# Cowin Capital: portfolio, investments and team

> Cowin Capital is a vc firm based in China. 151 investments on record, 10 in the last 12 months, latest Mar 2026. Portfolio, stages, co-investors and team.

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

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

# Cowin Capital

Last cheque observed Mar 2026; 151 cheques on record.

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Deploying now VC firm

Seed Series A 大科技 大健康 大信息

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Deploying now

**37%** of best year **10** **cheques in 12 months**, 151 on record

Since the last cheque **244** days **00** hrs **00** min **00** sec

Median round **$14M** Rounds led **0 of 151** Sole investor **62 rounds**

Pitch Cowin Capital

## Cowin Capital highlights

- 01 10 cheques in the last 12 months
- 02 Mostly Venture and Series A: 65% of its rounds
- 03 Sole investor in 62 rounds, median $7.5M

## What they do

> 26 years of investment management experience - 800+ invested companies - 300+ successful exits Translated from Chinese, from their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Seed Series A
- **Sectors:** 大科技 大健康 大信息
- **Based in:** Shenzhen, China
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **151 appearances**

- **2026** 6 rounds
- **Mar** **[YanRong Tech](https://millionrounds.com/company/yanrong-tech)** Series C **$15M** Sole investor
- **Mar** **[Manifold AI](https://millionrounds.com/company/manifold-ai)** Seed **$29M** With 3 others
- **Feb** **[Zhuoshi Technology](https://millionrounds.com/company/zhuoshi-technology)** Venture **Undisclosed** Sole investor
- **Feb** **[Xinge Video](https://millionrounds.com/company/xinge-video)** Venture **Undisclosed** Sole investor
- **Jan** **[Tauren](https://millionrounds.com/company/tauren)** Venture **Undisclosed** With 1 other
- **Jan** **[Wonsor](https://millionrounds.com/company/wonsor)** Series A **$14M** Sole investor
- **2025** 26 rounds
- **Dec** **[Sinsegye](https://millionrounds.com/company/sinsegye)** Series B **$43M** With 1 other
- **Dec** **[Sumgen Biotech](https://millionrounds.com/company/sumgen-biotech)** Venture **Undisclosed** With 2 others
- **Dec** **[Yisu Innovation](https://millionrounds.com/company/yisu-innovation)** Seed **$14M** Sole investor
- **Dec** **[Lizheng Technology](https://millionrounds.com/company/lizheng-technology)** Series C **$43M** With 4 others
- **Oct** **[Guoyi Quantum](https://millionrounds.com/company/guoyi-quantum)** Venture **$18M** With 3 others
- **Oct** **[Jade Bird Display](https://millionrounds.com/company/jade-bird-display)** Series B **$141M** With 3 others
- **Oct** **[Leadinno Medical Valley](https://millionrounds.com/company/leadinno-medical-valley)** Series B **$28M** With 1 other
- **Oct** **[WeHand](https://millionrounds.com/company/wehand)** Venture **$14M** With 1 other
- **Sept** **[Chinagene Tech](https://millionrounds.com/company/chinagene-tech)** Venture **Undisclosed** With 1 other
- **Sept** **[Tophant](https://millionrounds.com/company/tophant)** Venture **$28M** With 1 other
- **Aug** **[Hantong Medical](https://millionrounds.com/company/hantong-medical)** Venture **Undisclosed** With 1 other
- **Jul** **[ZSPepLib](https://millionrounds.com/company/zspeplib)** Series B **$14M** With 3 others
- **Jun** **[Captain BI](https://millionrounds.com/company/captainbi)** Venture **Undisclosed** With 1 other
- **Jun** **[Hangrun Aviation](https://millionrounds.com/company/hangrun-aviation)** Venture **Undisclosed** With 2 others
- **Jun** **[Linkingfresh.com](https://millionrounds.com/company/linkingfresh-com)** Series C **$14M** With 1 other
- **Jun** **[HUAUN](https://millionrounds.com/company/huaun)** Venture **Undisclosed** With 1 other
- **May** **[Sigma Squares Tech](https://millionrounds.com/company/sigma-squares-tech)** Series B **$14M** Sole investor
- **May** **[PowerValue](https://millionrounds.com/company/powervalue)** Venture **Undisclosed** With 1 other
- **May** **[Zdeer](https://millionrounds.com/company/zdeer)** Venture **Undisclosed** With 1 other
- **Apr** **[Shanhai Innovation](https://millionrounds.com/company/shanhai-innovation)** Series C **$14M** With 1 other
- **Mar** **[CARKU](https://millionrounds.com/company/carku)** Series B **$14M** Sole investor
- **Mar** **[Meinangaoke](https://millionrounds.com/company/meinangaoke)** Series A **$1.4M** Sole investor
- **Mar** **[Huachen Core Light](https://millionrounds.com/company/huachen-core-light)** Series A **$28M** With 1 other
- **Feb** **[Aijie Boya](https://millionrounds.com/company/aijie-boya)** Venture **$14M** With 2 others
- **Jan** **[Shanghai LinkedCare Information Technology](https://millionrounds.com/company/shanghai-linkedcare-information-technology)** Venture **Undisclosed** With 1 other
- **Jan** **[iVIEW Therapeutics](https://millionrounds.com/company/iview-therapeutics)** Venture · US **Undisclosed** Sole investor
- **2024** 12 rounds
- **Dec** **[TBSTest Technology](https://millionrounds.com/company/tbstest-technology)** Venture **Undisclosed** With 3 others
- **Dec** **[uBriGene](https://millionrounds.com/company/ubrigene)** Series D **$27M** With 3 others
- **Nov** **[Hohem](https://millionrounds.com/company/hohem)** Series B **$14M** With 3 others
- **Nov** **[Neuracle](https://millionrounds.com/company/neuracle)** Venture **Undisclosed** With 3 others
- **Jun** **[ExponTech](https://millionrounds.com/company/expontech)** Series A **$14M** Sole investor
- **Jun** **[Laifu Technology](https://millionrounds.com/company/laifu-technology)** Series B **$14M** With 2 others
- **May** **[Bytetree](https://millionrounds.com/company/bytetree)** Seed **$1.4M** Sole investor
- **Apr** **[AnDiConBio](https://millionrounds.com/company/andiconbio)** Series A **$28M** 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 cheque

Seed Series A

Median round joined **$14M** the round, not its cheque Alone, median **$7.5M**

Led 0 of 151 rounds **0%**

- **Sole investor:** 62 rounds
- **Last cheque:** Mar 2026

Rounds by stage said on their site

- Venture *45*
- Series A said *40*
- Series B *26*
- Series C *12*
- Seed said *7*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Shenzhen Capital Group Co.](https://millionrounds.com/fund/shenzhen-capital-group) 10
- [Xiaomi](https://millionrounds.com/fund/xiaomi) 8
- [IDG Capital](https://millionrounds.com/fund/idg-capital) 7
- [Legend Capital](https://millionrounds.com/fund/legend-capital) 6
- [Addor Capital](https://millionrounds.com/fund/addor-capital) 5
- [CICC](https://millionrounds.com/fund/cicc) 5

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

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## Who they invest alongside

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

[**Shenzhen Capital Group Co.** Government **10** rounds together](https://millionrounds.com/fund/shenzhen-capital-group)[**Xiaomi** Investment firm **8** rounds together](https://millionrounds.com/fund/xiaomi)[**IDG Capital** Private equity **7** rounds together](https://millionrounds.com/fund/idg-capital)[**Legend Capital** VC firm **6** rounds together](https://millionrounds.com/fund/legend-capital)[**Addor Capital** VC firm **5** rounds together](https://millionrounds.com/fund/addor-capital)[**CICC** Investment bank **5** rounds together](https://millionrounds.com/fund/cicc)[**HSG** VC firm **5** rounds together](https://millionrounds.com/fund/hsg)[**Hill House Capital** Family office **5** rounds together](https://millionrounds.com/fund/hill-house-capital)[**QF Capital** VC firm **5** rounds together](https://millionrounds.com/fund/qf-capital)[**Shunwei Capital** VC firm **5** rounds together](https://millionrounds.com/fund/shunwei-capital)[**Fortune Venture Capital** VC firm **4** rounds together](https://millionrounds.com/fund/fortune-capital)[**GF Xinde Investment Management** VC firm **4** rounds together](https://millionrounds.com/fund/gf-xinde-investment-management)

## Recently backed

The latest companies Cowin Capital put money into.

[**YanRong Tech** $15M · Mar 2026](https://millionrounds.com/company/yanrong-tech)[**Sinsegye** $43M · Dec 2025](https://millionrounds.com/company/sinsegye)[**Guoyi Quantum** $18M · Oct 2025](https://millionrounds.com/company/guoyi-quantum)[**HUAUN** Jun 2025](https://millionrounds.com/company/huaun)[**Sigma Squares Tech** $14M · May 2025](https://millionrounds.com/company/sigma-squares-tech)[**PowerValue** May 2025](https://millionrounds.com/company/powervalue)

## Quick answers about Cowin Capital

### What does Cowin Capital invest in?

Cowin Capital invests most often at Venture and Series A (65% of the rounds on record), in sectors such as 大科技, 大健康 and 大信息.

### How active is Cowin Capital?

151 investments on record, 10 of them in the last 12 months. The most recent was in Mar 2026.

### What has Cowin Capital invested in recently?

Its most recent investments on record: YanRong Tech (Series C, Mar 2026), Manifold AI (Seed, Mar 2026) and Zhuoshi Technology (Venture, Feb 2026).

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

The median round it joins is $14M.

### Does Cowin Capital lead rounds?

Rarely, if at all: none of its 151 investments on record names it as the lead.

### Is Cowin Capital investing now?

Yes: it is actively investing, with 10 investments in the last 12 months.

### Who does Cowin Capital invest alongside?

Most often Shenzhen Capital Group Co. (10 rounds together), Xiaomi (8 rounds together) and IDG Capital (7 rounds together).

### What kind of investor is Cowin Capital?

Cowin Capital is a VC firm based in Shenzhen, China.

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