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Top 50 Music VC Funds & Investors in China (May 2026)

The most active venture capital funds investing in China Music startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Music startup companies. Find investors to raise a Series A, Series B or Angel round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Tengxun Touzi
VC Fund
3 China Series A, Angel Information Technology, Software, Education $412k–$11M
Bilibili
VC Fund
3 China, Hong Kong, Japan Series A, Series B Media and Entertainment, Animation, Gaming $1.4M–$41M
Taiyou Fund
VC Fund
3 China, United States Angel, Seed, Series A Information Technology, Electronics, Manufacturing $137k–$2.7M
Meridian Capital
VC Fund
3 China, Latvia, Seychelles Series A, Angel, Series B Internet, Software, Information Technology $412k–$55M
Gaorong Capital
VC Fund
3 China, United States, Hong Kong Series A, Series B, Series C Software, E-Commerce, Information Technology $2.7M–$500M
China Creation Ventures (CCV)
VC Fund
3 China, Taiwan, Nigeria Series A, Series B, Series C Artificial Intelligence, Financial Services, Software $2.9M–$100M
PreAngel
VC Fund
3 China, United States, Switzerland Angel, Seed, Series A Internet, Software, Blockchain $124k–$10M
ZhenFund
VC Fund
3 China, United States, Singapore Series A, Seed, Series B Artificial Intelligence, Software, E-Commerce $820k–$50M
Zhongmi Capital
VC Fund
2 China Seed
Oriental Fortune Capital
VC Fund
2 China, United States Series A, Series B, Seed Software, Information Technology, E-Commerce $412k–$100M
Shunwei Capital
VC Fund
2 China, India, United States Series A, Series B, Series C Internet, E-Commerce, Software $1.4M–$99M
Zuoyu Capital
VC Fund
2 China Series A, Seed, Angel Autonomous Vehicles, Media and Entertainment, Automotive
Gopher Asset Management
VC Fund
2 China, United States, Portugal Series C, Series A, Series B Financial Services, Service Industry, Internet $1.4M–$275M
Legend Capital
VC Fund
2 China, United States, South Korea Series B, Series A, Series C Health Care, Biotechnology, Medical $2.7M–$200M
China Culture Industrial Investment Fund
VC Fund
2 China Series B, Angel, Series A Media and Entertainment, TV Production, Film Production $412k–$27M
Sky Saga Capital
VC Fund
2 China, United States Angel, Series A, Seed Internet, E-Commerce, Consumer Goods $247k–$10M
Eagles Fund
VC Fund
2 China, United States Angel, Series A, Seed Information Technology, Media and Entertainment, Internet $82k–$4.1M
Welight Capital
VC Fund
2 China, Hong Kong, United States Series A, Series B, Angel E-Commerce, Education, Information Technology $412k–$50M
We Capital
VC Fund
2 China Angel, Series A, Series B Media and Entertainment, Music, Health Care $99k–$50M
IDG Capital
VC Fund
2 China, United States, India Series A, Series B, Series C Software, Internet, E-Commerce $2.9M–$190M
Qingsong Fund
VC Fund
2 China, United States, Canada Series A, Angel, Series B Internet, Education, Health Care $137k–$226M
GP Capital
VC Fund
2 China, United States, Canada Series B, Series A, Series C Manufacturing, Health Care, Software $1.4M–$300M
Xiaomi
VC Fund
2 China, India, United Kingdom Series A, Series B, Series C Manufacturing, Software, Hardware $1.4M–$400M
ByteDance
VC Fund
2 China, United States, India Series A, Series B Artificial Intelligence, Software, Robotics $1.6M–$55M
Beijing Weiying Technology
VC Fund
2 China Series A Music, Media and Entertainment, TV Production $2.7M–$6.9M
Headline Asia (formerly Infinity Ventures)
VC Fund
2 Japan, China, United States Series A, Seed E-Commerce, Software, Financial Services $758k–$42M
Huidaya Investment Management
VC Fund
1 China Series A Music, Advertising, TV Production
Jingbei Investment
VC Fund
1 China Seed, Angel Audio, Music, Internet
DT Capital Partners
VC Fund
1 China, United States, South Korea Series A, Series B, Series C Health Care, Medical, Software $1.4M–$90M
Weibo
VC Fund
1 China Series A, Series B, Series C Video, Internet, Social Media $1.2M–$100M
ZSVC
VC Fund
1 China, United States Series A, Series B, Angel Health Care, Manufacturing, Medical $385k–$82M
One Capital
VC Fund
1 China, Japan, Nigeria Series A, Seed, Angel Information Technology, Manufacturing, Virtual Reality $292k–$47M
ALLIANCE
VC Fund
1 China, United States Seed, Angel, Series B Internet, Music, Software
The Arena Capital
VC Fund
1 China Series A, Angel, Seed Sports, Food and Beverage, Tea $412k–$5M
Bridge Capital China
VC Fund
1 China Series A, Angel, Post-IPO Equity Manufacturing, Electronics, Industrial $7k–$20M
Gene Capital
VC Fund
1 China, France Series A, Series B, Seed Education, Internet, E-Learning $1.4M–$30M
Ventech China
VC Fund
1 China, Japan, Austria Series A, Series B, Seed E-Commerce, Retail, Big Data $2M–$50M
Zhejiang Paradise
VC Fund
1 China, Hong Kong Post-IPO Equity, Angel Manufacturing, Software, Information Technology $412k–$4.5M
Panda Capital
VC Fund
1 China, United States, Malta Seed, Series A, Angel Blockchain, Artificial Intelligence, Robotics $140k–$16M
Zhulu Capital
VC Fund
1 China Angel, Seed, Series A Robotics, Artificial Intelligence, Information Technology $412k–$12M
Shanda Capital
VC Fund
1 China, United States, Hong Kong Angel, Series A, Seed Mobile, Software, Medical $275k–$13M
Forebright Capital
VC Fund
1 China, United States Series A, Series B Manufacturing, Artificial Intelligence, Biotechnology $30M–$100M
Zhuji Hongyi Cultural Industry Investment
VC Fund
1 China Series A Music, Advertising, TV Production
PH Investment
VC Fund
1 China Series A Music, Advertising, TV Production
Trends.com.cn
VC Fund
1 China Series A News, Audio, Music
Tsinghua Capital
VC Fund
1 China Angel, Series A, Seed Information Technology, Artificial Intelligence, Software $137k–$14M
Zhongke Angel Investment Fund
VC Fund
1 China Angel Audio, Music, Artificial Intelligence
Zhenshun Jijin
VC Fund
1 China Angel, Series A, Seed Health Care, Internet, E-Commerce
Jason Investment
VC Fund
1 China Angel Media and Entertainment, Music, Concerts
Industrial Securities Capital
VC Fund
1 China, Canada, United States Series A, Angel Manufacturing, Health Care, Medical $412k–$8.2M
Access all 177 VC funds in China Music startups.

Access 48,091 investors

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

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Investor list

Tengxun Touzi
VC Fund · Shenzhen, Guangdong, China · 3 investments in China Music startups

Tengxun Touzi is a investment firm.

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Investment focus

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

Investor stats

  • Total investments: 103
  • Round size: Angel $412k–$2.7M; Series A $1.4M–$11M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • S-Game — S-Game is a game content production company.
  • Xiaoduo — Founded in 2014, Xiaoduo Technology is mainly engaged in artificial intelligence voice customer service. Its business scope covers e-commerce, government affairs, finance and other fields. China Telecom, Meituan, Haidilao and other enterprises are its customers.
  • WT Microtech Medical — WT Microtech Medical mainly engaged in the R&D, production, sales and maintenance of the third category of medical devices.
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Bilibili
VC Fund · Shanghai, Shanghai, China · 3 investments in China Music startups

Bilibili provides high-quality content and an immersive entertainment experience, and have built their platform based on the strong emotional connections of their users to their content and communities. They started as a content community inspired by ACG, and have evolved into a full-spectrum online entertainment world covering a wide array ofgenres and media formats, including videos, live broadcasting, and mobile games. They have a young and culturally aspirational user base willing to invest in a high-quality entertainment experience.Bilibili uses an Adobe Flash or HTML5 player, which can be manually switched, to play user-submitted videos hosted by either itself or third-party sources, while featuring a real-time overlaying subtitle system for interactive playback experience.

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Investment focus

  • Industry: Media and Entertainment, Animation, Gaming
  • Stage:Series A, Series B
  • Geography: China, Hong Kong, Japan

Investor stats

  • Total investments: 45
  • Round size: Series A $1.4M–$31M; Series B $2.7M–$41M
  • Lead/follow: 49% lead, 51% follow

Portfolio highlights

  • Card Club — Card Club is focused on animation derivative cards and IPs including Douluo Dalu, Fight Break the Sky, Ghost Slayer, Disney, Pixar, etc.
  • VOICE BEAR — VOICE BEAR is a comprehensive film and television entertainment service provider company.
  • Zhejiang China Entertainment — Zhejiang China Entertainment is a company that provides game creation and operation services.
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Taiyou Fund
VC Fund · Beijing, Beijing, China · 3 investments in China Music startups

The fund owns a series of funds in Thailand and establishes parallel funds overseas. Based on domestic and foreign famous universities, research institutes, entrepreneurial parks, incubators and other entrepreneurial projects, it seeks high-tech entrepreneurial projects with investment potential and entrepreneurship. They will grow together andstrive to become a first-class angel investment fund that is specialized, standardized, and international.

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Investment focus

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

Investor stats

  • Total investments: 48
  • Round size: Seed $137k–$2.7M; Angel $412k–$1.4M; Series A $1.4M–$2.7M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • SMIC — SMIC Thermal Technology is a service provider of infrared quantum material device preparation and packaging technology,
  • Maile Life — Mai Le Life is a catering open platform, it is a high-tech enterprise that operates and manages catering enterprises through private domain.
  • HurRain NanoTech — HurRain NanoTech is a new functional nanomaterials service provider for atmospheric water generation solutions. It developed a platform for material screening and amplification with functional composite moisture-absorbing interfacial thermal materials as the primary R&D direction, created a product line of atmospheric water generator devicesand interfacial thermal materials, and provided customers with standardized products and solutions.
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Meridian Capital
VC Fund · Shanghai, Shanghai, China · 3 investments in China Music 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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Gaorong Capital
VC Fund · Wangjing, Beijing, China · 3 investments in China Music startups, 14 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 201
  • Round size: Series A $2.7M–$69M; Series B $14M–$100M; Series C $28M–$500M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — raised $1.2B in 2020

Portfolio highlights

  • MKSEMI — MKSEMI is a low-power ultra-wideband (UWB) company, provides a complete high precision location solution for device OEMs and ODMs.
  • Cholesgen — Cholesgen is a biopharmaceutical company dedicated to developing original innovative drugs. The company focuses on new disease targets based on biochemistry, disease biology, medicinal chemistry, and clinical translational medicine.
  • Lattice Microelectronics — Lattice Microelectronics promote the design and development, module manufacturing and vehicle application of power semiconductors.
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China Creation Ventures (CCV)
VC Fund · Beijing, Beijing, China · 3 investments in China Music startups

China Creation Ventures (CCV) was founded by the former KPCB China Managing Partner, Wei Zhou, and his TMT investment team of many years in KPCB China. With the majority of members from KPCB China, CCV has developed deep domain expertise and insight in the TMT industry. The companies they invested at early stage include JD.com (NASDAQ:JD),CreditEase (NYSE:YRD), Rong360 (NYSE:JT), ID5.com, Himalaya FM, Tan Tan Mobile Social (acquired by Momo, NASDAQ: MOMO), VenusTech (SZ:002439), Manzuo.com (acquired by SuNing), Miaopai Mobile Video (Yixia.com), ULUCU (NEEQ:837110), Miaozhen Systems, Asia Innovation Group, Meican.com, Scinor Water (acquired by TRCE:300332), KJY Water (NEEQ:835159), Arrail Dental, etc. Many of the CCV’s portfolio have seen significant business growth and closed a new round of financing, including JD Digit, Wanka Online (HKSE:1762), Perfect Corp, Perfect, Ice Kredit, Zuzuche, Veer VR, Menya, Bizvane, Joyrun, Cowa Robot, Lomotif, Dingdong Class, Shukun Technology, Yunhu Health, etc.

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Investment focus

  • Industry: Artificial Intelligence, Financial Services, Software
  • Stage:Series A, Series B, Series C
  • Geography: China, Taiwan, Nigeria

Investor stats

  • Total investments: 65
  • Round size: Series A $2.9M–$100M; Series B $10M–$30M; Series C $100M–$100M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — raised $316M in 2018

Portfolio highlights

  • Aventurier — Aventurier offers cleaning robots that relieve workers of repetitive cleaning jobs while drastically increasing the efficiency and intelligence of cleaning operations.
  • CMind-SEMI — CMind is committed to becoming the new global leader in smartphone communication chips by concentrating on 4G and 5G advanced wireless communication chips and complete solutions.
  • U Power — U Power is an intelligent electric vehicle company that builds cars for scenarios. It aims to enable scenario owners to define cars through standardized UP super chassis and to achieve Car as a Service. The company is headquartered in Xuhui District, Shanghai, China.
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PreAngel
VC Fund · Beijing, Beijing, China · 3 investments in China Music 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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ZhenFund
VC Fund · Beijing, Beijing, China · 3 investments in China Music 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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Zhongmi Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in China Music startups

Zhongmi Capital is a venture capital firm, focuses on investments in the fields of big data, pan-entertainment, digital marketing, and sports.

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Investment focus

  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 9
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Oat Planet — Oat Planet is a healthy plant-based beverages company.
  • Shenzhen Jijia — Shenzhen Jijia is a professional SaaS service provider focusing on Amazon cross-border e-commerce.
  • Quantitative Advertising — Quantitative Advertising is an advertising delivery tool.
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Oriental Fortune Capital
VC Fund · Shenzhen, Guangdong, China · 2 investments in China Music startups, 18 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 166
  • Round size: Seed $412k–$41M; Series A $1.4M–$27M; Series B $2.7M–$100M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Microtreat — Microtreat specializes in the research, development, manufacturing, and sale of different high-end industrial application ultra-precision laser equipment, particularly equipment based on infrared, ultraviolet, green light, and ultra-short pulse technology, which is mostly utilized in the field of thin-film solar energy.
  • Gene Cradle — Gene Cradle is a genetic company that develops gene therapy drugs to treat rare genetic diseases as well as chronic diseases.
  • Pinfeng Medical — Pinfeng Medical is a platform firm that integrates independent research and development, manufacturing, marketing, and service to provide high-quality intelligent testing and precise diagnostic solutions to the local and international in vitro diagnostic industries.
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Access 48,091 investors

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

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Shunwei Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Music 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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Zuoyu Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Music startups

Zuoyu Capital is a financial advisory firm based in Beijing.

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Investment focus

  • Industry: Autonomous Vehicles, Media and Entertainment, Automotive
  • Stage:Series A, Seed, Angel
  • Geography: China

Investor stats

  • Total investments: 10
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • FELO — FELO is an electric vehicle company that specializes in the field of autonomous balancing and hybrid power for two-wheeled motorcycles. The company was founded in 2019 by Jingyi Zhang.
  • Zongmu — ZongMu Technology was founded in January 2013. Headquartered in Pudong ZhangJiang high-tech park of Shanghai, ZongMu has RD centers in Beijing and ShenZhen respectively. Through its innovative solution and excellent service to the local market, ZongMu has shipped multiple SurroundView ADAS (Advanced Driving Assistance System) in main stream OEMautomotive markets, becoming the leading SurroundView ADAS solution vendor for China domestic market and formed strategic partnership with multiple OEM car makers and their tier1 suppliers.
  • Jiyu Technology (JIYU-Chassis-DriveByWire) — Shanghai Jiyu Technology Co., ltd. main sales line chassis, control of unmanned at low speed, no delivery vehicles, and other products, providing customers with general unmanned drive-by-wire chassis solutions, research and development of advanced Technol
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Gopher Asset Management
VC Fund · Shanghai, Shanghai, China · 2 investments in China Music startups

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

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Investment focus

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

Investor stats

  • Total investments: 47
  • Round size: Series A $1.4M–$275M; Series B $14M–$34M; Series C $50M–$206M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • WeeCare — Every day, we match thousands of families with daycares, nannies, babysitters, preschools, and caregivers that provide safe, affordable, high-quality child care.
  • Allocate — Allocate is platform that enables investors to discover and invest in high-quality venture funds.
  • Bangyao Biological — Bangyao Biological is a gene pharmaceutical company focusing on biological research activities and pharmaceutical development.
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Legend Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Music startups, 33 in the past 12 months

Legend Capital, a subsidiary of Legend Holdings Ltd., started its vintage year in April, 2001 with a mission to become a top-notch and the most respected venture capital investment manager in China.Managing up to US$700 million across four funds, Legend Capital focuses on driving high-growth ventures with operations substantially based in Chinaor on markets related to China.Legend Capital mainly invests in early stage IT companies, specifically, in sectors of network applications and services, outsourcing and professional services, Infrastructure (IC design/key components), and mid-market growth stage companies in the fields of consumer goods, clean technology, health care, equipment manufacturing and modern services.Among over 60 portfolio companies are Joyo.com (acquired by Amazon.com), SinoCom (0299.HK), Solarfun Power (Nasdaq: SOLF), Spreadtrum Communications (Nasdaq: SPRD), China Sunshine Paper (2002.HK), and VanceInfo (NYSE:VIT), Eyang (0117.HK), etc.As an active investor, Legend Capital provides its portfolio companies extensive business resources and tailored services to assist with business development, company image building, and other critical company building activities on Chinese market so as to add value and maximize returns. Legend Capital is proud and thankful that it has the opportunity to blaze a trail with its innovative practice for China's venture capital industry.

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Investment focus

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

Investor stats

  • Total investments: 277
  • Round size: Series A $2.7M–$50M; Series B $11M–$110M; Series C $15M–$200M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • HC Scientific — HC Scientific is a high-tech enterprise integrating research, development, production and sales of a new biomedical system
  • Saige Research — Saige Research specializes in artificial intelligence solutions for industrial inspection and quality control. The company provides a deep learning vision inspection platform optimized for the manufacturing industry to solve inspectors' difficulties and increase work efficiency; its technology provides power detection, speed detection, wideversatility, and development convenience.
  • Ligatech Bioscience — Ligatech Bioscience is an intrusive consumables developer specializing in the development and manufacture of medical devices for the field of sports medicine, as well as the development and production of biomedical materials and products. A production line for artificial ligaments and artificial ligament fixation systems has been established. Andprovide users with relevant technical advice and technical services.
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China Culture Industrial Investment Fund
VC Fund · Beijing, Beijing, China · 2 investments in China Music startups

China Culture Industrial Investment Fund is a principal investment firm based in Beijing, China.As the only state-level cultural industry investment fund, the establishment of China's cultural industry investment fund is an important measure for the Party Central Committee and the State Council to promote the leap-forward development of thecultural industry, in line with the realization of the phased requirements and ultimate goals of the development of socialism with Chinese characteristics. The establishment of a Chinese cultural industry investment fund is an indispensable requirement for implementing the plans of the Party Central Committee and the State Council to speed up the development of the cultural industry; it is an active exploration of adaptation to the laws of the socialist market economy and the development of the cultural industry and a practical change in the way of financial investment; it is a demonstration of the use of financial funds. With leverage, social capital will be driven into the field of cultural industries, and an important means of building a sound investment and financing mechanism for the cultural industry will be promoted.China Culture Industry Investment Fund Management is the administrator of the China Culture Industry Investment Fund and is responsible for fund operations management and investment decisions. The company is jointly established by BOC International Holdings Limited, China International Television Corporation and Shenzhen International Cultural Industry Expo Co., Ltd. It will provide marketization and specialization for the Chinese cultural industry investment fund based on the principles of standardized management and sound operation. Investment management services.

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Investment focus

  • Industry: Media and Entertainment, TV Production, Film Production
  • Stage:Series B, Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 19
  • Round size: Angel $412k–$8.2M; Series A $1.4M–$14M; Series B $2.7M–$27M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Bobocorn — Bobocorn focuses on digital scene marketing for cinema food.
  • FANTAWILD — FANTAWILD is a one-stop theme park solution provider.
  • China Mobile — China Mobile is an investment holdings company that provides mobile telecommunications and related services in Mainland China and Hong Kong.
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Sky Saga Capital
VC Fund · Beijing Shi, Beijing, China · 2 investments in China Music startups

Sky Saga Capital is a professional venture capital firm focused on Technology, Media, & Telecom, consumer goods, and innovative industries.

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Investment focus

  • Industry: Internet, E-Commerce, Consumer Goods
  • Stage:Angel, Series A, Seed
  • Geography: China, United States

Investor stats

  • Total investments: 28
  • Round size: Seed $247k–$3M; Angel $412k–$10M; Series A $1.4M–$5.5M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Propel(X) — Propel(x) is where investors discover, evaluate and invest in technology startups and venture capital funds.
  • Lanlonglong — Lazy Dragon is a service provider in the egg industry. The company uses the F2B2C model to shorten the circulation cycle of eggs and integrate the egg supply chain. The company was founded in 2017 and is based in Shanghai, China.
  • Tuotuo Digital — Tuotuo Digital is a user-oriented, technology-first digital technology company.
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Eagles Fund
VC Fund · Beijing, Beijing, China · 2 investments in China Music startups

Eagles Fund is a diversified angel fund and family fund.

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Investment focus

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

Investor stats

  • Total investments: 76
  • Round size: Seed $82k–$2.7M; Angel $412k–$1.4M; Series A $412k–$4.1M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Cai Xiaomi — Cai Xiaobi provides Saas service for supply chain service in agri foods.
  • Star Speed Store — Star Speed Store is a delivery robot provider. Star Speed Store provides hotels with delivery robots for delivering food, packages, and room service within eight minutes – a typical last-mile journey on the premises.
  • Tianbing Technology — Tianbing Technology is an advanced aerospace propulsion system supplier and aerospace vehicle provider. Tianbing Technology independently develops the next-generation ambient temperature green HCP liquid propellant and minimalist aerospace propulsion system. As an upgraded product of traditional chemical propulsion system, it can meetcost-effective aerospace. Advance system supporting needs. The next-generation green HCP aerospace propulsion system, first tested by Tianbing Technology, can be used in the small-vehicle main power and launch vehicle upper-level propulsion system.
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Welight Capital
VC Fund · Shenzhen, Guangdong, China · 2 investments in China Music startups

Welight Capital is an investment firm that invests in enterprise services, B2B, e-commerce, finance, education, new retail companies.

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Investment focus

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

Investor stats

  • Total investments: 51
  • Round size: Angel $412k–$8.2M; Series A $1.5M–$30M; Series B $10M–$50M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Space Kill — Space Kill is a web3-based multiplayer play2earn party game with Game-Fi and Social-Fi elements built in.
  • Laifei Smart — Laifei Smart offers AI intelligent lawn mowing robots for global lawn care, and provides customers in this field with more standardized, precise and efficient intelligent solutions.
  • Volant Aerotech — Volant Aerotech is a company specializing in the R&D, manufacturing, and service of passenger eVTOL, an electric vertical take-off and landing aircraft.
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We Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Music startups

Extensive selection of high-quality domain names. Knowledgeable, friendly customer support.

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Investment focus

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

Investor stats

  • Total investments: 25
  • Round size: Angel $99k–$2.7M; Series A $1.4M–$15M; Series B $2.7M–$50M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • NewMe — Online Shopping at Newme for the best electronic gadgets, sporting goods and home products and at unbeatable great prices.
  • Yiduo — Yiduo specializes in the field of health and fast-selling products on the e-commerce platform.
  • Oatoat — Oatoat is a developer and producer of plant based drinks.
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IDG Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Music 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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Qingsong Fund
VC Fund · Shenzhen, Guangdong, China · 2 investments in China Music startups, 10 in the past 12 months

Founded in June 2012 by Liu Xiaosong, Dong Zhanbin, and Su Wei, three Internet and investment circle veterans, Qingsong Fund is an early venture capital firm specializing in investment in education, social networking, consumerism, innovation, technology and applications. It manages four RMB funds with a total value of about RMB 2 billion. So far,it has invested in more than 140 companies, including 1 to 1 head, 1 DaDa English, squirrel AI, onion mathematics, wedding calendar, werewolf killing, flystep technology, HomeFacial. Pro and other star projects - 50% exit project returns more than 60 times, multiple project valuation multiples increased nearly 200 times, and educational projects have an average annual value increase of 500%. Among them, the Qingsong Smart Fund, which was newly established in 2018, focuses on the underlying technologies of the underlying AI and Smart Connect, as well as investment in such areas as smart healthcare, enterprise services and intelligent transportation applications. Liu Xiaosong, founding partner of Qingsong Fund, is a Ph.D. student at Tsinghua University. He invested in Tencent in 1999 and has a return on investment of tens of thousands of times. In 2000, he founded A8 New Media Group, which was successfully listed on the main board in Hong Kong in 2008. In 2015, he hatched in November 2018. Listed in Hong Kong stocks in the year. As a leading early investment institution in China, Qingsong Fund and its founding partners have repeatedly won Top 10 of Zero2IPO China's early investment institutions/investors, Top10 of China's education sector, Top100 of Chinese investors, and China's best early venture capital investment. Institution/Investor Top10; 36氪 China's new entertainment sector investment institutions Top10, online education sector investment institutions/investors Top10 and other mainstream awards.

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Investment focus

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

Investor stats

  • Total investments: 112
  • Round size: Angel $137k–$1.6M; Series A $1.4M–$17M; Series B $2.7M–$226M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Bio-Engine — Bio-Engine is a developer of high-density serum-free suspension culture technology for animal cells. Its main products include HEK293 cell serum-free medium, PK15 cell serum-free medium, etc., which can be applied to antibodies, recombinant proteins, human and livestock. Virus vaccine, cell therapy and other fields.
  • B&C Chemical — B&C Chemical focuses on the research, development, and production of mid-to-high-end photoresists and related raw materials. B&C is dedicated to advancing the domestication process of essential semiconductor materials. The company has currently achieved the layout of the entire industrial chain of "monomer-resin,photoacid-photoresist", including ArF/KrF photoresist monomer, ArF/KrF photoresist, G line/I line photoresist, electron beam photoresist, and other products, which are widely used in the production of integrated circuits, back-end packaging, compound semiconductors, discrete devices, electron beam, and other market applications.
  • Suzhou Meichuang — Meichuang Medical is an innovative medical device company that focuses on the R&D, manufacturing and commercialization of high-end medical devices in the fields of peripheral vascular intervention, tumor intervention, and hemodialysis access maintenance
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GP Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in China Music startups

GP Capital Co., Ltd. (hereafter referred to as “GP Capital”), established by SIG in July 2009, is an institution strategically held by SIG, relatively controlled by SIG Asset Management Co., Ltd.

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Investment focus

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

Investor stats

  • Total investments: 60
  • Round size: Series A $1.4M–$14M; Series B $2.7M–$96M; Series C $29M–$300M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • TangFeng Energy — TangFeng Energy specializes in the research and development of fuel cell membrane electrodes that are characterized by low cost, high performance, and high durability.
  • Xingan Technology — Xingan Technology is a developer of SiC power semiconductor products.
  • Suzhou Xunxin Microelectronics — Xunxin Microelectronics integrates the design, R&D and sales of integrated circuits and software and hardware systems.
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Xiaomi
VC Fund · Beijing, Beijing, China · 2 investments in China Music startups, 12 in the past 12 months

Play to win vouchers and get up to 50% discounts!

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Investment focus

  • Industry: Manufacturing, Software, Hardware
  • Stage:Series A, Series B, Series C
  • Geography: China, India, United Kingdom

Investor stats

  • Total investments: 155
  • Round size: Series A $1.4M–$31M; Series B $2.7M–$55M; Series C $14M–$400M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Robosense — RoboSense (Suteng Innovation Technology Co., Ltd.) is the world leading environment perception solutions provider of autonomous driving LiDAR. The company is striving to deliver the world with cutting-edge robotic perception solutions which can perfectly integrate premium LiDAR hardware, 3D data processing algorithms, and deep learning technology.Through constant technology innovation, the company has made possible for robots to “see” the world with excellent environment perception capability.Registered in 2014, RoboSense is founded by a group of PhDs from Harbin Institute of Technology who have been working on LiDAR technology for more than 7 years. Over the past 4 years of commercialization, RoboSense, centered around LiDAR environment Perception technology has set up a complete operation system integrating R&D, Production, and Marketing.Besides an R&D center with Operation team headquartered in Nanshan District, Shenzhen, China, the company has an R&D center in Beijing and Silicon Valley. Until April 2017, the employee base of the company has exceeded 200 people(production employee excluded) with more than 60% are Postgraduates and PhDs. For a long time, the company has maintained cooperation with world-class educational and research institutes including MIT, HKUST, Tsinghua, and HIT on talent sourcing and academic exchanges.
  • GrandeurRF — GrandeurRF is a new technology company that combines RF device design, R&D, manufacturing, and sales. It supplies microelectronic devices.
  • Yuantong Technology — Yuantong Technology is a company that specializes in superior photoelectric sensors and intelligent optical perception systems. It provides superior optical perception solutions for businesses such as smartphones, medical devices, machine vision, and self-driving cars.
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ByteDance
VC Fund · Shanghai, Shanghai, China · 2 investments in China Music startups

Founded in 2012, ByteDance's mission is to inspire creativity and enrich life. With a suite of more than a dozen products, including TikTok, Helo, and Resso, as well as platforms specific to the China market, including Toutiao, Douyin, and Xigua, ByteDance has made it easier and more fun for people to connect with, consume, and create content.ByteDance's investors include Coatue, General Atlantic, KKR, Sequoia Capital, SIG, and Softbank.

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Investment focus

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

Investor stats

  • Total investments: 59
  • Round size: Series A $1.6M–$41M; Series B $2.7M–$55M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • DH-Robotics — DH-Robotics is a robot and machine developer company.
  • Hi after school — Hi after school is an interactive entertainment and performance company.
  • Hongyu Zhishang — Hongyu Zhishang is an IT enterprise that focuses on the development of network and information security software , information technology consulting services, artificial intelligence application software development, data processing and storage support services.
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Beijing Weiying Technology
VC Fund · Beijing, Beijing, China · 2 investments in China Music startups

Beijing Weiying Technology develops and provides an online movie ticket booking platform, WePiao, integrated in WeChat. It cooperates with over 2000 movie theaters in China, including Wanda's cinema chains. Beijing Weiying Technology plans to expand its services to other entertainment sectors that include online ticket booking forperformances and sports events. David Lim founded the company in 2014, with its headquarters in Beijing in China.

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Investment focus

  • Industry: Music, Media and Entertainment, TV Production
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 2
  • Round size: Series A $2.7M–$6.9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Like Media — Like Media is an entertainment company that specializes in film distribution, and film and television production.
  • 13 Month Culture Communication — 13 Month Culture Communication engages in music production and music-related services.
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Headline Asia (formerly Infinity Ventures)
VC Fund · Tokyo, Tokyo, Japan · 2 investments in China Music startups

Headline is a Venture Capital firm actively on the ground in 7 cities around the world. We invest across categories and geographies, leading rounds at every stage. Once we commit to a team, we go to the ends of the earth to make their success global.

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Investment focus

  • Industry: E-Commerce, Software, Financial Services
  • Stage:Series A, Seed
  • Geography: Japan, China, United States

Investor stats

  • Total investments: 101
  • Round size: Seed $758k–$8.2M; Series A $1.8M–$42M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Jenfi — Drive growth with Jenfi's revenue-based financing. Tailored funding for marketing & expansion. Flexible repayments. Apply now.
  • MFast — MFast operates as a fintech platform. MFAST is a brand under Digital Payment Solution Joint Stock Company - DigiPay JSC.
  • Jumppoint — Founded in Hong Kong since 2020, Jumppoint developed in house its own multi-layer dynamic routing algorithm, jumppoint.ai, to offer highly efficient yet cost-saving logisitics services to B2B and B2C users, with real-time logisitcs data embeded. Beyond Hong Kong headquarters and R&D centre, Jumppoint also has extensive presence in Asia suchas Kuala Lumpur, Taipei and Southeast Asia headquarters, Singapore, providing localised logsitics services.
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Huidaya Investment Management
VC Fund · Wuhan, Hubei, China · 1 investments in China Music startups

Huidaya Investment Management is engaged in non-securities equity investment activities and related consulting services.

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Investment focus

  • Industry: Music, Advertising, TV Production
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Rosat — Rosat offers film and television investment production, artist brokerage and entertainment marketing services.
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Jingbei Investment
VC Fund · Beijing, Beijing, China · 1 investments in China Music startups

jingbei Investment is an investment Firm.

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Investment focus

  • Industry: Audio, Music, Internet
  • Stage:Seed, Angel
  • Geography: China

Investor stats

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

Portfolio highlights

  • Caryu — Caryu is an intelligent service platform for the automotive industry through mobile Internet and cloud technology.
  • Aegis — Aegis is a VR interactive movie content developer in China.
  • AI Conservatory — The AI ​​Conservatory of Music is affiliated to Beijing Yinyue Poet Technology Co., Ltd., and is born to a group of people who love music and dream of music! Innovative applications dedicated to intelligent interactive, digital online music teaching.
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DT Capital Partners
VC Fund · Shanghai, Shanghai, China · 1 investments in China Music startups

DT Capital Partners is a private equity investment firm that provides growth capital to early and expansion stage companies. They invest in dynamic businesses that have high growth potential, strong management teams, and demonstrated revenue models in both technology-based and traditional industries. DT Capital Partners currently manages overUSD$500 Million in capital across multiple US dollar and RMB funds, and also has a close affiliation with Madrone Capital in the US, the investment entity for members of the Walton family.In addition to funds, the invested company also benefits from their extensive experience in operating capital markets across the country, close relationships with local governments and companies, and synergies with other investment companies.DT Capital Partners was awarded the “Top 10 China's Best Return Venture Capital Institution” in 2016, and the founding partners of Detong Capital, Shao Jun and Tian Lixin. DT Capital Partner was founded in 2006 and is based in Shanghai, China.

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Investment focus

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

Investor stats

  • Total investments: 103
  • Round size: Series A $1.4M–$21M; Series B $2.7M–$90M; Series C $16M–$37M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — raised $275M in 2019

Portfolio highlights

  • Parylene — Parylene is a provider of protective coating application solutions
  • CytoNiche — CytoNiche focuses on the development of 3D micro-organization engineering technology. The core technology is derived from the transformation of Tsinghua University's achievements. Based on its original research technology, Huasheng Bio has launched a series of related products and services, including customized, large-scale, automated andintelligent stem cell culture. Amplification process; 3D stem cell micro-tissue regeneration treatment of new drugs and 3D cell high-throughput drug screening products.
  • 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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Weibo
VC Fund · Beijing, Beijing, China · 1 investments in China Music startups

rpcx provides enterprise infrastructure open source softwares

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Investment focus

  • Industry: Video, Internet, Social Media
  • Stage:Series A, Series B, Series C
  • Geography: China

Investor stats

  • Total investments: 18
  • Round size: Series A $1.2M–$16M; Series B $2.7M–$11M; Series C $82M–$100M
  • Lead/follow: 61% lead, 39% follow

Portfolio highlights

  • Ymatou — Ymatou is a C2C and M2C e-commerce marketplace principally engaged in cross-border commerce and special sales for overseas franchise famous for high quality products. The site claimed more than 1 million users and more than 10,000 daily orders, according to Mydrivers.
  • bsb — bsb is a provider of consumer financial services.
  • Online Star Dream Works — Online Star Dream Works is a network red incubation and integrated marketing service provider. As the official commercialization strategy provider of Sina Weibo, the company utilizes the advantages of social media marketing, self-media alliance and content production to contribute to Internet content. Operation and marketing, deep into the socialmedia platform.
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ZSVC
VC Fund · Beijing, Beijing, China · 1 investments in China Music startups, 6 in the past 12 months

ZSVC is a Chinese venture capital firm specialized in seed and early stage investments.

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Investment focus

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

Investor stats

  • Total investments: 77
  • Round size: Angel $385k–$1.1M; Series A $1.4M–$16M; Series B $2.7M–$82M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Evolusia — Evolusia is Justice
  • Pin Point — Pin Point is a high-tech company specializing in the research and development of high-precision positioning system products and solutions.
  • Yugong Hi-Tech — Yugong Hi-Tech is a battery cell vacuum drying equipment research and development supplier. It focuses on battery drying and is the industry's first non-contact vacuum drying solution. The company offers non-contact drying solutions for cylinders, soft packages, and square shells.
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One Capital
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Music startups

One Capital is a China-based private equity investment firm.

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Investment focus

  • Industry: Information Technology, Manufacturing, Virtual Reality
  • Stage:Series A, Seed, Angel
  • Geography: China, Japan, Nigeria

Investor stats

  • Total investments: 20
  • Round size: Seed $1.5M–$47M; Angel $292k–$1.4M; Series A $1.4M–$18M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • oVice — oVice is a virtual spatial platform that allows people to gather in one place, move, talk, and collaborate freely as avatars. With the mission of “maximizing effective online communication”, oVice develops and provides lifelike features that offer users a close-to-reality interactive online experience. Featuring customization, you can change thelayout to match the theme of your usage, build lockable rooms, place down static objects, and more!Use it as a remote office, an event venue, an academic conference hall, and even a space for parties!
  • Beatrust — BeaTrust helps each employee to connect easily, accelerating collaboration, and driving innovation. The company was founded in 2020 and based in Tokyo, Japan.
  • SmarterEye — SmarterEye is a technology company dedicated to the R&D and manufacture of autonomous driving systems and related products.
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ALLIANCE
VC Fund · Shanghai, Shanghai, China · 1 investments in China Music startups

ALLIANCE is an investment firm.

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Investment focus

  • Industry: Internet, Music, Software
  • Stage:Seed, Angel, Series B
  • Geography: China, United States

Investor stats

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

Portfolio highlights

  • Das Master — Das Master is an online and offline automotive service platform.
  • VFine Music — Provide high-quality Royalty Free Music,Video music license,Movie music,Ads music, Royalty free music subscription, Youtube video music, Netflix video music or other creations.
  • Space and Time — Space and Time is the first decentralized data warehouse. Powering low-latency queries and tamperproof Web3 analytics. Web3 analytics at scale. A multichain data platform for dapps needing next-gen Web3 analytics. Connect analytics directly to smart contracts. Join on-chain and off-chain data in a single query.
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The Arena Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Music startups

The Arena Capital has been jointly established by Guiren Bird (603555), Tigers Sports and Jinglin Capital Management Co., Ltd., focusing on sports industry investment. The mobile domain believes that the sports industry is becoming the core driving force for China's economic growth. It is believed that the people's consumption power isimproving, and Internet technology and reform dividends constitute an opportunity for the outbreak of the sports industry. The dynamic team relies on deepening the accumulation of resources in the sports industry for more than 10 years, and is committed to working with entrepreneurs to promote the brilliant future of Chinese sports.

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Investment focus

  • Industry: Sports, Food and Beverage, Tea
  • Stage:Series A, Angel, Seed
  • Geography: China

Investor stats

  • Total investments: 8
  • Round size: Angel $412k–$1.4M; Series A $2.7M–$5M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Teasure — Teasure is a new modern casual teahouse that offers healthy drinks. It specializes in providing high-end milk tea with lychee, matcha, tangerine, strawberry, and jasmine flavors.Teasure has three stores located in Beijing APM, Youtang, and Xi'an, which are designed by designers from the original research institute, China, and the UnitedStates. It is a company that belongs to Beijing Boiled Leaf Restaurant Management Co., Ltd.
  • GOGO STORE — GOGO STORE (动咖啡) is a mobile coffee car franchise operator, providing customers with coffee made from high quality raw materials such as Arabica beans, imported fresh milk, and moline syrup. GOGO mobile shopkeepers can use the company's mobile application to facilitate business, analyze operations, and more.
  • Next World Culture — Next World Culture is a startup focusing on creating AI-generated virtual humans.
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Bridge Capital China
VC Fund · Futian, Fujian, China · 1 investments in China Music startups

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

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Investment focus

  • Industry: Manufacturing, Electronics, Industrial
  • Stage:Series A, Angel, Post-IPO Equity
  • Geography: China

Investor stats

  • Total investments: 20
  • Round size: Angel $7k–$412k; Series A $1.4M–$14M; Post-IPO Equity $2.7M–$20M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Semight Instruments — Semight Instruments is a manufacturer that focuses on the optical communication module and chip test and measurement industry and provides overall solutions for optical interconnect modules and chip tests and measurements.
  • 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.
  • 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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Gene Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Music startups

Gene Capital is a venture capital fund founded by Cao Yundong, co-founder of TAL Education Group, in 2014. Their management team consists of successful entrepreneurs and highly experienced investors. They are committed to seeking excellent genes to assist the education industry and startups in the TMT sector to make great dreams come true. GeneCapital aims to help entrepreneurs who are passionate about entrepreneurship, have a deep understanding and acute awareness of the industry’s development trends, and utilize their investment concept to make their dreams come true.Their investment philosophy is to focus on entrepreneurial genes: Excellent entrepreneurial teams have excellent entrepreneurial genes, which are the core factors for long-term business development.

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Investment focus

  • Industry: Education, Internet, E-Learning
  • Stage:Series A, Series B, Seed
  • Geography: China, France

Investor stats

  • Total investments: 20
  • Round size: Series A $1.4M–$30M; Series B $2.7M–$24M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Sunmnet — Sunmnet specializes in providing smart education technology and solutions. It utilizes big data, artificial intelligence, facial recognition, and IoT that enables clients to develop efficient education systems and infrastructure.
  • Fengbao ASO — Fengbao ASO is a data analysis platform that provide mobile application developers with marketing services.
  • Delta Service Location — Delta Service Location is a provider of pumping and temporary energy equipment.
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Ventech China
VC Fund · Shanghai, Shanghai, China · 1 investments in China Music startups

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

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Investment focus

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

Investor stats

  • Total investments: 50
  • Round size: Seed $2M–$50M; Series A $3M–$14M; Series B $6.9M–$37M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $150M in 2011

Portfolio highlights

  • Reflaunt — Reflaunt empowers brands with the technology to embrace circular fashion. The allows brand's customers to put back on sale their past purchases without ever leaving the brand ecosystem rewards them with brand shopping credits
  • Naive Blue — Naive Blue is a photography service provider company.
  • Huamei Haolian — Huamei Haolian specializes in providing telemedicine and medical tourism services.
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Zhejiang Paradise
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Music 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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Panda Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Music startups

Founded in 2015, Panda Capital is a new generation venture capital firm in China focused on early-stage businesses powered by innovative and disruptive technology.Panda Capital is a disciplined early-stage investor focused on companies from Angel to Series B stages and strive to become their first or the second institutional investor.We focus onfast-growing tech startups in areas including Data Driven AI Applications, Enterprise Services, Fintech, Logistics, Mobility & Transportation, and New Generation Consumer Trends.Our family of portfolio companies include: Mobike (Now as Meituan Bike), Atzuche, Mi-Me Financial, 1ziton, Intengine Technology, Xunyi (Antwork), Robot++, Aiwhale, Dr. White and Fulmz AI, etc. Panda Capital have received various awards including "2017 & 2018 China Venture Capital Firms Top 10" by Zero2IPO, “2017 China’s Best Venture Capital Firms Top 10” and “2017 China’s Best Return Venture Capital Firms Top 10” by China Venture, and “2017 China Venture Capital Firms in Sharing Economy Top 10” by 36Kr, etc.

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Investment focus

  • Industry: Blockchain, Artificial Intelligence, Robotics
  • Stage:Seed, Series A, Angel
  • Geography: China, United States, Malta

Investor stats

  • Total investments: 45
  • Round size: Seed $1.4M–$7.7M; Angel $140k–$1.5M; Series A $1.4M–$16M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $96M in 2018

Portfolio highlights

  • Blue Protein — Blue Protein is a biotechnology company that focuses on the research and development of animal feed or edible insects.
  • Theia Studios — Icons of Theia - a tactical turn based strategy game
  • Qiming Supply Chain — Qiming Supply Chain aims to empower brand owners and distributors, providing them with comprehensive services such as channel construction, system services, and logistics delivery. The main service categories are fast-moving consumer goods. The current coverage area includes East China, Northeast China, North China and other regions, and Continueto expand outwards and build itself into an omni-channel consumer goods distribution service provider in the whole country.
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Zhulu Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Music 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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Shanda Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Music startups

Shanda Capital is the private equity and venture capital arm of Shanda Interactive Entertainment Ltd. specializing in start ups, early and mid-stage investments. The firm does not invest in online game developers and operators. It seeks to invest in the mobile internet, TMT (technology, media, and telecommunication), and culture sector. and alsofocuses on new media as well as applications based on the Android operating system of Google Inc. Shanda Capital was founded on February 17, 2011 and is based in China

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Investment focus

  • Industry: Mobile, Software, Medical
  • Stage:Angel, Series A, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 27
  • Round size: Angel $275k–$13M; Series A $1.4M–$6.9M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • NeuroXess — NeuroXess is an invasive brain-computer interface with high-density flexible brain electrodes aimed at brain research and disease diagnosis.
  • Synchron — The endovascular brain computer interface.
  • Rejuvenation Technologies — Rejuvenation Technologies is a biotechnology company that developed nucleoside-modified TERT mRNA to safely and rapidly extend telomeres. The company is headquartered in Mountain View, California.
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Forebright Capital
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Music startups

Forebright Capital is a differentiated, well resourced, institutional-quality fund manager in China. Before its spin-off in May 2014, the Forebright Team had operated for more than 10 years under China Everbright Limited, a state-owned enterprise listed on the Hong Kong Stock Exchange. As one of the earliest teams investing in China, Forebrightsails through various economic cycles and delivered steady and long term return for its global investors including sovereign wealth funds, insurances, pension funds, university and corporate endowments and fund of funds. Forebright is committed to partnering with business leaders, providing value added services, and driving long term growth hence returns for investors through discipline and rigorous process.

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Investment focus

  • Industry: Manufacturing, Artificial Intelligence, Biotechnology
  • Stage:Series A, Series B
  • Geography: China, United States

Investor stats

  • Total investments: 16
  • Round size: Series B $30M–$100M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Obsbot — A Smart Hardware Company based in Shenzhen,China.
  • Z·Pilot — ZPilot is a stylish electronic new retail brand that combines contemporary toys and digital art to present viewers with a deeper visual.
  • Zhixin Semiconductor — Zhixin Semiconductor manufactures high-reliability controllers and processor chips for automotive systems.
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Zhuji Hongyi Cultural Industry Investment
VC Fund · Zhuji, Zhejiang, China · 1 investments in China Music startups

Zhuji Hongyi Cultural Industry Investment is engaged in cultural industry investment, equity investment, investment management.

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Investment focus

  • Industry: Music, Advertising, TV Production
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Rosat — Rosat offers film and television investment production, artist brokerage and entertainment marketing services.
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PH Investment
VC Fund · Shanghai, Shanghai, China · 1 investments in China Music startups

PH Investment is a private equity investment firm.

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Investment focus

  • Industry: Music, Advertising, TV Production
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Rosat — Rosat offers film and television investment production, artist brokerage and entertainment marketing services.
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Tsinghua Capital
VC Fund · Haidian, Beijing, China · 1 investments in China Music startups

Tsinghua Capital is an investment firm.

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Investment focus

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

Investor stats

  • Total investments: 20
  • Round size: Seed $137k–$14M; Angel $412k–$14M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Okawa Electric — Okawa Electric is a supplier of core components for electric power-assisted bicycles.
  • Shenji Changhua — Shenji Changhua is a biotechnology company focusing on neurological diseases such as ALS.
  • Migrasome Therapeutics — Migrasome Therapeutics is an innovative drug research and development company based on new biological discoveries.
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Zhongke Angel Investment Fund
VC Fund · Zhonghe, Hunan, China · 1 investments in China Music startups

Zhongke Angel Investment Fund is an investment firm.

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Investment focus

  • Industry: Audio, Music, Artificial Intelligence
  • Stage:Angel
  • Geography: China

Investor stats

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

Portfolio highlights

  • POROSVOC — POROSVOC is an audio processing technology company that offers chip-level core services for intelligent voice enhancement and intelligent voice interaction solutions for financial equipment, communication equipment, robots, smart home products, small household appliances, and other industries.
  • Bianmin Mind — Bianmin Mind is a provider of mental health services and products. It specializes in recognizing and interacting with emotions through wearable technology.
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Zhenshun Jijin
VC Fund · Beijing, Beijing, China · 1 investments in China Music startups

Zhenshun Jijin is an early-stage investment fund.

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Investment focus

  • Industry: Health Care, Internet, E-Commerce
  • Stage:Angel, Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 16
  • Lead/follow: no public data

Portfolio highlights

  • Yeting — Yeting is a media company that specializes in the production of audio content.
  • Xiansu Song — Xiansu Song enables the operation analysis of catering businesses in a unified system through data permissions and customized account settings, abstractly producing the comparable data analysis needs of large catering outlets, executingvisual data analysis, ad hoc analysis, data queries, and real-time consumption data analysis. In order to reach arefined operation, the operation is directed to adopt comparable tactics in each connection.
  • Kuai Xing Fang — Just for health provides doctors with clinical drug decision-making services. Their products include clinical pharmacy management software, prescription risk monitoring software, and regional rational drug use software.
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Jason Investment
VC Fund · Futian, Guangdong, China · 1 investments in China Music startups

Jason Investment is an investment banking, equity investment, and securities investment firm.

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Investment focus

  • Industry: Media and Entertainment, Music, Concerts
  • Stage:Angel
  • Geography: China

Investor stats

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

Portfolio highlights

  • Juooo — Juooo is a ticket transaction service provider.
  • Mai Ai Culture Communications — Mai Ai Culture Communications is a music company engaged in electronic music festivals, copyright management and music production.
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Industrial Securities Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Music startups, 9 in the past 12 months

Industrial Securities Capital is a private equity firm.

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Investment focus

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

Investor stats

  • Total investments: 20
  • Round size: Angel $412k–$8.2M; Series A $1.4M–$1.4M
  • Lead/follow: 62% lead, 38% follow

Portfolio highlights

  • Baoyi Technology — Baoyi Technology is an enterprise integrating research and development, production, and sales. It focuses on thermal management materials. It is a heating film patent and business model patent manufacturing company. They have a series of energy-powered battery heaters.
  • Pinfeng Medical — Pinfeng Medical is a platform firm that integrates independent research and development, manufacturing, marketing, and service to provide high-quality intelligent testing and precise diagnostic solutions to the local and international in vitro diagnostic industries.
  • Jiemeng Intelligence — Jiemeng Intelligence is a provider, developer, and manufacturing of lithium-ion battery coating equipment. The company focuses on front-end equipment development, design, and manufacture, as well as lithium-ion battery machinery, to provide clients with safe, efficient, and smart new energy equipment solutions.
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Music VC funding in China at a glance

Stats across 110 deals from 177 investors.

177
investors
in China Music startups
110
deals
in China Music startups
$1.5M
median round
in China Music startups
32%
lead investors
lead at least one round
37%
Series A
most common funding stage

Access all 177 VC funds in China Music startups.

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