# Who Invests With IDG Capital: 104 Co-Investors (2026)

> The 104 investors that have backed two or more of the same startups as IDG Capital, by kind: vc firms, private equity and asset managers and corporate...

Source: https://millionrounds.com/portfolio-maps/idg-capital-co-investors (Millionrounds; every figure on the page links to its filing or article)

## VC firms

74

- [HSG](https://millionrounds.com/fund/hsg)
- [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi)
- [ZhenFund](https://millionrounds.com/fund/zhenfund)
- [5Y Capital](https://millionrounds.com/fund/5y-capital)
- [IDG Ventures](https://millionrounds.com/fund/idg-ventures)
- [Gaorong Capital](https://millionrounds.com/fund/gaorong-capital)
- [IDG](https://millionrounds.com/fund/idg)
- [Legend Capital](https://millionrounds.com/fund/legend-capital)
- [*MP* Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2)
- [GSR](https://millionrounds.com/fund/gsr)
- [FreeS Fund](https://millionrounds.com/fund/frees-fund)
- [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners)
- [GGV Capital](https://millionrounds.com/fund/ggv-capital)
- [Temasek Holdings](https://millionrounds.com/fund/temasek)
- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital)
- [General Catalyst](https://millionrounds.com/fund/general-catalyst)
- [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners)
- [*VP* Vision Plus Capital](https://millionrounds.com/fund/vision-plus-capital-2)
- [Source Code Capital](https://millionrounds.com/fund/source-code-capital)
- [Northern Light Venture Capital](https://millionrounds.com/fund/nlvc)
- [Fortune Venture Capital](https://millionrounds.com/fund/fortune-capital)
- [SoftBank](https://millionrounds.com/fund/softbank-2)
- [SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers)
- [Puhua Capital](https://millionrounds.com/fund/puhua-capital)

+50 more

## Private equity and asset managers

13

- [CDH Investments](https://millionrounds.com/fund/cdh-investments)
- [Matrix](https://millionrounds.com/fund/matrix)
- [Saif Partners](https://millionrounds.com/fund/saif-partners)
- [CICC](https://millionrounds.com/fund/cicc)
- [DCM Ventures](https://millionrounds.com/fund/dcm-ventures)
- [Huagai Capital](https://millionrounds.com/fund/huagai-capital)
- [Boyu Capital](https://millionrounds.com/fund/boyu-capital)
- [Everbright](https://millionrounds.com/fund/everbright)
- [Breyer Capital](https://millionrounds.com/fund/breyer-capital)
- [Cathay Capital](https://millionrounds.com/fund/cathay-capital)
- [General Atlantic](https://millionrounds.com/fund/general-atlantic)
- [Marshall Wace](https://millionrounds.com/fund/marshall-wace)
- [Eastern Bell Capital](https://millionrounds.com/fund/eastern-bell-capital)

## Corporate investors

7

- [Alibaba Group](https://millionrounds.com/fund/alibaba-group)
- [Chiratae Ventures](https://millionrounds.com/fund/chiratae-ventures)
- [Google Ventures](https://millionrounds.com/fund/gv)
- [KuCoin Labs](https://millionrounds.com/fund/kucoin-labs)
- [Jump Crypto](https://millionrounds.com/fund/jump-crypto)
- [CME Ventures](https://millionrounds.com/fund/cme-group)
- [M Ventures](https://millionrounds.com/fund/m-ventures)

## Growth funds

4

- [Alibaba](https://millionrounds.com/fund/alibaba)
- [jd.com](https://millionrounds.com/fund/jd-com)
- [CPE](https://millionrounds.com/fund/cpe-2)
- [*SG* SBI Group](https://millionrounds.com/fund/sbi-group)

## Accelerators

3

- [Animoca Brands](https://millionrounds.com/fund/animoca-brands)
- [MassChallenge](https://millionrounds.com/fund/masschallenge)
- [Y Combinator](https://millionrounds.com/fund/y-combinator)

## Family offices

3

- [Hill House Capital](https://millionrounds.com/fund/hill-house-capital)
- [*WC* Wu Capital](https://millionrounds.com/fund/wu-capital)
- [Vulcan Capital](https://millionrounds.com/fund/vulcan-capital)

## Segment by segment

### VC firms

74 investors

- [**HSG**](https://millionrounds.com/fund/hsg) VC firm Hong Kong SAR China 25 backed
- [**Tengxun Touzi**](https://millionrounds.com/fund/tengxun-touzi) VC firm China 20 backed
- [**ZhenFund**](https://millionrounds.com/fund/zhenfund) VC firm China 13 backed
- [**5Y Capital**](https://millionrounds.com/fund/5y-capital) VC firm China 12 backed
- [**IDG Ventures**](https://millionrounds.com/fund/idg-ventures) VC firm India 12 backed
- [**Gaorong Capital**](https://millionrounds.com/fund/gaorong-capital) VC firm China 11 backed
- [**IDG**](https://millionrounds.com/fund/idg) VC firm United States 10 backed
- [**Legend Capital**](https://millionrounds.com/fund/legend-capital) VC firm China 9 backed

### Private equity and asset managers

13 investors

- [**CDH Investments**](https://millionrounds.com/fund/cdh-investments) Private equity Hong Kong SAR China 9 backed
- [**Matrix**](https://millionrounds.com/fund/matrix) Hedge fund United Arab Emirates 5 backed
- [**Saif Partners**](https://millionrounds.com/fund/saif-partners) Private equity Hong Kong SAR China 4 backed
- [**CICC**](https://millionrounds.com/fund/cicc) Investment bank China 4 backed
- [**DCM Ventures**](https://millionrounds.com/fund/dcm-ventures) Private equity United States 4 backed
- [**Huagai Capital**](https://millionrounds.com/fund/huagai-capital) Private equity China 3 backed
- [**Boyu Capital**](https://millionrounds.com/fund/boyu-capital) Private equity Hong Kong SAR China 3 backed
- [**Everbright**](https://millionrounds.com/fund/everbright) Fund of funds Hong Kong SAR China 3 backed

### Corporate investors

7 investors

- [**Alibaba Group**](https://millionrounds.com/fund/alibaba-group) Corporate investor China 6 backed
- [**Chiratae Ventures**](https://millionrounds.com/fund/chiratae-ventures) Corporate investor India 3 backed
- [**Google Ventures**](https://millionrounds.com/fund/gv) Corporate investor United States 3 backed
- [**KuCoin Labs**](https://millionrounds.com/fund/kucoin-labs) Corporate investor Seychelles 3 backed
- [**Jump Crypto**](https://millionrounds.com/fund/jump-crypto) Corporate investor United States 2 backed
- [**CME Ventures**](https://millionrounds.com/fund/cme-group) Corporate investor United States 2 backed
- [**M Ventures**](https://millionrounds.com/fund/m-ventures) Corporate investor Switzerland 2 backed

### Growth funds

4 investors

- [**Alibaba**](https://millionrounds.com/fund/alibaba) Growth fund United States 3 backed
- [**jd.com**](https://millionrounds.com/fund/jd-com) Growth fund China 2 backed
- [**CPE**](https://millionrounds.com/fund/cpe-2) Growth fund China 2 backed
- [*SG* **SBI Group**](https://millionrounds.com/fund/sbi-group) Growth fund - 2 backed

### Accelerators

3 investors

- [**Animoca Brands**](https://millionrounds.com/fund/animoca-brands) Accelerator Hong Kong SAR China 3 backed
- [**MassChallenge**](https://millionrounds.com/fund/masschallenge) Accelerator United States 2 backed
- [**Y Combinator**](https://millionrounds.com/fund/y-combinator) Accelerator United States 2 backed

### Family offices

3 investors

- [**Hill House Capital**](https://millionrounds.com/fund/hill-house-capital) Family office Singapore 17 backed
- [*WC* **Wu Capital**](https://millionrounds.com/fund/wu-capital) Family office China 3 backed
- [**Vulcan Capital**](https://millionrounds.com/fund/vulcan-capital) Family office United States 2 backed

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

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[Portfolio map **IDG Capital portfolio map** 162 startups · $47B](https://millionrounds.com/portfolio-maps/idg-capital-portfolio-map)[Sector portfolio **IDG Capital's AI portfolio** 36 startups · $38B](https://millionrounds.com/portfolio-maps/idg-capital-ai-portfolio)[Investments abroad **IDG Capital's investments in the United States** 24 startups · $2.5B](https://millionrounds.com/portfolio-maps/idg-capital-investments-united-states)[Sector portfolio **IDG Capital's Biotech portfolio** 19 startups · $1.6B](https://millionrounds.com/portfolio-maps/idg-capital-biotech-portfolio)[Sector portfolio **IDG Capital's Web3 & Crypto portfolio** 15 startups · $363M](https://millionrounds.com/portfolio-maps/idg-capital-web3-crypto-portfolio)[Sector portfolio **IDG Capital's Internet portfolio** 13 startups · $1.0B](https://millionrounds.com/portfolio-maps/idg-capital-internet-portfolio)

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