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Top 50 Proptech Startup Investors in China (July 2026)

The most active venture capital funds and angel investors investing in China Proptech startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Proptech startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Oriental Fortune Capital
VC Fund
10 China, United States Series A, Series B, Seed Software, Manufacturing, Information Technology $1.4M–$100M
IDG Capital
VC Fund
9 China, United States, India Series A, Series B, Series C Software, Internet, E-Commerce $3M–$200M
Hillhouse Investment
VC Fund
8 China, United States, Singapore Series B, Series A, Series C Biotechnology, Health Care, Software $2.9M–$220M
Chuxin Capital
VC Fund
8 China, Hong Kong Angel, Seed, Series A Software, Artificial Intelligence, Information Technology $425k–$40M
Vertex Ventures China
VC Fund
7 China, United States, Singapore Series A, Series B, Seed Manufacturing, Artificial Intelligence, Health Care $2M–$85M
HSG
VC Fund
6 China, United States, Hong Kong Series A, Series B, Series C Health Care, Biotechnology, Software $4.4M–$214M
Shunwei Capital
VC Fund
6 China, United States, India Series A, Series B, Series C Manufacturing, Software, Internet $1.4M–$100M
GF Xinde Investment Management
VC Fund
6 China, United States, Hong Kong Series A, Series B, Angel Manufacturing, E-Commerce, Biotechnology $425k–$100M
Source Code Capital
VC Fund
6 China, United States, Singapore Series B, Series A, Series C Software, Artificial Intelligence, E-Commerce $2M–$200M
K2VC
VC Fund
5 China, United States, Japan Series A, Seed, Angel E-Commerce, Manufacturing, Biotechnology $425k–$25M
ZhenFund
VC Fund
5 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Software, E-Commerce $425k–$28M
58.com
VC Fund
5 China, India, Hong Kong Series A, Series B Real Estate, Automotive, Retail $1.4M–$300M
Decent Capital
VC Fund
5 China, United States, Singapore Angel, Seed, Series A Internet, Information Technology, Software $425k–$25M
Ferry Venture Capital
VC Fund
5 China, United States Seed, Series A, Angel Information Technology, Manufacturing, Software $68k–$4.7M
5Y Capital
VC Fund
5 China, United States, India Series A, Series B, Series C Artificial Intelligence, Biotechnology, Software $5M–$400M
Cowin Capital
VC Fund
5 China, Hong Kong, United States Series A, Series B, Seed Manufacturing, Health Care, Biotechnology $1.4M–$50M
UnityVC
VC Fund
5 China, United States, Hong Kong Angel, Seed, Series A Artificial Intelligence, E-Commerce, Information Technology $283k–$20M
N5Capital
VC Fund
5 China, United States, India Series A, Seed, Series B E-Commerce, Internet, Gaming $142k–$30M
Shenzhen Capital Group
VC Fund
5 China, United States, Japan Series A, Series B, Series C Manufacturing, Health Care, Software $1.5M–$156M
Poly Capital
VC Fund
5 China Series A, Series B, Series C Robotics, Artificial Intelligence, FinTech $4.3M–$70M
Eastern Bell Capital
VC Fund
5 China, Hong Kong, Singapore Series A, Series B, Series C E-Commerce, Manufacturing, Logistics $7.1M–$270M
Matrix Partners China
VC Fund
4 China, United States, Singapore Series A, Series B, Seed Health Care, Biotechnology, Software $1.6M–$113M
Capital Nuts Investment Management
VC Fund
4 China, United States Series A, Angel, Series B E-Commerce, Service Industry, Big Data $425k–$4M
Xiaomi
VC Fund
4 China, India, Indonesia Series A, Series B, Series C Manufacturing, Software, Information Technology $1.4M–$400M
Tencent
VC Fund
4 China, United States, United Kingdom Series B, Series A, Series C Software, Financial Services, Artificial Intelligence $3.9M–$400M
QF Capital
VC Fund
4 China, Hong Kong, United States Series A, Angel, Seed Artificial Intelligence, E-Commerce, Software $425k–$16M
Sky9 Capital
VC Fund
4 China, United States, Singapore Seed, Series A, Series B Software, Blockchain, Artificial Intelligence $2M–$100M
SDIC Unity Capital
VC Fund
4 China Series B, Series C, Venture - Series Unknown Manufacturing, Health Care, Biotechnology $14M–$1.5B
Zhengxuan Investment
VC Fund
4 China, United States Seed, Series A, Angel Manufacturing, Artificial Intelligence, Software $425k–$14M
CDH Investments
VC Fund
4 China, United States, Canada Series A, Series B, Series C Manufacturing, Biotechnology, Health Care $7.1M–$300M
Linear Venture
VC Fund
4 China, Hong Kong, Singapore Series A, Seed, Angel Artificial Intelligence, Information Technology, Robotics $300k–$60M
Fortune Venture Capital
VC Fund
4 China, Japan, United States Series A, Series B, Seed Manufacturing, Software, Information Technology $425k–$73M
China Merchants Venture Capital
VC Fund
4 China, United States, India Series A, Series B, Series C Manufacturing, Automotive, Internet $1.4M–$170M
Ningbo Angel Capital Guiding Fund
VC Fund
4 China Angel, Series A, Seed Hardware, Manufacturing, Medical $142k–$14M
BAI capital
VC Fund
4 China, United States, Hong Kong Series A, Series B, Seed Software, Internet, Financial Services $3M–$100M
GGV Capital
VC Fund
4 United States, China, Singapore Series B, Series A, Series C Software, Information Technology, Artificial Intelligence $5M–$150M
Buhuo Ventures
VC Fund
4 China Series A, Angel, Seed Food and Beverage, E-Commerce, B2B $140k–$16M
Gopher Asset Management
VC Fund
4 China, United States, Portugal Series C, Series A, Series B Internet, Service Industry, Financial Services $1.4M–$213M
Henan Asset Management
VC Fund
4 China Seed, Angel, Series B Manufacturing, GreenTech, Industrial $14M–$72M
Oasis Capital
VC Fund
4 China, Singapore, United States Seed, Angel Blockchain, Cryptocurrency, Financial Services $1M–$14M
Sinovation Ventures
VC Fund
4 China, United States, Singapore Series A, Seed, Series B Software, Artificial Intelligence, Internet $1M–$110M
Ventech China
VC Fund
3 China, Japan, Austria Series A, Series B, Seed E-Commerce, Retail, Big Data
Galaxy Capital
VC Fund
3 China, United States Series A, Seed, Series B E-Commerce, Software, Automotive $1.4M–$145M
Meridian Capital Asia
VC Fund
3 China, Latvia, Hong Kong Series A, Angel, Series B Internet, Software, E-Commerce $425k–$28M
Northern Light Venture Capital
VC Fund
3 China, United States, South Korea Series A, Series B, Seed Health Care, Medical, Biotechnology $1.3M–$100M
China Development Bank
VC Fund
3 China, Oman, Egypt Angel, Debt Financing, Series A Manufacturing, Information Technology, Banking $425k–$1.9B
SBCVC
VC Fund
3 China, United States, Australia Series A, Series B, Series C Health Care, Software, Medical $2M–$100M
Haier
VC Fund
3 China Angel, Series A, Series C Artificial Intelligence, E-Commerce, Health Care $142k–$820M
Oriza Seed Capital (Oriza Yuandian)
VC Fund
3 China, United States, Singapore Series A, Seed, Angel Manufacturing, Health Care, Medical $213k–$60M
Gaorong Capital
VC Fund
3 China, United States, Hong Kong Series A, Series B, Seed Information Technology, Software, Artificial Intelligence $2.8M–$120M
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Investor list

Oriental Fortune Capital
VC Fund · Shenzhen, Guangdong, China · 10 investments in China Proptech startups

Shenzhen Oriental Fortune Capital Co Ltd. is a venture capital firm specializing investment in early venture, mid venture, late venture, emerging growth, Pre-IPO, mature, growth capital stage, mezzanine and new third board investments. The firm typically invests in financial services, telecommunication, new energy, consumer goods, medical treatmentand healthcare, life sciences, internet plus healthy lifestyle industry, logistics, energy technology, information technology, mobile innovation, media, movies and television, culture, pharmaceutical, biological medicine, renewable energy, retail, environmental protection business, consumption, new materials, new agriculture, advanced manufacturing, equipment manufacturing, culture, entertainment, and services. It seeks to invest in China focusing on Shenzhen, Shanghai, Beijing, Xi’an, and Wuhu. The firm also invests in Pearl River Delta region, Yangtze River Delta region, and Circum-Bohai-Sea region. For Pearl River Delta, it covers Guangzhou, Shenzhen, Foshan, Dongguan, Zhongshan, Zhuhai, Huizhou, Jiangmen, and Zhaoqing cities in China. For Yangtze River Delta, the firm covers Shanghai, Nanjing, Wuxi, Changzhou, Suzhou, Nantong, Yancheng, Yangzhou, Zhenjiang, Taizhou, Hangzhou, Ningbo, Jiaxing, Huzhou, Shaoxing, Jinhua, Zhoushan, Taizhou, Hefei, Wuhu, Ma’anshan, Tongling, Anqing, Chuzhou, Chizhou, and Xuancheng cities in China. For the Circum-Bohai-Sea region, it covers Beijing, Tianjin, Shenyang, Dalian, Qingdao, Dandong, Yingkou, Panjin, Fuxin, Huludao, Chaoyang, Shijiazhuang, Baoding, Tangshan, Qinhuangdao, Cangzhou, Langfang, Chengde, Zhangjiakou, Handan, Xingtai, Dongying, Yantai, Weifang, Weihai, Rizhao, and Binzhou cities in China. The firm prefers to invest 20% of its portfolio to early stage, 40% to expansion stage, and 40% to Pre-IPO stage. Shenzhen Oriental Fortune Capital Co Ltd. was formed in November 2007 and is based in Shenzhen, China with offices in Shanghai, China; Beijing, China; and Wuhu, China.

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Investment focus

  • Industry: Software, Manufacturing, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States

Investor stats

  • Total investments: 251
  • Round size: Seed $2.9M–$74M; Series A $1.4M–$50M; Series B $2.9M–$100M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Xellar Biosystems — Xellar Biosystems is a wet artificial intelligence biotechnology company that provides analysis of drug testing and treatment.
  • Qingyu Technology — Qingyu Technology is a software development service company specializing in the research, development, and sales of intelligent robots.
  • Lightwheel — Light Wheel Intelligence is offers automated, physically precise and controllable, real and generalizable synthetic data solutions to build AI data infrastructure,
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IDG Capital
VC Fund · Beijing, Beijing, China · 9 investments in China Proptech startups

IDG Capital is a global investment firm partnering with founders to build enduring businesses through capital, expertise, and long-term support.

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Investment focus

  • Industry: Software, Internet, E-Commerce
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, India

Investor stats

  • Total investments: 752
  • Round size: Series A $3M–$122M; Series B $8.3M–$141M; Series C $15M–$200M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Polymaker — Polymaker is a high quality 3D printing filament manufacturers. PLA, PETG, ABS, ASA, TPU, Nylon, PC, Carbon Fiber and more. Find the best filament for your application.
  • Youxi Film Hotel — Youxi Film Hotel which is a hotel in China that combines the perfect combination of hotel and movie IP. It is also a movie hotel theme, combining film derivative industry, movie theme social space and film shooting. An integrated creative culture complex; dedicated to creating a Chinese-style movie and hotel cross-border experience hotel, breakingthrough the traditional overnight function of a traditional hotel, creating the ultimate movie experience for young people with a mindset.
  • Liyang Semiconductor — Liyang Semiconductor is a power semiconductor chip developer, integrating design and development, chip manufacturing, packaging and testing
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Hillhouse Investment
VC Fund · Changyang, Beijing, China · 8 investments in China Proptech startups

Founded in 2005, Hillhouse is a leading global investment management firm, active across public equity, private equity, real estate and private credit. The firm invests over a long-term horizon and partners with exceptional entrepreneurs to deliver sustainable value creation for quality companies.Hillhouse is a full life-cycle private equityfirm, investing for the long term across opportunities in the healthcare, business services, consumer, and industrials sectors. The firm manages capital on behalf of global institutions such as non-profit foundations, endowments, and pensions.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 331
  • Round size: Series A $2.9M–$142M; Series B $14M–$219M; Series C $15M–$220M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $11B in 2018

Portfolio highlights

  • Sainte — Sainte is a company which provides professional nutritional solutions for babies with different nutritional needs
  • Vita Dynamics — Vita Dynamics involves learning through real-world interactions by developing robots that can physically engage with their environment, they can adapt more naturally and efficiently.
  • NeueHCT — Horizon Continental Technology is a joint venture between Continental Group and Horizon Robotics
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Chuxin Capital
VC Fund · Beijing, Beijing, China · 8 investments in China Proptech startups, 11 in the past 12 months

Chuxin Capital is an early-stage fund that actively deploys emerging formats centered on technology and consumption upgrades. It specializes in early-stage investments into companies within the enterprise services, technology, entertainment, and consumer products and services industries.Chuxin Capital was established in 2015 and is headquarteredin Beijing, China.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Angel, Seed, Series A
  • Geography: China, Hong Kong

Investor stats

  • Total investments: 65
  • Round size: Seed $1M–$14M; Angel $425k–$10M; Series A $425k–$40M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2019

Portfolio highlights

  • Aha Global — Aha is a one-stop influencer marketing platform designed to deliver results-driven campaigns. We empower brands to reach a global audience by connecting them with talented content creators. Aha is designed to become advertiser's most reliable partner in the digital marketing landscape, regardless of the scale or history of your business, Ahais creating a level playing field where all advertisers can thrive in the era of AI and data-driven marketing.Aha's mission is to foster an ecosystem where brands and creators thrive together, creating transparent and effective content marketing solutions.
  • Goodeep — Goodeep is a autonomous intelligent technology company that develops enterprise-level intelligent agents.
  • Shenzhen Entropy Technology — Shenzhen Entropy Technology is a robotics company that offers flying robotic butlers for home spaces.
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Vertex Ventures China
VC Fund · Beijing, Beijing, China · 7 investments in China Proptech startups

Vertex Ventures China invests in high-growth internet and technology start-ups across mainland China, and provides funding support and value-add services to portfolio companies in their growth stage. Based in Beijing and Shanghai, Vertex Ventures China collaborates with the Vertex network of ventures funds across US, Israel, Southeast Asia, andIndia, and under auspices of Vertex Holdings providing local knowledge with global perspective.

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Investment focus

  • Industry: Manufacturing, Artificial Intelligence, Health Care
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 174
  • Round size: Seed $3M–$30M; Series A $2M–$43M; Series B $6.7M–$85M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Evolusia — Evolusia is Justice
  • Pinnacles Medical — Pinnacles Medical is an AI based developing and researching firm that evaluate needs and integrates diagnosis to provide overall solutions.
  • AnHeart Therapeutics — AnHeart Therapeutics is a developer of innovative pharmaceutical products. The company is focused on acquiring, developing and commercializing innovative pharmaceutical products that improve human health and quality of life. It's main research product, AB-106, is an oral, highly selective ROS1/NTRK small molecule inhibitor.
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HSG
VC Fund · Beijing, Beijing, China · 6 investments in China Proptech startups, 10 in the past 12 months

We help founders build enduring companies.

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Investment focus

  • Industry: Health Care, Biotechnology, Software
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 751
  • Round size: Series A $4.4M–$100M; Series B $12M–$200M; Series C $26M–$214M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • MarqVision — Effortlessly discover and remove counterfeits to protect your sales and reputation.
  • Midas — Midas is the first neobroker of Turkey, providing zero commission Turkish and American stocks.
  • Yunzhou Zhiwei — Yunzhou Zhiwei is a high-tech startup focused on serving large-scale equipment maintenance industries such as aviation, aerospace, shipbuilding, and rail transit. It leverages smart maintenance concepts and advanced digital technologies to make complex equipment maintenance more efficient and lean. The company drives industrial transformationtoward intelligent maintenance, helping enterprises enhance growth, efficiency, and operational excellence.
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Shunwei Capital
VC Fund · Beijing, Beijing, China · 6 investments in China Proptech startups

Shunwei Capital is a venture capital fund that focuses on early to mid-stage investments in local internet industry. It specializes in incubation, startups, early to mid-stage, and growth capital investments. It seeks to invest in the technology, media, telecommunications, high technology, new media, games, internet finance, and rural area internetsectors. Their investors include sovereign wealth funds, fund of funds, university endowment funds, and family offices.

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Investment focus

  • Industry: Manufacturing, Software, Internet
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, India

Investor stats

  • Total investments: 449
  • Round size: Series A $1.4M–$43M; Series B $8.2M–$57M; Series C $20M–$100M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $1.2B in 2018

Portfolio highlights

  • CertiK — CertiK, the largest Web3 security service provider, uses AI and formal verification to protect and monitor smart contracts and protocols, securing the Web3 ecosystem.
  • Z.ai — Z.ai develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.ai supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models.
  • Darma — DARMA - Digital Healt
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GF Xinde Investment Management
VC Fund · Guangzhou, Guangdong, China · 6 investments in China Proptech startups

GF Xinde Investment Management Co., Ltd. was established in 2008 through the approval of the China Securities Commission on Direct Investment, with registered capital of RMB 2.3 billion. GF Xinde is one of the leading direct investment brokerages in China. Through a deep understanding of capital markets, known for integrity, professionalservice, and possessing an abundance of industry resources; GF Xinde not only provides strong financial support to investing corporations, but imparts a wealth of advanced management experience and access to a national business network. Supported by the comprehensive strengths of GF Securities, GF Xinde will assist the invested enterprise with establishing a strategic, long-term plan for growth by increasing their management efficiency, building the ideal capital structure, and a strong platform necessary for a successful IPO. All possible types of investments, merger and acquisitions, business, and technical cooperation opportunities will be provided for the invested enterprise. This will ensure the mutual benefits of both the Company and the invested enterprise are financially sound and increase the overall investment value through business synergies.As a direct investment brokerage, GF Xinde provides distinct advantages in regards to investment resources, market research, professional expertise, mergers and acquisitions and IPO experience. As of December 2014, GF Xinde’s accumulated total assets under management exceeded RMB 5 billion, with 16 successful IPOs, ranking first amongst the industry in both scale and number of successful public offerings.Currently, the Company has successfully created a number of diverse management funds: mezzanine funds, merger and acquisition funds, private equity funds, and other investment funds, covering but not limited to a wide range of industries, such as medicine, consumer stocks, and the internet.

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Investment focus

  • Industry: Manufacturing, E-Commerce, Biotechnology
  • Stage:Series A, Series B, Angel
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 139
  • Round size: Angel $425k–$1.4M; Series A $1.4M–$42M; Series B $2.8M–$100M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $200M in 2016

Portfolio highlights

  • Bose Quantum — Bose Quantum has the patent layout and core technology of quantum computing technology comparable to that of the United States. The scientific research achievements in the field of quantum computing are currently the only solution with short-term commercialization feasibility in the world, creating a new generation of quantum computing poweracceleration for artificial intelligence. Artificial intelligence co-processing equipment to achieve megabit ultra-large-scale quantum computing. The Bose Quantum team has completed the CIM engineering prototype verification of 1000+ qubits abroad, and has stably running some accelerated algorithms. The technical advantages of Bose Quantum are reflected in the fact that the CIM technology solution adopted is the most advanced second-generation optical quantum computing technology, which is the most advanced quantum computing technology route in the three major mainstream scalable quantum computing technology routes of superconductivity, ion trap and optical quantum. The largest technical solution.
  • Shexu Technology — Established in 2020, Shanghai Shexu Technology Co., Ltd. is an AI-driven industrial design software R&D technology enterprise and design service provider. The company has a professional scientific research and technical team, and has independently developed automatic industrial design software based on AI computing engine. The design softwarehas been widely used in the field of automotive industry equipment, significantly improving the design efficiency of industrial machinery designers.
  • Xellar Biosystems — Xellar Biosystems is a wet artificial intelligence biotechnology company that provides analysis of drug testing and treatment.
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Source Code Capital
VC Fund · Chaoyang, Liaoning, China · 6 investments in China Proptech startups

Founded in 2014, Source Code Capital is a leading China VC focused on the broad TMT sectors and investing in both early stage start-ups and growth stage companies. With $1.5 billion and RMB 3.5 billion under management, Source Code Capital has been successfully partnering with close to 150 leading Chinese technology founders since inceptionincluding Bytedance, Meituan, Homelink, among many others. Source Code is focused on the “Big 3” fundamental drivers, which are Internet+, AI+, and Global+ , and invests along sectors such as media and entertainment, consumer services, enterprise, finance, retail, transportation, housing, education, and healthcare.

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Investment focus

  • Industry: Software, Artificial Intelligence, E-Commerce
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 262
  • Round size: Series A $2M–$50M; Series B $14M–$120M; Series C $32M–$200M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $580M in 2021

Portfolio highlights

  • YQN — YQNLink specializes in digital logistics, providing a comprehensive suite of international logistics services. This includes sea freight, air freight, rail freight, and multimodal transportation solutions. With a focus on leveraging digital technology, YQNLink aims to enhance supply chain transparency and efficiency, making shipping processessimpler for businesses. The company offers consultative services to tailor logistics solutions to specific business needs, ensuring a streamlined and effective logistics strategy. YQNLink's acquisition of COPE, a cross-border e-commerce logistics firm, further expands its capabilities in serving the e-commerce sector.
  • Sand.ai — Sand AI is an AI company that focuses on producing videos.
  • LibLib AI — LibLib AI is an AI image generation platform that provides cutting-edge content creation through multi-scenario and multi-dimensional applications and interactions. It is a subsidiary of Beijing Singularity Star Technology Co., Ltd.
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K2VC
VC Fund · Beijing, Beijing, China · 5 investments in China Proptech startups, 15 in the past 12 months

K2VC (Xianfeng Evergreen) was founded in 2010, focused on early stage investment in technology start-ups in China, focus on promoting change and technological progress, innovative business models and lifestyles.

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Investment focus

  • Industry: E-Commerce, Manufacturing, Biotechnology
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 191
  • Round size: Seed $1M–$14M; Angel $425k–$10M; Series A $1.4M–$25M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $141M in 2018

Portfolio highlights

  • YolTech Therapeutics — Yaotang (Shanghai) Biotechnology is a high-tech biotechnology company focusing on developing a new generation of mRNA drugs and gene editing drugs by combining mRNA in vivo delivery technology and gene editing technology. Through the continuous development and optimization of CRISPR, base editing and other new-generation gene editing tools, andinnovative improvements to the next-generation mRNA production platform and lipid nanocarrier assembly process, Yaotang Bio is committed to developing treatments for genetic diseases and cardiovascular disease.
  • Mofeng Technology — Mofeng Technology is a high-tech enterprise specializing in the research and development of polymer materials.
  • ChipSense Technology — ChipSense Technology is a semiconductor focused on developing high-performance chips for AI computing infrastructure. The company provides chip solutions that enable perception and efficiency management in AI computing centers, helping optimize resource utilization, operational efficiency, and intelligent management of large-scale AI computingclusters.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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ZhenFund
VC Fund · Beijing, Beijing, China · 5 investments in China Proptech startups

ZhenFund is a seed fund founded by former entrepreneurs to invest in the most promising innovators. New Oriental co-founders Bob Xiaoping Xu and Victor Qiang Wang established ZhenFund in 2011 in collaboration with Sequoia Capital China. ZhenFund now has a network of over 800 portfolio companies, including over 30 unicorns based in China. Webelieve that great businesses start with exceptional founding teams. We are dedicated to helping our entrepreneurs build successful companies by providing them with mentorship and the best resources available. Some of our services include biannual demo days to top Chinese VCs, ZhenHR services, marketing and PR consulting, as well as fundraising. Our strong and large CEO network also facilitates entrepreneurs helping each other, especially via our WeChat platform. ZhenFund has been ranked as the “#1 Early-Stage Investment Firm” for six years. Bob Xiaoping Xu, Founder of ZhenFund, has been named on the Midas List since 2016 and ranked #11 in 2019. Anna Fang, Founding Partner and CEO of ZhenFund, has been named on the Midas List since 2019 and made her 4th appearance as #12, and #1 on Midas Seed List in 2022.

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Investment focus

  • Industry: Artificial Intelligence, Software, E-Commerce
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 374
  • Round size: Seed $650k–$20M; Angel $425k–$21M; Series A $1.4M–$28M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — raised $130M in 2022

Portfolio highlights

  • Ehang — Ehang is a technology enterprise focused on R&D and production in airplane and aircraft field. With the combination of software and hardware techniques, it self-developed the communication and real-time viewing hardware and a smartphone operation system. Its product, Ghost, is accepted as the first truly smartphone app operated intelligentrobot, which is widely used in geographical information surveying, professional television aerial filming, roadshow displaying, disaster rescuing and delivery, surveillance and monitoring, and even expected to play important role in the future logistics areas.Ehang was founded in 2014 by makers from China, America, and Singapore who are enthusiastic about drone flying. The enterprise’s core members graduated from Tsinghua University, Peking University, and Duke University in America.
  • ImageDT — ImageDT is a Enterprise services company.
  • Snowplus — SNOWPLUS is an e-cigarette brand that provides users with e-cigarette products through a combination of online and offline sales models. The products are available in 12 different types of flavors. The products use TrueFeel honeycomb ceramic atomization technology and Aeroflow intake. Technology; In addition to reference to the existing food-gradestandards in China, Xuejia has also passed a number of third-party certifications in terms of safety. The core components such as atomizing core and cigarette holder comply with the highest medical safety standards of the FDA and the European Union.
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58.com
VC Fund · Beijing, Beijing, China · 5 investments in China Proptech startups

58.com is a Chinese classified advertisements website enabling local merchants and consumers to publish information and advertise their service offerings in local communities. 58.com’s package includes target consumer group identification, services and products advertising, online marketing service, and customer relations management. Its aim isto provide a forum for the low income and jobless group. As the biggest online classifieds publisher, 58.com provides free, localized and credible information for voluntary users.Founded on December 12, 2005, and headquartered in Beijing, 58.com is China's for-profit version of Craigslist in the United States. It received $25 million in funding as investments from Softbank Asia Infrastructure Fund (SAIF) partners and DCM. It began trading on the New York Stock Exchange on October 31, 2013.As of November 2010, 58.com has set up branches in 32 cities, with 6,500 full-time staff serving over 50 million registered users. The site’s user base continues to grow, with more than 50,000 new users added per day. The average number of page views per unique visitor per day is 10, with 1 million posts per day. Due to its increasing website traffic volume and number of unique visitors and page views, 58.com is ranked the first among local life service websites. Its main competitors include Ganji.com and Baixing.com.

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Investment focus

  • Industry: Real Estate, Automotive, Retail
  • Stage:Series A, Series B
  • Geography: China, India, Hong Kong

Investor stats

  • Total investments: 29
  • Round size: Series A $1.4M–$7.8M; Series B $20M–$300M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Plum — Plum is an e-commerce platform for second-hand fashion products. It works as a one-stop consignment service platform that provides filming, sales, customer service, sale, and a full set of consignment services. Plum was founded on 2015 and is headquartered in Beijing, China.
  • Yidianling — Yidianling is a psychological counselling platform that provides free mental health services such as free questions and answers, psychological tests, expert services, and training lectures.
  • Interhouse.cn — Don Quixote is a commercial digital platform that provides digital integration of design, construction, and operation delivery service. It uses BIM, cloud computing, big data, IoT, AI, and other information technologies to build a platform for chain commercial spaces.
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Decent Capital
VC Fund · Shenzhen, Guangdong, China · 5 investments in China Proptech startups, 6 in the past 12 months

Decent Capital is a venture capital firm with a cross-border presence. It was founded in 2007 by Jason Zeng, co-founder of Tencent Holdings Limited. Decent Capital has two teams, venture investment and asset management, with offices in Hong Kong, mainland China, Singapore and the United States. Decent’s investment team invests from Seed to SeriesA, primarily focusing on SaaS, Consumer Internet, and Frontier Tech. Decent has invested in over 200 companies globally, spanning across the United States, China, Australia, Canada, United Kingdom, Hong Kong and Singapore. Decent upholds strong dedication to post-investment management, they continue to heavily support their portfolio companies’ business operations, supply chain and logistics, and future fundraising efforts. While Decent’s emphasis is on early-stage investments, they prioritize continuing to support portfolio companies throughout growth, for example, Decent invested in Lime from Seed to Series D.

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Investment focus

  • Industry: Internet, Information Technology, Software
  • Stage:Angel, Seed, Series A
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 133
  • Round size: Seed $425k–$14M; Angel $425k–$2.3M; Series A $1.4M–$25M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Fuxi Quantum — Fuxi Quantum operates as an industrial research and development quantum application computing platform.The company integrates the workflow of industrial problem modeling, algorithm solving, hardware execution, and result verification into corporate research processes.
  • Qingyu Technology — Qingyu Technology is a software development service company specializing in the research, development, and sales of intelligent robots.
  • LightDimension Unbounded — LightDimension Unbounded is a manufacturer of smart sports consumer devices.
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Ferry Venture Capital
VC Fund · Shanghai, Shanghai, China · 5 investments in China Proptech startups

Ferry Venture Capital is an early-stage venture capital firm focused on building companies in the new technology industry. The firm invests in early-stage companies in three broad areas, mainly in Information Technology & Artificial Intelligence (IT & AI), Enterprise Services & Technology, and Consumer & Entertainment.FerryVenture Capital was founded in 2010 and is based in Shanghai, China.

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Investment focus

  • Industry: Information Technology, Manufacturing, Software
  • Stage:Seed, Series A, Angel
  • Geography: China, United States

Investor stats

  • Total investments: 61
  • Round size: Seed $425k–$425k; Angel $68k–$1.3M; Series A $1.4M–$4.7M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Jishi yu — Jishi yu focuses on offering a multi-platform/multi-channel centralized and unified intelligent customer care SaaS platform for cross-border e-commerce sellers, with the goal of meeting the needs of foreign enterprise channel acquisition, customer operation, and brand management.
  • Zhihui Robot — Zhihui Robot is a research and development company that makes intelligent spraying robots. Zhihui Robot is a cutting-edge technological business specializing in the research, manufacture, sale, and use of special intelligent spraying robots.
  • Daochong Technology — Daochong Technology is a tech firm that does R&D, production and sales of high-power smart wireless charging systems.
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5Y Capital
VC Fund · Xuhui, Shanghai, China · 5 investments in China Proptech startups

5Y Capital is a firm engaged in providing early-stage venture investments. It was formerly known as Morningside Venture Capital. The investment firm manages USD 5bn in dual-currency funds in USD and RMB, backed by world-renowned sovereign wealth funds, family offices, fund of funds, university endowments, pensions, and foundations. It is aninvestment firm of Morningside Group.It was headquartered in Xuhui, Shanghai, China in 2008 by Ken Shi and Richard Liu.

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Investment focus

  • Industry: Artificial Intelligence, Biotechnology, Software
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, India

Investor stats

  • Total investments: 245
  • Round size: Series A $5M–$102M; Series B $10M–$227M; Series C $30M–$400M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Hypershell — Hypershell develops wearable exoskeleton systems designed to support walking, hiking, cycling, and other physically demanding activities. The company produces the Hypershell X series, which uses sensors, motion control algorithms, and powered assistance technology to reduce strain during movement and support lower-body mobility. Its products aredesigned for outdoor recreation, urban mobility, sports training, photography expeditions, and professional field operations such as rescue and inspection work. Hypershell also provides companion software features, battery systems, and adaptive movement modes that adjust assistance levels based on terrain and user activity. The company focuses on integrating robotics, artificial intelligence, and ergonomic design into consumer wearable mobility equipment.
  • Shukun Technology — Shukun Technology is a Chinese healthcare company that develops diagnostics systems based on machine learning and artificial intelligence for detecting cardiovascular diseases. The company aims to help improve medical professionals' work efficiency and directly improve the level of diagnosis and treatment in primary hospitals.The company wasfounded in 2017 and headquartered in Beijing, China.
  • Signet Therapeutics — Signet Therapeutics is a cutting-edge firm that conducts research and development on cancer-targeted drugs using AI and organoid disease models.
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Cowin Capital
VC Fund · Shenzhen, Guangdong, China · 5 investments in China Proptech startups

Cowin Capital is a private placement equity investment company focusing on investing in a pioneering enterprise on a long-term basis. It has 18 years of experience in capital management, whose capital management scale was among the front rank, which invested more than 300 companies, of which 60 more became public companies, and 150 moresuccessfully exit.The company was successfully listed on NEEQ, with code 832793, as the third listed famous domestic venture capital institution in NEEQ. It is committed to supporting the growth of small and medium enterprises, continue to launch high-quality listed companies in China Capital Market.

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Investment focus

  • Industry: Manufacturing, Health Care, Biotechnology
  • Stage:Series A, Series B, Seed
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 306
  • Round size: Seed $1.4M–$20M; Series A $4.3M–$41M; Series B $2.8M–$50M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: May invest from a new fund soon — raised $75M in 2014

Portfolio highlights

  • QYSEA — QYSEA FIFISH 4K underwater video camera is combined with the world's advanced techniques, supports 20-megapixel photos shooting in various conditions. QYSEA underwater ROV drone with great durability & design. QYSEA - professional underwater drone manufacturer!
  • Bytetree — Bytetree is a technology company that focuses on providing the one-stop AI data services for data collection, cleaning, labeling, management, and storage for OEMs and autonomous driving solution providers, covering bicycle intelligence. , vehicle-road coordination, and smart cockpit three scenarios.
  • Yinli Electric — Ningxia Yinli Electric Co., Ltd. is mainly engaged in the production and research and development of reactors and transformers. At present, the company's main products include: three-phase filter reactors, four-phase five-column reactors, water-cooled reactors, three-phase AC reactors, hollow core Reactors, isolation transformers andhigh-frequency transformers, etc.
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UnityVC
VC Fund · Beijing, Beijing, China · 5 investments in China Proptech startups

Unity Ventures began in Beijing in 2011 led by Shaw Wang who was one of the 7 founders of Baidu (NASDAQ:BIDU). As one of the leading local early-stage venture capital firms, they have invested in more than 200 startups, focusing on industrial upgrades, emerging technology, enterprise services, consumption internet and entertainment. They believe“Do valuable things, commercial value will follow". They are committed to adding value in the investment cycle and look forward to long-term cooperation with outstanding entrepreneurs.

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Investment focus

  • Industry: Artificial Intelligence, E-Commerce, Information Technology
  • Stage:Angel, Seed, Series A
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 126
  • Round size: Seed $425k–$20M; Angel $283k–$1.6M; Series A $1.4M–$13M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Youbu — Youbu offers clothing supply chain services based on digital printing technology.
  • Aether AI — Aether is building a new class of AI systems that understand mechanisms, reason under intervention, and operate reliably in real-world systems.Aether provides causal World Models for Real-World Intelligence.
  • Euler Universal — Euler Universal is a technology startup focused on the study and development of embedded smart home technologies.
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N5Capital
VC Fund · Beijing, Beijing, China · 5 investments in China Proptech startups

N5Capital is a Beijing-based leading venture capital firm focusing on early stage investment in mobile internet. N5Capital is the only early stage USD venture fund in China specializing in mobile internet, big data and cloud’s disruptive convergence with consumer sectors. N5 believes these technologies are emerging to be the infrastructure ofproductivity growth and consumer behavior transformation. Founded in 2013 by Mr. Will Jiang and Mr. Weiguo Zhao, N5Capital is currently managing two RMB funds and one USD fund, with the total capital managed at $350 million USD. In 2016, N5Captial was awarded the Top 20 Early Stage Venture Capital Firm in China. The power of mobile disruption in the internet savvy Chinese population guarantees a strong investment potential. With more than 60 companies in its portfolio, N5Capital has represented some of the most leading-edge tech companies, including Talking Data, 360 Finance, Car 300, Hot & Hot, Viva Video, LGD, Ofashion and inMotion/SoloWheel. N5Capital has a unique GP team combination with a collective successful track record spanning from angel, early stage, and growth stage to corporate M&A with approximately 30 years combined investment experience. N5Capital analyzes in consumer sectors such as finance, retail, housing, automobile, travel among others and invests in start-ups that thrives on either build or leverage the underlying technology to disrupt or recreate the industry value chain . Through an expansive network, in-depth industry analysis and rigorous user behavior research, N5Capital is shifting the investment landscape for both start-ups and investors. For more information, visit www.n5capital.com.

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Investment focus

  • Industry: E-Commerce, Internet, Gaming
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, India

Investor stats

  • Total investments: 87
  • Round size: Seed $142k–$2.1M; Series A $907k–$15M; Series B $425k–$30M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Feiyu — Feiyu is an online purchasing platform for luxury trading bags.
  • Harmay — HARMAY is based on contemporary fashion and aesthetics, conveys the concept of beauty and beautiful life. Covering first well-known international cosmetics and skin care brands products, global unique boutiques, and HARMAY’s own products,
  • Zhongying Cross-border — Zhongying Cross-border is a cross-border e-commerce comprehensive service platform.
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Shenzhen Capital Group
VC Fund · Shenzhen, Guangdong, China · 5 investments in China Proptech startups

Shenzhen Capital Group Co., Ltd (“SCGC”) is a limited venture capital company established by the Shenzhen Government in 1999. Since its establishment, SCGC has focused on cultivating national industries, shaping national brands, promoting economic transformation, and emerging industries developing. SCGC has registered capital of 5.42 billion RMB,and a total AUM of 338.99 billion RMB. SCGC primarily invests in SMEs, innovative high-tech enterprises, enterprises in emerging industries, and enterprises in start-up period, growth period and in transformation, covering industries supported by national policies, including IT, internet, new media, biopharma, new energy, environmental protection, chemical engineering, new material, high-end equipment manufacturing, consumption goods, modern service, etc. By the end of April 2019, SCGC ranked the first based on the number of portfolio companies and the number of listed portfolio companies: 994 portfolio companies, investments totaling 43.9 billion RMB, 145 of which have been listed in 16 capital markets worldwide.

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Investment focus

  • Industry: Manufacturing, Health Care, Software
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 487
  • Round size: Series A $1.5M–$156M; Series B $14M–$142M; Series C $4.3M–$142M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Prosemi — Pusenmei is a precision micro-resistance current sensor developer company committed to delivering professional and diverse precision micro-resistance current detecting resistors and circuit protection solutions.
  • Enrikenuo — Enrikenuo is a biotechnology company that focuses on the research and development of new generation CAR-NK technology based cell drugs.
  • Waker Biology — Weike Bio is a gene therapy drug development company.
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Poly Capital
VC Fund · Guangzhou, Guangdong, China · 5 investments in China Proptech startups

Poly Capital is a venture capital fund based in China.

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Investment focus

  • Industry: Robotics, Artificial Intelligence, FinTech
  • Stage:Series A, Series B, Series C
  • Geography: China

Investor stats

  • Total investments: 28
  • Round size: Series A $14M–$70M; Series B $10M–$57M; Series C $4.3M–$14M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • 4DBIM — 4DBIM is a IT company focusing on BIM and intelligent information technology products and services in the construction field.
  • PCG Power — PCG Power's vision is to stick to its core business of distributed power station investment and the long-term development direction of new energy system solution providers, to provide comprehensive and high-quality green energy and carbon-saving services to industrial and commercial owners, and to assist my country in achieving carbon peakingand carbon neutrality.
  • Jingxin Microelectronics — Jingxin Microelectronics is a developer of communication and information security chips including NRS1800, SDI3210, ESW5610, PRB0400 PCIe to SRIO and other chips and boards, enabling an efficient supply of high-speed data switching chips for the industry market.
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Eastern Bell Capital
VC Fund · Shanghai, Shanghai, China · 5 investments in China Proptech startups

Eastern Bell Capital, established in 2010, is an ecosystem-based fund focused on "improving industry efficiency with supply chain as its core competence". The investment areas we focus on include logistics, supply chain, retail & brand, data technology, etc. Through years of hard work, Eastern Bell Capital has built an empoweringeco-resource system with deep knowledge and insight into circulation efficiency.

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Investment focus

  • Industry: E-Commerce, Manufacturing, Logistics
  • Stage:Series A, Series B, Series C
  • Geography: China, Hong Kong, Singapore

Investor stats

  • Total investments: 170
  • Round size: Series A $7.1M–$100M; Series B $14M–$270M; Series C $14M–$142M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $1.8B in 2021

Portfolio highlights

  • Mobisummer
  • ZongTeng Group — ZongTeng Group is a global cross-border e-commerce infrastructure service provider.
  • StarNuclear Fusion — StarNuclear Fusion is focused on the "high-temperature superconductivity + advanced quasi-isotropic propulsion (QI)" stellarator technology roadmap.
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Matrix Partners China
VC Fund · Beijing, Beijing, China · 4 investments in China Proptech startups

Matrix Partners China builds long-term relationships with entrepreneurs and helps them build significant, industry-leading companies.Since its inception in 1977, Matrix Partners China has made hundreds of investments and played an active role in the development of many successful businesses, 50 of which went on to IPO, and 75 of which have goneon to profitable M&A events. The firm consistently ranks in the top venture firms in terms of returns to its investors.Matrix Partners China combines local knowledge with global experience and vision. Its team consists of both former entrepreneurs and experienced investors. Its past successes include Focus Media, Eachnet, and Baidu, among others. The company invests across multiple sectors and stages.

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Investment focus

  • Industry: Health Care, Biotechnology, Software
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 459
  • Round size: Seed $1.6M–$32M; Series A $2.9M–$57M; Series B $10M–$113M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • TT Yuyin — Quwan provides services including instant voice messaging, social gaming, esports, and game distribution. It operates TT Voice, which started as a voice chat application designed for mobile gamers and was later developed into a social gaming platform. It focuses on developing personalized services for the Gen Z audience.
  • Huangbaoche — Huangbaoche is a travel service providing tour packages and booking services. Huangbaoche has over 100,000 Chinese-speaking drivers and tour guides providing airport pick-up services, chartered car services, and guided tours in over 1,500 overseas travel destination cities in 80 countries.
  • Jiajin Biotech — Jiajin Biotech is a pharmaceutical R&D service provider. It specializes in the development of antibody-small nucleic acid conjugates.
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Capital Nuts Investment Management
VC Fund · Xiamen, Fujian, China · 4 investments in China Proptech startups

Capital Nuts is a China-based, early stage fund, specializing in consumer-focused, online technology investments.Specialist areas include mobile internet, digital entertainment content, and e-commerce/e-business, with available funding ranging from $100,000-$5,000,000 per investment.Capital Nuts also offers market entry services tostartups approaching China, as well as an incubator to help startups develop within the market.The fund's partners have been active in China's online industry since the late 1990's, and provide its startup investments with funding, insight, and business development channels to the opportunities within the dynamic China market.

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Investment focus

  • Industry: E-Commerce, Service Industry, Big Data
  • Stage:Series A, Angel, Series B
  • Geography: China, United States

Investor stats

  • Total investments: 34
  • Round size: Angel $425k–$3M; Series A $1.2M–$4M; Series B $2.8M–$2.9M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Glazero Technology — Established in Dec 2020, Glazero is a brand that provides smart home solutions to global markets. It focuses on AIot smart home products, covering smart security, smart lighting and smart cleaning products. Glazero starts from the North American home appliance market, and sells through cross-border e-commerce platforms.
  • MetaLenX — MetaLenX is a technology-based enterprise focusing on the design, manufacture and application of superlenses.
  • BasePoint Origin — BasePoint Origin is a high-tech company focused on developing an AI operating system that automatically characterizes enterprise business processes. This system replaces traditional manual methods—such as expert visits, data collection, and modeling—with AI, greatly enhancing the efficiency and accuracy of optimizing business processes.
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Xiaomi
VC Fund · Beijing, Beijing, China · 4 investments in China Proptech startups

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Investment focus

  • Industry: Manufacturing, Software, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: China, India, Indonesia

Investor stats

  • Total investments: 205
  • Round size: Series A $1.4M–$71M; Series B $2.8M–$60M; Series C $14M–$400M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Z.ai — Z.ai develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.ai supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models.
  • AIpark — AIpark is provides a smart parking management solution. AIPark upgrades traditional parking spaces into “smarter ones” for local governments or businesses by leveraging on its in-house visual recognition technologies.
  • SUNMEI Group — Shangmei Life Group was founded in Qingdao in 2010. It is a comprehensive group integrating hotel, hotel fast installation, home retail, catering, culture and entertainment. At present, the group has more than 5,000 hotels, 200 Boladi KTV, 30 home retail, 300 catering stores, and the total number of stores has exceeded 5,500. The number of membersexceeds 120 million.
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Tencent
VC Fund · Shenzhen, Guangdong, China · 4 investments in China Proptech startups

Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks. Tencent has maintained steady growth under its user-oriented operatingstrategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others.In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively.Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.

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Investment focus

  • Industry: Software, Financial Services, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, United Kingdom

Investor stats

  • Total investments: 559
  • Round size: Series A $3.9M–$230M; Series B $15M–$283M; Series C $35M–$400M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Reddit — Homepage - Reddit
  • XtalPi — XtalPi is a pharmaceutical technology company that is reinventing the industry’s approach to drug research and development with its Intelligent Digital Drug Discovery and Development (ID4) platform. Through its tightly interwoven quantum mechanics, artificial intelligence, and high-performance cloud computing algorithms, the ID4 platform enablespharmaceutical companies to increase their efficiency, accuracy, and success rate at critical stages of drug R&D. By accelerating the pace of drug discovery and development, XtalPi aims to contribute to a healthier society worldwide.Founded in 2014 by a group of quantum physicists at MIT, XtalPi has since grown into an elite team of researchers with multi-disciplinary expertise in physics, chemistry, pharmaceutical R&D, and algorithm design. XtalPi has received much recognition for its cutting-edge technologies, its innovative solutions, and the breadth of potential applications of its offerings across the pharmaceutical value chain, which has allowed it to gain industry approval and establish strategic partnerships with several top international pharmaceutical companies.
  • PolicyBazaar — Compare insurance policies offered by various insurers in India & buy insurance policy online. Get instant quotes & save huge on premiums.
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QF Capital
VC Fund · Shenzhen, Guangdong, China · 4 investments in China Proptech startups

QF Capital is a fund management company that focuses on private equity investments.

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Investment focus

  • Industry: Artificial Intelligence, E-Commerce, Software
  • Stage:Series A, Angel, Seed
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 154
  • Round size: Seed $1.4M–$15M; Angel $425k–$14M; Series A $1.4M–$16M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Tianlin — Tianlin Holdings provides robotic intelligent construction services, with a focus on creating an ecosystem that includes intelligent construction robots, green building materials, and intelligent construction digital platforms.
  • Taiyi Quantum — Taiyi Quantum is dedicated to encouraging innovation in the distribution and implementation of quantum computing technology, as well as developing sophisticated quantum algorithms and delivering tailored computing solutions for businesses and research institutes.
  • Lingchuan Technology — Lingchuan Technology is a high-tech enterprise focusing on transcoding/AI chip research and development.
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Sky9 Capital
VC Fund · Shanghai, Shanghai, China · 4 investments in China Proptech startups

Sky9 Capital is a leading venture capital fund dedicated to supporting disruptive technologies and outstanding innovators to drive change and create positive impact for the society, environment and individual lives.

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Investment focus

  • Industry: Software, Blockchain, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 154
  • Round size: Seed $2M–$22M; Series A $5M–$59M; Series B $12M–$100M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $119M in 2019

Portfolio highlights

  • YIAUTO — YIAUTO is an automobile supermarket for tier 3-5 cities in China.
  • Changjing.ai — AI-driven business intelligence SaaS platform
  • Signet Therapeutics — Signet Therapeutics is a cutting-edge firm that conducts research and development on cancer-targeted drugs using AI and organoid disease models.
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SDIC Unity Capital
VC Fund · Beijing, Beijing, China · 4 investments in China Proptech startups

SDIC Unity Capital is a professional guidance fund and parent fund management platform of SDIC Group. It focuses on equity investment in forward-looking and strategic emerging industries and management of parent funds and government-guided funds.

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Investment focus

  • Industry: Manufacturing, Health Care, Biotechnology
  • Stage:Series B, Series C, Venture - Series Unknown
  • Geography: China

Investor stats

  • Total investments: 45
  • Round size: Series B $14M–$638M; Series C $26M–$1.5B; Venture - Series Unknown $21M–$72M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Shenluo Medical — Shenluo Medical manufactures functional neural implantable medical devices.
  • Huihe Healthcare — Huihe Healthcare specializes in the development of medical devices for structural heart disease. The company was founded in 2019 and is headquartered in Shanghai, China.
  • Orijen Electromechanical — Orijen Electromechanical focuses on the manufacturing of large, medium, and small high-efficiency and ultra-high-efficiency electric motors.
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Zhengxuan Investment
VC Fund · Shenzhen, Guangdong, China · 4 investments in China Proptech startups

Zhengxuan Investment is an investment institution that develops high-tech and innovative enterprises. It is focused in advanced manufacturing, artificial intelligence, robotics, new energy, new materials, semiconductor, aerospace, and other fields. It also focuses on the investment and development of Chinese national enterprises, creatingemployment opportunities, creating government tax revenues, benefit the society, and cultivating a group of innovative enterprises and entrepreneurs. It offers a win-win situation for the benefit sharing and win-win situation for the company's shareholders, employees, partners, and invested companies. The company has Zhengxuan Qianhai Fund, Zhengxuan Foresight Fund, Zhengxuan Venture Capital, Zhengxuan Chuangke Space, Di Chuanghui, and other subjects.Zhengxuan Investment was founded in June 2003 and is headquartered in Shenzhen, China.

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Investment focus

  • Industry: Manufacturing, Artificial Intelligence, Software
  • Stage:Seed, Series A, Angel
  • Geography: China, United States

Investor stats

  • Total investments: 57
  • Round size: Seed $1.3M–$14M; Angel $425k–$14M; Series A $1.4M–$14M
  • Lead/follow: 51% lead, 49% follow

Portfolio highlights

  • Aiage — Aisheng Life Science and Technology is a big data service provider for intestinal health and life sciences.
  • Yuzhitongxing — Yuzhitongxing provides AI recruitment tools and products that partner with government agencies and several leading global companies.
  • Botai Automation — Botai Automation is specialized in CNC system research and development. Its CNC system can be used in machine tools, including drilling and tapping machines, turning and milling compound machining centers and their control accuracy, stability, and performance outperform earlier products of the same type.
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CDH Investments
VC Fund · Kowloon City, Kowloon, Hong Kong · 4 investments in China Proptech startups

CDH Investments is an international alternative asset fund manager with over $27 billion of assets under management. CDH Investments was established in 2002 by the former private equity group of China International Capital Corporation and is managed by an experienced team of senior private equity professionals who have worked together for manyyears focusing all their professional time on investing in China. CDH has consistently delivered superior returns relative to industry peers and is well positioned to continue to generate superior returns due to the team's proven investment experience and expertise investing in China.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Health Care
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 285
  • Round size: Series A $7.1M–$100M; Series B $14M–$142M; Series C $14M–$300M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • HitGen — HitGen is provides biological reagents and services to support drug discovery research.
  • ZSPepLib — Zonsen PepLib Biotech Inc. Zonsen PepLib Biotech Inc. is a high-tech biopharmaceutical enterprise that is dedicated to advancing global innovation in the discovery of new peptide drugs. Founded in September 2017, PepLib is headquartered in Zhuzhou, China, with a subsidiary in New Jersey, USA.
  • Eyegood Ophthalmic Hospital — Eyegood Ophthalmic Hospital is a ophthalmology hospital.
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Linear Venture
VC Fund · Beijing, Beijing, China · 4 investments in China Proptech startups

Linear Capital is a Frontier Tech Fund founded in 2014 by Harry Wang, Facebook's first Chinese R&D manager. We currently manage 10 funds with AUM of more than $2 billion.

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Investment focus

  • Industry: Artificial Intelligence, Information Technology, Robotics
  • Stage:Series A, Seed, Angel
  • Geography: China, Hong Kong, Singapore

Investor stats

  • Total investments: 101
  • Round size: Seed $300k–$8.5M; Angel $425k–$8.3M; Series A $2.8M–$60M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $200M in 2020

Portfolio highlights

  • Aivela — Aivela offers hardware and software for capturing, analyzing, and managing visual and sensor data. The portfolio includes cameras, optics, lighting, and workflow software used for motion analysis, inspection, and experimental testing. Services cover solution design, system integration, calibration, and training to support deployment in laboratoryand production settings. Products integrate with common data acquisition and analytics tools and support synchronized triggering, high frame rates, and structured data management. Aivela serves engineering and research teams that need to document fast processes, quantify behavior, and produce repeatable measurements.
  • RABC Group — The 1st Transaction Neobank in Asia, to achieve easier, faster, cheaper working capital solutions with digital banking technologies. RootAnt's BANCO platform and BANCO Engine provide digital banking technologies for banks and non-bank financial institutions to offer better working capital solutions for enterprises.
  • JINGdigital — JINGdigital is China's Leading Marketing Automation Platform. Since our founding in 2014, JINGdigital has been providing brands with digital marketing optimization solutions through our JINGsocial platform. The platform enables brands to better understand customers and empowers brands to create valuable personal connections at scale.
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Fortune Venture Capital
VC Fund · Shenzhen, Guangdong, China · 4 investments in China Proptech startups

Fortune Capital, established in April, 2000, is one of the earliest market-oriented venture capital firms in China. For the past 14 years, Fortune Capital focus its investments on leading companies in four key sectors: TMT (Media oriented), Consumer Goods/Services, Modern Agriculture and Clean Tech.Fortune Capital is ranked among thehighest performing VC/PE firms in China and selected as "Vice President of Venture Capital Committee of IAC," "Vice President of Shenzhen VC Association," "Vice President of Shenzhen Chamber of International Investment & Funding," etc.In addition to providing capitals, Fortune Capital provides its investee companies with personalized value-added services.

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Investment focus

  • Industry: Manufacturing, Software, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: China, Japan, United States

Investor stats

  • Total investments: 271
  • Round size: Seed $425k–$73M; Series A $1.4M–$70M; Series B $2.8M–$57M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $780M in 2021

Portfolio highlights

  • Transcenta — Transcenta is a global biotherapeutic company that fully integrates antibody-based biotherapeutics discovery, R&D and manufacture, focusing on developing innovative antibodies to help more patients. HJB and MabSpace Biosciences merged and created Transcenta.
  • Sandstone — SandStone is a product, solution and service provider focused on next-generation data storage (ServerSAN), which is dedicated to helping users cope with data storage, traffic and data management complexity, helping users build storage virtualization and Computation of virtualization as the core cloud computing infrastructure environment, andgradually provide data processing, mining, analysis and intelligence in the field of big data professional systems and services.
  • 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.
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China Merchants Venture Capital
VC Fund · Shenzhen, Guangdong, China · 4 investments in China Proptech startups

China Merchants Capital is engaged in alternative investment and asset management.

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Investment focus

  • Industry: Manufacturing, Automotive, Internet
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, India

Investor stats

  • Total investments: 161
  • Round size: Series A $1.4M–$69M; Series B $2.8M–$170M; Series C $14M–$132M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Honest — Honest is a manufacturer of advanced equipment for mineral processing that specializes in developing X-ray-related electrical devices and system solutions.
  • Euler Universal — Euler Universal is a technology startup focused on the study and development of embedded smart home technologies.
  • Senad Technology — Senad Technology is a software and hardware technology company with machine vision as the core technology.
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Ningbo Angel Capital Guiding Fund
VC Fund · Ningbo, Zhejiang, China · 4 investments in China Proptech startups

Ningbo Angel Capital Guiding Fund is a non-profit-oriented policy fund set up by the municipal government.

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Investment focus

  • Industry: Hardware, Manufacturing, Medical
  • Stage:Angel, Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 37
  • Round size: Seed $142k–$142k; Angel $213k–$1.5M; Series A $1.4M–$14M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Leiden Cryo — Leiden Cryo is an innovative technology company that specializes in the development of cryogenic technology and its cutting-edge market applications for creating low-temperature environments for storage and transportation of hydrogen energy.
  • Xirun Medical — Xirun Medical empowers rehabilitation through breakthrough technologies.
  • Weinan Technology — Weinan Technology is a reflective display component developer that focuses on the development of reflective display core components.
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BAI capital
VC Fund · Beijing, Beijing, China · 4 investments in China Proptech startups, 9 in the past 12 months

BAI Capital is a leading venture capital fund in China. Since 2008, the team of BAI Capital has invested in more than 200 portfolios, including 17+ IPOs and 40+ unicorns. BAI Capital has two main focuses: China-based global companies and China’s structural transformation. BAI Capital seeks to partner with and empower outstanding Chinese companiesand entrepreneurs that can leverage the multiplier effect of China’s technology, talent, and supply chain advantages and to expand globally in consumer retail and services, fintech, media and content innovation, Web3 and metaverse. On the other hand, at the turning point of China’s structural transformation, the fund will also seize major cross-cycle disruption opportunities in frontier and infra tech, electric vehicles and autonomous driving, and industrial upgrade driven by enterprise software development.The investor base for BAI Capital includes institutional investors such as sovereign wealth funds, large insurance companies, internet giants and fund of funds globally, as well as Bertelsmann. BAI Capital has its background from Bertelsmann Asia Investments, part of the Bertelsmann Group.

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Investment focus

  • Industry: Software, Internet, Financial Services
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 139
  • Round size: Seed $4M–$100M; Series A $3M–$50M; Series B $14M–$100M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $700M in 2022

Portfolio highlights

  • Waffo
  • ThetaWave AI — Turn lectures into notes, mindmaps, quizzes & flashcards in real-time. Trusted by 50,000+ students from Stanford, MIT & more. Free to try.
  • Reverse Matrix Technology — Reverse Matrix Technology focuses on the research and development of technologies that combine fundamental world models, enabling advanced simulations, intelligent systems, and data-driven insights to better understand complex environments and support next-generation innovation across industries.
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GGV Capital
VC Fund · Menlo Park, California, United States · 4 investments in China Proptech startups

We believe the talent to build great companies comes from anywhere. A global venture capital firm that invests in local founders. As a multi-stage, sector-focused firm, GGV focuses on seed- to growth-stage investments across Social/Internet, Enterprise Tech, and Smart Tech sectors.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: United States, China, Singapore

Investor stats

  • Total investments: 669
  • Round size: Series A $5M–$50M; Series B $14M–$60M; Series C $15M–$150M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — raised $366M in 2021

Portfolio highlights

  • Moodles — Moodles is a Chinese IT firm that specializes on the food business.
  • Pacdora — Pacdora is an incredibly user-friendly online mockup design platform that boasts an extensive collection of 3D mockups and box templates. Whether you're a seasoned designer or just starting out, you can effortlessly create eye-catching mockups in no time. Plus, with our powerful 3D modeling software and a suite of AI design assistant tools atyour fingertips, your creative possibilities are limitless. Unleash your imagination with Pacdora today!
  • Chief — Chief is the only membership network that combines access to exclusive Clubhouses, world-renowned Guides and Executive Coaches, top-level training from the Wharton School of Business, annual summits, and events at the industry conferences that matter.
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Buhuo Ventures
VC Fund · Beijing, Beijing, China · 4 investments in China Proptech startups

Buhuo Ventures invests in early and growing TMT and innovative consumer sectors.

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Investment focus

  • Industry: Food and Beverage, E-Commerce, B2B
  • Stage:Series A, Angel, Seed
  • Geography: China

Investor stats

  • Total investments: 39
  • Round size: Seed $140k–$3.2M; Angel $425k–$1.4M; Series A $3M–$16M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $243M in 2021

Portfolio highlights

  • Tustin — Tustin focuses on "hand-rolled and grilled" items such as spicy chicken drumsticks and grilled pineapple burgers.
  • Shala Shike — Shala Shike is a supply chain technology company that focuses on catering, dining, salad carving service, cold chain distribution, and smart machine unmanned sales services.
  • China Model Group — China Model Group is a network of systems for material management. By maximizing the mismatch of assets and enhancing industrial productivity, it enables the standardization, digitization, and financialization of the commercial formwork sector at the level of formwork practitioners. General contracting services are provided by a platform thatbrings together industry resources to guarantee that industry practices are followed during project construction. This platform also uses digital innovation capabilities to enhance industrial efficiency and lower construction costs.
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Gopher Asset Management
VC Fund · Shanghai, Shanghai, China · 4 investments in China Proptech startups

Gopher Asset Management is an asset management firm that focuses on asset allocation and pursues absolute returns. The firm also focuses on Private Equity Investment, Real Estate Fund Investment, Secondary Market Investment, Family Office, and Discretionary Account Investment and Institutional Services. They devoted to protecting their investorsagainst financial risk and growing the value of their assets.Gopher Asset Management was founded in 2010 and is based in Shanghai, China.

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Investment focus

  • Industry: Internet, Service Industry, Financial Services
  • Stage:Series C, Series A, Series B
  • Geography: China, United States, Portugal

Investor stats

  • Total investments: 52
  • Round size: Series A $1.4M–$31M; Series B $14M–$125M; Series C $44M–$213M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • HeyGears — HeyGears is an innovation-driven technology company with 3D printing applications and digital intelligent manufacturing technologies as its core competencies. The company is dedicated to building a complete service ecosystem by integrating hardware, software, material science, IoT (Internet of Things) and AI (Artificial Intelligence). The ecosystemallows HeyGears to provide B-end customers with whole-chain intelligent manufacturing solutions and offer C-end customers high-quality end products empowered by 3D printing technology.HeyGears aims at building an M-B-C network by utilizing UltraCraft, Ultra-Net, and UltraPrint, and creating new 3D printing application scenarios from “digital production” to “unscaled” retail. The company’s digital manufacturing solutions, services, and business models have and will continuously be applied in health and medical, consumer goods, electronics, and various other industries. HeyGears has customers in more than 10 countries and is continuing to expand globally in America, Europe, and Asia.At HeyGears we encourage innovation and spare no effort to bring the best ideas to life. We empower creative, passionate and purpose-driven people to make a difference. We are committed to a working culture that embraces diversity, promotes equal opportunity and explores possibilities. Your career at HeyGears is defined by you, with a flexible-and-global working environment and your best authentic self. Here we collaborate as an energetic, dynamic and entrepreneurial team. Together we offer the optimal experience to customers, influence the industry with leading digital applications, and help improve the health and lives of our communities.
  • ProSights — State-of-the-art data security protocols engineered specifically for financial institutions.
  • Anytime AI — Anytime AI builds premier AI legal assistants for plaintiff lawyers by harnessing the most advanced Generative AI technologies.
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Henan Asset Management
VC Fund · Zhengzhou, Henan, China · 4 investments in China Proptech startups

Henan Asset Management is an investment firm.

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Investment focus

  • Industry: Manufacturing, GreenTech, Industrial
  • Stage:Seed, Angel, Series B
  • Geography: China

Investor stats

  • Total investments: 6
  • Round size: Seed $14M–$72M; Angel $14M–$14M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Lingbao CASBOT — Lingbao CASBOT adheres to the people-oriented development concept, strives to be close to people's real needs in every technological breakthrough, and realize the harmonious coexistence of technology and humanity.
  • Zhongke Qingneng — Zhongke Qingneng is a green-tech company that specializes in the development and manufacturing of hydrogen liquefaction and cryogenic equipment.
  • Ruili Scientific Instruments — Ruili Scientific Instruments is a joint venture that focuses on research, development, production and sales of process testing equipment.
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Oasis Capital
VC Fund · Shanghai, Shanghai, China · 4 investments in China Proptech startups

Oasis Capital focuses on blockchain project investment and digital asset management.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Angel
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 45
  • Round size: Seed $1M–$14M; Angel $2.8M–$6.8M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • VAST — VAST is an artificial intelligence business that develops and manufactures general-purpose 3D big models. Its goal is to develop a popular 3D content production tool, a 3D user-generated content platform, and utilize 3D space to enhance user experience.
  • ENCOS — ENCOS is a developer of high-performance robot integrated joint modules. The company focuses on matters of embodied intelligence, with robot reduction motors as its main business.
  • LeXiang Intelligence — LeXiang Intelligence is a robotics company that specializes in the development of intelligent consumer-grade robots.
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Sinovation Ventures
VC Fund · Beijing, Beijing, China · 4 investments in China Proptech startups

Sinovation Ventures is a full-service venture capital firm that actively invests in the Chinese technology market.

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Investment focus

  • Industry: Software, Artificial Intelligence, Internet
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 261
  • Round size: Seed $1M–$10M; Series A $1.4M–$28M; Series B $10M–$110M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $203M in 2022

Portfolio highlights

  • ImageDT — ImageDT is a Enterprise services company.
  • Sand.ai — Sand AI is an AI company that focuses on producing videos.
  • Ruoban Technology — Ruoban Technology, an embodied intelligence firm, is focused on the study and development of intelligent robots for unstructured household scenarios.
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Ventech China
VC Fund · Shanghai, Shanghai, China · 3 investments in China Proptech startups

Ventech Capital was founded in 1998 in France. Ventech is one of the most famous VC funds in Europe and manages four funds. In China, Ventech China manages three funds. Globally, this represents more than USD 1B total asset under management. Ventech China is based in Shanghai. Ventech China 3 is a USD 220 million venture capital fund focused oncommunities, M-commerce, Big Data and Fintech. Its current portfolio companies include Keep, the No.1 fitness training and community app in China, WonderFull, the emerging Japanese product M-commerce platform, Juzi, the leading entertainment news platform, Datawin, the leading big data company in sales leads generation, and Blued, the No.1 gay community app in China. Ventech China is dedicated to growing together with innovative startups and help them to become global leaders in their fields.

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Investment focus

  • Industry: E-Commerce, Retail, Big Data
  • Stage:Series A, Series B, Seed
  • Geography: China, Japan, Austria

Investor stats

  • Total investments: 59
  • Lead/follow: no public data

Portfolio highlights

  • ACGBOX — ACGBOX is an anime snack food supplier, specialized in producing anime snack foods.
  • Huafa Geometry — Huafa Geometry is a pet smart ecosystem brand that specializes in providing fish tanks and aquarium with smart technology. It is a brand of Beijing Yuanyibai Technology Co., Ltd.
  • E-Health Now LLC — We are the first HIPAA compliant platform that focuses on optimizing cancer treatment plans for patients in China locally. By connecting Chinese cancer patients to U.S. and Chinese oncologist and leveraging the existing medical facilities in China, we bring U.S. quality of care to Chinese cancer patients at less than 1/3 of the cost comparedto medical travels to the U.S. Our pricing point is affordable by the top 40% of the income class in China.
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Galaxy Capital
VC Fund · Suzhou, Jiangsu, China · 3 investments in China Proptech startups

Galaxy Capital is an Investment firm based in China.

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Investment focus

  • Industry: E-Commerce, Software, Automotive
  • Stage:Series A, Seed, Series B
  • Geography: China, United States

Investor stats

  • Total investments: 33
  • Round size: Seed $1.4M–$4.3M; Series A $1.4M–$28M; Series B $14M–$145M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Sinsegye — Sinsegye operates as a product-driven enterprise company. Sinsegye is an industrial control supercomputing infrastructure supplier.
  • Weiyan Medical — Micro Rock Medical is a biopharma and medical firm that focuses on precise molecular diagnosis for infections.
  • GigaAI — Excellent Vision is a spatial intelligence company focused to transforming video creation into a 4D world model, enabling AI big models to grasp, generate, and reason about 4D space.
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Meridian Capital Asia
VC Fund · Shanghai, Shanghai, China · 3 investments in China Proptech startups

Meridian Capital Asia was founded in Singapore in 2008 and has launched nine funds with a total of over 1.5 billion US dollars raised since. It has invested in more than 280 startups, with many notable exits, and has focused on areas such as deep tech, artificial intelligence, robotics, cloud, SaaS, enterprise, advanced manufacturing, renewableenergy, new material, semiconductors, agri-tech, education, internet, and new media, etc. All its partners are from either Singapore, Australia, the US or UK, with extensive experience and knowhow in all technology sectors. Meridian has offices in Singapore, Silicon Valley, Shanghai and Beijing and its investments cover geographies such as SEA, China, US, Mid-east, Japan, and Europe.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Series A, Angel, Series B
  • Geography: China, Latvia, Hong Kong

Investor stats

  • Total investments: 140
  • Round size: Angel $425k–$14M; Series A $425k–$16M; Series B $1.7M–$28M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Hanhai Energy — Hanhai Energy is dedicated to explore the science and technology to accelerate the commercialization of fusion energy.
  • Keyou Network — Data processing service provider
  • Xiaoneng Technology — Xiaoneng Technology is a company that provides online customer service solutions for e-commerce websites. Committed to providing real-time shopping guide and online customer management system LiveCRM for all online transactions and online display products and services, affiliated to Beijing Nengtong Tianxia Network Technology Co., Ltd.
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Northern Light Venture Capital
VC Fund · Beijing, Beijing, China · 3 investments in China Proptech startups

Supporting the next generation of entpreneurs in enterprise, healthcare, and consumer with disruptive potential.

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, South Korea

Investor stats

  • Total investments: 244
  • Round size: Seed $1.3M–$100M; Series A $4.3M–$52M; Series B $11M–$62M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — raised $375M in 2021

Portfolio highlights

  • Flytech — Flytech specializes in crystal materials and related components for magneto-optical-electrical integrated signal processing.
  • Moge Microflow — Moge Microflow is a manufacturer of equipment for microreactors. It provides continuous flow production technologies and equipment for nanomaterials, pharmaceutical intermediates, and fine chemicals, as well as standardized high-end microreactor equipment.
  • Bianzhong New Materials — Bianzhong New Materials is a high-tech company that specializes in the research and development of equipment for weaving and shaping three-dimensional preforms of high-strength fiber composite materials.
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China Development Bank
VC Fund · Beijing, Beijing, China · 3 investments in China Proptech startups

China Development Bank (CDB) was founded in 1994 as a policy financial institution under the direct leadership of the State Council. It was incorporated as China Development Bank Corporation in December 2008, and officially defined by the State Council as a development finance institution in March 2015.CDB has a registered capital of RMB 421.248billion. Its shareholders include the Ministry of Finance of the People’s Republic of China (36.54%), Central Huijin Investment Ltd. (34.68%), Buttonwood Investment Holding Co., Ltd. (27.19%) and the National Council for Social Security Fund (1.59%).

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Investment focus

  • Industry: Manufacturing, Information Technology, Banking
  • Stage:Angel, Debt Financing, Series A
  • Geography: China, Oman, Egypt

Investor stats

  • Total investments: 32
  • Round size: Angel $425k–$425k; Series A $1.4M–$944M; Debt Financing $112M–$1.9B
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • InventChip — Inventchip provides power conversion solutions based on SiC power devices, SiC driver IC and SiC power modules. Applications: Wind Inverter, PV Inverter, Industrial Power Supply、 HEV/EV, Motor Drive, Charging Pile and other fields, and many.
  • Hainan Airlines — Since its beginning, Hainan Airlines has seen 23 years of safe operations and has accumulated over 5 million hours of safe flights maintaining an outstanding safety record and has been listed as one of JACDEC (Jet Airliner Crash Data Evaluation Centre) the World’s top 10 safest airlines for the third time. Hainan Airlines’ fleet is mainly comprisedof Boeing 737s and 787s, and Airbus 330s. As of December 2015, Hainan Airlines has 162 aircrafts in operation, which are used for both passenger and cargo transportation, and provide passengers with individual space in first class, and a spacious new business class. Since 2011, Hainan Airlines, with its high quality service standards and continuous years of service innovation, has won five consecutive global SKYTRAX five-star airline ratings.Hainan Airlines inherits“Oriental hospitality”, advocates a “respect for the customer” service spirit, follows the “SMILE” service standard, passes on the “cherished experience” brand philosophy, highlights the “Oriental Beauty” new international brand image, becoming a world-class aviation enterprise and brand for the Chinese nation.
  • Haichang Biotech — Zhejiang Haichang Biomedical Technology Co., Ltd. is a biotechnology company that focuses on the research and development of biopharmaceutical technology. The company has the ability to innovate independently and holds global intellectual property rights. It is recognized as a national high-tech enterprise. The company's work revolves aroundthe development of innovative biopharmaceutical technologies. It relies on three major technology platforms: nucleic acid delivery technology, lipid nano technology, and microsphere technology, to develop drugs in the fields of vaccines, anti-tumor, analgesia, and anti-infection.
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SBCVC
VC Fund · Shanghai, Shanghai, China · 3 investments in China Proptech startups

Established in 2000, SB China Capital (SBCVC) is a leading venture capital and private equity firm that manages both USD and RMB funds. Their investment focuses on high-tech, high growth companies in TMT, clean technology, healthcare, consumer/retail, and advanced manufacturing sectors; and they invest across all stages of companies.Withextensive entrepreneurial and operating experiences, their professional and seasoned deal team members recognize the vision and champion the ideas of start-up companies. In addition to providing capital support, they help their portfolio companies realize their strategic and commercial potential by giving value-adding services and advices including planning, business development, recruiting and resources deployment.They have a proven track record and solid reputation in identifying high potential start-ups and creating successful industry-leading companies. Some of their spotlight portfolio companies are Alibaba, Taobao, Focus Media, GDS, BGI, Ankon, Di’an, and Edan.With their operational headquarters located in Shanghai and regional offices spread in Beijing, Shenzhen, Chengdu, Hangzhou and Taiwan, they have an extensive coverage of the greater China region and access to potential investment opportunities.

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Investment focus

  • Industry: Health Care, Software, Medical
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Australia

Investor stats

  • Total investments: 130
  • Round size: Series A $2M–$28M; Series B $4.5M–$43M; Series C $10M–$100M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • UCaize — UCaize is a biopharmaceutical company that researches and develops novel medications for the treatment of blood cancers.
  • Hydrexia — Hydrexia is an Australian company that has successfully designed, built, and tested systems that stores hydrogen in solid form, based on a proprietary magnesium alloy.
  • Guoke Tanmei — Guoke Tanmei is a visionary enterprise focused on developing materials for carbon-based energy storage. It directs at application scenarios including base stations, two-wheelers, electric cars, industrial cars, and energy storage.
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Haier
VC Fund · Qingdao Shi, Shandong, China · 3 investments in China Proptech startups

Haier India is one stop solution for buying home appliances. We help you discover a wide range of home appliances with latest technology including Refrigerators, Washing Machines, TVs, ACs and more. Explore the latest range of Appliances for exciting deals & offers.

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Investment focus

  • Industry: Artificial Intelligence, E-Commerce, Health Care
  • Stage:Angel, Series A, Series C
  • Geography: China

Investor stats

  • Total investments: 18
  • Round size: Angel $142k–$1.4M; Series A $1.4M–$9.4M; Series C $2.1M–$820M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • TETRA Electronic — TETRA ELC is a manufacturer of robotic equipment that provides intelligent operation and maintenance solutions to the energy industry.
  • Vegetable Meat — New Vegetarian is a brand provider in the field of plant protein.
  • Shanghai Raas Blood Products — Shanghai Lai Shi Blood Products Co., Ltd. was established in 1988. It was listed on the Shenzhen Stock Exchange in 2008 (stock code: 002252) and is a well-known blood products company in Asia. Since its establishment 30 years ago, the company has been adhering to the quality policy of “safe, high quality and high efficiency” and has created 11products covering human blood albumin, human immunoglobulin and coagulation factors.
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Oriza Seed Capital (Oriza Yuandian)
VC Fund · Suzhou, Jiangsu, China · 3 investments in China Proptech startups

Oriza Seed Venture Capital, located in Suzhou Industrial Park, is held by Suzhou Oriza Holdings Ltd. Oriza Seed is a market-oriented investment platform. It looks for investment opportunities among early-stage and growth-stage enterprises in the fields of Healthcare and TMT. Oriza Seed has ample resources and experiences investing in the healthcarefield. By late March 2016, Oriza Seed has invested in more than 50 healthcare companies, including Ascentage Pharma, Innovent Biologics, and SceneRay Corporation.

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Investment focus

  • Industry: Manufacturing, Health Care, Medical
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 146
  • Round size: Seed $213k–$25M; Angel $425k–$14M; Series A $1.4M–$60M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Huihe Healthcare — Huihe Healthcare specializes in the development of medical devices for structural heart disease. The company was founded in 2019 and is headquartered in Shanghai, China.
  • Stairway Medical — Stairway Medical is a developer of implantable brain-computer interface technology.
  • Xiaolong Technology
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Gaorong Capital
VC Fund · Wangjing, Beijing, China · 3 investments in China Proptech startups

Gaorong Capital is a venture capital firm that focuses on early and growth stage investments in TMT, including AI and frontier technologies.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 280
  • Round size: Seed $2.8M–$57M; Series A $2.8M–$71M; Series B $14M–$120M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $1.2B in 2020

Portfolio highlights

  • GravityXR — GravityXR is an XR chip developer and a terminal equipment manufacturer serving the XR (AR/VR/MR) field, providing chip platforms for virtual reality, augmented reality and mixed reality as well as supporting hardware solutions, including platforms A complete set of technical services including software and technology suites includingapplication interfaces, key component selection, product prototype development support, etc.
  • PDD Holdings — Pinduoduo is an e-commerce platform allowing users to participate in group buying deals, mostly through Tencent’s Wechat app. The company was founded in 2015 and is based in Shanghai, China.
  • XYZ Robotics — XYZ Robotics develops AI-enabled robotic perception and manipulation technology for logistics and manufacturing automation. The company develops autonomous robotic solutions for put wall sorting and goods-to-person picking. Its robot sorts unorganized, random warehouse goods into groups of customer orders. The solution embodies its strength in deeplearning and robotics.
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Proptech Investor funding in China at a glance

Stats across 777 deals from 980 investors.

980
investors
in China Proptech startups
777
deals
in China Proptech startups
$7.1M
median round
in China Proptech startups
39%
lead investors
lead at least one round
27%
Series A
most common funding stage
97/3
VC / Angel
share of investor count

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