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Top 50 Platforms VC Funds & Investors in China (October 2026)

The most active venture capital funds investing in China Platforms startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Platforms startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Matrix Partners China
VC Fund
4 China, United States, Singapore Series A, Series B, Seed Health Care, Software, Biotechnology $1.2M–$137M
Yuanqi Capital
VC Fund
4 China, United States Seed, Series A, Series B Software, Cyber Security, Data Management $1.4M–$168M
Shanda Capital
VC Fund
3 China, United States, Hong Kong Series A, Angel, Series B Manufacturing, Mobile, Software $283k–$145M
Empower Investment
VC Fund
3 China, United States, India Angel, Series A, Seed Information Technology, Software, E-Commerce $142k–$14M
Ferry Venture Capital
VC Fund
2 China, United States Seed, Series A, Angel Information Technology, Manufacturing, Software $68k–$4.7M
DCM Ventures
VC Fund
2 United States, China, Japan Series A, Series B, Series C Software, Internet, E-Commerce $4M–$100M
Innoangel Fund
VC Fund
2 China, United States, Hong Kong Angel, Seed, Series A Artificial Intelligence, Manufacturing, Robotics $425k–$29M
Qihoo 360 Technology
VC Fund
2 China, United States, Austria Series A, Angel, Series B Information Technology, Software, Internet $425k–$600M
Morningside
VC Fund
2 United States, China, United Kingdom Series B, Series A, Series C Biotechnology, Health Care, Medical
Gaorong Capital
VC Fund
2 China, United States, Singapore Series A, Series B, Seed Artificial Intelligence, Information Technology, Software $1.6M–$110M
Guojin Capital
VC Fund
2 China Angel, Series A, Series B Media and Entertainment, Gaming, Education $425k–$15M
N5Capital
VC Fund
2 China, United States, India Series A, Seed, Series B E-Commerce, Internet, Gaming $163k–$30M
China Soft Capital
VC Fund
1 China Series A, Angel, Series B Information Technology, Software, SaaS $425k–$17M
ShareLink Capital
VC Fund
1 China, The Netherlands Series A, Angel, Seed Manufacturing, Hardware, Software $435k–$16M
Tengxun Touzi
VC Fund
1 China, Switzerland Series A, Series B, Angel Information Technology, Software, Gaming $425k–$62M
China Capital Investment Group
VC Fund
1 China, Thailand, Hong Kong Angel, Series C, Series A Health Care, Education, E-Commerce $425k–$145M
Dahe Ventures
VC Fund
1 China Angel, Series A, Seed Software, Information Technology, Automotive $450k–$10M
Follow[the]Seed
VC Fund
1 Australia, United States, Israel Seed, Series A, Pre-Seed Artificial Intelligence, Gaming, Software $150k–$12M
People.Cn
VC Fund
1 China, United Kingdom Series A, Angel, Series B News, Information Services, Travel $41k–$47M
Tsing Ventures
VC Fund
1 China Series A, Seed, Angel Artificial Intelligence, Robotics, Manufacturing $435k–$15M
Gopher Asset Management
VC Fund
1 China, United States, Portugal Series A, Series C, Series B Internet, Service Industry, Financial Services $1.6M–$235M
Shanghai GuoHe Capital
VC Fund
1 China Series A, Series B, Series D Manufacturing, Internet, Software $1.4M–$274M
Green Pine Capital Partners
VC Fund
1 China, United States, Canada Series A, Angel, Series B Artificial Intelligence, Biotechnology, Manufacturing $425k–$150M
Legend Star
VC Fund
1 China, United States, France Series A, Seed, Angel Health Care, Medical, Robotics $425k–$52M
Zero2IPO Ventures
VC Fund
1 China, Taiwan, India Series A, Series B, Angel E-Commerce, Internet, Education $162k–$49M
Guohai Innovative CCI Capital
VC Fund
1 China Series B, Series A, Angel Health Care, Medical, Robotics $68k–$62M
Beijing E-town International Investment & Development
VC Fund
1 China, United States, Hong Kong Series A, Angel, Seed Manufacturing, Information Technology, Software
Chenhui Venture Partners
VC Fund
1 China Series A, Angel, Seed Manufacturing, Information Technology, Hardware
UnityVC
VC Fund
1 China, United States, Singapore Angel, Seed, Series A Artificial Intelligence, Information Technology, Manufacturing $283k–$15M
Xiaomi
VC Fund
1 China, India, United States Series A, Series B, Angel Manufacturing, Electronics, Software $435k–$70M
Estar Capital
VC Fund
1 China Seed, Series A, Angel Automotive, Manufacturing, Artificial Intelligence $436k–$70M
Huagai Capital
VC Fund
1 China, United States, Hong Kong Series A, Series B, Angel Health Care, Medical, Biotechnology $425k–$90M
Tencent
VC Fund
1 China, United States, United Kingdom Series B, Series A, Series C Software, Artificial Intelligence, E-Commerce $3M–$418M
Iflytek
VC Fund
1 China, Hong Kong Series A, Angel, Seed Artificial Intelligence, Information Technology, Software $144k–$99M
GSR United Capital
VC Fund
1 China, United States, Singapore Series A, Seed, Series B Manufacturing, Information Technology, Automotive $450k–$50M
Qingsong Fund
VC Fund
1 China, United States, Canada Series A, Angel, Seed Manufacturing, Education, Internet $142k–$28M
Mount Morning Capital
VC Fund
1 China Series A, Seed, Series B Software, Information Technology, Artificial Intelligence $1.5M–$38M
360 Jinrong
VC Fund
1 China Series A, Series B iOS, Apps, Finance
Chengwei Capital
VC Fund
1 China, United States, Germany Series B, Series A, Seed Manufacturing, Software, Internet $2.9M–$58M
Sinovation Ventures
VC Fund
1 China, United States, Hong Kong Series A, Seed, Series B Software, Artificial Intelligence, Health Care $882k–$74M
Trilogy
VC Fund
1 United States, China Seed Software, Mobile, Android $60k–$7.4M
Zuoyu Capital
VC Fund
1 China Series A, Seed, Angel Automotive, Autonomous Vehicles, Travel $435k–$7.5M
SoftBank
VC Fund
1 United States, Brazil, Japan Series B, Series C, Series A Software, Information Technology, Artificial Intelligence $5M–$189M
Wacai.com
VC Fund
1 China Series A, Series B iOS, Mobile, Rental $24M–$65M
Shenzhen Weiyue Creative Investment
VC Fund
1 China Series A, Seed Android, Animation, Mobile Apps $3.1M–$4.3M
Chuxin Capital
VC Fund
1 China, Hong Kong, United States Angel, Seed, Series A Software, Information Technology, Artificial Intelligence $456k–$40M
Shenzhen Capital Group
VC Fund
1 China, United States, Japan Series A, Series B, Seed Manufacturing, Health Care, Software $1.4M–$141M
Luminous Ventures (former Lightspeed China Partners)
VC Fund
1 China, Singapore, United States Series A, Series B, Seed Manufacturing, Internet, Robotics $3M–$110M
CASVC
VC Fund
1 China Seed, Series A, Angel Manufacturing, Electronics, Semiconductor
CPE
VC Fund
1 China, United States, Israel Series A, Series B, Series C Health Care, Manufacturing, Biotechnology $2.8M–$1B
Access all 50 VC funds in China Platforms startups.

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

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Investor list

Matrix Partners China
VC Fund · Beijing, Beijing, China · 4 investments in China Platforms 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 goneon 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, Biotechnology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 706
  • Round size: Seed $1.2M–$74M; Series A $2.9M–$52M; Series B $10M–$137M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $92M in 2023

Portfolio highlights

  • Camera360 — Camera360 is a professional but easy-to use App for photo editing and selfie retouching. Tag #camera360
  • 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.
  • Liepin — Liepin is the largest and most professional high-end talent community-based recruitment site, with its innovative products and unique service model model for create an interactive high-end talent recruitment platform between business, headhunting and workplace. Tens of thousands of professional executive search consultant for businesses and jobseekers set up communication between the bridge and accelerate corporate recruitment process, recommended paying jobs in the workplace, career development planning. 16 job seekers to avoid the risk of privacy protection, millions of high-end elite member libraries, help enterprises development needs.
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Yuanqi Capital
VC Fund · Chaoyang, Liaoning, China · 4 investments in China Platforms startups

Yuanqi Capital is an investment fund focusing on the big security industry.

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Investment focus

  • Industry: Software, Cyber Security, Data Management
  • Stage:Seed, Series A, Series B
  • Geography: China, United States

Investor stats

  • Total investments: 21
  • Round size: Series A $1.4M–$168M; Series B $28M–$37M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Zanta Technology — Zanta Technology sounds like a cutting-edge company focused on harnessing big data to improve risk management for a variety of sectors. Zanta Technology provides specialized tools and services to help these organizations analyze, manage, and mitigate risks through the use of data-driven insights.
  • Anquan Digital Intelligence — Anquan Digital Intelligence is an internet security technology service provider specializing in network security breach detection and defense, data risk and protection, artificial intelligence.
  • Xinsheng Semiconductor — Xinsheng Semiconductor focuses on advancing the research, development, and tape-out of the SV31 series automotive Ethernet solutions, delivering high-performance, reliable, and standards-compliant connectivity technologies for next-generation intelligent vehicles.
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Shanda Capital
VC Fund · Shanghai, Shanghai, China · 3 investments in China Platforms 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: Manufacturing, Mobile, Software
  • Stage:Series A, Angel, Series B
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 51
  • Round size: Angel $283k–$15M; Series A $1.4M–$14M; Series B $1.4M–$145M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Chuhang Tech — Chuhang Tech is a technology company focusing on millimeter wave radars and advanced driver assistance systems.
  • Gosion Robot — Guoxun Robot is a developer of industrial safety inspection robots.
  • GLITTERINTECH LTD — Glitterin Tech develops fabless semiconductor and optoelectronic solutions based on photonic integrated circuits. The company focuses on silicon-based integrated optoelectronic chip technology that performs precise spectral modulation directly on optical chips. Its product portfolio includes on-chip integration spectrometer chips, microspectrometer modules, wearable spectrometer and near-infrared sensing devices, and optical interconnect and linear computing chips. These products support applications in spectral analysis, sensing, and optical data routing, as well as algorithm-enabled optical acceleration for artificial intelligence workloads. Glitterin Tech also provides solutions that combine silicon photonics hardware with algorithmic analysis for use in smart wearables, medical diagnostics equipment, and industrial detection systems.
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Empower Investment
VC Fund · Shanghai, Shanghai, China · 3 investments in China Platforms startups

Empower Investment was founded in 2012 in Shanghai, China. Their investment covers early-stage ventures, mid-stage growth, and securities in the public market. With headquarters in Shanghai, the company established branch offices in Beijing, Shenzhen, Hangzhou and Chengdu. Empower Investment has invested in over 150 high-tech and high-growthcompanies on a global scale covering regions including China, U.S, India, South Korea, Vietnam and Hong Kong. Their portfolio companies include fast-growing industries such as internet, AI, big data, automation & robotics, financial technology, cultural creativity, advanced materials, and healthcare.The Empower team has extensive experience in both deep technologies and financial services including internet, computer science, electronic engineering, materials science, auditing and investment banking. Some team members were serial entrepreneurs. With candidness and empathy, the team is eager to find and partner with the most visionary, determined and down-to-earth entrepreneurs. It always brings great excitement and pleasure to build a bright future with them.

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Investment focus

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

Investor stats

  • Total investments: 131
  • Round size: Seed $142k–$1M; Angel $425k–$3M; Series A $435k–$14M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • SPERIKON — SPERIKON is an innovative biotechnology company focusing on liquid reagents in cell biology. It is deeply involved in core scenarios such as cell biology research, cell medicine and drug development, cell health industry, and cell aesthetic medicine. With technological breakthroughs and industrialization capabilities, it provides high-qualityreagent products and full-chain services to the global cell biology field, promoting cell technology from the laboratory to clinical application and industrial implementation.
  • Hongpeng Airlines — Hongpeng Airlines is committed to developing, designing, and producing low-cost airplane engines.
  • Zhengcheng Star Network — Zhengcheng StarNet is a manufacturer of satellite internet communication terminals and a provider of industry solutions .
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Ferry Venture Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in China Platforms 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: 63
  • Round size: Seed $425k–$1.9M; Angel $68k–$1.4M; Series A $1.4M–$4.7M
  • Lead/follow: 25% lead, 75% 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.
  • Shifang Technology — Shifang Technology is a high-tech enterprise that provides integrated intelligent equipment for manufacturing industries.
  • 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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DCM Ventures
VC Fund · Menlo Park, California, United States · 2 investments in China Platforms startups

DCM Ventures assists entrepreneurs in building companies that will change how institutions and people use and live with technology.DCM Ventures focuses on the size of its team, the money they raise, and the investments they make all so that it can focus on the business of helping portfolio companies succeed. Collectively, the DCM investingpartners have over a century of investing and operational experience and each DCM partner has experience building hyper-growth startups into billion-dollar businesses.DCM Ventures manages ten funds totaling $4.0 billion and has made investments in more than 400 technology companies across the United States and Asia. With offices in Silicon Valley, Beijing, and Tokyo, DCM provides hands-on operational guidance and a vast network of global business and financial resources to its portfolio companies.

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Investment focus

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

Investor stats

  • Total investments: 554
  • Round size: Series A $4M–$30M; Series B $8.5M–$53M; Series C $9M–$100M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $780M in 2019

Portfolio highlights

  • Kaon — Discover prompts and AI apps built by a global community, or publish your own. FlowGPT is an open platform for building and sharing with AI.
  • Tandems — Tandems enhances the way financial advice is delivered by equipping advisors, bankers, and agents with data-driven insights and personalized recommendations. Tandems focuses on improving institutional operations through automation and intelligent decision-support tools that streamline workflows and client engagement. The company’s technology isdesigned to augment human expertise, allowing financial professionals to allocate more time to strategic guidance and relationship building.
  • PlayFirst — PlayFirst is the global leader in mobile games for family and friends.PlayFirst develops great mobile games for family and friends, and tens of millions of fans worldwide have played our hit titles. PlayFirst's portfolio of games includes the DASH® series (Diner Dash®, Wedding Dash®, Cooking Dash®, Hotel Dash®, SpongeBob Diner Dash® andHotel Transylvania Dash®) and Stars series (Mall Stars™).
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Innoangel Fund
VC Fund · Beijing, Beijing, China · 2 investments in China Platforms startups, 70 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: 303
  • Round size: Seed $452k–$29M; Angel $425k–$14M; Series A $1.5M–$28M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Dongthink — Dongthink transform real-world actions and interactions into reusable, scalable training data.
  • Qianjue Technology — Qianjue Technology is a company that created the first full-stack application-level robot model and offers cloud-based artificial intelligence solutions to robot manufacturers.
  • Xijian Technology — XiJian Technology operates an intellectual property and commercialization pipeline for neuromorphic perception technology by implementing its proprietary "Tianmou" vision chip paradigm. Its architectural design mimics human retinal pathways by extracting discrete visual primitives at the hardware level to circumvent bandwidth constraintsin computational processing. This hardware-software approach provides an ultra-low latency, high dynamic range input layer tailored specifically for foundational world models and downstream physical robotic agents.
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Qihoo 360 Technology
VC Fund · Beijing, Beijing, China · 2 investments in China Platforms startups

360 Total Security is a leader in Cybersecurity software. With a billion active internet users, 360 has earned a strong reputation for excellence. Download Free

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Investment focus

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

Investor stats

  • Total investments: 76
  • Round size: Angel $425k–$1.6M; Series A $1.6M–$25M; Series B $2.9M–$600M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Hozon — Hozon integrates hardware products and software services through innovative technology research and development, intelligent manufacturing, and multi-channel sales services. Through the development of electric, intelligence, and connectivity, they are committed to creating cost-effective Intelligent electric vehicles of high quality, providingusers with a simple, intuitive, and comfortable travel experience.
  • Lanxin — Lanxin is a secure mobile work platform for government and enterprise.
  • HanSight — HanSight is dedicated to changing the cyber security landscape based on their award-winning big data analytics platform and patented machine learning algorithms, by unifying SIEM, User & Entity Behavior Analytics (UEBA) and Network Traffic Analytics (NTA). Their mission is to empower organizations to detect and prevent to cyber breaches, fraudand insider threats that threaten their digital property and financial assets, in real time and with greater accuracy than ever before. With the vision "Data Driven Security", HanSight was founded in 2014 by seasoned entrepreneurs from Trend Micro, Microsoft and Oracle, with extensive experience in security analytics, big data technology and machine learning. They are backed by world-class ventures including IDG Capital, CASH Capital etc, and trusted by large-scale banks, telcos and government agencies. They are ranked #320 on Cybersecurity 500 list in 2017.
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Morningside
VC Fund · Shanghai, Shanghai, China · 2 investments in China Platforms startups

Morningside Group is a private investment group founded in 1986 by the Chan family. The Chan family founded the Hang Lung Group in 1960. Today, the Hang Lung Group consists of Hang Lung Group Limited [0010.HK] and Hang Lung Properties Limited [0101.HK]. Both companies are listed on the Hong Kong Stock Exchange. Hang Lung Properties Limited is aconstituent stock of the Hang Seng Index.Morningside Group invests in private equity and venture capital opportunities in North America, Europe, and the Asia Pacific. Since 1992, China has increasingly become a significant part of the group’s investment activities. Morningside Group has investments in the following sectors -- machinery manufacturing, high-tech, media, telecommunication, life science, education, and cleantech. The group is managed by experienced investment professionals who are entrepreneurial, have deep industry knowledge, and are effective in the local environment in which they operate.In addition to its investment activities, Morningside Group is deeply committed to being socially responsible. Providing access to educational opportunities and supporting scientific research are two major areas of focus for Morningside's philanthropic endeavors.

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Investment focus

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

Investor stats

  • Total investments: 134
  • Lead/follow: no public data

Portfolio highlights

  • evonetix — Spearheading a radical new approach to gene synthesis to improve access to high-quality, gene-length DNA. Redefine possible.
  • Kappa Pay — Transfer money reliably across the globe. Available for both businesses and individuals in Cameroon. Sign up now and get early access.
  • Angitia Biopharmaceuticals — Angitia Biopharmaceuticals is a global biotechnology company focusing on the discovery and development of innovative therapeutics for serious musculoskeletal diseases.
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Gaorong Capital
VC Fund · Wangjing, Beijing, China · 2 investments in China Platforms startups

Gaorong Capital is a venture capital firm that focuses on early and growth stage investments in TMT, including AI and frontier technologies.

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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: 370
  • 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

  • Anew Labs — Anew Labs is an AI drug discovery company that combines generative models with experimental science.
  • Cascade — Cascade produces novel medications that target nuclear receptors for treating metabolic disorders and inflammation.
  • Sequence Technology — Sequence Technology emphasizes in the production of polymer materials used in the semiconductor manufacturing process.
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Access 48,091 investors

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

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Guojin Capital
VC Fund · Shenzhen, Guangdong, China · 2 investments in China Platforms startups

Guojin Capital Group is a venture capital firm specializing in early to middle stage investments. The firm also makes late stage investments minorly. It seeks to invest mainly in the internet, pan-entertainment and education sectors. The firm also prefers to invest minorly in consumer upgrade and industry upgrade. It also invests in interneteducation, industry services, artificial intelligence and health care sectors.

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Investment focus

  • Industry: Media and Entertainment, Gaming, Education
  • Stage:Angel, Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 46
  • Round size: Angel $425k–$2.9M; Series A $1.5M–$7.1M; Series B $3M–$15M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Hozon — Hozon integrates hardware products and software services through innovative technology research and development, intelligent manufacturing, and multi-channel sales services. Through the development of electric, intelligence, and connectivity, they are committed to creating cost-effective Intelligent electric vehicles of high quality, providingusers with a simple, intuitive, and comfortable travel experience.
  • Dshifu — Dshifu is a supplier of frozen beef and mutton ingredients.
  • Alebund Pharmaceuticals — Alebund Pharmaceuticals is a biopharmaceutical company dedicated to developing innovative therapies for the treatment of renal diseases and related chronic conditions.
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N5Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Platforms startups

N5Capital is a Beijing-based leading venture capital firm focusing on early stage investment in mobile internet. N5Capital is the only early stage USD venture fund in China specializing in mobile internet, big data and cloud’s disruptive convergence with consumer sectors. N5 believes these technologies are emerging to be the infrastructure ofproductivity growth and consumer behavior transformation. Founded in 2013 by Mr. Will Jiang and Mr. Weiguo Zhao, N5Capital is currently managing two RMB funds and one USD fund, with the total capital managed at $350 million USD. In 2016, N5Captial was awarded the Top 20 Early Stage Venture Capital Firm in China. The power of mobile disruption in the internet savvy Chinese population guarantees a strong investment potential. With more than 60 companies in its portfolio, N5Capital has represented some of the most leading-edge tech companies, including Talking Data, 360 Finance, Car 300, Hot & Hot, Viva Video, LGD, Ofashion and inMotion/SoloWheel. N5Capital has a unique GP team combination with a collective successful track record spanning from angel, early stage, and growth stage to corporate M&A with approximately 30 years combined investment experience. N5Capital analyzes in consumer sectors such as finance, retail, housing, automobile, travel among others and invests in start-ups that thrives on either build or leverage the underlying technology to disrupt or recreate the industry value chain . Through an expansive network, in-depth industry analysis and rigorous user behavior research, N5Capital is shifting the investment landscape for both start-ups and investors. For more information, visit www.n5capital.com.

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Investment focus

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

Investor stats

  • Total investments: 94
  • Round size: Seed $163k–$2.4M; Series A $1.3M–$15M; Series B $441k–$30M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Feiyu — Feiyu is an online purchasing platform for luxury trading bags.
  • Harmay — HARMAY is based on contemporary fashion and aesthetics, conveys the concept of beauty and beautiful life. Covering first well-known international cosmetics and skin care brands products, global unique boutiques, and HARMAY’s own products,
  • Zhongying Cross-border — Zhongying Cross-border is a cross-border e-commerce comprehensive service platform.
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China Soft Capital
VC Fund · Dongcheng, Shaanxi, China · 1 investments in China Platforms startups

China Soft Capital Group is a private equity firm specializing in growth capital, emerging growth, mature stage, mezzanine, mergers and acquisitions investments. The firm typically invests in emerging industries which include online education, wealth management, cultural creativity; consumer lifestyle enhancement, which includes medical andhealthcare, consumption upgrade, consumer cross border integration; advanced equipment manufacturing, which includes energy saving, environmental protection, and instrument and basic industries equipment; green ecological construction; next generation IT, which includes internet and software, cloud computing, converging networks of broadcast, telecom, and internet; creative industry; digital publishing; digital contents; clean energy; cultural industry, technology, media and telecommunications. It seeks to invest in companies based in Peoples Republic of China. The firm also makes co-investments. China Soft Capital Group was founded in 2011 and is based in Beijing, China with additional offices in Shanghai, China; Hangzhou, China; Changzhou, China; Shenzhen, China; and Central, Hong Kong.

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Investment focus

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

Investor stats

  • Total investments: 31
  • Round size: Angel $425k–$484k; Series A $1.4M–$10M; Series B $2.8M–$17M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Hetun Family — Puffer Family is a puffer fish full industry chain enterprise, with businesses covering puffer fish seed breeding, puffer fish farming, slaughtering and processing, supply chain sales, and terminal catering. Hetun Family is building a seed breeding factory, a breeding base and aquatic product processing plant.
  • Guanqun Information — Guanqun Information is an innovative high-tech company that specializes in ICT product research, development, and services.
  • DapuStor — DapuStor is a provider of enterprise-level SSD main control chips, products, and storage solution, widely used in mainstream servers, operators, and internet data centers.
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Tengxun Touzi
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Platforms startups

Tengxun Touzi is a investment firm.

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Investment focus

  • Industry: Information Technology, Software, Gaming
  • Stage:Series A, Series B, Angel
  • Geography: China, Switzerland

Investor stats

  • Total investments: 121
  • Round size: Angel $425k–$2.9M; Series A $1.5M–$16M; Series B $2.9M–$62M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • CCTC — Chaozhou Three-Circle (Group) Co., Ltd. (CCTC) was established in 1970. The company has been listed in Shenzhen Stock Exchange since 2014 (stock code: 300408). It is a comprehensive enterprise engaged in research and development, manufacturing and sales of electronic basic materials, electronic components and communication devices. Thecompany's products cover optical communications, electronics, electrical, machinery, energy conservation and environmental protection, new energy, biological and fashion applications. The company has been both awarded as “National High-tech Enterprise” and ranked top 10 among China’s top 100 electronic component enterprises for consecutive years. The main products are electronic components, semiconductor components, information and communication components and new energy components and system integration. Within these industries the sales volume of ceramic substrate for chip resistor and ceramic rod for resistor are one of the market leaders in the world.
  • LibLib AI — LibLib AI is an AI image generation platform that provides cutting-edge content creation through multi-scenario and multi-dimensional applications and interactions. It is a subsidiary of Beijing Singularity Star Technology Co., Ltd.
  • ZAAN — ZAAN is intended to read contracts in the same manner as a senior associate, highlighting just those items that warrant a partner's attention and using referenced logic to connect each flag to its original source.
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China Capital Investment Group
VC Fund · Shanghai, Shanghai, China · 1 investments in China Platforms startups

Founded in 1995 with approval granted by the State Administration for Industry, the China Capital Investment (Group) Co., Ltd. (‘CCIG’) is registered in Shanghai with a registered capital of CNY300 million.CCIG seeks to optimize its investment structure as well as enhance its economic growth and competitive edge by fully harnessing theopportunities unleashed by changes in the global economic structure and China’s economic transformation. To this end, CCIG focuses on industry investments and capital operations and manages its assets in a professional and investment-centered manner that is at the same time grounded in industry experience.Currently, CCIG involves a number of areas, including mining, healthcare, real estate, cultural tourism, Information Technology, energy, and finance and securities. With a strong asset structure and abundant operational cash flow, CCIG is slated to grow its financial strength, establish more quality investment programs, implement excellent management and tap on a strong pool of professional talents as its assets take more a more international profile.

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Investment focus

  • Industry: Health Care, Education, E-Commerce
  • Stage:Angel, Series C, Series A
  • Geography: China, Thailand, Hong Kong

Investor stats

  • Total investments: 44
  • Round size: Angel $425k–$485k; Series A $1.4M–$11M; Series C $16M–$145M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • FlashSo Technology — FlashSo Technology focuses on the commercialization of physical AI and embodied intelligence technologies, aiming to extend AI from the digital world to real-world physical scenarios.
  • Huaibei Huajian Technology — Huaibei Huajian Technology is a technology company that focuses on research and development of a smart healthcare ecosystem network.
  • Zhongzhuo Industrial Finance — Zhongzhuo Industrial Finance is a technological firm that manufactures bathroom and home furnishing items.
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Dahe Ventures
VC Fund · Shanghai, Shanghai, China · 1 investments in China Platforms startups

Dahe Ventures is an investment management company focused on private equity investment.

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Investment focus

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

Investor stats

  • Total investments: 22
  • Round size: Seed $450k–$1.5M; Angel $452k–$2.2M; Series A $1.4M–$10M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Gsubo — Gsubo offers a high-speed cloud platform that provides solutions for various industries.
  • Dayu Yunfu — Dayu Yunfu provides a professional after-sales service management system.
  • Pencil Road — Pencil Road is an enterprise service platform covering business information, brand marketing, investment and financing services,etc
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Follow[the]Seed
VC Fund · Sydney, New South Wales, Australia · 1 investments in China Platforms startups

Follow[the]Seed is a post-seed algorithmic venture capital fund, using a unique predictive analytical model known as Raving Fans™ to identify the next $1 Billion+ ventures. Based in Sydney, Australia; San-Francisco, USA; Tel Aviv, Israel & Beijing, China our team has over 3 decades of combined experience building startups ourselves andanother 2 decades of experience investing in over 90 companies.Oh, and we truly love entrepreneurs and innovation.

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Investment focus

  • Industry: Artificial Intelligence, Gaming, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Australia, United States, Israel

Investor stats

  • Total investments: 34
  • Round size: Seed $735k–$4.6M; Pre-Seed $150k–$1.2M; Series A $300k–$12M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2017

Portfolio highlights

  • Hawksight — Hawksight provides a protocol that optimizes yield on Solana DeFi. It offers a concentrated liquidity yield optimizer with self-custodial and automated market-making strategies. Users can earn optimized yields from Solana's top DeFi protocols and manage their positions in one platform. Hawksight aims to build Solana's largestdecentralized finance yield aggregator protocol.
  • Hybrid — Hybrid is a fintech company that offers a decentralized central AI tool with Web3's ecosystem of AI experts, agents, and data.
  • Liquorice — We're thrilled to announce our $1.2M pre-seed round, led by @greenfield_cap and with participation from @l2iterative, @polymorphiccap, @HoradrimCapital, and @HASHCIB. Angel investors include founders from @1inch.
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People.Cn
VC Fund · Beijing, Beijing, China · 1 investments in China Platforms startups

People.cn, founded on Jan. 1, 1997, is a large-scale information interaction platform constructed by People’s Daily – one of the world’s top ten newspapers. It is also one of the largest comprehensive Internet media on the Internet. As a leading key news website in China, it upholds the belief "authority and strength originate from thepeople". With "authority, popularity and credibility" as tenet, it takes "multiple languages, all media forms, globalization and full coverage" as objectives, and "disseminating China’s news and covering world news" as its mission. On June 20, 2008, during his inspection tour of People.cn, President Hu Jintao said, "People.cn has played a unique role in advocating the Party's belief, guiding public opinion and warmly serving netizens since inception."

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Investment focus

  • Industry: News, Information Services, Travel
  • Stage:Series A, Angel, Series B
  • Geography: China, United Kingdom

Investor stats

  • Total investments: 17
  • Round size: Angel $41k–$19M; Series A $1.4M–$9.5M; Series B $3M–$47M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • MAXIEYE — Maxieye is a technology service provider that offers driver assistance and automatic driving system.
  • Milian Technology — Milian Technology is a platform for dating and dating. According to the needs of different users, we have launched a variety of dating products, including love in the same city, dating in the same city, love in the city and many other Android clients. The registered users of the platform have exceeded 10 million, belonging to Beijing. MilianTechnology Co., Ltd.
  • Yellow Swan — Yellow Swan Edible Fresh Eggs is a domestic raw-edible egg enterprise. The company was founded in 2018 and is headquartered in Chengdu, Sichuan, China.
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Tsing Ventures
VC Fund · Beijing, Beijing, China · 1 investments in China Platforms startups

Tsing Ventures is China’s leading service system of innovative entrepreneurship.

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Investment focus

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

Investor stats

  • Total investments: 36
  • Round size: Seed $1.5M–$3M; Angel $435k–$9.5M; Series A $1.2M–$15M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Yongxin Technology — Yongxin Technology is a company dedicated to the research and development of high-performance semiconductor chips, aiming to deliver advanced solutions for applications such as artificial intelligence, data centers, and next-generation consumer electronics.
  • Moonshot AI — Dark Side of the Moon is an AI large-scale model company.
  • Advanced Materials Technology & Engineering — Advanced Materials Tech& Eng is a semiconductor equipment manufacturer that focuses on the development of front-end process equipment, compound semiconductors and MEMS.
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Gopher Asset Management
VC Fund · Shanghai, Shanghai, China · 1 investments in China Platforms startups

Gopher Asset Management is an asset management firm that focuses on asset allocation and pursues absolute returns. The firm also focuses on Private Equity Investment, Real Estate Fund Investment, Secondary Market Investment, Family Office, and Discretionary Account Investment and Institutional Services. They devoted to protecting their investorsagainst financial risk and growing the value of their assets.Gopher Asset Management was founded in 2010 and is based in Shanghai, China.

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Investment focus

  • Industry: Internet, Service Industry, Financial Services
  • Stage:Series A, Series C, Series B
  • Geography: China, United States, Portugal

Investor stats

  • Total investments: 53
  • Round size: Series A $1.6M–$46M; Series B $8.5M–$125M; Series C $44M–$235M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $25M in 2021

Portfolio highlights

  • HeyGears — HeyGears is an innovation-driven technology company with 3D printing applications and digital intelligent manufacturing technologies as its core competencies. The company is dedicated to building a complete service ecosystem by integrating hardware, software, material science, IoT (Internet of Things) and AI (Artificial Intelligence). The ecosystemallows HeyGears to provide B-end customers with whole-chain intelligent manufacturing solutions and offer C-end customers high-quality end products empowered by 3D printing technology.HeyGears aims at building an M-B-C network by utilizing UltraCraft, Ultra-Net, and UltraPrint, and creating new 3D printing application scenarios from “digital production” to “unscaled” retail. The company’s digital manufacturing solutions, services, and business models have and will continuously be applied in health and medical, consumer goods, electronics, and various other industries. HeyGears has customers in more than 10 countries and is continuing to expand globally in America, Europe, and Asia.At HeyGears we encourage innovation and spare no effort to bring the best ideas to life. We empower creative, passionate and purpose-driven people to make a difference. We are committed to a working culture that embraces diversity, promotes equal opportunity and explores possibilities. Your career at HeyGears is defined by you, with a flexible-and-global working environment and your best authentic self. Here we collaborate as an energetic, dynamic and entrepreneurial team. Together we offer the optimal experience to customers, influence the industry with leading digital applications, and help improve the health and lives of our communities.
  • ProSights — State-of-the-art data security protocols engineered specifically for financial institutions.
  • Anytime AI — The #1 Choice for Complex Litigation
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Shanghai GuoHe Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Platforms startups, 6 in the past 12 months

Shanghai GuoHe Capital, also known as Shanghai Guohe Investment, is an asset management company that focuses on the modern service industry which include financial, logistics, media, and healthcare. Its largest shareholder is Shanghai International Group, the Shanghai government financial holding platform. Its other shareholders include ZijiangGroup and Tonglian Payment. Shanghai Lujiazui Group, etc., with a registered capital of 125 million yuan, is the first private fund management company in China to obtain the qualification of private equity fund manager.The firm was established in 2009.

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Investment focus

  • Industry: Manufacturing, Internet, Software
  • Stage:Series A, Series B, Series D
  • Geography: China

Investor stats

  • Total investments: 31
  • Round size: Series A $1.4M–$168M; Series B $14M–$50M; Series D $38M–$274M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Zhongke Xianglong — Zhongke Xianglong focuses on aerospace-grade lightweight metal 3D printing and multi-laser large-format SLM manufacturing.
  • Moushen Intelligent — Moushen Intelligent is a Shanghai-based startup specializing in embodied AI, with a core focus on developing generative, universal embodied brain systems that enable robots to perceive, reason, learn, and act autonomously across diverse real-world environments and tasks, bridging advanced large-scale models with physical robotic intelligence.
  • Rongyuan Technology — Rongyuan Technology develops intelligent defense and low-altitude governance solutions.
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Green Pine Capital Partners
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Platforms 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 fundsand 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, Biotechnology, Manufacturing
  • Stage:Series A, Angel, Series B
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 244
  • Round size: Angel $425k–$3.1M; Series A $1.5M–$60M; Series B $3M–$150M
  • Lead/follow: 32% lead, 68% 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.
  • 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.
  • Chiplight Technology — Chipligh Technology develops optical interconnect and silicon photonics solutions for AI computing clusters.
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Legend Star
VC Fund · Beijing, Beijing, China · 1 investments in China Platforms startups, 16 in the past 12 months

Legend Star helps entrepreneurs create great businesses through investments, CEO training sessions and an entrepreneurs alliance.Since 2008, Legend Star has incubated and invested in nearly 600 companies and is deeply integrated in the Chinese entrepreneurial ecosystem.Legend Star is the independent early-stage investment arm of LegendHoldings. Legend Holdings is the parent company of Lenovo, Raycom Real Estate, Joyvio Agribusiness and a large range of fast-growing Chinese companies.

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Investment focus

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

Investor stats

  • Total investments: 172
  • Round size: Seed $1.5M–$19M; Angel $425k–$7.8M; Series A $1.5M–$52M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — raised $127M in 2018

Portfolio highlights

  • CellWall — Cellwall is a desktop robot developer focused on the research, development, upgrade, and marketing of its initial product, CyboPal ONE.
  • Ubot Robotics — Ubot Robotics is dedicated to developing leg-and-foot bionic robots and has built a diverse range of bipedal, quadrupedal, hexapodal, and other leg-and-foot bionic robots.
  • Active Technology — Active Technology is a pioneering deep tech startup specialized in developing invasive brain computer interface (BCI) technology. The company integrates flexible electrodes, dedicated chips, and advanced decoding algorithms to target motor, visual, and emotional neural pathways.
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Zero2IPO Ventures
VC Fund · Beijing, Beijing, China · 1 investments in China Platforms 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: 97
  • Round size: Angel $162k–$1.6M; Series A $1.4M–$29M; Series B $2.9M–$49M
  • Lead/follow: 14% lead, 86% 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.
  • Deep Cell — Deep Cell is a Chinese AI driven drug discovery and virtual cell modeling startup. The company integrates artificial intelligence with multi scale molecular physics to construct explainable virtual cell world models, aiming to revolutionize paradigm shifting drug designs and simulate cellular responses to complex diseases.
  • Guangxiang Technology — Guangxiang Technology is dedicated to empowering industrial scenarios through embodied intelligence technology. The company has developed a general-purpose embodied intelligence development platform, centered around its core GOPS platform, to drive innovation and intelligent transformation in industrial applications.
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Guohai Innovative CCI Capital
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Platforms startups, 6 in the past 12 months

Guohai Innovative CCI Capital is a financial investment management firm.

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Investment focus

  • Industry: Health Care, Medical, Robotics
  • Stage:Series B, Series A, Angel
  • Geography: China

Investor stats

  • Total investments: 37
  • Round size: Angel $68k–$14M; Series A $1.6M–$14M; Series B $2.9M–$62M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • ROBOT++ — Robot++ is a research and development of intelligent robots company.
  • Bivision — Biovision Pharma is a biomedical enterprise focusing on the research and development of targeted radiopharmaceuticals (TRT) integrated with visual diagnosis and treatment.
  • Booster Robotics — Accelerating Evolution is a humanoid robotics company. It provides humanoid robots to AI firms and research institutes, as well as quick mass production and supply of standard items.
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Beijing E-town International Investment & Development
VC Fund · Beijing, Beijing, China · 1 investments in China Platforms startups

Incorporated in February 2009, Beijing E-Town International Investment & Development Co., Ltd ( E-Town Capital ) is a State-owned investment and financing company with the mission of promoting industrial upgrading and technological innovation in Beijing Economic-Technological Development Area (BDA for short).Oriented to real economyindustrial development and adhering to financing service innovation, E-Town Capital has since its foundation combined the resources of both government and the market to constantly build platforms for diversified industrial investment as well as all-round financial service. It has established many professional subsidiaries including Beijing E-Town International Industrial Investment Management Co., Ltd., Beijing E-Town International Guarantee Co., Ltd., Beijing E-Town International Small-credit Co., Ltd., Beijing Mobile E-Town Co., Ltd. and E-Town International Holding (Hong Kong) Co., Ltd.E-Town Capital was assigned by the Beijing municipal government as one of the five management institutions for municipal-level pooled equity investment funds.E-Town Capital practices long-term strategic investment and runs an all-around and total access Beijing E-Town Parent Fund Business System. It has also made overseas acquisitions of Nexteer Automotive, ISSI, and Mattson Technology Inc. and invested in the SMIC Phase II & Ⅲ project of the BOE and BAIC Group, which promotes the agglomeration of high-end industries, including integrated circuits, equipment manufacturing, and aerospace technology.By the end of June 2018, E-Town Capital has invested in 116 projects, with a total investment of more than 35.4 billion yuan ($5.10 billion). Its parent fund system owns nearly 60 funds in total and participates in the management of funds of more than 250 billion yuan. E-Town Capital gradually refines its finance service, including financial assurance, financial leasing, and petty loans; upgrades product systems and serves the innovative development of small and medium-sized enterprises. It has developed a base for industrial agglomeration and innovative incubators by building special zones, such as Beijing Mobile E-Town and E-Startup.Beijing E-Town International Industrial Investment Management Co., Ltd. was inaugurated in 2013 with registered capital of 1,000 million yuan. The company is a professional industrial investment management enterprise in the finance service system and focuses on the construction of strategic emerging industries funds, such as integrated circuits, biological medicine, equipment manufacturing, aerospace technology.Founded on February 5, 2010, Beijing E-Town International Financing Guarantee Co., Ltd., with registered capital of 1.3 billion yuan, is a government-led policy-oriented loan guarantee company and one of the first companies to obtain a 5-year business license from the Beijing Municipal Bureau of Financial Work.Founded in 2013, Beijing E-Town Financing Leasing Co., Ltd. with registered capital of $120 million, is the first Sino-foreign joint venture financial leasing company in the Beijing Economic-Technological Development Area.Beijing E-Town International Small-credit Co., Ltd. is the BDA's first small-credit company approved by the Beijing Municipal Bureau of Finance Work.As a construction platform of E-Town Capital’s industrial bases, Beijing Mobile E-Town Co., Ltd. focuses on the investment and development, investment promotion, and operation and management of the Mobile E-Town Park and offers innovative incubator services.In the future, E-Town Capital will stick to the business idea of “internationalization, marketization, and innovation” and use capital as a linkage to offer all-around financial service by integrating all kinds of data including information related to capital, technology, talents, and markets. The company is striving to become an investment group with international influence.

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Investment focus

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

Investor stats

  • Total investments: 49
  • Lead/follow: no public data

Portfolio highlights

  • Puresunxiang — Puresunxiang is a supplier of minimally invasive surgical instruments.
  • Huixi Intelligent — Huixi Intelligent focuses on autonomous driving chips, and its products include chip computing platforms, autonomous driving software solutions, and development tool chains.
  • Xinshinuo Semiconductor — Xinshinuo Semiconductor is a domestic semiconductor equipment and technology company.
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Chenhui Venture Partners
VC Fund · Shanghai, Shanghai, China · 1 investments in China Platforms startups

CHVC is an early-stage venture capital firm focused on enabling companies to leverage technology in making the world a better place. The firm has closed two funds with the major investors including Shanghai Pudong Software Park, CICC Capital and other institutions and individuals. Our portfolio includes companies such as FruitDay, Ubinavi, ADUPSand thirty other startups, many of which are now listed in China.

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Investment focus

  • Industry: Manufacturing, Information Technology, Hardware
  • Stage:Series A, Angel, Seed
  • Geography: China

Investor stats

  • Total investments: 34
  • Lead/follow: no public data

Portfolio highlights

  • Zhiqian — Zhiqian is a security verification service provider and a new generation of network security firm, committed to technology and product innovation.
  • Jinqirui Biology — Jinqirui Biology is a biotechnology company that focuses on the research and development, manufacturing, production & sales of vitro diagnostics equipment and reagents.
  • Kunwei Technology — Kunwei Technology manufactures high-precision force sensors (six-axis force sensors) as well as force control systems. It is involved in the research and development, manufacturing, sales, and technological promotion of intelligent force sensors, as well as the development of force sensor products for the robot and other intelligent equipmentindustries. It provides force measurement systems as well as goods connected to measurement and other industries.
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UnityVC
VC Fund · Beijing, Beijing, China · 1 investments in China Platforms startups, 16 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: 159
  • Round size: Seed $448k–$15M; Angel $283k–$3M; Series A $1.6M–$15M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • D-Robotics — D-Robotics is a leading provider of robotic computing solutions.
  • 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 developer of intelligent robots
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Xiaomi
VC Fund · Beijing, Beijing, China · 1 investments in China Platforms startups

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Investment focus

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

Investor stats

  • Total investments: 285
  • Round size: Angel $435k–$2.5M; Series A $1.5M–$70M; Series B $3M–$63M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Z.ai — The AI Lab behind GLM models, dedicated to inspiring the development of AGI to benefit humanity. https://t.co/gOw7WpwkJt https://t.co/ot9sGVXU8x
  • Sudu Technology — sudo AI builds the foundation for general-purpose robots, enabling robotic skills to be learned, transferred, and deployed across the physical world.
  • Shifang Technology — Shifang Technology is a high-tech enterprise that provides integrated intelligent equipment for manufacturing industries.
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Estar Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Platforms startups

Estar Capital is an investment firm.

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Investment focus

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

Investor stats

  • Total investments: 35
  • Round size: Seed $1M–$7.7M; Angel $436k–$7.1M; Series A $14M–$70M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Synapath — Synapath focuses on using embodied intelligence and robotics technology to create clever systems for making decisions for multi-domain applications that are intelligent.
  • Zero One Auto — Zero One Auto is a new energy-efficient heavy-duty truck developer company.Zero One Auto creates new energy-efficient heavy-duty vehicles with advanced autonomous driving characteristics. The first batch of products is separated into two models, with an emphasis on the new energy heavy-duty truck short-distance freight market.
  • 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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Huagai Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Platforms startups, 10 in the past 12 months

Huagai Capital is a private equity investment firm that invests in start-up or growth companies in the areas of healthcare, TMT, and culture.

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Investment focus

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

Investor stats

  • Total investments: 153
  • Round size: Angel $425k–$15M; Series A $1.5M–$73M; Series B $8.5M–$90M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $430M in 2018

Portfolio highlights

  • SeaArt — SeaArt AI is an all-in-one AI creativity community for art, videos, audio, and AI chats, where creators collaborate, spark inspiration, and grow together.
  • Zhiran Medical — Zhiran Medical is a medical technology company specializing in the precise detection and treatment of neurological disorders using high-throughput, flexible brain-computer interface technology.
  • 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.
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Tencent
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Platforms startups

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

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Investment focus

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

Investor stats

  • Total investments: 894
  • Round size: Series A $3M–$157M; Series B $15M–$213M; Series C $23M–$418M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • BYJU'S — BYJU’S is a global ed-tech company that provides highly adaptive, engaging, and effective learning solutions to more than 150 million students around the world. Founded in India in 2011, BYJU's mission is to make high-quality learning accessible to students everywhere.The BYJU's family of brands includes Disney-BYJU's Early Learn,BYJU's FutureSchool, Epic!, Osmo, Tynker, Toppr, and WhiteHat Jr., along with the company’s beloved flagship product, BYJU's: The Learning App. Together, BYJU's solutions support pre-K–12 education and a wide range of competitive exams.BYJU’S delivers a world-class learning experience with tools that sit at the crossroads of mobile, interactive content, and personalized learning methodologies. Byju's geography-agnostic solutions and 12,000+ teachers make learning engaging with visual and contextual programs that adapt to the unique learning style, skill level, and pace of each student. In addition, BYJU’S has innovative partnerships with some of the world's largest companies, including Disney and Google, to drive engagement and help even more students become active and lifelong learners.BYJU’S is backed by blue-chip investors including the Chan-Zuckerberg Initiative, Sequoia Capital, Bond Capital, Silver Lake, BlackRock, Sands Capital Management, Alkeon Capital Management, Sofina, Verlinvest, Tencent, Prosus (previously Naspers Ventures), CPPIB, General Atlantic, Tiger Global, Qatar Investment Authority, Owl Ventures, Lightspeed Venture Partners, Times Internet, Aarin Capital, and IFC. Since 2017, BYJU’S has completed more than 15 acquisitions, including companies in the U.S., UK, Austria, India, and Singapore. A 2021 Time 100 Most Influential Company, BYJU’S is headquartered in India, with operations in more than 21 countries globally and learning programs in more than 8 languages.
  • VIPKID — VIPKid is a global education technology company that connects children with the world’s best teachers for real-time online English immersion learning.VIPKid’s mission is to inspire and empower every child for the future. VIPKid envisions a global classroom that empowers students and teachers through personalized learning, connection of culturesacross the world and the passion for lifelong learning. It believes that education is not one-size-fits-all, rather, all students are unique and the world is within their reach when connected with great teachers capable of personalizing learning and sparking curiosity.Founded in 2013 and formally launched in 2014, VIPKid has become China’s market-leading online education startup, attracting investment from Tencent, Coatue Management, Sequoia Capital, Sinovation Ventures, Yunfeng Capital, Matrix Partners, Learn Capital, Northern Light VC and Bryant Stibel, among others. The VIPKid platform currently connects over 500,000 paying students with over 60,000 teachers in the US and Canada.
  • Z.ai — The AI Lab behind GLM models, dedicated to inspiring the development of AGI to benefit humanity. https://t.co/gOw7WpwkJt https://t.co/ot9sGVXU8x
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Iflytek
VC Fund · Hefei, Anhui, China · 1 investments in China Platforms startups

Anhui USTC iFLYTEK Science and Technology Co., Ltd. (科大讯飞) is a software enterprise focused on the research of intelligent speech and language technologies, development of software and chip products, provision of speech information services, and integration of e-government systems.As a key supplier of intelligent speech technologies, USTCiFLYTEK holds long-term research experience in the field of intelligent speech technologies, and reputed achievements in a variety of technologies such as speech synthesis, speech recognition and spoken language evaluating.

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Investment focus

  • Industry: Artificial Intelligence, Information Technology, Software
  • Stage:Series A, Angel, Seed
  • Geography: China, Hong Kong

Investor stats

  • Total investments: 88
  • Round size: Seed $144k–$99M; Angel $435k–$21M; Series A $1.4M–$15M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Liangyi Wanxiang — Liangyi Wanxiang is focuses on complete machines, product R&D, and technological innovation in atomic quantum computing.
  • Qingtian Future Robotics — Qingtian Future Robotics is an intelligent robot sales and service provider that specializes in commercial robotics deployment.
  • Chengdu RainZhiLingdong Technology — Chengdu RainZhiLingdong Technology is a robotics company that offers an AI powered bionic plush pet toy.
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GSR United Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Platforms 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 industrialfunds 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: 232
  • Round size: Seed $450k–$14M; Series A $794k–$16M; 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.
  • Dewu Additive — Dewu Additive is a high-tech company at the forefront of 3D printing innovation, specializing in developing cutting-edge additive manufacturing solutions. The company focuses on creating advanced 3D printing technologies and materials for a wide range of industries, including aerospace, automotive, healthcare, and manufacturing.
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Qingsong Fund
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Platforms startups

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

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Investment focus

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

Investor stats

  • Total investments: 144
  • Round size: Seed $375k–$28M; Angel $142k–$1.6M; Series A $1.4M–$15M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $153M in 2021

Portfolio highlights

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

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

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Investment focus

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

Investor stats

  • Total investments: 46
  • Round size: Seed $14M–$16M; Series A $1.5M–$24M; Series B $3M–$38M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

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

360 Jinrong is an investment and financial information service platform.

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Investment focus

  • Industry: iOS, Apps, Finance
  • Stage:Series A, Series B
  • Geography: China

Investor stats

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

Portfolio highlights

  • Chedai.com — The first car loan by CITIC Group, Beijing Automotive Group, Matrix Partners, and Brilliance China joint venture China's first credit auto finance O2O service platform. Team consists of professionals from the automotive, financial, Internet, three major areas of composition, dedicated to the automobile industry chain links in new car dealers,used car dealers, car rental business, automotive parts suppliers, vehicle logistics providers, automotive consumers provide tailor-made financial solutions.
  • Weilai Jishi — Weilai Jishi is a social application class layer e-commerce APP under the Guangzhou Future Market Network Technology Co., Ltd. Use the big data community operations and business school training system to promote socialization and provide product and content comprehensive services for the user community. Basic introduction The main product form isthe mobile app, suitable for the application scenarios of the fragmentation era, through social sharing, linking resources.
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Chengwei Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Platforms startups

Chengwei Ventures is a venture capital firm.

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Investment focus

  • Industry: Manufacturing, Software, Internet
  • Stage:Series B, Series A, Seed
  • Geography: China, United States, Germany

Investor stats

  • Total investments: 115
  • Round size: Seed $8M–$25M; Series A $2.9M–$58M; Series B $8M–$55M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — last raise in 2012

Portfolio highlights

  • Uniforce AI — Uniforce AI builds a core industrial AI platform to automate real-time multi-physics simulations and complex control architectures. It utilizes neural operators and generative diffusion models to train on numerical engineering data and accelerate structural design or diagnostic inner loops. Its value proposition lies in deploying physics-compliantAI workflows that reduce engineering computation timelines from hours to seconds for highly complex industries.
  • Full-Life Technologies — Full-Life Technologies Limited (“Full-Life”) is a fully integrated global RadioTherapeutics company headquartered in Shanghai, China with operations in Europe.
  • Lingrui Intelligent Chip Technology — Lingrui Zhixin Technology is an R&D company that specialises in full-stack, self-developed, domain-specific processors for intelligent computing applications.
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Sinovation Ventures
VC Fund · Beijing, Beijing, China · 1 investments in China Platforms startups, 16 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 377
  • Round size: Seed $882k–$14M; Series A $1.5M–$30M; Series B $3M–$74M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $203M in 2022

Portfolio highlights

  • Hemu Intelligent — Hemu Intelligent is an early-stage Industrial AI startup focused on mold physical AI, manufacturing semantic computing, and industrial application. By leveraging deep learning on mechanical drawings and digitizing the experiential workflows of master technicians, the company builds an "AI Craft Brain".
  • Jiangxian Technology — Jiangxian Technology is a company focused on embodied intelligence, a field that integrates artificial intelligence with physical systems such as robots and smart devices, enabling machines to perceive, learn from, and interact with the real world in a more human-like and adaptive manner across applications like automation, healthcare, and advancedmanufacturing.
  • Ruilian Intelligent Computing — Ruilian Zhisuan is an AI computing infrastructure innovator that provides integrated hardware software solutions. Modeled after Google's Jupiter optoelectronic architecture, it features full stack OCS scheduling to replace traditional electronic switches with optical routing. This core technology drastically minimizes network latency andsystem power consumption for advanced AI calculation networks.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Trilogy
VC Fund · Austin, Texas, United States · 1 investments in China Platforms startups

Trilogy offers enterprise-class software and service solutions targeted to the automotive industry.Trilogy’s mission is to improve the automotive purchase experience for consumers around the world by supporting original equipment manufacturer’s and dealers with innovative software solutions, digital applications and consumer insights.Trilogyservices range from turnkey solutions to custom; client-driven solutions in a variety of product categories including website development and platform based applications, lead management and distribution, configuration management, demand intelligence and business insight generation. Trilogy’s patented technologies power some of the automotive industry’s best business solutions including the award winning Ford Direct digital platform. Their products are built from the ground up to scale and accommodate infinite growth. They take tremendous pride in their ability to solve the most difficult business challenges.

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Investment focus

  • Industry: Software, Mobile, Android
  • Stage:Seed
  • Geography: United States, China

Investor stats

  • Total investments: 3
  • Round size: Seed $60k–$7.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Showdigs — The most flexible showing, listing automation, and on-demand fieldwork platform for property managers. Showdigs' property management software includes self-showings, automated scheduling, AI website leasing bot, on-demand rental showings and property condition reports handled by professional agents.
  • Yibailin — Young international company of a mobile and web application developpers. Main development focus is user friendly new generation mobile applications for Android handsets. Company's developers team has backgrounds in different IT fields.
  • TrueFacet — Shop and sell top designer brands up to 70% off. Use this link to get $70 off on your first order of $200+
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Zuoyu Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Platforms startups

Zuoyu Capital is a financial advisory firm based in Beijing.

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Investment focus

  • Industry: Automotive, Autonomous Vehicles, Travel
  • Stage:Series A, Seed, Angel
  • Geography: China

Investor stats

  • Total investments: 15
  • Round size: Angel $435k–$1.5M; Series A $1.5M–$7.5M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • FELO — FELO is an electric vehicle company that specializes in the field of autonomous balancing and hybrid power for two-wheeled motorcycles. The company was founded in 2019 by Jingyi Zhang.
  • Zongmu — ZongMu Technology was founded in January 2013. Headquartered in Pudong ZhangJiang high-tech park of Shanghai, ZongMu has RD centers in Beijing and ShenZhen respectively. Through its innovative solution and excellent service to the local market, ZongMu has shipped multiple SurroundView ADAS (Advanced Driving Assistance System) in main stream OEMautomotive markets, becoming the leading SurroundView ADAS solution vendor for China domestic market and formed strategic partnership with multiple OEM car makers and their tier1 suppliers.
  • Jiyu Technology — Shanghai Jiyu Technology Co., ltd. main sales line chassis, control of unmanned at low speed, no delivery vehicles, and other products, providing customers with general unmanned drive-by-wire chassis solutions, research and development of advanced Technol
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SoftBank
VC Fund · Tokyo, Tokyo, Japan · 1 investments in China Platforms startups, 9 in the past 12 months

SoftBank Group Corp. (Chairman & CEO: Masayoshi Son) Corporate and IR site provides company information such as our company profile, an overview of the company and Group companies, as well as IR and CSR.

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Investment focus

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

Investor stats

  • Total investments: 357
  • Round size: Series A $5M–$50M; Series B $7M–$189M; Series C $11M–$150M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • PXP — We are Japanese green tech startup company established in 2020 aiming to realize clean energy that can be used freely by anyone, anywhere and anytime.
  • Gravis Robotics — Gravis Robotics turns any earthmoving machine into a robot. Unlock superhuman productivity with plug-and-play autonomy.
  • Thrive Holdings — Holdings owns and operates businesses in critical industries where we believe technology can deliver strategic value to employees and customers.
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Wacai.com
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Platforms startups

Wacai is a Chinese mobile app developer and the creator of a personal finance management mobile app. The app has two major functions. One, to serve as a bookkeeping service (launched in 2009) and two, a mutual fund trading feature that was added in July of 2013. Its most recent feature, incorporated in April of 2014, is a credit card manager, whichis gaining popularity in the Chinese markets. The app currently has over 40 million users.

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Investment focus

  • Industry: iOS, Mobile, Rental
  • Stage:Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 4
  • Round size: Series A $24M–$65M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tianrang — Tianrang was established in June 2016. Committed to building the first platform of universal artificial intelligence, through professional AI technology and services, help enterprises, government agencies and individuals to build a proprietary AI engine to solve daily life and work problems. They hope to promote the development of Chinese AItechnology through deep learning, intensive learning, machine learning and other technologies so that GM artificial intelligence can become the infrastructure of their lives like hydropower coal.At present, Tian's intelligent AI technology has been explored and landed in many fields such as commercial operations, urban management, finance, and education. In the commercial field, Tiandi Intelligent has developed a number of online marketing intelligent optimization products such as Tianzhu, Tianqi, and Tiantong, which help merchants realize the marketing and operation of multiple online advertising platforms such as Alizhi Diamond, Ali Express, Tencent Guangdeng. automation. In 2017, during the double eleventh period, the merchants were helped to increase their marketing input-output ratio by 78%. The urban brain is using the artificial intelligence technology of the sky to realize the dynamic optimization of the traffic signal throughout the city, saving valuable time for each driver and passenger, and improving the average traffic speed of the whole city. Tianguo Intelligent Go has surpassed the world championship level of Go, gradually began to provide Go training and education, and has established a good cooperative relationship with Chess and Professional Go School.The company is headquartered in Shanghai, with branches in Hangzhou and Guangzhou. The start-up members come from Shanghai Jiaotong University, China University of Science and Technology, Fudan University, Zhejiang University, Harbin Institute of Technology, Wuhan University, European Telecommunications College and other institutions of higher learning at home and abroad, as well as industry elites from Microsoft, IBM, Baidu, Alibaba and other companies. ; Has many years of experience in related machine learning, artificial intelligence research, and technology research and development.
  • Xianghuanji — Xianghuanji is a Cell phone rental service platform based in Shanghai.
  • Meiliche — Meiliche Financial is a Chinese platform that provides financial services for secondhand car. It is the automotive finance spinout of online lender, Meili.
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Shenzhen Weiyue Creative Investment
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Platforms startups

Shenzhen Weiyue Creative Investment engaged in investment consulting.

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Investment focus

  • Industry: Android, Animation, Mobile Apps
  • Stage:Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 4
  • Round size: Series A $3.1M–$4.3M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Zhunle — Zhunle is a constellation emotion prediction analysis app.
  • ERACARTOON — ERACARTOON provides animation, film and tv production services.
  • Skylimit Entertainment Group — Sky Limit Entertainment Group is committed to creating the ultimate immersive social entertainment experience with VR.
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Chuxin Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Platforms startups, 13 in the past 12 months

Chuxin Capital is an early-stage fund that actively deploys emerging formats centered on technology and consumption upgrades. It specializes in early-stage investments into companies within the enterprise services, technology, entertainment, and consumer products and services industries.Chuxin Capital was established in 2015 and is headquarteredin Beijing, China.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Angel, Seed, Series A
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 88
  • Round size: Seed $1M–$14M; Angel $456k–$14M; Series A $1.1M–$40M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2019

Portfolio highlights

  • Xspark AI — Xspark AI operates a physical intelligence model centered on developing trusted embodied artificial intelligence and robotics technologies. The company provides a core physical intelligence system built on an architecture that integrates multispectral tactile sensing with data infrastructure. This modular solution integrates into existing robothardware or deploys independently to deliver reliable execution and safe decision-making across dynamic operational environments. By combining task understanding, generative training data, and a systematic evaluation platform, the entity bridges the functional gap between digital models and physical deployment.
  • D-Robotics — D-Robotics is a leading provider of robotic computing solutions.
  • Xunlu Innovation — Xunlu Innovation is a cutting-edge bicycle manufacturer based in Shenzhen, China, specializing in intelligent electric cargo bikes designed to meet modern urban mobility needs.
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Shenzhen Capital Group
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Platforms 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: 645
  • Round size: Seed $1.4M–$29M; Series A $1.6M–$122M; Series B $4.9M–$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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Luminous Ventures (former Lightspeed China Partners)
VC Fund · Shanghai, Shanghai, China · 1 investments in China Platforms startups

Lightspeed China Partners was founded in 2011 as an independent venture capital group and began operating as Luminous Ventures in November 2025. Luminous Ventures is a leading venture capital firm serving entrepreneurs as a lead investor in early stage and emerging growth companies. It has offices in Shanghai,Beijing and Hong Kong.

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Investment focus

  • Industry: Manufacturing, Internet, Robotics
  • Stage:Series A, Series B, Seed
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 196
  • Round size: Seed $4M–$28M; Series A $3M–$86M; Series B $10M–$110M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely actively investing — fresh fund, raised $460M in 2026

Portfolio highlights

  • Sharpa — Sharpa is an AI robotics company dedicated to developing ultra-high performance robots and core components. We Manufacture Time by Making Robots Useful.
  • Extreme shell technology — Extreme shell technology helps in creation and development of exoskeleton equipment for consumers. It uses data to drive exoskeleton innovation.
  • Reverse Matrix Technology — Reverse Matrix Technology focuses on the research and development of technologies that combine fundamental world models, enabling advanced simulations, intelligent systems, and data-driven insights to better understand complex environments and support next-generation innovation across industries.
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CASVC
VC Fund · Beijing, Beijing, China · 1 investments in China Platforms startups

<p>CASVC is investing in early and middle-term projects of cutting-edge technology.

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Investment focus

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

Investor stats

  • Total investments: 30
  • Lead/follow: no public data

Portfolio highlights

  • ICT Developer — ICT Developer is a domestic green and sustainable fuel company.
  • CAS New Intelligence — Guoke Xinzhi Technology Development is a technology-based enterprise integrating medical device research and development, production, sales and leasing.
  • UniXell Biotechnology — Yuesai Biotechnology is a new-generation cell therapy drug developer, focusing on the development of a new generation of cell therapy drugs.
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CPE
VC Fund · Beijing, Beijing, China · 1 investments in China Platforms startups

CPE is a leading alternative asset manager, with asset classes spanning private equity, mezzanine and the public market. Founded in 2008 by a world class team of investment professionals and supported by over 200 domestic and international investors, CPE knows China like no one else and is a globally minded long-term value investor. The firm usesits sector expertise to generate deal flow and drive the value creation work during the post-investment stage. CPE follows a disciplined investment approach to preserve and grow its investors’ capital. The firm’s private equity portfolio of more than 100 companies is highly diversified by sector and stage of investment. CPE takes pride in its forward-looking investment philosophy and works hard to create value over the long-term for its investors and a better world. For more information, please visit www.citicpe.com.

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Investment focus

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

Investor stats

  • Total investments: 108
  • Round size: Series A $2.8M–$1B; Series B $12M–$286M; Series C $38M–$400M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $70M in 2022

Portfolio highlights

  • ModelBest — Mianbi Smart enables large-scale model acceleration and application execution using artificial intelligence.
  • Sangon Biotech — Sangon Biotech Co. (生工生物) is engaged in the research and development of chemical synthesis of DNA.It is a high-tech Sino-foreign joint venture established in 2003. After ten years of development, Sangon has become a professional biotechnology company that integrates research and development. Chemical synthesis DNA earned reputation for Sangonin the global market.In 2006, Sangon invested 50 million to build a manufacturing and industrial base in Songjiang Industrial Park, which has been put into use. Sangon produces various products such as DNA synthesis, DNA sequencing, Gene Synthesis, peptide synthesis, chemical agents, enzymes, molecular biology kit, cultivation medium, lab consumptive material, and miniature instruments.
  • Orange Connex Global UK Limited — Orange Connex Global UK Limited is a technology-led fourth-party logistics provider (4PL) to enable global supply chains.
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