# Chengwei Capital: portfolio, investments and team

> Chengwei Capital is a vc firm based in China. 26 investments on record, latest Oct 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/chengwei-capital (Millionrounds; every figure on the page links to its filing or article)

China · [Investor](https://millionrounds.com/investors)

# Chengwei Capital

Last cheque observed Oct 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet New fund $453M, Mar 2021 VC firm

Seed Series A Series B Renewables Climate Waste

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 26 on record

Since the last cheque **2556** days **00** hrs **00** min **00** sec

Median round **$45M** Rounds led **0 of 26** Sole investor **2 rounds** Exits **1 from the portfolio** Mostly in **China, 62%**

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## Chengwei Capital highlights

- 01 26 rounds on record
- 02 Mostly Series B and Series A: 50% of its rounds
- 03 Sole investor in 2 rounds, median $14M
- 04 1 exits from the portfolio

## What they do

> Filed 1 private fund offering with the SEC, the most recent in 2021-03 From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Renewables Climate Waste
- **Based in:** Shanghai, China
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **26 appearances**

- **2019** 3 rounds
- **Oct** **[Sensely](https://millionrounds.com/company/sensely)** US · FinSMEs **$15M** With 12 others
- **Jun** **[SiFive](https://millionrounds.com/company/sifive)** Series D · US · FinSMEs **$65M** With 5 others
- **Apr** **[Sila Nanotechnologies](https://millionrounds.com/company/sila-nanotechnologies)** Series E · US · FinSMEs **$170M** With 6 others
- **2018** 2 rounds
- **Aug** **[Baibu](https://millionrounds.com/company/baibu)** Series C · CN · China Money Network **$30M** With 3 others
- **Aug** **[Tot Biopharm](https://millionrounds.com/company/tot-biopharm)** Series B · CN · FinSMEs **$102M** With 4 others
- **2017** 1 round
- **Oct** **[Huishoubao](https://millionrounds.com/company/huishoubao)** Series B · CN · China Money Network **$45M** With 3 others
- **2016** 1 round
- **Jul** **[DotC United](https://millionrounds.com/company/dotc-united)** Series A · CN · FinSMEs **$45M** With 1 other
- **2015** 1 round
- **Jan** **[APUS Group](https://millionrounds.com/company/apus-group)** Series B · CN **$100M** With 4 others
- **2014** 3 rounds
- **Sept** **[XAircraft](https://millionrounds.com/company/xaircraft)** Series A · CN **$20M** Sole investor
- **Jun** **[Light Chaser Animation](https://millionrounds.com/company/light-chaser-animation)** Series B · CN **$20M** With 3 others
- **Jun** **[Novasentis](https://millionrounds.com/company/novasentis)** Series B · US **$10M** With 1 other
- **2013** 1 round
- **Oct** **[Novasentis](https://millionrounds.com/company/novasentis)** Series B · US · finsmes.com **$8.0M** With 1 other
- **2012** 1 round
- **Apr** **[Polyera](https://millionrounds.com/company/polyera)** Series C · US · mmdnewswire.com **$25M** With 2 others
- **2011** 1 round
- **Dec** **[SMART](https://millionrounds.com/company/smart)** Venture · CN **Undisclosed** With 1 other
- **2009** 1 round
- **Dec** **[Youku](https://millionrounds.com/company/youku)** Series E · CN · businessinsider.com **$40M** With 3 others
- **2008** 4 rounds
- **Jun** **[Youku](https://millionrounds.com/company/youku)** Series D · CN · paidcontent.org **$40M** With 4 others
- **May** **[Sohu.com](https://millionrounds.com/company/sohu-com)** Venture · CN **$25M** With 3 others
- **Mar** **[Yaolan.com](https://millionrounds.com/company/yaolan-com)** Venture · CN · venturebeat.com **$18M** With 2 others
- **Jan** **[Novasentis](https://millionrounds.com/company/novasentis)** Series A · US · pehub.com **$3.0M** With 3 others
- **2007** 2 rounds
- **Nov** **[Youku](https://millionrounds.com/company/youku)** Series C · CN · jlmpacificepoch.com **$25M** With 3 others
- **Feb** **[3GV8 International Inc](https://millionrounds.com/company/3gv8-international-inc)** CN **Undisclosed** With 1 other
- **2006** 3 rounds
- **Dec** **[Youku](https://millionrounds.com/company/youku)** Series B · CN · jlmpacificepoch.com **$12M** With 2 others
- **Nov** **[TOWONA Mobile TV Media Holding](https://millionrounds.com/company/towona-mobile-tv-media-holding)** Venture · CN **$11M** With 2 others
- **Jul** **[Digital Chocolate](https://millionrounds.com/company/digital-chocolate)** Series C · US · gigaom.com **$23M** With 9 others
- **2003** 2 rounds
- **Dec** **[Digital Chocolate](https://millionrounds.com/company/digital-chocolate)** Series B · US **$13M** With 3 others
- **Dec** **[Digital Chocolate](https://millionrounds.com/company/digital-chocolate)** Series A · US **$8.4M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **2 named**

EX **Eric X. Li** Director of Class B Shareholder i Filing they signed

KX **Kang X. Pei** Director of Class B Shareholder i Filing they signed

We also hold **7** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Youku](https://millionrounds.com/company/youku)** Listed **Undisclosed** Dec 2010

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$453M**

raised in Mar 2021

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$45M** the round, not its cheque Alone, median **$14M**

Led 0 of 26 rounds **0%**

- **Sole investor:** 2 rounds
- **Last cheque:** Oct 2019
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series B said *8*
- Series A said *4*
- Series C *4*
- Venture *4*
- Series D *2*
- Series E *2*
- Seed said *-*

Cheques by year Led Joined

2003 2019

Often in the room with

- [Sutter Hill Ventures](https://millionrounds.com/fund/sutter-hill-ventures) 10
- [Brookside Capital](https://millionrounds.com/fund/brookside-capital) 4
- [Farallon Capital Management](https://millionrounds.com/fund/farallon-capital-management) 4
- [IDG Ventures](https://millionrounds.com/fund/idg-ventures) 2
- [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) 2
- [Maverick Capital](https://millionrounds.com/fund/maverick-capital) 2

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## Who they invest alongside

The investors most often in the same rounds as Chengwei Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Sutter Hill Ventures** VC firm **10** rounds together](https://millionrounds.com/fund/sutter-hill-ventures)[**Brookside Capital** Hedge fund **4** rounds together](https://millionrounds.com/fund/brookside-capital)[**Farallon Capital Management** Asset manager **4** rounds together](https://millionrounds.com/fund/farallon-capital-management)[**IDG Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/idg-ventures)[**Kleiner Perkins Caufield & Byers** VC firm **2** rounds together](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[**Maverick Capital** VC firm **2** rounds together](https://millionrounds.com/fund/maverick-capital)[**Sequoia Capital** VC firm **2** rounds together](https://millionrounds.com/fund/sequoia-capital)

## Recently backed

The latest companies Chengwei Capital put money into.

[**Sensely** $15M · Oct 2019](https://millionrounds.com/company/sensely)[**SiFive** $65M · Jun 2019](https://millionrounds.com/company/sifive)[**Huishoubao** $45M · Oct 2017](https://millionrounds.com/company/huishoubao)

## Quick answers about Chengwei Capital

### What does Chengwei Capital invest in?

Chengwei Capital invests most often at Series B and Series A (50% of the rounds on record), in sectors such as Renewables, Climate and Waste.

### How active is Chengwei Capital?

26 investments on record, 0 of them in the last 12 months. The most recent was in Oct 2019.

### What has Chengwei Capital invested in recently?

Its most recent investments on record: Sensely (Undisclosed round, Oct 2019), SiFive (Series D, Jun 2019) and Sila Nanotechnologies (Series E, Apr 2019).

### How big are Chengwei Capital's cheques?

The median round it joins is $45M.

### Does Chengwei Capital lead rounds?

Rarely, if at all: none of its 26 investments on record names it as the lead.

### Where does Chengwei Capital invest?

Most of the companies it backs are in China (62%) and the United States (38%).

### Is Chengwei Capital investing now?

No investments in the last 12 months; the latest was in Oct 2019.

### Who does Chengwei Capital invest alongside?

Most often Sutter Hill Ventures (10 rounds together), Brookside Capital (4 rounds together) and Farallon Capital Management (4 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=chengwei-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=chengwei-capital)
