Tsing Capital

Founded by Don Ye in 2001, Tsing Capital is a private equity investment firm focused in venture capital investments in China and globally. The firm is a private equity and venture capital investment arm of Tsinghua Holdings Co., Ltd.

Xiaoping Chen

Managing Partner

Shelby Chen

Managing Partner

Colin Cheung

Associate

Brian Heimberg

Partner

Liwei Li

Partner and Managing Partner

Michael Li

Managing Partner

Vince Qiu

Associate

Steven Wong

Director

Elaine Wu

Chief Financial Officer

Yalan Xu

Associate

Don Ye

Founder and Managing Partner

Grace Zhang

Operating Partner

Lihui Zhang

Managing Partner and In-House Counsel

Larry Zhang

Managing Partner

Steffen Zheng

Director

Shirley Hui Zhou

Investor Relations Manager

Johnson Zhu

Partner

33 past transactions

3D Medicines

Venture Round in 2020
3D Medicines, we use individual’s genetic information to prevent, diagnose, and treat cancer. We develop personalized medicines according to target population’s genetic background, to increase efficacy and safety.

QD Vision

Venture Round in 2015
Founded in August 2004, QD Vision is a nanotechnology product company delivering a new generation of display and lighting solutions to major industries where color, power, and design matter. The company is harnessing the unique light-emitting properties of quantum dots to deliver a new generation of display solutions that provide unmatched color, power efficiency, and cost savings QD Vision's technology platform sets new standards for color purity, brightness, power consumption, and design flexibility. Backed by a patent portfolio secured by the founders' research at MIT and continued developments at QD Vision, the company is targeting applications such as consumer electronics products, flat-panel displays, electronic signage, solid-state lighting, and national security.

Horizon Robotics

Series A in 2016
Beijing Horizon Robotics Technology Co., Ltd. develops chips for robots. The company was founded in 2015 and is based in China.

SureAuto

Series A in 2010
SureAuto Corporation operates as a retailer of used cars. The company is based in Beijing, China.

GaN Systems

Series C in 2015
GaN Systems Inc., a semiconductor company, develops and manufactures a range of gallium nitride power switching transistors. The company offers 650 V E-HEMT and 100 V E-HEMT transistors and wireless power amplifiers. Its products are used in consumer, enterprise, industrial, solar/wind/smart grid, and transportation power conversion applications. The company serves consumer brand and enterprise equipment manufacturers in Japan, Taiwan, China, and internationally. The company was incorporated in 2008 and is based in Ottawa, Canada with additional offices in Aichi-ken, Japan; Shanghai, China; and München, Germany.

WiBotic

Seed Round in 2017
WiBotic Inc. develops wireless charging and power optimization solutions. It offers wireless charging systems; components, such as transmitters, onboard chargers, antenna coils, and integrated options; accessories for robots, drones, mobile robots, and underwater vehicles; and professional services. In addition, it offers a power management software that works with the hardware to optimize battery use for the fleets of robots. The company serves aerial, mobile, marine, and industrial clients. WiBotic Inc. was incorporated in 2014 and is based in Seattle, Washington.

Rayvio

Series B in 2016
RayVio Corp. is an advanced health and hygiene company that delivers clean water and environments. RayVio helps protect billions from germs and creates new markets and revenue streams by enabling a new class of products. Its powerful and efficient UV LED technology can be integrated into a variety of applications, powering versatile on-demand solutions that give consumers control over health without chemicals or costly consumables. To learn more, please visit www.rayvio.com.

Smarter Microelectronics

Series C in 2016
Smartermicro is a fabless semiconductor company that designs, develops and provides MMIC, RF and Analog IC. The Company's product portfolio currently includes Gain block, GPA, Switch, Power Amplifier, Mixer, and etc. With world-class technology,Smartermicro has a broad range of technology capability and IP portfolio on RF, Analog, and SOC design. We have developed our core competency through a combination of technical knowhow, which enables us to develop our comprehensive system-level intellectual property. Smartermicro focuses on technical innovation with efficient operation model to meet today’s customer increasing demand on high performance, highly integrated, low cost, and small PCB RF PA and RF FEM.

Phononic

Series C in 2013
Phononic is a growth stage, semiconductor hardware company commercializing solid-state heat pumps and fully integrated systems that displace compressors, heat sinks, and fans for electronics cooling; residential and commercial refrigeration; and climate control. The company’s disruptive approach combines high-performance solid-state heat pumps integrated into a manufacturing-friendly systems architecture that realizes products that are smart, sustainable, and solid state-driven.

Bluesmart

Series A in 2017
Bluesmart develops Internet connected travel products that include physical products combined with software. It offers Bluesmart app, a solution that allows users to control suitcases from their phones, receive smart alerts, and track their travel data to get insights about travel habits. Bluesmart also provides digital lock solutions for luggage and its contents; battery charging and location tracking solutions; and distance alerts and trip data. Alejo Verlini, Brian Chen, Diego Saez-Gil, Martin Diz, and Tomi Pierucci founded it on Novermber 5, 2013, with its headquarters in Mountain View in California.

Metamason

Seed Round in 2016
Metamason, Inc. develops personalized respiratory devices through 3D scanning and printing. It offers continuous positive airway pressure masks. The company was incorporated in 2013 and is headquartered in Pasadena, California.

Phononic

Series E in 2016
Phononic is a growth stage, semiconductor hardware company commercializing solid-state heat pumps and fully integrated systems that displace compressors, heat sinks, and fans for electronics cooling; residential and commercial refrigeration; and climate control. The company’s disruptive approach combines high-performance solid-state heat pumps integrated into a manufacturing-friendly systems architecture that realizes products that are smart, sustainable, and solid state-driven.

Pargo

Venture Round in 2017
Pargo provides a convenient logistics solution that allows users to collect and return parcels at a nearby shop in South Africa. The company delivers parcels purchased at retailers to Pargo parcel points those are local stores where users can collect their parcels; and sends sms or email notification when parcel arrives at the Pargo parcel points. Pargo was founded in 2014 and is based in Cape Town, South Africa.

Phononic

Series E in 2016
Phononic is a growth stage, semiconductor hardware company commercializing solid-state heat pumps and fully integrated systems that displace compressors, heat sinks, and fans for electronics cooling; residential and commercial refrigeration; and climate control. The company’s disruptive approach combines high-performance solid-state heat pumps integrated into a manufacturing-friendly systems architecture that realizes products that are smart, sustainable, and solid state-driven.

Enevate

Series B in 2011
Enevate Corporation develops silicon-dominant lithium-ion (Li-ion) batteries. The company’s HD-Energy batteries offer features, such as ultrafast charging, ultrahigh energy density, low temperature performance, longer runtime, eBoost feature, and safety advantages. It has plug-and-play compatibility with smartphones, ultrathin PCs and tablets, wearables, drones, and electric vehicles. Enevate Corporation was formerly known as Carbon Micro Battery Corporation and changed its name to Enevate Corporation in 2010. The company was founded in 2005 and is headquartered in Irvine, California.

Vion Technology

Series B in 2017
Beijing Vion Technology Co., Inc. develops and manufactures artificial intelligence based image recognition hardware products, including video cameras, control and detection terminals, and flow statistic instrument for transportation, industrial, and security applications. The company was founded in 2005 and is based in Beijing, China.

Nobao Renewable Energy

Series A in 2009
Nobao Renewable Energy Holdings Limited provides clean energy management solutions in China utilizing ground source heat pump or GSHP technologies. The company offers integrated energy management solutions for buildings primarily through energy management contracts or EMCs, by designing, manufacturing, and installing GSHP heating, ventilation, air conditioning, and hot water supply systems. It also provides post-installation maintenance services. The company was founded in 2007 and is headquartered in Shanghai, the People's Republic of China.

Miartech

Series B in 2011
Miartech(Shanghai),Inc. develops, manufactures, and distributes Interne of Things technology products for use in smart grids, smart cities, building energy efficiency, smart homes, clean energy access, street light management, photovoltaic, and ecological agricultural applications. Its products and services include intelligent building and energy saving systems, power line carrier communication (PLC) chips and modules, chip module customization, and software development services. The company was founded in 2004 and is based in Shanghai, China.

Stemirna

Venture Round in 2021
Stemirna Therapeutics is a RNA technology based drug development company designed to maximize the potential of RNA science. The company currently has more than a dozen of independently-developed mRNA drug projects, focusing on the fields of mRNA-based personalized cancer vaccines, mRNA vaccines for infectious disease, protein defects diseases, and genetic diseases, providing cure and solutions for cancer and infectious diseases, better serving patients.

Ionova Life Science

Venture Round in 2021
Ionova Life Science Co., Ltd. operates as a biotechnology company. The company engages in discovery and development of novel medicine for cancer treatment. It focuses on oncology, including immune-oncology and target delivery. The company uses its in-house build discovery platform for the development purpose. Ionova Life Science Co., Ltd. was founded in 2016 and is based in Shenzhen, China with additional offices in Hong Kong, Macao and Greater Bay Area.

Metamason

Seed Round in 2015
Metamason, Inc. develops personalized respiratory devices through 3D scanning and printing. It offers continuous positive airway pressure masks. The company was incorporated in 2013 and is headquartered in Pasadena, California.

ET Solar

Venture Round in 2008
ET Solar Group (中盛光电) is a Chinese photovoltaic company. It provides solar modules and related photovoltaic (PV) solutions worldwide. The company is a supplier of solar energy power solutions. It manufactures solar modules such as monocrystalline and polycrystalline cells for residential, commercial, industrial, and utility installations; BIPV modules that are installed on various new building structures, including roofs, skylights, facades, and shades, as well as retrofitted onto existing buildings; and string inverters. As a service provider for solutions to photovoltaic power plants, ET Solar Group provides integrated services such as power plant development, EPC of power plant, maintenance, investment, and financing.

Enevate

Series C in 2017
Enevate Corporation develops silicon-dominant lithium-ion (Li-ion) batteries. The company’s HD-Energy batteries offer features, such as ultrafast charging, ultrahigh energy density, low temperature performance, longer runtime, eBoost feature, and safety advantages. It has plug-and-play compatibility with smartphones, ultrathin PCs and tablets, wearables, drones, and electric vehicles. Enevate Corporation was formerly known as Carbon Micro Battery Corporation and changed its name to Enevate Corporation in 2010. The company was founded in 2005 and is headquartered in Irvine, California.

Sensoro

Series B in 2017
SENSORO is committed to uniting the physical and digital world with advanced sensing technologies. Connectivity with our environments at home, in public, at work, and everywhere in between, brings improved comfort, security, and health. It allows businesses to reduce operating costs and boost productivity. SENSORO’s Alpha Suite delivers a comprehensive solution to enhance our world and elevate our lives. The Alpha Suite forms an industrial-grade wireless sensor network that merges ultra-long-range communication with proximity Bluetooth Low Energy technology. With the Alpha Suite, SENSORO provides a simple to implement, easily managed and scaled system that is ideal for smart cities and buildings, asset tracking, energy management, and environmental monitoring.

Polyera

Series C in 2012
The Polyera Corporation is "a leading supplier in semiconductor, dielectric, and interfacial materials for the printed and flexible electronics industry. Polyera is focused on developing breakthrough materials for its portfolio of ActivInkâ„¢ products and on working closely with customers to provide deep technical support and customized solutions in order to enable the commercialization of novel printed and flexible electronic products."
Neo-Neon LED Lighting International Ltd is a decorative and commercial LED lighting manufacturers in the world. The company was taken public on the Hong Kong Stock Exchange (HK1868) in 2006 and then later in Taiwan on the TDR exchange (911868) in 2009.

Beijing Goldenway Bio-Tech

Venture Round in 2009
Beijing Goldenway Bio-tech Co., Ltd. engages in the treatment of organic waste resources. The company also develops environment-friendly bio-fertilizers, including general type microbial inoculants, strawberry successive planting resistant agents, soil restoration fertilizers, and soil rejuvenation fertilizers that are applied in ecological agriculture. In addition, it creates the model of industrial chain for transforming the organic waste into bio-resources; and offers biochemical humic acid and other reproduction products. The company was founded in 2001 and is based in Beijing, China.

Insyte Systems

Venture Round in 2019
Insyte Systems provides end-to-end miniaturized environmental (electro-chemical) single-chip multi-gas sensing solutions.

Lucid Motors

Venture Round in 2016
Lucid Motors sets out to create a car that elevates the human experience and transcends the perceived limitations of space, performance, and intelligence. A car that is intuitive, liberating, and designed for all the ways people get around. Lucid Motors plans to lead in this new era of mobility by returning to the fundamentals of great design – where every decision we make is in service of the individual. Because when you are no longer bound by convention, you are free to define your own path.