The Venture Codex Logo

The Venture Codex

Overview

Internet service portal offering communication and lifestyle services.

Founded

1998

Deals ยท 12mo

23

Stage focus

Series B
Series C

Geographic focus

China
India
United Kingdom
United States

Sector focus

Advertising
Internet
Online Games
Online Portals
...

Investment portfolio

344rounds
NAMEDATESIZE
Manus
Oct 2026Participated
$500 MOther Equity
MindMesh
Sep 2026Led
$35 MSeries B
Circle Games
Sep 2026Led
$25 MSeries A
W4 Games
Sep 2026Led
$18 MSeries B
Naive AI
Sep 2026Participated
$400 MOther Equity
Lovable
Aug 2026Participated
$400 MSeries C
Mochi Intelligence
Jul 2026Participated
$147 MSeries A
Moqi
Jul 2026Led
$147 MOther Equity
Even Realities
Jul 2026Led
$150 MSeries B
DeepSeek
Jun 2026Participated
$7.4 BOther Equity
Tianji Intelligence
May 2026Participated
$147 MSeries B
Primer
May 2026Participated
$100 MSeries C
Manus
Oct 2026Participated
$500 MOther Equity
MindMesh
Sep 2026Led
$35 MSeries B
Circle Games
Sep 2026Led
$25 MSeries A
W4 Games
Sep 2026Led
$18 MSeries B
Naive AI
Sep 2026Participated
$400 MOther Equity
Lovable
Aug 2026Participated
$400 MSeries C
Mochi Intelligence
Jul 2026Participated
$147 MSeries A
Moqi
Jul 2026Led
$147 MOther Equity
Even Realities
Jul 2026Led
$150 MSeries B
DeepSeek
Jun 2026Participated
$7.4 BOther Equity
Tianji Intelligence
May 2026Participated
$147 MSeries B
Primer
May 2026Participated
$100 MSeries C
344
Items
...
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Tencent: 344 funding rounds are recorded in the selected participation categories.All available history.
Tencent: 344 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed422
Series A2126
Series B2234
Series C+4661
Other Equity4659
Debt12

Monthly Deal Activity

Tencent: 344 deals are recorded across 186 months.All available history.
Tencent: 344 deals are recorded across 186 months. All available history
MonthDeals
May '111
Jun '110
Jul '110
Aug '110
Sep '110
Oct '111
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '121
May '121
Jun '120
Jul '121
Aug '121
Sep '120
Oct '121
Nov '120
Dec '121
Jan '130
Feb '130
Mar '130
Apr '131
May '130
Jun '131
Jul '131
Aug '131
Sep '130
Oct '131
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '141
May '141
Jun '140
Jul '142
Aug '140
Sep '143
Oct '142
Nov '142
Dec '143
Jan '151
Feb '150
Mar '151
Apr '152
May '152
Jun '152
Jul '152
Aug '154
Sep '151
Oct '151
Nov '153
Dec '150
Jan '162
Feb '161
Mar '160
Apr '162
May '161
Jun '162
Jul '161
Aug '161
Sep '161
Oct '160
Nov '163
Dec '163
Jan '172
Feb '171
Mar '171
Apr '171
May '178
Jun '172
Jul '172
Aug '174
Sep '172
Oct '174
Nov '173
Dec '170
Jan '184
Feb '185
Mar '182
Apr '185
May '184
Jun '181
Jul '182
Aug '183
Sep '182
Oct '184
Nov '180
Dec '184
Jan '191
Feb '192
Mar '195
Apr '192
May '191
Jun '192
Jul '193
Aug '192
Sep '193
Oct '194
Nov '191
Dec '190
Jan '203
Feb '203
Mar '202
Apr '204
May '203
Jun '200
Jul '204
Aug '202
Sep '205
Oct '204
Nov '207
Dec '205
Jan '215
Feb '213
Mar '218
Apr '212
May '212
Jun '214
Jul '216
Aug '214
Sep '214
Oct '213
Nov '217
Dec '217
Jan '223
Feb '226
Mar '226
Apr '221
May '223
Jun '223
Jul '223
Aug '221
Sep '226
Oct '223
Nov '220
Dec '221
Jan '231
Feb '234
Mar '230
Apr '231
May '232
Jun '233
Jul '232
Aug '231
Sep '232
Oct '232
Nov '231
Dec '231
Jan '241
Feb '241
Mar '241
Apr '241
May '240
Jun '241
Jul '241
Aug '241
Sep '240
Oct '241
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '251
Sep '252
Oct '251
Nov '252
Dec '252
Jan '262
Feb '261
Mar '262
Apr '261
May '262
Jun '261
Jul '263
Aug '261
Sep '264
Oct '261

Sector Breakdown

Tencent: Fintech is the largest displayed sector by deal count (89 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.

Tencent: Fintech is the largest displayed sector by deal count (89 deals). All available history
SectorDeals
Fintech89
Networks, Cloud & Communication87
Enterprise Software78
Health & Life Sciences70
AI & Machine Learning57
Transportation & Logistics45
E-Commerce & Retail43
Social & Community Platforms33
Media & Entertainment32
Hardware & Robotics30
Gaming & eSports28
Education & Workforce26
Consumer & Lifestyle24
Data, Analytics & IT23
Space & Frontier Tech20
Professional Services15
AR/VR13
Food & Agriculture12
Marketing & Advertising11
Developer Tools11
Manufacturing10
Crypto & Blockchain9
Real Estate & Construction5
Travel & Hospitality4
Clean Energy & Sustainability4
Government & Defense1
Cybersecurity & Privacy1

Deal Size Distribution

Tencent: 344 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.

Tencent: 344 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M32
$5M-$10M13
$10M-$25M44
$25M-$50M43
$50M-$100M47
$100M-$250M80
$250M-$500M47
$500M-$1B20
$1B+18

Deals By Geography

Tencent: United States has the largest recorded deal count among the displayed regions (95 deals).All available history.

Top 10 of 27 regions; European countries are grouped as Europe.

Tencent: United States has the largest recorded deal count among the displayed regions (95 deals). All available history
RegionDeals
United States95
China86
Europe73
India23
Singapore15
Nigeria7
Brazil5
Indonesia4
Australia4
Philippines4
Tencent: 20 co-investors are shown, with Hongshan Capital Group (Sequoia Capital China) sharing 20 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.

Tencent: 20 co-investors are shown, with Hongshan Capital Group (Sequoia Capital China) sharing 20 recorded deals. All available history
Co-investorShared deals
Hongshan Capital Group (Sequoia Capital China)20
SoftBank20
DST Global18
Sequoia Capital18
Y Combinator15
Alibaba13
Coatue12
Hillhouse Capital12
Tiger Global12
GGV Capital11
IDG Capital11
Temasek11
Khosla Ventures9
Peak XV Partners9
Andreessen Horowitz8
KKR8
Qiming Venture Partners8
Cambridge Innovation Capital7
GIC7
Horizons Ventures7

Investment Strategy

Tencent: Led accounts for 41% and participating for 59% of round participation.All available history.
Tencent: Led accounts for 41% and participating for 59% of round participation. All available history
CategoryDeals (count)Share (%)
Led14041%
Participating20459%
Tencent: Single-lead accounts for 59% and co-led for 41% of lead dynamics.All available history.
Tencent: Single-lead accounts for 59% and co-led for 41% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead8359%
Co-led5741%

Team

Chenye Xu

Chief Information Officer

Hongfeng Sun

Human Resource Shared Service Centre Director

Lau Seng Yee

SEVP, Chairman of Tencent Advertising, Chairman of Group Marketing and Global Branding

Peter Pi

Senior Security Researcher

Pony Ma

Founder, CEO & Executive Director

Steven Fan

Executive Director

Wenxiang Qian

Senior Security Researcher, Tencent Blade Team Qian

Xi dan

Senior Vice President

Xiaolong Guo

Senior Security Engineer

Zhidong Zhang

Founder, Chief Technology Officer