Cowin Capital

Cowin Capital is a private equity investment firm based in Shenzhen, China, specializing in the long-term investment of small and medium enterprises. Founded in 2000, the firm has extensive experience in capital management, having invested in over 300 companies, with more than 60 achieving public status and 150 successfully exiting. Cowin Capital focuses on sectors such as healthcare, technology, telecommunications, energy conservation, and environmental protection. The firm manages several venture capital funds that target a range of industries, including business services, consumer products, and high-end equipment manufacturing. By supporting innovative enterprises, Cowin Capital aims to foster growth and contribute to the development of high-quality listed companies within the Chinese capital market.

Li Chao

Partner

Kai Chen

Partner

David Ding

Managing Partner

Dong Ming

Hangzhou Area Partner

Peng Qian

Risk Control Partner, Interlayer Business Partner

Zhongcheng Tang

Managing Partner

Ziping Tong

Partner

Zheng Weihe

Founding Partner and Chairman

Cai Weiliang

Partner

Yanbin Xi

Partner

Yang Xiaomin

Managing Director

Duan Yao

US Dollar Fund Partner

Zhang Wenjun

Partner

Zhang Yiwei

Partner

Peng Zhang

Partner

Alex Zheng

Founding Partner and Board Chairman

Past deals in Hardware

Hengpujiguang

Series A in 2022
Harbin Hengpujiguang Applied Technology Co., Ltd. manufactures industrial equipment. The company was founded in 2013 and is based in Harbin, China.

Hypersics

Series A in 2021
Hypersics Semiconductor Co Ltd, a semiconductor company, engages in the research, development, and industrialization of 6-inch silicon carbide substrates. The company is based in Yizheng, China.

Jihai Technology

Series A in 2021
Jihai Technology is an e-commerce platform providing smart devices like smart home cleaning tools, auto accessories, and smart gadgets.

Comwin Automation

Series B in 2021
ShenZhen Comwin Automation Technology Co., Ltd. designs and manufactures semiconductor packaging and manufacturing equipment. The company is based in Shenzhen, China.

Jihai Technology

Angel Round in 2021
Jihai Technology is an e-commerce platform providing smart devices like smart home cleaning tools, auto accessories, and smart gadgets.

JingxunSoft

Series B in 2019
Shenzhen Jingxun Software Communication Technology Co., Ltd. manufactures Internet of things (IoT) based wireless audio and lighting chips and devices. The company offers a bluetooth chip, BLE SIG Mesh, for lamp and electronic products; bluetooth audio chips; and SIG Mesh lighting and electrical products. The company offers a Jingxun application, which allows the users to control lighting through cloud connection with artificial intelligence (AI) based devices. The company was founded in 2003 and is headquartered in Shenzhen, China.

Snapmaker

Seed Round in 2019
Snapmaker Inc., founded in 2016 and based in China, offers an integrated platform that enables users to create through 3D printing, laser engraving, and CNC carving. The company designs modular 3D printers that transform desktop spaces into versatile workshops. These all-metal printers are user-friendly for beginners while remaining expandable for more experienced makers. By providing an accessible and affordable solution, Snapmaker empowers individuals to engage in creative projects with ease.

Lihexing

Funding Round in 2019
Shenzhen Lihexing Co., Ltd. is a manufacturer specializing in flexible industrial automation equipment. Founded in 2006 and based in Shenzhen, China, the company produces a range of products, including universal film machines, laminating machines, and customized equipment. Lihexing's technology is primarily utilized in the detection and manufacturing processes for mobile smart terminals and network infrastructure devices. The company serves notable clients such as Huawei, Foxconn, TCL, and Canon, highlighting its presence in the competitive automation industry. In November 2014, it rebranded from its former name, Shenzhen Lihexing Electromechanical Technology Co., Ltd.

Huaqiang PCB

Series B in 2018
Huaqiang PCB is a E-commerce Start up Based in Shenzhen.

Thunderobot

Series C in 2017
Qingdao Thunderobot Technology Co., Ltd. is a Chinese company founded in 2014, specializing in the design, research and development, production, and sales of gaming hardware products. Based in Qingdao, the company manufactures a range of gaming equipment, including gaming laptops, desktops, keyboards, monitors, and various peripheral accessories. Thunderobot focuses on creating high-performance products tailored to the needs of gamers, aiming to enhance the gaming experience through innovative technology and design.

Innoplay

Series A in 2015
Producer of gaming peripherals intended for smart home entertainment and education. The company provides smart toys, music education device and smart interactive games for families, enabling parents to enjoy a fun interactive experience with kids.

DXY Tech

Series A in 2012
DXY Technology Co., Ltd. is an independent design house and distributor based in Shenzhen, China, specializing in semiconductor chips, software solutions, and product designs. Established in 2008, the company serves a diverse range of industries in the Asia Pacific region, including wireless communications, Internet of Things (IoT), security surveillance, electric metering, automotive electronics, and renewable energy. DXY operates through multiple sales offices across major cities in China, including Shanghai, Beijing, and Hong Kong. As of 2014, it functions as a subsidiary of Wuhan P&S Information Technology Co., Ltd.

Shenzhen Horn Audio

Series A in 2011
Shenzhen Horn Audio Co., Ltd. designs, develops, and manufactures acoustic products worldwide. Its audio products comprise gaming headsets, speakers, earbuds, microphones, drivers, and cables. The company also provides ODM/OEM services. Its products are used in various applications, which include smart phones, tablets, laptops, gaming devices, computer peripherals, and other consumer electronics products. The company was formerly known as Shenzhen Horn Electroacoustic Technology Co., Ltd. Shenzhen Horn Audio Co., Ltd. was founded in 2001 and is headquartered in Shenzhen, China.
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