Hillhouse Investment
VC Fund
Changyang, China
Hillhouse Investment is a VC fund in Changyang focused on Biotechnology and Health Care. Founded in 2005, Hillhouse is a leading global investment management firm, active across public equity, private equity, real estate and private credit. The firm invests over a long-term horizon and partners with exceptional entrepreneurs to deliver sustainable value creation for quality companies.Hillhouse is a full life-cycle private equityfirm, investing for the long term across opportunities in the healthcare, business services, consumer, and industrials sectors. The firm manages capital on behalf of global institutions such as non-profit foundations, endowments, and pensions.
- Total investments:
- 331
- Last investment:
- Lead investor:
- 38%
- Fund size:
- $11B
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Hillhouse Investment invests in
Stages Hillhouse Investment invests in
Countries Hillhouse Investment invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 10 contacts → | |||
Round size
- Series A
- $2.9M–$165M
- Series B
- $15M–$230M
- Series C
- $15M–$220M
Investment Focus
Industry
- Biotechnology 56 (17%)
- Health Care 46 (14%)
- Software 40 (12%)
- Medical 35 (11%)
- Manufacturing 34 (10%)
Stage
- Series B 83 (25%)
- Series A 73 (22%)
- Series C 46 (14%)
- Seed 30 (9%)
- Series D 22 (7%)
Country
- China 210 (63%)
- United States 24 (7%)
- Singapore 7 (2%)
- India 5 (2%)
- Hong Kong 5 (2%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Zhang Lei
Chairman, Founder, CEO
|
Chairman, Founder, CEO | Total investments: 4 | Find email | |
|
David Rhee
Partner
|
Partner | Total investments: 16 | Find email | |
Ed Zhang
Venture Partner, HH Bioventure
|
Venture Partner, HH Bioventure | Total investments: 0 | Find email | |
|
Huang Liming
Partner
|
Partner | Total investments: 9 | Find email | |
|
Li Qiang
Operating GM
|
Operating GM | Total investments: 6 | Find email | |
| See all 10 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
|
Vita Dynamics
|
Vita Dynamics involves learning through real-world interactions by developing robots that can physically engage with their environment, they can adapt more naturally and efficiently. | $13.8M / Seed / Mar 21, 2025 | |
| Horizon Continental Technology is a joint venture between Continental Group and Horizon Robotics | Angel / Mar 12, 2025 | ||
| Sainte is a company which provides professional nutritional solutions for babies with different nutritional needs | $54.9M / Series B / Feb 27, 2025 | ||
| ZJeagles Comsemi is the designer and producer of optical communication chips designed for data centers and other industrial applications. | $41.4M / Series B / Jan 24, 2025 | ||
|
Vita Dynamics
|
Vita Dynamics involves learning through real-world interactions by developing robots that can physically engage with their environment, they can adapt more naturally and efficiently. | $13.8M / Seed / Jan 22, 2025 | |
| Dinii is a mobile order platform for take-out shops. | $51.5M / Series B / Sep 25, 2024 | ||
| Ascentium emphasizes innovation, support, and strategic guidance and it focus on enabling success and prosperity. | Seed / Sep 24, 2024 | ||
Xingmai Innovation
|
Xingmai Innovation creates, develops, and sells intelligent swimming pool cleaning robots. | Series A / Sep 19, 2024 | |
| Third Arc Bio is a biotech company developing multifunctional antibodies for inflammatory and immunology diseases. Its drug development engine delivers superior biologics optimized to create T-cell engagement by leveraging two technologies that power a pipeline of high-value therapeutics – a solid tumor synergy platform and an I&I platformthat offers a novel approach to precision immune regulation at a tissue-specific level to achieve superior efficacy and safety. | $165M / Series A / Jul 23, 2024 | ||
| Xiaohongshu is a lifestyle-sharing platform for users to share positive energy and good life through the sharing of text, pictures, and videos. Xiaohongshu offers an overseas shopping tip app. Xiaohongshu started its business by helping overseas travelers to draft a shopping list before they hit the roads. But with the aggregation of more UGCcontent, the service is transforming into a community for those who are passionate about fashion and shopping and want to know more about these fields even though they do not have overseas traveling plans on their schedules. | Secondary Market / Jul 11, 2024 | ||
| See all 331 investments → | |||
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FAQ
What does Hillhouse Investment invest in?
Hillhouse Investment invests primarily in Biotechnology, Health Care and Software startups, most often at Series B and Series A stage. Most of the 331 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does Hillhouse Investment invest in?
Hillhouse Investment typically joins rounds of $2.9M–$165M at Series A, $15M–$230M at Series B and $15M–$220M at Series C. These are whole funding-round sizes, not Hillhouse Investment's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Hillhouse Investment took part in.
How do I contact Hillhouse Investment?
Public channels for Hillhouse Investment include LinkedIn, the website linked on this profile and Facebook. 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 Hillhouse Investment?
The team at Hillhouse Investment includes Zhang Lei (Chairman, Founder, CEO), David Rhee (Partner) and Ed Zhang (Venture Partner, HH Bioventure), among 10 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 Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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