IDG Capital
Venture capitalHong Kong · Pre-Seed–Late Stage · 6 people tracked
Also known as IDG CAPITAL FUND MANAGEMENT LTD. · IDG CAPITAL MEGA FUND MANAGEMENT LTD. · IDG Capital Project · IDG VC MANAGEMENT LTD.
Find your way into IDG Capital
809 people in our graph share verified history with the IDG Capital team — schools, employers, funds. One of them is your warm intro.
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 Sep 15, 2026.
Team · 6 people
from curated & public directories
Founder mafia
2 people who came through IDG Capital went on to found or lead other companies.
What they invest in
from 36 of 44 portfolio companiesAI & Machine Learning ×14SaaS ×8Deep Tech ×7Biotech ×5Consumer ×5Crypto & Web3 ×5Enterprise Software ×5Fintech ×5
HQs:China×16United States×7Canada×1Denmark×1Finland×1
Investments · 44 tracked
founders shown can be your intro pathBy year:2026 · 42025 · 12024 · 12022 · 42021 · 22019 · 12015 · 114 dated
Circle builds a full-stack internet financial platform centered on stablecoins (primarily USDC), a Layer-1 blockchain called Arc, developer tools for onchain applications, and payment services that enable individuals and enterprises to transfer value across blockchain networks integrated with the traditional banking system.
New York, US
Patrick Sean Neville(Director)Jeremy Allaire(Executive Officer, Director)inP. Sean Neville(Director)Heath Tarbert(Executive Officer)inHossein Razzaghi(Executive Officer)Jeremy Fox-Geen(Executive Officer)in
Co-investorsaVentureAccelBlockchain CapitalPillar
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
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)inBrian Grassadonia(Executive Officer)Sivan Whiteley(Executive Officer)
BoardMary Meeker(Director)Jim McKelvey(Director)inRoelof Botha(Director)in
Co-investorsA*Bling CapitalCota CapitalCrunchFundFirst Round CapitalHinge Capital+16 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 Ventures
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)
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 CapitalXiang 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 Partners
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
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 CapitalWhat If VenturesFeenix Venture Partners LLCHashkey CapitalOak Grove Ventures+1 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
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-investorsSource Code CapitalChina Internet Investment FundLegend CapitalShang Qi Capital
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)in
Co-investorsAegis VentuesFaction280 CapitalAmber GroupAnimoca BrandsCMCC Global+6 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 Tech
Co-investorsQiming Venture PartnersK2VCSky9 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)in
BoardSarah Guo(Board member; founder of Conviction)in
Co-investorsConvictionBenchmarkThrive CapitalBONDDylan FieldElad Gil+2 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 CapitalSequoia Capital
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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 VenturesLightspeed China PartnersNorthern Light Venture Capital
A manufacturer and retailer of gourmet licorice products, including chocolate-coated varieties, operating from Denmark.
ConsumerDirect to ConsumerFoodTechTaastrup, DK
Magic DAYW Inc. is developing a mobile game.
Gaming
Co-investorsBAI capitalHongShan Capital GroupHyT Capital
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-investorsTorch CapitalBAI capitalHyT Capital
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)Tim T. Gong(Director)
Co-investorsCanadian Business Growth FundKensington Capital Partners LimitedLOWERCARBONLowercarbon CapitalChiratae VenturesJITO Angel Network
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
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
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 VenturesUdemy
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 VenturesAdvantech 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 Fund
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+13 more
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 VenturesSBI Holdings
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
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Circlei-Incubator HealthcareInsta360MonclerNutrinsic
Exits · 5
3 IPOs · 2 acquisitionsCircle Internet GroupNYSE: CRCLNFT GamingNASDAQ: GXAISquareNYSE: XYZContasticacq. by SugarCRMTeambitionacq. by Alibaba
Portfolio news
latest coverage across their companiesAeon · eu-startups.com · Sep 14, 2026
Tencent · thenextweb.com · Sep 11, 2026
Magic · cbs12.com · Sep 11, 2026
Minus · fundraiseinsider.com · Aug 29, 2026
Aeonsemi · inelectronics.co.uk · Aug 25, 2026
Math · finsmes.com · Aug 21, 2026
Circle Internet Group · marketbeat.com · Aug 16, 2026
Eswin · digitimes.com · Aug 11, 2026
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 Internet Group | 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 44 tracked investments, 5 of which have exited, including 6 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 $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 10 tracked co-investors.
Images
Co-investors · 17
Sequoia Capital is a venture capital firm that partners with founders to build technology companies.
GSR Ventures is a global early-stage technology investor backing companies building AI-enabled enterprise software, consumer platforms, and healthcare technology.
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.
Lightspeed China Partners invests in early-stage Internet, mobile, services, and enterprise software companies in China. The firm's partners provide operational and entrepreneurial expertise to portfolio companies.
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.
▶5 more co-investors
Angular VenturesGriffin Gaming PartnersGlade Brook Capital PartnersGaorong VenturesJoy 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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