# Series A investors in China (2026 list)

> 64 series A investors in China, 92% active in the last 12 months. Led by Sequoia Capital, Benchmark, Tengxun Touzi. Ranked by what they funded.

Source: https://millionrounds.com/lists/series-a-investors-in-china (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Series A investors in China

Updated 7 November 2026

Firms we have watched take part in a Series A round raised by a company in China in the last two years, wherever the firm is based.

[See all 64 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fseries-a-investors-in-china)The top 25

**64** investors on the list *+23* this week

**698** cheques in 12 months *+14%* against the market

**$100M** median round they joined *+1150%* against the market median

**92%** wrote a cheque in 12 months

**44%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) *Deploying now* VC firm · United States **2,099** **$35M** median round **Nov 2026** last seen
- 2 [Benchmark](https://millionrounds.com/fund/benchmark) *Deploying now* VC firm · United States **587** **$30M** median round **Oct 2026** last seen
- 3 [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) *Deploying now* VC firm · China **553** **$50M** median round **Nov 2026** last seen
- 4 [HSG](https://millionrounds.com/fund/hsg) *Deploying now* VC firm · Hong Kong SAR China **498** **$31M** median round **Oct 2026** last seen
- 5 [Shenzhen Capital Group Co.](https://millionrounds.com/fund/shenzhen-capital-group) *Deploying now* Government · China **449** **$16M** median round **Oct 2026** last seen
- 6 [ZhenFund](https://millionrounds.com/fund/zhenfund) *Deploying now* VC firm · China **390** **$9.1M** median round **Oct 2026** last seen
- 7 [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) *Deploying now* VC firm · United States **295** **$16M** median round **Nov 2026** last seen
- 8 [Legend Capital](https://millionrounds.com/fund/legend-capital) *Deploying now* VC firm · China **288** **$26M** median round **Oct 2026** last seen
- 9 [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) *Deploying now* VC firm · China **288** **$15M** median round **Oct 2026** last seen
- 10 [Fortune Venture Capital](https://millionrounds.com/fund/fortune-capital) *Deploying now* VC firm · United States **147** **$15M** median round **Sept 2026** last seen
- 11 [Vivo Capital](https://millionrounds.com/fund/vivo-capital) *Deploying now* Private equity · United States **140** **$64M** median round **Sept 2026** last seen
- 12 [5Y Capital](https://millionrounds.com/fund/5y-capital) *Deploying now* VC firm · China **126** **$28M** median round **Oct 2026** last seen
- 13 [CAS Star](https://millionrounds.com/fund/cas-star) *Deploying now* VC firm · China **116** **$14M** median round **Nov 2026** last seen
- 14 [Baidu Ventures](https://millionrounds.com/fund/baidu-ventures) *Deploying now* VC firm · China **107** **$12M** median round **Jul 2026** last seen
- 15 [Highlight Capital](https://millionrounds.com/fund/highlight-capital) *Deploying now* VC firm · China **78** **$25M** median round **May 2026** last seen
- 16 [Baidu](https://millionrounds.com/fund/baidu) *Deploying now* Investment firm · China **72** **$36M** median round **Nov 2026** last seen
- 17 [GF Xinde Investment Management](https://millionrounds.com/fund/gf-xinde-investment-management) *Deploying now* VC firm · China **72** **$14M** median round **Jul 2026** last seen
- 18 [Sequoia Capital China](https://millionrounds.com/fund/sequoia-capital-china) *Deploying now* VC firm · China **34** **$60M** median round **Oct 2026** last seen
- 19 [jd.com](https://millionrounds.com/fund/jd-com) *Deploying now* Growth equity · China **28** **$200M** median round **May 2026** last seen
- 20 [Prosperity7 Ventures](https://millionrounds.com/fund/prosperity7-ventures) *Deploying now* Corporate VC · Saudi Arabia **17** **$110M** median round **Oct 2026** last seen
- 21 [YunFeng Capital](https://millionrounds.com/fund/yunfeng-capital) *Deploying now* Private equity **17** **$200M** median round **Feb 2026** last seen
- 22 [GL Ventures](https://millionrounds.com/fund/gl-ventures) *Deploying now* VC firm **6** **$39M** median round **Nov 2026** last seen
- 23 [SAIC Motor](https://millionrounds.com/fund/saic-motor) *Deploying now* Corporate VC · China **5** **$100M** median round **Nov 2026** last seen
- 24 [HongShan](https://millionrounds.com/fund/hongshan) *Deploying now* VC firm **5** **$103M** median round **Jul 2026** last seen
- 25 [Pudong Venture Capital](https://millionrounds.com/fund/pudong-venture-capital) *Deploying now* Growth equity **4** **$459M** median round **Nov 2026** last seen

**39 more on this list**

All 64 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fseries-a-investors-in-china)

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[aSand.ai](https://millionrounds.com/company/asand-ai)** Series A · $200M *Led by* [Wangsu Science & Technology](https://millionrounds.com/fund/wangsu-science-and-technology)
- **5** Nov **[T-Therapeutics](https://millionrounds.com/company/t-therapeutics)** Series B · $133M *With* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi)
- **5** Nov **[Sand.ai](https://millionrounds.com/company/sand-ai)** Series A · $200M *Led by* [Wangsu Science & Technology](https://millionrounds.com/fund/wangsu-science-and-technology)
- **3** Nov **[Traversal](https://millionrounds.com/company/traversal)** Series B · $120M *With* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital)
- **3** Nov **[Trajectory](https://millionrounds.com/company/trajectory)** Series A · $45M *Led by* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital)
- **2** Nov **[GenRobot AI](https://millionrounds.com/company/genrobot-ai)** Series A · $100M *With* [GL Ventures](https://millionrounds.com/fund/gl-ventures)

## Stages This Year

566 rounds

- Venture **24%**
- Series B **15%**
- Series A **13%**
- Seed **11%**
- Other **10%**
- Other **28%**

## What They Backed

Sectors, last 12 months

- AI **270**
- Biotech **64**
- Robotics **36**
- Fintech **33**
- Healthcare **32**
- Hardware & Electronics **24**

## Cheques by Quarter

Led Joined

132 Q1 25

136 Q2 25

214 Q3 25

234 Q4 25

263 Q1 26

120 Q2 26

118 Q3 26

85 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Early stage investors in United States 3,774](https://millionrounds.com/lists/early-stage-investors-in-united-states)
- [Series A investors in United States 2,305](https://millionrounds.com/lists/series-a-investors-in-united-states)
- [Seed investors in United States 2,252](https://millionrounds.com/lists/seed-investors-in-united-states)
- [Series B investors in United States 1,647](https://millionrounds.com/lists/series-b-investors-in-united-states)
- [Growth investors in United States 1,329](https://millionrounds.com/lists/growth-investors-in-united-states)
- [Early stage investors in United Kingdom 1,166](https://millionrounds.com/lists/early-stage-investors-in-united-kingdom)
- [Series C investors in United States 967](https://millionrounds.com/lists/series-c-investors-in-united-states)
- [Pre-seed investors in United States 774](https://millionrounds.com/lists/pre-seed-investors-in-united-states)
- [Seed investors in United Kingdom 692](https://millionrounds.com/lists/seed-investors-in-united-kingdom)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders at Series A

- Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies Reid Hoffman · 2018 3.95 from 7,118 ratings on Goodreads Scaling and operations Leading and managing Moats and competition About the book Foreword by Bill Gates LinkedIn cofounder, legendary investor, and host of the award-winning Masters of Scale podcast reveals the secret to starting and scaling massively valuable companies. What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or… On AmazonListen on Audible
- One Page Talent Management: Eliminating Complexity, Adding Value Marc Effron · 2010 4.00 from 311 ratings on Goodreads Leading and managing Hiring and culture Scaling and operations About the book A Revolutionary Approach to Talent Management You know that winning in today’s marketplace requires top quality talent. You also know what it takes to build that talent, and you spend significant financial and human resources to make it happen. Yet somehow, your company’s… On AmazonListen on Audible
- The Sales Development Playbook: Build Repeatable Pipeline and Accelerate Growth with Inside Sales Trish Bertuzzi · 2016 4.18 from 696 ratings on Goodreads First sales Hiring and culture About the book Raise your hand if your company needs more new customers. I suspect your hand is (figuratively) up. This book is about not just growth, but high-growth, explosive-growth, the kind of growth that weather satellites can see from space. The success of any business-to-business… On AmazonListen on Audible
- The Culture Code: The Secrets of Highly Successful Groups Daniel Coyle · 2017 4.24 from 37,412 ratings on Goodreads Hiring and culture Leading and managing About the book What do Pixar, Google and the San Antonio Spurs basketball team have in common?The answer is that they all owe their extraordinary success to their team-building skills. In The Culture Code, Daniel Coyle goes inside some of the most effective organisations in the world and… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&stage=series_a).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about series A investors in China

### Who are the most active series A investors in China?

By cheques observed, the most active are Sequoia Capital, Benchmark, Tengxun Touzi, HSG and Shenzhen Capital Group Co..

### How many series A investors in China are there?

64 are on record. 92% made an investment in the last 12 months and 44% have led a round.

### Which stages do series A investors in China back?

Of the rounds with a named stage in the last 12 months, mostly Series B (24%) and Series A (21%).

### How big are the rounds series A investors in China join?

The typical (median) round among the leading investors here is $31M.

### Which sectors do series A investors in China back most?

In the last 12 months, mostly AI, Biotech and Robotics.

### Which series A investors in China lead the most rounds?

Sequoia Capital (91 led), Tengxun Touzi (20 led) and Benchmark (18 led).

### Where are series A investors in China based?

Among the most active, most are based in China (14), the United States (5) and Hong Kong SAR China (1).

### What have series A investors in China invested in recently?

Recent rounds include aSand.ai (Series A, Nov 2026, with Wangsu Science & Technology), T-Therapeutics (Series B, Nov 2026, with Tengxun Touzi) and Sand.ai (Series A, Nov 2026, with Wangsu Science & Technology).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)