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Top 50 Manufacturing Startup Investors in China (November 2026)

The most active venture capital funds and angel investors investing in China Manufacturing startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Manufacturing startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Shenzhen Capital Group
VC Fund
100 China, United States, Japan Series A, Series B, Seed Manufacturing, Health Care, Software $1.4M–$141M
Addor Capital
VC Fund
87 China, Hong Kong, United States Series A, Series B, Venture - Series Unknown Manufacturing, Semiconductor, Electronics $1.4M–$145M
Cowin Capital
VC Fund
82 China, United States, Hong Kong Series A, Series B, Seed Manufacturing, Health Care, Semiconductor $1.4M–$51M
Qiming Venture Partners
VC Fund
70 China, United States, Hong Kong Series A, Series B, Series C Health Care, Biotechnology, Medical $4M–$120M
HSG
VC Fund
68 China, United States, Singapore Series A, Series B, Seed Artificial Intelligence, Health Care, Software $2M–$200M
Shunwei Capital
VC Fund
65 China, United States, India Series A, Series B, Seed Manufacturing, Software, Artificial Intelligence $1M–$74M
Lenovo Capital
VC Fund
58 China, Hong Kong, United States Series A, Seed, Series B Manufacturing, Artificial Intelligence, Software $1.4M–$150M
IDG Capital
VC Fund
57 China, United States, Singapore Series A, Series B, Seed Internet, Software, E-Commerce $600k–$110M
Innoangel Fund
VC Fund
50 China, United States, Hong Kong Angel, Seed, Series A Artificial Intelligence, Manufacturing, Robotics $425k–$29M
Fortune Venture Capital
VC Fund
48 China, Japan, United States Series A, Series B, Seed Manufacturing, Information Technology, Software $462k–$73M
Matrix Partners China
VC Fund
46 China, United States, Singapore Series A, Series B, Seed Health Care, Software, Information Technology $1.2M–$137M
Oriental Fortune Capital
VC Fund
46 China, United States, Hong Kong Series A, Series B, Seed Manufacturing, Software, Artificial Intelligence $1.5M–$100M
Xiaomi
VC Fund
42 China, India, United States Series A, Series B, Angel Manufacturing, Software, Electronics $435k–$70M
GSR United Capital
VC Fund
41 China, United States, Singapore Series A, Seed, Series B Manufacturing, Information Technology, Automotive $450k–$50M
ZhenFund
VC Fund
36 China, United States, Singapore Seed, Series A, Angel Software, Artificial Intelligence, Information Technology $98k–$22M
Puhua Capital
VC Fund
36 China, United Kingdom, United States Series A, Series B, Seed Manufacturing, Health Care, Medical $1.5M–$103M
K2VC
VC Fund
35 China, United States, Hong Kong Angel, Series A, Seed E-Commerce, Manufacturing, Software $417k–$25M
SZHTI Group
VC Fund
33 China, Canada, United States Series A, Angel, Seed Manufacturing, Electronics, Health Care $425k–$16M
Plum Ventures
VC Fund
32 China, United States, Hong Kong Series A, Angel, Seed Manufacturing, E-Commerce, Internet $441k–$28M
Vertex Ventures China
VC Fund
31 China, United States, Singapore Series A, Series B, Seed Manufacturing, Artificial Intelligence, E-Commerce $1.6M–$150M
CDH Investments
VC Fund
30 China, United States, Canada Series A, Series B, Series C Manufacturing, Health Care, Biotechnology $2.9M–$220M
Oriza Holdings
VC Fund
29 China, United States, Canada Series A, Series B, Seed Manufacturing, Health Care, Biotechnology $1.5M–$100M
Legend Capital
VC Fund
28 China, United States, South Korea Series B, Series A, Series C Health Care, Medical, Biotechnology $1.6M–$200M
Qianhai Fund of Funds
VC Fund
27 China, Japan, Canada Series A, Series B, Series C Manufacturing, Health Care, Biotechnology $1.6M–$126M
Yunqi Partners
VC Fund
27 China, United States, Singapore Series A, Seed, Series B Artificial Intelligence, Software, Manufacturing $1.8M–$60M
China Fortune-Tech Capital
VC Fund
26 China Series A, Series B, Seed Manufacturing, Semiconductor, Electronics $14M–$155M
ZSVC
VC Fund
26 China, United States, India Series A, Seed, Series B Manufacturing, Medical, Health Care $1.4M–$84M
Northern Light Venture Capital
VC Fund
26 China, United States, South Korea Series A, Series B, Venture - Series Unknown Health Care, Medical, Biotechnology $1.5M–$60M
Future Capital Discovery Fund
VC Fund
25 China, United States, Singapore Seed, Angel, Series A Artificial Intelligence, Software, Manufacturing $228k–$20M
SND Ventures Group
VC Fund
25 China Series A, Series B, Seed Manufacturing, Semiconductor, Health Care $1.4M–$28M
Oriza Seed Capital (Oriza Yuandian)
VC Fund
25 China, United States, Singapore Series A, Seed, Angel Manufacturing, Health Care, Medical $223k–$60M
Frees Fund
VC Fund
24 China, United States, Singapore Series A, Angel, Seed Artificial Intelligence, Health Care, Medical $452k–$28M
Zhuoyuan Capital
VC Fund
24 China, United States Seed, Series A, Series B Manufacturing, Semiconductor, Artificial Intelligence $1.4M–$43M
Tsinghua Capital
VC Fund
24 China, Australia Seed, Angel, Series A Manufacturing, Artificial Intelligence, Robotics $436k–$74M
Hefei Industry Investment Group
VC Fund
23 China, Israel Series A, Seed, Series B Manufacturing, Semiconductor, Electronics $9.6M–$295M
China Capital Management
VC Fund
23 China Series A, Series B, Series C Manufacturing, Aerospace, Semiconductor $3.2M–$283M
ZGC Group
VC Fund
23 China, United States, United Kingdom Series A, Seed, Series B Manufacturing, Artificial Intelligence, Information Technology $283k–$85M
Dongfang Jiafu
VC Fund
23 China Series A, Seed, Series B Manufacturing, Semiconductor, Information Technology $14M–$100M
Gaorong Capital
VC Fund
23 China, United States, Singapore Series A, Series B, Seed Artificial Intelligence, Information Technology, Software $1.6M–$110M
Glory Ventures
VC Fund
22 China, Israel, United States Series A, Seed, Series B Artificial Intelligence, Software, Manufacturing $3M–$251M
Hua Capital
VC Fund
21 China, United States Series A, Seed, Series B Manufacturing, Semiconductor, Electronics $4.7M–$145M
Green Pine Capital Partners
VC Fund
21 China, United States, Canada Series A, Angel, Series B Artificial Intelligence, Software, Biotechnology $432k–$150M
Hefei Innovation Investment
VC Fund
21 China Series A, Angel, Series B Manufacturing, Industrial, Advanced Materials $1.4M–$200M
Guangdong Technology Financial Group
VC Fund
20 China, Japan, Hong Kong Series A, Series B, Angel Manufacturing, Software, Information Technology $425k–$295M
UnityVC
VC Fund
20 China, United States, Singapore Angel, Seed, Series A Artificial Intelligence, Information Technology, Manufacturing $324k–$15M
Source Code Capital
VC Fund
20 China, United States, Singapore Series A, Series B, Series C Artificial Intelligence, Software, E-Commerce $1.5M–$200M
Hillhouse Investment
VC Fund
19 China, United States, Singapore Series B, Series A, Series C Biotechnology, Health Care, Medical $2.9M–$300M
Yinxinggu Capital
VC Fund
19 China, Singapore Series A, Angel, Series B Manufacturing, Information Technology, Software $435k–$59M
Shenzhen Guozhong Venture Capital Management
VC Fund
19 China Series A, Series B, Seed Manufacturing, Health Care, Medical $441k–$100M
Summitview Capital
VC Fund
19 China, United States Seed, Series A, Series B Manufacturing, Semiconductor, Electronics $412k–$165M
Access all 7081 investors in China Manufacturing startups.

Access 48,091 investors

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

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Investor list

Shenzhen Capital Group
VC Fund · Shenzhen, Guangdong, China · 100 investments in China Manufacturing 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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Addor Capital
VC Fund · Nanjing, Jiangsu, China · 87 investments in China Manufacturing startups

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

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Investment focus

  • Industry: Manufacturing, Semiconductor, Electronics
  • Stage:Series A, Series B, Venture - Series Unknown
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 369
  • Round size: Series A $1.6M–$30M; Series B $12M–$145M; Venture - Series Unknown $1.4M–$101M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $241M in 2021

Portfolio highlights

  • Enorna — Enorna operates as an mRNA Contract Research, Development, and Manufacturing Organisation (CRDMO) driven by its proprietary Lipid Nanoparticle (LNP) delivery technology platform. The company offers end-to-end solutions spanning sequence design, preclinical Contract Research Organisation (CRO) tools, and commercial production services. Its value proposition centers on building an integrated nucleic acid industry ecosystem to optimize manufacturing processes and accelerate delivery of RNA therapeutics to patients.
  • Ibeki — Ibeki provides tiny photoelectric displacement sensors and servo control systems. eBridge uses the high precision and miniaturization of its precision motion drive technology to provide customers with a more complete technology portfolio, and has successfully transformed its core technology into a number of military and civilian products,particularly in aerospace, medical equipment, and intelligent control.
  • Ruimeng Semiconductor — Ruimeng Semiconductor is a provider of intelligent human-machine interface processor chips and solutions.
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Cowin Capital
VC Fund · Shenzhen, Guangdong, China · 82 investments in China Manufacturing startups

Cowin Capital is a private placement equity investment company focusing on investing in a pioneering enterprise on a long-term basis. It has 18 years of experience in capital management, whose capital management scale was among the front rank, which invested more than 300 companies, of which 60 more became public companies, and 150 more successfully exit. The company was successfully listed on NEEQ, with code 832793, as the third listed famous domestic venture capital institution in NEEQ. It is committed to supporting the growth of small and medium enterprises, continue to launch high-quality listed companies in China Capital Market.

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Investment focus

  • Industry: Manufacturing, Health Care, Semiconductor
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 379
  • Round size: Seed $1.4M–$20M; Series A $1.6M–$51M; Series B $3.3M–$50M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: May invest from a new fund soon — raised $75M in 2014

Portfolio highlights

  • Isabers — Isabers is a provider of advanced semiconductor integration technology and products, which can achieve inter-generational fusion of semiconductor materials and advanced packaging and can effectively solve the pain points of low yield, high cost, and limited performance of advanced semiconductor materials or devices, thus accelerating thedevelopment of the domestic semiconductor industry and quickly seizing the strategic high ground of international market competition.
  • Bytetree — Bytetree is a technology company that focuses on providing the one-stop AI data services for data collection, cleaning, labeling, management, and storage for OEMs and autonomous driving solution providers, covering bicycle intelligence. , vehicle-road coordination, and smart cockpit three scenarios.
  • Digital China — Digital China is a robotics company focused on developing humanoid interactive robots that can break traditional boundaries and create emotionally resonated partners.
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Qiming Venture Partners
VC Fund · Shanghai, Shanghai, China · 70 investments in China Manufacturing 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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HSG
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 68 investments in China Manufacturing 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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Shunwei Capital
VC Fund · Beijing, Beijing, China · 65 investments in China Manufacturing 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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Lenovo Capital
VC Fund · Beijing, Beijing, China · 58 investments in China Manufacturing 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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IDG Capital
VC Fund · Beijing, Beijing, China · 57 investments in China Manufacturing 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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Innoangel Fund
VC Fund · Beijing, Beijing, China · 50 investments in China Manufacturing startups, 67 in the past 12 months

Innoangel Fund is an investment firm that invests in early stage companies.

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Investment focus

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

Investor stats

  • Total investments: 317
  • Round size: Seed $452k–$29M; Angel $425k–$14M; Series A $1.5M–$28M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Isabers — Isabers is a provider of advanced semiconductor integration technology and products, which can achieve inter-generational fusion of semiconductor materials and advanced packaging and can effectively solve the pain points of low yield, high cost, and limited performance of advanced semiconductor materials or devices, thus accelerating thedevelopment of the domestic semiconductor industry and quickly seizing the strategic high ground of international market competition.
  • Sichuan All-Solid-State — Sichuan All-Solid-State is a company that includes research and development of novel material technologies, manufacturing of special electronic materials, and technological development.
  • Super Evolution Intelligence — Super Evolution Intelligence focuses on developing fundamental research models equipped with advanced meta-research capabilities, enabling them to analyze existing scientific knowledge, identify research gaps, formulate novel hypotheses, and autonomously explore complex problems.
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Fortune Venture Capital
VC Fund · Shenzhen, Guangdong, China · 48 investments in China Manufacturing 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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Access 48,091 investors

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

Browse database — It's Free!
Matrix Partners China
VC Fund · Beijing, Beijing, China · 46 investments in China Manufacturing 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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Oriental Fortune Capital
VC Fund · Shenzhen, Guangdong, China · 46 investments in China Manufacturing startups

Shenzhen Oriental Fortune Capital Co Ltd. is a venture capital firm specializing investment in early venture, mid venture, late venture, emerging growth, Pre-IPO, mature, growth capital stage, mezzanine and new third board investments. The firm typically invests in financial services, telecommunication, new energy, consumer goods, medical treatment and healthcare, life sciences, internet plus healthy lifestyle industry, logistics, energy technology, information technology, mobile innovation, media, movies and television, culture, pharmaceutical, biological medicine, renewable energy, retail, environmental protection business, consumption, new materials, new agriculture, advanced manufacturing, equipment manufacturing, culture, entertainment, and services. It seeks to invest in China focusing on Shenzhen, Shanghai, Beijing, Xi’an, and Wuhu. The firm also invests in Pearl River Delta region, Yangtze River Delta region, and Circum-Bohai-Sea region. For Pearl River Delta, it covers Guangzhou, Shenzhen, Foshan, Dongguan, Zhongshan, Zhuhai, Huizhou, Jiangmen, and Zhaoqing cities in China. For Yangtze River Delta, the firm covers Shanghai, Nanjing, Wuxi, Changzhou, Suzhou, Nantong, Yancheng, Yangzhou, Zhenjiang, Taizhou, Hangzhou, Ningbo, Jiaxing, Huzhou, Shaoxing, Jinhua, Zhoushan, Taizhou, Hefei, Wuhu, Ma’anshan, Tongling, Anqing, Chuzhou, Chizhou, and Xuancheng cities in China. For the Circum-Bohai-Sea region, it covers Beijing, Tianjin, Shenyang, Dalian, Qingdao, Dandong, Yingkou, Panjin, Fuxin, Huludao, Chaoyang, Shijiazhuang, Baoding, Tangshan, Qinhuangdao, Cangzhou, Langfang, Chengde, Zhangjiakou, Handan, Xingtai, Dongying, Yantai, Weifang, Weihai, Rizhao, and Binzhou cities in China. The firm prefers to invest 20% of its portfolio to early stage, 40% to expansion stage, and 40% to Pre-IPO stage. Shenzhen Oriental Fortune Capital Co Ltd. was formed in November 2007 and is based in Shenzhen, China with offices in Shanghai, China; Beijing, China; and Wuhu, China.

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Investment focus

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

Investor stats

  • Total investments: 343
  • Round size: Seed $1.5M–$100M; Series A $1.5M–$30M; Series B $3.2M–$73M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Memory tensor — Memory tensor designed with a focus on systematic innovation, grounded firmly in fundamental principles, serves as a powerful tool for scalable and adaptable intelligence. Its architecture emphasizes three core attributes: low cost, ensuring economic feasibility and accessibility; low illusion, reducing overfitting and minimizing hallucinations ormisleading outputs; and high generalization.
  • Langsilicon Technology — Langsilicon Technology is an electronic component R&D firm that specializes in the design, development, and sales of silicon-based passive components (capacitors, inductors, and resistors).
  • Lightwheel — Light Wheel Intelligence is offers automated, physically precise and controllable, real and generalizable synthetic data solutions to build AI data infrastructure,
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Xiaomi
VC Fund · Beijing, Beijing, China · 42 investments in China Manufacturing startups

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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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GSR United Capital
VC Fund · Beijing, Beijing, China · 41 investments in China Manufacturing startups

"Founded in 2009, GSR United Capital focuses on equity investment in high-tech industries, focusing on investment and M&A opportunities in advanced manufacturing, next-generation information technology, industrial Internet/digital enterprise services and other fields. GSR United Capital manages both RMB master funds and industrial funds established with local governments. Since its establishment, GSR United Capital has received strong support from China's top market-oriented mother fund, government-guided fund, wealth management institutions, global 500 enterprises, listed companies and other institutions. Among them, investors with state capital background include Guochuang Yuanhe, Guochuang Kaiyuan, SDIC Unity Capital, China Merchants Venture, Suzhou Fund, Nanchang Industrial Control, Weifang Financial Holding Group, Dongguan Dongcheng, Zhangjiagang Jincheng Investment & Development Co., ltd, etc. Suzhou GSL Venture Capital Management Company, founded in 2011, is a private equity fund manager of the comprehensive fund of GSR United Capital (referred to as "" GSR United Capital ""), and completed the registration of private equity fund manager on May 20, 2014, with the serial number P1002246. ""A+ stage is the main stage, the middle and late stage is the auxiliary"" The company focuses on equity investment in high-tech industry, focusing on the strategy of ""A+"" stage, with a capital allocation ratio of 60%. The project in this stage is between ""engineering"" and ""scale commercialization"", which is the ideal range of ""bargaining power"" and can win a high proportion of relative returns. At the same time, 40% of the project will be allocated in the middle and late stages. The middle and late stages refer to enterprises with IPO expectations within 2-3 years, and the investment will be completed within 60 months in the early stage of the fund investment period (exit will start in the third and fourth years), which will be used as the basic plate for anchoring returns. GSR United Capital has invested in more than 100 high-tech start-ups, including Great Wisdom Software (financial information terminal, 601519), eCARBON (high thermal conductivity graphite heat dissipation material, 603133), TZTEK (Precision, 688003), METRON (Diamond wire material, 603133) 300861), GTEP (sludge treatment and recycling, has started the board meeting), Niu (electric two-wheeler, NASDAQ: NIU), LATTICELIGHTING (LED silicon substrate technology and application), Freetech (unmanned driving), Marknum Technology (big data), xMate (light collaborative robot), TAGEIDRIVER (autonomous driving), HUIRUI (high-precision metal 3D printing), DYSO (CNC machine tool parts), NEWLINK GROUP (energy Internet), and many cross-border enterprises Industries such as LianLian (online payment), Xingyun Group (cross-border supply chain), Tec-Do (outbound brand digital marketing, Guangzhou), LAVA (smart guitar, Guangzhou), Shoplazza (outbound SaaS independent site construction tools, Guangzhou), E-ports (Internet for shipping industry), Chenhaiyun (sea-going compliance), Whalehouse.tech (intelligent warehousing), Huoyan (ABM intelligent marketing), Giiso (intelligent writing) and other excellent projects, which have won excess investment returns and social reputation. At present, the withdrawn projects include Great Wisdom Software (Financial information terminal, 601519), which has been fully withdrawn through listing, with return multiple reaching 8.96x, invested by GSR United Capital Phase I; TZTEK (Precision Measurement, 688003.STAR), fully exited through listing with return multiple reaching 2.74x, invested by GSR United Phase II and Botong Jinshi; eCARBON (high thermal conductivity graphite heat dissipation material, 603133), through the listing of all exit, return multiple reached 5x, invested by GSR United Capital Phase I Institute; METRON (Diamond Wire Materials, 300861), which was partially exited through listing with a return multiple of 4.5X and was invested by GSR United Phase III and Botong Jinshi Institute; Lebo Technology (cross-platform screen investment tool), partially exited through equity transfer, with a return multiple of 4.35x, invested by Botong Jinshi. Giiso (Intelligent Collaboration), which was partially withdrawn through equity transfer with a return multiple of 4.35x, was invested by Botong Jinshi. Zerowaste Asia Pte Ltd (ZA) was invested by Hongcheng RMB Fund, a subsidiary of GSR United Capital, in January 2017. It is committed to developing, producing and selling leading additives for heavy metal treatment. Its products have the characteristics of simple process, high efficiency, safety and environmental protection, and low cost. The company's valuation has grown from $58 million at the time of the investment to $142 million. Since February 2020, GSR United Capital has made more than 30 investments in the main fund. For example, it invested in Yuejing Technology (audio and video collaborative production tool) in February 2021, and the current multiple has reached 3.14 times. In September 2020, it invested in ZHICHUBAO.COM (procurement management SaaS platform), and the current multiple has reached 2.82 times. In April 2020, it invested in Starsee Intelligence (AI enabled military defense), and the current multiple has reached 2.81 times. Nahuo Technology Co., Ltd. received a subsequent round of investment from IDG, ZHICHUBAO.COM received a subsequent round of investment from Shunwei Capital, and Boqing Technology received a subsequent round of investment from KeyTone Ventures and Leaguer Capital."

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Investment focus

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

Investor stats

  • Total investments: 236
  • Round size: Seed $450k–$14M; Series A $794k–$20M; Series B $789k–$50M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely actively investing — fresh fund, raised $69M in 2025

Portfolio highlights

  • Tec-do — 1.Tec-Do 2.0 is a leading AI martech company delivering result-centric marketing solutions for global business growth.
  • PhotoG — PhotoG is an international GenAI content marketing tool supplier. It operates in the fields of overseas content marketing and generative AI, with a focus on visual content development and e-commerce brand marketing.
  • Mailian Medical Technology — Mailian Medical Technology is a company specializing in brain-computer interface (BCI) technology and electroencephalogram
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ZhenFund
VC Fund · Beijing, Beijing, China · 36 investments in China Manufacturing 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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Puhua Capital
VC Fund · Hangzhou, Zhejiang, China · 36 investments in China Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 284
  • Round size: Seed $2.5M–$30M; Series A $1.5M–$42M; Series B $3M–$103M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • MindMotion — MindMotion is an electronics company that supplies general-purpose 32-bit MCU products and solutions. The company's MM32 MCU products developed by the company based on the Arm Cortex-M series cores have four series of F/L/SPIN/W, more than 200 models, and a cumulative delivery of more than 300 million units, ranking in theforefront of local general-purpose 32-bit MCU companies.MindMotion was founded in 2011 and is headquartered in Shanghai, China.
  • Yitang Technology — Yitang Technology is a developer specializing in high-speed and high-precision placement machines. The company is dedicated to the research and development (R&D) of these advanced machines, as well as the industrialization of intelligent production line solutions.
  • Ganzhicao Technology — Gancao Doctor is an internet-based Traditional Chinese Medicine (TCM) company that helps clinics modernize their digital management and optimize operations. By using AI-assisted features, it enhances doctors' diagnostic and treatment abilities, delivering valuable benefits to doctors, patients, and clinics.
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K2VC
VC Fund · Beijing, Beijing, China · 35 investments in China Manufacturing 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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SZHTI Group
VC Fund · Shenzhen, Guangdong, China · 33 investments in China Manufacturing startups, 18 in the past 12 months

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

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Investment focus

  • Industry: Manufacturing, Electronics, Health Care
  • Stage:Series A, Angel, Seed
  • Geography: China, Canada, United States

Investor stats

  • Total investments: 140
  • Round size: Seed $7.2M–$15M; Angel $425k–$3.1M; Series A $888k–$16M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • EtherTech — EtherTech is a a company specializing in intelligent physical space infrastructure.
  • Ultimate Context — Ultimate Context is a high-tech enterprise specializing in the research, development, and innovation of AI video expression systems. The company is dedicated to advancing the field of intelligent video technology through the integration of artificial intelligence, computer vision, and deep learning.
  • Vision Robotics Technology — Vision Robotics Technology is a technology company focuses on tactile perception and robot manipulation.
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Plum Ventures
VC Fund · Changzhou, Zhejiang, China · 32 investments in China Manufacturing 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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Vertex Ventures China
VC Fund · Beijing, Beijing, China · 31 investments in China Manufacturing startups

Vertex Ventures China invests in high-growth internet and technology start-ups across mainland China, and provides funding support and value-add services to portfolio companies in their growth stage. Based in Beijing and Shanghai, Vertex Ventures China collaborates with the Vertex network of ventures funds across US, Israel, Southeast Asia, and India, and under auspices of Vertex Holdings providing local knowledge with global perspective.

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Investment focus

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

Investor stats

  • Total investments: 238
  • Round size: Seed $3M–$30M; Series A $1.6M–$47M; Series B $6.7M–$150M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Flowtica — Flowtica provides Scribe, an AI smart pen that records, highlights, tracks notes with FlowTran, and converts them into structured summaries.
  • AnHeart Therapeutics — AnHeart Therapeutics is a developer of innovative pharmaceutical products. The company is focused on acquiring, developing and commercializing innovative pharmaceutical products that improve human health and quality of life. It's main research product, AB-106, is an oral, highly selective ROS1/NTRK small molecule inhibitor.
  • Bingchen Quantum Technology — Bingchen Quantum is a tech hardware enterprise that develops and manufactures critical upstream equipment for neutral-atom quantum computing. The company specializes in building standardized, high-performance cold atom systems to replace non-standard laboratory equipment. Its products focus on resolving scalability and commercialization bottlenecks by converting complex scientific setups into general-purpose, plug-and-play industrial hardware.
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CDH Investments
VC Fund · Kowloon City, Kowloon, Hong Kong · 30 investments in China Manufacturing 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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Oriza Holdings
VC Fund · Suzhou, Jiangsu, China · 29 investments in China Manufacturing startups, 34 in the past 12 months

Oriza Holdings is a Chinese management fund that covers equity, debt financing, and investment since 2007.

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Investment focus

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

Investor stats

  • Total investments: 230
  • Round size: Seed $4.5M–$44M; Series A $1.5M–$46M; Series B $10M–$100M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • BCI-Sonics — BCI-Sonics is an innovative medtech company developing non-invasive brain-computer interface solutions using advanced transcranial focused ultrasound (tFUS) technology. The company builds a next-generation therapeutic platform enabling precise neuromodulation to treat central nervous system disorders. BCI-Sonics develops low-intensity focusedultrasound technology that non-invasively stimulates deep brain regions with high precision. They combine ultrasound engineering and neuroscience to interface safely and effectively with the human brain without surgery. The company is creating an AI ultrasound brain-computer interface platform for therapeutic neuromodulation applications.
  • MOSS Intelligence — MOSS Intelligence is a high-tech enterprise in China focusing on the research and commercialization of next-generation strong interactive basic models, aiming to advance the development of highly adaptive, multimodal AI systems that enable natural, context-aware human–machine interaction while supporting scalable applications across industries suchas education, enterprise services, robotics, and digital ecosystems.
  • Leadsynbio — Pilot Bio is a bio-manufacturing technology research and development company, focusing on bio-manufacturing of major chemical products, bio-process substitution in heavy-polluting industries, etc., providing users with bio-catalytic synthesis processes, enzyme product research and development, production, sales, and downstream companies with enzymeengineering , Technical service outsourcing and production service outsourcing of strain transformation and metabolic engineering.
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Legend Capital
VC Fund · Beijing, Beijing, China · 28 investments in China Manufacturing 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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Qianhai Fund of Funds
VC Fund · Shanzhen, Fujian, China · 27 investments in China Manufacturing startups

Qianhai Fund of Funds is a fund management company that markets qualified investors in the private equity investment industry. Qianhai Fund of Funds comes from four types of LP's such as local governments, well-known companies, insurance financial institutions, and a number of listed companies and well-known corporate controllers. The fund management party introduced at the press conference that the Qianhai Fund of Funds' overall investment strategy pursues low-risk, medium-to-high-yield, mainly based on high-quality venture capital, and private equity investment funds, supplemented by direct investment and short-term investment. Qianhai Fund of Funds was founded on 2015 and is headquartered in Shenzhen, China.

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Investment focus

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

Investor stats

  • Total investments: 167
  • Round size: Series A $1.6M–$63M; Series B $2.9M–$45M; Series C $14M–$126M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Prosemi — Pusenmei is a precision micro-resistance current sensor developer company committed to delivering professional and diverse precision micro-resistance current detecting resistors and circuit protection solutions.
  • Yuansi Technology — Yuansi Technology develops brain-computer interface hardware and interactive solutions for medical, research, consumer, and education sectors.
  • Ruide Pharmaceutical — Ruide Pharmaceutical is an integrated enterprise focusing on the research, development, production, and sales of companion animal (pet) pharmaceuticals in the consumer healthcare sector.
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Yunqi Partners
VC Fund · Shanghai, Shanghai, China · 27 investments in China Manufacturing startups, 38 in the past 12 months

Yunqi Partners sharpen its focus on technology empowered industries. Yunqi is systematically investing in digital transformation of industries and industrialisation of technologies covering areas such as cutting-edge technology, advanced manufacturing, IoT, SaaS and B2B supply chain.

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Investment focus

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

Investor stats

  • Total investments: 262
  • Round size: Seed $1.8M–$30M; Series A $3M–$30M; Series B $10M–$60M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $300M in 2021

Portfolio highlights

  • Senyue Chengxing — Senyue Chengxing is a technology company dedicated to the field of intelligent rehabilitation, specializing in the integration of advanced technologies such as artificial intelligence, data analytics, and smart hardware to develop innovative rehabilitation solutions that enhance patient recovery outcomes and improve the efficiency and quality ofhealthcare services.
  • Soge Intelligent — Soge Intelligent engages in technology promotion and application services.
  • 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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China Fortune-Tech Capital
VC Fund · Shanghai, Shanghai, China · 26 investments in China Manufacturing startups, 42 in the past 12 months

China Fortune-Tech Capital Co., Ltd. (“CFTC”) was found in February 2014 in Shanghai, China. The company was incorporated by SMIC, mainland China’s most advanced pure play semiconductor foundry, and a senior investment team along with other shareholders. CFTC’s investments focuse on IC industry including semiconductor materials and electronic materials, IC design, equipment, IP, services and tools. Its investment philosophy emphases on professional, international and industrial Chain-focusing. Their ur core team consist IC and Telecommunication industry entrepreneurs with more than 20-year experiences in enterprise management and investment. Besides the strong supports from the shareholders, CFTC invites the most active and prestigious experts, who come from IC leading company, IC industry association and financial institutions to form an advisor board.

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Investment focus

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

Investor stats

  • Total investments: 112
  • Round size: Seed $14M–$89M; Series A $14M–$155M; Series B $14M–$149M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Engitist — Jiangling Technology provides high-quality optical measurement and inspection equipment to semiconductor customers around the world.
  • Fuxi Quantum — Fuxi Quantum operates as an industrial research and development quantum application computing platform.The company integrates the workflow of industrial problem modeling, algorithm solving, hardware execution, and result verification into corporate research processes.
  • Lankun Microelectronics — Shanghai Lankun Microelectronics Technology Co., Ltd. develops specialized silicon photonics chips and chiplet integrated circuits that use light-driven channels rather than traditional copper wires to scale up high-bandwidth data transfer speeds across intensive artificial intelligence computing networks.
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ZSVC
VC Fund · Beijing, Beijing, China · 26 investments in China Manufacturing startups, 14 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 148
  • Round size: Seed $1.4M–$4M; Series A $1.5M–$21M; Series B $3.1M–$84M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Tpson — Tpson is a Smart Hardware company.
  • Ounuo Semiconductor — Ounuo Semiconductor is a manufacturing company that provides research and development of semiconductor equipment.
  • HUAXI Technology — HUAXI Technology is a global leader specializing in the development and delivery of comprehensive, high-end smart elderly care solutions. By integrating advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and big data analytics, the company is dedicated to enhancing the quality of life for seniors worldwide.
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Northern Light Venture Capital
VC Fund · Beijing, Beijing, China · 26 investments in China Manufacturing 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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Future Capital Discovery Fund
VC Fund · Beijing, Beijing, China · 25 investments in China Manufacturing startups, 16 in the past 12 months

Future Capital is an early-stage venture firm investing at the frontier of deep technology

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Investment focus

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

Investor stats

  • Total investments: 210
  • Round size: Seed $228k–$8M; Angel $409k–$6.5M; Series A $929k–$20M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: Likely still investing — raised $57M in 2022

Portfolio highlights

  • Yueqian Innovation — Yueqian Innovation focuses on the research and practical application of AI and robotics technologies in the field of intelligent photography, and is committed to providing efficient, intelligent, and highly automated photography solutions. By integrating advanced computer vision, machine learning, and robotic control systems, the company developsinnovative products and services that enhance shooting efficiency, improve image quality, and enable creative, precise, and adaptive photographic experiences for a wide range of professional and consumer scenarios.
  • Xingyue Semiconductor — Xingyue Semiconductor designs, develops, and distributes integrated circuits and devices.
  • Sichuan All-Solid-State — Sichuan All-Solid-State is a company that includes research and development of novel material technologies, manufacturing of special electronic materials, and technological development.
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SND Ventures Group
VC Fund · Suzhou, Jiangsu, China · 25 investments in China Manufacturing startups, 10 in the past 12 months

SND Ventures Group is a venture capital and private equity firm specializing in seed investments.

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Investment focus

  • Industry: Manufacturing, Semiconductor, Health Care
  • Stage:Series A, Series B, Seed
  • Geography: China

Investor stats

  • Total investments: 86
  • Round size: Series A $1.6M–$21M; Series B $1.4M–$28M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • FAIR — FAIR, the first collaborative robot company to realize independent research and development of all core components.
  • Ruiqi Deep Space — Ruichi Deep Space is an intelligent remote sensing constellation company built on space-based capabilities and driven by AI , aiming to construct a " commercial aerospace" platform.
  • Vicvac Electronics Technology — Vicvac Electronics Technology is a manufacturer specializing in high-voltage DC contactors, new energy sensors, and power distribution modules. Its products support electric vehicles, EV charging stations, battery swapping facilities, solar power, and energy storage systems. The company focuses on innovative technology, reliable electrical safety, and efficient energy management solutions.
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Oriza Seed Capital (Oriza Yuandian)
VC Fund · Suzhou, Jiangsu, China · 25 investments in China Manufacturing startups, 30 in the past 12 months

Oriza Seed Venture Capital, located in Suzhou Industrial Park, is held by Suzhou Oriza Holdings Ltd. Oriza Seed is a market-oriented investment platform. It looks for investment opportunities among early-stage and growth-stage enterprises in the fields of Healthcare and TMT. Oriza Seed has ample resources and experiences investing in the healthcare field. By late March 2016, Oriza Seed has invested in more than 50 healthcare companies, including Ascentage Pharma, Innovent Biologics, and SceneRay Corporation.

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Investment focus

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

Investor stats

  • Total investments: 154
  • Round size: Seed $223k–$25M; Angel $425k–$15M; Series A $1.4M–$60M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Weilan Deep-Sea — Weilan Deep-Sea focuses on the global underwater ocean observation field, with its core product being distributed underwater observation systems that integrate advanced sensing, data transmission, and intelligent monitoring technologies to enable long-term, wide-area, and high-precision observation of oceanographic, environmental, and geologicalprocesses.
  • Diver Innovation — Loon Innovation addresses a key limitation of traditional unmanned systems they typically operate in isolation, with aerial drones (“fly in the sky”) and underwater vehicles (“swim in the water”) functioning independently rather than as an integrated, coordinated system.
  • Thortime Technology — Thortime Technology is a hard-tech company specializing in the full-stack development, manufacturing, and delivery of Neutral Beam Injection systems for controllable nuclear fusion devices.
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Frees Fund
VC Fund · Beijing, Beijing, China · 24 investments in China Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 245
  • Round size: Seed $1.4M–$14M; Angel $452k–$10M; Series A $1.6M–$28M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $144M in 2015

Portfolio highlights

  • Chuguang 3D — Chuguang 3D is a optical micro-nano 3D sensor technology platform that focuses on research and development, and manufacturing of micro-nano-level optical three-dimensional sensing and measurement and testing instruments.
  • Flysound — Flysound is a hearing technology company focused on making advanced AI-powered hearing aids affordable and accessible. Its products combine AI sound processing, Bluetooth connectivity, app-based personalization, and rechargeable convenience. With a focus on innovation, quality, and user-friendly design, Flysound aims to help people hear moreclearly and stay connected to everyday life.
  • Clarify intelligence — Clarify Intelligence is an artificial intelligence technology company focused on the research, development, and deployment of AI-driven software and intelligent solutions. The company specializes in developing foundational AI platforms, application software, and advanced AI algorithms to support a wide range of industry use cases.
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Zhuoyuan Capital
VC Fund · Shenzhen, Guangdong, China · 24 investments in China Manufacturing startups, 14 in the past 12 months

Zhuoyuan Capital providing financial advisory and investment services based on corporate development and capital operations.

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Investment focus

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

Investor stats

  • Total investments: 91
  • Round size: Seed $1.4M–$40M; Series A $1.6M–$41M; Series B $14M–$43M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Huixi Intelligent — Huixi Intelligent focuses on autonomous driving chips, and its products include chip computing platforms, autonomous driving software solutions, and development tool chains.
  • Pengka Intelligent — Pengka Intelligent is a startup team focusing on the research and development of next-generation general-purpose companion robots.
  • Lightweight Manufacturing — The objective of Lightweight Manufacturing is to provide small and medium-sized enterprises with "lightweight," decentralized, and scaled-down manufacturing tools.
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Tsinghua Capital
VC Fund · Haidian, Beijing, China · 24 investments in China Manufacturing startups, 42 in the past 12 months

Tsinghua Capital is an investment firm.

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Investment focus

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

Investor stats

  • Total investments: 104
  • Round size: Seed $1.4M–$74M; Angel $436k–$15M; Series A $8.3M–$18M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • XHEART — XHEART specializes in the designing and development of computing chips for physical AI applications.
  • Clarify intelligence — Clarify Intelligence is an artificial intelligence technology company focused on the research, development, and deployment of AI-driven software and intelligent solutions. The company specializes in developing foundational AI platforms, application software, and advanced AI algorithms to support a wide range of industry use cases.
  • Super Evolution Intelligence — Super Evolution Intelligence focuses on developing fundamental research models equipped with advanced meta-research capabilities, enabling them to analyze existing scientific knowledge, identify research gaps, formulate novel hypotheses, and autonomously explore complex problems.
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Hefei Industry Investment Group
VC Fund · Hefei, Anhui, China · 23 investments in China Manufacturing startups

Hefei Industry Investment Group is an industrial investment and financing company.

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Investment focus

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

Investor stats

  • Total investments: 92
  • Round size: Series A $9.6M–$101M; Series B $14M–$295M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fund raised in 2026

Portfolio highlights

  • Surgerii Technology — Beijing Surrey is a technology company founded by an industry elite active in China's medical equipment. Relying on the core technology of the new generation of flexible continuum robotic arm, running through the implementation paradigm of many types of clinical minimally invasive surgery, and harnessing the powerful system design andintegration capabilities, Beijing Shurui is committed to becoming the first independent independent research and development, production and sales in China.
  • Hangke Platinum Technology — Hefei Hangke Borui focuses on the R&D and production of advanced thermal barrier and high-temperature corrosion-resistant coatings.
  • Qianyuan Quantum Technology — Qianyuan Quantum is a deep-tech enterprise specializing in neutral-atom quantum supercomputing clusters focusing on the construction of an independent and controllable next-generation quantum computing infrastructure.
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China Capital Management
VC Fund · Beijing, Beijing, China · 23 investments in China Manufacturing startups, 29 in the past 12 months

China Capital Management is a direct investment business institutions for securities companies.

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Investment focus

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

Investor stats

  • Total investments: 93
  • Round size: Series A $7.4M–$55M; Series B $3.2M–$28M; Series C $4.8M–$283M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely actively investing — fresh fund, raised $148M in 2026

Portfolio highlights

  • Biotree — Baiqu Bio is a high-tech enterprise specializing in the application, consulting and development of cutting-edge research technology in life sciences. It is also an early detection and analysis service organization for comprehensive solutions of metabolomics in China. The company's core team has extensive experience in the field of metabolomicsin scientific research services, health testing, and industrial testing. Baiqu Bio focuses on mass spectrometry and metabolic testing, and continues to develop and research on metabolomics product innovation and technology. At present, it has a number of metabolomics patents, masters the core technology in the field of metabolomics, and is proud of the domestic metabolomics detection and analysis field. Achievements. Since its inception, the company's performance has maintained a steady growth momentum for consecutive years and has achieved profitability for six consecutive years.
  • Planck Innovation — Pulang Innovation is a semiconductor quantum dot light-emitting material and equipment developer, focusing on the research and development, production and sales of semiconductor quantum dot light-emitting materials, new quantum dot displays and semiconductor thin film process equipment. The company has quantum dot material research and development,synthesis, and production capabilities. It has core technology. The unique quantum dot coating technology solves the key problem of insufficient stability of quantum dot materials. The quantum dot optical film products produced by the company are in thickness (ultra-thin), Stability, edge failure, color gamut and other key indicators are in a leading position in China. The innovation of the wave makes the application of quantum dot technology in portable display devices a possibility.
  • Yisheng New Materials — Yisheng New Materials has developed a W-coating thickness management technology that creates a highly thermally conductive interface between diamond and the metal substrate while avoiding damaging interfacial interactions.
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ZGC Group
VC Fund · Beijing, Beijing, China · 23 investments in China Manufacturing startups, 12 in the past 12 months

ZGC Group was established in 2010. With a consistent mission of serving innovation-driven development, it has been committed to building an open and shared ecosystem pooling innovation factors. To promote the transformation and industrialization of sci-tech achievements, it deploys innovative resources across the world by means of building high-tech parks, making investments, providing funding and professional services and etc. It now has become an integral part of Zhongguancun innovation and entrepreneurship ecosystem.

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Investment focus

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

Investor stats

  • Total investments: 89
  • Round size: Seed $283k–$46M; Series A $1.5M–$16M; Series B $3.1M–$85M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • SECCO Power — SECCO Power is a battery manufacturer that mainly engages in battery manufacturing, battery sales, battery parts sales, energy storage technology services, and new energy vehicle production and testing equipment sales.
  • Yuequan Bionics — Yuequan Bionics specializing in bionic sports intelligence, bionic health systems and equipment, and humanoid robots.
  • Yisheng New Materials — Yisheng New Materials has developed a W-coating thickness management technology that creates a highly thermally conductive interface between diamond and the metal substrate while avoiding damaging interfacial interactions.
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Dongfang Jiafu
VC Fund · Hangzhou, Zhejiang, China · 23 investments in China Manufacturing startups, 24 in the past 12 months

Dongfang Jiafu is an equity fund management firm.

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Investment focus

  • Industry: Manufacturing, Semiconductor, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: China

Investor stats

  • Total investments: 71
  • Round size: Seed $14M–$89M; Series A $14M–$42M; Series B $28M–$100M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Zhongke lon — Zhongke lon engages in the R&D and manufacturing of high-end medical devices such as proton therapy equipment. It is committed to providing full-cycle solutions for the construction and operation of proton therapy centers and creating nuclear technology applications and medical equipment. The company was established in 2016 and is headquartered in Hefei, Anhui, China.
  • Gaowei Medicine — Gaowei Medicine is a drug discovery platform for developing new drugs for key intractable diseases such as cancer and neurological diseases.
  • Blue Pivot Energy Technology — Blue Pivot Energy Technology is a nuclear energy technology company focused on the independent development and commercialization of integrated water-cooled small modular reactors (SMRs).
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Gaorong Capital
VC Fund · Wangjing, Beijing, China · 23 investments in China Manufacturing 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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Glory Ventures
VC Fund · Shanghai, Shanghai, China · 22 investments in China Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 111
  • Round size: Seed $3M–$62M; Series A $7.3M–$126M; Series B $14M–$251M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $155M in 2024

Portfolio highlights

  • Botai Automation — Botai Automation is specialized in CNC system research and development. Its CNC system can be used in machine tools, including drilling and tapping machines, turning and milling compound machining centers and their control accuracy, stability, and performance outperform earlier products of the same type.
  • Chiplight Technology — Chipligh Technology develops optical interconnect and silicon photonics solutions for AI computing clusters.
  • 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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Hua Capital
VC Fund · Beijing, Beijing, China · 21 investments in China Manufacturing startups, 34 in the past 12 months

Hua Capital Management Co., Ltd is organized and founded by an experienced semiconductor industry investment team with Tsinghua Holdings Co., Ltd. and China Fortune-Tech Capital Co., Ltd. Its investments focuses on the semiconductor industry and related areas. Hua Capital emphases on professional, international and industrial Chain-focusing investment philosophy. Their team consists of semiconductor industry entrepreneurs from both home and abroad and the core members of most active semiconductor funds, all of whom have more than 20 years’ experience in semiconductor industry entrepreneurship, management and investing. Hua Capital, by availing itself of its all-in specialized experience and industry leadership, will help increase the targeted portfolio companies’ value and synergy to enable them to be the leaders in the semiconductor industry.

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Investment focus

  • Industry: Manufacturing, Semiconductor, Electronics
  • Stage:Series A, Seed, Series B
  • Geography: China, United States

Investor stats

  • Total investments: 93
  • Round size: Seed $14M–$74M; Series A $7M–$143M; Series B $4.7M–$145M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Pongbot — Shop AI-powered tennis ball machines and professional table tennis robots from PONGBOT. Train smarter with customizable drills and precision control.
  • Reexen Technology — We are a group of engineers and researchers that specialize in cutting-edge research and development of high-end neural network processor for sensor-end applications. The company strives for ultra-low power performance, that helps to bring AI to mainstream. We have raised funds from top VC institutions and are supported by the authorities ofShenzhen. Our mission is to use mainstream CMOS technology to build innovative architectures for ultra-low power neural network processing.
  • Yisheng New Materials — Yisheng New Materials has developed a W-coating thickness management technology that creates a highly thermally conductive interface between diamond and the metal substrate while avoiding damaging interfacial interactions.
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Green Pine Capital Partners
VC Fund · Shenzhen, Guangdong, China · 21 investments in China Manufacturing startups

Shenzhen Green Pine Capital Partners Co. Ltd. (“GPCP”) was established in 2007, with the investment team assembled in 2000. GPCP is one of the most time-honored Chinese VC companies that boast experience in areas such as biotech, new materials, new resources and AI, etc. Currently, GPCP manages assets over 15 billion RMB through 21 special funds and have invested 7 billion RMB into 388 enterprises among which 14 are listed on NEEQ and 48 of them are either listed or acquired by listed companies, including BGI(300676.SZ), Aurora(600666.SH), Nationz Tech(300077.SZ), Foresee(002530.SZ), Qudian(NASDAQ:QD), etc. GPCP invested in the angel round of BGI (Beijing Genomics Institute), Royole, Kuang-Chi, Appotronics, BMF, C-one, Arrayed Materials and other star enterprises. GPCP is based in Shenzhen, with branches in Beijing, Shanghai and Guangzhou. GPCP also runs two GPI incubators and an incubator for overseas Chinese scientists who start businesses in China.

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Investment focus

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

Investor stats

  • Total investments: 253
  • Round size: Angel $432k–$7.4M; Series A $1.5M–$60M; Series B $3M–$150M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely actively investing — fresh fund, raised $42M in 2025

Portfolio highlights

  • Enrikenuo — Enrikenuo is a biotechnology company that focuses on the research and development of new generation CAR-NK technology based cell drugs.
  • Ultimate Context — Ultimate Context is a high-tech enterprise specializing in the research, development, and innovation of AI video expression systems. The company is dedicated to advancing the field of intelligent video technology through the integration of artificial intelligence, computer vision, and deep learning.
  • 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.
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Hefei Innovation Investment
VC Fund · Hefei, Anhui, China · 21 investments in China Manufacturing startups, 17 in the past 12 months

Hefei Venture Capital is committed to promoting the development of scientific and technological innovation-oriented enterprises.

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Investment focus

  • Industry: Manufacturing, Industrial, Advanced Materials
  • Stage:Series A, Angel, Series B
  • Geography: China

Investor stats

  • Total investments: 56
  • Round size: Series A $1.4M–$122M; Series B $14M–$200M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • 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.
  • AGIMind Robotics — AGIMind Robotics is a service provider specializing in the manufacturing of computers, communication devices, and other electronic equipment, delivering technology-driven solutions to support various industrial and commercial applications.
  • Inspiration Robotics — Inspiration Robotics is an enterprise focusing on the research of force, tactile sensing technology and full-stack system for robots.
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Guangdong Technology Financial Group
VC Fund · Guangzhou, Guangdong, China · 20 investments in China Manufacturing startups, 13 in the past 12 months

Guangdong Province, Guangdong Branch Financial Group Limited (Guangdong Branch of finance) is a wholly state-owned enterprises in Guangdong Provincial People's Government authorized to operate, formerly established in 2000 in Guangdong Province, Guangdong Technology Venture Capital Group Co., Ltd. September 2011, the provincial government authorized the provincial Science and Technology Department of Guangdong Branch of financial perform the function. In June 2013, the provincial government decided to "Guangdong Province, the Guangdong Branch of Venture Capital Group Co., Ltd." was renamed "Guangdong Province, Guangdong Branch Financial Group Limited." Guangdong Branch of micro finance to address high-tech small and medium enterprise financing difficult for the mission to "create 100 billion Technology Financial Group" as the goal, to play an active policy of Technology Financial Group's strategic platform, fundamental role, build a "3 + 1 "business system (ie equity investment, science and technology financial services, science and technology parks and company financial industry platform listed), and strive to build in Guangdong Province to promote science and technology, finance, industry, the depth of integration of the main channel, the main platform and the main force, around the high-tech small and medium micro enterprises financing needs, to carry out systematic investment, Tam, loan, lease and other business, science and technology to create a versatile type of financial service network to form an overall competitive advantage.

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Investment focus

  • Industry: Manufacturing, Software, Information Technology
  • Stage:Series A, Series B, Angel
  • Geography: China, Japan, Hong Kong

Investor stats

  • Total investments: 109
  • Round size: Angel $425k–$492k; Series A $1.4M–$14M; Series B $3.1M–$295M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Moguang New Energy — Moguang New Energy Focus on providing new thermal management solutions for advanced devices and high-end manufacturing
  • Zhishen Technology — Zhishen Technology focuses on the field of embodied intelligence.
  • Jincihaina New Material — Jincihaina New Material is a technology-based company that focuses on amorphous and nanocrystalline magnetic materials and application solutions.
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UnityVC
VC Fund · Beijing, Beijing, China · 20 investments in China Manufacturing startups, 15 in the past 12 months

Unity Ventures began in Beijing in 2011 led by Shaw Wang who was one of the 7 founders of Baidu (NASDAQ:BIDU). As one of the leading local early-stage venture capital firms, they have invested in more than 200 startups, focusing on industrial upgrades, emerging technology, enterprise services, consumption internet and entertainment. They believe “Do valuable things, commercial value will follow". They are committed to adding value in the investment cycle and look forward to long-term cooperation with outstanding entrepreneurs.

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Investment focus

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

Investor stats

  • Total investments: 161
  • Round size: Seed $448k–$15M; Angel $324k–$3M; Series A $1.6M–$15M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • D-Robotics — Accelerate development with D-Robotics RDK developer kits & open-source tools for edge AI & embodied robotics. Boost performance up to 128 TOPS. Shop now!
  • Dingxi Zhichuang — Dingxi Zhichuang is an integrated circuit chip developer specializing in the manufacture, design, and services of integrated circuit chips and products, as well as sales and the manufacturing of semiconductor device special equipment.
  • Silicon Carbon Unlimited — Silicon Carbon Unlimited is a technology company specializing in the development of intelligent robots designed to deliver advanced automation and smart solutions across a range of applications.
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Source Code Capital
VC Fund · Chaoyang, Liaoning, China · 20 investments in China Manufacturing 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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Hillhouse Investment
VC Fund · Singapore, Central Region, Singapore · 19 investments in China Manufacturing startups, 17 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 455
  • Round size: Series A $2.9M–$153M; Series B $12M–$219M; Series C $16M–$300M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — raised $1.4B in 2023

Portfolio highlights

  • KMC Solutions — Build global teams in the Philippines and Colombia with KMC's Employer of Record, recruitment, HR, payroll, and flexible office solutions.
  • LifeLabs Design — LifeLabs patented warming & cooling technology allows for comfort across extreme temperatures. Explore our dedication to producing sustainable & eco-friendly fabrics.
  • DayOne — GDS International portfolio currently comprises approximately 480 MW of data center capacity in service and under construction and an additional 590 MW held for future development across strategic locations in Hong Kong, Singapore, Malaysia (Johor), Indonesia (Batam), and Japan (Tokyo).
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Yinxinggu Capital
VC Fund · Hangzhou, Zhejiang, China · 19 investments in China Manufacturing startups, 18 in the past 12 months

Yinxinggu Capital is an investment platform that focuses on early investment opportunities in emerging industries, such as in retail and manufacturing, promoting the digital upgrade of the industry. The firm was jointly initiated by Slan Holdings, Huali Group, Huari Industrial, Jinggong Group, and Wanfeng Auto. The company was founded in 1997 and is based in Hangzhou, China.

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Investment focus

  • Industry: Manufacturing, Information Technology, Software
  • Stage:Series A, Angel, Series B
  • Geography: China, Singapore

Investor stats

  • Total investments: 180
  • Round size: Angel $435k–$14M; Series A $1.5M–$26M; Series B $3.2M–$59M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Zhongke lon — Zhongke lon engages in the R&D and manufacturing of high-end medical devices such as proton therapy equipment. It is committed to providing full-cycle solutions for the construction and operation of proton therapy centers and creating nuclear technology applications and medical equipment. The company was established in 2016 and is headquartered in Hefei, Anhui, China.
  • Xirang Kaiwu — The mission of Xirang Kaiwuvision is to become the public infrastructure of the physical intelligence era, offering fundamental support for all industries, including robotics and autonomous driving, that require interaction with the physical world.
  • Lingshu Intelligent Technology — Lingshu Intelligent Technology offers strategic and production operation management, and lead metrics solutions for manufacturing companies.
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Shenzhen Guozhong Venture Capital Management
VC Fund · Shenzhen, Guangdong, China · 19 investments in China Manufacturing startups, 16 in the past 12 months

Shenzhen Guozhong Venture Capital Management CO. LTD.(GZVCM) was founded on 21st of December 2015, currently being entrusted to manage the first entity fund of Small Medium Enterprises Development Fund(SHENZHEN)LLP with a size of 6 Billion Yuan. Guozhong Venture Capital with a registered size of 100million Yuan, partners consisting Shenzhen venture capital group (49%) and the management team of Small Medium Enterprise Development Fund (SHENZHEN) (51%).

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Investment focus

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

Investor stats

  • Total investments: 138
  • Round size: Seed $441k–$14M; Series A $1.5M–$41M; Series B $9.2M–$100M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Nova Fusion — Nova Fusion is an innovative company that provides commercialization of small modular nuclear fusion reactors.
  • Xijia Medical — Xijia Medical is a brain science AI technology developer dedicated to individualized brain data analysis and brain disease research.
  • Ractigen Therapeutics — ractigen-hero-slider ractigen-row first odd first-in-class row-copy We Deliver First-in-Class Therapies We are an clinical-stage pharmaceutical company creating first-in-class therapies designed to boost expression of therapeutic genes in diseased cells. LEARN MORE > row-image ractigen-row even rnaa-technology row-image row-copy RNAa Technology: RNAa (RNA activation) is a platform technology to selectively turn genes on by using short
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Summitview Capital
VC Fund · Beijing, Beijing, China · 19 investments in China Manufacturing startups, 16 in the past 12 months

Wu Yuefeng capital to the twenty-first century has been a very growing vitality of the outstanding enterprises to provide funds, and to grow into leading the industry trend leader as any. Their investment strategy is clear and clear: do their best to creativity, innovation and technology to provide the necessary resources for a huge commercial success for the great opportunity it represents. Wu Yuefeng Capital currently manages funds located in Shanghai, Beijing, Jiangsu, California and other places. Since its inception in early 2011, they actively cooperate with the government government guidance funds, emerging industries to high-tech venture capital, covering the core areas of integrated circuits, mobile Internet, energy saving technology, clean energy, bio-medicine, culture and creative. Wu Yuefeng well versed in this rapidly changing world, more and more complex problems require creative solutions. Especially the new generation of information technology, information services, clean energy, environmental protection and technology, cultural and creative industries, is facing unprecedented opportunities and change. The current set of advantages is their capital, technology, human resources and policies to promote the perfect time to these industry changes. These industries in the emerging business development, to put forward a new strategic investor demand. Mode of operation of venture capital funds originally consistent with the need to constantly change. Industry and professional capability is the core, the selection can become a critical industry leader entrepreneurs.

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Investment focus

  • Industry: Manufacturing, Semiconductor, Electronics
  • Stage:Seed, Series A, Series B
  • Geography: China, United States

Investor stats

  • Total investments: 84
  • Round size: Seed $412k–$165M; Series A $14M–$147M; Series B $7.3M–$143M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — raised $1.7B in 2014

Portfolio highlights

  • AaltoSemi — AaltoSemi Provide all-round IC substrate services from R&D, design, production to testing, covering BT and ABF substrates. Applicable products include Coreless, ETS, FCCSP, FCBGA(BT) and FCBGA(ABF). As the substrate is the key material for the communication between the chip and the circuit board, and the chip design is constantly challengingthe limit of Moore's Law and the demand for chips in the automotive electronics market is constantly expanding, how to achieve high precision, high quality, high reliability and mass production of IC substrates is very important.
  • Wushi Microelectronics — Wushi Microelectronics is an innovative enterprise in the semiconductor field, focusing on the R&D and sales of wafer-level temporary bonding and debonding equipment and permanent bonding equipment.
  • Jingsheng Superconductor — Jingsheng Superconductor focuses on the R&D and commercial scale-up of second-generation double-sided REBCO high-temperature superconducting tapes. The company builds proprietary equipment and refines manufacturing processes to achieve synchronized, uniform deposition on both sides of the tapes. Its primary objective is to supply thesehigh-performance conductors to downstream industries requiring intense magnetic fields. The core commercial application of its output is targeted at the development of controlled nuclear fusion systems.
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Manufacturing Investor funding in China at a glance

Stats across 7.6k deals from 7.1k investors.

7.1k
investors
in China Manufacturing startups
7.6k
deals
in China Manufacturing startups
$8.7M
median round
in China Manufacturing startups
38%
lead investors
lead at least one round
25%
Series A
most common funding stage
98/2
VC / Angel
share of investor count

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