IDG Capital
Venture capitalHong Kong · Pre-Seed–Late Stage · 5 people tracked
Also known as IDG CAPITAL FUND MANAGEMENT LTD. · IDG CAPITAL MEGA FUND MANAGEMENT LTD. · IDG Capital Project · IDG VC MANAGEMENT LTD.
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 Aug 25, 2026.
Team · 5 people
from curated
What they invest in
from 16 of 22 portfolio companiesAI & Machine Learning ×7SaaS ×4Biotech ×3Deep Tech ×3Hardware ×3Consumer ×2Crypto & Web3 ×2Enterprise Software ×2
HQs:United States×6China×2
Investments · 22 tracked
founders shown can be your intro pathBy year:2026 · 52025 · 12022 · 12019 · 18 dated
Square is a financial services platform that provides point-of-sale systems, payment processing, payroll management, and cash flow tools for small and medium-sized businesses.
FintechRetail TechSaaSSan Francisco, US
Jack Dorsey(Co-founder)Brian Grassadonia(Executive Officer)Sivan Whiteley(Executive Officer)
BoardMary Meeker(Director)Jim McKelvey(Director)inRoelof Botha(Director)in
Co-investorsA*Bling CapitalCota CapitalCrunchFundHinge CapitalKleiner Perkins+13 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
A biotechnology company that completed a $70 million Series B financing round and has received awards recognizing it as a high-growth pharmaceutical/medical services enterprise in China.
BiotechHealthtech
Co-investorsQiming Venture PartnersCMB International
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 develops tactical weapon systems combining autonomous targeting software (ODIN) with modular, rugged hardware, including its Zeus system designed for first-hit lethality against multiple target types.
AI & Machine LearningDefense TechHardware
Naweed Tahmas(Founder)in
Co-investorsAntiMaC Venture CapitalWhat If VenturesHashkey CapitalOak Grove VenturesSilent Ventures
Archon Biosciences develops a computational protein design platform leveraging AI and deep learning for therapeutic and vaccine applications.
AI & Machine LearningBiotechDeep TechSeattle, US
George Ueda, Ph.D.(Chief Technology Officer, Co-Founder)James Lazarovits, Ph.D.(Chief Executive Officer, Co-Founder)James Lazarovits(Founder)inGeorge Ueda(Founder)in
Co-investorsCornucopian Capital ManagementMadrona Venture GroupGaorong CapitalGaorong VenturesGobi PartnersY Combinator+1 more
Archon provides compliance services that accelerate the federal authorization process for software vendors selling to government agencies, reducing typical timelines and associated expenses.
CybersecurityGovTechSan Francisco, US
George Parks(Founder and CEO)in
Co-investorsY CombinatorGaorong CapitalGaorong VenturesGobi PartnersRebel FundZhenFund
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
ESWIN develops chips and semiconductor solutions, produces silicon materials, and works on ecosystem/supply-chain development.
HardwareNew MaterialsSemiconductors
Co-investorsSource Code CapitalChina Internet Investment FundLegend CapitalShang Qi 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(Co-founder & CEO)inWayne Liang(Co-founder and Chief Innovation Officer)Joshua X.(Founder)inJoshua X(Founder)
BoardSarah Guo(Board member; founder of Conviction)
Co-investorsConvictionBenchmarkThrive CapitalBONDDylan FieldElad Gil+2 more
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 CapitalSequoia Capital
Co-investorsQiming Venture Partners
Lakrids by Bülow is a premium confectionery brand that makes gourmet liquorice products, such as liquorice coated in chocolate and flavored coatings.
ConsumerDirect to ConsumerFoodTech
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)
Co-investorsTorch CapitalBAI capitalHyT Capital
High-performance outerwear for mountaineering and cold weather
Co-investorsProgressio SGR S.p.A.
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 VenturesHypersphere Ventures
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 Ventures
Social, gaming & internet services
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)
Co-investors1k(x)1kxBitDAOBR CapitalConsenSys MeshFuel Venture Capital+13 more
Exits · 2
IPOs and acquisitions across the tracked portfolioSquareNYSE: XYZContasticacq. by SugarCRM
Portfolio news
latest coverage across their companiesMath · finsmes.com · Aug 21, 2026
Eswin · digitimes.com · Aug 11, 2026
Lakrids by Bülow · confectioneryproduction.com · Jul 24, 2026
Aeon · gurufocus.com · Jul 14, 2026
Archon · autonews.gasgoo.com · Jun 29, 2026
Square · investing.com · Jun 29, 2026
Archon · autonews.gasgoo.com · Jun 29, 2026
Transak · refreshmiami.com · Aug 15, 2025
Frequently asked questions
- How many investments has IDG Capital made?
- IDG Capital has 9 tracked investments.
- 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 $3M – $200M.
- 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.
- Who does IDG Capital co-invest with?
- IDG Capital most often shares deals with Conviction, Morningside Venture Capital Limited, Qiming Venture Partners, among 9 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.
Founders Fund is a venture capital firm that backs technology companies building transformative products.
True Ventures is a venture capital firm established in 2005 that focuses on early-stage technology companies, with operations based in Silicon Valley.
IVP (Institutional Venture Partners) is a venture capital firm that backs breakout companies at critical inflection points, helping them grow into enduring market leaders.
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 that invests in automation technologies for the real economy, backing companies addressing problems relevant to the broad majority of people. The firm pledges to donate 50% of certain proceeds to support the next generation of technology founders.
Mucker Capital is a venture capital firm that provides Seed and Series A capital and hands-on guidance to startups located outside Silicon Valley, across the United States, Canada, and beyond. It also runs MuckerLab, a pre-seed accelerator working with 20-25 companies per year.
Angular Ventures is a venture capital firm that provides early-stage funding to founders operating in global markets.
▶5 more co-investors
Griffin Gaming PartnersGSR VenturesGlade Brook Capital PartnersLightspeed China 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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