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Top 50 Photography VC Funds & Investors in China (June 2026)

The most active venture capital funds investing in China Photography startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Photography startup companies. Find investors to raise a Series A, Series B or Angel round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Share Capital
VC Fund
2 China, United States, Colombia Series A, Series B, Seed Health Care, Medical, Biotechnology $142k–$57M
Chiratae Ventures
VC Fund
2 India, United States, China Series A, Seed, Series B Software, Internet, E-Commerce $500k–$30M
Frees Fund
VC Fund
2 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Health Care, Biotechnology $425k–$35M
Semir Garment
VC Fund
2 China Series B, Series C, Angel E-Commerce, Internet, Food and Beverage $2.9M–$35M
IDG Capital
VC Fund
2 China, United States, India Series A, Series B, Series C Software, Internet, E-Commerce $3M–$200M
Shanda Capital
VC Fund
1 China, United States, Hong Kong Series A, Angel, Series B Mobile, Manufacturing, Software $283k–$145M
Ameba Capital
VC Fund
1 China, United States, India Angel, Series A, Seed Software, E-Commerce, Information Services $425k–$20M
Haitong Capital
VC Fund
1 China Series B, Angel, Series A Manufacturing, Information Technology, Automotive $425k–$160M
GGV Capital
VC Fund
1 United States, China, Singapore Series B, Series A, Series C Software, Information Technology, Artificial Intelligence $5M–$150M
Ceyuan Ventures
VC Fund
1 China, United States, Singapore Series A, Series B, Angel Software, Internet, Mobile $425k–$30M
Ventech China
VC Fund
1 China, Singapore, United States Series A, Series B, Seed E-Commerce, Mobile, Retail $2M–$103M
TransCosmos
VC Fund
1 United States, Singapore, China Series B, Series A, Series C Internet, Software, E-Commerce $1.1M–$60M
Lenovo
VC Fund
1 China, United States, Spain Series A, Series B, Seed Software, Manufacturing, Information Technology $425k–$316M
JAFCO Asia
VC Fund
1 China, United States, India Series B, Series A, Series C Software, E-Commerce, Internet $2.5M–$70M
ByteDance
VC Fund
1 China, United States, India Series A, Series B Software, Artificial Intelligence, Robotics $1.6M–$143M
Vision Knight Capital
VC Fund
1 China, Malaysia, Thailand Series A, Series B, Seed Manufacturing, Artificial Intelligence, Information Technology $2.8M–$80M
Zhejiang Provincial Financial Holdings
VC Fund
1 China Series A, Angel, Series C Software, Manufacturing, Semiconductor $425k–$31M
Sapphire Lake Investment
VC Fund
1 China Series A Gaming, Medical, Big Data $2.1M–$14M
Capital Nuts Investment Management Ltd
VC Fund
1 China, United States Series A, Angel, Series B E-Commerce, Service Industry, Big Data $425k–$3.5M
NetEase Capital
VC Fund
1 China, United States, Finland Series A, Seed, Series B Video Games, Gaming, PC Games $2.5M–$200M
Qianhai Hengji Jiahui
VC Fund
1 China Series A Software, Photography, Photo Editing
Evershine Capital
VC Fund
1 China Series A, Series B B2B, ISP, Wireless
Zhongtou Guoyin
VC Fund
1 China Series A Software, Photography, Photo Editing
Dark Horse Ventures
VC Fund
1 China, Mexico Angel, Series A, Seed Software, Information Technology, Education $287k–$11M
Xiangan Longye
VC Fund
1 China Angel Children, Consumer, Photography
Ferry Venture Capital
VC Fund
1 China, United States Seed, Series A, Angel Information Technology, Manufacturing, Software $68k–$4.7M
Yi Capital
VC Fund
1 China, Israel Series A, Seed, Series B Financial Services, Security, Artificial Intelligence $2.8M–$99M
Yichen Capital
VC Fund
1 China Series A Automotive, Manufacturing, Industrial Automation
ShenZhen (SZSE)
VC Fund
1 China Seed Drones, Robotics, Photography
Walden International
VC Fund
1 United States, China, Singapore Series B, Series A, Series C Manufacturing, Semiconductor, Software $1.4M–$142M
Zhongtai Securities
VC Fund
1 China Post-IPO Equity, Series A, Angel Manufacturing, Information Technology, Software $425k–$142M
Qingsong Fund
VC Fund
1 China, United States, Canada Series A, Angel, Seed Manufacturing, Internet, Education $142k–$28M
Tianxing Capital
VC Fund
1 China Post-IPO Equity, Series B, Series C Software, Education, Medical $449k–$96M
VStar Capital
VC Fund
1 China, Portugal Series A, Series B, Series C Health Care, Manufacturing, Medical $1.3M–$120M
Leaguer Group
VC Fund
1 China Series A, Angel, Seed Manufacturing, Electronics, Artificial Intelligence $411k–$15M
Rongsheng Chuangfu
VC Fund
1 China Angel, Series A, Post-IPO Equity Coffee, Medical, Software
Allin Capital
VC Fund
1 China, India Series A, Series B, Seed Manufacturing, Semiconductor, Robotics $1.4M–$28M
Yanjiyou
VC Fund
1 China Series A Art, Fashion, Photography
Farallon Capital Management
VC Fund
1 United States, China, India Post-IPO Equity, Series C, Series D Biotechnology, Health Care, Therapeutics $25M–$325M
Kaiyuan Securities
VC Fund
1 China Post-IPO Equity, Series B, Series A Manufacturing, Software, Industrial $109k–$17M
Stone Capital
VC Fund
1 China, Israel, United States Series A, Angel, Seed Software, Automotive, Electronics $283k–$13M
Grand Harvest
VC Fund
1 China Series A Software, Photography, Photo Editing
SHiP
VC Fund
1 China Series A, Angel, Series B Software, Hardware, Payments $1.4M–$2.8M
Zhongzhiyixin Konggu
VC Fund
1 China Series A Software, Photography, Photo Editing
Rolyin Investment
VC Fund
1 China Angel, Series B Dating, Big Data, Children $283k–$425k
Suzhou Touareg Outdoor Media
VC Fund
1 China Series A Photography, Film Production, Content Creators
Zero2IPO Ventures
VC Fund
1 China, Taiwan, India Series A, Series B, Angel E-Commerce, Internet, Education $142k–$42M
Yangjiade
VC Fund
1 China Series A Software, Photography, Photo Editing
VenturesLab
VC Fund
1 China, United States, Singapore Angel, Seed, Series A Software, E-Commerce, Information Technology $142k–$55M
RiverHill Fund
VC Fund
1 China Series B, Series A, Seed Artificial Intelligence, Internet, Software $3.5M–$46M
Access all 94 VC funds in China Photography startups.

Access 48,091 investors

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

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Investor list

Share Capital
VC Fund · Shenzhen, Guangdong, China · 2 investments in China Photography startups

Share Capital is a venture capital firm specializing in seed, start-up, early, middle, growth capital, and Pre-IPO investments. it primarily invests in big living, medical healthcare, and internet innovation. In medical healthcare, it seeks to invests in pharmaceuticals, innovative equipment, biotechnology, diagnostic testing equipment andreagents, anti-infectives, drug discovery, medical health service, mobile medical services, and informatization.

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Investment focus

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

Investor stats

  • Total investments: 112
  • Round size: Seed $142k–$6.9M; Series A $1.4M–$15M; Series B $2.8M–$57M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Microview — Microview is a high-tech enterprise specializing in the research and development of high-precision complex process chip packaging equipment.
  • SuperDimension Power — SuperDimension is dedicated to creating leading embodied intelligent brains and robot bodies.
  • Help Therapeutics — Help Stem Cell Innovations Co. Ltd. is the first biotechnology company in China to use iPSC-induced pluripotent stem cell technology to regenerate myocardial, liver, nerve and other tissues and organs. Relying on this core technology, Elp Regenerative Medicine is committed to building a national biological sample bank and cell preparation center,leading the frontier of cell therapy, promoting the clinical transformation of regenerative medicine, and solving the clinically unresolvable degenerative and functional impairment diseases. Reshape human health.
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Chiratae Ventures
VC Fund · Bangalore, Karnataka, India · 2 investments in China Photography startups

Chiratae Ventures is a global network of venture capital funds with approximately $3.6 billion under management and a portfolio of over 220 companies built over the last 15 years. The Chiratae Ventures network is comprised of five independent partnerships managing funds in North America and Asia. Each partnership makes investments on behalf of itslimited partners, including International Data Group (IDG), the world's largest IT media company. By combining the IDG platform – an unparalleled combination of global publishing, market research (IDC), and conferences and exhibition resources – with years of hands-on experience in early-stage company building, each Chiratae Ventures fund helps companies understand their markets better and penetrate them faster than their competition.With partnerships in the USA, Korea and multiple locations throughout China, India and Vietnam, the IDG Ventures network offers the international perspective and the local market expertise to help companies grow from start-ups to global success stories.

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Investment focus

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

Investor stats

  • Total investments: 146
  • Round size: Seed $500k–$8M; Series A $3.2M–$23M; Series B $5.9M–$30M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Expertia.AI — AI-powered screening and assessments: find and interview top candidates from 100+ platforms and hire in 24 hours, all at <10% of the cost.
  • TheLightbulb.Ai — Want to Make Better Business Decisions? Thelightbulb.ai Uses Ai to Analyze Real-Time Data to Identify and Track Emotions. Improve Decision-Making Today!
  • ClaimBuddy — ClaimBuddy acts as one-stop solutions for Health Insurance Claim assistance for Patients and Hospitals. ClaimBuddy are building an ecosystem to ensure Hassle-free insurance claims by leveraging technology, and a set of simple yet powerful processes and operations.
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Frees Fund
VC Fund · Beijing, Beijing, China · 2 investments in China Photography 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-stagestartups, and hope to become their first-round institutional investor. Our primary interested areas are broad-sense TMT (Technology, Media, Telecom), B2B and deep technology.

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Investment focus

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

Investor stats

  • Total investments: 198
  • Round size: Seed $1.4M–$14M; Angel $425k–$17M; Series A $1.4M–$35M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $130M in 2015

Portfolio highlights

  • SoundAI — Sound Technology is a science and technology innovation company that specializes in acoustics frontier technology and artificial intelligence interaction. It is committed to lead the more interactive experience of artificial intelligence in the real environment and realize the human-computer interaction vision that "listen to you and know whatyou think".
  • Neurodome — Neurodome is a manufacturer of non-invasive deep brain nerve modulation technology. It focuses on the research and development of non-invasive deep brain nerve modulation products.
  • Pulin Technology — Pulin Technology provides tools and materials for creating nanoimprints and contributes to the study and advancement of fundamental technologies.
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Semir Garment
VC Fund · Wenzhou, Zhejiang, China · 2 investments in China Photography startups

Zhejiang Semir Garment is a Wenzhou-based local apparel company with two leading casual wear brands, Semir for young casual wear & Balabala for kidswear.Semir opened its first store in 1997 in Jiangsu Province, selling leisurewear. Semir is now one of China's largest clothing retailers, with more than 7,500 stores.Semir ownsBalabala, which is China's leading children's clothing brand.

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Investment focus

  • Industry: E-Commerce, Internet, Food and Beverage
  • Stage:Series B, Series C, Angel
  • Geography: China

Investor stats

  • Total investments: 10
  • Round size: Series B $2.9M–$9.9M; Series C $14M–$35M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Baman — Baman Hunan Rice Noodles is a restaurant chain that offers dine-in, takeout, retail, e-commerce, and unrestricted catering services.
  • Novabiotx — Novabio is a multimodal Treg cell therapy developer that specializes in creating medications for the treatment of metabolic, autoimmune, and neurological disorders.
  • Fengyun Technology — Fengyun Technology is an agricultural intelligence company aims to drive the development of new productivity and improve the level of intelligencein facility agriculture through AI + agriculture.
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IDG Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Photography startups

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

Investor stats

  • Total investments: 725
  • Round size: Series A $3M–$112M; Series B $7.4M–$142M; Series C $15M–$200M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • RootCloud — ROOTCLOUD is an IIoT platform provider, which has created IIoT platforms that have satisfied the needs of customers worldwide.
  • Yuanfudao — Founded in 2012, Yuanfudao is the largest online live courseplatform servicing primary and secondary school students in China. With a paying userbase of over 1 million, Yuanfudao offers a comprehensive curriculum spanning fromprimary school English, Mathematical Olympiad to all-subject courses in secondaryschool. Its unique online feature and largepool of quality teachers enable students toaccess live online tutoring at home taught by national renowned teachers, benefitinghundreds of thousands of students across the country.
  • Bodor Laser — Bodor Laser is a manufacturing company engaged in the R&D, production, and marketing of laser cutting machines. The company's laser products are high powered and range from 25000W, 30000W, 40000W, and 22000W laser cutting machines. The company is also the highest ranked in 10kW+ laser cutting machine sales volume.
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Shanda Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Photography startups

Shanda Capital is the private equity and venture capital arm of Shanda Interactive Entertainment Ltd. specializing in start ups, early and mid-stage investments. The firm does not invest in online game developers and operators. It seeks to invest in the mobile internet, TMT (technology, media, and telecommunication), and culture sector. and alsofocuses on new media as well as applications based on the Android operating system of Google Inc. Shanda Capital was founded on February 17, 2011 and is based in China

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Investment focus

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

Investor stats

  • Total investments: 44
  • Round size: Angel $283k–$14M; Series A $1.4M–$14M; Series B $1.4M–$145M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Eahison — Eahison antenna manufacturer supplies wifi antenna, small cell antenna and base station antenna, which with professional customized antenna solutions.
  • PaXini Tech — All Scenario Application—Haptic Digitization and Tactile Technology
  • Gosion Robot — Guoxun Robot is a developer of industrial safety inspection robots.
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Ameba Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Photography startups

Ameba Capital is a Chinese venture capital firm that provides early and growth stage investments. Ameba Capital makes investments in the telecommunications, media, and technology industries, focusing on SaaS, AI, Digital Transformation and other disruptive technologies.

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Investment focus

  • Industry: Software, E-Commerce, Information Services
  • Stage:Angel, Series A, Seed
  • Geography: China, United States, India

Investor stats

  • Total investments: 76
  • Round size: Seed $1M–$4M; Angel $425k–$1.4M; Series A $1.4M–$20M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • JKStack — Jingkun Technology is the first manufacturer to advocate Workflow in China. It builds "Enterprise IT ERP System" with automated data governance and workflow as the core, uses automation, low-code, faster and more flexible to open up application information islands, and redefines digital orchestration through Workflow. services, endow IToperations with automation capabilities, and deeply integrate with business. Jingkun benchmarks against the global Workflow leader.
  • MOGU — MOGU is an consumer platform aimed towards women, achieved through e-commerce, social media, influencers and content driven services. Their content covers all areas of the fashion world and they have a huge range of age groups and interest covered through their numerous apps and platform.MOGU Inc. is a destination of fashion. With various kindsof fashion content and abundant fashion products, MOGU Inc. allows people to discover and share fashion trends while fully enjoying high-quality shopping experience. In 2011, MOGU Inc. launched fashion platform under the Mogujie brand . In 2016, the merger of Mogujie and Meilishuo was completed.Currently, MOGU Inc.'s online platform includes Mogujie.com and Meilishuo.com websites, mogujie mobile app, Meilishuo mobile app, Uni mobile app and several WeChat Mini programs.
  • Coutloot — We're a pack of young entrepreneurs creating the next wave of social commerce in India, CoutLoot is a leading mobile first C2C(Consumer-to-Consumer) tech platform! From offline shops, small vendors, individual sellers, newbies to celebs to your neighbours, everyone's selling online for the first time in their lives in under 30 seconds onthe CoutLoot app, while buyers from all over India can own their products by bargaining All of it, from the comfort of your couch! List. Earn. Chat. Loot.
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Haitong Capital
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in China Photography startups

Haitong Capital is a private investment firm focuses on growing small and medium-sized companies. It is a wholly-owned subsidiary of Haitong Securities and an investment management platform for private equity investment business. Haitong Capital focuses on and tracks growing small and medium-sized companies with good integrity records, maturebusiness models and unique core competencies.

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Investment focus

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

Investor stats

  • Total investments: 62
  • Round size: Angel $425k–$425k; Series A $1.4M–$2.8M; Series B $2.8M–$160M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Sunrise — Sunrise is a high-performance GPU developer specializing in GPU research and development.
  • Healsun Biopharm — Healsun Biopharm is a pharmaceutical company development processes such as molecular construction, stable cell line screening, cell culture process development, protein purification and process development, antibody-coupled drug process development and bioanalytical method development.
  • Tejin Intelligence — Tejin Intelligence is deeply involved in radio sensing and spectrum big data analysis technology, and is dedicated to providing the world's leading low-altitude safety management and control solutions, assisting in the development of new ground-air integrated three-dimensional security infrastructure for smart cities, and striving for refinedmanagement of urban low-altitude airspace.
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GGV Capital
VC Fund · Menlo Park, California, United States · 1 investments in China Photography startups

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

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Investment focus

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

Investor stats

  • Total investments: 658
  • Round size: Series A $5M–$50M; Series B $14M–$60M; Series C $15M–$150M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $366M in 2021

Portfolio highlights

  • Hutouju — Hutouju is a Chinese dessert retailer that operates both retail locations and online stores. It offer customers tasty products with a Chinese style.
  • Inngest — Inngest's durable functions replace queues, state management, and scheduling to enable any developer to write reliable, multi-step code faster without touching infrastructure.
  • Handshake — The largest expert network for learning, earning, and growing careers in the AI economy, giving everyone an accessible first step into an AI-powered career.
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Ceyuan Ventures
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in China Photography startups

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

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Investment focus

  • Industry: Software, Internet, Mobile
  • Stage:Series A, Series B, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 104
  • Round size: Angel $425k–$3M; Series A $1M–$22M; Series B $2.8M–$30M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $282M in 2012

Portfolio highlights

  • OKX — OKX is the second largest global crypto exchange by trading volume and a leading Web3 ecosystem. With monthly Proof of Reserve releases, OKX is trusted by over 50 million global users. OKX is the fastest and most reliable crypto trading app for professional traders everywhere. - Buy, sell, and trade 350+ tokens with 100+ local currencies -Duplicate moves from top traders in the industry in just one click - Explore Web3 and take control of your crypto, NFTs, and digital assets with the OKX WalletWith its extensive range of crypto products and services, and unwavering commitment to innovation, OKX’s vision is a world where financial access is backed by blockchain and the power of decentralized finance.
  • Ruidiwei — Ruidiwei is a tech enterprise that specializes in the design, development, production, sales, and service of antennas and components in microwave and millimeter-wave frequency bands.
  • Siyue Intelligence — Siyue Intelligence produces software and hardware for TFT-LCD semiconductor automation. It integrates R&D, design, production, and service, and is committed to providing fully automated warehousing robot systems, and intelligent detection.
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Access 48,091 investors

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

Browse database — It's Free!
Ventech China
VC Fund · Shanghai, Shanghai, China · 1 investments in China Photography startups

Ventech Capital was founded in 1998 in France. Ventech is one of the most famous VC funds in Europe and manages four funds. In China, Ventech China manages three funds. Globally, this represents more than USD 1B total asset under management. Ventech China is based in Shanghai. Ventech China 3 is a USD 220 million venture capital fund focused oncommunities, M-commerce, Big Data and Fintech. Its current portfolio companies include Keep, the No.1 fitness training and community app in China, WonderFull, the emerging Japanese product M-commerce platform, Juzi, the leading entertainment news platform, Datawin, the leading big data company in sales leads generation, and Blued, the No.1 gay community app in China. Ventech China is dedicated to growing together with innovative startups and help them to become global leaders in their fields.

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Investment focus

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

Investor stats

  • Total investments: 60
  • Round size: Seed $2M–$50M; Series A $3M–$103M; Series B $7.1M–$37M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — raised $150M in 2011

Portfolio highlights

  • ACGBOX — ACGBOX is an anime snack food supplier, specialized in producing anime snack foods.
  • Huafa Geometry — Huafa Geometry is a pet smart ecosystem brand that specializes in providing fish tanks and aquarium with smart technology. It is a brand of Beijing Yuanyibai Technology Co., Ltd.
  • Huamei Haolian — Huamei Haolian specializes in providing telemedicine and medical tourism services.
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TransCosmos
VC Fund · Mountain View, California, United States · 1 investments in China Photography startups

transcosmos is a Japanese-founded global CX and BPO company established in 1966. With over 60 years of experience, we provide end-to-end CX and BPO services across 36 countries. Optimize your business operations and accelerate growth in the Asian market and beyond with our expert local knowledge and AI technology.

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Investment focus

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

Investor stats

  • Total investments: 67
  • Round size: Series A $1.1M–$20M; Series B $6M–$30M; Series C $3M–$60M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Erasco — Erasco is Indonesia’s largest B2B trucking platform. Kargo’s product suites can seamlessly integrate with any business and empower supply chains to work with more transparency & efficiency. Kargo’s workflow tools allow freight to be priced, tracked and billed with technology. Kargo’s platform has highly managed and vetted transporters alongwith reputation systems to instill trust. The platform has managed to grow to tens of thousands of truckers and attracted notable clients such as some of the world's largest MNCs, the largest eCommerce platforms, and thousands of SME businesses
  • Anchanto — Anchanto is a global B2B SaaS company enabling warehouse management, omni-channel retail management; offers inventory management system, order management system and product information management
  • Reply.ai — Scale your customer service and deliver great customer experiences using AI chatbots and intelligent self-service that goes beyond static long FAQ answers. Improve self-service on chat, email and messaging.
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Lenovo
VC Fund · Beijing, Beijing, China · 1 investments in China Photography startups

Lenovo is one of the world's leading personal technology companies, producing innovative PCs and mobile internet devices. A global Fortune 500 company, Lenovo is the world's largest PC vendor and fourth largest smartphone company.While the Lenovo brand came into existence only in 2004, the company has a much longer history. In 1984,Legend Holdings was formed with 200,000 RMB (US$25,000) in a guard house in China. The company was incorporated in Hong Kong in 1988 and would grow to be the largest PC company in China. Legend Holdings changed its name to Lenovo in 2004 and, in 2005, acquired the former Personal Computer Division of IBM, the company that invented the PC industry in 1981.Today, Lenovo is a US$39billion personal technology company with more than 54,000 employees (including joint ventures) in more than 60 countries serving customers in more than 160 countries. Lenovo is a global company that is incorporated and headquartered in Hong Kong, with operational centers located strategically around the world , with the largest in Beijing and Morrisville, NC. These operational centers drive Lenovo’s global and local business approach.Lenovo has grown faster than the market for more than four years because our exceptionally engineered products are meant for those who do. Our customers use innovation to bring progress to the world, and we design and build our products with this in mind, taking inspiration from the drive and imagination of the people who make things happen. Our technology helps those who do, do better.Whether a PC, smartphone, tablet, smart TV, server, workstation or storage, Lenovo makes the products that customers need for what we call the "PC+ world." Lenovo is creating real differentiation from the competition thanks to its vertically integrated end-to-end business model. This model is unique among major PC makers and is a significant source of competitive advantage, helping us to bring more innovation to market, more efficiently, and aggressively attack the PC+ opportunity.And as Lenovo expands globally, we are establishing even deeper roots in each major market, investing not only in sales and distribution, but also in local domestic manufacturing, R&D and other high-value functions. This global reach with local excellence is enabling us to build a new kind of company - a "global-local" company - and positions us to more deeply implement our protect and attack strategy and build the foundation for long-term success.

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Investment focus

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

Investor stats

  • Total investments: 38
  • Round size: Seed $425k–$43M; Series A $7.7M–$113M; Series B $3M–$316M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — raised $500M in 2016

Portfolio highlights

  • Nscale — Nscale is an AI GPU cloud platform that provides scale computing to the generative AI market. It develops AI-ready data centers, deploys GPU infrastructure, and delivers AI cloud services. Its AI private cloud platform supports the entire generative AI lifecycle, enabling developers to run and train AI models. It also provides bare metal andvirtualized GPU nodes, Kubernetes-native services (NKS), AI workload scheduling empowered by SLURM, and advanced serverless and dedicated inferencing options.
  • SpacemiT — SpacemiT is a computing chip company developing natively integrated cloud-edge-device architecture. It focuses on building RISC-V high-performance CPUs and providing computing solutions with integrated hardware and software optimization. The company's mission is to be the cornerstone of computing power in the digital age, driven to become asignificant global computing powerhouse.
  • Guangfan Technology — Guangfan Technology is a technology innovation company focusing on next-generation human-computer interaction, dedicated to the innovation of interaction paradigms for multimodal direct intent expression.
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JAFCO Asia
VC Fund · Singapore, Central Region, Singapore · 1 investments in China Photography startups

Since its establishment in 1990, JAFCO Asia has grown to become a leading brand in the venture capital industry in the Asia Pacific region. Currently, JAFCO Asia has offices in Singapore, Hong Kong, Taipei, Seoul and Beijing.With more than US$1.2 billion funds under management in aggregate, JAFCO Asia's experienced investment team hasinvested in over 368 companies in 13 countries (Hong Kong, China, Taiwan, South Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines, Australia, India, Israel and Vietnam) and divested more than 260 companies of which at least 86 have been publicly listed.Since the new millennium, JAFCO Asia has shifted its focus entirely to technology related investments and is now one of the pre-eminent venture capital technology investors in the region. They believe that their existing portfolio in the Asia Pacific region and the worldwide business network offer their portfolio companies significant potential for synergistic partnerships.

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Investment focus

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

Investor stats

  • Total investments: 152
  • Round size: Series A $2.5M–$21M; Series B $2.9M–$40M; Series C $8M–$70M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • LetzRyd — LetzRyd is a fleet management and vehicle leasing company.
  • Only Sanbio — Only Sanbio is a synthetic biotechnology company integrating R&D, production, and sales. Itsmed vision is to focus on the field of great health and great beauty, based on synthetic biology technology
  • PrimaNova Lab — The time to resolve critical, significant unmet medical needs in neurosurgery is now. PrimaNova sets sight on resolving unmet medical needs by tackling life-threatening neuro conditions. As an innovator, leveraging decades of experiences in overcoming clinical challenges, harnessing capital, and succeeding to deliver clinical solutions thatfundamentally change treatment paradigms. Collaborating closely with leading neurosurgeons, we are dedicated to offering products that save lives and redefine the standard of care.
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ByteDance
VC Fund · Shanghai, Shanghai, China · 1 investments in China Photography startups

ByteDance creates and operates various content platforms, including TikTok and Douyin, enabling users to connect, create, and consume content. The company focuses on enriching lives through innovative technology and has expanded its offerings to include tools for content creation and collaboration.

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Investment focus

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

Investor stats

  • Total investments: 72
  • Round size: Series A $1.6M–$143M; Series B $2.8M–$57M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • Dailyhunt — Dailyhunt offers personalized news in 14 Indian languages. Stay updated with the latest in news, cricket, football, viral content, entertainment, technology, travel, politics, business, lifestyle, and more. Available on Android, iOS, and the web.
  • Minerva Project — Nurturing Critical Wisdom for the Sake of the World
  • Yitu Technology — Yitu Technology offers industry-leading smart car middleware platforms, SOA communication frameworks for vehicles, and related development services.
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Vision Knight Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Photography startups

Vision Knight Capital Fund I,L.P. (hereinafter referred to as“VKC”) is a private equity fund focusing mainland China’s retail/consumer, internet and e-commerce sectors.At VKC, we have successfully integrated operation experts and investment experts to form a unique team. Our team consists of China’s top corporate senior managements andinvestment professionals with years of operation and investment experience. They have specialized industrial expertise and outstanding operation performance in China’s internet, e-commerce and retail sectors. In addition to the capital investment to the portfolio company, VKC’s unique operation and investment team also provide real value added services such as operation enhancement and business model transformation/upgrade, with the vision to enhance the portfolio company’s core value and in return be recognized in the capital market.

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Investment focus

  • Industry: Manufacturing, Artificial Intelligence, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: China, Malaysia, Thailand

Investor stats

  • Total investments: 63
  • Round size: Seed $2.8M–$10M; Series A $11M–$71M; Series B $3M–$80M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Aikai Electrical Appliances — Aikai Electrical Appliances is a vehicle refrigerator supplier. Focus on mobile refrigeration equipment, accessories, and refrigeration systems research & development, and provide full mobile refrigeration solutions for a variety of circumstances.
  • Zhile Technology — Zhile Technology is primarily involved in the design, development, and marketing of intelligent fitness goods and content. Zhile Technology has developed an eco-chain of intelligent sports and fitness devices that integrates "hardware + software + content," guided by product categories. Its primary offerings include exercise bikes,walking and running machines, and more.
  • Shouxing Technology — AheadForm is pioneering the development of realistic humanoid robots designed to revolutionize human-robot interaction. Our current focus is on creating sophisticated humanoid robot heads that can express emotions, perceive their environment, and interact seamlessly with humans. By combining cutting-edge AI and advanced robotics, we aim to bring life to machines and transform the way humans engage with technology.
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Zhejiang Provincial Financial Holdings
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Photography startups, 6 in the past 12 months

Zhejiang Provincial Financial Holdings isa financial investment management platform of the Zhejiang Provincial Government. Since the establishment of the company, in accordance with the strategic plan of the provincial party committee and the provincial government to build a "financial strong province", efforts have been made to createthree platforms: financial equity management, government industry funds, and financial innovation services.

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Investment focus

  • Industry: Software, Manufacturing, Semiconductor
  • Stage:Series A, Angel, Series C
  • Geography: China

Investor stats

  • Total investments: 22
  • Round size: Angel $425k–$425k; Series A $1.4M–$31M; Series C $4.3M–$14M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Tashan — Tashan is a developer of intelligent haptic chip technology.
  • Linkerbot — Lingxin Qiaoshou focuses on the research and development and production of embodied intelligent platforms with "dexterous hands + cloud-based intelligent brain" as the core.
  • Wuhan Glenro Intelligent Technology — Glenro provides precision motion control, power grid intelligent sensing, and laser micro-nano manufacturing.
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Sapphire Lake Investment
VC Fund · Beijing, Beijing, China · 1 investments in China Photography startups

Sapphire Lake Investment is committed to providing investors with long-term stable performance returns. It aims to provide high-net-worth customers with suggestions for large-scale asset allocation and achieve long-term and stable investment returns for customers by building a full range of asset management products and practice the concept ofvalue investment with customers.

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Investment focus

  • Industry: Gaming, Medical, Big Data
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 5
  • Round size: Series A $2.1M–$14M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • HYPERS — Enable sustainable growth through massive personalized & life-long consumer operation. Trusted by 200+ global brands.
  • Netjoy+ — Netjoy is a provider of short video marketing solutions. It offers integrated services that span the entire value chain, such as data analysis for a wide range of clients, programmatic cross-channel target marketing, short video content development, and real-time performance tracking. Short video marketing, short video trading, video production,event marketing, and other performance content businesses are all part of their business. With the revenue coming from the online marketing solutions company, their sectors are SaaS services, other businesses, and online marketing solutions business.
  • Microfun — Microfun develops and produces family-friendly casual games.
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Capital Nuts Investment Management Ltd
VC Fund · Xiamen, Fujian, China · 1 investments in China Photography startups

Capital Nuts is a China-based, early stage fund, specializing in consumer-focused, online technology investments.Specialist areas include mobile internet, digital entertainment content, and e-commerce/e-business, with available funding ranging from $100,000-$5,000,000 per investment.Capital Nuts also offers market entry services tostartups approaching China, as well as an incubator to help startups develop within the market.The fund's partners have been active in China's online industry since the late 1990's, and provide its startup investments with funding, insight, and business development channels to the opportunities within the dynamic China market.

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Investment focus

  • Industry: E-Commerce, Service Industry, Big Data
  • Stage:Series A, Angel, Series B
  • Geography: China, United States

Investor stats

  • Total investments: 32
  • Round size: Angel $425k–$3M; Series A $1.2M–$3.5M; Series B $2.8M–$2.9M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Ulanzi — Ulanzi offers a wide stock of the Best Camera Accessories ranging from Camera Tripod, Mini Flexible Tripod Stand with Hidden Phone Holder w Cold Shoe Mount & more at best prices.
  • Dashi City Optics — Dashi City Optics provides a one-stop solution for the contact lens supply chain.
  • BasePoint Origin — BasePoint Origin is a high-tech company focused on developing an AI operating system that automatically characterizes enterprise business processes. This system replaces traditional manual methods—such as expert visits, data collection, and modeling—with AI, greatly enhancing the efficiency and accuracy of optimizing business processes.
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NetEase Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Photography startups

NetEase Capital is the venture arm of NetEase and looks at early-stage VC investments in the technology sector around the world. The group, with a mandate to invest $500 million USD globally, has led venture investments throughout Asia and North America.NetEase is a leading Chinese Internet company listed on the Nasdaq with a marketcapitalization of over $10 billion, and a cash balance over $3 billion. The company has products including a top email service with over 700 million registered users, a top information and entertainment portal, mobile apps with hundreds of millions of downloads, and a top game platform in China.

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Investment focus

  • Industry: Video Games, Gaming, PC Games
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, Finland

Investor stats

  • Total investments: 17
  • Round size: Seed $2.5M–$2.5M; Series A $4.5M–$43M; Series B $82M–$200M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Seehi — Seehi provides 3D vision technology and solutions for customers in financial payment, consumer electronics, new retail, and other fields.
  • HAEGIN — HAEGIN is a game development company.
  • PixelPunk — PixelPunk is an anti-social face-blocking selfie app.
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Qianhai Hengji Jiahui
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Photography startups

Qianhai Hengji Jiahui is an investment firm.

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Investment focus

  • Industry: Software, Photography, Photo Editing
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Quanjing — Quanjing is a visual content provider that allows users to buy and edit stock photos.
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Evershine Capital
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Photography startups

Evershine Capital is a private Investment Firm.

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Investment focus

  • Industry: B2B, ISP, Wireless
  • Stage:Series A, Series B
  • Geography: China

Investor stats

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

Portfolio highlights

  • exands — Exands is a business-to-business wireless service provider that aims to enable interactions and engagements between brands and their consumers. It spearheaded a series of innovative moves in China's fast-growing information technology market. It is committed to providing both chain enterprises and consumers with simple, reliable and securedintranet and internet service by leveraging wireless technology.
  • Naive Blue — Naive Blue is a photography service provider company.
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Zhongtou Guoyin
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Photography startups

Zhongtou Guoyin is an investment firm.

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Investment focus

  • Industry: Software, Photography, Photo Editing
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Quanjing — Quanjing is a visual content provider that allows users to buy and edit stock photos.
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Dark Horse Ventures
VC Fund · Haidian, Beijing, China · 1 investments in China Photography startups

Dark Horse Venture is a venture capital firm that invests at early-stage startups in industrial internet and technology.

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Investment focus

  • Industry: Software, Information Technology, Education
  • Stage:Angel, Series A, Seed
  • Geography: China, Mexico

Investor stats

  • Total investments: 37
  • Round size: Seed $287k–$1.5M; Angel $425k–$1.4M; Series A $425k–$11M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Tuyun Space — Tuyun Space focuses on developing a common twin platform. For the universal twin platform, Tuyun Space builds technical barriers through four basic capabilities: 1. Spatial modeling; 2. Data coupling; 3. Rendering and visualization; 4. Simulation analysis.
  • Thoth Medical — Thoth Medical develops medical wearables integrating biomedical sensor technology.
  • Maicong Software — Discover the top SQL editor and one service data platform to enhance database management and query efficiency. It supports poplular SQL databases like mysql, mariadb, postgresql, sql server, sqlite, hadoop and more.
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Xiangan Longye
VC Fund · Tongzhou, Beijing, China · 1 investments in China Photography startups

Xiangan Longye is an investment management firm.

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Investment focus

  • Industry: Children, Consumer, Photography
  • Stage:Angel
  • Geography: China

Investor stats

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

Portfolio highlights

  • Kidsmile — Kidsmile operates as a children's photography chain company.
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Ferry Venture Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Photography startups

Ferry Venture Capital is an early-stage venture capital firm focused on building companies in the new technology industry. The firm invests in early-stage companies in three broad areas, mainly in Information Technology & Artificial Intelligence (IT & AI), Enterprise Services & Technology, and Consumer & Entertainment.FerryVenture Capital was founded in 2010 and is based in Shanghai, China.

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Investment focus

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

Investor stats

  • Total investments: 61
  • Round size: Seed $425k–$425k; Angel $68k–$1.3M; Series A $1.4M–$4.7M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Jishi yu — Jishi yu focuses on offering a multi-platform/multi-channel centralized and unified intelligent customer care SaaS platform for cross-border e-commerce sellers, with the goal of meeting the needs of foreign enterprise channel acquisition, customer operation, and brand management.
  • Zhihui Robot — Zhihui Robot is a research and development company that makes intelligent spraying robots. Zhihui Robot is a cutting-edge technological business specializing in the research, manufacture, sale, and use of special intelligent spraying robots.
  • Daochong Technology — Daochong Technology is a tech firm that does R&D, production and sales of high-power smart wireless charging systems.
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Yi Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Photography startups

Founded in 2014, YI Capital is a venture capital fund company focusing on TMT innovation. Moreover, it is also dedicated to the innovation in the field of industrial Internet and the investment opportunities in industrial upgrading, with the special attention paid to the innovative application and industrial upgrading of the Internet and ITtechnology in the fields including the living, finance, automotive, logistics, innovative e-commerce, living service, etc. YI Capital has invested in a number of outstanding enterprises in the industrial Internet upgrading fields such as Jiayoubao, 9Beike, Lianjia, Get, Mljr, Xiaoma and so on.

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Investment focus

  • Industry: Financial Services, Security, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: China, Israel

Investor stats

  • Total investments: 29
  • Round size: Series A $3.5M–$14M; Series B $2.8M–$99M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $116M in 2017

Portfolio highlights

  • HUAUN — HUAUN is a security vendor that focuses on vulnerability management and AI offense and defense.
  • Zone — Zone customizes development plan for small and medium manufacturing enterprises.
  • Singularity Energy Technology — Singularity Energy is committed to core technology research and product development in advanced energy storage systems, and contributes industry-leading solutions to promote large-scale clean energy integration and achieve global carbon neutrality goals.
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Yichen Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Photography startups

Yichen Capital is a venture capital firm.

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Investment focus

  • Industry: Automotive, Manufacturing, Industrial Automation
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • Aheadx — Aheadx is the Beijing-based company.
  • GZTech — GZTech is a technology company that specializes in the development, production, and sale of advanced industrial lasers and light sources for precision.
  • Futon Holdings — Futon Holdings is a national high-tech enterprise focuses on the research and development of separation and purification, synthesis of chiral drug molecules, trace detection and analysis.
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ShenZhen (SZSE)
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Photography startups

ShenZhen is an online platform that enables individuals to monitor the Shenzhen stock exchange.

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Investment focus

  • Industry: Drones, Robotics, Photography
  • Stage:Seed
  • Geography: China

Investor stats

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

Portfolio highlights

  • Aheadx — Aheadx is the Beijing-based company.
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Walden International
VC Fund · San Francisco, California, United States · 1 investments in China Photography startups

Walden International is unique among US venture firms through its focus on cross-border investments that leverage global markets and talent to grow industry-leading companies. For more than 30 years, their integrated team has brought extensive added value to help companies through capital, relationships and expertise.They look to partner with thebest of the best – entrepreneurs with a strong appreciation for the benefits of leveraging talent and markets independent of geography to gain unfair advantage.Their team brings both extensive venture expertise together with in-depth operating experience to help you grow your company.They invest in early and expansion stage companies across sectors such as Semiconductors, Clean Tech, Internet & Digital Media and Software.

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Investment focus

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

Investor stats

  • Total investments: 202
  • Round size: Series A $1.4M–$100M; Series B $4M–$50M; Series C $10M–$142M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $123M in 2019

Portfolio highlights

  • Synacor — Best cloud software, business email, collaboration, productivity, IDM, CIAM, TV Everywhere, OTT, portals, digital advertising. Cloud ID | Zimbra | Zimbra Cloud
  • Lucidworks — Capture insights from every action and apply them to the next, delighting customers and empowering employees.
  • Gigabit Optics — Gigabit Optics Corporation is developing the technologies needed to power next generation optical communications products. Combining technical innovations with the growing demands of the optical networking industry, Gigabit Optics has developed a strategic set of products designed to shape the future of optical communications. Gigabit Opticswas founded in June 2000 in the heart of Silicon Valley. Backed by patented optical technologies and venture capital partners, They are poised to become a major provider of high-bandwidth access solutions. Gigabit Optics is growing rapidly and currently accepting resumes. If you are interested in becoming a key member of an innovative optical communications startup, please visit Their careers page.
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Zhongtai Securities
VC Fund · Jinan, Shandong, China · 1 investments in China Photography startups

Zhongtai Securities Co., Ltd. mainly provides financial services such as high net worth asset allocation, investment liquidation, and other investment services across 28 provinces in China. The company also provides credit services to individual and corporate investors.

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Investment focus

  • Industry: Manufacturing, Information Technology, Software
  • Stage:Post-IPO Equity, Series A, Angel
  • Geography: China

Investor stats

  • Total investments: 30
  • Round size: Angel $425k–$454k; Series A $1.4M–$142M; Post-IPO Equity $2.5M–$14M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Singsun — Singsun is a service provider focusing on providing advanced smart photovoltaic tracking support system solutions and intelligent manufacturing.
  • Elink — Elink is an intelligent building integration and data service provider.
  • WalkingPad — Founder of Walking Pad. The world's only Treadmill with body-fold Technology. Foldable, Compact, Under desk Walkingpad provides a perfect exercise experience at home&Office. Shop your first Walkingpad with best price here!
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Qingsong Fund
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Photography startups

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

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Investment focus

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

Investor stats

  • Total investments: 132
  • Round size: Seed $1.4M–$28M; Angel $142k–$1.6M; Series A $1.4M–$17M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $138M in 2021

Portfolio highlights

  • Apex Laser — Apex Laser is a company that focused on the research and development of semiconductor laser equipment that offers laser processing solutions for materials that are ultra-thin, ultra-hard, brittle, flexible, or composite.
  • Itanium Innovation — Itanium Innovation is a technology company providing integrated integration solutions for distributed edge computing microdata centers.
  • Xinghong Technology — Xinghong Technology focuses on the research, development, and manufacturing of CNC machine tools and core components, with its business spanning mechanical and electrical equipment, precision manufacturing solutions, industrial automation systems, and advanced machinery services for a wide range of industries.
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Tianxing Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Photography startups

Tianxing Capital is a capital management company.

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Investment focus

  • Industry: Software, Education, Medical
  • Stage:Post-IPO Equity, Series B, Series C
  • Geography: China

Investor stats

  • Total investments: 24
  • Round size: Series B $449k–$96M; Series C $4.3M–$28M; Post-IPO Equity $4.3M–$67M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • ShopEx — ShopEx is an e-commerce software and service provider in China. It focuses on the research and development of e-commerce software and provision of related solutions and services. ShopEx has become the largest and most experienced professional team and develops e-commerce software with independent core technology and intellectual property rights andservices.
  • Senyint — Senyint is a medical cloud application solution provider.
  • Chaoqun Testing Technology — Chaoqun Testing Technology is an X-ray equipment manufacturer that focuses on the design and manufacturing of industrial and medical X-ray tubes, sources, and systems.
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VStar Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Photography startups

VStar Capital is an investment firm based in China.

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Investment focus

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

Investor stats

  • Total investments: 43
  • Round size: Series A $1.3M–$120M; Series B $2.8M–$71M; Series C $20M–$61M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Nowwa Coffee — Nowwa Coffee is a coffee chain brand that provides freshly ground coffee and tea, peripherals, roasting, and other products.
  • GigaAI — Excellent Vision is a spatial intelligence company focused to transforming video creation into a 4D world model, enabling AI big models to grasp, generate, and reason about 4D space.
  • 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.
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Leaguer Group
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Photography startups, 6 in the past 12 months

Leaguer Group engages in the business of technological innovation services that promote the transformation of scientific and technological achievements and assist in the incubation of innovative enterprises.Since its establishment, it has gradually gathered the four elements of technology, talents, carriers and capital of the science andtechnology innovation industry chain, and has formed a scientific and technological innovation incubation system with high integration of research and development platform, talent training, innovation base and investment incubation, and explored the close relationship between technological innovation and economic development. Combined development model and profit model.In 2015, together with the research institute of Shenzhen Tsinghua University, the Group won the “Guangdong Science and Technology Award Special Award” for the highest award in the field of science and technology system innovation in Guangdong Province due to the “Innovative Technology Innovation Incubation System Construction”.

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Investment focus

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

Investor stats

  • Total investments: 41
  • Round size: Angel $411k–$921k; Series A $1.4M–$15M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Kelidian — Kelidian develops a manned transport service robot for hospitals and rehabilitation centers based on Robot+AI technology, designed to assist with the safe and efficient movement of patients and medical staff while improving operational efficiency, reducing manual workload, and enhancing the overall quality of healthcare services.
  • Tengyun Medical — Tengyun Medical is a high-tech enterprise dedicated to the research, development, and production of innovative medical devices, committed to advancing healthcare technology by delivering cutting-edge solutions that improve patient outcomes, enhance clinical efficiency, and support the evolving needs of modern medical professionals worldwide.
  • Zhongxin Medical — Zhongxin Medical is a medical device and technology developer specializing in minimally invasive interventional solutions and intelligent diagnostic technologies.
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Rongsheng Chuangfu
VC Fund · Beijing, Beijing, China · 1 investments in China Photography startups

Rongsheng Chuangfu is an investment firm.

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Investment focus

  • Industry: Coffee, Medical, Software
  • Stage:Angel, Series A, Post-IPO Equity
  • Geography: China

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Quanjing — Quanjing is a visual content provider that allows users to buy and edit stock photos.
  • WING CAFE — Wing Cafe is a coffee restaurant chain brand in China.
  • YUNNAN QIDAN PHARMACEUTICAL Co., Ltd. — YUNNAN QIDAN PHARMACEUTICAL Co., Ltd. manufactures Chinese herbal medicine, health food, and daily chemical products.
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Allin Capital
VC Fund · Hongkou, Shanghai, China · 1 investments in China Photography startups

Allin Capital is an investment Firm.

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Investment focus

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

Investor stats

  • Total investments: 14
  • Round size: Series A $1.4M–$28M; Series B $2.8M–$26M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • YHMICROS — YHMICROS manufactures and develops electronic power microchips. It is based in Shanghai, China.
  • YMC Semiconductor — YUMEI Semiconductor is a semiconductor equipment company that specializes in semiconductor services. Its primary activities include research and development, production, and sales of specific equipment for semiconductor devices.
  • Common Mode Semiconductor — Common Mode Semiconductor focuses on research and development and sales of high-performance analog circuits.
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Yanjiyou
VC Fund · Chengdu, Sichuan, China · 1 investments in China Photography startups

Yanjiyou is a Chinese innovative bookstore operator, which combines bookstore with art gallery and cafe. It provides cultural lifestyle products for young people such as books, stationery, home accessories and drinks.

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Investment focus

  • Industry: Art, Fashion, Photography
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Hui Art Space — Hui Art Space is a Beijing-based art gallery operator delicated to exhibiting accomplished Chinese and foreign artists and curator. It also provides a platform for showcasing and promotion of various events in fashion, art collection, photography and mixed media.
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Farallon Capital Management
VC Fund · San Francisco, California, United States · 1 investments in China Photography startups

We pursue multiple investment strategies on an opportunistic basis.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Post-IPO Equity, Series C, Series D
  • Geography: United States, China, India

Investor stats

  • Total investments: 113
  • Round size: Series C $25M–$165M; Series D $44M–$300M; Post-IPO Equity $70M–$325M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $1.1B in 2016

Portfolio highlights

  • Canfor — Canfor is one of the world’s largest producers of sustainable lumber, pulp and paper. They have built their reputation on the quality of their products, the reliability of their supply and their superior customer service. Find out more about why customers around the world prefer Canfor. Brothers-in-law John Prentice and L.L.G. “Poldi” Bentleyimmigrated to Canada with their families from their native Austria as war loomed over Europe. In 1938, they opened a modest veneer plant on the banks of the Fraser River in Vancouver, which employed 28 people making products for marine and aviation applications, including lead edges for the wings of the famous World War II Mosquito Bomber. From these modest beginnings grew one of the largest and most respected forest products manufacturers in the world. Today Canfor employs more than 5,000 people, making products that are sold literally around the globe. In every corner of the world, you will find Canfor products made by the many dedicated men and women in this organization. True to our roots, Canfor continues to grow with an entrepreneurial and pioneering spirit. Today, Canfor is leading groundbreaking market development initiatives in burgeoning economies around the world. We’re transforming our business with a focus on global markets and the needs of world’s population for sustainable, renewable resources. At the same time, they are maintaining our focus on quality and customer satisfaction that we’ve built our company and our reputation on.
  • Gossamer Bio — Gossamer Bio is a San Diego-based company focused on the discovery and development of novel and differentiated therapeutic products, to address high unmet needs amongst various targeted patient populations. Founded by the former Receptos executive team, Gossamer Bio’s strategy will be to leverage an asset-rich in-licensing environment, with a focuson areas of high unmet need, utilizing a team with a strong track record of execution in immunology, inflammation, fibrosis and oncology.
  • Parabilis Medicines — Parabilis Medicines is a biopharmaceutical company in the clinical stage that focuses on developing exceptional medications targeting challenging protein structures previously deemed undruggable. Utilizing more than ten years of exclusive data, innovative laboratory techniques, and algorithms based on AI and physics, the company has introduced anovel category of stabilized, cell-penetrating alpha-helical peptides known as Helicons™. These peptides can modulate intracellular proteins that traditional drug modalities cannot reach.
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Kaiyuan Securities
VC Fund · Xian Shi, Shaanxi, China · 1 investments in China Photography startups

Kaiyuan Securities is an investment firm.

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Investment focus

  • Industry: Manufacturing, Software, Industrial
  • Stage:Post-IPO Equity, Series B, Series A
  • Geography: China

Investor stats

  • Total investments: 15
  • Round size: Series B $6.8M–$14M; Post-IPO Equity $109k–$17M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • MetaSilicon — MetaSilicon’s focus on edge computing could make a significant impact in various industries by enabling faster data processing closer to where it’s generated.
  • Rongxin Datalink — Rongxin Datalink is a big data solutions platform that provides mobile internet big data analysis, visualization, and computing services.
  • Shandong Hengsheng Graphite Technology — Shandong Hengsheng Graphite Technology is a graphite manufacturer that combines sales, application development, and deep processing of products.
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Stone Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Photography startups

Stone Capital is a venture capital firm that specializes in growth capital investments.

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Investment focus

  • Industry: Software, Automotive, Electronics
  • Stage:Series A, Angel, Seed
  • Geography: China, Israel, United States

Investor stats

  • Total investments: 25
  • Round size: Seed $1.4M–$12M; Angel $283k–$425k; Series A $425k–$13M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2019

Portfolio highlights

  • JMGO — JMGO specializes in R&D and the production of smart projectors and laser TVs. Committed to delivering unparalleled immersive large screen experience in diverse forms of portability, versatility, and functional beauty to everyone.
  • Octup — Elevate your e-commerce business with our comprehensive E-commerce Operations Platform. Streamline processes, boost efficiency, and drive sales growth!
  • Lvzhou Technology — Lvzhou Technology is an AIOS control center platform based on AI and IoT to achieve intelligent management in the energy and battery areas.
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Grand Harvest
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Photography startups

Grand Harvest is an investment firm.

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Investment focus

  • Industry: Software, Photography, Photo Editing
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Quanjing — Quanjing is a visual content provider that allows users to buy and edit stock photos.
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SHiP
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Photography startups

SHiP provides management and services for demonstration areas.

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Investment focus

  • Industry: Software, Hardware, Payments
  • Stage:Series A, Angel, Series B
  • Geography: China

Investor stats

  • Total investments: 6
  • Round size: Series A $1.4M–$2.8M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Welbell — Welbell is a computer software company providing intelligent system integration and intelligent community cloud platform services.
  • Broadcare Robot — Broadcare Robot is an industrial manufacturing company specialized in medical robot and medical automation.
  • Shenzhen 3D Dreamwork Co.Ltd — Shenzhen 3D Dreamwork Co.Ltd provides 3D printing, 3D photography, and building design solutions.
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Zhongzhiyixin Konggu
VC Fund · Beijing, Beijing, China · 1 investments in China Photography startups

Zhongzhiyixin Konggu is an investment firm.

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Investment focus

  • Industry: Software, Photography, Photo Editing
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Quanjing — Quanjing is a visual content provider that allows users to buy and edit stock photos.
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Rolyin Investment
VC Fund · Shanghai, Shanghai, China · 1 investments in China Photography startups

Rolyin Investment is a investment firm provided asset management and consulting.

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Investment focus

  • Industry: Dating, Big Data, Children
  • Stage:Angel, Series B
  • Geography: China

Investor stats

  • Total investments: 4
  • Round size: Angel $283k–$425k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Miliyo — Miliyo is a social software developer mainly on dating apps.
  • Kaka Wanpai — Kaka Wanpai is a photography agency for parent-child and pregnancy.
  • MILI PICTURES — MILI PICTURES provides cinematic and VR based animation production services.
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Suzhou Touareg Outdoor Media
VC Fund · 1 investments in China Photography startups

Suzhou Touareg Outdoor Media is an investment firm.

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Investment focus

  • Industry: Photography, Film Production, Content Creators
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Ke image — Ke Image is a provider of event photography services with a focus on documenting outdoor sports. Its areas of expertise include content design, production, distribution, and other links.
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Zero2IPO Ventures
VC Fund · Beijing, Beijing, China · 1 investments in China Photography startups

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

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Investment focus

  • Industry: E-Commerce, Internet, Education
  • Stage:Series A, Series B, Angel
  • Geography: China, Taiwan, India

Investor stats

  • Total investments: 86
  • Round size: Angel $142k–$1.4M; Series A $1.4M–$29M; Series B $2.9M–$42M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $40M in 2014

Portfolio highlights

  • Makera — Makera builds the smartest desktop CNC machines for makers. Explore our Carvera series, versatile mill routers, and rich case templates for every project.
  • Xuntu Technology — Xuntu Technology is a leading data intelligence provider specializing in investment research and decision-making solutions.
  • Ruidong New Energy — Ruidong New Energy provides power systems for new energy and electric vehicles. The company specializes in the design and manufacture of power systems for new energy and energy-efficient automobiles.
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Yangjiade
VC Fund · Beijing, Beijing, China · 1 investments in China Photography startups

Yangjiade is an investment firm.

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Investment focus

  • Industry: Software, Photography, Photo Editing
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Quanjing — Quanjing is a visual content provider that allows users to buy and edit stock photos.
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VenturesLab
VC Fund · Beijing, Beijing, China · 1 investments in China Photography startups

VenturesLab was founded in 2005 by Mark Mai and legendary venture capitalist Tim Draper. It was China's first internet-business incubator. In 2010, VenturesLab started to mainly focus on early stage investment and became a top name among China entrepreneur community. It incubated and invested in nearly 100 startups since 2005 across many kindsof Internet related fields. VenturesLab shares business expertise, tears and cheers with like-minded entrepreneurs dedicated to developing China’s internet industry. The total portfolios market cap amounts for $ 5 billion including a few M&A and two IPOs in China and US.

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Investment focus

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

Investor stats

  • Total investments: 26
  • Round size: Seed $1.4M–$3.5M; Angel $142k–$1.1M; Series A $10M–$55M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Glue Up — Glue Up (formerly EventBank) is a cloud-based engagement management software company that provides solutions for event and membership management, CRM, email marketing, and more. Founded in 2013, Glue Up provides solutions designed to streamline operations, modernize processes, and eliminate engagement challenges. Our innovative products combine thebest event management, membership management, email marketing, CRM, and mobile apps into an all-in-one cloud platform. We have office in 12 countries and clients in more than 50.
  • BON Credit
  • Huawu Technology — Huawu Technology is a florist's one-stop floral supply and procurement platform. It is committed to the Yunnan flower wholesale industry's Internet supply chain and offers one-stop flower supply and procurement for florists, wedding firms, flower community group purchases, and other merchants around the country.
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RiverHill Fund
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Photography startups

RiverHill Fund is a venture capital firm specializing in early stage of investment. The firm prefers to investment in wireless internet, wireless e-commerce, wireless online to offline, wireless community, and culture and entertainment sectors.

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Investment focus

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

Investor stats

  • Total investments: 9
  • Round size: Series A $3.5M–$14M; Series B $14M–$46M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • NoDesk AI — NoDesk AI is an artificial intelligence company that provides marketing, data analytics, and content creation solutions.
  • ZiYun Cloud — Founded in mid-2016, Jinyun IOT is composed of executives and technical experts from IBM, HP, BOSCH, COVISINT. The product line is mainly for discrete digital brain manufacturing solutions, firefighting internet of things, medical IoT applications. The entire life cycle of consulting, delivery, operation and maintenance, and the flexible deliveryof public clouds, private clouds, and hybrid clouds.
  • Zhonghao Xinying — Zhonghao Xinying is an AI chip developer, mainly engaged in the research and development, design and sales of artificial intelligence core chips used in various cloud servers.
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Photography VC funding in China at a glance

Stats across 60 deals from 94 investors.

94
investors
in China Photography startups
60
deals
in China Photography startups
$6.7M
median round
in China Photography startups
30%
lead investors
lead at least one round
27%
Series A
most common funding stage

Access all 94 VC funds in China Photography startups.

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