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
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.
| Headquarters | Nanshan, Hunan, China |
| Year Founded | 1999 |
| Founders | Liu Can |
| Industries | Internet & Mobile, DTC, Climate & Sustainability, Supply Chain & Logistics, Biotech, Media, Manufacturing |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 702 (284 as Lead Investor) |
| Nº of Exits | 97 (91 IPO'd) |
| Contact | master@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.
| Headquarters | Beijing, Beijing, China |
| Year Founded | 2016 |
| Founders | Wenjie Wu |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 192 (53 as Lead Investor) |
| Nº of Exits | 6 (2 IPO'd) |
| Contact | hi@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.
| Headquarters | Beijing, Beijing, China |
| Year Founded | 1977 |
| Founders | Bo Shao, David Su, David Zhang, Yee Lee |
| Industries | SaaS, Deep Tech & Hard Science, Healthcare, Consumer, DTC, Enterprise |
| Investment Stage | Early Stage, Series A |
| Nº of Investments | 751 (251 as Lead Investor) |
| Nº of Exits | 52 (33 IPO'd) |
| Contact | info@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.
| Headquarters | Beijing, Beijing, China |
| Year Founded | 1993 |
| Founders | — |
| Industries | Media, Healthcare, Consumer, Entertainment, Climate & Sustainability, Energy |
| Investment Stage | Early Stage, Late Stage, Private Equity, Seed, Pre-Seed, Series A |
| Nº of Investments | 1503 (545 as Lead Investor) |
| Nº of Exits | 175 (124 IPO'd) |
| Contact | cooperation@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.
| Headquarters | Hangzhou, Zhejiang, China |
| Year Founded | 2015 |
| Founders | Eddie Wu |
| Investment Stage | — |
| Nº of Investments | 190 (65 as Lead Investor) |
| Nº of Exits | 6 (3 IPO'd) |
| Contact | bp@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.
| Headquarters | Shanghai, Shanghai, China |
| Year Founded | 2006 |
| Founders | Herry Han, James Mi, Ron Cao |
| Investment Stage | Early Stage, Late Stage, Private Equity, Seed |
| Nº of Investments | 173 (68 as Lead Investor) |
| Nº of Exits | 10 (7 IPO'd) |
| Contact | dream@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.
| Headquarters | Nanjing, Jiangsu, China |
| Year Founded | 2014 |
| Founders | Fan Liping, Huang Tao, Shi Yunzhong, You Jinbai, Zhou Chunfang |
| Investment Stage | Early Stage, Private Equity |
| Nº of Investments | 297 (154 as Lead Investor) |
| Nº of Exits | 25 (24 IPO'd) |
| Contact | addor@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.
| Headquarters | Shanghai, Shanghai, China |
| Year Founded | 2016 |
| Founders | Ron Cao |
| Total Funding | $640M |
| Industries | AI & ML, Crypto & Blockchain, Enterprise, Fintech, Consumer, Internet & Mobile |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 136 (26 as Lead Investor) |
| Nº of Exits | 7 (4 IPO'd) |
| Top Portfolio Startups | Willing, NodeReal, CyberConnect |
| Contact | info@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.
| Headquarters | Chaoyang, Liaoning, China |
| Year Founded | 2014 |
| Founders | Cao Yi, Charlie Cao |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 328 (105 as Lead Investor) |
| Nº of Exits | 16 (9 IPO'd) |
| Contact | +861069943483 |
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.
| Headquarters | Beijing, Beijing, China |
| Year Founded | 2010 |
| Founders | Fan Bao, Keyi Chen |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 326 (68 as Lead Investor) |
| Nº of Exits | 9 (6 IPO'd) |
| Contact | hi@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.