ZWC Ventures

ZWC Ventures is a venture capital firm established in 2015 and headquartered in Beijing, China. The firm specializes in early and growth stage investments across various sectors, including technology, media, telecommunications, consumer goods, and artificial intelligence. With a focus on Asia's rapidly expanding markets, ZWC Ventures aims to foster innovation and support startups by providing both financial backing and access to a network of industry resources. The firm collaborates with industry leaders and experienced entrepreneurs, creating a unique ecosystem that enhances the potential for entrepreneurial success. ZWC Ventures adheres to a core investment philosophy centered on altruism and innovative value investing, ensuring that its investments contribute positively to social sustainability while promoting technological advancement.

Vivian Xu

Partner

Michael Yao

Partner

43 past transactions

Vilion

Seed Round in 2024
Vilion is a high-tech company that combines research and development, sales, and service of battery energy storage solutions. Vilion concentrates on C&I user side battery energy storage system integration technical services and is dedicated to being a competent technology and solution service provider in order to provide enterprises with dependable goods and technical services.

SprintRay

Series D in 2022
SprintRay is a manufacturer of 3D printing technology specifically designed for the dental industry. Founded in 2014, the company focuses on creating advanced, user-friendly products that empower dental professionals to enhance their services and respond swiftly to patient needs. By providing comprehensive additive manufacturing solutions, SprintRay aims to transform digital dentistry and expand the applications of desktop 3D printing in various sectors. The company's commitment to accessibility and reliability positions it as a forward-thinking player in the market, dedicated to improving the efficiency of dental practices and enhancing patient care.

Xunshi Technology

Series D in 2022
Zhejiang Xunshi Technology Co., Ltd. specializes in the development and manufacturing of 3D printers, printing consumables, and 3D scanners. The company offers a range of desktop printers tailored for specific sectors, including the MoonRay D for dental applications, MoonRay J for jewelry, and MoonRay S for educational purposes. Its industrial printer lineup features the SLA laser rapid prototyping printer, the SolarRay DLP 3D printer, and ceramic 3D printers such as the CeraRay CR-I and CeraRay TC-I. Additionally, Xunshi produces 3D architectural printers designed for contour crafting and provides photosensitive resin and photocurable wax products for dentistry, jewelry, and ceramics. The company's desktop scanners serve various applications in dental medicine, education, research, and industry. Established in 2013, Xunshi Technology is headquartered in Shaoxing, China.

Huili Bio

Series A in 2022
Huili Bio is a next-generation synthetic biology enzyme computational design platform.

WeShine Network

Series B in 2022
WeShine Network is a marketing and service platform based in Nanjing, China, established in 2015. The company specializes in providing integrated marketing solutions, primarily utilizing the WeChat platform to facilitate corporate account management for business users. WeShine Network enables enterprises to attract and acquire customers through various channels, enhancing their marketing precision and broadening their customer base. With over 150,000 businesses served and more than 30,000 paid enterprise users, the company has built a substantial presence globally, supported by a network of over 600 channel partners. Its offices are located in major cities such as Guangzhou, Shenzhen, Beijing, Shanghai, Wuxi, and Wuhan.

Datong

Private Equity Round in 2021
Datong Insurance is a professional third-party financial insurance service organization. Datong’s subsidiaries include Datong Insurance Sales Service Co., Ltd., Beijing Datong Insurance Brokers Co., Ltd., among which Datong Insurance Sales Service Co., Ltd. is approved by the China Insurance Regulatory Commission. The first national insurance professional sales and service organization approved to be established. At present, the Datong service network has covered more than 20 provinces and municipalities across the country.

TrunkTech

Series B in 2021
TrunkTech is focused on the industrialization of intelligent driving technology, specializing in the development of Level 4 driverless truck solutions tailored for logistics transportation. The company collaborates with various original equipment manufacturers (OEMs) both domestically and internationally to create automated driving floor products aimed at industrial clientele. Based in Tsinghua Science Park, TrunkTech boasts a team of over 20 experts with experience from renowned organizations such as Google, Baidu, MSRA, and Tesla. The company’s technical expertise encompasses the full spectrum of smart driving technologies, having achieved significant advancements in environmental awareness, driving awareness, intelligent control, and automotive electronics. TrunkTech's research and development efforts focus on a comprehensive intelligent logistics system that addresses diverse scenarios, including port hubs, high-speed trunk lines, logistics parks, and urban distribution, ultimately enhancing the safety, efficiency, and cost-effectiveness of logistics operations.

Cyclone Robotics

Series C in 2021
Cyclone Robotics is a Chinese company specializing in the development and sale of artificial intelligence software products known as digital employees. These products are designed to enhance operational efficiency across various industries, including finance, insurance, retail, healthcare, and technology. By providing enterprises with digital labor, Cyclone Robotics helps improve business operations, reduce personnel and system construction costs, and streamline processes. The company holds independent copyrights and intellectual property rights for its software, which has been successfully implemented in notable organizations such as large state-owned banks, foreign home appliance companies, and listed technology firms. Cyclone Robotics is recognized for being a pioneer in delivering industry-specific solutions based on its digital employee technology, earning widespread acclaim from its clients.

Eswin

Series B in 2021
Eswin specializes in integrated circuit (IC) application solutions across various sectors, including mobile devices, smart homes, smart transportation, and industrial IoT. The company manufactures 12-inch monocrystalline silicon polished and epitaxial wafers, which are essential for semiconductor production. Eswin is dedicated to optimizing advanced equipment and processes to produce high-quality, dislocation-free, ultra-flat silicon wafers, primarily utilized for logic chips, flash memory chips, dynamic random access memory (DRAM), image sensors, and display driver ICs. Additionally, Eswin offers rear-end IC packaging and testing services. The company operates research and development centers in China, the U.K., and South Korea, along with production facilities located in Xi'an, Chengdu, Hefei, and Suzhou.

Hefu Noodle

Series E in 2021
Hefu Noodle operates a chain of noodle restaurants in China, specializing in a variety of dishes that include herbal noodle soup, master gravy bolognese, super trotters, matsutake soup, meat sauce noodles, and crab oil shoots. Founded in 2012 and based in Shanghai, the company aims to establish itself as a leading brand in the Chinese-style high-end fast food sector. Hefu Noodle provides a unique dining experience that combines quality meals with traditional Chinese decor and a cozy atmosphere, catering to busy individuals seeking a slow-paced dining option.

Horizon Robotics

Series C in 2021
Horizon Robotics is a prominent provider of advanced driver assistance systems (ADAS) and autonomous driving solutions specifically designed for passenger vehicles. The company develops proprietary software and hardware that integrate advanced algorithms and specialized processing capabilities. These technologies form the foundation for enhanced driving automation, aiming to improve both safety and the overall experience for drivers and passengers. By focusing on innovative solutions, Horizon Robotics plays a key role in the evolution of assisted and autonomous driving.

Leyan Technologies

Series D in 2021
Leyan Technologies is an artificial intelligence company founded in April 2016 and headquartered in Shanghai, China. Specializing in software as a service (SAAS), Leyan develops an AI technology platform that offers digital solutions primarily for the robotics industry. The company's innovations are applied in various sectors, including e-commerce customer service, financial consulting, and medical consultation. By focusing on enhancing human-computer interaction, Leyan Technologies aims to improve customer experiences through intelligent customer service robots and tailored AI applications.

Fadada.com

Series D in 2021
Fadada is an online platform based in China that specializes in electronic contract services, including online electronic signatures, document signing, and evidence custody. The company serves a wide range of industries, such as finance, real estate, automotive, human resources, education, insurance, tourism, and logistics, as well as various government agencies. Fadada's services facilitate the signing and management of electronic contracts and documents, providing a secure and efficient solution for businesses engaged in B2B and B2C transactions. Additionally, the platform offers value-added services, including forensic and legal assistance, enhancing its offerings for clients seeking comprehensive electronic signature solutions.

GoPlay

Series A in 2020
GoPlay provides Indonesian consumers access to local movies and shows, with genres ranging from soaps to horror.

Gojek

Series F in 2020
PT Aplikasi Karya Anak Bangsa, commonly known as Gojek, is a mobile application-based platform founded in 2010 and headquartered in Jakarta, Indonesia. The company initially operated a motorcycle taxi fleet but has since evolved into a comprehensive Super App, offering a wide range of services including food delivery, transportation, digital payments, shopping, and various on-demand services such as massages. Launched in 2015, Gojek has rapidly become the largest consumer transactional technology group in Southeast Asia, driven by its commitment to speed, innovation, and social impact. The platform aims to empower the informal sector in the region while catering to diverse markets, including logistics, food, and entertainment.

WIZ.AI

Series A in 2020
Wiz Holdings PTE. Ltd. is a Singapore-based company that specializes in developing artificial intelligence software solutions and chatbots aimed at enhancing customer service and operational efficiency for large corporations across Southeast Asia. Founded in 2019, the company provides a range of offerings, including a smart talkbot designed for telemarketing, customer care, and smart guidance. Additionally, Wiz Holdings delivers artificial intelligence as a service (AaaS) solutions focused on mobile office security and big data analysis to improve user behavior insights. With offices in Singapore, Nanjing, and Jakarta, the company leverages a diverse team of experts to advance its humanistic AI conversational technology, enabling businesses to enhance their communication channels and optimize data utilization in a cost-effective manner.

Leyan Technologies

Series C in 2020
Leyan Technologies is an artificial intelligence company founded in April 2016 and headquartered in Shanghai, China. Specializing in software as a service (SAAS), Leyan develops an AI technology platform that offers digital solutions primarily for the robotics industry. The company's innovations are applied in various sectors, including e-commerce customer service, financial consulting, and medical consultation. By focusing on enhancing human-computer interaction, Leyan Technologies aims to improve customer experiences through intelligent customer service robots and tailored AI applications.

kuaituwuliu

Series B in 2020
Kuaituwuliu is a logistics hosting platform for small and medium-sized enterprises in the community. Express Rabbit uses artificial intelligence as its central technology to precisely interpret customer needs and produce individualized service solutions. This company focuses on the challenges faced by small and medium-sized businesses, such as low business volume, fragmented demand, and a lack of skilled logistics management and bargaining power.

Yunhu Health

Series A in 2019
Yunhu Health, also known as Hangzhou Yunhu Network Technology Co., Ltd., is a Chinese company established in 2017 that specializes in mobile medical testing services. The company operates a comprehensive platform offering pregnancy, genetic, and male pre-pregnancy chromosome testing, along with various health management services. Utilizing a self-built cold chain logistics system, Yunhu Health efficiently transports inspection samples to laboratories for analysis, ensuring that test results are promptly uploaded to its cloud-based platform. This allows customers to easily access and review their results online. Additionally, the platform provides value-added services such as interpretation of inspection reports and recommendations for disease diagnosis and treatment, enhancing the diagnostic capabilities of primary medical institutions across China.

WIZ.AI

Seed Round in 2019
Wiz Holdings PTE. Ltd. is a Singapore-based company that specializes in developing artificial intelligence software solutions and chatbots aimed at enhancing customer service and operational efficiency for large corporations across Southeast Asia. Founded in 2019, the company provides a range of offerings, including a smart talkbot designed for telemarketing, customer care, and smart guidance. Additionally, Wiz Holdings delivers artificial intelligence as a service (AaaS) solutions focused on mobile office security and big data analysis to improve user behavior insights. With offices in Singapore, Nanjing, and Jakarta, the company leverages a diverse team of experts to advance its humanistic AI conversational technology, enabling businesses to enhance their communication channels and optimize data utilization in a cost-effective manner.

RootCloud

Series B in 2019
RootCloud is a Beijing-based cloud computing platform founded in 2016, specializing in industrial Internet-of-Things (IoT) applications. It offers a comprehensive solution that encompasses various layers, including connection, platform, and application layers, aimed at enhancing industrial operations. The company primarily serves machine manufacturers, equipment users, government agencies, and social organizations, providing services such as smart manufacturing, research and development, and equipment financing. RootCloud leverages its extensive expertise in IoT and big data to support digital transformation and life-cycle management for large-scale manufacturing enterprises. By delivering service-as-a-service applications on public cloud infrastructure, RootCloud enables clients to improve operational efficiency and product quality, fundamentally reshaping the way industrial enterprises manage their businesses.

Leyan Technologies

Series B in 2019
Leyan Technologies is an artificial intelligence company founded in April 2016 and headquartered in Shanghai, China. Specializing in software as a service (SAAS), Leyan develops an AI technology platform that offers digital solutions primarily for the robotics industry. The company's innovations are applied in various sectors, including e-commerce customer service, financial consulting, and medical consultation. By focusing on enhancing human-computer interaction, Leyan Technologies aims to improve customer experiences through intelligent customer service robots and tailored AI applications.

Ritase

Series A in 2019
Ritase is a technology platform that facilitates connections between shippers and logistics companies for freight transportation in Indonesia. It offers an online-to-offline (O2O) truck freight solution that integrates services for both truckers and shippers, allowing for real-time monitoring of shipments. The platform provides detailed reporting capabilities, enabling clients to receive periodic automatic reports on profits generated from truck delivery services. By linking enterprise resource planning (ERP) systems with various logistics providers, Ritase enhances visibility and efficiency in the logistics process, ensuring that clients can track their shipments in real time.

Subject Code

Venture Round in 2019
Subject Code is a provider of children's programming education services, focusing on teaching coding to children aged 5-12. The company operates an AI-powered educational platform that offers a gamified and interactive curriculum, primarily using Scratch and Python as foundational languages. By integrating elements of storytelling and live-action recordings, Subject Code aims to engage young learners in coding concepts while fostering their interests in programming. The educational approach combines discipline with programming skills, making learning both effective and enjoyable for children in first- and third-tier cities.

Freemud

Series A in 2018
Freemud is a technology company that specializes in providing a smart retail operation platform designed for various sectors, including catering, convenience stores, and cosmetics. The company offers a low-code, low-cost platform as a service (PaaS) that enables businesses to develop customized, cloud-native digital applications. Freemud's solutions facilitate efficient digital payment processing and enhance operational capabilities for retailers and restaurants, allowing them to manage member assets throughout the customer lifecycle. By improving the consumption experience and fostering customer loyalty, Freemud helps businesses realize greater value through their digital transactions and interactions.

Global Scanner

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

Genepoint Biological Technology

Series A in 2018
Genepoint Biological Technology, based in Shanghai, China, specializes in manufacturing and distributing advanced devices for cryogenic biomaterial storage and handling. Their product portfolio includes automated cryo-bio storage systems, hybrid cryo-storage solutions, LIN vapor freezers, and specialized hoists for freezers, catering to life sciences researchers. The company is committed to advancing IoT, automation, and intelligence technologies in the field of cryogenic biomaterial management.

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.

D2iQ

Series D in 2018
D2iq, Inc. is a technology company that specializes in developing a datacenter operating system (DCOS) to streamline the management and deployment of applications across physical and cloud-based infrastructures. Founded in 2013 and headquartered in San Francisco, D2iq's core product, Mesosphere DCOS, is built on open-source technology and simplifies the execution of applications in a data center environment, akin to launching apps on a personal computer. The company also offers solutions such as Mesosphere Infinity, which facilitates the transformation of Big Data into actionable insights, and Conductor, an interactive platform for hands-on cloud-native training. In addition to its software offerings, D2iq provides architectural and consulting services, including expert consultations, on-site training, and custom installations. The company's strategic alliances with prominent firms enhance its service offerings, enabling organizations to adopt open-source and cloud-native innovations effectively.

Zhangzhongyi

Series A in 2018
Zhangzhongyi is an online-to-offline Chinese medical service platform. Zhangzhongyi is the developer of an online-to-offline medical service platform. The company is currently operating in Stealth mode.

Freemud

Series A in 2018
Freemud is a technology company that specializes in providing a smart retail operation platform designed for various sectors, including catering, convenience stores, and cosmetics. The company offers a low-code, low-cost platform as a service (PaaS) that enables businesses to develop customized, cloud-native digital applications. Freemud's solutions facilitate efficient digital payment processing and enhance operational capabilities for retailers and restaurants, allowing them to manage member assets throughout the customer lifecycle. By improving the consumption experience and fostering customer loyalty, Freemud helps businesses realize greater value through their digital transactions and interactions.

Junhetang

Series C in 2018
Junhetang is a prominent operator of traditional Chinese medicine clinics, specializing in a range of therapies and healthcare services. The company has established a network of clinics that provide traditional Chinese medicines, including herbal medicine, acupuncture, massage, and dietary therapies. By integrating TCM culture with the expertise of renowned practitioners, Junhetang aims to offer personalized medical services that cater to individual health needs. Additionally, the company leverages convenient internet services to enhance its healthcare management and service delivery. Headquartered in Nanjing, Junhetang is actively expanding its presence across various cities in China, including Shanghai, Shenzhen, Chengdu, and Taiyuan, thereby broadening access to traditional Chinese medicine for a wider audience.

4Paradigm

Series B in 2018
4Paradigm is a prominent artificial intelligence technology and service provider based in Beijing. The company specializes in enterprise AI, offering platform-centric software solutions that empower organizations to create their own decision-making AI applications. 4Paradigm's technology, particularly its innovative "migration learning" approach, is recognized as a significant advancement in AI, enabling enterprises to enhance efficiency, mitigate risks, and maximize commercial value. The company operates through three primary business segments: Sage AI Platform, SHIFT Intelligent Solutions, and SageGPT AIGS Services. These solutions are designed for large-scale deployment, allowing businesses to uncover hidden patterns in data and improve their decision-making processes. By focusing on enterprise needs rather than individual users, 4Paradigm positions itself as a leader in the AI sector, maintaining a competitive edge in migration learning technology.

Mianbaoxiaoke

Series A in 2017
Mianbaoxiaoke is a content monetization and community economy solution provider committed to helping self-media realise commercialization through content payment. They provide a learning platform for content and paid courses.

Souche

Series E in 2017
Souche, founded by Yao Junhong in December 2012, is a prominent automotive new retail platform in China. The company has attracted significant investments, raising over $1.2 billion by August 2018 from notable organizations such as Alibaba Group and Ant Financial Services Group. Recognized in the 2017 New Global Unicorns Ranking by PitchBook, Souche aims to be a central intelligence hub for the automotive industry. Over the years, it has developed an integrated automotive retail ecosystem that includes various businesses. These encompass Tangeche, an automotive financial leasing platform; Chehang168, a B2B industrial chain service platform; Cheyipai, an online used-car trading platform; and TIHD, a car-sharing service. Additionally, Souche offers SaaS products for used-car dealers through Dafengche and operates a new-car dealership network called Maicheguanjia. The company also provides ERP systems for dealership groups and integrated supply chain logistics services. Souche is often referred to as "the Alibaba of the Chinese automotive industry."

Tantan

Series D in 2017
Tantan Limited is a Beijing-based company that specializes in designing and developing a mobile social dating application. Founded in 2014, Tantan operates as a subsidiary of Momo Inc. The platform utilizes geolocation technology to match users with potential partners, facilitating interactions through live group chats that include text, voice messages, and video calls. This innovative approach allows users to discover and connect with new people, ultimately helping them find their ideal match and enabling real-life meetings. Tantan has gained significant popularity among millennials, boasting over 5 million active users worldwide.

Rulai

Series A in 2017
Rulai is a Silicon Valley-based company that specializes in AI-driven virtual customer assistants aimed at enhancing customer support and sales performance. Their platform employs advanced technologies, including Natural Language Understanding and deep learning, to facilitate human-like conversational interactions via chat and SMS. By automating responses and task completion, Rulai's virtual assistants help businesses manage increasing volumes of customer and employee inquiries more efficiently. The solution not only improves sales conversion rates but also enhances the overall customer experience through quick and accessible support. Rulai's technology allows for seamless escalation to human agents when complex issues arise. The company is backed by a team of highly regarded computer scientists and engineers, known for their extensive research contributions and expertise in machine learning, ensuring that Rulai remains at the forefront of AI innovation in customer service.

Xiaodian

Series B in 2017
Xiaodian Group, established in December 2016, is a technology-driven company specializing in mobile charging services. Utilizing advanced Internet of Things technology, it has developed a network that spans over 2,700 cities across China, catering to more than 450 million users. The company offers a range of products, including vending machines and mobile charging devices, strategically placed in high-traffic locations such as urban shopping centers, hotels, cinemas, airports, and high-speed rail stations. Xiaodian's services are designed to address various consumer needs across different scenarios, allowing users to conveniently charge their smartphones using QR code access. This comprehensive charging service network enhances the quality of life for users by providing seamless access to charging solutions in everyday environments.

BlueCart

Series B in 2017
BlueCart, Inc. is a free ordering platform designed to connect restaurants with suppliers, streamlining the wholesale procurement process. The company provides an operations management and inventory ordering service, enabling restaurants to efficiently consolidate and track their inventory orders while allowing suppliers to receive orders, market their products, and manage incoming requests through BlueCart’s website. Key features of the platform include real-time messaging between sales representatives and restaurants, customizable price sheets, and an ordering interface that fosters relationships between buyers and suppliers. BlueCart's solutions are accessible via both web and mobile applications, available on Android and iOS. Founded in 2014 and based in Washington, D.C., BlueCart was previously known as Improvonia, Inc. before rebranding in October 2015.

Miaopai

Series E in 2016
Miaopai develops a mobile based application for sharing short videos. Its service now has 70 million daily active users. Miaopai produces mobile device applications. It offers software products that allow users to customize videos and pictures. Chan Sheng and Han Kun founded Xuanyixia Technology in 2011 that later became Yixia Tech and then Miaopai. Its headquarters is in Beijing in China.

FXTrip

Venture Round in 2015
FXTrip is a travel itinerary planning site based in China.

QFPay

Venture Round in 2015
QFPay provides businesses with mobile payment technologies and value-added services. QFPay has been partnering with various mobile wallet providers including Alipay, WeChat Pay, China UnionPay, among others, servicing over 1 million+ merchants across Asia and executing over 500 million mobile payment transactions totaling USD30 billion+ in transaction value over the last 6 years.
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