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Top 50 Construction Startup Investors in China (May 2026)

The most active venture capital funds and angel investors investing in China Construction startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Construction startup companies. Find investors to raise a Series A, Series B or Angel round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
GGV Capital
VC Fund
3 United States, China, Singapore Series B, Series A, Series C Software, Information Technology, Artificial Intelligence $5M–$134M
Linear Venture
VC Fund
3 China, Singapore, Hong Kong Series A, Seed, Angel Artificial Intelligence, Information Technology, Internet $300k–$16M
China Development Bank
VC Fund
3 China, Oman, Egypt Angel, Series A, Debt Financing Manufacturing, Information Technology, Energy $412k–$1.8B
Poly Capital
VC Fund
3 China Series A, Series B, Series C Artificial Intelligence, Robotics, Financial Services $4.1M–$55M
Vertex Ventures China
VC Fund
2 China, United States, Singapore Series A, Series B, Series C E-Commerce, Manufacturing, Biotechnology $1.4M–$100M
Albatross Venture
VC Fund
2 China, Singapore Series A, Seed, Angel Software, Information Technology, SaaS $412k–$4.1M
Lenovo
VC Fund
2 China, United States, Israel Series A, Series B, Seed Software, Manufacturing, Information Technology $3M–$316M
Jorde Investment
VC Fund
1 China Series B Big Data, Enterprise, Information Technology
Tianbo cultural group
VC Fund
1 China Seed Aerospace, Construction, Service Industry
Country Garden Venture Capital
VC Fund
1 China, France, Germany Series A, Seed, Series B Manufacturing, Biotechnology, Hardware $1.4M–$1.5B
Beijing E-town International Investment & Development
VC Fund
1 China, Hong Kong, United States Series A, Angel, Seed Manufacturing, Information Technology, Health Care $412k–$151M
Yunqi Partners
VC Fund
1 China, United States, Singapore Series A, Series B, Seed Artificial Intelligence, Software, Information Technology $2.1M–$60M
CITIC Capital Holdings
VC Fund
1 China, United States, Japan Series A, Series B, Series C Manufacturing, Health Care, E-Commerce $3.2M–$220M
ECC Capital
VC Fund
1 China, United States Series A, Seed, Angel Artificial Intelligence, Semiconductor, Hardware $275k–$14M
Jiangsu Guoxin Zichan
VC Fund
1 China Angel Battery, Hardware, Consulting
Binfu Capital
VC Fund
1 China, United States Series B, Series A, Series C Automotive, Internet, Service Industry $1.4M–$69M
Yuexiu Group
VC Fund
1 China Angel, Series C Genetics, Consulting, Construction
Yide Jituan
VC Fund
1 China Angel Consulting, Real Estate, Construction
Dongfang Jiafu
VC Fund
1 China Series A, Seed, Angel Artificial Intelligence, Manufacturing, Robotics $2.7M–$27M
Ningbo Angel Capital Guiding Fund
VC Fund
1 China Angel, Series A, Seed Hardware, Manufacturing, Information Technology $137k–$14M
New Potential Energy Fund
VC Fund
1 China Series B, Series A, Seed Energy, Mining, Retail
China Merchants Capital
VC Fund
1 China, United States, India Series A, Series B, Series C Manufacturing, Internet, Software $1.4M–$132M
Guangzhou Finance Holdings
VC Fund
1 China Series B, Series D, Angel Manufacturing, Automotive, Electric Vehicle $2.7M–$206M
Gofar Holdings
VC Fund
1 China Angel Consulting, Construction, Civil Engineering
Everest Venture Capital
VC Fund
1 China, France, Germany Series A, Series B, Series C Software, Manufacturing, Information Technology $1.4M–$69M
Horus Capital
VC Fund
1 China, United States Angel, Series A, Seed Software, Information Technology, Health Care $412k–$10M
Zhulu Capital
VC Fund
1 China Angel, Seed, Series A Robotics, Artificial Intelligence, Information Technology $412k–$12M
36Kr
VC Fund
1 China Series A, Seed, Series B Manufacturing, Sports, Enterprise $1.4M–$41M
K2VC
VC Fund
1 China, United States, Japan Series A, Angel, Seed E-Commerce, Health Care, Software $412k–$23M
Sequoia Capital China
VC Fund
1 China, United States, Hong Kong Series A, Series B, Series C Biotechnology, Health Care, Artificial Intelligence $4M–$200M
Smallville Capital
VC Fund
1 China Angel, Series A Finance, Financial Services, Logistics $137k–$7.9M
ZhenFund
VC Fund
1 China, United States, Singapore Series A, Seed, Series B Artificial Intelligence, Software, E-Commerce $820k–$50M
SFUND
VC Fund
1 China, Hong Kong, United States Angel, Series A, Post-IPO Equity Manufacturing, Agriculture, Medical Device $412k–$69M
Hillhouse Capital Group
VC Fund
1 China, United States, India Series B, Series A, Series C Biotechnology, Health Care, Software $1.4M–$310M
Ferry Venture Capital
VC Fund
1 China, United States Series A, Angel, Seed Information Technology, Manufacturing, Internet $69k–$4.7M
XVC
VC Fund
1 China, Singapore, United States Series B, Series A, Series C Education, Artificial Intelligence, Information Technology $1.4M–$60M
Source Code Capital
VC Fund
1 China, United States, Spain Series B, Series A, Series C Software, E-Commerce, Artificial Intelligence $1.4M–$200M
Focus Media
VC Fund
1 China, United States Series A, Series B, Angel Internet, Media and Entertainment, Health Care $1.4M–$69M
Ceyuan Ventures
VC Fund
1 China, United States, Singapore Series A, Series B, Angel Software, Internet, Mobile $412k–$30M
Hejun Capital
VC Fund
1 China Angel, Series A, Series B Food and Beverage, Information Technology, E-Commerce $275k–$69M
Nanjing Jiangning Jingji
VC Fund
1 China Angel Finance, Consulting, Real Estate $412k–$412k
ShenZhen GTJA Investment Group
VC Fund
1 China, United States Series B, Angel, Series C Health Care, Biotechnology, Pharmaceutical $412k–$100M
Boya Capital
VC Fund
1 China, Israel Series A Medical, Big Data, Software $1.4M–$89M
DHVC
VC Fund
1 United States, China, Singapore Seed, Series A Software, Blockchain, Information Technology $800k–$31M
Creo Capital
VC Fund
1 China, Hong Kong, Philippines Series B, Series A, Seed Manufacturing, Robotics, Supply Chain Management
Jiangsu Zhihuigu Investment Management
VC Fund
1 China Angel
South Africa One-Belt-One-Road International Investment Group
VC Fund
1 China Series A Construction, Information Services
Xiangfeng Capital
VC Fund
1 China Series A, Series B Machinery Manufacturing, PaaS, Construction
WeDo Capital Management
VC Fund
1 China, United States Series A, Series B, Angel Biotechnology, Medical, Health Care
Suzhou Gaomei Capital
VC Fund
1 China Series A SaaS, Software, Construction
Access all 168 investors in China Construction startups.

Access 48,091 investors

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

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Investor list

GGV Capital
VC Fund · Menlo Park, California, United States · 3 investments in China Construction startups, 33 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 594
  • Round size: Series A $5M–$50M; Series B $11M–$60M; Series C $10M–$134M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • JOKR — Grocery shopping is easier now with JOKR, your instant delivery app. Order your groceries and favorite products in our online supermarket and get them instantly at your door. Download the app now and make your first grocery order on us. Available in IOs and Android. Access www.jokr.com for more info
  • Gem — Gem Security gives SecOps teams the tools they need to respond to cloud threats with context, fast, providing the industry's leading platform for cloud detection and response.
  • Ronovo Surgical — Founded in 2019 and headquartered in Shanghai, Ronovo Surgical is founded by industry veterans from global leaders in surgical and industrial robotics, such as Intuitive Surgical, Johnson & Johnson, Medtronic and KUKA. Aiming to transform how surgery is performed in China, Ronovo is leveraging robust R&D capabilities and strategicpartnerships globally to accelerate the development of a broad portfolio of MIS and digital surgery solutions that exemplifies the core themes of simplicity, precision, and intelligence.
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Linear Venture
VC Fund · Beijing, Beijing, China · 3 investments in China Construction startups

Linear Capital (Linear Venture) was founded by Jingdong, Lynx former executives and early Facebook employees Chuan Wang Huai, attention Pan smart, technology-driven big data early in the project area. Has invested horizon robot, Rokid, with shield, melting point, etc. more than 30 start-up team, and is trying to become China's best intelligentapplication data Fund (Applied-Data-Intelligence). Our existing limited partners from Asia's top hedge funds, but also from Alibaba, Tencent, Baidu, the public comment, go, people network, Facebook, Twitter, Linkedin and other well-known Internet company founders or executives and Xue Manzi, Mr Leung and other aspect of capital investment sector for decades veterans. We strive to use industry expertise and resources to help the investment company move fast and break fewer things, and ultimately the linear path and nonlinear growth.

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Investment focus

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

Investor stats

  • Total investments: 94
  • Round size: Seed $300k–$8.2M; Angel $412k–$8.3M; Series A $2.7M–$16M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $200M in 2020

Portfolio highlights

  • JINGdigital — JINGdigital is China's Leading Marketing Automation Platform. Since our founding in 2014, JINGdigital has been providing brands with digital marketing optimization solutions through our JINGsocial platform. The platform enables brands to better understand customers and empowers brands to create valuable personal connections at scale.
  • Mindverse — Create autonomous AI agents for your professional tasks. MindOS offers advanced AI solutions for a wide array of professional tasks. Let AI Work Like You.
  • Bizhen Technology — Bizhen Technology provides the creation, publishing and trading of 3D real-time interactive virtual spaces.
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China Development Bank
VC Fund · Beijing, Beijing, China · 3 investments in China Construction startups

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

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Investment focus

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

Investor stats

  • Total investments: 22
  • Round size: Angel $412k–$412k; Series A $1.4M–$27M; Debt Financing $150M–$1.8B
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • 4Paradigm — 4Paradigm is an artificial intelligence technology and service provider.Fourth paradigm has a machine learning technology that can accurately predict and mine data, help enterprises improve efficiency, reduce risks, and obtain greater commercial value. The “migration learning” initiated by the fourth paradigm founding team is considered by theindustry to be "The next generation of artificial intelligence technology", the fourth paradigm maintains the world's leading edge in the field of migration learning
  • COSMOplat — COSMOplat is an online platform that provides industrial internet services. It is a subsidiary of Haier and its services include industrial Internet platform operation, industrial intelligence research, intelligent control, intelligent equipment, and automation. It was founded in 2017 and is headquartered in Shanghai, China.
  • Bank Muscat — Leading financial institution in Oman with a strong presence in corporate, personal, investment and Islamic banking.
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Poly Capital
VC Fund · Guangzhou, Guangdong, China · 3 investments in China Construction startups

Poly Capital is a venture capital fund based in China.

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Investment focus

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

Investor stats

  • Total investments: 24
  • Round size: Series A $14M–$14M; Series B $10M–$55M; Series C $4.1M–$14M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • 4DBIM — 4DBIM is a IT company focusing on BIM and intelligent information technology products and services in the construction field.
  • PCG Power — PCG Power's vision is to stick to its core business of distributed power station investment and the long-term development direction of new energy system solution providers, to provide comprehensive and high-quality green energy and carbon-saving services to industrial and commercial owners, and to assist my country in achieving carbon peakingand carbon neutrality.
  • Jingxin Microelectronics — Jingxin Microelectronics is a developer of communication and information security chips including NRS1800, SDI3210, ESW5610, PRB0400 PCIe to SRIO and other chips and boards, enabling an efficient supply of high-speed data switching chips for the industry market.
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Vertex Ventures China
VC Fund · Beijing, Beijing, China · 2 investments in China Construction startups

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

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Investment focus

  • Industry: E-Commerce, Manufacturing, Biotechnology
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 113
  • Round size: Series A $1.4M–$41M; Series B $6.7M–$50M; Series C $14M–$100M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $549M in 2019

Portfolio highlights

  • Evolusia — Evolusia is Justice
  • CrossSpace — CrossSpace is the ideal place to acquire knowledge, establish connections, and create a meaningful impact in the realm of Web3. By bringing together authentic individuals and communities, we facilitate a seamless and efficient entry into Web3.
  • Chenglian Technology — Chamlion 3D is a national high-tech enterprise incubated and established by the Additive Manufacturing Institute of Nanjing University of Aeronautics and Astronautics. Digital solutions for dental 3D printing, leading the digital transformation and upgrading of the industry. Chenglian Technology is deeply engaged in the field of dentistry, with itsin-depth understanding of the industry and rich product development.
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Albatross Venture
VC Fund · Beijing, Beijing, China · 2 investments in China Construction startups

The albatross is a large seabird with a length of one meter and three meters of wings. It soars all day long and rises up. When the wind is down, the sea that glides over the stormy sea glides with the wind. When it is against the wind, it runs on the edge of the cliff and goes straight to the sky. No matter the change of the situation, it can"beyond the leisurely walk" in the wind and waves. Our team has an albatross's high morale, struggling in a market that is frightened and violent, and looking for opportunities in the calm. We believe that only by welcoming the wind and the waves can we make our faith to the extreme.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series A, Seed, Angel
  • Geography: China, Singapore

Investor stats

  • Total investments: 40
  • Round size: Seed $412k–$3.8M; Angel $412k–$1.4M; Series A $1.4M–$4.1M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Ninetech — Ninetech is providing digital transformation and upgrading solutions for large state-owned enterprises and central enterprises.
  • Anrui Technology — Anrui Technology provides 3D intelligent vision, IOT, AI, 5G/Beidou, cloud computing, and big data.
  • 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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Lenovo
VC Fund · Beijing, Beijing, China · 2 investments in China Construction startups

Lenovo is one of the world's leading personal technology companies, producing innovative PCs and mobile internet devices. A global Fortune 500 company, Lenovo is the world's largest PC vendor and fourth largest smartphone company.While the Lenovo brand came into existence only in 2004, the company has a much longer history. In 1984,Legend Holdings was formed with 200,000 RMB (US$25,000) in a guard house in China. The company was incorporated in Hong Kong in 1988 and would grow to be the largest PC company in China. Legend Holdings changed its name to Lenovo in 2004 and, in 2005, acquired the former Personal Computer Division of IBM, the company that invented the PC industry in 1981.Today, Lenovo is a US$39billion personal technology company with more than 54,000 employees (including joint ventures) in more than 60 countries serving customers in more than 160 countries. Lenovo is a global company that is incorporated and headquartered in Hong Kong, with operational centers located strategically around the world , with the largest in Beijing and Morrisville, NC. These operational centers drive Lenovo’s global and local business approach.Lenovo has grown faster than the market for more than four years because our exceptionally engineered products are meant for those who do. Our customers use innovation to bring progress to the world, and we design and build our products with this in mind, taking inspiration from the drive and imagination of the people who make things happen. Our technology helps those who do, do better.Whether a PC, smartphone, tablet, smart TV, server, workstation or storage, Lenovo makes the products that customers need for what we call the "PC+ world." Lenovo is creating real differentiation from the competition thanks to its vertically integrated end-to-end business model. This model is unique among major PC makers and is a significant source of competitive advantage, helping us to bring more innovation to market, more efficiently, and aggressively attack the PC+ opportunity.And as Lenovo expands globally, we are establishing even deeper roots in each major market, investing not only in sales and distribution, but also in local domestic manufacturing, R&D and other high-value functions. This global reach with local excellence is enabling us to build a new kind of company - a "global-local" company - and positions us to more deeply implement our protect and attack strategy and build the foundation for long-term success.

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Investment focus

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

Investor stats

  • Total investments: 34
  • Round size: Series A $3M–$110M; Series B $3M–$316M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $500M in 2016

Portfolio highlights

  • Zanecon — Zhucheng Technology is a high-tech enterprise that develops smart construction solutions. Zhucheng Technology applies core technologies such as AI, environmental perception, deep learning, and servo control to the field of construction, and independently develops a variety of construction robot products.
  • Direct Drive Technology — Direct Drive Technology provides direct drive solutions to replace the reduction gears in any machine. The company has a complete set of technologies for robot joints from sensors, drivers to motor bodies. Drive Tech uses a unique direct drive precise & powerful motion solution, thereby helping many other industries to boost different products.
  • Zero Gravity Aircraft Industry — Zero Gravity Aircraft Industry is engaged in the R&D and manufacturing of eVTOL aircraft.
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Jorde Investment
VC Fund · 1 investments in China Construction startups

Jorde Investment is an investment Firm.

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Investment focus

  • Industry: Big Data, Enterprise, Information Technology
  • Stage:Series B
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Taiyi Chuanxin — Taiyi Chuanxin is a technical service provider in the field of smart civil aviation construction. It provides a comprehensive package of services such as smart construction for major airports, airlines, and civil aviation-related enterprises, including AI passenger service, airport automation security Operations, and other service products usingcutting-edge technologies.
  • Huafu Information — Huafu Information is committed to research and application development in the fields of artificial intelligence, big data and IT software. In the field of artificial intelligence, using its own core algorithm, focusing on face recognition, mainly used in smart airports, smart travel, smart education, etc.; big data anti-fraud risk control platformoperated by Huafu Information, in the field of domestic anti-fraud control It is in a leading position to provide all-round security for Internet customer business security. At the same time, it provides expert-level services for customers in IT software platform construction and technology implementation.
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Tianbo cultural group
VC Fund · 1 investments in China Construction startups

Tianbo cultural group is an investment company.

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Investment focus

  • Industry: Aerospace, Construction, Service Industry
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Taiyi Chuanxin — Taiyi Chuanxin is a technical service provider in the field of smart civil aviation construction. It provides a comprehensive package of services such as smart construction for major airports, airlines, and civil aviation-related enterprises, including AI passenger service, airport automation security Operations, and other service products usingcutting-edge technologies.
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Country Garden Venture Capital
VC Fund · 1 investments in China Construction 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, Hardware
  • Stage:Series A, Seed, Series B
  • Geography: China, France, Germany

Investor stats

  • Total investments: 20
  • Round size: Series A $1.4M–$1.5B
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • HemaCell — Xueji Bio is a new cell therapy company founded by returnee experts to regenerate hematopoietic lineages (including blood cells and immune cells) in vitro, with unique stem cell reprogramming, editing and differentiation technologies. The company's unique iPSC establishment technology and gene targeting technology can quickly establish aplatform using platelet cells as a drug delivery carrier.
  • 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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Access 48,091 investors

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

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Beijing E-town International Investment & Development
VC Fund · Beijing, Beijing, China · 1 investments in China Construction startups

Incorporated in February 2009, Beijing E-Town International Investment & Development Co., Ltd ( E-Town Capital ) is a State-owned investment and financing company with the mission of promoting industrial upgrading and technological innovation in Beijing Economic-Technological Development Area (BDA for short).Oriented to real economyindustrial development and adhering to financing service innovation, E-Town Capital has since its foundation combined the resources of both government and the market to constantly build platforms for diversified industrial investment as well as all-round financial service. It has established many professional subsidiaries including Beijing E-Town International Industrial Investment Management Co., Ltd., Beijing E-Town International Guarantee Co., Ltd., Beijing E-Town International Small-credit Co., Ltd., Beijing Mobile E-Town Co., Ltd. and E-Town International Holding (Hong Kong) Co., Ltd.E-Town Capital was assigned by the Beijing municipal government as one of the five management institutions for municipal-level pooled equity investment funds.E-Town Capital practices long-term strategic investment and runs an all-around and total access Beijing E-Town Parent Fund Business System. It has also made overseas acquisitions of Nexteer Automotive, ISSI, and Mattson Technology Inc. and invested in the SMIC Phase II & Ⅲ project of the BOE and BAIC Group, which promotes the agglomeration of high-end industries, including integrated circuits, equipment manufacturing, and aerospace technology.By the end of June 2018, E-Town Capital has invested in 116 projects, with a total investment of more than 35.4 billion yuan ($5.10 billion). Its parent fund system owns nearly 60 funds in total and participates in the management of funds of more than 250 billion yuan. E-Town Capital gradually refines its finance service, including financial assurance, financial leasing, and petty loans; upgrades product systems and serves the innovative development of small and medium-sized enterprises. It has developed a base for industrial agglomeration and innovative incubators by building special zones, such as Beijing Mobile E-Town and E-Startup.Beijing E-Town International Industrial Investment Management Co., Ltd. was inaugurated in 2013 with registered capital of 1,000 million yuan. The company is a professional industrial investment management enterprise in the finance service system and focuses on the construction of strategic emerging industries funds, such as integrated circuits, biological medicine, equipment manufacturing, aerospace technology.Founded on February 5, 2010, Beijing E-Town International Financing Guarantee Co., Ltd., with registered capital of 1.3 billion yuan, is a government-led policy-oriented loan guarantee company and one of the first companies to obtain a 5-year business license from the Beijing Municipal Bureau of Financial Work.Founded in 2013, Beijing E-Town Financing Leasing Co., Ltd. with registered capital of $120 million, is the first Sino-foreign joint venture financial leasing company in the Beijing Economic-Technological Development Area.Beijing E-Town International Small-credit Co., Ltd. is the BDA's first small-credit company approved by the Beijing Municipal Bureau of Finance Work.As a construction platform of E-Town Capital’s industrial bases, Beijing Mobile E-Town Co., Ltd. focuses on the investment and development, investment promotion, and operation and management of the Mobile E-Town Park and offers innovative incubator services.In the future, E-Town Capital will stick to the business idea of “internationalization, marketization, and innovation” and use capital as a linkage to offer all-around financial service by integrating all kinds of data including information related to capital, technology, talents, and markets. The company is striving to become an investment group with international influence.

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Investment focus

  • Industry: Manufacturing, Information Technology, Health Care
  • Stage:Series A, Angel, Seed
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 30
  • Round size: Seed $412k–$10M; Angel $412k–$8.2M; Series A $1.4M–$151M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • TGS — TGS is a designer and developer of batteries, motors, electrical control testing and related testing equipment for an electric vehicles.
  • Cygnus Biosciences — Cygnus Biosciences (Beijing) Co., Ltd. is a high-tech company specializing in R & D and industrialization of gene sequencing platform and committed to clinical medicine screening and diagnosis.
  • Xinyan Hydrogen Energy — Xinyan Hydrogen Energy is a high-tech company that independently develops, designs, manufactures and sells hydrogen fuel cell plates.
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Yunqi Partners
VC Fund · Shanghai, Shanghai, China · 1 investments in China Construction startups, 12 in the past 12 months

Founded in 2014, Yunqi Partners is among the first in China to sharpen its focus on technology empowered industries. Yunqi is systematically investing in digital transformation of industries and industrialisation of technologies covering areas such as cutting-edge technology, advanced manufacturing, IoT, SaaS and B2B supply chain.

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Investment focus

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

Investor stats

  • Total investments: 136
  • Round size: Seed $2.1M–$10M; Series A $4.1M–$28M; Series B $10M–$60M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $300M in 2021

Portfolio highlights

  • Taiko Labs — A decentralized, Ethereum-equivalent ZK-Rollup.
  • Realman — Realman manufactures ultra-lightweight humanoid robotic arms and  developed flexible, humanoid, extremely cost-effective, safe and efficient, and low-threshold robotic arm devices. To ensure that the robotic arm is closer to the usage circumstances of common people,
  • Weidu Technology — Weidu Technology offers goods such as fully redundant wire-control chassis, powertrain, body design, and interior.
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CITIC Capital Holdings
VC Fund · Central, Hong Kong Island, Hong Kong · 1 investments in China Construction startups

CITIC Capital Holdings is an alternative investment management and advisory company headquartered in China.

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Investment focus

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

Investor stats

  • Total investments: 82
  • Round size: Series A $3.2M–$75M; Series B $6.9M–$50M; Series C $4.1M–$220M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $2.8B in 2018

Portfolio highlights

  • Sunman — Sunman Energy is a technology company founded by a group of industry veterans delivering the future of Solar. Through the research and development of composite materials, Sunman has successfully commercialized the world’s first glass-free, lightweight and flexible Panel – eArc. Replacing glass completely, eArc brings solar power to markets andapplication scenarios that were previously impossible.
  • Autoroad — Autoroad specializes in the core sensors for intelligent driving.
  • Veminsyn — Veminsyn is a biotech manufacturing firm that conducts research and produces healthcare and agricultural products.
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ECC Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Construction startups

ECC Capital is an investment firm focused on investments in early stage and high growth stage venture capital fund.

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Investment focus

  • Industry: Artificial Intelligence, Semiconductor, Hardware
  • Stage:Series A, Seed, Angel
  • Geography: China, United States

Investor stats

  • Total investments: 25
  • Round size: Seed $1.4M–$2.9M; Angel $275k–$687k; Series A $2.9M–$14M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • ccvui.com — ccvui.com is a company specializing in the design of artificial intelligence chips and the development of intelligent algorithm engines. At present, the company has applied for invention of a number of domestic and foreign patents, and has developed leading artificial intelligence algorithms and chips with independent intellectual property rights.It has the advantages of high performance, ultra low power consumption, high recognition rate and low cost, and is especially suitable for mobile phones and earphones. Intelligent speech recognition applications in portable, IoT, white power and other directions.
  • Kunhou Zidonghua — Kunhou Zidonghua provides robotic navigation technology in industrial automation, logistics, and warehousing.
  • Xinyaotu Technology — Xinyaotu is a full-stack intelligent sensor-sensing-computing integrated single-chip solution provider with AI algorithm research.
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Jiangsu Guoxin Zichan
VC Fund · Nanjing, Jiangsu, China · 1 investments in China Construction startups

Jiangsu Guoxin Zichan is an investment firm that provides asset management and investment management services.

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Investment focus

  • Industry: Battery, Hardware, Consulting
  • Stage:Angel
  • Geography: China

Investor stats

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

Portfolio highlights

  • NEW SPACE — NEW SPACE operates in parks, land, and real estate development.
  • Linli New Energy — Linli New Energy is a smart hardware company that develops and manufactures precursors of lithium iron phosphate cathode materials. It was founded in 2016 in Wuhan, Hubei, China.
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Binfu Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Construction startups

Binfu Capital is a PE institution specializing in private equity investment management.

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Investment focus

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

Investor stats

  • Total investments: 26
  • Round size: Series A $1.4M–$21M; Series B $2.7M–$69M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Guanzhan — Guanzhan is a nourishing technology company that provides users with a new generation of nourishing consumer products.
  • Baiying Bio — Baiying Bio is a research and development outsourcing service provider.
  • Royal Xiaohu — Royal Tiger is a brand of prefabricated semi-finished products.
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Yuexiu Group
VC Fund · Wan Chai, Hong Kong Island, Hong Kong · 1 investments in China Construction startups

Yuexiu Group was established in Hong Kong in 1985. After more than 30 years of reform and development, the Group has formed a “4+X” modern industrial system with financial, real estate, transportation infrastructure, urban agriculture as its core industry, traditional industries such as papermaking and development, and strategic emerging industriesthat may enter in the future.As of the end of June 2019, the Group's total assets exceeded RMB 630 billion. In the first half of 2019, the Group achieved operating income of RMB 33.2 billion and total profit of RMB 8.9 billion. It is estimated that the total annual profit and tax will be approximately RMB 23 billion. Among them, the total assets of the main business accounted for about 96%, the revenue accounted for about 95%, and the profit contribution accounted for about 98%.Yuexiu Group controls five listed companies including Yuexiu Jinkong, Chong Hing Bank, Yuexiu Real Estate, Yuexiu Transportation Infrastructure and Yuexiu Housing Fund. The Group's overall asset securitization rate is approximately 95%.

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Investment focus

  • Industry: Genetics, Consulting, Construction
  • Stage:Angel, Series C
  • Geography: China

Investor stats

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

Portfolio highlights

  • Yikon Genomics — Yikon Genomics is a leading solution-based single cell sequencing company. Currently based on the patented MALBAC® technology from Harvard University, Yikon provides complete solutions in the fields of reproductive health and cancer diagnostics with liquid tumor biopsy. The MALBAC-PGS™ and MALBAC-PGD™ solutions offer the most accurate andcomprehensive embryo testing results for physicians to choose the best embryos with balanced chromosomal copy numbers,without inheriting the known disease-associated alleles. The MALBAC-PGS™ and MALBAC-PGD™ solutions have helped thousands of couples to achieve successful pregnancies. Yikon will continue to interpret the code of life and bring people the hope and joy of life.
  • Guangzhou Metro Design & Research Institute Co., Ltd. — Guangzhou Metro Design & Research Institute Co., Ltd. engages in the design and consulting of urban rail transit.
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Yide Jituan
VC Fund · Nanjing, Jiangsu, China · 1 investments in China Construction startups

Yide Jituan is an investment firm that provides asset management and investment management services.

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Investment focus

  • Industry: Consulting, Real Estate, Construction
  • Stage:Angel
  • Geography: China

Investor stats

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

Portfolio highlights

  • NEW SPACE — NEW SPACE operates in parks, land, and real estate development.
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Dongfang Jiafu
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Construction startups

Dongfang Jiafu is an equity fund management firm.

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Investment focus

  • Industry: Artificial Intelligence, Manufacturing, Robotics
  • Stage:Series A, Seed, Angel
  • Geography: China

Investor stats

  • Total investments: 11
  • Round size: Series A $2.7M–$27M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Jinmate — Jinmate focuses on manufacturing and provides customers with stable and efficient digital intelligent manufacturing overall solutions.
  • Bibo — Bibost is a smart chassis solution provider.
  • Junji Gene — Junji Gene focuses on the research and development of life science robotics, as well as the use of artificial intelligence in life sciences, providing entire solutions spanning from individual scenarios to production lines and life science laboratories. Junji Gene offers intelligent labs for gene synthesis and helps in the localization of rawmaterials for in vitro diagnostic kits.
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Ningbo Angel Capital Guiding Fund
VC Fund · Ningbo, Zhejiang, China · 1 investments in China Construction startups

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

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Investment focus

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

Investor stats

  • Total investments: 32
  • Round size: Seed $137k–$137k; Angel $206k–$1.4M; Series A $1.4M–$14M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Hengpujiguang — Hengpujiguang is a developer of 3D printing metal machine.
  • Jia Jia Jian Jian — Jiajia Inspection is a provider of intelligent point-of-care diagnostic products and services.
  • Astro-Energy Technology — Astro-Energy Technology is a service provider of household new energy products and systems.
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New Potential Energy Fund
VC Fund · Beijing, Beijing, China · 1 investments in China Construction startups

New Potential Energy Fund is an investment fund focused on investing in TMT, new retail, new finance, new manufacturing, new technologies, new energy, and medical health.

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Investment focus

  • Industry: Energy, Mining, Retail
  • Stage:Series B, Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 5
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • HPY Sorting — HPY Sorting manufactures environmentally friendly, cost-cutting, efficient intelligent ore sorting machines. HPY Sorting focuses on applications of machine vision technology to improve and provide innovation in ore sorting.
  • Galactic Energy Aerospace Technology — Galactic Energy Aerospace Technology is a private rocket firm.
  • Hot Star Selection House — Hot Star Selection connects talent, brands, and content e-commerce platforms.
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China Merchants Capital
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Construction startups, 10 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 122
  • Round size: Series A $1.4M–$31M; Series B $2.7M–$100M; Series C $14M–$132M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • MKSEMI — MKSEMI is a low-power ultra-wideband (UWB) company, provides a complete high precision location solution for device OEMs and ODMs.
  • SoarWhale — SoarWhale operates as an automotive electronics component manufacturer for new energy vehicles.
  • Linxin New Energy — Lingxin New Energy specializes in the R&D and manufacture of high-power polymer gel solid-state batteries.
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Guangzhou Finance Holdings
VC Fund · Guangzhou, Guangdong, China · 1 investments in China Construction startups

Guangzhou Finance Holdings is a financial service provider.

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Investment focus

  • Industry: Manufacturing, Automotive, Electric Vehicle
  • Stage:Series B, Series D, Angel
  • Geography: China

Investor stats

  • Total investments: 8
  • Round size: Series B $2.7M–$206M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Guanzhan — Guanzhan is a nourishing technology company that provides users with a new generation of nourishing consumer products.
  • Simple Love — Simple Love is a natural yoghurt brand.
  • Aulton New Energy — Aulton New Energy is an electric vehicle replacement services providing company.
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Gofar Holdings
VC Fund · Guangzhou, Guangdong, China · 1 investments in China Construction startups

Gofar Holdings is engaged in asset management.

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Investment focus

  • Industry: Consulting, Construction, Civil Engineering
  • Stage:Angel
  • Geography: China

Investor stats

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

Portfolio highlights

  • Guangzhou Metro Design & Research Institute Co., Ltd. — Guangzhou Metro Design & Research Institute Co., Ltd. engages in the design and consulting of urban rail transit.
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Everest Venture Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Construction startups, 9 in the past 12 months

Everest Venture Capital Investment Co.,Ltd was founded by Mr.Xiao Jiancong in September 2007. The founder and his team focus on high-tech venture capital investments for the past 12 years. In 2018, Everest Venture capital was awarded with the top 10 most active private equity investment institutions and the top 50 best venture capital institutionsin China. They have 140 employees with rich industrial experience, and two offices in both Beijing and Shenzhen to cover the investments in the whole Mainland China area.Everest Venture Capital has achieved a great social value of Science and Technology. They only invest the enterprises with positive value for society. At the same time, they also keep the value proposition that they won’t sell the future for a short-term profit. Regarding the founder of enterprise whom they invested, they not only inject funds but also inject the management style of being excellent. They always share their unique management philosophy with their portfolio companies about the ideas “three-high and one-low”--high satisfaction degree from customers, high rate of return for shareholders, high salary income to employees, and low comprehensive cost. And they believe these will define the greatness of enterprise ultimately.

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Investment focus

  • Industry: Software, Manufacturing, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: China, France, Germany

Investor stats

  • Total investments: 81
  • Round size: Series A $1.4M–$14M; Series B $2.7M–$60M; Series C $2.7M–$69M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Proxverse — Proxverse is an enterprise-level real-time process intelligence platform that helps enterprises to realize end-to-end and full-link process.
  • Zhongneng Chuang — Zhongneng Chuang manufactures photovoltaic equipment and components and provides solar power generating technology services.
  • Huixi Intelligent — Huixi Intelligent focuses on autonomous driving chips, and its products include chip computing platforms, autonomous driving software solutions, and development tool chains.
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Horus Capital
VC Fund · Qingdao Shi, Shandong, China · 1 investments in China Construction startups

Horus Capital is an investment firm that invests in AI, big data, TMT, medical health, and cultural media industries.

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Investment focus

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

Investor stats

  • Total investments: 35
  • Round size: Seed $1.4M–$3.7M; Angel $412k–$3M; Series A $1.4M–$10M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Lieyunwang.com — Lie Yun is an online media focused on start-up company.Lie Yun is a brand new technology service platform, adhere to the concept of service entrepreneurs, focus on entrepreneurship and innovation, industry trends, focus on new products, new companies, new models to the original Exclusive coverage, analysis, and well-known industry coverage of theUnited States first-hand in Silicon Valley.
  • ScentRealm — ScentRealm focuses on digital scent technology R&D and application. ScentRealm is aiming to create a perfect smell experience.
  • Yizhi Technology — Yizhi Technology is a comprehensive solution provider of 3D printing technology.
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Zhulu Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Construction startups

ZHULU Capital is a young and passionate investment institution.

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Investment focus

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

Investor stats

  • Total investments: 15
  • Round size: Seed $2.9M–$12M; Angel $412k–$687k
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • LANDBASE — LANDBASE is a food brand management company driven by the concept of innovation & fashion. Committed to integrating global R&D and production resources, LANDBASE utilizes frontier food processing technologies to redefine traditional foods and build fashionable foods for the future.
  • Johnson Smart — Johnson Smart is an industrial robot developer. Its industrial robot products include Delta robots and multi-joint robots. It also provides intelligent vision systems, robotic high-speed sorting systems, egg tart intelligent sorting and packaging, potato chip intelligent sorting and packaging, and biscuit intelligent points. Mechanical handlingsolutions in the field of picking and packaging.
  • Zhongcan Technology — Zhongcan Technology is a micro water power generation company that provides internet of things data collection solutions. Zhongcan Technology integrates intelligent sensor technology and relies on network communication technology to create front end data acquisition equipment integrating power supply, collection, and transmission and buildinginternet of things data collection solutions.
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36Kr
VC Fund · Beijing, Beijing, China · 1 investments in China Construction startups

36Kr was founded in July 2011 as a company dedicated to serve entrepreneurs. Over six years, it has grown into a comprehensive service provider aimed at serving innovative tech companies while being the largest and strongest ecosystem-based platform that boasts comprehensive coverage over a myriad of sectors with a game-changing vision. So far,36Kr consists of three major business segments: 36Kr media, Venture Capital and Kr Space, through which they strive to offer Chinese entrepreneurs and SMEs with one-stop service encompassing providing of information, matchmaking of financing and direct access to funding, not to mention office solutions and relevant incubating services. They aspire to become the platform that provides entrepreneurs and SMEs with ambient services that can help them grow, nothing short of utilities. 36Kr has served over 20,000 startups and helped to secure next round financing for 4,000 firms with free-of-charge services throughout the entire process, supporting startups to embark on their very first steps. Currently, over 90,000 startup projects are being proceeded on the 36Kr on-line platform where 80% of premium projects are hosted. Meanwhile, they have established an investment alliance of top 15 Chinese institutional investors with the mission of offering the best financing support to the most promising bunch of entrepreneurs.Out of recognition of their vision, China’s fintech giant Ant Financial has made a strategic investment in 36Kr so as to better SMEs’ financing needs. In addition, 36Kr is also favored by globally-renowned Matrix Partners China and traditional securities giant China Securities, with both as its shareholders. Another strategic investor – China Merchants Group’s VC was introduced in 2016.

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Investment focus

  • Industry: Manufacturing, Sports, Enterprise
  • Stage:Series A, Seed, Series B
  • Geography: China

Investor stats

  • Total investments: 27
  • Round size: Seed $2.9M–$3M; Series A $1.4M–$14M; Series B $2.7M–$41M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Shebaotong — Shebaotong provides social security, provident fund, commercial insurance, salary services, labor cost optimization and other services.
  • Yunsheng Group — Yunsheng Group is a technology company that offers human resources digital service cloud platforms. It creates a one-stop human resources full-process service system for employees, enterprises, governments, and institutions, and integrates recruitment, background adjustment, entry, social security and provident fund, salary, personal tax, andcommercial insurance.The company was established in 2015 by Li Xianwei.
  • Six Degrees — Six Degrees Think Tank is a dynamic knowledge search platform with expert network as its core service.
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K2VC
VC Fund · Beijing, Beijing, China · 1 investments in China Construction startups, 12 in the past 12 months

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

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Investment focus

  • Industry: E-Commerce, Health Care, Software
  • Stage:Series A, Angel, Seed
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 130
  • Round size: Seed $1M–$12M; Angel $412k–$2.7M; Series A $1.4M–$23M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Mocang Robot — Mocang Robotics is a warehouse robotics company that focuses on intelligent storage robots. Mocang develops the T-AMR and software control platform combined with a deep understanding of smart logistics and smart manufacturing industries, adopts The AV-AS/RS system replaces the traditional AS/RS system.
  • Tangshi Technology — Tangshi Technology is a platform for research and development for carbon-based materials. It helps in creation, and use of conductive agents and negative electrode materials.
  • Aureka Biotechnologies — Aureka Biotechnologies is a pioneering biotech firm dedicated to democratizing the pharmaceutical sector in order to conquer sickness.
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Sequoia Capital China
VC Fund · Beijing, Beijing, China · 1 investments in China Construction startups, 64 in the past 12 months

We help founders build enduring companies.

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Investment focus

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

Investor stats

  • Total investments: 630
  • Round size: Series A $4M–$90M; Series B $11M–$172M; Series C $25M–$200M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Saibo Kunlun — Saibo Kunlun is a cyber security service provider that focuses on software, system security, and cloud security.
  • Beilian Zhuguan — Beilian Zhuguan offers ToB technology services to users in order to help them reduce IT resource expenses through technical techniques.
  • Xinsu Technology — Xinsu Technology develops, designs, and sells industrial machine vision sensor devices. It is specialized in new energy battery and automobile manufacturing industries. It engaged in intellectual property rights of decoding and reading algorithms and has launched a series of industrial high-performance fixed code readers such as R275-A.
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Smallville Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Construction startups

Smallville Capital is an investment firm that manages investments across multiple asset classes.

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Investment focus

  • Industry: Finance, Financial Services, Logistics
  • Stage:Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 12
  • Round size: Angel $137k–$6M; Series A $1.4M–$7.9M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • DeePoon — DPVR is a virtual reality headset designer and manufacturer that makes cutting edge VR wireless and PC tethered headsets for gaming, training and education.
  • HWAS Assets — HWAS Assets is a wealth management firm.
  • Elephant Medical — Elephant Medical is a Shanghai-based mobile health solution provider with a platform about household electronic medical care products and health self-management for users.
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ZhenFund
VC Fund · Beijing, Beijing, China · 1 investments in China Construction startups, 12 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 304
  • Round size: Seed $820k–$20M; Series A $1.4M–$27M; Series B $3.4M–$50M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — raised $130M in 2022

Portfolio highlights

  • Mogic AI — Mogic AI is an advertising technology platform that provides tools to create and launch campaigns by pulling product images into ads using AI.
  • Levinthal — Levinthal is an AI-driven protein design platform. They offer services for artificial intelligence in food safety and medical care. They offer synthetic biology, food, feed, and environmental protection.
  • Altos Radar — Altos Radar accelerate the development and implementation of 4D Imaging Radar technology in driver-assisted and fully autonomous driving systems.
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SFUND
VC Fund · Guangzhou, Guangdong, China · 1 investments in China Construction startups

SFUND is a social investment and financing platform specially established for social investment and strengthening the status of regional financial centers.

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Investment focus

  • Industry: Manufacturing, Agriculture, Medical Device
  • Stage:Angel, Series A, Post-IPO Equity
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 31
  • Round size: Angel $412k–$412k; Series A $1.4M–$69M; Post-IPO Equity $824k–$8.2M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Mymro — Mymro engages in providing digital supply chain procurement solutions.
  • Leyaoyao — Leyaoyao is an offline self-service equipment intelligent payment platform, a payment solution expert.
  • Juwan Technology — Juwan Technology Research Institute is the first in-house incubation technology innovation company of GAC Group.
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Hillhouse Capital Group
VC Fund · Changyang, Beijing, China · 1 investments in China Construction startups, 21 in the past 12 months

Hillhouse Capital Group is an investment management firm that invests with a long-term time horizon. Hillhouse owns companies across equity stages, spanning the range from new start-ups to the world’s most established public companies. It may invest in a company as a start-up and continue to hold it in the portfolio as a public equity investment.This stage-agnostic investment style allows them to focus on multi-year results, rather than on quarterly earnings.Hillhouse Capital Group invests globally, with a particular focus on Asia. Independent, proprietary research lies at the heart of our investment process. Our team members are sector experts in consumer, Internet, media, and healthcare. Hillhouse Capital Group was founded in 2005 and is based in Beijing, China.

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Investment focus

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

Investor stats

  • Total investments: 311
  • Round size: Series A $1.4M–$120M; Series B $14M–$230M; Series C $14M–$310M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Immorna — Immorna specializes in the production of RNA-based therapeutics.
  • Xingmai Innovation — Xingmai Innovation creates, develops, and sells intelligent swimming pool cleaning robots.
  • Deep Vision Intelligence — Deep Vision Intelligence is a developer of embedded machine vision products.
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Ferry Venture Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Construction startups

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

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Investment focus

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

Investor stats

  • Total investments: 38
  • Round size: Seed $412k–$412k; Angel $69k–$1.4M; Series A $1.3M–$4.7M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Wudun — Wudun offers wireless communication technologies such as 4G and 5G. They focuses on the edge side security field of the internet of things, They solve the security problems of IoT edge computing environment.
  • Jishi yu — Jishi yu focuses on offering a multi-platform/multi-channel centralized and unified intelligent customer care SaaS platform for cross-border e-commerce sellers, with the goal of meeting the needs of foreign enterprise channel acquisition, customer operation, and brand management.
  • Zhihui Robot — Zhihui Robot is a research and development company that makes intelligent spraying robots. Zhihui Robot is a cutting-edge technological business specializing in the research, manufacture, sale, and use of special intelligent spraying robots.
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XVC
VC Fund · Beijing, Beijing, China · 1 investments in China Construction startups

XVC is a venture capital firm that typically invests between 1.5 and 15 million USD (or RMB equivalent) per company.The company aims to search for visionary entrepreneurs, build partnership with them, and maximize their success with company's capital, experience, network and global vision. In order to move fast and be responsive, XVC keepstheir organization lean and focus only on big ideas.

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Investment focus

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

Investor stats

  • Total investments: 36
  • Round size: Series A $1.4M–$16M; Series B $12M–$50M; Series C $50M–$60M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Finture — Finture is the first Neobanking fintech company to provide Credit card and Credit payment business in SEA
  • Zanecon — Zhucheng Technology is a high-tech enterprise that develops smart construction solutions. Zhucheng Technology applies core technologies such as AI, environmental perception, deep learning, and servo control to the field of construction, and independently develops a variety of construction robot products.
  • Leading Magpie Technology — Magpie Technology focuses on research, development and production of construction robots, with an emphasis on building and decorating.
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Source Code Capital
VC Fund · Chaoyang, Liaoning, China · 1 investments in China Construction startups, 18 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 inceptionincluding Bytedance, Meituan, Homelink, among many others. Source Code is focused on the “Big 3” fundamental drivers, which are Internet+, AI+, and Global+ , and invests along sectors such as media and entertainment, consumer services, enterprise, finance, retail, transportation, housing, education, and healthcare.

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Investment focus

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

Investor stats

  • Total investments: 200
  • Round size: Series A $1.4M–$41M; Series B $14M–$90M; Series C $30M–$200M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Legendsemi — Legendsemi focuses on the development and design of high-performance analog and mixed-signal chips.
  • Minghao Technology — Minghao Technology is a comprehensive solution provider for optometry.
  • Unisun Energy Group — Unisun Energy is a globalized photovoltaic technology solution provider, Unisun's eminent services rely on its effecient cost control, professional technology team, abundant project and financial resources, front-edge data analysis and reassuring O&M.
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Focus Media
VC Fund · Shanghai, Shanghai, China · 1 investments in China Construction startups

Focus Media (分众传媒) is a provider of product lines covering several media networks that aims at characteristic audiences such as video media in commercial buildings, terminal video media in stores, media in the elevators of apartments, outdoor large LED color screen media and advertising media of cinemas, and more.It owns several media networkssuch as video media in commercial buildings, terminal videos in stores, print media in the elevators of apartments, outdoor large LED color screen media, mobile wireless advertising media, internet advertising platforms, focus and direct-effect commercial DM media, database marketing channels, and more.Focus Media is highly identified in the industry with its unique business models, its property of segmenting, vividness and coerciveness in media disseminating.

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Investment focus

  • Industry: Internet, Media and Entertainment, Health Care
  • Stage:Series A, Series B, Angel
  • Geography: China, United States

Investor stats

  • Total investments: 13
  • Round size: Angel $4.5M–$14M; Series A $1.4M–$69M; Series B $2.7M–$14M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • AIbuy24h — AIbuy24h manufactures and develops Internet of things powered vending machines. Its products include self service ice cream vending machine, self service orange and apple juice vending machine.
  • Dazhongkanche — Dazhongkanche provides information services for automobile users.
  • Qingwei Intelligent Technology — Qingwei Intelligent Technology is a Chinese artificial intelligence (AI) chip maker
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Ceyuan Ventures
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in China Construction startups

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.

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Investment focus

  • Industry: Software, Internet, Mobile
  • Stage:Series A, Series B, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 102
  • Round size: Angel $412k–$3M; Series A $1M–$22M; Series B $2.7M–$30M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — last raise in 2012

Portfolio highlights

  • Zaihui — Zaihui is a SaaS-based data-driven marketing automation solution for local businesses that offers them with member management, precipitation members, incentive members, and mining member values. Product system offers intelligent precision marketing, integral marketing, stored-value marketing, anniversary marketing, attendant performance, thememarketing activities, and brand packaging marketing.Zaihui is headquartered in China and the company was founded in 2015.
  • Qinglei Technology — Qinglei Technology is a radar sensing technology startup.
  • Siyue Intelligence — Siyue Intelligence produces software and hardware for TFT-LCD semiconductor automation. It integrates R&D, design, production, and service, and is committed to providing fully automated warehousing robot systems, and intelligent detection.
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Hejun Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Construction 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: 48
  • Round size: Angel $275k–$2.7M; Series A $1.4M–$5.5M; Series B $2.7M–$69M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Kitchen core — Chu Xin was founded in 2016 to focus on the intelligence of the kitchen, and is dedicated to building a clean and hygienic kitchen brand for the restaurant chain.The intelligent dishwasher can complete the cleaning, disinfection and drying process in one minute.The core of the kitchen core smart dishwasher is "technology-driven + machinenetworking", by introducing artificial intelligence and data monitoring into the tableware cleaning scene Distinguish a single inefficient dishwashing process for manual dishwashing, and integrate "high-pressure stain removal, three-dimensional washing, intelligent temperature sterilization, and full-dimensional drying" into one linkComplete the cleaning, sterilization and drying process in one minute, and the tableware is washed and used immediately, which greatly improves efficiency and ensures cleanliness and hygiene. At the same time, distinguishing traditional dishwashers, the kitchen core applies cutting-edge Internet of Things and big data technologies to continuously improve the standard and experience of smart cleaning services.
  • 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.
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Nanjing Jiangning Jingji
VC Fund · Nanjing, Jiangsu, China · 1 investments in China Construction startups

Nanjing Jiangning Jingji is an investment firm that provides asset management and investment management services.

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Investment focus

  • Industry: Finance, Consulting, Real Estate
  • Stage:Angel
  • Geography: China

Investor stats

  • Total investments: 2
  • Round size: Angel $412k–$412k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Jiangsu Kedai — Jiangsu Kedai is a science and technology microfinance company.
  • NEW SPACE — NEW SPACE operates in parks, land, and real estate development.
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ShenZhen GTJA Investment Group
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Construction startups

ShenZhen GTJA Investment Group was founded in 2001

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Investment focus

  • Industry: Health Care, Biotechnology, Pharmaceutical
  • Stage:Series B, Angel, Series C
  • Geography: China, United States

Investor stats

  • Total investments: 39
  • Round size: Angel $412k–$1.2M; Series B $2.7M–$100M; Series C $4.1M–$96M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • DK MedTech — Dingke Medical is a medical device tech firm specializing in the R&D and production of vascular interventional medical treatment products.
  • TenNor Therapeutics — TenNor Therapeutics is a clinical stage, product development company with a sharp focus on unmet medical needs in the area of infectious diseases. The company possesses a dual-acting drug discovery platform with several innovative products in various stages of preclinical and clinical development. The company is developing new drugs for thetreatment of Helicobacter pylori infections, prosthetic joint infections, multidrug-resistant Gram-negative infections and some other common and serious infectious diseases.
  • Atom Bioscience & Pharmaceutical — Atom Bioscience is a clinical-stage biotechnology company developing new treatments for inflammatory and metabolic diseases such as chronic gout and non-alcoholic steatohepatitis.
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Boya Capital
VC Fund · Haidian, Beijing, China · 1 investments in China Construction startups

In the era of capital economy in which “people have no equity and no wealth”, in order to help entrepreneurs broaden investment channels, reduce investment risks, and share great opportunities in the era of equity investment, Boya Capital relies on its strong platform resources, good professional background, and rich asset management. Experienceand extensive social network, connecting investors with domestic top private equity investment institutions, providing a sound investment and financing platform, asset management platform and information service platform, and building a complete, systematic and efficient liberal arts investment and financing ecosystem. To help Chinese entrepreneurs enjoy the dividends of the capital economy era.

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Investment focus

  • Industry: Medical, Big Data, Software
  • Stage:Series A
  • Geography: China, Israel

Investor stats

  • Total investments: 3
  • Round size: Series A $1.4M–$89M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • BWCG — BWCG is an architectural decoration design and construction company.
  • Radiaction — Radiaction proactively blocks radiation at the source, providing the entire interventional team with head-to-toe scatter radiation protection.
  • Ruizhi Hechuang Technology — Ruizhi Hechuang Technology is a big data integration service provider.
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DHVC
VC Fund · Palo Alto, California, United States · 1 investments in China Construction startups

DHVC is a venture capital firm based in Palo Alto, California, that invests in Enterprise, Consumer, FinTech, and Healthcare companies.

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Investment focus

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

Investor stats

  • Total investments: 191
  • Round size: Seed $800k–$8M; Series A $2.9M–$31M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Lifeform — Lifeform provides decentralized identity systems for Web3 avatars.
  • Ping — Ping provides international contractors and freelancers with access to a personal Dollar account in the United States.
  • Polyhedra Network — Polyhedra Network is constructing the infrastructure for Web3 interoperability through the use of advanced zero-knowledge proof protocols.
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Creo Capital
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in China Construction startups

Creo Capital is a fund under New World Development Group.

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Investment focus

  • Industry: Manufacturing, Robotics, Supply Chain Management
  • Stage:Series B, Series A, Seed
  • Geography: China, Hong Kong, Philippines

Investor stats

  • Total investments: 9
  • Lead/follow: no public data

Portfolio highlights

  • Sophon — Sophon is a national high-tech enterprise that focuses on research & deelopment, designing & manufacturing of material handling equipment.
  • Hanyang Technology — Hanyang Technologies is a company that specialises in the design, research, development, manufacturing, sales, and servicing of garden intelligent robot products.
  • Cornerstone Robotics — Cornerstone Robotics operates to improve the accessibility of high-end medical services in China.
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Jiangsu Zhihuigu Investment Management
VC Fund · Nanjing, Jiangsu, China · 1 investments in China Construction startups

Jiangsu Zhihuigu Investment Management is engaged in medium-sized restaurants.

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Investment focus

  • Stage:Angel
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • BWCG — BWCG is an architectural decoration design and construction company.
  • Huizhi Interactive — Huizhi Huyu Intelligent is a commercial application provider of digital people.
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South Africa One-Belt-One-Road International Investment Group
VC Fund · 1 investments in China Construction startups

South Africa One-Belt-One-Road International Investment Group is an investment Firm.

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Investment focus

  • Industry: Construction, Information Services
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Jianzhugang.com — The construction port is a construction industry information service platform. The service targets include construction companies and construction teams. The service scope mainly includes providing project information, labor worker information, construction company information, and building materials mall information. Committed to solving theproblems of difficult recruitment, difficult salary and high cost in the construction industry. The construction port was established in 2015. With the labor service as the entry point, the construction labor service, building materials mall, construction training, engineering machinery, dispatching command center and other layouts will gradually improve the industry ecological chain and set a benchmark for the industry. In the first two years of its establishment, it has always focused on the accumulation of technology and resources. At the same time, it has become a good time to adapt to the favorable policies and the development of science and technology. It has not only grown rapidly, but has also become a model benchmark enterprise for domestic Internet + architecture through the identification of national high-tech enterprises.
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Xiangfeng Capital
VC Fund · 1 investments in China Construction startups

Xiangfeng Capital

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Investment focus

  • Industry: Machinery Manufacturing, PaaS, Construction
  • Stage:Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • SemiDrive — Semidrive is a car smart driving chip developer specializing in automotive applications, providing users with products such as ADAS and autonomous driving. It is dedicated to helping users solve the problem of smart driving chips. It also provides research and development services for intelligent core processors. The company's main researchand development of car processor chip products, providing smart car core chips and high-performance industrial microprocessors and other semiconductor products and system-level turnkey solutions. Its chip's main application areas include: intelligent cabin and in-car entertainment systems, ADAS and L2.5 and below, and automatic controllers
  • Rongka Technology — Rongka Technology is a leading provider of IoT security overall solutions in China.
  • Iridium Molybdenum Intelligent — Iridium Molybdenum Intelligent engages in creating intelligent construction machinery products and providing integrated solutions for mine capacity services.
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WeDo Capital Management
VC Fund · Beijing, Beijing, China · 1 investments in China Construction startups

WeDo Capital Management is a Beijing-based venture capital and investment firm focused on healthcare and technology. It began operation on February 2, 2016, with its headquarters in Beijing in China

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Investment focus

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

Investor stats

  • Total investments: 11
  • Lead/follow: no public data

Portfolio highlights

  • Qihui Biotechnology — Qihui Biotechnology is a research and development company of testing and diagnostic equipment.
  • Iridium Molybdenum Intelligent — Iridium Molybdenum Intelligent engages in creating intelligent construction machinery products and providing integrated solutions for mine capacity services.
  • Next Generation Gene Therapeutics — Next Generation Gene Therapeutics is a healthcare company that engages in the research and development of gene therapy. Its unique propriety technology of "one target and two bullets" can provide effective treatment for a variety of genetic diseases that currently have few therapeutic methods in the world.NGGT was founded in March 2020by senior scientists and entrepreneurs in the field of gene therapy. It is committed to becoming the world's leading gene therapy company with international influence. The company has successful experience in the whole industry chain, concerning the early development of gene therapy products, the large-scale production of viral vectors, the construction of quality standards, international multi-center clinical research, and the application for the marketing of gene therapy products.
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Suzhou Gaomei Capital
VC Fund · Suzhou, Jiangsu, China · 1 investments in China Construction startups

Suzhou Gaomei Capital is an investment firm.

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Investment focus

  • Industry: SaaS, Software, Construction
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Yixieyun — Yixieyun is a SaaS service provider for enterprise collaboration and project management. It focuses on promoting the digital upgrade of enterprise collaboration, maintains a close co-creation relationship with the DingTalk Open Platform, and participates in many co-creation projects of the DingTalk platform's open capabilities. The companyaims to help companies improve team collaboration efficiency and achieve digital upgrades, creating an integrated intelligent collaborative office solution. Facing the two perspectives of management and employees, ant division of labor can provide scene solutions such as organization and arrangement, execution of collaboration, tracking and landing, human efficiency evaluation, and experience reuse. Ant Partners is committed to counting customers for business operations, depositing digital assets, and realizing business expansion and empowerment.
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Construction Investor funding in China at a glance

Stats across 96 deals from 168 investors.

168
investors
in China Construction startups
96
deals
in China Construction startups
$2.7M
median round
in China Construction startups
30%
lead investors
lead at least one round
24%
Angel
most common funding stage
100/0
VC / Angel
share of investor count

Access all 168 investors in China Construction startups.

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