About Linear Venture
Linear Venture is a venture capital firm founded in 2014. It is primarily based out of Shanghai, China. As of Sep 2026, Linear Venture is an active investor, having invested in 153 companies, with 13 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 Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Angel round of ZIGLEAP Overall, Linear Venture portfolio has seen 8 unicorns, 2 IPOs and 5 acquisitions including key companies like Agile Robots, Tezign and Kujiale. A lot of funds co-invest with Linear Venture, with names like Hillhouse sharing a substantial percentage of its portfolio. Linear Venture has team of 16 people including 8 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio Soonicorns
Linear Venture's List of Top Investments
Linear Venture has a portfolio of 153 companies, including 8 unicorns. Their most notable investments are in Haoli Technology and GritWorld.Their portfolio spans across China, United States, Singapore and 8 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 31 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Linear Venture:
1. Agile Robots
Developer of next-generation automation solutions combining artificial intelligence and robotics. By integrating artificial intelligence with robotics, the company creates systems that make industrial processes smarter, more flexible, and more efficient. The technology focuses on enabling robots to perceive, interpret, and act within complex environments, supporting tasks that require precision and reliability. The company provides a comprehensive portfolio of robotic products, including robotic arms and humanoid systems, designed to advance industrial production and support human-robot interaction.
Key facts about Agile Robots
- Founded Year: 2018
- Location: Munich (Germany)
- Annual Revenue: €50M - €100M as on Dec 31, 2023
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $250M
- Employee Count: 812 as on Sep 30, 2026
- Investors: SoftBank Vision Fund, Hillhouse and 15 Others
- Latest Funding Round: Series C, Apr 23, 2022, $*****
2. Tezign
Provider of digital infrastructure for brand content creation, management, and distribution. The platform offers tools for asset organization, workflow automation, and omnichannel distribution. It features AI-powered capabilities for content tagging, search, and video creation. The system supports brand guideline adherence and content screening across various channels.
Key facts about Tezign
3. Cobo
Provider of digital asset custody and wallet infrastructure solutions. The company offers wallet technologies, APIs, and a multi-layer security matrix. It provides custodial, MPC, smart contract, and exchange wallets. The company supports multiple blockchains and tokens. It offers services for exchanges, payments, treasury, and asset management. The company provides tools for token onboarding, policy controls, and compliance.
Key facts about Cobo
- Founded Year: 2017
- Location: Singapore (Singapore)
- Stage: Series B
- Total Funding till date: $70M
- Employee Count: 128 as on Sep 30, 2026
- Investors: DHVC, DST Global and 8 Others
- Latest Funding Round: Series B, Sep 23, 2021, $*****
- Highlight: Editors' Pick
4. Kujiale
Kujiale is online home decoration and furnishing information platform and a tech platform to design sketches. The company's online platforms allow users to quickly generate design sketches to decorate and furnish their homes, as well as providing information and networking solutions on home design. The user can employ digital tools to remodel room configurations, design a new house and obtain renovation plans and quotes free of charge.
Key facts about Kujiale
Provider of an IoT platform for smart home and device solutions. The platform supports multiple IoT systems within a unified user experience. It enables the creation or augmentation of connected solutions. The platform strengthens security and privacy while reducing potential risks. It allows for the development of differentiated products with enhancements.
Key facts about Ayla Networks
- Founded Year: 2010
- Location: Milpitas (United States)
- Stage: Series D
- Total Funding till date: $144M
- Employee Count: 144 as on Sep 30, 2026
- Investors: Black River Ventures, Rotating Boulder Fund and 20 Others
- Latest Funding Round: Series D, Dec 06, 2021, $*****
- Highlight: Editors' Pick
Linear Venture's Year-on-Year Investment Trends
Linear Venture has invested in 153 companies over the last 12 years, with an average of 10 new investments annually in the last 10 years. In 2025, it made 8 investments, while as of Sep 2026, it has made 14 investments in this year. Its most recent first time investment was in ZIGLEAP and most recent follow-on round was in Whale.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 10 | 4 | 14 |
2025 | 7 | 1 | 8 |
2024 | 5 | 4 | 9 |
2023 | 9 | 3 | 12 |
2022 | 14 | 7 | 21 |
2021 | 13 | 13 | 26 |
2020 | 8 | 9 | 17 |
2019 | 14 | 7 | 21 |
2018 | 12 | 5 | 17 |
2017 | 6 | 1 | 7 |
Linear Venture's Investments by Stage
Linear Venture has made 51 investments in Seed stage with an average round size of $5.39M, 33 investments in Series A stage with an average round size of $15.9M, 22 investments in Angel stage with an average round size of $31.1M, 6 investments in Series B stage with an average round size of $12.3M and 5 investments in Series C stage with an average round size of $150M.Stage of entry | No. of Investments |
|---|---|
Seed | 51 |
Series A | 33 |
Angel | 22 |
Series B | 6 |
Series C | 5 |
Note: We have considered here, only first round of investments
Linear Venture's Investments by Sector
Linear Venture has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, FinTech and Vertical SaaS. Notably, it has invested in 115 Tech companies, 87 Enterprise (B2B) companies, 74 Software companies and at least 45 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 49 |
High Tech | 35 |
Consumer | 15 |
FinTech | 10 |
Vertical SaaS | 10 |
Others | 140 |
Note: We have considered here, only first round of investments
Linear Venture's Investments by Geography
Linear Venture has made most investments in China (79), followed by Singapore where it has made 7 investments.Country | No. of Investments |
|---|---|
China | 79 |
Singapore | 7 |
United States | 7 |
Germany | 3 |
Switzerland | 3 |
Others | 8 |
Note: We have considered here, only first round of investments
Linear Venture's recent investments
Linear Venture has made 14 investments in 2026 so far. ZIGLEAP and Whale are the latest among them.Here are the most recent investments by Linear Venture:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 13, 2026 | China | Angel | 1803 | [+1] | |
Jul 16, 2026 | Singapore | Series C | 7378 | ||
Jun 29, 2026 | United States | Seed | 9303 | ||
Jun 26, 2026 | - | Angel | 1094 | [+7] | |
Jun 16, 2026 | - | Seed | 7723 | [+2] |
Unicorns in Linear Venture's Portfolio
Linear Venture has 8 unicorns in its portfolio - Rokid, Tezign, Agile Robots and others. The most recent unicorn in their portfolio is Rokid. It became a unicorn in 2023, 2 years before Linear Venture first invested in it.Here is a list of unicorns in Linear Venture's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
56 | Provider of artificial intelligence-based smart AR glasses | 2014 | Redwood City | Series C | rnfglov | ||
71 | Provider of digital infrastructure for brand content creation, management, and distribution | 2014 | Shanghai | Series D | rjnxdil | ||
72 | Developer of next-generation automation solutions combining artificial intelligence and robotics | 2018 | Munich | Series C | ilwmqle | ||
67 | Tech-driven online platform to auxiliary designs and solutions | 2011 | Hangzhou | Series E | lpmvkco | ||
50 | Provider of AI-powered decision intelligence platform for risk and security management | 2013 | Hangzhou | Series D | qsnrdkx |
IPOs and Publicly Listed companies in Linear Venture's Portfolio
2 of Linear Venture's portfolio companies have become public. Horizon got listed on the Hong Kong Exchanges (HKG), in Oct 2024 at marketcap of $104M and Baixing got listed on the Shanghai Stock Exchange (SSE) at marketcap of $1.34B.Here are Linear Venture's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 24, 2024 | Sep 2015 | Seed | 5611 | |
Apr 27, 2012 | - | - | 2636 |
Acquired companies in Linear Venture's Portfolio
5 companies from Linear Venture's portfolio have been acquired. The most recent acquisition was RIVR in Mar 2026 by Amazon for $*****.Here are Linear Venture's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 19, 2026 | Jan 16, 2024 | Seed | 6909 | |
Dec 08, 2021 | Apr 09, 2020 | Series A | 7662 | |
Aug 27, 2020 | Apr 2015 | Seed | 4723 | |
Feb 05, 2019 | - | - | 4818 | |
- | - | - | 3306 |
Team profile of Linear Venture
Linear Venture has a team of 16 members including 8 Partners, 1 Venture Partner and 5 Principals located in China, United States and 1 more location. Linear Venture's team sits on the board of 1 company.Here is a list of top team members in Linear Venture:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Richmond | - | - | |
Partner | Shanghai | |||
Partner | - | - | ||
Partner | Shanghai | |||
Partner | Xuhui | - | ||
Partner | China | - | ||
Partner | China | - | - | |
Partner | China | - | - | |
Venture Partner | San Francisco | - | ||
Principal | San Jose | - | - |
Co-investors of Linear Venture
Over the past 12 years, 528 investors have co-invested in Linear Venture's portfolio companies. This includes funds and angels.
- Invested before Linear Venture: HSG, Unity Ventures and 49 others have invested in rounds before Linear Venture. There are 2 companies where HSG has invested before Linear Venture and 2 companies where Unity Ventures has invested before Linear Venture.
- Top Co-investors of Linear Venture: 178 investors entered a company along with Linear Venture. These include investors like Hillhouse (11 companies).
- Invested after Linear Venture: A total of 299 investors have invested in Linear Venture's portfolio after their investments. Top Investors include C Capital (5 companies), Hillhouse (5 companies) and Granite Asia (5 companies).
Recent News related to Linear Venture
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Chinese robotics startup Simple AI completes pre-A+ roundTech in Asia•Sep 08, 2026•SimplAI, P Capital Ventures, Linear Venture
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Coslight Yuanxin completed two rounds of financing, Pre-A and Pre-A+, with cumulative financing exceeding 100 million yuanKai Cheng Capital•Jun 01, 2026•SSC, Jiangsu Huarui Investment Management, Zhongke Chuangxing, FG Venture and 2 others
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SynapX Secures Nearly $50M Funding, Launches SYNTH ArchitectureSina•Mar 20, 2026•Hillhouse, Xiaomi, Linear Venture, Shunwei Capital and 2 others
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GeGuar Robot Completes $120 Million B1 Round of FundingEastmoney•Mar 16, 2026•D-Robotics, Meituan, DiDi, Global League and 15 others
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Wujie Dynamics Completes Hundreds of Millions in Angel+ Round FinancingEastmoney•Feb 14, 2026•Sequoia Capital, Linear Venture
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Dealism Secures US$15 Million in Angel Funding to Revolutionize Intelligent Sales CommunicationPR Newswire•Nov 13, 2025•HSG, Global League, Linear Venture, Dealism and 3 others
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Boundless Power Secures 300M RMB Angel Funding Led by Sequoia China for Robot "Universal Brain"Pandaily•Nov 12, 2025•Sequoia Capital, Hillhouse, Linear Venture, Boundless-Ps
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BTRY Raises $5.7M in FundingFinSMEs•Nov 07, 2025•Kick Foundation, BTRY, Bloomhaus Ventures, Kickfund and 4 others
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Zurich's BTRY Raises €4.9M for Solid-State Batteries, Challenging Asian DominanceEU-Startups•Nov 06, 2025•BTRY, Redstone, Kick Foundation, Bloomhaus Ventures and 2 others
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Embodied intelligence startup Itashi Zhihang completes $122 million angel+ round of financinghttp://lejucaijing.com•Jul 09, 2025•Qiming Venture Partners, Meituan, Shanghai Lingang Science and Technology Entrepreneurship Center, SAIF Partners and 2 others
