# Yunqi Partners: portfolio, investments and team

> Yunqi Partners is a vc firm based in China. 101 investments on record, 6 in the last 12 months, latest Jun 2026. Portfolio, stages, co-investors and team.

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

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

# Yunqi Partners

Last cheque observed Jun 2026; 101 cheques on record.

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VC firm Deploying now Last fund $110M, Oct 2022

Seed AI Hardware

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Deploying now

**46%** of best year **6** **cheques in 12 months**, 101 on record

Since the last cheque **159** days **00** hrs **00** min **00** sec

Median round **$15M** Rounds led **0 of 101** Sole investor **26 rounds** Mostly in **United States, 33%**

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## Yunqi Partners highlights

- 01 6 cheques in the last 12 months
- 02 Mostly Series A and Venture: 59% of its rounds
- 03 Sole investor in 26 rounds, median $14M

## What they do

> Investment round: Angel round Translated from Chinese, from their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Seed
- **Sectors:** AI Hardware
- **Based in:** Shanghai, China
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **101 appearances**

- **2026** 5 rounds
- **Jun** **[NoonWake.AI](https://millionrounds.com/company/noonwake-ai)** Seed · HK **$1.5M** Sole investor
- **Apr** **[Creao AI](https://millionrounds.com/company/creao-ai)** Seed · US **$10M** With 2 others
- **Mar** **[ASPIRING](https://millionrounds.com/company/aspiring)** Venture **Undisclosed** Sole investor
- **Mar** **[Realman](https://millionrounds.com/company/realman)** Venture **$73M** Sole investor
- **Mar** **[Noetix Robotics](https://millionrounds.com/company/noetix-robotics)** Series B **$146M** With 3 others
- **2025** 11 rounds
- **Dec** **[Yushi Space](https://millionrounds.com/company/yushi-space)** Seed **$14M** Sole investor
- **Nov** **[HelloBoss](https://millionrounds.com/company/helloboss)** Venture · JP **Undisclosed** With 1 other
- **Nov** **[AiDriving](https://millionrounds.com/company/aidriving)** Venture **Undisclosed** Sole investor
- **Nov** **[Shenkepu Industry](https://millionrounds.com/company/shenkepu-industry)** Venture **Undisclosed** With 1 other
- **Aug** **[Green Voltis](https://millionrounds.com/company/green-voltis)** Venture · GB **Undisclosed** With 1 other
- **Aug** **[OnerWay](https://millionrounds.com/company/onerway)** Series A **$10M** Sole investor
- **Aug** **[Digift](https://millionrounds.com/company/digift)** Venture · SG **Undisclosed** With 2 others
- **Apr** **[Anlaiye](https://millionrounds.com/company/anlaiye)** Venture **Undisclosed** Sole investor
- **Apr** **[Keenon Robotics](https://millionrounds.com/company/keenon-robotics)** Venture **Undisclosed** With 4 others
- **Apr** **[AIPER](https://millionrounds.com/company/aiper)** Venture · BR **$100M** With 1 other
- **Mar** **[360 Finance](https://millionrounds.com/company/360-finance)** Debt **$600M** With 3 others
- **2024** 8 rounds
- **Nov** **[DeepRoute.ai](https://millionrounds.com/company/deeproute-ai)** Growth · CN · TechCrunch **$100M** With 3 others
- **Nov** **[TabbyML](https://millionrounds.com/company/tabbyml)** Seed · US **$4.0M** Sole investor
- **Nov** **[Hohem](https://millionrounds.com/company/hohem)** Series B **$14M** With 3 others
- **Oct** **[NingBo HS-Power Drive Technology](https://millionrounds.com/company/ningbo-hs-power-drive-technology)** Series A **$14M** Sole investor
- **Aug** **[WSPN](https://millionrounds.com/company/wspn)** Seed · SG **$30M** With 2 others
- **May** **[X-Times](https://millionrounds.com/company/x-times)** Venture **Undisclosed** With 5 others
- **Apr** **[Weidu Technology](https://millionrounds.com/company/weidu-technology)** Series B **$110M** With 3 others
- **Mar** **[Taiko Labs](https://millionrounds.com/company/taiko-labs)** Series A · KY **$15M** With 6 others
- **2023** 7 rounds
- **Dec** **[Endless Watts](https://millionrounds.com/company/endless-watts)** Pre-seed **$21M** With 2 others
- **Sept** **[Triastek](https://millionrounds.com/company/triastek)** Series C **$21M** With 1 other
- **Aug** **[Orthogonal](https://millionrounds.com/company/orthogonal)** Seed · US **$3.5M** Sole investor
- **Apr** **[Safeheron](https://millionrounds.com/company/safeheron)** Venture · SG **Undisclosed** With 1 other
- **Jan** **[PAM2L Biotechnologies](https://millionrounds.com/company/pam2l-biotechnologies)** Seed **$15M** With 1 other
- **Jan** **[MetaTrust Labs](https://millionrounds.com/company/metatrust-labs)** Seed · SG **$10M** With 3 others
- **Jan** **[One contract cloud](https://millionrounds.com/company/one-contract-cloud)** Series A **$10M** With 1 other
- **2022** 16 rounds
- **Nov** **[Juefx](https://millionrounds.com/company/juefx)** Venture **Undisclosed** Sole investor
- **Oct** **[RisingWave Labs](https://millionrounds.com/company/risingwave-labs)** Series A · US **$36M** Sole investor
- **Aug** **[Xiding Intelligent](https://millionrounds.com/company/xiding-intelligent)** Series A **$15M** With 1 other
- **Aug** **[Palline](https://millionrounds.com/company/palline)** Series A **$4.3M** With 1 other
- **Aug** **[Shenzhen Jijia](https://millionrounds.com/company/shenzhen-jijia)** Series A **$19M** With 1 other
- **Aug** **[Zilliz](https://millionrounds.com/company/zilliz)** Series B · US **$60M** With 2 others
- **Jul** **[NeuCloud](https://millionrounds.com/company/neucloud)** Venture **Undisclosed** Sole investor
- **Jul** **[Tianfu](https://millionrounds.com/company/tianfu)** Venture **Undisclosed** With 2 others
- **Jul** **[Huili Bio](https://millionrounds.com/company/huili-bio)** Series A **$45M** With 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 registration **2 named**

MP **Michael Pin Mao** Managing Director i Filing they signed

YP **Yi Pin Ng** Director of General Partner i Filing they signed

We also hold **5** 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.

Latest fund on file

**$110M**

raised in Oct 2022

From its SEC filing. Nothing newer is on file yet.

## The cheque

Seed

Median round joined **$15M** the round, not its cheque Alone, median **$14M**

Led 0 of 101 rounds **0%**

- **Sole investor:** 26 rounds
- **Last cheque:** Jun 2026

Rounds by stage said on their site

- Series A *33*
- Venture *22*
- Series B *15*
- Seed said *11*
- Series C *9*
- Pre-seed *4*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [GGV Capital](https://millionrounds.com/fund/ggv-capital) 9
- [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) 7
- [Legend Capital](https://millionrounds.com/fund/legend-capital) 5
- [ZhenFund](https://millionrounds.com/fund/zhenfund) 5
- [Gaorong Capital](https://millionrounds.com/fund/gaorong-capital) 4
- [HSG](https://millionrounds.com/fund/hsg) 4

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## Who they invest alongside

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

[**GGV Capital** VC firm **9** rounds together](https://millionrounds.com/fund/ggv-capital)[**Matrix Partners China** VC firm **7** rounds together](https://millionrounds.com/fund/matrix-partners-china-2)[**Legend Capital** VC firm **5** rounds together](https://millionrounds.com/fund/legend-capital)[**ZhenFund** VC firm **5** rounds together](https://millionrounds.com/fund/zhenfund)[**Gaorong Capital** VC firm **4** rounds together](https://millionrounds.com/fund/gaorong-capital)[**HSG** VC firm **4** rounds together](https://millionrounds.com/fund/hsg)[**IDG Capital** Private equity **4** rounds together](https://millionrounds.com/fund/idg-capital)[**Sinovation Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/sinovation-ventures)[**Source Code Capital** VC firm **4** rounds together](https://millionrounds.com/fund/source-code-capital)[**Y Combinator** Accelerator **4** rounds together](https://millionrounds.com/fund/y-combinator)[**BAI Capital** Investment firm **3** rounds together](https://millionrounds.com/fund/bai-capital-2)[**Fosun RZ Capital** VC firm **3** rounds together](https://millionrounds.com/fund/fosun-rz-capital)

## Recently backed

The latest companies Yunqi Partners put money into.

[**NoonWake.AI** $1.5M · Jun 2026](https://millionrounds.com/company/noonwake-ai)[**Creao AI** $10M · Apr 2026](https://millionrounds.com/company/creao-ai)[**AiDriving** Nov 2025](https://millionrounds.com/company/aidriving)[**Green Voltis** Aug 2025](https://millionrounds.com/company/green-voltis)[**OnerWay** $10M · Aug 2025](https://millionrounds.com/company/onerway)[**Digift** Aug 2025](https://millionrounds.com/company/digift)

## Quick answers about Yunqi Partners

### What does Yunqi Partners invest in?

Yunqi Partners invests most often at Series A and Venture (59% of the rounds on record), in sectors such as AI and Hardware.

### How active is Yunqi Partners?

101 investments on record, 6 of them in the last 12 months. The most recent was in Jun 2026.

### What has Yunqi Partners invested in recently?

Its most recent investments on record: NoonWake.AI (Seed, Jun 2026), Creao AI (Seed, Apr 2026) and ASPIRING (Venture, Mar 2026).

### How big are Yunqi Partners's cheques?

The median round it joins is $15M.

### Does Yunqi Partners lead rounds?

Rarely, if at all: none of its 101 investments on record names it as the lead.

### Where does Yunqi Partners invest?

Most of the companies it backs are in the United States (33%), Singapore (27%) and Hong Kong SAR China (7%).

### Is Yunqi Partners investing now?

Yes: it is actively investing, with 6 investments in the last 12 months.

### Who does Yunqi Partners invest alongside?

Most often GGV Capital (9 rounds together), Matrix Partners China (7 rounds together) and Legend Capital (5 rounds together).

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