China: venture funds and startups in China
Fusion42 tracks 21 venture funds in China with $32.3B in combined assets under management, and 9 startups that have raised $88M 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, Fusion42's AI co-founder, reasons over.
active funds in China include IMM Investment, B Capital Early-Stage Fund, Shanghai Future Industries Fund, Sky Factory and Xinglian Capital; startups in China include Coolqq Technology, Shenzhen Lumisition Robotics Co., Ltd., Bay Island Cell, GIM and Grace Investment Machine (GIM). 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 (21 tracked)
| Fund | Type | HQ |
|---|---|---|
| IMM Investment | 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 |
| CAS Star-HKU Venture Capital Fund | vc | China |
| Gobi-HKU Fund 1 | vc | Hong Kong |
Startups in China (9 tracked)
| Startup | Stage | HQ | Raised |
|---|---|---|---|
| Coolqq Technology | seed | China | — |
| Shenzhen Lumisition Robotics Co., Ltd. | seed | China | $8M |
| Bay Island Cell | series-a | China | $20M |
| GIM | series-a | China | $20M |
| Grace Investment Machine (GIM) | series-a | China | $20M |
| Shanghai Quantum Sensing Intelligence Technology Co. | seed | China | — |
| Light Elephant Technology | seed | China | — |
| Kiip Corporation | seed | South Korea | $1M |
| Waypoint Bio | series-a | United States | $20M |