# Matrix Partners China Portfolio Map 2026: 96 Startups by Sector > Matrix Partners China's portfolio mapped: 96 startups it has backed, in 12 sectors from Biotech, AI and Healthtech on. Source: https://millionrounds.com/portfolio-maps/matrix-partners-china-2-portfolio-map (Millionrounds; every figure on the page links to its filing or article) ## Biotech 23 - [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) - [Senti Biosciences](https://millionrounds.com/company/senti-biosciences) - [D3 Bio](https://millionrounds.com/company/d3-bio) - [GRIT Biotechnology](https://millionrounds.com/company/grit-biotechnology) - [Excalipoint Therapetics](https://millionrounds.com/company/excalipoint-therapetics) - [NovoCodex](https://millionrounds.com/company/novocodex) - [Qihan Biotech](https://millionrounds.com/company/qihan-biotech) - [PAQ Therapeutics](https://millionrounds.com/company/paq-therapeutics) - [*1S* 12 Sigma](https://millionrounds.com/company/12-sigma) - [*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) - [RootPath](https://millionrounds.com/company/rootpath) - [Genedock](https://millionrounds.com/company/genedock) - [Tallac Therapeutics](https://millionrounds.com/company/tallac-therapeutics) ## AI 20 - [Lightelligence](https://millionrounds.com/company/lightelligence) - [*S* Sand.ai](https://millionrounds.com/company/sand-ai) - [Simple](https://millionrounds.com/company/simple) - [Weimai](https://millionrounds.com/company/weimai) - [Yaoyanshe](https://millionrounds.com/company/yaoyanshe) - [Kaon](https://millionrounds.com/company/kaon) - [Neptune Robotics](https://millionrounds.com/company/neptune-robotics) - [*Y* Yihang.ai](https://millionrounds.com/company/yihang-ai) - [aetherAI](https://millionrounds.com/company/aetherai) - [Nutshell Therapeutics](https://millionrounds.com/company/nutshell-therapeutics) - [Cyclone Robotics](https://millionrounds.com/company/cyclone-robotics) - [Wen Xiaobai](https://millionrounds.com/company/wen-xiaobai) - [Collov Labs](https://millionrounds.com/company/collov-labs) - [Raven Tech](https://millionrounds.com/company/raven-tech) - [Trifo](https://millionrounds.com/company/trifo) - [*E* Elens](https://millionrounds.com/company/elens) - [Powerlaw AI](https://millionrounds.com/company/powerlaw-ai) - [Creao AI](https://millionrounds.com/company/creao-ai) - [Tiiny AI](https://millionrounds.com/company/tiiny-ai) - [Oda Class](https://millionrounds.com/company/oda-class) ## Healthtech 8 - [*PM* Peijia Medical](https://millionrounds.com/company/peijia-medical) - [*TI* TOPI Imaging Technology](https://millionrounds.com/company/topi-imaging-technology) - [Headlight](https://millionrounds.com/company/headlight) - [GLZCARES](https://millionrounds.com/company/glzcares) - [Reigncom](https://millionrounds.com/company/reigncom) - [*K* kktijian.com](https://millionrounds.com/company/kktijian-com) - [Vdaifu](https://millionrounds.com/company/vdaifu) - [*BJ* Beijing Jingcheng Boai Rehabilitation Hospital](https://millionrounds.com/company/beijing-jingcheng-boai-rehabilitation-hospital) ## E-commerce 8 - [*X* Xiaopangxiong](https://millionrounds.com/company/xiaopangxiong) - [Nebula Brands](https://millionrounds.com/company/nebula-brands) - [*F* Fuliaoyi](https://millionrounds.com/company/fuliaoyi) - [Smartpay](https://millionrounds.com/company/smartpay) - [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) ## 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) ## Web3 & Crypto 6 - [Blofin](https://millionrounds.com/company/blofin) - [Chainbase](https://millionrounds.com/company/chainbase) - [Solv Protocol](https://millionrounds.com/company/solv-protocol) - [UXUY](https://millionrounds.com/company/uxuy) - [BlockSec](https://millionrounds.com/company/blocksec) - [Zerobase](https://millionrounds.com/company/zerobase) ## Foodtech 5 - [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) - [CloudChef](https://millionrounds.com/company/cloudchef) - [*L* Liushanmen](https://millionrounds.com/company/liushanmen) ## Edtech 4 - [*HX* Hongsong Xuetang](https://millionrounds.com/company/hongsong-xuetang) - [*Q* QINGCLASS](https://millionrounds.com/company/qingclass) - [Logseq](https://millionrounds.com/company/logseq) - [Liuyi Jiaoyu](https://millionrounds.com/company/liuyi-jiaoyu) ## Cloud 4 - [*P* PingCAP](https://millionrounds.com/company/pingcap) - [*S* SmartX](https://millionrounds.com/company/smartx) - [*Q* QiCloud](https://millionrounds.com/company/qicloud) - [*T* Tuishiben](https://millionrounds.com/company/tuishiben) ## Internet 4 - [*U* Uoko](https://millionrounds.com/company/uoko) - [Huangbaoche](https://millionrounds.com/company/huangbaoche) - [*X* Xiangwushuo](https://millionrounds.com/company/xiangwushuo) - [MoboTap](https://millionrounds.com/company/mobotap) ## Consumer Apps 4 - [*KG* KK Group](https://millionrounds.com/company/kk-group) - [Camera360](https://millionrounds.com/company/camera360) - [HashData](https://millionrounds.com/company/hashdata) - [Lumist](https://millionrounds.com/company/lumist) ## 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) ## Segment by segment ### Biotech 23 startups · $1.6B 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 - [**Senti Biosciences**](https://millionrounds.com/company/senti-biosciences) Senti Biosciences is a biotechnology company that focuses on synthetic biology and gene circuit engineering for therapeutic applications. United States $169M - [**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 - [**Excalipoint Therapetics**](https://millionrounds.com/company/excalipoint-therapetics) Excalipoint Therapeutics develops targeted therapies that focus on modulating disease pathways at specific biological points. Hong Kong SAR China $69M ### AI 20 startups · $1.2B raised - [**Lightelligence**](https://millionrounds.com/company/lightelligence) Lightelligence is an optical computing company founded in 2017 as a spin-out from MIT. United States $220M - [*S* **Sand.ai**](https://millionrounds.com/company/sand-ai) Sand AI is an AI company that focuses on producing videos. China $200M - [**Simple**](https://millionrounds.com/company/simple) Empowering family offices with AI-driven insights, expert knowledge, family office software and vetted service providers. United States $134M - [**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 - [**Kaon**](https://millionrounds.com/company/kaon) AI Personalized Content Media United States $70M - [**Neptune Robotics**](https://millionrounds.com/company/neptune-robotics) Neptune Robotics develops and manufactures underwater drones designed for enterprises in the maritime industry. - $52M - [*Y* **Yihang.ai**](https://millionrounds.com/company/yihang-ai) Yihang.ai manufactures autonomous driving systems. China $47M ### Healthtech 8 startups · $232M raised - [*PM* **Peijia Medical**](https://millionrounds.com/company/peijia-medical) Peijia Medical is an interventional medical products provider - $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. - $69M - [**Headlight**](https://millionrounds.com/company/headlight) Headlight is a mental health firm that aims to change the way mental health services are delivered. United States $18M - [**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 - $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. - $9.4M - [**Vdaifu**](https://millionrounds.com/company/vdaifu) Vdaifu provides services on online bookings of pediatric healthcare and doctors. - $6.7M - [*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 ### E-commerce 8 startups · $496M 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 - [**Smartpay**](https://millionrounds.com/company/smartpay) SmartPay Leasing, based in San Francisco, California, is a lease-to-own payment solution provider. Japan $7.0M - [**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 ### Entertainment 6 startups · $131M raised - [*TY* **TT Yuyin**](https://millionrounds.com/company/tt-yuyin) TT Yuyin is a social platform for mobile games. - $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. - $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 - $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 ### Web3 & Crypto 6 startups · $94M raised - [**Blofin**](https://millionrounds.com/company/blofin) Blofin is a China-based crypto financial services company that provides services such as digital asset management and advisory for Cayman Islands $50M - [**Chainbase**](https://millionrounds.com/company/chainbase) Chainbase is a Web3 and AI data infrastructure company focused on creating a foundational data layer for the AI era and DataFi economy. Singapore $15M - [**Solv Protocol**](https://millionrounds.com/company/solv-protocol) Solv Protocol is the decentralized platform for creating, managing, and trading Financial NFTs. Singapore $10M - [**UXUY**](https://millionrounds.com/company/uxuy) UXUY is a decentralized multi-chain trading platform and cross-chain liquidity aggregation protocol based in Singapore. Singapore $7.0M - [**BlockSec**](https://millionrounds.com/company/blocksec) BlockSec is a blockchain security and crypto compliance company that supports Web3 organizations in securing their protocols throu Hong Kong SAR China $6.8M - [**Zerobase**](https://millionrounds.com/company/zerobase) ZEROBASE is a real-time ZK prover network, providing privacy and access to the fastest decentralized computing infrastructure in the world. United States $5.0M ### Foodtech 5 startups · $151M 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. - $94M - [*SG* **Shandian Gou**](https://millionrounds.com/company/shandian-gou) Shandian Gou engages in the operation of the retail chain industry. - $40M - [*SK* **Seven Koalas**](https://millionrounds.com/company/seven-koalas) A checkout-free convenience store that places snack bars in offices. - $7.7M - [**CloudChef**](https://millionrounds.com/company/cloudchef) CloudChef is a food technology startup based in Palo Alto, California, focused on transforming the restaurant and food service ind India $7.2M - [*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 ### Edtech 4 startups · $28M raised - [*HX* **Hongsong Xuetang**](https://millionrounds.com/company/hongsong-xuetang) Hongsong Xuetang provides online entertainment and live courses. - $16M - [*Q* **QINGCLASS**](https://millionrounds.com/company/qingclass) QINGCLASS is an online learning platform that makes education more efficient. - $4.9M - [**Logseq**](https://millionrounds.com/company/logseq) Logseq is a privately held, open-source software company based in New York, founded in 2020. United States $4.1M - [**Liuyi Jiaoyu**](https://millionrounds.com/company/liuyi-jiaoyu) Liuyi Jiaoyu is an online children's quality education company. China $2.9M ### Cloud 4 startups · $375M 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 - [*Q* **QiCloud**](https://millionrounds.com/company/qicloud) QiCloud is an inlet flow channel and cloud services platform. - $2.9M - [*T* **Tuishiben**](https://millionrounds.com/company/tuishiben) Tuishiben provides solutions for enterprise mobile cloud office and sales management. - $1.6M ### Internet 4 startups · $359M 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 - [**MoboTap**](https://millionrounds.com/company/mobotap) MoboTap is a mobile technology developer. United States $10M ### Consumer Apps 4 startups · $449M raised - [*KG* **KK Group**](https://millionrounds.com/company/kk-group) China $400M - [**Camera360**](https://millionrounds.com/company/camera360) Camera360 is a prominent mobile photography application company based in Chengdu, China, founded in 2010 by a team with extensive China $23M - [**HashData**](https://millionrounds.com/company/hashdata) HashData is a cloud based firm that offers data collection solutions for surveys, checklists, and audits. Brazil $16M - [**Lumist**](https://millionrounds.com/company/lumist) Study app for college students - $10M ### 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. - $14M - [*M* **Meiyaapp**](https://millionrounds.com/company/meiyaapp) Meiyaapp is a beauty application that provides video makeup tutorials. - $3.1M **How this map is made.** Every startup here has raised money in a round we track that names Matrix Partners China as an investor, the first in 2012. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [VC firm · United States **Techstars** 1,119 startups · 12 sectors · $16B](https://millionrounds.com/portfolio-maps/techstars-portfolio-map)[VC firm · United States **Alumni Ventures** 745 startups · 12 sectors · $64B](https://millionrounds.com/portfolio-maps/us-strategic-tech-fund-an-alumni-ventures-fund-portfolio-map)[VC firm · United States **Andreessen Horowitz** 694 startups · 12 sectors · $497B](https://millionrounds.com/portfolio-maps/andreessen-horowitz-portfolio-map)[VC firm · United States **Sequoia Capital** 651 startups · 12 sectors · $677B](https://millionrounds.com/portfolio-maps/sequoia-capital-portfolio-map)[VC firm · United States **SV Angel** 548 startups · 12 sectors · $79B](https://millionrounds.com/portfolio-maps/sv-angel-portfolio-map)[VC firm · United States **General Catalyst** 538 startups · 12 sectors · $230B](https://millionrounds.com/portfolio-maps/general-catalyst-portfolio-map) ## Raising from investors like Matrix Partners China? 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