HSG

HSG, formerly known as Sequoia Capital China, is a global venture capital and private equity firm, managing over USD 55 billion across various funds. Established in 2005, HSG invests in technology, healthcare, and consumer sectors, with a focus on seed, venture, growth, buyout, and infrastructure stages. The firm has backed over 1,500 companies, with more than 160 listed on public exchanges and over 140 achieving unicorn status. HSG operates globally, with offices in Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, providing extensive resources and industry expertise to its portfolio companies.

Wang Chenyu

Vice President

Sakshi Chopra

Managing Director

Raghavv Garg

Analyst

Amit Jain

Managing Director

Pushpak Kedia

Vice President

Sunint Khurana

Analyst

Cherry Lu

Partner

Ishaan Mittal

Managing Director

Saksham Mittal

Analyst

Abhishek Mohan

Principal

Javier Ng

Associate

Enita Pu

Partner

Wendy Qian

Analyst

Haim Sadger

Partner

Harshjit Sethi

Managing Director

Yoav Shaked

Partner

Johan Surani

Vice President

Vedant Trivedi

Associate

Aradhita Tuli

Investment Analyst

Pavel Vyhnalek

Operating Partner

Fu Xin

Partner

Past deals in Series B

Manus AI

Series B in 2025
Manus is a general AI agent that bridges thoughts and actions by excelling in various tasks such as research, data analysis, education, and productivity, offering personalized solutions across different domains to help users achieve their goals efficiently.

Scapia

Series B in 2025
Scapia is a company that creates credit card applications to assist consumers with their travel expenses. The company's in-house software allows users to track credit card usage while also offering coins on transactions that can be redeemed for hotel and flight bookings on the same app, allowing customers to pay and redeem for travel and hotel stays with no FX transaction fees.

ApnaMart

Series B in 2025
ApnaMart is an online retail store that operates as a supermart, focusing on delivering groceries and household essentials directly to consumers' homes. The company collaborates with nearby franchise stores to offer a wide range of products, including groceries and personal care items. ApnaMart also features a loyalty program, rewarding customers for their purchases. This combination of convenience and incentives positions ApnaMart as a reliable option for consumers seeking efficient online shopping solutions for their everyday needs.

Pu Enjing

Series B in 2025
Pu Enjing engaged in the independent research and development of high-end polymer materials.

Normunity

Series B in 2025
Normunity is a biotechnology company focused on developing precision immuno-oncology medicines, specifically a new class known as immune normalizers. These medicines aim to target novel mechanisms that enhance the body’s natural immune response against cancer. In collaboration with the lab of Dr. Lieping Chen at Yale School of Medicine, Normunity is researching newly-discovered mechanisms of immune disruption in cancer, utilizing proprietary discovery platforms to explore the intricate interactions between cancer and the immune system. The company is advancing a pipeline of immune normalizers, which includes initial drug programs designed to address the exclusion of T-cells from immune-sensitive tumors and other factors that impede normal immune function in cancer. Normunity operates from locations in Boston, Massachusetts, and West Haven, Connecticut.

Atlys

Series B in 2024
Atlys is a technology company specializing in software solutions tailored for businesses. Their offerings include tools for project management, collaboration, data analytics, and automation, aiming to enhance operational efficiency and facilitate data-driven decision-making. Notably, Atlys has developed a visa application platform that simplifies the process for travelers by providing personalized guidance, document scanning, real-time status updates, thereby saving time and reducing stress.

Sri Mandir

Series B in 2024
Sri Mandir is a spirituality-focused application developed by AppsForBharat, aimed at assisting millions of Indians in their spiritual and devotional journeys. Launched in November 2020, the app integrates spiritual offerings with engaging features to transition traditional offline behaviors into an online experience. Users can create personalized shrines, access a vast library of spiritual texts, scriptures, and videos, and connect with prayer groups. The app seeks to foster a sense of happiness and peace among its users, catering to their diverse devotional needs in a holistic manner.

Partior

Series B in 2024
Partior is a developer of a blockchain platform focused on enhancing cross-border payments and settlements for financial institutions. By utilizing blockchain and distributed ledger technology, Partior aims to streamline digital payments, making them more efficient, reliable, and secure. The platform facilitates real-time, multi-currency transactions, which increases transparency and accelerates the payment process. It addresses common challenges in cross-border payments, such as manual reconciliation and the need for pre-funding of nostro accounts, thereby helping financial institutions unlock capital and improve operational efficiency. Through its innovative approach, Partior provides digital clearing and settlement services that reduce friction in trade and foreign exchange settlements.

Atlan

Series B in 2024
Atlan is a modern data collaboration workspace designed to streamline data management and enhance teamwork across various data-related tasks. Acting as a centralized platform, it allows teams to organize and collaborate on data assets, including tables, dashboards, models, and code. By integrating with tools such as Slack, Snowflake, Redshift, Looker, Sisense, and Tableau, Atlan helps create a single source of truth for data assets, facilitating seamless collaboration across the data stack. Additionally, Atlan offers a metadata platform that connects disparate data infrastructures, enriching data with contextual information and security measures to support effective governance. Recognized as a leader in the DataOps space, Atlan aims to empower organizations to efficiently manage and utilize their data resources.

Mokobara

Series B in 2024
Mokobara is a luggage brand focused on providing innovative travel solutions through a range of products including suitcases, bags, duffels, and backpacks. The company aims to enhance the travel experience by offering luggage designed for modern travelers, featuring practical elements such as built-in chargers, silent wheels, and compression systems for efficient packing. Mokobara's mission is to facilitate ease of travel while ensuring that customers arrive at their destinations looking sharp.

Moonshot AI

Series B in 2024
Moonshot AI is a developer and provider of artificial intelligence models focused on advancing the field of artificial general intelligence (AGI). The company aims to transform energy into intelligence and facilitate the generation of intelligence through its innovative product offerings. The founding team has a strong background in research and development, having contributed to notable AI models such as Google Gemini and Google Bard. By concentrating on the creation of generative artificial intelligence models, Moonshot AI seeks to deliver significant value to the industry.

Yi'an Holdings

Series B in 2024
Yi'an Holdings is a financial services company that provides one-stop investment banking services to small and medium-sized companies.

Full-Life Technologies

Series B in 2024
Full-Life Technologies specializes in developing and commercializing radiopharmaceuticals for cancer therapy. It offers research and development, production, and distribution services within the radiotherapy sector, aiming to enhance patient outcomes through innovative nuclear medicine solutions.

Petlibro

Series B in 2023
Petlibro is a manufacturer of innovative consumer household appliances focused on pet care. The company designs products that promote pet health and convenience, featuring dispensing schedules for pet food and other essential care items. Among its offerings is an electric nail trimmer that allows for accurate and efficient nail grinding, enhancing the grooming experience for pets. By prioritizing functionality and health, Petlibro aims to simplify the daily responsibilities of pet owners while ensuring the well-being of their pets.

Powerlaw AI

Series B in 2023
Powerlaw AI is a developer of artificial intelligence technology aimed at enhancing the efficiency of legal processes. Focusing on the legal sector, the company employs advanced AI to empower legal services through products and services such as intelligent information retrieval, legal knowledge management, and smart contract review. By utilizing natural language processing, Powerlaw AI's platform identifies key points and figures in contracts and legal documents, enabling lawyers to manage cases more effectively. The company is dedicated to improving the work efficiency of legal practitioners while making intelligent, convenient, and cost-effective legal services accessible to the public.

Huaxuan Sensing

Series B in 2023
Huaxuan Sensing is a company specializing in sensor technology, particularly in the development and production of resolver sensors tailored for the new energy automobile industry. The company provides a range of sensors with various stator sizes and sensitivities, catering specifically to domestic automobile manufacturers. By offering these components, Huaxuan Sensing enables car manufacturers to enhance their products and improve performance in the rapidly evolving market of new energy vehicles.

Gongye Technology

Series B in 2023
Gongye Technology is a provider of intelligent sorting equipment based on the combination of AI and photoelectricity. As the demand for automation, intelligence, and digitalization grows among resource recycling companies, it has the responsibility to contribute our professional knowledge and continue to lead the inclusive application of global high-end intelligent sorting technology, so that more resource recycling companies can benefit.

Snack Is Busy

Series B in 2023
Snack Is Busy is a snack food chain that focuses on retailing and distributing a wide variety of snack products. The company aims to establish a recognizable brand by opening stores within local communities, making its offerings easily accessible to consumers. By developing a robust supply chain and strong branding, Snack Is Busy effectively caters to diverse market segments, ensuring that customers receive quality snack options tailored to their preferences. The company's commitment to proximity and convenience positions it as a prominent player in the snack food industry.

Neo Asset Management

Venture Round in 2023
Neo Asset Management is typically involved in managing investments and assets for clients, focusing on maximizing returns while minimizing risks. Their offerings typically include portfolio management, investment advisory services, and asset allocation strategies tailored to meet the specific needs of their clients. The company aims to leverage technology and data-driven insights to optimize investment performance and manage risk effectively. They may focus on various asset classes, including equities, fixed income, real estate, and alternative investments, catering to both individual and institutional investors. Their approach often emphasizes sustainability and responsible investing, integrating environmental, social, and governance (ESG) factors into their investment processes.

Bright Money

Series B in 2023
Bright Money is an AI-powered financial management platform that assists consumers in achieving debt-free living. By analyzing users' financial data through machine learning algorithms, Bright Money offers personalized insights into spending habits, budgeting, and overall financial health. The platform focuses on helping users manage various forms of debt, including credit card, student loan, and auto loan, while also providing tailored credit products. Bright Money aims to enhance financial wellness by equipping users with the necessary tools and insights to reduce financial stress, build savings, and make informed financial decisions. Through its innovative approach, the company fosters better financial stability and empowers users to take control of their financial futures.

Zhipu AI

Series B in 2023
Zhipu AI is a data company focused on developing an AI-based large model platform that offers API services tailored to various customer needs. The company provides a range of smart application products, including the scientific and technological information analysis engine "AMiner" and AI cognitive engines such as CodeGeeX and CogView. These tools are designed to help users automate and optimize digital tasks, thereby reducing the required manual labor. Zhipu AI's advanced applications are built on its General Language Model (GLM) series, capable of handling tasks in both Chinese and English, making its offerings versatile and applicable across different linguistic contexts.

Airalo

Series B in 2023
Airalo is an eSIM store that provides travelers with access to eSIMs in over 190 countries and regions at competitive local rates. Designed for eSIM-compatible devices such as smartphones, tablets, and PCs, Airalo simplifies connectivity for users by eliminating the need to carry multiple physical SIM cards or change phone numbers while abroad. Through its mobile application, travelers can easily select and activate their desired data plans based on their destination, ensuring seamless connectivity without the hassle of traditional SIM card swapping. This service is aimed at enhancing the travel experience by offering affordability and convenience in global communication.

Yunmao Technology

Series B in 2023
Yunmao Technology is a manufacturing enterprise specializing in nano-equipment, specifically designed for the semiconductor and new energy sectors. The company offers advanced equipment and services for ultra-high vacuum coating, atomic layer deposition (ALD), physical vapor deposition (PVD), and ion beam etching (IBE). Their solutions cater to the production needs of chips, semiconductors, and lithium batteries, enabling clients to achieve high-quality nano thin film deposition. By focusing on nanotechnology, Yunmao Technology supports innovation and efficiency in various high-tech applications.

TinyTap

Venture Round in 2023
TinyTap Ltd., founded in 2012 and based in Tel Aviv, Israel, specializes in developing educational software that allows families, teachers, and students to create, share, and play personalized educational games. The platform offers a code-free environment where users can transform shared moments into engaging games and interactive experiences, including books and classroom activities. With over 150,000 games created by educators worldwide, TinyTap serves over a million families each month, providing access to a vast library of educational content. Users can create and play games for free or opt for a subscription to unlock premium features and access learning analytics. Notably, 50% of subscription revenue is returned to the teachers who develop these games, promoting a collaborative and supportive educational community.

Noah Medical

Series B in 2023
Noah Medical is a manufacturer of medical robotic devices aimed at enhancing the diagnosis and treatment of patients in various healthcare settings. The company's innovative devices facilitate early diagnoses and treatments, particularly in advanced clinical environments. By enabling hospitals to address medical issues promptly, Noah Medical's technology contributes to improved patient outcomes and minimizes scarring associated with procedures.

Infcom

Series B in 2023
Infcom Industrial is a specialized business that focuses on high-end servo drives, servo motors, related software research and development, product manufacture, sales, and support.

JD Digits

Series B in 2023
JD Digits, a subsidiary of JD.com, is a technology company that bridges the financial and physical industries. It offers digital solutions such as supply chain finance, consumer finance, insurance, and securities. The company's platform leverages data technology, AI, IoT, and blockchain to provide secure, high-yield, customized financial services and investment management for both individual and business users. Additionally, JD Digits operates JD Digital Insurance, which offers online loan and insurance solutions.

NowCoder

Series B in 2023
NOWCODER specializes in creating a comprehensive written test and interview database platform tailored for IT programmers. The platform features a robust question bank for technical interviews, online programming exercises, and coding courses designed to help job seekers improve their technical skills. Additionally, NOWCODER offers written interview services that streamline the recruitment process for enterprises, making it easier for them to identify and hire qualified candidates. Through its innovative solutions, NOWCODER bridges the gap between job seekers and employers in the IT sector.

Rhegen

Series B in 2023
Rhegen is engaged in the research and development of mRNA medicine and gene therapy, focusing on synthetic biology technologies to create innovative mRNA drugs and vaccines. The company specializes in platform technologies essential for nucleic acid therapeutics, including mRNA design, synthesis, and non-carrier delivery methods. Rhegen applies these advancements to drug research and development, targeting various clinical indications such as functional protein defects, cancer, and infectious diseases. With a commitment to enhancing drug synthesis and developing novel drug targets, Rhegen aims to contribute significantly to the field of therapeutics, emphasizing both market potential and clinical value.

The Whole Truth

Series B in 2022
The Whole Truth specializes in the production of protein bars that emphasize health and nutrition. The company focuses on creating snacks that are free from added sugars, artificial sweeteners, preservatives, and flavoring agents. Utilizing natural ingredients such as dry fruits, cocoa, and raw whey, The Whole Truth aims to offer a nutritionally balanced option for consumers seeking wholesome snacks. Their products can be conveniently purchased online, allowing customers across India to enjoy minimally processed and nutritious snacks delivered directly to their homes.

Eduvanz

Series B in 2022
Eduvanz is a fintech Non-banking Finance Company for students seeking financial assistance. Its platform collaborates with various educational institutes to offer unsecured loan products that can be availed through a quick and easy online process that pr pupils and academic aspirants with transparent and secure financial assistance to make education universally accessible.

GCL Optoelectronics

Series B in 2022
GCL Optoelectronics is a supplier of perovskite solar modules, focusing on the R&D and production of perovskite solar modules. The company's objective is to supply solar panels that can achieve grid parity for photovoltaic power. They established a comprehensive learning path that includes a path for employees' professional progression.

Somethinc Beauty

Series B in 2022
Somethinc Beauty is an e-commerce skincare brand that offers a diverse range of genderless personal care products at affordable prices. The company specializes in manufacturing skincare items, including serums, body care solutions, sunscreens, lip scrubs, and facial washes. In addition to skincare, Somethinc provides a variety of makeup products such as mascara, lipstick, eyeshadow, loose powder, and compact powder. By focusing on quality ingredients and an extensive product lineup, Somethinc aims to meet the needs of customers seeking effective beauty solutions without high costs.

Beauty Haul

Series B in 2022
Beauty Haul specializes in retail and wholesale of a spectrum of beauty products online and offline.

Sigmoid

Series B in 2022
Sigmoid is a data solutions company specializing in data engineering and data science. With a team of over 110 professionals, the company focuses on simplifying data complexities to deliver actionable insights that inform successful business strategies. Utilizing expertise in open-source and cloud technologies, Sigmoid develops innovative frameworks tailored to client needs. The company's impact is particularly notable in the sectors of Advertising Technology, Retail-CPG, and BFSI, where it collaborates with leading firms. Sigmoid is recognized for its innovative contributions to technology and has received multiple awards, including the TiE50 Winners and NASSCOM Emerge 50. Operating from locations in California, New Jersey, and Bengaluru, India, Sigmoid aims to enhance business performance for its clients through advanced data analytics and machine learning solutions.

Esports Daily India

Series B in 2022
The latest news from across the e-sports industry covering interviews, event coverage, opinion pieces, reviews and much more from the e-sports world. E-sports is a booming global industry where skilled video gamers play competitively.

Carbonstop

Series B in 2022
Carbonstop specializes in carbon emission management solutions, offering a comprehensive software platform designed to assist businesses in calculating, analyzing, managing, and reporting their carbon emissions. The company provides carbon accounting software that enables enterprises to effectively track and reduce their CO2 emissions. In addition to its software offerings, Carbonstop also delivers carbon management consulting and training services, helping organizations implement strategies to minimize their carbon footprint. Through these solutions, Carbonstop aims to support companies in their efforts to promote sustainability and reduce their environmental impact.

Frontera Therapeutics

Series B in 2022
Frontera Therapeutics is a company specializing in adeno-associated virus (AAV) gene therapy, focused on developing and commercializing cost-effective recombinant virus-based therapies. The company aims to create a scalable platform that produces high-quality, affordable rAAV therapies for a range of genetic disorders, including ophthalmic, liver, metabolic, and neuromuscular diseases. Frontera Therapeutics has a diverse product pipeline that encompasses multiple therapeutic areas, with various candidates at different stages of development. By prioritizing affordability and quality, the company seeks to enhance the lives of patients through innovative genetic therapies.

PayGlocal

Series B in 2022
PayGlocal is a financial technology company founded in 2021 by Yogesh Lokhande in Bangalore, Karnataka. The company specializes in providing a comprehensive payment processing platform that focuses on minimizing risk and ensuring secure transactions. Utilizing an AI-ML-based risk engine, PayGlocal offers multiple layers of transaction monitoring, which enhances the reliability of both recurring payments and standing instructions for global transactions. By combining effective risk management with an integrated global payment acceptance system, PayGlocal aims to deliver a cost-effective and seamless experience for businesses, prioritizing enterprise-grade security to facilitate hassle-free financial operations.

Fanclash

Series B in 2022
FanClash is an esports platform that specializes in providing fantasy sports experiences for esports enthusiasts. The platform enables users to engage in fantasy leagues centered around popular esports titles such as PUBG and Call of Duty. Users can form their own teams, participate in contests, and earn real cash prizes based on the performance of their selected players. Additionally, FanClash offers features that allow gamers to create tournaments, communicate with friends and fans, and stay updated on various games and streamers. This comprehensive approach positions FanClash as a key player in the growing esports and fantasy gaming market.

Yueer Gene

Series B in 2022
Yueer is a genomics company driven by technology, with a number of revolutionary molecular detection technologies that can reduce the sequencing cost of all NGS platforms and the sensitivity of qPCR, Sanger, and nanopore sequencing. Yueer Gene collaborates with many partners to develop affordable, timely, and accurate genetic analysis tools in order to achieve precision medicine and improve patient outcomes.

NuProbe

Series B in 2022
NuProbe, Inc. is a genomics and molecular diagnostics company that focuses on noninvasive nucleic acid profiling and diagnostics. Founded in 2016 and headquartered in Cambridge, Massachusetts, with an additional office in Shanghai, China, NuProbe has developed a platform that utilizes genetic toehold probes for quantitative PCR mutation detection. The company's innovative technology offers a Sample-In Answer-Out (SIAO) solution, which seamlessly integrates cell-free DNA extraction, qPCR analysis, sequencing, and bioinformatic interpretation. This precision diagnostic technology is designed to facilitate the early detection of cancer and infectious diseases by accurately capturing disease signatures with high sensitivity and multiplexing capability, allowing healthcare professionals to initiate timely interventions for patients.

ASTRO

Series B in 2022
Astro Indonesia is a quick commerce start-up that specializes in on-demand grocery delivery. The platform offers a wide range of products, including fresh fruits and vegetables, dairy, meat, seafood, medicines, stationery, and snacks, allowing consumers to purchase essential items conveniently. By focusing on delivering groceries within a specified timeframe, Astro aims to provide an affordable and efficient shopping experience for its customers.

BUD

Series B in 2022
BUD, founded in 2019 by former Snap engineers Risa Feng and Shawn Lin, is a Singapore-based company that operates a user-generated open metaverse gaming platform. This platform connects millions of virtual worlds created by a community of approximately 9 million creators. Since its global launch in November 2021, BUD has rapidly gained popularity, ranking among the top 10 social apps in over 38 countries, including regions in North America, Southeast Asia, and South America. The platform allows users to easily customize 3D worlds through a simple drag-and-drop interface, enabling the creation and sharing of interactive experiences that range from social hangouts to competitive games. BUD has evolved into a vibrant digital social hub where users can create, play, and interact with 3D content alongside friends.

Qoala

Series B in 2022
Qoala is an InsureTech company founded in 2018 and based in Jakarta Selatan, Indonesia. It specializes in providing online insurance services for various needs, including flight and train delays, phone screen damages, and e-commerce logistics. By leveraging advanced technologies such as big data, machine learning, Internet of Things (IoT), and blockchain, Qoala aims to transform the insurance landscape in Indonesia. The company collaborates with major e-commerce and travel platforms to offer innovative insurance products that enhance customer experiences.

GoKwik

Series B in 2022
GoKwik is an online platform designed to enhance the shopping experience on e-commerce websites. It addresses various challenges faced by consumers during the buying process, from order placement to delivery. By leveraging advanced technologies such as artificial intelligence and machine learning, GoKwik enables businesses to streamline their user interface and improve overall customer satisfaction. The platform focuses on delivering a seamless experience, ensuring that clients can effectively manage and optimize their online sales processes.

Absolute

Series B in 2022
Absolute Foods is a food production and agriculture company. Absolute Foods' OS actionable insights based on inputs from the likes of sensors, satellite feeds, and others to the farmers for optimal growing conditions throughout the crop cycle.

Skillmatics

Series B in 2022
Skillmatics is a Mumbai-based company that specializes in developing educational products and learning games for children aged ten and under. Founded in 2016, Skillmatics focuses on providing engaging content that fosters cognitive skill development and reinforces essential learning concepts. The company's innovative approach to education combines fun and interactive methodologies, aiming for holistic development in young learners. Through its diverse range of products, Skillmatics seeks to make learning enjoyable and effective for preschool and primary school children.

UrbanPiper

Series B in 2022
UrbanPiper is a technology company that provides a comprehensive restaurant management platform designed to streamline order management and enhance customer service. The platform allows restaurants to onboard easily and automate their online operations across food aggregator apps while also facilitating the creation of a direct ordering experience. UrbanPiper's suite of tools includes centralized menu control, inventory tracking, and operational dashboards that provide valuable insights into sales data. Additionally, the platform integrates with existing point-of-sale systems, enabling restaurants to improve operational efficiency, reduce errors, and elevate customer satisfaction. By offering end-to-end solutions, UrbanPiper aims to help restaurants focus on their core objective of delivering quality food while effectively managing both online and in-store operations.

Obsbot

Series B in 2022
Obsbot uses revolutionary technology and innovative products to innovate the way public records are created and images are created and to change people's social ways. Its focus areas include visual intelligence based on deep learning, computer photography, and intelligent shooting technologies. It sells an artificial intelligence camera for recording and image creation.

Xmov Ai

Series B in 2022
Xmov is a company that specializes in developing artificial reality animation solutions, focusing on virtual human and content creation tailored for enterprise users across various Metaverse applications. The company employs advanced motion capture, animation, and artificial intelligence technologies to deliver customized interactive solutions for diverse business scenarios. Additionally, Xmov creates a comprehensive infrastructure for 3D virtual content production, providing full-stack technology and product services aimed at facilitating education, employment, and the development of virtual world platforms. Their innovative approach spans multiple sectors, including entertainment, cultural tourism, e-commerce, finance, education, healthcare, and communications, establishing a multifaceted ecological development model.

METiS Pharmaceuticals

Series B in 2022
Jitai Medicine (METiS) is a biotechnology company that uses artificial intelligence to drive drug delivery and drug discovery. It combines advanced technologies like artificial intelligence, machine learning, and quantum simulation to achieve more effective design of innovative delivery materials, drug candidate selection and formulation design, "programmable nucleic acid drug" development, and nucleic acid delivery design.

METiS Therapeutics

Series B in 2022
METiS Therapeutics is a biotechnology company that aims to drive therapies in a wide range of disease areas by integrating drug discovery and delivery with AI, machine learning, and quantum simulation.

Micro Connect

Series B in 2022
Micro Connect is a financial market platform that specializes in connecting global capital with China's micro and small businesses. The company focuses on enhancing liquidity in small business investments by providing professional investors with a new alternative to traditional impact investing. Micro Connect introduces Daily Revenue Obligations (DROs), an innovative asset class that allows investors to gain direct and diversified exposure to the daily cash flows of numerous retail establishments within China's dynamic consumer market. By facilitating access to capital for business owners, Micro Connect aims to create a more affordable financial ecosystem, while also offering structured product solutions and operating a licensed exchange.

Lianyuan Intelligence

Series B in 2022
Shanghai Lianyuan Intelligent is an innovative energy Internet comprehensive value-added service provider jointly invested by the world's leading new energy companies and executives of the world's top 500 power industry and consulting companies.

Multiplier

Series B in 2022
Multiplier is a global employment platform that facilitates international hiring and team management for companies. Its technology streamlines the complexities of local compliance, labor contracts, payroll, benefits, and taxes, allowing businesses to employ teams from anywhere without the need to establish local legal entities. The platform enables efficient onboarding and management through a user-friendly dashboard, which consolidates employee details, expenses, holidays, pay slips, and invoices. By assuming responsibility for local labor law compliance, Multiplier simplifies the employment process, helping companies effectively manage their distributed workforce while ensuring adherence to legal requirements.

AI Rudder

Series B in 2022
AI Rudder is an AI startup that develops AI-powered voice solutions to improve B2C communications. AI Rudder helps call centers reduce costs by automating repetitive tasks and lowering agent workload. This frees up agents to focus on things only humans can do. With more than a decade of experience developing AI solutions, AI Rudder is revolutionizing customer engagement by combining humans and AI to make the customer experience seamless.

Yubi

Series B in 2022
Yubi is a digital platform that facilitates the discovery, trading, execution, and fulfillment of debt solutions for both institutional and retail investors. The platform connects startups with investors seeking to fund various debt deals, primarily through the issuance of debentures. Yubi provides a comprehensive suite of tools, including credit underwriting solutions, analytical models, and structuring tools, which streamline the investment process. Its automated execution workflows and real-time transaction notifications enhance the efficiency of exploring, evaluating, and executing debt transactions. By offering these capabilities, Yubi enables investors to make informed credit decisions and engage more effectively in the debt market.

XiSoft

Series B in 2022
XISOFT is a professional manufacturer specializing in informatization and data services within health economic management. The company develops an enterprise resource planning (ERP) platform tailored for hospitals, providing comprehensive management and monitoring capabilities across various functions, including finance, supply chain, human resources, and diagnosis-related groups. By leveraging technology, XISOFT aims to support medical institutions in streamlining operations and enhancing efficiency. Its platform enables effective business integration and refined management, addressing key areas such as intelligent finance, material assets, internal control, and event management. Through its innovative solutions, XISOFT assists healthcare providers in realizing their strategic objectives and improving overall operational effectiveness.

Tabby

Series B in 2022
Tabby Inc. is a financial technology company based in the United Arab Emirates that offers innovative payment solutions for online and offline shopping. The company specializes in a buy now, pay later service, providing consumers in the UAE and Saudi Arabia with flexible payment options. Customers can choose to pay for their purchases either in a single deferred payment or in multiple installments, allowing them to manage their spending and enhance their shopping experience. Through its platform, Tabby aims to reshape the relationship between consumers and money, promoting financial freedom and responsible spending.

Inceptio Technology

Series B in 2022
Inceptio Technology, founded in 2018 and based in Shanghai, China, specializes in the development of autonomous driving trucks aimed at transforming line-haul logistics. The company offers a nationwide freight network and provides a Transportation-As-A-Service model that enhances the security, efficiency, and cost-effectiveness of logistics operations. Utilizing advanced technologies such as artificial intelligence, new energy solutions, and logistics big data, Inceptio's heavy-duty trucks deliver innovative and safe logistics solutions tailored for logistics companies. Additionally, the company has established research and development centers in both Shanghai and Silicon Valley to further its technological advancements.

Beam

Series B in 2022
Beam is a micro-mobility startup that encourages users to park their e-scooters in pre-determined parking spots via its app by offering incentives, instead of parking it anywhere randomly on the street.

WeShine Network

Series B in 2022
WeShine is a marketing and service platform that specializes in corporate account management solutions, primarily utilizing WeChat to enhance customer acquisition for businesses. Established in 2015 and headquartered in Nanjing, China, WeShine has successfully served over 150,000 businesses, with more than 30,000 of these being paid enterprise users. The platform focuses on integrated marketing and media services that leverage social media to enable mobile interaction and digital content sharing, helping clients to expand their customer base and improve marketing accuracy. With a global network of over 600 channel partners, WeShine operates offices in several major Chinese cities, including Guangzhou, Shenzhen, Beijing, Shanghai, Wuxi, and Wuhan.

Xmirror

Series B in 2022
XMIRROR is a software development company specializing in information security technology, particularly through the application of artificial intelligence. The company offers services across various sectors, including finance, cloud computing, and transportation. XMIRROR is focused on creating an intelligent adaptive threat management system that enhances digital supply chain security. This includes a comprehensive platform for monitoring security vulnerabilities and external threats in software development and deployment. Additionally, XMIRROR has developed a symbiotic active defense system that evolves alongside its business operations, ensuring agile delivery and future architectural advancements. The company's solutions aim to help government and enterprise organizations establish robust, adaptive security and operational systems tailored to their specific needs.

Amber Group

Series B in 2022
Amber Group Limited is a cryptocurrency financial services provider based in Hong Kong, founded in 2015. The company specializes in facilitating the buying and selling of cryptocurrency products and offers a range of services, including yield enhancement, collateralized lending, decentralized finance, execution services, and electronic market making. With a global presence that includes operations in Taipei, Seoul, and Vancouver, Amber Group serves over 200 institutional clients and has traded more than $200 billion across multiple electronic exchanges. It aims to optimize investment flexibility and maximize returns for its clients by leveraging advanced technology and quantitative research. Amber Group is dedicated to delivering a streamlined cryptocurrency finance experience, helping clients build and protect their wealth over the long term.

Atlan

Series B in 2022
Atlan is a modern data collaboration workspace designed to streamline data management and enhance teamwork across various data-related tasks. Acting as a centralized platform, it allows teams to organize and collaborate on data assets, including tables, dashboards, models, and code. By integrating with tools such as Slack, Snowflake, Redshift, Looker, Sisense, and Tableau, Atlan helps create a single source of truth for data assets, facilitating seamless collaboration across the data stack. Additionally, Atlan offers a metadata platform that connects disparate data infrastructures, enriching data with contextual information and security measures to support effective governance. Recognized as a leader in the DataOps space, Atlan aims to empower organizations to efficiently manage and utilize their data resources.

Rubycontech

Series B in 2022
Rubycontech is a software company that develops workflow consulting, sales, and training support platforms.

Airmeet

Series B in 2022
Airmeet Inc. is an online platform that enables users to host a variety of virtual events, including conferences, workshops, meetups, and webinars. Founded in 2019 and based in Lewes, Delaware, Airmeet aims to provide an immersive experience that fosters genuine connections among participants. The platform supports multiple event formats, catering to event organizers, marketers, and enterprises seeking to engage their audiences effectively. By incorporating features like networking lounges, Airmeet creates an interactive environment that simulates the authenticity of in-person gatherings, making it a versatile option for organizations and communities looking to facilitate collective progress through online interactions.

InterviewBit

Series B in 2022
InterviewBit is an online learning platform established in 2015, focusing on equipping students and young professionals with essential skills for technology jobs. It offers a structured 6-month program, taught by industry experts from leading tech companies like Google and Facebook. With over a million registered developers and 300,000 monthly active users, InterviewBit also facilitates mentorship and job referrals to global aspirational companies such as Google, Amazon, and Uber.

Saas Labs

Series B in 2022
SaaS Labs is a developer of cloud-based solutions focused on enhancing communication and marketing efficiency for businesses. Their primary product is a phone system that allows users to make and receive calls from a computer, web browser, or desktop, facilitating seamless communication from any location. The system enables users to acquire virtual phone numbers in various countries and start making calls or sending texts within minutes. Additionally, it offers features for setting up call centers, tracking calls, and accessing call recordings, all of which contribute to improved productivity for sales teams. Beyond communication tools, SaaS Labs also develops marketing products aimed at increasing brand visibility.

Tonik

Series B in 2022
Tonik is a digital banking company that offers a range of retail financial products, including deposits, loans, current accounts, payments, and cards. Its platform is designed to facilitate secure online financial transactions, providing customers with a highly secure environment for managing their finances. By leveraging technology, Tonik aims to enhance financial liquidity and efficiency, enabling users to save and transact more effectively. The company focuses on delivering innovative banking solutions that cater to the needs of modern consumers.

Avataar

Series B in 2022
Avataar is at the forefront of transforming digital commerce through its innovative AI-led Computer Vision platform, which utilizes generative AI to create immersive and interactive visual experiences. The company specializes in converting two-dimensional images and videos into photorealistic, life-size 3D and augmented reality (AR) experiences, enhancing shopping interactions across various consumer touchpoints, including websites, apps, and social media. By employing advanced deep learning techniques, Avataar enables brands to deliver compelling product presentations and bridge the gap between online and offline shopping experiences. The company holds over ten patents and has established strategic partnerships with major players such as Khronos, Meta, and Google, positioning itself as a leader in the spatial storytelling industry and contributing significantly to the evolution of visual discovery in commerce.

Virtue Diagnostics

Series B in 2022
Virtue Diagnostics (Suzhou) Co., Ltd. is an in vitro diagnostic company established in 2019 and headquartered in Suzhou, China, with a research and development office in Singapore. The company specializes in developing advanced diagnostic technologies aimed at infectious diseases, cancer, and chronic diseases. Its offerings include clinical mass spectrometry, multiplex immunohistochemistry for pathology-based cancer detection, and a molecular and immunoassay platform. Through these technologies, Virtue Diagnostics aims to enhance disease detection and management, contributing to improved healthcare outcomes.

Parametrix.ai

Series B in 2022
Parametrix.ai is a startup focused on transforming the gaming industry through advanced artificial intelligence solutions. Founded in 2019 and headquartered in China, the company specializes in the integration of AI capabilities into game scenarios, enhancing the development process and player experience. Its technology encompasses machine learning, reinforcement learning, and large system engineering, enabling complex environmental sensing, decision-making, and the creation of dynamic game elements such as teams and enemies. By fostering AI entities as native participants in virtual worlds, Parametrix.ai aims to collaboratively design immersive and inclusive gaming environments that engage players in innovative ways.

Hevo Data

Series B in 2021
Hevo Data Inc. is a software-as-a-service company specializing in data integration services. Founded in 2016 and headquartered in San Francisco, California, with an additional office in Bengaluru, India, Hevo offers a platform that allows users to connect and transfer data from diverse sources, including databases, cloud storage, cloud applications, and streaming services. The platform also facilitates the analysis of data across various formats and silos. Hevo Data serves a wide range of industries, including fintech, hospitality, e-commerce, healthcare, and edtech, among others. The company's automated data pipeline solutions are designed to simplify and enhance data management for organizations.

Vico Medical

Series B in 2021
Vico Medical, established in 2018 and based in Wuhan, China, specializes in the development and production of medical devices aimed at treating cardiovascular and cerebrovascular diseases. The company offers a range of products, including atrial shunts, puncture systems, and occluders for patent foramen ovale, along with delivery systems and other related devices. Vico Medical focuses on providing innovative intervention treatment solutions for structural cardiovascular issues, contributing to the reduction of stroke and heart-related disease incidents.

huoban.com

Series B in 2021
huoban.com is a zero-code data collaboration platform for a new generation of managers. They combines lightweight tools and customized systems into one. The application scenarios cover sales, production research, marketing, operations, finance, and other departments, as well as retail, trade, transportation, education, manufacturing, the internet, and other industries.

Tungee

Series B in 2021
Tungee, established in 2016, is a provider of intelligent sales solutions for business-to-business enterprises. By utilizing big data and artificial intelligence technologies, including natural language processing and machine learning, Tungee offers a comprehensive platform that facilitates lead mining, business opportunity engagement, customer relationship management, and order analysis. This platform is designed to help enterprises efficiently identify, contact, and manage customers, thereby reducing customer acquisition costs and enhancing overall sales performance. Tungee has positioned itself as a leader in the Chinese intelligent sales sector, serving over 3,000 enterprise clients, including notable companies such as Alibaba and China Mobile. Through its innovative approach, Tungee addresses the challenges faced by businesses in sales forecasting and customer management.

QianDao App

Series B in 2021
QianDao App is a Shanghai-based company that specializes in developing trading software for blind box toys and garage kits, targeting youth in China. Founded in 2019, the platform allows users to customize and order toys according to their personal preferences. Its main offerings include the Happy Train and Wedding Flower Girl series, catering to a community of garage kit enthusiasts and collectors. By providing a space for interaction and trade among users, QianDao App fosters a vibrant culture around these collectible items.

Flip

Series B in 2021
PT. FLIP is a financial technology company based in Depok, Indonesia, founded in 2015. It operates an online platform that facilitates secure interbank fund transfers without any transaction fees. The application is designed to provide users with an efficient and seamless experience for various money transactions, allowing them to save on costs typically associated with interbank transfers. By focusing on innovative solutions, PT. FLIP aims to offer fair financial services that are accessible to a broad audience, enhancing the overall user experience in digital money transfer.

Xinguang Liumei

Series B in 2021
Xinguang Liumei specializes in the development and operation of mobile games, aiming to enhance the gaming experience for its users. The company is dedicated to creating entertaining and engaging game content while also focusing on the development of gaming intellectual property. Through its innovative approach, Xinguang Liumei seeks to achieve commercial success and provide players with a more immersive and enjoyable gaming experience.

Q-CTRL

Series B in 2021
Q-CTRL, established in 2017 and based in Pyrmont, Australia, specializes in developing software tools and firmware for the quantum computing sector. Its core solution focuses on reducing and controlling quantum bit errors in quantum hardware devices, a critical challenge in the field. Q-CTRL's quantum control infrastructure software caters to R&D professionals and end-users, accelerating the development of useful quantum computers. The company also develops "software-defined" quantum sensors for applications in defense, intelligence, navigation, and earth observation. Q-CTRL works with global leaders in quantum technology, including universities, national labs, and industry partners, and is an IBM Quantum Startup network member. It has received numerous awards and recognitions, including being named a World Economic Forum Global Innovator and featured in prominent international publications.

Quanzhi Technology

Series B in 2021
Quanzhi Technology is a data security provider specializing in knowledge-application data and API risk monitoring systems. The company offers an intelligent data risk control system that employs data-centric user and entity behavior analytics (UEBA) technology. Quanzhi's solutions are designed to enhance network data security for enterprises, particularly in the finance, information technology, and logistics sectors, ensuring effective management of data risks and safeguarding sensitive information.

Park+

Series B in 2021
Park+ is a mobile app-based platform that addresses various challenges associated with car ownership. Founded in 2019 and headquartered in Gurugram, Haryana, India, the company enables users to discover and book parking spaces, purchase and recharge FASTags, arrange for daily car washes, and pay traffic fines online. Its interactive application streamlines the parking experience by allowing users to digitally manage payments and track parking sessions, helping them avoid tickets and guiding them to the nearest available parking lots.

SalesKen

Series B in 2021
SalesKen is a conversational intelligence platform designed to enhance the effectiveness of sales teams by providing insights into customer interactions. The platform analyzes sales conversations and offers real-time guidance to sales representatives, helping them improve their performance and increase revenue per representative. By identifying gaps in sales calls, SalesKen enables teams to engage more effectively with customers, ultimately reducing acquisition costs. The platform is utilized by major companies across various sectors, including education, finance, and software, and includes features such as vocational skills training and career counseling. This comprehensive approach not only aids in communication during calls and presentations but also equips sales teams with customized learning content to enhance their skills and employability in diverse industries.

Jianhai Technology

Series B in 2021
Jianhai Technology is an AI whole-course management platform that provides users with post-hospital & post-diagnosis management services.

Structure Therapeutics

Series B in 2021
Structure Therapeutics is a clinical-stage biopharmaceutical company focused on developing novel oral therapeutics for chronic diseases with significant unmet medical needs. Utilizing advanced computational and structure-based technology, the company designs orally available small molecules that aim to overcome the limitations of traditional biologic and peptide drugs. Its lead product candidate, GSBR-1290, is a small molecule agonist targeting the glucagon-like peptide-1 receptor, which is relevant for treating type-2 diabetes and obesity. Additionally, Structure Therapeutics is advancing other oral therapeutics targeting G-protein-coupled receptors for conditions such as pulmonary and cardiovascular diseases, including candidates ANPA-0073 and LTSE-2578. The company combines expertise in drug design and development to create differentiated and effective treatments that can have a profound impact on patient care.

OriGynMED

Series B in 2021
OriGynMED provides deep professional resources for the invested companies through its global ecosystem to help the business development of the companies. It is a technology-based medical company.

Ula

Series B in 2021
Ula is a technology-driven distribution and credit marketplace application that focuses on supporting micro, small, and medium enterprises in Indonesia. Founded in 2020 and headquartered in Jakarta, with additional offices in Bengaluru and Singapore, Ula provides a B2B marketplace designed specifically for small retailers. The platform enables these retailers to access a diverse range of products at competitive prices while managing their inventory and supply chain more effectively. Ula offers favorable payment terms and working capital solutions, allowing store owners to stock only the inventory they need and ultimately enhance their profitability. By leveraging technology, Ula addresses key challenges in traditional retail, ensuring that small businesses can thrive in a rapidly evolving digital marketplace.

Vision X

Series B in 2021
Vision X is a solutions provider for medical equipment in the field of ophthalmology and optometry.

Bijnis

Series B in 2021
Bijnis is a business-to-business commerce platform that connects footwear manufacturers, retailers, component suppliers, and buyers in India. The platform provides various services, including product listings, recruitment, and free postings for requirements and offers, which facilitate communication and help businesses generate trade leads. Bijnis aims to enhance operational efficiency in factories by leveraging technology, allowing factory owners to scale their operations effectively. Currently, Bijnis supports over 1,000 manufacturers, enabling them to serve more than 100,000 retailers across 12,000 pin codes in the footwear sector.

Geneus

Series B in 2021
Geneus develops and commercializes gene sequencers and reagents. The core of its technology is based on the characteristic current signal generated by the interaction of protein nanopores and nucleic acid bases, and it realizes single-molecule nucleic acid sequencing through an integrated chip system.

Aspire

Series B in 2021
Aspire is a finance operating system based in Singapore, catering to growing businesses in Southeast Asia. Founded in 2018, the company offers a comprehensive suite of services that includes business accounts for cross-border operations, corporate cards, and automated invoice processing, all integrated with financial management software. Aspire also provides an incorporation service known as Aspire Kickstart, designed specifically for Singaporean companies. By delivering efficient and transparent banking solutions, Aspire enables clients to manage their bank accounts, credit cards, invoicing, and expenses through a unified platform, facilitating improved cash management and informed business decisions.

Sunyur

Series B in 2021
Shangyue Network Technology specializes in providing digital procurement solutions for large and medium-sized enterprises. The company offers an intelligent procurement platform and software as a service (SaaS) applications that enable businesses to create customized online procurement systems. By leveraging these solutions, organizations can digitize and enhance their procurement processes, ultimately improving operational efficiency and reducing costs. Shangyue's focus on developing tailored procurement platforms allows clients to navigate the complexities of modern purchasing in a streamlined and intelligent manner.

FloBiz

Series B in 2021
FloBiz is a neo-business platform in India that focuses on supporting small and medium enterprises through digital solutions. Its flagship product, FloBooks, is a mobile billing and inventory management application that operates both online and offline, allowing users to create invoices, manage outstanding payments, and monitor stock levels. The app includes features such as an online store, payment reminders, sales and purchase reports, a greetings module, and a web version, making it a comprehensive tool for business management. By offering these services, FloBiz aims to empower entrepreneurs to enhance their operations and drive growth in a competitive market.

Outer

Series B in 2021
Outer, Inc. is a direct-to-consumer company based in Santa Monica, California, specializing in outdoor furniture. Founded in 2017 and originally named Jia Outdoor, Inc., the company rebranded in 2018. Outer focuses on creating durable, eco-conscious outdoor furniture designed to enhance outdoor living spaces. The products are crafted from sustainable materials and are engineered to withstand harsh weather conditions, aligning with the brand's mission to encourage outdoor enjoyment. The design team is led by Terry Lin, a former head furniture designer at Pottery Barn, and the manufacturing is conducted at a family-owned factory. Since its inception, Outer has experienced significant growth, with an elevenfold revenue increase by 2020 and a substantial expansion of its workforce.

Terminus Technology

Series B in 2021
Terminus is a software provider specializing in enterprise solutions to facilitate digital transformation across various industries. The company offers a comprehensive suite of products, including a cloud-native Platform as a Service (PaaS) platform called Erda, a high-performance application PaaS named Trantor, an intelligent business platform known as Gaia, a software design system referred to as NUSI, and a unified integration platform called Mule. These tools enable businesses to enhance their management processes, streamline supply chain operations, and optimize financial management. By providing these diverse software solutions, Terminus aims to help enterprises improve productivity and reduce operational costs.

ShopUp

Series B in 2021
ShopUp is a Bangladesh-based technology company that operates a full-stack B2B commerce platform, designed specifically for small businesses. The platform provides these businesses with easy access to B2B sourcing, last-mile logistics, and buy-now-pay-later (BNPL) solutions. Headquartered in Dhaka, ShopUp aims to empower small businesses by offering them digital credit and business management tools, enabling them to access a wide range of products and services tailored to their needs.

Oushu Technology

Series B in 2021
Oushu is a prominent provider of big data and AI-based platform software, specializing in the development of database solutions designed to manage large datasets. The company’s software is powered by Apache HAWQ, which allows for a combination of high performance and scalability. This enables users to efficiently interact with significant volumes of data, supporting businesses in their data-driven decision-making processes. Oushu's innovative approach aims to revolutionize enterprise databases for a modern technological landscape.
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