Sinovation Ventures
Venture capitalBeijing · Seed–Growth · 24 people tracked
Also known as Innovation Partners Llc.
Investment thesis
Sinovation Ventures focuses on backing entrepreneurs building world-class technology companies, with a particular emphasis on Chinese startups and broader global technology and innovation. The firm manages multiple USD- and RMB-denominated funds and supports its portfolio across the technology sector.
Source: firm website, verified Aug 3, 2026.
Team · 24 people
from the firm's website & curated & public directories
What they invest in
from 3 of 3 portfolio companiesEnterprise Software ×2Advanced Manufacturing ×1AI & Machine Learning ×1Deep Tech ×1Future of Work ×1Robotics ×1SaaS ×1
HQs:United States×2China×1
Investments · 3 tracked
founders shown can be your intro path01.AI builds full-stack enterprise and sovereign AI solutions, including foundation models, industry agents, and decision-support applications for CEOs, executives, investment teams, and B2B/government sales organizations.
AI & Machine LearningDeep TechEnterprise SoftwareBeijing, CN
Guoyin Wang(Founder)in
BoardKai-Fu Lee(Founder)in
Co-investorsIndex VenturesKorea Investment PartnersLux CapitalNew Enterprise Associates (NEA)Quadrille CapitalRadical Ventures
Robby provides software tools for home service companies to help technicians educate homeowners and close sales during service visits.
Enterprise SoftwareFuture of WorkSaaSBoston, US
Vineet Jammalamadaka(Founder)inFeroze Mohideen(Founder)inJoseph Schwarzmann(Founder)in
Co-investorsY CombinatorBenchstrength Partners
Robby Technologies develops autonomous robots designed to deliver food, groceries, and packages to customers' doorsteps.
Advanced ManufacturingRoboticsSan Francisco, US
Rui Li(Founder/CEO)inDheera Venkatraman(Founder/CTO)in
Co-investorsY Combinator
Portfolio news
latest coverage across their companies
01 · startuptalky.com · Jul 15, 2026
Robby · ycombinator.com · Feb 11, 2026
Fund performance · per public LP disclosures
as of Mar 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Sinovation Fund IV, L.P.LPs: Los Angeles County Employees Retirement Association | 2018 | — | 2.7% | 1.14x | 0.00x |
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 Sinovation Ventures invest at?
- Sinovation Ventures invests at the Seed, Series A, Series B, Series C, Growth stages.
- What is Sinovation Ventures's typical check size?
- Sinovation Ventures typically writes checks of $1M – $110M.
- What sectors does Sinovation Ventures focus on?
- Sinovation Ventures focuses on AI & Machine Learning, Deep Tech, Sector Agnostic.
- Where is Sinovation Ventures located?
- Sinovation Ventures is headquartered in Beijing, CN.
- Does Sinovation Ventures lead rounds?
- Sinovation Ventures typically participates in rounds rather than leading them.
Media · Podcasts & interviews
featuring the teamSinovation Ventures' Kai-Fu Lee on Tech Innovation
Bloomberg Live · Kai-Fu Lee
The Future of Artificial Intelligence w/ Sinovation Ventures CEO Kai-Fu Lee | Technovation 616
Metis Strategy · Kai-Fu Lee
Here's how AI will change our world by 2041 | Kai-Fu Lee, Sinovation Ventures | AI FOR GOOD KEYNOTES
AI for Good · Kai-Fu Lee
Dr Kai-Fu Lee, Chairman and CEO of Sinovation Ventures | Interview | VivaTech
Viva Technology · Kai-Fu Lee
Dr Kai-Fu Lee, founder and CEO Sinovation Ventures
Asia House · Kai-Fu Lee
Images
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