# HongShan: portfolio, investments and team

> HongShan is a vc firm. 5 investments on record, 1 in the last 12 months, latest Jul 2026. Portfolio, stages, co-investors and team.

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

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

# HongShan

Last cheque observed Jul 2026; 5 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed Series A

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Deploying now

**25%** of best year **1** **cheques in 12 months**, 5 on record

Since the last cheque **110** days **00** hrs **00** min **00** sec

Median round **$103M** Rounds led **2 of 5** Mostly in **China, 60%**

Pitch HongShan

## HongShan highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Pre-seed and Seed: 50% of its rounds
- 03 Led 2 rounds

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **5 appearances**

- **2026** 1 round
- **Jul** **[Marvel-Tech](https://millionrounds.com/company/marvel-tech)** Series C · CN · Firms' own news pages **Undisclosed** *Led*
- **2025** 4 rounds
- **Sept** **[X Square Robot](https://millionrounds.com/company/x-square-robot)** CN · TechStartups **$100M** With 5 others
- **Jul** **[EngineAI](https://millionrounds.com/company/engineai)** Series A · CN · TechStartups **$139M** With 10 others
- **Jul** **[Genesis AI](https://millionrounds.com/company/genesis-ai)** Seed · US · TechCrunch **$105M** With 7 others
- **May** **[Donut Labs](https://millionrounds.com/company/donut-labs)** Pre-seed · US · TechStartups **$7.0M** *Led*

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

## 1 LP on record in HongShan's funds

- **Committed:** $573M
- **Funds:** 11
- **Vintages:** 2018 to 2022

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Jun 2025.

- [**Regents of the University of California** 11 funds *$573M*](https://millionrounds.com/fund/regents-of-the-university-of-california) 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 cheque

Pre-seed Seed Series A

Median round joined **$103M** the round, not its cheque

Led 2 of 5 rounds **40%**

- **Sole investor:** Never alone
- **Last cheque:** Jul 2026

Rounds by stage said on their site

- Pre-seed *1*
- Seed *1*
- Series A *1*
- Series C *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

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## Recently backed

The latest companies HongShan put money into.

[**EngineAI** $139M · Jul 2025](https://millionrounds.com/company/engineai)[**Genesis AI** $105M · Jul 2025](https://millionrounds.com/company/genesis-ai)[**Donut Labs** $7.0M · May 2025](https://millionrounds.com/company/donut-labs)

## Quick answers about HongShan

### What does HongShan invest in?

HongShan invests most often at Pre-seed and Seed (50% of the rounds on record).

### How active is HongShan?

5 investments on record, 1 of them in the last 12 months, and it led 2. The most recent was in Jul 2026.

### What has HongShan invested in recently?

Its most recent investments on record: Marvel-Tech (Series C, Jul 2026), X Square Robot (Sept 2025) and EngineAI (Series A, Jul 2025).

### How big are HongShan's cheques?

The median round it joins is $103M.

### Does HongShan lead rounds?

Yes: it led 2 of its 5 investments on record (40%).

### Where does HongShan invest?

Most of the companies it backs are in China (60%) and the United States (40%).

### Is HongShan investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### What kind of investor is HongShan?

HongShan is a VC firm.

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