# Skytrace Capital

> Skytrace Capital is a VC fund in Shanghai backing Hardware, Manufacturing and Energy. See 8 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Shanghai, China
- Total investments: 8
- Last investment: Aug 2023
- Lead investor: 63%
- Last updated: Aug 2026

Skytrace Capital is a private equity investment management institution.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Hardware | 3 | 38% |
| Manufacturing | 2 | 25% |
| Energy | 1 | 13% |
| Computer | 1 | 13% |
| Software | 1 | 13% |

19 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 3 | 38% |
| Series B | 2 | 25% |
| Series C | 1 | 13% |
| Funding Round | 1 | 13% |
| Venture - Series Unknown | 1 | 13% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 5 | 63% |
| Australia | 1 | 13% |
| The Netherlands | 1 | 13% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Sanshiyuan Technology | Sanshiyuan Technology is engaged in the R&D, production, and sale of passive optical fiber devices.Its main products include: optical fiber circulators, high-end passive integrated devices, high-reliability, cost-effective wavelength division multiplexers, and high-reliability cost-effective optical fiber isolator, MEMS optical switch,product features are miniaturization and integration. |  |  | Aug 23, 2023 |  |
| Force Energy | Force Energy is an energy technology company that offers energy O2O services, energy digitalization & composite energy innovation technology. |  | Series A | Jul 15, 2023 |  |
| Dragonfly Automation Software | Dragonfly Automation Software provides management and control system product solutions for customers in aerospace, machinery manufacturing, factory automation, and high-end precision instruments. | $12.9M | Series A | Dec 16, 2022 |  |
| Polymaker | Polymaker is a company committed to innovation, quality and sustainability, in the pursuit of producing safe and clean materials for the 3D printing industry. They do not simply adhere to current standards, but are surely becoming a market leader for quality in the filament industry. With a eight step quality control process, Polymaker’s filamentsare not only guaranteed to have the best quality standards, but also provide innovative properties that help yield a better overall printing experience, ensuring the efficiency of 3D printers and empowering consumers to create strong, functional 3D printed products. With a rapidly growing portfolio of materials, Polymaker will continue to bring new performance enhanced materials to the 3D printing community. |  | Venture - Series Unknown | Oct 17, 2022 |  |
| Mushiny Robotics | Mushiny Intelligence, a leading tech company offering comprehensive solutions to warehousing industry based on the intelligent algorithm, focuses on the development of intelligent WMS, systems integration & implementation of warehousing projects and related planning, design and consultation.Our core team members are from the world’s leadinge-businesses and manufactories such as Amazon, Bombardier, CS&S, etc. We are experienced in the operation of warehousing industry and development of software, especially in planning, system development of the warehouse for e-businesses. |  | Series A | Jul 14, 2022 |  |
| Polymaker | Polymaker is a company committed to innovation, quality and sustainability, in the pursuit of producing safe and clean materials for the 3D printing industry. They do not simply adhere to current standards, but are surely becoming a market leader for quality in the filament industry. With a eight step quality control process, Polymaker’s filamentsare not only guaranteed to have the best quality standards, but also provide innovative properties that help yield a better overall printing experience, ensuring the efficiency of 3D printers and empowering consumers to create strong, functional 3D printed products. With a rapidly growing portfolio of materials, Polymaker will continue to bring new performance enhanced materials to the 3D printing community. | $15.7M | Series C | Nov 12, 2021 |  |
| Nanochap | Nanochap is a biomedical technology developed through core chip research and development. They are regarded as one of the forerunners in the field of resolution artificial retina having been involved in the research of this cutting-edge technology since its inception. They enable clients to monitor human physiological parameters and efficientlyanalyze personal health status. |  | Series B | Sep 29, 2021 |  |
| Tpson | Tpson is a Smart Hardware company. | $14.1M | Series B | Jun 09, 2020 |  |

8 of 8 investments shown.

## Co-investors
- [IDG Capital](https://shizune.co/investors/profile/idg-capital-partners) — VC Fund, 2 deals together
- [ShareLink Capital](https://shizune.co/investors/profile/sharelink-capital) — VC Fund, 2 deals together
- [South China Venture Capital](https://shizune.co/investors/profile/south-china-venture-capital) — VC Fund, 2 deals together
- [Topping Capital](https://shizune.co/investors/profile/topping-capital-77fc) — VC Fund, 2 deals together
- [Blue Lake Capital](https://shizune.co/investors/profile/blue-lake-capital-ag) — VC Fund, 1 deal together
- [Changshu Guofa Venture](https://shizune.co/investors/profile/changshu-guofa-venture) — 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
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

## FAQ

### What does Skytrace Capital invest in?

Skytrace Capital invests primarily in Hardware, Manufacturing and Energy startups, most often at Series A and Series B stage. Most of the 8 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Skytrace Capital last invest?

The most recent investment recorded for Skytrace Capital closed in Aug 2023. Shizune tracks 8 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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