About Kaiwu Capital
Kaiwu Capital is a venture capital firm located in Beijing, China. As of Dec 2019, Kaiwu Capital has invested in 38 companies. It primarily invests in Seed round in China based startups. Its investments are spread across a wide range of sectors from High Tech to Life Sciences and Enterprise Applications. Most recently it participated in the $***** Series A round of Feibo Education Overall, Kaiwu Capital portfolio has seen 2 IPOs and 3 acquisitions including key companies like Linekong, Crown Bioscience and Sagent Pharma. A lot of funds co-invest with Kaiwu Capital, with names like NHN Investment sharing a substantial percentage of its portfolio. Kaiwu Capital has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Kaiwu Capital's List of Top Investments
Kaiwu Capital has a portfolio of 38 companies. Their most notable investments are in Reach Surgical and Chiral Quest.Their portfolio spans across China and United States. They have invested in High Tech, Life Sciences, Enterprise Applications and 20 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Kaiwu Capital:1. Linekong
Linekong is a Chinese online game developer and distributor. Founded in 2007 and starting with PC-based games, Linekong shifted focus to mobile games in 2013. Different from most mobile gaming businesses that start from casual games, Linekong began with mid-heavy games. Three such mobile games, Excalibur, Sword of Heaven and Blade of God, have been launched since March 2013, with the former two being developed in house. Mobile gaming contributed 83.6% of its total revenues in the first quarter of 2014. In 2012, almost all the revenues were from PC-based games. Apart from self-developed and licensed games, Linekong also offers advertising/marketing and other game-related services, such as OKSDK that is for third-party games to publish games on Linekong’s platform 8864.com. The company has partnered with some 200 Chinese channels, app stores, smartphone brands and telecom operators, to promote self-developed and licensed games.
Key facts about Linekong
- Founded Year: 2007
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $135M
- Employee Count: 177 as on Sep 30, 2026
- Investors: GeniLink Capital, NLVC and 6 Others
- Latest Funding Round: Series D, May 30, 2014, $*****
- Highlight: Public
Crown Bioscience develops drugs for cancer and CVMD (Cardiovascular and Metabolic Diseases). The company’s proprietary platform includes HuPrime that is a patient-derived xenograft (PDX) models which can be used for efficacy testing. It also offers oncology services, such as oncology databases, ex vivo services, human surrogate trials, in vitro and in vivo services, preclinical models (PDX, Humanized and Murine efficacy/PD) for CAR-T Therapy Evaluation (immuno-oncology) etc., CrownBio also has a variety of rodent and mouse models for the development of drugs for CVMD. The company also offers products, such as antibodies for in vivo and in-vitro studies, tissues for CVMD research, tumor samples for Oncology R&D, cytokines and growth factors for use in basic and preclinical research, recombinant proteins and cell lines for biological studies, immune checkpoint antibodies and tumor tissue microarrays. CrownBio has strategic partnerships with Xstrahl, a designer, and manufacturer of X-Ray solutions for radiation biology research and Horizon Discovery, a provider of advanced research tools and services for the development of personalized medicines. CrownBio acquired PreClinOmics, an in vivo preclinical company specializing in CVMD and renal disease research. The company has spun-off CBT pharmacueticals, an emerging life science oncology company.
Key facts about Crown Bioscience
- Founded Year: 2006
- Location: Santa Clara (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $85.9M
- Employee Count: 560 as on Sep 30, 2026
- Investors: The CID Group, Industrial Technology Investment Corporation and 16 Others
- Latest Funding Round: Grant (prize money), Sep 01, 2017, $*****
- Highlight: Acquired
3. Bossa Nova
Bossa Nova Robotics provides in-store mobile information dispensing robots that can move autonomously around the stores. The company's robot leverages artificial intelligence and big data techniques to automate the collection and analysis of on-shelf inventory data by monitoring product stock, thereby helping retail companies to keep track of the inventory on their shelve. The robots are capable of scanning products on the shelves to ascertain the levels of inventory and help consumers in locating the shelves of particular products. It is equipped with a range of sensors to avoid bumping into things and humans.
Key facts about Bossa Nova
- Founded Year: 2005
- Location: San Francisco (United States)
- Stage: Series C
- Total Funding till date: $69.6M
- Employee Count: 234 as on Sep 30, 2026
- Investors: Intel, Samsung Catalyst Fund and 16 Others
- Latest Funding Round: Series C, Jun 21, 2018, $*****
4. Avegant
Avegant develops hardware and software-based light field technology solutions. The company has developed a new mixed reality platform which will enable companies to develop products using their technology. Features include refining concepts with visual models, transform 2D models and sketches into 3D assets, create blueprints and schematics for structures, systems etc, collaborate with other engineers and team members, etc. Additionally, the company also develops video headsets. Its product Glyph is a virtual retinal display device, which can also be used as a headphone, which projects light onto the eyes of the user instead of an LCD screen. Applications include healthcare and communication.
Key facts about Avegant
- Founded Year: 2012
- Location: Belmont (United States)
- Stage: Series C
- Total Funding till date: $81.7M
- Employee Count: 39 as on Sep 30, 2026
- Investors: Intel, Applied Materials and 12 Others
- Latest Funding Round: Series C, May 09, 2025, $*****
- Highlight: Editors' Pick
Provider of injectable generic pharmaceuticals. This company offers a portfolio of products spanning multiple therapeutic categories and various packaging configurations, including vials, syringes, and premix bags. They are dedicated to meeting the needs of patients and healthcare providers. The company also offers smart labeling to help reduce medication errors. Their team provides support to customers within the healthcare system.
Key facts about Sagent Pharma
- Founded Year: 2006
- Location: Schaumburg (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2015
- Stage: Acquired
- Total Funding till date: $153M
- Employee Count: 220 as on Sep 30, 2026
- Investors: MidCap Financial, Vivo Capital and 3 Others
- Latest Funding Round: Series B, Apr 05, 2010, $*****
- Highlight: Acquired
Kaiwu Capital's Year-on-Year Investment Trends
Kaiwu Capital has invested in 38 companies over the last 13 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Feibo Education and most recent follow-on round was in Gongyingshi.Kaiwu Capital's Investments by Stage
Kaiwu Capital has made 3 investments in Seed stage with an average round size of $380K, 3 investments in Series A stage with an average round size of $7.92M, 2 investments in Series C stage with an average round size of $27.5M and 1 investment in Series D stage.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 3 |
Series C | 2 |
Series D | 1 |
Note: We have considered here, only first round of investments
Kaiwu Capital's Investments by Sector
Kaiwu Capital has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, HealthTech, Life Sciences and Business Services. Notably, it has invested in 25 Tech companies, 22 Enterprise (B2B) companies, 9 Consumer (B2C) companies and at least 8 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 2 |
Enterprise Applications | 2 |
HealthTech | 2 |
Life Sciences | 2 |
Business Services | 1 |
Others | 7 |
Note: We have considered here, only first round of investments
Kaiwu Capital's Investments by Geography
Kaiwu Capital has made most investments in China (8), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
China | 8 |
United States | 1 |
Note: We have considered here, only first round of investments
Kaiwu Capital's recent investments
Kaiwu Capital has not made any investment in 2026 so far.Here are the most recent investments by Kaiwu Capital:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 27, 2019 | China | Series A | 7110 | ||
Sep 17, 2018 | China | Seed | 2115 | - | |
Jun 2016 | China | Seed | 5543 | - | |
Feb 17, 2016 | China | Series C | 9716 | ||
Aug 31, 2015 | China | Series A | 8397 |
IPOs and Publicly Listed companies in Kaiwu Capital's Portfolio
2 of Kaiwu Capital's portfolio companies have become public. ChineseAll got listed on the Shenzhen Stock Exchange (SZSE), in Jan 2015 at marketcap of $131M and Linekong got listed on the Hong Kong Exchanges (HKG).Here are Kaiwu Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 21, 2015 | - | - | 8173 | |
Dec 30, 2014 | - | - | 8134 |
Acquired companies in Kaiwu Capital's Portfolio
3 companies from Kaiwu Capital's portfolio have been acquired. The most recent acquisition was Crown Bioscience in Nov 2025 by Aidikang Medical Laboratory Center for $*****.Here are Kaiwu Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 13, 2025 | - | - | 3321 | |
Jun 01, 2019 | Oct 2013 | Series D | 2277 | |
Jul 10, 2016 | - | - | 2603 |
Team profile of Kaiwu Capital
Kaiwu Capital has a team of 2 members including 2 Partners located in China. Kaiwu Capital's team does not sit on the board of any company as of now.Co-investors of Kaiwu Capital
Over the past 13 years, 31 investors have co-invested in Kaiwu Capital's portfolio companies. This includes funds and angels.
- Invested before Kaiwu Capital: CBC Capital, KAI Investments and 9 others have invested in rounds before Kaiwu Capital. There are 2 companies where CBC Capital has invested before Kaiwu Capital and 1 company where KAI Investments has invested before Kaiwu Capital.
- Top Co-investors of Kaiwu Capital: 11 investors entered a company along with Kaiwu Capital. These include investors like NHN Investment (1 company).
- Invested after Kaiwu Capital: A total of 9 investors have invested in Kaiwu Capital's portfolio after their investments. Top Investors include Liaison Interactive (1 company), Intel Education Accelerator (1 company) and Applied Materials (1 company).
Recent News related to Kaiwu Capital
•
•
Avegant Raises More Than $9 Million to Beam Video Directly to Eyeballs - Venture Capital Dispatch - WSJ
The Wall Street Journal•Avegant, DN Capital, 500 Global, Kaiwu Capital and 4 others