HSG
VC Fund
Hong Kong, Hong Kong
HSG is a VC fund in Hong Kong focused on Artificial Intelligence and Biotechnology. HSG, formerly known as Sequoia Capital China, is a leading venture capital and private equity firm investing globally in the technology, healthcare, and consumer sectors. With offices in Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, HSG manages over 55 billion USD in assets across various funds for top institutionalinvestors.Founded in 2005, HSG has nurtured entrepreneurship and innovation, backing more than 1,500 companies with transformative technologies, disruptive business models, and high-growth potential. To date, more than 160 HSG portfolio companies have listed on public stock exchanges, while over 140 private portfolio companies have reached unicorn status.Throughout the past two decades, HSG has evolved into a fully integrated investment platform spanning seed, venture, growth, buyout, and infrastructure investing, as well as public equities investment.HSG is committed to helping founders and companies build legendary companies that endure while consistently generating superior returns for our limited partners. By partnering with HSG, companies benefit from HSG’s extensive resources, including a robust entrepreneurial community and industry expertise.
- Total investments:
- 1019
- Last investment:
- Lead investor:
- 44%
- Fund size:
- $2.5B
- Last fund:
Last updated:
For AI agents: llms.txt
Industries HSG invests in
Stages HSG invests in
Countries HSG invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 10 contacts → | |||
Round size
- Seed
- $2M–$50M
- Series A
- $3.1M–$100M
- Series B
- $11M–$226M
Investment Focus
Industry
- Artificial Intelligence 20 (2%)
- Biotechnology 15 (1%)
- Software 14 (1%)
- Manufacturing 13 (1%)
- Information Technology 12 (1%)
Stage
- Series B 27 (3%)
- Series A 25 (2%)
- Seed 23 (2%)
- Series C 10 (1%)
- Series D 9 (1%)
Country
- China 51 (5%)
- United States 19 (2%)
- Australia 4 (0%)
- Hong Kong 4 (0%)
- Singapore 4 (0%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Reggie Zhang
Partner
|
Partner | Total investments: 0 | Find email | |
Cen Wang
Partner
|
Partner | Total investments: 4 | Find email | |
Cherry Lu
Partner
|
Partner | Total investments: 0 | Find email | |
Enita Pu
Partner
|
Partner | Total investments: 0 | Find email | |
Eva Ip
CFO
|
CFO | Total investments: 0 | Find email | |
| See all 10 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Tabby
|
tabby provides consumers across the GCC with the flexibility to pay for their online and in-store purchases in interest-free installments. tabby helps over 2,000 leading retailers grow their sales. | $233M / Series F / Sep 14, 2026 | |
NestWorks
|
NestWorks is a consumer-grade desktop CNC company. It is incubated by Elephant Robotics. | Angel / Sep 01, 2026 | |
Clipto.AI
|
Clipto.AI develops on-device multimodal AI software focused on video, audio, and image content. The platform provides digital asset management, AI transcription, speaker and face recognition, and description-based search to organize and locate media. Clipto.AI supports creators, podcasters, video teams, and enterprises that work with large medialibraries. Its tools assist with media organization, content repurposing, and streamlined editing workflows while keeping processing on user-controlled devices. | $15M / Venture - Series Unknown / Aug 31, 2026 | |
|
Xuying Technology
|
Xuying Technology mainly focuses on the development of artificial intelligence application software and the research and development of electronic special materials, and is also involved in the manufacturing of wearable smart devices | Angel / Aug 21, 2026 | |
|
Mifeng Technology
|
Mifeng Technology provides an embodied intelligence data platform for AI and robotics applications. | Seed / Aug 17, 2026 | |
Zhang Xue Motorcycle
|
Zhang Xue Motorcycle is a domestic motorcycle manufacturer. | $22.2M / Venture - Series Unknown / Aug 13, 2026 | |
|
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. | Seed / Jul 31, 2026 | |
Beilian Zhuguan
|
Beilian Zhuguan offers ToB technology services to users in order to help them reduce IT resource expenses through technical techniques. | $14.8M / Series A / Jul 28, 2026 | |
|
Yuzhou Technology
|
Yuzhou Technology is focused on developing a global AI-powered video creation platform. Conversational agent technology automates the whole production process, from concept and scriptwriting to storyboarding and final cut, with a particular focus on addressing issues in narrative coherence and character consistency. | $80M / Angel / Jul 22, 2026 | |
Flova Tech
|
Flova Tech is an artificial intelligence software company that provides cinema-grade video creation tools. The company offers an all-in-one conversational video production platform that orchestrates multiple generative models for scriptwriting, character design, storyboarding, audio, and final video output. Its system uses standardized cinematicdirecting logic to structure creative workflows from text prompts into multi-scene films, music videos, and commercial content. Flova Tech enables detailed control over pacing, camera movements, and shot continuity while reducing randomness common in generative video tools. The platform includes timeline automation, character persistence, and asset mapping capabilities that help creators manage complex projects. It is designed for independent filmmakers, creators, marketers, and studios who need an integrated environment for AI-assisted production. | $80M / Angel / Jul 22, 2026 | |
| See all 1019 investments → | |||
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FAQ
What does HSG invest in?
HSG invests primarily in Artificial Intelligence, Biotechnology and Software startups, most often at Series B and Series A stage. Most of the 1,019 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is HSG's check size?
HSG typically joins rounds of $2M–$50M at Seed, $3.1M–$100M at Series A and $11M–$226M 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 HSG participates in.
How do I contact HSG?
Public channels for HSG 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 HSG?
The team at HSG includes Reggie Zhang (Partner), Cen Wang (Partner) and Cherry Lu (Partner), 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 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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