Sinovation Ventures is a leading Chinese technology venture capital firm founded in 2009 by Dr. Kai-Fu Lee, investing in AI, automation, enterprise software, and healthcare tech startups from seed to growth stages.
They made 2 investments in the last 12 months. Average disclosed round size is $112.4M (across 25 rounds with reported amounts).
Portfolio
31
Fund Size
$203M
Top Stage
Series A
Last 12 Mo
3
Team
Hua Wang
Managing Partner
Richard Yang
Managing Partner
Christine Lang
Partner
Eagle Zhang
Partner
Lijun Zhang
Partner
Wenchao Shen
Partner
Will Xie
Operating Partner
Xiuping Liu
Operating Partner
Ying Lin
General Counsel & Operating Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
37 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| SSyneron Bio | Series B | $150M | Mar 2026 |
 Sand AI | Unknown | $100M | Jan 2026 |
| SSyneron Bio | Series A | — | Dec 2025 |
 HPC-AI | Series A | $50M | Jan 2024 |
| HHeranova Lifesciences Holding Ltd. | Seed | $13.5M | Dec 2023 |
 Zvision | Series C | — | Nov 2022 |
 Prophesee | Series C | — | Sep 2022 |
 MegaRobo | Series C | $300M | Jun 2022 |
| Zvision | Series C | — | Jan 2022 |
 Voila | Series A | $6M | Jan 2022 |
 Voilà! | Series A | $13.8M | Jan 2022 |
| SShanghai MediTrust Health Technology Co., Ltd. | Series C | $308M | Aug 2021 |
 Insilico Medicine(3696.HK) | Series C | $255M | Jun 2021 |
 OnQuality | Series A | $20M | Mar 2021 |
| QQinbaobao | Series A | — | Jan 2021 |
| XXAG | Unknown | $46M | Nov 2020 |
| XXAG | Unknown | — | Jan 2020 |
 Fictiv | Series C | $33M | Mar 2019 |
| AAInnovation | Series A | $60M | Jan 2019 |
 Wonder Workshop | Series C | $41M | Oct 2017 |
 Strikingly | Series A | $6M | Aug 2017 |
 ABL Schools | Series A | $7.5M | Jun 2017 |
| QQingCheng Information Technology | Series A | — | Jan 2017 |
| AAixuexi | Series C | $83M | Jan 2017 |
 Momenta | Series A | $46M | Jan 2016 |
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Top Co-Investors
Baidu Ventures4 shared
Eight Roads4 shared
Lake Bleu Capital4 shared
Intel Capital4 shared
LAV3 shared
Boyu Capital3 shared
Bank of China Group Investment3 shared
GL Ventures3 shared
Shunwei Capital3 shared
Chengwei Capital3 shared
Sinovation3 shared
MindWorks Capital2 shared
CPE2 shared
Qiming Venture Partners USA2 shared
Mirae Asset2 shared
Bold Capital Partners2 shared
B Capital2 shared
OrbiMed2 shared
Warburg Pincus LLC2 shared
Deerfield2 shared
Last updated: 8 September 2026