# Top 35 Sporting Goods VC (Venture Capital) Funds in China in June 2026 ## Eagles Fund - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 3 - Stages: Angel, Series A, Seed - Focus: Information Technology, Media and Entertainment, Internet Eagles Fund is a diversified angel fund and family fund. ## Beiruan Angle - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Series A, Angel, Seed - Focus: E-Commerce, Information Technology, Software Beiruan Angle is a professional angel investment institution. ## Ricebank - Type: VC Fund - Location: Hangzhou, Zhejiang, China - Relevant deals: 1 - Stages: Angel, Series A - Focus: Electric Vehicle, Travel, Hardware Ricebank is a comprehensive investment management company. ## KAIYUNTOUZI - Type: VC Fund - Location: Ningbo, Zhejiang, China - Relevant deals: 1 - Stages: Angel - Focus: Sporting Goods, Event Management, Media and Entertainment KAIYUNTOUZI specializes in private equity investment and entrusted asset management. ## China Equity - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Series A, Series B, Angel - Focus: Software, Internet, Information Technology ChinaEquity is China's private merchant bank engaging in VC, PE, Direct investments as well as investment management. It provides one-stop cross-border VC PE and direct investments to high-tech enterprises throughout the Greater-China Region.The company uniquely positions itself to the booming Chinese technology, media, telecommunications,biotechnology and environmental technology, sports, medicine and the natural resource industries, and aims to equilibrate the demand and the supply in the capital market and provide total solutions to all parties on the capital flow chain.Clear development strategy and innovative business model has helped ChinaEquity to achieve outstanding performances. Its resources and networks extend all over the Silicon Valley, Wall Street, Europe and Greater China. International strategic alliance and partnerships allow the company to be able to cover all stages of investment and financing. Since inception, ChinaEquity has achieved a promising portfolio of investments and has established a high-quality customer base.ChinaEquity fully understands the political, economic and cultural environment in Greater-China, is well experienced in international capital market operations, and familiar with development trend. The company maintains long-term and favorable communications with Chinese governmental bodies, international financial institutions and high-tech enterprises.ChinaEquity was founded in 1999 by Mr. Chao Y. Wang, formerly the Vice President and Beijing Chief Representative of Morgan Stanley Dean Witter. The senior partners and executives joined ChinaEquity from international and domestic renowned financial institutions and high-tech enterprises. ## Ameba Capital - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 1 - Stages: Angel, Series A, Seed - Focus: Software, E-Commerce, Information Services Ameba Capital is a Chinese venture capital firm that provides early and growth stage investments. Ameba Capital makes investments in the telecommunications, media, and technology industries, focusing on SaaS, AI, Digital Transformation and other disruptive technologies. ## PreAngel - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Angel, Seed, Series A - Focus: Internet, Software, Blockchain PreAngel is a 30M RMB investment fund focused on early stage internet startups. Investment on each project range from 100K to 1M RMB. In addition to investment, PreAngel plays a key role as "co-founder", providing guidance in startup operation, business model refinement and industry resources. ## Toread Holdings Group - Type: VC Fund - Location: Changping, Beijing, China - Relevant deals: 1 - Stages: Angel, Series A - Focus: Sports, Outdoors, E-Commerce Toread Holdings Group designs, manufactures, and retails camping and outdoor equipment. ## Prox Ventures - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 1 - Stages: Seed, Series A - Focus: Medical, Biotechnology, Health Care Proxima Ventures focuses in the healthcare industry, supporting outstanding enterprises with innovative technologies or service models that have tremendous potential.They manage multiple funds in RMB and US dollar, covering from seed to growth stages. Their team members with multidisciplinary backgrounds and resourceful networks, have many yearsof remarkable venture capital experience and achievements. They believe that active and effective collaboration with entrepreneurs will make substantial economic returns while bring meaningful improvements in public health. ## Dahe Ventures - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 1 - Stages: Angel, Series A, Series B - Focus: Information Technology, Apps, Education Dahe Ventures is an investment management company focused on private equity investment. ## Jinding Capital - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: Manufacturing, Health Care, Pet Jinding Capital is a leading industrial equity investment institution in China. ## Buhuo Ventures - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Series A, Angel, Seed - Focus: Food and Beverage, E-Commerce, B2B Buhuo Ventures invests in early and growing TMT and innovative consumer sectors. ## Redstone Capital - Type: VC Fund - Location: Wenzhou, Zhejiang, China - Relevant deals: 1 - Stages: Series A, Series B - Focus: Mobile, Medical, E-Commerce Redstone Capital is an equity investment and asset management company. ## Share Capital - Type: VC Fund - Location: Shenzhen, Guangdong, China - Relevant deals: 1 - Stages: Series A, Series B, Seed - Focus: Health Care, Medical, Biotechnology Share Capital is a venture capital firm specializing in seed, start-up, early, middle, growth capital, and Pre-IPO investments. it primarily invests in big living, medical healthcare, and internet innovation. In medical healthcare, it seeks to invests in pharmaceuticals, innovative equipment, biotechnology, diagnostic testing equipment andreagents, anti-infectives, drug discovery, medical health service, mobile medical services, and informatization. ## ShareLink Capital - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 1 - Stages: Series A, Angel, Seed - Focus: Manufacturing, Hardware, Software ShareLink Capital is a professional institution engaged in private equity investment. ## IDG Capital - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Series A, Series B, Series C - Focus: Software, Internet, E-Commerce IDG Capital is a global investment firm partnering with founders to build enduring businesses through capital, expertise, and long-term support. ## Blackbirdsport - Type: VC Fund - Location: Haidian, Beijing, China - Relevant deals: 1 - Stages: Series A - Focus: Sports, Hardware, Sporting Goods Blackbirdsport is an application for recording and sharing riding. ## The Linhui Fund - Type: VC Fund - Location: Changning, Shanghai, China - Relevant deals: 1 - Stages: Angel, Series A, Seed - Focus: Health Care, Manufacturing, Information Technology The Linhui Fund is an equity investment and angel investment firm. ## Ceyuan Ventures - Type: VC Fund - Location: Hong Kong, Hong Kong Island, Hong Kong - Relevant deals: 1 - Stages: Series A, Series B, Angel - Focus: Software, Internet, Mobile Ceyuan Ventures is a Beijing-based early stage venture capital firm focused on IT and emerging growth companies. They emphasize backing great teams, technology and business innovation. Their mission is to assist entrepreneurs in creating and building world-class businesses. ## Dark Horse Ventures - Type: VC Fund - Location: Haidian, Beijing, China - Relevant deals: 1 - Stages: Angel, Series A, Seed - Focus: Software, Information Technology, Education Dark Horse Venture is a venture capital firm that invests at early-stage startups in industrial internet and technology. ## Thunderstorm VC - Type: VC Fund - Location: Guangzhou, Guangdong, China - Relevant deals: 1 - Stages: Angel, Series A, Seed - Focus: Biotechnology, Information Technology, Apps Founded in June 2012, Thunderstorm VC is a well-known professional organization for angel investment / venture investment in South China. Thunderstorm Capital focuses on investment in the field of TMT, focusing on areas such as culture and education, entertainment media, consumer sharing, AI, robotics, Internet of Things, etc. ## Baozun Commerce - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 1 - Stages: Series A, Angel, Post-IPO Equity - Focus: Fashion, E-Commerce, Sales Baozun Commerce is a provider of brand management solutions in China. It is an e-commerce service partner founded in 2007.It focuses to help brands and retailers to become successful in China. Baozun provides end-to-end services, including web site design, development and hosting, IT infrastructure, customer service, warehousing and logisticsservices as well as digital marketing solutions.Baozun Commerce connects brands and consumers in China using their local know-how and robust e-commerce supply chain technology and services. It strives to protect and enhance brands’ images online while enabling increased engagement with Chinese consumers to drive sales and profit. ## ZTE Venture Capital Fund Management - Type: VC Fund - Location: Shenzhen, Guangdong, China - Relevant deals: 1 - Stages: Angel, Series A - Focus: E-Commerce, B2B, Industrial ZTE Venture Capital Fund Management is engaged in equity investment in non-listed companies in the TMT industry. ## BW Ventures - Type: VC Fund - Location: Chaoyang, Liaoning, China - Relevant deals: 1 - Stages: Angel, Seed, Series A - Focus: Software, Apps, Social BW Ventures is an investment firm. ## Innoangel Fund - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Angel, Seed, Series A - Focus: Artificial Intelligence, Manufacturing, Robotics Innoangel Fund is an investment firm that invests in early stage companies. ## Cenova - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 1 - Stages: Series A, Series B, Series C - Focus: Medical, Health Care, Biotechnology Cenova Capital is one of the earliest healthcare dedicated funds in China founded in 2010 by Dr Jun WU and is one of the earliest investors in private healthcare services and digital health, with helps to facilitate the transformation of healthcare in China from an exclusively state-owned system to a more efficient, market-oriented system. CenovaCapital is healthcare funds dedicated to early and growth-stage investments in the life sciences and healthcare sector in China. Since inception in 2010, Cenova now has five funds under management with investments in over 50 companies in healthcare services, pharmaceuticals, medical devices and digital heath. Cenova's investors are mainly large domestic and international institutional investors including Asian sovereign wealth funds, government institutions, insurance and financial institutions and multinational companies. ## GSR United Capital - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: Manufacturing, Robotics, Information Technology "Founded in 2009, GSR United Capital focuses on equity investment in high-tech industries, focusing on investment and M&A opportunities in advanced manufacturing, next-generation information technology, industrial Internet/digital enterprise services and other fields. GSR United Capital manages both RMB master funds and industrialfunds established with local governments. Since its establishment, GSR United Capital has received strong support from China's top market-oriented mother fund, government-guided fund, wealth management institutions, global 500 enterprises, listed companies and other institutions. Among them, investors with state capital background include Guochuang Yuanhe, Guochuang Kaiyuan, SDIC Unity Capital, China Merchants Venture, Suzhou Fund, Nanchang Industrial Control, Weifang Financial Holding Group, Dongguan Dongcheng, Zhangjiagang Jincheng Investment & Development Co., ltd, etc. Suzhou GSL Venture Capital Management Company, founded in 2011, is a private equity fund manager of the comprehensive fund of GSR United Capital (referred to as "" GSR United Capital ""), and completed the registration of private equity fund manager on May 20, 2014, with the serial number P1002246.""A+ stage is the main stage, the middle and late stage is the auxiliary"" The company focuses on equity investment in high-tech industry, focusing on the strategy of ""A+"" stage, with a capital allocation ratio of 60%. The project in this stage is between ""engineering"" and ""scale commercialization"", which is the ideal range of ""bargaining power"" and can win a high proportion of relative returns. At the same time, 40% of the project will be allocated in the middle and late stages. The middle and late stages refer to enterprises with IPO expectations within 2-3 years, and the investment will be completed within 60 months in the early stage of the fund investment period (exit will start in the third and fourth years), which will be used as the basic plate for anchoring returns.GSR United Capital has invested in more than 100 high-tech start-ups, including Great Wisdom Software (financial information terminal, 601519), eCARBON (high thermal conductivity graphite heat dissipation material, 603133), TZTEK (Precision, 688003), METRON (Diamond wire material, 603133) 300861), GTEP (sludge treatment and recycling, has started the board meeting), Niu (electric two-wheeler, NASDAQ: NIU), LATTICELIGHTING (LED silicon substrate technology and application), Freetech (unmanned driving), Marknum Technology (big data), xMate (light collaborative robot), TAGEIDRIVER (autonomous driving), HUIRUI (high-precision metal 3D printing), DYSO (CNC machine tool parts), NEWLINK GROUP (energy Internet), and many cross-border enterprises Industries such as LianLian (online payment), Xingyun Group (cross-border supply chain), Tec-Do (outbound brand digital marketing, Guangzhou), LAVA (smart guitar, Guangzhou), Shoplazza (outbound SaaS independent site construction tools, Guangzhou), E-ports (Internet for shipping industry), Chenhaiyun (sea-going compliance), Whalehouse.tech (intelligent warehousing), Huoyan (ABM intelligent marketing), Giiso (intelligent writing) and other excellent projects, which have won excess investment returns and social reputation. At present, the withdrawn projects include Great Wisdom Software (Financial information terminal, 601519), which has been fully withdrawn through listing, with return multiple reaching 8.96x, invested by GSR United Capital Phase I; TZTEK (Precision Measurement, 688003.STAR), fully exited through listing with return multiple reaching 2.74x, invested by GSR United Phase II and Botong Jinshi; eCARBON (high thermal conductivity graphite heat dissipation material, 603133), through the listing of all exit, return multiple reached 5x, invested by GSR United Capital Phase I Institute; METRON (Diamond Wire Materials, 300861), which was partially exited through listing with a return multiple of 4.5X and was invested by GSR United Phase III and Botong Jinshi Institute; Lebo Technology (cross-platform screen investment tool), partially exited through equity transfer, with a return multiple of 4.35x, invested by Botong Jinshi. Giiso (Intelligent Collaboration), which was partially withdrawn through equity transfer with a return multiple of 4.35x, was invested by Botong Jinshi.Zerowaste Asia Pte Ltd (ZA) was invested by Hongcheng RMB Fund, a subsidiary of GSR United Capital, in January 2017. It is committed to developing, producing and selling leading additives for heavy metal treatment. Its products have the characteristics of simple process, high efficiency, safety and environmental protection, and low cost. The company's valuation has grown from $58 million at the time of the investment to $142 million.Since February 2020, GSR United Capital has made more than 30 investments in the main fund. For example, it invested in Yuejing Technology (audio and video collaborative production tool) in February 2021, and the current multiple has reached 3.14 times. In September 2020, it invested in ZHICHUBAO.COM (procurement management SaaS platform), and the current multiple has reached 2.82 times. In April 2020, it invested in Starsee Intelligence (AI enabled military defense), and the current multiple has reached 2.81 times. Nahuo Technology Co., Ltd. received a subsequent round of investment from IDG, ZHICHUBAO.COM received a subsequent round of investment from Shunwei Capital, and Boqing Technology received a subsequent round of investment from KeyTone Ventures and Leaguer Capital." ## Zehou Touzi - Type: VC Fund - Location: Jiading, Shanghai, China - Relevant deals: 1 - Stages: Angel, Series A - Focus: Fashion, E-Commerce, Apps Zehou Touzi is an investment firm. ## Wedo Capital - Type: VC Fund - Location: Wenzhou, Zhejiang, China - Relevant deals: 1 - Stages: Seed, Angel, Series A - Focus: Biotechnology, Manufacturing, Legal Wedo Capital is an investment firm, focuses on the biomedical, energy, and intelligent manufacturing companies. ## Huading Touzi - Type: VC Fund - Location: Shenzhen, Guangdong, China - Relevant deals: 1 - Stages: Angel, Series C - Focus: Big Data, Software, E-Commerce Huading Touzi is an investment management, investment consulting, and equity investment firm. ## China Capital Investment Group - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 1 - Stages: Angel, Series C, Series B - Focus: Health Care, Education, E-Commerce Founded in 1995 with approval granted by the State Administration for Industry, the China Capital Investment (Group) Co., Ltd. (‘CCIG’) is registered in Shanghai with a registered capital of CNY300 million.CCIG seeks to optimize its investment structure as well as enhance its economic growth and competitive edge by fully harnessing theopportunities unleashed by changes in the global economic structure and China’s economic transformation. To this end, CCIG focuses on industry investments and capital operations and manages its assets in a professional and investment-centered manner that is at the same time grounded in industry experience.Currently, CCIG involves a number of areas, including mining, healthcare, real estate, cultural tourism, Information Technology, energy, and finance and securities. With a strong asset structure and abundant operational cash flow, CCIG is slated to grow its financial strength, establish more quality investment programs, implement excellent management and tap on a strong pool of professional talents as its assets take more a more international profile. ## Ningbo Angel Capital Guiding Fund - Type: VC Fund - Location: Ningbo, Zhejiang, China - Relevant deals: 1 - Stages: Angel, Series A, Seed - Focus: Hardware, Robotics, Software Ningbo Angel Capital Guiding Fund is a non-profit-oriented policy fund set up by the municipal government. ## Hammer Capital Management - Type: VC Fund - Location: Santa Barbara, California, United States - Relevant deals: 1 - Stages: Series A, Series B - Focus: Mobile, Big Data, Hardware Hammer Capital Management is a Santa Barbara based investment adviser specializing in technology sector growth investing. Despite the downturn in the technology sector, they believe that technology represents the future of their country, not the past. Accordingly, they believe that long term growth investors are well advised to considerestablishing portfolios in key leadership technology companies for the economic upturn that lies ahead. ## Henggu Touzi - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 1 - Stages: Angel - Focus: E-Commerce, Consumer Goods, Sporting Goods Henggu Touzi is an investment management firm. ## Plum Ventures - Type: VC Fund - Location: Changzhou, Zhejiang, China - Relevant deals: 1 - Stages: Series A, Angel, Seed - Focus: E-Commerce, Manufacturing, Software Plum Ventures is a venture capital company that aims to encourage young people to become entrepreneurs. It specializes ins providing seed and early-stage investments in the technology, new media, and telecommunications industry. The firm was founded in May 2014 and is based in Changzhou, China. # About Shizune Shizune.co is an investor database. Core features: - 48,091 startup investors (angels, VCs, accelerators, and others) - Email, phone, LinkedIn (for intros), socials, and other contact data - Updated daily from public funding news - CSV and Excel export The User can access the full database FOR FREE after signing up: shizune.co