Hong Kong SAR China · Investor

HSG

Last cheque observed Oct 2026; 498 cheques on record.

Email

Deploying nowVC firmWebsite unconfirmed

SeedGrowthBuyoutTechnologyHealthcareConsumer

Deploying now
62%of best year68cheques in 12 months, 498 on record
Since the last cheque23days00hrs00min00sec
Median round$31MRounds led3 of 498Sole investor82 roundsExits1 from the portfolioMostly inUnited States, 39%
Pitch HSG

HSG highlights

  1. 01

    68 cheques in the last 12 months

  2. 02

    Mostly Venture and Series B: 57% of its rounds

  3. 03

    Sole investor in 82 rounds, median $9.1M

  4. 04

    1 exits from the portfolio

What they do

Type
VC firm
Cheque size
Not stated
Stages
SeedGrowthBuyout
Sectors
TechnologyHealthcareConsumer
Based in
Doral, Hong Kong SAR China
Cold pitches
Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. Tell us the right one.

The record

Every round we can evidence, newest first498 appearances

  1. 2026

    45 rounds

  2. Oct
    Manus / Butterfly EffectGrowth · SG · Firms' own news pages$500MWith 5 others
  3. Sept
    Anew LabsCN · TechStartups$290MLed
  4. Sept
    TabbySeries F · SA · Wamda$233MWith 3 others
  5. Sept
    SurfAce CleantechPre-seed · CH$307KSole investor
  6. Sept
    KrakenVenture · GB$100MWith 3 others
  7. Jul
    Flova TechPre-seed · SG$80MWith 2 others
  8. Jul
    MiniMaxSG$1.2BWith 3 others
  9. Jul
    Oxford Science EnterprisesVenture · GB$19MWith 2 others
  10. Jul
    Hill ResearchVenture · USUndisclosedWith 1 other
  11. Jul
    Meshy AISeries B · US$400MWith 3 others
  12. Jun
    MainFunc (GenSpark)Series B · US$100MWith 4 others
  13. Jun
    ModernaGrant · US$50MWith 3 others
  14. Jun
    CanvaGrowth · AU$25MWith 4 others
  15. May
    ROBOTERACN · Ventureburn$200MWith 9 others
  16. May
    AirwallexGrowth · SG$320MWith 3 others
  17. May
    ArriVentUS$250MWith 4 others
  18. May
    OuterVenture · US$8.0MWith 3 others
  19. Apr
    Creao AISeed · US$10MWith 2 others
  20. Mar
    DifyPre-seed · US · Ventureburn$30MLed
  21. Mar
    KASTSeries C · KY · QED Investors$80MWith 4 others
  22. Mar
    Eight SleepSeries C · US · Crunchbase News$50MWith 8 others
  23. Mar
    HT AeroVenture$200MWith 4 others
  24. Mar
    Excalipoint TherapeticsSeed · HK$28MWith 3 others
  25. Mar
    Deep Intelligent PharmaVenture · SG$40MWith 3 others
  26. Mar
    Weiguang DianliangSeed$14MWith 3 others
  27. Mar
    SIGMASSeed · US$1.0MWith 1 other
  28. Mar
    Floatboat AISeed · HK$2.0MSole investor
  29. Mar
    CODE 27Pre-seed · US$10MWith 2 others
  30. Feb
    Zhiran MedicalSeries A$43MWith 3 others
  31. Feb
    iSpace ChinaSeries D$728MWith 3 others
  32. Feb
    MYXVenture · SGUndisclosedWith 5 others
  33. Feb
    QuantX BiosciencesSeries B · US$85MWith 3 others
  34. Feb
    Lingxin QiaoshouSeries B$217MWith 3 others
  35. Feb
    Renxin TechnologyVentureUndisclosedSole investor
  36. Jan
    DealismSG · Contxto$15MWith 2 others
  37. Jan
    X Square RobotSeries A · CN · TechNode$140MWith 5 others
  38. Jan
    Huaxuan SensingVentureUndisclosedSole investor
  39. Jan
    MindverseSeed · SG$20MWith 3 others
  40. Jan
    Yinghansi Power TechnologySeries A$14MWith 1 other
  41. Jan
    Gongye TechnologyVentureUndisclosedWith 2 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

Named by the firm itself, on a filing, its Form ADV or its company registration8 named

ACAlaina Catherine DanleyDirector of Hongshan Capital Advisors LimitediForm ADV
DWDon Wayne EbanksDirector of Hongshan Capital Advisors LimitediForm ADV
ESEva Siu Wai IpCFO & Director of Hongshan Capital Advisors (Hong Kong) LimitediForm ADV
KZKui ZhouDirector of Beijing Hongshan Advisors Consulting LimitediForm ADV
LZLianqing ZhangHead of Legal of Hongshan Capital Advisors LimitediForm ADV
MYMimi YangCCO of Hongshan Capital Advisors (Hong Kong) LimitediForm ADV
NPNan Peng ShenDirector of Hongshan Capital Advisors LimitediForm ADV
QSQian SunDirector of Hongshan Capital Advisors (Hong Kong) LimitediForm ADV

We also hold 6 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.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$70Bgross assets of its funds, 2 advisers combinedOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Hongshan Capital Advisors Limited
SEC number
CRD 161562

Exits from the portfolio

Companies it backed that were later bought or listed1 in all

MoboTapBought by ChangYou$91MJul 2014

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

Who they invest alongside

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

IDG CapitalPrivate equity58rounds togetherSequoia CapitalVC firm38rounds togetherZhenFundVC firm35rounds togetherTengxun TouziVC firm32rounds togetherHill House CapitalFamily office29rounds togetherMatrix Partners ChinaVC firm29rounds togetherGaorong CapitalVC firm27rounds togetherQiming Venture PartnersVC firm26rounds together5Y CapitalVC firm22rounds togetherSource Code CapitalVC firm22rounds togetherShenzhen Capital Group Co.Government21rounds togetherGSRVC firm17rounds together

Recently backed

The latest companies HSG put money into.

Tabby$233M · Sept 2026SurfAce Cleantech$307K · Sept 2026Kraken$100M · Sept 2026Flova Tech$80M · Jul 2026Oxford Science Enterprises$19M · Jul 2026Hill ResearchJul 2026

Quick answers about HSG

What does HSG invest in?

HSG invests most often at Venture and Series B (57% of the rounds on record), in sectors such as Technology, Healthcare and Consumer.

How active is HSG?

498 investments on record, 68 of them in the last 12 months, and it led 3. The most recent was in Oct 2026.

What has HSG invested in recently?

Its most recent investments on record: Manus / Butterfly Effect (Growth, Oct 2026), Anew Labs (Undisclosed round, Sept 2026) and Tabby (Series F, Sept 2026).

How big are HSG's cheques?

The median round it joins is $31M.

Does HSG lead rounds?

Sometimes: it led 3 of its 498 investments on record (1%).

Where does HSG invest?

Most of the companies it backs are in the United States (39%), Singapore (26%) and China (10%).

Is HSG investing now?

Yes: it is actively investing, with 68 investments in the last 12 months.

Who does HSG invest alongside?

Most often IDG Capital (58 rounds together), Sequoia Capital (38 rounds together) and ZhenFund (35 rounds together).

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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