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    Linear Capital

    Shanghai, ChinaFounded 2014
    www.linear.vcLinkedIn
    AIData & AnalyticsHardware & SemiconductorsBiotech & Life SciencesRobotics & Automation

    Linear Capital is a frontier tech venture capital firm founded in 2014 and headquartered in Shanghai, China. The firm invests at the earliest stages in startups applying advanced technologies—across AI software, AI hardware & embodied intelligence, and AI for science—to solve real-world problems, managing 10 funds with over US$2 billion in AUM.

    Deal activity increased 33% year-over-year (4 deals in the last 12 months). Average disclosed round size is $77.6M (across 32 rounds with reported amounts).

    Find people at Linear Capital on Goldilocks AI

    Portfolio

    36

    Fund Size

    $2B

    Top Stage

    Series A

    Last 12 Mo

    6

    Team

    Can Zheng

    Can Zheng

    Managing Director

    Michael Ling

    Michael Ling

    Managing Director

    Jun Yang

    Jun Yang

    Partner

    Neil Zeng

    Neil Zeng

    Partner

    Cherie Qian

    Cherie Qian

    Legal Director

    Zeren Bai

    Zeren Bai

    Executive Director

    Dunmin Dong

    Dunmin Dong

    Senior Principal

    Tianyi Zhou

    Tianyi Zhou

    Principal

    Haitao Hu

    Haitao Hu

    Data Analyst

    Joseph Zhang

    Joseph Zhang

    Investor Relations Manager

    Ben Li

    Ben Li

    COO & CFO

    Franny Zhong

    Franny Zhong

    Finance Manager

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    46 investments
    CompanyRoundAmountDate
    Whale logoWhaleSeries C$40MJul 2026
    Tars logoTarsSeed$455MJun 2026
    它它石智航Seed$455MJun 2026
    Manycore Tech logoManycore TechIpo—Apr 2026
    它它石智航Seed$455MApr 2026
    D-Robotics logoD-RoboticsSeries B$270MJan 2026
    Whale logoWhaleSeries C$60MMay 2025
    Final Round logoFinal RoundSeed$6.9MJan 2025
    Dealism logoDealismSeed$15MJan 2025
    Swiss Mile logoSwiss MileSeed—Aug 2024
    RIVR logoRIVRSeed$22MJan 2024
    Datablau logoDatablauSeries B$15.7MJan 2023
    Uniner technology logoUniner technologySeries A—Sep 2022
    AIKENONG logoAIKENONGSeries A$100MJun 2022
    Guandata logoGuandataSeries B$44.2MJan 2022
    Pacdora logoPacdoraSeries A$10MJan 2022
    AAirgramSeries A$10MJan 2022
    Baoxiaohe logoBaoxiaoheSeries A$10MJan 2022
    GUANGLI logoGUANGLISeries B$15.7MNov 2021
    Agile Robots logoAgile RobotsSeries C$220MSep 2021
    StoneWise logoStoneWiseSeries B—Apr 2021
    Whale logoWhaleSeries B—Jan 2021
    RoboticPlus.ai logoRoboticPlus.aiSeries B—Jan 2021
    Igloo logoIglooSeries A$8.2MApr 2020
    Neat logoNeatSeries A$11MApr 2020
    Page 1 of 2

    Top Co-Investors

    GL Ventures7 shared
    Hillhouse Capital4 shared
    Crosslink Capital3 shared
    Voyager Ventures3 shared
    International Finance Corporation3 shared
    Cisco Investments3 shared
    Meituan3 shared
    Source Code Capital3 shared
    SoftBank Vision Fund2 shared
    Sky9 Capital2 shared
    Samos Investments2 shared
    HongShan2 shared
    ARMADA Investment AG2 shared
    Amazon Industrial Innovation Fund2 shared
    Temasek Holdings (Private) Limited2 shared
    SJF Ventures2 shared
    SAIF Partners2 shared
    InnoVen Capital2 shared
    Future Fund2 shared
    The Carlyle Group2 shared

    Last updated: 8 September 2026