What does HongShan invest in?
HongShan invests most often at Pre-seed and Seed (50% of the rounds on record).
Last cheque observed Jul 2026; 5 cheques on record.
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1 cheques in the last 12 months
Mostly Pre-seed and Seed: 50% of its rounds
Led 2 rounds
Every round we can evidence, newest first5 appearances
1 round
4 rounds
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.
Who backs their funds
The institutions that put money into its funds, which the firm then invests in companies.Source: the pension's own report, latest Jun 2025.
| Fund | Vintage | Committed |
|---|---|---|
| HongShan China Expansion I | 2022 | $135M |
| HongShan China Growth VII | 2022 | $125M |
| HongShan China Venture IX | 2022 | $30M |
| HongShan China Seed III | 2022 | $17M |
| HongShan China Growth VI | 2020 | $121M |
| HongShan GGF III China Annex | 2020 | $105M |
| HongShan China Venture VIII | 2020 | $10M |
| HongShan China Seed II | 2020 | $5.3M |
and 3 more
The latest companies HongShan put money into.
HongShan invests most often at Pre-seed and Seed (50% of the rounds on record).
5 investments on record, 1 of them in the last 12 months, and it led 2. The most recent was in Jul 2026.
Its most recent investments on record: Marvel-Tech (Series C, Jul 2026), X Square Robot (Sept 2025) and EngineAI (Series A, Jul 2025).
The median round it joins is $103M.
Yes: it led 2 of its 5 investments on record (40%).
Most of the companies it backs are in China (60%) and the United States (40%).
Yes: it is actively investing, with 1 investments in the last 12 months.
HongShan is a VC firm.
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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it