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

SDIC Innovation Investment Management is the private equity and venture capital arm of State Development & Investment Corp. It was founded in July 2009 and is headquartered in Beijing, China, with an additional office in Asia. The firm targets investments in mobile internet, the Internet of Things, cloud computing, big data, and information technology services. It also focuses on intelligent robotics, intelligent manufacturing, industrial robotics, electric and new‑energy vehicles, high‑end medical equipment, advanced diagnostics, modern agricultural equipment, high‑end ships, marine engineering, rail transport equipment, new materials, clean energy, energy conservation, environmental protection, financial services, advanced manufacturing technology, industrial internet, media, technology, and healthcare. For new‑energy vehicles, it prioritises the intelligent upstream and downstream chain, power batteries, power systems, and advanced technology supply chains. In advanced manufacturing, it prefers medicine and health sectors.

Founded in 1986, Morningside Group is a venture capital firm based in the greater Boston area. It invests in companies with innovative science and technology across life sciences, digital health, AI, materials, and technology sectors.

Qiming Venture Partners is a China-based venture capital firm founded in 2006, with offices in Shanghai, Beijing, Suzhou, Hong Kong and Singapore, and a global arm through Qiming Venture Partners USA. It manages multiple funds and invests in early and growth-stage companies across technology, information technology, healthcare, new consumer sectors, AI, robotics, semiconductors, software and digital health. The firm emphasizes a hands-on approach, often taking board seats and providing operational guidance to help CEOs scale and reach exits. Through its investments, it has backed hundreds of companies and supported numerous IPOs and M&A outcomes, with unicorns among its portfolio, illustrating breadth and depth across China and international markets.

Sequoia Capital Israel is a venture capital firm that backs startups and growth companies across seed to late-stage rounds, with a focus on Israel. It invests across sectors including fintech, financial services, internet, mobile, technology, and healthcare, spanning banking, payments, advertising, ecommerce, data, security, software, and related enabling tech. Typical commitments range from 100,000 to 1 million in seed, 1 to 10 million in early venture, and 10 to 100 million in growth rounds. The firm is based in Tel Aviv and operates as part of Sequoia Capital's global network.

Shenzhen Capital Group Co., Ltd (SCGC) is a venture capital firm founded in 1999 by the Shenzhen Government. The company is dedicated to fostering national industries, developing national brands, and promoting economic transformation through investments in emerging sectors. SCGC primarily targets small to medium enterprises and innovative high-tech companies, focusing on those in various stages of growth, including startups and those undergoing transformation. Its investment portfolio spans industries that align with national policy support, such as information technology, internet services, new media, biopharmaceuticals, new energy, environmental protection, chemical engineering, and high-end equipment manufacturing. With a registered capital of 5.42 billion RMB and significant assets under management, SCGC has established itself as a leader in the venture capital landscape, having invested in numerous companies, many of which have achieved public listings across global capital markets.

WI Harper Group is a venture capital firm founded in 1993 with offices in San Francisco, Beijing, and Taipei. It focuses on early and early expansion investments across the United States, Greater China, and the Asia Pacific region, with emphasis on technology, healthcare, clean technology, artificial intelligence, biotechnology, robotics, fintech, IoT, insurtech, blockchain, media, and wellness sectors. The firm supports startups from seed to later stages and has a track record of more than 300 investments with over 80 exits. It manages more than $1 billion in capital across multiple funds and maintains a team of investment professionals in its core hubs. WI Harper seeks opportunities that combine scientific or tech innovations with scalable business models, aiming to help companies grow internationally and leverage cross-border opportunities.

Kinzon (Shenzhen) Investment Management is a venture capital firm founded in 2016 that focuses on early‑stage and growth investments in leading‑edge technology, innovative consumption, and education sectors. The firm operates secondary funds and maintains offices in Beijing, Shanghai, and Shenzhen.

GGV Capital is a global venture capital firm that invests in technology companies across various stages and sectors. Established in 2000, the firm has offices in Silicon Valley, Singapore, and Beijing, providing expansion capital ranging from $5 to $25 million for initial investments. GGV Capital focuses on companies operating in the U.S., China, India, Southeast Asia, Japan, Australia, Europe, and Israel.

Y&R Capital, established in May 2015, is a venture capital firm based in Beijing, China, focused on high-tech incubation and service management. It was jointly founded by Zhejiang Ganzhan Investment Management Co., Ltd. and Beijing Bochuang Xingsheng Technology Co., Ltd. The firm emphasizes investment in strategic emerging industries, particularly in the fields of medical health, artificial intelligence, robotics, and intelligent manufacturing. Y&R Capital aims to identify and support innovative companies that exhibit growth potential in these sectors, aligning its investment strategy with the evolving technological landscape.

ZhenFund is a Beijing-based venture capital firm focused on seed and early-stage investments in China. It was founded in 2011 by entrepreneurs Bob Xiaoping Xu and Victor Qiang Wang in collaboration with Sequoia Capital China. The firm backs a broad range of sectors including e-commerce, consumer, education, artificial intelligence, enterprise services, mobile internet, media, entertainment, sports, virtual reality, fintech, and healthcare. ZhenFund supports its portfolio companies with mentorship and resources such as biannual demo days for top Chinese VCs, ZhenHR services, marketing and PR consulting, and fundraising assistance, complemented by a large CEO network facilitated through a WeChat platform. It maintains a sizable portfolio network with hundreds of companies and more than 30 unicorns, and has been recognized as a leading early-stage investor in China for multiple years.

Shunwei Capital is a Beijing-based venture capital firm founded in 2011 that focuses on early to mid-stage investments in the local internet industry and related technology sectors. It emphasizes incubation and growth capital for startups across information technology, internet services, high technology, new media, games, internet finance, and rural internet, with cross-border interest in opportunities between China and India. The firm targets investments in mobile internet, IoT, smart hardware, and other internet-enabled platforms to support scalable digital economy ventures. Its investor base includes sovereign wealth funds, fund of funds, university endowments, and family offices, reflecting a diverse backing for its venture activities.

Matrix is a San Francisco based venture capital firm founded in 1977 that backs early-stage companies across AI, B2B, consumer, fintech, health tech, and infrastructure. It works with product teams from idea through Series A, offering hands-on support and strategic guidance to help portfolio companies reach scale. The team comprises former founders and operators who bring practical insight to building startups. Matrix operates globally, including Matrix Partners China, which builds long-term relationships with entrepreneurs in China and abroad and invests across sectors and stages. Over its history, Matrix has backed companies that progressed to IPOs or acquisitions, reflecting a focus on durable growth and long-term value creation through close founder collaboration and a global network.

F&G Venture was founded in September 2012 by a former rotating CEO of Huawei and a partner of Fidelity Asia. The firm concentrates on investing in companies that demonstrate rapid growth in information technology sectors, including IT infrastructure, cloud computing, the Internet of Things, software as a service, big data, microchip design, and semiconductors. It also targets high‑end manufacturing enterprises that produce modules, intelligent devices, equipment, robotics, and drones. Through its portfolio, F&G Venture seeks to support businesses that combine advanced technology with scalable business models.

Bright Venture Capital is a venture capital firm based in Shenzhen, China, focusing on early and middle-stage investments. The firm targets private equity opportunities in the primary market while also engaging in investments in the secondary market. Its investment interests span a range of sectors, including technology, media, telecommunications, healthcare, education, entertainment, new retail, and advanced manufacturing. By concentrating on these areas, Bright Venture Capital aims to support innovative companies and drive growth within the industries it invests in.

IMM Investment Corp. is a private equity and venture capital firm founded in 1999 and headquartered in Seoul, South Korea. The firm specializes in mezzanine financing and actively participates in mergers and acquisitions, venture capital investments, corporate restructuring, private equity deals, industry consolidation, management buyouts, spin‑offs, recapitalizations, and cross‑border transactions. It targets medium‑sized companies across a broad spectrum of sectors, including information technology infrastructure, wireless communications, entertainment and content, franchising, cement, software, electricity, food and beverage, machinery, game software, chemicals, paper manufacturing, and automobile parts. The investment strategy allocates 20 % to startups, 40 % to expansion, and 40 % to mezzanine opportunities, with a focus on IT infrastructure (security, application services, e‑commerce), content (education, gaming, animation), and digital hardware (network equipment, semiconductors). The firm also pursues secondary investments and prefers companies rated T5 or higher by the Tech Credit Bureau, maintaining an active management role in its portfolio.

Source Code Capital, established in 2014, is a prominent venture capital firm based in China, specializing in the Technology, Media, and Telecommunications (TMT) sectors. With approximately $1.5 billion USD and RMB 3.5 billion under management, the company invests in both early-stage startups and growth-stage companies, focusing on three key areas: Internet+, AI+, and Global+. Their portfolio spans across various sectors, including media and entertainment, consumer services, enterprise, finance, retail, transportation, housing, education, and healthcare. Since its inception, Source Code Capital has successfully partnered with nearly 150 leading Chinese technology founders, such as Bytedance and Meituan. The firm offers a comprehensive range of post-investment services, mentorship, resources, and global perspectives to support its portfolio companies and their founders.

SOSV is a global venture capital firm that supports early-stage startups through active, founder-first development programs. Its flagship initiatives HAX and IndieBio provide facilities, engineering resources, services, and laboratory equipment to accelerate product development and prepare companies for subsequent funding rounds. SOSV focuses on deep technology across health, environmental, and cross-border software sectors, aiming to solve human and planetary health challenges. In addition to providing capital, the firm emphasizes intensive programmatic support to help portfolio companies move quickly from seed toward growth, including customer acquisition and scale. The firm operates globally with a bias toward startups targeting rapid international expansion, especially in Asia, and tends to back a small cohort of high-potential companies to accelerate their progress and attract leading investors.

Northern Light Venture Capital is a China-focused venture capital firm founded in 2005 by Feng Deng and Yan Ke. It is led by a partnership of experienced local Chinese and returnee executives and is organized around multiple managing directors. The firm backs early and growth-stage opportunities in information technology, new media, TMT, clean technologies, consumer services, and healthcare, aiming to build exceptional, lasting enterprises that can participate in the global economy by leveraging China’s industrial strength and human resources. Its portfolio includes notable technology and consumer platforms such as Meituan and Kaixin001, among others.

Lighthouse Capital Management is a venture capital firm established in 2011 and headquartered in Shanghai, China. The firm specializes in early-stage investments, primarily focusing on hardware equipment, internet services, and enterprise data solutions. Lighthouse Capital manages two RMB funds and a dollar fund, with a portfolio that includes over 40 growth projects across mainland China and international markets. The firm emphasizes angel and venture capital equity investments in high-quality content and innovative products. With billions of dollars in total assets under management, it actively invests in companies with a combined market value exceeding 100 billion dollars.

Legend Capital is a Beijing-based venture capital firm and subsidiary of Legend Holdings. Founded in 2001, it focuses on early-stage and growth investments in technology-driven sectors with operations anchored in China and related markets. The firm backs companies in IT, internet applications and services, outsourcing, IC design and key components, as well as sectors such as telecommunications, media, healthcare, consumer and intelligent manufacturing. It manages multiple funds and actively supports portfolio companies with business development, market positioning and access to Chinese markets to create value. Legend Capital aims to back high-growth ventures and build lasting value in China's venture capital ecosystem.

Xiang He Capital is a venture capital firm founded in 2010 by Hesong Tang and Maggie Yang, with headquarters in Palo Alto and operations in Beijing. The firm specializes in early and growth-stage investments within the technology, media, and telecommunications (TMT) sector in China. With a team that boasts extensive experience in corporate development from Baidu and other leading internet companies, Xiang He Capital leverages strategic analysis and strong industry connections to identify promising investment opportunities. The firm targets a range of areas, including artificial intelligence, online education, logistics, fintech, online medical systems, and various internet-based services. Through its investment strategy, Xiang He Capital aims to drive innovation and facilitate the transformation of traditional industries.

Gaorong Capital is a Beijing-based venture capital firm founded in the mid-2010s that focuses on early-stage technology investments across the Asia-Pacific region. The firm backs companies in sectors including telecommunications, media, life sciences, cosmetics, and technology, providing strategic guidance and access to industry resources and global perspectives.

Founded in 2004, GSR Ventures is a venture capital firm focused on early-stage technology companies developing AI-enabled enterprise software, consumer platforms, and healthcare technology. The firm invests globally, backing entrepreneurs building disruptive businesses with the potential to dominate large markets.

Lightspeed Venture Partners is a global venture capital firm based in Menlo Park that funds early-stage and growth-stage companies across consumer, enterprise technology, fintech, cleantech, healthtech, and software sectors. The firm backs startups from seed through expansion rounds, providing capital and strategic guidance to help entrepreneurs scale. It operates internationally with offices in the United States, China, India, and Israel, and has a history of investing in software, mobile, data, internet, and technology-enabled services. Lightspeed emphasizes identifying emerging trends, supporting talented teams, and pursuing opportunities in areas such as enterprise infrastructure, digital platforms, and consumer technologies. The firm seeks to partner with ambitious founders to accelerate product development, go-to-market execution, and global growth.

Eight Roads Ventures is a global venture capital firm and the proprietary investment arm of Fidelity International Limited. With offices in London, Hong Kong, Beijing, Shanghai, Tokyo, Mumbai, and other locations, it invests across Europe, Asia, and North America in technology-driven companies. The firm targets sectors including software and services, healthcare IT, information technology, FinTech, consumer and enterprise technology, e-commerce, and real estate tech linked to data. It backs start-ups and growth-stage companies from early to late stages, often leading rounds and, when appropriate, co-investing with other top firms; it seeks board seats in portfolio companies. Eight Roads manages about $11 billion in assets and has a five-decade history of supporting hundreds of companies worldwide, reflecting a track record across technology, health tech and related fields.

Sunsino Venture Group is a venture capital firm based in Taipei, Taiwan, founded in 1994. The firm has invested in over 200 companies across Taiwan and the United States, focusing primarily on the healthcare, technology, and software sectors. With approximately US$150 million in assets under management, Sunsino Venture Group aims to support innovative companies that demonstrate growth potential in these industries.

GE Equity invests globally across various sectors, focusing on established companies with high growth potential. It takes minority ownership positions and offers growth capital, buy-out co-investments, secondary direct purchases, recapitalizations, and LP investments.

DCM Ventures is a venture capital firm founded in 1996 and based in Menlo Park, California, with additional offices in Silicon Valley, Beijing, and Tokyo. It pursues investments across consumer, enterprise, health tech, fintech, and deep tech sectors, and supports portfolio companies with hands-on operational guidance and access to a global network of business and financial resources. The firm seeks long-term partnerships with entrepreneurs to help build technology-enabled companies that reshape how institutions and individuals use and live with technology. Drawing on decades of investing and operating experience, DCM Ventures combines capital with strategic guidance to help portfolio companies scale in the United States, China, and Japan.

SIG China operates through SIG Asia Investments, a wholly foreign-owned enterprise based in Shanghai with an office in Beijing. The firm focuses on venture capital and private equity investments within China, aiming to deploy proprietary capital in companies operating in the region. As part of the larger Susquehanna International Group, which has over two decades of experience in financial services, SIG China benefits from a robust foundation in trading, market making, and institutional research. The team emphasizes an entrepreneurial approach, leveraging advanced technology and quantitative research to identify and develop investment opportunities. With a commitment to expanding its business in China, SIG Asia Investments plays a pivotal role in fostering growth within the local investment landscape.

Mitsubishi UFJ Capital is a venture capital firm based in Tokyo, with additional offices in Osaka and Nagoya, founded in 1974. It concentrates on seed to development stage and startup investments across healthcare, biotech, information technology, electronics, high technology, life sciences, fintech, ICT, SaaS, and AI sectors. The firm targets opportunities in Japan and with relevance to the Japanese market, and it participates in investment syndication for Japanese investments to support entrepreneurs and innovation within the domestic economy.

Established in 2002 through the merger of three subsidiaries, Mizuho Capital is a Tokyo-based venture capital firm affiliated with Mizuho Bank. With approximately ¥50 billion JPY under management, it focuses on investments in information technology and biotechnology sectors.

Sequoia Capital is a venture capital firm based in Menlo Park, California, and a prominent global investor in seed, early and growth-stage startups. The firm backs companies across sectors including information technology, healthcare, financial services, energy, internet, mobile and enterprise software, often aiming to be a first investor and partner in fast-growing, proven teams. It pursues opportunities domestically in the United States and internationally in markets such as India, China and Israel, funding rounds spanning seed to growth with flexible investment sizes. Sequoia supports ambitious founders to push boundaries and build enduring companies.

5Y Capital is a private equity and venture capital firm based in Xuhui, Shanghai, China, founded in 2008 by Ken Shi and Richard Liu. The firm specializes in early-stage venture investments and is dedicated to supporting entrepreneurs in building their companies. With over USD 5 billion in capital under management, 5Y Capital attracts global investors, including sovereign wealth funds, endowments, foundations, family offices, and funds of funds. Formerly known as Morningside Venture Capital, 5Y Capital aims to foster innovation and growth in the entrepreneurial ecosystem.

Founded in Tokyo in 1998, Global Brain is a venture capital firm focusing on seed to late-stage investments across various sectors globally. They have invested in over 300 startups, facilitating 25 IPOs and 61 M&As through hands-on support services.

New Enterprise Associates is a venture capital firm founded in 1977 and based in Menlo Park, California, with offices in the United States, India and China. It makes investments across technology and healthcare startups at multiple stages, from seed to growth, including software, cloud, data, internet services, fintech, AI, e-commerce, and enterprise technology, as well as healthcare information technology, life sciences, medical devices, and biopharma. It also considers energy technology and infrastructure opportunities, such as solar, batteries and smart grids. The firm pursues a global approach, with activity in the United States, Asia and other regions, and supports companies through rounds of financing ranging from small to sizable investments as they scale. NEA focuses on building portfolios in software, IT services, consumer technology, and healthcare technology, backing ambitious entrepreneurs across sectors and geographies.

CDH Investments is an international alternative asset fund manager based in Hong Kong, China, with over $27 billion in assets under management. Founded in 2002 by the former private equity group of China International Capital Corporation, the firm has developed into a diversified platform that encompasses private equity, venture capital, growth capital, real assets, mezzanine financing, public equities, and wealth management. CDH Investments focuses on investing in various sectors, including consumer goods, hard technology, new energy, and healthcare. The firm is managed by a seasoned team of private equity professionals who have extensive experience in the Chinese market, enabling CDH to consistently deliver superior returns relative to its industry peers.

Established in 2005, SMBC Venture Capital is a Tokyo-based corporate venture capital arm of Sumitomo Mitsui Banking Corporation. It invests primarily in early-stage companies operating within the information technology, life sciences, services, and manufacturing sectors.

Highlight Capital is a venture capital firm based in Shanghai, China, founded in 2014. The firm is dedicated to supporting healthcare companies in achieving strong and sustained growth prospects within the Chinese market. Highlight Capital focuses on investing in various sectors, including healthcare services, biomedicine, medical technology, mobile healthcare, and pharmaceuticals. The firm aims to partner with entrepreneurs who demonstrate commitment and uphold high standards in their endeavors.

SAIF Partners is a Hong Kong-based private equity firm founded in 2001 that provides growth capital and minority investments to companies across Asia, with a focus on China and India. The firm pursues privately negotiated equity and equity-linked investments across sectors including information technology, Internet, mobile, consumer products and services, healthcare, financial services, education, cleantech, manufacturing, and other TMT areas. It maintains local teams in Hong Kong, China, and India and has a large investment portfolio, managing over $4 billion in capital as a long-term investor.

Baidu Ventures, established in 2017, is an independent venture capital fund backed by Baidu and other prominent investors. With approximately $500 million under management across three funds and offices in Beijing and San Francisco, the firm invests in early-stage companies driving innovation in artificial intelligence, autonomous driving, life sciences, robotics, big data, and related technologies. Its mission is to support entrepreneurs transforming how we work, live, and interact through cutting-edge technologies.

Vertex Ventures is a global venture capital firm specializing in early-stage investments. With offices across the U.S., China, Israel, India, and Southeast Asia, they focus on enterprise and infrastructure companies, supporting innovative entrepreneurs with operational expertise and access to capital.

Fortune Capital, established in 2000, is a Shenzhen-based venture capital firm. It focuses on investing in leading companies across four key sectors: Technology, Media & Telecommunications (TMT), Consumer Goods/Services, Modern Agriculture, and Clean Tech. The firm is known for its high performance and has received several industry recognitions. Apart from providing capital, Fortune Capital offers personalized value-added services to its investee companies.

BRV Partners is a venture capital firm founded in 1998, headquartered in Menlo Park, California, with offices in the United States, Europe, and Asia. The firm focuses on seed, early‑stage, Series A, and growth investments in mobile and technology companies, including mobile software and services, big data, IT, communications, internet, fintech, digital media, software, consumer electronics, health care, semiconductor equipment, e‑commerce, social commerce, wireless applications, navigation aids, batteries, and related sectors. It targets key global markets, especially Asia—China, Korea, and India—while also investing in Canada, Europe, Japan, Silicon Valley, and the United States. Initial investments range from $0.1 million to $50 million, with additional capital reserved for follow‑on rounds. The firm was formerly known as Nokia Venture Partners.

Lenovo Capital and Incubator Group is a global investment entity that focuses on core technology and internet-related sectors, including cloud computing, big data, artificial intelligence, and robotics. Based in Quarry Bay, Hong Kong, the group manages venture capital funds, such as the Lenovo Smart Internet Innovation RMB Fund, which specifically targets the Internet innovation industry in China. The group's strategy emphasizes leveraging Lenovo's extensive global resources to promote research and development, facilitating new business avenues, and fostering innovation. Through targeted investments and incubation efforts, Lenovo Capital and Incubator Group seeks to align with Lenovo's strategic objectives and drive future advancements in technology.

Light Silver Capital is a China-based venture capital firm.

Founded in 2011, Joy Capital is a venture capital firm primarily focused on the technology and innovative consumption sectors. With over a decade of experience investing in startups across Europe, North America, and Asia, they have invested in over 80 companies, with many achieving unicorn status.

Walden International is a venture capital firm with a cross-border investment approach that leverages global markets and talent to grow technology companies. Founded in 1987 and headquartered in San Francisco, the firm maintains a global footprint including an office in Shanghai. It provides capital, relationships, and operating expertise to entrepreneurs, focusing on early and expansion-stage opportunities. The firm invests across information technology, Internet and digital media, software, semiconductors, and clean tech, and has backed companies in sectors such as AI, IoT, and SaaS. Its approach combines venture experience with hands-on operating know-how to help portfolio companies scale, often partnering with teams to access global markets and talent beyond geographic constraints. This cross-border orientation shapes its investments in regions including Asia, the United States, and other global markets.

Qualcomm Ventures is the corporate venture capital arm of Qualcomm Incorporated, established in 2000. As a global investor, it targets early‑stage technology companies across the wireless ecosystem and related fields, including mobile, AI, IoT, cybersecurity, cloud, AR/VR, robotics, healthcare, and smart infrastructure. Qualcomm Ventures leverages Qualcomm’s resources, relationships, and technical expertise to help portfolio companies grow. The firm oversees a portfolio of more than 150 active companies and has supported numerous exits exceeding a billion dollars, reflecting its alignment with Qualcomm’s core products and strategic markets.

Founded in 2002, Gobi Partners is a Pan-Asian venture capital firm with over $1.5 billion in assets under management. Headquartered in Kuala Lumpur and Hong Kong, the firm supports entrepreneurs from early to growth stages, focusing on emerging markets. With 15 locations across Asia, Gobi has invested in over 350 startups and nurtured 10 unicorns.