# Sinovation Ventures: portfolio, investments and team > Sinovation Ventures is a vc firm based in China. 160 investments on record, 6 in the last 12 months, latest May 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/sinovation-ventures (Millionrounds; every figure on the page links to its filing or article) China · [Investor](https://millionrounds.com/investors) # Sinovation Ventures Last cheque observed May 2026; 160 cheques on record. Email Deploying now New fund $203M, Nov 2022 VC firm Pre-seed Seed Series A AI & Machine Learning Climate & Impact Finance & Crypto Follow Sinovation Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fsinovation-ventures) Deploying now **40%** of best year **6** **cheques in 12 months**, 160 on record Since the last cheque **183** days **00** hrs **00** min **00** sec Median round **$14M** Rounds led **0 of 160** Sole investor **43 rounds** Exits **1 from the portfolio** Mostly in **United States, 56%** Pitch Sinovation Ventures ## Sinovation Ventures highlights - 01 6 cheques in the last 12 months - 02 Mostly Series A and Series B: 50% of its rounds - 03 Sole investor in 43 rounds, median $3.1M - 04 1 exits from the portfolio ## What they do > The homepage text only shows navigation links and configuration data; no description of the organisation is provided. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Pre-seed Seed Series A Series B Growth - **Sectors:** AI & Machine Learning Climate & Impact Finance & Crypto - **Based in:** Beijing, China - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **160 appearances** - **2026** 2 rounds - **May** **[Whisker Labs](https://millionrounds.com/company/whisker-labs)** Series D · US **$6.6M** With 2 others - **Mar** **[Heranova Lifesciences](https://millionrounds.com/company/heranova-lifesciences)** Venture · US **Undisclosed** Sole investor - **2025** 13 rounds - **Dec** **[Fresco](https://millionrounds.com/company/fresco)** Series C · IE · Ventureburn **$17M** With 10 others - **Dec** **[ChemLex](https://millionrounds.com/company/chemlex)** Series A · SG · Ventureburn **$45M** With 2 others - **Dec** **[Zongwei Automation](https://millionrounds.com/company/zongwei-automation)** Venture **Undisclosed** With 1 other - **Dec** **[Syneron](https://millionrounds.com/company/syneron)** Series A **$100M** With 2 others - **Sept** **[BasePoint Origin](https://millionrounds.com/company/basepoint-origin)** Pre-seed **$14M** With 3 others - **Aug** **[Libo Biotech](https://millionrounds.com/company/libo-biotech)** Seed **$14M** Sole investor - **Aug** **[Ruishi Technology](https://millionrounds.com/company/ruishi-technology)** Venture **Undisclosed** With 1 other - **Aug** **[Li Krypton Technology](https://millionrounds.com/company/li-krypton-technology)** Venture **Undisclosed** With 1 other - **Jul** **[Liangping Bio](https://millionrounds.com/company/liangping-bio)** Venture **Undisclosed** Sole investor - **Jun** **[SiliconFlow](https://millionrounds.com/company/siliconflow)** Venture · SG **Undisclosed** With 1 other - **Jun** **[Whisker Labs](https://millionrounds.com/company/whisker-labs)** Debt · US **$15M** With 2 others - **May** **[Chengrui Power Technology](https://millionrounds.com/company/chengrui-power-technology)** Series B · CN · Sinovation Ventures **Undisclosed** With 2 others - **Jan** **[Swivl](https://millionrounds.com/company/swivl)** Venture · US **Undisclosed** With 1 other - **2024** 14 rounds - **Dec** **[Reforgene Medicine](https://millionrounds.com/company/reforgene-medicine)** Venture **Undisclosed** With 1 other - **Dec** **[Kaymbu](https://millionrounds.com/company/kaymbu)** Venture · US **Undisclosed** With 2 others - **Oct** **[Anage Technology](https://millionrounds.com/company/anage-technology)** Series A **$1.4M** Sole investor - **Sept** **[HPC-AI Technology](https://millionrounds.com/company/hpc-ai-technology)** Series A · SG **$50M** With 3 others - **Sept** **[Hope Medicine](https://millionrounds.com/company/hope-medicine)** Series B **$19M** With 2 others - **Aug** **[Pelliot](https://millionrounds.com/company/pelliot)** Series B **$39M** With 2 others - **Aug** **[Guangjing Energy](https://millionrounds.com/company/guangjing-energy)** Series A **$18M** With 2 others - **Jul** **[Yirijian Group](https://millionrounds.com/company/yirijian-group)** Venture **$14M** Sole investor - **May** **[UDEER.AI](https://millionrounds.com/company/udeer-ai)** Seed **$14M** With 2 others - **Apr** **[Kalman Navigation](https://millionrounds.com/company/kalman-navigation)** Series C **$14M** Sole investor - **Apr** **[Luban Daojia](https://millionrounds.com/company/luban-daojia)** Venture **Undisclosed** Sole investor - **Mar** **[Sino-Biocan](https://millionrounds.com/company/sino-biocan)** Series B **$14M** With 1 other - **Mar** **[MetaCene](https://millionrounds.com/company/metacene)** Series A · SG **$10M** With 3 others - **Jan** **[Dongpin Zaixian](https://millionrounds.com/company/dongpin-zaixian)** Series C **$14M** With 1 other - **2023** 14 rounds - **Dec** **[Voilà For Influencers](https://millionrounds.com/company/voila-for-influencers)** Venture **$12M** With 3 others - **Dec** **[Heranova Lifesciences](https://millionrounds.com/company/heranova-lifesciences)** Seed · US **$3.5M** Sole investor - **Dec** **[Voilae For Influencers](https://millionrounds.com/company/voilae-for-influencers)** Venture · US **$12M** With 2 others - **Oct** **[Sermatec](https://millionrounds.com/company/sermatec)** Venture **Undisclosed** With 2 others - **Oct** **[WorkMagic](https://millionrounds.com/company/workmagic)** Seed · US **$2.0M** Sole investor - **Aug** **[ClassWallet](https://millionrounds.com/company/classwallet)** Growth · US **$95M** With 4 others - **Jun** **[Zendure](https://millionrounds.com/company/zendure)** Series A · DE **$14M** With 1 other - **Jun** **[Fero Labs](https://millionrounds.com/company/fero-labs)** Series B · US **$15M** With 3 others - **Apr** **[Photon Crystal Energy](https://millionrounds.com/company/photon-crystal-energy)** Angel · CN · Sinovation Ventures **$4.4M** With 2 others - **Mar** **[ImbaTV](https://millionrounds.com/company/imbatv)** Venture **Undisclosed** With 4 others - **Mar** **[Lanzhou Technology](https://millionrounds.com/company/lanzhou-technology)** Venture **Undisclosed** With 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 registration **12 named** CL **Christine Lang** Executive Officer i Filing they signed CE **Christoforos Evdaimon** Executive Officer i Filing they signed CL **Chunhui Lang** Executive Officer i Filing they signed EZ **Eagle Zhang** Executive Officer i Filing they signed HW **Hua Wang** Director of the General Partner of the General Partner i Filing they signed KW **Kai Wu** Executive Officer i Filing they signed KL **Kai-Fu Lee** Director of the General Partner of the General Partner i Filing they signed LL **Lei Liang** Director of General Partner i Filing they signed LZ **Lijun Zhang** Executive Officer i Filing they signed NT **Ning Tao** Executive Officer i Filing they signed XY **Xiaolong Yang** Director of General Partner i Filing they signed YZ **Ying Zhang** Executive Officer i Filing they signed We also hold **27** 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** **[Distill](https://millionrounds.com/company/distill)** Bought by [Gild](https://millionrounds.com/fund/gild) **Undisclosed** Mar 2014 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **$203M** raised in Nov 2022 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Pre-seed Seed Series A Median round joined **$14M** the round, not its cheque Alone, median **$3.1M** Led 0 of 160 rounds **0%** - **Sole investor:** 43 rounds - **Last cheque:** May 2026 - **Exits:** 1 from the portfolio Rounds by stage said on their site - Series A said *40* - Series B said *37* - Venture *33* - Seed said *16* - Pre-seed said *15* - Series C *12* - Growth said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [ZhenFund](https://millionrounds.com/fund/zhenfund) 11 - [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) 8 - [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) 8 - [HSG](https://millionrounds.com/fund/hsg) 6 - [Y Combinator](https://millionrounds.com/fund/y-combinator) 6 - [Saif Partners](https://millionrounds.com/fund/saif-partners) 5 **Pitching Sinovation Ventures?** 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 Sinovation Ventures. A count of rooms they were both in, not a relationship either has claimed. [**ZhenFund** VC firm **11** rounds together](https://millionrounds.com/fund/zhenfund)[**Qiming Venture Partners** VC firm **8** rounds together](https://millionrounds.com/fund/qiming-venture-partners)[**Shunwei Capital** VC firm **8** rounds together](https://millionrounds.com/fund/shunwei-capital)[**HSG** VC firm **6** rounds together](https://millionrounds.com/fund/hsg)[**Y Combinator** Accelerator **6** rounds together](https://millionrounds.com/fund/y-combinator)[**Saif Partners** Private equity **5** rounds together](https://millionrounds.com/fund/saif-partners)[**Vision Plus Capital** VC firm **5** rounds together](https://millionrounds.com/fund/vision-plus-capital-2)[**Baidu Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/baidu-ventures)[**Innovation Works** Government **4** rounds together](https://millionrounds.com/fund/innovation-works)[**Lilly Asia Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/lilly-asia-ventures)[**Matrix Partners China** VC firm **4** rounds together](https://millionrounds.com/fund/matrix-partners-china-2)[**Puhua Capital** VC firm **4** rounds together](https://millionrounds.com/fund/puhua-capital) ## Recently backed The latest companies Sinovation Ventures put money into. [**Whisker Labs** $6.6M · May 2026](https://millionrounds.com/company/whisker-labs)[**Heranova Lifesciences** Mar 2026](https://millionrounds.com/company/heranova-lifesciences)[**Fresco** $17M · Dec 2025](https://millionrounds.com/company/fresco)[**ChemLex** $45M · Dec 2025](https://millionrounds.com/company/chemlex)[**Ruishi Technology** Aug 2025](https://millionrounds.com/company/ruishi-technology)[**SiliconFlow** Jun 2025](https://millionrounds.com/company/siliconflow) ## Quick answers about Sinovation Ventures ### What does Sinovation Ventures invest in? Sinovation Ventures invests most often at Series A and Series B (50% of the rounds on record), in sectors such as AI & Machine Learning, Climate & Impact and Finance & Crypto. ### How active is Sinovation Ventures? 160 investments on record, 6 of them in the last 12 months. The most recent was in May 2026. ### What has Sinovation Ventures invested in recently? Its most recent investments on record: Whisker Labs (Series D, May 2026), Heranova Lifesciences (Venture, Mar 2026) and Fresco (Series C, Dec 2025). ### How big are Sinovation Ventures's cheques? The median round it joins is $14M. ### Does Sinovation Ventures lead rounds? Rarely, if at all: none of its 160 investments on record names it as the lead. ### Where does Sinovation Ventures invest? Most of the companies it backs are in the United States (56%), Singapore (22%) and China (11%). ### Is Sinovation Ventures investing now? Yes: it is actively investing, with 6 investments in the last 12 months. ### Who does Sinovation Ventures invest alongside? Most often ZhenFund (11 rounds together), Qiming Venture Partners (8 rounds together) and Shunwei Capital (8 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. 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