The Venture Codex

Participated · Seed · Apr 2026

AlphaNet offers a state-of-the-art end-to-end platform combining a quantitative strategy marketplace, one-click strategy deployment, proprietary low-latency execution algorithms, and AI compute for training and inference. Incubated by Tensor Investment, the platform currently hosts over 30 high-Sharpe strategies and reports a user retention rate above 98%. AlphaNet requires strategies to pass its proprietary robustness testing and alpha decay mitigation framework before going live and shares execution and inference infrastructure across strategies. The company plans to launch an Open Platform by the end of Q2 to onboard external prop trading teams and expects to have 100+ strategies on the platform by that time. It is also developing a novel agentic system for personalized strategy selection, deployment, and automated monitoring to help users navigate and manage multiple alphas.

Participated · Series B · Nov 2025

TCab Tech is an eVTOL manufacturer focused on a tilt-rotor architecture it believes is optimal for Advanced Air Mobility. Its flagship aircraft, the five-seat E20, combines vertical take-off capability with a cruise speed of 320 km/h, a 200 km range, and a 450 kg payload. The model has logged more than 1,000 flight tests, including the world’s first multi-passenger eVTOL flight with the CEO onboard, and is now in compliance verification with a certification target of 2027. In July 2025 the company signed an MoU with Abu Dhabi–based Autocraft for up to 350 aircraft, the largest overseas order secured by a Chinese eVTOL firm. TCab Tech has built a global supply-chain network, partnering with Safran for certified electric motors and major Chinese aerospace suppliers for avionics, batteries and composites. The firm is simultaneously preparing for large-scale manufacturing while advancing airworthiness certification. After seven funding rounds, its cumulative capital raised exceeds RMB 1 billion (≈USD 143 million), providing resources to accelerate commercialization.

Participated · Series B · Apr 2025

Convergent International Travel operates a proprietary B2B SaaS platform focused on hotel wholesale, digital marketing, and multi-dimensional distribution channels for overseas hotels in China. The platform serves travel agencies, travel management companies (TMCs), airlines, and banks, enabling streamlined resource procurement, optimized pricing, and enhanced distribution through a closed-loop digital system. CIT has built a network covering over 1.1 million hotels across more than 150 countries and supports operations from offices in 13 countries. Founded in 2015 and headquartered in China, the company is positioned as a supply-chain and distribution layer for hospitality partners targeting the Chinese market. In March 2025 CIT raised RMB 100 million (approximately $13.8M) in a Series B+ round. The company plans to use the proceeds to upgrade its supply chain infrastructure, develop AI-driven intelligent platforms, and expand its global talent network.

Led · Series D · Dec 2023

肇观电子 develops edge AI and computer-vision SoCs and modules, shipping N, D and V series chips for security, automotive, robotics and smart retail. Its CVKit™ neural-network core targets high energy-efficiency with advertised 2.4 TOPS INT8 / 1.2 TOPS FP16 compute for consumer camera SoCs and industry-grade VPUs. Chips integrate high-quality ISP, 3D denoising and HDR, and support MIPI/DVP and rolling/global-shutter sensors. The company supplies 3D depth-camera form factors for robotics (including customizable variants) and reports its Feynman series annual shipments are expected to exceed 100,000 units. In automotive it provides CMS chips with sub-1s cold-start and end-to-display latency cited under 40ms, and its domestic car-grade SoC is in over 20 Tier-1 supplier supply chains and used in some ADAS offerings. The company holds 200+ domestic and international patents, has offices in Germany and Japan, and holds a national high-tech enterprise certification. 肇观电子 designs AI vision chips for artificial intelligence visual processing. The company focuses on developing high-compute product lines for AI vision applications. In June 2022 it announced a C round financing of several hundred million yuan. Proceeds are earmarked for global market expansion, expanding its high‑compute product lineup, and recruiting high‑end talent. The stated goal is to further build an internationally competitive, first‑tier AI vision chip company. No revenue, user, valuation, founding year, or location metrics were disclosed in the article. 肇观电子 is an AI chip startup that develops vision-focused silicon for applications such as security, access control, and home cameras. The company plans to formally launch its N-series AI vision chips (N163, N161, N160) and follow with D163 (3D vision) and V163 (automotive) to cover a broad set of computer-vision use cases. It also introduced the InferStudio development platform to help customers accelerate project evaluation and development. Founded in May 2016 in Shanghai’s Zhangjiang Jidian Port, the company has completed five financing rounds in under four years. Financially, it recently closed a ¥300 million Series B to expand its R&D team and broaden its product line; its prior A round at the end of 2018 was ¥200 million.

Participated · Series B · Dec 2023

Luxin New Materials develops equipment for producing metal powders and offers related technical consulting. Its main products include VIGA vacuum induction gas‑atomization powder furnaces, 3D‑printing powder collection equipment, powder development centers, and powder testing devices. The company’s business spans both equipment R&D and metal powder production technology consulting. The article reports that Luxin New Materials has completed a B+ financing round. Tuofeng Capital acted as financial advisor on the transaction. No revenue, user metrics, or other financial details were provided in the article. Lu Xin New Materials develops and produces high-end alloy powders (titanium, high-temperature, aluminum, copper and steel alloys) and related equipment such as VIGA vacuum induction gas-atomization furnaces, 3D-printing powder collection systems, powder R&D centers and testing devices. The company also offers metal-powder production technical consulting and has supplied metal powders totaling up to ten thousand tons to customers in weapons, aerospace and aviation. Lu Xin operates more than 20 powder-production lines with an annual capacity of about 8,000 tonnes and reports PPM-level control of key components and low inclusion content. Using a metallographic big-database and self-developed nonstandard equipment, the company says it has broken foreign equipment monopolies and localized the supply chain and maintenance systems. It is a market leader in diamond catalyst powders, designated as the first supplier to three downstream factories and holding a high market share in that segment. R&D strength is reflected in participation in national and industry projects and more than 60 authorized patents. The company has three R&D/production bases in Henan, Anhui and Jiangsu and is positioning itself as a domestic leading high-end alloy-powder platform.