Keytone Ventures
Venture capitalHong Kong · Seed–Series B · 3 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 Oct 13, 2026.
Team · 3 people
from curated & public directoriesJoe Zhou Zhi Xiong is an early-generation China VC with multi‑cycle perspective, tapped by Kleiner Perkins to found the China arm and bridge Sand Hill Road to local execution.
Eric Tao is a Kauffman Fellow, a member of Class 16 of the two-year venture capital leadership program run by Kauffman Fellows. The program's member directory lists them at Keytone Ventures in China.
Jin Yi is a Kauffman Fellow, a member of Class 18 of the two-year venture capital leadership program run by Kauffman Fellows. The program's member directory lists them at Keytone Ventures in China.
What they invest in
from 5 of 8 portfolio companiesDigital Health ×2Hardware ×2Healthtech ×2Enterprise Software ×1Gaming ×1InsurTech ×1Marketing Tech ×1Media & Entertainment ×1
HQs:China×1Singapore×1United States×1
Investments · 8 tracked
founders shown can be your intro pathPyrAmes is a digital health company developing a proprietary wireless, non-invasive platform for continuous blood pressure monitoring in patients of all ages, from newborns to seniors.
Digital HealthHardwareHealthtechMedical Devices
Xina Quan(Co-Founder and CEO)in
Co-investorsGSR VenturesCloudStone CapitalStartXTexas HALO FundDecent CapitalXTX Markets
Analogix designs and manufactures high-performance mixed-signal semiconductor devices that enable high-definition connectivity between mobile devices and displays through standards like HDMI and DisplayPort.
HardwareSemiconductorsSanta Clara, US
Co-investorsDCM VenturesG Vision CapitalGlobespan Capital PartnersWestern Technology InvestmentDCMJAIC
DerbySoft provides technology that connects travel partners, including hotels and global hospitality brands, to streamline commerce and operations.
Enterprise SoftwareMarketing TechSaaSTravel & Hospitality
Feng Ou(Founder)in
PartnerJoe Zhou Zhi Xiong· solo GP
Co-investorsDCM VenturesGaocheng CapitalMoment Ventures, LlcDCM
Wanhu Health applies pharmacy benefit management (PBM) principles and digital health technology to provide integrated solutions for China's pharmaceutical and healthcare industry, focusing on serving aging populations with chronic diseases and supporting grassroots medical reforms.
Digital HealthHealthtechInsurTechBeijing, CN
PartnerJoe Zhou Zhi Xiong· solo GP
Co-investorsF-Prime Capital
Frequently asked questions
- How many investments has Keytone Ventures made?
- Keytone Ventures has 8 tracked investments.
- 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, HK.
- Does Keytone Ventures lead rounds?
- Keytone Ventures typically participates in rounds rather than leading them.
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