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Top 40 Infrastructure VC Funds & Investors in China (July 2026)

The most active venture capital funds investing in China Infrastructure startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Infrastructure startup companies. Find investors to raise a Series A, Series B or Series C round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Glory Ventures
VC Fund
3 China, Israel, United States Series A, Seed, Series B Artificial Intelligence, Software, Manufacturing $3M–$227M
Sinovation Ventures
VC Fund
2 China, United States, Singapore Series A, Seed, Series B Software, Artificial Intelligence, Internet $1M–$110M
Huanxu Real Estate
VC Fund
1 China Seed Construction, Infrastructure
Qianshan Capital
VC Fund
1 China, United States Angel, Series A, Series C Software, Child Care, Health Care $458k–$1.5M
Alibaba Cloud
VC Fund
1 China, Australia, Saudi Arabia Seed, Series A, Series B Artificial Intelligence, Software, Generative AI $1.4M–$140M
Aerospace Development Industry Investment Group
VC Fund
1 China Seed Aerospace, Infrastructure, Information Services
Mount Morning Capital
VC Fund
1 China Series A, Seed, Series B Software, Information Technology, E-Commerce $1.4M–$38M
Tongxinyuan Group
VC Fund
1 China Seed Semiconductor, Infrastructure, Application Specific Integrated Circuit (ASIC)
Tencent
VC Fund
1 China, United States, United Kingdom Series B, Series A, Series C Software, Financial Services, Artificial Intelligence $3.9M–$400M
Sumitomo Corporation Equity Asia
VC Fund
1 China, Singapore, United States Series A, Series B, Series C Logistics, Health Care, E-Commerce $1.4M–$70M
Source Code Capital
VC Fund
1 China, United States, Singapore Series B, Series A, Series C Software, Artificial Intelligence, E-Commerce $2M–$200M
Sino-Singapore Capital
VC Fund
1 China Seed, Series A, Series B Manufacturing, Medical, Electronics $1.4M–$30M
Zhipu AI
VC Fund
1 China Seed, Angel, Series A Artificial Intelligence, Software, Robotics $1.4M–$100M
Puxin Capital
VC Fund
1 China, Switzerland, United States Series B, Series A, Series C Pharmaceutical, Information Technology, Sensor
SIIC Investment
VC Fund
1 China Series A, Series C Hardware, Electronics, Manufacturing
CRRC
VC Fund
1 China Series A, Series B Manufacturing, Semiconductor, Automotive $14M–$283M
Yuhang Transportation Investment Group
VC Fund
1 China Series A Infrastructure, Transportation, Autonomous Vehicles
Shenzhen Angel FOF
VC Fund
1 China, Switzerland, United States Series A, Seed, Series B Hardware, Electronics, Artificial Intelligence $1.4M–$28M
Intel Capital
VC Fund
1 United States, Israel, China Series B, Series A, Series C Software, Information Technology, Enterprise Software $4.1M–$75M
Tsinghua Capital
VC Fund
1 China, Australia Seed, Angel, Series A Manufacturing, Artificial Intelligence, Biotechnology $425k–$74M
Singtel Innov8
VC Fund
1 United States, Singapore, China Series A, Series B, Series C Software, Mobile, Cyber Security $4M–$80M
Puhua Capital
VC Fund
1 China, United Kingdom, United States Series A, Series B, Seed Health Care, Medical, Manufacturing $1.4M–$103M
China Structural Reform Fund
VC Fund
1 China, Israel, Hong Kong Series A, Series B, Series C Manufacturing, Semiconductor, Biotechnology $6.8M–$2.6B
Goldman Sachs
VC Fund
1 United States, India, China Series C, Series B Software, Financial Services, FinTech $13M–$150M
Deutsche China Capital
VC Fund
1 China Series A, Series C Hardware, Electronics, Manufacturing
Shenzhen Capital Group
VC Fund
1 China, United States, Japan Series A, Series B, Series C Manufacturing, Health Care, Software $1.5M–$156M
ZJ Innopark (Zhangjiang Hi-Tech Park)
VC Fund
1 China Series A, Series B, Series C Manufacturing, Software, Health Care $2.1M–$1.2B
Dongfeng Asset Management
VC Fund
1 China, United States Series A, Series C Manufacturing, Automotive, Energy $28M–$525M
Funding Global Innovation
VC Fund
1 China Series C, Series A, Series B E-Commerce, Manufacturing, TV $5.3M–$1.2B
Vertex Ventures
VC Fund
1 United States, China, Israel Series A, Series B, Series C Software, Information Technology, Artificial Intelligence $3M–$100M
Xinxing Fund
VC Fund
1 China Series B, Series A, Series C Health Care, Biotechnology, Medical $15M–$28M
Hongsheng Capital
VC Fund
1 China Angel, Series A, Seed Health Care, Medical, Hospital
Huasuanbang Group
VC Fund
1 China Seed Construction, Infrastructure
China Growth Capital
VC Fund
1 China, United States, Hong Kong Series A, Series B, Seed Software, Information Technology, E-Commerce $1M–$55M
CMF Venture Capital
VC Fund
1 China Series A, Series C Hardware, Electronics, Manufacturing
Shunding Wulian
VC Fund
1 China Seed Construction, Infrastructure
Huajia Investment
VC Fund
1 China Seed Construction, Infrastructure
Vertex Ventures Israel
VC Fund
1 Israel, United States, Canada Series A, Series B, Series C Software, Information Technology, Artificial Intelligence $3.5M–$100M
Hua Di Investment
VC Fund
1 China Series A Infrastructure, Digital Signage
H&Q Asia Pacific
VC Fund
1 United States, China, Singapore Series A, Series B, Series C Software, Information Technology, Manufacturing $5.3M–$630M
Access all 108 VC funds in China Infrastructure startups.

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

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Investor list

Glory Ventures
VC Fund · Shanghai, Shanghai, China · 3 investments in China Infrastructure startups

Glory Ventures is a cross-border venture capital fund established by a new generation of investors with a global perspective. Already achieving excellent performance, the investment team has plentiful experience in both China and Israel's high-tech and venture capital industries. The unique advantages by which Glory Ventures distinguishesitself from other domestic venture capitalists lie in the fact that it is a research-driven VC that realizes the value of an entire industrial value chain. They integrate industrial resources from the private equity markets and public-listed companies to build strategic synergy. They deliberate exits by both M&A and IPO, taking into consideration both opportunities. Thus, they strive to build an ecosystem across various industries through investment in specific value-chains and providing value-added services that lead to synergetic exits. With a clear multi-industrial positioning backed by their professional and outstanding investment team, Glory Ventures has been highly recognized by Chinese first-class investors and has won the strategic investments of famous organization such as Banyan Capital, major shareholders from various A-share listed companies, founding team of Dianping.com, and many others, making it a top-tier investment ecosystem combining early-stage venture capital investment and the integration of high-end entrepreneurs and industrial resources. Currently, Glory Ventures invests actively in Israel and China, but their global vision encompasses much more. In Israel, Glory Ventures invests in customer-proved, disruptive innovative companies which are synergistic with China’s enormous consumer market, including companies in the field of intelligent hardware, IoT, AI, computer vision. In China, Glory Ventures invests in subsectors such as B2B enterprise service, consumption upgrade, and IoT. Their portfolio includes 20+ stellar companies in the fields of AI, IoT, Fintech and consumption upgrade, over half of which have won the follow-up investment from the industrial capital and famous funds like HTC, Quanta Computer, Alibaba, Shanda Networks, Wind, Crystal Optoelectronics, Join-In Group, and Fortune Capital.

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Investment focus

  • Industry: Artificial Intelligence, Software, Manufacturing
  • Stage:Series A, Seed, Series B
  • Geography: China, Israel, United States

Investor stats

  • Total investments: 101
  • Round size: Seed $3M–$14M; Series A $7.1M–$113M; Series B $14M–$227M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Kongshanci — Kongshanci specializes in non-invasive brain-computer interfaces and neuromodulation.
  • Botai Automation — Botai Automation is specialized in CNC system research and development. Its CNC system can be used in machine tools, including drilling and tapping machines, turning and milling compound machining centers and their control accuracy, stability, and performance outperform earlier products of the same type.
  • Intelligent Knowledge — Intelligent Knowledge focuses on automated knowledge acquisition and integration, using advanced artificial intelligence and data processing technologies to extract, organize, and manage structured knowledge from complex and diverse information sources.
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Sinovation Ventures
VC Fund · Beijing, Beijing, China · 2 investments in China Infrastructure startups

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

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Investment focus

  • Industry: Software, Artificial Intelligence, Internet
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 260
  • Round size: Seed $1M–$10M; Series A $1.4M–$28M; Series B $10M–$110M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $203M in 2022

Portfolio highlights

  • ImageDT — ImageDT is a Enterprise services company.
  • Ruoban Technology — Ruoban Technology, an embodied intelligence firm, is focused on the study and development of intelligent robots for unstructured household scenarios.
  • FrameLeap Technology — FrameLeap Technology is the focusing company on large-scale model applications for digital sales employees through a three-in-one architecture of application + model + infrastructure, it creates enterprise-level digital sales employees to drive business growth.
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Huanxu Real Estate
VC Fund · 1 investments in China Infrastructure startups

Huanxu Real Estate is an investment firm.

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Investment focus

  • Industry: Construction, Infrastructure
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Huazhen Technology — Huazhen Technology specialized in the development of a new digital infrastructure for industrial parks. It provides a full-process digital closed-loop solution for industrial park operation and management, including recruitment, management, control, and construction, and assists property management companies, owners, developers, and relevantgovernment departments in improving park operating efficiency and attracting regional investment.
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Qianshan Capital
VC Fund · Chaoyang, Liaoning, China · 1 investments in China Infrastructure startups

Qianshan Capital is a private equity investment platform that focuses on China's leading private equity investment institutions, focusing on new industries such as smart industry, pan-entertainment, financial technology, smart logistics, and consumer upgrades.

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Investment focus

  • Industry: Software, Child Care, Health Care
  • Stage:Angel, Series A, Series C
  • Geography: China, United States

Investor stats

  • Total investments: 9
  • Round size: Angel $458k–$463k; Series A $1.5M–$1.5M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Epintek — Epintek is a one-stop service platform for medical equipment.
  • Kunlun Core — Kunlun Chip is a chip business company under Baidu.
  • Nongmiao Xiaoer — Nongmiao Xiaoer" is a comprehensive B2B fresh supply chain trading platform that uses data to drive the use of Internet technology to provide data matching, trunk logistics, sales solutions and after-sales support for agricultural products from rural to urban areas. Committed to using Internet technology, a transparent and open digital system,and matching transaction models to minimize the loss and cost control of the fresh produce supply chain. Promote efficient, secure, and transparent transaction docking between production and sales, and provide a digital and transparent trading environment for agricultural product transactions.
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Alibaba Cloud
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Infrastructure startups

Alibaba Cloud offers a integrated suite of cloud products and services that are reliable and secure, to help you build cloud infrastructure, data centers in multi regions empower your global business. Try for Free.

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Investment focus

  • Industry: Artificial Intelligence, Software, Generative AI
  • Stage:Seed, Series A, Series B
  • Geography: China, Australia, Saudi Arabia

Investor stats

  • Total investments: 16
  • Round size: Seed $2M–$6M; Series A $1.4M–$140M; Series B $14M–$100M
  • Lead/follow: 56% lead, 44% follow

Portfolio highlights

  • Yipuji — Yipuji provides modular data center infrastructure products and integrated engineering services that support the planning, design, prefabrication, and deployment of scalable data center facilities. The company’s portfolio includes prefabricated (modular) data center solutions such as all-in-one systems, flatpack edge modules, liquid-cooling modulestailored for high-performance computing, and functional modular components that help streamline construction workflows. It combines research, development, manufacturing, and technical service capabilities to deliver standardized yet customizable modules that aim to shorten build cycles and support technical teams in meeting project specifications. Yipuji also engages in product innovation and collaborates with technology partners to develop solutions for emerging needs like AI data centers and energy-efficient thermal management. The business integrates prefabrication with on-site delivery coordination, technical support resources, and engineering services to assist customers from design through implementation. Its activities include engineering research, ongoing technical support, and collaborations with academic and industry organizations to advance modular data center technologies.
  • Astra Nova — Astra Nova is an AI-native entertainment ecosystem fusing no-code games, interactive comics, and creator tools. Backed by NVIDIA Inception & Shiba Inu.
  • Zhenxiang Information — Zhenxiang Information is a business information platform.
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Aerospace Development Industry Investment Group
VC Fund · 1 investments in China Infrastructure startups

Aerospace Development Industry Investment Group is a state-owned investment management company specializing in the aerospace sector.

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Investment focus

  • Industry: Aerospace, Infrastructure, Information Services
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Beijing Aerospace Network Technology — Beijing Aerospace Network Technology is at the forefront of innovation, dedicated to developing and building the next-generation aerospace information infrastructure. The company focuses on integrating advanced communication technologies, data systems, and intelligent networking solutions to support the evolving needs of the aerospace industry.
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Mount Morning Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Infrastructure startups

Mount Morning Capital is an investment firm that invests in healthcare and TMT industries.

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Series A, Seed, Series B
  • Geography: China

Investor stats

  • Total investments: 36
  • Round size: Seed $14M–$14M; Series A $1.4M–$24M; Series B $3M–$38M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • AI-LINK — AILINK is committed to being a pioneer and leader in mobile network and edge computing infrastructure in the AI era. The company currently focuses on intelligent manufacturing and other digital transformation scenarios. Its products are built on OICT (Operational and Information Communications Technology) integration, with a focus on industrial environments. AILINK offers end-to-end, scenario-driven 5G-to-B products and solutions, providing seamless industrial adaptation, enhanced smart operations, and simplified management. This enables plug-and-play deployment of private 5G network, accelerating the growth of new productivity models.
  • Kernelsoft — Kernelsoft focuses on automotive software and intelligence solutions. Its products and services are driven by autonomous systems that provide dependable safety verification.
  • Zhongke Jiahe — Zhongke Jiahe develops compilation technology and aspires to build a universal, low-cost, high-performance fundamental software tool chain.
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Tongxinyuan Group
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in China Infrastructure startups

Tongxinyuan Group is a large service organization that specializes in international asset allocation advice.

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Investment focus

  • Industry: Semiconductor, Infrastructure, Application Specific Integrated Circuit (ASIC)
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Numcore — Shuxin Micro provides digital economy infrastructure services. Shuxin Micro collaborated with the national CA certification center to create the infrastructure product "digital chip + digital management system" for the building of the digital economy throughout the industry.
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Tencent
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Infrastructure startups

Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks. Tencent has maintained steady growth under its user-oriented operatingstrategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others.In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively.Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.

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Investment focus

  • Industry: Software, Financial Services, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, United Kingdom

Investor stats

  • Total investments: 557
  • Round size: Series A $3.9M–$142M; Series B $15M–$283M; Series C $35M–$400M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • VSPN — VSPN is an internet sports and cultural media company that focuses its business on e-sports. It provides core marketing and entertainment content operations as its core business, providing brand marketing, artist brokerage, e-sports TV, and e-sports venues.Founded in 2015, Quantum Sports VSPN (Versus Programming Network) and is based in Shanghai,China.
  • Gaana — Gaana.com- Listen & Download latest MP3 songs online. Download new or old Hindi songs, Bollywood songs, English songs* & more on Gaana+ and play offline. Create, share and listen to streaming music playlists.
  • Viva Wallet — Viva Wallet is a cloud-based neobank that offers card acceptance services for businesses.
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Sumitomo Corporation Equity Asia
VC Fund · Central, Hong Kong Island, Hong Kong · 1 investments in China Infrastructure startups

Welcome to the official website of Sumitomo Corporation, a leading integrated trading company engaged in diverse businesses based on its global network.

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Investment focus

  • Industry: Logistics, Health Care, E-Commerce
  • Stage:Series A, Series B, Series C
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 15
  • Round size: Series A $1.4M–$21M; Series B $5M–$47M; Series C $25M–$70M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • YQN — YQNLink specializes in digital logistics, providing a comprehensive suite of international logistics services. This includes sea freight, air freight, rail freight, and multimodal transportation solutions. With a focus on leveraging digital technology, YQNLink aims to enhance supply chain transparency and efficiency, making shipping processessimpler for businesses. The company offers consultative services to tailor logistics solutions to specific business needs, ensuring a streamlined and effective logistics strategy. YQNLink's acquisition of COPE, a cross-border e-commerce logistics firm, further expands its capabilities in serving the e-commerce sector.
  • AIsa — AIsa is the capability layer for the Agentic Economy. Everything AI agents need to reason, act, and transact. Pay per call.
  • Naluri Life — Naluri is a human-driven, AI-augmented digital health solution that delivers improvements in mental and physical health.
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Access 48,091 investors

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

Browse database — It's Free!
Source Code Capital
VC Fund · Chaoyang, Liaoning, China · 1 investments in China Infrastructure startups

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

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Investment focus

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

Investor stats

  • Total investments: 260
  • Round size: Series A $2M–$50M; Series B $14M–$100M; Series C $32M–$200M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $580M in 2021

Portfolio highlights

  • YQN — YQNLink specializes in digital logistics, providing a comprehensive suite of international logistics services. This includes sea freight, air freight, rail freight, and multimodal transportation solutions. With a focus on leveraging digital technology, YQNLink aims to enhance supply chain transparency and efficiency, making shipping processessimpler for businesses. The company offers consultative services to tailor logistics solutions to specific business needs, ensuring a streamlined and effective logistics strategy. YQNLink's acquisition of COPE, a cross-border e-commerce logistics firm, further expands its capabilities in serving the e-commerce sector.
  • Lejian Tech — Lejian Tech is a mixed reality technology and gamification solution that helps people with cervical spine health issues. They provide spinal exercise through entertainment and games. They provide for social and entertainment needs.
  • Starna Therapeutics — Starna Therapeutics offers development of innovative drugs with RNA as the core, and has an industry-leading RNA and organ-selective delivery technology platform with independent intellectual property rights; the company has established a rich R&D pipeline , covering infectious disease vaccines, tumor immunity and other fields.
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Sino-Singapore Capital
VC Fund · Dongcheng, Shaanxi, China · 1 investments in China Infrastructure startups

Sino-Singapore Capital is a private equity firm.

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Investment focus

  • Industry: Manufacturing, Medical, Electronics
  • Stage:Seed, Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 21
  • Round size: Seed $1.4M–$15M; Series A $21M–$30M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • UniX AI — UniX AI possesses advanced research and development capabilities in the domain of embodied intelligent robotics. The team comprises specialists from various disciplines, including structural engineering, electronics, algorithms, and deep learning. This technology company focuses on enhancing the robot's ability to generalize in intricatescenarios.
  • Tiejin Technology — Tiejin Technology is a humanoid robotics company that provides research and development related to micro and ultra-micro bearings.
  • Bennett Optical Technology — Bennet Optical Technology is a high-technology company that designs, manufactures, and supports liquid crystal on silicon (LCoS) optical products and systems.
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Zhipu AI
VC Fund · Haidian, Beijing, China · 1 investments in China Infrastructure startups

Zhipu AI develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, andAutoGLM, a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Zhipu AI supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models.

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Investment focus

  • Industry: Artificial Intelligence, Software, Robotics
  • Stage:Seed, Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 17
  • Round size: Seed $1.4M–$100M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Zhizai Wujie — Zhizai Wujie is a robotics company that specializes in research, development, and application of humanoid robots.
  • Amio Robotics — Amio Robotics focus on developing robot applications in commercial scenarios.
  • PowerEasy Technology — Dynamic Technology is a software developer specializing in artificial intelligence, focusing on the research and development of intelligent robots and the sales of industrial robots.
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Puxin Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Infrastructure startups

Puxin Capital is an investment firm that targets Chinese private equity opportunities. It invests within the Chinese market in a diversified range of industries, including biotechnology, business services, construction, electronics, entertainment, financial services, food, information services, manufacturing, materials, mining, retail, software,technology, and transportation.

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Investment focus

  • Industry: Pharmaceutical, Information Technology, Sensor
  • Stage:Series B, Series A, Series C
  • Geography: China, Switzerland, United States

Investor stats

  • Total investments: 10
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • PaXini Tech — All Scenario Application—Haptic Digitization and Tactile Technology
  • Tage Zhixing — Beijing Tage Zhixing Technology Co., Ltd. is a high-tech enterprise focusing on mining vehicle unmanned driving technology research, product development, and overall engineering solution design and implementation of unmanned mines. Tage Zhixing has launched a car-ground-cloud collaborative smart mine unmanned transportation system, which realizescloud intelligent dispatching management, 4G.
  • Anda Biopharma — Anda Biopharma integrates high-end talents and technologies in tumor genomics, immunology, and vaccinology research, and is committed to developing new personalized therapeutic vaccines for tumors
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SIIC Investment
VC Fund · Shanghai, Shanghai, China · 1 investments in China Infrastructure startups

Having gained approval from the Ministry of Commerce of People’s Republic of China, SIIC Investment (Shanghai) Company Limited (“SIICINV”) was established in 1994 with registered capital of USD 44 million. It is the subsidiary company under Shanghai Industrial Investment (Holdings) Company Limited (“SIIC Group”), with its main focus on investmentin sectors including resources, environmental protection and modern services,etc.As a specialized investment arm of SIIC, SIICINV has had the privilege of being a value creation investment platform provider to ensure our customers to gain access to both domestic and international capital markets. SIICINV’s expansive resources, experiences and networks, offer our entrepreneurs the opportunity to develop their visions into market-leading companies.

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Investment focus

  • Industry: Hardware, Electronics, Manufacturing
  • Stage:Series A, Series C
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Semiconductor Manufacturing International — Semiconductor Manufacturing International Corporation (SMIC) is a semiconductor foundry providing integrated circuit (IC) foundry and technology services at 0.35-micron to 40-nanometer. SMIC develops one-stop turnkey services to meet its customers’ needs. In addition to IC manufacturing, SMIC offers a full range of services that includes designservices, mask manufacturing, and testing. SMIC provides integrated circuit (IC) foundry and technology services on process nodes from 0.35 micron to 28 nanometer. Headquartered in Shanghai, China, SMIC has an international manufacturing and service base. In China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai; a 300mm mega-fab and a majority-owned 300mm fab for advanced nodes in Beijing; 200mm fabs in Tianjin and Shenzhen; and a majority-owned joint-venture 300mm bumping facility in Jiangyin; additionally, in Italy SMIC has a majority-owned 200mm fab. Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai, a 300mm mega-fab in Beijing, a 200mm fab in Tianjin, and a 200mm fab project under development in Shenzhen. SMIC also has customer service and marketing offices in the U.S., Europe, Japan, and Taiwan, and a representative office in Hong Kong.SMIC competes with Taiwan Semiconductor Manufacturing Company, Ltd., United Microelectronics Corporation, GlobalFoundries, Fujitsu Limited, Samsung Electronics Co., Ltd., and Toshiba Corporation.
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CRRC
VC Fund · Haidian, Beijing, China · 1 investments in China Infrastructure startups

CRRC Corporation Limited (China Railway Rolling Stock Corporation) is a Chinese state-owned rolling stock manufacturer. It was formed on 1 June 2015 with the merger of China CNR Corporation and CSR Corporation Limited. CRRC has its headquarters in Beijing.

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Investment focus

  • Industry: Manufacturing, Semiconductor, Automotive
  • Stage:Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 29
  • Round size: Series A $14M–$283M; Series B $29M–$141M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Kunlunyuan — Kunlunyuan offers full-stack technology services for AI big models. It is involved in the research and development of technologies such as native fundamental big models, multimodal big models, AI operating systems.
  • Shangji Semiconductor — Shangji Semiconductor manufactures semiconductor equipment for microelectromechanical and integrated circuit industries.
  • Zhongke Guosheng — Zhongke Guosheng focuses on the research and development and manufacturing of light gas turbines.
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Yuhang Transportation Investment Group
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Infrastructure startups

Yuhang Transportation Investment Group is an investment company that focus on transportation infrastructure companies.

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Investment focus

  • Industry: Infrastructure, Transportation, Autonomous Vehicles
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Hikvision Zhilian — Hikvision Zhilian focus on next generation of traffic information infrastructure serving future autonomous driving and intelligent transportation, and provides vehicles for governments and operating units. Road coordination intelligent transportation products, technologies, overall solutions and information services.
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Shenzhen Angel FOF
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Infrastructure startups, 6 in the past 12 months

Shenzhen Angel FOF is a strategic and policy fund initiated by the Shenzhen Municipal People's Government. It is the first-class benchmark for Shenzhen to complement the short-term venture capital investment and help the seed period. Major policy initiatives for start-up companies. The Angel Fund is funded by the Shenzhen Guiding Fund.

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Investment focus

  • Industry: Hardware, Electronics, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: China, Switzerland, United States

Investor stats

  • Total investments: 15
  • Round size: Seed $1.4M–$1.4M; Series A $14M–$27M; Series B $13M–$28M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Immunofoco — Immunofoco is a biotechnology company that specializes in immune cell drugs for solid tumors patients.
  • Qiaojie Digital — Qiaojie Digital is a robotics company that specializes in the development of solutions for humanoid robots and quadruped robots.
  • Shouyi Technology — Shouyi Technology develops a smart wristband that integrates multi-sensor inputs to accurately capture the hand’s multidimensional movements, empowering mobile smart terminals with precise and intuitive interaction capabilities.
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Intel Capital
VC Fund · Santa Clara, California, United States · 1 investments in China Infrastructure startups

Intel Capital invests in innovative startups targeting cloud and AI infrastructure, edge, 5G, autonomy, cybersecurity, client & gaming, enterprise applications, silicon design and manufacturing, and a wide range of other disruptive technologies.

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Series B, Series A, Series C
  • Geography: United States, Israel, China

Investor stats

  • Total investments: 953
  • Round size: Series A $4.1M–$35M; Series B $7M–$50M; Series C $7M–$75M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Pliops — Pliops' Extreme Data Processor (XDP) speeds up databases, applications, and analytics by 10x while reducing infrastructure costs up to 5x.
  • Untether AI — At Untether AI our mission is to help companies run AI workloads to run neural networks faster, cooler, and cost effectively using at-memory computing.
  • IMS Nanofabrication — IMS Nanofabrication AG (“IMS”) is an Austrian based high-tech company and was founded in Dec 2006 through the merger of the former IMS Nanofabrication GmbH and IMS – Ionen Mikrofabrikations Systeme GmbH.IMS acts as technology innovator and provider for the nanoworld and develops lithography tools for the semiconductor and nanotech industry,concentrating its main efforts presently on the development of an electron multi-beam Mask Exposure Tool (eMET) for the fabrication of leading-edge complex masks and templates.
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Tsinghua Capital
VC Fund · Haidian, Beijing, China · 1 investments in China Infrastructure startups, 34 in the past 12 months

Tsinghua Capital is an investment firm.

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Investment focus

  • Industry: Manufacturing, Artificial Intelligence, Biotechnology
  • Stage:Seed, Angel, Series A
  • Geography: China, Australia

Investor stats

  • Total investments: 86
  • Round size: Seed $1.4M–$74M; Angel $425k–$14M; Series A $2.3M–$18M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Yimou Bio — Yimou Bio focuses on the research and development of small nucleic acid drugs for ophthalmology, aiming to create innovative therapies for the treatment of eye diseases and improve patient outcomes through advanced biotechnology solutions.
  • Xunlin Technology — Xunlin Technology is a metallizing technology company that specializes in surface metallization of ceramic and glass electronic substrates.
  • Blue Pivot Energy Technology — Blue Pivot Energy Technology is a nuclear energy technology company focused on the independent development and commercialization of integrated water-cooled small modular reactors (SMRs).
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Singtel Innov8
VC Fund · Singapore, Central Region, Singapore · 1 investments in China Infrastructure startups

Singtel Innov8, the venture capital arm of the Singtel Group, invests in and partners with innovative tech start-ups worldwide. It has a fund size of US$250 million and its own set of decision making, approval and funding processes. Beyond funding, Singtel Innov8 is a gateway for start-ups to tap on the resources and expertise of the Singtel Group,while enabling the Group to gain access to emerging technologies. Singtel Innov8 focuses its investments on technologies and solutions that can lead to quantum changes in network capabilities, next generation devices, digital services and enablers to enhance customer experience. Headquartered in Singapore, Singtel Innov8 also has offices in San Francisco and Tel Aviv.

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Investment focus

  • Industry: Software, Mobile, Cyber Security
  • Stage:Series A, Series B, Series C
  • Geography: United States, Singapore, China

Investor stats

  • Total investments: 153
  • Round size: Series A $4M–$27M; Series B $9M–$60M; Series C $11M–$80M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $350M in 2010

Portfolio highlights

  • Omny Studio — Omny Studio offers powerful podcasting tools for hosting, monetization, and audience analytics. Start your podcast journey smartly.
  • TokenOne — TokenOne is a Cyber Security software company that makes it easy to replace passwords, tokens and other forms of authentication with a more secure solution.
  • Handprint — Handprint delivers Impact as a Service. As a double-sided market, Handprint connects companies to causes they and their consumers care about. Once a project is selected, companies can make each sale greener through plug-ins (e.g. for e-commerce platforms like Shopify and WooCommerce) that communicate the company’s sustainability pledge and actionat a critical juncture of the consumer journey, the moment of payment.
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Puhua Capital
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Infrastructure startups

Puhua Capital is an equity investment firm that focuses on early and middle project. Puhua Capital provides the required resources and management experience for the invested enterprise, investing funds and more resources and wisdom. Puhua Capital has invested nearly 300 excellent start-ups.

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Investment focus

  • Industry: Health Care, Medical, Manufacturing
  • Stage:Series A, Series B, Seed
  • Geography: China, United Kingdom, United States

Investor stats

  • Total investments: 230
  • Round size: Seed $1.4M–$29M; Series A $1.4M–$42M; Series B $2.8M–$103M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Tinychip — Tinychip is a microelectronics chip company that manufactures analog-to-digital hybrid automotive chips.
  • MindMotion — MindMotion is an electronics company that supplies general-purpose 32-bit MCU products and solutions. The company's MM32 MCU products developed by the company based on the Arm Cortex-M series cores have four series of F/L/SPIN/W, more than 200 models, and a cumulative delivery of more than 300 million units, ranking in theforefront of local general-purpose 32-bit MCU companies.MindMotion was founded in 2011 and is headquartered in Shanghai, China.
  • Nuoyun Drive
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China Structural Reform Fund
VC Fund · Beijing, Beijing, China · 1 investments in China Infrastructure startups

China Structural Reform Fund aims to provide state-owned enterprises support in development, industrial consolidation, professional reorganization, capacity adjustment and international mergers and acquisitions by establishing sub-fund as well as direct investment.

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Investment focus

  • Industry: Manufacturing, Semiconductor, Biotechnology
  • Stage:Series A, Series B, Series C
  • Geography: China, Israel, Hong Kong

Investor stats

  • Total investments: 45
  • Round size: Series A $6.8M–$2.6B; Series B $43M–$283M; Series C $14M–$310M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • SIRUI — SIRUI is an intelligent technology company oriented to key core technologies such as "semiconductor equipment" and "new display".
  • Semisic — Semisic is a domestic enterprise engaged in the production and R&D of silicon carbide, a third-generation semiconductor material.
  • Guorui Xinwei — Guorui Xinwei is an independent industrial software and intelligent manufacturing solutions provider.
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Goldman Sachs
VC Fund · New York, New York, United States · 1 investments in China Infrastructure startups

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Series C, Series B
  • Geography: United States, India, China

Investor stats

  • Total investments: 751
  • Round size: Series B $13M–$150M; Series C $20M–$136M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Persado — AI-powered language generation for messages that resonate with customers, inspire action, and yield never-before-seen levels of ROI. Discover Persado.
  • Digital Asset — As leaders in blockchain technology, Digital Asset empowers customers with Daml, the leading platform for multi-party applications; an innovative smart contract language and Canton, our privacy-enabled distributed ledger technology.
  • BPL Medical Technologies — BPL, the best medical equipment manufacturing company in India is a pioneer in Innovative Medical Technologies and provides complete healthcare solutions.
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Deutsche China Capital
VC Fund · George Town, Midland, Cayman Islands · 1 investments in China Infrastructure startups

Deutsche China Capital was added in 2013.

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Investment focus

  • Industry: Hardware, Electronics, Manufacturing
  • Stage:Series A, Series C
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Semiconductor Manufacturing International — Semiconductor Manufacturing International Corporation (SMIC) is a semiconductor foundry providing integrated circuit (IC) foundry and technology services at 0.35-micron to 40-nanometer. SMIC develops one-stop turnkey services to meet its customers’ needs. In addition to IC manufacturing, SMIC offers a full range of services that includes designservices, mask manufacturing, and testing. SMIC provides integrated circuit (IC) foundry and technology services on process nodes from 0.35 micron to 28 nanometer. Headquartered in Shanghai, China, SMIC has an international manufacturing and service base. In China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai; a 300mm mega-fab and a majority-owned 300mm fab for advanced nodes in Beijing; 200mm fabs in Tianjin and Shenzhen; and a majority-owned joint-venture 300mm bumping facility in Jiangyin; additionally, in Italy SMIC has a majority-owned 200mm fab. Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai, a 300mm mega-fab in Beijing, a 200mm fab in Tianjin, and a 200mm fab project under development in Shenzhen. SMIC also has customer service and marketing offices in the U.S., Europe, Japan, and Taiwan, and a representative office in Hong Kong.SMIC competes with Taiwan Semiconductor Manufacturing Company, Ltd., United Microelectronics Corporation, GlobalFoundries, Fujitsu Limited, Samsung Electronics Co., Ltd., and Toshiba Corporation.
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Shenzhen Capital Group
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Infrastructure startups

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

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Investment focus

  • Industry: Manufacturing, Health Care, Software
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 480
  • Round size: Series A $1.5M–$156M; Series B $14M–$142M; Series C $4.3M–$142M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Prosemi — Pusenmei is a precision micro-resistance current sensor developer company committed to delivering professional and diverse precision micro-resistance current detecting resistors and circuit protection solutions.
  • Waker Biology — Weike Bio is a gene therapy drug development company.
  • Tuowei Tianhai — TWTH committed to minimizing export costs of logistics in China by establishing the most convenient and efficient Sino-US transport brand. It is dedicated to providing Sino-US ocean freight LCL Door-to-Door service, air freight Door-to-Door service, ocean freight FCL Door-to-Door service, international express service, CNRAM and otherinternational freight services.
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ZJ Innopark (Zhangjiang Hi-Tech Park)
VC Fund · Shanghai, Shanghai, China · 1 investments in China Infrastructure startups

ZJ Innopark (Zhangjiang Hi-Tech Park), a national level industrial development zone, was founded in July 1992. It's parent company is 上海张江(集团)有限公司 -- Shanghai Zhangjiang (Group) Co., Ltd. It focuses on integration and innovation in industrial development, so as to draw on the benefits of integrated resources and comprehensive innovativeservices.The Zhangjiang Hi-Tech Park is a technology park in the Pudong district of Shanghai, China. It is operated by Zhangjiang Hi-Tech Park Development Co., Ltd. In some circles, the park is also known as China's Silicon Valley.After nearly two decades of development, Zhangjiang has established innovative industrial clusters in Integrated Circuits, Bio-Tech & Pharmaceutical, Software, Internet and Digital Media. Many of these enterprises are industry leaders in China's domestic market and some have reached to the global stage.By the end of 2010, Zhangjiang has been home to over 6,000 enterprises with combined total revenue of 102.1billion RMB. These enterprises attracts over 150,000 highly skilled hi-tech professionals.

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Investment focus

  • Industry: Manufacturing, Software, Health Care
  • Stage:Series A, Series B, Series C
  • Geography: China

Investor stats

  • Total investments: 42
  • Round size: Series A $2.7M–$1.2B; Series B $2.8M–$142M; Series C $2.1M–$630M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Immorta — Immorta is dedicated on offering high-performance chips made for automobiles. The products are very dependable and stable, and they satisfy the safety and intelligence needs of the industrial control and automotive industries.
  • Zhiman Technology — Zhiman Technology is a cutting-edge technology company specializing in the development and application of vertical large models across various industries. The company places a strong emphasis on the creation of tailored industry-specific models and domain models, positioning these as its core competitive advantage.
  • Zhuoyide Robotics — Zhuoyide Robotics is an intelligent robot developer that focuses on the development and selling of intelligent robot products.
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Dongfeng Asset Management
VC Fund · Wuhan, Hubei, China · 1 investments in China Infrastructure startups

Dongfeng Asset Management is an asset management and investment firm.

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Investment focus

  • Industry: Manufacturing, Automotive, Energy
  • Stage:Series A, Series C
  • Geography: China, United States

Investor stats

  • Total investments: 16
  • Round size: Series A $28M–$525M
  • Lead/follow: 50% lead, 50% follow

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.
  • Shengshi Qichuang — Shengshi Qichuang is a technology-based enterprise specializing in chip development and hardware design for intelligent sensors, intelligent cockpits, and drive-by-wire chassis controllers for new energy vehicles (NEVs).
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Funding Global Innovation
VC Fund · San Francisco, California, United States · 1 investments in China Infrastructure startups

Funding Global Innovation

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Investment focus

  • Industry: E-Commerce, Manufacturing, TV
  • Stage:Series C, Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 9
  • Round size: Series A $40M–$1.2B; Series B $25M–$50M; Series C $5.3M–$630M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • 5173.com — 5173.com is an advanced professional online trading e-commerce platform for online games and digital products in China. Founded in November 2002, its online game trading products involve various fields such as online game equipment, game currency, account numbers, point cards, leveling, props, and other digital point cards.
  • Meituan.com — Meituan.com is a group-buying website specializing in localized consumer services, offering a selection of local restaurants, bars and more.
  • Sinosun Technology — Sinosun Technology (兆日科技) is a Chinese company engaged in the research, development, manufacture, and sale of anti-counterfeiting technologies for the domestic bank industry.The company is focused on applying informational anti-counterfeiting technologies to the anti-counterfeiting of bills, combined with modern encryption technologies. Withconstant researches and innovations in modern encryption technology, security chip technology, information security, and automatic identification technology, the company has achieved a well-known position on several key technologies.
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Vertex Ventures
VC Fund · Palo Alto, California, United States · 1 investments in China Infrastructure startups

Vertex Ventures US is an early stage VC that backs fearless founders building a smarter digital economy through B2B software.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Series B, Series C
  • Geography: United States, China, Israel

Investor stats

  • Total investments: 416
  • Round size: Series A $3M–$28M; Series B $6M–$43M; Series C $9.3M–$100M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Warung Pintar — Platform digital terpercaya untuk membantu warung tradisional Indonesia tumbuh bersama teknologi.
  • Flutura — Accenture discusses how to maximize business potential with Accenture's Industrial Intelligence Suite. Read more.
  • Ace Turtle Omni Pvt Ltd — We help retail businesses in India, Singapore & Malaysia convert multichannel sales & marketing strategies to omnichannel on marketplaces & own websites
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Xinxing Fund
VC Fund · 1 investments in China Infrastructure startups

Xinxing Fund is an investment firm.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Series B, Series A, Series C
  • Geography: China

Investor stats

  • Total investments: 4
  • Round size: Series B $15M–$28M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • PackGene Biotech — PackGene Biotech is a world-leading CRO and CDMO, excelling in AAV vectors, mRNA, plasmid DNA, and lentiviral vector solutions.
  • Hikvision Zhilian — Hikvision Zhilian focus on next generation of traffic information infrastructure serving future autonomous driving and intelligent transportation, and provides vehicles for governments and operating units. Road coordination intelligent transportation products, technologies, overall solutions and information services.
  • Reforgene Medicine — Reforgene Medicine is a biomedical company that uses gene editing and genomic technology to develop new drugs intended to cure genetic diseases.
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Hongsheng Capital
VC Fund · 1 investments in China Infrastructure startups

Hongsheng Capital focuses on equity investment in the healthcare industry.

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Investment focus

  • Industry: Health Care, Medical, Hospital
  • Stage:Angel, Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 7
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • Fuxing Jiaer — Fuxing Jiaer is committed to building an evidence-based pediatric nutritional intervention system.
  • Noah Source Medical — Noah Source Medical is a cutting-edge technological business that specializes in producing high-end full-spectrum flow cytometers through independent research and development.
  • Yili Pharmaceutical — Yili Pharmaceutical is a pharmaceutical R&D company that mainly engages in biochemical product technology R&D, medical research and experimental development, engineering and technology research and experimental development, and software development.
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Huasuanbang Group
VC Fund · 1 investments in China Infrastructure startups

Huasuanbang Group is an investment company.

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Investment focus

  • Industry: Construction, Infrastructure
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Huazhen Technology — Huazhen Technology specialized in the development of a new digital infrastructure for industrial parks. It provides a full-process digital closed-loop solution for industrial park operation and management, including recruitment, management, control, and construction, and assists property management companies, owners, developers, and relevantgovernment departments in improving park operating efficiency and attracting regional investment.
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China Growth Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Infrastructure startups, 6 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 161
  • Round size: Seed $1M–$14M; Series A $1.4M–$40M; Series B $7.1M–$55M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Pavepal — Paitner is an intelligent construction robot developer focuses on construction robot research and is dedicated to offering Chinese robot solutions for the world's dangerous, dirty, and labor-scarce construction industry.
  • Juewu Technology
  • Gongda Laser — Shenzhen Gongda Laser Co., Ltd. is a young high-tech intelligent manufacturing company established in Taoyuan Science and Technology Innovation Park, Bao'an District, Shenzhen. The company's main business is concentrated in the upper reaches of the laser industrial intelligent equipment manufacturing industry. Engaged in the research anddevelopment, production and sales of "advanced short-wavelength fiber lasers" and "laser precision processing solutions". We are a laser company specializing in the R&D, production and application of medium and high power short wavelength (green and ultraviolet) all-fiber lasers. We have 16 years of experience in fiber laser R&D and application. We have developed many types of high-power fiber lasers. Local and international laser equipment manufacturers provide laser solutions with superior performance, and are committed to becoming an international first-line and domestic leading fiber laser supplier.
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CMF Venture Capital
VC Fund · 1 investments in China Infrastructure startups

CMF Venture Capital was added in 2013.

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Investment focus

  • Industry: Hardware, Electronics, Manufacturing
  • Stage:Series A, Series C
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Semiconductor Manufacturing International — Semiconductor Manufacturing International Corporation (SMIC) is a semiconductor foundry providing integrated circuit (IC) foundry and technology services at 0.35-micron to 40-nanometer. SMIC develops one-stop turnkey services to meet its customers’ needs. In addition to IC manufacturing, SMIC offers a full range of services that includes designservices, mask manufacturing, and testing. SMIC provides integrated circuit (IC) foundry and technology services on process nodes from 0.35 micron to 28 nanometer. Headquartered in Shanghai, China, SMIC has an international manufacturing and service base. In China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai; a 300mm mega-fab and a majority-owned 300mm fab for advanced nodes in Beijing; 200mm fabs in Tianjin and Shenzhen; and a majority-owned joint-venture 300mm bumping facility in Jiangyin; additionally, in Italy SMIC has a majority-owned 200mm fab. Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai, a 300mm mega-fab in Beijing, a 200mm fab in Tianjin, and a 200mm fab project under development in Shenzhen. SMIC also has customer service and marketing offices in the U.S., Europe, Japan, and Taiwan, and a representative office in Hong Kong.SMIC competes with Taiwan Semiconductor Manufacturing Company, Ltd., United Microelectronics Corporation, GlobalFoundries, Fujitsu Limited, Samsung Electronics Co., Ltd., and Toshiba Corporation.
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Shunding Wulian
VC Fund · 1 investments in China Infrastructure startups

Shunding Wulian is an investment firm.

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Investment focus

  • Industry: Construction, Infrastructure
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Huazhen Technology — Huazhen Technology specialized in the development of a new digital infrastructure for industrial parks. It provides a full-process digital closed-loop solution for industrial park operation and management, including recruitment, management, control, and construction, and assists property management companies, owners, developers, and relevantgovernment departments in improving park operating efficiency and attracting regional investment.
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Huajia Investment
VC Fund · 1 investments in China Infrastructure startups

Huajia Investment is an investment firm.

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Investment focus

  • Industry: Construction, Infrastructure
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Huazhen Technology — Huazhen Technology specialized in the development of a new digital infrastructure for industrial parks. It provides a full-process digital closed-loop solution for industrial park operation and management, including recruitment, management, control, and construction, and assists property management companies, owners, developers, and relevantgovernment departments in improving park operating efficiency and attracting regional investment.
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Vertex Ventures Israel
VC Fund · Tel Aviv, Tel Aviv, Israel · 1 investments in China Infrastructure startups

We partner early with global-minded entrepreneurs seeking to disrupt large markets

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Series B, Series C
  • Geography: Israel, United States, Canada

Investor stats

  • Total investments: 182
  • Round size: Series A $3.5M–$28M; Series B $4.7M–$35M; Series C $5.6M–$100M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $70M in 2018

Portfolio highlights

  • Rylo — Nagish captions your phone calls and empowers you to talk using text or voice. It's fast, private, and free.
  • Aternity — Unlocking the full potential of your digital experiences has never been more accessible. Illuminate, accelerate and fully leverage the full breadth of possibilities with Riverbed.
  • Quantum Art — Quantum Art develops scalable, multi-core quantum computers with advanced trapped ion qubits and multi-qubit gates, accelerating breakthroughs in AI, finance, and materials science.
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Hua Di Investment
VC Fund · Guangzhou, Guangdong, China · 1 investments in China Infrastructure startups

Hua Di Investment focuses on private equity fund issuance, industrial investment mergers and acquisitions and wealth management.

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Investment focus

  • Industry: Infrastructure, Digital Signage
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • AI-LINK — AILINK is committed to being a pioneer and leader in mobile network and edge computing infrastructure in the AI era. The company currently focuses on intelligent manufacturing and other digital transformation scenarios. Its products are built on OICT (Operational and Information Communications Technology) integration, with a focus on industrial environments. AILINK offers end-to-end, scenario-driven 5G-to-B products and solutions, providing seamless industrial adaptation, enhanced smart operations, and simplified management. This enables plug-and-play deployment of private 5G network, accelerating the growth of new productivity models.
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H&Q Asia Pacific
VC Fund · Palo Alto, California, United States · 1 investments in China Infrastructure startups

H&Q Asia Pacific (H&QAP) is a leading Asian private equity firm. Originally founded by Dr. Ta-lin Hsu as a division of U.S. investment banking firm Hambrecht & Quist, H&QAP is currently an independent organization that conducts both later-stage control investments and earlier-stage venture capital investments. It focuses on growthsectors including technology, technology manufacturing, consumer brands and financial services. The firm's offices are located in the principal markets of Asia as well as in the Silicon Valley, providing it with a unique combination of local market presence and global perspective. H&QAP is dedicated to identifying superior commercial potential in Asia and working closely with companies to unlock that untapped potential. Throughout its rich history, H&QAP has developed an extensive network specifically geared towards helping its portfolio companies emerge into global business leaders.

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Series A, Series B, Series C
  • Geography: United States, China, Singapore

Investor stats

  • Total investments: 38
  • Round size: Series A $5.3M–$31M; Series B $7.2M–$32M; Series C $7.9M–$630M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • FST NETWORK — Data Preparation Made Easy FST Network helps Associate, Curate & Oversee Data Process within Data Pipelines with Full Lineage & Audibility with a seamless integrated low code platform.
  • EOC Pharma Group — EOC Pharma is an integrated biopharmaceutical company that is focused on the manufacturing, development and commercialization of innovative global oncology products in China. They have adopted a licensing model in order to build EOC’s innovative pipeline by plugging their partner’s molecule into EOC’s “core engine” of local manufacturing,clinical development, regulatory filing, and commercialization. The company has a pipeline of seven novel products from global biopharmaceutical partners that are potentially first- and best-in-class. Until now, EOC has obtained four Class I innovative drug CTA approvals and initiated clinical studies of four lead products in China.,EOC has a team of entrepreneurs and consultants with overseas background that boasts of first-class pharmaceutical R&D expertise as well as rich industry experience. The company owns an 8,000 square meter cGMP manufacturing facility in Taizhou, China Medical City and has offices in Shanghai, Beijing, Hong Kong and Los Angeles.EOC will leverage forward-looking licensing which will provide product opportunities to their integrated platform, generating a highly strategic portfolio. Ultimately, this will position EOC at the top of oncology innovation in China.
  • Hyphen Group — MoneyHero Group is a portfolio of digital finance companies that exists to bridge the gap between people and finance. We accelerate the digitisation and growth of the financial industry, and empower consumers to build healthier financial lives.
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Infrastructure VC funding in China at a glance

Stats across 51 deals from 108 investors.

108
investors
in China Infrastructure startups
51
deals
in China Infrastructure startups
$21M
median round
in China Infrastructure startups
29%
lead investors
lead at least one round
22%
Series B
most common funding stage

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