 United States, United Kingdom, Bahamas Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $1.5M–$400M
Wavemaker Ventures
VC Fund
2 United States, Singapore, Philippines Seed, Series A Software, E-Commerce, Information Technology $880k–$20M
Cyberport Macro Fund
VC Fund
2 Hong Kong, Singapore Series A, Seed, Convertible Note FinTech, InsurTech, Logistics $2M–$30M
MEXC Global
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Financial Services
Focus Capital Group Limited
VC Fund
1 Hong Kong Seed Wearables, Hospitality, Product Design
Abacus Tech
VC Fund
1 Hong Kong Seed Big Data, Software, Analytics
SpeedPixel Ventures
VC Fund
1 Hong Kong Seed Wearables, Hospitality, Product Design
NGC Ventures
VC Fund
1 United States, Singapore, Hong Kong Seed, Series A Blockchain, Cryptocurrency, Gaming
NewTribe Capital
VC Fund
1 Singapore, United States, Switzerland Seed, Initial Coin Offering Blockchain, Cryptocurrency, Information Technology
Linear Capital Partners
VC Fund
1 China, Hong Kong, Germany Series A, Series B, Series C Artificial Intelligence, Big Data, Information Technology
CP Ventures
VC Fund
1 Australia, United States, India Seed, Pre-Seed, Series A Software, Artificial Intelligence, Machine Learning
ZipX
VC Fund
1 Hong Kong Series A Delivery, Logistics, E-Commerce
Fenbushi Capital
VC Fund
1 United States, Singapore, China Seed, Series A Blockchain, Cryptocurrency, Software $1.3M–$30M
Access all 385 VC funds in Hong Kong Hardware startups.

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

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Investor list

Alibaba Entrepreneurs Fund
VC Fund · Causeway Bay, Hong Kong Island, Hong Kong · 7 investments in Hong Kong Hardware startups

The Entrepreneurs Fund is a not-for-profit initiative launched by Alibaba Group in 2015 to help entrepreneurs and young graduates realize their dreams and vision. Two separate funds have been set up in Hong Kong and Taiwan respectively to support specific programs in each place.

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Investment focus

  • Industry: Software, E-Commerce, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: Hong Kong, Taiwan, United States

Investor stats

  • Total investments: 75
  • Round size: Seed $1.2M–$8M; Series A $2M–$68M; Series B $7M–$150M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: May invest from a new fund soon — raised $130M in 2015

Portfolio highlights

  • Tiiny AI — Tiiny AI offers a ready-to-use open-source ecosystem with one-click installation for models.
  • Vpon Holdings — Vpon Holdings is an AI big data analysis and advertising company.
  • Ziwu Technology — Ziwu Technology offers the conversion of bio-based waste into sustainable new materials and provides environmentally friendly solutions.
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SOSV
VC Fund · Princeton, New Jersey, United States · 6 investments in Hong Kong Hardware startups, 75 in the past 12 months

SOSV is a global, deep tech venture capital firm that operates the HAX and IndieBio startup development programs focused on human and planetary health. SOSV invests $500,000 in startups at their inception as they onboard either HAX or IndieBio for a 4-6 month period designed to accelerate the raise of their next institutional round. SOSV joins thelater rounds of HAX and IndieBio graduates. HAX, based in a 35,000 sq ft facility in Newark, NJ, is equipped with machine tools, 3D printers, chemical, electrical and mechanical engineering labs, as well as on-staff engineering and design experts. SOSV's IndieBio has locations in NYC and San Francisco, both of which offer extensive services and facilities to founders including on-site BSL-2 labs, well equipped lab benches and hoods, and advanced lab equipment, such as chromatography equipment.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 1482
  • Lead/follow: no public data

Portfolio highlights

  • MixRift — MIXRIFT - game developers specialized in Mixed Reality
  • unspun — From 3D scan to perfect fitting custom jeans. unspun makes each pair of jeans unique to your actual body and design. On a mission to reduce global carbon emissions by 1%. As seen in Fast Company's World Changing Ideas, Time's Best Inventions, and PopSci's Best of What's New. Welcome to the future of apparel.
  • Mesa Quantum — Unlock the potential of chip-scale quantum sensing for enhanced Position, Navigation, And Timing capabilities. Explore Mesa Quantum's practical solutions.
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Kenetic
VC Fund · Central, Hong Kong Island, Hong Kong · 5 investments in Hong Kong Hardware startups

Kenetic is a proprietary trading and VC investment firm focused on digital assets and blockchain related companies. They have developed technology to facilitate their quantitative trading strategies and offer various digital asset related structured products to counterparts.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Hong Kong

Investor stats

  • Total investments: 140
  • Round size: Seed $1.5M–$13M; Series A $6M–$30M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • AKEDO — The vibe coding Content Creation Engine and Launchpad Backed by @Karatage_, @Sfermion_, @Collab_Currency https://t.co/PA0vYr1Oeo
  • TON Strategy Company — VERB Technology Company is a software-as-a-Service, or SaaS, applications platform developer. Its platform is comprised of sales enablement business software products marketed on a subscription basis. The applications are available in both mobile and desktop versions. It includes verbCRM, Customer Relationship Management application, verbLEARN,Learning Management System application, and verbLIVE, its Live Broadcast Video Webinar application.
  • Fundamental Global — FG Nexus is building a U.S. public company dedicated to Ethereum accumulation and on-chain yield generation, a capital markets vehicle engineered for one of the most important digital assets of this era.
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Innovation and Technology Venture Fund
VC Fund · 5 investments in Hong Kong Hardware startups

The HK$2 billion ITVF was set up by the Hong Kong Government with a view to creating a vibrant local innovation and technology eco-systems

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Investment focus

  • Industry: Information Technology, Software, FinTech
  • Stage:Series A, Seed, Series B
  • Geography: Hong Kong, China, Singapore

Investor stats

  • Total investments: 42
  • Round size: Seed $250k–$90M; Series A $375k–$14M; Series B $1M–$150M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Varadise — Varadise is a digital twin platform offering technology services, cloud platforms, and business services comprising IoT and AI.
  • LeapXpert — LeapXpert delivers business communication governance and compliance with a platform that ensures secure, compliant messaging across multiple channels.
  • Cornerstone Robotics — Cornerstone Robotics operates to improve the accessibility of high-end medical services in China.
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Animoca Brands
VC Fund · Cyberport, Hong Kong Island, Hong Kong · 4 investments in Hong Kong Hardware startups

Animoca Brands is a metaverse and gaming venture capital firm that focuses on driving digital property rights to gamers and internet users through NFTs. It utilizes gamification and blockchain to develop and market a portfolio of mobile applications, games, and additional products oriented to educational learning to ensure transparency, security,and new business models.

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Investment focus

  • Industry: Blockchain, Gaming, Cryptocurrency
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 504
  • Round size: Seed $1.5M–$10M; Series A $5M–$40M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Vangrid — Vangrid operates as a decentralized physical infrastructure network.
  • Dow Protocol — An E-Commerce Financing RWA Platform on @BNBCHAIN, facilitating assets trusted by the world's largest banks. Lead invested by @mhventures @Maple_block
  • Ceramic Network — We've joined @textileio to build the first open intelligence network for AI agents. Follow us there.
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Particle Accelerator Limited (ParticleX)
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 4 investments in Hong Kong Hardware startups

Particle Accelerator Limited (ParticleX) was founded in late 2017 by Shine Works. ParticleX is a tech-based startup investor and accelerator based in Hong Kong. ParticleX combines network, capital and research resources, accelerating the pace of innovative technology and helping the early-stage startups to win cross-border opportunities acrossAsia.

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Hong Kong, United States, Taiwan

Investor stats

  • Total investments: 30
  • Round size: Seed $1.2M–$5.5M; Pre-Seed $430k–$1.6M; Series A $1M–$11M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • KorrAI — KorrAI helps you analyze rapidly evolving geospatial data and accelerate mineral exploration timelines.
  • MediConCen — MediConCen is a medical network that mobilize medical experts all over the world to serve the insured population without middleman. They revolutionize the current medical network with Blockchain technology. MediConCen liberalizes the existing heavily walled medical network with the use of Blockchain technology, allowing individual clinics to rejointhe insurance market with a one-stop solution. The next generation medical ecosystem starts right here.MediConCen aims to integrate all clinics, insured employees and business entities into a unified Blockchain ecosystem, making business truly efficient, transparent and trustworthy.
  • Vista InnoTech — Vista InnoTech is committed to developing the best Optical Image Stabilization (OIS) camera technology. We have developed a full range of OIS technologies, including Micro Gimbal Stabilizer (MGS), Telescope OIS, Sensor Shift and OIS software.
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Fresco Capital
VC Fund · San Francisco, California, United States · 4 investments in Hong Kong Hardware startups

Investing at the intersection of people and technology.

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Investment focus

  • Industry: Software, Education, SaaS
  • Stage:Seed, Series A
  • Geography: United States, Hong Kong, China

Investor stats

  • Total investments: 102
  • Round size: Seed $500k–$3.1M; Series A $2M–$15M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Reap — Reap helps you pay expenses using a credit card, collect payments from around the world, and improve your expense and cash flow management. All in one platform.
  • Buupass — BuuPass is Kenya's market leader for online bus booking. We enable travelers to reserve seats and make payments in a convenient and timely way. Try BuuPass today!
  • Subscript — Create, understand, and tell the story of your subscription business through numbers.
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Qiming Venture Partners
VC Fund · Shanghai, Shanghai, China · 4 investments in Hong Kong Hardware startups

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

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Investment focus

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

Investor stats

  • Total investments: 898
  • Round size: Series A $5M–$67M; Series B $9.4M–$100M; Series C $15M–$134M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — raised $887M in 2023

Portfolio highlights

  • Guangjing Energy — Guangjing Energy specializes in the R&D and mass production of durable, large-area perovskite solar cell modules. They develops perovskite film printing technology with independent intellectual property rights and realized the preparation of large-area perovskite components.
  • Talaris Therapeutics — Talaris seeks to help kidney transplant recipients and patients suffering from severe auto-immune diseases to live healthy lives free from chronic immunosuppression
  • Shennapsi Artificial Intelligence Technology — Synapsor is a medical-grade wearable device research and development company, oriented to the AI+ medical and health field, and is committed to the development and manufacturing of AI-powered medical-grade smart wearable devices, including AI-ECG artificial intelligence. Diagnostic analysis system, CUMS uric acid blood glucose and cholesterolmonitoring system, etc. The company has recently received tens of millions of yuan in Series B investment, and the investor is Xiaomi Technology.
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Radiant Venture Capital
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 3 investments in Hong Kong Hardware startups

Radiant Tech Ventures Ltd., based in Hong Kong and licensed with the Securities and Futures Commission of Hong Kong to carry on Type 9 (asset management) regulated activities. Radiant manages the Radiant Tech Ventures Fund LP which is a co-investment fund of HK Government's ITVF Corporation.

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Investment focus

  • Industry: Internet of Things, Information Technology, Big Data
  • Stage:Seed, Series A, Angel
  • Geography: Hong Kong, China, United States

Investor stats

  • Total investments: 26
  • Round size: Seed $300k–$2.3M; Angel $1.3M–$4.5M; Series A $1.4M–$5M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Springdel — Move beyond cloud and legacy MDM with an enterprise-grade EdgeOps platform purpose-built for the interactive Edge of Things.
  • Komori Rihe — Komori Rihe is a small shop brand of cheap Japanese food.
  • Geekbang Technology — Geekbang Technology is a Enterprise services company.
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Transcend Capital Partners
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 3 investments in Hong Kong Hardware startups

Transcend Capital Partners is a venture capital fund that strategically specializes in the investment of early-stage, women-led startups in Asia

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Investment focus

  • Industry: Apps, FinTech, Big Data
  • Stage:Series A, Seed
  • Geography: Hong Kong, United States

Investor stats

  • Total investments: 6
  • Round size: Seed $5M–$5.3M; Series A $2.5M–$19M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Markato — On Your Marks is a leading brand builder and distributor for top health, beauty and wellness brands in Asia.
  • SleekFlow — SleekFlow makes customer messaging apps such as WhatsApp and Facebook connected to one platform for teams to better support and engage customers.
  • Yeti Confetti Kids — Yeti Confetti Kids is the ultimate educational app that sparks creativity, learning, and endless fun for young minds. Sign up for an invite and get early access.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Vectr
VC Fund · Sheung Wan, Hong Kong Island, Hong Kong · 3 investments in Hong Kong Hardware startups

Vectr is a venture firm based in Hong Kong. They combine investment, creation and growth to deliver game-changing impact to teams ready to tackle global issues, transform industries and improve the lives of millions.That combines capital, creation and partnership to deliver game-changing impact. We strive to be the ideal partner for founders thatare building transformation products and looking to expand their businesses into asia.

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Investment focus

  • Industry: FinTech, Financial Services, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: United States, Hong Kong, Singapore

Investor stats

  • Total investments: 79
  • Round size: Seed $950k–$6.5M; Series A $1M–$37M; Series B $12M–$70M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Percent — Unlock private credit investments with Percent. Access alternative investments on the platform powering the future of private markets.
  • Micro Connect — Micro Connect provides market infrastructure, fintech, and platform development.
  • MasterExchange — Trading platform for music rights leveraging emerging technology to create friction free and compliant investment opportunities to everyone.
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Artesian VC
VC Fund · Melbourne, Victoria, Australia · 3 investments in Hong Kong Hardware startups

Artesian Capital Management is an alternative investments management company, which was spun out of ANZ Banking Group's capital markets business in 2004, with backing from ANZ Private Equity. Artesian's founding partners, purchased ANZ's stake in 2005. The company has subsequently been fully owned by partners and staff. Since 2004,Artesian has managed specialised funds focused on credit arbitrage and relative-value strategies across global financial markets. In 2008, while continuing to manage credit relative value investment strategies from its New York, London and Singapore offices, Artesian began to make principal investments in seed/early-stage ventures from its offices in Sydney, Melbourne and Shanghai. In 2011, Artesian launched the first of its early stage venture capital funds and now manages AUD +255m. Artesian's VC strategy is to partner with best of breed accelerators, incubators, angel groups and university programs. In 2017, Artesian launched its China VC Fund with a USD 50m cornerstone investment industry super fund Hostplus. Artesian will soon launch a Southeast Asia VC Fund.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Australia, United States, Hong Kong

Investor stats

  • Total investments: 407
  • Round size: Seed $101k–$5M; Pre-Seed $70k–$1M; Series A $2.3M–$15M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • LivedCX® — LIVEDCX: Advanced AI technology for contact centre leaders who must simplify complexity to create growth.
  • Andromeda Robotics — At Andromeda, our personalised robot companions are helping Australian aged care teams bring joy and connection to residents to improve wellbeing.
  • Infiction labs — SPARC 1.2 is a solar panel robotic cleaning system designed and developed by Infiction Labs Pvt Ltd for commercial solar plants.
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Enterprise Singapore
VC Fund · Singapore, Central Region, Singapore · 3 investments in Hong Kong Hardware startups

Enterprise Singapore is a government agency that supports enterprise development.The company works with committed companies to build capabilities, innovate and internationalize. Enterprise Singapore also supports the growth of Singapore as a hub for global trading and startups. As the national standards and accreditation body, the companycontinues to build trust in Singapore’s products and services through quality and standards.To enable businesses navigate today’s enterprise landscape, Enterprise Singapore adopts a company-centric approach. Enterprise Singapore do so, by providing programmes and support catered to your company’s stage of growth, the industry you are in, and the overseas markets of your interest.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Grant, Seed, Pre-Seed
  • Geography: Singapore, United States, United Kingdom

Investor stats

  • Total investments: 51
  • Round size: Seed $300k–$1.8M; Grant $17k–$585k; Pre-Seed $40k–$300k
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Goldilock — Goldilock is a revolutionary cybersecurity solution that enables users to physically connect and disconnect their digital assets, devices, networks, and critical infrastructure from the internet without using the internet itself. The patented remote security technology ensures that sensitive data remains secure and accessible only when needed
  • Pride Health — Access trusted doctors, e-prescriptions, and discreet medication delivery. Safe, convenient, and judgment-free.
  • 2Strands Biosciences — Better, Cheaper and Faster!
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Seeds Capital
VC Fund · Singapore, Central Region, Singapore · 3 investments in Hong Kong Hardware startups

Catalysing smart monies into Singapore-based, early-stage technology startups.

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Investment focus

  • Industry: Biotechnology, Artificial Intelligence, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Singapore, United States, Hong Kong

Investor stats

  • Total investments: 146
  • Round size: Seed $767k–$6M; Series A $2.4M–$21M; Series B $5M–$45M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Pints AI — Unlock global and private financial data with AI like never before.
  • ChemT Biotechnology — The goal of ChemT Biotechnology is to increase patient access to the most cutting-edge biologics, beginning with the urgent issues in manufacturing and research and development.
  • Protuoso Biosciences — Protuoso Bio is a pioneering biotechnology company developing Next-Gen MUXBODIES for Complex Diseases. We leverage AI-driven protein engineering and synthetic biology to advance innovative oncology drug research.
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DCM Ventures
VC Fund · Menlo Park, California, United States · 3 investments in Hong Kong Hardware startups

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.

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Investment focus

  • Industry: Software, Internet, E-Commerce
  • Stage:Series A, Series B, Series C
  • Geography: United States, China, Japan

Investor stats

  • Total investments: 442
  • Round size: Series A $4.3M–$35M; Series B $8.5M–$60M; Series C $8.5M–$134M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $780M in 2019

Portfolio highlights

  • Athos — Athos uses EMG real-time biofeedback to help you go from guessing to knowing if you are performing at your best. #BuildBetterAthletes
  • Zenverge — Zenverge makes homes smarter and life easier. Learn about the latest in robotic cleaning technology, intelligent temperature control, immersive audio experiences, smart lighting, and advanced home security solutions.
  • PlayFirst — PlayFirst is the global leader in mobile games for family and friends.PlayFirst develops great mobile games for family and friends, and tens of millions of fans worldwide have played our hit titles. PlayFirst's portfolio of games includes the DASH® series (Diner Dash®, Wedding Dash®, Cooking Dash®, Hotel Dash®, SpongeBob Diner Dash® andHotel Transylvania Dash®) and Stars series (Mall Stars™).
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ZhenFund
VC Fund · Beijing, Beijing, China · 3 investments in Hong Kong Hardware startups

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

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Investment focus

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

Investor stats

  • Total investments: 394
  • Round size: Seed $650k–$20M; Angel $425k–$21M; Series A $1.4M–$23M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — raised $130M in 2022

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.
  • ImageDT — ImageDT is a Enterprise services company.
  • Futuring Robot — Futuring Robot is a developer of dual-arm home service robots focusing on C-end home scenarios.
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AEF Greater Bay Area Fund
VC Fund · Beijing, Beijing, China · 3 investments in Hong Kong Hardware startups

Gobi Partners is an Asia-focused VC backing early to growth stage startups. US$1.6B AUM, 400+ companies, 75 exits. Strategic guidance, founder network available.

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Investment focus

  • Industry: Artificial Intelligence, Life Science, Biotechnology
  • Stage:Series A, Seed, Series B
  • Geography: Hong Kong, China, Macao

Investor stats

  • Total investments: 14
  • Round size: Seed $2.5M–$5.1M; Series A $7M–$19M; Series B $14M–$28M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • SleekFlow — SleekFlow makes customer messaging apps such as WhatsApp and Facebook connected to one platform for teams to better support and engage customers.
  • Sandwich — Sandwich is an online platform that provides real-time trend analysis tools for developing ad campaigns and creating Meta Ads plans.
  • Deepin Technology — Deepin Technology is a company that utilizes artificial intelligence, quantum chemistry, and high-throughput experiment technologies to enhance the efficiency and workflow of chemical material innovation. it offers efficient R&D solutions for chemical materials, aiming to solve lab bottlenecks, promote innovative research, and enhance customervalue.
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Blackbird Ventures
VC Fund · Sydney, New South Wales, Australia · 2 investments in Hong Kong Hardware startups

Blackbird is a venture capital fund based in Australia and New Zealand. We invest in every type of technology from software to space, unified by the biggest of ambitions.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Australia, United States, New Zealand

Investor stats

  • Total investments: 337
  • Round size: Seed $34k–$7.6M; Pre-Seed $50k–$2.7M; Series A $3.4M–$35M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Vow — Vow is crafting a new category of food
  • Partly — Auto parts distributors, manufacturers, dismantlers, marketplaces and software providers use Partly's software and API to add fitment and manage parts online.
  • Gilmour Space Technologies — Gilmour Space is a rocket company in Australia that is developing and launching low-cost small satellite launch vehicles. All orbits, all planets: https://www.gspacetech.com
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Forebright Capital
VC Fund · Shenzhen, Guangdong, China · 2 investments in Hong Kong Hardware startups

Forebright Capital is a differentiated, well resourced, institutional-quality fund manager in China. Before its spin-off in May 2014, the Forebright Team had operated for more than 10 years under China Everbright Limited, a state-owned enterprise listed on the Hong Kong Stock Exchange. As one of the earliest teams investing in China, Forebrightsails through various economic cycles and delivered steady and long term return for its global investors including sovereign wealth funds, insurances, pension funds, university and corporate endowments and fund of funds. Forebright is committed to partnering with business leaders, providing value added services, and driving long term growth hence returns for investors through discipline and rigorous process.

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Investment focus

  • Industry: Manufacturing, Software, Automotive
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 36
  • Round size: Series A $10M–$30M; Series B $14M–$464M; Series C $31M–$187M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Evotrex — Adventure-ready RV trailers built for true off-grid freedom. Roam farther, stay longer, and enjoy more. Visit our site to discover the Evotrex-PG5.
  • Deep Intelligent Control — Deepin Intelligent Control is a smart energy innovation company.
  • Guangfan Technology — Guangfan Technology is a technology innovation company focusing on next-generation human-computer interaction, dedicated to the innovation of interaction paradigms for multimodal direct intent expression.
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QBN Capital
VC Fund · Wanchai, Guangdong, China · 2 investments in Hong Kong Hardware startups

QBN Capital is a Hong Kong-based, tech-focused VC fund. We invest in early and growth-stage FinTech and DeepTech in Asia and Europe.

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Investment focus

  • Industry: Financial Services, Software, FinTech
  • Stage:Series A, Seed, Series B
  • Geography: United Kingdom, Hong Kong, United States

Investor stats

  • Total investments: 37
  • Round size: Seed $1.3M–$8M; Series A $5M–$12M; Series B $14M–$88M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Wrisk — The Wrisk Platform helps brands co-create, launch and operate customised insurance products that can be launched rapidly and at scale.
  • iLex — iLex is the first multi-dealer electronic market for corporate loans, bringing enhanced liquidity, efficiency, intelligence and improved security to primary and secondary loan markets on a single platform.
  • Applied Digital — Applied Digital designs, builds, and maintains next-generation datacenters across North America, offering digital infrastructure solutions to the rapidly expanding high performance computing (HPC) market.
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Seveno Capital
VC Fund · Singapore, Central Region, Singapore · 2 investments in Hong Kong Hardware startups

Seveno Capital is an investment fund backing early and growth-stage ventures that have the holistic potential to increase the human healthspan.

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Investment focus

  • Industry: Sensor, Travel, Wearables
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Japan, Hong Kong, United Kingdom

Investor stats

  • Total investments: 4
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • A Cabin Company — A cabin company is a company that creates and operates small, attractively built cottages located in rural or semi-rural locations. These cabins are designed to promote human health and wellness by providing access to healing natural environments.
  • PointFit Technology — Tailor your fitness journey with our non-invasive skin patch. We are empowering individuals worldwide by providing real-time, actionable insights.
  • Longevity Technology — Daily news and insights on research, investments and technologies that extend life and improve the quality of that extended life. #Longevity
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ROBO Global
VC Fund · Dallas, Texas, United States · 2 investments in Hong Kong Hardware startups

ROBO Global is the creator of the first benchmark index series tracking the robotics & AI revolution for investors. ROBO Global is dedicated to providing innovation to investors with a sole focus on robotics, automation, and AI.

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Investment focus

  • Industry: Artificial Intelligence, Robotics, Software
  • Stage:Series C, Seed, Series A
  • Geography: United States, Austria, Hong Kong

Investor stats

  • Total investments: 11
  • Round size: Seed $1.8M–$3.5M; Series A $15M–$16M; Series C $9M–$73M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Proscia — Proscia is a software company that is changing the way the world practices pathology to transform cancer research and diagnosis. With the company’s Concentriq digital pathology platform and pipeline of AI-powered applications, laboratories are leveraging new kinds of data to accelerate discoveries and improve patient outcomes. Proscia’s team oftechnologists, scientists, and pathologists is bringing a fresh approach to an outdated industry, helping the world to keep pace with the increasing demand for pathology services and fulfill the promise of precision diagnostics.
  • blackshark.ai — Blackshark.ai transforms global satellite and aerial imagery into structured models of the physical world, enabling geospatial intelligence, simulation, and AI training.
  • Verity — Verity is the global leader in autonomous indoor drone systems, delivering cutting-edge solutions that work—every time. Our track record for building systems that are 100% reliable in environments where failure is not an option has earned us the trust of our clients around the globe including IKEA and DSV.Our integrated inventory tracking systemis powered by autonomous drone technology to enable zero-error warehouses for big box retailers, high-turnover 3PLs, and consumer goods manufacturers in Europe and the US. Verity’s solutions automate inventory management, monitoring, and inspection tasks, providing clients actionable insights into their daily operations.In the live events industries, Verity’s systems create magical moments for audiences around the globe, providing stunning light shows for clients including Cirque du Soleil and Madison Square Garden, and for global tours of major artists including Metallica, Drake, and Céline Dion.
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Primeblock Ventures
VC Fund · 2 investments in Hong Kong Hardware startups

Primeblock ventures is a diversified investment firm dedicated to the digital asset, cryptocurrency and blockchain technology industry.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: United States, Spain, Estonia

Investor stats

  • Total investments: 17
  • Round size: Seed $2M–$7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Instap — Instap is a Web3 identity exchange protocol combined with SocialFi and real life interactions.
  • Valory — A world-class team leading cutting-edge research & development at the intersection of multi-agent systems and distributed ledger technology.
  • Galactic Entertainment
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Wistron Corporation
VC Fund · Taipei, T'ai-pei, Taiwan · 2 investments in Hong Kong Hardware startups

Wistron Corporation is a technology service provider supplying innovative.

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Investment focus

  • Industry: Artificial Intelligence, Software, Machine Learning
  • Stage:Series A, Seed, Series B
  • Geography: United States, Taiwan, Hong Kong

Investor stats

  • Total investments: 40
  • Round size: Seed $500k–$7M; Series A $5M–$30M; Series B $3M–$21M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Health2Sync — Health2Sync provides patients and care providers with data-driven Digital Therapeutics and personalized healthcare management services including an user-friendly mobile App, cloud-based analytics, and a cloud platform for healthcare professionals.
  • Teramount — Teramount changes the world of optical connectivity by offering a novel solution, the patented PhotonicPlug, for connecting optics to silicon.
  • Zettabyte — Zettabyte offers an AI-native platform that manages and scales GPU workloads efficiently using its intelligent orchestration system.
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Fengqiao Capital
VC Fund · 2 investments in Hong Kong Hardware startups

Investment

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Investment focus

  • Industry: SaaS, Medical, Software
  • Stage:Series A, Series B, Seed
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 15
  • Round size: Series A $1.4M–$30M; Series B $27M–$60M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Methuselah — Methuselah is a research and development manufacturer of medical nutritional food.
  • Huamei Haolian — Huamei Haolian specializes in providing telemedicine and medical tourism services.
  • Kingdee Data Technology — Kingdee Data Technology focuses on technology development, consultation, transfer, promotion, and software development, specializing in intelligent financial and tax SaaS solutions.
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NLS Ventures
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 2 investments in Hong Kong Hardware startups

NL Ventures specializes in venture capital for early-stage technology startups. We invest in innovative, pioneering founders and provide the resources, guidance, and industry connections needed to build successful businesses and achieve long-term growth. Our team helps partners take their ideas to the next level, identifying opportunities that shape the future of technology and drive meaningful impact.

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Investment focus

  • Industry: Blockchain, Artificial Intelligence, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Hong Kong, United States, Singapore

Investor stats

  • Total investments: 21
  • Round size: Seed $500k–$13M; Series A $5M–$22M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • ForU AI — ForU AI operates as a real-world AI agent.
  • Mandala Chain — Building digital nations & intelligent economies. Starting in Indonesia, scaling to 100M+ users.
  • Hyperbond Studio — Hyperbond Studio builds AI-driven games and interactive experiences, including the Call Me Sensei app. We combine technology and emotion to create unforgettable digital worlds.
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Lingfeng Capital
VC Fund · Beijing, Beijing, China · 2 investments in Hong Kong Hardware startups

Lingfeng Capital manages both USD and RMB funds. Lingfeng Capital USD Fund management company is registered in the Cayman Islands, while its RMB fund management company is a qualified private fund manager registered with the Asset Management Association of China. Lingfeng Capital won the 2017 award of “The top 20 most promising investment firms inChina” by Chinaventure.com.cn.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Series A, Series B, Seed
  • Geography: China, United Kingdom, Hong Kong

Investor stats

  • Total investments: 42
  • Round size: Seed $1.7M–$13M; Series A $2.8M–$28M; Series B $14M–$45M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $20M in 2022

Portfolio highlights

  • Kaia — The foundation for stablecoin settlement and onchain finance across Asia. Born from Asia's tech giants Kakao and LINE.
  • HPC-AI Technology — HPC-AI Technology provides a cloud-based platform to enhance AI computations by increasing CPU and GPU processing speeds.
  • Luchen Technology — Luchen Technology offers a distributed artificial intelligence (AI) development and deployment platform.
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Gobi Partners
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 2 investments in Hong Kong Hardware startups

Gobi Partners is an Asia-focused VC backing early to growth stage startups. US$1.6B AUM, 400+ companies, 75 exits. Strategic guidance, founder network available.

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Investment focus

  • Industry: E-Commerce, Financial Services, Internet
  • Stage:Series A, Seed, Series B
  • Geography: China, Malaysia, Hong Kong

Investor stats

  • Total investments: 381
  • Round size: Seed $709k–$8M; Series A $1.7M–$20M; Series B $5M–$43M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — raised $1.3B in 2023

Portfolio highlights

  • Hermo — A beauty collection with the best deals. Official Flagship Store partner : Yadah, Bonanza, Redergen, SkinBasic Group, Bliv and etc
  • Camera360 — Camera360 is a professional but easy-to use App for photo editing and selfie retouching. Tag #camera360
  • GoWork — GoWork is Jakarta's leading premium coworking and office space rental with the mission to provide companies with dynamic workspaces of hybrid arrangements and satellite locations.
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ArkStream Capital
VC Fund · Grand Cayman, Midland, Cayman Islands · 2 investments in Hong Kong Hardware startups

Read writing from ArkStream Capital on Medium. A crypto-native fund accelerating zero-to-one growth for Web3 unicorns.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, Hong Kong

Investor stats

  • Total investments: 60
  • Round size: Seed $1.5M–$12M; Initial Coin Offering $3.2M–$22M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • GENCY AI — Gency AI | The Sovereign Ads Network for the AI-Powered Economy
  • T-Rex — T-Rex is a new blockchain ecosystem intended specifically for consumer-facing applications, with the goal of transforming the Web3 attention layer via its revolutionary Proof of Engagement (PoE).
  • Bitlight Labs — Make Bitcoin Smart
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Tanarra Capital
VC Fund · Melbourne, Victoria, Australia · 2 investments in Hong Kong Hardware startups

Tanarra is an Asia Pacific diversified alternative asset investment firm headquartered in Australia, managing A$3 billion in assets. We are trusted, long-term partners dedicated to accelerating growth and aligning interests with our investors. Discover strategic growth opportunities with us.

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Investment focus

  • Industry: Internet, Robotics, Software
  • Stage:Seed, Series A, Series B
  • Geography: Hong Kong, United Kingdom

Investor stats

  • Total investments: 5
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • OXECO — OXECO designs, develops and manufactures surface treatments for composites and engineering plastics.
  • Fraction — Fraction is a dynamic and rapidly growing company.
  • August Robotics — August Robotics creates robots to automate "dirty, dangerous and dull" workflows across the B2B economy. The company's first robot, Lionel, automates the dull and labour intensive task of floor-marking for the global exhibition industry. Lionel has been used as a critical part of the trade show setup process by the world'slargest exhibition companies in Europe and USA. August Robotics' second robot, Diego, automates the dirty and dangerous task of disinfecting high-traffic public areas, such as hotels, offices and aged care centers, optimizing hygiene and reducing the risks of infection. The company is also working on a number of other robots, each leveraging August Robotics' industry leading proprietary mobile robotics platform, which enables August Robotics to generate new robots for new cases far more quickly and cheaply than other robotics companies. The physical world is ripe for disruption by robots, and August Robotics is leading the charge to do this in the B2B segment
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Grok Ventures
VC Fund · Surry Hills, New South Wales, Australia · 2 investments in Hong Kong Hardware startups

Backing a better tomorrow

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Investment focus

  • Industry: Renewable Energy, Energy, Software
  • Stage:Series A, Seed, Series B
  • Geography: Australia, United States, Singapore

Investor stats

  • Total investments: 69
  • Round size: Seed $808k–$10M; Series A $3.3M–$63M; Series B $26M–$151M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Endolith — Endolith is a biotech company transforming sustainable mining by leveraging microbes, synthetic biology, and cloud computing to extract more critical minerals like copper from low-grade ores. Working with the many of the leading mining companies, Endolith is advancing its innovative technology to commercial scale. Recognized as a finalist in theBHP Unearthed BioMetals cohort and a member of the Alaska Critical Minerals Collaborative, Endolith is driving the future of mining with sustainable, efficient, and responsible solutions for the clean energy transition.
  • MAKO — Solving human problems with nature’s surfaces.
  • Asterix Foods — Asterix Foods is a biotechnology company designed to build protein production using plant-cell culture techniques. The company's platform is developing and growing bioactive proteins for food that are scalable, functional, and complex, enabling users with plant cell-cultured and animal-free proteins.It was founded in 2022 and is located inTel Aviv, Israel.
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Spark Ventures
VC Fund · Yau Tsim Mong, Kowloon, Hong Kong · 2 investments in Hong Kong Hardware startups

Spark Ventures is a venture capital firm that focuses in early and expansion- stage technology startups across Asia.

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Investment focus

  • Industry: Finance, Financial Services, Medical
  • Stage:Seed, Series A
  • Geography: Hong Kong, China, Singapore

Investor stats

  • Total investments: 8
  • Round size: Seed $4.7M–$13M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • pickupp — The Logistics Tech Company
  • NeoImmune — Universal Medicine is a technology developer in the field of immune system, dedicated to the development of key technologies for high-throughput reading and writing of T and B lymphocyte receptor profiles and their applications in clinical testing and treatment, focusing on technology developers in the field of immune system . Recently announcedthe completion of a 30 million RMB Pre-A round of strategic financing. WinX Capital is acting as a financial advisor. This round of investment was initiated by Kangsheng Global. Ruijiang Kangsheng Fund managed by Ruijiang Investment led the investment. The investors included Spark Venture Capital and Yangtze River Source Fund. This round of funds will be mainly used for the promotion of hematological tumor MRD products and the research and development of new clinical products.
  • MetaComp — Bridging Traditional Finance with Digital Assets
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Korea Investment Partners
VC Fund · Seoul, Seoul-t'ukpyolsi, South Korea · 2 investments in Hong Kong Hardware startups

Korea Investment Partners (KIP) is a leading venture capital & private equity firm that has over 30 years of experience in providing venture capital to bold and innovative entrepreneurs who want to change the world. Korea Investment Partners invests in leading pioneers like Kakao(KOSDAQ:035720), Naver(KRX:035420), YGEntertainment(KOSDAQ:122870), Bodyfriend, Osstem Implant(KOSDAQ:048260), Doubleu Games(KOSDAQ:192080) and Didi Chuxing. KIP manages over 20 venture and private equity funds with US$1.8 billion in total assets under management. The company operates globally from its Seoul headquarters office with other locations in Shanghai, Beijing, and Sunnyvale.

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Investment focus

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

Investor stats

  • Total investments: 474
  • Round size: Seed $1.2M–$10M; Series A $2.1M–$21M; Series B $4.7M–$52M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — raised $6.7M in 2014

Portfolio highlights

  • Cashkaro — Cashkaro is an Indian cashback and coupons site. They are backed by Mr. Ratan Tata and Indian VC firms, Kalaari Capital. With over two million registered users, CashKaro is a one stop destination for savings across 1500+ ecommerce sites like Amazon.in, Flipkart, Nykaa, Ajio, etc.
  • Together Funding — Together Funding offers peer-to-peer financial service.
  • Inovio Pharmaceuticals — INOVIO is advancing novel immunotherapy technologies to reshape the future of treating and preventing infectious diseases and cancer.
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Atinum Partners
VC Fund · Seoul, Seoul-t'ukpyolsi, South Korea · 2 investments in Hong Kong Hardware startups

Atinum Partners is a venture capital firm that invests in the growth stage startups in the IT, biotech, and healthcare sectors.

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Investment focus

  • Industry: Software, Biotechnology, Artificial Intelligence
  • Stage:Series A, Series B, Series C
  • Geography: South Korea, United States, Singapore

Investor stats

  • Total investments: 147
  • Round size: Series A $2.8M–$24M; Series B $4.2M–$44M; Series C $11M–$40M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Byte Lab — Byte Lab prioritizes achieving long-term results by concentrating on *how* we grew rather than just growing quickly.
  • Subtle Medical — Subtle Medical is a healthcare technology company that provides AI-powered medical imaging. Its products, SubtlePET and SubtleMR, are FDA Cleared and CE Marked AI product that enhances images in PET and MR exams aimed for faster & safer workflow.The company's SubtleGAD technology is also awarded by RSNA and a $1.6M NIH SBIR Grant tofacilitate the adoption using AI to make imaging exams safer. They provide a vendor-agnostic AI infrastructure powering its products and providing service and analytics to clinical imaging providers.Subtle Medical's goal is to improve the quality, value, and accessibility of medical imaging by significantly reducing cost, imaging time, and radiation dose.
  • De novo Biotherapeutics — De novo Biotherapeutics is a biotechnology company developing mRNA-encoded antibodies and NK cell-engaging antibodies for cancer treatment.
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Xcel Next Ventures
VC Fund · Taipei, T'ai-pei, Taiwan · 2 investments in Hong Kong Hardware startups

Xcel Next Ventures is an early stage venture capital firm. Xcel Next Ventures focus on helping founders build the next market leading companies that will transform industries, and make people's life better in the new digital borderless world.

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Investment focus

  • Industry: Software, Analytics, Machine Learning
  • Stage:Seed, Series A, Series B
  • Geography: Singapore, Hong Kong, Switzerland

Investor stats

  • Total investments: 10
  • Round size: Seed $1.7M–$2.5M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Betterdata — Better Data Our technology makes data sharing instant and secure by converting limited real data into limitless synthetic data that looks, feels behaves just like real data
  • Dayta AI — SaaS Shopper Analytics - Cyclops presents you insightful data like shopper demographics, bahavioral metrics and many more. Drive more sales and traffic with AI now!
  • Boost Capital — Boost Capital is a fintech company that offers online microfinance services at lower rates. It uses innovative technology to pre-qualify customers within minutes of applying for a loan based on ability and probability to repay. Boost Capital enables both collateralized and uncollateralized loans, with loan size across the small business spectrum(from $100 to $10,000). Its platform automates the loan application for MFI partners and allows customers to hear back on their loan applications 100x faster than through traditional paper-based loan applications.The company was founded in 2018 and is headquartered in Singapore.
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Vision Plus Capital
VC Fund · Hangzhou, Zhejiang, China · 2 investments in Hong Kong Hardware startups

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

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Investment focus

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

Investor stats

  • Total investments: 195
  • Round size: Series A $6.3M–$31M; Series B $6.5M–$58M; Series C $15M–$130M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Demark — Demark Seiko is a domestic high-end parts supplier that primarily provides high-precision parts, medium and large parts, and functional structural components to firms in the photovoltaic, wind power, semiconductor, heavy industry, and other industries.
  • Beilian Zhuguan — Beilian Zhuguan offers ToB technology services to users in order to help them reduce IT resource expenses through technical techniques.
  • Yosemite Clinic — Yosemite Clinic is a full-service clinic providing convenient walk-in medical services in a state-of-the-art environment in Central Pudong. They offer family medicine, internal medicine, surgery, orthopedics (sports medicine), dermatology, medical cosmetology, dentistry, gynecology, pediatrics, ophthalmology, anesthesiology, rehabilitationmedicine, medical imaging, laboratory, pharmacy and more. Their onsite facilities and equipment include CT, X-ray, Ultrasound, Laboratory and Operating Rooms. Their doctors come from China and across the world, enabling us to serve you in many languages including, English, Japanese, Malay, Mandarin Chinese and Cantonese.
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SBI Ven Capital
VC Fund · Singapore, Central Region, Singapore · 2 investments in Hong Kong Hardware startups

SBI Ven Capital, founded in 2007 and based in Singapore, is a private equity firm that invests in financial services and technology sectors across Asia.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Series A
  • Geography: Singapore, United States, India

Investor stats

  • Total investments: 67
  • Round size: Seed $1.3M–$7M; Series A $5M–$20M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $61M in 2013

Portfolio highlights

  • Bank Index — Bank Index provides working capital and investment loans by prioritizing the expansion of market share in the small and medium enterprises segment as well as establishing joint financing with financial institutions like rural banks and finance companies.Established in 1993, Bank Index’s physical footprint includes 42 branches and offices, 24 ofwhich are located in Jakarta while the rest are in major cities. Bank Index is majority owned by Setiawan family, a prominent Indonesian family, whose business interests range from financial services, sugar and flour refinery, and property.
  • VIMO Technology — VIMO Technology is an operator of mobile wallets for fund transfers, bill payments, online shopping, top-ups, and cash withdrawal channels.
  • Satin Creditcare Network — Satin Creditcare, One of the Leading Microfinance Companies in India is a NBFC(non-banking financial corporation) that Aims to Make a Difference in Lives of Excluded Masses, While Creating an Ecosystem of Value-Led Growth for Each of its Stakeholders. To know more, contact us at 0124-4715400.
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Race Capital
VC Fund · Hayward, California, United States · 2 investments in Hong Kong Hardware startups, 7 in the past 12 months

Race Capital is a venture capital firm based in Palo Alto focusing on investing in early stage seed and pre-seed startups within the infrastructure sectors.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, Bahamas

Investor stats

  • Total investments: 85
  • Round size: Seed $3.5M–$21M; Pre-Seed $1.5M–$3.1M; Series A $8.2M–$400M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely still investing — raised $180M in 2022

Portfolio highlights

  • LineWise — LineWise, a Y Combinator-backed startup, helps manufacturers maximize production uptime. We use AI to diagnose machine failures, accelerate troubleshooting
  • SkyPilot — The AI Compute Platform for frontier teams. We turn fragmented AI compute into one AI supercomputer, so frontier AI teams build custom intelligence faster.
  • Architect — Architect Labs builds AI systems that design and provably verify silicon for modern workloads.
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Wavemaker Ventures
VC Fund · Singapore, Central Region, Singapore · 2 investments in Hong Kong Hardware startups

Wavemaker Group is a cross-border venture capital firm founded in 2003 and one of the most active early-stage investors across multiple funds.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Philippines

Investor stats

  • Total investments: 353
  • Round size: Seed $880k–$5M; Series A $3M–$20M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $136M in 2022

Portfolio highlights

  • uHoo — uHoo monitors and manages your indoor environment to help you create healthier, safer and more comfortable homes and workplaces.
  • RateIt — An omni-channel CX platform that captures, interprets & analyses customer feedback in ways that makes it easy to see the right moves to make.
  • Shikho — Shikho is a Bangladeshi education technology company on a mission to revolutionise the way Bangladesh learns today and democratise access to a high quality education. It is building a hyper-localised digital learning ecosystem designed specifically for the Bangladeshi national curriculum to serve a growing total addressable market of ~42 millionstudents. "Shikho - The Learning App" is available on the Google Play Store.
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Cyberport Macro Fund
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 2 investments in Hong Kong Hardware startups

Cyberport is a creative digital community with a cluster of technology and digital content tenants. It is owned and managed by Hong Kong Cyberport Management Company Limited which is wholly owned by the Hong Kong SAR Government.

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Investment focus

  • Industry: FinTech, InsurTech, Logistics
  • Stage:Series A, Seed, Convertible Note
  • Geography: Hong Kong, Singapore

Investor stats

  • Total investments: 10
  • Round size: Seed $2.8M–$9M; Series A $2M–$30M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • GoGoX — GOGOX (formerly GOGOVan) is the first app-based logistics platform in Asia committed to providing extensive logistics services through innovative technology. You can hire a van by using GOGOX mobile app or website anywhere anytime.
  • Wada FoodTech — Wada Bento helps restaurants expand their operations and increase profit margins with bento machine HaaS (Hardware-as-a-Service) in well-trafficked areas. We have sold 160,000 bento boxes in Hong Kong so far. Wada Bento has been selected to be Forbes Asia 100 to Watch, HKTDC Startup-Express Winning Startup, Alibaba Jumpstarter Top 200, InnovationLeaders Summit T-100 Top, SVHK Futuremaker, Cyberport Incubatee, Mizuho Crowd Brain Accelerator member, winner of Best Retail Innovation (F&B) Grand Award, and EthAum Plug-in ASEAN Accelerator Member.
  • Avalon SteriTech — Avalon Steritech offers multifaceted solutions with advanced cleaning robots, disinfectants, and services for safer, healthier environments in public and hygiene-critical spaces. Discover Whiz Gambit, Gambit Trolley, Whiz Plus, Evicate-Pro, Nanocyn, and Nature Guardian disinfectants from Avalon Ster
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MEXC Global
VC Fund · Mahé, Beau Vallon, Seychelles · 1 investments in Hong Kong Hardware startups

Founded in 2018, MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. The CEX platform is run by a team of professionals with extensive financial industries and blockchain technology experience.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 51
  • Lead/follow: no public data

Portfolio highlights

  • Raiinmaker — Multi - Chain Layer 2 Network. Powered by AI, Secured by Bitcoin.
  • Redpill AI — Access 200+ AI models with privacy-first infrastructure. Private models in GPU TEE, OpenAI-compatible API, zero data retention.
  • The FishVerse — FishVerse combines GameFi, AI, and blockchain technology, allowing players to fish in a dynamic open environment from their own homes.
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Focus Capital Group Limited
VC Fund · 1 investments in Hong Kong Hardware startups

Investor

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Investment focus

  • Industry: Wearables, Hospitality, Product Design
  • Stage:Seed
  • Geography: Hong Kong

Investor stats

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

Portfolio highlights

  • Origami Labs Limited — Redefining the mobile computing experience through screen-free, voice and gesture-based products and services.
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Abacus Tech
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in Hong Kong Hardware startups

Abacus Tech is a future of Agricultural Machinery.

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Investment focus

  • Industry: Big Data, Software, Analytics
  • Stage:Seed
  • Geography: Hong Kong

Investor stats

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

Portfolio highlights

  • Dayta AI — SaaS Shopper Analytics - Cyclops presents you insightful data like shopper demographics, bahavioral metrics and many more. Drive more sales and traffic with AI now!
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SpeedPixel Ventures
VC Fund · 1 investments in Hong Kong Hardware startups

SpeedPixel's 100% Hong Kong developed SOC IC chip solution revolutionize the wireless video infant monitor products.

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Investment focus

  • Industry: Wearables, Hospitality, Product Design
  • Stage:Seed
  • Geography: Hong Kong

Investor stats

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

Portfolio highlights

  • Origami Labs Limited — Redefining the mobile computing experience through screen-free, voice and gesture-based products and services.
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NGC Ventures
VC Fund · 1 investments in Hong Kong Hardware startups

NGC Ventures has been investing in blockchain since 2017, with an investment thesis driven by infrastructure. We are an early-stage VC fund, among others, we invested early into Ziliqa, Solana, Avalanche, Filecoin. We have a global team of crypto natives that offers support and insights into token design, go-to-market and more.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Hong Kong

Investor stats

  • Total investments: 41
  • Lead/follow: no public data

Portfolio highlights

  • Soulbound — Saga is a decentralized gaming community that aims to improve and grow the metaverse by creating a chain-agnostic market infrastructure.
  • Amulet Protocol — Simple, Reliable Cover For Everyone in Web3
  • Xverse — Xverse is the most advanced and user-friendly Bitcoin wallet. Earn BTC, trade Ordinals, and connect to Web3 apps powered by Stacks. Download for iOS, Android and Chrome.
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NewTribe Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Hong Kong Hardware startups, 11 in the past 12 months

NewTribe Capital specializes in early-stage Web3 blockchain investments in Asia, Europe, and MENA. Discover our portfolio, team, etc.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Initial Coin Offering
  • Geography: Singapore, United States, Switzerland

Investor stats

  • Total investments: 56
  • Lead/follow: no public data

Portfolio highlights

  • Rivalz Network — Rivalz is creating The first AI Intel Layer, powered by a DePIN-based RollApp on Dymension using Celestia/EigenDA.
  • SecondLive — SecondLive is a diversified metaverse focused on building social networks and supporting creator economic activities.
  • KIP Protocol — KIP Protocol is a decentralised AI framework unlocking digital property rights of Knowledge Assets in the AI-powered future.
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Linear Capital Partners
VC Fund · Los Angeles, California, United States · 1 investments in Hong Kong Hardware startups

Linear Capital Partners is a corporate finance firm that specializes in mergers, reverse mergers, and acquiring private capital.

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Investment focus

  • Industry: Artificial Intelligence, Big Data, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: China, Hong Kong, Germany

Investor stats

  • Total investments: 14
  • Lead/follow: no public data

Portfolio highlights

  • Agile Robots AG — Connecting artificial intelligence and the physical world. Agile Robots AG is a high-tech startup based in Munich. We are a spin-off of the German Aerospace Center (DLR) looking to push the boundaries of robotics.
  • Sensors Data — Sensors was founded in 2015 by Sang Wenfeng, former technology manager at Baidu Inc's big data department. It currently provides big data analysis services for over 300 companies, including bike sharing company ofo, Chinese workout mobile app Keep, and video sharing and live streaming app Miaopai.
  • GV20 Therapeutics — GV20 Oncotherapy is a Healthcare Company.
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CP Ventures
VC Fund · Sydney, New South Wales, Australia · 1 investments in Hong Kong Hardware startups

CP Ventures is a VC fund that invests internationally in early stage, highly scalable, breakthrough technology companies driven by the 4IR

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Australia, United States, India

Investor stats

  • Total investments: 52
  • Lead/follow: no public data

Portfolio highlights

  • Anility — Embed financial health insights within your application using our world leading API service
  • Ahura AI — Ahura AI, an EdTech startup using artificial intelligence to create personalized learning tools that replicate a 1-to-1 learning experience
  • Ensuredit — ENSUREDIT enables and empowers end customers and Insurance Intermediaries with AI-based product platforms for transformational customer experience.
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ZipX
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in Hong Kong Hardware startups

ZipX Bermuda, Shop Globally, Delivered Locally. Your Address in the USA

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Investment focus

  • Industry: Delivery, Logistics, E-Commerce
  • Stage:Series A
  • Geography: Hong Kong

Investor stats

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

Portfolio highlights

  • pickupp — The Logistics Tech Company
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Fenbushi Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in Hong Kong Hardware startups

Fenbushi Capital is the first and most active blockchain-focused venture capital firm in Asia. Founded in Shanghai in 2015 by veterans across both blockchain and traditional financial industries, it has to date supported over 80 leading projects across 4 continents leveraging blockchain technology to reshape myriad industries such as finance,healthcare, supply chain, and consumer goods. Fenbushi’s mission is to drive healthy and sustainable growth in the global blockchain ecosystem, and actively works as a long-term strategic partner to its portfolio projects.

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Investment focus

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

Investor stats

  • Total investments: 197
  • Round size: Seed $1.3M–$10M; Series A $4.3M–$30M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • SIBEX — Trade securely and directly between BTC and any ERC20 - Atomic cross-chain swaps. No Account Creation. No middlemen. Global Liquidity.
  • OceanEx — OceanEx is one of the fastest-growing and reputable cryptocurrency exchange.
  • BlockSeer — Raw data; real insight. Built for Bitcoin mining teams that want answers, not overhead. Free Bitcoin transaction explorer and wallet monitoring tool.
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Hardware VC funding in Hong Kong at a glance

Stats across 199 deals from 385 investors.

385
investors
in Hong Kong Hardware startups
199
deals
in Hong Kong Hardware startups
$3.5M
median round
in Hong Kong Hardware startups
31%
lead investors
lead at least one round
37%
Seed
most common funding stage

Access all 385 VC funds in Hong Kong Hardware startups.

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