Cowin Capital

Cowin Capital, established in 2000, is a Shenzhen-based private equity firm specializing in early-stage investments. With 18 years of experience, it focuses on supporting the growth of small and medium enterprises, primarily in the energy, communication, electronics, and environmental protection sectors. Cowin Capital takes a long-term approach, aiming to create value through strategic partnerships and operational support. It has successfully invested in over 300 companies, with 60 becoming publicly listed and 150 achieving successful exits. Notably, Cowin Capital was one of the first venture capital institutions to be listed on the New Third Board (NEEQ) in China.

Cai Weiliang

Partner

Ding Baoyu

Managing Director, Partner

Dong Dongdong

Partner

Duan Yao

US Dollar Fund Partner

Huang Li

Founding Partner and CEO

Past deals in Technology

Geosophon

Series A in 2025
Geosophon delivers AI-enabled consulting and digital transformation services focused on spatiotemporal data. It develops digital governance solutions and modeling capabilities that combine geographic location and time to support smarter decision making and optimized management of digital and physical spaces. The company applies these capabilities to traditional industries, including environment, marine, mining and natural resources, offering industry-specific analytics and transformation programs.

Zhongke Hangxin

Series A in 2025
Zhongke Hangxin is a high-precision inertial navigation technology and product developer, focusing on fifth-generation inertial devices and system industrialization services.

Siny Optic-com

Venture Round in 2025
Siny Optic-Com Co. is an optical networking company specializing in the development, manufacturing, and sale of optical isolators and fiber interface components. The company's product portfolio includes a range of optoelectronic components designed for applications in broadband, telecommunications, fiber-to-the-x (Fttx) networks, data centers, security monitoring, and smart grid technologies. Siny Optic-Com also produces precision structural parts, including metal and ceramic components, as well as permanent magnet materials. By providing these advanced optical components, the company enables its customers to enhance network efficiency and promote environmentally sustainable communication solutions.

Snapmaker

Series B in 2025
Snapmaker is a China-based hardware company that develops an integrated platform for rapid prototyping and fabrication, combining 3D printing, laser engraving, and CNC carving in modular, all-metal machines. Founded in 2016, the company designs modular 3D printers that can be converted into CNC machines or laser cutters and engravers, aiming to turn desktops into small-scale workshops. The printers are described as easy to use for beginners and expandable for makers, offering affordable, convenient capabilities for creating objects and prototypes.

Gooxi

Series A in 2024
Gooxi is a hardware manufacturer specializing in designing and producing server hardware for industrial clients. Its product portfolio includes server chassis, motherboards, complete machines, and software like BIOS and BMC, catering to diverse sectors such as artificial intelligence, cloud computing, data centers, and cloud storage. The company is dedicated to research and development, production, sales, and service, making it one of the few hardware manufacturers in its field.

Physcience Golden Silicon New Material Technology

Venture Round in 2024
Physcience Golden Silicon New Material Technology is a technology-driven company that develops and manufactures silicon-based anode materials for lithium batteries.

Lianjie Technology

Seed Round in 2024
Lianjie Technology is a semiconductor material company that provides integrated circuit chip and product manufacturing services.

Qingchuan Intelligent Technology

Series A in 2024
Qingchuan Intelligent Technology is a high-tech enterprise that develops and manufactures robot servo drives, motors, and control products. It specializes in the research, development, and production of these components, catering to advanced robotics and intelligent equipment applications. The company offers a range of solutions, including servo drives, servo motors, robotic control systems, integrated mechanisms, and smart equipment, tailored to diverse customer needs.

Apex Laser

Seed Round in 2024
Apex Laser is a company that focused on the research and development of semiconductor laser equipment that offers laser processing solutions for materials that are ultra-thin, ultra-hard, brittle, flexible, or composite.

Bytetree

Seed Round in 2024
Bytetree is a technology company that focuses on providing the one-stop AI data services for data collection, cleaning, labeling, management, and storage for OEMs and autonomous driving solution providers, covering bicycle intelligence. , vehicle-road coordination, and smart cockpit three scenarios.

Dingtai Jiachuang

Series A in 2024
Dingtai Jiachuang is a high-tech enterprise that specializes in the research and development, manufacturing, and sales of testing equipment for power electronic products, particularly in the new energy sector. The company offers a range of solutions, including automatic production systems, energy-saving aging electronic loads, and customized aging test systems. By focusing on innovation and reliability, Dingtai Jiachuang aims to meet the needs of its customers in the evolving landscape of new energy technologies.

Shifan Microelectronics

Seed Round in 2024
Shifan Microelectronics offers intelligent display SOC chip design and development services. Shifan Microelectronics is primarily concerned with the research and development of display processing and device technologies.

Xinge Smart Video

Venture Round in 2024
Xinge Smart Video specializes in providing advanced video streaming solutions aimed at government and corporate clients. The company focuses on the connection, management, calculation, and utilization of video resources, leveraging big data solutions to enhance operational efficiency. Xinge Smart Video supports the implementation of emerging technologies such as 5G and smart city initiatives, enabling organizations to improve their business processes and overall effectiveness. Through its innovative services, the company addresses the evolving needs of clients in a rapidly changing technological landscape.

MatriBox

Seed Round in 2024
MatriBox is a supplier specializing in edge control systems and solutions for industrial automation. It designs, develops, and manufactures high-performance controllers and industrial network IO products, integrating information to facilitate cloud-edge-device collaboration. The company offers comprehensive services including whole-plant automation and digital project implementation to assist clients in their industrial digital transformation efforts.

Parkson Optoelectronics

Venture Round in 2024
Parkson Optoelectronics is a manufacturer and provider specializing in cold processing services for hard and brittle materials, particularly within the electronics industry. The company focuses on the research and development of various optical glass products, including high-end piezoelectric crystals, blue glass for camera filters, glass-ceramic covers for mobile phones, and periscope prisms used in mobile phone cameras. By delivering industry-leading standard products, Parkson Optoelectronics aims to meet the evolving needs of its clients in the technology sector.

Lianying New Energy

Series A in 2024
Lianying New Energy focuses on the design, development, and manufacturing of connection systems for new energy vehicles, as well as energy storage thermal management systems and ultra-high-voltage thermal management systems. The company emphasizes a commitment to technological leadership and innovation, prioritizing independent research and development of new technologies and products. Lianying New Energy aims to provide clients with solutions that promote energy savings and reduce emissions, aligning with the growing demand for sustainable energy solutions in the automotive industry.

ACXEL

Series A in 2024
ACXEL Tech specializes in developing advanced large-area electronics that enable innovative applications in drug discovery and biological research. The company's proprietary digital microfluidic platform utilizes millions of 'active' pixels to manipulate liquid droplets with high precision and speed. This technology serves as a programmable and cost-effective solution for various applications, including fundamental bio-related research, cell line development, cell therapy, synthetic biology, and antibody therapy. By allowing clients to conduct complex experimental procedures at the single-cell level, ACXEL enhances productivity and efficiency within the fields of chemistry, biology, and medtech.

Pregis New Materials

Series A in 2023
Pregis New Materials is a cold chain technology company that specializes in providing solutions for the safe transportation of biomedical products. The company develops advanced cold-chain logistics products that incorporate dual carbon and temperature control solutions. Utilizing Internet of Things (IoT) technology, Pregis New Materials offers real-time temperature monitoring and control, ensuring that products remain within designated temperature ranges during transit. Additionally, the company focuses on the use of durable materials for temperature control, enhancing the efficiency and safety of transporting sensitive goods. Through its innovative offerings, Pregis New Materials aims to meet the growing demands of clients in various industries requiring reliable cold chain logistics.

Sinsegye

Series A in 2023
Sinsegye is a product-driven enterprise that specializes in industrial control supercomputing infrastructure. The company develops and provides industrial intelligence computers and software aimed at enhancing industrial automation and intelligence. Its offerings are tailored to advanced manufacturing, high-end equipment manufacturing, new energy, and industrial IT innovation sectors. By focusing on these areas, Sinsegye seeks to transform the current landscape of industrial computing, equipping users with the tools necessary for modernization and efficiency in their operations.

Sermatec Energy

Series C in 2023
Sermatec Energy is a manufacturing company specializing in energy storage solutions tailored for commercial and industrial sectors. The company develops hybrid inverters and lithium batteries, utilizing advanced control technology to enhance security and operational efficiency. Its product offerings include battery management systems, energy management systems, and energy storage bidirectional converters, all designed to optimize power systems. By focusing on security, standards, and service, Sermatec Energy provides comprehensive solutions that meet the evolving needs of the energy market, enabling customers to improve their energy management capabilities.

Hoverwing

Angel Round in 2023
HoverWing Technology specializes in the development and manufacturing of large-load unmanned helicopters, primarily for emergency rescue and maintenance transportation. These drones, capable of carrying heavy payloads, cater to various industries such as military, material transportation, electric power, and petroleum, offering cost-effective, high-performance, long-range solutions.

SiRun

Series A in 2023
SiRun is a provider and operator of Internet of Vehicles system services, specializing in the integration of technology within the automotive sector. The company has extensive experience in facilitating communication between car manufacturers and vehicle owners through its innovative platform. SiRun's core offerings include intelligent networked cloud control systems, a comprehensive big data platform, and vehicle networking communication terminals. These products enhance the interaction between car owners and their vehicles, thereby improving user experience and service quality. By leveraging advanced technology, SiRun aims to strengthen the service capabilities and brand influence of automotive manufacturers.

Anpaixin

Series A in 2023
Anpaixin manufactures thin-film lithium niobite photonic circuits and optical engines.

Physcience Golden Silicon New Material Technology

Series A in 2023
Physcience Golden Silicon New Material Technology is a technology-driven company that develops and manufactures silicon-based anode materials for lithium batteries.

Wonsor

Venture Round in 2023
Wonsor is a developer and manufacturer specializing in automatic precision detection technology, offering a range of professional detection solutions and chip-based products. The company leverages advanced technologies, including precision optical technology, embedded systems, image processing, and artificial intelligence, to create smart sensor products. Its product lineup includes displacement sensors, 3D sensors, and laser radar, aimed at providing industrial users with high-quality detection solutions tailored to their needs.

Bytetree

Angel Round in 2023
Bytetree is a technology company that focuses on providing the one-stop AI data services for data collection, cleaning, labeling, management, and storage for OEMs and autonomous driving solution providers, covering bicycle intelligence. , vehicle-road coordination, and smart cockpit three scenarios.

Sinsegye

Seed Round in 2023
Sinsegye is a product-driven enterprise that specializes in industrial control supercomputing infrastructure. The company develops and provides industrial intelligence computers and software aimed at enhancing industrial automation and intelligence. Its offerings are tailored to advanced manufacturing, high-end equipment manufacturing, new energy, and industrial IT innovation sectors. By focusing on these areas, Sinsegye seeks to transform the current landscape of industrial computing, equipping users with the tools necessary for modernization and efficiency in their operations.

Yuanxin Semiconductor

Angel Round in 2023
Yuanxin Semiconductor is a high-performance analog chips and third-generation semiconductor chip suppliers.

MatriBox

Seed Round in 2023
MatriBox is a supplier specializing in edge control systems and solutions for industrial automation. It designs, develops, and manufactures high-performance controllers and industrial network IO products, integrating information to facilitate cloud-edge-device collaboration. The company offers comprehensive services including whole-plant automation and digital project implementation to assist clients in their industrial digital transformation efforts.

Hengchuang Precision

Series B in 2023
Hengchuang Precision is a manufacturer and supplier specializing in connector hoses and hose fittings for hydraulic equipment. The company is dedicated to the research, development, production, and sales of various fluid connection hose assemblies, ensuring a reliable and stable supply for its clients. Hengchuang Precision emphasizes continuous investment in scientific research and adheres to a development strategy that prioritizes product branding, industrial scale, marketing network, staff expertise, management modernization, and international image enhancement.

Zhongke Hangxin

Seed Round in 2023
Zhongke Hangxin is a high-precision inertial navigation technology and product developer, focusing on fifth-generation inertial devices and system industrialization services.

Tangshi Technology

Angel Round in 2023
Tangshi Technology is a platform for research and development for carbon-based materials. It helps in creation, and use of conductive agents and negative electrode materials.

Evolusia

Venture Round in 2023
Evolusia specializes in the R&D and production of substrates for cutting-edge semiconductor materials like gallium oxide, a fourth-generation semiconductor.

Shanhai Semiconductor

Series A in 2023
Shanhai Semiconductor is a high-performance digital-analog hybrid and signal chain chip developer.

McGrab

Series A in 2023
McGrab provides magnetic energy industry development technology and equipment services. Their products include charging and demagnetizing equipment and magnetization automation equipment. Their product application fields cover new energy vehicle drive motors, industrial automation, strategic development industries, and emerging industries.

Shenzhen Sanrise Tech

Venture Round in 2022
Shenzhen Sanrise Tech designs and manufactures high-performance power semiconductors, specializing in MOSFET chips. The company develops MOSFET-based solutions and offers power modules and single-tube devices, including IGBTs, super-junction MOSFETs, SGT MOSFETs, and silicon carbide components, serving industrial and automotive applications.

Yaoxin Technology

Series C in 2022
Yaoxin Technology is a MEMS sensor chip provider specializing in power devices, smart sensors, and signal chain ICs.

Chilye

Venture Round in 2022
Chilye is a company specializing in high-power electronic components and high-voltage connectors, primarily for the new energy vehicle sector. It offers a range of products including power distribution units, manual service disconnectors, charging and swapping connectors, and portable charging equipment. Chilye is dedicated to advancing the development of high-voltage electrical units aimed at supporting alternative energy vehicles. Through its focus on technical research and development, the company provides comprehensive solutions for complete vehicle systems, catering to the growing demand for innovative technologies in the electric vehicle market.

Sinsegye

Seed Round in 2022
Sinsegye is a product-driven enterprise that specializes in industrial control supercomputing infrastructure. The company develops and provides industrial intelligence computers and software aimed at enhancing industrial automation and intelligence. Its offerings are tailored to advanced manufacturing, high-end equipment manufacturing, new energy, and industrial IT innovation sectors. By focusing on these areas, Sinsegye seeks to transform the current landscape of industrial computing, equipping users with the tools necessary for modernization and efficiency in their operations.

Tongyu Automotive

Series A in 2022
Tongyu Automotive is a developer of intelligent driving systems focused on the emerging autonomous driving industry. The company specializes in the research and development of next-generation control-by-wire technologies, which are essential for intelligent and electrified vehicles. Its product offerings include brake-by-wire systems, steering-by-wire systems, braking energy recovery systems, and advanced driver assistance systems. Through its innovative solutions, Tongyu Automotive aims to meet the evolving demands of modern automotive technology, contributing to the advancement of vehicle intelligence and electrification.

DCbrain

Venture Round in 2022
DCbrain is a deep-tech SaaS company that provides an optimization platform for the energy and supply chain sectors. The platform uses artificial intelligence and hybrid AI techniques to address complex network configurations, combining a visualization interface with a predictive analytics toolbox to help clients identify anomalies, prevent incidents, and forecast the future evolution of their networks. The solution relies on graph-based models and machine learning to ease operation and maintenance of industrial systems such as gas, water, electricity and logistics networks. Founded in 2014 and headquartered in Paris, DCbrain serves organizations seeking to optimize performance, reliability and resilience of their critical networks.

Huachen Core Light

Angel Round in 2022
Huachen Core Light is a semiconductor technology company that produces and manufactures optical communications and laser chips.

ACXEL

Seed Round in 2022
ACXEL Tech specializes in developing advanced large-area electronics that enable innovative applications in drug discovery and biological research. The company's proprietary digital microfluidic platform utilizes millions of 'active' pixels to manipulate liquid droplets with high precision and speed. This technology serves as a programmable and cost-effective solution for various applications, including fundamental bio-related research, cell line development, cell therapy, synthetic biology, and antibody therapy. By allowing clients to conduct complex experimental procedures at the single-cell level, ACXEL enhances productivity and efficiency within the fields of chemistry, biology, and medtech.

Kaadas

Series C in 2022
Kaadas is a comprehensive company specializing in the development, manufacturing, and sales of advanced locking systems, including biometrics-based smart locks designed for both residential and commercial properties. Headquartered in Shenzhen High-tech Park, China, Kaadas operates as a national high-tech enterprise, focusing on innovation and quality to enhance security and convenience for consumers globally. The company employs over 1,000 staff and boasts a vast network of terminal outlets worldwide, positioning itself among the top manufacturers in the security market. Through its commitment to craftsmanship and integrity, Kaadas aims to provide a comfortable and secure living experience for its customers.

PowerValue

Seed Round in 2022
PowerValue is a professional supplier of integrated circuit testing equipment and solutions, specializing in the semiconductor industry. The company has established itself as a national high-tech firm, leveraging advanced design and research capabilities to focus on the testing of integrated circuit chip wafers and finished products. PowerValue is committed to delivering comprehensive testing solutions that meet the evolving needs of its customers, while also ensuring exceptional after-sales support. Through the dedication of its founding team and the incorporation of technological advancements in the industry, PowerValue has experienced steady growth and recognition in its field.

YanRong Tech

Series A in 2022
Beijing Yanrong Technology Co., Ltd. is a high-tech enterprise specializing in software-defined storage technology. Founded in 2016 and based in Beijing, the company develops innovative cloud computing solutions, including unified storage, hyper-converged private cloud, and hyper-converged cloud desktop. Yanrong leverages its independent intellectual property rights in distributed storage to deliver high-performance, cost-effective solutions tailored to various industries such as finance, government, manufacturing, Internet of Things, smart transportation, broadcasting, and education. By focusing on personalized industry solutions, Yanrong aims to provide comprehensive products and services that meet the specific needs of its diverse clientele.

Wellgrow Technology

Series B in 2022
Wellgrow Technology is a company focused on the development of in vitro diagnostic medical equipment and reagents tailored for life sciences, clinical medical diagnostics, and food safety. The company is dedicated to advancing its research and development efforts, particularly in the creation of innovative fluorescence detection platforms and blood cell analysis technologies. Through these initiatives, Wellgrow Technology aims to enhance diagnostic capabilities and improve safety standards in various health-related fields.

QYSEA

Series B in 2022
Qysea specializes in the development of underwater robots and drones aimed at enhancing ocean exploration. The company creates unmanned underwater vehicles (UUVs) and related technologies designed for both recreational and industrial use, catering to film and sports enthusiasts as well as professionals. By utilizing innovative technology, Qysea aims to improve public understanding of the underwater world and its ecosystems. Additionally, the company is committed to building a marine content social platform that leverages virtual reality, live video, and interactive community features, allowing users to share their underwater experiences. With a focus on advancing key technologies and maintaining proprietary algorithms, Qysea supports the exploration and protection of ocean environments, ultimately inspiring a broader appreciation for the beauty and importance of marine life.

iView Therapeutics

Series A in 2022
iView Therapeutics, Inc. is a pharmaceutical company specializing in the development of topical drugs and medical devices across various therapeutic areas, including ophthalmology, dermatology, otolaryngology, and gynecology. Founded in 2015 by Bo Liang and John Baldwin, and headquartered in Doylestown, Pennsylvania, the company focuses on innovative treatments, particularly for viral conjunctivitis, utilizing its proprietary povidone iodine platform technology. This technology combines polyvinylpyrrolidone and iodine to create a potent disinfectant effective against a wide range of pathogens, including viruses, bacteria, fungi, and mold spores. iView Therapeutics' product line includes formulations such as povidone iodine slow-releasing eye drops, PVP-iodine sprays, and nasal irrigation solutions, aimed at addressing specific medical conditions while enhancing therapeutic outcomes.

Zhejiang Createlink(Chuanglin) Technology

Series A in 2021
Founded in 2016, Zhejiang Createlink Technology(also known as Zhejiang Chuanglin Technology) provides professional and high-quality services around graph database, graph service, and graph computation. Backed by an excellent team consisting of big data architects, database experts, data scientists, leading graph theory researchers, and experienced engineers, CreateLink independently developed its core product Galaxybase, a pure graph database from the ground up. Galaxybase enjoys a reputation for being the first domestic native, distributed, and massively parallel processing graph database for enterprises, and it holds a competitive advantage over similar products with regard to real-time CRUD operations across massive interconnected data. By storing data in nodes, edges and attributes with index-free adjacency, Galaxybase supports linked data analysis both effectively and efficiently. From the perspective of business, Galaxybase together with other graph technologies will facilitate rapid contextualization for decision-making in organizations worldwide. To date, CreateLink has created considerable revenues while at the same time saved large amounts of costs in hardware input for consumers, many of whom are top companies in industries like Finance, Internet, Energy, Governments, to name but a few. Creativity lies in the ability to connect the dots. CreateLink connect.

Laifu Technology

Series A in 2021
Laifu Technology is an intelligent middle-station for firms, through digital transformation with the help of software, and customer service.

Jade Bird Display

Series A in 2021
Jade Bird Display (Shanghai) Limited is a manufacturer based in Shanghai, China, specializing in the development and production of micro-LED display chips and panels. Founded in 2015, the company focuses on research and development to create the smallest, brightest, and most efficient micro-display solutions. Its products are designed for various applications, including augmented reality (AR), virtual reality (VR), head-up displays (HUD), projectors, weapon sights, 3D printing, and microscopes. By providing ultra-compact micro-display panels, Jade Bird Display enables original equipment manufacturers to enhance user experience in AR and VR hardware, offering improved comfort, outdoor readability, and extended operating times between charges. The company also maintains an office in Hong Kong to support its operations.

ACXEL

Seed Round in 2021
ACXEL Tech specializes in developing advanced large-area electronics that enable innovative applications in drug discovery and biological research. The company's proprietary digital microfluidic platform utilizes millions of 'active' pixels to manipulate liquid droplets with high precision and speed. This technology serves as a programmable and cost-effective solution for various applications, including fundamental bio-related research, cell line development, cell therapy, synthetic biology, and antibody therapy. By allowing clients to conduct complex experimental procedures at the single-cell level, ACXEL enhances productivity and efficiency within the fields of chemistry, biology, and medtech.

Hypersics Semiconductor

Series A in 2021
Hypersics Semiconductor is a prominent semiconductor company based in Yizheng, China, specializing in the research, development, and industrialization of 6-inch silicon carbide substrates. The company is dedicated to integrating overseas innovative technologies with domestic industrial resources to advance its capabilities. Hypersics has assembled a strong team by recruiting overseas returnees and foreign experts, ensuring high-level expertise in its R&D efforts.

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.

Refine Biology

Series B in 2021
Refine Biology is a national high-tech enterprise focused on the research, development, and production of natural health ingredients. The company specializes in manufacturing sweeteners, such as stevia and erythritol, along with other functional ingredients and natural pigments. Refine Biology offers a range of products that enhance the appearance, taste, functionality, and nutritional value of food and beverages. The company’s three main product platforms—Refine Zero natural sweetener, Refine Natural functional ingredients, and Refine Nacolor natural pigment—are designed to complement and synergize with one another, catering to the needs of the food, beverage, and nutritional health products industries. Through its innovative offerings, Refine Biology aims to provide customers with healthier and more appealing options in non-sugar beverages and other consumables.

Qlife Lab

Private Equity Round in 2021
Qlife Lab is a developer of precision medicine technology focused on enhancing laboratory diagnosis, particularly for cardiovascular and metabolic disorders. The company offers solutions that encompass mass spectrometry, metagenomic studies, in vitro testing reagents, and third-party diagnostic services. By integrating these advanced technologies, Qlife Lab aims to facilitate targeted therapy and improve health outcomes in the medical and health sectors. Their innovative approach supports medical institutions in delivering accurate inspections and diagnoses, ultimately working to enhance patient health and quality of life.

Comwin Automation Technology

Series B in 2021
Comwin Automation Technology, based in Shenzhen, China, specializes in designing and manufacturing equipment for the automated assembly and testing of flat panel display modules. The company caters to the FPD (flat panel display) and new flexible screen display industries, offering a range of non-standard machinery and comprehensive solutions tailored to meet clients' specific needs.

Tendfo

Series A in 2021
Tendfo is a company focused on developing and manufacturing innovative medical devices specifically for interventional therapy related to pulmonary embolism. The firm is dedicated to research and development, as well as the production and sale of high-end medical devices aimed at venous vascular intervention. In addition to its core product offerings, Tendfo provides technology development, technical consultation, and technical services within the medical device sector. The company also engages in the import and export of medical device goods and technologies, ensuring that it meets the needs of healthcare providers while maintaining a commitment to quality and cost-effectiveness.

Sermatec Energy

Series A in 2021
Sermatec Energy is a manufacturing company specializing in energy storage solutions tailored for commercial and industrial sectors. The company develops hybrid inverters and lithium batteries, utilizing advanced control technology to enhance security and operational efficiency. Its product offerings include battery management systems, energy management systems, and energy storage bidirectional converters, all designed to optimize power systems. By focusing on security, standards, and service, Sermatec Energy provides comprehensive solutions that meet the evolving needs of the energy market, enabling customers to improve their energy management capabilities.

InRoad

Series B in 2021
InRoad is a digital software company that specializes in providing mobile information solutions and management software tailored for the chemical industry and industrial manufacturers. Founded in 2015 and headquartered in Shanghai, China, InRoad focuses on delivering innovative technology to enhance operational efficiency and streamline processes within its target sectors. The company's software solutions aim to improve information accessibility and management for manufacturers, enabling them to optimize their operations and decision-making.

TBSTest Technology

Series C in 2021
TBSTest Technology is a developer and manufacturer of semiconductor test equipment, focusing on integrated circuit automatic test equipment, ATE, and SOC test equipment. It provides testing solutions including hardware, software, test boards, and memory systems, and offers pre-sales and after-sales support. The company serves IC designers and producers as well as scientific research institutions and universities. Founded in 2017, it is based in Beijing with branch offices in Xi’an, Shanghai, and Suwon, South Korea.

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.

HappyCast

Series B in 2021
HappyCast develops multi-screen interactive software. Its product can connect smart phone with TV set or projector to display mobile games, live video streaming, video calls and other mobile contents on larger screen.

Industics.com

Series B in 2021
Industics.com is an enterprise services company that specializes in developing a manufacturing software suite aimed at enhancing operational efficiency for manufacturers. Its platform offers tools for analyzing inventory flow, setting up procurement alerts, aggregating quality assurance errors, and managing research and development processes. By providing these functionalities, Industics.com enables enterprises to optimize their manufacturing operations effectively.

TacSense

Series A in 2020
TacSense, Inc. is a manufacturer of pressure-sensitive ionic materials and structures integrated with electronic sensors. Founded in 2016 and headquartered in Woodland, California, with additional offices in Shenzhen and Beijing, the company specializes in its proprietary Flexible Iontronic Sensing (FITS) Technology. This innovative technology leverages unique ionic materials to create an ionic-electronic interface that responds to mechanical stimuli. TacSense's product offerings include µSens and tSens, which are utilized across various applications such as sleep monitoring, elderly care, vital signs monitoring, and surgical robotics. The company's sensitive pressure sensing interfaces are designed to meet the demands of industries including medical, consumer, robotics, and automotive, providing real-time, high-quality, noise-immune pressure and force signals in a flexible, transparent, and ultra-thin format.

ImmVira

Series B in 2020
Immvira, established in Shenzhen, China, in May 2015, is a biotechnology company focused on developing innovative immunotherapy solutions for cancer treatment. Founded by a team of renowned researchers, including Professors from prestigious institutions, Immvira specializes in biopharmaceutical technology centered on oncolytic viruses and vector-based methods. The company’s flagship product is a genetically engineered Oncolytic Herpes Simplex Virus, designed to target metastatic tumors and those that are difficult to reach through traditional injection methods. By leveraging its advanced biotechnology platform, Immvira aims to improve treatment outcomes for cancer patients, providing effective therapeutic options for challenging tumor types.

Huaqiu

Series B in 2020
Huaqiu provides a digital service platform for the electronics industry that uses information technology to improve the service model of the traditional industry chain. They provide a strong boost for the innovation and development of the electronics industry.

hrfax.cn

Series A in 2020
Huixuan is a financial technology company focusing on the field of consumer finance. They provide traditional financial institutions with technological solutions such as business scenarios, risk control, and operations.

COSMOplat

Series A in 2020
COSMOplat is an online platform that provides industrial internet services. It is a subsidiary of Haier and its services include industrial Internet platform operation, industrial intelligence research, intelligent control, intelligent equipment, and automation. It was founded in 2017 and is headquartered in Shanghai, China.

Neuracle

Series A in 2019
Neuracle is a prominent enterprise in China's neuroscience sector, specializing in neural monitoring and diagnostic technology. Leveraging advanced brain-machine interface technology developed through collaboration with Tsinghua University, Neuracle focuses on innovative research in neuroscience, psychology, and neuroengineering. The company provides comprehensive solutions for the diagnosis, treatment, and rehabilitation of clinical neurological diseases. Its product offerings include digital electroencephalographs and other tools that allow healthcare institutions to monitor patients' brain bioelectricity levels and accurately diagnose neural conditions. Neuracle's research and development efforts have garnered acceptance from experts in both neuroscience and clinical medicine, positioning the company as a leader in its field and a key contributor to national science and technology initiatives.

Yungehuo

Series A in 2019
Yungehuo is a logistics company that offers a comprehensive shipping service platform aimed at enhancing cargo transportation through multiple modes. The company operates within the "Internet + Transportation Industry" sector, leveraging technology to provide intelligent quotation services for various logistics needs. By focusing on improving logistics efficiency, Yungehuo enables customers to optimize their shipping processes, thereby contributing to advancements in the overall effectiveness of the logistics industry.

IMPAQ Testing Technology

Series A in 2019
IMPAQ Testing Technology Co., Ltd. is an independent third-party testing organization based in Shenzhen, China, with additional branches in major cities including Shanghai, Qingdao, Suzhou, Guangzhou, and Zhongshan, as well as Taipei, Taiwan. The company specializes in a wide range of testing services, primarily focusing on consumer goods sectors such as textiles, clothing, footwear, toys, electronics, and food products. IMPAQ provides RoHS testing for restricted substances in electrical and electronic items, as well as testing for substances of very high concern. Additionally, the company offers services related to environmental pollution, occupational health and safety, and biodegradable materials. IMPAQ's laboratories are certified with national metrology accreditation and ISO 17025 laboratory accreditation, ensuring that they meet industry standards for quality and reliability in testing and certification. The organization is well-supported by relevant government policies, which facilitate its operations in the testing and certification field.

Snapmaker

Seed Round in 2019
Snapmaker is a China-based hardware company that develops an integrated platform for rapid prototyping and fabrication, combining 3D printing, laser engraving, and CNC carving in modular, all-metal machines. Founded in 2016, the company designs modular 3D printers that can be converted into CNC machines or laser cutters and engravers, aiming to turn desktops into small-scale workshops. The printers are described as easy to use for beginners and expandable for makers, offering affordable, convenient capabilities for creating objects and prototypes.

Webot

Series A in 2019
Webot Inc. is a technology company based in Shenzhen, China, founded in 2016. It specializes in developing task-oriented dialogue bots that utilize artificial intelligence to process natural language. The company employs advanced technologies such as deep learning and knowledge graphs to create an AI-powered platform, also named "Webot," which offers tailored man-machine language interface solutions primarily for financial enterprises. Approximately 80% of its products consist of standardized solutions, which include intelligent question-answering robots and a financial knowledge map platform. These offerings are designed to enhance operational efficiency and reduce costs, risks, and processing times across the sales and service lifecycle for clients in the insurance, securities, and banking sectors.

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’s product portfolio includes universal film machines, laminating machines, TP laminating equipment, and custom-designed equipment tailored to specific client needs. Lihexing focuses on providing automation and intelligent manufacturing solutions primarily for the production and inspection of mobile smart terminals and network infrastructure devices. Its notable clientele includes major industry players such as Huawei, Foxconn, and Canon, positioning the company as a significant contributor to advancements in manufacturing technology. The company underwent a name change in November 2014, reflecting its evolving business focus and commitment to innovation in the automation sector.

gippro

Angel Round in 2018
Gippro is a company engaged in the development, manufacturing, and marketing of a variety of products aimed at providing healthier alternatives to traditional tobacco and nicotine consumption. Its offerings include electronic cigarettes, heat-not-burn (HNB) equipment, and herbal sticks, all designed to cater to smokers seeking reduced harmful effects. The company produces various electronic cigarette models, such as split-type atomizing devices and mini electronic cigarettes, along with innovative products like energy bars. Gippro emphasizes quality and safety, ensuring that all its products undergo rigorous testing by independent certifying organizations and comply with global standards. Affiliated with Gippro Japan, the company is positioned to meet the growing demand for alternative smoking options in the market.

Huaqiu

Series B in 2018
Huaqiu provides a digital service platform for the electronics industry that uses information technology to improve the service model of the traditional industry chain. They provide a strong boost for the innovation and development of the electronics industry.

Wetalk TV

Seed Round in 2017
Wetalk TV is a Chinese online talk show program established in 2016 and headquartered in Beijing. The company specializes in producing commercial content by interviewing leaders across various sectors in China. Its offerings include media and educational programs, tutorials, videos, and content related to science and technology. By focusing on engaging conversations with influential figures, Wetalk TV aims to create insightful and informative content that resonates with its audience.

Tunicorn Technology

Series A in 2017
Tunicorn Technology is a Shanghai-based company founded in 2014 that specializes in technology services focused on artificial intelligence and computer vision. The company's offerings include advanced solutions in image and video recognition, face recognition, motion tracking, and machine vision. These technologies are applicable across various sectors such as security monitoring, advertising, internet security, and industrial applications. Tunicorn Technology also provides services related to visual algorithms, optical systems, and precision control, aiming to deliver high-quality visual inspection equipment and solutions to its clients. With a commitment to innovation, the company strives to enhance the effectiveness and efficiency of visual technologies in diverse industries.

Lonwin

Series C in 2017
Suzhou Lonwin Medical Systems is a manufacturer of medical imaging equipment focused on enhancing the affordability and effectiveness of medical diagnostics and treatment. The company offers a diverse range of products, including magnetic resonance imaging systems, computed tomography systems, and direct digital X-ray imaging systems. Lonwin's product line spans four key areas: magnetic resonance imaging, radiography, imaging-related products, and interventional therapy-related products. By providing powerful imaging solutions, Lonwin enables healthcare practitioners to deliver high-quality, efficient, and cost-effective medical imaging services to hospitals and their patients.

Yueqian Keji

Post in 2017
Yueqian Keji is an innovative entrepreneurial platform that integrates technology, talents, capital, and business services with Internet +, virtual reality, intelligent hardware, the internet of things, and industry 4.0 as the main incubation direction originating from technology, good at cultivation, good at integration, gather cross-border wisdom and resources from online to offline, with technology and talents as the core and capital as the support, create a new collaborative ecosystem.

Geneseeq

Series C in 2017
Geneseeq Technology Inc., founded in 2008 and based in Toronto, Canada, is a clinical testing and diagnostic center specializing in next-generation sequencing (NGS) technologies for precision medicine in cancer treatment. The company's platform translates patients' genomic information into decision-making tools for physicians and cancer patients. Geneseeq's laboratories have achieved numerous qualifications, including passing assessments from the China’s National Center of Clinical Laboratories, College of American Pathologists, and European Molecular Genetics Quality Network.

ACROBiosystems

Venture Round in 2017
ACROBiosystems Inc. is a biotechnology company specializing in the manufacture of recombinant proteins for applications in cancer immunotherapy and other therapeutic areas. Founded in 2013 and headquartered in Newark, Delaware, the company produces a wide array of products, including immune checkpoint proteins, FC receptor proteins, llama IgG FC fusion proteins, biomarkers, CD antigens, and GMP-grade cytokines. Additionally, ACROBiosystems offers pre-labeled proteins, such as biotinylated collections, and various assay kits designed for quantitative analysis and inhibitor screening. The company is focused on supporting the development of targeted therapeutic drugs by providing essential reagents and services, including those needed for the creation of biological drugs and emergency responses to health crises like SARS-CoV-2 variants.

Thunderobot

Series C in 2017
Thunderobot is a brand focused on the design, research and development, production, and sales of gaming computers and accessories tailored for esports players. The company provides a comprehensive range of products, including laptops, desktops, keyboards, monitors, and other peripherals. In addition to its hardware offerings, Thunderobot integrates various elements of the esports ecosystem, such as education and events, to enhance the overall gaming experience. Through its commitment to quality and innovation, Thunderobot aims to serve as a one-stop service platform for esports enthusiasts.

PhotonIC Technologies

Series B in 2017
PhotonIC Technologies is a Shanghai-based company specializing in the development of integrated optoelectronic chips designed for advanced optical networking and Internet of Things (IoT) sensing applications. The firm focuses on creating high-speed, low-power optoelectronic integrated circuits that cater to various sectors, including data centers, 5G transmission, and 3D Time-of-Flight (ToF) smart sensing systems. By leveraging proprietary CMOS technology for chip design and manufacturing, PhotonIC Technologies aims to deliver competitive solutions in terms of performance, energy efficiency, and cost-effectiveness. The company collaborates with research entities and industrial partners to enhance its product offerings and drive innovation in the field of optoelectronics.

Jiahong DentalLab

Post in 2016
Jiahong DentalLab specializes in manufacturing and distributing a wide range of dental products and services. Their offerings include both fixed and removable dentures, orthodontic products, and other dental equipment. Notably, they provide advanced solutions such as CNC-pure titanium brackets, implant suprabridges, and zirconia all-ceramic bridges, catering to both aesthetic and functional needs. Additionally, they offer dental restoration services, enabling patients to enhance their dental and oral health.

Jiahong DentalLab

Post in 2016
Jiahong DentalLab specializes in manufacturing and distributing a wide range of dental products and services. Their offerings include both fixed and removable dentures, orthodontic products, and other dental equipment. Notably, they provide advanced solutions such as CNC-pure titanium brackets, implant suprabridges, and zirconia all-ceramic bridges, catering to both aesthetic and functional needs. Additionally, they offer dental restoration services, enabling patients to enhance their dental and oral health.

vTradEx

Series A in 2016
vTradEx is a company that specializes in mobile internet and hybrid cloud solutions aimed at enhancing logistics operations. By developing software and logistics chain cloud platforms, vTradEx enables various industries, including manufacturing, retail, e-commerce, and healthcare, to optimize their supply chains. The company focuses on smart and mobile interconnection technologies that help clients reduce logistics costs and improve overall efficiency. Through its innovative cloud technologies, vTradEx aims to transform traditional logistics practices, providing clients with significant cost savings and competitive advantages in their respective markets.

WingTMG

Series B in 2016
WingTMG is a media technology platform that specializes in producing original brand content and television shows. The company aims to transform cultural content into a comprehensive service that integrates technology with various media formats. In addition to its media operations, WingTMG offers a range of financial services, including financing, mergers and acquisitions, and strategic planning. This multifaceted approach facilitates the delivery of socially valuable content to audiences while enhancing the company's role as a provider of diverse media solutions.

LAUNCH

Post in 2016
LAUNCH is a technology that uses intelligent technology to activate industry engines, drive industry transformation and upgrading, and promote social security development. It is an intelligent inspection robot, an intelligent infrared thermal imaging product, and a solutions provider.

Beijing Medix Technology

Series A in 2016
Beijing Medix Technology is a manufacturer of digital medical equipment and a provider of informational solutions tailored for healthcare organizations. The company specializes in developing a range of medical devices, including electrocardiograms, nuclear medicine equipment, radiation systems, ultrasound machines, and endoscopy tools. Committed to advancing the medical field, Beijing Medix Technology focuses on creating and enhancing information systems for its products, continuously striving to meet the unique needs of the healthcare sector. Through ongoing innovation, the company has established a reputation for improving the functionality and effectiveness of its medical technology offerings.

Sail Before

Series A in 2016
Sail Before is an independent research and development company focused on creating innovative virtual reality (VR) products and solutions. The company specializes in the development of VR technologies that cater to various sectors, including entertainment, education, and tourism. By providing professional VR equipment and services, Sail Before enhances the user experience in diverse environments, such as tourism sites, theme parks, and industrial parks. Through its commitment to advancing VR core technology, Sail Before aims to deliver immersive experiences that engage customers across multiple applications.

XShuai

Series B in 2016
XShuai is a technology company that creates home electronic products to improve the lives of its customers. The company primarily develops and manufactures projectors for home users and hospitality managers, allowing customers to enjoy a home theater experience. The company also creates intelligent AI robots that focus on education, allowing children to learn more effectively. It focuses on changing and improving hotels through the three business segments of smart audio-visual, smart guest control, and traffic operations, using the SaaS+AIoT platform as the touch point.

Leiphone.com

Series D in 2016
Leifeng.com is a representative media and information service platform. It continues to conduct research and analysis of worldwide technology and product trends. Leiphone.com is a provider of an online platform intended to offer media content in a digital format.

First Future

Seed Round in 2015
First Future is a B2B online foreign education service provider focused on delivering high-quality English as a Second Language (ESL) education to students throughout China. The company partners with educational institutions of varying sizes, including large schools and language academies, to create engaging and effective online learning experiences. First Future specializes in developing customized virtual classroom environments and curricula tailored to different student proficiency levels. Additionally, the company offers employment opportunities for ESL teachers from diverse cultural backgrounds, facilitating access to qualified educators for its partner organizations.

Chexingyi

Series A in 2015
Guangzhou CheXingYi Information Technology Co., Ltd. is a mobile Internet service company that specializes in providing a comprehensive vehicle service mobile application for car owners. Founded in 2011 and based in Guangzhou, China, the company leverages big data and algorithms to offer various services, including vehicle handling and maintenance. Chexingyi aims to deliver a one-stop solution for car life, enhancing the convenience and efficiency of vehicle management for its users.

Leiphone.com

Series C in 2015
Leifeng.com is a representative media and information service platform. It continues to conduct research and analysis of worldwide technology and product trends. Leiphone.com is a provider of an online platform intended to offer media content in a digital format.

First Future

Angel Round in 2015
First Future is a B2B online foreign education service provider focused on delivering high-quality English as a Second Language (ESL) education to students throughout China. The company partners with educational institutions of varying sizes, including large schools and language academies, to create engaging and effective online learning experiences. First Future specializes in developing customized virtual classroom environments and curricula tailored to different student proficiency levels. Additionally, the company offers employment opportunities for ESL teachers from diverse cultural backgrounds, facilitating access to qualified educators for its partner organizations.

Tunicorn Technology

Angel Round in 2015
Tunicorn Technology is a Shanghai-based company founded in 2014 that specializes in technology services focused on artificial intelligence and computer vision. The company's offerings include advanced solutions in image and video recognition, face recognition, motion tracking, and machine vision. These technologies are applicable across various sectors such as security monitoring, advertising, internet security, and industrial applications. Tunicorn Technology also provides services related to visual algorithms, optical systems, and precision control, aiming to deliver high-quality visual inspection equipment and solutions to its clients. With a commitment to innovation, the company strives to enhance the effectiveness and efficiency of visual technologies in diverse industries.
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