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Top 50 Internet VC Funds & Investors in Asia (November 2026)

The most active venture capital funds investing in Asia Internet startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Asia Internet startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
East Ventures
VC Fund
112 Japan, Indonesia, Singapore Seed, Series A, Venture - Series Unknown Software, Information Technology, E-Commerce $165k–$27M
IDG Capital
VC Fund
110 China, United States, Singapore Series A, Series B, Seed Internet, Software, E-Commerce $600k–$110M
SOSV
VC Fund
94 United States, China, Canada Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software $25k–$5M
ZhenFund
VC Fund
77 China, United States, Singapore Seed, Series A, Angel Software, Artificial Intelligence, Information Technology $98k–$22M
Antler
VC Fund
77 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
HSG
VC Fund
73 China, United States, Singapore Series A, Series B, Seed Artificial Intelligence, Health Care, Software $2M–$200M
Matrix Partners China
VC Fund
66 China, United States, Singapore Series A, Series B, Seed Health Care, Software, Information Technology $1.2M–$137M
Global Brain Corporation
VC Fund
58 Japan, United States, South Korea Series A, Series B, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $516k–$48M
Incubate Fund
VC Fund
57 Japan, United States, India Seed, Series A, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $289k–$20M
Wavemaker Ventures
VC Fund
54 United States, Singapore, Philippines Seed, Series A, Venture - Series Unknown Software, E-Commerce, Information Technology $650k–$18M
Shunwei Capital
VC Fund
50 China, United States, India Series A, Series B, Seed Manufacturing, Software, Artificial Intelligence $1M–$74M
Gobi Partners
VC Fund
49 China, Hong Kong, Malaysia Venture - Series Unknown, Series A, Seed E-Commerce, Financial Services, Software $300k–$100M
Orbit Ventures
VC Fund
49 China, United States, India Seed, Pre-Seed, Convertible Note E-Commerce, Software, Artificial Intelligence $30k–$20M
DNX Ventures
VC Fund
47 Japan, United States, Canada Seed, Series A, Series B Software, Information Technology, Artificial Intelligence $482k–$38M
Sinovation Ventures
VC Fund
45 China, United States, Hong Kong Series A, Seed, Series B Software, Artificial Intelligence, Health Care $882k–$74M
Mizuho Capital
VC Fund
44 Japan, United States, Singapore Venture - Series Unknown, Series A, Series B Information Technology, Software, Artificial Intelligence $581k–$47M
Qiming Venture Partners
VC Fund
43 China, United States, Hong Kong Series A, Series B, Series C Health Care, Biotechnology, Medical $4M–$120M
SMBC Venture Capital
VC Fund
42 Japan, United States, Singapore Venture - Series Unknown, Series A, Series B Software, Information Technology, Health Care $712k–$34M
Mitsubishi UFJ Capital
VC Fund
41 Japan, United States, Israel Venture - Series Unknown, Series A, Seed Software, Information Technology, Manufacturing $482k–$19M
ANRI
VC Fund
40 Japan, United States, Indonesia Seed, Series A, Venture - Series Unknown Software, Health Care, Information Technology $253k–$34M
Source Code Capital
VC Fund
33 China, United States, Singapore Series A, Series B, Series C Artificial Intelligence, Software, E-Commerce $1.5M–$200M
K2VC
VC Fund
33 China, United States, Hong Kong Angel, Series A, Seed E-Commerce, Manufacturing, Software $417k–$25M
Plum Ventures
VC Fund
33 China, United States, Hong Kong Series A, Angel, Seed Manufacturing, E-Commerce, Internet $441k–$28M
Gaorong Capital
VC Fund
32 China, United States, Singapore Series A, Series B, Seed Artificial Intelligence, Information Technology, Software $1.6M–$110M
BEENEXT
VC Fund
31 India, Japan, Indonesia Seed, Series A, Series B Software, E-Commerce, FinTech $456k–$50M
JAFCO
VC Fund
31 Japan, United States, India Series A, Series B, Venture - Series Unknown Information Technology, Software, Artificial Intelligence $1.4M–$36M
Nissay Capital
VC Fund
31 Japan, United States, Ethiopia Venture - Series Unknown, Seed, Series A Health Care, Software, Information Technology $455k–$11M
5Y Capital
VC Fund
29 China, United States, India Series A, Series B, Series C Artificial Intelligence, Software, Biotechnology $2.4M–$400M
Quest Ventures
VC Fund
29 Singapore, Malaysia, Kazakhstan Seed, Pre-Seed, Series A E-Commerce, Software, Information Technology $50k–$10M
GGV Capital
VC Fund
28 United States, China, Singapore Series B, Series A, Series C Software, Information Technology, Artificial Intelligence $4.9M–$150M
Genesia Ventures
VC Fund
27 Japan, Vietnam, Indonesia Seed, Series A, Venture - Series Unknown Information Technology, Software, Artificial Intelligence $404k–$11M
Lenovo Capital
VC Fund
27 China, Hong Kong, United States Series A, Seed, Series B Manufacturing, Artificial Intelligence, Software $1.4M–$150M
Peak XV Partners
VC Fund
26 India, United States, Singapore Series A, Seed, Series B Software, Artificial Intelligence, Financial Services $1.5M–$60M
Fortune Venture Capital
VC Fund
26 China, Japan, United States Series A, Series B, Seed Manufacturing, Information Technology, Software $462k–$73M
Shenzhen Capital Group
VC Fund
26 China, United States, Japan Series A, Series B, Seed Manufacturing, Health Care, Software $1.4M–$141M
Meridian Capital Asia
VC Fund
26 China, United States, India Series A, Angel, Series B Software, Information Technology, Internet $161k–$62M
GSR Ventures
VC Fund
25 China, United States, Singapore Series A, Seed, Series B Artificial Intelligence, Software, Information Technology $1.6M–$65M
Legend Capital
VC Fund
24 China, United States, South Korea Series B, Series A, Series C Health Care, Medical, Biotechnology $1.6M–$200M
STRIVE
VC Fund
24 Japan, India, Indonesia Seed, Series A, Series B Software, E-Commerce, Internet $500k–$25M
Qingsong Fund
VC Fund
24 China, United States, Canada Series A, Angel, Seed Manufacturing, Education, Internet $165k–$28M
Zhonglu Capital
VC Fund
23 China, Taiwan, United States Angel, Series A, Venture - Series Unknown Software, E-Commerce, Internet $162k–$54M
Animoca Brands
VC Fund
22 United States, Singapore, United Kingdom Seed, Series A, Pre-Seed Blockchain, Gaming, Cryptocurrency $100k–$40M
Xiaomi
VC Fund
22 China, India, United States Series A, Series B, Angel Manufacturing, Software, Electronics $435k–$70M
Sequoia Capital
VC Fund
22 United States, China, India Series A, Series B, Seed Software, Artificial Intelligence, Information Technology $1.2M–$100M
Northern Light Venture Capital
VC Fund
22 China, United States, South Korea Series A, Series B, Venture - Series Unknown Health Care, Medical, Biotechnology $1.5M–$60M
BAI capital
VC Fund
21 China, United States, Hong Kong Series A, Series B, Seed Software, Internet, Financial Services $2.9M–$100M
Decent Capital
VC Fund
21 China, United States, Singapore Seed, Angel, Series A Internet, Information Technology, Software $425k–$25M
DCM Ventures
VC Fund
21 United States, China, Japan Series A, Series B, Series C Software, Internet, E-Commerce $3M–$100M
Daiwa Corporate Investment
VC Fund
20 Japan, United States, France Venture - Series Unknown, Series A, Seed Software, Manufacturing, Health Care $310k–$9.2M
CDH Investments
VC Fund
20 China, United States, Canada Series A, Series B, Series C Manufacturing, Health Care, Biotechnology $2.9M–$220M
Access all 50 VC funds in Asia Internet startups.

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

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Investor list

East Ventures
VC Fund · Tokyo, Tokyo, Japan · 112 investments in Asia Internet startups

East Ventures is an early stage venture capital (VC) focused on Southeast Asia, Indonesia & Japan. Success cases include Tokopedia, Traveloka, and Mercari.

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Japan, Indonesia, Singapore

Investor stats

  • Total investments: 722
  • Round size: Seed $173k–$5M; Series A $1.9M–$26M; Venture - Series Unknown $165k–$27M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $150M in 2022

Portfolio highlights

  • Sisuta — Sisuta is a purpose-driven organization committed to addressing fundamental social issues by seamlessly integrating human insight with advanced technology, creating innovative solutions that empower individuals, strengthen communities, and unlock the full potential of both people and digital tools to drive sustainable social impact.
  • Tokoshie — Building infrastructure that inspires everyone to create.
  • EveryWill — Every WiLL will hasten the creation of a new logistical infrastructure that addresses social problems, beginning with the "way we receive" our products.
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IDG Capital
VC Fund · Beijing, Beijing, China · 110 investments in Asia Internet startups, 74 in the past 12 months

IDG Capital is a global investment firm partnering with founders to build enduring businesses through capital, expertise, and long-term support.

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Investment focus

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

Investor stats

  • Total investments: 1340
  • Round size: Seed $600k–$50M; Series A $1.6M–$100M; Series B $6.2M–$110M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • DeepSeek — DeepSeek is an artificial intelligence company that develops language models, AI-powered applications, and developer tools for information processing, problem-solving, and software development. Its product portfolio includes a conversational assistant for answering questions, generating text, explaining concepts, writing code, and supporting analytical tasks. The company provides models such as DeepSeek V4.1 Flash and DeepSeek V4, which support reasoning, programming, and other general-purpose AI applications. Through its API platform, DeepSeek enables developers and businesses to integrate its models into software, automated workflows, and AI-powered services. It also publishes technical research, model documentation, and open-weight model releases that allow developers to explore and deploy supported models in their own environments. DeepSeek's services serve individual users, programmers, researchers, and organizations seeking AI tools for everyday tasks, technical development, and application building.
  • NeuroXess — NeuroXess is an invasive brain-computer interface with high-density flexible brain electrodes aimed at brain research and disease diagnosis.
  • PhotonPay — Founded in 2015, PhotonPay is a digital financial infrastructure provider offering global payment solutions to businesses. Our innovative core products include Global Accounts, Card Issuing, Online Payments, Payouts, FX Management and Embedded Finance. PhotonPay has become a Mastercard issuer in Hong Kong and the fintech card issuer in the GreaterChina region of Discover® Network. With a strong compliance culture and technological innovation capabilities, PhotonPay is building a digital payment network to take the friction out of global payments and enhance operational efficiency for businesses operating on a global scale. Headquartered in Hong Kong and providing localized services through nine international offices, PhotonPay partners with a network of top-tier banks and global financial institutions and serves more than 200,000 customers globally.
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SOSV
VC Fund · Princeton, New Jersey, United States · 94 investments in Asia Internet startups

SOSV offers pre-seed capital and follow-on financial support to startups focusing on deep technology and scientific innovation. Founders utilize purpose-built laboratory facilities and engineering spaces to accelerate product development and testing. The firm facilitates connections between entrepreneurs and a network of investors through structured matchmaking events and technology summits.

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Investment focus

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

Investor stats

  • Total investments: 3821
  • Round size: Seed $125k–$5M; Pre-Seed $25k–$1.5M; Convertible Note $50k–$3.6M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $306M in 2023

Portfolio highlights

  • Halla — Halla Intelligence is a digital solution that leverages over 100 billion shopper and product data points to recommend and promote what grocery items.
  • Verdex Technologies — Verdex Technologies is an advanced materials platform technology that uses nanofibers to disrupt industries. Verdex doesn't just compete, it innovates and disrupts.
  • Samphire Neuroscience — Samphire Neuroscience builds clinically validated neurotechnology to support women across their lives. Our wearable devices, Nettle™ and Lutea™, are built on the same underlying brain-stimulation technology, targeting neural pathways involved in pain, mood, stress, and sleep regulation. - Lutea™ is available globally as a wellness device. Itstimulates the same regions of the brain to support stress regulation, sleep, and recovery - key drivers of readiness and long-term performance - allowing athletes and teams to move beyond wellbeing education alone to practical, evidence-based intervention. - Nettle™ is a CE-marked (EU and UK regulated), drug- and hormone-free device that has been clinically shown to improve pain, mood, functionality, and the ability to train during the menstrual cycle, with measurable benefits after one month of use - supporting athletes to maintain training intensity and movement quality during their period. - The Samphire App is the platform controlling all Samphire hardware products with the use of CycleSync™ AI technology: the only one of its kind to support personalized neurotechnology use for women.
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ZhenFund
VC Fund · Beijing, Beijing, China · 77 investments in Asia Internet 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. We believe 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: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 815
  • Round size: Seed $98k–$11M; Angel $425k–$3M; Series A $863k–$22M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $140M in 2022

Portfolio highlights

  • XHEART — XHEART specializes in the designing and development of computing chips for physical AI applications.
  • Snowplus — SNOWPLUS is an e-cigarette brand that provides users with e-cigarette products through a combination of online and offline sales models. The products are available in 12 different types of flavors. The products use TrueFeel honeycomb ceramic atomization technology and Aeroflow intake. Technology; In addition to reference to the existing food-gradestandards in China, Xuejia has also passed a number of third-party certifications in terms of safety. The core components such as atomizing core and cigarette holder comply with the highest medical safety standards of the FDA and the European Union.
  • Futuring Robot — Futuring Robot is a developer of dual-arm home service robots focusing on C-end home scenarios.
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Antler
VC Fund · Singapore, Central Region, Singapore · 77 investments in Asia Internet startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

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

Investor stats

  • Total investments: 2394
  • Round size: Seed $159k–$4.6M; Pre-Seed $100k–$611k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • Praktiki — Praktiki is the AI platform for medical education: expert-led, case-based 5-minute modules HCPs love, built in hours and measured for behaviour change.
  • ReportsAI — ReportsAI is an impact operating system that automates data collection and reporting for NGOs and industry to ensure audit-ready compliance.
  • Plouton AI —
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HSG
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 73 investments in Asia Internet startups

HSG is a leading venture capital and private equity firm investing globally in the technology, healthcare, and consumer sectors.

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Investment focus

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

Investor stats

  • Total investments: 1144
  • Round size: Seed $2M–$50M; Series A $2M–$100M; Series B $10M–$200M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — raised $2.5B in 2024

Portfolio highlights

  • Z.ai — Z.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, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.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.
  • Xinghuo Chenguang — Xinghuo Chenguang is a hard-tech company focusing on semiconductor chips and optoelectronic interconnect technologies.
  • Suisheng Technology — Suisheng Technology is an innovative company specializing in AI-driven memory services, dedicated to developing intelligent solutions that help individuals and businesses capture, organize, and retrieve important information with greater efficiency and precision.
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Matrix Partners China
VC Fund · Beijing, Beijing, China · 66 investments in Asia Internet startups

Matrix Partners China builds long-term relationships with entrepreneurs and helps them build significant, industry-leading companies. Since its inception in 1977, Matrix Partners China has made hundreds of investments and played an active role in the development of many successful businesses, 50 of which went on to IPO, and 75 of which have gone on to profitable M&A events. The firm consistently ranks in the top venture firms in terms of returns to its investors. Matrix Partners China combines local knowledge with global experience and vision. Its team consists of both former entrepreneurs and experienced investors. Its past successes include Focus Media, Eachnet, and Baidu, among others. The company invests across multiple sectors and stages.

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Investment focus

  • Industry: Health Care, Software, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 763
  • Round size: Seed $1.2M–$74M; Series A $2.3M–$52M; Series B $9.5M–$137M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $92M in 2023

Portfolio highlights

  • Camera360 — Camera360 is a mobile photo editing and selfie camera app that offers filters, beautification, and creative effects. It uses AI-based features like face detection, skin smoothing, beautification, and auto-enhancement to improve photos. The app also includes AI-powered effects such as makeup filters, portrait retouching, and scene optimization for images.
  • Hefei Keye — Hefei Keye is a private company that specializes in producing various general-purpose mechanical items and vacuum machines. The organization places a high priority on technological innovation and has purchased a variety of cutting-edge tools to satisfy its R&D requirements.
  • Hydrogen Phoenix Technology — Hydrogen Phoenix Technology specializes in the research, development, and industrialization of energy technologies.
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Global Brain Corporation
VC Fund · Tokyo, Tokyo, Japan · 58 investments in Asia Internet startups

Global Brain Corporation is a venture capital firm that invests in companies from seed or early to pre-IPO startups. Global Brain has invested in 300+ startups from seed/early to pre-IPO startups and achieved 25 IPOs and 61 M&As as a result of providing hands-on support services and resources to its portfolio startups. Global Brain has managed a pure investment fund as well as multiple corporate venture capital funds partnered together with tier 1 public companies of telecom, real estate development, financial service, beverages, agriculture food, logistics, and electronic devices.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Series B, Venture - Series Unknown
  • Geography: Japan, United States, South Korea

Investor stats

  • Total investments: 858
  • Round size: Series A $1.9M–$28M; Series B $3.4M–$48M; Venture - Series Unknown $516k–$10M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely actively investing — fresh fund, raised $65M in 2025

Portfolio highlights

  • Josys — Stop letting runaway SaaS costs & unsecured SaaS access ruin your day. Josys is the only SaaS Management Platform that provides true 360-degree control.
  • LIFESCAPES — LIFESCAPES is a research and manufacturer of brain-computer interface equipment.
  • Deeping Source — Real-time Video Analytics based on Data Anonymization. High-accuracy computer vision for large-scale spaces: hypermarkets, shopping malls, convention centers, hospitals, logistics warehouses, construction sites, etc.
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Incubate Fund
VC Fund · Tokyo, Tokyo, Japan · 57 investments in Asia Internet startups

Incubate Fund is an independent early-stage venture capital that specializes in providing capital to technology startups at the seed stage. The firm built a portfolio of over 300 companies in Asia, taking 12 companies to public and 20 companies to M&A exit since 2010.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 414
  • Round size: Seed $289k–$7M; Series A $1.5M–$20M; Venture - Series Unknown $368k–$8.1M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $127M in 2024

Portfolio highlights

  • Akari Hosho — Akari Hosho provides a group of trusted professionals, including lawyers and judicial scriveners. Akari Hosho provides a guarantee service.
  • Black Cat Carnival — Tell us about anything development-related. Our founder, who launched Niconico Live, SUGAR and GANMA! from scratch, helps with planning, design, development and operations.
  • Carbon CryoCapture — Carbon CryoCapture specializes in the carbon dioxide separation systems aimed at creating economically viable, energy-efficient, and genuinely sustainable CO2 separation and recovery technologies. The company is dedicated to deploying cost-effective, efficient systems for CO2 capture that integrate smoothly with current infrastructures, all whileenhancing energy consumption and production. This enables clients to attain zero emissions throughout the development and application of resources.
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Wavemaker Ventures
VC Fund · Singapore, Central Region, Singapore · 54 investments in Asia Internet 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, Venture - Series Unknown
  • Geography: United States, Singapore, Philippines

Investor stats

  • Total investments: 553
  • Round size: Seed $750k–$4.3M; Series A $2.2M–$18M; Venture - Series Unknown $650k–$8M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $1.9M in 2023

Portfolio highlights

  • uHoo — uHoo monitors and manages your indoor environment to help you create healthier, safer and more comfortable homes and workplaces.
  • 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.
  • Blue Whale Energy — Blue Whale Energy empowers businesses to maximize energy storage, driving a smarter, cleaner, and more reliable energy.
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Access 48,091 investors

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

Browse database — It's Free!
Shunwei Capital
VC Fund · Beijing, Beijing, China · 50 investments in Asia Internet startups

Shunwei Capital is a venture capital fund that focuses on early to mid-stage investments in local internet industry. It specializes in incubation, startups, early to mid-stage, and growth capital investments. It seeks to invest in the technology, media, telecommunications, high technology, new media, games, internet finance, and rural area internet sectors. Their investors include sovereign wealth funds, fund of funds, university endowment funds, and family offices.

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Investment focus

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

Investor stats

  • Total investments: 635
  • Round size: Seed $1M–$74M; Series A $1.5M–$41M; Series B $8.2M–$55M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $1.2B in 2018

Portfolio highlights

  • Z.ai — Z.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, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.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.
  • Geyuan Technology — Geyuan Technology operates as a cutting-edge brain science technology start-up.
  • Huixi Intelligent — Huixi Intelligent focuses on autonomous driving chips, and its products include chip computing platforms, autonomous driving software solutions, and development tool chains.
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Gobi Partners
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 49 investments in Asia Internet 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, Software
  • Stage:Venture - Series Unknown, Series A, Seed
  • Geography: China, Hong Kong, Malaysia

Investor stats

  • Total investments: 436
  • Round size: Seed $300k–$8M; Series A $1.6M–$16M; Venture - Series Unknown $1.1M–$100M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — raised $1.3B in 2023

Portfolio highlights

  • Yuan Planet — Youdi is a second-hand auto parts trading platform.
  • Camera360 — Camera360 is a mobile photo editing and selfie camera app that offers filters, beautification, and creative effects. It uses AI-based features like face detection, skin smoothing, beautification, and auto-enhancement to improve photos. The app also includes AI-powered effects such as makeup filters, portrait retouching, and scene optimization for images.
  • nanoSkunkWorkx — nanoSkunkWorkX develops nanotechnology for AGI scaling and allergy biosensing.
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Orbit Ventures
VC Fund · Singapore, Central Region, Singapore · 49 investments in Asia Internet startups, 32 in the past 12 months

Orbit helps scale breakthrough startups from around the globe across emerging and frontier markets.

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Investment focus

  • Industry: E-Commerce, Software, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: China, United States, India

Investor stats

  • Total investments: 577
  • Round size: Seed $100k–$2M; Pre-Seed $100k–$1M; Convertible Note $30k–$20M
  • Lead/follow: 73% lead, 27% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • i4TECH — Modular, scalable, fully managed manufacturing digital solutions that enable your AI adoption. Moving Industry 4.0 forwards with a unified, comprehensive data driven approach
  • Qanary — Qanary is a digital second-opinion platform designed to help radiologists detect cancer at its earliest, most treatable stages.
  • openmed — OpenMed provides digital healthcare services, telemedicine, pharmacy products, diagnostics, and medication delivery.
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DNX Ventures
VC Fund · San Mateo, California, United States · 47 investments in Asia Internet startups

DNX Ventues is an early stage VC firm focusing on B2B Startups that are shaping industries and transforming the way we live and work.

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Investment focus

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

Investor stats

  • Total investments: 400
  • Round size: Seed $482k–$11M; Series A $2.1M–$20M; Series B $2.7M–$38M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely actively investing — fresh fund, raised $20M in 2026

Portfolio highlights

  • Kauli — Kauli is an Online Ad Network Management System pioneered in Japan. Kauli supports Real Time Bidding. This service allows advertisers to place bids for their ads in real time and according to users' characteristics.Kauli frequently reviews Ad Networks so that the Ad Network with the best expected ad revenue will be selected. As aresult, every ad frame always has the best expected ad revenue.
  • FLUX — FLUX provide “FLUX Header Bidding Solution” that creates fair competition opportunities and significantly increases advertising revenue within the header bidding server, ad requests are sent to SSPs and ad exchanges all at once, so it is possible to have a pure price competition without prioritization, and to determine the highest bid amount andvalue of the advertising space. I can. Then, the price of the highest bid ad in the header bidding and the ad set in the ad server are competed, and the ad with the higher bid is delivered.
  • Diligent Robotics — We build robots like Moxi that assist hospital staff with routine activities so they can focus on caring for patients.
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Sinovation Ventures
VC Fund · Beijing, Beijing, China · 45 investments in Asia Internet startups, 17 in the past 12 months

Sinovation Ventures is a full-service venture capital firm that actively invests in the Chinese technology market. It is formerly known as Innovation Works.

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Investment focus

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

Investor stats

  • Total investments: 426
  • Round size: Seed $882k–$14M; Series A $1.6M–$28M; Series B $3M–$74M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $203M in 2022

Portfolio highlights

  • Hemu Intelligent — Hemu Intelligent is an early-stage Industrial AI startup focused on mold physical AI, manufacturing semantic computing, and industrial application. By leveraging deep learning on mechanical drawings and digitizing the experiential workflows of master technicians, the company builds an "AI Craft Brain".
  • Yuanshi Technology — Yuanshi Technology concentrates on the study and advancement of AI virtual cell technology.
  • Ruilian Intelligent Computing — Ruilian Zhisuan is an AI computing infrastructure innovator that provides integrated hardware software solutions. Modeled after Google's Jupiter optoelectronic architecture, it features full stack OCS scheduling to replace traditional electronic switches with optical routing. This core technology drastically minimizes network latency andsystem power consumption for advanced AI calculation networks.
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Mizuho Capital
VC Fund · Tokyo, Tokyo, Japan · 44 investments in Asia Internet startups

Mizuho is the venture capital firm affiliated to Mizuho Bank, the second-largest Japanese bank in terms of assets. The firm has headquarters in Tokyo. The firm has ¥49.6 billion JPY under management, focusing on information technology and biotechnology investments. Over 600 Mizuho companies have gone public. According to Nikkei, Mizuho is the fifth-largest venture capital firm in Japan. Mizuho Capital was formed in 2002 by the merger of Fujigin Capital, Tokyo Venture Capital and IBJ Investment. Three firms were subsidiaries of Fuji Bank, Dai-Ichi Kangyo Bank and the Industrial Bank of Japan respectively.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Venture - Series Unknown, Series A, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 564
  • Round size: Series A $1.4M–$32M; Series B $2.4M–$47M; Venture - Series Unknown $581k–$10M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $92M in 2020

Portfolio highlights

  • CaTe — CaTe is based in Tokyo. CaTe develops and manufactures a Digital Therapeutic (DTx) for remote cardiac rehabilitation. Their invention allows heart disease patients to safely and successfully complete cardiac rehabilitation utilizing standing exercise in a confined space, such as at home, without the use of ergometers or similar instruments.
  • Flyle — Flyle provides a cloud based platform for product management helping customers to improve productivity & creativity in product development.
  • Crosssector — Crosssector provides sensor DX solutions for various kinds of construction and maintenance applications.
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Qiming Venture Partners
VC Fund · Shanghai, Shanghai, China · 43 investments in Asia Internet 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 companies in 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 A, Series B, Series C
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 1233
  • Round size: Series A $4M–$45M; Series B $7.6M–$90M; Series C $12M–$120M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely actively investing — fresh fund, raised $8M in 2026

Portfolio highlights

  • Nice Tuan — Nice Tuan is an e-commerce platform that provides daily groceries and miscellaneous products.
  • Windward Bio — Windward Bio is a clinical-stage, drug development company committed to improving outcomes for people living with serious immunological diseases.
  • 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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SMBC Venture Capital
VC Fund · Tokyo, Tokyo, Japan · 42 investments in Asia Internet startups

Sumitomo Mitsui Banking Corporation (SMBC) and its group companies offer a broad range of financial services centered on banking. They are also engaged in the leasing, securities, credit card, investment, mortgage securitization, venture capital and other credit related businesses. The following lists the activities of SMBC, its subsidiaries and affiliates in the various business segments.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Venture - Series Unknown, Series A, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 694
  • Round size: Series A $1.1M–$21M; Series B $2.3M–$34M; Venture - Series Unknown $712k–$12M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • LQUOM — QWAVE offers cryptography communication technology.
  • Etaily — Etaily provides e-commerce and retail solutions in the Philippines, enabling brands with end-to-end services, from store management to fulfillment.
  • Link Therapeutics — Link Therapeutics specializes in developing therapeutic methods for targeting autoantibodies and identifying pathogenic autoantibodies.
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Mitsubishi UFJ Capital
VC Fund · Tokyo, Tokyo, Japan · 41 investments in Asia Internet startups

Mitsubishi UFJ Capital is a venture capital firm focusing on life science, ICT, and high technology investments.

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Venture - Series Unknown, Series A, Seed
  • Geography: Japan, United States, Israel

Investor stats

  • Total investments: 711
  • Round size: Seed $482k–$16M; Series A $1.2M–$19M; Venture - Series Unknown $525k–$11M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: May invest from a new fund soon — raised $94M in 2020

Portfolio highlights

  • Caguuu — Caguuu offers high-quality designer furniture at affordable prices, through e-commerce, eliminating middlemen and store operating costs.
  • Luxna Biotech — Luxana Biotech is a biotechnology firm dedicated to promoting the practical use of safe and effective nucleic acid therapies. Utilizing nucleic acid chemistry technology, the company strives to provide nucleic acid medicines to patients suffering from diseases that currently lack effective treatments.
  • Link Therapeutics — Link Therapeutics specializes in developing therapeutic methods for targeting autoantibodies and identifying pathogenic autoantibodies.
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ANRI
VC Fund · Tokyo, Tokyo, Japan · 40 investments in Asia Internet startups

ANRI is a Japanese venture capital firm that mainly invests in seed and early-stage startups.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Japan, United States, Indonesia

Investor stats

  • Total investments: 324
  • Round size: Seed $253k–$9.4M; Series A $967k–$34M; Venture - Series Unknown $619k–$9.1M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $102M in 2022

Portfolio highlights

  • Any Style — Any Style develops a messaging app from voice actors that regularly sends messages via subscription. It also engages in the planning and production of audio content and the VTuber production business.
  • Green Growth Co. — Green Growth Co. is a startup company engaged in next-generation infrastructure projects centered on renewable energy. The company develops grid-scale battery storage facilities and solar power plants, as well as revitalizes and trades secondary solar assets, thereby creating power sources for both local communities and corporations. It also supports the enhancement of power source value through initiatives such as the digitalization of existing generation facilities, repowering, conversion to the Feed-in Premium scheme, and the co-location of battery storage systems. Furthermore, by aggregating distributed renewable energy resources—via services such as aggregation, Power Purchase Agreements and retail supply—the company implements mechanisms to optimize supply and demand while fostering a circular flow of electricity within local regions. Green Growth also provides hands-on support to companies, assisting them with their Green Transformation initiatives as well as the formulation of power business strategies and the design of operational schemes.
  • Typewriter Therapeutics — Typewriter Therapeutics, Inc. develops mRNA-based gene therapies using a gene writing, or gene writing, platform for precise insertion of therapeutic genes into the genome. The company builds on transposon-based technologies originating from research by Professor Emeritus Haruhiko Fujiwara at the University of Tokyo. Its programs focus on all‑RNA,nonviral gene writing systems that repurpose natural genetic elements to address severe genetic disorders with limited treatment options. Typewriter Therapeutics conducts research and development across its U.S. and Japan operations and collaborates with investors and partners to advance genetic medicine candidates toward the clinic.
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Source Code Capital
VC Fund · Chaoyang, Liaoning, China · 33 investments in Asia Internet startups, 25 in the past 12 months

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

Investor stats

  • Total investments: 376
  • Round size: Series A $1.5M–$50M; Series B $14M–$120M; Series C $30M–$200M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $580M in 2021

Portfolio highlights

  • Flowtica — Flowtica provides Scribe, an AI smart pen that records, highlights, tracks notes with FlowTran, and converts them into structured summaries.
  • FlipFlop Tuoyuan — FlipFlop Tuoyuan develops advanced hardware and system architectures for fault-tolerant quantum computing utilizing neutral-atom routes and Rydberg atom optical tweezer arrays. The company leverages an AI-native research methodology to embed autonomous machine learning agents into experimental physics design, data processing, and equipment control. Its core value proposition centers on scale expansion targeting a baseline 100-logical-qubit system to build functional, error-corrected quantum computers.
  • Chuangcai Advanced Education — Chuangcai Advanced Education is a high-tech company that specializes in artificial intelligence and innovative materials.
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K2VC
VC Fund · Beijing, Beijing, China · 33 investments in Asia Internet startups, 12 in the past 12 months

K2VC (Xianfeng Evergreen) was founded in 2010, focused on early stage investment in technology start-ups in China, focus on promoting change and technological progress, innovative business models and lifestyles.

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Investment focus

  • Industry: E-Commerce, Manufacturing, Software
  • Stage:Angel, Series A, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 341
  • Round size: Seed $448k–$14M; Angel $417k–$3.1M; Series A $1M–$25M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely actively investing — fresh fund, raised $31M in 2025

Portfolio highlights

  • Quantex — Quantex is committed to focusing on the next generation of information technology and integrated circuit fields, and is dedicated to the in-depth research and development of 3.2T/6.4T photonic integrated chips (PIC), optical modules and CPO (co-packaged optics) solutions, leading the localization of high-end optical transmission chips.
  • XinYang Micro — Xinyangwei is an early stage underwater sensing chip startup specializing in CMUT (Capacitive Micromachined Ultrasonic Transducer) technology. The company provides integrated acoustic sensing modules and 3D imaging components designed to give pool cleaning robots intelligent near field path planning and mapping capabilities.
  • Sequence Technology — Sequence Technology emphasizes in the production of polymer materials used in the semiconductor manufacturing process.
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Plum Ventures
VC Fund · Changzhou, Zhejiang, China · 33 investments in Asia Internet startups, 26 in the past 12 months

Plum Ventures is a venture capital company that aims to encourage young people to become entrepreneurs. It specializes ins providing seed and early-stage investments in the technology, new media, and telecommunications industry. The firm was founded in May 2014 and is based in Changzhou, China.

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Investment focus

  • Industry: Manufacturing, E-Commerce, Internet
  • Stage:Series A, Angel, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 300
  • Round size: Seed $676k–$10M; Angel $441k–$3M; Series A $1.4M–$28M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $78M in 2019

Portfolio highlights

  • Ora-Orb — Ora-Orb isan AI-powered emotion technology and reflection platform that combines physical hardware, app integration, and a virtual character to serve as an interactive companion.
  • Ubinexus — Ubinexus focuses on the overall design capabilities of satellite communication payloads and satellite-based comprehensive digital processing technology to meet the multi-dimensional needs of low-orbit mega-constellation construction and provide users with the world's leading communication payload system.
  • Lingyan Technology — Lingyan Technology is the first domestic company to develop a bionic, dexterous facial intelligence system that achieves synchronized voice, lips, and eyes.
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Gaorong Capital
VC Fund · Wangjing, Beijing, China · 32 investments in Asia Internet startups

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

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Investment focus

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

Investor stats

  • Total investments: 378
  • Round size: Seed $2.8M–$100M; Series A $1.6M–$75M; Series B $14M–$110M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $185M in 2022

Portfolio highlights

  • GOFO — GOFO provides last-mile parcel delivery and e-commerce logistics services for brands, marketplaces, and other business customers. Its services include parcel shipping, delivery through Delivery Service Partner networks, real-time package tracking, proof of delivery, customer support, and logistics coordination. GOFO uses automated sorting, warehousing, dispatch, route optimization, and linehaul operations to manage parcel movement from collection through final delivery.
  • Cascade — Cascade produces novel medications that target nuclear receptors for treating metabolic disorders and inflammation.
  • Neolix — Neolix is a technologically innovative company that specializes in the production of physical and sports scenes. Neolithic Century Technology is an innovative design team. Committed to design research, industrial design, structural engineering, product customization, providing customers with creative value enhancement services. Service customersinclude Lenovo, Siemens, Midea, GE, State Grid, CSIC, Honeywell, Bank of China, Agricultural Bank, etc.
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BEENEXT
VC Fund · Singapore, Central Region, Singapore · 31 investments in Asia Internet startups

BEENEXT manages multiple funds targeting diverse sectors, including fintech, healthtech, e-commerce, and artificial intelligence. Its platform offers founders access to a global network for knowledge exchange, mentorship, and business co-creation. The firm utilizes an industry-agnostic approach to identify businesses with potential for long-term growth across various international markets. Additionally, the company facilitates partnerships between entrepreneurs and a community of collaborators to assist with scaling operations.

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Investment focus

  • Industry: Software, E-Commerce, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: India, Japan, Indonesia

Investor stats

  • Total investments: 397
  • Round size: Seed $456k–$5M; Series A $2M–$15M; Series B $5.5M–$50M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $1M in 2023

Portfolio highlights

  • Whizzo — Whizzo specializes in materials science-driven manufacturing of engineered fashion and technical textiles. Our expertise lies in creating and executing innovative textile blends tailored for applications across automotive, agriculture, medical textiles, and engineered fashion.
  • Furnishka — Discover premium sofas, recliners, beds, dining sets and more at Furnishka. Buy furniture online in India with free delivery, easy EMI and warranty.
  • Foundry — Foundry is a consumer technology business that specializes in household appliances. Foundry was started by Ankit Jain, a former managing director of Dyson India.
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JAFCO
VC Fund · Tokyo, Tokyo, Japan · 31 investments in Asia Internet startups

Since its founding in 1973, JAFCO has always worked with leading-edge entrepreneurs. The total capital commitments of its investment funds in Japan and overseas have exceeded 1 trillion yen and the number of portfolio IPOs to date has reached over 1,000. In addition to venture investment, JAFCO also carries out buyout investment and commit to the creations of innovative technologies and services worldwide. As entrepreneurs’ closest partner in bringing their visions to life, JAFCO provides support in areas of HR, marketing/ sales, and back-office operations, in addition to providing financing.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Series A, Series B, Venture - Series Unknown
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 391
  • Round size: Series A $2M–$33M; Series B $4.2M–$36M; Venture - Series Unknown $1.4M–$13M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $567M in 2019

Portfolio highlights

  • CaTe — CaTe is based in Tokyo. CaTe develops and manufactures a Digital Therapeutic (DTx) for remote cardiac rehabilitation. Their invention allows heart disease patients to safely and successfully complete cardiac rehabilitation utilizing standing exercise in a confined space, such as at home, without the use of ergometers or similar instruments.
  • ADiXi — Adixi is a tech-driven business that supports the idea that people and technology may work together. It strives to open doors by utilizing cutting-edge technology, such as artificial intelligence, to promote long-term, sustainable corporate and societal progress.
  • Alxtal — Alxtal is a tech company who optimize the development, design, and manufacturing processes of the manufacturing industry with IT and AI.
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Nissay Capital
VC Fund · Tokyo, Tokyo, Japan · 31 investments in Asia Internet startups

Nissay Capital is a venture capital Company specializing in seed, start-up, growth capital, middle stage, and later stage investment.

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Investment focus

  • Industry: Health Care, Software, Information Technology
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Japan, United States, Ethiopia

Investor stats

  • Total investments: 349
  • Round size: Seed $455k–$4.5M; Series A $1.2M–$11M; Venture - Series Unknown $899k–$7M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $92M in 2019

Portfolio highlights

  • Indent — Indent creates products that help writers create original works such as novels, manga, screenplays, and game scenarios. They will work to create an environment in which artists can focus on their creations and enjoy sharing their work.
  • Spectronix — Spectronics is a development of new technologies and new applications to bring about innovation, focusing on the future of laser technology.
  • Zeal Boxing Fitness — Zeal Boxing Fitness combines power of sports with the power of technology to provide a service that allows to enjoy fitness.
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5Y Capital
VC Fund · Xuhui, Shanghai, China · 29 investments in Asia Internet startups

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

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Investment focus

  • Industry: Artificial Intelligence, Software, Biotechnology
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, India

Investor stats

  • Total investments: 371
  • Round size: Series A $2.4M–$100M; Series B $10M–$150M; Series C $32M–$400M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • DaSouChe — DaSouChe is the AI application infrastructure for China’s used car industry. According to CIC, the Company has held an over 90% market share in operating systems for China’s used car dealers since at least 2021. Building on this digital foundation, DaSouChe further supports used car dealers with essential transaction services across theirworkflows. Beyond used car dealers, the Company also works with other auto merchants, including OEMs, authorized dealers and new car brokers. Its services further engage and benefit thousands of dealers’ collaborators, such as inspectors, transporters and other internet platforms, creating an ecosystem with used car dealers at its center. The Company’s unwavering focus on used car dealers’ success underpins everything it does and has made its mission critical to their business.
  • Flowtica — Flowtica provides Scribe, an AI smart pen that records, highlights, tracks notes with FlowTran, and converts them into structured summaries.
  • Today AI — Today is a company that develops an AI-powered assistant app integrated with user data, third-party integrations, and health tracking systems.
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Quest Ventures
VC Fund · Singapore, Central Region, Singapore · 29 investments in Asia Internet startups

Quest Ventures is a top venture capital firm in Asia. For entrepreneurs: venture capital. For enterprises: applied innovation. For ecosystems: accelerate.

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Investment focus

  • Industry: E-Commerce, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Singapore, Malaysia, Kazakhstan

Investor stats

  • Total investments: 167
  • Round size: Seed $50k–$2.5M; Pre-Seed $50k–$75k; Series A $1.8M–$10M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely still investing — raised $10M in 2022

Portfolio highlights

  • AidMi — AidMi is an AI clinical assistant that works inside behavioral health EHRs to automate clinical workflows, documentation, billing.
  • CoFab — AI-powered quoting automation agent for high-end manufacturing industries
  • Kamereo — Purchasing platform and Tech-enable Veggie supply for Restaurants in Vietnam
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GGV Capital
VC Fund · Menlo Park, California, United States · 28 investments in Asia Internet startups

We believe the talent to build great companies comes from anywhere. A global venture capital firm that invests in local founders. As a multi-stage, sector-focused firm, GGV focuses on seed- to growth-stage investments across Social/Internet, Enterprise Tech, and Smart Tech sectors.

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Investment focus

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

Investor stats

  • Total investments: 883
  • Round size: Series A $4.9M–$63M; Series B $11M–$60M; Series C $15M–$150M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $147M in 2024

Portfolio highlights

  • CYGNUSEMI — Cygnus Semi is a semiconductor chip technology company that focuses on 5G IoT applications.
  • Startorus Fusion — Startorus Fusion focuses on developing and commercializing fusion energy technologies, aiming for controllable device miniaturization, commercialization, and fast iteration, integrating design, R&D, operation, and maintenance.
  • SiliconFlow — Silicon Mobile Technology is an AI ​​infrastructure company that specilaizes in large models inference and deployment system to reduce the cost in the AIGC and LLM industries.
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Genesia Ventures
VC Fund · Tokyo, Tokyo, Japan · 27 investments in Asia Internet startups

Genesia Ventures is a venture capital firm focused on seed/early stage startups in Japan and Southeast Asia. Since it's inception in Dec 2016, Genesia Ventures has invested in over 90 companies in Japan, Indonesia, Vietnam, Singapore and the US. Genesia Ventures invests in various sectors: SaaS, marketplace, Media, Finance, Insurance, RealEstate, Healthcare, Medical, Travel, Education, Manufacturing, Construction, HR, Agriculture, Sports, Retail, Entertainment, etc.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Japan, Vietnam, Indonesia

Investor stats

  • Total investments: 241
  • Round size: Seed $462k–$5.7M; Series A $1.2M–$11M; Venture - Series Unknown $404k–$2.1M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $110M in 2022

Portfolio highlights

  • THE PHAGE — The phage is a medical device company that focuses on developing AI technology to predict postprandial blood glucose levels.
  • AI Mage — AI Mage is an IT company that provides AI solutions for anime production business industries.
  • Umami United — Umami United is a plant-based food brand with unique focus on Japanese food technologies and traditional ingredients to make delicious and healthy food to unite people at one table. The wide lineups are designed to be vegan-friendly, buddhist friendly, and halal friendly for all.
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Lenovo Capital
VC Fund · Beijing, Beijing, China · 27 investments in Asia Internet startups

Lenovo Capital and Incubator Group is an accelerator and venture capital firm.

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Investment focus

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

Investor stats

  • Total investments: 347
  • Round size: Seed $1.4M–$65M; Series A $1.5M–$74M; Series B $8M–$150M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — raised $500M in 2016

Portfolio highlights

  • SemiGraph — SemiGraph focuses on the research, development, and implementation of "3D intelligent interaction + ultimate aesthetics."
  • 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.
  • SenseTime Medical — SenseTime Medical promotes the development and implementation of its medical big model and provides smart health solutions.
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Peak XV Partners
VC Fund · Bengaluru, Karnataka, India · 26 investments in Asia Internet startups

We help the daring build legendary companies.

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Investment focus

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

Investor stats

  • Total investments: 908
  • Round size: Seed $1.5M–$11M; Series A $5M–$26M; Series B $10M–$60M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely actively investing — fresh fund, raised $1.3B in 2026

Portfolio highlights

  • Delineate — Delineate process research publications, patents, and databases to deliver evidence-based insights that guide, focusing on clarity and impact. Transform research papers into actionable data. Delineate system sifts through vast libraries of research, pinpointing papers that match Delineate specific requirements. Delineate automatically convertscomplex information from plots, tables, figures, and text into structured datasets, enabling rapid data exploration and analysis and expert guidance.
  • Neo Asset Management — India's Premier New Age Asset Management and Financial Advisory Firm #neogroup #DoGood
  • Checkbox — Checkbox is an award-winning no code platform which allows users to build their own business apps for process automation.
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Fortune Venture Capital
VC Fund · Shenzhen, Guangdong, China · 26 investments in Asia Internet startups

Fortune Capital, established in April, 2000, is one of the earliest market-oriented venture capital firms in China. For the past 14 years, Fortune Capital focus its investments on leading companies in four key sectors: TMT (Media oriented), Consumer Goods/Services, Modern Agriculture and Clean Tech. Fortune Capital is ranked among the highest performing VC/PE firms in China and selected as "Vice President of Venture Capital Committee of IAC," "Vice President of Shenzhen VC Association," "Vice President of Shenzhen Chamber of International Investment & Funding," etc. In addition to providing capitals, Fortune Capital provides its investee companies with personalized value-added services.

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Investment focus

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

Investor stats

  • Total investments: 342
  • Round size: Seed $462k–$73M; Series A $1.5M–$42M; Series B $3.3M–$57M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $860M in 2021

Portfolio highlights

  • Sandstone — SandStone is a product, solution and service provider focused on next-generation data storage (ServerSAN), which is dedicated to helping users cope with data storage, traffic and data management complexity, helping users build storage virtualization and Computation of virtualization as the core cloud computing infrastructure environment, andgradually provide data processing, mining, analysis and intelligence in the field of big data professional systems and services.
  • Sungen Biomedical — Sungen Biomedical is an innovative antibody drug R&D enterprise. It has established international standard technology platforms and original biological macromolecular R&D pipelines. Their focus includes therapeutic drugs for cardiovascular and cerebrovascular diseases, tumors, and more.
  • NeueHCT — Horizon Continental Technology is a joint venture between Continental Group and Horizon Robotics
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Shenzhen Capital Group
VC Fund · Shenzhen, Guangdong, China · 26 investments in Asia Internet 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, Seed
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 688
  • Round size: Seed $1.4M–$29M; Series A $1.6M–$100M; Series B $7.5M–$141M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely actively investing — fund raised in 2025

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.
  • Enrikenuo — Enrikenuo is a biotechnology company that focuses on the research and development of new generation CAR-NK technology based cell drugs.
  • Waker Biology — Weike Bio is a gene therapy drug development company.
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Meridian Capital Asia
VC Fund · Shanghai, Shanghai, China · 26 investments in Asia Internet startups

Meridian Capital Asia was founded in Singapore in 2008 and has launched nine funds with a total of over 1.5 billion US dollars raised since. It has invested in more than 280 startups, with many notable exits, and has focused on areas such as deep tech, artificial intelligence, robotics, cloud, SaaS, enterprise, advanced manufacturing, renewable energy, new material, semiconductors, agri-tech, education, internet, and new media, etc. All its partners are from either Singapore, Australia, the US or UK, with extensive experience and knowhow in all technology sectors. Meridian has offices in Singapore, Silicon Valley, Shanghai and Beijing and its investments cover geographies such as SEA, China, US, Mid-east, Japan, and Europe.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Series A, Angel, Series B
  • Geography: China, United States, India

Investor stats

  • Total investments: 242
  • Round size: Angel $161k–$14M; Series A $1.2M–$15M; Series B $2M–$62M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $440M in 2023

Portfolio highlights

  • Hanhai Energy — Hanhai Energy is dedicated to explore the science and technology to accelerate the commercialization of fusion energy.
  • Keyou Network — Data processing service provider
  • Xiaoneng Technology — Xiaoneng Technology is a company that provides online customer service solutions for e-commerce websites. Committed to providing real-time shopping guide and online customer management system LiveCRM for all online transactions and online display products and services, affiliated to Beijing Nengtong Tianxia Network Technology Co., Ltd.
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GSR Ventures
VC Fund · Palo Alto, California, United States · 25 investments in Asia Internet startups

GSR Ventures is a venture capital firm focused on technology companies developing AI-enabled enterprise software, consumer platforms, and healthcare technology. The firm backs entrepreneurs building disruptive businesses that have the potential to dominate multi-billion dollar markets. GSR Ventures currently manages about $3.7 billion across its funds.

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Investment focus

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

Investor stats

  • Total investments: 488
  • Round size: Seed $1.6M–$11M; Series A $2.2M–$33M; Series B $8M–$65M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Seeo — Daftar akun togel resmi bisa melalui via dana, ovo, gopay, linkaja kami juga menyediakan berbagai link togel terpercaya seperti bo togel hadiah 2d 200rb, bandar togel hadiah 4d 10 juta terpercaya, situs togel resmi dan terpercaya, agen togel terpercaya, daftar bandar togel terbesar dan terpercaya, bandar togel terbesar, situs togel prize 123, bo togel bolak balik dibayar dan banyak lainnya yang kami sediakan untuk pencinta link togel resmi di Indonesia.
  • C3Nano — C3Nano is the developer of the solution-based, transparent conductive inks and films as direct replacements for indium tin oxide (ITO). C3Nano is the performance leader in Transparent Conductor Films (TCFs) and Activegrid silver nanowire (AgNW) solution-based inks for the touch sensor and display industry. They have raised $37 million in funding todate, which has enabled the company to quickly achieve best in class ink formulations and expanded production capabilities. C3Nano is headquartered in Silicon Valley with an industry-leading manufacturing base in Korea.Founded in 2010, it is headquartered in Hayward, California.
  • Autopoiesis Sciences — Autonomous scientific discovery. Building the architectures, training methods, and reasoning systems that give AI judgment.
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Legend Capital
VC Fund · Beijing, Beijing, China · 24 investments in Asia Internet startups

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

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Investment focus

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

Investor stats

  • Total investments: 543
  • Round size: Series A $1.6M–$74M; Series B $12M–$107M; Series C $15M–$200M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $177M in 2021

Portfolio highlights

  • Z.ai — Z.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, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.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.
  • Huixin Bio — Huixin Bio is a developer of exosome purification products and early cancer detection technology.
  • Fengxun Biotech — Nantong Fengxun Bio is a medical testing service provider. Its primary business focus is on testing services, cell technology research and development, and human stem cell technology development and application, among other things.
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STRIVE
VC Fund · Tokyo, Tokyo, Japan · 24 investments in Asia Internet startups

STRIVE focuses on investing in early-stage (Seed to Series A) internet and mobile companies. It seeks out companies in Japan, Southeast Asia, and India with top-notch management teams and strong market potential. It is not tied to strategic investments for GREE Inc. and leverages its pan-Asia expertise for guiding its portfolio in an engaged, hands-on role.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Seed, Series A, Series B
  • Geography: Japan, India, Indonesia

Investor stats

  • Total investments: 164
  • Round size: Seed $500k–$4.6M; Series A $1.2M–$14M; Series B $3.2M–$25M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $10B in 2019

Portfolio highlights

  • ASUENE — Asuene involves in clean power retail business, retail SaaS business, etc.
  • Recompound — Nasihat investasi dari Budi Ryan, Penasihat Investasi berizin dan diawasi OJK. Dana tetap di rekening sekuritas atas nama kamu sendiri; fee saat porto menembus titik tertinggi baru.
  • Testsigma — Powerful cloud-based test automation platform that lets you automate tests for web, mobile, desktop apps, and APIs in minutes. Sign up now!
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Qingsong Fund
VC Fund · Shenzhen, Guangdong, China · 24 investments in Asia Internet startups

Founded in June 2012 by Liu Xiaosong, Dong Zhanbin, and Su Wei, three Internet and investment circle veterans, Qingsong Fund is an early venture capital firm specializing in investment in education, social networking, consumerism, innovation, technology and applications. It manages four RMB funds with a total value of about RMB 2 billion. So far, it has invested in more than 140 companies, including 1 to 1 head, 1 DaDa English, squirrel AI, onion mathematics, wedding calendar, werewolf killing, flystep technology, HomeFacial. Pro and other star projects - 50% exit project returns more than 60 times, multiple project valuation multiples increased nearly 200 times, and educational projects have an average annual value increase of 500%. Among them, the Qingsong Smart Fund, which was newly established in 2018, focuses on the underlying technologies of the underlying AI and Smart Connect, as well as investment in such areas as smart healthcare, enterprise services and intelligent transportation applications. Liu Xiaosong, founding partner of Qingsong Fund, is a Ph.D. student at Tsinghua University. He invested in Tencent in 1999 and has a return on investment of tens of thousands of times. In 2000, he founded A8 New Media Group, which was successfully listed on the main board in Hong Kong in 2008. In 2015, he hatched in November 2018. Listed in Hong Kong stocks in the year. As a leading early investment institution in China, Qingsong Fund and its founding partners have repeatedly won Top 10 of Zero2IPO China's early investment institutions/investors, Top10 of China's education sector, Top100 of Chinese investors, and China's best early venture capital investment. Institution/Investor Top10; 36氪 China's new entertainment sector investment institutions Top10, online education sector investment institutions/investors Top10 and other mainstream awards.

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Investment focus

  • Industry: Manufacturing, Education, Internet
  • Stage:Series A, Angel, Seed
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 144
  • Round size: Seed $375k–$28M; Angel $165k–$1.6M; Series A $1.4M–$15M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $153M in 2021

Portfolio highlights

  • Apex Laser — Apex Laser is a company that focused on the research and development of semiconductor laser equipment that offers laser processing solutions for materials that are ultra-thin, ultra-hard, brittle, flexible, or composite.
  • Itanium Innovation — Itanium Innovation is a technology company providing integrated integration solutions for distributed edge computing microdata centers.
  • Xinghong Technology — Xinghong Technology focuses on the research, development, and manufacturing of CNC machine tools and core components, with its business spanning mechanical and electrical equipment, precision manufacturing solutions, industrial automation systems, and advanced machinery services for a wide range of industries.
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Zhonglu Capital
VC Fund · Shanghai, Shanghai, China · 23 investments in Asia Internet startups

Zhonglu Capital is a China-based private investment firm founded in 2015.The firm is specializing in technology, media, and technology, local lifestyle, social network, internet finance, and e-commerce sectors.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Angel, Series A, Venture - Series Unknown
  • Geography: China, Taiwan, United States

Investor stats

  • Total investments: 79
  • Round size: Angel $162k–$2M; Series A $162k–$13M; Venture - Series Unknown $162k–$54M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Mandian Future — Mandian Future is established in the end of 2018. It mainly develops smart charging/changing cabinets, batteries and two-wheel electric vehicles (including electric vehicles, motor vehicles, professional take-out cars and professional express vehicles, etc.), and provides sales, leasing and related products. Aftermarket service. At present,the company will mainly do To B business in the future, cooperate with take-out and courier companies, rent or sell two-wheel electric vehicles, and provide charging and replacement services for the riders. In addition, they will receive income through value-added services such as “after-sales first aid kit service” and “customized vehicle sharing”. Later, the company also plans to do To C business, put the charging and replacing cabinets in the community, covering 3-5 kilometers of electric vehicle users around.
  • Saiyou Education — Saiyou Education is an international intermediary education service provider.
  • New Cloud Medical — New Cloud Medical is the leading pain specialist medical association in China. It relies on the national key specialists, the Sino-Japanese Hospital Pain Specialist Medical Association, the national telemedicine platform, the top hospital brand and the expert resource library, making full use of the advantages of international pain disciplines.Construction of national, provincial, municipal, and county pain cloud platform grading clinics. Providing pain-specific specialty treatments to city-level and county-level public secondary hospitals, creating city-level and characteristic pain departments, improving the level of pain specialist treatment, and building a professional and comprehensive network of consultation consultations and a long-term scientific operation system.
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Animoca Brands
VC Fund · Cyberport, Hong Kong Island, Hong Kong · 22 investments in Asia Internet startups, 23 in the past 12 months

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, Pre-Seed
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 520
  • Round size: Seed $1.3M–$10M; Pre-Seed $100k–$5M; Series A $5M–$40M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Superlogic — OneOf is the mass-consumer Web3 company connecting the next 100M non-crypto-native fans to iconic brands, artists, and athletes. OneOf technology enables global brands and enterprises to reimagine commerce, loyalty and engagement, allowing consumers to seamlessly collect or trade digital assets with no prior crypto expertise. Deeply committed to a sustainable and inclusive blockchain future, minting digital assets on OneOf's platform uses up to 2 million times less energy than previous generation proof-of-work networks, and costs up to 99% less in gas fees. A leader in diversity, over 80% of the collections curated by OneOf come from minority or female creators.
  • PERPTools — PERPTools combines crypto perpetual trading with activity points and risk-free market predictions.
  • Bullshot Inc — Bullshot is redefining the way meme tokens are launched, traded, and adopted. By combining AI-driven automation with the power of community culture, Bullshot creates an ecosystem where creativity, speed, and scalability thrive.
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Xiaomi
VC Fund · Beijing, Beijing, China · 22 investments in Asia Internet startups

Play to win vouchers and get up to 50% discounts!

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Investment focus

  • Industry: Manufacturing, Software, Electronics
  • Stage:Series A, Series B, Angel
  • Geography: China, India, United States

Investor stats

  • Total investments: 293
  • Round size: Angel $435k–$2.5M; Series A $1.5M–$70M; Series B $3M–$63M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Wonsor — Wonsor focuses on automatic precision detection technology to provide professional detection solutions and chip-based products.
  • Z.ai — Z.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, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.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.
  • Sudu Technology — sudo AI builds the foundation for general-purpose robots, enabling robotic skills to be learned, transferred, and deployed across the physical world.
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Sequoia Capital
VC Fund · Menlo Park, California, United States · 22 investments in Asia Internet startups

We help the daring build legendary companies from idea to IPO and beyond.

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Investment focus

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

Investor stats

  • Total investments: 2614
  • Round size: Seed $1.2M–$14M; Series A $5M–$48M; Series B $11M–$100M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2026

Portfolio highlights

  • Skai — Skai is an AI-powered platform that offers consumer and market insights, strategic planning, omnichannel media activation, testing, and measurement services to brands and retailers. It is the go-to-market engine that enables smarter decisions and better outcomes with actionable intelligence in making customer connections. It includes a suite ofdata-driven products for market intelligence, omnichannel media activation, testing, and measurement, enabling brands and agencies to make predictions, improve strategic planning and drive growth on the most important customer channels.
  • Medallion — Provider credentialing and enrollment reimagined. Accelerate time-to-revenue, stay compliant, and scale provider operations, without adding headcount, through automated credentialing and enrollment.
  • Sourcepulse — Sourcepulse empowers engineering leaders to spot delays early, fix process bottlenecks, and confidently commit to deadlines.
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Northern Light Venture Capital
VC Fund · Beijing, Beijing, China · 22 investments in Asia Internet startups

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

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series A, Series B, Venture - Series Unknown
  • Geography: China, United States, South Korea

Investor stats

  • Total investments: 411
  • Round size: Series A $2.9M–$40M; Series B $8.8M–$56M; Venture - Series Unknown $1.5M–$60M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely still investing — raised $375M in 2021

Portfolio highlights

  • Flytech — Flytech specializes in crystal materials and related components for magneto-optical-electrical integrated signal processing.
  • Moge Microflow — Moge Microflow is a manufacturer of equipment for microreactors. It provides continuous flow production technologies and equipment for nanomaterials, pharmaceutical intermediates, and fine chemicals, as well as standardized high-end microreactor equipment.
  • Bianzhong New Materials — Bianzhong New Materials is a high-tech company that specializes in the research and development of equipment for weaving and shaping three-dimensional preforms of high-strength fiber composite materials.
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BAI capital
VC Fund · Beijing, Beijing, China · 21 investments in Asia Internet startups, 13 in the past 12 months

BAI Capital is a leading venture capital fund in China. Since 2008, the team of BAI Capital has invested in more than 200 portfolios, including 17+ IPOs and 40+ unicorns. BAI Capital has two main focuses: China-based global companies and China’s structural transformation. BAI Capital seeks to partner with and empower outstanding Chinese companies and entrepreneurs that can leverage the multiplier effect of China’s technology, talent, and supply chain advantages and to expand globally in consumer retail and services, fintech, media and content innovation, Web3 and metaverse. On the other hand, at the turning point of China’s structural transformation, the fund will also seize major cross-cycle disruption opportunities in frontier and infra tech, electric vehicles and autonomous driving, and industrial upgrade driven by enterprise software development. The investor base for BAI Capital includes institutional investors such as sovereign wealth funds, large insurance companies, internet giants and fund of funds globally, as well as Bertelsmann. BAI Capital has its background from Bertelsmann Asia Investments, part of the Bertelsmann Group.

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Investment focus

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

Investor stats

  • Total investments: 171
  • Round size: Seed $4M–$100M; Series A $2.9M–$50M; Series B $7.2M–$100M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $700M in 2022

Portfolio highlights

  • Nex — Nex is a motion entertainment company that is transforming sedentary activity into active play. We create new experiences that naturally get you moving.
  • Humanlaya — Humanlaya Data Lab is an AI data lab that designs and maintains benchmark tasks and datasets for evaluating large language models. The company focuses on high-economic-value, complex, real-world scenarios instead of simple test-style questions. Its work includes creating resources like OneMillion-Bench to assess model performance on expert-leveltasks. Humanlaya Data Lab serves AI research groups, model developers, and enterprises that rely on robust evaluation of AI systems. It provides structured data and evaluation standards that support more accurate measurement of AI capabilities and risks.
  • Shumeiwuwu — Shumeiwuwu is a cross-border e-commerce company that provides quality goods and services to consumers through global shopping.
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Decent Capital
VC Fund · Shenzhen, Guangdong, China · 21 investments in Asia Internet startups, 7 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 141
  • Round size: Seed $425k–$14M; Angel $425k–$2.9M; Series A $1.6M–$25M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • SigmaZ AI — SigmaZ AI Lab is a visual intelligence lab for the AGI era, redefining the interface between humans and information.
  • Apex Intelligence — Apex Intelligence is an artificial intelligence research laboratory that develops self-evolving foundation models designed to autonomously advance open-ended scientific discovery.
  • Qingyu Technology — Qingyu Technology is a software development service company specializing in the research, development, and sales of intelligent robots.
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DCM Ventures
VC Fund · Menlo Park, California, United States · 21 investments in Asia Internet 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 investing partners 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: 586
  • Round size: Series A $3M–$30M; Series B $9M–$50M; Series C $9M–$100M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $780M in 2019

Portfolio highlights

  • Kaon — Discover prompts and AI apps built by a global community, or publish your own. FlowGPT is an open platform for building and sharing with AI.
  • Tandems — Tandems enhances the way financial advice is delivered by equipping advisors, bankers, and agents with data-driven insights and personalized recommendations. Tandems focuses on improving institutional operations through automation and intelligent decision-support tools that streamline workflows and client engagement. The company’s technology isdesigned to augment human expertise, allowing financial professionals to allocate more time to strategic guidance and relationship building.
  • Keep Holdings — Keep Holdings offers products focusing on advertising, commercial email, and e-commerce to enhance the link between consumers and brands. The company's products empower consumers and brands to better connect and engage. Keep Holdings' suite of services focuses on commercial email and e-commerce with an emphasis on how the social web canbring brands and consumers together in new productive ways.
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Daiwa Corporate Investment
VC Fund · Tokyo, Tokyo, Japan · 20 investments in Asia Internet startups

Daiwa Corporate Investment is a private investment firm of Daiwa Securities Group that has been engaged in overseas VC investments by taking advantage of an extensive business network in Japan and foreign countries, long experience and professional knowledge, and by supporting the growth of a number of overseas portfolio companies and their stock exchange listings.

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Investment focus

  • Industry: Software, Manufacturing, Health Care
  • Stage:Venture - Series Unknown, Series A, Seed
  • Geography: Japan, United States, France

Investor stats

  • Total investments: 145
  • Round size: Seed $310k–$1.3M; Series A $1.1M–$6.9M; Venture - Series Unknown $910k–$9.2M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $90M in 2018

Portfolio highlights

  • NovAccel — NovAccel operates as a deep tech company, ensure a stable supply of medical radioisotopes.
  • AstroX — AstroX is a private space startup company that develops satellite launch vehicles for space development. It utilizes the rockoon method for developing launch vehicles and small rockets to help clients easily use space.
  • Sonire Therapeutics — SONIRE Therapeutics Inc. (SONIRE) is working on a next-generation high-intensity focused ultrasound (HIFU) therapy system that will employ acoustic engineering (ultrasound) technologies developed through cutting-edge academic research. SONIRE has been working on a next-generation high-intensity focused ultrasound (HIFU) treatment system as a noveltherapeutic modality with the goal of giving cancer patients and their families a new future.
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CDH Investments
VC Fund · Kowloon City, Kowloon, Hong Kong · 20 investments in Asia Internet startups, 42 in the past 12 months

CDH Investments is an international alternative asset fund manager with over $27 billion of assets under management. CDH Investments was established in 2002 by the former private equity group of China International Capital Corporation and is managed by an experienced team of senior private equity professionals who have worked together for many years focusing all their professional time on investing in China. CDH has consistently delivered superior returns relative to industry peers and is well positioned to continue to generate superior returns due to the team's proven investment experience and expertise investing in China.

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Investment focus

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

Investor stats

  • Total investments: 344
  • Round size: Series A $2.9M–$100M; Series B $14M–$149M; Series C $20M–$220M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • MoSense — MoSense develops full-body multimodal tactile perception systems for humanoid and other robots.
  • Jinkong Technology — Jinkong Technology focuses on space robotics, with a long-term strategic vision centered on space manufacturing. The company aims to advance robotic technologies that enable in-space assembly, manufacturing, and infrastructure development, contributing to the future of sustainable human activities in space.
  • Neolix — Neolix is a technologically innovative company that specializes in the production of physical and sports scenes. Neolithic Century Technology is an innovative design team. Committed to design research, industrial design, structural engineering, product customization, providing customers with creative value enhancement services. Service customersinclude Lenovo, Siemens, Midea, GE, State Grid, CSIC, Honeywell, Bank of China, Agricultural Bank, etc.
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