Investments abroad · VC firm · United States
MP
Matrix Partners China's investments in China
Matrix Partners China, based in the United States, has backed 70 startups in China in rounds we track, $4.2B between them, grouped by their main sector.
70startups backed
12sectors
$4.2Braised between them
Biotechbiggest sector
Matrix Partners China's whole portfolioMatrix Partners China's profile
Biotech
17
AI
10
Funding by segment
- Biotech$1.2B17
- AI$653M10
- E-commerce$489M7
- Healthtech$207M6
- Entertainment$131M6
- Foodtech$143M4
- Beauty$137M4
- Logistics$365M4
- Edtech$24M3
- Cloud$372M3
- Internet$349M3
- IT Services$134M3
Where they are based
- China70$4.2B
ChinaFounded
4Earlier
412
813
1114
915
416
717
218
319
320
121
22
123
24
25
26
13 without a founding year on record.
Total raised
- Under $1M1
- $1M to $10M15
- $10M to $50M29
- $50M to $250M23
- $250M to $1B2
- $1B and over0
Each dot is a startup: the year it was founded across, the total it has raised up (each line is ten times the one below). Pick a segment to pick it out.
57 of 70 startups shown; the rest have no founding year or amount on record.
- 1 to 2
- 3 to 7
- 8 to 24
- 25 to 99
- 100 and more
- China70
Startups by country, 1 country in all.
Segment by segment
Biotech
17 startups · $1.2B raised
InventisBioInventisBio is a clinical-stage biopharmaceutical company based in Shanghai, China, with operations in New Jersey, USA.China$236M- NBNuance BiotechNuance Biotech is a pharmaceutical company Based In China.China$201M
Adlai NortyeAdlai Nortye is a clinical-stage biopharmaceutical company that deveops cancer treatments for diverse tumor types.China$190M
Nuance PharmaNuance Pharma is a specialty biopharmaceutical company based in Shanghai, founded in 2014 by Mark Lotter.China$181M
D3 BioD3 Bio is a clinical-stage biotechnology company based in Wuxi, China, founded in 2020.China$108M
GRIT BiotechnologyGrit Biotechnology, also known as Grit Bio, is a clinical-stage biopharmaceutical company based in Shanghai, China.China$84M
NovoCodexNovoCodex is a biopharmaceuticals company that specalizes in the business of genetic engineering, and cell culture.China$62M
Qihan BiotechQihan Biotech is a gene-editing organ transplantation technology developer.China$42M
AI
10 startups · $653M raised
- SSand.aiSand AI is an AI company that focuses on producing videos.China$200M
WeimaiWeimai uses big data and artificial intelligence to digitize their healthcare service platform.China$127M
YaoyansheYaoyanshe is a clinical research technology company based in Shanghai, specializing in the pharmaceutical R&D ecosystem.China$86M
Neptune RoboticsNeptune Robotics develops and manufactures underwater drones designed for enterprises in the maritime industry.China$52M- YYihang.aiYihang.ai manufactures autonomous driving systems.China$47M
Nutshell TherapeuticsNutshell Therapeutics invents small molecules in the realm of drug discovery fostered by protein dynamics.China$40M
Cyclone RoboticsCyclone Robotics is a prominent provider of Robotic Process Automation (RPA) software and hyperautomation solutions, founded in 20China$40M
Raven TechRaven Tech is a startup which focus on artificial intelligent, big data and the next generation operating system.China$27M
E-commerce
7 startups · $489M raised
- XXiaopangxiongXiaopangxiong provides business to business trading platform intended to sell and buy home construction materials.China$418M
Nebula BrandsNebula Brands is a leading aggregator of third-party Amazon vendors in China, focusing on acquiring and operating Chinese consumerChina$50M- FFuliaoyiFuliaoyi is a SaaS-based platform that provides supply chain management solutions for the textile industry.China$15M
The BeastThe Beast is a Chinese lifestyle retail brand founded in 2011, initially starting as a flower concept before evolving into a broadChina$3.0M
JiaTableJiaTable 嘉席 is a ready-to-cook meal delivery company that uses sous-vide technology to provide fresh meals to its customer's doorstep.China$1.2M- 551edjYixin Yixing Automobile aims to provide an economic and practical e-designated driving operation system.China$1.2M
Shengyi ZhuanjiaShengyi Zhuanjia is a provider of one-stop-shop products for physical merchants.China$429K
Healthtech
6 startups · $207M raised
- PMPeijia MedicalPeijia Medical is an interventional medical products providerChina$100M
- TITOPI Imaging TechnologyTOPI Imaging Technology is a medical device firm providing OCT retinal diagnostic system and sweep optical biometer.China$69M
GLZCARESGLZCARES is a one-stop Internet overseas medical service platform, dedicated to providing overseas medical services for domestic uChina$16M
ReigncomReigncom is a research, development, manufacturing, and distribution of diagnostic medical devices, IVD reagent kits, and related services.China$10M
- Kkktijian.comkktijian.com is a health examination platform.China$9.4M
- BJBeijing Jingcheng Boai Rehabilitation HospitalBeijing Jingcheng Boai Rehabilitation Hospital is a physical therapy rehabilitation for medical institutions.China$3.2M
Entertainment
6 startups · $131M raised
- TYTT YuyinTT Yuyin is a social platform for mobile games.China$100M
- GUGP UnionChina$12M
- CComicoolComicool is a reading platform taht provides innovative mobile phone-specific color strip comics.China$10M
- BBenditoutiaoBenditoutiao is a online news platform that delivers timely and relevant news, articles, and information across a range of topicsChina$4.5M
- LMLike MediaLike Media is an entertainment company that specializes in film distribution, and film and television production.China$3.2M
EyepetizerEyepetizer is a video application for making short videos.China$1.5M
Foodtech
4 startups · $143M raised
Baoyun GroupBaoyun Group is an international integrated wine company that focuses on the operation of famous wine brands.China$94M- SGShandian GouShandian Gou engages in the operation of the retail chain industry.China$40M
- SKSeven KoalasA checkout-free convenience store that places snack bars in offices.China$7.7M
- LLiushanmenLiushoumen provides supply chain services for dining, light meals, fast food, Korean food and Japanese food.China$1.6M
Beauty
4 startups · $137M raised
- XXyb2bXyb2b provides maternal and child supplies, beauty care, healthcare, digital life, clothing and shoes in a wide range.China$100M
MeijiabangMeijiabang offers nail care products for customers.China$20M
First CoverFirst Cover offer multiple solutions to help our clients with their financial, professional and management risks.China$14M- MMeiyaappMeiyaapp is a beauty application that provides video makeup tutorials.China$3.1M
Logistics
4 startups · $365M raised
FuyoukacheFuyoukache provides long distance truck logistics services to enterprises, individuals and large third-party logistics companies.China$193M
- YDYunniao DeliveryYunniao Delivery is a Chinese B2B courier platform.China$100M
YishouYishou is a B2B apparel E-commerce platform that connects clothes suppliers with vendors.China$40M- OoTMSoTMS is the leading one-stop transportation platform.China$32M
Edtech
3 startups · $24M raised
- HXHongsong XuetangHongsong Xuetang provides online entertainment and live courses.China$16M
- QQINGCLASSQINGCLASS is an online learning platform that makes education more efficient.China$4.9M
Liuyi JiaoyuLiuyi Jiaoyu is an online children's quality education company.China$2.9M
Cloud
3 startups · $372M raised
- PPingCAPPingCAP is a developer of an open-source, distributed SQL database for scalable transaction processing and real-time analytics.China$350M
- SSmartXSmartX is a manufacturer and designer of smart toys.China$20M
- TTuishibenTuishiben provides solutions for enterprise mobile cloud office and sales management.China$1.6M
Internet
3 startups · $349M raised
- UUokoChina$157M
HuangbaocheHuangbaoche is a travel service providing tour packages and booking services.China$127M- XXiangwushuoXiangwushuo is an online platform intended to offer services related to second-hand goods sharing.China$65M
IT Services
3 startups · $134M raised
EdianyunEdianyun is an enterprise IT and office desktop leasing company.China$77M
BestSignBestSign is a prominent provider of electronic signature and contract lifecycle management services, specializing in blockchain-enChina$45M
QuickDecisionQuickDecision provides AI-powered consumer insight and experience survey products and SaaS services.China$12M
How this map is made. Every startup here has raised money in a round we track that names Matrix Partners China as an investor and is based in China. Each sits under its main sector, read from its rounds, and each shows its best-funded first. Rebuilt nightly; updated 15 November 2026.
More portfolio maps
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