# Green Pine Capital: portfolio, investments and team

> Green Pine Capital is a vc firm based in China. 131 investments on record, 13 in the last 12 months, latest Mar 2026. Portfolio, stages, co-investors and team.

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

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

# Green Pine Capital

Last cheque observed Mar 2026; 131 cheques on record.

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Deploying now VC firm

Pre-seed Seed Series A 数字科技 精准医疗 创新材料

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Deploying now

**54%** of best year **13** **cheques in 12 months**, 131 on record

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

Median round **$14M** Rounds led **0 of 131** Sole investor **51 rounds** Exits **2 from the portfolio**

Pitch Green Pine Capital

## Green Pine Capital highlights

- 01 13 cheques in the last 12 months
- 02 Mostly Venture and Series A: 62% of its rounds
- 03 Sole investor in 51 rounds, median $3.0M
- 04 2 exits from the portfolio

## What they do

> Songhe Capital focuses on early-stage and growth-stage investment, with a focus on investing in three hard-tech sectors: digital technology, precision medicine, and innovative materials. Translated from Chinese, from their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** 数字科技 精准医疗 创新材料
- **Based in:** Shenzhen, China
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **131 appearances**

- **2026** 11 rounds
- **Mar** **[Zhongke Fusion](https://millionrounds.com/company/zhongke-fusion)** Venture **$15M** With 1 other
- **Mar** **[Yarbo](https://millionrounds.com/company/yarbo)** Venture · US **$29M** With 1 other
- **Feb** **[Ruimeng Semiconductor](https://millionrounds.com/company/ruimeng-semiconductor)** Venture **$14M** With 3 others
- **Feb** **[Hanyang Technology](https://millionrounds.com/company/hanyang-technology)** Venture **Undisclosed** With 1 other
- **Feb** **[Aerofugia](https://millionrounds.com/company/aerofugia)** Series C **$144M** With 2 others
- **Feb** **[Zhiyou Wujie](https://millionrounds.com/company/zhiyou-wujie)** Pre-seed **$2.9M** Sole investor
- **Feb** **[HjMicro](https://millionrounds.com/company/hjmicro)** Venture **Undisclosed** With 2 others
- **Feb** **[RobotMeta](https://millionrounds.com/company/robotmeta)** Series B **$14M** With 3 others
- **Jan** **[Qinhao Pharmaceutical](https://millionrounds.com/company/qinhao-pharmaceutical)** Venture **$43M** Sole investor
- **Jan** **[Huixin Medical Valley](https://millionrounds.com/company/huixin-medical-valley)** Series A **$14M** Sole investor
- **Jan** **[Signet Therapeutics](https://millionrounds.com/company/signet-therapeutics)** Series A **$12M** With 3 others
- **2025** 14 rounds
- **Dec** **[Direct Drive Technology](https://millionrounds.com/company/direct-drive-technology)** Venture **Undisclosed** With 2 others
- **Dec** **[Gene+](https://millionrounds.com/company/gene)** Series D **$42M** With 3 others
- **Oct** **[Guoyi Quantum](https://millionrounds.com/company/guoyi-quantum)** Venture **$18M** With 3 others
- **Sept** **[YolTech Therapeutics](https://millionrounds.com/company/yoltech-therapeutics)** Series B **$42M** With 1 other
- **Sept** **[Deptrum](https://millionrounds.com/company/deptrum)** Venture **Undisclosed** With 2 others
- **Sept** **[Enrikenuo](https://millionrounds.com/company/enrikenuo)** Series A **$28M** With 1 other
- **Aug** **[Ling Mou Zhineng](https://millionrounds.com/company/ling-mou-zhineng)** Venture **Undisclosed** With 1 other
- **Aug** **[Aoda Biotechnology](https://millionrounds.com/company/aoda-biotechnology)** Series A **$4.2M** Sole investor
- **Jun** **[Shanmu SHANMU](https://millionrounds.com/company/shanmu-shanmu)** Venture **Undisclosed** With 1 other
- **May** **[ChengTech](https://millionrounds.com/company/chengtech)** Venture **Undisclosed** With 1 other
- **May** **[Sungen Biomedical](https://millionrounds.com/company/sungen-biomedical)** Series A **$42M** With 1 other
- **May** **[AkroStar](https://millionrounds.com/company/akrostar)** Venture **Undisclosed** With 4 others
- **Apr** **[Feng1](https://millionrounds.com/company/feng1)** Venture **Undisclosed** With 3 others
- **Feb** **[Readline](https://millionrounds.com/company/readline)** Series C **$69M** With 1 other
- **2024** 11 rounds
- **Dec** **[Taifang Technology](https://millionrounds.com/company/taifang-technology)** Venture **Undisclosed** Sole investor
- **Nov** **[DeepRoute.ai](https://millionrounds.com/company/deeproute-ai)** Growth · CN · TechCrunch **$100M** With 3 others
- **Nov** **[Neuracle](https://millionrounds.com/company/neuracle)** Venture **Undisclosed** With 3 others
- **Jun** **[SmartMore Corporation Limited](https://millionrounds.com/company/smartmore-corporation-limited)** Venture **Undisclosed** With 3 others
- **Jun** **[Jiangxing Intelligence](https://millionrounds.com/company/jiangxing-intelligence)** Venture **Undisclosed** With 2 others
- **May** **[X-Times](https://millionrounds.com/company/x-times)** Venture **Undisclosed** With 5 others
- **Apr** **[CYGNUSEMI](https://millionrounds.com/company/cygnusemi)** Series B **$69M** With 3 others
- **Apr** **[RealAI](https://millionrounds.com/company/realai)** Venture **Undisclosed** With 3 others
- **Apr** **[DJEL](https://millionrounds.com/company/djel)** Venture **Undisclosed** With 1 other
- **Apr** **[Tiantianxuenong](https://millionrounds.com/company/tiantianxuenong)** Venture **Undisclosed** With 1 other
- **Jan** **[Biodep](https://millionrounds.com/company/biodep)** Venture **$14M** With 1 other
- **2023** 12 rounds
- **Sept** **[Youyun](https://millionrounds.com/company/youyun)** Series C **$28M** Sole investor
- **Sept** **[AutoCore](https://millionrounds.com/company/autocore)** Venture **Undisclosed** With 3 others
- **Jul** **[MindRank AI](https://millionrounds.com/company/mindrank-ai)** Series A **$23M** With 2 others
- **Jun** **[Boston Micro Fabrication](https://millionrounds.com/company/boston-micro-fabrication)** Series D · US **$22M** With 1 other

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 **8** 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 **2 in all**

**[VIPstore.com](https://millionrounds.com/company/vipstore-com)** Bought by [Macy's](https://millionrounds.com/fund/macy-s) **$15M** May 2012

**[VIPstore.com](https://millionrounds.com/company/vipstore-com)** Bought by [Macy's](https://millionrounds.com/fund/macy-s) **$15M** Jan 2012

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

## The cheque

Pre-seed Seed Series A

Median round joined **$14M** the round, not its cheque Alone, median **$3.0M**

Led 0 of 131 rounds **0%**

- **Sole investor:** 51 rounds
- **Last cheque:** Mar 2026
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Venture *41*
- Series A said *36*
- Series B said *26*
- Series C *8*
- Pre-seed said *8*
- Seed said *5*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [CICC](https://millionrounds.com/fund/cicc) 7
- [HSG](https://millionrounds.com/fund/hsg) 7
- [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) 7
- [Baidu Ventures](https://millionrounds.com/fund/baidu-ventures) 6
- [Huagai Capital](https://millionrounds.com/fund/huagai-capital) 6
- [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) 6

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## Who they invest alongside

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

[**CICC** Investment bank **7** rounds together](https://millionrounds.com/fund/cicc)[**HSG** VC firm **7** rounds together](https://millionrounds.com/fund/hsg)[**Hill House Capital** Family office **7** rounds together](https://millionrounds.com/fund/hill-house-capital)[**Baidu Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/baidu-ventures)[**Huagai Capital** Private equity **6** rounds together](https://millionrounds.com/fund/huagai-capital)[**Matrix Partners China** VC firm **6** rounds together](https://millionrounds.com/fund/matrix-partners-china-2)[**IDG Capital** Private equity **5** rounds together](https://millionrounds.com/fund/idg-capital)[**Shenzhen Capital Group Co.** Government **5** rounds together](https://millionrounds.com/fund/shenzhen-capital-group)[**ZhenFund** VC firm **5** rounds together](https://millionrounds.com/fund/zhenfund)[**5Y Capital** VC firm **4** rounds together](https://millionrounds.com/fund/5y-capital)[**Gaorong Capital** VC firm **4** rounds together](https://millionrounds.com/fund/gaorong-capital)[**Lilly Asia Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/lilly-asia-ventures)

## Recently backed

The latest companies Green Pine Capital put money into.

[**Yarbo** $29M · Mar 2026](https://millionrounds.com/company/yarbo)[**Ruimeng Semiconductor** $14M · Feb 2026](https://millionrounds.com/company/ruimeng-semiconductor)[**Hanyang Technology** Feb 2026](https://millionrounds.com/company/hanyang-technology)[**Aerofugia** $144M · Feb 2026](https://millionrounds.com/company/aerofugia)[**RobotMeta** $14M · Feb 2026](https://millionrounds.com/company/robotmeta)[**Qinhao Pharmaceutical** $43M · Jan 2026](https://millionrounds.com/company/qinhao-pharmaceutical)

## Quick answers about Green Pine Capital

### What does Green Pine Capital invest in?

Green Pine Capital invests most often at Venture and Series A (62% of the rounds on record), in sectors such as 数字科技, 精准医疗 and 创新材料.

### How active is Green Pine Capital?

131 investments on record, 13 of them in the last 12 months. The most recent was in Mar 2026.

### What has Green Pine Capital invested in recently?

Its most recent investments on record: Zhongke Fusion (Venture, Mar 2026), Yarbo (Venture, Mar 2026) and Ruimeng Semiconductor (Venture, Feb 2026).

### How big are Green Pine Capital's cheques?

The median round it joins is $14M.

### Does Green Pine Capital lead rounds?

Rarely, if at all: none of its 131 investments on record names it as the lead.

### Is Green Pine Capital investing now?

Yes: it is actively investing, with 13 investments in the last 12 months.

### Who does Green Pine Capital invest alongside?

Most often CICC (7 rounds together), HSG (7 rounds together) and Hill House Capital (7 rounds together).

### What kind of investor is Green Pine Capital?

Green Pine Capital is a VC firm based in Shenzhen, China.

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