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The Venture Codex

F&G Venture

No. 3099, Keyuan South Road, Gaoxin Community, Yuehai Subdistrict, Nanshan District, Shenzhen, Guangdong, 518057, China

Overview

Established in September 2012 by the former rotating CEO of Huawei and partner of Fidelity Asia, F&G Venture is a venture capital fund focusing on companies with exponential growth in IT industries, like IT infrastructure, cloud computing, internet of things, SaaS, big data, microchip, and semi-conductor etc. F&G Venture also targets high-end manufacturing businesses, including modules, intelligence devices and equipment, robots, and drones.

Total investments
7
Lead investments
2
Investments · 12mo
2
Active investors
2

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Zero Gravity Aircraft Industry

    Participated · Series B · Jun 2026

    Founded in March 2021, Zero Gravity Aircraft Industry positions itself as a global leader in intelligent electric aircraft technology, focused on eVTOL vehicles and urban air mobility. The company emphasizes a mission of “exploration, green, future,” aiming to enable green, safe, and comfortable aerial travel. Its stated priorities include advancing aircraft electrification, intelligence, higher speeds, land-air integration, lower costs, and high safety standards. The firm seeks to promote a “green revolution” in aviation and to integrate electric aircraft into everyday life. Public materials do not disclose financial metrics, customers, or specific commercial deployments in the reported article.

  • Tripo AI

    Participated · Series A · Jun 2026

    Tripo AI develops AI 3D foundation models, world models, and a one-stop creative workspace for producing, editing, and rendering spatial content. Its recent model releases, Tripo H3.1 and Tripo P1.0 (March 2026), focus on high-precision geometry and production-ready meshes, and Tripo Studio includes features such as native 8K AI textures and Intelligent Part Segmentation V2. The company also runs an open-source initiative (projects released in 2024, 2025, and a third season) sharing components across the AI 3D stack, including collaborations with academic partners. With the nearly $200 million raised in its Series A+ and A++ financings, Tripo plans to expand research teams, accelerate algorithms, and bolster data and infrastructure to scale its product and ecosystem globally. It introduced Project Eden as a research effort to build persistent, editable, and multiplayer world models that separate world state from rendering to enable long-horizon persistence and concurrent interactions.

  • LANCE

    Led · Equity · Jun 2024

    Langens Technology focuses on R&D and production of automotive lighting components, including vehicle-specific lighting fixtures, LED modules, car lamps, and headlamp dimming motors. The company develops products to meet individual OEM requirements and operates a make-to-order production model. Its primary customers are automobile manufacturers, and it provides after-sales and supporting services tailored to those clients. The business model emphasizes customized development and production according to customer specifications. According to the article, Langens recently completed a new financing round of ¥75 million, which affects its current financial position.

  • Abscience Optoelectronic Technology

    Participated · Series A · Nov 2023

    中科爱毕赛思(常州)光电科技有限公司 was founded in December 2020 and focuses on infrared optoelectronics technology. The company develops high‑performance semiconductor optoelectronic technologies and positions itself to advance that industry. The article describes the business as a high‑tech firm active in the red‑infrared optoelectronics field. It recently completed an A round of financing reported as totaling several hundred million RMB. Specific commitments in the round included a ¥28 million investment from Changzhou Guohai Venture Fund and Changzhou Gaoxin Angel Fund, and the company has attracted participation from multiple other funds.

  • Zenlayer

    Participated · Series C · May 2021

    Zenlayer provides on-demand edge cloud services and networking with over 220 points of presence (PoPs) globally, focused on fast-growing emerging markets such as China, India, the Middle East, South America, and Southeast Asia. The company offers ultra-low-latency compute and networking services and recently launched a PaaS product, Zenlayer Global Accelerator (ZGA), to move up the stack. It has expanded its global infrastructure and workforce by 25% in the past six months and operates 16 interconnected PoPs in Indonesia plus about 150 PoPs across APAC. Zenlayer has a dedicated sales and support team headquartered in Singapore to deepen its presence in Southeast Asia. Businesses utilize the platform to instantly improve real-time digital experiences. Financially, the company closed a supplemental C+ financing that brings its Series C round to $62 million. Zenlayer provides on-demand edge cloud and PaaS solutions that let organizations deploy compute closer to end users without building infrastructure. The company operates 180+ PoPs across 37 countries and says it can reach over 85% of the world’s internet population within 25 milliseconds. Its network includes 1,000+ peers, 230+ private lines and 20+ Tbps of backbone, and it has filed or been granted 32 patents related to SDN routing, orchestration, and edge traffic management. Zenlayer highlights customer wins including accelerating top global mobile games and social apps, and was recognized by the Pacific Telecommunications Council for networking innovation in 2019. Management plans to use new capital to enhance its edge cloud technology, expand global network coverage, and accelerate adoption of its PaaS solutions with a focus on emerging markets such as Southeast Asia and South America. The company reported over 40% revenue CAGR from 2017–2020 and has raised $90 million in total financing since inception. Zenlayer is an edge cloud services provider that offers on-demand bare metal cloud, cloud networking, SD‑WAN, and managed services. It operates in more than 120 data centers across six continents and has offices in Singapore, Taiwan, Hong Kong, Beijing, Hangzhou and Shenzhen. The company is led by CEO and founder Joe Zhu and is based in Los Angeles and Shanghai. Zenlayer intends to use new funding to expand globally, with an emphasis on emerging markets such as India, Indonesia, and Brazil. It will also increase research and development in its bare metal cloud, cloud networking, and SD‑WAN products. The company recently raised capital in a Series B to support these initiatives. Zenlayer provides a global connection platform of bare metal cloud, SD-WAN and edge computing services, enabling clients to deploy and manage IT resources worldwide within minutes. Led by CEO and founder Joe Zhu, the company operates a network of 60+ global data centers. It is based in Shanghai and Los Angeles and also maintains offices in Beijing, Shenzhen, Hong Kong and Singapore. Zenlayer recently closed a $10M Series A financing to accelerate development of its software-defined global connection platform. The company plans to use the capital to expand its data-center footprint and further develop its platform offerings.

Team

  • Yu Qian

    Co-Founder & Managing Partner

  • Steve Hong

    Managing Partner & Co-Founder