# Mulan Investment

> Mulan Investment is a VC fund in Beijing backing Software, Semiconductor and Industrial Automation. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Beijing, China
- Total investments: 3
- Last investment: Jun 2025
- Lead investor: 33%
- Last updated: Aug 2026

Mulan Investment is a venture capital firm that focuses to make investments in industries like commercial real estate, healthcare, etc.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 1 | 33% |
| Semiconductor | 1 | 33% |
| Industrial Automation | 1 | 33% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 33% |
| Series A | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Philoong | Philoong is a high-tech semiconductor chip design business focused on the research, development, and sale of high-performance, high-quality analog/mixed-signal integrated circuits. |  | Series A | Jun 04, 2025 |  |
| Hejian | Hejian Industrial Software is a high-performance industrial software and solution provider. With EDA (Electronic Design Automation) as the first breakthrough direction, it is committed to helping semiconductor chip companies solve the severe challenges they face in the process of innovation and development. Challenges and key issues. | $164.5M | Seed | Jun 01, 2022 |  |
| Hejian | Hejian Industrial Software is a high-performance industrial software and solution provider. With EDA (Electronic Design Automation) as the first breakthrough direction, it is committed to helping semiconductor chip companies solve the severe challenges they face in the process of innovation and development. Challenges and key issues. | $266M | Seed | Nov 23, 2021 |  |

3 of 3 investments shown.

## Co-investors
- [Summitview Capital](https://shizune.co/investors/profile/summitview-capital) — VC Fund, 2 deals together
- [CAS Investment Management](https://shizune.co/investors/profile/cas-investment-management) — VC Fund, 1 deal together
- Chengdu Zhuosheng Microelectronics — VC Fund, 1 deal together
- [China Integrated Circuit Industry Investment Fund (CICF)](https://shizune.co/investors/profile/china-integrated-circuit-industry-investment-fund-cicf) — VC Fund, 1 deal together
- [China Internet Investment Fund](https://shizune.co/investors/profile/china-internet-investment-fund) — VC Fund, 1 deal together
- Feixiang Capital — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Mulan Investment invest in?

Mulan Investment invests primarily in Software, Semiconductor and Industrial Automation startups, most often at Seed and Series A stage. Most of the 3 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Mulan Investment last invest?

The most recent investment recorded for Mulan Investment closed in Jun 2025. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co