Lenovo
Building 2, No.10 Courtyard Xibeiwang East Road, Beijing, Haidian District, 100094, China
Overview
Lenovo is one of the world's leading personal technology companies, producing innovative PCs and mobile internet devices. A global Fortune 500 company, Lenovo is the world's largest PC vendor and fourth largest smartphone company. While the Lenovo brand came into existence only in 2004, the company has a much longer history. In 1984, Legend Holdings was formed with 200,000 RMB (US$25,000) in a guard house in China. The company was incorporated in Hong Kong in 1988 and would grow to be the largest PC company in China. Legend Holdings changed its name to Lenovo in 2004 and, in 2005, acquired the former Personal Computer Division of IBM, the company that invented the PC industry in 1981. Today, Lenovo is a US$39billion personal technology company with more than 54,000 employees (including joint ventures) in more than 60 countries serving customers in more than 160 countries. Lenovo is a global company that is incorporated and headquartered in Hong Kong, with operational centers located strategically around the world , with the largest in Beijing and Morrisville, NC. These operational centers drive Lenovo’s global and local business approach. Lenovo has grown faster than the market for more than four years because our exceptionally engineered products are meant for those who do. Our customers use innovation to bring progress to the world, and we design and build our products with this in mind, taking inspiration from the drive and imagination of the people who make things happen. Our technology helps those who do, do better. Whether a PC, smartphone, tablet, smart TV, server, workstation or storage, Lenovo makes the products that customers need for what we call the "PC+ world." Lenovo is creating real differentiation from the competition thanks to its vertically integrated end-to-end business model. This model is unique among major PC makers and is a significant source of competitive advantage, helping us to bring more innovation to market, more efficiently, and aggressively attack the PC+ opportunity. And as Lenovo expands globally, we are establishing even deeper roots in each major market, investing not only in sales and distribution, but also in local domestic manufacturing, R&D and other high-value functions. This global reach with local excellence is enabling us to build a new kind of company - a "global-local" company - and positions us to more deeply implement our protect and attack strategy and build the foundation for long-term success.
- Total investments
- 20
- Lead investments
- 5
- Investments · 12mo
- 3
- Active investors
- 9
Sector focus
- Computer
- Electronics
- Hardware
- Mobile
Investment portfolio
- Nscale
Participated · Series C · Mar 2026
Nscale builds and operates vertically integrated AI data centers, controlling everything from renewable energy sourcing and facility construction to the compute stack and orchestration layer. Backed by Nvidia, the company is developing ‘Stargate Norway,’ an installation targeting 100,000 Nvidia GPUs by the end of 2026 with OpenAI as an initial customer. In October it also partnered with Microsoft and Dell to deploy roughly 200,000 Nvidia GPUs across four data centers in Europe and the U.S. The firm positions itself as a low-cost, green alternative for AI compute, pledging to reuse waste heat and invest in local skills and infrastructure. Its latest funding round values the company at $14.6 billion, placing it among Europe’s few AI decacorns. Nscale plans to use the new capital to accelerate build-outs in Europe, North America and Asia while expanding its engineering and operations teams. The company has hinted at a possible IPO as early as this year to further bolster its capital base. High-profile board appointments—including Sheryl Sandberg, Susan Decker and Nick Clegg—underscore its growing prominence.
- Leju Robot
Participated · Equity · Oct 2025
Founded in 2016 as a spin-out of the Harbin Institute of Technology, Shenzhen-based Leju Robotics develops wheeled, tracked and bipedal robots and operates an ecosystem that includes core components, gait-control algorithms and ROS-based software. Its product family ranges from the AELOS and ROBAN educational humanoids to the KUAVO-MY and KUAVO 3.0 full-size humanoids, the latter marketed as an open platform for embodied AI research and industrial use. Leju also supplies robotics-as-a-service across multiple industries and has built R&D centers throughout China, most recently opening an innovation center with Huawei in Shenzhen. AELOS units were showcased at the 2018 Winter Olympic Games, highlighting the company’s marketing reach. The firm collaborates with Chinese technology giants such as Huawei, Alibaba and Haier. Proceeds from its latest capital raise will fund further R&D, preparation for mass production and expansion of these partnerships. Management has indicated plans to pursue an initial public offering in the future.
- Nearby Computing
Participated · Series A · Jul 2024
Nearby Computing builds an orchestration and automation platform, NearbyOne, that manages edge computing deployments including MEC environments and private 5G networks. The platform targets industrial companies and telco operators and supports use cases such as Connected Vehicle, massive IoT, retail, and defense and security. The company says its solution manages all levels of the network ecosystem through a single interface to maximize edge benefits. Nearby reports rapid market traction and plans to expand its market coverage and sales force to accelerate adoption. The firm intends to consolidate leadership across North America, Asia‑Pacific and Europe. Its strategy emphasizes empowering companies and service providers with advanced edge computing and software automation solutions. Nearby Computing, founded in 2018 as a spin-off of the Barcelona Supercomputing Center (BSC-CNS) and the Universitat Politècnica de Catalunya (UPC), builds orchestration and automation software for networks with a focus on Edge Computing and 5G. The company develops tools to deploy and maintain virtual network functions and high-value applications such as computer vision, augmented reality and IoT, optimizing resource efficiency and guaranteeing service levels. Its products target telco operators, industry (Industry 4.0), utilities, smart-city deployments and connected-vehicle networks. By 2020 Nearby Computing had commercial activity in Spain, elsewhere in Europe, North America and the Middle East and maintains a broad partner network. The approximately €2M raised in the seed round will be used to reinforce growth by scaling global commercialization, consolidating projects, expanding R&D capacity and improving customer service. Investors will also collaborate on commercialization in their markets and integrate the startup into advanced innovation programs.
- Knowdee Intelligence
Participated · Series A · Apr 2024
诺谛智能 develops industry large models and applications tailored to manufacturing scenarios, with a flagship model named 诺谛支点行业大模型. The company focuses on aligning models to industry mechanisms and building AI+manufacturing solutions. Its product work centers on continuous iteration and optimization of the industry model and on refining scenario-specific solutions. The firm plans to expand market outreach for its manufacturing-focused offerings and to recruit additional talent. Recently completed financing provides fresh capital to support these technical and commercial priorities. No operating metrics (revenue/users) are disclosed in the article.
- Industrial Next
Led · Series A · Jun 2022
Industrial Next packages modular equipment, customized software and follow-on services to give EV suppliers smart-factory capabilities. Its offerings include sensing devices that run on edge computing, algorithms that detect defects during production, and a data framework to inform designers of production progress. The company says clients can buy a single production unit or outfit an entire factory. Founders include Allen Pan, Tesla’s former autonomous factory lead at Fremont, and Lukas Pankau, a former lead electrical architect on Tesla Model X, Y and 3. Industrial Next aims to improve on manufacturing technologies tested by Tesla and to help suppliers shorten production cycles, adapt to changing demand and scale capacity. The startup has engaged potential customers including Rivian, Nio, Huaqin and WiseTech as part of its commercial outreach.