ZhenFund

ZhenFund, established in 2011, is a prominent seed fund and venture capital firm headquartered in Beijing, with additional offices in Shenzhen, Shanghai, and Silicon Valley. Co-founded by Bob Xiaoping Xu and Victor Qiang Wang, former entrepreneurs and co-founders of New Oriental, ZhenFund invests in early-stage, innovative companies across sectors such as e-commerce, education, AI, and fintech. With a network of over 800 portfolio companies, including more than 30 unicorns, ZhenFund provides mentorship, resources, and facilitates networking among entrepreneurs to help build successful businesses. The firm has been recognized as the top early-stage investment firm for six consecutive years, with its founders, Bob Xu and Anna Fang, consistently ranked on the Midas List.

Yusen Dai

Managing Partner

Anna Fang

Partner and CEO

Grace Gu

Principal and Head of Eastern China

Yuan Liu

Partner

Tianyi Qin

Principal

Yuguang Sun

Investment Associate

Lulu Sun

VP

Debbie Wang

VP

Terry Wang

Venture Partner

Fangzhou Yao

Managing Director

Li Yi

Investment Associate

Emma Yin

Partner

Meng Yuan

Investment Associate

Jack Zheng

Managing Partner

Past deals in Asia

MioTech

Venture Round in 2024
MioTech Information Technology (Shanghai) Co., Limited is an artificial intelligence platform based in Shanghai, China, with additional offices in Hong Kong. Founded in 2016, the company specializes in developing software solutions for investment managers, enabling them to navigate complex data and enhance client service. MioTech's platform integrates and analyzes diverse data sources to streamline the investment process, offering a data-driven experience. Additionally, the company focuses on sustainability and environmental, social, and corporate governance (ESG) data, providing financial institutions, enterprises, and governments with tools to monitor and manage sustainability metrics in real time. MioTech's innovative approach is supported by notable investors, including Horizons Ventures and ZhenFund.

U Power

Series B in 2023
U Power is an intelligent electric vehicle company based in Xuhui District, Shanghai, China. Founded in 2021, the company focuses on developing vehicles tailored for specific scenarios, allowing clients to customize cars through its standardized UP super chassis. U Power aims to facilitate the implementation of Car as a Service (CaaS) capabilities, empowering clients to integrate automotive solutions into their projects effectively.

Xiangke Intelligence

Angel Round in 2023
Tsinghua University, Beijing University of Aeronautics and Astronautics, computer and robotics professionals, and industrial serial entrepreneurs founded Xiangke Intelligence. It was established by the former founder of "Speed Technology" and the general manager of SharkNinja China Robot R&D Centre.

Tusk Robots

Angel Round in 2022
Tusk Robots is a Hong Kong-based robotics company established in 2020 that specializes in the research and development of robotic solutions aimed at enhancing intelligent logistics within smart factories. The company creates intelligent pallet robots designed for diverse sectors, including medicine, electronics, automotive parts, tobacco, chemicals, retail, apparel, and eCommerce. By providing effective handling solutions, Tusk Robots aims to facilitate intelligent logistics and support the advancement of smart manufacturing processes for various enterprises.

Recurrent.ai

Venture Round in 2021
Recurrent.ai is a Chinese company that specializes in AI-enabled corporate services aimed at enhancing sales efficiency. The company offers a comprehensive sales dialogue analysis system that converts voice interactions into text, facilitating in-depth analysis of sales calls and customer service conversations. By leveraging machine learning, Recurrent.ai helps businesses generate detailed big data dialogue analysis reports and maintain customer portrait records. These capabilities enable companies to optimize their sales processes, reduce labor costs, and improve sales conversion rates, ultimately supporting more informed decision-making.

X-Epic

Series A in 2020
X-Epic is a Nanjing-based startup focused on advancing China's electronic design automation (EDA) software technology. The company develops comprehensive verification solutions that support various industries, including integrated circuits, 5G, artificial intelligence, cloud services, and high-performance computing. By providing innovative systems, X-Epic aims to lower barriers to entry in the integrated circuit industry and address verification challenges associated with chip design, thereby enhancing the overall efficiency and effectiveness of electronic development in China.

Betterwood

Seed Round in 2020
Betterwood is a developer focused on creating management systems specifically for newly built hotels. The company offers an outsourcing solution that facilitates online hotel reservations, enabling hotels that lack their own websites to effectively reach and attract online customers. By streamlining the reservation process, Betterwood aims to enhance the operational efficiency of these hotels, allowing them to compete in the digital marketplace. The company is particularly active in markets such as China, where it seeks to support the growth of the hospitality sector.

X-Epic

Seed Round in 2020
X-Epic is a Nanjing-based startup focused on advancing China's electronic design automation (EDA) software technology. The company develops comprehensive verification solutions that support various industries, including integrated circuits, 5G, artificial intelligence, cloud services, and high-performance computing. By providing innovative systems, X-Epic aims to lower barriers to entry in the integrated circuit industry and address verification challenges associated with chip design, thereby enhancing the overall efficiency and effectiveness of electronic development in China.

Banlan Information Technology (Shanghai)

Series B in 2020
Banlan Information Technology (Shanghai) Co., Ltd. is a Chinese company that specializes in providing design materials and execution tools for the soft decoration segment of the home design process. The company operates under the brand Zhulogic, which offers a comprehensive design material library to assist designers in their projects. In addition to its design resources, Banlan focuses on facilitating the transformation and upgrading of the home furnishings manufacturing industry, helping to modernize and enhance production processes. Through these services, Banlan aims to support professionals in creating aesthetically pleasing and functional home environments.

Qinglei Technology

Angel Round in 2020
Beijing Qinglei Technology Co., Ltd. specializes in radar sensing technology for both military and civilian applications. The company focuses on the research and development of millimeter-wave radar intelligent sensing solutions, which cater to a variety of sectors, including smart homes, wearable devices, healthcare, and security. Qinglei Technology aims to provide innovative AIoT solutions, enhancing functionalities in smartphones, smart cars, and vital signs monitoring, among other areas. Based in Beijing, China, the company is positioned as a technology startup in the radar sensing domain.

Syrius Robotics

Series A in 2020
Syrius Robotics, founded in 2018 and based in Shenzhen, China, specializes in manufacturing autonomous mobile robots for material handling in various sectors, including e-commerce, retail, and logistics. The company develops its own operational systems, software platforms, and AIoT cloud services to enhance the efficiency of fulfillment centers and warehouses worldwide. Utilizing advanced technologies such as Artificial Intelligence, laser radar, and camera systems, Syrius Robotics provides intelligent logistics solutions that improve productivity and streamline logistics management. Their products are increasingly adopted by a diverse range of commercial organizations beyond the transportation industry, showcasing the versatility of their automation solutions.

Perfect Diary

Venture Round in 2020
Perfect Diary is an e-commerce-based cosmetic brand. The company is committed to exploring the trends in international cosmetics and the frontiers of fashion to provide easy-to-use cosmetics products for young Asian women.Perfect Diary is professional in branding and online traffic management. By launching co-branded cosmetic products with KOLs, idols and even some famous organizations like the British Museum

MioTech

Series A in 2020
MioTech Information Technology (Shanghai) Co., Limited is an artificial intelligence platform based in Shanghai, China, with additional offices in Hong Kong. Founded in 2016, the company specializes in developing software solutions for investment managers, enabling them to navigate complex data and enhance client service. MioTech's platform integrates and analyzes diverse data sources to streamline the investment process, offering a data-driven experience. Additionally, the company focuses on sustainability and environmental, social, and corporate governance (ESG) data, providing financial institutions, enterprises, and governments with tools to monitor and manage sustainability metrics in real time. MioTech's innovative approach is supported by notable investors, including Horizons Ventures and ZhenFund.

Recurrent.ai

Series A in 2019
Recurrent.ai is a Chinese company that specializes in AI-enabled corporate services aimed at enhancing sales efficiency. The company offers a comprehensive sales dialogue analysis system that converts voice interactions into text, facilitating in-depth analysis of sales calls and customer service conversations. By leveraging machine learning, Recurrent.ai helps businesses generate detailed big data dialogue analysis reports and maintain customer portrait records. These capabilities enable companies to optimize their sales processes, reduce labor costs, and improve sales conversion rates, ultimately supporting more informed decision-making.

Duobaoyu Insurance

Series B in 2019
Duobaoyu Insurance is an online insurance service platform based in Hangzhou, China, that commenced operations in 2017. The company specializes in offering integrated insurance consultation services, providing clients with a wide array of resources to navigate the insurance landscape. Its platform includes features such as insurance education, smart insurance tools, and free consultations, enabling users to assess various insurance products effectively. By delivering comprehensive information and support, Duobaoyu Insurance aims to enhance the understanding and accessibility of insurance services for its clients.

Xbiome

Series A in 2019
Xbiome Co. Ltd., established in 2017 and headquartered in Shenzhen, China, is an AI-based microbiome drug development company. It specializes in the analysis of patient and donor intestinal flora using artificial intelligence to accelerate the development of effective pharmaceuticals for microecological intestinal disorders. Xbiome's products focus on micro-ecological treatment, aiming to manage the gut health of a vast population.

Furong Xingsheng

Series A in 2019
Furong Xingsheng, established in 2009 and headquartered in Changsha, China, operates convenience stores and offers B2B logistics and distribution services. The company's business model revolves around its community shopping platform, Xingsheng Youxuan, which was launched in 2018. This platform sources fresh products and caters to daily household consumer needs through an online ordering and offline pickup system, offering a wide range of fresh produce, groceries, and general merchandise.

Duobaoyu Insurance

Series A in 2019
Duobaoyu Insurance is an online insurance service platform based in Hangzhou, China, that commenced operations in 2017. The company specializes in offering integrated insurance consultation services, providing clients with a wide array of resources to navigate the insurance landscape. Its platform includes features such as insurance education, smart insurance tools, and free consultations, enabling users to assess various insurance products effectively. By delivering comprehensive information and support, Duobaoyu Insurance aims to enhance the understanding and accessibility of insurance services for its clients.

Citcon

Series B in 2019
Citcon, founded in 2015 and headquartered in Silicon Valley, California, is a prominent payment technology company that facilitates mobile payments for global merchants. The company has developed a comprehensive platform that connects merchants with a wide array of mobile wallets and digital payment methods, enabling them to securely accept payments through web, mobile, and in-store channels. Citcon's infrastructure offers a user-friendly, contactless shopping experience that enhances security for both consumers and merchants. Through a single API suite and an integrated processing and fund settlement platform, businesses can efficiently manage domestic and international transactions. With a presence in the U.S., Canada, Europe, and Asia, Citcon serves millions of mobile wallet users, allowing them to shop at tens of thousands of participating merchants.

Syrius Robotics

Seed Round in 2019
Syrius Robotics, founded in 2018 and based in Shenzhen, China, specializes in manufacturing autonomous mobile robots for material handling in various sectors, including e-commerce, retail, and logistics. The company develops its own operational systems, software platforms, and AIoT cloud services to enhance the efficiency of fulfillment centers and warehouses worldwide. Utilizing advanced technologies such as Artificial Intelligence, laser radar, and camera systems, Syrius Robotics provides intelligent logistics solutions that improve productivity and streamline logistics management. Their products are increasingly adopted by a diverse range of commercial organizations beyond the transportation industry, showcasing the versatility of their automation solutions.

Duobaoyu Insurance

Series A in 2019
Duobaoyu Insurance is an online insurance service platform based in Hangzhou, China, that commenced operations in 2017. The company specializes in offering integrated insurance consultation services, providing clients with a wide array of resources to navigate the insurance landscape. Its platform includes features such as insurance education, smart insurance tools, and free consultations, enabling users to assess various insurance products effectively. By delivering comprehensive information and support, Duobaoyu Insurance aims to enhance the understanding and accessibility of insurance services for its clients.

COHO

Series B in 2018
COHO Inc., founded in 2003 and based in Shanghai, China, specializes in developing software solutions for human resource and workforce management. The company offers a range of applications, including WTS Mobile and iTime Cloud Attendance, both available on Android and iOS, as well as WebOne-Central, a cloud-based platform. COHO's software is designed to track employee attendance, monitor work processes, and provide intelligent scheduling, helping organizations manage their workforce more efficiently.

Global Scanner

Series A in 2018
Global Scanner is a social e-commerce platform targeting the middle-class in China.

Waterdrop

Series B in 2018
Waterdrop is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. It's the largest independent third-party insurance platform in China in terms of life and health insurance first year premiums, distributed in 2020, according to iResearch. Through Waterdrop Insurance Marketplace and Medical Crowdfunding platforms, Waterdrop have built a massive social network of protection and support for people, raising awareness of insurance and ultimately providing insurance and healthcare service to consumers in China. It had listed on the New York Stock Exchange under the symbol “WDH” in May 2021.

TOGO

Series B in 2018
Togo is a Chinese company providing car-sharing services. The company currently offers Smart Fortwo and Citreon C3-XR vehicles and features one-way point-to-point rentals. Users are charged by the minute and the driving distance. The rates are all-inclusive and cover rental, gas, insurance, parking (in authorized areas), and maintenance. The service forgoes the typical centralized rental office, and cars are user-accessed wherever parked via a downloadable smartphone app. As of December 2016, Togo is one of the largest car-sharing company in Beijing with over 300,000 members and over 1,000 vehicles.

Furong Xingsheng

Series A in 2018
Furong Xingsheng, established in 2009 and headquartered in Changsha, China, operates convenience stores and offers B2B logistics and distribution services. The company's business model revolves around its community shopping platform, Xingsheng Youxuan, which was launched in 2018. This platform sources fresh products and caters to daily household consumer needs through an online ordering and offline pickup system, offering a wide range of fresh produce, groceries, and general merchandise.

Yatsen Holding

Series B in 2018
Yatsen Holding Limited, established in 2016 and headquartered in Guangzhou, China, specializes in the development and sale of beauty products. The company operates under several brands, including Perfect Diary, Little Ondine, and Abby’s Choice. Its product portfolio encompasses a wide range of items such as color cosmetics, skincare, nail care, makeup tools, accessories, kits, perfumes, beauty devices, and colored contact lenses. Yatsen Holding Limited distributes its products through both physical stores and online channels. The company's flagship brand, Perfect Diary, achieved significant success by becoming the top color cosmetics brand in China in terms of online retail sales value within three years of its launch.

Shuidinongchang (Water drop farm)

Angel Round in 2018
Shuidinongchang is a Gaming Start up based in Beijing.

Xiangwushuo

Series B in 2018
Xiangwushuo is a Beijing-based company that operates an online platform for the buying and selling of unused items. It facilitates the trading of new and idle goods through a unique marketplace that employs a point system, allowing users to exchange items without the need for actual currency. In addition to individual transactions, Xiangwushuo offers business owners the opportunity to promote and sell their products online, enhancing the platform's functionality as a comprehensive marketplace for both personal and commercial goods.

Zhijiabest

Series A in 2018
Zhijiabest is a E-commerce Start up Based in Beijing.

Jerry Education

Series A in 2018
Jerry school, an institution which is training primary and secondary school-based students, was set up by Zhang Jiancheng and his professional team. Zhang graduated from the School of Foreign Studies in Peking University, and now he is a famous basic English education expert, the expert of domestic examination, the chairman and president of Beijing Jierui Tianxia Educational Technology. Co., Ltd., as well. The school was established in August 2004. Since its inception, it has won a good reputation in the majority of students and parents. This is totally due to a professional and dedicated team of teachers, the strict teaching management system, a unique method of teaching, individualized tutoring, one-to-one tracking service system and the ideal learning effect. In the development process of Jerry School, each branch adopts unified brand and unified teaching management system, a unified teaching service, unified teacher deployment, unified system textbooks, unified standard lectures, unified complaints system, so as to provide a higher level of service for each participant and parent. In the early days, Jerry School has opened a number of accessible channels of communication and established the Headmaster's office to ensure that complaints can be replied promptly. The goal which shows the quality service of Jerry School is to make every student and parent satisfied. The school also participated in some renowned nationwide large-scale activities, such as China Youth English All-Round Talent Show Activities which is sponsored by China National Committee For the Wellbeing of the Youth, and Flying Red Scarf - National Children's Comprehensive Quality Display Show Activities sponsored by Chinese Young Pioneers Business Development Center. Currently, there are nearly 1,000 employees working in Jerry School, and more than 50 branch schools has been set up in Beijing. By the year of 2014, nearly 263,423 talented students have been trained in all. Each year, tens of thousands of students (more than 3,000 classes) learn in Jerry School. Today, Jerry School has developed into an educational institution of primary and secondary school which is involved in English, mathematics, physics, chemistry, art, studying abroad and other brands, and in the meantime it has owned a number of development platforms, such as the basic education system, educational research and development system, studying abroad system, pre-school education system, and it has already been large educational institutions which consists of the set of education and training, research and development of education, book publishing, one-to-one tracking service, nationality Study Tour and so on.

The Good Stuff

Series B in 2018
Founded in 2016, The Good Stuff is a top community-based e-commerce startup that makes premium products and services accessible to middle-class Chinese consumers. It leverages China's upward trend in consumption and delivers a value of quality, wellness and fun. Their Curators search the world for premium offerings, from good farmers and artisanal producers, and deliver to their Stylists, mostly young parents who are opinion leaders in their communities - they select their favorites, share with the people around them and earn a commission for the value they produce.

Beijing Amber Sunac Technology Co.

Series A in 2018
Beijing Amber Sunac Technology focuses on open financial scenario technical services.

Dahezi

Series A in 2018
Dahezi is an e-commerce platform focused on women's wear, providing personalized online styling services aimed at transforming the shopping experience for clients in China. By combining data science with human judgment, Dahezi offers tailored selections of apparel, shoes, and accessories that align with individual styles. The platform emphasizes a customer-centric approach, allowing users to enjoy a unique shopping experience that includes the convenience of free returns.

Youhua Technology

Series A in 2018
Shanghai based Media & Entertainment company.

Taozugong

Seed Round in 2018
Hangzhou Taozugong Technology Co., Ltd. is an electronics leasing company that operates a rental platform for branded appliances. Founded in 2017 and based in Hangzhou, China, the company focuses on providing a seamless rental experience for consumers. To enhance user trust and security, Taozugong collaborates with the Alipay credit scoring platform, Zhima Credit, to assess the creditworthiness of users. This partnership enables the company to mitigate risks associated with appliance rentals while promoting responsible usage among its clientele.

YITU

Series C in 2018
Yitu Limited is a prominent artificial intelligence company based in Shanghai, China, founded in 2012. The firm specializes in the research and development of AI solutions across various sectors, including smart cities, healthcare, and commerce. Yitu focuses on areas such as machine vision, natural language understanding, and intelligent hardware, seeking to create comprehensive solutions that enhance operational efficiency and drive innovation. The company offers a range of products, including AI infrastructure for city management, medical diagnostic technologies, and applications for smart finance and retail. With a strong emphasis on fundamental research, Yitu aims to deliver breakthroughs that expand the potential of AI and contribute to a safer, faster, and healthier world. Its advanced R&D team is dedicated to transforming industries by integrating AI technologies into practical business applications.

Hualuogengshuxue

Angel Round in 2018
An Education Platform based in Beijing.

Xiaohongshu

Series D in 2018
Xiaohongshu, founded in 2013 and based in Shanghai, China, is a lifestyle sharing platform that allows users to share experiences through text, images, and videos. Initially aimed at assisting overseas travelers with shopping, it has transformed into a vibrant community focused on various lifestyle areas, including cosmetics, fashion, food, travel, entertainment, reading, fitness, and childcare. The platform serves as a social e-commerce space where users can post their favorite products, share shopping experiences, and discover global merchandise, particularly in luxury and beauty sectors. By fostering user-generated content, Xiaohongshu encourages a collaborative environment for lifestyle enthusiasts to exchange insights and recommendations.

Magic Ears

Series A in 2018
Magic Ears is an online teaching platform that offers English language classes specifically designed for children aged 5 to 12 in China. The company employs qualified native English-speaking teachers from America and Europe, utilizing innovative technology to deliver a natural and efficient learning experience. Through live video instruction and the use of authoritative textbooks, Magic Ears enables children to learn English in an engaging and pleasant environment, allowing teachers to focus solely on teaching.

Xiaoyang Edu

Series A in 2018
Beijing Xiaoyang Education Technology Co., Ltd. is a pioneer in smart campus and cloud services in primary and secondary schools. It has a world-leading technology research and development team. The company adheres to the concept of “application-driven, integrated innovation, overall planning, and personalized service” to adapt to the rapid development of educational information. The development and the wave of curriculum reforms triggered by the college entrance examination reform are based on a deep understanding of education and curriculum reform, using world-leading cloud computing and big data technologies to serve primary and secondary schools, helping regional education bureaus, schools and teachers to improve education management and teaching. Level.

Banlan Information Technology (Shanghai)

Series A in 2018
Banlan Information Technology (Shanghai) Co., Ltd. is a Chinese company that specializes in providing design materials and execution tools for the soft decoration segment of the home design process. The company operates under the brand Zhulogic, which offers a comprehensive design material library to assist designers in their projects. In addition to its design resources, Banlan focuses on facilitating the transformation and upgrading of the home furnishings manufacturing industry, helping to modernize and enhance production processes. Through these services, Banlan aims to support professionals in creating aesthetically pleasing and functional home environments.

Changjinglu

Series A in 2018
Hangzhou Changjinglu Technology Co., Ltd. is a company that specializes in providing an interactive marketing platform designed to integrate online and offline marketing efforts. Founded in 2017 and based in Hangzhou, China, the company caters primarily to new retail businesses by offering solutions that enhance customer engagement through interactive marketing and advertising. Changjinglu develops offline intelligent marketing terminals that facilitate memorable customer interactions at marketing sites, thus assisting clients in effectively promoting their products and generating customer traction. The company's focus on creating innovative marketing scenarios enables businesses to blend their online and offline strategies seamlessly.

Deep Intelligent Pharma

Series A in 2018
Beijing Deep Intelligent Pharma Technology Co., Ltd. specializes in leveraging artificial intelligence and blockchain technology to enhance drug discovery, development, and medical affairs for pharmaceutical companies. Founded in 2017 and based in Beijing, the company offers a range of products, including a multi-language medical machine translation engine, intelligent pharmacovigilance for risk management, and tools for creating multilingual educational materials. Deep Intelligent Pharma also provides AI-enabled solutions for medical writing, document review, and quality control, as well as a patient search ecosystem to facilitate medical and clinical research. Additionally, the company offers intelligent regulatory affairs solutions to streamline drug research and development processes. Operating globally, including in China, the United States, and Japan, Deep Intelligent Pharma aims to improve the efficiency and quality of the pharmaceutical development lifecycle.

Rebbeca Med

Series A in 2018
Rebecca is committed to the application of precision-controlled MEMS radio frequency technology in clinical disease control and rehabilitation. Its core technology comes from the core team's many years of experience and achievements in research and development and productization at the University of California, Fortune 500 medical equipment, and electronic equipment companies. The company cooperated with domestic university research institutes and many top three hospitals in Beijing, Shanghai, and Hangzhou to independently develop micro-radio frequency technology that surpassed similar products in Europe and America. It focuses on delivering innovative medical solutions to the hands of professional caregivers. Rebecca's team possesses technical expertise in micro-devices, RF, and device integration through years of field practice in micro-electronics and clinical innovation.

BiShiJie.com

Angel Round in 2018
BiShiJie.com, operated by Beijing Bishijie Network Technology Co. Ltd., is a digital currency investment platform based in Beijing, China. Founded in 2017, it focuses on providing news and insights related to bitcoin, blockchain technology, and other cryptocurrencies. The platform aims to assist investors in understanding and navigating the digital currency landscape, offering resources and tools that support informed investment decisions. Through its comprehensive content and community engagement, BiShiJie.com serves as a valuable resource for both novice and experienced investors in the evolving cryptocurrency market.

Locals

Series A in 2018
A online boutique guesthouse sharing and booking platform Based in Beijing,China.

Qianyu Islands

Series A in 2018
Qianyu Islands, the flagship brand of Beijing Beike Youjia Technology Co., Ltd., operates in the urban shared accommodation sector, focusing on providing diverse alternatives to traditional hotels and bed-and-breakfasts. Established in 2017, the company aims to meet the needs of a new generation of consumers by offering more flexible, cost-effective, and youthful accommodation options. Qianyu Islands emphasizes quality, experience, and innovation, utilizing an internet-based approach to transform the traditional accommodation industry. Its offerings include a variety of Japanese-style suites and hotel rooms, catering to clients seeking quality stay services in urban environments.

Youhua Technology

Seed Round in 2018
Shanghai based Media & Entertainment company.

Xiaoyang Edu

Series A in 2018
Beijing Xiaoyang Education Technology Co., Ltd. is a pioneer in smart campus and cloud services in primary and secondary schools. It has a world-leading technology research and development team. The company adheres to the concept of “application-driven, integrated innovation, overall planning, and personalized service” to adapt to the rapid development of educational information. The development and the wave of curriculum reforms triggered by the college entrance examination reform are based on a deep understanding of education and curriculum reform, using world-leading cloud computing and big data technologies to serve primary and secondary schools, helping regional education bureaus, schools and teachers to improve education management and teaching. Level.

The Good Stuff

Series B in 2018
Founded in 2016, The Good Stuff is a top community-based e-commerce startup that makes premium products and services accessible to middle-class Chinese consumers. It leverages China's upward trend in consumption and delivers a value of quality, wellness and fun. Their Curators search the world for premium offerings, from good farmers and artisanal producers, and deliver to their Stylists, mostly young parents who are opinion leaders in their communities - they select their favorites, share with the people around them and earn a commission for the value they produce.

Aibee

Angel Round in 2018
Aibee is an artificial intelligence startup founded in November 2017 by Dr. Yuanqing Lin, specializing in developing advanced technologies such as speech recognition, natural language processing, computer vision, and big data analytics. As a leading AI provider in China, Aibee focuses on delivering comprehensive AI solutions tailored to enhance and transform various vertical industries, particularly in the retail sector. The company's platform integrates multiple AI technologies to address industry-specific challenges, improve operational efficiency, and create new business opportunities for clients. By understanding the unique needs of its customers, Aibee aims to empower traditional industries with innovative tools and insights, thereby upgrading their capabilities and driving business value.

Internet of Services

Initial Coin Offering in 2018
The Internet of Services (IOS) offers a secure and scalable infrastructure for online service providers. Its high TPS, scalable and secure blockchain, and privacy protection provides infinite possibilities for online service providers to serve their customer base. IOST has offices in Beijing and San Francisco.

Nongtian Guanjia

Series A in 2018
Beijing Nongtian Guanjia Technology Co., Ltd. is an agricultural technology company based in Beijing, China, founded in 2016. The company operates a platform focused on fly-proof plant protection, utilizing unmanned aerial vehicles (UAVs) for pesticide spraying. It provides services that include risk protection and brand market support for farmers, enabling them to access agricultural technology easily through a single online click. The platform has successfully deployed over 3,000 fly-defense organizations and nearly 10,000 UAVs across multiple provinces in China, enhancing agricultural production efficiency and addressing labor shortages. Nongtian Guanjia's cloud-based management system leverages artificial intelligence to gather planting data, promoting standardization within the industry and contributing to the informatization of agricultural production. The company aims to extend its services across the entire agricultural supply chain, from planting to harvesting, ultimately improving the livelihoods of farmers by making agricultural practices more manageable and efficient.

TOGO

Series B in 2018
Togo is a Chinese company providing car-sharing services. The company currently offers Smart Fortwo and Citreon C3-XR vehicles and features one-way point-to-point rentals. Users are charged by the minute and the driving distance. The rates are all-inclusive and cover rental, gas, insurance, parking (in authorized areas), and maintenance. The service forgoes the typical centralized rental office, and cars are user-accessed wherever parked via a downloadable smartphone app. As of December 2016, Togo is one of the largest car-sharing company in Beijing with over 300,000 members and over 1,000 vehicles.

Intellifusion

Series B in 2017
Shenzhen Intellifusion Technologies Co., Ltd. is a technology company founded in August 2014, specializing in artificial intelligence and chip technology. The company focuses on developing core products, including algorithm software and chips, aimed at structuring the physical world through AI to create digital twin cities. Intellifusion's comprehensive AI technology platform supports various applications in public safety, social governance, new business, and AIoT. Its innovative solutions have been implemented across numerous cities in China, including Shenzhen, Beijing, and Shanghai, as well as in Southeast Asia and over 100 other regions. Intellifusion is backed by a team of international experts dedicated to advancing AI technology for diverse societal needs.

Hesai Technology

Venture Round in 2017
Hesai Technology is a company based in Shanghai, China, founded in 2014. It specializes in designing laser radar systems using smart sensing technology. The primary application of these systems is to facilitate autonomous driving by enabling car companies to monitor mixed gas composition and detect hazardous leaks. Additionally, Hesai Technology develops natural gas leak detection systems for industrial processes. Its LiDAR products are used in a variety of applications including advanced driver assistance systems (ADAS), autonomous vehicle fleets, last-mile delivery robots, street sweeping robots, and logistics robots. The company operates through two main segments: the LiDAR segment and the gas detection segment, with the former being the primary revenue generator.

Transfereasy

Series A in 2017
TransferEasy Inc. is a Beijing-based company that operates an online platform specializing in international remittance services. Founded in 2014, it provides a range of financial services including cross-border money transfers for individuals and businesses, as well as tuition and living expense transfers for international students. The platform features membership registration and identity verification to ensure secure transactions, along with tools for clients to initiate remittances and track their transfers. Additionally, TransferEasy offers foreign exchange management solutions and aims to enhance transaction efficiency while reducing costs associated with cross-border payments. Its technology-driven approach includes an algorithm designed to simplify the transaction process and ensure compliance and security for users.

Deep Intelligent Pharma

Seed Round in 2017
Beijing Deep Intelligent Pharma Technology Co., Ltd. specializes in leveraging artificial intelligence and blockchain technology to enhance drug discovery, development, and medical affairs for pharmaceutical companies. Founded in 2017 and based in Beijing, the company offers a range of products, including a multi-language medical machine translation engine, intelligent pharmacovigilance for risk management, and tools for creating multilingual educational materials. Deep Intelligent Pharma also provides AI-enabled solutions for medical writing, document review, and quality control, as well as a patient search ecosystem to facilitate medical and clinical research. Additionally, the company offers intelligent regulatory affairs solutions to streamline drug research and development processes. Operating globally, including in China, the United States, and Japan, Deep Intelligent Pharma aims to improve the efficiency and quality of the pharmaceutical development lifecycle.

12 Sigma Technologies

Series B in 2017
12 Sigma Technologies, founded in April 2015, specializes in modern medical image diagnosis and medical data analysis, leveraging advanced artificial intelligence technology. The company focuses on the integration of medical imaging and AI, recognizing the substantial potential in this combination for enhancing diagnostic capabilities. To advance its offerings, 12 Sigma has established partnerships with General Electric to co-develop smart diagnostic products aimed at addressing conditions such as tumors and cardiovascular diseases. Additionally, the company collaborates with over 50 leading hospitals in China to conduct applied medical diagnostics, technical research, and clinical trials, positioning itself as a key player in the healthcare technology sector.

Aibee

Seed Round in 2017
Aibee is an artificial intelligence startup founded in November 2017 by Dr. Yuanqing Lin, specializing in developing advanced technologies such as speech recognition, natural language processing, computer vision, and big data analytics. As a leading AI provider in China, Aibee focuses on delivering comprehensive AI solutions tailored to enhance and transform various vertical industries, particularly in the retail sector. The company's platform integrates multiple AI technologies to address industry-specific challenges, improve operational efficiency, and create new business opportunities for clients. By understanding the unique needs of its customers, Aibee aims to empower traditional industries with innovative tools and insights, thereby upgrading their capabilities and driving business value.

Flexiv

Series A in 2017
Flexiv Ltd. is a robotics and artificial intelligence company that specializes in developing and manufacturing adaptive robots. Founded in 2016 and headquartered in Shanghai, with additional offices in Shenzhen, Beijing, and Santa Clara, California, Flexiv integrates advanced technologies such as force control, computer vision, and AI into its products. The company's flagship robot, RIZON, is designed for applications including curved-surface processing, plugging, and assembly. Flexiv's robotic systems are utilized across various industries, including automotive electronics, new energy, home appliances, consumer electronics, and aerospace. The company focuses on providing innovative solutions that enhance industrial automation, enabling businesses to improve efficiency and safely collaborate with human workers in complex environments.

Flexiv

Series A in 2017
Flexiv Ltd. is a robotics and artificial intelligence company that specializes in developing and manufacturing adaptive robots. Founded in 2016 and headquartered in Shanghai, with additional offices in Shenzhen, Beijing, and Santa Clara, California, Flexiv integrates advanced technologies such as force control, computer vision, and AI into its products. The company's flagship robot, RIZON, is designed for applications including curved-surface processing, plugging, and assembly. Flexiv's robotic systems are utilized across various industries, including automotive electronics, new energy, home appliances, consumer electronics, and aerospace. The company focuses on providing innovative solutions that enhance industrial automation, enabling businesses to improve efficiency and safely collaborate with human workers in complex environments.

Source Technology

Seed Round in 2017
Source Technology is a company based in China that specializes in developing software for head-mounted displays (HMD) used in virtual reality (VR) and augmented reality (AR) applications. The company aims to make VR and AR technology accessible for everyday use. Source Technology addresses customer inquiries through various channels, including phone, email, and online platforms, ensuring users receive support and information as needed.

COHO

Series A in 2017
COHO Inc., founded in 2003 and based in Shanghai, China, specializes in developing software solutions for human resource and workforce management. The company offers a range of applications, including WTS Mobile and iTime Cloud Attendance, both available on Android and iOS, as well as WebOne-Central, a cloud-based platform. COHO's software is designed to track employee attendance, monitor work processes, and provide intelligent scheduling, helping organizations manage their workforce more efficiently.

Meiweishenghuo (Delicious Life)

Series A in 2017
Meiweishenghuo, also known as Delicious Life, is a Beijing-based company that specializes in the manufacturing and operation of smart vending machines across urban centers in China. Founded by a former manager from Meituan-Dianping, the company provides a checkout-free shopping experience that enables customers to purchase fresh produce, including lunchboxes, fruits, salads, snacks, and beverages, by simply scanning a QR code. Meiweishenghuo collaborates with leading merchants to ensure high-quality offerings, utilizing full cold-chain distribution to maintain the freshness and preservation of its products. The company is focused on establishing the largest offline platform for intelligent vending machines in China, making fine food easily accessible to consumers.

Light Theto

Series A in 2017
Light Theto Beijing Science and Technology Development Co specializes in the research, development, manufacture, and supply of diffraction optics and micro-nano optical solutions. Based in Beijing, China, the company focuses on providing complete optical solutions for various applications, including three-dimensional sensing in LED and laser lighting, vehicle systems, security monitoring, human-computer interaction, and industrial automation. Light Theto boasts a top-tier research and development team and has established mature production technology. The company has developed proprietary diffractive optical design software and utilizes advanced nanometer manufacturing techniques. Its efficient mass production processes enable the company to produce high-quality diffractive optical elements at scale, positioning it as a leader in the industry.

Cikers Sports Lab

Series A in 2017
Cikers Sports, established in 2015 and located in Haidian District, China, operates as a multifaceted sportswear brand and football competition management platform. The company specializes in providing high-quality, customizable teamwear designed for sports teams, clubs, schools, and universities. Cikers Sports emphasizes sustainable practices, utilizing premium materials to create unique football gear that meets the specific needs of athletes. In addition to its apparel offerings, the company also provides event services and social networking features, enhancing the overall experience for participants in sports competitions.

TOGO

Series B in 2017
Togo is a Chinese company providing car-sharing services. The company currently offers Smart Fortwo and Citreon C3-XR vehicles and features one-way point-to-point rentals. Users are charged by the minute and the driving distance. The rates are all-inclusive and cover rental, gas, insurance, parking (in authorized areas), and maintenance. The service forgoes the typical centralized rental office, and cars are user-accessed wherever parked via a downloadable smartphone app. As of December 2016, Togo is one of the largest car-sharing company in Beijing with over 300,000 members and over 1,000 vehicles.

Ke.com

Series A in 2017
Beike (www.ke.com) was founded in early 2018, China's newest, smartest and technology-driven multi-service property platform, designed to improve user experience and increase exposure for our trusted partners at the same time. Beike is an open platform and enables excellent agents to use resources more effectively, together to be a high-quality ecosystem of second-hand property, new property, rental property and decoration on the one hand. On the other, All accredited partners through providing high-quality housing and technical support, and partner could apply to be a franchisee. In the following several years, Beike aims to cover over 300 cities in China and franchise more than 100 partners, linking 100 thousand branches and 1 million property agents and serving over 200 million households. Beike Overseas was designed to meet the needs for the growing number of Chinese families seeking overseas property, including new property, secondhand property, and rental property. Beike overseas now covers 11 countries, the U.S., Canada, Australia, New Zealand, the U.K., France,Germany, Singapore, Japan, Thailand, and Korea, and has over 10,000 listings online.

CastBox

Series A in 2017
CastBox is a spoken audio platform founded in 2016 and based in Beijing, China, with additional offices in Hong Kong and San Francisco. The platform allows users to easily find, access, and enjoy a wide range of spoken audio content, including podcasts, on-demand radio, and audiobooks, across multiple devices such as mobile phones, desktops, and smart home devices. CastBox employs proprietary technology, including curated podcast recommendations and an in-audio deep search feature powered by natural language processing and machine learning. This technology enables the platform to deliver personalized listening experiences tailored to individual user preferences and habits. The service is available in multiple languages, making it accessible to a global audience.

MioTech

Series A in 2017
MioTech Information Technology (Shanghai) Co., Limited is an artificial intelligence platform based in Shanghai, China, with additional offices in Hong Kong. Founded in 2016, the company specializes in developing software solutions for investment managers, enabling them to navigate complex data and enhance client service. MioTech's platform integrates and analyzes diverse data sources to streamline the investment process, offering a data-driven experience. Additionally, the company focuses on sustainability and environmental, social, and corporate governance (ESG) data, providing financial institutions, enterprises, and governments with tools to monitor and manage sustainability metrics in real time. MioTech's innovative approach is supported by notable investors, including Horizons Ventures and ZhenFund.

Yatsen Holding

Series B in 2017
Yatsen Holding Limited, established in 2016 and headquartered in Guangzhou, China, specializes in the development and sale of beauty products. The company operates under several brands, including Perfect Diary, Little Ondine, and Abby’s Choice. Its product portfolio encompasses a wide range of items such as color cosmetics, skincare, nail care, makeup tools, accessories, kits, perfumes, beauty devices, and colored contact lenses. Yatsen Holding Limited distributes its products through both physical stores and online channels. The company's flagship brand, Perfect Diary, achieved significant success by becoming the top color cosmetics brand in China in terms of online retail sales value within three years of its launch.

TOGO

Series A in 2017
Togo is a Chinese company providing car-sharing services. The company currently offers Smart Fortwo and Citreon C3-XR vehicles and features one-way point-to-point rentals. Users are charged by the minute and the driving distance. The rates are all-inclusive and cover rental, gas, insurance, parking (in authorized areas), and maintenance. The service forgoes the typical centralized rental office, and cars are user-accessed wherever parked via a downloadable smartphone app. As of December 2016, Togo is one of the largest car-sharing company in Beijing with over 300,000 members and over 1,000 vehicles.

Tuanjian Duizhang

Series B in 2017
A Education Platform based in Shanghai,China.

Duia

Series B in 2017
Beijing Duia Online Education Technology Co., Ltd. is a Chinese enterprise specializing in online education services. The company offers a platform for live learning that focuses on developing professional technical skills. Duia provides a range of well-structured career development classes, covering subjects such as accounting, childhood education, finance, economics, English, design, and psychology. Its aim is to supply comprehensive educational resources for individuals seeking to enhance their technical expertise and advance their careers.

Xiangwushuo

Seed Round in 2017
Xiangwushuo is a Beijing-based company that operates an online platform for the buying and selling of unused items. It facilitates the trading of new and idle goods through a unique marketplace that employs a point system, allowing users to exchange items without the need for actual currency. In addition to individual transactions, Xiangwushuo offers business owners the opportunity to promote and sell their products online, enhancing the platform's functionality as a comprehensive marketplace for both personal and commercial goods.

YCloset

Series C in 2017
YCloset was an online platform based in Beijing that offered a clothing rental and shopping service specifically for women. Founded in 2015, the platform allowed users to enroll for a monthly fee, enabling them to rent clothes and accessories without additional charges for individual items. YCloset operated in approximately 40 cities across China, including major urban centers like Beijing, Shanghai, Guangzhou, and Shenzhen. The company partnered with over a hundred fashion brands to provide a diverse selection of rental options, helping women stay current with fashion trends without the need to purchase new clothing. However, YCloset announced its closure, ceasing operations by August 15, 2021.

Zaihui

Series B in 2017
Zaihui is a Chinese company founded in 2015 that specializes in providing a SaaS-based data-driven marketing automation solution tailored for local businesses. The company offers a comprehensive platform that includes member management, customer relationship management, and customized marketing strategies supported by big data. Zaihui's services enable local merchants, particularly in the restaurant sector, to enhance operational efficiency through features such as QR code ordering, online payment, and loyalty programs. The platform facilitates intelligent precision marketing, brand packaging, and various promotional activities, empowering small and medium-sized enterprises to establish their unique branding and improve customer engagement.

Citybox

Series A in 2017
Citybox is a smart vending machine operator based in Shanghai, China, founded in 2015. The company provides automated retail terminals that function as checkout-free convenience stores. These terminals are equipped with QR code scanning, anti-theft features, and user tracking capabilities. Citybox offers a variety of fresh produce, including yogurt and chilled lunchboxes, catering to diverse environments such as offices, residential communities, shopping malls, and schools. Customers can access the products by scanning a unique QR code, allowing for a seamless shopping experience where the bill is automatically sent to their smartphones after closing the terminal door.

Citybox

Series A in 2017
Citybox is a smart vending machine operator based in Shanghai, China, founded in 2015. The company provides automated retail terminals that function as checkout-free convenience stores. These terminals are equipped with QR code scanning, anti-theft features, and user tracking capabilities. Citybox offers a variety of fresh produce, including yogurt and chilled lunchboxes, catering to diverse environments such as offices, residential communities, shopping malls, and schools. Customers can access the products by scanning a unique QR code, allowing for a seamless shopping experience where the bill is automatically sent to their smartphones after closing the terminal door.

Ke.com

Seed Round in 2017
Beike (www.ke.com) was founded in early 2018, China's newest, smartest and technology-driven multi-service property platform, designed to improve user experience and increase exposure for our trusted partners at the same time. Beike is an open platform and enables excellent agents to use resources more effectively, together to be a high-quality ecosystem of second-hand property, new property, rental property and decoration on the one hand. On the other, All accredited partners through providing high-quality housing and technical support, and partner could apply to be a franchisee. In the following several years, Beike aims to cover over 300 cities in China and franchise more than 100 partners, linking 100 thousand branches and 1 million property agents and serving over 200 million households. Beike Overseas was designed to meet the needs for the growing number of Chinese families seeking overseas property, including new property, secondhand property, and rental property. Beike overseas now covers 11 countries, the U.S., Canada, Australia, New Zealand, the U.K., France,Germany, Singapore, Japan, Thailand, and Korea, and has over 10,000 listings online.

Magic Ears

Seed Round in 2017
Magic Ears is an online teaching platform that offers English language classes specifically designed for children aged 5 to 12 in China. The company employs qualified native English-speaking teachers from America and Europe, utilizing innovative technology to deliver a natural and efficient learning experience. Through live video instruction and the use of authoritative textbooks, Magic Ears enables children to learn English in an engaging and pleasant environment, allowing teachers to focus solely on teaching.

Banlan Information Technology (Shanghai)

Seed Round in 2017
Banlan Information Technology (Shanghai) Co., Ltd. is a Chinese company that specializes in providing design materials and execution tools for the soft decoration segment of the home design process. The company operates under the brand Zhulogic, which offers a comprehensive design material library to assist designers in their projects. In addition to its design resources, Banlan focuses on facilitating the transformation and upgrading of the home furnishings manufacturing industry, helping to modernize and enhance production processes. Through these services, Banlan aims to support professionals in creating aesthetically pleasing and functional home environments.

Qianyu Islands

Angel Round in 2017
Qianyu Islands, the flagship brand of Beijing Beike Youjia Technology Co., Ltd., operates in the urban shared accommodation sector, focusing on providing diverse alternatives to traditional hotels and bed-and-breakfasts. Established in 2017, the company aims to meet the needs of a new generation of consumers by offering more flexible, cost-effective, and youthful accommodation options. Qianyu Islands emphasizes quality, experience, and innovation, utilizing an internet-based approach to transform the traditional accommodation industry. Its offerings include a variety of Japanese-style suites and hotel rooms, catering to clients seeking quality stay services in urban environments.

Chaitin Tech

Series A in 2017
Beijing Chaitin Tech Co., Ltd. is a technology-oriented security company focused on addressing Internet security challenges. With a highly skilled research and development team, Chaitin Tech specializes in creating customized security products and services aimed at enhancing the security capabilities of enterprises. The company develops innovative web application security solutions that protect critical assets from evolving cyber threats. By leveraging advanced technologies and methods, Chaitin Tech strives to improve domestic security levels while aligning with global standards in cybersecurity.

Banlan Information Technology (Shanghai)

Seed Round in 2017
Banlan Information Technology (Shanghai) Co., Ltd. is a Chinese company that specializes in providing design materials and execution tools for the soft decoration segment of the home design process. The company operates under the brand Zhulogic, which offers a comprehensive design material library to assist designers in their projects. In addition to its design resources, Banlan focuses on facilitating the transformation and upgrading of the home furnishings manufacturing industry, helping to modernize and enhance production processes. Through these services, Banlan aims to support professionals in creating aesthetically pleasing and functional home environments.

Yatsen Holding

Convertible Note in 2017
Yatsen Holding Limited, established in 2016 and headquartered in Guangzhou, China, specializes in the development and sale of beauty products. The company operates under several brands, including Perfect Diary, Little Ondine, and Abby’s Choice. Its product portfolio encompasses a wide range of items such as color cosmetics, skincare, nail care, makeup tools, accessories, kits, perfumes, beauty devices, and colored contact lenses. Yatsen Holding Limited distributes its products through both physical stores and online channels. The company's flagship brand, Perfect Diary, achieved significant success by becoming the top color cosmetics brand in China in terms of online retail sales value within three years of its launch.

Nongtian Guanjia

Series A in 2017
Beijing Nongtian Guanjia Technology Co., Ltd. is an agricultural technology company based in Beijing, China, founded in 2016. The company operates a platform focused on fly-proof plant protection, utilizing unmanned aerial vehicles (UAVs) for pesticide spraying. It provides services that include risk protection and brand market support for farmers, enabling them to access agricultural technology easily through a single online click. The platform has successfully deployed over 3,000 fly-defense organizations and nearly 10,000 UAVs across multiple provinces in China, enhancing agricultural production efficiency and addressing labor shortages. Nongtian Guanjia's cloud-based management system leverages artificial intelligence to gather planting data, promoting standardization within the industry and contributing to the informatization of agricultural production. The company aims to extend its services across the entire agricultural supply chain, from planting to harvesting, ultimately improving the livelihoods of farmers by making agricultural practices more manageable and efficient.

COHO

Angel Round in 2017
COHO Inc., founded in 2003 and based in Shanghai, China, specializes in developing software solutions for human resource and workforce management. The company offers a range of applications, including WTS Mobile and iTime Cloud Attendance, both available on Android and iOS, as well as WebOne-Central, a cloud-based platform. COHO's software is designed to track employee attendance, monitor work processes, and provide intelligent scheduling, helping organizations manage their workforce more efficiently.

YITU

Series C in 2017
Yitu Limited is a prominent artificial intelligence company based in Shanghai, China, founded in 2012. The firm specializes in the research and development of AI solutions across various sectors, including smart cities, healthcare, and commerce. Yitu focuses on areas such as machine vision, natural language understanding, and intelligent hardware, seeking to create comprehensive solutions that enhance operational efficiency and drive innovation. The company offers a range of products, including AI infrastructure for city management, medical diagnostic technologies, and applications for smart finance and retail. With a strong emphasis on fundamental research, Yitu aims to deliver breakthroughs that expand the potential of AI and contribute to a safer, faster, and healthier world. Its advanced R&D team is dedicated to transforming industries by integrating AI technologies into practical business applications.

TOGO

Series A in 2017
Togo is a Chinese company providing car-sharing services. The company currently offers Smart Fortwo and Citreon C3-XR vehicles and features one-way point-to-point rentals. Users are charged by the minute and the driving distance. The rates are all-inclusive and cover rental, gas, insurance, parking (in authorized areas), and maintenance. The service forgoes the typical centralized rental office, and cars are user-accessed wherever parked via a downloadable smartphone app. As of December 2016, Togo is one of the largest car-sharing company in Beijing with over 300,000 members and over 1,000 vehicles.

12 Sigma Technologies

Series A in 2017
12 Sigma Technologies, founded in April 2015, specializes in modern medical image diagnosis and medical data analysis, leveraging advanced artificial intelligence technology. The company focuses on the integration of medical imaging and AI, recognizing the substantial potential in this combination for enhancing diagnostic capabilities. To advance its offerings, 12 Sigma has established partnerships with General Electric to co-develop smart diagnostic products aimed at addressing conditions such as tumors and cardiovascular diseases. Additionally, the company collaborates with over 50 leading hospitals in China to conduct applied medical diagnostics, technical research, and clinical trials, positioning itself as a key player in the healthcare technology sector.

Saphlux

Series A in 2017
Saphlux, Inc. is a company focused on the development, production, and commercialization of semi-polar gallium nitride (GaN) materials and micro-LED technologies. Founded in 2014 and headquartered in New Haven, Connecticut, Saphlux addresses key issues in the LED and laser industries, such as droop and green gap problems, by offering semi-polar GaN templates in various sizes. Additionally, Saphlux is a pioneer in quantum dot (QD) micro-LED solutions, designing and manufacturing micro-LED chips and micro-display modules for diverse applications, including automotive displays and augmented reality glasses. Their current product offerings include the NPQD R1 chip for public information displays and the NPQD T1 micro-display for AR applications. Operating globally, Saphlux has established a presence in the United States, China, and Japan, aiming to enhance the efficiency and performance of LED products while maintaining competitive pricing.

YCloset

Series B in 2017
YCloset was an online platform based in Beijing that offered a clothing rental and shopping service specifically for women. Founded in 2015, the platform allowed users to enroll for a monthly fee, enabling them to rent clothes and accessories without additional charges for individual items. YCloset operated in approximately 40 cities across China, including major urban centers like Beijing, Shanghai, Guangzhou, and Shenzhen. The company partnered with over a hundred fashion brands to provide a diverse selection of rental options, helping women stay current with fashion trends without the need to purchase new clothing. However, YCloset announced its closure, ceasing operations by August 15, 2021.

Zero Zero Robotics

Series B in 2017
Zero Zero Robotics Inc. is a manufacturer of advanced hover cameras, founded in 2014 and headquartered in Shenzhen, China, with additional offices in Beijing, San Francisco, Hangzhou, and Taiwan. Co-founded by Stanford Ph.D.s MQ Wang and Tony Zhang, the company focuses on developing smart flying robotics that enhance user experiences. Its flagship product, the Hover Camera Passport, is designed for capturing unique perspectives and significant moments, and has garnered multiple awards, including accolades from Red Dot Design and CES. The camera operates using Qualcomm’s Snapdragon Flight drone software and incorporates artificial intelligence for navigation, making it suitable for a variety of events such as family vacations and weddings. With a workforce of over 120 employees, Zero Zero has established partnerships, including a notable collaboration with Apple retail, and has attracted investment from firms such as IDG and GSR Ventures.

Xiaohongshu

Series C in 2017
Xiaohongshu, founded in 2013 and based in Shanghai, China, is a lifestyle sharing platform that allows users to share experiences through text, images, and videos. Initially aimed at assisting overseas travelers with shopping, it has transformed into a vibrant community focused on various lifestyle areas, including cosmetics, fashion, food, travel, entertainment, reading, fitness, and childcare. The platform serves as a social e-commerce space where users can post their favorite products, share shopping experiences, and discover global merchandise, particularly in luxury and beauty sectors. By fostering user-generated content, Xiaohongshu encourages a collaborative environment for lifestyle enthusiasts to exchange insights and recommendations.

Deep Glint

Series B in 2017
Deep Glint is a Beijing-based technology company that specializes in artificial intelligence products and solutions. The company utilizes 3D computer vision and machine learning technologies to enhance understanding of human behavior and environment interactions. Deep Glint is recognized for its pioneering automatic analysis solutions that monitor human behavior and trajectory, primarily serving sectors such as banking and retail. Additionally, the company offers its expertise in urban management, smart finance, sports health, and rail transit operation maintenance, contributing to advancements in these diverse fields.

Er Geng

Venture Round in 2017
Er Geng is a video content platform that focuses on travel, culture, and food-related media. The platform provides lifestyle videos accessible through popular social media channels such as WeChat, Youku, and Weibo. By showcasing diverse cultural experiences, Er Geng aims to engage users and broaden their understanding of different lifestyles. The company also has plans for significant expansion, targeting 30 cities across 20 provinces in China to enhance its reach and influence in the media landscape.

TOGO

Venture Round in 2017
Togo is a Chinese company providing car-sharing services. The company currently offers Smart Fortwo and Citreon C3-XR vehicles and features one-way point-to-point rentals. Users are charged by the minute and the driving distance. The rates are all-inclusive and cover rental, gas, insurance, parking (in authorized areas), and maintenance. The service forgoes the typical centralized rental office, and cars are user-accessed wherever parked via a downloadable smartphone app. As of December 2016, Togo is one of the largest car-sharing company in Beijing with over 300,000 members and over 1,000 vehicles.
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