Overview
Venture capital firm investing in tech, sports, and online gaming.
Founded
2017
Deals · 12mo
11
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
D-Robotics | Sep 2026Participated | $400 MSeries C | |
Anew Labs | Sep 2026Participated | $297 MOther Equity | |
Tianji Intelligence | May 2026Led | $147 MSeries B | |
LTZ Therapeutics | May 2026Led | $38 MOther Equity | |
SynapX | May 2026Participated | $50 MOther Equity | |
D-Robotics | Apr 2026Participated | $150 MSeries B | |
Syneron Bio | Apr 2026Participated | $150 MSeries B | |
Dify | Mar 2026Participated | $30 MSeries A | |
EPG | Jan 2026Participated | $100 MSeries B | |
Syneron Bio | Dec 2025Participated | $100 MSeries A | |
Dealism | Nov 2025Led | $15 MOther Equity | |
Beatbot | Sep 2025Participated | $140 MSeries A | |
D-Robotics | Sep 2026Participated | $400 MSeries C | |
Anew Labs | Sep 2026Participated | $297 MOther Equity | |
Tianji Intelligence | May 2026Led | $147 MSeries B | |
LTZ Therapeutics | May 2026Led | $38 MOther Equity | |
SynapX | May 2026Participated | $50 MOther Equity | |
D-Robotics | Apr 2026Participated | $150 MSeries B | |
Syneron Bio | Apr 2026Participated | $150 MSeries B | |
Dify | Mar 2026Participated | $30 MSeries A | |
EPG | Jan 2026Participated | $100 MSeries B | |
Syneron Bio | Dec 2025Participated | $100 MSeries A | |
Dealism | Nov 2025Led | $15 MOther Equity | |
Beatbot | Sep 2025Participated | $140 MSeries A |
Insights
Time horizon
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Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Series A | 5 | 9 |
| Series B | 9 | 9 |
| Series C+ | 6 | 8 |
| Other Equity | 3 | 2 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| Mar '20 | 1 |
| Apr '20 | 0 |
| May '20 | 0 |
| Jun '20 | 1 |
| Jul '20 | 1 |
| Aug '20 | 0 |
| Sep '20 | 1 |
| Oct '20 | 0 |
| Nov '20 | 1 |
| Dec '20 | 2 |
| Jan '21 | 0 |
| Feb '21 | 1 |
| Mar '21 | 2 |
| Apr '21 | 1 |
| May '21 | 0 |
| Jun '21 | 2 |
| Jul '21 | 1 |
| Aug '21 | 2 |
| Sep '21 | 2 |
| Oct '21 | 1 |
| Nov '21 | 1 |
| Dec '21 | 4 |
| Jan '22 | 1 |
| Feb '22 | 2 |
| Mar '22 | 1 |
| Apr '22 | 2 |
| May '22 | 1 |
| Jun '22 | 0 |
| Jul '22 | 0 |
| Aug '22 | 2 |
| Sep '22 | 0 |
| Oct '22 | 0 |
| Nov '22 | 0 |
| Dec '22 | 0 |
| Jan '23 | 0 |
| Feb '23 | 0 |
| Mar '23 | 0 |
| Apr '23 | 0 |
| May '23 | 0 |
| Jun '23 | 0 |
| Jul '23 | 1 |
| Aug '23 | 0 |
| Sep '23 | 0 |
| Oct '23 | 0 |
| Nov '23 | 0 |
| Dec '23 | 1 |
| Jan '24 | 0 |
| Feb '24 | 0 |
| Mar '24 | 0 |
| Apr '24 | 0 |
| May '24 | 0 |
| Jun '24 | 0 |
| Jul '24 | 1 |
| Aug '24 | 1 |
| Sep '24 | 0 |
| Oct '24 | 0 |
| Nov '24 | 1 |
| Dec '24 | 0 |
| Jan '25 | 0 |
| Feb '25 | 0 |
| Mar '25 | 0 |
| Apr '25 | 0 |
| May '25 | 0 |
| Jun '25 | 0 |
| Jul '25 | 0 |
| Aug '25 | 1 |
| Sep '25 | 1 |
| Oct '25 | 0 |
| Nov '25 | 1 |
| Dec '25 | 1 |
| Jan '26 | 1 |
| Feb '26 | 0 |
| Mar '26 | 1 |
| Apr '26 | 2 |
| May '26 | 3 |
| Jun '26 | 0 |
| Jul '26 | 0 |
| Aug '26 | 0 |
| Sep '26 | 2 |
| Oct '26 | 0 |
Sector Breakdown
A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.
| Sector | Deals |
|---|---|
| Health & Life Sciences | 23 |
| AI & Machine Learning | 13 |
| Hardware & Robotics | 10 |
| Manufacturing | 10 |
| Enterprise Software | 9 |
| Space & Frontier Tech | 7 |
| Professional Services | 6 |
| Clean Energy & Sustainability | 3 |
| Data, Analytics & IT | 3 |
| Transportation & Logistics | 3 |
| Media & Entertainment | 3 |
| Cybersecurity & Privacy | 2 |
| E-Commerce & Retail | 2 |
| Consumer & Lifestyle | 2 |
| Networks, Cloud & Communication | 2 |
| Crypto & Blockchain | 2 |
| Developer Tools | 2 |
| AR/VR | 1 |
| Marketing & Advertising | 1 |
| Fintech | 1 |
| Food & Agriculture | 1 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 0 |
| $5M-$10M | 2 |
| $10M-$25M | 9 |
| $25M-$50M | 6 |
| $50M-$100M | 13 |
| $100M-$250M | 16 |
| $250M-$500M | 3 |
| $500M-$1B | 2 |
| $1B+ | 0 |
Deals By Geography
Top 7 of 7 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| China | 34 |
| United States | 9 |
| Singapore | 3 |
| Europe | 2 |
| P.R.China | 1 |
| Hong Kong | 1 |
| New Zealand | 1 |
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-investor | Shared deals |
|---|---|
| 5Y Capital | 7 |
| CDH Investments | 5 |
| Linear Capital | 5 |
| Meituan | 5 |
| Sequoia Capital | 5 |
| Hongshan Capital Group (Sequoia Capital China) | 4 |
| Shunwei Capital | 4 |
| GGV Capital | 3 |
| IDG Capital | 3 |
| Lilly Asia Ventures | 3 |
| Qiming Venture Partners | 3 |
| Shenzhen Capital Group | 3 |
| Tiger Global | 3 |
| Xiaomi | 3 |
| Yunfeng Capital | 3 |
| AstraZeneca | 2 |
| Blue Lake Capital | 2 |
| Boyu Capital | 2 |
| Decheng Capital | 2 |
| Eastern Bell Capital | 2 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 23 | 45% |
| Participating | 28 | 55% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 12 | 52% |
| Co-led | 11 | 48% |
Team
Managing Partner