Fundraising Fox

IPV

Venture capital

Beijing · Seed–Late Stage · 11 people tracked

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Investment thesis

IPV Capital specializes in semiconductor and technology investments, particularly in fabless design, memory, and advanced semiconductor technologies. The firm has deep operational expertise from co-founder Tingru's background in Chinese government and tech policy, and co-founder Roger's experience building technology companies. The firm targets companies addressing global computing and connectivity challenges, with a track record of identifying and scaling semiconductor leaders that eventually achieve public listings.

Invests inDeep TechSemiconductorsBeijing

Source: firm website, verified Jul 21, 2026.

Stage
Seed–Late Stage
HQ
Beijing, CN
Leads rounds
Leads
Instruments
Equity
Founded
2006
Tracked investments
18

Team · 11 people

from the firm's website
Roger· Co-founder

Co-founder of IPV Capital in 2006 with extensive background building and operating technology companies. Previously served as President and COO of Codex Group and VP/GM at CollabNet, bringing deep operational experience in semiconductors and enterprise software to his investment work.

Tingru· Co-founder

Co-founder of IPV Capital with 30 years of experience in global venture capital and private equity. Previously held senior government positions at China's Ministry of Information Industry and National Investment Corporation, bringing deep policy and operational expertise to the firm's technology investments.

Alex· Partner

Partner at IPV Capital since 2010, with over 20 years in venture capital and technology operations, particularly in China. Originally connected the Hong Kong family office to IPV's first fund and served as Entrepreneur in Residence before joining full-time.

David· Partner

Partner at IPV Capital since 2015 with over 40 years combined experience in venture capital and investment banking. Previously held roles at JPMorgan Partners, ComVentures, and major investment banks, with deep expertise in semiconductor and technology investing.

Ning· Partner

Partner with over 30 years in global private equity and venture capital markets. Previously a Senior Executive at China International Economic Consultants with extensive board experience across multiple IPV portfolio companies in semiconductors and software.

Terence· Managing Partner

Managing Partner on IPV Capital I & II since 2006 with extensive board experience across portfolio companies. Previously held leadership role at Worldview Technology Partners, bringing Asia-focused technology investment expertise.

Tom· Venture Partner, Europe

Venture Partner for IPV Capital in Europe with nearly 20 years of private equity and direct investment experience. Previously covered technology companies for Credit Suisse on the US West Coast during the 1990s.

Mok· CFO

Chief Financial Officer of IPV Capital since 2011 with over 10 years of consulting experience at major firms including Arthur Andersen and Deloitte. Holds CFA Charter and maintains board positions at several IPV-backed companies.

Ms. Huang· Compliance and Risk Officer

Returned to IPV Capital in 2021 after serving as compliance and risk control officer at Anchuang Capital. Brings diverse experience including prior roles as Vice President of IPV Capital, analyst roles in investment research, and financial management at technology startups.

Tiemin Zhao· Advisor / Team Member

Leading authority on semiconductor technology with extensive R&D and operations experience in the semiconductor industry. Holds PhD in Electrical Engineering from Stanford University and has served on boards of multiple startups, contributing to two profitable exits.

Wesley· Advisor

Long-time advisor to IPV Capital with over 15 years in global private equity, M&A, and venture capital. Currently Chairman and Founding Partner of L&L Capital with board experience at multiple IPV-backed semiconductor companies.

Investments · 18 tracked

founders shown can be your intro path
Amprius

Leading nanotech lithium battery materials and battery company

Giantec

One of the largest EPROM semiconductor companies globally

GigaDevice

Leading company of NVM devices and advanced memory in China

GrandMetals

One of the top three producers of semiconductor PCB boards

iFlytek
Ingenic

Leading industrial semiconductor company in China

iSoftStone

Leading IT service company in China

Maxscend

Leading RF company for mobile applications in Asia

NSIG

Leading silicon-based semiconductor materials company in China

Q Tech

Leading 3D semiconductor packaging company globally

Senodia

Leading MEMS semiconductor company in China

SG Micro

China's leading high performance analog fabless design company

Tiandi Energy
TongTech

Leading middleware enterprise solution company in China

TSHT

Leading semiconductor testing packaging company in China

V-Key
Vimicro

Leading video technology company in China

Vobile

Leading mobile security solution provider

Frequently asked questions

What stage does IPV invest at?
IPV invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What sectors does IPV focus on?
IPV focuses on Deep Tech, Semiconductors.
Where is IPV located?
IPV is headquartered in Beijing, CN.
Does IPV lead rounds?
Yes, IPV leads investment rounds.

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