# Matrix Partners China's Investments in China: 70 Startups by Sector (2026)

> The 70 startups in China that Matrix Partners China has backed, by sector: Biotech, AI and E-commerce and more. $4.2B raised. Updated nightly.

Source: https://millionrounds.com/portfolio-maps/matrix-partners-china-2-investments-china (Millionrounds; every figure on the page links to its filing or article)

## Biotech

17

- [InventisBio](https://millionrounds.com/company/inventisbio)
- [*NB* Nuance Biotech](https://millionrounds.com/company/nuance-biotech)
- [Adlai Nortye](https://millionrounds.com/company/adlai-nortye)
- [Nuance Pharma](https://millionrounds.com/company/nuance-pharma)
- [D3 Bio](https://millionrounds.com/company/d3-bio)
- [GRIT Biotechnology](https://millionrounds.com/company/grit-biotechnology)
- [NovoCodex](https://millionrounds.com/company/novocodex)
- [Qihan Biotech](https://millionrounds.com/company/qihan-biotech)
- [*UT* Ucello Therapeutics](https://millionrounds.com/company/ucello-therapeutics)
- [23Mofang](https://millionrounds.com/company/23mofang)
- [NeuraMatrix](https://millionrounds.com/company/neuramatrix)
- [GrandOmics](https://millionrounds.com/company/grandomics)
- [*SB* Si'ao Biotechnology](https://millionrounds.com/company/si-ao-biotechnology)
- [*SB* SA Biotech](https://millionrounds.com/company/sa-biotech)
- [Abc clinic butler](https://millionrounds.com/company/abc-clinic-butler)
- [*U* UmerDoctor](https://millionrounds.com/company/umerdoctor)
- [Genedock](https://millionrounds.com/company/genedock)

## AI

10

- [*S* Sand.ai](https://millionrounds.com/company/sand-ai)
- [Weimai](https://millionrounds.com/company/weimai)
- [Yaoyanshe](https://millionrounds.com/company/yaoyanshe)
- [Neptune Robotics](https://millionrounds.com/company/neptune-robotics)
- [*Y* Yihang.ai](https://millionrounds.com/company/yihang-ai)
- [Nutshell Therapeutics](https://millionrounds.com/company/nutshell-therapeutics)
- [Cyclone Robotics](https://millionrounds.com/company/cyclone-robotics)
- [Raven Tech](https://millionrounds.com/company/raven-tech)
- [*E* Elens](https://millionrounds.com/company/elens)
- [Powerlaw AI](https://millionrounds.com/company/powerlaw-ai)

## E-commerce

7

- [*X* Xiaopangxiong](https://millionrounds.com/company/xiaopangxiong)
- [Nebula Brands](https://millionrounds.com/company/nebula-brands)
- [*F* Fuliaoyi](https://millionrounds.com/company/fuliaoyi)
- [The Beast](https://millionrounds.com/company/the-beast)
- [JiaTable](https://millionrounds.com/company/jiatable)
- [*5* 51edj](https://millionrounds.com/company/51edj)
- [Shengyi Zhuanjia](https://millionrounds.com/company/shengyi-zhuanjia)

## Healthtech

6

- [*PM* Peijia Medical](https://millionrounds.com/company/peijia-medical)
- [*TI* TOPI Imaging Technology](https://millionrounds.com/company/topi-imaging-technology)
- [GLZCARES](https://millionrounds.com/company/glzcares)
- [Reigncom](https://millionrounds.com/company/reigncom)
- [*K* kktijian.com](https://millionrounds.com/company/kktijian-com)
- [*BJ* Beijing Jingcheng Boai Rehabilitation Hospital](https://millionrounds.com/company/beijing-jingcheng-boai-rehabilitation-hospital)

## Entertainment

6

- [*TY* TT Yuyin](https://millionrounds.com/company/tt-yuyin)
- [*GU* GP Union](https://millionrounds.com/company/gp-union)
- [*C* Comicool](https://millionrounds.com/company/comicool)
- [*B* Benditoutiao](https://millionrounds.com/company/benditoutiao)
- [*LM* Like Media](https://millionrounds.com/company/like-media)
- [Eyepetizer](https://millionrounds.com/company/eyepetizer)

## Foodtech

4

- [Baoyun Group](https://millionrounds.com/company/baoyun-group)
- [*SG* Shandian Gou](https://millionrounds.com/company/shandian-gou)
- [*SK* Seven Koalas](https://millionrounds.com/company/seven-koalas)
- [*L* Liushanmen](https://millionrounds.com/company/liushanmen)

## Beauty

4

- [*X* Xyb2b](https://millionrounds.com/company/xyb2b)
- [Meijiabang](https://millionrounds.com/company/meijiabang)
- [First Cover](https://millionrounds.com/company/first-cover)
- [*M* Meiyaapp](https://millionrounds.com/company/meiyaapp)

## Logistics

4

- [Fuyoukache](https://millionrounds.com/company/fuyoukache)
- [*YD* Yunniao Delivery](https://millionrounds.com/company/yunniao-delivery)
- [Yishou](https://millionrounds.com/company/yishou)
- [*O* oTMS](https://millionrounds.com/company/otms)

## Edtech

3

- [*HX* Hongsong Xuetang](https://millionrounds.com/company/hongsong-xuetang)
- [*Q* QINGCLASS](https://millionrounds.com/company/qingclass)
- [Liuyi Jiaoyu](https://millionrounds.com/company/liuyi-jiaoyu)

## Cloud

3

- [*P* PingCAP](https://millionrounds.com/company/pingcap)
- [*S* SmartX](https://millionrounds.com/company/smartx)
- [*T* Tuishiben](https://millionrounds.com/company/tuishiben)

## Internet

3

- [*U* Uoko](https://millionrounds.com/company/uoko)
- [Huangbaoche](https://millionrounds.com/company/huangbaoche)
- [*X* Xiangwushuo](https://millionrounds.com/company/xiangwushuo)

## IT Services

3

- [Edianyun](https://millionrounds.com/company/edianyun)
- [BestSign](https://millionrounds.com/company/bestsign)
- [QuickDecision](https://millionrounds.com/company/quickdecision)

## Segment by segment

### Biotech

17 startups · $1.2B raised

- [**InventisBio**](https://millionrounds.com/company/inventisbio) InventisBio is a clinical-stage biopharmaceutical company based in Shanghai, China, with operations in New Jersey, USA. China $236M
- [*NB* **Nuance Biotech**](https://millionrounds.com/company/nuance-biotech) Nuance Biotech is a pharmaceutical company Based In China. China $201M
- [**Adlai Nortye**](https://millionrounds.com/company/adlai-nortye) Adlai Nortye is a clinical-stage biopharmaceutical company that deveops cancer treatments for diverse tumor types. China $190M
- [**Nuance Pharma**](https://millionrounds.com/company/nuance-pharma) Nuance Pharma is a specialty biopharmaceutical company based in Shanghai, founded in 2014 by Mark Lotter. China $181M
- [**D3 Bio**](https://millionrounds.com/company/d3-bio) D3 Bio is a clinical-stage biotechnology company based in Wuxi, China, founded in 2020. China $108M
- [**GRIT Biotechnology**](https://millionrounds.com/company/grit-biotechnology) Grit Biotechnology, also known as Grit Bio, is a clinical-stage biopharmaceutical company based in Shanghai, China. China $84M
- [**NovoCodex**](https://millionrounds.com/company/novocodex) NovoCodex is a biopharmaceuticals company that specalizes in the business of genetic engineering, and cell culture. China $62M
- [**Qihan Biotech**](https://millionrounds.com/company/qihan-biotech) Qihan Biotech is a gene-editing organ transplantation technology developer. China $42M

### AI

10 startups · $653M raised

- [*S* **Sand.ai**](https://millionrounds.com/company/sand-ai) Sand AI is an AI company that focuses on producing videos. China $200M
- [**Weimai**](https://millionrounds.com/company/weimai) Weimai uses big data and artificial intelligence to digitize their healthcare service platform. China $127M
- [**Yaoyanshe**](https://millionrounds.com/company/yaoyanshe) Yaoyanshe is a clinical research technology company based in Shanghai, specializing in the pharmaceutical R&D ecosystem. China $86M
- [**Neptune Robotics**](https://millionrounds.com/company/neptune-robotics) Neptune Robotics develops and manufactures underwater drones designed for enterprises in the maritime industry. China $52M
- [*Y* **Yihang.ai**](https://millionrounds.com/company/yihang-ai) Yihang.ai manufactures autonomous driving systems. China $47M
- [**Nutshell Therapeutics**](https://millionrounds.com/company/nutshell-therapeutics) Nutshell Therapeutics invents small molecules in the realm of drug discovery fostered by protein dynamics. China $40M
- [**Cyclone Robotics**](https://millionrounds.com/company/cyclone-robotics) Cyclone Robotics is a prominent provider of Robotic Process Automation (RPA) software and hyperautomation solutions, founded in 20 China $40M
- [**Raven Tech**](https://millionrounds.com/company/raven-tech) Raven 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

- [*X* **Xiaopangxiong**](https://millionrounds.com/company/xiaopangxiong) Xiaopangxiong provides business to business trading platform intended to sell and buy home construction materials. China $418M
- [**Nebula Brands**](https://millionrounds.com/company/nebula-brands) Nebula Brands is a leading aggregator of third-party Amazon vendors in China, focusing on acquiring and operating Chinese consumer China $50M
- [*F* **Fuliaoyi**](https://millionrounds.com/company/fuliaoyi) Fuliaoyi is a SaaS-based platform that provides supply chain management solutions for the textile industry. China $15M
- [**The Beast**](https://millionrounds.com/company/the-beast) The Beast is a Chinese lifestyle retail brand founded in 2011, initially starting as a flower concept before evolving into a broad China $3.0M
- [**JiaTable**](https://millionrounds.com/company/jiatable) JiaTable 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
- [*5* **51edj**](https://millionrounds.com/company/51edj) Yixin Yixing Automobile aims to provide an economic and practical e-designated driving operation system. China $1.2M
- [**Shengyi Zhuanjia**](https://millionrounds.com/company/shengyi-zhuanjia) Shengyi Zhuanjia is a provider of one-stop-shop products for physical merchants. China $429K

### Healthtech

6 startups · $207M raised

- [*PM* **Peijia Medical**](https://millionrounds.com/company/peijia-medical) Peijia Medical is an interventional medical products provider China $100M
- [*TI* **TOPI Imaging Technology**](https://millionrounds.com/company/topi-imaging-technology) TOPI Imaging Technology is a medical device firm providing OCT retinal diagnostic system and sweep optical biometer. China $69M
- [**GLZCARES**](https://millionrounds.com/company/glzcares) GLZCARES is a one-stop Internet overseas medical service platform, dedicated to providing overseas medical services for domestic u China $16M
- [**Reigncom**](https://millionrounds.com/company/reigncom) Reigncom is a research, development, manufacturing, and distribution of diagnostic medical devices, IVD reagent kits, and related services. China $10M
- [*K* **kktijian.com**](https://millionrounds.com/company/kktijian-com) kktijian.com is a health examination platform. China $9.4M
- [*BJ* **Beijing Jingcheng Boai Rehabilitation Hospital**](https://millionrounds.com/company/beijing-jingcheng-boai-rehabilitation-hospital) Beijing Jingcheng Boai Rehabilitation Hospital is a physical therapy rehabilitation for medical institutions. China $3.2M

### Entertainment

6 startups · $131M raised

- [*TY* **TT Yuyin**](https://millionrounds.com/company/tt-yuyin) TT Yuyin is a social platform for mobile games. China $100M
- [*GU* **GP Union**](https://millionrounds.com/company/gp-union) China $12M
- [*C* **Comicool**](https://millionrounds.com/company/comicool) Comicool is a reading platform taht provides innovative mobile phone-specific color strip comics. China $10M
- [*B* **Benditoutiao**](https://millionrounds.com/company/benditoutiao) Benditoutiao is a online news platform that delivers timely and relevant news, articles, and information across a range of topics China $4.5M
- [*LM* **Like Media**](https://millionrounds.com/company/like-media) Like Media is an entertainment company that specializes in film distribution, and film and television production. China $3.2M
- [**Eyepetizer**](https://millionrounds.com/company/eyepetizer) Eyepetizer is a video application for making short videos. China $1.5M

### Foodtech

4 startups · $143M raised

- [**Baoyun Group**](https://millionrounds.com/company/baoyun-group) Baoyun Group is an international integrated wine company that focuses on the operation of famous wine brands. China $94M
- [*SG* **Shandian Gou**](https://millionrounds.com/company/shandian-gou) Shandian Gou engages in the operation of the retail chain industry. China $40M
- [*SK* **Seven Koalas**](https://millionrounds.com/company/seven-koalas) A checkout-free convenience store that places snack bars in offices. China $7.7M
- [*L* **Liushanmen**](https://millionrounds.com/company/liushanmen) Liushoumen provides supply chain services for dining, light meals, fast food, Korean food and Japanese food. China $1.6M

### Beauty

4 startups · $137M raised

- [*X* **Xyb2b**](https://millionrounds.com/company/xyb2b) Xyb2b provides maternal and child supplies, beauty care, healthcare, digital life, clothing and shoes in a wide range. China $100M
- [**Meijiabang**](https://millionrounds.com/company/meijiabang) Meijiabang offers nail care products for customers. China $20M
- [**First Cover**](https://millionrounds.com/company/first-cover) First Cover offer multiple solutions to help our clients with their financial, professional and management risks. China $14M
- [*M* **Meiyaapp**](https://millionrounds.com/company/meiyaapp) Meiyaapp is a beauty application that provides video makeup tutorials. China $3.1M

### Logistics

4 startups · $365M raised

- [**Fuyoukache**](https://millionrounds.com/company/fuyoukache) Fuyoukache provides long distance truck logistics services to enterprises, individuals and large third-party logistics companies. China $193M
- [*YD* **Yunniao Delivery**](https://millionrounds.com/company/yunniao-delivery) Yunniao Delivery is a Chinese B2B courier platform. China $100M
- [**Yishou**](https://millionrounds.com/company/yishou) Yishou is a B2B apparel E-commerce platform that connects clothes suppliers with vendors. China $40M
- [*O* **oTMS**](https://millionrounds.com/company/otms) oTMS is the leading one-stop transportation platform. China $32M

### Edtech

3 startups · $24M raised

- [*HX* **Hongsong Xuetang**](https://millionrounds.com/company/hongsong-xuetang) Hongsong Xuetang provides online entertainment and live courses. China $16M
- [*Q* **QINGCLASS**](https://millionrounds.com/company/qingclass) QINGCLASS is an online learning platform that makes education more efficient. China $4.9M
- [**Liuyi Jiaoyu**](https://millionrounds.com/company/liuyi-jiaoyu) Liuyi Jiaoyu is an online children's quality education company. China $2.9M

### Cloud

3 startups · $372M raised

- [*P* **PingCAP**](https://millionrounds.com/company/pingcap) PingCAP is a developer of an open-source, distributed SQL database for scalable transaction processing and real-time analytics. China $350M
- [*S* **SmartX**](https://millionrounds.com/company/smartx) SmartX is a manufacturer and designer of smart toys. China $20M
- [*T* **Tuishiben**](https://millionrounds.com/company/tuishiben) Tuishiben provides solutions for enterprise mobile cloud office and sales management. China $1.6M

### Internet

3 startups · $349M raised

- [*U* **Uoko**](https://millionrounds.com/company/uoko) China $157M
- [**Huangbaoche**](https://millionrounds.com/company/huangbaoche) Huangbaoche is a travel service providing tour packages and booking services. China $127M
- [*X* **Xiangwushuo**](https://millionrounds.com/company/xiangwushuo) Xiangwushuo is an online platform intended to offer services related to second-hand goods sharing. China $65M

### IT Services

3 startups · $134M raised

- [**Edianyun**](https://millionrounds.com/company/edianyun) Edianyun is an enterprise IT and office desktop leasing company. China $77M
- [**BestSign**](https://millionrounds.com/company/bestsign) BestSign is a prominent provider of electronic signature and contract lifecycle management services, specializing in blockchain-en China $45M
- [**QuickDecision**](https://millionrounds.com/company/quickdecision) QuickDecision 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

[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)[Co-investors **Who invests with Matrix Partners China** 50 co-investors](https://millionrounds.com/portfolio-maps/matrix-partners-china-2-co-investors)[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)[Investments abroad **Techstars' investments in the United Kingdom** 102 startups · $1.1B](https://millionrounds.com/portfolio-maps/techstars-investments-united-kingdom)[Investments abroad **Sequoia Capital's investments in China** 76 startups · $56B](https://millionrounds.com/portfolio-maps/sequoia-capital-investments-china)

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