Top 54 Minhang Startups to Watch in 2026
Minhang, a district of Shanghai, is home to a strong group of deep tech and advanced manufacturing companies. AI chip developer Biren Technology has attracted significant investment, securing over $785 million in funding.
The local startup ecosystem also features many firms in biotechnology and industrial automation.
Below is our list of 54 Minhang startups worth keeping an eye on.
Failory's Top 10 Picks
Biren Technology develops intelligent processors and general-purpose GPUs for AI computation. Their hardware is based on proprietary GPU and DSA architectures, designed for high-performance computing.
| Year Founded | 2019 |
| Founders | Jiao Guofang, Zhang Wen |
| Funding Amount | $785.2M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | Qiming Venture Partners, Hillhouse Investment, Walden International, BAI capital, IDG Capital |
YolTech Therapeutics is building a platform that combines gene editing with a proprietary lipid nanoparticle (LNP) delivery system. This technology is engineered to create a new class of genetic medicines for difficult-to-treat diseases.
| Year Founded | 2021 |
| Founders | — |
| Funding Amount | CN¥500M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series B |
| Top Investors | Core Energy Ventures, K2VC, Decheng Capital, Green Pine Capital Partners, UnityVC |
Volant Aerotech develops and manufactures electric vertical take-off and landing (eVTOL) aircraft for passenger transport. Their team handles the entire lifecycle of these aircraft, from initial research and development all the way to manufacturing and service.
| Year Founded | 2021 |
| Founders | — |
| Funding Amount | CN¥500M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Legend Capital, CDH Investments, Vision Plus Capital, China Internet Investment Fund, Shunwei Capital |
Mufan Power delivers specialized engineering and consulting for industrial turbomachinery like gas and steam turbines. Their services help power generation clients optimize equipment for greater efficiency and reliability throughout its lifecycle.
| Year Founded | 2015 |
| Founders | — |
| Funding Amount | CN¥313.9M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Qiming Venture Partners, Fortune Venture Capital, Shunwei Capital, Hillhouse Ventures, Oriental Fortune Capital |
Belief BioMed develops and manufactures gene therapies for a range of clinical applications. Their work centers on creating new adeno-associated virus (AAV) vectors to deliver these treatments effectively.
| Year Founded | 2018 |
| Founders | Xiao Xiao |
| Funding Amount | $204M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Qiming Venture Partners, Northern Light Venture Capital, Sherpa Healthcare Partners |
Moyang Biotechnology develops nano to micro biomedical materials and implantable products for the healthcare industry. They specialize in creating these advanced materials for a variety of medical applications.
| Year Founded | 2018 |
| Founders | — |
| Funding Amount | CN¥100M |
| Startup Size | — |
| Last Funding Status | Series C |
| Top Investors | Huagai Capital, Lanchi Ventures, BioTrack Capital, Hengxu Capital, Jinding Capital |
Haohai Xingkong Robotics develops embodied intelligent robots to serve the industrial and manufacturing sectors. These machines are designed to handle complex service tasks by integrating advanced AI with robotics.
| Year Founded | 2025 |
| Founders | — |
| Funding Amount | CN¥40M |
| Startup Size | — |
| Last Funding Status | Series A |
| Top Investors | Zhejiang Xiantong Rubber & Plastic |
XellSmart develops novel stem cell therapies for a range of degenerative diseases. Their work specifically targets conditions that currently lack any clinical treatment options.
| Year Founded | 2021 |
| Founders | Xiang Li |
| Funding Amount | CN¥177M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | HSG, Qiming Venture Partners, Eli Lilly, BioVenture, Lilly Asia Ventures |
TOPNC develops and manufactures high-end CNC machine tools for industrial applications. Their systems are built with a focus on precision transmission and advanced process technologies for demanding sectors like aerospace.
| Year Founded | 2007 |
| Founders | — |
| Funding Amount | CN¥500M |
| Startup Size | — |
| Last Funding Status | Series D |
| Top Investors | Legend Capital, Brill Capital, Huizhong Tide |
Semitech creates intelligent manufacturing systems designed for high-tech industries. Their integrated software platforms provide automation, scheduling, and yield management solutions to semiconductor manufacturers.
| Year Founded | 2017 |
| Founders | — |
| Funding Amount | CN¥1.2B |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Hillhouse Investment, Shenzhen Capital Group, Matrix Partners China, China Internet Investment Fund, BYD Company |
44 Additional Minhang Startups Worth Following
The top 10 are just a small slice of the activity across Minhang right now. New companies are popping up in a wide range of fields, from AI and robotics to healthcare and food, raising hundreds of millions in funding.
Some are just getting started on their journey, while others are already scaling up fast. Here’s a look at the other startups that are helping to define the region's future.
| Startup | Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
 Tianhu Technology | AI | 2021 | $25.2M | Series A |
 Titanium Robotics Technology | Hardware | 2020 | CN¥200M | Corporate Round |
 Leju Technology | Logistics | 2018 | CN¥200M | Series B |
 Makuku | Retail | 2020 | $30M | Seed |
 Tushen Zhihe | AI | 2023 | $1.5M | Seed |
 Mabang ERP | Enterprise | 2010 | $77.2M | Series B |
 Guoquan Shihui | Food | 2017 | $551.8M | Venture Round |
 Shijia Technology | Mobility | 2021 | CN¥100M | Series A |
 Yixi Technology | Manufacturing | 2022 | CN¥200M | Venture Round |
 Dearer Medical | Fashion | 2017 | CN¥720M | Venture Round |
 Kai Medtech | Healthcare | 2019 | CN¥200M | Series C |
 Yikon Genomics | Biotech | 2012 | $69.7M | Series D |
 JoyMed Technology | Healthcare | 2014 | CN¥138M | Series B |
 Shuhai Supply Chain Logistics | Food | 2011 | CN¥800M | Series B |
 Lianku | Cloud | 2022 | $29.2M | Series A |
 X-Imaging | Media | 2009 | CN¥150M | Series B |
 DeepSight | AI | 2017 | $11.5M | Series A |
 Mistine | Fashion | 1988 | CN¥200M | Series A |
 Matrixtime Robotics | Media | 2018 | $33.7M | Series A |
 Hutouju | Food | 2020 | $50M | Venture Round |
 Matwings Technology | Food | 2021 | CN¥100M | Series A |
 Pinnacles Medical | AI | 2020 | CN¥300M | Series A |
 Guoyutang Pharmaceutical Technology | Biotech | 2025 | CN¥10M | Angel |
 Chengdu Tuomei Shuangdu | Media | 2018 | CN¥500M | Venture Round |
 Cyclone | Automation | 2015 | $50M | Series B |
 Xiding Intelligent | AI | 2020 | CN¥100M | Series A |
 Qingflow | SaaS | 2015 | CN¥75M | Series B |
 BD Gene Therapeutics | Biotech | 2018 | CN¥210M | Series B |
 PET MARVEL | Hardware | 2019 | CN¥120M | Series A |
 Deli Automobile | Mobility | 2017 | CN¥700M | Series B |
 Boyin Hearing | Healthcare | 2019 | CN¥200M | Series B |
 Yishi Technology | Media | 2017 | CN¥100M | Series A |
 Botai Automation | Manufacturing | 2023 | CN¥130M | Seed |
 Xinxiwang | Enterprise | 2023 | $10M | Venture Round |
 Bangyao Biological | Biotech | 2013 | CN¥200M | Series B |
 Xinhengrui Medical | Healthcare | 2021 | CN¥100M | Series A |
 Rongshujia | Healthcare | 2016 | CN¥160M | Series B |
 Umai Technology | Marketing | 2015 | $20M | Series A |
 Rigen Biotech | Biotech | 2017 | CN¥100M | Series B |
 Gmex.io | Crypto | 2013 | $27.6M | Venture Round |
 JAKA | Automation | 2014 | CN¥175M | Series C |
 Lito Medical | Healthcare | 2016 | $60M | Series A |
 Tejin Intelligence | Robotics | 2003 | CN¥100M | Series B |
 Manhuadao | Media | 2006 | CN¥73M | Series D |
