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Keytone Ventures

Venture capital

Hong Kong · Seed–Series B · 1 people tracked

Also known as KEYTONE VENTURES (HONG KONG) ADVISERS LIMITED

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Investment thesis

China-focused venture capital firm, founded in 2008 after acquiring seven Kleiner Perkins investments, led by Joe Zhou (former KPCB China founding managing partner) and Stella Jin (former IDG-Accel partner).

Source: firm website, verified Aug 18, 2026.

Stage
Seed–Series B
HQ
Hong Kong, CN
Leads rounds
Follows
Founded
2008
Private fund assets
$388.2M
VC funds
5
Tracked investments
7

Team · 1 people

from public directories

What they invest in

from 4 of 7 portfolio companies

Digital Health ×1Gaming ×1Hardware ×1Healthtech ×1InsurTech ×1Marketing Tech ×1Media & Entertainment ×1SaaS ×1

HQs:China×1

Investments · 7 tracked

founders shown can be your intro path
Analogixanalogix.comin𝕏

Analogix designs semiconductor technology including SlimPort retimers, display controllers, and converters, as well as DisplayPort and LCD timing controllers (TCONs), for device makers.

HardwareSemiconductors

Co-investorsDCM VenturesG Vision CapitalDCMGlobespan Capital PartnersJAIC

Chinapnrchinapnr.com

PartnerJoe Zhou Zhi Xiong· solo GP

Cloudmindscloudminds.com

PartnerJoe Zhou Zhi Xiong· solo GP

DerbySoftderbysoft.comin

DerbySoft provides travel technology for the hotel and travel industry, including distribution connectivity services between suppliers and distributors, AI-driven marketing solutions, and a content platform.

Marketing TechSaaSTravel & Hospitality

PartnerJoe Zhou Zhi Xiong· solo GP

Co-investorsDCM VenturesMoment Ventures, Llc

Garenagarena.com

Garena organizes and promotes esports events, from local grassroots tournaments to large-scale professional competitions, connecting with its player community and supporting its game ecosystem.

GamingMedia & Entertainment

PartnerJoe Zhou Zhi Xiong· solo GP

Kuyunkuyun.com

PartnerJoe Zhou Zhi Xiong· solo GP

Wanhuhealthwanhuhealth.com

Beijing Wanhu Liangfang Technology develops a pharmacy benefit management (PBM) system adapted to China, combined with digital health technology, to serve elderly patients with chronic diseases, primary healthcare systems, and public-welfare programs.

Digital HealthHealthtechInsurTechBeijing, CN

PartnerJoe Zhou Zhi Xiong· solo GP

Frequently asked questions

What stage does Keytone Ventures invest at?
Keytone Ventures invests at the Seed, Series A, Series B stages.
What sectors does Keytone Ventures focus on?
Keytone Ventures focuses on AI & Machine Learning, Enterprise Software, Fintech, Gaming, Healthtech.
Where is Keytone Ventures located?
Keytone Ventures is headquartered in Hong Kong, CN.
Does Keytone Ventures lead rounds?
Keytone Ventures typically participates in rounds rather than leading them.

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