Get Free Access to The Founder's Handbook

This free Notion document contains the best 100+ resources you need for building a successful startup, divided in 4 categories: Fundraising, People, Product, and Growth.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
The Founder's Handbook
Download Our Free Guide: The Perfect Pitch Deck

This free eBook goes over the 10 slides every startup pitch deck has to include, based on what we learned from analyzing 500+ pitch decks, including those from Airbnb, Uber and Spotify.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
The Perfect Pitch Deck
Download Our List of The Top 100 Accelerators & Incubators

This free sheet contains 100 accelerators and incubators you can apply to today, along with information about the industries they generally invest in.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
100 Accelerators & Incubators
Download Our List of The Top 100 Venture Capital Firms

This free sheet contains 100 VC firms, with information about the countries, cities, stages, and industries they invest in, as well as their contact details.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
VC Firm Lead Magnet
Download The List of the 100 Highest-Valued Unicorns

This free sheet contains all the information about the top 100 unicorns, including their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
100 Top Unicorns

Top 88 Venture Capital Firms in China (2026)

Description

CTA

China's startup scene is full of energy, and its venture capital firms are helping to fuel that growth. For founders with a strong vision, this creates a great environment to find a partner and build something new.

Firms like IDG Capital have backed over 1,500 companies, while others like Matrix Partners China have made more than 750 investments. Many of these investors are actively looking for the next generation of entrepreneurs to support.

Below is our list of the best 88 VC firms in China.

Failory's Top 10 Picks

Fundraising OS
Tool
Fundraising OS

Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.

Buy It For $97 $297

Established by the Shenzhen Government, Shenzhen Capital Group invests in high-tech enterprises and SMEs to cultivate national industries and promote economic transformation. They support companies from seed to late-stage across sectors like IT and biopharma, and have successfully listed over 145 of their portfolio companies on global capital markets.

HeadquartersNanshan, Hunan, China
Year Founded1999
FoundersLiu Can
IndustriesInternet & Mobile, DTC, Climate & Sustainability, Supply Chain & Logistics, Biotech, Media, Manufacturing
Investment StageEarly Stage, Late Stage, Seed
Nº of Investments702 (284 as Lead Investor)
Nº of Exits97 (91 IPO'd)
Contactmaster@szvc.com.cn / 0755-82912888

Baidu Ventures operates as an independent fund established by Baidu, backing entrepreneurs at the forefront of artificial intelligence. They invest across all stages, from seed to late stage, in companies aiming to change how we work, live, and interact.

HeadquartersBeijing, Beijing, China
Year Founded2016
FoundersWenjie Wu
Investment StageEarly Stage, Late Stage, Seed
Nº of Investments192 (53 as Lead Investor)
Nº of Exits6 (2 IPO'd)
Contacthi@bv.ai

Matrix Partners China partners with early-stage entrepreneurs to build industry-defining companies across sectors like SaaS, deep tech, and consumer tech. By combining local knowledge with global experience, their team of former entrepreneurs and investors has helped guide major successes like Baidu, Focus Media, and Eachnet to IPOs and acquisitions.

HeadquartersBeijing, Beijing, China
Year Founded1977
FoundersBo Shao, David Su, David Zhang, Yee Lee
IndustriesSaaS, Deep Tech & Hard Science, Healthcare, Consumer, DTC, Enterprise
Investment StageEarly Stage, Series A
Nº of Investments751 (251 as Lead Investor)
Nº of Exits52 (33 IPO'd)
Contactinfo@matrixpartners.com.cn / +86-10-6500-0088

With a focus on China and the broader Asian market, IDG Capital invests in technology companies from the seed stage all the way to growth. The firm has backed some of China's most successful tech giants, including Baidu, Tencent, and Xiaomi, by connecting global resources with local market needs.

HeadquartersBeijing, Beijing, China
Year Founded1993
Founders
IndustriesMedia, Healthcare, Consumer, Entertainment, Climate & Sustainability, Energy
Investment StageEarly Stage, Late Stage, Private Equity, Seed, Pre-Seed, Series A
Nº of Investments1503 (545 as Lead Investor)
Nº of Exits175 (124 IPO'd)
Contactcooperation@idgcapital.com / +86 10 8590 1800

Vision Plus Capital invests in early to growth stage Chinese startups across internet, consumer, healthcare, and tech sectors. Their team, composed of experts from leading internet firms, provides hands-on support in strategy and operations to portfolio companies like the electric vehicle maker Li Auto.

HeadquartersHangzhou, Zhejiang, China
Year Founded2015
FoundersEddie Wu
Investment Stage
Nº of Investments190 (65 as Lead Investor)
Nº of Exits6 (3 IPO'd)
Contactbp@vplus.vc / +057188737970

As the exclusive China-based partner of Lightspeed Venture Partners, they provide early-stage funding to Chinese entrepreneurs in sectors like consumer internet and enterprise technology. Their support has helped launch major companies, including the e-commerce platform Pinduoduo and the logistics network Manbang Group.

HeadquartersShanghai, Shanghai, China
Year Founded2006
FoundersHerry Han, James Mi, Ron Cao
Investment StageEarly Stage, Late Stage, Private Equity, Seed
Nº of Investments173 (68 as Lead Investor)
Nº of Exits10 (7 IPO'd)
Contactdream@lightspeedcp.com / +86 21 6535 3536

Addor Capital finances both early-stage ventures and private equity opportunities, focusing on emerging industries. With a portfolio of nearly 300 companies, they have a strong track record of guiding businesses toward successful public offerings.

HeadquartersNanjing, Jiangsu, China
Year Founded2014
FoundersFan Liping, Huang Tao, Shi Yunzhong, You Jinbai, Zhou Chunfang
Investment StageEarly Stage, Private Equity
Nº of Investments297 (154 as Lead Investor)
Nº of Exits25 (24 IPO'd)
Contactaddor@addorcapital.com / 025-85529986

Sky9 Capital backs founders building disruptive technology companies across the consumer, enterprise, fintech, and deep tech sectors. Managing nearly $2 billion in both USD and RMB funds, they provide capital from seed to late stages to help drive societal and environmental change.

HeadquartersShanghai, Shanghai, China
Year Founded2016
FoundersRon Cao
Total Funding$640M
IndustriesAI & ML, Crypto & Blockchain, Enterprise, Fintech, Consumer, Internet & Mobile
Investment StageEarly Stage, Late Stage, Seed
Nº of Investments136 (26 as Lead Investor)
Nº of Exits7 (4 IPO'd)
Top Portfolio StartupsWilling, NodeReal, CyberConnect
Contactinfo@sky9capital.com / +86 (21) 5238 3699

With a focus on China's technology, media, and telecom sectors, they partner with founders from the earliest stages through to periods of major growth. Their investment thesis centers on three core drivers, Internet+, AI+, and Global+, which has led them to back some of China's most successful tech companies, including Bytedance and Meituan.

HeadquartersChaoyang, Liaoning, China
Year Founded2014
FoundersCao Yi, Charlie Cao
Investment StageEarly Stage, Late Stage, Seed
Nº of Investments328 (105 as Lead Investor)
Nº of Exits16 (9 IPO'd)
Contact+861069943483
K2VC Logo

10. K2VC

K2VC invests in early-stage Chinese technology startups that drive technological progress and pioneer new business models. The firm has supported companies that redefine modern lifestyles, including the bike-sharing platform Mobike.

HeadquartersBeijing, Beijing, China
Year Founded2010
FoundersFan Bao, Keyi Chen
Investment StageEarly Stage, Seed
Nº of Investments326 (68 as Lead Investor)
Nº of Exits9 (6 IPO'd)
Contacthi@k2vc.com / +86 10 85879952

78 Additional China VC Firms Worth Pitching

The firms we've highlighted are some of our favorites, but the list of active investors in China runs deep. Together, they have backed over 6,800 startups and helped more than 560 of them reach an exit.

For founders looking for the right partner, there are plenty of great options to consider. Here are the other venture capital firms funding what's next in China.

VC FirmYear FoundedNº InvestmentsNº Exits
Shunwei Capital logo Shunwei Capital201154738
Blue Lake Capital logo Blue Lake Capital2014803
Northern Light Venture Capital logo Northern Light Venture Capital200544659
INCE Capital logo INCE Capital201954
Plum Ventures logo Plum Ventures20142669
ZhenFund logo ZhenFund201179159
Qingsong Fund logo Qingsong Fund20121377
BioVenture logo BioVenture20131638
Lilly Asia Ventures logo Lilly Asia Ventures200821946
FutureCap logo FutureCap20141127
Sherpa Healthcare Partners logo Sherpa Healthcare Partners2018907
DT Capital Partners logo DT Capital Partners200613917
Apricot Capital logo Apricot Capital2015344
Rich Land Capital logo Rich Land Capital2011362
Enlight Growth Partners logo Enlight Growth Partners201737
Redpoint Ventures China logo Redpoint Ventures China19991036
Hefei High-tech VC logo Hefei High-tech VC201241
CM Venture Capital logo CM Venture Capital2010242
China Integrated Circuit Industry Investment Fund (CICF) logo China Integrated Circuit Industry Investment Fund (CICF)2014397
3E Bioventures logo 3E Bioventures2015588
Yunqi Partners logo Yunqi Partners20141997
Fortune Venture Capital logo Fortune Venture Capital200031445
CAS Star logo CAS Star20202072
Harvest Capital logo Harvest Capital2007102
Fosun International logo Fosun International199211923
01vc logo 01vc2014632
5Y Capital logo 5Y Capital200831025
Long Hill Capital logo Long Hill Capital2016421
GSR United Capital logo GSR United Capital200922618
Pan-Lin Capital logo Pan-Lin Capital2010675
Xianghe Capital logo Xianghe Capital2016652
Quan Capital logo Quan Capital2017368
CTC Capital logo CTC Capital2006371
NewMargin Ventures logo NewMargin Ventures199911423
Cyber Creation Ventures (CCV) logo Cyber Creation Ventures (CCV)20179110
V-Capital logo V-Capital2015252
GOVTOR logo GOVTOR1992182
XVC logo XVC2016471
6 Dimensions Capital logo 6 Dimensions Capital20175217
Fosun RZ Capital logo Fosun RZ Capital201314810
Innoangel Fund logo Innoangel Fund20132388
Puhua Capital logo Puhua Capital200421013
BAce Capital logo BAce Capital2019201
ATM Capital logo ATM Capital2017121
Golden Rain Bogor logo Golden Rain Bogor200442
Ameba Capital logo Ameba Capital20118510
Alwin Capital logo Alwin Capital201522
Linear Venture logo Linear Venture2014973
SDIC Venture Capital logo SDIC Venture Capital201615410
Huangpu River Capital logo Huangpu River Capital2013125
MiraclePlus logo MiraclePlus20181121
Panacea Venture logo Panacea Venture2017211
Silicon Harbor Capital logo Silicon Harbor Capital201925
Shiyu Capital logo Shiyu Capital2014203
Med-Fine Capital logo Med-Fine Capital2014721
Sinovation Ventures logo Sinovation Ventures200938646
Bits x Bites logo Bits x Bites2016271
Yield Capital logo Yield Capital201481
Stone Capital logo Stone Capital2008275
Panda Capital logo Panda Capital2015531
Hongtai Capital Holdings logo Hongtai Capital Holdings2014915
Jolmo Capital logo Jolmo Capital2004407
Tunlan Investment logo Tunlan Investment332
Sinopharm Capital logo Sinopharm Capital20124710
DCL Investments logo DCL Investments2015
GeeCap logo GeeCap201661
Virtual Reality Venture Capital Alliance (VRVCA) logo Virtual Reality Venture Capital Alliance (VRVCA)20162
Chengwei Capital logo Chengwei Capital199910810
Game Trigger logo Game Trigger20202
Jinqiu Capital logo Jinqiu Capital20226
Trend Micro Ventures logo Trend Micro Ventures
Oriental Fortune Capital logo Oriental Fortune Capital200728728
Eminence Ventures logo Eminence Ventures2017462
Tsing Capital logo Tsing Capital2001338
BridgeOne Capital logo BridgeOne Capital20168
Jinqiu Fund logo Jinqiu Fund202226
MSA Capital logo MSA Capital20147813
GL Ventures LLC logo GL Ventures LLC2020975

Description

CTA
The All-In-One Newsletter for Startup Founders

90% of startups fail. Learn how not to with our weekly guides and stories. Join +40,000 other startup founders!

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.