Participated · Series B · Feb 2026

LimX Dynamics develops an integrated embodied AI stack and general-purpose humanoid robots, organizing its architecture into System 0 (whole-body motion control), System 1 (Vision-Language-Action and Whole-Body Action Model training infrastructure, including the FluxVLA Engine) and System 2 (the COSA embodied agentic operating system). The company introduced the full-size interactive humanoid LimX Luna in May 2026 and began customer deliveries in China and international markets within weeks of launch, and also offers TRON 2, a modular robotic platform launched in late 2025. LimX reports thousands of customer orders across its product lines since beginning commercial sales, with more than half of those orders from international markets. Target applications include research, education, commercial services, industrial operations, inspection and construction. Financially, LimX has raised roughly $400 million over the past six months, including the nearly $200 million pre-IPO round, and plans to use proceeds to scale manufacturing, expand delivery capacity and accelerate international commercialization.

Participated · Series B · Oct 2025

Founded in late 2023, LiblibAI has become China’s largest multimodal AI model and creative community, integrating image, video, 3D and LoRA training capabilities into a single platform. Its product suite spans the entire AI creative workflow—from inspiration and visual design to dynamic video generation—enabling creators to move seamlessly from concept to finished content. The company’s “tools + community” strategy aggregates leading open- and closed-source generation models while incentivizing user contributions, helping it attract more than 20 million creators across illustration, photography, e-commerce, posters and IP design. In October 2025, LiblibAI released version 2.0, transforming the offering from a simple tool aggregator into a professional AI creative studio with multi-model composition and pro-level visual-effects templates. Management plans to leverage its newly raised capital to accelerate global expansion and build a worldwide multimodal content ecosystem. Financially, the firm has just secured a $130 million Series B round—the largest AI application raise in China this year—providing significant runway for growth and team expansion.

Participated · Series B · Sep 2022

Founded in 2019 and based in Beijing, Well-Link Technologies develops real-time cloud rendering solutions for content and interactive scenarios. The company is building an integrated software and hardware stack, including a next-generation software architecture called "Ark" and a cloud rendering-based digital human platform. On the hardware side it established Siland to customize high-density GPU servers intended to improve processing efficiency and reduce costs; the first Siland shipments have been delivered. Well-Link has showcased its technology with a cloud-native game demo and a strategic partnership to debut a digital actor, signalling focus on high-quality content and digital human applications. The company plans to expand into VR/AR and other scenarios, enable cloud-based content creation, and accelerate construction of next-gen computing and rendering architecture. The recent fundraise will support these product and deployment plans.

Participated · Series C · Jul 2022

Duckbill operates a digital container logistics platform that offers intelligent dispatching, transportation management, real-time track-and-trace, instant quotations, bookings and inspection services via its self-developed platform. The company emphasizes R&D and digitalization—R&D personnel made up about 30% of staff at the end of 2021 and it develops in-house IP annually. By the end of 2021 Duckbill controlled over 2,100 trucks, partnered with about 13,000 vehicles, and handled roughly 1.1 million TEU of orders that year. It serves over 9,000 companies and lists clients including Sinotrans, COSCO Shipping, Midea and Cainiao. Duckbill is expanding to additional Chinese ports and is developing driver-facing services (Future Truck Boss) to improve driver onboarding and efficiency. The company is incubating an autonomous-driving sub-brand, BOOM, targeting a production model by 2024 and mass production capability by 2025, and aims to build a fleet of more than 10,000 trucks by 2025. Duckbill is a Shanghai-based container trucking and drayage service platform offering intelligent dispatching and transportation management. Led by founder Tang Hongbin, the company also provides value-added services such as customs declaration and cargo loading surveillance. By the end of 2020 it was serving 6,000 freight forwarders and shippers and had transported 700,000 TEUs across China. Its operations are active in Shanghai, Qingdao, Taichang, Ningbo and Shenzhen. The company intends to use the funds to improve current solutions, expand to all major ports and introduce additional products. The platform combines transportation services with operational software to streamline container movement and customer services.

Led · Series A · Jun 2022

Volant Aerotech is developing the VE25-100 “Tianxing,” its first compound-wing commercial passenger eVTOL designed for low-altitude commercial passenger service. The aircraft emphasizes a spacious cabin, flexible layouts, high payload capacity, and safety standards comparable to commercial airliners to enable high dispatch rates and all-weather operation. Volant estimates the VE25-100’s operating cost per seat per kilometer is roughly one-eighth to one-tenth that of similar helicopters. The VE25-100 has completed its full-scale maiden flight, a transition flight, and a first flight with passengers. The program has secured confirmed orders from China Southern General Aviation, Asia General Aviation, and ABC Financial Leasing, and has over 1,900 orders of intent totaling nearly ¥48 billion. Volant has had its Type Certificate application accepted by the East China Regional Administration of the CAAC and is moving toward manufacturing, certification flight testing, and mass-production readiness.