Lenovo Capital and Incubator Group (LCIG)
Corporate VCBeijing · Seed–Series B
Investment thesis
Invests at early-stage and growth while incubating new businesses internally, directly integrating Lenovo’s global R&D, supply chain and channel resources and internal subsidiaries to accelerate portfolio companies.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 4 of 30 portfolio companiesAI & Machine Learning ×4Semiconductors ×3Hardware ×2IoT ×2Deep Tech ×1
HQs:China×3
Investments · 30 tracked
founders shown can be your intro pathMegvii (旷视) develops AI technology built on its self-developed Brain++ productivity platform (including the MegEngine deep learning framework), offering AIoT products such as facial-recognition access terminals, smart cameras, analysis boxes, and AI servers.
AI & Machine LearningDeep TechIoT
Qi Yin(Founder)in
Co-investorsComet LabsGGV Capital
China's largest local-life services O2O platform; IPO'd in Hong Kong in September 2018.
Co-investorsG SquaredHundreds CapitalQiming Venture Partners
Pioneer in China's premium electric vehicle market designing smart, connected vehicles with autonomous driving and AI technologies
Co-investorsHundreds CapitalShunwei Capital
SemiDrive designs automotive-grade processors for intelligent vehicle cabins, integrating CPU, GPU, AI accelerators, and video processing capabilities.
AI & Machine LearningIoTSemiconductorsBeijing, CN
Co-investorsVertex Ventures ChinaMatrix Partners ChinaSequoia CapitalShanghai STVC GroupVertex VenturesWalden International
Cambricon designs AI chips and processors, including its Siyuan (MLU) series built on chiplet technology and the MLUarch03 architecture, spanning cloud, edge, and device deployments.
AI & Machine LearningHardwareSemiconductors
Co-investorsTusStarBosch Ventures
MetaX (沐曦股份) designs GPU accelerator cards, GPU servers, workstations, and heterogeneous computing platforms (MXMACA) for AI and high-performance computing workloads.
AI & Machine LearningHardwareSemiconductorsShanghai, CN
Co-investorsCowin Capital GroupMonolith Venture Advisory Limited
Portfolio news
latest coverage across their companiesSemiDrive · newmarketpitch.com · Mar 11, 2026
Frequently asked questions
- How many investments has Lenovo Capital and Incubator Group (LCIG) made?
- Lenovo Capital and Incubator Group (LCIG) has 30 tracked investments.
- What stage does Lenovo Capital and Incubator Group (LCIG) invest at?
- Lenovo Capital and Incubator Group (LCIG) invests at the Seed, Series A, Series B stages.
- What is Lenovo Capital and Incubator Group (LCIG)'s typical check size?
- Lenovo Capital and Incubator Group (LCIG) typically writes checks of $1.5M – $150M.
- What sectors does Lenovo Capital and Incubator Group (LCIG) focus on?
- Lenovo Capital and Incubator Group (LCIG) focuses on Advanced Manufacturing, AI & Machine Learning, Deep Tech, Hardware, Robotics, SaaS, Semiconductors.
- Where is Lenovo Capital and Incubator Group (LCIG) located?
- Lenovo Capital and Incubator Group (LCIG) is headquartered in Beijing, CN.
- Does Lenovo Capital and Incubator Group (LCIG) lead rounds?
- Lenovo Capital and Incubator Group (LCIG) typically participates in rounds rather than leading them.
- Who does Lenovo Capital and Incubator Group (LCIG) co-invest with?
- Lenovo Capital and Incubator Group (LCIG) most often shares deals with Hundreds Capital, G Squared, Monolith Venture Advisory Limited, among 10 tracked co-investors.
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