# Ivy Capital: portfolio, investments and team

> Ivy Capital is a hedge fund based in China. 9 investments on record, 1 in the last 12 months, latest Jul 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/ivy-capital-2 (Millionrounds; every figure on the page links to its filing or article)

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

# Ivy Capital

Last cheque observed Jul 2026; 9 cheques on record.

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Deploying now New fund $19M, Jan 2012 Hedge fund

Series C Series A Venture Artificial Intelligence Scheduling Financial Services

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Deploying now

**100%** of best year **1** **cheques in 12 months**, 9 on record

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

Median round **$249M** Rounds led **0 of 9** Exits **1 from the portfolio** Mostly in **China, 50%**

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## Ivy Capital highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series C and Series A: 67% of its rounds
- 03 1 exits from the portfolio

## What they do

- **Type:** Hedge fund (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Artificial Intelligence Scheduling Financial Services
- **Based in:** Shanghai, China
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **9 appearances**

- **2026** 1 round
- **Jul** **[PixVerse](https://millionrounds.com/company/pixverse)** Series C · SG · TechCrunch **$439M** With 9 others
- **2017** 1 round
- **Feb** **[Aztuche](https://millionrounds.com/company/aztuche)** Series C · CN · Marbridgeconsulting **$58M** With 5 others
- **2015** 1 round
- **Nov** **[Atzuche](https://millionrounds.com/company/atzuche)** Series B · CN **$47M** With 4 others
- **2014** 1 round
- **Jan** **[Vobile](https://millionrounds.com/company/vobile)** Series C · US **$9.0M** With 2 others
- **2011** 2 rounds
- **Nov** **[Pivot Medical](https://millionrounds.com/company/pivot-medical)** Series C · US · finsmes.com **$32M** With 3 others
- **Jun** **[Anyang Phoenix Photovoltaic Technology](https://millionrounds.com/company/anyang-phoenix-photovoltaic-technology)** Venture **Undisclosed** With 2 others
- **2009** 1 round
- **May** **[800APP](https://millionrounds.com/company/800app)** Venture · CN · findarticles.com **$17M** With 1 other
- **2008** 1 round
- **Jan** **[800APP](https://millionrounds.com/company/800app)** Series A · CN **$17M** With 1 other
- **2007** 1 round
- **Jun** **[Gentis](https://millionrounds.com/company/gentis)** Series A · US · venturebeat.com **$10M** With 3 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 registration **2 named**

DL **Doron Linz** Managing Member of Ivy Advisors, LLC i Filing they signed

WL **Warren Linz** Member of Ivy Advisors, LLC i Filing they signed

We also hold **9** 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 **1 in all**

**[Pivot Medical](https://millionrounds.com/company/pivot-medical)** Bought by Stryker Corporation **Undisclosed** Jan 2014

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

New fund on file

**$19M**

raised in Jan 2012

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Series C Series A Venture

Median round joined **$249M** the round, not its cheque

Led 0 of 9 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Jul 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series C *4*
- Series A *2*
- Venture *2*
- Series B *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [China Pacific Insurance](https://millionrounds.com/fund/china-pacific-insurance) 2
- [Sierra Ventures](https://millionrounds.com/fund/sierra-ventures) 2

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## Who they invest alongside

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

[**China Pacific Insurance** Corporate VC **2** rounds together](https://millionrounds.com/fund/china-pacific-insurance)[**Sierra Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/sierra-ventures)

## Recently backed

The latest companies Ivy Capital put money into.

[**PixVerse** $439M · Jul 2026](https://millionrounds.com/company/pixverse)

## Quick answers about Ivy Capital

### What does Ivy Capital invest in?

Ivy Capital invests most often at Series C and Series A (67% of the rounds on record), in sectors such as Artificial Intelligence, Scheduling and Financial Services.

### How active is Ivy Capital?

9 investments on record, 1 of them in the last 12 months. The most recent was in Jul 2026.

### What has Ivy Capital invested in recently?

Its most recent investments on record: PixVerse (Series C, Jul 2026) and Aztuche (Series C, Feb 2017).

### How big are Ivy Capital's cheques?

The median round it joins is $249M.

### Does Ivy Capital lead rounds?

Rarely, if at all: none of its 9 investments on record names it as the lead.

### Where does Ivy Capital invest?

Most of the companies it backs are in China (50%), the United States (38%) and Singapore (13%).

### Is Ivy Capital investing now?

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

### Who does Ivy Capital invest alongside?

Most often China Pacific Insurance (2 rounds together) and Sierra Ventures (2 rounds together).

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