# Who Invests With Matrix Partners China: 50 Co-Investors (2026) > The 50 investors that have backed two or more of the same startups as Matrix Partners China, by kind: vc firms and private equity and asset managers. Source: https://millionrounds.com/portfolio-maps/matrix-partners-china-2-co-investors (Millionrounds; every figure on the page links to its filing or article) ## VC firms 42 - [HSG](https://millionrounds.com/fund/hsg) - [ZhenFund](https://millionrounds.com/fund/zhenfund) - [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) - [Source Code Capital](https://millionrounds.com/fund/source-code-capital) - [*BV* Baidu Ventures](https://millionrounds.com/fund/baidu-ventures) - [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) - [Legend Capital](https://millionrounds.com/fund/legend-capital) - [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) - [*VP* Vision Plus Capital](https://millionrounds.com/fund/vision-plus-capital-2) - [Matrix Partners](https://millionrounds.com/fund/matrix-partners) - [5Y Capital](https://millionrounds.com/fund/5y-capital) - [Lilly Asia Ventures](https://millionrounds.com/fund/lilly-asia-ventures) - [GSR](https://millionrounds.com/fund/gsr) - [Vertex Ventures](https://millionrounds.com/fund/vertex-ventures) - [Northern Light Venture Capital](https://millionrounds.com/fund/nlvc) - [Yunqi Partners](https://millionrounds.com/fund/yunqi-partners) - [K2VC](https://millionrounds.com/fund/k2vc) - [BAI Capital](https://millionrounds.com/fund/bai-capital-2) - [Matrix Partners](https://millionrounds.com/fund/matrix-partners-china) - [Gobi Partners](https://millionrounds.com/fund/gobi-partners) - [Vertex Ventures China](https://millionrounds.com/fund/vertex-ventures-china) - [Puhua Capital](https://millionrounds.com/fund/puhua-capital) - [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) - [YZi Labs](https://millionrounds.com/fund/yzi-labs) +18 more ## Private equity and asset managers 8 - [Matrix](https://millionrounds.com/fund/matrix) - [IDG Capital](https://millionrounds.com/fund/idg-capital) - [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) - [Eastern Bell Capital](https://millionrounds.com/fund/eastern-bell-capital) - [CICC](https://millionrounds.com/fund/cicc) - [Huagai Capital](https://millionrounds.com/fund/huagai-capital) - [CDH Investments](https://millionrounds.com/fund/cdh-investments) - [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) ## Segment by segment ### VC firms 42 investors - [**HSG**](https://millionrounds.com/fund/hsg) VC firm Hong Kong SAR China 18 backed - [**ZhenFund**](https://millionrounds.com/fund/zhenfund) VC firm China 8 backed - [**Shunwei Capital**](https://millionrounds.com/fund/shunwei-capital) VC firm China 8 backed - [**Source Code Capital**](https://millionrounds.com/fund/source-code-capital) VC firm China 7 backed - [*BV* **Baidu Ventures**](https://millionrounds.com/fund/baidu-ventures) VC firm China 5 backed - [**Tengxun Touzi**](https://millionrounds.com/fund/tengxun-touzi) VC firm China 5 backed - [**Legend Capital**](https://millionrounds.com/fund/legend-capital) VC firm China 5 backed - [**Qiming Venture Partners**](https://millionrounds.com/fund/qiming-venture-partners) VC firm Hong Kong SAR China 5 backed ### Private equity and asset managers 8 investors - [**Matrix**](https://millionrounds.com/fund/matrix) Hedge fund United Arab Emirates 19 backed - [**IDG Capital**](https://millionrounds.com/fund/idg-capital) Private equity China 9 backed - [**DCM Ventures**](https://millionrounds.com/fund/dcm-ventures) Private equity United States 6 backed - [**Eastern Bell Capital**](https://millionrounds.com/fund/eastern-bell-capital) Private equity China 4 backed - [**CICC**](https://millionrounds.com/fund/cicc) Investment bank China 3 backed - [**Huagai Capital**](https://millionrounds.com/fund/huagai-capital) Private equity China 3 backed - [**CDH Investments**](https://millionrounds.com/fund/cdh-investments) Private equity Hong Kong SAR China 3 backed - [**Goldman Sachs**](https://millionrounds.com/fund/goldman-sachs) Private equity United States 2 backed **How this map is made.** Every investor here has backed two or more of the same startups as Matrix Partners China, in rounds we track. Grouped by kind, each ranked by how many startups it shares with Matrix Partners China. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Portfolio map **Matrix Partners China portfolio map** 96 startups · $5.2B](https://millionrounds.com/portfolio-maps/matrix-partners-china-2-portfolio-map)[Investments abroad **Matrix Partners China's investments in China** 70 startups · $4.2B](https://millionrounds.com/portfolio-maps/matrix-partners-china-2-investments-china)[Sector portfolio **Matrix Partners China's Biotech portfolio** 22 startups · $1.5B](https://millionrounds.com/portfolio-maps/matrix-partners-china-2-biotech-portfolio)[Sector portfolio **Matrix Partners China's AI portfolio** 19 startups · $1.2B](https://millionrounds.com/portfolio-maps/matrix-partners-china-2-ai-portfolio)[Co-investors **Who invests with Techstars** 991 co-investors](https://millionrounds.com/portfolio-maps/techstars-co-investors)[Co-investors **Who invests with SV Angel** 988 co-investors](https://millionrounds.com/portfolio-maps/sv-angel-co-investors) ## Raising from investors like Matrix Partners China? 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