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The Venture Codex

Co-win Ventures

Room 6502, Di Wang Commercial Center, Shenzhen, Guangdong, 518001, China

Overview

Angel and early-stage investor in TMT and healthcare sectors.

Founded

2009

Deals ยท 12mo

1

Links

WebsiteLinkedIn

Stage focus

Series A

Geographic focus

China
United States

Sector focus

Financial Services
Health Care
Venture Capital

Investment portfolio

20rounds
NAMEDATESIZE
Excalipoint Therapeutics
Mar 2026Participated
$28 MSeed
Arima Genomics
Jun 2025Participated
$22 MSeries C
ZWI Therapeutics, Inc.
Jan 2024Participated
$10 MSeries A
Myrobalan Therapeutics
Jan 2024Led
$24 MSeries A
Hongzheng Energy Storage
Oct 2023Participated
$14 MSeries A
Makino micro
May 2023Led
$14 MSeries A
Forlong Biotechnology
Feb 2023Participated
$15 MSeries A
Degron Therapeutics
Jun 2022Participated
$22 MSeries A
CSR Biotech
May 2022Participated
$7 MSeries A
Celsius Therapeutics
Mar 2022Participated
$83 MSeries A
Arima Genomics
Mar 2022Participated
$7 MSeries B
Ucello Therapeutics
Feb 2022Participated
$25 MSeries A
Excalipoint Therapeutics
Mar 2026Participated
$28 MSeed
Arima Genomics
Jun 2025Participated
$22 MSeries C
ZWI Therapeutics, Inc.
Jan 2024Participated
$10 MSeries A
Myrobalan Therapeutics
Jan 2024Led
$24 MSeries A
Hongzheng Energy Storage
Oct 2023Participated
$14 MSeries A
Makino micro
May 2023Led
$14 MSeries A
Forlong Biotechnology
Feb 2023Participated
$15 MSeries A
Degron Therapeutics
Jun 2022Participated
$22 MSeries A
CSR Biotech
May 2022Participated
$7 MSeries A
Celsius Therapeutics
Mar 2022Participated
$83 MSeries A
Arima Genomics
Mar 2022Participated
$7 MSeries B
Ucello Therapeutics
Feb 2022Participated
$25 MSeries A
20
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Time horizon

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Deal Distribution

Co-win Ventures: 20 funding rounds are recorded in the selected participation categories.All available history.
Co-win Ventures: 20 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A69
Series B03
Series C+01

Monthly Deal Activity

Co-win Ventures: 20 deals are recorded across 118 months.All available history.
Co-win Ventures: 20 deals are recorded across 118 months. All available history
MonthDeals
Jan '171
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '171
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '181
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '191
Feb '190
Mar '190
Apr '190
May '191
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '211
Oct '210
Nov '210
Dec '211
Jan '221
Feb '221
Mar '222
Apr '220
May '221
Jun '221
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '231
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '230
Jan '242
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Co-win Ventures: Health & Life Sciences is the largest displayed sector by deal count (17 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Co-win Ventures: Health & Life Sciences is the largest displayed sector by deal count (17 deals). All available history
SectorDeals
Health & Life Sciences17
Space & Frontier Tech3
Hardware & Robotics2
Manufacturing2
Clean Energy & Sustainability1

Deal Size Distribution

Co-win Ventures: 20 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Co-win Ventures: 20 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M4
$10M-$25M10
$25M-$50M2
$50M-$100M3
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Co-win Ventures: United States has the largest recorded deal count among the displayed regions (11 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Co-win Ventures: United States has the largest recorded deal count among the displayed regions (11 deals). All available history
RegionDeals
United States11
China8
Hong Kong1
Co-win Ventures: 20 co-investors are shown, with Northern Light Venture Capital sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Co-win Ventures: 20 co-investors are shown, with Northern Light Venture Capital sharing 4 recorded deals. All available history
Co-investorShared deals
Northern Light Venture Capital4
5Y Capital2
Berkeley Catalyst Fund2
Casdin Capital2
Matrix Partners China2
Med-Fine Capital2
Qiming Venture Partners2
Section 322
Sequoia Capital2
Third Rock Ventures2
3E Bioventures Capital1
AB Magnitude Ventures Group1
Advantech Capital1
Agilent Technologies1
Alexandria Venture Investments1
Amgen Ventures1
Amplitude Ventures1
Apricot Capital1
Baidu Ventures1
Biomatics Capital1

Investment Strategy

Co-win Ventures: Led accounts for 30% and participating for 70% of round participation.All available history.
Co-win Ventures: Led accounts for 30% and participating for 70% of round participation. All available history
CategoryDeals (count)Share (%)
Led630%
Participating1470%
Co-win Ventures: Single-lead accounts for 33% and co-led for 67% of lead dynamics.All available history.
Co-win Ventures: Single-lead accounts for 33% and co-led for 67% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead233%
Co-led467%

Team

Ben Zhao

Founding Managing Partner

Cara Zhang

Chief Financial Officer