F&G Venture
VC Fund
Shanghai, China
F&G Venture is a VC fund in Shanghai focused on Manufacturing and Software. Established in September 2012 by the former rotating CEO of Huawei and partner of Fidelity Asia, F&G Venture is a venture capital fund focusing on companies with exponential growth in IT industries, like IT infrastructure, cloud computing, internet of things, SaaS, big data, microchip, and semi-conductor etc. F&G Venture also targetshigh-end manufacturing businesses, including modules, intelligence devices and equipment, robots, and drones.
- Total investments:
- 69
- Last investment:
- Lead investor:
- 41%
Last updated:
For AI agents: llms.txt
Industries F&G Venture invests in
Stages F&G Venture invests in
Countries F&G Venture invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $1.8M–$65M
- Series A
- $6.4M–$45M
- Series B
- $14M–$79M
Investment Focus
Industry
- Manufacturing 12 (17%)
- Software 11 (16%)
- Information Technology 10 (14%)
- Robotics 9 (13%)
- Automotive 5 (7%)
Stage
- Series A 18 (26%)
- Series B 18 (26%)
- Seed 5 (7%)
- Funding Round 5 (7%)
- Series C 4 (6%)
Country
- China 45 (65%)
- United States 3 (4%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Steve Hong
Managing Partner & Co-Founder
|
Managing Partner & Co-Founder | Total investments: 0 | Find email | |
|
Yu Qian
Co-Founder & Managing Partner
|
Co-Founder & Managing Partner | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
|
Yongquan Innovation
|
Yongquan Innovation is a technological firm that specializes in sophisticated desktop CNC machinery. | Seed / Aug 24, 2026 | |
| Ruilai Thermal is a high-tech enterprise specializing in the research, development, production, and sales of thermal control technology,hermal management services, and related products. The company currently holds numerous patents. It has established academic cooperation projects with many domestic research institutes, ensuring a continuous streamof leading products to domestic and international markets. | Series A / Aug 24, 2026 | ||
| Garen Semiconductor focuses on the R&D, production and sales of semiconductor materials (such as gallium oxide). | Series A / Aug 13, 2026 | ||
|
Hanfa Changkong
|
Hanfa Changkong is a developer of civilian small and medium-power aircraft engines, precisely targeting the domestic civilian low- and medium-altitude aviation propulsion market | $14.8M / Seed / Jul 16, 2026 | |
| Zero Gravity Aircraft Industry is engaged in the R&D and manufacturing of eVTOL aircraft. | $74M / Series B / Jun 17, 2026 | ||
| SuperMo Technology focuses on developing key semiconductor technologies, including UCIe interconnect IP and general-purpose CPU chiplets, enabling high-performance, scalable, and energy-efficient computing solutions for next-generation chip architectures. | $45.1M / Series A / Jun 03, 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. | $200M / Series A / Jun 01, 2026 | |
|
Guangyu Yuanxin
|
Guangyu Yuanxin is a semiconductor technology service provider that specializes in offering ultra-high precision display screen services for metaverse HMI devices like AR and VR. | $14.8M / Seed / Jun 01, 2026 | |
| Ligong Huahui focuses on the development and application of humanoid robots and their core components. | $14.7M / Venture - Series Unknown / May 26, 2026 | ||
| Lanqi Intelligent Technology develops robots and tools for underwater engineering, focusing on special operations and maintenance. | Series A / Apr 28, 2026 | ||
| See all 69 investments → | |||
Co-Investors
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FAQ
What does F&G Venture invest in?
F&G Venture invests primarily in Manufacturing, Software and Information Technology startups, most often at Series A and Series B stage. Most of the 69 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is F&G Venture's check size?
F&G Venture typically joins rounds of $1.8M–$65M at Seed, $6.4M–$45M at Series A and $14M–$79M 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 F&G Venture participates in.
How do I contact F&G Venture?
Public channels for F&G Venture include 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 F&G Venture?
The team at F&G Venture includes Steve Hong (Managing Partner & Co-Founder) and Yu Qian (Co-Founder & Managing Partner). 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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