# Top 50 Wine And Spirits VC (Venture Capital) Funds in Asia in October 2023

## Hillhouse Capital Group
- Type: VC Fund
- Location: Changyang, Beijing, China
- Relevant deals: 3
- Stages: Series B, Series A, Series C
- Focus: Biotechnology, Health Care, Software

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

## CPE
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 3
- Stages: Series A, Series B, Series C
- Focus: Health Care, Manufacturing, Biotechnology

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

## Source Code Capital
- Type: VC Fund
- Location: Chaoyang, Liaoning, China
- Relevant deals: 2
- Stages: Series B, Series A, Series C
- Focus: Software, E-Commerce, Artificial Intelligence

Founded in 2014, Source Code Capital is a leading China VC focused on the broad TMT sectors and investing in both early stage start-ups and growth stage companies. With $1.5 billion and RMB 3.5 billion under management, Source Code Capital has been successfully partnering with close to 150 leading Chinese technology founders since inceptionincluding Bytedance, Meituan, Homelink, among many others. Source Code is focused on the “Big 3” fundamental drivers, which are Internet+, AI+, and Global+ , and invests along sectors such as media and entertainment, consumer services, enterprise, finance, retail, transportation, housing, education, and healthcare.

## CITIC Agriculture
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 2
- Stages: Series A, Series B, Series C
- Focus: Wine And Spirits, Food and Beverage, Drones

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

## Nissay Capital
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Health Care, Internet, Medical

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

## Hejun Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 2
- Stages: Angel, Series A, Series B
- Focus: Food and Beverage, Information Technology, E-Commerce

Hejun Capital is a private equity and venture capital firm.

## The Hina Group
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Series A, Angel, Series B
- Focus: Artificial Intelligence, Health Care, Education

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

## Zhongjin Huicai
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A
- Focus: Winery, Brand Marketing, Wine And Spirits

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

## Huachuang Shengjing
- Type: VC Fund
- Location: Haidian, Beijing, China
- Relevant deals: 1
- Stages: Angel, Series A
- Focus: Big Data, Winery, Hardware

Huachuang Shengjing is an investment management company.

## Zhongqi Touzi
- Type: VC Fund
- Location: Ürümqi, Xinjiang, China
- Relevant deals: 1
- Stages: Angel, Series A
- Focus: Winery, Agriculture, Virtual Reality

Zhongqi Touzi is an investment firm.

## Runwu Konggu
- Type: VC Fund
- Location: Haidian, Beijing, China
- Relevant deals: 1
- Stages: Angel
- Focus: Manufacturing, Customer Service, Wine And Spirits

Runwu Konggu is an investment firm.

## Huaibin Chufeng Zixun
- Type: VC Fund
- Location: Henan, Henan, China
- Relevant deals: 1

Huaibin Chufeng Zixun provides event planning, exhibition and consulting services.

## Proterra Asia
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Series A
- Focus: Manufacturing, Waste Management, Wine And Spirits

Proterra Asia - A private equity fund manager focused on investing in Asian Food Sector

## Shanxi Qin Niongjiuye
- Type: VC Fund
- Location: Xian Shi, Shaanxi, China
- Relevant deals: 1
- Stages: Angel
- Focus: Manufacturing, Customer Service, Wine And Spirits

Shanxi Qin Niongjiuye is an investment firm.

## Kerun Chuangtou
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series A
- Focus: Manufacturing, Customer Service, Wine And Spirits

Kerun Chuangtou is an investment firm.

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

South China Venture Capital is a private equity investment fund management as the main business of professional investment management organization. Under the jurisdiction of the three branch of the fund management company: Shenzhen South China Invsetment Management Co.Ltd, South China (Tianjin) Equity Investment Fund Management Co. Ltd., ShenzhenZhongnan Hongyuan Invsetment Management Co. Ltd.

## Xinyang Development Investment
- Type: VC Fund
- Location: Xinyang, Henan, China
- Relevant deals: 1
- Stages: Series A
- Focus: Winery, Manufacturing, Wine And Spirits

Xinyang Development Investment is an investment firm.

## Shanxi Heling Touzi guanli Co., Ltd.
- Type: VC Fund
- Location: Xian Shi, Shaanxi, China
- Relevant deals: 1
- Stages: Series A
- Focus: Manufacturing, Customer Service, Wine And Spirits

Shanxi Heling Touzi guanli Co., Ltd. is an investment firm.

## Linzhang Xian Zhengtong Zichan Jingying Guanli Co., Ltd
- Type: VC Fund
- Location: Handan, Hebei, China
- Relevant deals: 1
- Stages: Angel
- Focus: Retail, Wholesale, Manufacturing

Linzhang Xian Zhengtong Zichan Jingying Guanli Co., Ltd is an asset management company.

## Huaxin Investment
- Type: VC Fund
- Location: Wuhan, Hubei, China
- Relevant deals: 1
- Stages: Seed
- Focus: Customer Service, Wine And Spirits, Food and Beverage

Huaxin Investment is engaged in investment in manufacturing and service industries; project investment management consulting and planning.

## Ningxia State Investment
- Type: VC Fund
- Location: Ningxiang, Hunan, China
- Relevant deals: 1
- Stages: Series A
- Focus: Manufacturing, Wine And Spirits

Ningxia State Investment is an investment firm.

## Zhidetong
- Type: VC Fund
- Location: Xian Shi, Shaanxi, China
- Relevant deals: 1
- Stages: Angel
- Focus: Manufacturing, Customer Service, Wine And Spirits

Zhidetong is an investment firm.

## Spiral Ventures
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Internet, Information Technology

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

## Tengxun Touzi
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 1
- Stages: Series A, Angel
- Focus: Information Technology, Software, Education

Tengxun Touzi is a investment firm.

## C Ventures
- Type: VC Fund
- Location: Central, Hong Kong Island, Hong Kong
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Fashion, E-Commerce, Artificial Intelligence

Co-founded by entrepreneur Adrian Cheng and veteran investor Clive Ng, C Ventures is a global venture capital bridging the West and the East, curating a global cultural ecosystem targeting Millennials and the generation Z with a focus on disruptive businesses in technology, lifestyle and media. 

## Peakview Capital
- Type: VC Fund
- Location: Haidian, Beijing, China
- Relevant deals: 1
- Stages: Series A, Angel, Series B
- Focus: Software, Information Technology, Internet

Peakview Capital is an entrepreneurial FOF. Shengjing Jiacheng's FOF has covered top-tier funds. It has directly invested in or indirectly participated in more than 2,500 high-quality enterprises. A number of star projects, such as Baby Tree, Steel Mesh, and Shell, are growing rapidly beyond expectations.

## Future Value Capital
- Type: VC Fund
- Location: Changning, Shanghai, China
- Relevant deals: 1
- Stages: Angel, Seed
- Focus: Hardware, Software, Automotive

Future Value Capital specializes in equity investment and investment management services.

## 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.

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

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.

## SeptWolves
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Manufacturing, Electronics, Information Technology

SeptWolves is an apparel and fashion designer and manufacturer company that specializes in the design and clothes manufacturing.

## Centurium Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series C, Series D, Series A
- Focus: Software, Biotechnology, Health Care

Centurium Capital, founded by former head of Warburg Pincus Asia, is a leading Greater China focused private equity firm.

## Challenjers Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Angel, Series A, Seed
- Focus: Manufacturing, Software, Food and Beverage

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

## Pavilion Capital
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Biotechnology, Health Care, Information Technology

Provides growth equity to market leading companies in the United States and China

## Convivialite Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: E-Commerce, Food and Beverage, Marketplace

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

## 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.

## Bit Origin
- Type: VC Fund
- Location: Yuzhong, Gansu, China
- Relevant deals: 1
- Stages: Series A
- Focus: Catering, Wine And Spirits, Food and Beverage

Bit Origin is an emerging blockchain company managed by a group of experienced business builders across various industry spectrums.

## Bojiang Capital
- Type: VC Fund
- Location: Hangzhou, Zhejiang, China
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: Software, Artificial Intelligence, Financial Services

Bojiang Capital is a global finance services organization.

## Far East Holdings International
- Type: VC Fund
- Location: Sheung Wan, Hong Kong Island, Hong Kong
- Relevant deals: 1
- Stages: Series A
- Focus: Manufacturing, Customer Service, Wine And Spirits

Far East Holdings International engaged in garments manufacture. T

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

MissFresh is an E-Commerce platform that specializes in high-quality fresh food. It sells daily grocery products through its mobile-based platform. It offers milk, dairy products, meat, seafood, fruits, and vegetables.
MissFresh also sells eggs, vegetables, drinks, snacks, and other products online.

## Beijing Shengchu Touzi Guanli Zixun Youxian Gongsi
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A
- Focus: Sales, Manufacturing, Wine And Spirits

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

## Country Garden Venture Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Manufacturing, Biotechnology, Hardware

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

## Wuliangye Yibin
- Type: VC Fund
- Location: Yibin, Sichuan, China
- Relevant deals: 1
- Stages: Angel, Corporate Round
- Focus: Retail, Aerospace, Wholesale

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

## Linda Group
- Type: VC Fund
- Location: Chaoyang, Liaoning, China
- Relevant deals: 1
- Stages: Seed
- Focus: Wine And Spirits, Food and Beverage

Linda Group is a large private enterprise that provides investment and financial services.

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

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

## Xin Yuanjing Youcheng
- Type: VC Fund
- Relevant deals: 1
- Stages: Angel
- Focus: Manufacturing, Customer Service, Wine And Spirits

Xin Yuanjing Youcheng is an investment firm.

## 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.

## Gaorong Capital
- Type: VC Fund
- Location: Wangjing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Software, E-Commerce, Information Technology

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.

## China Millennium Capital
- Type: VC Fund
- Location: Changning, Shanghai, China
- Relevant deals: 1
- Stages: Seed
- Focus: Consumer, Manufacturing, Wine And Spirits

China Millennium Capital is a buyout fund and boutique investment banking platform.

## Wavemaker Partners
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, E-Commerce, Information Technology

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

## Ginkgo Gofar Group
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 1
- Stages: Series B, Angel
- Focus: Internet, Video, Mobile

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

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