Fundraising Fox
IDG Capital
Venture capitalHong Kong · Pre-Seed–Late Stage · 8 people tracked
Also known as IDG CAPITAL FUND MANAGEMENT LTD. · IDG CAPITAL MEGA FUND MANAGEMENT LTD. · IDG VC MANAGEMENT LTD.
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Investment thesis
IDG Capital positions itself as a long-term, multi-strategy investment platform partnering with entrepreneurs across every stage of the business lifecycle. Originally the venture arm of IDG and one of the first institutions to conduct private equity investing in China, it has expanded across venture capital, private equity, M&A, and secondary market investments. The firm emphasizes decade-long partnerships (average investment of 10 years), a globally dispersed multilingual team, and deep local roots combined with a global perspective. It aims to become a 100-year firm, empowering founders worldwide to build enduring companies.
Source: firm website, verified Oct 13, 2026.
Team · 8 people
from curated & public directories
Justin Niu is a partner at IDG Capital investing across big data, cloud computing and artificial intelligence, with a portfolio that includes enterprise-software company DEEPEXI.
Meng Lian is a Guangzhou-based partner at IDG Capital best known for leading the firm's early investment in fast-fashion giant Shein. Before venture capital he worked at Chinese education company New Oriental; he holds an MBA from HKUST and a law degree from Jinan University.
Quan Zhou is a founding general partner of IDG Capital, which pioneered venture investing in China in the 1990s and backed early winners including Baidu and Tencent.
Xiaojun Li is a partner at IDG Capital whose investments span Xiaomi and panoramic-camera maker Insta360, part of a hardware and frontier-technology portfolio built across more than a decade of Midas List appearances.
Young Guo is a partner at IDG Capital who made an early investment in cryptocurrency exchange Coinbase and focuses on fintech and frontier technology across the United States and China.
Founder mafia
2 people who came through IDG Capital went on to found or lead other companies.
What they invest in
from 64 of 85 portfolio companiesAI & Machine Learning ×25Consumer ×14SaaS ×11E-commerce ×10Biotech ×9Deep Tech ×9Enterprise Software ×9Fintech ×9
HQs:China×24United States×17Denmark×2United Kingdom×2Canada×1Finland×1
Investments · 85 tracked
founders shown can be your intro pathBy year:2026 · 72025 · 12024 · 22023 · 12022 · 42021 · 52020 · 12019 · 62018 · 32015 · 22014 · 234 dated
China's leading search engine and AI technology company
Beijing, CN
Robin Li(Founder)
Co-investorsBeyond VenturesDraper AssociatesHyT Capital
Block, formerly Square, runs the Square seller platform, Cash App, Afterpay and TIDAL, plus the TBD and Bitkey bitcoin businesses.
FintechRetail TechSaaSSan Francisco, US
Jack Dorsey(Founder)inJim McKelvey(Founder)inBrian Grassadonia(Executive Officer)inSivan Whiteley(Executive Officer)inAmrita Ahuja(Chief Operating Officer and Chief Financial Officer)inMasashi Miyamoto(Founder)
Co-investorsA*Acequia Capital (AceCap)Bling CapitalCota CapitalFirst Round Capitalfirstminute capital+27 more
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Circle provides a full-stack platform for digital finance, combining blockchain infrastructure, stablecoins (USDC, EURC), and payment networks to enable borderless value exchange and financial access globally.
AI & Machine LearningCrypto & Web3FintechNew York City, US
Jeremy Allaire(Founder)inPatrick Sean Neville(Director)Sid Yadav(Founder)inSean Neville(Founder)inP. Sean Neville(Director)Heath Tarbert(Executive Officer)in
Co-investors10T FundAccelalphabet angelsAlumni VenturesaVentureAxevil Capital+34 more
Coinbase is a cryptocurrency exchange platform that offers trading, custody, and financial services for cryptocurrencies, stocks, derivatives, and prediction markets to consumers, institutions, and developers.
Crypto & Web3FintechSan Francisco, US
Brian Armstrong(CEO)inFred Ehrsam(Board Of Directors)inEmilie Choi(President & COO)inAlesia Haas(Chief Financial Officer)inPaul Grewal(Chief Legal Officer & Secretary)inLawrence (L.J.) Brock(Chief People Officer)
Co-investors1confirmationA.Capital Venturesa16z cryptoAcrew CapitalAdventure FundAndreessen Horowitz+99 more
Opera is a web browser that includes Tab Islands, a feature enabling users to automatically organize open tabs into separate groups for different projects or tasks.
ConsumerCybersecurityDeveloper ToolsGamingOslo, NO
Jon Stephenson von Tetzchner(Founder)Geir Ivarsøy(Founder)
Co-investorsVerda VenturesVerizon VenturesAwz Ventures
Gaxos.ai is a company focused on artificial intelligence, with applications in the gaming sector.
AI & Machine LearningGamingRoseland, US
Vadim Mats(Executive Officer, Director)
Co-investorsAnimoca BrandsDistributed GlobalFantom FoundationKuCoin LabsSoftBank GroupTezos Foundation+2 more
Pony.ai develops autonomous driving technology and systems for multiple applications including robotaxis, robotrucks, and personally owned vehicles, serving both everyday mobility and commercial logistics markets.
AI & Machine LearningMobility & TransportationRoboticsSilicon Valley, US
James Peng(Founder)inTiancheng Lou(Founder)inJames Peng Tiancheng Lou(Founder)
Co-investors5Y CapitalComcast VenturesComet LabsDCM VenturesF-Prime CapitalHongShan Capital Group+3 more
Aeonsemi is a fabless semiconductor company that designs timing and networking silicon for AI infrastructure, including Ethernet transceivers, automotive Ethernet chipsets, and silicon oscillators and timing devices.
Deep TechHardwareSemiconductorsSanta Clara, US
Colin Weltin-Wu(Founder)inYunteng Huang(Executive Officer, Director)David Wang(Director)Xi Chen(Director)
Co-investorsSequoia CapitalSusquehanna International GroupWalden International
Dangdang is a Chinese online retailer offering books, audiobooks, e-books, and a range of consumer products including 3C electronics.
ConsumerE-commerceMedia & EntertainmentRetail TechBeijing, CN
Li GuoqingAngelina Lee
Co-investorsDCM VenturesWalden International
Fxiaoke is a CRM platform and cloud service provider that builds Agentic CRM systems for mid-to-large enterprises in China.
AI & Machine LearningEnterprise SoftwareSaaSSales TechBeijing, CN
罗旭(Founder and CEO)Luo Xu(Founder)
Co-investorsQiming Venture PartnersDCMHillhouse CapitalDCM Ventures
Galaxea AI provides a platform for developing embodied AI systems, offering data collection, quality assurance, model post-training, and deployment tools for robotics developers.
AI & Machine LearningDeep TechDeveloper ToolsHardwareRoboticsBeijing, CN
Co-investorsBaidu VenturesHillhouse CapitalCathay InnovationXiang He Capital
KuCoin is a global cryptocurrency trading platform trusted by over 45 million users that provides spot trading, leverage, options, derivatives, DeFi, lending, and mining services across more than 200 countries.
Crypto & Web3Fintech
Johnny LYU(Founder)in
Co-investorsCircle VenturesMatrixMoonhill CapitalTokoin
Mech-Mind develops AI-based machine vision hardware and software—including 3D cameras, vision software, and robot programming tools—for industrial robotics applications.
Advanced ManufacturingAI & Machine LearningHardwareRoboticsBeijing, CN
Tianlan Shao(Founder)in
Co-investorsSource Code CapitalIntel CapitalQiming Venture PartnersHongShan Capital Group
Weimai is a digital health platform providing comprehensive, full-cycle healthcare services to populations across China through AI-powered disease management technology.
AI & Machine LearningDigital HealthHealthtechSaaSBeijing, CN
Co-investorsSource Code CapitalBaidu CapitalCenova Capital
Shanghai Zhenge Biotech is an independent CDMO company providing contract development and manufacturing services for biopharmaceutical clients during clinical development and commercialization phases.
BiotechDeep TechHealthtechShanghai, CN
Chen Jianxin(Chief Executive Officer)
Co-investorsQiming Venture PartnersCMB International
Zhichi provides an integrated AI-powered customer contact center platform combining chatbots, voice agents, call center systems, and human customer service across multiple channels including WhatsApp for global enterprises.
AI & Machine LearningEnterprise SoftwareSaaSBeijing, CN
Co-investorsHillhouse CapitalYunqi Partners
Accutar Biotech applies artificial intelligence to drug discovery, using a hybrid approach of computational drug design followed by wet lab validation to reduce the time and cost of developing new drugs.
AI & Machine LearningBiotechDeep TechNew York, US
Jie Fan(Founder)inWei He(Executive Officer)Yimin Qian(Executive Officer)Xiangyan Sun(Executive Officer)Quan Zhou(Director)Long Zhu(Director)
Co-investors5Y CapitalCoatue ManagementYF CapitalZhenFund
Acne Studios is a fashion house offering ready-to-wear clothing, denim, footwear, bags, and accessories for women and men, sold online and through its own stores.
ConsumerE-commerceRetail Tech
Aeon Industrial designs and builds weapon systems and targeting software for military operators, combining warfighter experience with engineering.
AI & Machine LearningDeep TechDefense TechHardware
Naweed Tahmas(Chief Executive Officer)inBill Parodi(Chief Engineer)inDean Love(Chief Strategy Officer)inWes Shover(Chief Growth Officer)in
Co-investorsAntiMaC Venture CapitalNKECHI IREGBULEMSilent CapitalVintheraWhat If Ventures+4 more
EMBL's European Bioinformatics Institute (EMBL-EBI) manages open biological data resources and provides tools for browsing data, performing analyses, and sharing research results.
BiotechData & InfrastructureDeep Tech
Co-investorsKfundCompoundFly VenturesHongShan Capital GroupRadical Ventures
Brain Co. builds agent-native operating systems for public- and private-sector institutions, adapting them to existing data and workflows in areas such as government permitting and procurement, insurance underwriting and claims, healthcare prior authorization, and financial reporting and compliance.
AI & Machine LearningEnterprise SoftwareGovTechSan Francisco, US
Mircea Pașoi(Co-founder)inRevant Kapoor(Founder)inDan Ashton(Founder)inJared Kushner(Founder)Elad Gil(Founder)inEric Wu(Co-founder)in
Co-investorsElad GilHomebrewScribble Ventures
ByteDance builds a portfolio of digital platforms and services focused on short-form video, content creation, e-commerce, and workplace collaboration, serving creators and consumers globally.
Creator EconomyE-commerceMedia & EntertainmentBeijing, CN
Yiming Zhang(Founder)inRubo Liang(Founder)inZhang Yiming(Founder)Liang Rubo(Founder)
Co-investors1435 Capital3Comma Capital5Y CapitalAccess Ventures (New York)Aglae VenturesAlanda Capital Holding Limited+35 more
SugarAI (formerly SugarCRM) provides an AI-driven sales CRM platform for B2B companies, supporting sales, marketing, and customer service teams.
AI & Machine LearningEnterprise SoftwareSaaSSales Tech
David Roberts(Chief Executive Officer)Becca Toth(Chief Marketing Officer)Avner Alkhas(Chief Financial Officer)Bob Hackney(Chief Technology Officer)Lyndsey Valin(Chief Customer Officer)Shana Sweeney(Chief Human Resources Officer)
Co-investorsAccel-KKRDreamers VCEntrée CapitalMillennium Technology Value PartnersOpen Field CapitalSocial Starts+2 more
Course Hero provides AI-powered study assistance and educational resources for students, offering document analysis, tutoring services, and access to course materials from schools.
AI & Machine LearningEdTechRedwood City, US
Andrew Grauer(Founder; CEO of Learneo)inGregor Carrigan(Founder)inDavid Grauer(Co-Founder)inJared Grauer(Co-Founder)inJohn Peacockin
BoardMark Feldman(Director)
Co-investors137 VenturesGSV VenturesInterplay Ventures Early Stage Management LlcMaveronNo Talking CapitalPlug and Play Ventures+8 more
Delonix Group operates multiple hotel and experiential consumption brands across Asia-Pacific, leveraging AI and digital technology to drive member growth and innovation in hospitality.
ConsumerShenzhen, CN
郑南雁
Co-investorsINCE CapitalBoehringer Ingelheim Venture FundZhenFund
EdiGene is a biotechnology company developing genome-editing-based therapies, including allogeneic cell therapies and in vivo RNA base editing platforms, alongside a high-throughput genome editing screening platform.
BiotechDeep TechHealthtech
Co-investorsLAVLilly Asia VenturesWI Harper Group3H Health InvestmentAlwin CapitalBioTrack Capital+2 more
Eswin manufactures 12-inch electronic-grade silicon wafers and epitaxial wafers for semiconductors used in storage chips, logic chips, image sensors, display driver chips, and power devices in communications and electric vehicle applications.
Advanced ManufacturingAI & Machine LearningHardwareIoTNew MaterialsSemiconductorsBeijing, CN
Wang Dongsheng(Chairman)
Co-investorsAddor CapitalSource Code CapitalChina Internet Investment FundLegend CapitalShang Qi Capital
Farfetch is an online marketplace for luxury fashion, connecting customers with designer boutiques and independent retailers worldwide.
ConsumerE-commerceMarketplacesRetail TechLondon, GB
José Neves(Founder)in
Co-investorsAdvance Venture PartnersFELIX CAPITALFernbrook Capital ManagementFJ LabsGreycroftHDS Capital+16 more
Firework offers 1:1 Video Chat, a real-time video engagement tool that lets brands and retailers connect with online shoppers for product discovery, consultation, and support directly on their websites.
AI & Machine LearningE-commerceMarketing TechRetail TechSaaSSan Mateo, US
Vincent Yang(Co-founder)inJerry Luk(Co-founder)in
Co-investorseGateway CapitalInformed Ventures Advisors, LlcSand Hill AngelsSilicon VenturesSoftBank Vision FundAmerican Express Ventures (Amex)+5 more
Alex Gu(Founder)Zen Koh(Founder)
Co-investorsSoftBank Vision FundGeneral CatalystInnospark VenturesTau VenturesThe Engine Ventures
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GAIB is an AI infrastructure capital partner that originates, underwrites, and manages financing for compute assets such as GPUs, data centers, and robotics.
AI & Machine LearningCrypto & Web3Fintech
Kony Kwong(Founder)inAlex Yeh(Founder)Jun Liu(Founder)
Co-investorsAegis VentuesFactionHack VCHashedL2 Iterative Ventures (L2IV)280 Capital+8 more
Beijing-based beverage maker, formerly Genki Forest, selling sugar-free sparkling water and flavored teas in China and abroad.
Binsen Tang(Founder)Tang Binsen(Founder)
Co-investorsK3 VenturesK3V VenturesWarburg PincusCoatue ManagementGaorong VenturesGenesis Capital+5 more
Haoyiku is a private-domain e-commerce brand flash-sale platform in China that provides brand supply-chain and discounted-sales services to private-domain traffic operators such as resellers and shop owners.
B2B MarketplacesE-commerceRetail TechHangzhou, CN
Co-investorsQiming Venture PartnersK2VCSky9 CapitalTencent HoldingsVision Plus Capital
HeyGen is an AI video generation and dubbing platform that allows users to create and localize videos by writing scripts and selecting AI-generated voices, eliminating the need for cameras, actors, and traditional production resources.
AI & Machine LearningMarketing TechMedia & EntertainmentSaaSLos Angeles, US
Joshua Xu(Founder)inWayne Liang(Founder)Joshua Xu Wayne Liang(Founder)
BoardSarah Guo(Board member; founder of Conviction)in
Co-investorsConvictionBenchmarkThrive CapitalavraBond Capital ManagementDylan Field+4 more
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HiFiBiO Therapeutics develops immunotherapies for patients with high unmet medical needs, using its Drug Intelligence Science (DIS) platform that combines single cell technology with AI/ML analytics.
AI & Machine LearningBiotechHealthtech
Liang Schweizer(Founder)in
Co-investorsB Capital GroupB4 CapitalTrinity Innovation Bioventure SingaporeLegend CapitalLYFE CapitalNest.Bio Ventures+1 more
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Huohua is an online education company that provides logic and critical thinking courses for children, operating in the EdTech sector with recognition across Chinese media as a unicorn candidate and innovation leader in online education.
EdTech
Co-investorsHike CapitalGGV CapitalGSR VenturesLuminous VenturesNorthern Light Venture Capital
A manufacturer and retailer of gourmet licorice products, including chocolate-coated varieties, operating from Denmark.
ConsumerDirect to ConsumerFoodTechTaastrup, DK
Johan Bülowin
Magic DAYW Inc. is developing a mobile game.
Gaming
Co-investorsBAI capitalCrystal Stream CapitalHongShan Capital GroupHyT Capital
Manus is an AI agent platform that automates complex workflows and business processes for teams without requiring additional headcount.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaS
Red Xiao(Founder)inTao Zhang(Founder)inJi Yichao(Founder)Xiao Hong(Founder)Xiao Hong Ji Yichao(Founder)Yichao Peak Ji(Founder)
Co-investorsFactorial FundsVocal VenturesZhenFundBenchmarkBoyu CapitalHongShan Capital Group+1 more
Math Inc. develops AI systems for autoformalization, including Gauss, an agent that formalizes mathematical proofs, aimed at achieving verified superintelligence.
AI & Machine LearningDeep Tech
Jesse Han(Founder)in
Co-investorsChapter OneTorch CapitalBAI capitalHyT Capital
BIT Invest, a flagship unit of BIT Group, offers investment solutions for cryptocurrency and digital asset holders, including structured products, fixed income instruments, and lending services secured by digital collateral.
Crypto & Web3Fintech
John Ge(Founder)Jihan Wu(Founder)in
Co-investorsBlockchain CoinvestorsFenbushi CapitalHash GlobalParadigmQiming Venture PartnersStandard Crypto+10 more
Gene sequencing instruments (688114)
Co-investorsGreen Pine Capital PartnersCPECPE Capital
Minus Solutions provides food and liquid waste collection, recycling, and diversion services for commercial producers, offering customized equipment solutions and onsite waste management options.
Circular EconomyCleantechFoodTechLogistics & Supply ChainNew York, CA
Qing Yun Xie(Executive Officer, Director, Promoter)Carl Hu(Executive Officer, Director, Promoter)
BoardXiaojun Li(Director)inTim T. Gong(Director)
Co-investorsCanadian Business Growth FundKensington Capital Partners LimitedLowercarbon CapitalChiratae VenturesJITO Angel Network
Meituan operates a digital platform for services retail and goods retail, connecting consumers with local businesses and merchants.
E-commerceFoodTechMarketplaces
Xing WANG 王兴(Founder)inWang Xing(Founder)in
Co-investorsAnjostCoatue ManagementCSVE Venture PartnersGeneral AtlanticHongShan Capital GroupMSA Novo+3 more
Move Loot operates an online marketplace for buying and selling used furniture, connecting sellers and buyers while offering integrated delivery services.
ConsumerMarketplacesSan Francisco, US
Ryan Smith(CTO)inJenny Karin Morrill(Executive Officer, Director)William Bobbitt(Executive Officer, Director)Shruti Shah(COO)Bill BobbittJenny Koland(CMO)
Co-investorsFundersClubY CombinatorAlumni VenturesAmasiaAngelPadBoxGroup+18 more
Coin Sciences is a blockchain technology company that develops distributed ledger infrastructure and platforms.
Crypto & Web3Developer Tools
Dr Gideon Greenspan(CEO and Architect)Dr Michael Rozantsev(CTO and Internals)
BoardAvrom Gilbert(Strategic Advisor)
Co-investorsMosaic VenturesBinance LabsHypersphere Ventures
Neukio is a biopharmaceutical company developing iPSC-derived cell technology platforms and next-generation off-the-shelf, mass-producible immune cell products (such as NK cells) to treat solid tumors and autoimmune diseases.
BiotechDeep TechHealthtech
Liqun Wang(Founder)
Co-investorsPan-Lin CapitalAlwin CapitalLilly Asia VenturesSherpa Healthcare Partners
Next Games is a Netflix-owned game studio that develops games based on original ideas and Netflix intellectual property.
GamingMedia & EntertainmentHelsinki, FI
Teemu Mikael Huuhtanen(Executive Officer)Joakim Achren(Director)inMikael Jan Kennet Achren(Executive Officer)Kalle Johannes Hiitola(Director)Jaakko Ensio Jumisko(Executive Officer)
BoardPETER LEVIN(Director)
Co-investorsSisu Game VenturesAMC NetworksLowercase Capital
PatPat sells matching family pajama sets, including a traditional red Fair Isle Christmas print set with sizes for women, men, kids, babies, and pets.
ConsumerDirect to ConsumerE-commerceMountain View, US
Albert Wang(Co-founder)inCan (Ken) Gao(Founder)inKen Gao(Co-founder)in
Co-investorsGeneral AtlanticSoftBank Vision FundFrees FundGGV CapitalSequoia Capital
Pensees develops cultivated meat produced by growing animal cells, using its patented 3D bioprinting technology.
BiotechFoodTechHardware
Co-investorsAscendo VenturesLotte Ventures
Ping An Good Doctor (Ping An Health) operates an online healthcare and health-management service platform in China, offering medical consultation, corporate health management, and longevity services to individual and enterprise customers.
Digital HealthFintechHealthtech
Co-investorsSoftBank Vision FundGaorong Ventures
Pony operates a mobile app–based shared micromobility service offering electric scooters and bikes that users locate, unlock via QR code, and park in designated boxes across their city.
ConsumerMobility & TransportationAngers, FR
Paul-Adrien Cormerais(Founder)in
Co-investorsBlast.ClubKima VenturesLa Poste VenturesXAnge5Y CapitalAndreessen Horowitz+11 more
360 is a Chinese cybersecurity and AI technology company that provides enterprise security products, AI agents, and consumer security software, and participates in threat intelligence and attack attribution work.
AI & Machine LearningCybersecurityEnterprise Software
Qi Xiangdong(Founder)Zhou Hongyi(Founder)
Co-investorsGMO VenturePartnersHighland Capital PartnersHongShan Capital Group
RedRidge Bio discovers and develops biparatopic antibodies (antibodies that bind two sites on a single protein), including biparatopic antibody-drug conjugates, as therapeutics for oncology and autoimmune diseases.
BiotechHealthtech
Bill Sellers(Scientific Founder and Director Cancer Program, Broad Institute)Stephen Yoder(President & CEO)in
Co-investorsNew Enterprise Associates (NEA)Versant VenturesSixty Degree Capital
Rex.Fit makes a wearable camera device that uses computer vision to automatically track food intake and nutrition, alongside an API that fitness facilities integrate for nutritional analysis.
AI & Machine LearningConsumerDeveloper ToolsEnterprise SoftwareSan Francisco, US
Ahmad Roumie(Founder)inRangel Milushev(Founder)in
Co-investorsBerliner Volksbank VenturesEntrepreneur FirstRedstoneTane FundY CombinatorAmino Capital+11 more
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Technology startup in Linear Capital's portfolio
Co-investorsLinear CapitalCDIB CapitalCredit Suisse
Sanjieke is a China-based digital talent training provider that offers online learning platforms and courses to enterprises and individuals for digital transformation and workforce upskilling.
AI & Machine LearningEdTechEnterprise SoftwareSaaSBeijing, CN
后显慧 (Luke Hou)(Founder & CEO)徐财星(Founder)in
Co-investorsOwl VenturesUdemyWu Capital
Spot Biosystems is a clinical-stage biopharmaceutical company developing non-viral gene therapies using extracellular vesicles as a delivery method.
BiotechDigital HealthMedical Devices
Co-investorsSaltagen VenturesStartXAdvantech CapitalLDV Partners
Teambition is a productivity tool owned by Alibaba Group that provides daily work, learning, and life management capabilities for individuals.
Enterprise SoftwareFuture of WorkSaaSShanghai, CN
Co-investorsAlibaba GroupGobi PartnersGobi Partners ChinaNorthern Light Venture CapitalTencent Holdings
Tencent is a major technology conglomerate providing a wide range of digital services and platforms.
Cloud ComputingGamingSector AgnosticSocialShenzhen, CN
Ma Huateng(Founder)in
Co-investorsSkycatcher FundAndreessen HorowitzSequoia CapitalTencent Holdings
Shenzhen, CN
Chen Yidan(Founder)Daniel Xu(Founder)Ma Huateng(Founder)Zeng Liqing(Founder)Zhang Zhidong(Founder)
Co-investorsAfrica Climate VenturesHypothesisRogue Insight CapitalProsus Ventures
Transak provides fiat-to-crypto on-ramp and off-ramp infrastructure for wallets, apps, and platforms, offered as white-label APIs or plug-and-play widgets.
Crypto & Web3Data & InfrastructureFintechNew York, US
Sami Start(Executive Officer, Director)inYeshu Agarwal(Executive Officer, Director)in
Co-investors1k(x)1kxBitDAOBR CapitalConsenSys MeshFuel Venture Capital+14 more
Gaming / NFT / metaverse project
Co-investorsCryptonite CapitalGeekCartelMorningstar VenturesAnimoca BrandsKuCoin LabsManta Network+1 more
VANCL is an online apparel retailer selling men's wear, women's wear, shoes, children's clothing, and home goods under its own brand.
ConsumerDirect to ConsumerE-commerceBeijing, CN
Co-investorsQiming Venture PartnersCeyuan VenturesLegend CapitalSAIFTemasekTiger Global Management
Wandou Gongzhu (Wandou) operates a cross-border e-commerce platform offering Japanese consumer brands, with a catalog of about 3,300 brands and 40,000 SKUs.
ConsumerE-commerceMarketplaces
Co-investorsVentech ChinaCherubic VenturesItochu Technology VenturesSBI Holdings
Manu Kumar JaininHong Feng(Founder)Lei Jun(Founder)Li Wanqiang(Founder)Lin Bin(Founder)Liu De(Founder)
Co-investors5Y CapitalGranite AsiaGreen Bay VenturesNGP CapitalQiming Venture PartnersQualcomm Ventures+3 more
XLD Finance operates X, an EVM-based blockchain built on the OP Stack for commercial payment applications, using its native stablecoin xUSD to enable cross-border payments and settlement between digital assets and traditional finance.
Crypto & Web3Fintech
Co-investorsDigital Currency GroupIntegra PartnersMentha PartnersAdvance AICircle & Co.Emfarsis+6 more
XPENG builds electric vehicles equipped with AI-based driver-assistance systems and an 800-volt SEPA 2.0 platform that supports 10-80% charging in around 12 minutes.
CleantechConsumerMobility & Transportation
He Tao(Founder)He Xiaopeng(Founder)Xia Heng(Founder)Yang Chunlei(Founder)
Co-investors5Y CapitalHongShan Capital GroupMatrix Partners China
Zhiketong provides digital marketing services for hotels and hospitality chains through a SaaS platform and integrated services across social platforms like WeChat, Douyin, Little Red Book, and Alipay.
Marketing TechSaaSTravel & HospitalityBeijing, CN
Co-investorsGobi PartnersGobi Partners ChinaShunwei CapitalVision Plus Capital
Zoox develops autonomous robotaxis designed as purpose-built vehicles for autonomous transportation.
AI & Machine LearningMobility & TransportationRoboticsMenlo Park, US
TIM KENTLEY-KLAY(Executive Officer, Director)JESSE LEVINSON(Executive Officer, Director)JON FOSTER(Executive Officer)inJesse Levinson(Founder)Tim Kentley-Klay(Founder)
BoardHEIDI ROIZEN(Director)in
Co-investorsBlackbird VenturesBrave CapitalBreyer CapitalIntrepid Growth PartnersLux CapitalPrimavera Venture Management Limited+7 more
Chinese premium tea drinks brand.
Co-investorsCoatue ManagementHongShan Capital GroupHundreds Capital
XPENG develops smart electric vehicles, including AI-powered SUVs and coupes, along with related mobility technology spanning road and air travel.
AI & Machine LearningHardwareMobility & Transportation
Xiaopeng He(Founder)in
Co-investorsCoatue ManagementEast West Ventures EWVGranite AsiaPrimavera Venture Management LimitedShunwei CapitalWelight Capital+5 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
i-Incubator HealthcareMonclerNutrinsicTo Summer
Exits · 11
8 IPOs · 3 acquisitions · showing 9BaiduNASDAQ: BIDUBlock IncNYSE: XYZCircleNYSE: CRCLCoinbaseNasdaq: COINMiniPayNASDAQ: OPRANFT GamingNASDAQ: GXAIPony.aiNASDAQ: PONYContasticacq. by SugarCRMTeambitionacq. by Alibaba
Portfolio news
latest coverage across their companies
Manus · techcrunch.com · Oct 8, 2026
Coinbase · finance.yahoo.com · Oct 3, 2026
GAIB · ventureburn.com · Jul 6, 2026
Bytedance · research.contrary.com · Jun 8, 2026
Rokid · prnewswire.com · May 8, 2026
Brain Co. · prnewswire.com · Sep 11, 2025
Transak · finsmes.com · Aug 14, 2025
IPO stake values · per SEC filings
Value of this firm's stake in each portfolio company at its IPO price, from the prospectus principal-stockholder table.
| Company | Owned | IPO price | At IPO | Stake value |
|---|---|---|---|---|
| Circle | 9.3% | $130.00 | Aug 2025 | $2.6B |
Source: SEC S-1 / 424B prospectus filings. Stake value = shares beneficially owned × the initial public offering price, as disclosed — a market value at IPO, not a return multiple (the firm's original cost is not disclosed).
Frequently asked questions
- How many investments has IDG Capital made?
- IDG Capital has 85 tracked investments, 11 of which have exited, including 9 dated in the last 24 months.
- What stage does IDG Capital invest at?
- IDG Capital invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What is IDG Capital's typical check size?
- IDG Capital typically writes checks of $1M – $100M.
- What sectors does IDG Capital focus on?
- IDG Capital focuses on Advanced Manufacturing, AI & Machine Learning, Biotech, Consumer, Crypto & Web3, Data & Infrastructure, E-commerce, Energy, Enterprise Software, Hardware, Healthtech, Media & Entertainment, Medical Devices, New Materials, SaaS, Sector Agnostic, Semiconductors.
- Where is IDG Capital located?
- IDG Capital is headquartered in Hong Kong, HK.
- Does IDG Capital lead rounds?
- IDG Capital has led 5 of the 29 rounds where its role is on record.
- Who does IDG Capital co-invest with?
- IDG Capital most often shares deals with Accel, Breyer Capital, General Catalyst, among 43 tracked co-investors.
Images
Co-investors · 17
Sequoia Capital is a venture capital firm that partners with founders to build technology companies.
5Y Capital positions itself as entrepreneurs who happen to run a venture firm, focusing on finding founders with "crazy" visions that contradict market consensus when others dismiss them as unrealistic. The firm has built a track record of early bets on Chinese tech leaders like Kuaishou, Xiaomi, and SenseTime, while deliberately expanding into new domains like AI infrastructure and biotech despite having no prior experience in those sectors.
Gaorong Capital was founded by three former IDG Capital and CICC professionals who left one of China's top VC franchises to build a new platform, giving the firm unusually deep roots in both top-tier VC and investment banking in China's tech ecosystem. The firm maintains a rare multi-hub footprint across Beijing, Shanghai, Shenzhen, and Hong Kong, positioning itself at the intersection of mainland tech hubs and Hong Kong's capital markets while focusing on audacious founders building mission-critical capabilities across AI, deep tech, software infrastructure, and cybersecurity.
GSR Ventures is a global early-stage technology investment firm backing companies in AI-enabled enterprise software, consumer platforms, and healthcare technology.
Founders Fund is a venture capital firm that backs technology companies building transformative products.
True Ventures is an early-stage venture capital firm that has backed founders since 2005, partnering at the earliest moments of company building.
IVP (Institutional Venture Partners) is a venture capital firm that backs high-growth companies, emphasizing partnership and hands-on support to help portfolio companies scale toward market leadership.
Greycroft is a venture capital firm that partners with founders across multiple industries and geographies, investing in software, sustainability, and consumer brands.
Caffeinated Capital is a venture firm based in San Francisco and New York that leads seed and Series A rounds and continues investing throughout the life of technology companies.
Ribbit Capital is a venture firm that partners with founders challenging incumbents across areas such as AI, global commerce, infrastructure, wealth management, money movement, identity, data, and energy, with a strong emphasis on brand-building.
Base10 Partners is a venture capital firm investing in automation technologies for the real economy, backing companies that solve problems for the '99%'. The firm donates a portion of its proceeds to support the next generation of technology founders.
Luminous Ventures (formerly Lightspeed China Partners) is a venture capital firm backing top startups at the early and growth stages, partnering with entrepreneurs across technology sectors.
▶5 more co-investors
Mucker CapitalAngular VenturesGriffin Gaming PartnersGlade Brook Capital PartnersJoy Capital
Firms observed investing alongside IDG Capital, from public investor directories. Shared companies are the overlap with IDG Capital's recorded portfolio.
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Industrial Technology Investment Corporation is the venture capital arm of Taiwan's Industrial Technology Research Institute (ITRI), backing startups across multiple stages and sectors while providing access to ITRI's R&D resources.
SBI Investment Korea is a Korean asset management firm within the SBI Group that operates venture capital and private equity funds, positioning itself as a 'New Industry Creator'.
Khosla Ventures is a venture capital firm that backs bold, early-stage, technology-driven companies across deep tech and other sectors, providing hands-on 'venture assistance' to help founders build category-defining businesses.
Alumni Ventures (AV) is a venture capital firm that co-invests alongside lead VCs in startups, backing founders with capital and access to a large investor and operator community.
A globally recognized venture capital firm designed to provide access to highly competitive venture deals to individual investors, consistently recognized for top-decile DPI performance and as one of the most active US venture firms.