The Venture Codex

Participated · Series A · Jun 2026

Shihang Intelligent has built a full‑stack portfolio covering six core systems: power, control, sensing, navigation, sealing, and deployment, each backed by proprietary IP and continuous iteration. Its product lineup includes models such as the "Orca," with claimed full-depth operational capability from 0 to 10,000 meters and full degrees of freedom for autonomous navigation and multi-robot coordination. The company reports stable commercial deployments across all ocean depths in real-world environments and scaled use in scenarios including ship hull cleaning, underwater security, offshore wind power, marine ranching, and seabed inspection. Following the Series A raise exceeding 1 billion yuan, Shihang plans to invest in core technology R&D, global market expansion, and ecosystem development to support large-scale deployment and enhance reliability. The article does not provide revenue or user metrics.

Led · Equity · Mar 2024

Pandomart is an innovative integrated trend-service company combining trend merchandise development and retail, cultural and art brokerage, and an entertainment-oriented new-media platform. The company centers its business on self-developed trend IP and designs, develops, and sells a range of trend products including collectible toys, ACG peripherals, and IP-derivative merchandise. Pandomart targets trend enthusiasts by offering diverse product lines and related cultural/media services. Recently the company completed an RMB 8 million angel financing round. The new funding is intended to inject fresh momentum into the company's future development.

Participated · Series D · Aug 2022

Dianxiaomi builds ERP and seller tools for Chinese cross-border e-commerce vendors, starting from a one-click Taobao-to-Wish listing tool and expanding into a full enterprise suite. The company targets small and medium-sized sellers handling up to 5,000 orders per day. It says it serves 1.5 million users globally, including 430,000 users in Southeast Asia, and has partnered with about 50 e-commerce platforms. Dianxiaomi has launched localized ERP products for sellers in Southeast Asia and Latin America and is expanding overseas. The company plans to open offices in Indonesia, Malaysia and the U.K., with teams of 20–100 staff in each country for customer service and operations. Financially, Dianxiaomi announced a $110 million Series D and said total investment reached $210 million in 2022 alone. Founder and CEO Du Jianyin, a former Baidu R&D engineer, leads the company. Dianxiaomi (Shenzhen Meiyunji Network Technology Co., Ltd.), founded in 2014, provides SaaS ERP systems and e-commerce enabling services for global sellers. Its product suite covers cross-border eCommerce solutions, customer service, logistics tracking, shared warehousing, and BigSeller (founded in 2019) for order aggregation, product listing, data analytics, and inventory management across marketplaces. Products are available in English, Bahasa, Vietnamese, and Thai, and the company has a team in Indonesia with plans to expand further in Southeast Asia. Headquartered in China, Dianxiaomi reports more than 1.2 million global users, partnerships with over 50 e-commerce platforms, 800+ logistics providers, and more than 60 overseas warehouses. The company processes annual order transaction amounts exceeding 3,000 billion RMB. It plans to use the new funding for product development, talent acquisition, service upgrades, and global expansion of its e-commerce enabler. Dianxiaomi builds ERP tools that help SMEs operate overseas e-commerce businesses across 32 platforms, including Amazon, eBay, Shopify and AliExpress. The company is Shenzhen-based and was set up in 2014. It claims to have approximately 70,000 users. Dianxiaomi focuses on product capabilities that streamline cross-border listings, order management and channel integration. The company recently closed a 150 million yuan Series B, which it says will fund product innovation, market expansion and recruitment. The raise positions Dianxiaomi to scale its platform and expand its presence in international e-commerce markets.

Led · Series B · Mar 2022

InnoRNA is a Chinese biotech startup. The company closed a $120 million Series B financing. The round was led by CDH Investments and China Renaissance’s Huaxing Healthcare Capital. The article identifies CDH as an alternative asset manager and Huaxing as Huaxing Healthcare Capital. The article does not disclose the company’s products, operating metrics, use of proceeds, or future plans.

Participated · Series C · Aug 2021

MediTrust is a Shanghai-based private healthcare payor founded in 2017 and led by founder and CEO Seth Zhang. It leverages proprietary integrated platforms to serve healthcare and insurance companies, delivering comprehensive healthcare products and services aimed at lowering medical costs. A core service, Care2Pay, partners with more than 50 pharmaceutical and insurance companies and over 2,000 DTP pharmacies, with national coverage in over 400 cities. Care2Pay enables millions of patients with cancer, chronic, and rare diseases to access innovative drugs more affordably; in the first half of 2021 it helped patients and families save over RMB300 million in healthcare expenditures. MediTrust also collaborates with insurers to launch municipal health insurance products in more than 40 cities, including Beijing and Shanghai, and has been instrumental in Shanghai’s Huhuibao coverage expansion.