# Shangshi Fund

> Shangshi Fund is a VC fund in Beijing backing Information Technology and Manufacturing. See 65 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Beijing, China
- Total investments: 65
- Last investment: Aug 2026
- Lead investor: 12%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/iseed-vc
- Website: http://www.shangshifund.com/

Shangshi Fund is an investment firm.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.4M–$73M |
| Angel | $425k–$14M |
| Series A | $1.4M–$71M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Information Technology | 11 | 17% |
| Manufacturing | 8 | 12% |
| Artificial Intelligence | 7 | 11% |
| Hardware | 6 | 9% |
| Medical | 5 | 8% |

74 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 24 | 37% |
| Angel | 13 | 20% |
| Seed | 11 | 17% |
| Series B | 10 | 15% |
| Series C | 1 | 2% |

6 stages tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| FangQing Technology | Fangqing Technology is a company mainly engaged in multiple areas of the communications equipment and software industry. Its core business activities include software development and sales, software outsourcing services, information system integration services, and computer system services. |  | Series A | Aug 03, 2026 |  |
| Critical Aerospace | Critical Aerospace is a technology company that develops and manufactures AI-driven liquid rocket engines for commercial launch vehicles and aerospace propulsion systems. | $29.6M | Angel | Jul 16, 2026 |  |
| Approaching.AI | Approaching.AI is an AI Infra company focusing on the important large model application scenarios such as RAG. |  | Series A | Jul 12, 2026 |  |
| Qianjue Technology | Qianjue Technology is a company that created the first full-stack application-level robot model and offers cloud-based artificial intelligence solutions to robot manufacturers. |  | Series A | Jun 10, 2026 |  |
| Optical Interconnect Technology | Optical Interconnect Technology is a pioneer in the domestic optical interconnect market, specializing in inter-chip optical interconnects for high-performance computing applications. | $73.9M | Series A | Jun 03, 2026 |  |
| Approaching.AI | Approaching.AI is an AI Infra company focusing on the important large model application scenarios such as RAG. |  | Seed | May 20, 2026 |  |
| Plastic New Technology | Suxin Technology focuses on the enzymatic depolymerization and recycling of post-consumer waste polyester textiles and other polymeric materials. |  | Series A | May 11, 2026 |  |
| Yuanli Semiconductor | Yuanli Semiconductor develops and supplies an innovative AI computing power infrastructure. | $73.1M | Seed | Apr 24, 2026 |  |
| Silicon Ceramics New Energy | Silicon Ceramics New Energy is a manufactures synthetic quartz sand and silicon carbide, and offers chip thermal management solutions. |  | Series A | Mar 17, 2026 |  |
| Heng Hai Kai Wu | HengHai Kaiwu is a new biomanufacturing firm that uses its own in vitro biotransformation (iVBT) technology to research, develop, and manufacture food, health goods, new chemical materials, and enzyme preparations. |  | Seed | Jan 15, 2026 |  |

10 of 65 investments shown.

## Co-investors
- [Haitang Fund](https://shizune.co/investors/profile/haitang-fund) — VC Fund, 10 deals together
- [Tianjin Renai Capital](https://shizune.co/investors/profile/renai-capital) — VC Fund, 6 deals together
- [Innoangel Fund](https://shizune.co/investors/profile/innoangel-fund) — VC Fund, 4 deals together
- [Dingxiang Capital](https://shizune.co/investors/profile/dingxiang-capital) — VC Fund, 3 deals together
- [Legend Capital](https://shizune.co/investors/profile/legend-capital) — VC Fund, 3 deals together
- [Lenovo Capital and Incubator Group (LCIG)](https://shizune.co/investors/profile/lenovo-capital-and-incubator-group-lcig) — VC Fund, 3 deals together

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## FAQ

### What does Shangshi Fund invest in?

Shangshi Fund invests primarily in Information Technology, Manufacturing and Artificial Intelligence startups, most often at Series A and Angel stage. Most of the 65 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Shangshi Fund's check size?

Shangshi Fund typically joins rounds of $1.4M–$73M at Seed, $425k–$14M at Angel and $1.4M–$71M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Shangshi Fund participates in.

### When did Shangshi Fund last invest?

The most recent investment recorded for Shangshi Fund closed in Aug 2026. Shizune tracks 65 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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