About MTR Lab
MTR Lab is a venture capital firm founded in 2019. It is primarily based out of Kowloon, China. As of Jul 2026, MTR Lab has invested in 4 companies. It primarily invests in Series B round in China based startups. Its investments are spread across a wide range of sectors from Retail to Enterprise Applications and High Tech. Most recently it participated in the $***** Series C round of Whale Overall, MTR Lab portfolio has seen 1 acquisition, namely WeMaintain. A lot of funds co-invest with MTR Lab, with names like Robert Bosch Venture Capital sharing a substantial percentage of its portfolio. MTR Lab has team of 11 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Series B, Series A & 1 more
Portfolio Acquisitions
Portfolio Soonicorns
MTR Lab's List of All Investments
MTR Lab has a portfolio of 4 companies. Their most notable investments are in WeMaintain and Shengsheng Technology.Their portfolio spans across China, France, Singapore and 1 more locations. They have invested in Retail, Enterprise Applications, High Tech and 7 other sectors, across stages such as Series B, Series A and 1 more. Here is the list of all investments by MTR Lab:1. WeMaintain
Provider of elevator maintenance services. It offers elevator & lifts maintenance, repair services, and supply spare parts for equipment. The company offers solutions for commercial buildings, corporates, residential communities & more. It provides services through its online B2B platform to connect, and access customer queries.
Key facts about WeMaintain
- Founded Year: 2017
- Location: Paris (France)
- Stage: Acquired
- Total Funding till date: $46.1M
- Employee Count: 195 as on Jun 30, 2026
- Investors: Verve Ventures, Red River West and 10 Others
- Latest Funding Round: Series B, Dec 13, 2023, $*****
- Highlight: Acquired
2. Whale
Developer of artificial intelligence platforms for enterprise operations and management. These systems integrate visual language models, voice recognition, and content management tools to monitor physical spaces and automate business workflows. The technology captures audio and visual data to track inventory, verify compliance with operational standards, and analyze customer interactions. Automated agents process this information to provide coaching, generate reports, and manage digital assets across multiple channels. The software architecture supports data integration and task orchestration to assist with facility auditing, staff training, and performance analysis.
Key facts about Whale
3. Ampd Energy
Provider of energy storage systems for construction and industrial applications. These systems offer a cleaner, quieter power source as an alternative to diesel generators. The systems are designed for demanding work sites and provide control over energy usage. They enable the use of zero or low carbon energy sources. The systems are remotely monitored and supported by a dedicated service team.
Key facts about Ampd Energy
- Founded Year: 2014
- Location: Hong Kong (China)
- Stage: Series B
- Total Funding till date: $39M
- Employee Count: 91 as on Jun 30, 2026
- Investors: 2150.VC, Unreasonable and 11 Others
- Latest Funding Round: Series B, Nov 05, 2024, $*****
- Highlight: Editors' Pick
Online acoustic and asset vibration monitoring solution for multi-industry applications. It develops acoustic monitoring solutions for the Internet of Things. Its core technology relies on noise in mechanical motion in real time. The collected data is stored in a diagnostic database which then uses artificial intelligence and deep learning to diagnose the same in an unknown working environment. The products include whistle monitoring, fault monitoring, and low altitude monitoring that offers features such as tools to capture the illegal whistle vehicle in real time and generate images or video transmissions to the background management platform for providing evidence of violations, real-time monitoring, and detection of faults in large equipment and tools for identifying and locating the target vehicles and low-altitude aircraft in the controlled area.
Key facts about Shengsheng Technology
- Founded Year: 2018
- Location: Haidian (China)
- Stage: Series B
- Total Funding till date: $22.9M
- Investors: Lenovo Capital and Incubator Group, Vertex Ventures and 8 Others
- Latest Funding Round: Series B, Nov 05, 2024, $*****
- Highlight: Editors' Pick
MTR Lab's Year-on-Year Investment Trends
MTR Lab has invested in 4 companies over the last 3 years, with an average of 1 new investment annually in the last 3 years. In 2025, it made 1 investment, while as of Jul 2026, it has made 1 investment in this year. Its most recent first time investment was in Whale and most recent follow-on round was in Whale.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 1 | 1 |
2025 | 1 | 0 | 1 |
2024 | 1 | 1 | 2 |
2023 | 2 | 0 | 2 |
MTR Lab's Investments by Stage
MTR Lab has made 2 investments in Series B stage, 1 investment in Series A stage with an average round size of $8M and 1 investment in Series C stage with an average round size of $60M.Stage of entry | No. of Investments |
|---|---|
Series B | 2 |
Series A | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
MTR Lab's Investments by Sector
MTR Lab has a diverse portfolio, with companies operating in the Energy Tech, Enterprise Applications, High Tech, Real Estate and Construction Tech and Sustainability Tech. Notably, it has invested in 4 Enterprise (B2B) companies, 4 Tech companies, 3 Tech hardware companies and at least 1 company focusing on AI-Native.Sector | No. of Investments |
|---|---|
Energy Tech | 2 |
Enterprise Applications | 2 |
High Tech | 2 |
Real Estate and Construction Tech | 2 |
Sustainability Tech | 2 |
Others | 8 |
Note: We have considered here, only first round of investments
MTR Lab's Investments by Geography
MTR Lab has made most investments in China (2), followed by France where it has made 1 investment.Country | No. of Investments |
|---|---|
China | 2 |
France | 1 |
Singapore | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
MTR Lab's recent investments
MTR Lab has made 1 investments in 2026 so far - Whale.Here are the most recent investments by MTR Lab:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 16, 2026 | Singapore | Series C | 9663 | ||
May 20, 2025 | Singapore | Series C | 3434 | ||
Nov 05, 2024 | China | Series B | 1435 | [+3] | |
Nov 05, 2024 | China | Series B | 8559 | - | |
Dec 13, 2023 | France | Series B | 3572 | [+2] |
Acquired companies in MTR Lab's Portfolio
1 company from MTR Lab's portfolio has been acquired. The most recent acquisition was WeMaintain in Apr 2026 by Otis for $*****.Here are MTR Lab's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 13, 2026 | Dec 13, 2023 | Series B | 5485 |
Team profile of MTR Lab
MTR Lab has a team of 11 members including 1 Partner and 4 Principals located in China. MTR Lab's team does not sit on the board of any company as of now.Here is a list of top team members in MTR Lab:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Hong Kong | - | ||
Principal | Hong Kong | - | - | |
Principal | Hong Kong | - | ||
Principal | Hong Kong | - | - | |
Principal | Hong Kong | - |
Co-investors of MTR Lab
Over the past 3 years, 33 investors have co-invested in MTR Lab's portfolio companies. This includes funds and angels.
- Invested before MTR Lab: Idinvest Partners, Michaël Benabou and 19 others have invested in rounds before MTR Lab. There is 1 company where Idinvest Partners has invested before MTR Lab and 1 company where Michaël Benabou has invested before MTR Lab.
- Top Co-investors of MTR Lab: 4 investors entered a company along with MTR Lab. These include investors like Robert Bosch Venture Capital (1 company).
- Invested after MTR Lab: A total of 8 investors have invested in MTR Lab's portfolio after their investments. Top Investors include CMB International Capital (1 company), SMBC Asia Rising Fund (1 company) and Krungsri Finnovate (1 company).
Recent News related to MTR Lab
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Singapore’s Whale Secures $60M to Expand Enterprise AI Suite GloballyIncubees•May 30, 2025•Whale, Robert Bosch Venture Capital, MTR Lab, Singtel Innov8 and 1 other
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MTR Lab invests in French proptech firm WeMaintain in first overseas forayShareandstocks•Dec 13, 2023•MTR Lab, WeMaintain
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MTR Lab and partner invest US$5.9m in Hong Kong construction tech companyShareandstocks•Oct 06, 2023•Isbim, MTR Lab, Gobi Partners
