Investor Lists

Hardware investors in China

Updated 7 November 2026

Firms observed backing a hardware company in China in the last two years, wherever the firm is based.

See all 38 →The top 25
38investors on the listNo change this week
283cheques in 12 months+9% against the market
$82Mmedian round they joined+931% against the market median
100%wrote a cheque in 12 months
32%have led a round

The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

  1. 1IDG CapitalDeploying nowPrivate equity · China504$25Mmedian roundOct 2026last seen
  2. 2HSGDeploying nowVC firm · Hong Kong SAR China498$31Mmedian roundOct 2026last seen
  3. 3Shenzhen Capital Group Co.Deploying nowGovernment · China449$16Mmedian roundOct 2026last seen
  4. 4Matrix Partners ChinaDeploying nowVC firm · United States295$16Mmedian roundNov 2026last seen
  5. 5Hill House CapitalDeploying nowFamily office · Singapore248$60Mmedian roundSept 2026last seen
  6. 6Gobi PartnersDeploying nowVC firm · Malaysia212$10Mmedian roundOct 2026last seen
  7. 7Kaitai CapitalDeploying nowVC firm · China77$14Mmedian roundOct 2026last seen
  8. 8Mirae AssetDeploying nowVC firm · United States14$53Mmedian roundSept 2026last seen
  9. 9MeituanDeploying nowCorporate VC · China6$150Mmedian roundOct 2026last seen
  10. 10CCB InternationalDeploying nowPrivate equity · Hong Kong SAR China3$100Mmedian roundNov 2026last seen
  11. 11CICC CapitalDeploying nowInvestment firm3$300Mmedian roundSept 2026last seen
  12. 12GalbotDeploying nowVC firm2$57Mmedian roundNov 2026last seen
  13. 13Hangzhou CapitalDeploying nowVC firm2$82Mmedian roundOct 2026last seen
  14. 14Jingming CapitalDeploying nowInvestment firm2$174Mmedian roundAug 2026last seen
  15. 15SenseTime Guoxiang CapitalDeploying nowVC firm2$15Mmedian roundOct 2026last seen
  16. 16Beijing Financial Holdings GroupDeploying nowGrowth equity · China1$145Mmedian roundApr 2026last seen
  17. 17F&G VentureDeploying nowVC firm · China1$75Mmedian roundSept 2026last seen
  18. 18Kunlun CapitalDeploying nowVC firm · China1-median roundOct 2026last seen
  19. 19SF GROUPDeploying nowInvestment firm · Netherlands1$200Mmedian roundMay 2026last seen
  20. 20Zhaoxi CapitalDeploying nowVC firm · China1$200Mmedian roundMay 2026last seen
  21. 21FourierDeploying nowVC firm1$15Mmedian roundOct 2026last seen
  22. 22Hefei State-owned Capital InvestmentDeploying nowGrowth equity1$400Mmedian roundSept 2026last seen
  23. 23Hillhouse VenturesDeploying nowVC firm1-median roundOct 2026last seen
  24. 24ICBC CapitalDeploying nowGrowth equity1$145Mmedian roundApr 2026last seen
  25. 25JianTou InvestmentDeploying nowGrowth equity1$150Mmedian roundOct 2026last seen
13 more on this list

All 38 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

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Quick answers about hardware investors in China

Who are the most active hardware investors in China?

By cheques observed, the most active are IDG Capital, HSG, Shenzhen Capital Group Co., Matrix Partners China and Hill House Capital.

How many hardware investors in China are there?

38 are on record. 100% made an investment in the last 12 months and 32% have led a round.

Which stages do hardware investors in China back?

Of the rounds with a named stage in the last 12 months, mostly Series B (24%) and Seed (19%).

How big are the rounds hardware investors in China join?

The typical (median) round among the leading investors here is $75M.

Which sectors do hardware investors in China back most?

In the last 12 months, mostly AI, Biotech and Hardware & Electronics.

Which hardware investors in China lead the most rounds?

IDG Capital (8 led), Gobi Partners (7 led) and HSG (3 led).

Where are hardware investors in China based?

Among the most active, most are based in China (8), Hong Kong SAR China (2) and the United States (2).

What have hardware investors in China invested in recently?

Recent rounds include Sand.ai (Series A, Nov 2026, with Matrix Partners China), GenRobot AI (Series A, Nov 2026, with CCB International) and Archon Robotics (Seed, Oct 2026, with IDG Capital).

Built from the rounds we watched, refreshed every night. How we count · Report a correction