# NetEase: portfolio, investments and team

> NetEase is a corporate vc based in Japan. 33 investments on record, 3 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

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

# NetEase

Last cheque observed Oct 2026; 33 cheques on record.

Email

Deploying now Corporate VC

Series B Seed Series A Advertising Gaming Mobile

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Deploying now

**60%** of best year **3** **cheques in 12 months**, 33 on record

Since the last cheque **23** days **00** hrs **00** min **00** sec

Median round **$30M** Rounds led **0 of 33** Sole investor **7 rounds** Exits **1 from the portfolio** Mostly in **United States, 38%**

Pitch NetEase

## NetEase highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Series B and Seed: 56% of its rounds
- 03 Sole investor in 7 rounds, median $7.0M
- 04 1 exits from the portfolio

## What they do

- **Type:** Corporate VC (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Advertising Gaming Mobile
- **Based in:** Hangzhou, Japan
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **33 appearances**

- **2026** 3 rounds
- **Oct** **[DeepSeek](https://millionrounds.com/company/deepseek)** Series B · CN · Google News search **$15B** With 36 others
- **May** **[DeepSeek](https://millionrounds.com/company/deepseek)** CN · TechNode **$7.4B** With 10 others
- **May** **[Mobvista](https://millionrounds.com/company/mobvista)** SG **$150M** With 1 other
- **2025** 2 rounds
- **Aug** **[MyDearest](https://millionrounds.com/company/mydearest)** Series C · JP **$1.2M** With 3 others
- **Feb** **[Maestro](https://millionrounds.com/company/maestro)** Seed · US **$3.0M** With 3 others
- **2024** 5 rounds
- **Dec** **[D-ZARD](https://millionrounds.com/company/d-zard)** Seed **$6.8M** Sole investor
- **Jul** **[Blue Scarab Entertainment](https://millionrounds.com/company/blue-scarab-entertainment)** Seed · SE **$7.0M** Sole investor
- **Jun** **[Aiva Technologies](https://millionrounds.com/company/aiva-technologies)** Series A · LU **$15M** With 1 other
- **Jan** **[Second Dinner Studios](https://millionrounds.com/company/second-dinner-studios)** Series B · US **$100M** With 1 other
- **Jan** **[Build A Rocket Boy](https://millionrounds.com/company/build-a-rocket-boy)** Series D · GB **$110M** With 3 others
- **2023** 4 rounds
- **Oct** **[Skylimit Entertainment Group](https://millionrounds.com/company/skylimit-entertainment-group)** Venture **Undisclosed** With 2 others
- **May** **[Vark](https://millionrounds.com/company/vark)** Series C · JP **$7.4M** With 4 others
- **Apr** **[CharacterBank](https://millionrounds.com/company/characterbank)** Series A · JP **$2.6M** With 2 others
- **Mar** **[Meta Fantasy](https://millionrounds.com/company/meta-fantasy)** Pre-seed · SG **$4.8M** Sole investor
- **2022** 10 rounds
- **Nov** **[PlayPulse](https://millionrounds.com/company/playpulse)** Venture · NO **Undisclosed** With 1 other
- **Oct** **[zhiwen](https://millionrounds.com/company/zhiwen)** Venture **$7.0M** With 1 other
- **Oct** **[Improbable](https://millionrounds.com/company/improbable)** Venture · GB **$100M** With 4 others
- **Sept** **[Theorycraft Games](https://millionrounds.com/company/theorycraft-games)** Series B · US **$50M** With 4 others
- **Sept** **[HaptX](https://millionrounds.com/company/haptx)** Series B · US **$23M** With 2 others
- **Aug** **[Something Wicked Games](https://millionrounds.com/company/something-wicked-games)** Seed · AU **$13M** Sole investor
- **May** **[Point One](https://millionrounds.com/company/pointone)** Series B **$37M** With 4 others
- **May** **[AccelByte](https://millionrounds.com/company/accelbyte)** Series B · US **$60M** With 3 others
- **May** **[Bud](https://millionrounds.com/company/bud)** Series B · GB **$37M** With 4 others
- **Mar** **[Lightforge Games](https://millionrounds.com/company/lightforge-games)** Series A · US **$15M** With 4 others
- **2021** 1 round
- **Sept** **[Kepler Interactive](https://millionrounds.com/company/kepler-interactive)** Venture · GB **$120M** Sole investor
- **2019** 3 rounds
- **Dec** **[HaptX](https://millionrounds.com/company/haptx)** US · TechCrunch **$12M** With 7 others
- **Nov** **[Bossa Studios](https://millionrounds.com/company/bossa-studios)** Series B · GB · Cnbc **$30M** With 2 others
- **Apr** **[Zhongshunyi Financial](https://millionrounds.com/company/zhongshunyi-financial)** Series A · CN · Sohu **$45M** With 3 others
- **2018** 1 round
- **Jul** **[Improbable](https://millionrounds.com/company/improbable)** GB · FinSMEs **$50M** Sole investor
- **2017** 2 rounds
- **Nov** **[Niantic](https://millionrounds.com/company/niantic)** Series B · US · TechCrunch **$200M** With 4 others
- **May** **[UploadVR](https://millionrounds.com/company/uploadvr)** Series A · US · TechCrunch **$4.5M** With 10 others
- **2016** 2 rounds
- **Dec** **[AxonVR](https://millionrounds.com/company/axonvr)** Seed · US · FinSMEs **$5.8M** Sole investor
- **Aug** **[NextVR](https://millionrounds.com/company/nextvr)** Series B · US · FinSMEs **$80M** With 22 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.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[NextVR](https://millionrounds.com/company/nextvr)** Bought by [Apple](https://millionrounds.com/fund/apple) **$100M** May 2020

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

## The cheque

Series B Seed Series A

Median round joined **$30M** the round, not its cheque Alone, median **$7.0M**

Led 0 of 33 rounds **0%**

- **Sole investor:** 7 rounds
- **Last cheque:** Oct 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series B *10*
- Seed *5*
- Series A *5*
- Venture *5*
- Series C *2*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Galaxy Interactive](https://millionrounds.com/fund/galaxy-interactive-2) 3
- [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) 3
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 2
- [CATL](https://millionrounds.com/fund/catl) 2
- [China's National Artificial Intelligence Industry Investment Fund](https://millionrounds.com/fund/china-s-national-artificial-intelligence-industry-investment) 2
- [Griffin Gaming Partners](https://millionrounds.com/fund/griffin-gaming-partners) 2

**Pitching NetEase?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**Galaxy Interactive** VC firm **3** rounds together](https://millionrounds.com/fund/galaxy-interactive-2)[**Tengxun Touzi** VC firm **3** rounds together](https://millionrounds.com/fund/tengxun-touzi)[**Andreessen Horowitz** VC firm **2** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**CATL** Investment firm **2** rounds together](https://millionrounds.com/fund/catl)[**China's National Artificial Intelligence Industry Investment Fund** Growth equity **2** rounds together](https://millionrounds.com/fund/china-s-national-artificial-intelligence-industry-investment)[**Griffin Gaming Partners** VC firm **2** rounds together](https://millionrounds.com/fund/griffin-gaming-partners)[**IDG Capital** Private equity **2** rounds together](https://millionrounds.com/fund/idg-capital)[**Keiretsu Capital** VC firm **2** rounds together](https://millionrounds.com/fund/keiretsu-capital)[**Makers Fund** VC firm **2** rounds together](https://millionrounds.com/fund/makers-fund)[**Mitsubishi UFJ Capital** VC firm **2** rounds together](https://millionrounds.com/fund/mitsubishi-ufj-capital-co-ltd)[**Monolith Management** Growth equity **2** rounds together](https://millionrounds.com/fund/monolith-management)[**National AI Industry Investment Fund** Growth equity **2** rounds together](https://millionrounds.com/fund/national-ai-industry-investment-fund)

## Recently backed

The latest companies NetEase put money into.

[**DeepSeek** $15B · Oct 2026](https://millionrounds.com/company/deepseek)[**Mobvista** $150M · May 2026](https://millionrounds.com/company/mobvista)[**MyDearest** $1.2M · Aug 2025](https://millionrounds.com/company/mydearest)[**Blue Scarab Entertainment** $7.0M · Jul 2024](https://millionrounds.com/company/blue-scarab-entertainment)[**Aiva Technologies** $15M · Jun 2024](https://millionrounds.com/company/aiva-technologies)[**Build A Rocket Boy** $110M · Jan 2024](https://millionrounds.com/company/build-a-rocket-boy)

## Quick answers about NetEase

### What does NetEase invest in?

NetEase invests most often at Series B and Seed (56% of the rounds on record), in sectors such as Advertising, Gaming and Mobile.

### How active is NetEase?

33 investments on record, 3 of them in the last 12 months. The most recent was in Oct 2026.

### What has NetEase invested in recently?

Its most recent investments on record: DeepSeek (Series B, Oct 2026), Mobvista (Undisclosed round, May 2026) and MyDearest (Series C, Aug 2025).

### How big are NetEase's cheques?

The median round it joins is $30M.

### Does NetEase lead rounds?

Rarely, if at all: none of its 33 investments on record names it as the lead.

### Where does NetEase invest?

Most of the companies it backs are in the United States (38%), the United Kingdom (21%) and China (10%).

### Is NetEase investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### Who does NetEase invest alongside?

Most often Galaxy Interactive (3 rounds together), Tengxun Touzi (3 rounds together) and Andreessen Horowitz (2 rounds together).

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