Sinovation Ventures
Venture capitalBeijing · Seed–Growth · 23 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 · 23 people
from the firm's website & curated & public directories
What they invest in
from 4 of 4 portfolio companiesAI & Machine Learning ×2Enterprise Software ×2Advanced Manufacturing ×1Deep Tech ×1Future of Work ×1Robotics ×1SaaS ×1
HQs:China×2United States×2
Investments · 4 tracked
founders shown can be your intro path01.AI builds enterprise AI solutions and agents for executive decision-making, investment strategy, and B2B sales, alongside sovereign AI capabilities and industry-specific deployments.
AI & Machine LearningEnterprise SoftwareSector AgnosticBeijing, CN
BoardKai-Fu Lee
Sinovation Ventures is an investment firm founded by Kai-Fu Lee in 2009 that focuses on venture funding and support for entrepreneurs in artificial intelligence, robotics, automation, and deep technology sectors in China.
AI & Machine LearningDeep TechBeijing, CN
Kai-Fu Lee(Founder)
Robby Technologies develops autonomous robots designed to deliver food, groceries, and packages to customers' doorsteps.
Advanced ManufacturingRoboticsSan Francisco, US
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.
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