Addor Capital

Addor Capital is a growth capital investment firm established in 2014 and located in Nanjing, China. The firm specializes in providing investment services by financing early-stage ventures and acquiring securities of various companies. Addor Capital focuses on a diverse range of sectors, including clean technology, health, new materials, advanced manufacturing, consumer services, cultural industries, and technology, media, and telecommunications. Its investment strategy encompasses seed-stage, early-stage, later-stage, and growth-stage companies, primarily within China.

Fan Liping

Founding Partner

Meng, Xiaoying

Investment Director

Wang Yinzhi

Partner

Jin Yi

Partner

Xue Yi

Senior Partner

Yuan Yaguang

Partner

Past deals in Shanghai

Summer Sprout Technology

Venture Round in 2025
Summer Sprout specializes in the research, development, and mass production of organic light-emitting diode (OLED) materials and technologies for display and lighting applications. Founded in 2017 and based in Mentougou, Beijing, the company aims to create a new generation of OLED materials with independent intellectual property rights. It is focused on becoming a comprehensive provider of OLED materials, thereby fostering advancements in the OLED display and lighting industries. The company's product offerings include various OLED materials, such as conductive doped materials and red and green light doped materials, which are designed to support diverse functional layers and emerging applications. Summer Sprout's materials have gained recognition from OLED panel manufacturers, allowing for mass production and supply, and have successfully challenged the dominance of foreign competitors in the market. The founding team comprises individuals from Tsinghua University and prominent industry companies, contributing to its innovative capabilities.

Nanoln

Private Equity Round in 2024
NanoLN specializes in the production of single-crystal lithium niobate and tantalate thin films, along with ultra-thin and flat wafers tailored to customer specifications. Founded in 2010 and based in Jinan, China, the company serves the optical crystal and semiconductor industries. Its products are utilized in creating integrated modulators compatible with CMOS voltages, novel filters, infrared detectors, terahertz devices, memory devices, transducers, sensors, and oscillators. In addition to its core offerings, NanoLN provides a range of services including ion implantation, wafer thinning, plasma-enhanced chemical vapor deposition, and wafer dicing. These capabilities enable customers to effectively utilize their wafers in various applications across electronics, industrial, and medical fields.

ICE Bioscience

Series B in 2023
ICE Bioscience Inc. is a contract research organization based in Beijing, China, specializing in preclinical research solutions for electrophysiology and early drug discovery services. Founded in 2010, the company focuses on the development of ion channel-related pharmaceuticals, particularly targeting the neuronal and cardiovascular systems. ICE Bioscience offers a range of services, including ion channel profiling, cardiac safety panels, brain slice screening, and various molecular biology applications. The company has established proprietary ion channel cell lines for both voltage-gated and ligand-gated channels. Additionally, it maintains a diverse platform for target-based panel screening, supporting drug discovery across multiple therapeutic areas such as immunology, oncology, and CNS diseases. ICE Bioscience is committed to enhancing the drug discovery process through effective communication and flexible collaboration models, aiming to identify and validate drug targets and streamline the progression from compound screening to preclinical candidate selection.

Suzhou Sushi Testing Group

Post in 2022
Suzhou Sushi Testing Group Co., Ltd. specializes in providing mechanical environmental test equipment and solutions. Founded in 1956 and headquartered in Suzhou, China, the company offers a comprehensive range of products designed to assess the reliability and quality of industrial products under various environmental conditions. Its product lineup includes electro-dynamic shakers, vibration test systems, shock testers, and multi-loading composite systems, among others. These tools are utilized across multiple industries such as aerospace, automotive, electronics, and shipbuilding to simulate conditions like vibration, shock, and temperature, ensuring that products can withstand real-world stresses. Formerly known as Suzhou Sushi Testing Instrument Co., Ltd., the company rebranded in August 2017 to reflect its expanded focus on high-end equipment manufacturing and reliability testing solutions.

ICE Bioscience

Series B in 2022
ICE Bioscience Inc. is a contract research organization based in Beijing, China, specializing in preclinical research solutions for electrophysiology and early drug discovery services. Founded in 2010, the company focuses on the development of ion channel-related pharmaceuticals, particularly targeting the neuronal and cardiovascular systems. ICE Bioscience offers a range of services, including ion channel profiling, cardiac safety panels, brain slice screening, and various molecular biology applications. The company has established proprietary ion channel cell lines for both voltage-gated and ligand-gated channels. Additionally, it maintains a diverse platform for target-based panel screening, supporting drug discovery across multiple therapeutic areas such as immunology, oncology, and CNS diseases. ICE Bioscience is committed to enhancing the drug discovery process through effective communication and flexible collaboration models, aiming to identify and validate drug targets and streamline the progression from compound screening to preclinical candidate selection.

Wuxi Si-Power Micro-Electronics

Series B in 2022
Wuxi Si-Power Micro-Electronics Co., Ltd., located in Wuxi, China, specializes in the development and sale of power management integrated circuit products. The company offers a diverse range of products, including AC/DC and DC/DC power management chips, as well as green power management solutions. These products are utilized across various applications, including smartphones, 5G communication adapters, small appliances, smart homes, smart meters, and automotive electronics. Wuxi Si-Power Micro-Electronics focuses on providing innovative solutions to meet the growing demand for efficient power management in modern technology.

Robustel Technologies

Series C in 2021
Guangzhou Robustel Technologies Co., Ltd. is the leading industrial IoT/M2M Hardware and Solution Provider. Since its establishment in 2010 in Guangzhou China, Robustel has been concentrating on providing Industrial GoRugged Cellular Routers, Gateways, Modems, Cloud Platform and E2E Solutions. To support global business in more than 100 countries, Robustel has established branches in Germany, Australia, Japan, Netherlands and Hong Kong. Robustel treats high quality products and services as our corporate DNA. For years, we have implemented ISO9001:2008 Quality Management system as a sophisticated approach of quality planning, quality control, quality assurance and quality improvement. Thanks for that, Robustel has successfully passed global certification, including CE, FCC, PTCRB, AT&T, IC, Rogers, GCF, RCM, IDA, NBTC, E13 etc. Robustel engages itself heavily in the global IoT/M2M development. For years, Robustel’s hardware & solutions have been widely recognized and deployed in various vertical segments, e.g. Smart Grid, Oil & Gas, Financial sector, Security & Surveillance, Industrial Automation, eHealth, etc. Meanwhile we have also worked very closely with leading mobile operators, e.g. AT&T, China Mobile, Deutsche Telekom, Rogers, SingTel, Teliasonera, Vodafone, etc. To provide customers “out-of-the-box” solutions for a large number of IoT/M2M use cases.

Saining Wangan

Series C in 2021
Nanjing Saining Information Technology Co., Ltd. (Saining Network Security) was founded in 2013 and is based in Nanjing. The initial squad was drawn from Tsinghua University's famed Blue Lotus Team. It has been nominated for the "Cyber Security World Cup" DEFCON CTF finals for five years in a row, and has the world's second best record. Saining Network Security is deeply involved in the military industry, serving various military units and military academies; serving world-class enterprises such as Huawei, ZTE, China Mobile, China Telecom, State Grid, Ping An Group, CETC, China Resources Group, and so on; and serving domestic top universities such as Tsinghua University, Nanjing University, Fudan University, Tianjin University, and so on.

GINFON

Series D in 2021
Ginfon is a manufacturer of high-end intelligent logistics equipment based in China. The company specializes in delivering logistics automation solutions and logistical data management services. By focusing on advanced logistics machinery and control systems, Ginfon aims to enhance the efficiency and reliability of the domestic logistics network across various industries.

Xie Zhu Technology

Series B in 2021
Xie Zhu Technology is a prominent service provider in China specializing in smart hotels and intelligent environments. The company offers a comprehensive suite of solutions that combine intelligent hardware and software to facilitate the transformation of hotels and apartments into technologically advanced spaces. By utilizing a platform-based approach, Xie Zhu Technology enhances hotel operations through innovative installations, including its industry-leading guest control system that requires no wiring or continuous power supply. This service enables the integration of various device controls and customizable scenarios, ultimately enhancing customer experiences with increased comfort, convenience, and personalization. Through its retrofit solutions, Xie Zhu Technology aims to improve hotel revenues and overall customer satisfaction.

Pengda

Series A in 2020
Zibo Pengda Environmental Protection Technology Co., Ltd. is a manufacturer based in Zibo, China, specializing in carbon-based materials and purification agents. Founded in 2012, the company focuses on the production, research and development, and sales of multifunctional activated carbon and other adsorption materials. These products are utilized in various applications, including water, air, and gas purification, as well as in sectors such as the coal chemical industry, oil vapor recovery, and sewage disposal. Pengda is committed to providing effective pollution control solutions, helping clients mitigate environmental impact through advanced technologies and services.

Enlink Cloud

Series B in 2020
Enlink Cloud specializes in developing cloud security solutions and enterprise services, focusing on zero trust architecture to enhance information security. The company provides a range of products aimed at protecting user applications and data access, including ENLINK CASB for user application security, ENLINK SSL VPN for remote access, and iConnector, a mobile remote publishing system. Enlink Cloud's offerings are designed to meet the security needs of various sectors, including government, finance, education, and energy. By integrating application access security protection through its EnsBrain, EnsGateWay, and EnsClient components, Enlink Cloud ensures secure organizational accounts and data transmission. The company is headquartered in Nanjing, China.

Jilin Haoyuan Forestry Planning and Design

Series A in 2020
Jilin Haoyuan Forestry Planning and Design Co., Ltd., founded in 2012 and based in Changchun, China, specializes in geographic information data services. The company offers a range of services including landscape surveying, mapping, planning, and design. Utilizing core technologies such as Geographic Information Systems (GIS), Building Information Modeling (BIM), and Engineering Research (ER), Jilin Haoyuan also develops software and maintains a comprehensive database on geographical data. Its offerings include engineering consulting, engineering survey and design, and comprehensive planning across various sectors, including land, agriculture, and water conservancy. The company also features software platforms for BIM-GIS integration and point cloud processing, enhancing its capabilities in the field.

iQIYI Smart Technology

Series A in 2019
Chongqing iQiyi Smart Technology Co., Ltd. specializes in virtual reality technology innovation and operates within the video entertainment sector. Founded in 2017 and based in Beijing, the company develops an array of products that integrate content with hardware, emphasizing advancements in virtual reality (VR), artificial intelligence (AI), and smart technologies. iQIYI Smart Technology offers a range of VR solutions, including an all-in-one VR machine and various headset models designed for immersive experiences. Their products enable users to enjoy virtual reality films, television shows, and games on mobile devices and other display platforms, catering to leisure and entertainment needs.

iSoftStone (Isstech)

Series A in 2019
iSoftStone is China's leading smart city technology service and operator. Focus on the use of emerging technologies such as big data, cloud computing, Internet of Things, artificial intelligence, etc., based on urban development needs, precipitating urban data, providing integrated design, construction and operation services for digital and intelligent cities in China.

Thousand Oaks Biopharmaceuticals

Series A in 2019
Thousand Oaks Biopharmaceuticals, Inc., established in 2017 and headquartered in Haimen, China, specializes in contract development and manufacturing services for the biotechnology industry. The company focuses on developing technologies to produce protein and vaccine compounds, offering integrated control solutions that optimize processes, increase protein expression, and reduce production scale. Thousand Oaks provides personalized, chemically defined cell culture media, formula production, technical support, and ancillary services to its clients in the biopharmaceutical sector.

Zhejiang UE Medical

Funding Round in 2018
Zhejiang UE Medical Corp. is a Chinese company specializing in the research, development, manufacturing, sale, and servicing of visual medical devices, both domestically and internationally. Founded in 2010 and headquartered in Taizhou, the company offers a range of products, including disposable and reusable adult video laryngoscopes, pediatric video laryngoscopes, video intubation stylets, and flexible intubation video scopes. Formerly known as Taizhou Hanchuang Medical Apparatus Technology Co., Ltd., it rebranded to its current name in December 2013, reflecting its focus on advancing visualized medical technology.

Leaper Technology

Series A in 2018
Leaper Technology specializes in machine vision industrial inspection solutions, focusing on the development and research of computer vision technology. The company addresses inquiries from its customers through various channels, including phone, email, and online applications. Leaper Technology aims to provide innovative inspection solutions tailored for major industries in China, enhancing the efficiency and accuracy of material and equipment inspections.

Chezhibao

Series D in 2018
Chezhibao, founded in 2012 and operating under Jiangsu Car Home Bao Information Technology Co., Ltd., is a leading online platform for second-hand car transactions in China. It streamlines the car-trading experience by offering an advanced e-commerce network that facilitates vehicle auctions. The platform provides a comprehensive ecosystem that includes services such as secure payment, logistics, and distribution, enabling buyers and sellers to engage in seamless transactions. Chezhibao caters to a wide range of customers, including automobile manufacturers, dealers, second-hand car operators, and individual car owners, ensuring a convenient and efficient process for all parties involved.

Joy Pictures

Series B in 2018
Joy Pictures is an entertainment company established in 2014, specializing in film and television marketing, distribution, and content development. The company has gained recognition for its comprehensive approach to creating, distributing, and licensing various forms of entertainment, both in mainland China and internationally. Over the years, Joy Pictures has expanded into a multinational corporation with subsidiaries in Japan and the United States, focusing on local production and project packaging. In addition to its core film and television services, the company is involved in diverse business areas, including music, talent management, merchandising, and location-based entertainment. Joy Pictures also operates independent subsidiaries, such as Joy Sounds and Joy Education, enhancing its ability to deliver high-quality entertainment products to audiences.

GINFON

Series A in 2018
Ginfon is a manufacturer of high-end intelligent logistics equipment based in China. The company specializes in delivering logistics automation solutions and logistical data management services. By focusing on advanced logistics machinery and control systems, Ginfon aims to enhance the efficiency and reliability of the domestic logistics network across various industries.

ImbaTV

Series C in 2018
ImbaTV is a platform dedicated to the distribution of video content related to gaming, catering specifically to game enthusiasts. It operates an online service that provides live broadcasts of competitive video gaming, allowing users to engage in online gaming contests. Based in China, ImbaTV focuses on delivering a rich array of game-related video content, creating a vibrant community for gamers to connect and participate in various gaming events.

Dianmi Technology

Series A in 2017
Dianmi Technology, established in 2015, is a leading provider of human resources technology and services in China. The company offers a comprehensive range of human resources solutions, including personnel agency, outsourcing services, labor dispatch, payroll services, and human resources legal affairs. With service outlets spanning 241 cities and regions across the country, Dianmi Technology manages and services over 130,000 employees. Additionally, the company develops human resources management software that assists organizations in managing employee onboarding and exit processes, insurance contributions, benefits, and performance measurement, enabling enterprises to implement standardized HR practices effectively.

Yanwen Express

Series B in 2017
Beijing Yanwen Logistics Co., Ltd, established in 1998 and headquartered in Beijing, China, is a specialized logistics company providing freight forwarding and logistics services. The company focuses on serving e-commerce businesses by offering tailored international logistics solutions. Yanwen is equipped to handle a wide range of shipments, from small packages to larger goods, utilizing various modes of transportation including aircraft, trains, and automobiles. The firm emphasizes professional transport management to meet the diverse needs of its customers, supported by approvals from relevant government departments.

Yeecall

Series A in 2017
YeeCall Network Limited is a software company based in China that specializes in social networking applications. The company has developed the YeeCall messenger app, which facilitates video and voice calling, as well as free calls and messaging services. Additionally, the app supports location sharing and chatting functionalities, aimed at enhancing user communication and connectivity.

Travelzen.com

Series C in 2016
Travelzen Group Limited is an online travel platform that serves both end users and travel trade partners globally. Founded in 2007 and headquartered in Hong Kong, the company offers a comprehensive range of services, including flight and hotel bookings, as well as business and event packages. Its platform integrates travel products and utilizes advanced algorithms to streamline the booking process, making it easier for small and medium-sized tourism operators to access and procure solutions. Travelzen expanded its reach significantly in 2011 by merging with Shanghai Ever Bright Town Intl Travel Service Co., Ltd., enhancing its resource integration and distribution capabilities. With offices across major cities in China, Taiwan, Singapore, and Australia, Travelzen has established a robust supply chain and diverse product offerings to meet the needs of travelers worldwide.

Hangzhou DAC Biotech Co.

Angel Round in 2015
Hangzhou DAC Biotech Co., Ltd. is a biotechnology company established in 2012 and located in Hangzhou, China, specializing in the development of cancer treatment drugs. The company offers an antibody-drug conjugate (ADC) platform that features over 50 innovative linkers for site-specific conjugation, along with five series of high-activity small molecule compounds that function through various mechanisms. Hangzhou DAC Biotech also excels in antibody discovery, engineering transformation, and optimizing production processes. Additionally, the firm provides comprehensive services including in vivo and in vitro evaluations of ADC drugs, drug structure confirmation, and the development and verification of analytical methods.

ImbaTV

Series B in 2015
ImbaTV is a platform dedicated to the distribution of video content related to gaming, catering specifically to game enthusiasts. It operates an online service that provides live broadcasts of competitive video gaming, allowing users to engage in online gaming contests. Based in China, ImbaTV focuses on delivering a rich array of game-related video content, creating a vibrant community for gamers to connect and participate in various gaming events.

Chezhibao

Series B in 2015
Chezhibao, founded in 2012 and operating under Jiangsu Car Home Bao Information Technology Co., Ltd., is a leading online platform for second-hand car transactions in China. It streamlines the car-trading experience by offering an advanced e-commerce network that facilitates vehicle auctions. The platform provides a comprehensive ecosystem that includes services such as secure payment, logistics, and distribution, enabling buyers and sellers to engage in seamless transactions. Chezhibao caters to a wide range of customers, including automobile manufacturers, dealers, second-hand car operators, and individual car owners, ensuring a convenient and efficient process for all parties involved.

Log56.com

Series A in 2015
Log56.com, operating under Logory Logistics Technology Co Ltd, is a logistics information service provider based in China. The company specializes in offering comprehensive digital freight services and solutions designed for various stakeholders in the freight industry, including logistics companies, cargo owners, and truckers. Their services cater to both inter-city and intra-city road freight transportation, streamlining operations and enhancing efficiency across the logistics sector.

BAIXIANG NEW TECHNOLOGY

Series A in 2012
Beijing Baixiang New Technology Co.,Ltd was established in January of 2005 which located in Zhongguancun Avenue,Haidian District of Beijing.The factory located in Pinggu development Zone,about 2000 square meters.
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