# Nuoyan Capital

> Nuoyan Capital is a VC fund in Shanghai backing Manufacturing and Semiconductor. See 26 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Shanghai, China
- Total investments: 26
- Last investment: Feb 2026
- Lead investor: 23%
- Last updated: Aug 2026
- Website: https://www.nuoyancapital.com/

Nuoyan Capital is an investment institution with in-depth research, comprehensive empowerment, and a professional focus. The company carries out the whole industrial chain layout in photovoltaic solar energy, intelligent vehicles, third-generation semiconductors, new materials, and healthcare. It has invested in more than 20 projects and managed 11funds, with a capital scale of over 5 billion since 2017.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 17 | 65% |
| Semiconductor | 9 | 35% |
| Electronics | 6 | 23% |
| Automotive | 4 | 15% |
| Hardware | 3 | 12% |

31 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 5 | 19% |
| Venture - Series Unknown | 5 | 19% |
| Seed | 4 | 15% |
| Angel | 3 | 12% |
| Funding Round | 3 | 12% |

10 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 19 | 73% |
| Belgium | 3 | 12% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Fuzhou Aiyin Technology | Fuzhou AIN Technology is dedicated to the research and development of innovative substrate materials. |  | Series A | Feb 09, 2026 |  |
| Aotian Technology | Aotian Technology is a high-tech enterprise that develops and produces aerospace electric propulsion systems. It is committed to the research and development of high-quality commercial satellites and propulsion systems for various deep space probes, providing global aerospace customers with more efficient, high-quality, and cost-effectivepropulsion system products and services to greatly improve the overall performance and efficiency of orbiters, Make its own contribution to the reduction of ineffective weight and operating costs for global commercial satellites and deep-space probes, so that aerospace power technology can effectively change the way of life and quality of human beings.The company was founded in 2018 and is based in Haidan, Beijing, China. |  | Venture - Series Unknown | Nov 24, 2025 |  |
| Xinyuan New Materials | Xinyuan New Materials is a technology company with high thermal conductivity packaging interconnect materials as its core. The company focuses on the research and development, production, sales and technical services of semiconductor heat dissipation packaging materials represented by nanometal products, and provides high heat dissipation and highreliability solutions for power semiconductor packaging and advanced integrated circuit packaging. |  | Series C | May 29, 2025 |  |
| Presheng | Presheng New Materials is a high-end semiconductor polishing solution provider. The company has extensive technical knowledge of high-end abrasives. Prisheng focuses on the research and development of high-end alumina polishing fluids, polishing abrasives, and other goods. Provider of cost-effective local solutions for third-generation compoundsemiconductor polishing. | $1.4M | Seed | Jun 03, 2024 |  |
| ChangXin Memory Technologies | ChangXin Memory Technologies specializes in manufacturing dynamic random-access memory (DRAM) semiconductor products. | $1.5B | Venture - Series Unknown | Mar 30, 2024 |  |
| GaN Valley | GaN Valley is an industrial manufacturer of semiconductor equipment and devices. |  | Venture - Series Unknown | Jan 01, 2024 |  |
| Pinzhou Technology | Pinzhou Technology focuses on the manufacturing of ultra-high purity stainless steel pipe fittings and research and development. | $14.1M | Series B | Dec 29, 2023 |  |
| IDT Micro | IDT Micro is a microelectronics technology company that specializes in manufacturing and developing automotive-grade analog chips and power switching devices. |  | Angel | Dec 27, 2023 |  |
| Presheng | Presheng New Materials is a high-end semiconductor polishing solution provider. The company has extensive technical knowledge of high-end abrasives. Prisheng focuses on the research and development of high-end alumina polishing fluids, polishing abrasives, and other goods. Provider of cost-effective local solutions for third-generation compoundsemiconductor polishing. |  | Angel | Dec 14, 2023 |  |
| Namei Semiconductor | Namei Semiconductor develops semiconductor probe station technology, and its devices are mostly utilized in the CP testing process following wafer manufacturing and prior to packing. |  | Angel | Oct 31, 2023 |  |

10 of 26 investments shown.

## Co-investors
- [South China Venture Capital](https://shizune.co/investors/profile/south-china-venture-capital) — VC Fund, 4 deals together
- [Shenzhen Capital Group](https://shizune.co/investors/profile/shenzhen-capital-group) — VC Fund, 2 deals together
- [Wuxi Yunlin Fund](https://shizune.co/investors/profile/wuxi-yunlin-fund) — VC Fund, 2 deals together
- [ABS Global Investments](https://shizune.co/investors/profile/abs-investment-management) — VC Fund, 1 deal together
- [Advantage Capital](https://shizune.co/investors/profile/advantage-capital-partners) — VC Fund, 1 deal together
- [An Xin Capital](https://shizune.co/investors/profile/an-xin-capital) — VC Fund, 1 deal together

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## FAQ

### What does Nuoyan Capital invest in?

Nuoyan Capital invests primarily in Manufacturing, Semiconductor and Electronics startups, most often at Series A and Venture - Series Unknown stage. Most of the 26 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Nuoyan Capital last invest?

The most recent investment recorded for Nuoyan Capital closed in Feb 2026. Shizune tracks 26 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.

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