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The Venture Codex

Overview

Institutional-quality fund manager focused on long-term growth in China.

Founded

2001

Deals ยท 12mo

4

Stage focus

Multi-stage

Geographic focus

China
Hong Kong
Hungary
Singapore
...

Sector focus

Finance
Financial Services

Investment portfolio

13rounds
NAMEDATESIZE
Evotrex
Jun 2026Participated
$30 MSeries A
Brizan Ventures
Mar 2026Participated
$4 MOther Equity
EPG
Jan 2026Led
$100 MSeries B
SpacemiT
Jan 2026Participated
$86 MSeries B
Shuyun
Nov 2023Led
$14 MSeries D
BOTINKIT
Jul 2023Led
$13 MSeries A
Bailian.AI
Nov 2022Led
$14 MSeries B
JIMU Intelligent
Oct 2021Led
$31 MSeries C
Zenlayer
May 2021Participated
$50 MSeries C
Bailian.AI
Jan 2021Participated
$15 MSeries A
Zenlayer
Aug 2019Led
$30 MSeries B
Wecash
Mar 2018Participated
$160 MSeries D
Evotrex
Jun 2026Participated
$30 MSeries A
Brizan Ventures
Mar 2026Participated
$4 MOther Equity
EPG
Jan 2026Led
$100 MSeries B
SpacemiT
Jan 2026Participated
$86 MSeries B
Shuyun
Nov 2023Led
$14 MSeries D
BOTINKIT
Jul 2023Led
$13 MSeries A
Bailian.AI
Nov 2022Led
$14 MSeries B
JIMU Intelligent
Oct 2021Led
$31 MSeries C
Zenlayer
May 2021Participated
$50 MSeries C
Bailian.AI
Jan 2021Participated
$15 MSeries A
Zenlayer
Aug 2019Led
$30 MSeries B
Wecash
Mar 2018Participated
$160 MSeries D
13
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Insights

Time horizon

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Deal Distribution

Forebright Capital: 13 funding rounds are recorded in the selected participation categories.All available history.
Forebright Capital: 13 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A12
Series B31
Series C+32
Other Equity01

Monthly Deal Activity

Forebright Capital: 13 deals are recorded across 115 months.All available history.
Forebright Capital: 13 deals are recorded across 115 months. All available history
MonthDeals
Apr '171
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '181
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '191
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 '211
Feb '210
Mar '210
Apr '210
May '211
Jun '210
Jul '210
Aug '210
Sep '210
Oct '211
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '231
Dec '230
Jan '240
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 '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '262
Feb '260
Mar '261
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Forebright Capital: Hardware & Robotics is the largest displayed sector by deal count (7 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.

Forebright Capital: Hardware & Robotics is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Hardware & Robotics7
Networks, Cloud & Communication5
Enterprise Software4
AI & Machine Learning4
Data, Analytics & IT4
Manufacturing3
Fintech2
Marketing & Advertising1
Clean Energy & Sustainability1
Space & Frontier Tech1
Transportation & Logistics1

Deal Size Distribution

Forebright Capital: 13 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.

Forebright Capital: 13 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M0
$10M-$25M4
$25M-$50M3
$50M-$100M3
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Forebright Capital: China has the largest recorded deal count among the displayed regions (8 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Forebright Capital: China has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
China8
United States2
Europe1
Hong Kong1
Singapore1
Forebright Capital: 20 co-investors are shown, with Brizan Ventures sharing 2 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.

Investment Strategy

Forebright Capital: Led accounts for 54% and participating for 46% of round participation.All available history.
Forebright Capital: Led accounts for 54% and participating for 46% of round participation. All available history
CategoryDeals (count)Share (%)
Led754%
Participating646%
Forebright Capital: Single-lead accounts for 57% and co-led for 43% of lead dynamics.All available history.
Forebright Capital: Single-lead accounts for 57% and co-led for 43% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead457%
Co-led343%

Team

Henry Liu

Chief Investment Officer and Co-founder

Kiril Ip

Co-founder and Chief Operating Officer

Ling He

Chief Executive Officer

Xiangli He

Partner and Managing Director