Co-investors · VC firm · Hong Kong SAR China

Who invests with HSG

137 investors have backed two or more of the 266 startups HSG has backed in rounds we track. Grouped by kind, each ranked by how many of these startups it shares; Sequoia Capital shares the most, 43.

137co-investors
4kinds
Sequoia Capitalmost shared (43)
VC firmsmost common kind

HSG's whole portfolioHSG's profile

VC firms

106

+82 more

Private equity and asset managers

21

Corporate investors

7

Government funds

3

Segment by segment

VC firms

106 investors

  1. Sequoia CapitalVC firmUnited States43 backed
  2. Tengxun TouziVC firmChina20 backed
  3. ZhenFundVC firmChina20 backed
  4. Qiming Venture PartnersVC firmHong Kong SAR China18 backed
  5. MPMatrix Partners ChinaVC firmUnited States18 backed
  6. Gaorong CapitalVC firmChina13 backed
  7. SCSequoia Capital ChinaVC firmChina13 backed
  8. 5Y CapitalVC firmChina12 backed

Private equity and asset managers

21 investors

  1. IDG CapitalPrivate equityChina25 backed
  2. CDH InvestmentsPrivate equityHong Kong SAR China11 backed
  3. OrbiMedPrivate equityUnited States8 backed
  4. Goldman SachsPrivate equityUnited States5 backed
  5. Warburg PincusPrivate equityUnited States4 backed
  6. General AtlanticPrivate equityUnited States4 backed
  7. MatrixHedge fundUnited Arab Emirates4 backed
  8. GaingelsPrivate equityUnited States4 backed

Corporate investors

7 investors

  1. Alibaba GroupCorporate investorChina7 backed
  2. Ant GroupCorporate investorChina5 backed
  3. Coinbase VenturesCorporate investorUnited States4 backed
  4. Salesforce VenturesCorporate investorUnited States3 backed
  5. SoftBank BB CorpCorporate investorJapan3 backed
  6. Qualcomm VenturesCorporate investorUnited States2 backed
  7. Merck Global Health Innovation FundCorporate investorUnited States2 backed

Government funds

3 investors

  1. Shenzhen Capital Group Co.Government fundChina10 backed
  2. International Finance CorporationGovernment fundUnited States3 backed
  3. Connecticut InnovationsGovernment fundUnited States2 backed

How this map is made. Every investor here has backed two or more of the same startups as HSG, in rounds we track. Grouped by kind, each ranked by how many startups it shares with HSG. Rebuilt nightly; updated 15 November 2026.

More portfolio maps

All portfolios
Portfolio mapHSG portfolio map185 startups · $66BInvestments abroadHSG's investments in China94 startups · $47BSector portfolioHSG's AI portfolio52 startups · $44BInvestments abroadHSG's investments in the United States42 startups · $8.6BSector portfolioHSG's Biotech portfolio34 startups · $5.8BSector portfolioHSG's Fintech portfolio19 startups · $4.3B

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