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Top 50 Enterprise Software Startup Investors in China (May 2026)

The most active venture capital funds and angel investors investing in China Enterprise Software startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Enterprise Software startup companies. Find investors to raise a Series A, Series B or Angel round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Shenzhen Capital Group
VC Fund
4 China, United States, Japan Series A, Series B, Series C Manufacturing, Health Care, Software $1.4M–$604M
IDG Capital
VC Fund
3 China, United States, India Series A, Series B, Series C Software, Internet, E-Commerce $2.9M–$190M
UnityVC
VC Fund
3 China, United States, Hong Kong Angel, Series A, Seed Information Technology, E-Commerce, Software $137k–$12M
Shunwei Capital
VC Fund
3 China, India, United States Series A, Series B, Series C Internet, E-Commerce, Software $1.4M–$99M
01vc
VC Fund
3 China, Hong Kong, United States Series A, Angel, Seed E-Commerce, Logistics, B2B $275k–$11M
Cheetah Mobile
VC Fund
3 China, United States, United Kingdom Series A, Angel, Series B Software, Artificial Intelligence, Hardware $412k–$33M
Qiming Venture Partners
VC Fund
3 China, United States, Hong Kong Series B, Series A, Series C Health Care, Medical, Biotechnology $4.1M–$148M
Sunyard
VC Fund
3 China Seed, Angel, Series A Enterprise Software, Computer, Software $1.4M–$5M
Ivy Capital
VC Fund
2 China, United States Series A, Series B, Angel Information Technology, Software, Manufacturing $412k–$15M
Lotus Lake Ventures
VC Fund
2 China Series A, Series B, Series C Biotechnology, Health Care, Pharmaceutical $687k–$69M
Ultrabuttonwood Capital
VC Fund
2 China Angel, Series A, Series B Cloud Computing, Information Technology, Education $412k–$27M
ZhenFund
VC Fund
2 China, United States, Singapore Series A, Seed, Series B Artificial Intelligence, Software, E-Commerce $820k–$50M
Albatross Venture
VC Fund
2 China, Singapore Series A, Seed, Angel Software, Information Technology, SaaS $412k–$4.1M
Eminence Ventures
VC Fund
2 China, Japan Series A, Seed, Angel Software, Information Technology, Artificial Intelligence $2.9M–$10M
PreIPO
VC Fund
2 China Series A, Series B, Angel Manufacturing, Advertising, Health Care $288k–$824M
Yonghua Capital
VC Fund
2 China, United States, Canada Series A, Series B, Angel Education, Health Care, Manufacturing $412k–$100M
Sequoia Capital China
VC Fund
2 China, United States, Australia Series A, Series B, Series C Health Care, Biotechnology, Artificial Intelligence $4M–$200M
Nanotrend Capital
VC Fund
2 China Seed Solar, Semiconductor, Electrical Distribution
Hillhouse Capital Group
VC Fund
2 China, United States, India Series B, Series A, Series C Biotechnology, Health Care, Software $1.4M–$310M
Meridian Capital
VC Fund
2 China, Latvia, Seychelles Series A, Angel, Series B Internet, Software, Information Technology $412k–$55M
Junsan Capital
VC Fund
2 China Series A, Seed, Angel Manufacturing, Software, Information Technology $412k–$14M
Score Capital
VC Fund
2
Green Pine Capital Partners
VC Fund
2 China, United States, Canada Series A, Angel, Series B Artificial Intelligence, Manufacturing, Software $412k–$150M
Northern Light Venture Capital
VC Fund
2 China, United States, South Korea Series A, Series B, Seed Health Care, Medical, Internet $500k–$58M
Richland Equities
VC Fund
1 China Series A, Series C FinTech, Software, Automotive $1.4M–$5.8M
Aistar Ventures
VC Fund
1 China Seed, Series A Software, Robotics, Security
Zhejiang Paradise
VC Fund
1 China, Hong Kong Post-IPO Equity, Angel Manufacturing, Software, Information Technology $412k–$4.5M
Tonggao Capital
VC Fund
1 China Angel, Series A Sales, Hardware, Marketing $412k–$412k
GL Ventures LLC
VC Fund
1 China Series A Hardware, Embedded Software, Developer Platform
Sinopharm-CICC
VC Fund
1 China, United States Series C, Seed, Series D Health Care, Biotechnology, Pharmaceutical
SAIF Partners
VC Fund
1 China, India, United States Series B, Series A, Series C E-Commerce, Internet, Software $1.4M–$96M
Infore Capital
VC Fund
1 China Series B, Series A Artificial Intelligence, Information Technology, Apps $14M–$19M
Picus Capital
VC Fund
1 Germany, United States, United Kingdom Seed, Series A, Pre-Seed Financial Services, FinTech, Software $500k–$33M
Zhongqi Touzi
VC Fund
1 China Angel, Series A Winery, Agriculture, Virtual Reality
Shaanxi Tourism Group
VC Fund
1 China Series A Virtual Reality, Enterprise Software
Addor Capital
VC Fund
1 China, Hong Kong, United States Series A, Series B Manufacturing, Medical, Electronics $1.4M–$41M
K2VC
VC Fund
1 China, United States, Japan Series A, Angel, Seed E-Commerce, Health Care, Software $412k–$23M
Blue Ocean Capital
VC Fund
1 China, United States Angel, Seed, Series A E-Commerce, SaaS, Fashion
Taiya Dingfu
VC Fund
1 China Angel, Series A Gaming, Fashion, Robotics
PreAngel
VC Fund
1 China, United States, Switzerland Angel, Seed, Series A Internet, Software, Blockchain $124k–$10M
Zhuoyuan Capital
VC Fund
1 China, United States Series A, Angel, Seed Artificial Intelligence, Software, Manufacturing $1.4M–$27M
Galaxy Capital
VC Fund
1 China Angel Big Data, Internet, Software
Vision Knight Capital
VC Fund
1 China, Malaysia, Thailand Series A, Series B, Series C Artificial Intelligence, Information Technology, Food and Beverage $10M–$137M
Shanghai Fuli Investment Management
VC Fund
1 China Series A SaaS, Legal, Software
OFC
VC Fund
1 China, United Arab Emirates Series A, Series B Information Technology, SaaS, FinTech
Honze Invest
VC Fund
1 China Series A Software, Enterprise Software, Information Technology
Yonyou
VC Fund
1 China Series A, Angel Software, Information Technology, Financial Services $412k–$5.5M
Kunlun Capital
VC Fund
1 China Seed, Series A, Series B Air Transportation, Aerospace, Energy $14M–$14M
Dynamic Balance Capital
VC Fund
1 China Series A, Angel, Seed Health Care, Manufacturing, Biotechnology
X Capital
VC Fund
1 China, Japan, United States Series A, Series B Software, Manufacturing, Hardware $1.4M–$14M
Access all 277 investors in China Enterprise Software startups.

Access 48,091 investors

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

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Investor list

Shenzhen Capital Group
VC Fund · Shenzhen, Guangdong, China · 4 investments in China Enterprise Software startups, 13 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 241
  • Round size: Series A $1.4M–$604M; Series B $2.7M–$137M; Series C $3.9M–$137M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Cybernetics — Cybernetics is a producer of digital energy solutions and products based on electrical measuring technology.
  • Changyang Software — Changyang Software adheres to the concept of independent innovation, focuses on the field of national basic software security, develops a series of secure operating system products, and performs migration and adaptation, reconstruction, independent research and development of Xinchuang products, and security solution design and implementation.
  • Runpeng Semiconductor — Runpeng Semiconductor is a chip and integrated circuit producer and developer.
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IDG Capital
VC Fund · Beijing, Beijing, China · 3 investments in China Enterprise Software startups, 24 in the past 12 months

IDG Capital is an investment firm that funds early- to growth-stage companies in the technology sector. Today they work with private equity and venture capital fund managers, investment advisors, and business entities from around the world. Their limited partners include many internationally reputable investors, including sovereign wealth funds,pension funds, institutional investors, major charities, university endowments, family offices, and business luminaries.IDG Capital brings a powerful combination of global perspective and local experience to investment management. As long-term value investors, they are highly skilled at mobilizing global resources to address local needs, especially for Inbound and outbound opportunities in China and the rest of Asia. Their highly skilled team has an in-depth understanding of the Chinese market and enjoys close relationships with many influential business leaders.

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Investment focus

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

Investor stats

  • Total investments: 611
  • Round size: Series A $2.9M–$100M; Series B $6.9M–$137M; Series C $15M–$190M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Infinimos — Infinimos is a Cosmos ecological liquid staking derivatives platform that aims to build a decentralized and democratized ecosystem capable of maximizing staking rewards while retaining liquidity.
  • Xbotspace — Xbotspace is the generative AI middleware startup investigates the implementation and deployment of huge language models.
  • Biotyx Medical — Biotyx Medical manufactures and sells iron-based biodegradable vascular materials and stents.
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UnityVC
VC Fund · Beijing, Beijing, China · 3 investments in China Enterprise Software startups

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

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Investment focus

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

Investor stats

  • Total investments: 87
  • Round size: Seed $137k–$8.4M; Angel $275k–$961k; Series A $1.4M–$12M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • HAAWKING — Haawking is a supplier of digital signal processors. Their products used in industrial control, motor drives, digital power supplies, photo voltaic, energy storage, new energy automotive and consumer electronics. Their customer can contact through mail id and phone number.
  • Xingzhe AI — Xingzhe AI ​​focuses on the research and application of artificial intelligence in the field of games.
  • Guangzhou Daopulse Energy — Guangzhou Daopulse Energy is dedicated to the research and development and manufacturing of batteries and energy storage equipment, as well as the creation of an energy ecosystem and the resolution of energy and environmental challenges. Daopulse strives to provide its clients with delightful experiences by providing quality products and competentservices.
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Shunwei Capital
VC Fund · Beijing, Beijing, China · 3 investments in China Enterprise Software startups, 21 in the past 12 months

Shunwei Capital is a venture capital fund that focuses on early to mid-stage investments in local internet industry. It specializes in incubation, startups, early to mid-stage, and growth capital investments. It seeks to invest in the technology, media, telecommunications, high technology, new media, games, internet finance, and rural area internetsectors. Their investors include sovereign wealth funds, fund of funds, university endowment funds, and family offices.Shunwei Capital is a China-based company that was founded in 2011 by Tuck Lye Koh and Lei Jun.

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Investment focus

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

Investor stats

  • Total investments: 301
  • Round size: Series A $1.4M–$30M; Series B $10M–$50M; Series C $20M–$99M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $1.2B in 2018

Portfolio highlights

  • 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.
  • Ant Workshop — Ant Works is an e-commerce platform integrating industrial automation products, the Internet, and supply chain services.It aims to build a new industrial product marketing method with "industrial cloud components + Internet + supply chain SAAS services" as the main body. An integrated platform for online and offline transactions,services, and support. It has the characteristics of high cost performance, authentic guarantee, fast shipping, free 3D download, and so on. Through diversified product categories and sufficient inventory, customers can efficiently search for and purchase suitable products.
  • Yixin Technology — Yixin Technology focuses on R&D of image software, with the goal of flattening image processing technology to promote the design revolution.
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01vc
VC Fund · Shanghai, Shanghai, China · 3 investments in China Enterprise Software startups

01vc is a venture capital firm focused on making early-stage investments in mobile internet and marketplace startups such as trading platforms, enterprise service, SaaS, logistics, mobile internet-related finance, e-commerce, and B2B. The firm also invests in the Southeast Asia market. 01vc was established in 2014 and is based in Shanghai, China.

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Investment focus

  • Industry: E-Commerce, Logistics, B2B
  • Stage:Series A, Angel, Seed
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 45
  • Round size: Seed $1M–$1.5M; Angel $275k–$1.4M; Series A $1M–$11M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: Likely still investing — raised $60M in 2022

Portfolio highlights

  • Tymo — TYMO is a company specializing in developing hair styling tools. TYMO brand gets well known since 2019, through the exposure of its famous straightening brushes among social media influencers. TYMO offers best products at affordable price. Worldwide shipping service is available.
  • BANGBANG ROBOT — BANGBANG ROBOT manufactures and sells movable assistant robot for the disabled people.
  • Hezhong Enterprise Cloud — Hezhong Enterprise Cloud offers digital working capital solutions for enterprises. They use proprietary algorithms to create a reasonable market pricing model, improve capital flow efficiency, and achieve a win-win situation for both parties.
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Cheetah Mobile
VC Fund · Beijing, Beijing, China · 3 investments in China Enterprise Software startups

Cheetah Mobile is a mobile internet company that develops mobile applications and provides internet security software for its clients. Its mission critical applications, including Clean Master, CM Security, Battery Doctor, and Duba Anti-virus, help make the internet and mobile experience speedier, simpler, and safer for users worldwide. The Companyalso provides various platform products such as Duba.com, Cheetah browser, game centers, and mobile app stores to provide multiple user traffic entry points and global content distribution channels for its business partners.Founded in 2010 by Robert M. Darroll and Sheng Fu, the principal executive office and major research and development center of Cheetah Mobile are located in Beijing, China. There are also other research and development centers located in Zhuhai, Zhengzhou, Guangzhou, Suzhou, and Hangzhou.

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Investment focus

  • Industry: Software, Artificial Intelligence, Hardware
  • Stage:Series A, Angel, Series B
  • Geography: China, United States, United Kingdom

Investor stats

  • Total investments: 36
  • Round size: Angel $412k–$3M; Series A $1.4M–$13M; Series B $2.7M–$33M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • GOQii — GOQii is headquartered in California with offices in Mumbai and Shenzhen. It is dedicated to enabling a permanent shift to a healthier lifestyle with the combination of advanced wearable technology, the world's leading experts, coaches and karma. GOQii focuses on sustained engagement & goal reinforcement and offers a complete ecosystem asa single integrated solution, which is a powerful combination of technology and human connection. GOQii is a collaboration of some of the world's leading experts and an amazing management team who are driven by a passion for healthy sustainable living, and who believe that all of us contain boundless potential. GOQii's goal is to enable millions of people across the world to "be the force" by helping them unleash their untapped potential.
  • Yongan Online — Yongan Online is an enterprise services platform providing anti-fraud solutions for the Internet and financial industries.
  • Infinite Gravity — Infinite Gravity is a game development company specializes in the sandbox games.
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Qiming Venture Partners
VC Fund · Shanghai, Shanghai, China · 3 investments in China Enterprise Software startups, 59 in the past 12 months

Founded in 2006, Qiming Venture Partners is a leading China venture capital firm with offices in Shanghai, Beijing, Suzhou, Hong Kong, Seattle, Boston and the San Francisco Bay Area.Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.4 billion in capital raised. Since our establishment, we have investedin outstanding companies in the Technology and Consumer (T&C) and Healthcare industries at the early and growth stages.Since our debut, we have backed over 480 fast-growing and innovative companies. Over 180 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange or Shenzhen Stock Exchange, or through M&A or by other means. There are also over 70 portfolio companies that have achieved unicorn status.

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Investment focus

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

Investor stats

  • Total investments: 487
  • Round size: Series A $4.1M–$48M; Series B $10M–$100M; Series C $16M–$148M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Atantares — We are a development stage startup enabling the next generation of precision medicine by fusing biochip and AI technologies.
  • Saints Sages Medical — Saints Sages Medical is engaged in the production and sales of minimally invasive surgical medical devices. They have several energy device products that are widely used in minimally invasive surgery, hepatobiliary surgery, gynecology, urology, thoracic surgery, and other departments. Saints Sages closely monitors clinical needs and develops moreinnovative minimally invasive surgical devices to serve global patients, relying on a professional research and development team and years of the clinical transformation experience.
  • Epigenic Therapeutics — Epigenic Therapeutics is a biotech firm that offers gene editing therapy.
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Sunyard
VC Fund · Hangzhou, Zhejiang, China · 3 investments in China Enterprise Software startups

Sunyard operates as a financial software solution provider.Sunyard is also one of the earliest software with independent IPR and provides application solutions, achieving profound knowledge in software products and their applications, outsourcing services and environmental technologies. Their products have been widely applied to banking,securities, insurance, industry and commerce, transportation, education, justice, petrochemical, electrical power, and governmental departments. Moreover, Sunyard was publicly listed in Shanghai Stock Exchange in 2002.The company was founded in 1996 and is headquartered in Hangzhou, Zhejiang, China.

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Investment focus

  • Industry: Enterprise Software, Computer, Software
  • Stage:Seed, Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 8
  • Round size: Seed $1.4M–$2.1M; Angel $2.9M–$5M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Naturobot — Naturobot is an enterprise automation process platform to provide information for the management and performance improvement of enterprises.
  • Yanhuang Data — Yanhuang data analysis platform is a set of full-stack platform with complete independent intellectual property rights.
  • Platypus Supply Chain Management — Shanghai Platypus Supply Chain Management Co., Ltd. (hereinafter referred to as the Platypus) was established in July 2017. The company is deeply involved in the container road transportation market segment and builds a super fleet based on the Internet. Platypus uses technology as the core driving force for the company's development. It iscommitted to breaking through the scale bottleneck of traditional transportation companies through technology research and development and model innovation, achieving large-scale operations, while greatly improving efficiency and greatly enhancing the customer service experience.
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Ivy Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in China Enterprise Software startups

Ivy Capital is a premier venture capital and growth equity firm that finances early- or growth-stage companies. They invest in high-growth businesses with defensible business model, strong management team and huge market potential.

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Investment focus

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

Investor stats

  • Total investments: 61
  • Round size: Angel $412k–$1.4M; Series A $1.4M–$13M; Series B $2.7M–$15M
  • Lead/follow: 20% lead, 80% 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.
  • Xingwei Technology — Xingwei Technology is a high-tech enterprise focusing on high-end equipment, develops and manufactures high-performance Machine equipment and motion control systems. .
  • Shijia Technology — Shijia Technology mainly develops, produces, and sells core components, software hardware, and system solutions for air suspension systems and intends to become a business specializing in research and development.
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Lotus Lake Ventures
VC Fund · Beijing, Beijing, China · 2 investments in China Enterprise Software startups, 8 in the past 12 months

Lotus Lake Ventures is an investment firm committed to investing in science and technology innovation enterprises, focusing on high-tech and high-tech enterprises with core competitiveness in the initial stage and growth stage..

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Series A, Series B, Series C
  • Geography: China

Investor stats

  • Total investments: 45
  • Round size: Series A $687k–$69M; Series B $2M–$37M; Series C $6M–$38M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Kanova — Kanova is a biopharmaceutical firm.
  • SinoTau — SinoTau is a total solution provider specializing in generic drugs and innovative drugs.
  • Yanming Biology — Pyrotech pharmaceuticals is a biotechnology company that focuses om development for drugs for the treatment of inflammation and tumors.
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Access 48,091 investors

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

Browse database — It's Free!
Ultrabuttonwood Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Enterprise Software startups

Ultrapowerfund Capital is a venture capital firm specializing in investment in online games and pre-service education sectors.

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Investment focus

  • Industry: Cloud Computing, Information Technology, Education
  • Stage:Angel, Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 17
  • Round size: Angel $412k–$6M; Series A $412k–$7.6M; Series B $27M–$27M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Boshang — Boshang focuses on vertical industries, building low-cost and high-quality private LTE/5G private networks for enterprise customers, and providing slicing and in-depth customized services for different business needs.
  • Aerospace Yuxing — Aerospace Yuxing provides global space infrastructure construction and operation services.
  • Hua Kong TsingJiao — Hua Kong TsingJiao is an IT company that focuses on the research, development, and construction of large-scale technology based on modern cryptography and game theory. Its computing platform implements solutions that support general computing types and is compatible with NumPy and Pytorch and other function libraries, which greatly reduces thelearning curve for users to use ciphertext calculations.The company was founded in 2018 and is based in Haidian District, Beijing, China.
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ZhenFund
VC Fund · Beijing, Beijing, China · 2 investments in China Enterprise Software 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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Albatross Venture
VC Fund · Beijing, Beijing, China · 2 investments in China Enterprise Software 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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Eminence Ventures
VC Fund · Shanghai, Shanghai, China · 2 investments in China Enterprise Software startups

Eminence Ventures is a venture capital firm.

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Investment focus

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

Investor stats

  • Total investments: 16
  • Round size: Angel $2.9M–$5M; Series A $4.4M–$10M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Hokdo — All-in-one Customer OS to accelerate growth
  • Blue Pulse — Blue Pulse currently focusing on providing users with video captioning and audio-to-text services.
  • Yige Cloud Technology — Yige Cloud is a zero-trust enterprise network security solution provider.
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PreIPO
VC Fund · Shanghai, Shanghai, China · 2 investments in China Enterprise Software startups

PreIPO is a private equity fund that provides investors with access to pre-IPO companies.

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Investment focus

  • Industry: Manufacturing, Advertising, Health Care
  • Stage:Series A, Series B, Angel
  • Geography: China

Investor stats

  • Total investments: 30
  • Round size: Angel $288k–$5.5M; Series A $1.4M–$31M; Series B $2.7M–$824M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • SVOLT — SVOLT manufacturer of electric batteries. They specialize in the manufacturing of automotive power batteries and energy storage systems. Their market applications include passenger cars, commercial vehicles, energy storage, and light power solutions. Their products include batteries and energy storage batterie. They provide users with energyvehicle charging piles, batteries recycling, and solutions.
  • Weimob — Weimob, a WeChat-based CRM solution provider. Weimob is a SAAS platform that primarily provides enterprises with WeChat-based development, operation, training, and promotional solutions, helping businesses that do not have software development experiences to build m-commerce platforms on WeChat at lower costs. Wemob also provides SCRM and trafficanalytic tools, allowing clients to optimize promotion procedure and improve marketing performance.
  • Nivriti Solutions Global Private Limited — 1. Sophisticated asset tracking system navigates the fleet on right paths and ensure speed limit compliance 2. SaaS model with enterprise software integrations provides precise reports that are user-friendly and adaptable 3. Custom IoT hardware predicts possible breakdowns and ensures preventive repairs 4. Regulatory approved standards reportingcompiled with requirements, allowing better investor attention and credit score 5. High quality devices capture live videos of ride, ensure driver soberness, and prevent fatigue state driving
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Yonghua Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in China Enterprise Software startups, 9 in the past 12 months

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 teamcovering 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: Education, Health Care, Manufacturing
  • Stage:Series A, Series B, Angel
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 119
  • Round size: Angel $412k–$13M; Series A $1.4M–$48M; Series B $2.7M–$100M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • FREQX — FREQX is a company that provides industrial AI predictive maintenance. In addition to advancing automation, intelligence, and refinement in important industrial domains, Frequency Exploration develops and applies failure prediction and intelligent maintenance systems for process machines.
  • iMin Technology — As a POS hardware supplier, iMin Technology develops a wide range of intelligent commercial IoT solutions.
  • Evolution Technology — Evolution Technology is providing green, safe, efficient, and low-cost technical solutions for global oxidation reactions.
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Sequoia Capital China
VC Fund · Beijing, Beijing, China · 2 investments in China Enterprise Software startups, 56 in the past 12 months

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, Australia

Investor stats

  • Total investments: 643
  • 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

  • FUE Bioscience — FUE Bioscience is a medical robot R&D business that specializes in microsurgery above the head and neck. It continues to develop a product matrix of fully intelligent, high-precision, and anthropomorphic surgical robots based on the platform of macro-micro-controlled humanoid dual-arm robots.
  • Life Wilderness — Life Wilderness reimagines human-computer interaction and is linked to the transportation and travel industries.
  • Xintu Heterogeneous — Xintu Heterogeneous offers data storage solutions for heterogeneous computing.
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Nanotrend Capital
VC Fund · 2 investments in China Enterprise Software startups

Nanotrend Capital is a market-oriented professional equity investment institution with state-owned shares in Suzhou Industrial Park. Nanotrend focuses on equity investment in the nanotechnology application sector, creates a financial environment for the nanotechnology application industry, and enables hard technology companies to scale quickly.

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Investment focus

  • Industry: Solar, Semiconductor, Electrical Distribution
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Peifeng Tunan — Peifeng Tunan is an enterprise that offers Design Technology Co-Optimization (DTCO) one-stop "software + service" complete solutions for manufacturing of full process EDA software.
  • Xinta Electronics — Xinta Electronics focuses on supplying third-generation semiconductor power devices and overall application solutions to customers. SiC SBD, SiC MOSFET, SiC power modules, and other products are available for application in solar energy storage, high-end power supplies, new Energy cars, charging piles, and other clean energy fields.
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Hillhouse Capital Group
VC Fund · Changyang, Beijing, China · 2 investments in China Enterprise Software startups, 16 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: 312
  • 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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Meridian Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in China Enterprise Software startups

Meridian Capital is the leading TMT field of venture capital institution in China. They have a wide range of investment layout in the mobile Internet and media entertainment field and they have a vibrant and experienced investment team.Meridian Capital’s investment area is relatively concentrated, and its investment can be regarded as investmentwithin the industry. They have a wide range of layout-oriented investments in the core areas of industry such as culture and entertainment, consumption upgrades, Internet finance, and enterprise services, with the flow of inputs and realization methods. It has a clear view of development in the industry and sub-industries. Social, online-business, education, health care, real-estate, car business, digital reading, digital marketing, music, film and television, games, entertainment community and etc, industrial cluster effect is obvious.Since its inception in 2008, Meridian Capital is committed to focusing on investment in culture new media fields, currently it is mainly concerned with culture entertainment, consumption upgrading, Internet finance, and corporate service fields, it has issued 5 RMB funds, and 2 Singapore currency funds, whose total management size topped RMB 5 billion yuan, more than 100 Internet startup enterprises are its beneficiaries. Meridian Capital’s concern for culture new media field is consistently prominent.

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Investment focus

  • Industry: Internet, Software, Information Technology
  • Stage:Series A, Angel, Series B
  • Geography: China, Latvia, Seychelles

Investor stats

  • Total investments: 110
  • Round size: Angel $412k–$8.2M; Series A $412k–$15M; Series B $2.7M–$55M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Stardust.AI — Stardust is a company built by machine learning experts to provide one-stop training data solutions for AI modeling and applications. Its services include image/video annotation, audio transcription, as well as OCR recognition. Stardust built highly optimized production lines for various application scenarios like autonomous driving, facialrecognition, NLP, search relevance, and chatbot to name a few. Stardust have proudly served world-class companies and educational institutions like Tencent, Baidu, Face++, Xiaomi, CUHK, Huazhong University of Science and Technology, etc.
  • Hi after school — Hi after school is an interactive entertainment and performance company.
  • Yuanlian Technology — Yuanlian Technology is an industrial internet platform that provides integrated infrastructure for localized intelligent manufacturing.
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Junsan Capital
VC Fund · Shenzhen, Guangdong, China · 2 investments in China Enterprise Software startups

Junsan Capital Investment was established in 2003, is a direct stake in China's domestic investment / acquisition market pioneer, one of the earliest means of equity investment trusts platform to conduct business, professional bodies, which laid the corporate governance norms in the field of private equity, transparent business tradition.After decades of accumulated business and professional heritage, Jun Sheng has developed into a set of venture capital investment (VC), equity (PE), real estate (REITS) and acquisitions (M & A fund) and other private equity investment fund products integrated asset management company.

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Investment focus

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

Investor stats

  • Total investments: 41
  • Round size: Seed $412k–$14M; Angel $412k–$2.7M; Series A $1.4M–$6.2M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Kingsware — Kingsware specializes in developing a robotic process automation system. It is committed to building an enterprise-level safe robot management platform. Its product follows the design concept of safe, easy-to-use, powerful, stable, and efficient, and the system can be deployed and controlled in a large-scale, highly integrated enterprise complexenvironment.
  • Zhongke Guosheng — Zhongke Guosheng is a bio-based materials R&D firm that designs and develops furan-based bio-based materials.
  • Yinghe Information — Yinghe Information is a software fin-tech firm focusing on core business solutions for data centers and asset management.
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Score Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in China Enterprise Software startups

As a government-approved private equity fund management institution, SCORE CAPITAL has become one of the most influential asset management institutions in the local capital market. The management team is located in Shanghai, Beijing, and Suzhou.SCORE CAPITAL is established as a partnership by successful people from various industries and fields.The partners utilize and integrate their resources in social relationship, industry experience, and funding sources to create value for investors. The management team is consisting of a number of investment professionals with over 10-year experience in the top-class international and local capital markets.SCORE CAPITAL has funds under management over RMB 10 Billion, and has invested in dozens of projects with successful IPO in domestic and overseas security markets.

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Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • YanRong Tech — YanRong is a high-tech enterprise with software-defined storage technology as its core competitiveness. It has independent intellectual property rights in key technologies such as distributed storage and is the leader of next-generation high-performance distributed cloud storage solutions. According to business characteristics of variousindustries, YanRong design personalized industry solutions and provides one-stop products and services. YanRong’s products have served many customers in the financial, government, manufacturing, Internet and other industries.
  • Reconova Technologies — Reconova is a leading artificial intelligence company in China, which focuses on providing cutting-edge visual perception total solutions. Dedicated to the research of innovative computer vision and machine learning technologies, Reconova possesses a significant amount of core technologies in those fields. The core product development team of thecompany is mainly from Huawei with outstanding end-to-end product design and delivery capabilities. In smart retail, smart home, and intelligent security markets, Reconova has all achieved scale production and application. Reconova is the strategic partner of many well-known companies including Alibaba, JD, Midea, Xiaomi, Huawei, Anta, Wanda, Focus Media, and so on.
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Green Pine Capital Partners
VC Fund · Shenzhen, Guangdong, China · 2 investments in China Enterprise Software startups, 7 in the past 12 months

Green Pine Capital Partners is a venture capital firm.

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Investment focus

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

Investor stats

  • Total investments: 135
  • Round size: Angel $412k–$2.1M; Series A $1.4M–$89M; Series B $9.6M–$150M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $137M in 2019

Portfolio highlights

  • Biodep — Biodep produces probiotics and derivatives, which are used in meals, healthy foods, cosmetics, environmental remediation, contemporary agriculture, and other industries.
  • Readline — Readline is a biological immobilized enzyme catalysis technology application service provider.
  • Guorui Xiechuang — Guorui Xiechuang is a joint venture subsidiary of Betterray New Materials Group Co., Ltd., provides power + energy storage products and system integration solutions for global customers.
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Northern Light Venture Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Enterprise Software startups, 13 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 202
  • Round size: Seed $500k–$16M; Series A $4M–$40M; Series B $11M–$58M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Flytech — Flytech specializes in crystal materials and related components for magneto-optical-electrical integrated signal processing.
  • Zhonghui Laser — Zhonghui Laser is an emerging technology company dedicated to the development and manufacture of advanced lasers.
  • Kangpu Biopharmaceuticals, Ltd. — Kangpu is focused on developing small molecule drugs targeting immuno-modulating sites to develop treatments for cancer, autoimmune diseases and inflammation. The company has developed proprietary technologies to generate and degrade ubiquitin-protein. It also has a drug discovery combination platform called X-Synergy®.
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Richland Equities
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Enterprise Software startups

Richland Equities is a Chinese private equity investment company focused on areas such as TMT, advanced manufacturing, healthcare, and more.

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Investment focus

  • Industry: FinTech, Software, Automotive
  • Stage:Series A, Series C
  • Geography: China

Investor stats

  • Total investments: 4
  • Round size: Series A $1.4M–$5.8M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Wanka Online — Wanka Online provides android content distribution services to the mobile advertising industry.
  • Moguyun — Mushroom Cloud is a model that uses gamification to solve the financial needs of young people. Mushroom Cloud” is a model that uses the “game-based investment theme operation + wealth management small shop small program” a model to provide brokers with WeChat small programs, H5, and other financial services providers for game-based cloud services.
  • Chongqing Yade Technology — Chongqing Yade Technology Co., Ltd. (重庆亚德科技有限责任公司) is a Chinese company with a collection of scientific research, consulting, engineering, trade, and technology promotion. It is mainly engaged in information systems and network engineering integration, information and network security integration, the development of industry software, and more.The company has experience in information integration and information services in industries such as education, government, finance, and enterprise. It offers many software products with its own intellectual property rights that include AD E2Q Business Base Platform, Coal Industrial Management Base Information Platform, AD Campus Smart Card, AD OA system, AD Network Accounting System, and more.Yade Technology was founded in June 1999.
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Aistar Ventures
VC Fund · Haidian, Beijing, China · 1 investments in China Enterprise Software startups

Aistar Ventures is focusing on intelligent interaction as an early stage.

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Investment focus

  • Industry: Software, Robotics, Security
  • Stage:Seed, Series A
  • Geography: China

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Harvest Code — Harvest Code is a cultivation decision guidance platform that provides sustainable agricultural solutions to farmers and growers. They use innovative technologies to establish an accurate and effective cultivation guidance system and agricultural product sales platform to help growers improve yield, quality, and profit.
  • Youjie Zhixin — Youjie Zhixin is a high-tech enterprise specializing in the field of artificial intelligence. Youjie Zhixin is deeply engaged in the research of acoustic algorithms and machine vision technology on the embedded side, and is committed to providing integrated software and hard cloud solutions, and using the industry SaaS service system to enhance theproduct value of partners.
  • Kaixin Technology — Kaixin Technology provides data security solutions committed to realizing full encrypted data circulation. It serves the storage, use, sharing, and management of the enterprise data flow process, and provides full encryption security protection and data encryption capabilities. The company has independently developed a series of cryptographicsecurity and data channel technologies to build transparent, scalable, and non-destructive security products and solutions to help secure data flow in financial technology, new infrastructure, cloud storage, and industrial manufacturing. The value of data is empowered to achieve faster, more convenient, safer, and more stable data circulation capabilities.Kaixin Technology is headquartered in Shanghai and is established in 2015.
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Zhejiang Paradise
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Enterprise Software startups

Zhejiang Silicon Paradise Asset Management Group (“TTGG” or “Company”) was founded on Nov. 11, 2000. It has become one of the largest private equity companies in China, No. 1 in Zhejiang Province. Currently, the Company has registered capital of RMB1.2bn, and its shareholders include Heaven-Sent Capital Management Group, Qianjiang Water ResourcesDevelopment Co., Ltd., Zhejiang Orient Holdings Co., Ltd., Minfeng Special Paper Co., Ltd., Chint Group, and Zhejiang Research Institute of Chemical Industry.

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Investment focus

  • Industry: Manufacturing, Software, Information Technology
  • Stage:Post-IPO Equity, Angel
  • Geography: China, Hong Kong

Investor stats

  • Total investments: 68
  • Round size: Angel $412k–$2.7M; Post-IPO Equity $549k–$4.5M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Sico Semiconductor — Sico Semiconductor is a high-tech company dedicated to the development of third-generation semiconductor silicon carbide (SiC) materials.
  • Jiangsu Fant Technology — Fant Technology is a multi-cloud specialist based in Hong Kong. It has years of experiences on Multi-Cloud Product and Services, eCommerce, mCommerce Solution, Fintech and Cloud Security.
  • Nuclei System Technology — A notable feature of the RISC-V architecture is its open scalability to facilitate the special needs of specialized areas. It is embodied in the instruction code space and the predefined Custom command, which is convenient for specific functions such as security or intelligent acceleration under the unified development model to make the productmore competitive. Nuclei System Technology provides customers with RISC-V related training services with the most professional technology, instruction set expansion and acceleration module design services based on core RISC-V processor IP, and dedicated high performance and low power processor design services.
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Tonggao Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Enterprise Software startups

Tonggao Capital is an equity investment institution dedicated to investing in growth-stage companies.

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Investment focus

  • Industry: Sales, Hardware, Marketing
  • Stage:Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 4
  • Round size: Angel $412k–$412k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Kelai — Kelai offers a business performance management system and network traffic analysis services.
  • Formal-Tech — Formal-Tech is an embedded system software company that specializes in the development, production, and sales of high-safety industrial control software and hardware.
  • Neowise — XinjingZhiyuan is an immune cell therapy company focusing on solid tumors.
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GL Ventures LLC
VC Fund · 1 investments in China Enterprise Software startups

GL Ventures LLC is a venture capital affiliate of Hillhouse.

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Investment focus

  • Industry: Hardware, Embedded Software, Developer Platform
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Xinshijie — Xinshijie specializes in high-energy-density, high-safety lithium battery products and the development of solid-state lithium metal batteries.
  • Formal-Tech — Formal-Tech is an embedded system software company that specializes in the development, production, and sales of high-safety industrial control software and hardware.
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Sinopharm-CICC
VC Fund · 1 investments in China Enterprise Software startups

Sinopharm-CICC is a private equity fund focused on investments in the healthcare industry under CICC Capital.

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Investment focus

  • Industry: Health Care, Biotechnology, Pharmaceutical
  • Stage:Series C, Seed, Series D
  • Geography: China, United States

Investor stats

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

Portfolio highlights

  • Macrowing — Macrowing delivers data intelligent management and enterprise content management solutions to a variety of industries. Their solutions such as life sciences, energy, construction engineering, design industry, finance, real estate, government, and IT internet. Their content business such as content low code platforms, knowledge management, andsystem document management.
  • Zhenge Biotech — Zhenge Biotech is a macromolecular pharmaceutical contract development and manufacturing organisation.
  • Xingmai Technology — Xingmai Technology is a scientific and technological innovation-oriented enterprise.
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SAIF Partners
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in China Enterprise Software startups

SAIF Partners is a leading private equity firm that provides growth capital to companies in Asia.Our primary areas of focus include Information Technology, Internet, Mobile, Consumer Products and Services, Healthcare, Cleantech, Education, Modern Agriculture, Financial Services & Manufacturing.SAIF Partners was founded in 2001 andcurrently manages over $4 billion in capital. With over 100 investments since its inception, SAIF has become one of the largest and most active funds in the region. SAIF is a long-term investor with local teams in Hong Kong, China, and India.

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Investment focus

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

Investor stats

  • Total investments: 148
  • Round size: Series A $1.4M–$31M; Series B $2.7M–$39M; Series C $11M–$96M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Jeejio — Jeejio develops AI-based processors for applications on IoT-enabled devices and solutions. In addition, it develops intelligent operating systems for the chips that enable the developers to program the latter.
  • Passion Intelligence — Passion Intelligence is a provider of intelligent warehousing and logistics solutions, focusing on intelligent manufacturing, with technological innovation and service as the core, leading industrial interconnection. Passion is committed to providing customers with overall solutions for smart manufacturing. The products and services providedinclude smart warehousing equipment, smart logistics equipment, industrial software, IoT terminal equipment, and total system integration, involving 3C, automotive, military electronics, home appliances and other businesses field.
  • Reconova Technologies — Reconova is a leading artificial intelligence company in China, which focuses on providing cutting-edge visual perception total solutions. Dedicated to the research of innovative computer vision and machine learning technologies, Reconova possesses a significant amount of core technologies in those fields. The core product development team of thecompany is mainly from Huawei with outstanding end-to-end product design and delivery capabilities. In smart retail, smart home, and intelligent security markets, Reconova has all achieved scale production and application. Reconova is the strategic partner of many well-known companies including Alibaba, JD, Midea, Xiaomi, Huawei, Anta, Wanda, Focus Media, and so on.
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Infore Capital
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Enterprise Software startups

Infore Capital is an integrated asset management company.

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Investment focus

  • Industry: Artificial Intelligence, Information Technology, Apps
  • Stage:Series B, Series A
  • Geography: China

Investor stats

  • Total investments: 4
  • Round size: Series B $14M–$19M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Cowarobot — The purpose of establishing COWAROBOT is to bring people the future travel experience by using robotics, self-driving technology and other intelligent solutions. COWAROBOT commits to solving the difficulties and pain points during traveling so as to bring convenience and pleasure to all people who are on the move.
  • Narwal Robotics — Narwal Robotics focus on design, development, and production of intelligent cleaning robots.
  • Feidie XR Technology — Feidie XR Technology help users quickly create XR content and multi-person interactive Metaverse applications without coding.
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Picus Capital
VC Fund · Munich, Bayern, Germany · 1 investments in China Enterprise Software startups, 27 in the past 12 months

Picus Capital is an early-stage technology investment firm with a long-term investment philosophy. We work together with daring technology companies to build successful, global companies challenging the status quo and shaping tomorrow.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 274
  • Round size: Seed $1.2M–$9.4M; Pre-Seed $500k–$4.4M; Series A $3.5M–$33M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Vega — The comprehensive wealth creation platform for high-net-worth individuals and their advisors. Vega bridges the gap between the institutional and private wealth management worlds.
  • Komet Games — A casual gaming platform powered by intelligent AI agents. Explore puzzle, battle, and hyper casual games with friends, all under one roof.
  • Spot My Energy — Spot My Energy increases the value of smart power by increasing transparency in energy flows and handling metering, asset optimization, and trading.
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Zhongqi Touzi
VC Fund · Ürümqi, Xinjiang, China · 1 investments in China Enterprise Software startups

Zhongqi Touzi is an investment firm.

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Investment focus

  • Industry: Winery, Agriculture, Virtual Reality
  • Stage:Angel, Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • LES CHAMPS D'OR — LES CHAMPS D'OR is an organic dry red wine brand that planting, breeding and marketing organic red wine.
  • Feidie XR Technology — Feidie XR Technology help users quickly create XR content and multi-person interactive Metaverse applications without coding.
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Shaanxi Tourism Group
VC Fund · Changan, Shaanxi, China · 1 investments in China Enterprise Software startups

Shaanxi Tourism Group offers travel arrangement and reservation services in China.

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Investment focus

  • Industry: Virtual Reality, Enterprise Software
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Feidie XR Technology — Feidie XR Technology help users quickly create XR content and multi-person interactive Metaverse applications without coding.
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Addor Capital
VC Fund · Nanjing, Jiangsu, China · 1 investments in China Enterprise Software startups, 41 in the past 12 months

Addor Capital offers investment services by financing early stage ventures and holding securities of other companies.

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Investment focus

  • Industry: Manufacturing, Medical, Electronics
  • Stage:Series A, Series B
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 153
  • Round size: Series A $1.4M–$27M; Series B $2.7M–$41M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Ibeki — Ibeki provides tiny photoelectric displacement sensors and servo control systems. eBridge uses the high precision and miniaturization of its precision motion drive technology to provide customers with a more complete technology portfolio, and has successfully transformed its core technology into a number of military and civilian products,particularly in aerospace, medical equipment, and intelligent control.
  • ICE Bioscience InC. — ICE Bioscience was founded in 2010, an Innovative CRO+ Explorer company focusing in early drug discovery services from target validation to pre-clinical candidate identification, with strong capabilities and technologies in Immunology and Oncology, Cardiovascular and CNS diseases areas. ICE Bioscience provides high professional communication andflexible collaboration models, to speed up drug discovery process better and faster.ICE Bioscience has wide target-based panel screening platform ready-to-use, we keep trying to expand diverse techniques related to Biology and Pharmacology, to support various drug discovery purpose for different indications and clinical needs, we do have quite a lot of new assays development experience and passion, to accomplish target identification and assay validation, compounds screening from hit to lead, to pre-clinical drug candidate selection.
  • Fuan Electronics — Fuan Electronics is engaged in the electronics manufacturing business and is a supplier of magnetic components, power products, component sealing, and assembly technologies.
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K2VC
VC Fund · Beijing, Beijing, China · 1 investments in China Enterprise Software 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: 132
  • 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.
  • Cornerstone Robotics — Cornerstone Robotics operates to improve the accessibility of high-end medical services in China.
  • Aureka Biotechnologies — Aureka Biotechnologies is a pioneering biotech firm dedicated to democratizing the pharmaceutical sector in order to conquer sickness.
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Blue Ocean Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Enterprise Software startups

Blue Ocean Capital offer asset management, investment management and consulting service.

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Investment focus

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

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • MYOMY — MYOMY is a selling online platform for pursues and bags made from leather and another luxuries components.
  • Signet Therapeutics — Signet Therapeutics is a biopharmaceutical startup focusing on developing innovative targeted cancer drugs using novel disease models.
  • Shenzhen Upward Cross-border Technology — Shenzhen Upward Cross-border Technology help users with one-stop cross-border e-commerce customer acquisition management system.
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Taiya Dingfu
VC Fund · Xiamen, Fujian, China · 1 investments in China Enterprise Software startups

Taiya Dingfu is an investment management and asset management firm.

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Investment focus

  • Industry: Gaming, Fashion, Robotics
  • Stage:Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Luodedao — Luodedao is an internet cross-border e-commerce technology enterprise.
  • Kingsware — Kingsware specializes in developing a robotic process automation system. It is committed to building an enterprise-level safe robot management platform. Its product follows the design concept of safe, easy-to-use, powerful, stable, and efficient, and the system can be deployed and controlled in a large-scale, highly integrated enterprise complexenvironment.
  • Honor The Unknown — Honor The Unknown is an Extended Reality (XR) Technology company that develops consumer-grade AR smart glasses.
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PreAngel
VC Fund · Beijing, Beijing, China · 1 investments in China Enterprise Software startups

PreAngel is a 30M RMB investment fund focused on early stage internet startups. Investment on each project range from 100K to 1M RMB. In addition to investment, PreAngel plays a key role as "co-founder", providing guidance in startup operation, business model refinement and industry resources.

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Investment focus

  • Industry: Internet, Software, Blockchain
  • Stage:Angel, Seed, Series A
  • Geography: China, United States, Switzerland

Investor stats

  • Total investments: 104
  • Round size: Seed $124k–$2.4M; Angel $137k–$1.4M; Series A $412k–$10M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Ajuna Network — Ajuna Network is a decentralized ecosystem for gamers and creators.
  • X World Games — Founded in 2018, X World Games (“XWG”) aims to build the next-gen decentralized gaming metaverse.X World Games' vision is to build a diversified gaming ecosystem that connects traditional gamers with the blockchain world and invite more game developers into the crypto space by creating and providing the underlying blockchain framework.Withits gaming innovation, crypto game - Dream Card, NFT Marketplace and DeFi Pool, X World Games now serves over 2 million registered gamers, and has quickly become the fastest-growing crypto gaming platform in the ecosystem.X World Games is headquartered in Singapore with a 100+ dynamic team located worldwide.
  • Feiba Business Travel — Feiba Business Travel is a business trip ticket service platform
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Zhuoyuan Capital
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Enterprise Software startups, 9 in the past 12 months

Zhuoyuan Capital providing financial advisory and investment services based on corporate development and capital operations.

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Investment focus

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

Investor stats

  • Total investments: 25
  • Round size: Seed $1.4M–$14M; Series A $1.4M–$27M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Infrawaves — Infrawaves is a next Generation High-Performance Network System.
  • Pangqi Seiko — Pangqi Seiko offers digital logistics solutions, as well as full-stack software and hardware integration ranging from warehousing logistics to production line logistics and line-side logistics.
  • Xincheng Semiconductor — Xincheng Semiconductor manufactures integrated circuit packaging substrates. Semiconductor is a provider of integrated circuit packaging substrate solutions. It focuses on the research and development and mass manufacture of high-density flip-chip packaging substrates, filling a gap in domestic high-end substrates and assisting the domesticsemiconductor industry chain in becoming autonomous and controllable.
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Galaxy Capital
VC Fund · 1 investments in China Enterprise Software startups

Galaxy Capital is an investment firm.

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Investment focus

  • Industry: Big Data, Internet, Software
  • Stage:Angel
  • Geography: China

Investor stats

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

Portfolio highlights

  • Jiuzhang Data — Jiuzhang Data enables digital transformation of enterprises through Business Scenario AI. It focuses on the three vertical industries of retail, hotel and real estate, and provides industry solutions based on core business scenarios. Wanjia, Jinjiang Group, Vanke, Country Garden, Xuhui, etc. have reached cooperation and commercialized relatedproducts. The company is committed to becoming an essential means of production to enable sustainable business growth, and to comprehensively improve the productivity of the digital economy of enterprises.
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Vision Knight Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Enterprise Software startups

Vision Knight Capital Fund I,L.P. (hereinafter referred to as“VKC”) is a private equity fund focusing mainland China’s retail/consumer, internet and e-commerce sectors.At VKC, we have successfully integrated operation experts and investment experts to form a unique team. Our team consists of China’s top corporate senior managements andinvestment professionals with years of operation and investment experience. They have specialized industrial expertise and outstanding operation performance in China’s internet, e-commerce and retail sectors. In addition to the capital investment to the portfolio company, VKC’s unique operation and investment team also provide real value added services such as operation enhancement and business model transformation/upgrade, with the vision to enhance the portfolio company’s core value and in return be recognized in the capital market.

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Investment focus

  • Industry: Artificial Intelligence, Information Technology, Food and Beverage
  • Stage:Series A, Series B, Series C
  • Geography: China, Malaysia, Thailand

Investor stats

  • Total investments: 49
  • Round size: Series A $10M–$69M; Series B $10M–$80M; Series C $18M–$137M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: May invest from a new fund soon — raised $550M in 2014

Portfolio highlights

  • Snack Youming — Snack Youming focuses on the offline snack market.
  • Sparkoz Technology — An AI & Robotics company that design, manufacture and sells autonomous floor cleaning robot
  • SiEngine Technology — SiEngine technology creates vehicle electronic chips.
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Shanghai Fuli Investment Management
VC Fund · Jingan, Shanghai, China · 1 investments in China Enterprise Software startups

Shanghai Fuli Investment Management is an investment firm that provides asset management and investment management.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Fadada.com — Fadada.com is an online platform offering services of online electronic contracts signature, electronic documents signature, evidence custody and other related electronic signature SaaS services.The company is third-party electronic contract platform in China, mainly for finance, real estate, automotive, human resources services, education,insurance, third-party payment, tourism, medical, logistics, supply chain, B2B, B2C online trading platform and other industries and government agencies provide electronic contracts, electronic document signing and depositing services, while integrating value-added services such as forensic and lawyer services.
  • yingle.com — yingle.com is a vertical search and lawyer community featuring a litigation trading platform.
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OFC
VC Fund · Roswell, Georgia, United States · 1 investments in China Enterprise Software startups

OFC is a venture capital firm that offers seed- and early-stage investments.

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Investment focus

  • Industry: Information Technology, SaaS, FinTech
  • Stage:Series A, Series B
  • Geography: China, United Arab Emirates

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Ehang — Ehang is a technology enterprise focused on R&D and production in airplane and aircraft field. With the combination of software and hardware techniques, it self-developed the communication and real-time viewing hardware and a smartphone operation system. Its product, Ghost, is accepted as the first truly smartphone app operated intelligentrobot, which is widely used in geographical information surveying, professional television aerial filming, roadshow displaying, disaster rescuing and delivery, surveillance and monitoring, and even expected to play important role in the future logistics areas.Ehang was founded in 2014 by makers from China, America, and Singapore who are enthusiastic about drone flying. The enterprise’s core members graduated from Tsinghua University, Peking University, and Duke University in America.
  • Lyve Global — Get the ultimate e-commerce experience with Lyve Order. Enjoy consistent updates with new features and fixes, fully branded experiences, and fully localized solutions for global reach.
  • Anyang Phoenix Photovoltaic Technology — Anyang Phoenix Photovoltaic Technology Co., Ltd. (安阳市凤凰光伏科技有限公司) is a company focused on research and development of high-performance photovoltaic products. It specializes in R&D and production in the links including crystalline silicon ingot, square-shaping, wafer-cutting, and more. Anyang Phoenix Photovoltaic Technology Co., Ltd. OwnsAnyang Phoenix new energy Co., Ltd., Shanghai City Pvphoenix Sunny Energy Technology Co., Ltd., and Anyang Wantai Lizhong Technology Co. Ltd. They respectively work on the production of solar batteries and solar battery components, system development and project construction of photovoltaic plants, and mortar's recycling production and reuse, forming the production and service mode of the whole industry chain from silicon wafer production to power plant development and construction.
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Honze Invest
VC Fund · Beijing, Beijing, China · 1 investments in China Enterprise Software startups

Honze Invest is an investment firm.

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Investment focus

  • Industry: Software, Enterprise Software, Information Technology
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • YOZOSOFT — YOZOSOFT is an office software development company.
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Yonyou
VC Fund · Haidian, Beijing, China · 1 investments in China Enterprise Software startups

Yonyou Network Technology develops and markets enterprise-wide business applications software.

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Investment focus

  • Industry: Software, Information Technology, Financial Services
  • Stage:Series A, Angel
  • Geography: China

Investor stats

  • Total investments: 12
  • Round size: Angel $412k–$412k; Series A $1.4M–$5.5M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • SINObase — SINObase providers marketing automation and integrated marketing services.
  • Shudi Network — Shudi Network is a manufacturer of professional data integration, data operation, and data analysis services in China.
  • Yuntong Technology — Yuntong Technology is an industrial vision inspection and digital twin system service provider.
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Kunlun Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Enterprise Software startups

Kunlun Capital seeks to invest in technologically innovative companies. Kunlun Capital focuses on innovative business models driven by technology, products and data, and selects leading companies in sub-sectors.

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Investment focus

  • Industry: Air Transportation, Aerospace, Energy
  • Stage:Seed, Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 6
  • Round size: Seed $14M–$14M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • TCab Tech — TCab Tech is building a air mobility ecosystem in order to provide the general public with zero-emission airborne ridesharing.
  • Huaboron Neutron — Huaboron Neutron is a biotechnology company that develops boron drugs and boron neutron capture therapy devices for the diagnosis of malignant cancers.
  • Timely technology — Shide Technology is a spacecraft manufacturer dedicated to the research and development of manned electric aircraft.
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Dynamic Balance Capital
VC Fund · Nanjing, Jiangsu, China · 1 investments in China Enterprise Software startups

Dynamic Balance Investment is a core subsidiary of Jiangning Technology Venture Capital , it focuses on investments in the biomedical, TMT, clean energy and new material industries.

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Investment focus

  • Industry: Health Care, Manufacturing, Biotechnology
  • Stage:Series A, Angel, Seed
  • Geography: China

Investor stats

  • Total investments: 33
  • Lead/follow: no public data

Portfolio highlights

  • Sunpower Group — Sunpower Group is an enterprise driven by green investment, based and supported by manufacturing and engineering services, and driven by R&D and innovation. Sunpower Group is headquartered in Nanjing, Jiangning.
  • Zhuoyi Zhineng — Zhuoyi Zhineng is a UAV system developer company.
  • Changxiang Medical — Changxiang Medical is a brain disease and brain science product solution provider.
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X Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Enterprise Software startups

Founded in October 2015 by Mr. Yang Xi, a partner of Silicon Valley's famous fund, Defengjie China, the company is committed to becoming the top brand of China's high-tech venture capital. The core team comes from first-line investment and industrial institutions such as Defengjie, ARM and Chinese Academy of Sciences. With an average ofmore than 10 years of high-tech investment and industry experience. Yanyang Capital adheres to the values ​​of “scientific and technological development, rich and ethical” and adheres to the investment philosophy of “active”, “positive”, “growth” and “value”, focusing on technology-driven in the fields of Internet of Things, artificial intelligence and intelligent manufacturing. Investment in a start-up enterprise with a single project scale of RMB 10-40 million. So far, it has successfully invested in Hengshi Technology (Smart Grid, 300513), and Eagle Electric (Intelligent Manufacturing, Changyuan Group 600525 M&A), Shanghai Dajun (Electric Vehicle, Zhenghai Magnetic Materials 300224 M&A, Shanghai Junyi, Yinghantong, Zhongrun Optics and Weiner Star, etc., have built a systematic industrial ecological layout in the field of Internet of Things and artificial intelligence.

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Investment focus

  • Industry: Software, Manufacturing, Hardware
  • Stage:Series A, Series B
  • Geography: China, Japan, United States

Investor stats

  • Total investments: 16
  • Round size: Series A $1.4M–$14M; Series B $2.7M–$2.7M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • HitoBito — HitoBito is a LINE advertising and account management agency.
  • Bee Photon — Bee Photon is a medical device company that manufactures and develops spiral CT probe devices. The company is based in Changzhou, China.
  • Sanshiyuan Technology — Sanshiyuan Technology is engaged in the R&D, production, and sale of passive optical fiber devices.Its main products include: optical fiber circulators, high-end passive integrated devices, high-reliability, cost-effective wavelength division multiplexers, and high-reliability cost-effective optical fiber isolator, MEMS optical switch,product features are miniaturization and integration.
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Enterprise Software Investor funding in China at a glance

Stats across 169 deals from 277 investors.

277
investors
in China Enterprise Software startups
169
deals
in China Enterprise Software startups
$14M
median round
in China Enterprise Software startups
36%
lead investors
lead at least one round
31%
Series A
most common funding stage
99/1
VC / Angel
share of investor count

Access all 277 investors in China Enterprise Software startups.

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