About Green Pine Capital Partners
Green Pine Capital Partners is a venture capital firm founded in 1997. It is primarily based out of Beijing, China. As of Aug 2026, Green Pine Capital Partners is an active investor, having invested in 233 companies, with 9 new investments in the last 12 months. It primarily invests in Series A round in China based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Life Sciences. Most recently it participated in the $***** Seed round of Io Ai Overall, Green Pine Capital Partners portfolio has seen 1 unicorn, 19 IPOs and 3 acquisitions including key companies like Pony.ai, UBTECH and Biren Technology. A lot of funds co-invest with Green Pine Capital Partners, with names like CoStone Capital sharing a substantial percentage of its portfolio. Green Pine Capital Partners has team of 8 people including 5 partners.Key Metrics
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 6 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Green Pine Capital Partners' List of Top Investments
Green Pine Capital Partners has a portfolio of 233 companies, one of which is a Unicorn. Their most notable investments are in Tian Tian Xuenong and Zhongnong Seed Source.Their portfolio spans across China, United States and Japan. They have invested in High Tech, Enterprise Applications, Life Sciences and 36 other sectors, across stages such as Series A, Seed and 6 more. Here is the list of top investments by Green Pine Capital Partners:1. DJI
Manufacturer of camera drones handheld stabilizers and intelligent agricultural equipment. Products include aerial photography platforms, gimbal systems for video production, and automated machinery for crop management. The business provides hardware for transportation, delivery, and professional filmmaking. Support services include maintenance programs and technical assistance for hardware operation.
Key facts about DJI
2. Pony.ai
The company specializes in developing autonomous driving technology for robotaxis, robotrucks, and POVs. Its core focus is on creating advanced autonomous driving systems designed to provide tailored solutions across multiple industries. By leveraging cutting-edge autonomous mobility technology and services, the company aims to enhance transportation efficiency, safety, and accessibility in diverse use cases.
Key facts about Pony.ai
- Founded Year: 2016
- Location: Fremont (United States)
- Stage: Public
- Total Funding till date: $1.19B
- Employee Count: 511 as on Aug 31, 2026
- Investors: Toyota, DCM Ventures and 34 Others
- Latest Funding Round: Post IPO, Dec 02, 2024, $*****
- Highlight: Public
3. UBTECH
Provider of service robots for diversified applications. It develops programmable intelligent humanoid robots for learning. The robot has been designed as a family robot to help out in domestic tasks and also act as a personal assistant. The robot has 20 joints and can replicate the movements of the human body. The robot can act as a home guard and is remotely controllable over the internet. Apart from Alpha, the firm also makes children's robot called Jimu and Delta - a robotic kit, and a patrolling robot called Darwin.
Key facts about UBTECH
- Founded Year: 2012
- Location: Shenzhen (China)
- Stage: Public
- Total Funding till date: $1.34B
- Employee Count: 358 as on Aug 31, 2026
- Investors: CreditEase, Infini Capital Management and 26 Others
- Latest Funding Round: Post IPO, Aug 31, 2025, $*****
- Highlight: Public
Developer of AI acceleration modules, cards, and software development platforms. The company provides products applicable to AI data centers, telecommunications, AI solutions, and the energy sector. Its offerings include air-cooled OAM modules, liquid-cooled OAM modules, and high-performance AI acceleration cards. It also develops software for hardware and software co-innovation.
Key facts about Biren Technology
- Founded Year: 2019
- Location: Minhang (China)
- Stage: Public
- Total Funding till date: $904M
- Employee Count: 120 as on Aug 31, 2026
- Investors: Ping An, Greater Bay Area Homeland Investments and 38 Others
- Latest Funding Round: Series C, Jun 26, 2025, $*****
- Highlight: Public
5. SenseTime
AI based platform offering image recognition solutions. It is focused on creating a better AI-empowered future through innovation. It is committed to advancing the state of the art in AI research, developing scalable and affordable AI software platforms that benefit businesses, people and society as a whole, while attracting and nurturing top talents to shape the future together. It invest in its original and cutting-edge research that allows to offer and continuously improve industry-leading AI capabilities in universal multimodal and multi-task models, covering key fields across perception intelligence, natural language processing, decision intelligence, AI-enabled content generation, as well as key capabilities in AI chips, sensors and computing infrastructure.
Key facts about SenseTime
- Founded Year: 2014
- Location: Hong Kong (China)
- Annual Revenue: $1B+ as on Dec 31, 2022
- Stage: Public
- Total Funding till date: $2.82B
- Employee Count: 2,220 as on Aug 31, 2026
- Investors: Silver Lake, Qualcomm Ventures and 66 Others
- Latest Funding Round: Post IPO, Apr 20, 2026, $*****
- Highlight: Public
Green Pine Capital Partners' Year-on-Year Investment Trends
Green Pine Capital Partners has invested in 233 companies over the last 20 years, with an average of 9 new investments annually in the last 10 years. In 2025, it made 2 investments, while as of Aug 2026, it has made 8 investments in this year. Its most recent first time investment was in Io Ai and most recent follow-on round was in Readline.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 8 | 0 | 8 |
2025 | 1 | 1 | 2 |
2024 | 1 | 0 | 1 |
2023 | 0 | 0 | 0 |
2022 | 11 | 2 | 13 |
2021 | 15 | 5 | 20 |
2020 | 17 | 3 | 20 |
2019 | 10 | 3 | 13 |
2018 | 13 | 2 | 15 |
2017 | 11 | 2 | 13 |
Green Pine Capital Partners' Investments by Stage
Green Pine Capital Partners has made 66 investments in Series A stage with an average round size of $23.6M, 33 investments in Seed stage with an average round size of $7.99M and 14 investments in Series B stage with an average round size of $82.3M.Stage of entry | No. of Investments |
|---|---|
Series A | 66 |
Seed | 33 |
Series B | 14 |
Series C | 9 |
Angel | 8 |
Others | 4 |
Note: We have considered here, only first round of investments
Green Pine Capital Partners' Investments by Sector
Green Pine Capital Partners has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Life Sciences, Consumer and Industrial Goods and Manufacturing. Notably, it has invested in 120 Enterprise (B2B) companies, 118 Tech companies, 61 Software companies and at least 49 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
High Tech | 40 |
Enterprise Applications | 31 |
Life Sciences | 16 |
Consumer | 13 |
Industrial Goods and Manufacturing | 11 |
Others | 120 |
Note: We have considered here, only first round of investments
Green Pine Capital Partners' Investments by Geography
Green Pine Capital Partners has made most investments in China (115), followed by United States where it has made 10 investments.Country | No. of Investments |
|---|---|
China | 115 |
United States | 10 |
Japan | 1 |
Note: We have considered here, only first round of investments
Green Pine Capital Partners' recent investments
Green Pine Capital Partners has made 8 investments in 2026 so far. Io Ai and CANCHEN TECH are the latest among them.Here are the most recent investments by Green Pine Capital Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 12, 2026 | China | Seed | 8089 | [+1] | |
Aug 03, 2026 | - | Seed | 2969 | ||
Jul 14, 2026 | - | Angel | 4550 | ||
Jul 01, 2026 | China | Angel | 4317 | - | |
Jun 05, 2026 | - | Angel | 5926 |
Unicorns in Green Pine Capital Partners' Portfolio
Green Pine Capital Partners has 1 unicorn in its portfolio - Royole. The most recent unicorn in their portfolio is Royole which became a unicorn in 2016, 4 years after Green Pine Capital Partners first invested in it.Here is a list of unicorns in Green Pine Capital Partners' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
60 | Manufacturer of flexible displays | 2012 | - | Fremont | Series F | hmhdnbr |
IPOs and Publicly Listed companies in Green Pine Capital Partners' Portfolio
19 of Green Pine Capital Partners' portfolio companies have become public. BASiC Semiconductor got listed on the Hong Kong Exchanges (HKG), in Jul 2026 at marketcap of $1.23B and Nationz got listed on the Hong Kong Exchanges (HKG) at marketcap of $936M.Here are Green Pine Capital Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 08, 2026 | Sep 18, 2021 | Series C | 3096 | |
Mar 23, 2026 | - | - | 8763 | |
Feb 05, 2026 | Apr 07, 2020 | Series B | 4429 | |
Jan 02, 2026 | Jun 15, 2020 | Series A | 9490 | |
Aug 11, 2025 | Aug 04, 2021 | Series C | 4010 |
Acquired companies in Green Pine Capital Partners' Portfolio
3 companies from Green Pine Capital Partners' portfolio have been acquired. The most recent acquisition was Founder Group in May 2021 by Ping An for $*****.Here are Green Pine Capital Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 01, 2021 | - | - | 8354 | |
Mar 26, 2015 | - | - | 9279 | |
Apr 25, 2011 | - | - | 9808 |
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Team profile of Green Pine Capital Partners
Green Pine Capital Partners has a team of 8 members including 5 Partners located in China. Green Pine Capital Partners' team does not sit on the board of any company as of now.Here is a list of all team members in Green Pine Capital Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | China | - | - | |
Partner | - | - | ||
Partner | Shenzhen | - | ||
Partner | Shenzhen | - | ||
Partner | - | - |
Co-investors of Green Pine Capital Partners
Over the past 20 years, 656 investors have co-invested in Green Pine Capital Partners's portfolio companies. This includes funds and angels.
- Invested before Green Pine Capital Partners: IDG Capital, Sequoia Capital and 114 others have invested in rounds before Green Pine Capital Partners. There are 7 companies where IDG Capital has invested before Green Pine Capital Partners and 3 companies where Sequoia Capital has invested before Green Pine Capital Partners.
- Top Co-investors of Green Pine Capital Partners: 218 investors entered a company along with Green Pine Capital Partners. These include investors like CoStone Capital (8 companies).
- Invested after Green Pine Capital Partners: A total of 322 investors have invested in Green Pine Capital Partners's portfolio after their investments. Top Investors include Shenzhen Capital Group (5 companies), Hillhouse (4 companies) and CoStone Capital (4 companies).
Recent News related to Green Pine Capital Partners
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Redelin Bio received over 500 million yuan in Series C financingfromgeek.com•Feb 24, 2025•Readline, CoStone Capital, , Green Pine Capital Partners
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Chinese chip industry player DJEL raises $140m in fresh fundingShareandstocks•Nov 25, 2022•Green Pine Capital Partners, Xinding Capital, Nuo Capital, Dongfang Jingyuan Microelectronics Technology and 1 other
