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

Young Guo

General Partner

Past deals in Virtual Reality

Ultiverse

Initial Coin Offering in 2024
Ultiverse operates an AI-powered gaming platform and Web3 ecosystem that connects global players through integrated gaming, decentralized finance, and digital asset ecosystems. The platform enables multiplayer battles, character creation, and NFT integration, with options to redeem NFTs for real-life replicas and deliverables upon request. It provides tools for game production and publishing, supporting developers to build, publish, and monetize games within an interconnected environment. The ecosystem also supports liquid staking and other blockchain-enabled features to enhance engagement and asset interoperability across titles. By combining AI-driven gameplay with Web3 capabilities, Ultiverse aims to create a seamless bridge between digital entertainment, asset ownership, and real-world deliverables.

Lifeform

Series B in 2023
Lifeform specializes in creating decentralized identity systems tailored for Web3 avatars. The company has developed a platform that enables the creation of hyper-realistic three-dimensional virtual human avatars. Utilizing non-fungible tokens, Lifeform's system allows users to manage and maintain multiple pseudonymous digital identities while ensuring privacy through zero-knowledge technology. This innovative approach facilitates a seamless cross-platform experience for users seeking to engage in digital environments with secure and customizable identities.

Neopets

Venture Round in 2023
Neopets operates an online virtual world where users create and care for virtual pets. Players must keep their pets healthy, fed, and in good spirits as they explore themed locations, complete quests, and play games to earn rewards. The environment includes diverse areas such as a battledome, an undersea city, a desert, and a space station, offering missions, puzzles, and social interactions. In-game activities award Neopoints, the virtual currency, and players can trade items at marketplaces or engage in an in-world economy that includes a stock market. The platform supports a free-to-play experience with an optional subscription service, Neopets Premium, which provides enhanced features. Neopets emphasizes exploration, collection, and problem-solving within a safe virtual setting, appealing to children and fans of virtual worlds.

Chenjing Tech

Series A in 2022
VR

GravityXR

Angel Round in 2021
GravityXR develops and manufactures specialized chips and components for extended reality (XR) devices, including AR glasses processors, VR headset chips, MR device modules, and supporting hardware solutions. They offer comprehensive technical services, such as software suites and prototype development support.

Insta360

Series C in 2019
Insta360 is a technology company based in Shenzhen that specializes in innovative camera solutions designed to enhance how users capture and share experiences. Established in 2014, the company has emerged as a leader in the 360-degree camera market, offering a range of products tailored for various needs, including professional creators and casual users. Their offerings include lightweight portable cameras, mobile phone attachments, cameras specifically designed for vlogging, and advanced VR cinematic cameras. These products enable high-definition 360-degree photos and videos, allowing users to live-stream their experiences on major social media platforms. Through its commitment to performance and accessibility, Insta360 empowers users to relive and share their moments in immersive detail, particularly when experienced through virtual reality headsets.

DGene

Series A in 2018
DGene is a provider of virtual and augmented reality solutions, focusing on a diverse range of applications across various industries. Its technology is utilized in digital entertainment, real estate, education, healthcare, and tourism. DGene leverages artificial intelligence and emerging technologies to enhance content creation, offering innovative solutions such as AI actors, virtual production, visual effects, and digital influencers. The company also specializes in real-time holograms and 3D reconstruction, catering to the evolving needs of e-commerce, cinema, and broadcasting sectors. Through its advancements, DGene aims to transform how users interact with and experience digital environments.

High Fidelity

Series D in 2018
High Fidelity develops spatial audio software for immersive group conversations across various platforms. Incorporated in 2013, the company is headquartered in San Francisco.

Arraiy

Series A in 2018
Arraiy, Inc. is a technology company based in Palo Alto, California, that specializes in developing a computer vision and machine learning platform tailored for the motion picture and television industry. Founded in 2016 and formerly known as opencv.ai, Arraiy aims to transform the filmmaking process by collaborating with major studios and award-winning artists. The company's platform leverages advanced AI techniques to enhance visual storytelling, allowing creators to seamlessly integrate real and virtual worlds. By focusing on machine learning, Arraiy seeks to expand the creative possibilities for filmmakers, thereby unlocking a new era of visual storytelling. As of 2020, Arraiy operates as a subsidiary of Matterport, Inc.

Kiss Future

Series A in 2018
Kiss Future is a developer of virtual reality (VR) technology that caters to various industries, including cultural tourism and entertainment. The company specializes in creating an audio-visual cinema experience and offers a comprehensive VR cinema industry chain encompassing creativity, research and development, content creation, operations, and services. By integrating advanced technologies, Kiss Future aims to enhance user engagement through efficient real-time interaction in settings such as large cinemas and VR entertainment environments. Additionally, the company focuses on sports posture simulation and the development of 5G capabilities, contributing to its innovative approach in redefining entertainment experiences.

Kujiale

Series D in 2018
Kujiale operates an online platform specializing in home decoration and furnishing information. Based in Hangzhou, China, it offers tools for creating 3D models, applying textures, and visualizing designs in various formats.

RGBVR

Series A in 2017
RGBVR is an interactive broadcast platform and VR/AR technology company.

Arraiy

Seed Round in 2017
Arraiy, Inc. is a technology company based in Palo Alto, California, that specializes in developing a computer vision and machine learning platform tailored for the motion picture and television industry. Founded in 2016 and formerly known as opencv.ai, Arraiy aims to transform the filmmaking process by collaborating with major studios and award-winning artists. The company's platform leverages advanced AI techniques to enhance visual storytelling, allowing creators to seamlessly integrate real and virtual worlds. By focusing on machine learning, Arraiy seeks to expand the creative possibilities for filmmakers, thereby unlocking a new era of visual storytelling. As of 2020, Arraiy operates as a subsidiary of Matterport, Inc.

High Fidelity

Series C in 2016
High Fidelity develops spatial audio software for immersive group conversations across various platforms. Incorporated in 2013, the company is headquartered in San Francisco.

Kujiale

Series C in 2016
Kujiale operates an online platform specializing in home decoration and furnishing information. Based in Hangzhou, China, it offers tools for creating 3D models, applying textures, and visualizing designs in various formats.

DKVISION

Series A in 2016
DKVISION is a company focused on the development of immersive virtual and augmented reality applications and hardware. By leveraging advanced computer vision technology, DKVISION creates innovative experiences that offer cinematic visual engagement for users. The company's expertise lies in merging hardware with cutting-edge software to enhance the way individuals interact with digital environments, making it a key player in the immersive technology sector.

DataMesh

Series A in 2016
DataMesh specializes in digital twin and mixed reality solutions, transforming industries through real-time data integration with immersive 3D environments. Its flagship platform, FactVerse, enables precise simulations, effective training, and efficient maintenance workflows across manufacturing, construction, and facility management sectors.

Insta360

Series B in 2016
Insta360 is a technology company based in Shenzhen that specializes in innovative camera solutions designed to enhance how users capture and share experiences. Established in 2014, the company has emerged as a leader in the 360-degree camera market, offering a range of products tailored for various needs, including professional creators and casual users. Their offerings include lightweight portable cameras, mobile phone attachments, cameras specifically designed for vlogging, and advanced VR cinematic cameras. These products enable high-definition 360-degree photos and videos, allowing users to live-stream their experiences on major social media platforms. Through its commitment to performance and accessibility, Insta360 empowers users to relive and share their moments in immersive detail, particularly when experienced through virtual reality headsets.

Time Of Vitual Reality

Angel Round in 2016
Time of Virtual Reality is a Chinese company that develops and publishes virtual reality games. It focuses on providing a platform for domestic VR gaming, offering a range of original VR products designed to meet the needs of various new media projects. The company emphasizes quality and supports its customers with professional technical assistance, ensuring that they receive suitable VR designs tailored to their specific requirements. Through its commitment to innovation and customer support, Time of Virtual Reality aims to enhance the virtual reality experience for users in the gaming industry.

RGBVR

Angel Round in 2016
RGBVR is an interactive broadcast platform and VR/AR technology company.

uSens

Seed Round in 2015
uSens develops human-computer interaction solutions, specializing in hand tracking technology for augmented/virtual reality. Its flagship product, Fingo, combines sensing devices and algorithm software to capture finger gestures. uSens also offers uSensAR, a smartphone AR engine, and SLAM-based mobile positional tracking solutions. Founded in 2013, the company is headquartered in San Jose, California.

Insta360

Series A in 2015
Insta360 is a technology company based in Shenzhen that specializes in innovative camera solutions designed to enhance how users capture and share experiences. Established in 2014, the company has emerged as a leader in the 360-degree camera market, offering a range of products tailored for various needs, including professional creators and casual users. Their offerings include lightweight portable cameras, mobile phone attachments, cameras specifically designed for vlogging, and advanced VR cinematic cameras. These products enable high-definition 360-degree photos and videos, allowing users to live-stream their experiences on major social media platforms. Through its commitment to performance and accessibility, Insta360 empowers users to relive and share their moments in immersive detail, particularly when experienced through virtual reality headsets.

Insta360

Angel Round in 2014
Insta360 is a technology company based in Shenzhen that specializes in innovative camera solutions designed to enhance how users capture and share experiences. Established in 2014, the company has emerged as a leader in the 360-degree camera market, offering a range of products tailored for various needs, including professional creators and casual users. Their offerings include lightweight portable cameras, mobile phone attachments, cameras specifically designed for vlogging, and advanced VR cinematic cameras. These products enable high-definition 360-degree photos and videos, allowing users to live-stream their experiences on major social media platforms. Through its commitment to performance and accessibility, Insta360 empowers users to relive and share their moments in immersive detail, particularly when experienced through virtual reality headsets.

Kujiale

Series B in 2014
Kujiale operates an online platform specializing in home decoration and furnishing information. Based in Hangzhou, China, it offers tools for creating 3D models, applying textures, and visualizing designs in various formats.

Kujiale

Series A in 2013
Kujiale operates an online platform specializing in home decoration and furnishing information. Based in Hangzhou, China, it offers tools for creating 3D models, applying textures, and visualizing designs in various formats.
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