100 VC Firms in China Investing in Startups (2026)

192 active venture capital firms in China are in the Round Funded catalog. Below are the top 100 by investments on record: what each fund backs, where it sits, how many deals it has done, and a way to reach the partner behind every name once you sign up.

Last updated October 21, 2026

Firms in the catalog: 192 in China
Top sectors: Artificial Intelligence, Hardware & Deep Tech and Healthcare & Biotech
Median investments: 67 deals
Top cities: Beijing, Shenzhen and Shanghai

192 firms in the catalog

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The top 100 VC firms in China, by investments on record

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Shenzhen Capital GroupShenzhen Capital Group is a venture capital company focused on cultivating national industries and shaping national brands.NanshanArtificial IntelligenceHealthcare & BiotechHardware & Deep Tech1,800 deals

Shenzhen Angel FOFShenzhen Angel FOF is a strategic and policy fund initiated by the Shenzhen Municipal People's Government.ShenzhenArtificial IntelligenceHealthcare & BiotechQuantum & Semiconductors1,400 deals

International University Innovation AllianceInternational University Innovation Alliance is a firm investing in entrepreneurs promoting health & eco-friendly civilization.BeijingHealthcare & BiotechClimate & EnergyHardware & Deep Tech1,000 deals

IDG CapitalIDG Capital is an investment firm that funds early- to growth-stage companies in the technology sector.BeijingArtificial IntelligenceHealthcare & BiotechConsumer & Retail673 deals

Oriental Fortune CapitalOriental Fortune Capital is a financial service company that specializes in venture capital investment and accounting.ShenzhenArtificial IntelligenceHealthcare & BiotechClimate & Energy600 deals

Fortune Venture CapitalFortune Capital, established in April, 2000, is one of the earliest market-oriented venture capital firms in China.ShenzhenArtificial IntelligenceBiotech & PharmaManufacturing & Industrial500 deals

Leaguer Venture CapitalLeaguer Venture Capital is a venture capital company.ShenzhenArtificial IntelligenceHardware & Deep TechManufacturing & Industrial500 deals

Cowin CapitalCowin Capital is a private placement equity investment company focusing on investing in a pioneering enterprise on a long-term basis.ShenzhenManufacturing & IndustrialHealthcare & BiotechBiotech & Pharma400 deals

CDF-CapitalCDF-Capital is a private equity firm invests in growth and early-stage companies.ShenzhenHardware & Deep TechManufacturing & IndustrialArtificial Intelligence350 deals

GP CapitalShanghai GP Capital is a private equity firm focused on funding financial services companies.ShanghaiHealthcare & BiotechHardware & Deep TechArtificial Intelligence325 deals

That is 10 of 100.

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InnoSpringThe holding company for a multi-national ecosystem of technology parks, incubators, and venture Capital funds ($200M under management)ShanghaiHealthcare & BiotechSaaS & EnterpriseBiotech & Pharma300 deals

Beijing E-town International Investment & DevelopmentBeijing E-town International Investment and Development is a State-owned investment and financing company.BeijingArtificial IntelligenceBiotech & PharmaAutomotive & EV250 deals

Puhua CapitalPuhua Capital is an equity investment firm that focuses on early and middle project.HangzhouArtificial IntelligenceHealthcare & BiotechClimate & Energy240 deals

Lenovo Capital and Incubator Group (LCIG)Lenovo Capital and Incubator Group is an accelerator and venture capital firm.BeijingArtificial IntelligenceDeveloper Tools & DataRobotics & Automation225 deals

Empower InvestmentEmpower Investment invests in internet, AI, big data, automation and robotics, financial technology, education, materials, and healthcare.ShanghaiArtificial IntelligenceRobotics & AutomationFintech200 deals

Tsing-Yuan CapitalTsing-Yuan Capital is a Chinese venture capital firm specialized in early, middle, and mature stage investments.ShenzhenArtificial IntelligenceSaaS & EnterpriseHealthcare & Biotech200 deals

DT Capital PartnersDT Capital Partners is a private equity investment firm that provides growth capital to early and expansion stage companies.ShanghaiHealthcare & BiotechManufacturing & IndustrialConsumer & Retail195 deals

Hengxu CapitalHengxu Capital is an investment firm.JiadingArtificial IntelligenceHealthcare & BiotechConsumer & Retail174 deals

Yinxinggu CapitalYinxinggu Capital is an investment platform that focuses on early investment opportunities in emerging industries.HangzhouManufacturing & IndustrialArtificial IntelligenceSaaS & Enterprise174 deals

Vision Plus CapitalVision Plus Capital is a venture capital that focuses and provide multi-faceted help to internet innovation start-ups.HangzhouArtificial IntelligenceSaaS & EnterpriseFintech160 deals

Waterdrip CapitalWaterdrip Capital is a venture capital firm that prefers to invest in the blockchain industry.ShanghaiCrypto & Web3FintechSaaS & Enterprise147 deals

Qingsong FundQingsong Fund is a venture capital for seed- and early-stage investments.ShenzhenConsumer & RetailEdTechArtificial Intelligence140 deals

China Merchants Venture CapitalChina Merchants Capital is engaged in alternative investment and asset management.ShenzhenArtificial IntelligenceClimate & EnergyMobility & Logistics137 deals

Tsinghua Innovation VenturesTsinghua Innovation Ventures is an investment management firm.BeijingHealthcare & BiotechClimate & EnergyArtificial Intelligence130 deals

Daocin CapitalDaocin Capital is an early equity investment firm focusing on early projects on retail, iOT, finance, AI, blockchain and others.HangzhouRobotics & AutomationArtificial IntelligenceHardware & Deep Tech130 deals

Huagai CapitalHuagai Capital is a private equity investment firm that invests in areas, such as health, TMT, and culture.BeijingHealthcare & BiotechArtificial IntelligenceHardware & Deep Tech130 deals

Everest Venture CapitalEverest Venture Capital is an early stage venture capital fund that aims to invest and grow companies.BeijingArtificial IntelligenceHealthcare & BiotechSaaS & Enterprise128 deals

Cowin VentureCowin Venture is an angel and early-stage investor in TMT and Healthcare.BeijingBiotech & PharmaHealthcare & BiotechMedTech & Medical Devices120 deals

ABC CapitalABC Capital is one of the earliest asset management companies specialized in private equity and venture capital investment in China.ShanghaiHardware & Deep TechSaaS & EnterpriseClimate & Energy119 deals

Haibang CapitalHaibang Capital is an investment company focusing on venture capital and private equity.HangzhouHealthcare & BiotechClimate & EnergyHardware & Deep Tech113 deals

Tisiwi VenturesTisiwi Ventures is an investment firm.HangzhouArtificial IntelligenceSaaS & EnterpriseE-commerce & D2C112 deals

Alibaba Capital PartnersAlibaba Capital Partners is the investment arm of Alibaba Group.HangzhouArtificial IntelligenceE-commerce & D2CSaaS & Enterprise109 deals

Delian CapitalDelian Capital specializes in the field of tech-driven industry such as high-end manufacturing, cutting-edge technologies, and healthcare.BeijingArtificial IntelligenceHealthcare & BiotechBiotech & Pharma100 deals

Fosun InternationalFosun International Co., Ltd. is an innovation-driven household consumer industry group.Shanghai100 deals

Fosun RZ CapitalFosun RZ Capital invests in all the stages of a company's development from the early start- Up to IPO.BeijingArtificial IntelligenceHardware & Deep TechSaaS & Enterprise100 deals

Kinzon CapitalKinzon Capital is a Chinese venture capital firm specialized in early- and expansion-stage, and growth capital investments.BeijingArtificial IntelligenceRobotics & AutomationHardware & Deep Tech100 deals

Longding InvestmentLongding Investment is a venture capital fund.ShenzhenHardware & Deep TechQuantum & SemiconductorsClimate & Energy100 deals

Chengwei CapitalChengwei Ventures is a venture capital firm.ShanghaiManufacturing & IndustrialSaaS & EnterpriseHealthcare & Biotech99 deals

Welight CapitalWelight Capital is an investment firm that invests in enterprise services, B2B, e-commerce, finance, education, new retail companies.ShenzhenE-commerce & D2CSaaS & EnterpriseFintech98 deals

V-CapitalV-Capital is supporting Chinese enterprises with transformation and upgrading by M&A or other strategic cooperative methods.ShanghaiHealthcare & BiotechMedia & ContentQuantum & Semiconductors92 deals

In CapitalIn Capital is a value-oriented, research-driven, independent-thinking venture capital firm.HangzhouArtificial IntelligenceRobotics & AutomationQuantum & Semiconductors90 deals

Taiyu InvestmentTaiyu Investment is an investment firm.BeijingHealthcare & BiotechMedTech & Medical DevicesBiotech & Pharma90 deals

Cybernaut Venture CapitalCybernaut Venture Capital is a Chinese investment fund that invests in early and growth stage companies in the financial service, education.HangzhouArtificial IntelligenceFintechHealthcare & Biotech82 deals

EFung CapitalShenzhen EFUNG Investment Management Enterprise is an institution that invests in professional biomedical industries.ShenzhenHealthcare & BiotechBiotech & PharmaMedTech & Medical Devices80 deals

Ferry Venture CapitalFerry Venture Capital is an early-stage venture capital firm focused on building companies in the new technology industry.ShanghaiArtificial IntelligenceSaaS & EnterpriseHardware & Deep Tech80 deals

Guangzhou Yuexiu Industrial Investment FundGuangzhou Yuexiu Industrial Investment Fund is a corporate investment arm of Yue Xiu Enterprises (Holdings) Limited.GuangzhouClimate & EnergyArtificial IntelligenceQuantum & Semiconductors80 deals

F&G VentureF&G Venture is a venture capital fund focused on companies with exponential growth in IT industries such as IT infrastructure.ShanghaiArtificial IntelligenceQuantum & SemiconductorsRobotics & Automation73 deals

Jinqiu CapitalJinqiu capital is a venture capital investment firm.BeijingArtificial IntelligenceRobotics & AutomationQuantum & Semiconductors68 deals

Jinqiu FundJinqiu Fund invests in biotechnology companiesBeijingArtificial IntelligenceHardware & Deep TechRobotics & Automation68 deals

Zhongke KechuangZhongke Kechuang is an investment firm that engaged in venture capital business.GuangzhouArtificial IntelligenceSaaS & EnterpriseHealthcare & Biotech67 deals

Long Hill CapitalLong Hill Capital Management is a venture capital firm investing in high growth technology and healthcare companies in China.ShanghaiHealthcare & BiotechDigital Health & HealthTechConsumer & Retail60 deals

GreatWall FundGreatWall Fund is an investment firm.ShenzhenHealthcare & BiotechMedTech & Medical DevicesQuantum & Semiconductors60 deals

Hiway CapitalHiway Capital is a venture capital fund management firm.GuangzhouHealthcare & BiotechClimate & EnergyHardware & Deep Tech60 deals

TriWise CapitalTriWise Capital is an investment firm that focuses on venture capital and M&A business.ShenzhenHealthcare & BiotechBiotech & PharmaMedTech & Medical Devices60 deals

Tunlan InvestmentTunlan Investment is an investment institution based in Zhejiang.HangzhouHardware & Deep TechHealthcare & BiotechE-commerce & D2C60 deals

ZJKF Capital ManagementZJKF Capital Management is a professional investment institution.Hangzhou53 deals

Chenhui Venture PartnersCHVC is an early-stage venture capital firm focused on enabling companies to leverage technology in making the world a better place.ShanghaiArtificial IntelligenceHardware & Deep TechQuantum & Semiconductors53 deals

ECC CapitalChina-US Cross-boarder venture capital firm that focuses on early-to-early growth stage investment in 2B Smart Technologies.BeijingArtificial IntelligenceQuantum & SemiconductorsRobotics & Automation53 deals

Gaoxin CapitalGaoxin Capital is investment institution focusing on the mid-to-late stage of the hard technology + consumption upgrade track.ChongmingHardware & Deep TechQuantum & SemiconductorsClimate & Energy52 deals

Huaou Equity InvestmentHuaou Equity Investment focuses on venture capital fund management and investment in start-up projects.HangzhouArtificial IntelligenceHealthcare & BiotechClimate & Energy52 deals

China RenaissanceChina Renaissance is an independent investment bank serving the financing needs of new economy entrepreneurs.Beijing51 deals

Eminence VenturesEminence Ventures is a venture capital firm.ShanghaiArtificial IntelligenceSaaS & EnterpriseFintech50 deals

Fibonacci VCFibonacci VC is a venture capital firm that invests in industrial Internet companies.ShenzhenManufacturing & IndustrialArtificial IntelligenceRobotics & Automation50 deals

Grains Valley Venture CapitalGrains Valley Venture Capital is a venture capital firm specializing in emerging industries.BeijingArtificial IntelligenceHealthcare & BiotechClimate & Energy50 deals

RC InvestmentsRC Investments focuses on venture capital and private equity investment.ShenzhenClimate & EnergyHardware & Deep TechManufacturing & Industrial50 deals

DFJ DragonFundDFJ DragonFund invests in early-stage, high growth, and centric technology companies.ShanghaiArtificial IntelligenceHealthcare & BiotechClimate & Energy43 deals

Sangel CapitalSangel Capital is a biomedical venture capital institution that provides healthcare and biotech investment solutions and services.ShenzhenHealthcare & BiotechBiotech & PharmaMedTech & Medical Devices43 deals

Jun Yuan CapitalJun Yuan Capital is a venture capital firm.BeijingSaaS & EnterpriseManufacturing & IndustrialClimate & Energy42 deals

Keytone VenturesKeytone is a China-focused venture capital fund. It was formed in 2008 when it acquired a portfolio of seven investments from KPCB.BeijingHardware & Deep TechSaaS & EnterpriseConsumer & Retail41 deals

GenBridge CapitalGenBridge Capital empowers the new generation of consumer opportunities.BeijingConsumer & RetailConsumer Goods (CPG)E-commerce & D2C40 deals

CTC CapitalCTC Capital is a leading venture capital firm focused in the semiconductor field.ShanghaiQuantum & SemiconductorsHardware & Deep TechArtificial Intelligence40 deals

Dingxin CapitalDingxin Capital is an investment management agency that specializes in equity investments.ShenzhenHealthcare & BiotechMedTech & Medical DevicesQuantum & Semiconductors40 deals

Shanghai Creation InvestmentShanghai Creation Investment is an international venture capital firm.ShanghaiHealthcare & BiotechMedTech & Medical DevicesBiotech & Pharma40 deals

Yanchuang CapitalYanchuang Capital is a venture capital firm.BeijingHealthcare & BiotechBiotech & PharmaMobility & Logistics40 deals

ZJU Joint Innovation InvestmentZJU Joint Innovation Investment is an innovative industrial investment institution.HangzhouClimate & EnergyQuantum & SemiconductorsArtificial Intelligence40 deals

Grit VenturesGrit Ventures is a venture capital fund focusing on the initial and growth period of the operating subjects in China and American markets.ShenzhenHardware & Deep TechArtificial IntelligenceQuantum & Semiconductors39 deals

Dingju InvestmentDingju Investment is an angel investment institution that helps on the success of early science and technology innovation projects.HangzhouArtificial IntelligenceClimate & EnergySaaS & Enterprise38 deals

Guanghe VCGuanghe VC is a venture capital firm.ShanghaiConsumer & RetailE-commerce & D2CGaming & Entertainment36 deals

Hike CapitalHike Capital specializes in sharing its expertise in strategic management with new entrepreneurs, and helping them gain insight.BeijingArtificial IntelligenceClimate & EnergyMobility & Logistics36 deals

ECO FundECO Fund is a principal investment firm.HangzhouClimate & EnergyManufacturing & IndustrialHardware & Deep Tech35 deals

HMC VenturesHMC Ventures focuses on A-round investment and focuses on financial technology and corporate services.HangzhouFintechSaaS & EnterpriseHealthcare & Biotech35 deals

Longmen CapitalLongmen Capital is a private equity firm focused on investing in the medical sector.ShenzhenHealthcare & BiotechBiotech & PharmaMedTech & Medical Devices35 deals

Jiuzhao CapitalJiuzhao Capital is an investment firm that invests in the fields of hard technology and big health.BeijingHardware & Deep TechHealthcare & BiotechArtificial Intelligence33 deals

Restone CapitalRestone Capital is an investment management organization focusing on smart energy, smart manufacturing and other fields.ShanghaiClimate & EnergyMobility & LogisticsManufacturing & Industrial33 deals

Sino Pacific CapitalSino Pacific Capital is an investment firm specializing in startup, preIPO, early, middle and late venture investments.ShenzhenManufacturing & IndustrialHardware & Deep TechHealthcare & Biotech33 deals

Harvest CapitalFounded by Mr. Alan Song Xiangqian, Harvest Capital focuses on investments in China's consumer retail sector with AUM more than US4bn.BeijingConsumer & RetailFood & BeverageFashion & Beauty30 deals

SUVCSUVC is an investment firm focused on early-stage investments.ShenzhenArtificial IntelligenceHealthcare & BiotechHardware & Deep Tech30 deals

ASBVASBV focuses on early and mid-term venture capital investments.ShenzhenHealthcare & BiotechBiotech & PharmaIoT & Connected Devices28 deals

36Kr36Kr is a China-based publishing and data company focused on the 'new economy'BeijingConsumer & RetailHealthcare & BiotechMedia & Content27 deals

Pan-Lin CapitalPan-Lin Capital primarily investing in tech startups at series pre-A and A rounds.ShanghaiHealthcare & BiotechBiotech & PharmaMedTech & Medical Devices25 deals

FountainBridge CapitalFountainBridge Capital is an emerging Venture Capital firm.XuhuiArtificial IntelligenceHealthcare & BiotechConsumer & Retail24 deals

Faxian Venture CapitalFaxian Venture Capital is an angel fund focused on early investment.Beijing23 deals

iVision VenturesiVision Ventures is a Chinese venture capital firm.BeijingArtificial IntelligenceRobotics & AutomationSaaS & Enterprise22 deals

Hangzhou Hi-Tech Investment Holdings GroupHangzhou Hi-Tech Investment Holdings Group provides incubation, innovation, and equity investment solutions for technology companies.Hangzhou22 deals

General Technology Venture CapitalGeneral Technology Venture Capital is an investment firm focused on domestic and overseas investments and M&A projects.BeijingHardware & Deep TechManufacturing & IndustrialHealthcare & Biotech21 deals

Honest CapitalSuzhou Dunhang Investment Management is a professional equity investment management institution registered in Suzhou Financial Town.HangzhouQuantum & SemiconductorsManufacturing & IndustrialHardware & Deep Tech21 deals

Thunderstorm VCThunderstorm VC is a professional organization for angel investment / venture investment in South China.GuangzhouArtificial IntelligenceRobotics & AutomationIoT & Connected Devices20 deals

Frontier CapitalFrontier Capital is an asset and investment management firm.BeijingSaaS & EnterpriseHealthcare & BiotechE-commerce & D2C19 deals

MilestoneMilestone is a principal investment firm.ShanghaiFintechCrypto & Web3Robotics & Automation19 deals

100

One CapitalOne Capital is a China-based private equity investment firm.ShenzhenConsumer & RetailHealthcare & BiotechManufacturing & Industrial19 deals

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Round Funded holds 192 active VC firms in China next to 60,000+ investors worldwide, each with the partner to write to, and the outreach to do it from your own inbox.

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How to pitch a VC firm in China

Open the firm's profile first: its stage focus, the sectors it actually funds and the size of round it usually joins. Then write to the partner who covers your space, with the traction and the ask in the first three lines. A fund that has done many deals in your sector this year is a warmer lead than a famous name that has not.

About this list

This list is part of Round Funded, an investor database and outreach platform for founders. It covers 60,000+ active VCs, angels, family offices and accelerators with verified contacts, lets you send pitches from your own Gmail, and includes a free Data Room for your raise. How this data is built.

Frequently Asked Questions

How many VC firms are there in China?

The Round Funded catalog lists 192 active venture capital firms in China, after excluding banks, lenders, wealth managers, insurers and real-estate vehicles. This page shows the top 100 by investments on record; the count updates as the catalog is refreshed.

How is this list ranked?

By the number of investments on record for each firm, then by how complete its profile is. It is a catalog ranking, not an editorial one: a fund with many recorded deals sits above a famous name with few.

How do I get in touch with a VC firm in China?

Every firm on this page links to its profile with stage and sector focus. Sign up to see the partner contact behind each firm and send your pitch from your own Gmail, with replies tracked on the Round Funded pipeline.

Are these firms actively investing?

The catalog is built from funds with recent investment activity and is re-checked continuously; each profile shows the investments on record. Read the firm's stage and sector focus before you write, since an active fund in the wrong sector is still a no.

What is Round Funded?

Round Funded is an investor database and outreach platform for startup founders. It lists 60,000+ active investors with verified contacts, filtered to recent investment activity, and lets founders send personalized pitches from their own Gmail, track replies, and share a free Data Room. Round+ starts at $99 per month with a 3-day trial.

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