National SME Development Fund
VC Fund
Shenzhen, China
National SME Development Fund is a VC fund in Shenzhen focused on Health Care and Information Technology. China set up a special fund of RMB60 billion (US$9.4 billion) to support small and medium-size enterprises (SMEs) in the country. This fund, under a public–private partnership structure, will focus on providing early-stage and growth capital to small and medium-size enterprise across China.Shenzhen Capital Group, which won the mandate tomanage the vehicle after winning a public auction, has established a new team to manage the fund. The members of this team are not allowed to work for the company's other funds.The national small and medium-size enterprises development fund will operate independently, free from government influences, says the reports.
- Total investments:
- 38
- Last investment:
- Lead investor:
- 47%
- Fund size:
- $912M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries National SME Development Fund invests in
Stages National SME Development Fund invests in
Countries National SME Development Fund invests in
Round sizes
Round size
- Series A
- $2.9M–$20M
- Series B
- $3M–$63M
Investment Focus
Industry
- Health Care 4 (11%)
- Information Technology 4 (11%)
- Manufacturing 3 (8%)
- Mobile 2 (5%)
- Software 2 (5%)
Stage
- Series A 7 (18%)
- Series B 7 (18%)
- Series C 2 (5%)
- Series E 2 (5%)
- Series D 1 (3%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
SpeedBot
|
SpeedBot is positioned as: the most powerful visual brain for 3D visual perception and robot flexible control in complex scenes for logistics, intelligent manufacturing, new retail, big health, etc.; providing low cost and high efficiency for robot complex interactive scenes 3D visual algorithm, end-of-line software and hardware integration,general vision computing platform services. | $14.7M / Series B / Jun 29, 2026 | |
Technological Innovation
|
Technological Innovation is a provider of brain-computer interface (BCI) technology research and development, as well as application services. | $23M / Series B / Jan 16, 2026 | |
|
Proviva Therapeutics, Inc
|
Prodrug design platform for cytokines and other fusion proteins | $30M / Series A / Dec 01, 2025 | |
| PIX Moving is a city robotics company powered by Physical AI. Through a RaaS (Robot as a Service) subscription model, it provides cities with services centered around “mobile spaces”.Unlike traditional autonomous driving business models, PIX approaches autonomy from its end-state vision. It pioneered the definition of a new category of cityrobots -“Autonomous Mobile Spaces”, which not only address daily mobility needs but also provide dynamic space services, making autonomous mobility more than just means of transportation.PIX’s core products, including RoboBus, RoboTaxi, RoboShop, and RoboVan, are essentially city robots with spatial form. Built on a modular robotic chassis platform, they transcend the cabin limitations of conventional vehicles and can be flexibly configured for mobile retail, café spaces, office pods, or shared mobility units based on city needs. | Series B / Dec 30, 2024 | ||
| Golytec Automation is an intelligent automated manufacturing company that provides and supplies flexible magnetic levitation technology solutions. | Venture - Series Unknown / Jan 11, 2024 | ||
| Insgeek is a one-stop service platform for corporate employee welfare insurance and health management. It is committed to providing intelligent employee benefits insurance and health management solutions through technological innovation. It integrates the products of various insurance companies, covering accidents, female births, and criticalillnesses, and provide a variety of cost-effective protection combinations.Founded in 2014, the company is headquartered in Beijing, China and currently has branches in Shanghai, Guangzhou, Wuhan, Xi'an, and other places, covering the whole country. | Series D / Sep 22, 2022 | ||
| Newlink Group is a provider of technology platforms and tech-enabled services to the energy value chain, principally serving gas and EV charging stations. The Company's broad offering of digital solutions include targeted online marketing tools, cloud-based SaaS systems and supply chain solutions that help merchants drive incremental sales,reduce cost, manage operations and grow profits. The company aims to improve the efficiencies across the value chain and transform the multi-trillion energy industry in the backdrop of China's policy commitment to achieving a carbon-neutral and environmentally friendly society. | Series E / Jan 27, 2022 | ||
| Azimuth is a Provider of integrated indoor and outdoor positioning and navigation services are committed to creating seamless, unified positioning platforms by connecting indoor systems with outdoor satellite navigation. These systems aim to provide high-precision positioning and navigation timing. | $15.7M / Seed / Dec 01, 2021 | ||
| Teyi Technology is mainly engaged in the R&D, production and sales of optical testing equipment for LCD panels, OLED panels, Micro-OLED panels and Mini/Micro-LED panels. | $15.5M / Series A / Aug 03, 2021 | ||
| LandSpace is a Chinese company engaged in the development and operation of rockets. Focusing on the small and medium-sized commercial aerospace application market, the company is committed to the development of liquid fuel rocket engines and commercial launch vehicles with independent intellectual property rights. It designs, manufactures, andtests products with highly integrated design capabilities and stand-alone innovation capabilities. The company is a member of the International Astronautical Federation (IAF) and a national high-tech enterprise. It is based in Beijing, China | $175.6M / Series C / Sep 09, 2020 | ||
| See all 38 investments → | |||
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FAQ
What does National SME Development Fund invest in?
National SME Development Fund invests primarily in Health Care, Information Technology and Manufacturing startups, most often at Series A and Series B stage. Most of the 38 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 National SME Development Fund invest in?
National SME Development Fund typically joins rounds of $2.9M–$20M at Series A and $3M–$63M at Series B. These are whole funding-round sizes, not National SME Development Fund's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds National SME Development Fund took part in.
When did National SME Development Fund last invest?
The most recent investment recorded for National SME Development Fund closed in Jun 2026. Shizune tracks 38 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 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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