# China Merchants Capital: portfolio, investments and team

> China Merchants Capital is a vc firm based in China. 75 investments on record, 3 in the last 12 months, latest Mar 2026.

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

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

# China Merchants Capital

Last cheque observed Mar 2026; 75 cheques on record.

Follow China Merchants Capital and see its new cheques in your feed. [Sign up free](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fchina-merchants-capital)

Deploying now VC firm

Seed Series A Information Technology Internet Investment Management

Deploying now

**27%** of best year **3** **cheques in 12 months**, 75 on record

Since the last cheque **240** days **00** hrs **00** min **00** sec

Median round **$15M** Rounds led **1 of 75** Sole investor **32 rounds**

Pitch China Merchants Capital

## China Merchants Capital highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Series A and Series B: 62% of its rounds
- 03 Sole investor in 32 rounds, median $14M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A
- **Sectors:** Information Technology Internet Investment Management
- **Based in:** Wan Chai, China
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **75 appearances**

- **2026** 2 rounds
- **Mar** **[Senad Technology](https://millionrounds.com/company/senad-technology)** Venture **$29M** With 3 others
- **Mar** **[Calterah](https://millionrounds.com/company/calterah)** Series E **$146M** With 2 others
- **2025** 2 rounds
- **Dec** **[Tailan New Energy](https://millionrounds.com/company/tailan-new-energy)** Series B **$57M** With 2 others
- **Feb** **[iMotion.ai](https://millionrounds.com/company/imotion-ai)** **$28M** Sole investor
- **2024** 9 rounds
- **Nov** **[SoarWhale](https://millionrounds.com/company/soarwhale)** Series C **$14M** Sole investor
- **Oct** **[Mint BioTech](https://millionrounds.com/company/mint-biotech)** Series A **$28M** With 1 other
- **Aug** **[Corelink](https://millionrounds.com/company/corelink)** Series C **$42M** With 2 others
- **Jul** **[LiangDao](https://millionrounds.com/company/liangdao)** Venture **Undisclosed** With 1 other
- **Jul** **[Weikang Bio](https://millionrounds.com/company/weikang-bio)** Series D **$14M** With 1 other
- **May** **[Liang Baba](https://millionrounds.com/company/liang-baba)** Series A **$14M** Sole investor
- **Mar** **[VoiceAI](https://millionrounds.com/company/voiceai)** Venture **Undisclosed** With 1 other
- **Jan** **[Lanmei Technology](https://millionrounds.com/company/lanmei-technology)** Series B **$14M** With 1 other
- **Jan** **[ecMAX](https://millionrounds.com/company/ecmax)** Venture **$14M** Sole investor
- **2023** 8 rounds
- **Dec** **[Beichen Recycling](https://millionrounds.com/company/beichen-recycling)** Seed **$1.4M** Sole investor
- **Dec** **[Linhuiba](https://millionrounds.com/company/linhuiba)** Series C **$7.1M** With 1 other
- **Sept** **[Xilian Optical Core](https://millionrounds.com/company/xilian-optical-core)** Series B **$14M** Sole investor
- **Sept** **[Dalezhuang](https://millionrounds.com/company/dalezhuang)** Venture **Undisclosed** With 4 others
- **Jul** **[MKSEMI](https://millionrounds.com/company/mksemi)** Series A **$11M** With 2 others
- **Jul** **[vClusters](https://millionrounds.com/company/vclusters)** Series C **$14M** Sole investor
- **Apr** **[Wenshi Robot](https://millionrounds.com/company/wenshi-robot)** Series A **$15M** Sole investor
- **Apr** **[ZD Automotive](https://millionrounds.com/company/zd-automotive)** Series A **$15M** Sole investor
- **2022** 10 rounds
- **Dec** **[Sany Heavy Truck](https://millionrounds.com/company/sany-heavy-truck)** Series A **$145M** Sole investor
- **Sept** **[Evomotion](https://millionrounds.com/company/evomotion)** Series B **$20M** With 2 others
- **Aug** **[Porton Advanced Solutions](https://millionrounds.com/company/porton-advanced-solutions)** Series B **$80M** Sole investor
- **Aug** **[Broadgnss Technologies](https://millionrounds.com/company/broadgnss-technologies)** Venture **Undisclosed** Sole investor
- **Aug** **[Reconova Technologies](https://millionrounds.com/company/reconova-technologies)** Venture **Undisclosed** With 2 others
- **Aug** **[Proton Bio](https://millionrounds.com/company/proton-bio)** Series B **$76M** With 1 other
- **Jul** **[Ouyeel](https://millionrounds.com/company/ouyeel)** Series A **$36M** With 1 other
- **May** **[UNIMED](https://millionrounds.com/company/unimed)** Series D **$15M** With 3 others
- **Apr** **[Guangdong Huayan Robotics Co., Ltd.](https://millionrounds.com/company/guangdong-huayan-robotics-co-ltd)** Series B **$31M** Sole investor
- **Jan** **[Light Orange Times](https://millionrounds.com/company/light-orange-times)** Seed **$16M** Sole investor
- **2021** 4 rounds
- **Dec** **[Azuri Optics Technologies](https://millionrounds.com/company/azuri-optics-technologies)** Series B **$4.7M** Sole investor
- **Dec** **[Meike Solar](https://millionrounds.com/company/meike-solar)** Series B **$188M** With 2 others
- **Nov** **[Freda Biological](https://millionrounds.com/company/freda-biological)** Venture **$116M** With 1 other
- **Sept** **[Virogin Biotech](https://millionrounds.com/company/virogin-biotech)** Series D · CA **$120M** With 3 others
- **2020** 2 rounds
- **Jan** **[Ymatou](https://millionrounds.com/company/ymatou)** Venture **Undisclosed** Sole investor
- **Jan** **[Huacun Electronic](https://millionrounds.com/company/huacun-electronic)** Venture **Undisclosed** Sole investor
- **2019** 8 rounds
- **Nov** **[Dong Pinhui](https://millionrounds.com/company/dong-pinhui)** Series A · CN · China Money Network **$14M** With 1 other
- **Oct** **[XTransfer](https://millionrounds.com/company/xtransfer)** Series B · CN · FinSMEs **$15M** With 4 others
- **Jun** **Innoviz Technologies** Series C · IL · FinSMEs **$170M** With 6 others

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

We hold **13** 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.

## The cheque

Seed Series A

Median round joined **$15M** the round, not its cheque Alone, median **$14M**

Led 1 of 75 rounds **1%**

- **Sole investor:** 32 rounds
- **Last cheque:** Mar 2026

Rounds by stage said on their site

- Series A said *23*
- Series B *17*
- Venture *12*
- Series C *9*
- Series D *4*
- Seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [CICC](https://millionrounds.com/fund/cicc) 4
- [Shenzhen Capital Group Co.](https://millionrounds.com/fund/shenzhen-capital-group) 4
- [CDH Investments](https://millionrounds.com/fund/cdh-investments) 3
- [Gaorong Capital](https://millionrounds.com/fund/gaorong-capital) 3
- [Legend Capital](https://millionrounds.com/fund/legend-capital) 3
- [Oriental Fortune Capital](https://millionrounds.com/fund/oriental-fortune-capital) 3

**Pitching China Merchants Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

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

[**CICC** Investment bank **4** rounds together](https://millionrounds.com/fund/cicc)[**Shenzhen Capital Group Co.** Government **4** rounds together](https://millionrounds.com/fund/shenzhen-capital-group)[**CDH Investments** Private equity **3** rounds together](https://millionrounds.com/fund/cdh-investments)[**Gaorong Capital** VC firm **3** rounds together](https://millionrounds.com/fund/gaorong-capital)[**Legend Capital** VC firm **3** rounds together](https://millionrounds.com/fund/legend-capital)[**Oriental Fortune Capital** VC firm **3** rounds together](https://millionrounds.com/fund/oriental-fortune-capital)[**Tengxun Touzi** VC firm **3** rounds together](https://millionrounds.com/fund/tengxun-touzi)[**China Everbright** Private equity **2** rounds together](https://millionrounds.com/fund/china-everbright)[**Financial Services Capital** Private equity **2** rounds together](https://millionrounds.com/fund/financial-services-capital)[**Fortune Venture Capital** VC firm **2** rounds together](https://millionrounds.com/fund/fortune-capital)[**GGV Capital** VC firm **2** rounds together](https://millionrounds.com/fund/ggv-capital)[**Harel Insurance Investments** Investment firm **2** rounds together](https://millionrounds.com/fund/harel-insurance-investments)

## Recently backed

The latest companies China Merchants Capital put money into.

[**LiangDao** Jul 2024](https://millionrounds.com/company/liangdao)[**Weikang Bio** $14M · Jul 2024](https://millionrounds.com/company/weikang-bio)[**ecMAX** $14M · Jan 2024](https://millionrounds.com/company/ecmax)[**Wenshi Robot** $15M · Apr 2023](https://millionrounds.com/company/wenshi-robot)[**Evomotion** $20M · Sept 2022](https://millionrounds.com/company/evomotion)[**Meike Solar** $188M · Dec 2021](https://millionrounds.com/company/meike-solar)

## Quick answers about China Merchants Capital

### What does China Merchants Capital invest in?

China Merchants Capital invests most often at Series A and Series B (62% of the rounds on record), in sectors such as Information Technology, Internet and Investment Management.

### How active is China Merchants Capital?

75 investments on record, 3 of them in the last 12 months, and it led 1. The most recent was in Mar 2026.

### What has China Merchants Capital invested in recently?

Its most recent investments on record: Senad Technology (Venture, Mar 2026), Calterah (Series E, Mar 2026) and Tailan New Energy (Series B, Dec 2025).

### How big are China Merchants Capital's cheques?

The median round it joins is $15M.

### Does China Merchants Capital lead rounds?

Sometimes: it led 1 of its 75 investments on record (1%).

### Is China Merchants Capital investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### Who does China Merchants Capital invest alongside?

Most often CICC (4 rounds together), Shenzhen Capital Group Co. (4 rounds together) and CDH Investments (3 rounds together).

### What kind of investor is China Merchants Capital?

China Merchants Capital is a VC firm based in Wan Chai, China.

## Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Find similar investorsOpen your CRM

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=china-merchants-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=china-merchants-capital)