# SZ Capital

> SZ Capital is a VC fund in Shenzhen backing Software, Manufacturing and Automotive. See 15 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Shenzhen, China
- Total investments: 15
- Last investment: Feb 2026
- Lead investor: 33%
- Last updated: Aug 2026
- Website: http://szcapital.com.cn

SZ Capital is a Shenzhen City-owned investment firm.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 4 | 27% |
| Manufacturing | 4 | 27% |
| Automotive | 3 | 20% |
| Electronics | 2 | 13% |
| Renewable Energy | 2 | 13% |

30 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 5 | 33% |
| Series B | 4 | 27% |
| Seed | 1 | 7% |
| Angel | 1 | 7% |
| Series C | 1 | 7% |

8 stages tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Panther Technology | Panther Technology is an advanced manufacturing technology platform that focuses on the development of industrial applications of magnetic levitation technology. | $14.4M | Series A | Feb 04, 2026 |  |
| Gongyue Xingchen | Gongyue Xingchen is a high-tech company that specializes in the research and development of functional coated composite materials. |  | Seed | Jan 25, 2026 |  |
| Jiangsu Jiahe | Jiangsu Jiahe is an automobile thermal management system provider. Its primary products include five types of vehicle aluminum radiators, intercoolers, oil coolers, electronic fans, and air conditioning systems. | $28.1M | Series B | Sep 08, 2025 |  |
| Xinjie Energy | Xinjie Energy focuses on the research, development, and production of lithium metal solid-state batteries. These batteries aim to offer energy density and improved safety compared to traditional lithium-ion batteries. The company works on advancing battery technology, with potential applications in electric vehicles and energy storage. It isinvolved in advancing solid-state battery technology and expanding its presence in the battery industry. |  | Series A | Aug 07, 2025 |  |
| Terminus Technologies | Terminus Group is an international leading Al smart service provider, shaping the next generation of technology with Artificial Intelligence & Internet of Things (AloT). They are mission driven, and are devoted to providing our customers with high quality products, which focused on AI cities, sustainable development, and robotics. They aim touse their AloT engine to integrate standalone products into smart solutions, eventually paving the way to a world of interconnected AI cities. |  | Corporate Round | Dec 30, 2023 |  |
| CS Smart | CS Smart is a vehicle design and intelligent manufacturing service provider for new energy vehicles. | $136.7M | Series B | Oct 30, 2023 |  |
| Pallet Sharing | Pallet Sharing is an Internet technology company that integrates Internet software development and operation, and intelligent tray hardware development. The company will innovate O2O business model and shared economic model, and use the concept of “tray bank” to combine with smart pallets to solve the practical problems of high logistics costscaused by pallet pain points. The company's founding team has rich experience in the pallet industry and experience in Internet financial product design, IoT architecture and online and offline operations. Prato is committed to achieving and providing China's best pallet sharing solutions, helping companies and society solve the "zombie pallets" and "disposable pallets" issues, promoting carrier transportation, reducing the total cost of business and social logistics, and cooperating with national implementation. Logistics equipment standard | $14M | Series B | Jun 09, 2023 |  |
| CIMC Transpack | CIMC Transport is a solution provider for recirculating vehicles by providing solutions for recirculating vehicles instead of disposing it. | $32M | Venture - Series Unknown | Aug 30, 2022 |  |
| EsighTech | EsighTech is a Shenzhen-based industrial vision technology solution provider, focusing on providing visual arithmetic library, visual software and visual control systems in the field of intelligent manufacturing. |  | Series A | Feb 05, 2018 |  |
| JEENEW | JEENEW develops CNC grinding, LOGO inspection, instrument and printing inspection machines. | $1.4M | Series A | Apr 01, 2017 |  |

10 of 15 investments shown.

## Co-investors
- [CMB International Capital Corporation](https://shizune.co/investors/profile/cmbi-international-capital-corporation) — VC Fund, 2 deals together
- [QF Capital](https://shizune.co/investors/profile/qf-capital) — VC Fund, 2 deals together
- Beijing Chengchuang Lihe Angel Investment Company — VC Fund, 1 deal together
- [China Capital Management](https://shizune.co/investors/profile/china-capital-management) — VC Fund, 1 deal together
- [China Merchants Venture Capital](https://shizune.co/investors/profile/china-merchants-capital) — VC Fund, 1 deal together
- [Co-Stone Venture Capital](https://shizune.co/investors/profile/co-stone-capital) — 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 SZ Capital invest in?

SZ Capital invests primarily in Software, Manufacturing and Automotive startups, most often at Series A and Series B stage. Most of the 15 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did SZ Capital last invest?

The most recent investment recorded for SZ Capital closed in Feb 2026. Shizune tracks 15 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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