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.
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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.
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Shanghai's startup ecosystem is full of founders with big ideas, and there are many investors ready to listen.
Some firms are especially active, with Lilly Asia Ventures making over 200 investments and Yunqi Partners close behind with almost 200 of their own.
Below is our list of the best 31 VC firms in Shanghai.
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 →As the Chinese arm of Lightspeed Venture Partners, they back early-stage startups across consumer internet, enterprise technology, and deep tech. The firm is committed to helping Chinese founders build industry-leading companies, with a portfolio that includes successes like Meituan and Pinduoduo.
Sky9 Capital backs founders building disruptive technologies across the consumer, enterprise, and deep tech sectors, aiming to drive positive societal and environmental change. Managing both USD and RMB funds, the firm supports companies from seed to late stage, and its portfolio includes the e-commerce giant Pinduoduo.
As the venture capital arm for pharmaceutical company Eli Lilly and Company, Lilly Asia Ventures backs promising life science companies across Asia. They invest from early to late stages, primarily in China, supporting companies with innovative technology and business models.
Focusing on China's market, they provide growth capital to early and expansion-stage companies with high growth potential and demonstrated revenue models. Beyond capital from its multiple USD and RMB funds, DT Capital Partners offers portfolio companies its extensive experience in Chinese capital markets and government relationships.
Focusing on the healthcare industry, Apricot Capital backs companies from their early stages through public offerings in fields such as biopharmaceuticals and medical diagnostics. Their team of over 20 professionals offers guidance rooted in direct experience across life sciences, medicine, finance, and law.
Backing B2B technology startups in China, Enlight Growth Partners provides early growth capital for companies specializing in AI, cloud, and supply chain. The team draws on deep experience in these fields to cultivate promising Chinese entrepreneurs and scale their businesses.
CM Venture Capital invests in companies creating transformational industrial technologies, specializing in "hard tech" innovations like new materials, advanced manufacturing, and environmental solutions. They provide hands-on expertise to help entrepreneurs develop and scale their businesses for a global market, driving change in industries from 5G to healthcare.
Yunqi Partners funds the digital transformation of industries by backing startups in advanced manufacturing, IoT, SaaS, and B2B supply chains. Their systematic investment strategy supports ventures from the earliest seed rounds through later growth stages to help industrialize new technologies.
Fosun International operates as a global investment holding company, backing businesses in sectors ranging from healthcare and finance to property and steel. They apply a flexible investment model that supports companies from early-stage ventures to mature enterprises through private equity and secondary market investments.
01vc makes early-stage investments in mobile internet and B2B marketplace startups across China and Southeast Asia. They support companies in sectors like SaaS, logistics, and e-commerce, and have backed the on-demand delivery platform Lalamove.
Our top picks are just the beginning of the funding story in Shanghai. The firms below have collectively backed over 1,200 startups and guided more than 130 of them to an exit.
There's a wide range of investors ready to back new ideas, from seasoned players to newer, focused funds. Here’s a look at the other venture capital firms funding what's next in Shanghai.
| VC Firm | Year Founded | Nº Investments | Nº Exits |
|---|---|---|---|
| 2008 | 310 | 25 | |
| 2016 | 42 | 1 | |
| 2010 | 67 | 5 | |
| 2017 | 36 | 8 | |
| 2006 | 37 | 1 | |
| 1999 | 114 | 23 | |
| 2015 | 25 | 2 | |
| 2017 | 52 | 17 | |
| 2011 | 85 | 10 | |
| 2014 | 97 | 3 | |
| 2013 | 12 | 5 | |
| 2017 | 21 | 1 | |
| 2019 | 25 | — | |
| 2014 | 72 | 1 | |
| 2016 | 27 | 1 | |
| 2008 | 27 | 5 | |
| 2015 | 53 | 1 | |
| 2012 | 47 | 10 | |
| 1999 | 108 | 10 | |
| 2020 | 2 | — | |
| 2017 | 46 | 2 |
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