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Top 50 Wine and Spirits VC Funds & Investors in Asia (November 2026)

The most active venture capital funds investing in Asia Wine And Spirits startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Asia Wine And Spirits startup companies. Find investors to raise a Seed, Series A or Angel round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Challenjers Capital
VC Fund
4 China, United States, Japan Series A, Angel, Seed Manufacturing, Food and Beverage, E-Commerce $456k–$15M
Hillhouse Investment
VC Fund
4 China, United States, Singapore Series B, Series A, Series C Biotechnology, Health Care, Medical $3M–$300M
CPE
VC Fund
3 China, United States, Israel Series A, Series B, Series C Manufacturing, Health Care, Artificial Intelligence $2.8M–$1B
Dayone Capital
VC Fund
3 China, United States Series A, Seed, Series B Manufacturing, Food and Beverage, Battery $10M–$295M
Ginkgo Gofar Group
VC Fund
2 China, Hong Kong, United States Series A, Angel, Series B Internet, Education, Health Care $425k–$25M
Convivialite Ventures
VC Fund
2 United States, China, India Series B, Series A, Series D E-Commerce, Food and Beverage, Delivery $9M–$160M
The Hina Group
VC Fund
2 China, Hong Kong, United States Series A, Angel, Series B Health Care, Artificial Intelligence, Medical $425k–$36M
Wavemaker Ventures
VC Fund
2 United States, Singapore, Philippines Seed, Series A, Venture - Series Unknown Software, E-Commerce, Information Technology $650k–$18M
Nissay Capital
VC Fund
2 Japan, United States, Ethiopia Venture - Series Unknown, Seed, Series A Health Care, Software, Information Technology $455k–$11M
Zhongjin Huicai
VC Fund
2 China Angel, Series A, Seed Media and Entertainment, Gaming, Mobile $480k–$16M
Hankou Fund
VC Fund
2 China Seed, Angel, Series A CRM, Hotel, Rental $1.1M–$4M
Orbit Ventures
VC Fund
2 China, United States, India Seed, Pre-Seed, Convertible Note E-Commerce, Software, Artificial Intelligence $30k–$20M
Wuliangye Yibin
VC Fund
2 China Angel, Series A, Series D Manufacturing, Aerospace, Wine and Spirits $481k–$490k
Hanshi Investment
VC Fund
2 China, United States Seed, Series A, Angel Information Technology, Artificial Intelligence, Winery $826k–$6.9M
Hejun Capital
VC Fund
2 China Angel, Series A, Series B Food and Beverage, Information Technology, E-Commerce $283k–$72M
SOSV
VC Fund
2 United States, China, Canada Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software $25k–$5M
Hanyin Innovation Equity Fund
VC Fund
2 China Seed, Angel Winery, Manufacturing, Service Industry $1.4M–$4M
Money Forward Venture Partners
VC Fund
2 Japan, United States, Hong Kong Seed, Series A Information Technology, Software, Artificial Intelligence $644k–$33M
Matrix Partners China
VC Fund
2 China, United States, Singapore Series A, Series B, Seed Health Care, Software, Information Technology $1.2M–$137M
CITIC Agriculture
VC Fund
2 China, Japan Series A, Series B, Seed Agriculture, Manufacturing, Wine and Spirits $2.9M–$148M
Source Code Capital
VC Fund
2 China, United States, Singapore Series A, Series B, Series C Artificial Intelligence, Software, E-Commerce $1.5M–$200M
Beijing Shengchu Touzi Guanli Zixun Youxian Gongsi
VC Fund
1 China Series A Sales, Manufacturing, Wine and Spirits
Xin Yuanjing Youcheng
VC Fund
1 China Angel Manufacturing, Customer Service, Wine and Spirits
Country Garden
VC Fund
1 China Series B, Series C, Series A Internet, Food and Beverage, Health Care
Shanghai Baoyu Zichan Guanli
VC Fund
1 China Angel Sales, Industrial, Wine and Spirits
Runwu Konggu
VC Fund
1 China Angel, Series A Manufacturing, Printing, Brand Marketing
Transfar Chemicals
VC Fund
1 China Seed, Series A Software, Logistics, Food Processing
Zhongnan Jituan
VC Fund
1 China Angel, Series A Sales, Big Data, Database
Oriental Fortune Capital
VC Fund
1 China, United States, Hong Kong Series A, Series B, Seed Manufacturing, Software, Artificial Intelligence $1.5M–$100M
Tisiwi Ventures
VC Fund
1 China, United States Angel, Seed, Series A E-Commerce, Software, Artificial Intelligence $81k–$15M
Daocin Capital
VC Fund
1 China, United States Angel, Series A, Seed Robotics, E-Commerce, Enterprise $425k–$16M
BA Capital
VC Fund
1 China, Spain, Hong Kong Series B, Series A, Venture - Series Unknown Food and Beverage, Retail, E-Commerce $8.7M–$122M
Everbright Financial Holding Asset Management
VC Fund
1 China, United States Series A, Angel, Series C Manufacturing, Energy, Food and Beverage $425k–$1.6M
Makuake
VC Fund
1 Japan, United States Product Crowdfunding, Equity Crowdfunding, Seed E-Commerce, Manufacturing, Food and Beverage $5k–$5.1M
HSG
VC Fund
1 China, United States, Hong Kong Series A, Series B, Series C Health Care, Biotechnology, Artificial Intelligence $4.4M–$200M
Buhuo Ventures
VC Fund
1 China Series A, Angel, Seed Food and Beverage, E-Commerce, B2B $140k–$16M
Gaorong Capital
VC Fund
1 China, United States, Singapore Series A, Series B, Seed Artificial Intelligence, Information Technology, Software $1.6M–$110M
DOGAN beta
VC Fund
1 Japan, United States Seed, Venture - Series Unknown, Series A Information Technology, Apps, Software $233k–$21M
Fuhai Yintao
VC Fund
1 China Angel, Series A AgTech, Farming, Parking $425k–$1.5M
MAKOTO Capital
VC Fund
1 Japan Venture - Series Unknown, Series A Medical, Manufacturing, Software $95k–$4.8M
Suzhou Nongfa Innovation Capital
VC Fund
1 China Series A, Angel, Series B Industrial, Sales, Coffee
JAFCO Group
VC Fund
1 Japan, United States Series B, Series C Information Technology, Software, E-Commerce $3.1M–$283M
Huagai Capital
VC Fund
1 China, United States, Hong Kong Series A, Series B, Angel Health Care, Biotechnology, Medical $444k–$90M
Bridge Capital China
VC Fund
1 China Series A, Angel, Seed Manufacturing, Electronics, Industrial $8.1k–$73M
Yonghua Capital
VC Fund
1 China, United States, Canada Series A, Series B, Seed Manufacturing, Health Care, Artificial Intelligence $158k–$72M
China Capital Investment Group
VC Fund
1 China, Thailand, Hong Kong Angel, Series C, Series A Health Care, Education, E-Commerce $425k–$145M
Plum Ventures
VC Fund
1 China, United States, Hong Kong Series A, Angel, Seed E-Commerce, Manufacturing, Software $425k–$28M
Spiral Ventures
VC Fund
1 Japan, India, Indonesia Seed, Series A, Series B E-Commerce, Information Technology, Internet $500k–$103M
Country Garden Venture Capital
VC Fund
1 China, France, Germany Series A, Series C, Seed Manufacturing, Biotechnology, Retail $1.5M–$1.5B
Innoangel Fund
VC Fund
1 China, United States, Hong Kong Angel, Seed, Series A Artificial Intelligence, Manufacturing, Robotics $425k–$29M
Access all 50 VC funds in Asia Wine And Spirits startups.

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

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Investor list

Challenjers Capital
VC Fund · Beijing, Beijing, China · 4 investments in Asia Wine And Spirits startups

Challenjers Capital invests in China, and help build iconic brands of tomorrow. They determined to invest in the start-ups, which create authentic products and services, instead of companies, which inflate their margins with marketing fees.

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Investment focus

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

Investor stats

  • Total investments: 56
  • Round size: Seed $4M–$10M; Angel $456k–$1.5M; Series A $1.5M–$15M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Outopia — Outopia was established in China by a team of trail running champions and seasoned professionals from international luxury and sports brands. We create products that are engineered for performance and thoughtfully designed. Our goal: to enable meaningful experiences that transcend the gear itself.
  • ANYCUBIC — ANYCUBIC manufactures, supplies, and sells, electrical, and electronics appliances and products.
  • Shangbai Global — Shop Bedsure blankets, bamboo and organic cotton sheets, duvet covers, comforters and heated throws. Cozy bedding chosen by over 100 million families.
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Hillhouse Investment
VC Fund · Singapore, Central Region, Singapore · 4 investments in Asia Wine And Spirits startups, 17 in the past 12 months

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 equity firm, 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, Medical
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 462
  • Round size: Series A $3M–$153M; Series B $14M–$219M; Series C $16M–$300M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — raised $1.4B in 2023

Portfolio highlights

  • GOFO — GOFO provides last-mile parcel delivery and e-commerce logistics services for brands, marketplaces, and other business customers. Its services include parcel shipping, delivery through Delivery Service Partner networks, real-time package tracking, proof of delivery, customer support, and logistics coordination. GOFO uses automated sorting, warehousing, dispatch, route optimization, and linehaul operations to manage parcel movement from collection through final delivery.
  • KMC Solutions — Build global teams in the Philippines and Colombia with KMC's Employer of Record, recruitment, HR, payroll, and flexible office solutions.
  • EtherTech — EtherTech is a a company specializing in intelligent physical space infrastructure.
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CPE
VC Fund · Beijing, Beijing, China · 3 investments in Asia Wine And Spirits startups

CPE is a leading alternative asset manager, with asset classes spanning private equity, mezzanine and the public market. Founded in 2008 by a world class team of investment professionals and supported by over 200 domestic and international investors, CPE knows China like no one else and is a globally minded long-term value investor. The firm uses its sector expertise to generate deal flow and drive the value creation work during the post-investment stage. CPE follows a disciplined investment approach to preserve and grow its investors’ capital. The firm’s private equity portfolio of more than 100 companies is highly diversified by sector and stage of investment. CPE takes pride in its forward-looking investment philosophy and works hard to create value over the long-term for its investors and a better world. For more information, please visit www.citicpe.com.

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Investment focus

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

Investor stats

  • Total investments: 109
  • Round size: Series A $2.8M–$1B; Series B $14M–$300M; Series C $42M–$400M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • DeepSeek — DeepSeek is an artificial intelligence company that develops language models, AI-powered applications, and developer tools for information processing, problem-solving, and software development. Its product portfolio includes a conversational assistant for answering questions, generating text, explaining concepts, writing code, and supporting analytical tasks. The company provides models such as DeepSeek V4.1 Flash and DeepSeek V4, which support reasoning, programming, and other general-purpose AI applications. Through its API platform, DeepSeek enables developers and businesses to integrate its models into software, automated workflows, and AI-powered services. It also publishes technical research, model documentation, and open-weight model releases that allow developers to explore and deploy supported models in their own environments. DeepSeek's services serve individual users, programmers, researchers, and organizations seeking AI tools for everyday tasks, technical development, and application building.
  • ModelBest — Mianbi Smart enables large-scale model acceleration and application execution using artificial intelligence.
  • Orange Connex Global UK Limited — Orange Connex Global UK Limited is a technology-led fourth-party logistics provider (4PL) to enable global supply chains.
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Dayone Capital
VC Fund · Shenzhen, Guangdong, China · 3 investments in Asia Wine And Spirits startups

Dayone Capital is a multi-stage consumer specialist investment manager

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Investment focus

  • Industry: Manufacturing, Food and Beverage, Battery
  • Stage:Series A, Seed, Series B
  • Geography: China, United States

Investor stats

  • Total investments: 22
  • Round size: Seed $10M–$14M; Series A $20M–$94M; Series B $15M–$295M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: May invest from a new fund soon — raised $630M in 2021

Portfolio highlights

  • Feituo Xingchi — Feituo Xingchi is an innovative technology company specializing in the development of AI-powered interactive products, creating intelligent and engaging solutions that enhance user experiences across a wide range of digital applications and industries.
  • Linchao Jewelry — Linchao Jewelry focuses on genuine handcraftsmanship, incorporating modern Chinese design elements into its products, which are highly popular with consumers.
  • Juewu Technology — Juewu Technology focuses on heavy-duty all-terrain robotics.
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Ginkgo Gofar Group
VC Fund · Shenzhen, Guangdong, China · 2 investments in Asia Wine And Spirits startups

Founded in 2003, Ginkgo Investment Group is a leading China private equity firm based in Shenzhen, within the close proximity of Hong Kong.Under fund manager and CEO Cliff Lin’s leadership, with a wealth of investment experience spanning across 27 years, the net asset value of Ginkgo has grown to RMB6.2bn in February 2016, from RMB32.6mn in April2003 with an impressive compound annual growth rate of 49.99%.The investment management professionals at Ginkgo has a wealth of experience in various sectors in China.Gingko strives to be the incubator and investor of choice for entrepreneurs who share the same vision.

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Investment focus

  • Industry: Internet, Education, Health Care
  • Stage:Series A, Angel, Series B
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 21
  • Round size: Angel $425k–$3.1M; Series A $1.4M–$25M; Series B $2.9M–$15M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Keaixue — Keaixue provides school counseling, life care, habit cultivation, training and cultural counseling for children from 3 to 12 years old.
  • Lifesprout — LifeSprout was founded in September 2015 by leading scientists and surgeons at Johns Hopkins University to develop the next generation of soft tissue restoration products for the aesthetic and reconstructive markets. Our mission is to develop revolutionary products for soft tissue replacement and re
  • Tingkaixin — Stop Happy is a urban smart parking technology company providing digital parking operation services with AI technology & big data.
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Convivialite Ventures
VC Fund · San Francisco, California, United States · 2 investments in Asia Wine And Spirits startups

Created in 2017, Convivialité Ventures, is the venture arm of Pernod Ricard and is based in San Francisco . By nurturing entrepreneurship, Convivialité plays a key role in the development of innovative and inspiring new offerings that not only embrace, but also shape, the future evolution of socializing.

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Investment focus

  • Industry: E-Commerce, Food and Beverage, Delivery
  • Stage:Series B, Series A, Series D
  • Geography: United States, China, India

Investor stats

  • Total investments: 48
  • Round size: Series A $9M–$20M; Series B $16M–$160M; Series D $35M–$135M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Daki — Daki is a mobile application that delivers purchases in seconds.
  • DHARMA — Travel-brand-as-a-service
  • Boisson — Boisson curates the best collection of non-alcoholic, nonalcoholic and alcohol-free spirits, non-alcoholic, nonalcoholic and delcoholized wines, non alcoholic beers, mixology supplies including shrubs, syrups, mixers, and more. We offer the fastest local delivery in NYC, and free shipping on almost all orders over $125
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The Hina Group
VC Fund · San Francisco, California, United States · 2 investments in Asia Wine And Spirits startups

Since The Hina Group's founding in 2003, They have become one of China's leading cross border investment banking and private equity firms. They leverage Their international experience, world-wide network, and local expertise to help China's top enterprises realize their global aspirations while providing Their international partners, investors, and clients with the means to capitalize on emerging opportunities in China. Their team of over 50 professionals cooperates through Their offices in Beijing, Shanghai, and San Francisco to generate value for Their clients and partners by integrating world-class financial advice with in-depth knowledge of the Chinese market. Furthermore, Their investment banking and private equity businesses work synergistically to help Their clients and portfolio companies reach their maximum potential.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Medical
  • Stage:Series A, Angel, Series B
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 49
  • Round size: Angel $425k–$10M; Series A $1.6M–$14M; Series B $3.2M–$36M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • saisi — saisi focuses on the development, production, and sales of time and frequency system solutions.
  • Liying Bio — Liying Bio is a biotechnology company that specializes in the development of innovative biological protein products.
  • Hydrogen New Technology — Hydrogen New Technology is a technology company engaged in the miniaturization technology and industrialization of high-temperature proton exchange membrane fuel cells
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Wavemaker Ventures
VC Fund · Singapore, Central Region, Singapore · 2 investments in Asia Wine And Spirits startups

Wavemaker Group is a cross-border venture capital firm founded in 2003 and one of the most active early-stage investors across multiple funds.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, Philippines

Investor stats

  • Total investments: 553
  • Round size: Seed $750k–$4.3M; Series A $2.2M–$18M; Venture - Series Unknown $650k–$8M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $1.9M in 2023

Portfolio highlights

  • uHoo — uHoo monitors and manages your indoor environment to help you create healthier, safer and more comfortable homes and workplaces.
  • Shikho — Shikho is a Bangladeshi education technology company on a mission to revolutionise the way Bangladesh learns today and democratise access to a high quality education. It is building a hyper-localised digital learning ecosystem designed specifically for the Bangladeshi national curriculum to serve a growing total addressable market of ~42 millionstudents. "Shikho - The Learning App" is available on the Google Play Store.
  • Blue Whale Energy — Blue Whale Energy empowers businesses to maximize energy storage, driving a smarter, cleaner, and more reliable energy.
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Nissay Capital
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Asia Wine And Spirits startups

Nissay Capital is a venture capital Company specializing in seed, start-up, growth capital, middle stage, and later stage investment.

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Investment focus

  • Industry: Health Care, Software, Information Technology
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Japan, United States, Ethiopia

Investor stats

  • Total investments: 349
  • Round size: Seed $455k–$4.5M; Series A $1.2M–$11M; Venture - Series Unknown $899k–$7M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $92M in 2019

Portfolio highlights

  • Indent — Indent creates products that help writers create original works such as novels, manga, screenplays, and game scenarios. They will work to create an environment in which artists can focus on their creations and enjoy sharing their work.
  • Spectronix — Spectronics is a development of new technologies and new applications to bring about innovation, focusing on the future of laser technology.
  • Zeal Boxing Fitness — Zeal Boxing Fitness combines power of sports with the power of technology to provide a service that allows to enjoy fitness.
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Zhongjin Huicai
VC Fund · Beijing, Beijing, China · 2 investments in Asia Wine And Spirits startups

Zhongjin Huicai invests in new finance, new media, consumer upgrades, and more.

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Investment focus

  • Industry: Media and Entertainment, Gaming, Mobile
  • Stage:Angel, Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 10
  • Round size: Angel $480k–$4.2M; Series A $1.5M–$16M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Guxiaojiu — Guxiaojiu is a Chinese liquor brand specializing in wine.
  • Ins Health — Yingshi Health is a full-process one-stop technology platform for health insurance product innovation through the establishment of a health insurance micro-ecology - PUMCH model, the ecological content includes Product product innovation services, Underwriting online intelligent underwriting, Medical medical management, Claim online intelligentclaims, Health management Five parts. It has led the innovation of mid-end medical insurance, million medical insurance, elderly cancer prevention insurance, and patient medical insurance in the industry.
  • Insurance Chacha — Insurance Chacha is an insurance information and intelligent decision platform.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Hankou Fund
VC Fund · 2 investments in Asia Wine And Spirits startups

Hankou Fund is a domestic asset management and wealth management fund.

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Investment focus

  • Industry: CRM, Hotel, Rental
  • Stage:Seed, Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 8
  • Round size: Seed $1.1M–$4M; Angel $1.4M–$3.9M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Yuanqi Zhanfa — Vibration Intelligence is a leading developer specializing in the design and creation of advanced, high-end sensing systems that offer unparalleled precision and performance.
  • Shangji Technology — Shangji Technology is an information platform and think tank that focuses on technology & investment, offering customers industry research.
  • Shangyue Intelligence — Shangyue Intelligence is an industry-education integrated tech company offering data services, AI solutions, and talent training.
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Orbit Ventures
VC Fund · Singapore, Central Region, Singapore · 2 investments in Asia Wine And Spirits startups, 32 in the past 12 months

Orbit helps scale breakthrough startups from around the globe across emerging and frontier markets.

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Investment focus

  • Industry: E-Commerce, Software, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: China, United States, India

Investor stats

  • Total investments: 577
  • Round size: Seed $100k–$2M; Pre-Seed $100k–$1M; Convertible Note $30k–$20M
  • Lead/follow: 73% lead, 27% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • i4TECH — Modular, scalable, fully managed manufacturing digital solutions that enable your AI adoption. Moving Industry 4.0 forwards with a unified, comprehensive data driven approach
  • Qanary — Qanary is a digital second-opinion platform designed to help radiologists detect cancer at its earliest, most treatable stages.
  • openmed — OpenMed provides digital healthcare services, telemedicine, pharmacy products, diagnostics, and medication delivery.
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Wuliangye Yibin
VC Fund · Yibin, Sichuan, China · 2 investments in Asia Wine And Spirits startups

Wuliangye Yibin is a Chines liquor company that engages in the production and distribution of liquor and its related products. Through its subsidiaries, the Company also manufactures carbon and lactic acid and has operation in printing and packaging materials businesses. The company was founded on August 1997 and is headquartered in Yibin, China.

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Investment focus

  • Industry: Manufacturing, Aerospace, Wine and Spirits
  • Stage:Angel, Series A, Series D
  • Geography: China

Investor stats

  • Total investments: 7
  • Round size: Angel $481k–$490k
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Aerospace Yuxing — Aerospace Yuxing provides global space infrastructure construction and operation services.
  • Heguang Tongcheng — Heguang Tongcheng manufactures batteries, provides technical services for solar power generation, and manufactures photovoltaic equipment and components.
  • Sichuan Black Tea Industry Group — Sichuan Black Tea Industry Group is an agricultural company that is involved in the planting, production, and processing of tea leaves.
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Hanshi Investment
VC Fund · 2 investments in Asia Wine And Spirits startups

Hanshi Investment is an investment firm.

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Investment focus

  • Industry: Information Technology, Artificial Intelligence, Winery
  • Stage:Seed, Series A, Angel
  • Geography: China, United States

Investor stats

  • Total investments: 5
  • Round size: Seed $826k–$4M; Series A $5.1M–$6.9M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • SeekfilAI — SeekfilAI develops AI-powered document search products.
  • Wangelian — Wangelian develops multi-scenario mobile refrigeration and disinfection equipment.
  • YconityAI — Yconity AI assists business users by automating all tasks with the use of AI.
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Hejun Capital
VC Fund · Beijing, Beijing, China · 2 investments in Asia Wine And Spirits startups

Hejun Capital is a private equity and venture capital firm.

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Investment focus

  • Industry: Food and Beverage, Information Technology, E-Commerce
  • Stage:Angel, Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 51
  • Round size: Angel $283k–$3M; Series A $1.4M–$5.8M; Series B $3.3M–$72M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Yunwujie — Yunwujie is a provider of trading platform and SaaS management. It focuses on cross-border e-commerce logistics industry, provide trading platform + SaaS management.
  • Shishilian — Shishilian provides agricultural products such as mushrooms, vegetables, meat, fish, flowers, fruit, grains, tea, coffee, seafood, and alcoholic beverages.
  • Lucky Pigeon — Lucky Pigeon Platform is a network freight platform. They engaged in the business of the platform, which involves the transportation of bulk agricultural products, mainly feed materials such as soybean meal and corn.They work on the future of agriculture, animal husbandry, and grain transportation.
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SOSV
VC Fund · Princeton, New Jersey, United States · 2 investments in Asia Wine And Spirits startups

SOSV offers pre-seed capital and follow-on financial support to startups focusing on deep technology and scientific innovation. Founders utilize purpose-built laboratory facilities and engineering spaces to accelerate product development and testing. The firm facilitates connections between entrepreneurs and a network of investors through structured matchmaking events and technology summits.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, China, Canada

Investor stats

  • Total investments: 3821
  • Round size: Seed $125k–$5M; Pre-Seed $25k–$1.5M; Convertible Note $50k–$3.6M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $306M in 2023

Portfolio highlights

  • Halla — Halla Intelligence is a digital solution that leverages over 100 billion shopper and product data points to recommend and promote what grocery items.
  • Verdex Technologies — Verdex Technologies is an advanced materials platform technology that uses nanofibers to disrupt industries. Verdex doesn't just compete, it innovates and disrupts.
  • Samphire Neuroscience — Samphire Neuroscience builds clinically validated neurotechnology to support women across their lives. Our wearable devices, Nettle™ and Lutea™, are built on the same underlying brain-stimulation technology, targeting neural pathways involved in pain, mood, stress, and sleep regulation. - Lutea™ is available globally as a wellness device. Itstimulates the same regions of the brain to support stress regulation, sleep, and recovery - key drivers of readiness and long-term performance - allowing athletes and teams to move beyond wellbeing education alone to practical, evidence-based intervention. - Nettle™ is a CE-marked (EU and UK regulated), drug- and hormone-free device that has been clinically shown to improve pain, mood, functionality, and the ability to train during the menstrual cycle, with measurable benefits after one month of use - supporting athletes to maintain training intensity and movement quality during their period. - The Samphire App is the platform controlling all Samphire hardware products with the use of CycleSync™ AI technology: the only one of its kind to support personalized neurotechnology use for women.
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Hanyin Innovation Equity Fund
VC Fund · 2 investments in Asia Wine And Spirits startups

Hanyin Innovation Equity Fund is an investment fund.

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Investment focus

  • Industry: Winery, Manufacturing, Service Industry
  • Stage:Seed, Angel
  • Geography: China

Investor stats

  • Total investments: 3
  • Round size: Seed $1.4M–$4M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Gongyiwei — Gongyiwei is a comprehensive cultural wine company.Gongyiwei is a top brand in the fruit wine market.It uses the best ingredients and brews healthy quality. It has a stringent brewing procedure and uses high-quality black fruits and rare glutinous rice as basic ingredients.
  • Zhiqu Auto Repair — Zhiqu Car Repair is a gas repair platform that utilizes advanced technologies like artificial intelligence, big data analysis, and the Internet of Things to enhance efficiency, real-time customer response, and predictive maintenance.
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Money Forward Venture Partners
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Asia Wine And Spirits startups

Money Forward Venture Partners operates HIRAC FUND, a seed fund specializing in seed and early-stage startups.

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Investment focus

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

Investor stats

  • Total investments: 51
  • Round size: Seed $644k–$12M; Series A $892k–$33M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $28M in 2020

Portfolio highlights

  • bellFace — bellFace is an InsideSales System specialized targetted for Business to business sales customer support.No log in, no installation required. No matter where you are, it connects in 5 seconds becacuse it operates in the browser (patented). The audio system is connected through the telephone lines, there is no interruption like with Web meetingsystems. bellFace which is specific to sales, comes with document sharing and script function, so your experience is just like face to face communication . It is also suited for inside sales.
  • WineBank — "WineBank" is a real-time online wine management and investment solution that we offer. In addition to operating a restaurant, it runs a sales company for food, drink, and other items.
  • Mourning Clothes Rescue — Mourning Clothes Rescue operates a specialized clothing rental model utilizing automated, 24-hour unmanned storefronts. Users complete reservations and payments through smartphones to instantly access physical retail outlets via smart locks. This continuous availability solves the immediate challenge of acquiring formal attire on short noticeduring unexpected bereavement. By removing traditional staff overhead, the system passes cost efficiencies to consumers while providing private, on-site fitting options and long-term rental periods.
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Matrix Partners China
VC Fund · Beijing, Beijing, China · 2 investments in Asia Wine And Spirits 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 gone on 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, Software, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 763
  • Round size: Seed $1.2M–$74M; Series A $2.3M–$52M; Series B $9.5M–$137M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $92M in 2023

Portfolio highlights

  • Camera360 — Camera360 is a mobile photo editing and selfie camera app that offers filters, beautification, and creative effects. It uses AI-based features like face detection, skin smoothing, beautification, and auto-enhancement to improve photos. The app also includes AI-powered effects such as makeup filters, portrait retouching, and scene optimization for images.
  • Hefei Keye — Hefei Keye is a private company that specializes in producing various general-purpose mechanical items and vacuum machines. The organization places a high priority on technological innovation and has purchased a variety of cutting-edge tools to satisfy its R&D requirements.
  • Hydrogen Phoenix Technology — Hydrogen Phoenix Technology specializes in the research, development, and industrialization of energy technologies.
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CITIC Agriculture
VC Fund · Beijing, Beijing, China · 2 investments in Asia Wine And Spirits startups

CITIC Agriculture serves as the only platform to plan and execute CITIC Limited’s agriculture investment strategy. CITIC Agriculture focuses on agricultural biotechnology with a mission of upgrading China’s agricultural industry. Leveraging CITIC Limited's advantages in capital, branding and internationalisation, CITIC Agriculture today is building and shaping globally competitive agricultural companies.

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Investment focus

  • Industry: Agriculture, Manufacturing, Wine and Spirits
  • Stage:Series A, Series B, Seed
  • Geography: China, Japan

Investor stats

  • Total investments: 11
  • Round size: Series A $15M–$148M; Series B $2.9M–$122M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Maisheng — Maisheng is Mengniu Group's professional sports nutrition brand.
  • Qihe Biotech — Qihe Biotech develops novel genome editing technologies with an emphasis on making them autonomous and programmable.
  • Shihang Intelligent — Shihang Intelligent is a company that creates water robots and intelligent unmanned equipment. It requires "the ability to fight in wartime and respond in emergencies, with a focus on independent research and development, production, and sales of water robots and intelligent unmanned equipment. The company focuses on surface/underwaterspecial operation robots and takes "being able to fight in wartime, respond in emergencies, and provide peacetime services"
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Source Code Capital
VC Fund · Chaoyang, Liaoning, China · 2 investments in Asia Wine And Spirits startups, 25 in the past 12 months

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

Investor stats

  • Total investments: 376
  • Round size: Series A $1.5M–$50M; Series B $14M–$120M; Series C $30M–$200M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $580M in 2021

Portfolio highlights

  • Flowtica — Flowtica provides Scribe, an AI smart pen that records, highlights, tracks notes with FlowTran, and converts them into structured summaries.
  • FlipFlop Tuoyuan — FlipFlop Tuoyuan develops advanced hardware and system architectures for fault-tolerant quantum computing utilizing neutral-atom routes and Rydberg atom optical tweezer arrays. The company leverages an AI-native research methodology to embed autonomous machine learning agents into experimental physics design, data processing, and equipment control. Its core value proposition centers on scale expansion targeting a baseline 100-logical-qubit system to build functional, error-corrected quantum computers.
  • Chuangcai Advanced Education — Chuangcai Advanced Education is a high-tech company that specializes in artificial intelligence and innovative materials.
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Beijing Shengchu Touzi Guanli Zixun Youxian Gongsi
VC Fund · Beijing, Beijing, China · 1 investments in Asia Wine And Spirits startups

Beijing Shengchu Touzi Guanli Zixun Youxian Gongsi is an investment firm that provides asset management and investment management services.

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Investment focus

  • Industry: Sales, Manufacturing, Wine and Spirits
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Pin Hu Tang — Pin Hu Tang manufactures and sells different flavored liquor products.
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Xin Yuanjing Youcheng
VC Fund · 1 investments in Asia Wine And Spirits startups

Xin Yuanjing Youcheng is an investment firm.

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Investment focus

  • Industry: Manufacturing, Customer Service, Wine and Spirits
  • Stage:Angel
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Shaanxi Xifeng Liquor — Shaanxi Xifeng Liquor Co,.LTD is a flavored liquor manufacturing company.
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Country Garden
VC Fund · Foshan, Guangdong, China · 1 investments in Asia Wine And Spirits startups

Country Garden is a residential property management service provider. It provides property management services to residential apartments, multifunctional complex buildings, government and public facilities, industrial parks, highway service stations, and schools. It was founded in 1992 and is headquartered in Foshan, Guangdong.

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Investment focus

  • Industry: Internet, Food and Beverage, Health Care
  • Stage:Series B, Series C, Series A
  • Geography: China

Investor stats

  • Total investments: 23
  • Lead/follow: no public data

Portfolio highlights

  • Wenheyou — Wenheyou operates a range of food and beverage brands.
  • ACXEL Tech — ACXEL Tech develops large area electronics have given us flat panel displays and flexible, wearable devices. ACXEL takes these ‘active’ pixels and puts them to work transporting liquid droplets – precisely and at amazing speed.Millions of pixels are transformed into tiny engines moving samples around via a high throughput, low cost andprogrammable platform, offering a wide range of possibilities in chemistry, biology and medtech.
  • ChromX Health — ChromX Health is an intelligent breath analysis platform.
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Shanghai Baoyu Zichan Guanli
VC Fund · Shanghai, Shanghai, China · 1 investments in Asia Wine And Spirits startups

Shanghai Baoyu Zichan Guanli is an asset management and investment consulting firm.

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Investment focus

  • Industry: Sales, Industrial, Wine and Spirits
  • Stage:Angel
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • LIUYANGHE LIQUOR — LIUYANGHE LIQUOR is a brand and seller of wine products.
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Runwu Konggu
VC Fund · Haidian, Beijing, China · 1 investments in Asia Wine And Spirits startups

Runwu Konggu is an investment firm.

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Investment focus

  • Industry: Manufacturing, Printing, Brand Marketing
  • Stage:Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Xiaoxiang Zhihe — Xiaoxiang Zhihe is a packaging innovation Internet service platform from design to production. Xiaoxiang Zhihe focuses on professional packaging innovation, providing brands with product strategy, packaging creative design and structure development, brand color consistency management, sample production, packaging and printing production managementand other services. Xiaoxiang Zhihe is committed to recreating an industrial Internet platform in China’s printing and packaging industry to centralize and online decentralized production capacity. At present, the company’s self-developed packaging and printing supply chain management platform connects more than 40 excellent design institutions and The 200 member factories provide a more convenient design innovation, flexible manufacturing, high-efficiency and high-quality intelligent supply chain service platform for the packaging upgrade of Chinese brands.
  • Shaanxi Xifeng Liquor — Shaanxi Xifeng Liquor Co,.LTD is a flavored liquor manufacturing company.
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Transfar Chemicals
VC Fund · Hangzhou, Zhejiang, China · 1 investments in Asia Wine And Spirits startups

Transfar Chemicals develops, produces and markets a broad portfolio of specialty chemicals serving various industries such as chemical fibres, textiles, leathers, coatings, paper, plastics, etc. In addition, the group has downstream detergents, industrial and architectural coatings business in its portfolio. Transfar Chemicals has been in thechemicals industry for 30 years. With strong innovation and manufacturing facilities in China, the group closely collaborates with suppliers and customers in China, other regions in Asia, and now outside of Asia as well. The group envisages to become a global top expert in performance chemicals as stated in its vision.

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Investment focus

  • Industry: Software, Logistics, Food Processing
  • Stage:Seed, Series A
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • TechBloom China — 1.The most comprehensive IoT hardware and digital intelligence optimization model in the field of operation optimization. 2. Domestic FIRST : AI LLM based operation simulation and optimization expert, experienced from 30+ industries, 100+ scenarios. 3.Applicable to 7 major business scenarios in multiple industries, and has been verified by 400+head users with an output value of 10 billion. 4. Domestic brand No.1: Automobile factory logistics, Airport luggage tracking. 5. The last financing was completed in 2023.
  • Little Joy — Little Joy is a low-alcohol beverage brand that makes fruit wine, beer, and liquor products.
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Zhongnan Jituan
VC Fund · 1 investments in Asia Wine And Spirits startups

Zhongnan Jituan is a private construction industry.

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Investment focus

  • Industry: Sales, Big Data, Database
  • Stage:Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • LIUYANGHE LIQUOR — LIUYANGHE LIQUOR is a brand and seller of wine products.
  • Shanghai Data Exchange — Shanghai Data Exchange is a big data circulation and data interconnection service platform. Shanghai Data Exchange's goal is to establish a significant hub node for global data element configuration. Shanghai Data Exchange offers efficient, convenient, compliant, and secure data transaction services for data circulation transactions, whilealso guiding multiple entities to increase data supply and cultivate and develop a new digital commerce format.
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Oriental Fortune Capital
VC Fund · Shenzhen, Guangdong, China · 1 investments in Asia Wine And Spirits 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 treatment and 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: Manufacturing, Software, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 343
  • Round size: Seed $1.5M–$100M; Series A $1.5M–$30M; Series B $3.2M–$73M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Memory tensor — Memory tensor designed with a focus on systematic innovation, grounded firmly in fundamental principles, serves as a powerful tool for scalable and adaptable intelligence. Its architecture emphasizes three core attributes: low cost, ensuring economic feasibility and accessibility; low illusion, reducing overfitting and minimizing hallucinations ormisleading outputs; and high generalization.
  • Langsilicon Technology — Langsilicon Technology is an electronic component R&D firm that specializes in the design, development, and sales of silicon-based passive components (capacitors, inductors, and resistors).
  • 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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Tisiwi Ventures
VC Fund · Hangzhou, Zhejiang, China · 1 investments in Asia Wine And Spirits startups

The Angel Bay Venture Capital Fund was established in October 2010 and was established in Hangzhou, China. Angel Bay plans to invest hundreds of millions of RMB per year for industry Internet, artificial intelligence, consumer upgrades, new retail, big health, entertainment and social networking, internet finance, deep technology, and blockchain. Angel Bay's mission is to “make venture capital a better world” and help the real entrepreneurs change the world on a global scale.

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Investment focus

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

Investor stats

  • Total investments: 75
  • Round size: Seed $81k–$3M; Angel $162k–$772k; Series A $1.4M–$15M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • West Lake Xinchen — West Lake Xinchen is an AI psychological service technology company, committed to creating an inclusive, scientific, intelligent and professional AI psychological service platform, and insisting on providing customers with scientific and rigorous psychological services.
  • Haoben Biotechnology — Haoben Biotechnology is a biomedical materials company that specializes in advanced regenerative therapy options for organ and tissue restoration.
  • Zhuoyin Intelligence — Zhuoyin Intelligence is a synthetic data service provider specializing in the development and management of AI training data sets.
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Daocin Capital
VC Fund · Hangzhou, Zhejiang, China · 1 investments in Asia Wine And Spirits startups

Daocin Capital is an early equity investment firm that focuses on early projects on new retail, internet of things, financial technology, new entertainment, Artificial intelligence, blockchain ecology and other fields. The company, Daosheng Capital, won the 2016 Top 20 China Equity Investing Institutions and the 2017 China Equity Investing Agency. Qiang, 2018 China's top 30 investment institutions; won the 2017 "Golden Man Award" Hangzhou's top ten investment institutions, 2018 "Golden Mang Award" Hangzhou's top ten investment institutions. Daosheng Capital was registered as a private equity fund manager in China.

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Investment focus

  • Industry: Robotics, E-Commerce, Enterprise
  • Stage:Angel, Series A, Seed
  • Geography: China, United States

Investor stats

  • Total investments: 56
  • Round size: Seed $1.4M–$5.8M; Angel $425k–$1.5M; Series A $1.4M–$16M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Gosion Robot — Guoxun Robot is a developer of industrial safety inspection robots.
  • Senv Intelligent — Senv Intelligent is a high-tech enterprise specializing in the research and development of intelligent sensing systems, dedicated to delivering advanced sensor technologies and smart perception solutions that support automation, real-time monitoring, data-driven decision-making, and the development of next-generation intelligent industries.
  • Shuangpai Robotics — Shuangpai Robotics integrates R&D, Production and sales of age-friendly intelligent devices.
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BA Capital
VC Fund · Jingan, Shanghai, China · 1 investments in Asia Wine And Spirits startups

BA Capital is a venture capital firm focused on the consumer sector.

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Investment focus

  • Industry: Food and Beverage, Retail, E-Commerce
  • Stage:Series B, Series A, Venture - Series Unknown
  • Geography: China, Spain, Hong Kong

Investor stats

  • Total investments: 31
  • Round size: Series A $8.7M–$65M; Series B $14M–$122M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — raised $348M in 2022

Portfolio highlights

  • PANE — PANE is a footwear and lifestyle brand redefining modern classics through the lens of design, motion, and authenticity. Heavily inspired by classic silhouettes like the German Army Trainer (GAT), the brand gained viral global traction through its popular "Light Training NO-GI" sneaker line.
  • Yeah Gelato — Yeah Gelato focuses on the R&D of hot and cold beverages, store operations, and catering management services
  • Brompton Bicycle — Designers and makers of the iconic Brompton Folding Bike. Learn more about the benefits of a Brompton folding bicycle.
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Everbright Financial Holding Asset Management
VC Fund · Beijing, Beijing, China · 1 investments in Asia Wine And Spirits startups

Everbright Financial Asset Management Co., Ltd. was established in June 2009 and is a wholly-owned subsidiary and core asset management platform of China Everbright Group Corporation. The company has formed a service for China's economic development, covering the entire process of enterprise growth, asset management of the entire industry chain, including but not limited to industrial investment funds, venture capital funds, mergers and acquisitions mezzanine funds, securities investment funds, money market funds and other management. Business; equity investment and management services that meet the needs of China's economic development: health care, energy conservation and environmental protection, new consumption, urbanization, etc.; wealth management business adapted to the needs of domestic medium and high net worth clients; related to equity transactions, debt financing, equity debt investment activities Financial advisory and investment consulting business.

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Investment focus

  • Industry: Manufacturing, Energy, Food and Beverage
  • Stage:Series A, Angel, Series C
  • Geography: China, United States

Investor stats

  • Total investments: 12
  • Round size: Angel $425k–$425k; Series A $1.5M–$1.6M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Cospowers — Cospowers is a technology-based company that provides smart lithium battery solutions to global customers. The company also manufactures and develops rechargeable batteries, chargers, and power battery packs. They use advanced technology and equipment, scientific management methods, and improved detection methods to ensure the security andstability of the product, and products are widely welcomed by customers.Cospowers was founded in 2003 and is based in
  • KingstronBio — KingstronBio manufactures artificial heart valves and annuloplasty rings.
  • Jiecheng New Energy — Jiecheng New Energy is a new energy material recycling service provider.
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Makuake
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Asia Wine And Spirits startups

Makuake is a operation of various support services centered on the cloud funding platform "Makuake".It is a product production support project utilizing R & D technology.

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Investment focus

  • Industry: E-Commerce, Manufacturing, Food and Beverage
  • Stage:Product Crowdfunding, Equity Crowdfunding, Seed
  • Geography: Japan, United States

Investor stats

  • Total investments: 42
  • Round size: Seed $170k–$5.1M; Equity Crowdfunding $5k–$274k; Product Crowdfunding $20k–$964k
  • Lead/follow: 62% lead, 38% follow

Portfolio highlights

  • Now Do — Now Do provides online growth revolution platform.
  • Wakaze — Wakaze is a supplier of craft sake beer. They provide products that include beer, other alcoholic beverages, food products, snacks, and drinks. They provide products that are available for online shopping. An online inquiry form is available on the company's website.
  • Kitasanriku Factory — Kitasanriku Factory is a company that operates within the seafood and aquaculture industry. It specializes in the comprehensive production, processing, and distribution of a wide range of marine products. The company places a strong emphasis on the cultivation and handling of premium sea urchins, ensuring high-quality offerings for its customers.Through its commitment to excellence, Kitasanriku Factory aims to deliver the finest seafood products while promoting sustainable aquaculture practices.
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HSG
VC Fund · Beijing, Beijing, China · 1 investments in Asia Wine And Spirits startups

We help founders build enduring companies.

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Investment focus

  • Industry: Health Care, Biotechnology, Artificial Intelligence
  • 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 $28M–$200M
  • 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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Buhuo Ventures
VC Fund · Beijing, Beijing, China · 1 investments in Asia Wine And Spirits 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: 50
  • Round size: Seed $140k–$3.2M; Angel $435k–$3M; Series A $3M–$16M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $243M in 2021

Portfolio highlights

  • 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.
  • Dream Chasing Sky — Dream Chasing Sky specializes on electric vertical take-off and landing aircraft research and development.
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Gaorong Capital
VC Fund · Wangjing, Beijing, China · 1 investments in Asia Wine And Spirits startups

Investors of Gaorong Capital include world-class sovereign wealth funds, university endowment funds, family foundations, pension funds and fund of funds, as well as successful entrepreneurs, including founders and managements of Tencent, Alibaba, Baidu, JD, Xiaomi, Focus Media and VIPShop. They will provide with valuable industry resources, entrepreneurial experience, and global perspectives.

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Investment focus

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

Investor stats

  • Total investments: 378
  • Round size: Seed $2.8M–$100M; Series A $1.6M–$75M; Series B $14M–$110M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $185M in 2022

Portfolio highlights

  • GOFO — GOFO provides last-mile parcel delivery and e-commerce logistics services for brands, marketplaces, and other business customers. Its services include parcel shipping, delivery through Delivery Service Partner networks, real-time package tracking, proof of delivery, customer support, and logistics coordination. GOFO uses automated sorting, warehousing, dispatch, route optimization, and linehaul operations to manage parcel movement from collection through final delivery.
  • Cascade — Cascade produces novel medications that target nuclear receptors for treating metabolic disorders and inflammation.
  • Neolix — Neolix is a technologically innovative company that specializes in the production of physical and sports scenes. Neolithic Century Technology is an innovative design team. Committed to design research, industrial design, structural engineering, product customization, providing customers with creative value enhancement services. Service customersinclude Lenovo, Siemens, Midea, GE, State Grid, CSIC, Honeywell, Bank of China, Agricultural Bank, etc.
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DOGAN beta
VC Fund · Fukuoka, Fukuoka, Japan · 1 investments in Asia Wine And Spirits startups

Venture capital firm located in Kyushu (the westernmost of Japan’s four main islands). They believe that the fundamental challenge facing the local economy is the lack of employment diversity. Although it is a simple example, it is easier to understand if you compare the Tokyo metropolitan area with Kyushu and list the companies that can achieve annual income of 10 million yen at the age of 30 (probably with a head office in Kyushu Most companies with the highest annual income will be infrastructure company

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Investment focus

  • Industry: Information Technology, Apps, Software
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Japan, United States

Investor stats

  • Total investments: 49
  • Round size: Seed $233k–$5.4M; Series A $1.3M–$21M; Venture - Series Unknown $279k–$9.9M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: May invest from a new fund soon — raised $23M in 2020

Portfolio highlights

  • Foodcam — Foodcam aims to build a comprehensive overseas distribution infrastructure for Japanese food products, enabling manufacturers and suppliers to efficiently expand into international markets through streamlined logistics, supply chain management, and global distribution solutions.
  • EUV Photon — EUV Photon is an irradiation services company that conducts processing, evaluation, and measurement of materials for EUV lights.
  • 12 Pharmacy — 12 Pharmacy is a pharmaceutical company that specializes in manufacturing and providing medicines and services for veterinary hospitals.
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Fuhai Yintao
VC Fund · Shenzhen, Guangdong, China · 1 investments in Asia Wine And Spirits startups

Fuhai Yintao is an investment firm.

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Investment focus

  • Industry: AgTech, Farming, Parking
  • Stage:Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 3
  • Round size: Angel $425k–$1.5M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • yeefung — yeefung It creates automated robotic parking systems with the goal of providing effective, dependable, and long-lasting parking solutions. The business provides a wide selection of parking systems suitable for various parking requirements, including automatic guided car robotic parking, fully automated parking, and semi-automated parking. Thisenables users to increase efficiency while saving time and parking spaces.
  • Youdao Earth — Youdao Earth specializes in agricultural technology, offering digital management services to help enhance agricultural production processes.
  • Shaanxi Xifeng Liquor — Shaanxi Xifeng Liquor Co,.LTD is a flavored liquor manufacturing company.
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MAKOTO Capital
VC Fund · Sendai, Miyagi, Japan · 1 investments in Asia Wine And Spirits startups

MAKOTO Capital engages in VC business, venture studio business, and management consulting business.

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Investment focus

  • Industry: Medical, Manufacturing, Software
  • Stage:Venture - Series Unknown, Series A
  • Geography: Japan

Investor stats

  • Total investments: 22
  • Round size: Series A $3M–$4.8M; Venture - Series Unknown $95k–$1.5M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $6.8M in 2018

Portfolio highlights

  • Wakaze — Wakaze is a supplier of craft sake beer. They provide products that include beer, other alcoholic beverages, food products, snacks, and drinks. They provide products that are available for online shopping. An online inquiry form is available on the company's website.
  • Cogsmart — Cogsmart provides services for brain function research and development. In hopes of helping prevent dementia and maintain and improve other cognitive functions, they manufacture and sell software for medical and healthcare devices.
  • ElevationSpace — ElevationSpace offers high quality & well equipped workspaces giving tenants a nurturing environment .
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Suzhou Nongfa Innovation Capital
VC Fund · Suzhou, Jiangsu, China · 1 investments in Asia Wine And Spirits startups

Nongfa Capital is a capital investment and asset management firm. It is an investment arm of Suzhou Agricultural Development Group.

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Investment focus

  • Industry: Industrial, Sales, Coffee
  • Stage:Series A, Angel, Series B
  • Geography: China

Investor stats

  • Total investments: 5
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Silica — Silica is a high-tech enterprise specializing in the research, development, and production of high-purity synthetic silica materials, which are critical components in a wide range of advanced industrial applications. With a strong focus on innovation and quality, the company develops precision-engineered silica products that meet the stringentrequirements of industries such as semiconductors, electronics, optical fibers, pharmaceuticals, and high-performance coatings.
  • ChangingTek — ChangingTek is committed to providing advanced robotics and artificial intelligence technology research and development as system-level solutions that provide flexible, reliable, safe, and intelligent robot hands and intelligent operating systems for intelligent manufacturing.
  • Bestar Coffee — Bestar Coffee offers a range of coffee products incuding fermented rice osmanthus latte, hojicha osmanthus oat milk, starry osmanthus latte, camellia jasmine latte, camellia jasmine oat milk tea, and coconut latte.
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JAFCO Group
VC Fund · 1 investments in Asia Wine And Spirits startups

JAFCO Group is a venture capital firm that primarily invests in domestic and foreign private companies.

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Investment focus

  • Industry: Information Technology, Software, E-Commerce
  • Stage:Series B, Series C
  • Geography: Japan, United States

Investor stats

  • Total investments: 37
  • Round size: Series B $3.7M–$283M; Series C $3.1M–$57M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Parallel — Parallel is the hangout app where you can enjoy games, videos, music, and more with friends.
  • Blue Laser Fusion — Blue Laser Fusion is a commercial fusion company. Blue Laser Fusion is a laser startup to commercialize laser fusion by inventing its own laser and fusion reactor.
  • Nanofiber Quantum Technologies — Discover how NanoQT builds the foundation for scalable quantum computing with nanofiber cavity-QED technology and high-fidelity quantum connectivity.
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Huagai Capital
VC Fund · Beijing, Beijing, China · 1 investments in Asia Wine And Spirits startups, 10 in the past 12 months

Huagai Capital is a private equity investment firm that invests in start-up or growth companies in the areas of healthcare, TMT, and culture.

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Investment focus

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

Investor stats

  • Total investments: 155
  • Round size: Angel $444k–$15M; Series A $1.5M–$73M; Series B $8.5M–$90M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $430M in 2018

Portfolio highlights

  • SeaArt — SeaArt AI is an all-in-one AI creativity community for art, videos, audio, and AI chats, where creators collaborate, spark inspiration, and grow together.
  • Zhiran Medical — Zhiran Medical is a medical technology company specializing in the precise detection and treatment of neurological disorders using high-throughput, flexible brain-computer interface technology.
  • Allygen Biologics — Allygen Biologics is a biotechnology company that provides research and development of targeted conjugate therapeutics.
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Bridge Capital China
VC Fund · Futian, Fujian, China · 1 investments in Asia Wine And Spirits startups, 7 in the past 12 months

Bridge Capital is a boutique investment firm focused on advanced manufacturing and new consumer sectors, including private equity investments, asset management and mergers and acquisitions.

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Investment focus

  • Industry: Manufacturing, Electronics, Industrial
  • Stage:Series A, Angel, Seed
  • Geography: China

Investor stats

  • Total investments: 47
  • Round size: Seed $14M–$15M; Angel $8.1k–$494k; Series A $1.4M–$73M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Eyou Robot — Eyou Robot is involved in the research, development, production, and sale of humanoid robot drive systems. The company has developed precision control algorithms for joint drives and offers joint modules such as planetary, harmonic, and push rod types, which are used in humanoid robots' upper limbs, waist, and lower limbs. Their servo jointmodules are designed for stable performance and cost-efficiency, supporting mass production. These modules are used in areas like collaborative robotics, medical devices, industrial automation, and intelligent manufacturing, contributing to the development of humanoid robots in various sectors, including industrial, commercial services, education, and entertainment.
  • Wuwen Zhike — World Model-driven Full Closed-loop Physical AI Data Foundation
  • Zhishu Technology — Beijing Zhishu is a supplier of vacuum electronic devices.
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Yonghua Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in Asia Wine And Spirits startups

Shanghai Chung Hua Investment Management Co., Ltd. is specialized in Yongjin Group's equity investment management platform. Total investment scale Chung Hua invest over 6 billion yuan, it has invested in more than 80 outstanding enterprises, of which more than 40 enterprises have been successfully listed. Currently Chung Hua investment team covering the major cities Beijing, Shanghai, Shenzhen, Xiamen, Hangzhou, Changsha, Chengdu, etc., and in many industries new energy, environmental protection, consumer goods, TMT, agriculture and other in-depth research team.

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Investment focus

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

Investor stats

  • Total investments: 178
  • Round size: Seed $158k–$15M; Series A $1.5M–$48M; Series B $3M–$72M
  • Lead/follow: 31% lead, 69% 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.
  • 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.
  • Sequence Technology — Sequence Technology emphasizes in the production of polymer materials used in the semiconductor manufacturing process.
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China Capital Investment Group
VC Fund · Shanghai, Shanghai, China · 1 investments in Asia Wine And Spirits startups

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.

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Investment focus

  • Industry: Health Care, Education, E-Commerce
  • Stage:Angel, Series C, Series A
  • Geography: China, Thailand, Hong Kong

Investor stats

  • Total investments: 44
  • Round size: Angel $425k–$466k; Series A $1.4M–$11M; Series C $16M–$145M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • FlashSo Technology — FlashSo Technology focuses on the commercialization of physical AI and embodied intelligence technologies, aiming to extend AI from the digital world to real-world physical scenarios.
  • Huaibei Huajian Technology — Huaibei Huajian Technology is a technology company that focuses on research and development of a smart healthcare ecosystem network.
  • Zhongzhuo Industrial Finance — Zhongzhuo Industrial Finance is a technological firm that manufactures bathroom and home furnishing items.
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Plum Ventures
VC Fund · Changzhou, Zhejiang, China · 1 investments in Asia Wine And Spirits startups, 29 in the past 12 months

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.

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Investment focus

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

Investor stats

  • Total investments: 231
  • Round size: Seed $1.4M–$10M; Angel $425k–$6M; Series A $1.4M–$28M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Zeta Fusion — Zeta Fusion operates within the technology promotion and application services industry.
  • DeepGate Transformation — DeepGate Transformation provides aerospace thermal products by using pyrolytic graphite technology.
  • Delta Intelligence Technology — Delta Intelligence Technology is a next-generation embodied intelligence company focused on integrating advanced artificial intelligence with physical systems to create machines that can perceive, learn, and act in the real world.
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Spiral Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Asia Wine And Spirits startups

Our former entity “IMJ Investment Partners” was established in 2012 by IMJ Corporation (“IMJ”), a major digital marketing company, as an independent venture capital subsidiary in Japan. After IMJ was acquired by Culture Convenience Club (“CCC”) in 2013, we continued our investment activities independently, and eventually relocated our office toSingapore to change our strategy and start a venture capital fund for the Southeast Asia market. In 2015, we established the Japan office and started a venture capital fund for the Japanese market.In tandem with the expansion of our business, we left the CCC Group, changed our name to “Spiral Ventures” in 2017, and made a fresh start as an independent venture capital firm.taken from https://spiral-ventures.com/en/group-info/

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Investment focus

  • Industry: E-Commerce, Information Technology, Internet
  • Stage:Seed, Series A, Series B
  • Geography: Japan, India, Indonesia

Investor stats

  • Total investments: 102
  • Round size: Seed $500k–$4.5M; Series A $1.5M–$62M; Series B $10M–$103M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Fragaria — Discover innovative farming practices and high-quality, year-round fruits in India with Fragaria's advanced agricultural technology.
  • SPUN — The most reliable online visa platform in Indonesia with 24/7 dedicated assistance and money-back guarantee.
  • Pruv Finance — The foundational layer for institutional-grade tokenization, bridging multichain ecosystems with DeFi-ready assets.
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Country Garden Venture Capital
VC Fund · Guangdong, Jilin, China · 1 investments in Asia Wine And Spirits startups

Country Garden Ventures was established in January 2019. It is a first-level business unit of Country Garden Group. It is responsible for the group's equity investment business in addition to real estate investment. Since its establishment, Country Garden Ventures has always adhered to the investment strategy of “industry empowerment andvalue co-creation”, paying equal attention to financial investment and holding investment, and has initially formed a staged, dedicated track, and multi-level investment portfolio. Up to now, the team has accumulatively invested in many star companies such as Shell Search, Qinhuai Data, Ziguang Zhanrui, Penguin Almond, Hobo Pharmaceutical, Blue Arrow Aerospace, Xinruipeng Pet Medical, Lin Qingxuan and so on.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Retail
  • Stage:Series A, Series C, Seed
  • Geography: China, France, Germany

Investor stats

  • Total investments: 30
  • Round size: Seed $10M–$16M; Series A $1.5M–$1.5B; Series C $105M–$563M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Zdeer — Zdeer is a health tech brand focusing on artificial intelligence health and consumer medicine. It is committed to improving the health awareness of the whole people, while breaking the shackles of the traditional health industry, through continuous technological innovation and product innovation, to bring better-looking and better-use products toconsumers at a more affordable price.
  • 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.
  • Changjin Biotechnology — Changjin Biotechnology engages in the research, development, and industrialization of microbial synthetic proteins.
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Innoangel Fund
VC Fund · Beijing, Beijing, China · 1 investments in Asia Wine And Spirits startups, 67 in the past 12 months

Innoangel Fund is an investment firm that invests in early stage companies.

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Investment focus

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

Investor stats

  • Total investments: 317
  • Round size: Seed $452k–$29M; Angel $425k–$14M; Series A $1.5M–$28M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Isabers — Isabers is a provider of advanced semiconductor integration technology and products, which can achieve inter-generational fusion of semiconductor materials and advanced packaging and can effectively solve the pain points of low yield, high cost, and limited performance of advanced semiconductor materials or devices, thus accelerating thedevelopment of the domestic semiconductor industry and quickly seizing the strategic high ground of international market competition.
  • Sichuan All-Solid-State — Sichuan All-Solid-State is a company that includes research and development of novel material technologies, manufacturing of special electronic materials, and technological development.
  • Super Evolution Intelligence — Super Evolution Intelligence focuses on developing fundamental research models equipped with advanced meta-research capabilities, enabling them to analyze existing scientific knowledge, identify research gaps, formulate novel hypotheses, and autonomously explore complex problems.
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