# Watere Capital

> Watere Capital is a VC fund in Tongzhou backing Electronics and Manufacturing. See 48 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Tongzhou, China
- Total investments: 48
- Last investment: Jun 2026
- Lead investor: 4%
- Last updated: Aug 2026
- Website: http://www.shuimucapital.com/

Watere Capital is a VC fund in Tongzhou focused on Electronics and Manufacturing. Watere Capital engaged in asset management and investment management.

## Round sizes

| Stage | Round size |
| --- | --- |
| Series B | $29M–$83M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Electronics | 11 | 23% |
| Manufacturing | 11 | 23% |
| Software | 6 | 13% |
| Hardware | 5 | 10% |
| Biotechnology | 5 | 10% |

69 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Venture - Series Unknown | 19 | 40% |
| Funding Round | 8 | 17% |
| Series B | 5 | 10% |
| Private Equity | 5 | 10% |
| Seed | 4 | 8% |

9 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 43 | 90% |
| Japan | 1 | 2% |
| United States | 1 | 2% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| MQTEK | MQTEK is a platform level core component supplier specializing in upstream hardware for neutral-atom and ion-trap quantum computing architectures. |  | Angel | Jun 17, 2026 |  |
| Hangcha Intelligent | Hangcha Intelligent is a high-tech company specializing in logistics automation solutions.Leveraging cutting-edge technologies such as AI, autonomous driving, the Internet of Things, and 5G, the company provides users with intelligent industrial vehicles such as unmanned forklifts and automated guided vehicles (AGVs), striving to enhance theintelligence and efficiency of the logistics industry. |  | Venture - Series Unknown | Aug 15, 2025 |  |
| varnotech | medical | $83M | Series B | Mar 22, 2024 |  |
| Gecko New Energy Automobile | Gecko New Energy Vehicles is a new energy commercial vehicle manufacturer with an innovative digital chassis at its foundation. Based on modular, digital, and ecological strategic platform technologies, it brings new energy vehicle manufacturing and delivery capabilities to global automotive industry OEMs and vehicle operators. |  | Seed | Jan 23, 2024 |  |
| Hangxing Transmission | Beijing Hangxing Transmission Technology is a  development and batch production of various servo systems in the fields of aerospace, aviation and navigation. They have rich experience in industry development and mass production and have more than 40 R&D and design personnel, craftsmen, and skilled personnel. | $13.7M | Seed | Nov 10, 2023 |  |
| Enrikenuo | Enrikenuo is a biotechnology company that focuses on the research and development of new generation CAR-NK technology based cell drugs. |  | Seed | Jul 14, 2023 |  |
| EnliTISA | EnliTISA EnliTISA is a biopharmaceutical company that focuses on developing novel therapeutics for inflammatory and fibrotic conditions. |  | Venture - Series Unknown | Jul 01, 2023 |  |
| Candela | Candela is a robotic hardware and software design company. The company focuses on magnetic suspension technology and autopilot technology. It provides terminal intelligent 3D distribution solutions from the outdoor to the indoor and realizes full process automation solutions for the last mile of distribution in CBD, technology parks, corporateheadquarters, universities, and communities. Candela's unmanned logistics vehicles, building robots, and hotel service robots are used to provide a complete set of solutions to cover multiple links systematically, help the industry reduce costs, increase efficiency, and release manpower. |  |  | May 26, 2023 |  |
| ChipIntelli | ChipIntelli is a technology company that focuses on artificial intelligence voice chips and provides supporting application solutions. |  | Series B | May 08, 2023 |  |
| Candela New Energy | Candela New Energy offers a comprehensive range of magnetic levitation flywheel energy storage solutions. The company focuses on the area of power frequency regulation and uses a vertical industrial chain architecture to gain autonomous control over fundamental components. |  | Venture - Series Unknown | May 01, 2023 |  |

10 of 48 investments shown.

## Co-investors
- [Beyond Capital](https://shizune.co/investors/profile/beyond-capital-a963) — VC Fund, 4 deals together
- [Tsinghua Holdings Capital](https://shizune.co/investors/profile/tsinghua-holdings-capital) — VC Fund, 2 deals together
- [3E Bioventures](https://shizune.co/investors/profile/3e-bioventures) — VC Fund, 1 deal together
- [Beijing Jianxing Yiliao Jiankang Chanye Guquan Touzi Jijin](https://shizune.co/investors/profile/beijing-jianxing-yiliao-jiankang-chanye-guquan-touzi-jijin) — VC Fund, 1 deal together
- [CCB Trust](https://shizune.co/investors/profile/ccb-trust-co) — VC Fund, 1 deal together
- [China Capital Management](https://shizune.co/investors/profile/china-capital-management) — VC Fund, 1 deal together

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## FAQ

### What does Watere Capital invest in?

Watere Capital invests primarily in Electronics, Manufacturing and Software startups, most often at Venture - Series Unknown and Funding Round stage. Most of the 48 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Watere Capital's check size?

Watere Capital typically joins rounds of $29M–$83M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Watere Capital participates in.

### When did Watere Capital last invest?

The most recent investment recorded for Watere Capital closed in Jun 2026. Shizune tracks 48 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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