About Chengwei Capital
Chengwei Capital is a venture capital firm founded in 1999. It is primarily based out of Shanghai, China. As of Sep 2025, Chengwei Capital has invested in 53 companies. It primarily invests in Series B round in China based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Series C round of Full-Life Technologies Overall, Chengwei Capital portfolio has seen 4 unicorns, 3 IPOs and 4 acquisitions including key companies like Youku Tudou, Sila Nanotechnologies and SiFive. A lot of funds co-invest with Chengwei Capital, with names like Sutter Hill Ventures sharing a substantial percentage of its portfolio. Chengwei Capital has team of 27 people including 10 partners.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 4 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
Chengwei Capital's List of Top Investments
Chengwei Capital has a portfolio of 53 companies, including 4 unicorns. Their most notable investments are in AInnovation and Shangpin.Their portfolio spans across China, United States and Germany. They have invested in Enterprise Applications, High Tech, Retail and 26 other sectors, across stages such as Series A, Series B and 4 more. Here is the list of top investments by Chengwei Capital:1. Youku Tudou
Youku Tudou is a video streaming platform. It uses tri-networks integration model applied on this video-sharing platform that enables users to search, view, and share high-quality video content quickly and easily across multiple devices. Youku Tudou’s offerings are not limited to original user-generated content. Its online video content ranges from user-generated content and self-produced serials to licensed professional content. Offers a space for both individuals and institutions to upload and share their moments, independent films, viral videos, and anything else they create.
Key facts about Youku Tudou
- Founded Year: 2006
- Location: Shanghai (China)
- Stage: Acquired
- Total Funding till date: $110M
- Employee Count: 200 - 499 as on Sep 01, 2025
- Investors: Brookside Capital, Yunfeng Capital and 14 Others
- Latest Funding Round: Post IPO, Apr 28, 2014, $*****
- Highlight: Acquired
Provider of nanotech-based lithium-ion batteries for diversified applications. It provides uers with a company that has developed a nanomaterial that works as a drop-in replacement for the existing battery manufacturing process. It claims to enable higher energy density in current batteries for multiple areas including wearables, portable electronics, mass adoption of electric vehicles, and the practical use of renewable energy.
Key facts about Sila Nanotechnologies
- Founded Year: 2011
- Location: Alameda (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $1.31B
- Employee Count: 358 as on Dec 31, 2023
- Investors: Avitas Capital, Mercedes-Benz and 25 Others
- Latest Funding Round: Series G, Jun 27, 2024, $*****
- Highlight: Editors' Pick
3. SiFive
Developer of RISC-V core IP, boards, software, and tools. They provide solutions for AI, automotive, edge computing, IoT, and data centers. Their products include core IP, boards, and software development tools. The company offers a range of core IP products across essential, intelligence, performance, and automotive families. They also provide software and tools for core design, security, and debugging.
Key facts about SiFive
- Founded Year: 2015
- Location: San Mateo (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $366M
- Employee Count: 174 as on Dec 31, 2024
- Investors: Qualcomm Ventures, Osage University Partners and 20 Others
- Latest Funding Round: Series F, Mar 16, 2022, $*****
- Highlight: Editors' Pick
Key facts about DotC United Group
- Founded Year: 2015
- Location: Shanghai (China)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $395M
- Employee Count: 10 - 49 as on Sep 01, 2025
- Investors: 5Y Capital, BAI Capital and 5 Others
- Latest Funding Round: Series B, Jun 2017, $*****
5. Tandem AI
AI-based drug discovery tool for researchers. The company offers a proprietary web-based platform to increase the speed of drug discovery and deliver cost-effective opportunities to the global scientific community.
Key facts about Tandem AI
- Founded Year: 2021
- Location: New York (United States)
- Stage: Series A
- Total Funding till date: $82M
- Employee Count: 17 as on Jul 01, 2024
- Investors: Orbimed, F-Prime Capital and 4 Others
- Latest Funding Round: Series A, Nov 14, 2025, $*****
- Highlight: Editors' Pick
Chengwei Capital's Year-on-Year Investment Trends
Chengwei Capital has invested in 53 companies over the last 22 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Medicalequipment-msl and most recent follow-on round was in Full-Life Technologies.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 1 | 1 | 2 |
2023 | 3 | 0 | 3 |
2022 | 5 | 0 | 5 |
2021 | 5 | 0 | 5 |
2020 | 1 | 0 | 1 |
2019 | 1 | 4 | 5 |
2018 | 4 | 3 | 7 |
2017 | 8 | 2 | 10 |
Chengwei Capital's Investments by Stage
Chengwei Capital has made 20 investments in Series A stage with an average round size of $20M, 15 investments in Series B stage with an average round size of $25.5M and 10 investments in Seed stage with an average round size of $9.26M.Stage of entry | No. of Investments |
|---|---|
Series A | 20 |
Series B | 15 |
Seed | 10 |
Series C | 5 |
Angel | 2 |
Others | 1 |
Note: We have considered here, only first round of investments
Chengwei Capital's Investments by Sector
Chengwei Capital has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, High Tech, Retail and Media & Entertainment. Notably, it has invested in 44 Tech companies, 27 Enterprise (B2B) companies, 21 Consumer (B2C) companies and at least 18 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 17 |
Enterprise Applications | 17 |
High Tech | 9 |
Retail | 9 |
Media & Entertainment | 7 |
Others | 65 |
Note: We have considered here, only first round of investments
Chengwei Capital's Investments by Geography
Chengwei Capital has made most investments in China (42), followed by United States where it has made 9 investments.Country | No. of Investments |
|---|---|
China | 42 |
United States | 9 |
Germany | 1 |
Note: We have considered here, only first round of investments
Chengwei Capital's recent investments
Chengwei Capital has not made any investment in 2026 so far.Here are the most recent investments by Chengwei Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 30, 2025 | China | Series C | 5676 | [+7] | |
Oct 25, 2024 | China | Series A | 5867 | - | |
Jan 03, 2024 | China | Series B | 2636 | [+5] | |
Nov 30, 2023 | China | Seed | 1716 | - | |
Jun 20, 2023 | China | Seed | 7347 | - |
Unicorns in Chengwei Capital's Portfolio
Chengwei Capital has 4 unicorns in its portfolio - SiFive, Sila Nanotechnologies, DotC United Group and others. The most recent unicorn in their portfolio is SiFive. It became a unicorn in 2022, 3 years after Chengwei Capital first invested in it.Here is a list of unicorns in Chengwei Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
65 | Developer of RISC-V core IP, boards, software, and tools | 2015 | San Mateo | Series F | rhylemo | ||
66 | Provider of nanotech-based lithium-ion batteries for diversified applications | 2011 | Alameda | Series G | onjanrm | ||
64 | - | 2015 | Shanghai | Series B | cribbfk | ||
44 | Developer of mobile apps related to mobile personalization | 2014 | Beijing | Series C | wm{ytey |
IPOs and Publicly Listed companies in Chengwei Capital's Portfolio
3 of Chengwei Capital's portfolio companies have become public. AInnovation got listed on the Hong Kong Exchanges (HKG), in Jan 2022 at marketcap of $1.96B and Qutoutiao got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $84M.Here are Chengwei Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 26, 2022 | May 2018 | Seed | 7022 | |
Sep 13, 2018 | 2017 | Series A | 9771 | |
Oct 31, 2013 | Jan 2010 | Series A | 5697 |
Acquired companies in Chengwei Capital's Portfolio
4 companies from Chengwei Capital's portfolio have been acquired. The most recent acquisition were Sensely in Jun 2024 by Mediktor.Here are Chengwei Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 04, 2024 | Feb 14, 2017 | Series B | 9144 | |
Feb 26, 2021 | Oct 19, 2016 | Series A | 5485 | |
Oct 16, 2015 | Dec 12, 2006 | Series B | 1253 | |
May 15, 2015 | May 10, 2011 | Series C | 8244 |
Team profile of Chengwei Capital
Chengwei Capital has a team of 27 members including 10 Partners, 2 Venture Partners and 7 Principals located in China, United States and 2 more locations. Chengwei Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Chengwei Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Shanghai | - | ||
Partner | Jing an | - | ||
Partner | China | - | - | |
Partner | China | - | ||
Partner | Colombia | - | ||
Partner | Shanghai | - | ||
Partner | China | - | - | |
Partner | China | - | - | |
Partner | Boston | - | ||
Partner | China | - | ||
Venture Partner | New York City | - |
Co-investors of Chengwei Capital
Over the past 22 years, 227 investors have co-invested in Chengwei Capital's portfolio companies. This includes only funds.
- Invested before Chengwei Capital: Matrix Partners China, Source Code Capital and 42 others have invested in rounds before Chengwei Capital. There are 4 companies where Matrix Partners China has invested before Chengwei Capital and 3 companies where Source Code Capital has invested before Chengwei Capital.
- Top Co-investors of Chengwei Capital: 63 investors entered a company along with Chengwei Capital. These include investors like Sutter Hill Ventures (2 companies).
- Invested after Chengwei Capital: A total of 120 investors have invested in Chengwei Capital's portfolio after their investments. Top Investors include Alibaba Group (3 companies), Coatue (2 companies) and Prosperity7 Ventures (2 companies).
Recent News related to Chengwei Capital
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Full-Life Technologies Announces US$77 Million Financing to Accelerate Radiopharmaceutical DevelopmentPR Newswire•Sep 30, 2025•Junson Capital, Full-Life Technologies, Gordian Ventures, HSG and 5 others
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Perpetual Medicines Raises $8M in Seed FundingFinSMEs•Dec 01, 2023•Perpetual Medicines, Chengwei Capital
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TandemAI Raises $25M Seed & Pre-Series A FinancingFinSMEs•Dec 23, 2021•Tandem AI, Orbimed, Chengwei Capital
