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The Venture Codex

Overview

Investment fund focusing on automotive, new energy, and technology sectors.

Founded

2016

Deals · 12mo

11

Stage focus

Series A
Series B

Geographic focus

China
United States

Sector focus

Autonomous Vehicles
Electric Vehicle
Energy
Mobile
...

Investment portfolio

22rounds
NAMEDATESIZE
Wuxi Gongwang
Sep 2026Led
$15 MSeries A
Zhuji Dynamics
Jul 2026Participated
$200 MOther Equity
Xynova
Jul 2026Participated
$74 MSeries A
Silicon Flow
Jun 2026Participated
$295 MSeries B
Volant Aerotech
May 2026Participated
$147 MSeries C
Zhongke Qingneng
Mar 2026Participated
$72 MSeries A
Shenshui Technology
Mar 2026Led
$14 MSeries A
Linkhou
Feb 2026Led
$14 MSeries B
Zhuji Dynamics
Feb 2026Participated
$200 MSeries B
GEO
Dec 2025Participated
$110 MSeries B
Dexmal
Oct 2025Led
$28 MSeries A
PCG Power
Dec 2023Participated
$209 MSeries A
Wuxi Gongwang
Sep 2026Led
$15 MSeries A
Zhuji Dynamics
Jul 2026Participated
$200 MOther Equity
Xynova
Jul 2026Participated
$74 MSeries A
Silicon Flow
Jun 2026Participated
$295 MSeries B
Volant Aerotech
May 2026Participated
$147 MSeries C
Zhongke Qingneng
Mar 2026Participated
$72 MSeries A
Shenshui Technology
Mar 2026Led
$14 MSeries A
Linkhou
Feb 2026Led
$14 MSeries B
Zhuji Dynamics
Feb 2026Participated
$200 MSeries B
GEO
Dec 2025Participated
$110 MSeries B
Dexmal
Oct 2025Led
$28 MSeries A
PCG Power
Dec 2023Participated
$209 MSeries A
22
Items
...
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Insights

Time horizon

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Deal Distribution

NIO Capital: 22 funding rounds are recorded in the selected participation categories.All available history.
NIO Capital: 22 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A43
Series B27
Series C+11
Other Equity13

Monthly Deal Activity

NIO Capital: 22 deals are recorded across 112 months.All available history.
NIO Capital: 22 deals are recorded across 112 months. All available history
MonthDeals
Jul '171
Aug '170
Sep '170
Oct '170
Nov '171
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '181
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '201
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '201
Dec '200
Jan '211
Feb '210
Mar '210
Apr '210
May '211
Jun '210
Jul '210
Aug '211
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '231
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '231
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '251
Jan '260
Feb '262
Mar '262
Apr '260
May '261
Jun '261
Jul '262
Aug '260
Sep '261
Oct '260

Sector Breakdown

NIO Capital: Transportation & Logistics is the largest displayed sector by deal count (10 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

NIO Capital: Transportation & Logistics is the largest displayed sector by deal count (10 deals). All available history
SectorDeals
Transportation & Logistics10
Hardware & Robotics9
Manufacturing9
AI & Machine Learning6
Enterprise Software4
Clean Energy & Sustainability4
Networks, Cloud & Communication3
Space & Frontier Tech3
E-Commerce & Retail1
Professional Services1
Developer Tools1

Deal Size Distribution

NIO Capital: 22 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

NIO Capital: 22 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M4
$25M-$50M5
$50M-$100M4
$100M-$250M7
$250M-$500M2
$500M-$1B0
$1B+0

Deals By Geography

NIO Capital: China has the largest recorded deal count among the displayed regions (15 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

NIO Capital: China has the largest recorded deal count among the displayed regions (15 deals). All available history
RegionDeals
China15
United States5
Singapore1
Europe1
NIO Capital: 20 co-investors are shown, with Eight Roads Ventures sharing 3 recorded deals.All available history.

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.

Investment Strategy

NIO Capital: Led accounts for 36% and participating for 64% of round participation.All available history.
NIO Capital: Led accounts for 36% and participating for 64% of round participation. All available history
CategoryDeals (count)Share (%)
Led836%
Participating1464%
NIO Capital: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
NIO Capital: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead675%
Co-led225%

Team

Guang Yang

Fundraising Director

Sean Zhang

Managing Director

William Li

Managing Partner

Yair Shacked

Executive Director

Yan Zhu

Managing Partner