# Cowin Capital

> Cowin Capital is a VC fund in Shenzhen backing Manufacturing and Health Care. See 329 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Shenzhen, China
- Total investments: 329
- Last investment: Jul 2026
- Lead investor: 47%
- Fund size: $75M
- Last fund: Oct 2014
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/cowin-capital/
- Website: http://cowincapital.com.cn/

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

## Contacts

5 contacts available for Cowin Capital. Shizune tracks 21 team members at Cowin Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/cowin-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.4M–$20M |
| Series A | $4.3M–$51M |
| Series B | $2.8M–$50M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 71 | 22% |
| Health Care | 25 | 8% |
| Biotechnology | 21 | 6% |
| Semiconductor | 21 | 6% |
| Robotics | 20 | 6% |

159 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 92 | 28% |
| Series B | 51 | 16% |
| Seed | 45 | 14% |
| Angel | 25 | 8% |
| Series C | 23 | 7% |

12 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 226 | 69% |
| Hong Kong | 3 | 1% |
| United States | 2 | 1% |
| Canada | 1 | 0% |
| France | 1 | 0% |

6 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Cai Weiliang | Partner | 1 | https://shizune.co/investors/profile/cai-weiliang |
| Ding Baoyu | Managing Director, Partner | 1 | https://shizune.co/investors/profile/ding-baoyu |
| Dong Dongdong | Partner | 0 | https://shizune.co/investors/profile/dong-dongdong |
| Dong Ming | Hangzhou Area Partner | 0 | https://shizune.co/investors/profile/dong-ming |
| Huang Li | Founding Partner & CEO | 4 | https://shizune.co/investors/profile/huang-li |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Huachen Core Light | Huachen Core Light is a semiconductor technology company that produces and manufactures optical communications and laser chips. | $14.8M | Series A | Jul 29, 2026 |  |
| Guangyou Xingkong Technology | Guangyou Xingkong Technology specializes in the research, manufacturing, and commercial sale of space-to-earth laser communication hardware. The company develops satellite-borne laser terminals, ground transceiver systems, high-precision optoelectronic devices, and digital signal processing (DSP) chips. By utilizing proprietary mode diversityreception (MDR) technology and dedicated atmospheric channel algorithms, their solution overcomes atmospheric turbulence to maintain stable connectivity. This design provides aerospace operators with high-bandwidth, high-reliability, and low-cost end-to-end data links tailored for megaconstellation satellite deployment. | $14.8M | Seed | Jul 16, 2026 |  |
| Beambox | Beambox is a consumer technology brand that specializes in AI interactive hardware, wearable displays, AI Companions, digital content, and the worldwide youthful consumer market. |  | Angel | Jul 06, 2026 |  |
| Juhe Fusion | Juhe Fusion operates at the cutting edge of clean energy by developing next-generation Field-Reversed Configuration (FRC) magnetic confinement technology. It rapidly captured global industry attention after securing a massive seed and angel funding round backed by tier-one venture firms, including Hillhouse Capital, HongShan, and regionalgovernment investment funds. Unlike traditional, massive tokamak reactors, Juhe Fusion aims to leverage its compact FRC architecture to accelerate the commercial timeline and economic viability of fusion energy. |  | Angel | Jul 01, 2026 |  |
| Polymer Fusion | Polymer Fusion develops FRC pulsed magnetic confinement fusion device. Polymer Fusion provides engineered and standardized domestically produced equipment and complete technical solutions. |  | Angel | Jun 25, 2026 |  |
| Ruilisi | Runice Power Transmission (Suzhou) Co., Ltd specializes in the research, development, production, and sales of core components for 3D printers. The company focuses on creating high-precision machining parts and CNC parts essential for 3D printing technology. It offers a range of products including hot ends, extruders, and transmission systems.Runice serves both domestic and international markets, providing OEM/ODM customization for its components. As a high-tech enterprise, it is dedicated to advancing 3D printing technology through its innovative solutions. | $14.7M | Venture - Series Unknown | Jun 24, 2026 |  |
| Zhizi Chip | Zhizi Chip is a high-performance operator auto-discovery and optimization platform dedicated to redefining the limits of computational efficiency. The platform leverages advanced algorithms and intelligent automation to identify, analyze, and optimize computational operators across diverse hardware and software environments. |  | Seed | Jun 22, 2026 |  |
| Xinhui Aerospace | Xinhui Aerospace is a company specializing in the development and manufacturing of aerospace electric servo systems. It focuses on the research, development, production, sales, and service of electric servo systems specifically for the aerospace sector. |  | Seed | Jun 22, 2026 |  |
| Shanghai Lixin | Lixin specializes in the research and development of full-process tools for the industry. | $44.3M | Series C | Jun 03, 2026 |  |
| Yiqi Future | Yiqi Future is a cutting-edge high-tech company dedicated to the research, development, and innovation of advanced AI-powered physical therapy robots. With a strong focus on integrating artificial intelligence, robotics, and biomedical engineering, the company aims to revolutionize the rehabilitation and healthcare industry by providingintelligent, efficient, and personalized therapeutic solutions. |  | Series A | May 29, 2026 |  |

10 of 329 investments shown.

## Co-investors
- [IDG Capital](https://shizune.co/investors/profile/idg-capital-partners) — VC Fund, 11 deals together
- [Qiming Venture Partners](https://shizune.co/investors/profile/qiming-venture-partners) — VC Fund, 10 deals together
- [Legend Capital](https://shizune.co/investors/profile/legend-capital) — VC Fund, 9 deals together
- [Zhuoyuan Capital](https://shizune.co/investors/profile/zhuoyuan-capital) — VC Fund, 8 deals together
- [Fortune Venture Capital](https://shizune.co/investors/profile/fortune-venture-capital) — VC Fund, 7 deals together
- [Oriza Holdings](https://shizune.co/investors/profile/oriza-holdings) — VC Fund, 7 deals together

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## FAQ

### What does Cowin Capital invest in?

Cowin Capital invests primarily in Manufacturing, Health Care and Biotechnology startups, most often at Series A and Series B stage. Most of the 329 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Cowin Capital's check size?

Cowin Capital typically joins rounds of $1.4M–$20M at Seed, $4.3M–$51M at Series A and $2.8M–$50M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Cowin Capital participates in.

### How do I contact Cowin Capital?

Public channels for Cowin 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 Cowin Capital?

The team at Cowin Capital includes Cai Weiliang (Partner), Ding Baoyu (Managing Director, Partner) and Dong Dongdong (Partner), among 21 team members tracked by Shizune. 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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