IDG Capital

IDG Capital is a Beijing-based venture and growth-stage investment firm that backs technology-enabled companies across global markets, with a strong emphasis on China and Asia. It invests across seed, early, later, and growth stages and pursues buyouts, with interests spanning information technology, software, consumer products and services, healthcare, energy, SaaS, mobile, TMT, and advanced manufacturing. The firm leverages a worldwide network of limited partners, including sovereign wealth funds, pension funds, institutional investors, and philanthropic and educational endowments, to support portfolio companies. With deep local market knowledge and extensive relationships with business leaders, IDG Capital combines global perspective with local execution to facilitate inbound and outbound opportunities in China and the broader Asian region.

Xiaohui Cao

Partner

Guangfu Cui

Partner

Jun Fang

Partner

Mei Gao

Partner

Ning Kang

Managing Director

Past deals in Navigation and Mapping

Qiangua Technology

Seed Round in 2024
Qiangua Technology is a Chinese company specializing in autonomous driving technology for logistics and transportation. It develops unmanned cargo truck solutions aimed at enhancing the efficiency of the autopilot industry. By leveraging advanced automated driving systems, Qiangua Technology offers trunk logistics services that cater to the growing demand for innovative transportation solutions. The company focuses on improving the logistics sector through its cutting-edge technology, positioning itself as a key player in the development of autonomous transportation services.

Qiangua Technology

Series A in 2021
Qiangua Technology is a Chinese company specializing in autonomous driving technology for logistics and transportation. It develops unmanned cargo truck solutions aimed at enhancing the efficiency of the autopilot industry. By leveraging advanced automated driving systems, Qiangua Technology offers trunk logistics services that cater to the growing demand for innovative transportation solutions. The company focuses on improving the logistics sector through its cutting-edge technology, positioning itself as a key player in the development of autonomous transportation services.

Youibot

Series B in 2021
Youibot Robotics Co., Ltd. is a Chinese company focused on the research, development, and manufacturing of autonomous mobile robots. The firm has independently developed a cutting-edge robot platform that utilizes advanced laser radar and visual real-time SLAM technology for navigation and mapping. Youibot's innovative systems are designed for both indoor and outdoor applications, offering competitive solutions for various industries. Their product line includes autonomous robots equipped with a standalone control system and a cluster collaboration platform, enabling efficient and automated operations for clients.

VisionNav Robotics

Series C in 2021
VisionNav Robotics Limited is a Shenzhen-based company founded in 2015 that specializes in designing and manufacturing autonomous industrial vehicles and intralogistics automation solutions. Utilizing advanced technologies such as artificial intelligence, environmental perception, and deep learning, VisionNav has developed a range of products, including vision navigation unmanned forklifts and tractor trucks. The company caters to various sectors, including e-commerce logistics, aviation logistics, and third-party logistics, aiming to enhance efficiency in global logistics operations. With innovations like high-density material storage and automated truck loading, VisionNav has successfully implemented its solutions across more than 50 projects in diverse industries, including automotive, food, and pharmaceuticals.

WeRide

Series C in 2021
Guangzhou WeRide Technology Co., Ltd. specializes in developing autonomous driving technology for level 4 vehicles, including its own hardware solutions that ensure comprehensive sensor coverage. Founded in 2017 and headquartered in Guangzhou, China, WeRide has established research and development centers across several major cities in China, as well as in Silicon Valley. The company has received strategic investments from leading global automotive groups and holds the distinction of being the first startup to obtain driverless test permits in both China and the United States. In November 2019, WeRide launched its first publicly accessible Robotaxi service in Guangzhou, which covers an area of 144 square kilometers and has since integrated with Amap, a popular ride-hailing app in China. The service has completed over 147,000 trips for more than 60,000 passengers within its first year. WeRide's offerings include a range of autonomous vehicles, such as Robotaxis, Robobuses, and Robovans, and the company continues to focus on enhancing safety and efficiency in transportation.

VisionNav Robotics

Series B in 2021
VisionNav Robotics Limited is a Shenzhen-based company founded in 2015 that specializes in designing and manufacturing autonomous industrial vehicles and intralogistics automation solutions. Utilizing advanced technologies such as artificial intelligence, environmental perception, and deep learning, VisionNav has developed a range of products, including vision navigation unmanned forklifts and tractor trucks. The company caters to various sectors, including e-commerce logistics, aviation logistics, and third-party logistics, aiming to enhance efficiency in global logistics operations. With innovations like high-density material storage and automated truck loading, VisionNav has successfully implemented its solutions across more than 50 projects in diverse industries, including automotive, food, and pharmaceuticals.

Benewake

Series B in 2019
Benewake is a prominent manufacturer and developer of solid-state LiDAR sensors and solutions, specializing in technologies that advance autonomous driving and automation across various industries. The company offers a range of LiDAR products, including basic flash LiDAR and 3D LiDAR, which are now in mass production and carry appropriate certifications. These sensors are essential for applications such as collision avoidance in autonomous vehicles, logistics operations in drones, and smart home robotics. Benewake's innovative solutions also support simultaneous localization and mapping, enhancing safety and intelligence in driving systems. With a strong intellectual property portfolio, Benewake's LiDAR products have successfully penetrated global markets, including Europe, America, and Asia-Pacific, positioning the company as a leader in its field.

Kuandeng Technology

Series A in 2018
Kuandeng Technology is a developer of applications for autonomous driving, focusing on the intelligent crowdsourcing of maps. The company leverages advanced technologies such as deep learning, image recognition, 3D vision, robotics, and big data cloud services to enhance the reliability and safety of autonomous driving systems. By partnering with various car manufacturers, Kuandeng aims to productize its autonomous driving technology, improving user experience and driving safety through smart maps and location services. Founded by Liu Jun, a former vice president of Baidu, the company has successfully secured significant financing to support its innovative initiatives in the automotive industry.

Aceinna

Series A in 2017
Aceinna, Inc. is a technology company based in Andover, Massachusetts, specializing in the development of advanced inertial measurement units and current sensing technologies. Founded in 2016, Aceinna focuses on creating innovative sensor solutions that cater to the needs of next-generation autonomous vehicles, robots, and smart systems. Its product offerings include a range of inertial systems such as inertial measurement units, tilt sensors, and navigation systems, as well as various current sensors and MEMS-based flow and pressure sensors. By providing these essential technologies, Aceinna aims to enhance the intelligence and functionality of autonomous applications and other advanced computing systems, thereby delivering significant value to its clients.

Benewake

Series A in 2015
Benewake is a prominent manufacturer and developer of solid-state LiDAR sensors and solutions, specializing in technologies that advance autonomous driving and automation across various industries. The company offers a range of LiDAR products, including basic flash LiDAR and 3D LiDAR, which are now in mass production and carry appropriate certifications. These sensors are essential for applications such as collision avoidance in autonomous vehicles, logistics operations in drones, and smart home robotics. Benewake's innovative solutions also support simultaneous localization and mapping, enhancing safety and intelligence in driving systems. With a strong intellectual property portfolio, Benewake's LiDAR products have successfully penetrated global markets, including Europe, America, and Asia-Pacific, positioning the company as a leader in its field.

Yunjing Zhiwei Technology

Angel Round in 2015
Yunjing Zhiwei Technology is a high-tech enterprise specializing in indoor precise positioning technologies. Founded by returning professionals from Silicon Valley, including graduates from prestigious universities, the company has developed advanced solutions that enable accurate indoor location calculations with an error margin of less than 2 meters. This innovative technology supports a range of industrial applications and aims to enhance the Internet of Things and smart city initiatives. Yunjing Zhiwei Technology is dedicated to contributing to the national economy and improving people's lives through its cutting-edge positioning solutions.

Mapbar

Series C in 2011
Beijing Mapbar Technology Co., Ltd. is a leading provider of map location services in China, operating the website www.mapbar.com. The platform offers extensive online mapping coverage, including four municipalities, 333 prefecture-level cities, and county-level cities, with road data encompassing over 2 million kilometers. The company serves more than 50 million active users daily and boasts a market share exceeding 80%. Mapbar provides a range of services, including map search, location queries, transportation planning, and mobile navigation solutions. Additionally, it caters to corporate clients by offering Internet-based map labeling products and a GIS-based platform for industrial applications. With partnerships involving major internet companies, Mapbar has established the largest map alliance platform in China and features over 18 million data points, including bus data for 208 cities. Founded in 2005 and headquartered in Beijing, Mapbar operates as a subsidiary of NavInfo Co., Ltd.

Mapbar

Series A in 2005
Beijing Mapbar Technology Co., Ltd. is a leading provider of map location services in China, operating the website www.mapbar.com. The platform offers extensive online mapping coverage, including four municipalities, 333 prefecture-level cities, and county-level cities, with road data encompassing over 2 million kilometers. The company serves more than 50 million active users daily and boasts a market share exceeding 80%. Mapbar provides a range of services, including map search, location queries, transportation planning, and mobile navigation solutions. Additionally, it caters to corporate clients by offering Internet-based map labeling products and a GIS-based platform for industrial applications. With partnerships involving major internet companies, Mapbar has established the largest map alliance platform in China and features over 18 million data points, including bus data for 208 cities. Founded in 2005 and headquartered in Beijing, Mapbar operates as a subsidiary of NavInfo Co., Ltd.

265 Network

Venture Round in 2004
265 Network is a Chinese organization established in 2004 and headquartered in Beijing, specializing in diversified internet navigation services. The company offers a range of solutions, including website encyclopedias, comprehensive search capabilities, and mobile navigation. With a focus on fostering a sharing internet culture, 265 Network has successfully reached over 50% of Chinese internet users, serving more than 10 million IP addresses and generating 50 million page views. Its services encompass integrated online searches for website addresses, email, and online community resources, making it a significant player in the internet navigation sector.

Shipu

Series A in 1997
Shipu Software Company is focused on the development of digital photogrammetry systems (VirtuoZo), three-dimensional visual geographic information systems (AGIS), and remote sensing image processing systems (ImageXuite RS). The company also carries out the implementation and system integration of related projects. Shipu Software develops three (SGPS, RS, GIS) software products centered around photogrammetry. The international photogrammetry community has selected Shipu Software’s product, VirtuoZo, as one of the three most practical digital photogram metrical mapping systems.

Momenta

Momenta is an autonomous driving startup based in Beijing that specializes in developing advanced software solutions for full autonomy in vehicles. The company leverages deep learning technologies for perception, high-definition semantic mapping, and data-driven path planning, providing multi-level autonomous driving solutions alongside big data products and services. Momenta's team includes leading experts in computer vision and deep learning, contributing to the company's innovative approach to autonomous driving. Their technology is designed to enhance driving efficiency and safety, aiming to improve the overall experience for users through artificial intelligence.
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