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Monad Ventures, known as 初心资本, is an early-stage investment fund founded in June 2015 and headquartered in Beijing, China. The firm focuses on the technology and internet sectors, particularly enterprise software and technological innovation. Since its inception, Monad Ventures has established itself as a key player in the early-stage investment landscape, supporting entrepreneurs and next-generation business leaders in harnessing technology to create impactful solutions.
As of mid-2025, Monad Ventures manages a portfolio of approximately 151 companies, with a total fund size of $150 million. The firm has gained recognition for its conviction-driven investment approach, particularly in the enterprise software domain. Notable milestones include being the first institutional backer of PingCAP, which became China's first open-source unicorn. The firm operates primarily in Asia, with a strong emphasis on the Chinese market.
Monad Ventures has also organized events such as Demo Days to facilitate connections between portfolio companies and potential investors, showcasing their commitment to fostering growth within their portfolio. The firm continues to actively deploy capital into promising startups, maintaining a focus on early-stage investments.
Monad Ventures specializes in investing in early-stage startups within the technology and internet sectors. Their investment strategy encompasses a variety of themes, including enterprise software, application software, infrastructure software, and exploratory investments in areas such as Web3, frontier technology, sustainability, B2B, and IoT. The firm primarily targets companies at the pre-seed, seed, seed-plus, and Series A stages, allowing them to support startups during their formative years.
The check sizes for investments typically align with early-stage funding rounds, although specific figures are not disclosed. Monad Ventures seeks to partner with founders who demonstrate a strong vision and the ability to leverage technology for impactful solutions. The firm emphasizes the importance of strategic guidance and industry connections, which they provide to their portfolio companies to help them scale effectively.
Monad Ventures has invested in a diverse array of approximately 151 early-stage startups, showcasing a strong presence in the technology sector. Notable companies in their portfolio include:
This portfolio reflects Monad Ventures' commitment to investing in technology-driven solutions across various sectors, including SaaS, AI, robotics, e-commerce, and industrial technology.
Norah Tian: Managing Partner at Monad Ventures, Norah has extensive experience in venture capital and technology investments. She has played a pivotal role in leading investments in several successful startups.
Max Xu: Partner at Monad Ventures, Max specializes in enterprise software and has a strong background in technology investments. He has been instrumental in identifying promising startups in the sector.
Vivian Zhang: Vice President at Monad Ventures, Vivian focuses on operational support for portfolio companies and has a keen eye for market trends.
Ada Qi: Vice President at Monad Ventures, Ada brings expertise in strategic partnerships and business development, helping portfolio companies scale effectively.
To pitch Monad Ventures, founders should send their business plans via email to bp@monadventures.com. It is recommended to include a comprehensive deck that outlines the business model, market analysis, and financial projections. While there is no formal application portal, a well-crafted email pitch can capture the firm's attention. Response times may vary, but founders should expect to hear back within a few weeks.
Monad Ventures organizes Demo Days twice a year, providing a platform for portfolio companies to showcase their innovations to potential investors. These events facilitate networking opportunities and help startups secure subsequent financing.
On June 5, 2025, Monad Ventures made a notable investment in BlueSky Aviation Technology, further expanding its portfolio in the technology sector. This investment aligns with the firm's focus on early-stage companies in the technology and internet sectors.
As of mid-2025, Monad Ventures continues to actively deploy capital, maintaining a portfolio of 151 investments. The firm has established a reputation for identifying and supporting innovative startups in China, particularly in enterprise software and technological innovation.
What are Monad Ventures' investment criteria?
Monad Ventures focuses on early-stage startups in the technology and internet sectors, particularly those involved in enterprise software, application software, and infrastructure software. They also explore investments in Web3, sustainability, and IoT.
How can I apply or pitch to Monad Ventures?
Founders can pitch their business plans to Monad Ventures via email at bp@monadventures.com. It is advisable to include a detailed business plan and any relevant financial projections.
What makes Monad Ventures different from other investors?
Monad Ventures is known for its conviction-driven approach, particularly in the enterprise software space. They have a strong track record of identifying promising startups early, as evidenced by their early investment in PingCAP.
What is Monad Ventures' geographic scope?
The firm primarily invests in Asia, with a strong focus on the Chinese market. They are particularly interested in startups that can leverage technology to create impactful solutions within this region.
What kind of post-investment involvement does Monad Ventures have?
Monad Ventures actively supports its portfolio companies by providing strategic guidance, facilitating industry connections, and helping them navigate challenges as they scale.
What is the typical fund size and check size for Monad Ventures?
Monad Ventures has a total fund size of $150 million, focusing on early-stage investments. While specific check sizes are not disclosed, they typically align with pre-seed to Series A funding rounds.
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