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 $122.8M (across 49 rounds with reported amounts).
Portfolio
49
Fund Size
$203M
Top Stage
Series A
Last 12 Mo
2
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
82 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| SSyneron Bio | Series B | $150M | Mar 2026 |
 Sand.ai | Unknown | $100M | Jan 2026 |
 Gestala | Seed | — | Jan 2026 |
| SSyneron Bio | Series A | — | Dec 2025 |
 HPC-AI | Series A | $50M | Jan 2024 |
 Heranova Lifesciences Holding Ltd. | Seed | $13.5M | Dec 2023 |
 Heranova | Seed | $13.5M | Dec 2023 |
 Affine | Unknown | $8M | Oct 2023 |
| Heranova | Seed | $13.5M | Jan 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 | Series C | $255M | Jun 2021 |
 Insilico Medicine | Series C | $255M | Jun 2021 |
 WeRide | Series C | $100M | May 2021 |
 OnQuality | Series A | $20M | Mar 2021 |
 Qinbaobao | Series A | — | Jan 2021 |
| OnQuality | Series A | $35M | Jan 2021 |
| XXunce Technology | Series C | $110M | Jan 2021 |
| XXAG | Unknown | $46M | Nov 2020 |
| AAirlook | Series B | — | Jan 2020 |
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Top Co-Investors
Shunwei Capital8 shared
Tencent Investment7 shared
Baidu Ventures7 shared
GGV Capital6 shared
Eight Roads6 shared
Lake Bleu Capital6 shared
Bank of China Group Investment6 shared
The Goldman Sachs Group, Inc.5 shared
Warburg Pincus LLC5 shared
Boyu Capital5 shared
Bold Capital Partners4 shared
LAV4 shared
Intel Capital4 shared
ZhenFund4 shared
CPE3 shared
Qiming Venture Partners USA3 shared
Mirae Asset3 shared
B Capital3 shared
OrbiMed3 shared
Deerfield3 shared
Last updated: 20 October 2026