Co-Stone Capital

Co-Stone Capital is a prominent private equity firm based in Shenzhen, China, established over 16 years ago. As one of the earliest private equity institutions in the country, it specializes in growth stage and pre-IPO investments within the domestic market. The firm focuses on key industries such as technology, healthcare, consumer products, and advanced manufacturing, leveraging its deep understanding of the Chinese economy and specific growth patterns of companies. Co-Stone Capital has invested in over 100 companies, predominantly as lead investors, and has successfully exited 40 through initial public offerings, mergers, or reverse mergers. With assets under management exceeding 40 billion RMB, the firm employs various investment strategies including private equity, venture capital, and mergers and acquisitions. It boasts a diverse capital base that includes large insurance groups, government-guided funds, and high-net-worth individuals. Co-Stone Capital has received multiple accolades from industry publications, consistently ranking among the top investment firms in China. In addition to its headquarters in Shenzhen, it maintains offices in Beijing, Shanghai, and Hefei.

Tao Tao

Partner

Past deals in ASIC

Yuweitek

Series B in 2023
YUWEITEK is a scientific and technological enterprise that provides advanced equipment for integrated circuit manufacturing. It provides customers with competitive products and technical solutions for integrated circuit manufacturing, advanced packaging, compound semiconductors, new displays, and other fields. The company focuses on the design and system integration of integrated circuit optical quality inspection systems, and around the autonomy of integrated circuit equipment, it has formed 6 categories of quality inspection products, including reticle inspection, wafer inspection, pan-semiconductor inspection, and wafer measurement, and is committed to becoming the world's No. An echelon of integrated circuit equipment technology providers.

Adaps Photonics

Series C in 2023
Shenzhen Adaps Photonics Technology Co., Ltd. is a photovoltaic chip company founded in 2018 and is based in Shenzhen, China.

Maxone Semi

Series B in 2022
Maxone Semiconductor (Suzhou) Co.,Ltd engages in the research, development, design, and manufacturing of integrated circuits. It offers test solutions to semiconductor customers. The company's products includes cantilever and vertical integrated circuits. The company was founded in 2015 and is based in Suzhou, China.

Xingu Microelectronics

Series C in 2022
Core Valley Microelectronics is an integrated circuit manufacturer dedicated to the development and production of microwave and millimeter wave monolithic integrated circuits. Recently, nearly 400 million yuan of C round of financing has been completed. Guangfa Qianhe led the round of financing, and several investment institutions such as Cornerstone Capital have followed up the investment. Through this financing, GF Qianhe will help Core Valley Micro to transform and upgrade into an IDM company in this field.

Vastai Technologies

Series B in 2021
Vastai Technologies is focused on developing AI chips for the optimization of computer vision and video processing.