# Top 50 Sporting Goods VC (Venture Capital) Funds in Asia in October 2023

## Eagles Fund
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 3
- Stages: Angel, Series A, Seed
- Focus: Information Technology, Media and Entertainment, Internet

Eagles Fund is a diversified angel fund and family fund.

## RION
- Type: VC Fund
- Location: Kokubunji, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A
- Focus: Sports, Wearables, Sporting Goods

Japanese hearing aid manufacturer

## Wedo Capital
- Type: VC Fund
- Location: Wenzhou, Zhejiang, China
- Relevant deals: 1
- Stages: Seed, Angel, Series A
- Focus: Biotechnology, Manufacturing, Legal

Wedo Capital is an investment firm, focuses on the biomedical, energy, and intelligent manufacturing companies.

## ShareLink Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series A, Angel, Series B
- Focus: Hardware, Health Care, Biotechnology

ShareLink Capital is a professional institution engaged in private equity investment.

## W ventures
- Type: VC Fund
- Location: Shibuya, Kanagawa, Japan
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: E-Commerce, Information Technology, Health Care

W ventures is a Japan-based venture capital firm investing in Pre-Seed, Seed, and Series A rounds. They have been conducting investment to 25 companies in a total of about a year from the start of investment activities in April 2019. The company works not only with investment business but also with companies that provide services related to HR, PR,infrastructure, legal and accounting, etc., as incubation support after investment. It is also characteristic to provide support for the investor companies. In addition, in cooperation with other venture capital companies, Ar Rase TAGE startups regularly hold office hours that allow financing and business consultations to two companies at the same time and actively support startups are doing.

## Prox Ventures
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Medical, Biotechnology, Health Care

Proxima Ventures focuses in the healthcare industry, supporting outstanding enterprises with innovative technologies or service models that have tremendous potential.They manage multiple funds in RMB and US dollar, covering from seed to growth stages. Their team members with multidisciplinary backgrounds and resourceful networks, have many yearsof remarkable venture capital experience and achievements. They believe that active and effective collaboration with entrepreneurs will make substantial economic returns while bring meaningful improvements in public health.

## Dark Horse Ventures
- Type: VC Fund
- Location: Haidian, Beijing, China
- Relevant deals: 1
- Stages: Angel, Series A, Seed
- Focus: Information Technology, Software, Education

Dark Horse Venture is a venture capital firm that invests at early-stage startups in industrial internet and technology.

## Ricebank
- Type: VC Fund
- Location: Hangzhou, Zhejiang, China
- Relevant deals: 1
- Stages: Angel, Series A
- Focus: Electric Vehicle, Travel, Hardware

Ricebank is a comprehensive investment management company.

## Mekong Capital
- Type: VC Fund
- Location: Ho Chi Minh City, NA - Vietnam, Vietnam
- Relevant deals: 1
- Stages: Private Equity, Series A
- Focus: Manufacturing, Retail, Service Industry

Mekong Capital is a Vietnam-focused Private Equity firm, specializing in consumer driven businesses. Mekong Capital’s investee companies are typically among the fastest growing and market leading companies in Vietnam’s consumer-driven sectors such as retail, restaurants, consumer products and distribution.Established in 2001, Mekong Capitalhas the most extensive private equity track record in Vietnam. Our funds have completed 30 private equity investments, of which 22 have been fully exited and 1 has been partially exited. Mekong Capital has managed 5 funds, one of which is currently making new investments. Mekong Capital has a team of 50+ full-time people in our offices in Ho Chi Minh City, Hanoi, who have an average tenure at Mekong Capital of around 6 years. Three Partners with combined 31 years at Mekong Capital.Mekong Capital invests in fast-growing companies, with ambitious expansion plans, and a strong commitment to building management teams that will apply best practices and successfully execute on those expansion plans. These companies are typically well-established companies in their sectors, but which typically operate in fragmented and fast growing markets which present attractive growth opportunities.Mekong Capital is strongly committed to adding significant value at each of its investee companies – through operational improvements, building management teams, introduction of best practices and outside experts, and applying other elements of our Vision Driven Investing framework.

## Baozun Commerce
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series A, Angel, Post-IPO Equity
- Focus: E-Commerce, Fashion, Sales

Baozun Commerce is a provider of brand management solutions in China. It is an e-commerce service partner founded in 2007.It focuses to help brands and retailers to become successful in China. Baozun provides end-to-end services, including web site design, development and hosting, IT infrastructure, customer service, warehousing and logisticsservices as well as digital marketing solutions.Baozun Commerce connects brands and consumers in China using their local know-how and robust e-commerce supply chain technology and services. It strives to protect and enhance brands’ images online while enabling increased engagement with Chinese consumers to drive sales and profit.

## Toread Holdings Group
- Type: VC Fund
- Location: Changping, Beijing, China
- Relevant deals: 1
- Stages: Series A
- Focus: Sports, E-Commerce, Sporting Goods

Toread Holdings Group designs, manufactures, and retails camping and outdoor equipment.

## Share Capital
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 1
- Stages: Series A, Series B, Angel
- Focus: Medical, Health Care, Biotechnology

Share Capital is a venture capital firm specializing in seed, start-up, early, middle, growth capital, and Pre-IPO investments. it primarily invests in big living, medical healthcare, and internet innovation. In medical healthcare, it seeks to invests in pharmaceuticals, innovative equipment, biotechnology, diagnostic testing equipment andreagents, anti-infectives, drug discovery, medical health service, mobile medical services, and informatization.

## China Capital Investment Group
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Angel, Series C, Series A
- Focus: Health Care, E-Commerce, Education

Founded in 1995 with approval granted by the State Administration for Industry, the China Capital Investment (Group) Co., Ltd. (‘CCIG’) is registered in Shanghai with a registered capital of CNY300 million.CCIG seeks to optimize its investment structure as well as enhance its economic growth and competitive edge by fully harnessing theopportunities unleashed by changes in the global economic structure and China’s economic transformation. To this end, CCIG focuses on industry investments and capital operations and manages its assets in a professional and investment-centered manner that is at the same time grounded in industry experience.Currently, CCIG involves a number of areas, including mining, healthcare, real estate, cultural tourism, Information Technology, energy, and finance and securities. With a strong asset structure and abundant operational cash flow, CCIG is slated to grow its financial strength, establish more quality investment programs, implement excellent management and tap on a strong pool of professional talents as its assets take more a more international profile.

## PreAngel
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Angel, Seed, Series A
- Focus: Internet, Software, Blockchain

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

## Innovation Engine
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A, Series C
- Focus: Robotics, Information Technology, Medical

Innovation Engine has been is promoting investment to create and grow promising business areas created from technology. Established in 2001 and it is headquartered in Tokyo, Japan.

## Kaga Electronics
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Education, Internet, Artificial Intelligence

Kaga Electronics is a Japan based company engages in the sales of electronic components, electronic devices and other. It operates through following segments: Electronic Components, Information Equipment, Software and Other. The firm generates majority revenue from the Electronic Components.

## Decasonic
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Blockchain, Software, Cryptocurrency

Decasonic is the venture and digital assets fund buidling blockchain innovation.  We draw on our decades of experience as both tech investors and operators to help founders in blockchain accelerate product market fit & scale growth. 

## 1kx
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, FinTech

1kx is an early-stage investment firm focused on ecosystem growth.

## Thunderstorm VC
- Type: VC Fund
- Location: Guangzhou, Guangdong, China
- Relevant deals: 1
- Stages: Angel, Series A
- Focus: Information Technology, Online Games, Housekeeping Service

Founded in June 2012, Thunderstorm VC is a well-known professional organization for angel investment / venture investment in South China.
Thunderstorm Capital focuses on investment in the field of TMT, focusing on areas such as culture and education, entertainment media, consumer sharing, AI, robotics, Internet of Things, etc.

## Blackbirdsport
- Type: VC Fund
- Location: Haidian, Beijing, China
- Relevant deals: 1

Blackbirdsport is an application for recording and sharing riding.

## Redstone Capital
- Type: VC Fund
- Location: Wenzhou, Zhejiang, China
- Relevant deals: 1
- Stages: Series A
- Focus: Mobile, E-Commerce, Consumer Goods

Redstone Capital is an equity investment and asset management company.

## China Equity
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B, Angel
- Focus: Software, Internet, Education

ChinaEquity is China's private merchant bank engaging in VC, PE, Direct investments as well as investment management. It provides one-stop cross-border VC PE and direct investments to high-tech enterprises throughout the Greater-China Region.The company uniquely positions itself to the booming Chinese technology, media, telecommunications,biotechnology and environmental technology, sports, medicine and the natural resource industries, and aims to equilibrate the demand and the supply in the capital market and provide total solutions to all parties on the capital flow chain.Clear development strategy and innovative business model has helped ChinaEquity to achieve outstanding performances. Its resources and networks extend all over the Silicon Valley, Wall Street, Europe and Greater China. International strategic alliance and partnerships allow the company to be able to cover all stages of investment and financing. Since inception, ChinaEquity has achieved a promising portfolio of investments and has established a high-quality customer base.ChinaEquity fully understands the political, economic and cultural environment in Greater-China, is well experienced in international capital market operations, and familiar with development trend. The company maintains long-term and favorable communications with Chinese governmental bodies, international financial institutions and high-tech enterprises.ChinaEquity was founded in 1999 by Mr. Chao Y. Wang, formerly the Vice President and Beijing Chief Representative of Morgan Stanley Dean Witter. The senior partners and executives joined ChinaEquity from international and domestic renowned financial institutions and high-tech enterprises.

## Jinding Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: Manufacturing, Health Care, E-Commerce

Jinding Capital is a leading industrial equity investment institution in China.

## Scalar Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Blockchain, Software, Cryptocurrency

Crypto investment firm. Austin, TX.

## Yield Guild Games
- Type: VC Fund
- Location: Quezon, Quezon City, Philippines
- Relevant deals: 1
- Stages: Seed, Initial Coin Offering
- Focus: Gaming, Blockchain, Cryptocurrency

Explore the best crypto games, meet people who love the same games you do. Play for free, go on adventures, and win rewards with your crew!

## Keio Innovation Initiative
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Medical, Health Care, Biotechnology

Keio Innovation Initiative (KII) is a venture capital established by Keio University. In order to make more effective use of the research results of Keio University, we aim to contribute to the development of society by creating investment for venture companies that utilize research results and creating new industries.The key to thinking aboutJapan's future growth strategy is to utilize advanced research results of the university. In addition to GDP, in addition to GDP, Japan is the world's third largest R & D exporter in R & D expenses, but as the low growth rate shows, it has a problem in investment efficiency in research and development. There are also reports on the entrepreneurial spirit that is indispensable for creating new industries, with the lowest entrepreneurial activity rate among developed countries.

## IDG Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Software, Internet, E-Commerce

IDG Capital is 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.

## Ningbo Angel Capital Guiding Fund
- Type: VC Fund
- Location: Ningbo, Zhejiang, China
- Relevant deals: 1
- Stages: Angel, Series A, Seed
- Focus: Hardware, Manufacturing, Information Technology

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

## Sfermion
- Type: VC Fund
- Location: Chicago, Illinois, United States
- Relevant deals: 1
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Gaming, Cryptocurrency

Sfermion is a metaverse-native firm investing in esoteric digital assets.

## Plum Ventures
- Type: VC Fund
- Location: Changzhou, Zhejiang, China
- Relevant deals: 1
- Stages: Angel, Series A, Seed
- Focus: Software, E-Commerce, Internet

Plum Ventures is a venture capital company that aims to encourage young people to become entrepreneurs. It specializes ins providing seed and early-stage investments in the technology, new media, and telecommunications industry.
The firm was founded in May 2014 and is based in Changzhou, China.

## GSR United Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B, Angel
- Focus: Information Technology, Robotics, Automotive

GSR United Capital is a venture capital firm invests in early and middle stages companies.

## Ameba Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Angel, Series A, Series B
- Focus: Software, Information Services, E-Commerce

Ameba Capital is a Chinese venture capital firm that provides early and growth stage investments. Ameba Capital makes investments in the telecommunications, media, and technology industries, focusing on SaaS, AI, Digital Transformation and other disruptive technologies.

## Ceyuan Ventures
- Type: VC Fund
- Location: Hong Kong, Hong Kong Island, Hong Kong
- Relevant deals: 1
- Stages: Series A, Series B, Angel
- Focus: Software, Internet, Mobile

Ceyuan Ventures is a Beijing-based early stage venture capital firm focused on IT and emerging growth companies. They emphasize backing great teams, technology and business innovation. Their mission is to assist entrepreneurs in creating and building world-class businesses.

## Buhuo Ventures
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B, Angel
- Focus: E-Commerce, Food and Beverage, B2B

Buhuo Ventures invests in early and growing TMT and innovative consumer sectors.

## Innoangel Fund
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Angel, Series A, Seed
- Focus: Artificial Intelligence, Software, Electronics

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

## Sansei Capital Investment
- Type: VC Fund
- Location: Koto, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Content, Software, Medical

Sansei Capital provides portfolio management, corporate management support, and financing services.

## SPRIGHT
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A
- Focus: Sports, E-Commerce, Sporting Goods

SPRIGHT is an artificial intelligence and big data service company.

## Hammer Capital Management
- Type: VC Fund
- Location: Santa Barbara, California, United States
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Mobile, Big Data, Hardware

Hammer Capital Management is a Santa Barbara based investment adviser specializing in technology sector growth investing. Despite the downturn in the technology sector, they believe that technology represents the future of their country, not the past. Accordingly, they believe that long term growth investors are well advised to considerestablishing portfolios in key leadership technology companies for the economic upturn that lies ahead.

## Zehou Touzi
- Type: VC Fund
- Location: Jiading, Shanghai, China
- Relevant deals: 1
- Stages: Angel, Series A
- Focus: Fashion, E-Commerce, Apps

Zehou Touzi is an investment firm.

## Metaorient
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Software, Blockchain, Sporting Goods

Metaorient

## IPBridge
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A
- Focus: Sports, Content, Education

IPBridge is a company specializing in the management of intellectual property and funds.

## Huading Touzi
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 1

Huading Touzi is an investment management, investment consulting, and equity investment firm.

## Dahe Ventures
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Angel, Series A, Series B
- Focus: Information Technology, Apps, E-Learning

Dahe Ventures is an investment management company focused on private equity investment.

## Beiruan Angle
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Angel, Seed
- Focus: Information Technology, E-Commerce, Consumer Goods

Beiruan Angle is a professional angel investment institution.

## Adways
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Internet, Media and Entertainment, Software

Based in Tokyo, Adways is a mobile marketing solution provider mostly known for its Asia’s largest mobile CPI adnetwork “AppDriver” and mobile app measurement & tracking tool “PartyTrack” used by great number of major app developers around the world. Since 2004 when it opened the first overseas office in China, Adways has been aggressivelyexpanding its mobile app distribution network in Asian markets. Now with 1,000 employees in 11 countries (Japan, China, Korea, Taiwan, India, Thailand, Vietnam, the Philippines, Indonesia, Singapore and the USA), Adways supports app developers worldwide to maximize their user acquisition and monetization and furthermore thrives to provide new value to the market. Haruhisa Okamura is Founder and CEO of Adways who has grown Adways from a small startup to an international corporation with over a thousand employees around the world. In 2006, Adways went public and Okamura was one of the youngest entrepreneurs to list a company in Japan at that time.You can read his story here:  "How a high school dropout became a multi-millionaire entrepreneur" http://www.techinasia.com/high-school-dropout-multimillionaire-entrepreneur/

## Edge Labs
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series A
- Focus: Sports, Wearables, Sporting Goods

Edge Lab provides various support services for IP business.

## Henggu Touzi
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Angel
- Focus: E-Commerce, Consumer Goods, Sporting Goods

Henggu Touzi is an investment management firm.

## Cenova
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Health Care, Medical, Pharmaceutical

Cenova Capital is one of the earliest healthcare dedicated funds in China founded in 2010 by Dr Jun WU and is one of the earliest investors in private healthcare services and digital health, with helps to facilitate the transformation of healthcare in China from an exclusively state-owned system to a more efficient, market-oriented system. CenovaCapital is healthcare funds dedicated to early and growth-stage investments in the life sciences and healthcare sector in China. Since inception in 2010, Cenova now has five funds under management with investments in over 50 companies in healthcare services, pharmaceuticals, medical devices and digital heath. Cenova's investors are mainly large domestic and international institutional investors including Asian sovereign wealth funds, government institutions, insurance and financial institutions and multinational companies.

## BW Ventures
- Type: VC Fund
- Location: Chaoyang, Liaoning, China
- Relevant deals: 1
- Stages: Angel, Seed, Series A
- Focus: Software, Apps, Information Technology

BW Ventures is an investment firm.

## Mitsubishi UFJ Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: Software, Health Care, Information Technology

Mitsubishi UFJ Capital is a venture capital firm focusing on life science, ICT, and high technology investments.

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