China · Investor

IDG Capital

Last cheque observed Oct 2026; 504 cheques on record.

Deploying nowNew fund $74M, May 2022Private equity

Pre-seedSeedSeries BVenture Capital & Private Equity

Deploying now
91%of best year59cheques in 12 months, 504 on record
Since the last cheque1days00hrs00min00sec
Median round$25MRounds led8 of 504Sole investor135 roundsExits6 from the portfolioMostly inUnited States, 40%
Pitch IDG Capital

IDG Capital highlights

  1. 01

    59 cheques in the last 12 months

  2. 02

    Mostly Venture and Series A: 52% of its rounds

  3. 03

    Sole investor in 135 rounds, median $7.3M

  4. 04

    6 exits from the portfolio

What they do

31+ years of global investing across venture capital, private equity, M&A, secondaries and public marketsFrom their own website
Type
Private equity (from a list, unverified)
Cheque size
Up to $100M as they say
Stages
Pre-seedSeedSeries BGrowthPre-IPO
Sectors
Venture Capital & Private Equity
Based in
Beijing, China
Cold pitches
Not stated

The record

Every round we can evidence, newest first504 appearances

  1. 2026

    40 rounds

  2. Oct
    Archon RoboticsSeed · CN · Google News searchUndisclosedWith 6 others
  3. Oct
    PhotonPaySeries C · HK · Google News search$40MWith 4 others
  4. Oct
    InfiMakerPre-seed · CN · TechNodeUndisclosedWith 1 other
  5. Oct
  6. Oct
    DeepSeekSeries B · CN · Google News search$15BWith 36 others
  7. Sept
    Anew LabsCN · TechStartups$290MLed
  8. Sept
    PHYMISeed · CN · TechNode$100MLed
  9. Sept
    VibronixSeries B · US$15MWith 2 others
  10. Aug
  11. Aug
  12. Aug
    GIMSeries A · Ventureburn$20MWith 2 others
  13. Jul
    Flova TechPre-seed · SG$80MWith 2 others
  14. Jul
    MiniMaxSG$1.2BWith 3 others
  15. Jun
    Spot BiosystemsVenture · US$40MSole investor
  16. May
    ROBOTERACN · Ventureburn$200MWith 9 others
  17. May
    Circle Internet GroupUS · TechStartups$222MWith 12 others
  18. May
    DeepSeekCN · TechNode$7.4BWith 10 others
  19. May
    Catena LabsSeries A · US$30MWith 3 others
  20. May
    HivelloSeed · NL$6.8MWith 6 others
  21. May
    RokidCrowdfunding · US$4.0MWith 3 others
  22. Apr
    TransakVenture · USUndisclosedWith 3 others
  23. Mar
    AMI LabsFR · TechCrunch$1.0BWith 24 others
  24. Mar
    European TaxSeries B$41MSole investor
  25. Mar
    Evat MasterVenture$41MSole investor
  26. Mar
    Puyi BiotechSeries B$22MSole investor
  27. Mar
    RokidCrowdfunding · US$1.3MWith 1 other
  28. Mar
    Galaxy BotVenture$364MWith 3 others
  29. Mar
    Beijing Zhongban Digital CulturePre-seed$290KSole investor
  30. Mar
    HT AeroVenture$200MWith 4 others
  31. Feb
    CircuitUS · Ventureburn$30MWith 7 others
  32. Feb
    Ruien New EnergySeries A$43MSole investor
  33. Feb
    Zhiran MedicalSeries A$43MWith 3 others
  34. Feb
    Galaxea AISeries B$145MWith 2 others
  35. Feb
    NIO GeniTechSeries A$330MSole investor
  36. Feb
    KaiwujiVentureUndisclosedWith 1 other
  37. Jan
    BrainCoVenture · US$286MWith 3 others
  38. Jan
    Yuewei MedicalSeries B$14MSole investor
  39. Jan
    SentientVenture · USUndisclosedWith 5 others
  40. Jan
    Singerno MicroelectronicsVentureUndisclosedWith 1 other
  41. Jan
    United Solar PolysiliconDebt$460MWith 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

Named by the firm itself, on a filing, its Form ADV or its company registration6 named

CSChi Sing HoDirector of the General Partner of the General PartneriFiling they signed
CHChising HoDirector & CFOiForm ADV
JWJames W. BreyerDirector of GP of GPiFiling they signed
JHJohn Henry CullinaneDirectoriForm ADV
PJPatrick J. McGovernDirector of GP of GPiFiling they signed
QZQuan ZhouDirector of the General Partner of the General PartneriFiling they signed

We also hold 19 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

$6.8Bgross assets of its funds, 2 advisers combinedOct 2026
Exemptreporting adviserventure or small private funds
Legal name
IDG VC Management LTD.
SEC number
CRD 163297

Exits from the portfolio

Companies it backed that were later bought or listed6 in all

ZooxBought by Amazon$1.2BJun 2020
AlphaDraftBought by FanDuelUndisclosedSept 2015
FunzioBought by GREE$210MMay 2012
TudouBought by Youku$864MMar 2012
FriendsterBought by MOL Global$26MDec 2009
MobivoxBought by Sabse TechnologiesUndisclosedSept 2009

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 IDG Capital. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies IDG Capital put money into.

Quick answers about IDG Capital

What does IDG Capital invest in?

IDG Capital invests most often at Venture and Series A (52% of the rounds on record), in sectors such as Venture Capital & Private Equity.

How active is IDG Capital?

504 investments on record, 59 of them in the last 12 months, and it led 8. The most recent was in Oct 2026.

What has IDG Capital invested in recently?

Its most recent investments on record: Archon Robotics (Seed, Oct 2026), PhotonPay (Series C, Oct 2026) and InfiMaker (Pre-seed, Oct 2026).

How big are IDG Capital's cheques?

The median round it joins is $25M.

Does IDG Capital lead rounds?

Sometimes: it led 8 of its 504 investments on record (2%).

Where does IDG Capital invest?

Most of the companies it backs are in the United States (40%), China (36%) and Singapore (12%).

Is IDG Capital investing now?

Yes: it is actively investing, with 59 investments in the last 12 months.

Who does IDG Capital invest alongside?

Most often HSG (58 rounds together), Tengxun Touzi (35 rounds together) and Hill House Capital (30 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