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Green Pine Capital Partners, known in Chinese as 松禾资本, was founded in 2007 by Mr. Li Wei and Mr. Luo Fei. The firm is headquartered in Shenzhen, China, and is recognized as one of the earliest RMB-denominated venture capital firms in the country. With a focus on technology investments, Green Pine has played a pivotal role in the evolution of China's tech landscape over the past two decades.
As of 2023, Green Pine Capital Partners manages approximately RMB 3 billion (around $2100 million) in assets across more than 21 special funds. The firm has established a significant presence in the venture capital space, with a portfolio that includes 491 companies. Their investment strategy emphasizes early to growth-stage funding, particularly in sectors that are strategically emerging within China.
Green Pine Capital Partners specializes in early and growth-stage investments, primarily targeting sectors such as digital technology, precision medicine, and innovative materials. The firm invests across various stages, including pre-seed, seed, seed-plus, Series A, and growth equity. Their geographic focus is primarily on China and broader Asia, with a keen interest in technological innovation and entrepreneurship.
The firm’s investment thesis centers on supporting advancements in strategic-emerging industries, including AI, IoT, robotics, clean technology, and e-commerce. Green Pine seeks to identify founders who demonstrate strong potential for innovation and growth, particularly in sectors that align with their expertise in technology. They prefer to engage in deals that allow for strategic guidance and resource access, enhancing the growth trajectory of their portfolio companies.
Green Pine Capital Partners boasts a diverse portfolio of notable companies, including:
In addition to these companies, Green Pine has participated in numerous successful exits, including Insight Lifetech, Biren Technology, and Royole, showcasing their ability to identify and nurture high-potential startups.
Li Wei - Founder. Li Wei has over 20 years of experience in technology investment and has been instrumental in shaping Green Pine's investment strategy. His expertise lies in identifying high-potential technology startups.
Luo Fei - Founder. Luo Fei serves as the Chairman and Managing Director of Green Pine Capital Partners. He has a strong background in venture capital and has played a key role in the firm's growth and development.
To pitch Green Pine Capital Partners, founders should use the contact form available on their website at pinevc.com.cn. It is recommended to include a comprehensive pitch deck that outlines the business model, market analysis, and team qualifications. Founders should expect a response within a few weeks, and warm introductions through mutual connections can enhance the likelihood of engagement.
In February 2026, Green Pine Capital Partners achieved a notable exit with Insight Lifetech, marking a successful return on investment. The firm continues to expand its portfolio, with recent investments including AKI Vision in April 2026, focusing on seed-stage opportunities.
In 2024, Green Pine led a significant Pre-A round for New Source Brain Science, demonstrating their active engagement in the technology investment space. The firm has also been involved in numerous investments across China and the United States, reflecting their commitment to supporting innovative startups.
What are Green Pine Capital Partners' investment criteria?
Green Pine Capital Partners focuses on early to growth-stage investments in technology sectors, particularly in digital technology, precision medicine, and innovative materials. They look for startups that demonstrate strong innovation potential and align with their strategic-emerging industry focus.
How can I pitch to Green Pine Capital Partners?
Founders can pitch their startups through the firm’s website at pinevc.com.cn. It is advisable to include a detailed business plan, market analysis, and information on the founding team in the pitch deck.
What makes Green Pine Capital Partners different from other VC firms?
Green Pine Capital Partners has a strong emphasis on technology investments and a deep understanding of the Chinese market. Their extensive network and experience in the technology sector allow them to provide significant strategic guidance to portfolio companies.
What is the typical check size for investments?
Green Pine Capital Partners invests across various stages, with check sizes varying depending on the stage of investment. They engage in pre-seed, seed, seed-plus, Series A, and growth equity rounds, typically aligning their investment size with the needs of the startup.
What is the geographic focus of Green Pine Capital Partners?
The firm primarily focuses on investments within China and Asia, concentrating on sectors that are strategically important to the region's technological advancement.
What kind of support do portfolio companies receive post-investment?
Green Pine Capital Partners provides strategic guidance, access to their extensive network, and resources that foster innovation and growth for their portfolio companies. They are actively involved in supporting the development of their investments.
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