Hillhouse Investment Group

Hillhouse Investment Group, founded in 2005 and headquartered in Hong Kong, is a private equity firm that specializes in a wide range of investments, from seed funding to buyouts and listed equities. The firm primarily focuses on opportunities in Asia but also selectively invests in North America and Europe. Hillhouse’s investment strategy is stage-agnostic, allowing it to invest in companies at various stages of growth, from startups to established public entities. Its portfolio spans several sectors, including consumer, technology, media, telecommunications, healthcare, energy transition, and advanced manufacturing. In healthcare, Hillhouse emphasizes biotechnology, medical devices, and pharmaceuticals. The firm is recognized for its commitment to independent research and employs sector experts to guide its investment decisions, aiming for long-term results rather than short-term gains.

David Rhee

Partner

Michael Yi

Partner

Past deals in Technology

Semitech

Series B in 2022
Semitech is an intelligent manufacturing system supplier focused on providing integrated manufacturing solutions for high-tech industries.

Qingyun Zhitong

Series B in 2022
Qingyun Zhitong is an intelligent manufacturing enabling enterprise in the chemical industry. It is a continuous transformation platform for the scientific and technological achievements of the department of chemical engineering and the department of automation of tsinghua university. The company is committed to empowering industrial big data technology, industrial intelligent control technology, 5G technology, and AI technology. It can help chemical industry parks and chemical enterprises to help the construction of new infrastructure and industrial Internet in the chemical industry, and promote the intelligent transformation and upgrading of chemical enterprises and the construction of intelligent factories.

Qingzhi

Series A in 2022
Chengdu Qingruan Qingzhi Software provides the latest information management technology and solutions suitable for laboratories. They promote domestic laboratories, particularly those involved in quality inspection, food and medicine, agricultural products and grain and oil, inspection and quarantine, fibre inspection, environmental inspection, wire and cable, automobiles and parts, light industry, petrochemical, and machinery manufacturing.

Wuxi Xinxiang

Series A in 2022
Developer of production automation systems for the semiconductor industry. The company focuses on the development of overall automated systems for 8-inch and 12-inch wafer manufacturing FABs in the semiconductor wafer manufacturing and semiconductor packaging and testing fields, enabling semiconductor manufacturers to reduce operation costs and stay competitive.

Bluepha

Series B in 2022
Developer of synthetic biotechnology intended to facilitate microbial manufacturing and material innovation. The company focuses on the research and development of synthetic biotechnology and applies synthetic biology to create new bio-manufacturing products and to optimize cells from energy to medicines among other applications, enabling clients to assemble products by bio-engineering cell materials.

Qingyun Zhitong

Series A in 2022
Qingyun Zhitong is an intelligent manufacturing enabling enterprise in the chemical industry. It is a continuous transformation platform for the scientific and technological achievements of the department of chemical engineering and the department of automation of tsinghua university. The company is committed to empowering industrial big data technology, industrial intelligent control technology, 5G technology, and AI technology. It can help chemical industry parks and chemical enterprises to help the construction of new infrastructure and industrial Internet in the chemical industry, and promote the intelligent transformation and upgrading of chemical enterprises and the construction of intelligent factories.

DPTechnology

Series B in 2021
DPTechnology, founded in 2018 and based in Beijing, China, specializes in micro-scale industrial design through advanced molecular simulation technology. The company has developed a platform that integrates artificial intelligence with molecular simulation algorithms, aiming to enhance industrial and medical research. By providing users with innovative scientific tools, DPTechnology promotes efficiency and creativity in exploring complex research challenges, thereby establishing a new paradigm in both industrial research and clinical applications.

ACXEL

Seed Round in 2021
ACXEL Tech develops large area electronics have given us flat panel displays and flexible, wearable devices. ACXEL takes these ‘active’ pixels and puts them to work transporting liquid droplets – precisely and at amazing speed. Millions of pixels are transformed into tiny engines moving samples around via a high throughput, low cost and programmable platform, offering a wide range of possibilities in chemistry, biology and medtech.

Deyun Kangrui

Series A in 2021
Deyun Kangrui is a bio-medical high-tech enterprise that integrates R&D and the production of full-chain single-cell multi-omics technology.

SolarPlant Technology

Series A in 2021
SolarPlant Technology is a Chinese perovskite photovoltaic cell company. As a brand-new semiconductor material, perovskite has broad application prospects in photovoltaic, detection, display, lighting and other fields. SolarPlant Technology’s perovskite/crystalline silicon stacked photovoltaic technology can be deeply integrated with crystalline silicon technology, breaking through the photovoltaic conversion efficiency limit of traditional single-junction solar cells, and further reducing the cost of photovoltaic power generation.

Qitan Tech

Series B in 2021
Chengdu Qitan Technology Co., Ltd. specializes in the development and manufacture of advanced gene sequencing instruments utilizing nanopore technology. Founded in 2016 and based in Chengdu, China, the company offers a fourth generation gene sequencer that enables single-molecule sequencing with long read lengths and real-time output. This innovative technology is designed to serve various sectors, including biopharmaceuticals, healthcare, and agriculture, facilitating applications such as immunophenotyping, pathogen detection, analysis of intestinal flora, and tumor genome detection. Qitan Tech's solutions are notable for their cost-effectiveness and simplicity, as they do not require complicated library preparation, thus enhancing the accessibility of gene sequencing for cutting-edge biological research and clinical diagnostics.

RoboticPlus.AI

Series B in 2021
RoboticPlus.AI is a construction robotics company focused on developing advanced robotics technology tailored for mass customization in the construction sector. By integrating design, computer science, artificial intelligence, and industrial manufacturing, the company creates robots that enhance work efficiency and reduce labor costs. Their innovative approach incorporates intelligent programming, digital design, and human-computer interaction, allowing their robotic solutions to be applied across various industries, ultimately streamlining processes and improving productivity.

Jifei Technology

Series C in 2021
Jifei Technology is a company specializing in the design, development, and manufacturing of multi-rotor equipment. It offers a diverse range of products, including personal aerial imaging systems, multi-copter flight controllers, brushless camera gimbals, and professional ground stations. These products cater to a wide array of applications, from hobbyist model aircraft to large-scale professional unmanned aerial vehicles for commercial use. In addition to manufacturing, Jifei Technology provides firmware and software upgrades, assembly and repair services, as well as tutorial and flight training courses. The company markets its offerings through an extensive network of dealers and distributors both in Australia and internationally, along with a retail store in Alexandria. Jifei Technology was founded in 2007 and maintains research and development centers in Australia and China, supported by manufacturing facilities in China.

Wuxi Xinxiang

Series A in 2021
Developer of production automation systems for the semiconductor industry. The company focuses on the development of overall automated systems for 8-inch and 12-inch wafer manufacturing FABs in the semiconductor wafer manufacturing and semiconductor packaging and testing fields, enabling semiconductor manufacturers to reduce operation costs and stay competitive.

TargetingOne

Series B in 2021
Beijing Targeting One Technology Co., Ltd. engages in the development and production of biomedical instruments, consumables, and in vitro diagnostic reagents for use in the fields of precision medicine, health management, and life science research. The company offers drop maker sample preparation apparatus, biochip readers, digital PCR supplies, ddPCR universal amplification reagents, micro-droplet generation and detection oils, genetic testing kits, and nucleic acid extraction reagents. Its digital PCR products have applications in the areas of transplant rejection monitoring, targeted sequencing, tumor liquid biopsy, and non-invasive prenatal screening. Beijing Targeting One Technology Co., Ltd. was founded in 2015 and is based in Beijing, China.

Biren Technology

Series B in 2020
Biren Technology, based in Shanghai, China, specializes in the design and manufacture of intelligent chips and processors tailored for various computing architectures, including GPU and DSA. The company operates in the high-tech sector, focusing on both hardware and software solutions. Its hardware division develops a range of computing solutions that blend versatility with specificity, while its software department is led by experienced industry professionals. The company also conducts frontier research on new intelligent computing systems, emphasizing innovative architectures and advanced compilation technologies. Biren Technology aims to provide integrated solutions for applications such as cloud computing, artificial intelligence training, graphics rendering, and high-performance general-purpose computing, enabling clients to utilize domestic chip solutions and achieve significant technological advancements.

Bluepha

Series A in 2020
Developer of synthetic biotechnology intended to facilitate microbial manufacturing and material innovation. The company focuses on the research and development of synthetic biotechnology and applies synthetic biology to create new bio-manufacturing products and to optimize cells from energy to medicines among other applications, enabling clients to assemble products by bio-engineering cell materials.

Nanovision

Series B in 2019
Nanovision Technology, based in the Zhongguancun Yongfeng high-tech industrial base with an additional subsidiary in Chengdu, specializes in high-speed and high-precision radiology imaging. The company focuses on the development of static CT, X-ray CMOS detectors, and X-ray imaging software. Notably, Nanovision created China's first self-developed CMOS flat panel detector, known as the Merak series. Its products are applicable in various sectors, including medical, industrial, and security, offering advanced technological support both domestically and internationally. With a significant research and development foundation, Nanovision is positioned as a key player in the radiation imaging industry.

ALLSENSE Technology

Series A in 2019
ALLSENSE Technology Co., Ltd. is an Internet software solution provider based in Shanghai, China, founded in 2016. The company specializes in industrial-grade Internet of Things (IoT) solutions and smart manufacturing. It combines IoT technology, big data analysis, and artificial intelligence to develop an advanced manufacturing control platform tailored for industrial thermal production companies. ALLSENSE Technology focuses on intelligent data collection and processing, Internet security, holographic visual collaboration, and digital operations, aiming to enhance production efficiency by providing reliable analytical and data support within the thermal industry.

Golden Technology

Series B in 2019
Golden Technology is a big data service company offering electronic invoice solutions using blockchain technology.

XuanYu Tech

Series A in 2018
Shenzhen Xuanyu Technology Co., Ltd. is an artificial intelligence company based in Shenzhen, China.

Golden Technology

Series A in 2018
Golden Technology is a big data service company offering electronic invoice solutions using blockchain technology.

ThinkForce

Series A in 2017
ThinkForce is a Shanghai-based company specializing in the production of artificial intelligence semiconductors. The firm develops intelligent semiconductors that integrate advanced AI algorithms and hardware platforms, focusing on creating specialist multi-core processors designed for high parallel processing capabilities. These processors consist of numerous simpler, independent cores, allowing clients to utilize chip virtualization services that function as a central processing unit for multiple independent computers. With a strong technical team, ThinkForce is committed to ensuring the successful integration of its technologies into various industrial applications.
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