China: venture funds and startups
Geography hub · Asia-Pacific
◆ Funds tracked
27
◆ Combined AUM
$56.8B
◆ Startups tracked
18
◆ Raised between them
$302.3M
◆ Overview
Fusion42 tracks 27 venture funds in China with $56.8B in combined assets under management, and 18 startups that have raised $302.3M between them. The data below is live from the same database that powers Raise and Scout, and is continuously enriched as new rounds and funds are announced.
Part of the Raise fund database and the Scout startup database by Fusion42 — the same live data Arthur reasons over.
◆ Highlights
Active funds in China include SK hynix Ventures, Xiamen Shidai Yiyuan Venture Capital Fund, Shenzhen Major Investment No.1 Major Industrial Ecosystem Development Private Equity Investment Fund Partnership, offshore RMB venture fund and Liberty City Ventures; startups in China include Xisiid Intelligence, Lumistar, Apex Intelligence, Sand.ai and Gongwang Sensing. Each name links through to a full machine-readable profile — its backers, rounds and related Wire analysis — and the tables below list every entity Fusion42 tracks in China, refreshed as new rounds and funds are announced.
◆ Funds in China (27 tracked)
| Fund | Type | HQ |
|---|---|---|
| SK hynix Ventures | corporate vc | South Korea |
| Xiamen Shidai Yiyuan Venture Capital Fund | corporate vc | China |
| Shenzhen Major Investment No.1 Major Industrial Ecosystem Development Private Equity Investment Fund Partnership | vc | China |
| offshore RMB venture fund | vc | Hong Kong |
| Liberty City Ventures | vc | United States |
| Glade Brook Capital Partners | vc | United States |
| Samsung Ventures | vc | South Korea |
| B Capital Early-Stage Fund | vc | United States |
| Shanghai Future Industries Fund | vc | China |
| Sky Factory | corporate vc | China |
| Xinglian Capital | vc | China |
| China Telecom Quantum Industrial Venture Capital Fund | vc | China |
| GSR Ventures | vc | United States |
| Dassault Systemes China Industrial AI Fund | corporate vc | France |
| Boyu Capital | other | China |
| Kompas VC Fund | vc | Denmark |
| Kaifeng Taimei | vc | China |
| Gobi-Redbird Innovation Fund | vc | Hong Kong |
| Cyberport Macro Fund | vc | Hong Kong |
| CIES IP 2025 Capital Batch | vc | Hong Kong |
| Shengjing No.1 Fund | vc | China |
| Chengtong Science and Technology Innovation Jiangsu Fund | vc | China |
| Shanghai Tongge Phase II | vc | China |
| Techxila Fund II | vc | China |
| Magic Atom | vc | China |
Show all 27 funds
| CAS Star-HKU Venture Capital Fund | vc | China |
| Gobi-HKU Fund 1 | vc | Hong Kong |
◆ Startups in China (18 tracked)
| Startup | Stage | HQ | Raised |
|---|---|---|---|
| Xisiid Intelligence | seed | China | $3.7M |
| Lumistar | seed | China | $10M |
| Apex Intelligence | seed | China | $50M |
| Sand.ai | series-a | China | $45M |
| Gongwang Sensing | series-a | China | $15M |
| Warpify Robotics | seed | China | — |
| BOOKR Kids | series-a | Hungary | $6.7M |
| Light Origins | seed | China | — |
| Modu Tech | pre-seed | China | $4.4M |
| OakCreek Tech | seed | China | — |
| ElevTalk | pre-seed | China | — |
| Easyh2power | seed | China | — |
| Coolqq Technology | seed | China | — |
| Shenzhen Lumisition Robotics Co., Ltd. | seed | China | $7.5M |
| GIM | series-a | China | $20M |
| Light Elephant Technology | seed | China | — |
| Waypoint Bio | series-a | United States | $20M |
| INFIFORCE | series-a | China | $120M |
◆ Recent Wire analysis
- NeodraDynamics' Neo1 debuts in China: a 13-foot humanoid robot for hazardous jobs17 Oct 2026
- As tariff threats ease, US in fashion again among Chinese exporters17 Oct 2026
- EU to propose import curbs on other Chinese sectors, says EU chief17 Oct 2026
- Draft revision aims to better streamline China tech exports17 Oct 2026
- China Plans to Tighten Export Controls on AI Technologies17 Oct 2026
- Draft revision aims to better streamline tech exports17 Oct 2026
- China Orders AI Export Registration, Spares Chatbot Access17 Oct 2026
- China Previews New Advanced Tech Export Controls for AI, Biotech, Solar17 Oct 2026
- EU seeks faster China de-risking with new diversification tool17 Oct 2026
- China To Require An Export License For All New Large AI Models, Potentially Affecting ...17 Oct 2026