Fundraising Fox

IPV

Venture capital

Beijing · Seed–Late Stage · 15 people tracked

Also known as IPV MANAGEMENT SERVICES, LTD. · IPV Stripe IronArc

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Investment thesis

IPV Capital invests in technology companies with a strong concentration on China's semiconductor industry, spanning chip design, memory, RF, MEMS, analog, and semiconductor materials. The firm positions itself as a lead investor in a large share of the most valuable semiconductor design IPOs globally over the past decade, backing companies such as GigaDevice, SG Micro, NSIG, Maxscend, and Ingenic. Leveraging deep operational, government-affairs, and venture experience across China and international markets, IPV takes board roles and supports portfolio companies through growth, listing, and exit, combining venture capital and private equity approaches within the global technology sector.

Invests inDeep TechEnergyHardwareIoTSemiconductorsAsia-PacificBeijingChinaGlobalMenlo Park

Source: firm website, verified Aug 11, 2026.

Stage
Seed–Late Stage
HQ
Beijing, CN
Leads rounds
Leads
Instruments
Equity
Founded
2006
AUM
$3.4B
VC funds
2
Tracked investments
20

Team · 15 people

from the firm's website & public directories
Tingru Liu· Chairman and Managing Partner

What they invest in

from 3 of 20 portfolio companies

Hardware ×2AI & Machine Learning ×1Cleantech ×1Cloud Computing ×1Energy ×1Enterprise Software ×1IoT ×1Semiconductors ×1

HQs:China×2United States×1

Investments · 20 tracked

founders shown can be your intro path
Ampriusamprius.comNYSE: AMPXSep 2022

Amprius manufactures high-energy-density lithium-ion batteries using silicon anode technology, offering longer range, faster charging, and higher payloads.

CleantechEnergyHardwareFremont, US

Donald R. Dixon(Director)Jonathan Bornstein(Executive Officer)Justin Mirro(Director)Kang Sun(Executive Officer, Director)Constantin Ionel Stefan(Executive Officer)Steven Chu(Director)

Giantec

One of the largest EPROM semiconductor companies globally

GrandMetals

One of the top three producers of semiconductor PCB boards

iFlytek
Ingenic

Leading industrial semiconductor company in China

iSoftStoneisoftstone.com

iSoftStone (软通动力) is a China-listed IT and digital technology services company (stock code 301236) providing consulting, digital technology services, and industry solutions in areas such as cloud, AI and large models, industrial internet, and data services.

AI & Machine LearningCloud ComputingEnterprise Software

刘天文(董事长兼首席执行官 (Chairman & CEO))

Maxscend

Leading RF company for mobile applications in Asia

NSIG

National Silicon Industry Group, the largest wafer manufacturer in China (exit).

Q Tech

Leading 3D semiconductor packaging company globally

Q Technologyacquired by TSHT

Leading 3D semiconductor packaging company; acquired by TSHT.

Senodia

Leading MEMS semiconductor company in China

SG Micro

China's leading high performance analog fabless design company

Simgui
Tiandi Energy
TongTech

Leading middleware enterprise solution company in China

TSHT

Leading semiconductor testing packaging company in China

V-Key
Vimicro

Chinese semiconductor/microelectronics company (中星微电子).

Vobile

Leading mobile security solution provider

兆易创新 (GigaDevice)gigadevice.comin

GigaDevice Semiconductor is a fabless supplier of Flash memory, 32-bit general-purpose microcontrollers, sensors, and analog products, serving over 20,000 customers globally.

HardwareIoTSemiconductors

Exits · 2

IPOs and acquisitions across the tracked portfolio

AmpriusNYSE: AMPXQ Technologyacq. by TSHT

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, Energy, Hardware, IoT, Semiconductors.
Where is IPV located?
IPV is headquartered in Beijing, CN.
Does IPV lead rounds?
Yes, IPV leads investment rounds.

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