Russia-China Investment Fund
VC Fund
Moscow, Russian Federation
Russia-China Investment Fund is a VC fund in Moscow focused on Internet and Software. The Russia-China Investment Fund (RCIF) is a private equity fund that aims to generate competitive returns by investing in projects that advance bilateral economic cooperation between Russia and China.The Fund was established in June 2012 by two government-backed investment vehicles –the Russian Direct Investment Fund and China InvestmentCorporation (CIC).The fund received $2 billion in commitments from RDIF and CIC in equal share, with up to an additional $2 billion expected to be raised from international institutional investors.RCIF focuses on projects that foster economic cooperation between the two nations and will invest at least 70% of its capital in Russia and CIS countries and up to 30% in China.The Fund’s management team consists of top investment professionals with deep knowledge of the Russian and Chinese markets.
- Total investments:
- 14
- Last investment:
- Lead investor:
- 36%
Last updated:
For AI agents: llms.txt
Industries Russia-China Investment Fund invests in
Stages Russia-China Investment Fund invests in
Countries Russia-China Investment Fund invests in
Round sizes
Round size
- Series C
- $57M–$460M
- Series D
- $71M–$250M
- Series E
- $31M–$70M
Investment Focus
Industry
- Internet 4 (29%)
- Software 4 (29%)
- Education 3 (21%)
- E-Learning 3 (21%)
- Information Technology 3 (21%)
Stage
- Series C 4 (29%)
- Series D 2 (14%)
- Series E 2 (14%)
- Series A 1 (7%)
- Series B 1 (7%)
Country
- China 8 (57%)
- Russian Federation 3 (21%)
- Taiwan 1 (7%)
- Hong Kong 1 (7%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Eruditor Group is an online marketplace provider for freelancers and businesses in sectors including healthcare, beauty, sports and tutoring. It currently operates under several brands, including Infodoctor, Kracemasters and Vash Repetitor, offering services to professionals and businesses in all major cities in Russia, Ukraine and Kazakhstan. | $21.8M / Debt Financing / Jun 03, 2021 | ||
| Biren Technology is a high-tech startup that has the niche in softwares, hardwares, and chip system.The niche software department is led by the industry's top talents, composed of field technical experts and software elite engineers. The niche hardware department is committed to building a wide range of computing solutions based on generalcomputing, combining versatility and specificity.As a frontier research department of the niches, the Institute aims to study the key technologies of new intelligent computing systems, focusing on new architectures and advanced compilation technologies. | Series B / Mar 30, 2021 | ||
| Algorithmics combines offline and online learning in programming classes for children from 6 to 17 years old. At Algorithmics, they help children to make their first steps in STEM. Their students create video games, cartoons, and IT projects. They acquire critical thinking and logical reasoning skills, presentation and project planning skills,teamwork, and more. No matter who they will become, children will take advantage of what they learn with them. At Algorithmics, we want children to learn skills that will help them in the future, no matter what profession they chose later. The school offers courses where children learn creative and logical thinking, the ability to work in teams, and much more in an exciting and playful way. | $10M / Series A / Feb 24, 2021 | ||
| MiningLamp (Chinese: 明略数据) is a fast-growing startup aiming to provide enterprises with big data solutions. It is committed to exploring the next generation of artificial intelligence technology in the industry with high knowledge and management complexity. The company helps clients to build their own knowledge graphs, then apply ArtificialIntelligence to their business, and finally transform data into insights.It connects perceptual and cognitive intelligence, and connect the wisdom of people, machines, and organizations through multi-modal artificial intelligence and big data technologies, and finally realize high-level artificial intelligence applications with analysis and decision-making capabilities, allowing the organization to operate efficiently and allow more People and resources are invested in innovative work to help companies build an industry brain for human-machine collaboration and accelerate their digital transformation.It was founded in 2014 and based in Beijing, China. The company successfully delivered solutions to customers including China UnionPay, CCTV, China Postal Savings Bank, etc. | $30.6M / Series E / Dec 18, 2020 | ||
| Fawang Logistics is an domestic enterprise specializing in e-commerce warehouse logistics services, and has now developed into a leading domestic third-party logistics service enterprise. Relying on the national warehousing network, FANET Logistics deeply integrates distribution resources, combined with self-developed logistics systems andintelligent hardware to provide enterprises with all-channel logistics services. | $70.8M / Series D / Jul 03, 2020 | ||
| Codemao is an online education platform that teaches children about computer coding.The programming cat is a graphic programming tool platform developed by Shenzhen Point Cat Technology Co., Ltd. It is designed based on the learning characteristics of children and the concept of modern Chinese education. It adopts a different way of creatinggraphical programming modules than traditional codes and edutainment education concepts through interesting gamification courses and language. The combination of digital and other disciplines allows children to master knowledge in games, quickly understand programming concepts, and exercise their children's logical thinking ability and innovative practical ability.IN 2015, the Shenzhen, Guangdong-based company was established by Tianchi Li and Yue Sun. | $56.9M / Series C / Nov 04, 2019 | ||
| Tencent Trusted Doctors, a company established in early August 2018 upon the merger of Tencent Doctorwork and Trusted Doctors, is acquiring the start-up in an attempt to create a private healthcare network that provides both online and offline services through the so-called "celebrity effect". | $250M / Series C / Apr 24, 2019 | ||
| The Beijing-based company, which has seen 10 million downloads of its SoYoung app, is trying to enlist 200 clinics and thousands of plastic surgeons to its platform within three years as the industry in China faces less policy restrictions than traditional medical procedures, such as heart operations. It’s trying to tap an aesthetic medicalservices market forecast to double to $11.3 billion over the next five years, according to a prospectus from Union Medical Healthcare Ltd. | $70M / Series E / Sep 04, 2018 | ||
| Established in 2013, GoGoX is the first app-based platform for delivering goods in Asia, which is dedicated to offering excellent delivery service through innovative technology. Since then, GoGoX has extended its service to various platforms. The company connects individuals and businesses directly to thousands of drivers for their real-timedelivery needs and redefines the everyday delivery experience by providing a convenient and efficient service.Over the years, GoGoX has expanded its business from Hong Kong to Singapore, South Korea, Mainland China, Taiwan, and India and will continue to expand globally. In August 2017, GoGoX merged with 58 Suyun, the leader in Mainland China’s intra-city logistics market, and increased GOGOVAN’s presence to over 300 cities, with more than 8 million registered drivers under its network.GoGoVan has announced its rebranding as GoGoX in July 2020. | $250M / Series D / Jul 13, 2018 | ||
| Incorporated in 2011, Megvii is committed to make greatest value for customers and the whole society with extraordinary technology. Megvii is an Artificial Intelligence company specialized in providing enterprises and developers with intelligent solutions and data services, and is dedicated to the mission of “Create machines that can see andthink”.Based on its original deep learning system Brain++, Megvii seeks to build AI Engine, a core fundamental technology powering various AI application. It is leveraging on recognition, control, optimization and other algorithms to connect individuals, objects and scenarios, building a product platform of IoT OS. It is connecting standardized hardware like sensors, robots and personal devices with AI+IoT (AIoT), thus commercializing three application-oriented IoT brains on a large scale, namely, city brain, supply chain brain, and personal life brain. Megvii is building an operation system for the era of AIoT. Megvii is an AIoT solutions expert. | $460M / Series C / Nov 01, 2017 | ||
| See all 14 investments → | |||
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FAQ
What does Russia-China Investment Fund invest in?
Russia-China Investment Fund invests primarily in Internet, Software and Education startups, most often at Series C and Series D stage. Most of the 14 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Russia-China Investment Fund's check size?
Russia-China Investment Fund typically joins rounds of $57M–$460M at Series C, $71M–$250M at Series D and $31M–$70M at Series E. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Russia-China Investment Fund participates in.
When did Russia-China Investment Fund last invest?
The most recent investment recorded for Russia-China Investment Fund closed in Jun 2021. Shizune tracks 14 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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