Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
Sinovation Ventures (创新工场) is a prominent venture capital firm based in Beijing, founded in 2009 by Dr. Kai-Fu Lee, who previously served as the president of Google China. The firm manages approximately $3 billion in assets across dual-currency funds in USD and RMB, focusing on early-stage investments in technology and innovation. With a portfolio of 307 companies, Sinovation Ventures has achieved significant milestones, including five unicorns, twelve IPOs, and thirty acquisitions.
The firm operates from multiple offices located in Beijing, Shanghai, Guangzhou, Nanjing, Shenzhen, and Hong Kong, employing a team of 49 professionals, including 22 partners. Sinovation Ventures has established itself as a leader in the venture capital space, particularly in sectors driven by artificial intelligence and advanced technologies.
Sinovation Ventures adopts an AI-first investment strategy, concentrating on sectors such as AI, energy, healthcare, industrial, robotics, SaaS, semiconductor design, and workflow automation. The firm invests across various stages, including Seed, Series A, and Series B, with average check sizes ranging from $1 million to $14 million. Their investment thesis emphasizes supporting companies that are typically 2-3 years post-founding and demonstrate product-market fit (PMF) signals.
The firm has a unique VC+AI venture-building model, which integrates AI expertise into the investment process. This model allows Sinovation Ventures to provide substantial value to its portfolio companies, particularly in navigating the Chinese market and accessing regulatory frameworks. The firm has made 6 investments in the last 12 months, showcasing its active engagement in the technology sector.
Sinovation Ventures boasts a diverse portfolio of 307 companies, including notable names and recent investments. The firm has achieved five unicorns, twelve IPOs, and thirty acquisitions. Key portfolio companies include:
Sinovation Ventures has made significant investments in enterprise applications (78 investments) and high-tech companies (62 investments), reflecting its commitment to nurturing the next wave of deep tech entrepreneurs.
Dr. Kai-Fu Lee: Chairman and CEO, previously president of Google China, with extensive experience in AI and technology investments.
Hua Wang: Managing Partner, specializing in technology investments and market strategy.
Tina Tao: President & Partner, focusing on operational support and portfolio management.
Richard Yang: Managing Partner, with expertise in venture capital and technology sectors.
Hao Xiong: Partner, involved in investment analysis and portfolio development.
Peter Wu: Partner, focusing on strategic investments in high-tech companies.
Wenchao Shen: Partner, specializing in AI and technology-driven startups.
Eagle Zhang: Partner, with a focus on market access and regulatory navigation.
Christine Lang: Partner, involved in marketing and communications strategies.
Lijun Zhang: Partner, focusing on investment opportunities in the healthcare sector.
Bob Ren: Executive Director & General Manager of the Frontier Tech Fund, with a background in technology investments.
Ying Lin: General Counsel & Operating Partner, overseeing legal and compliance matters.
Anita Huang: Chief Marketing Officer & Operating Partner, focusing on brand strategy and market positioning.
Yonggang Wang: Dean of AI Institute, specializing in AI research and development.
Ji Feng: Executive Dean of Nanjing Research Center, focusing on technology innovation and research.
To pitch to Sinovation Ventures, founders should use the online application form available at this link. The pitch deck should include a clear business model, market analysis, and team background. Sinovation Ventures prefers warm introductions but will consider direct applications. Response times may vary, but founders can expect feedback within a few weeks.
Sinovation Ventures operates the Founders Society, a program designed to support CEOs of portfolio companies. This initiative offers specialized boot camps and networking opportunities aimed at enhancing growth and collaboration among founders. The program is tailored to foster connections and share best practices among technology-driven startups.
On January 27, 2026, Sinovation Ventures made a significant investment in Piecoating Tech, marking one of their latest activities in the technology sector. Additionally, the firm participated in a $50 million Series A funding round for HPC-AI Tech, further demonstrating its commitment to supporting innovative companies in the AI space. Over the last twelve months, Sinovation Ventures has completed six investments, maintaining an active presence in the venture capital landscape.
Q?
What are Sinovation Ventures' investment criteria?
Sinovation Ventures primarily invests in early-stage companies, focusing on sectors such as AI, healthcare, and robotics. They prefer companies that are 2-3 years old and show product-market fit signals.
Q?
How can startups apply or pitch to Sinovation Ventures?
Startups can pitch to Sinovation Ventures through their website at this link or by emailing their investment inquiries to ir@chuangxin.com.
Q?
What makes Sinovation Ventures different from other VCs?
Sinovation Ventures integrates AI expertise into its venture-building model, providing unique insights and support for technology-driven startups, particularly in the Chinese market.
Q?
What is the geographic scope of Sinovation Ventures?
Sinovation Ventures primarily invests in China and the United States, leveraging its understanding of both markets to support portfolio companies.
Q?
What is the average check size for investments?
Sinovation Ventures typically invests between $1 million and $14 million, with an average check size of approximately $7 million.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.