Fundraising FoxLenovo Capital and Incubator Group (LCIG)
Corporate VCBeijing · Seed–Series B · 6 people tracked
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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.
Team · 6 people
from public directories宋春雨 leverages over 20 years in Lenovo technical roles to bring operator-level hardware and supply-chain expertise, championing AI Agents and a soft-hard, full-stack systems approach to AGI.
林林 bridges Lenovo and portfolio companies to identify cross‑business collaboration, championing a CVC 2.0 model that integrates market‑driven VC operations with incubation and industrial collaboration to accelerate startups.
王光熙 is a veteran CVC specialist who champions corporate venture as a strategic tool, making high‑conviction, non‑consensus early bets in silicon‑based intelligence, embodied AI and robotics while leveraging his firm's industrial resources.
贺志强, ex‑Lenovo CTO and corporate VC head, embraces uncertainty with a 7–8‑year horizon, backing early‑stage robotics and core components while pursuing AI consensus and non‑consensus angles to leverage industrial resources.
闫岩 spent nearly two decades inside Lenovo's finance and operations and, as LCIG partner, CFO, Chief Risk Officer and Lenovo Group Vice President, bridges Lenovo's corporate strategy with venture investing.
What they invest in
from 6 of 31 portfolio companiesAI & Machine Learning ×5Hardware ×3Semiconductors ×3IoT ×2Advanced Manufacturing ×1Cleantech ×1Deep Tech ×1Mobility & Transportation ×1
HQs:China×3United States×1
Investments · 31 tracked
founders shown can be your intro path
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
Industrial Next develops AI-powered automation solutions for factory and manufacturing environments, leveraging autonomous systems expertise from automotive and robotics backgrounds.
Advanced ManufacturingAI & Machine LearningRoboticsSan Francisco, US
Lukas Pankau(Founder)inAllen Pan(Founder)inHunter Zhao(Hiring Lead)Kathleen Quinn Steeves(Chief of Staff)
Co-investorsG Vision CapitalPlug and Play VenturesY CombinatorAlphaX PartnersKhosla VenturesMiracle Plus
Megvii (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)inTang Wenbin(Founder)Yang Mu(Founder)Yin Qi(Founder)
Co-investorsComet LabsGGV Capital
NIO is an electric vehicle company offering smart EV models along with battery services including charging, swapping, and upgradable batteries.
CleantechHardwareMobility & Transportation
William Li(Founder)inWilliam Li Bin(Founder)
Co-investorsCapital Q® Ventures Inc.Hundreds CapitalPrimavera Venture Management LimitedShunwei CapitalHongShan Capital Group
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
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
Chen Weiliang(Founder)Peng Li(Founder)Yang Jian(Founder)
Co-investorsCowin Capital GroupMonolith Venture Advisory LimitedZhenFund
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Meituan DianpingSHAREit (茄子快传)SmartSens (思特威)Supcon (中控)云迹科技云迹科技 (YUNJI Technology)宁德时代寒武纪思特威旷视科技杰华特杰华特 (Joulwatt)沐曦股份浙江中控浙江中控 (Zhejiang Supcon)海光海光 (Hygon)深城交深城交 (Shenzhen Urban Transport)珠海冠宇珠海冠宇 (Zhuhai CosMX)美团芯驰科技蔚来汽车
Frequently asked questions
- How many investments has Lenovo Capital and Incubator Group (LCIG) made?
- Lenovo Capital and Incubator Group (LCIG) has 31 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 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 17 tracked co-investors.
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