# Linear Capital: portfolio, investments and team > Linear Capital is a vc firm based in China. 5 investments on record, 1 in the last 12 months, latest Jan 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/linear-capital (Millionrounds; every figure on the page links to its filing or article) China · [Investor](https://millionrounds.com/investors) # Linear Capital Last cheque observed Jan 2026; 5 cheques on record. Email VC firm Deploying now New fund $300M, Aug 2026 Seed Series A Series B Wearables Smart Clothes IoT Follow Linear Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Flinear-capital) Deploying now **50%** of best year **1** **cheques in 12 months**, 5 on record Since the last cheque **291** days **00** hrs **00** min **00** sec Median round **$69M** Cheque size, as they say **$1.0M – $10M** Rounds led **0 of 5** Mostly in **China, 40%** Pitch Linear Capital ## Linear Capital highlights - 01 1 cheques in the last 12 months - 02 Mostly Series B and Seed: 75% of its rounds ## What they do > Linear Capital is a Frontier Tech Fund... We typically lead investments from angel to Series A stages, with a standard commitment ranging from $1 million to $10 million per project. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** $1.0M – $10M as they say - **Stages:** Seed Series A Series B Growth - **Sectors:** Wearables Smart Clothes IoT - **Based in:** Beijing, China - **Cold pitches:** Not accepted ## The record Every round we can evidence, newest first **5 appearances** - **2026** 1 round - **Jan** **[Dealism](https://millionrounds.com/company/dealism)** SG · Contxto **$15M** With 2 others - **2025** 1 round - **Jul** **[TARS](https://millionrounds.com/company/tars)** Seed · CN · TechNode **$122M** With 9 others - **2015** 2 rounds - **Aug** **[Yogrt](https://millionrounds.com/company/yogrt)** Series A · ID **$3.0M** With 1 other - **May** **[FraudMetrix](https://millionrounds.com/company/fraudmetrix)** Series B · CN **$30M** With 4 others - **2014** 1 round - **Apr** **[Ayla Networks](https://millionrounds.com/company/ayla-networks)** Series B · US **$15M** With 6 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** BN **Bin N/A Li** Director of the General Partner i Filing they signed HN **Huai N/A Wang** Director, Chairman, CFO, and Secretary i Form ADV We also hold **13** 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 **$1.3B** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** Linear Venture, LTD. - **SEC number:** CRD 318471 ## What they claim to have backed From their own portfolio page (on their website) **0** of 1 we have independently watched raise Cdn Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. New fund on file **$300M** raised in Aug 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$69M** the round, not its cheque Led 0 of 5 rounds **0%** - **Said size:** $1.0M – $10M - **Sole investor:** Never alone - **Last cheque:** Jan 2026 Rounds by stage said on their site - Series B said *2* - Seed said *1* - Series A said *1* - Growth said *-* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) 2 - [Saif Partners](https://millionrounds.com/fund/saif-partners) 2 **Pitching Linear Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Linear Capital. A count of rooms they were both in, not a relationship either has claimed. [**Qiming Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/qiming-venture-partners)[**Saif Partners** Private equity **2** rounds together](https://millionrounds.com/fund/saif-partners) ## Recently backed The latest companies Linear Capital put money into. [**Dealism** $15M · Jan 2026](https://millionrounds.com/company/dealism) ## Quick answers about Linear Capital ### What does Linear Capital invest in? Linear Capital invests most often at Series B and Seed (75% of the rounds on record), in sectors such as Wearables, Smart Clothes and IoT. ### How active is Linear Capital? 5 investments on record, 1 of them in the last 12 months. The most recent was in Jan 2026. ### What has Linear Capital invested in recently? Its most recent investments on record: Dealism (Jan 2026) and TARS (Seed, Jul 2025). ### How big are Linear Capital's cheques? The median round it joins is $69M. It says it writes cheques of $1.0M to $10M. ### Does Linear Capital lead rounds? Rarely, if at all: none of its 5 investments on record names it as the lead. ### Where does Linear Capital invest? Most of the companies it backs are in China (40%), Singapore (20%) and Indonesia (20%). ### Is Linear Capital investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### Who does Linear Capital invest alongside? Most often Qiming Venture Partners (2 rounds together) and Saif Partners (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=linear-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=linear-capital)