Fundraising FoxSAIF
Venture capitalBeijing · Seed–Growth · 38 people tracked
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Investment thesis
SAIF emphasizes local, long-term partnership with entrepreneurs across the Asia Pacific region, positioning itself as an active lead investor. It focuses on growth investing, backing established sector leaders in fast-growing markets, emerging industry leaders, and cross-border opportunities that leverage comparative advantages between countries. The firm generally seeks cash-flow-positive market leaders but will also fund promising early-stage companies with strong competitive advantages that help define new spaces. It opportunistically invests in undervalued publicly-listed companies and special situations, following a disciplined, value-based approach. SAIF typically takes significant minority stakes and board seats to work closely with management on value creation, drawing on a blend of international experience and local knowledge in China.
Source: firm website, verified Oct 2, 2026.
Team · 38 people
from the firm's website & public directories
What they invest in
from 3 of 4 portfolio companiesAI & Machine Learning ×2Developer Tools ×2Consumer ×1Cybersecurity ×1Direct to Consumer ×1E-commerce ×1Enterprise Software ×1
HQs:China×1United States×1
Investments · 4 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 12018 · 12010 · 14 dated
Theorem.dev provides verified software engineering through lf-lean, an AI-powered translation tool that converts formal mathematical proofs from Rocq to Lean significantly faster than manual translation.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareSan Francisco, US
Jason Gross(Founder)inRajashree Agrawal(Founder)in
Co-investorsY CombinatorBatch VenturesBlast.ClubDCVC (Data Collective)Eight CapitalFAST — by GETTYLAB+5 more
Theorem Labs develops formal verification technology for software, producing mathematical proofs that cover a program's full behavior space, beginning with verified sandboxes designed to contain AI agents.
AI & Machine LearningCybersecurityDeveloper Tools
Co-investorsPioneerThe E14 FundHalcyonKhosla VenturesY Combinator
India's leading K-12 tutoring app
Zishaan Hayath(Founder)in
Co-investorsElevation CapitalKaizenvestAlteria CapitalEight Roads VenturesHelion Venture PartnersKaizen Private Equity
VANCL is an online apparel retailer selling men's wear, women's wear, shoes, children's clothing, and home goods under its own brand.
ConsumerDirect to ConsumerE-commerceBeijing, CN
Co-investorsQiming Venture PartnersCeyuan VenturesIDG CapitalLegend CapitalTemasekTiger Global Management
Portfolio news
latest coverage across their companiesTheorem · ycombinator.com · May 21, 2025
Fund performance · per public LP disclosures · 2
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| SAIF Partners IV L.P.LPs: California Public Employees' Retirement System, Empire State Development – New York Ventures, Robert Wood Johnson Foundation | 2010 | — | 4.0% | 1.37x | 0.81x |
| SAIF Partners III L.P.LPs: California Public Employees' Retirement System, Empire State Development – New York Ventures, John D. and Catherine T. MacArthur Foundation +2 more | 2007 | — | 6.0% | 1.74x | 1.24x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does SAIF invest at?
- SAIF invests at the Seed, Series A, Growth stages.
- What is SAIF's typical check size?
- SAIF typically writes checks of $10M – $100M.
- What sectors does SAIF focus on?
- SAIF focuses on Sector Agnostic.
- Where is SAIF located?
- SAIF is headquartered in Beijing, CN.
- Does SAIF lead rounds?
- Yes, SAIF leads investment rounds.
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