# Co-Stone Venture Capital

> Co-Stone Venture Capital is a VC fund backing Manufacturing. See 174 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Shenzhen, China
- Total investments: 174
- Last investment: Jul 2026
- Lead investor: 26%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/stonevc/about/
- Website: http://en.stonevc.com/

Co-Stone Venture Capital is a VC fund in Shenzhen focused on Manufacturing and Semiconductor. Co-Stone Capital is a leading China based private equity firm headquartered in Shenzhen. Founded more than 16 years ago, Co-Stone is one of China's earliest private equity institutions. Co-Stone Capital focuses primarily on China domestic growth stage and Pre-IPO opportunities, basing investment decisions on a deep understanding of the Chineseeconomy and company specific growth patterns. We put heavy emphasis on stable growth in key industries, including TMT, healthcare, consumer products & services and advanced manufacturing. Co-Stone Capital approaches the capital markets with broad vision but detailed focus, maintaining an emphasis on value-adding services. We have invested in over 100 companies, the majority of which were lead investments and have successfully exited from 40 companies through IPO, M&A or reverse mergers. Our exit rates and ROI are far in excess of industry averages. Co-Stone Capital has assets under management in excess of 40 billion RMB, across funds covering private equity, venture capital, PIPE, M&A and fixed income. Co-Stone has a diverse capital base, with LPs ranging across large insurance groups, government guided funds, funds of funds, large corporations, entrepreneurs and high net worth individuals. Co-Stone Capital has received numerous accolades from Forbes, Zero2IPO,ChinaVenture and other industry publications which consistently rank us in the top 10. Co-Stone Capital is headquartered in Shenzhen, with offices in Beijing，Shanghai and Hefei.

## Contacts

5 contacts available for Co-Stone Venture Capital. Shizune tracks 1 team members at Co-Stone Venture Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/co-stone-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $1.4M–$85M |
| Series B | $14M–$251M |
| Series C | $4.3M–$310M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 38 | 22% |
| Semiconductor | 19 | 11% |
| Artificial Intelligence | 16 | 9% |
| Health Care | 15 | 9% |
| Software | 14 | 8% |

123 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 38 | 22% |
| Series B | 37 | 21% |
| Series C | 19 | 11% |
| Funding Round | 18 | 10% |
| Seed | 9 | 5% |

11 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 130 | 75% |
| United States | 2 | 1% |
| Hong Kong | 1 | 1% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Wang Qiwen | CEO | 1 | https://shizune.co/investors/profile/wang-qiwen |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Zhuji Dynamics | Zhuji Dynamics is a general-purpose footed robot company that focuses on the R&D and manufacturing of sports intelligence and footed robots | $200M | Venture - Series Unknown | Jul 13, 2026 |  |
| LimX Dynamics | Zhuji Dynamics is a general-purpose footed robot company that focuses on the R&D and manufacturing of sports intelligence and footed robots | $200M | Venture - Series Unknown | Jul 13, 2026 |  |
| VAST | VAST is an artificial intelligence business that develops and manufactures general-purpose 3D big models. Its goal is to develop a popular 3D content production tool, a 3D user-generated content platform, and utilize 3D space to enhance user experience. | $147.3M | Series A | Jul 02, 2026 |  |
| Volant Aerotech | Volant Aerotech is a company specializing in the R&D, manufacturing, and service of passenger eVTOL, an electric vertical take-off and landing aircraft. | $147.4M | Series C | May 27, 2026 |  |
| Yushi Space | Yushi Space is a liquid rocket developer that focuses on the development and manufacture of large-capacity, low-cost and rapidly reusable liquid rockets. | $73.4M | Series A | May 18, 2026 |  |
| Ouye Semiconductor | Ouye Semiconductor is a supplier of smart automotive chips and solutions. |  | Series C | May 05, 2026 |  |
| New Radiomedicine Technology | Chengdu New Radiomedicine Technology Co.,Ltd. is a Chinese medical isotopes provider. Our business covers research, manufacture and sales for medical isotopes and products. We provide services for malignant tumor diagnosis and treatments and radionuclides medicine technology support and consulting.In April 2016, the company was founded bythree co-founders experienced in radionuclides research and development. Jihui Qian, former President of Nuclear Power Institute of China (NPIC), former Deputy Director-General of International Atomic Energy Agency (IAEA); Maoliang Li, former Director of Chengdu Isotopes Institute of NPIC; and Jiming Cai, former Vice President of Sichuan Institute of Atomic Energy.The company is located in Western Airport Development District, Shuangliu, Chengdu, with an area of 71 Are, registered capital of 32.83 million CNY, and total investment of 300 million CNY. The project is listed as "Annual Key Investment Projects of Sichuan Province and Chengdu City in 2017, 2018 and 2019". At present, the company has over 80 employees, with more than 60 R&D specialists, including 1 academician of Chinese Academy of Engineering, 2 experts of Thousand Talent Project, 2 academic and technical leaders from Sichuan province, 10 researchers (associate researchers), and more than 20 people with middle or senior titles. Among them, there are 6 PhDs and over 30 graduates. The proportion of R&D staff has reached 70%, making CNRT the most innovative technology enterprise in the radiopharmaceutical industry in China. | $145.4M | Series E | Apr 03, 2026 |  |
| SpinQ Technology | SpinQ Technology develops superconducting chip quantum computers, desktop nuclear magnetic resonance quantum computers, and quantum computing-related software. | $87.2M | Series C | Apr 03, 2026 |  |
| 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. | $14.5M | Series B | Mar 26, 2026 |  |
| CODE 27 | CODE 27 develops software solutions focused on digital platforms, data systems, and custom technology applications. | $10M | Seed | Mar 18, 2026 |  |

10 of 174 investments shown.

## Co-investors
- [Green Pine Capital Partners](https://shizune.co/investors/profile/green-pine-capital-partners) — VC Fund, 14 deals together
- [CDH Investments](https://shizune.co/investors/profile/cdh-investments) — VC Fund, 9 deals together
- [IDG Capital](https://shizune.co/investors/profile/idg-capital-partners) — VC Fund, 8 deals together
- [Nanshan War Xintou](https://shizune.co/investors/profile/nanshan-war-xintou) — VC Fund, 8 deals together
- [Cornerstone Capital](https://shizune.co/investors/profile/cornerstone-capital-6cb9) — VC Fund, 7 deals together
- [Addor Capital](https://shizune.co/investors/profile/addor-capital) — VC Fund, 6 deals together

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## FAQ

### What does Co-Stone Venture Capital invest in?

Co-Stone Venture Capital invests primarily in Manufacturing, Semiconductor and Artificial Intelligence startups, most often at Series A and Series B stage. Most of the 174 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Co-Stone Venture Capital's check size?

Co-Stone Venture Capital typically joins rounds of $1.4M–$85M at Series A, $14M–$251M at Series B and $4.3M–$310M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Co-Stone Venture Capital participates in.

### How do I contact Co-Stone Venture Capital?

Public channels for Co-Stone Venture Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Co-Stone Venture Capital?

The team at Co-Stone Venture Capital includes Wang Qiwen (CEO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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