Meituan
6 Wangjing East Rd, Beijing, 100102, China
Overview
Meituan develops and operates a platform providing retail and online group buying services. It retails and delivers Chinese food from local restaurants online. It operates a social commerce website that offers online group discounts for movie tickets, groceries, food, restaurants, entertainment, and health/fitness sectors. Wang Xing founded Meituan Group in 2010 that became Meituan-Dianping in December 2015, with its headquarters in Beijing in China. Meituan-Dianping officially changed its name to Meituan in September 2020.
- Total investments
- 27
- Lead investments
- 17
- Investments · 12mo
- 9
- Active investors
- 8
Sector focus
- Consumer
- E-Commerce
- Food Delivery
- Group Buying
- Internet
- Local Business
Investment portfolio
- Xynova
Led · Series A · Jul 2026
Founded less than two years ago, Xynova develops full-stack dexterous hands combining hardware, materials, motion control and manipulation algorithms. Its product line includes Flex 1 — a tendon-driven hand launched in August 2025 with a 380 g palm and payload capacity exceeding 30 kg — and Flex 2, introduced in May 2026 as the industry’s first hybrid tendon-driven plus direct-drive bionic hand with 23 degrees of freedom and a palm weight under 400 g. The company reports industrial-grade durability (tendon lifespan over 1.5 million cycles and whole-hand lifespans exceeding 1 million opening/closing cycles) and claims its hands have passed high-low temperature, vibration and drop tests. Xynova has expanded rapidly to a team of over 300 people, including more than 150 R&D staff, and established a 5,400 sqm factory in Hangzhou with targeted annual capacity of 10,000 units by year-end. Its investor base comprises major industrial and internet strategic backers, and the company has completed consecutive financing rounds totaling about ¥1.5 billion within months, positioning it for mass-production deployment in industrial and consumer scenarios.
- Snapmaker
Participated · Series C · Jul 2026
Snapmaker develops consumer-grade desktop 3D printers, most notably the U1 which uses an architecture of four independent tool heads and the SnapSwap™ rapid tool-changing system to enable multi-color and multi-material printing. The U1 architecture reportedly delivers about a 5x improvement in printing efficiency and reduces filament waste by around 80% compared with traditional single-nozzle solutions. The U1 raised $20.61 million on Kickstarter from over 20,000 backers and the company has since shipped over 100,000 units. Snapmaker says the U1 drove a 10x year-over-year revenue increase. The company plans to expand beyond hardware into a creator-centered ecosystem including consumables, a content community, a dedicated 3D model platform for one-click printing, and AI tools to simplify 3D design and production.
- Even Realities
Led · Series B · Jul 2026
Founded in 2023 by ex-Apple engineers and headquartered in Shenzhen, Even Realities develops display-first smart glasses that use an integrated heads-up display and a companion ring controller. Its early products include the G1 (launched 2024) and the flagship G2 (released November) which omits a camera and emphasizes a privacy-first experience. The company developed proprietary optical technology called Even HAO (Holistic Adaptive Optics) to integrate microchips, waveguides and prescription support. Even exceeded its initial 10,000-unit sales target to become the first in the category to sell more than 10,000 pairs, and reports more than half of users are in the U.S. Frames retail at $599 before tax, with prescription lenses or the ring bringing average orders to about $1,000. The startup expanded staff from a few dozen in 2024 to several hundred and said it is profitable while continuing to invest heavily in optics and product development.
- Mindverse
Led · Series A · Jun 2026
Mindverse develops agent-native AI models and focuses on post-training and continual learning techniques to create adaptive agents. It has produced a 750-billion-parameter agent model based on GLM 5.1, comprising a 744-billion-parameter pretrained base plus a 6-billion-parameter LoRA component. The company uses LoRA to improve learning efficiency and reduce post-training costs. Mindverse maintains partnerships with Huawei Cloud and Microsoft Cloud to enable scalable LoRA-based training and inference. It also operates Macaron, a consumer life-agent app with approximately 2 million users. The company is co-founded by Chen Kaijie and Andrew and recently completed a $50 million Series A led by Meituan.
- Tianji Intelligence
Led · Series B · May 2026
Tianji Intelligence has built a full-stack R&D and mass production system spanning core sensors, integrated joints, controllers and a product matrix handling loads from 3kg to 20kg. It is the first embodied intelligence company to develop its own MEMS joint torque sensors and deploy them in robot joints and has engineered a "one-drive-two" coordination architecture to synchronize two 7-axis force-control arms from a single motherboard. Tianji's Marvin force-control humanoid dual-arm has demonstrated latency as low as 5ms and an average error of 1.89mm in recent tests. Its lightweight integrated joint module, the Marvin M6S Lite, achieves a 62.5% load-to-weight ratio, weighing 8kg while handling a 5kg payload and offering an 8kHz torque closed loop with four-loop control. In the first four months of 2025 the company delivered over 2,000 force-control humanoid dual arms to more than 100 clients, became the largest shipper globally by volume for such systems, and reported backlog orders exceeding 10,000 units in Q1. Its customer base includes 45 global humanoid robot OEMs and other embodied intelligence unicorns, and the company aims to use scale and the new funding to expand R&D, production and global sales.