Top VCs for Chinese startups
Updated 23 Oct 2026
4,710
Startups in China with investors recorded
574
VCs backing 3 or more
44 / 50
Of the top list based in China
Venture capital firms
| # | Investor | Based in | Startups | Since 2024 | Best-funded companies |
|---|---|---|---|---|---|
| 1 | IDG Capital | Beijing, China | 212 | 33 | Didi Woya, XPENG Robotics, Hejian |
| 2 | Matrix Partners China | Beijing, China | 171 | 25 | VIPKID, SemiDrive, KK Group |
| 3 | Shenzhen Capital Group | Nanshan, China | 162 | 48 | Baichuan Intelligence, KK Group, Hejian |
| 4 | ZhenFund | Beijing, China | 123 | 11 | Chaitin Tech, Moffett AI, SpacemiT |
| 5 | Qiming Venture Partners | Shanghai, China | 122 | 40 | Infinigence, Shengshu Technology, Unisound |
| 6 | Shunwei Capital | Beijing, China | 106 | 23 | DXY, Volant Aerotech, Startorus Fusion |
| 7 | Legend Capital | Beijing, China | 95 | 24 | DXY, Infinigence, Volant Aerotech |
| 8 | Oriental Fortune Capital | Shenzhen, China | 91 | 20 | EVAS Intelligence, Micronano Core, Bibost Automotive Electronics |
| 9 | Sinovation Ventures | Beijing, China | 90 | 11 | Li Krypton Technology, Wandoujia, Hope Medicine |
| 10 | GGV Capital | Menlo Park, United States | 86 | 6 | Geek+, Black Lake Technologies, Zuiyou |
| 11 | Lenovo Capital and Incubator Group (LCIG) | Beijing, China | 85 | 39 | Lanxin Computing, Micronano Core, Qcraft |
| 12 | Source Code Capital | Chaoyang, China | 85 | 20 | Evoken, METiS Pharmaceuticals, FAIRINO |
| 13 | Fortune Venture Capital | Shenzhen, China | 76 | 23 | AIsphere, Bang Er Orthopedic, WorldCom Hengqi |
| 14 | Gaorong Capital | Wangjing, China | 71 | 18 | Geek+, Evoken, Xbiome |
| 15 | K2VC | Beijing, China | 65 | 10 | Smart Fabric, Startorus Fusion, YolTech Therapeutics |
| 16 | Northern Light Venture Capital | Beijing, China | 65 | 8 | Huaqin Communication Technology, Qihan Biotech, Nutshell Therapeutics |
| 17 | SIG China (SIG Asia Investments) | Huangpu, China | 65 | 3 | Nowwa Coffee, 56.com, eCloudTech |
| 18 | GSR Ventures | Menlo Park, United States | 61 | 7 | Evoken, Black Lake Technologies, Infimind |
| 19 | Addor Capital | Nanjing, China | 58 | 28 | Micronano Core, Svision, TETRA Electronic |
| 20 | Plum Ventures | Changzhou, China | 54 | 10 | Yunyao Aerospace Technology, Multiway Robotics, Chasing Innovation |
| 21 | Green Pine Capital Partners | Shenzhen, China | 53 | 9 | MindRank AI, Deptrum, RealAI |
| 22 | Innoangel Fund | Beijing, China | 51 | 14 | Bibost Automotive Electronics, Ensonic, CytoNiche |
| 23 | China Growth Capital | Beijing, China | 50 | 7 | Targeting One, Gongda Laser, PVmed |
| 24 | Meridian Capital Asia | Singapore, Singapore | 49 | 6 | Bibost Automotive Electronics, Zhongke Guosheng, Raysolve |
| 25 | CICC | Beijing, China | 48 | 23 | Lufax, Tianbing Technology, Unisound |
| 26 | DCM Ventures | Menlo Park, United States | 48 | 0 | DXY, Wandoujia, 51Talk |
| 27 | Yinxinggu Capital | Hangzhou, China | 46 | 13 | Aerospace Yuxing, Healsun Biopharm, Laifu Technology |
| 28 | UnityVC | Beijing, China | 45 | 15 | X Square Robot, Antwork, Li Krypton Technology |
| 29 | Luminous Ventures (former Lightspeed China Partners) | Shanghai, China | 45 | 12 | Mino Space, METiS Pharmaceuticals, Black Lake Technologies |
| 30 | Puhua Capital | Hangzhou, China | 43 | 16 | Zuiyou, Laser Link, LaiHua |
| 31 | Frees Fund | Beijing, China | 43 | 11 | METiS Pharmaceuticals, Calterah, Changmugu Medical |
| 32 | 5Y Capital | Xuhui, China | 43 | 5 | Medbanks, Shukun Technology, Zhongke Guosheng |
| 33 | Yonghua Capital | Shanghai, China | 42 | 7 | DaDa, Mino Space, KHAT |
| 34 | Vertex Ventures China | Beijing, China | 41 | 9 | Edge Medical Robotics, Ensonic, Pinnacles Medical |
| 35 | Oriza Holdings | Suzhou, China | 40 | 14 | Listenai, EAVISION, TuringQ |
| 36 | GSR United Capital | Beijing, China | 40 | 10 | Tage Zhixing, Tianhu Technology, FlightWin |
| 37 | Sequoia Capital | Menlo Park, United States | 39 | 1 | Mech-Mind Robotics, Infervision, Omni Prime |
| 38 | Baidu Ventures | Beijing, China | 38 | 13 | Shengshu Technology, Open Source China, Degron Therapeutics |
| 39 | Everest Venture Capital | Beijing, China | 38 | 11 | Huixi Intelligent, Linkcharging Technology, BoPixel |
| 40 | China Merchants Venture Capital | Shenzhen, China | 37 | 9 | LEADRIVE, Ruiyun Cold Chain, Calterah |
| 41 | QF Capital | Shenzhen, China | 36 | 15 | X Square Robot, Zero Gravity Aircraft Industry, Qianhai Yueshi Information Technology |
| 42 | SDIC Venture Capital | Xicheng, China | 35 | 18 | Weikaier Pharmaceutical Technology, Surgerii Technology, AOSSCI |
| 43 | Qingsong Fund | Shenzhen, China | 35 | 8 | Pinpianyi, Ninetech, Jiaan Smart |
| 44 | Kaitai Capital | Hangzhou, China | 33 | 6 | Bivision, Ceram Pharmaceuticals, Xihu Xinchen |
| 45 | Eight Roads Ventures | London, United Kingdom | 31 | 8 | Medbanks, Bang Er Orthopedic, Ruiyun Cold Chain |
| 46 | SZHTI Group | Shenzhen, China | 30 | 17 | SpinQ Technology, Qianhai Yueshi Information Technology, Nair Electronics |
| 47 | BAI capital | Beijing, China | 30 | 2 | Black Lake Technologies, RoboticPlus.AI, Tantan |
| 48 | Fosun RZ Capital | Beijing, China | 29 | 5 | Menhai Microelectronics, Orbbec, Deeproute |
| 49 | Tengxun Touzi | Shenzhen, China | 29 | 1 | SINOITS, tiaooo.com, Siwei Zongheng |
| 50 | Chengwei Capital | Shanghai, China | 28 | 6 | Full-Life Technologies, Huizhi International Tourism, Jushu Biotech |
Venture capital firms by startups in China in their portfolio. Source: FundingWatcher. Data as of 23 October 2026. Base: 4,710 startups.
Accelerators, incubators and public funders
| # | Investor | Type | Based in | Startups | Since 2024 |
|---|---|---|---|---|---|
| 1 | CAS Star | Startup incubator, Venture capital firm | Xian, China | 56 | 31 |
| 2 | TusStar | Startup accelerator, Entrepreneurship program, Startup incubator, Venture capital firm | Beijing, China | 30 | 14 |
| 3 | MiraclePlus | Startup accelerator, Angel group, Venture capital firm | Haidian, China | 27 | 17 |
| 4 | PreAngel | Angel group, Startup incubator, Venture capital firm | Sunnyvale, United States | 27 | 4 |
| 5 | Microsoft Accelerator | Startup accelerator | Beijing, China | 20 | 2 |
| 6 | Morningside | Family office, Startup incubator, Private equity firm, Venture capital firm | Newton Center, United States | 17 | 0 |
| 7 | Plug and Play China | Startup accelerator | Zhengzhou, China | 10 | 0 |
| 8 | Leaguer Venture Capital | Angel group, Startup incubator, Venture capital firm | Shenzhen, China | 9 | 6 |
| 9 | Plug and Play | Startup accelerator, Co-working space, University program, Venture capital firm | Sunnyvale, United States | 9 | 4 |
| 10 | Shenzhen Investment Holdings | Government investment office, Venture capital firm | Futian, China | 8 | 4 |
| 11 | VenturesLab | Startup incubator, Venture capital firm | Beijing, China | 8 | 3 |
| 12 | Hong Kong X-Tech | Angel group, Startup incubator | Kwun Tong, Hong Kong | 7 | 6 |
| 13 | Hangzhou Financial Investment | Government investment office, Venture capital firm | Hangzhou, China | 6 | 1 |
| 14 | Blue Elephant Capital | Startup accelerator, Venture capital firm | Beijing, China | 6 | 0 |
| 15 | Microsoft Accelerator | Startup accelerator | Redmond, United States | 6 | 0 |
| 16 | Y Combinator | Startup accelerator | Mountain View, United States | 6 | 0 |
| 17 | Anker Innovations | Co-working space, Corporate venture arm, Fund of funds, Government investment office, Startup incubator, Investment bank, Secondary purchaser, Venture capital firm | Changsha, China | 5 | 1 |
| 18 | Lighthouse Capital Partners | Startup incubator | Menlo Park, United States | 5 | 1 |
| 19 | Shanghai Alliance Investment | Government investment office | Shanghai, China | 5 | 1 |
| 20 | China Integrated Circuit Industry Investment Fund (CICF) | Government investment office, Private equity firm, Venture capital firm | Beijing, China | 4 | 3 |
Accelerators, incubators and government investors by startups in China. Source: FundingWatcher. Data as of 23 October 2026. Base: 4,710 startups.
Method
A startup counts for an investor when the investor is among the investors recorded for the company across all its rounds. The startups are companies headquartered in China whose most recent round is pre-seed, seed, angel or Series A through J. "Since 2024" counts the companies whose most recent round is dated 1 January 2024 or later. Venture capital firms are investors typed as venture capital or micro VC and not also as accelerator, incubator or government office. An investor needs 3 companies to be ranked. Ties go to the higher count since 2024. Best-funded companies are the three with the most total funding.
Other countries
United States3,096
United Kingdom438
Germany303
India263
Canada227
France219
Israel168
Singapore166
South Korea137
Japan130
Brazil111
Australia102
Spain84
The Netherlands78
Switzerland66
Mexico54
Indonesia47
Poland45
Sweden44
United Arab Emirates40
Turkey40
Italy36
Finland36
Denmark31
Saudi Arabia28
Belgium26
Cite: FundingWatcher, top vcs for chinese startups, 23 October 2026. https://fundingwatcher.com/investors/top/china-500a/