About Sinovation Ventures
Sinovation Ventures is a venture capital firm founded in 2009. It is primarily based out of Beijing, China. As of Mar 2026, Sinovation Ventures is an active investor, having invested in 306 companies, with 1 new investment 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 $***** Series B round of Syneron Bio Overall, Sinovation Ventures portfolio has seen 5 unicorns, 14 IPOs and 29 acquisitions including key companies like Meitu, Eight Sleep and Niu. A lot of funds co-invest with Sinovation Ventures, with names like Zhen Fund sharing a substantial percentage of its portfolio. Sinovation Ventures has team of 37 people including 17 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 4 more
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Sinovation Ventures' List of Top Investments
Sinovation Ventures has a portfolio of 306 companies, including 5 unicorns. Their most notable investments are in Meiliwu and Meiliwu.Their portfolio spans across China, United States, Singapore and 6 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 33 other sectors, across stages such as Series A, Seed and 4 more. Here is the list of top investments by Sinovation Ventures:
1. Meitu
Developer of image, video, and design creation software and applications. The company provides tools for portrait photography, video enhancement, and e-commerce design. It offers platforms and resources for image editing and artificial intelligence solutions. The company also focuses on sustainability and corporate governance.
Key facts about Meitu
- Founded Year: 2008
- Location: Xiamen (China)
- Stage: Public
- Total Funding till date: $525M
- Employee Count: 655 as on May 31, 2026
- Investors: Foxconn Electronics, Temasek and 19 Others
- Latest Funding Round: Post IPO, May 21, 2025, $*****
- Highlight: Public
2. Eight Sleep
Provider of AI-based internet-first brand of mattress and smart mattress covers. It provides an AI-based internet-first brand of thermoregulated mattress, carbon air pillow, and smart mattress cover that is controlled via smartphone. It allows the user to set the temperature of the mattress independently and monitor the body vitals such as breathing and heart-rate variability. This control allows the user to fall asleep faster and improves the quality of sleep. The app can be connected with other smart devices to monitor sleep activity.
Key facts about Eight Sleep
- Founded Year: 2014
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $323M
- Employee Count: 272 as on Sep 30, 2026
- Investors: SoftBank Group, StartX and 88 Others
- Latest Funding Round: Series D, Mar 04, 2026, $*****
- Highlight: Editors' Pick
3. BITMAIN
Developer of hardware solutions for crypto mining. It provides users with a platform that is based on the application-specific integrated chip miner technology for Bitcoin mining. It also offers cloud solutions, for blockchain and artificial intelligence applications.
Key facts about BITMAIN
- Founded Year: 2013
- Location: Beijing (China)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $950M
- Employee Count: 440 as on Aug 31, 2026
- Investors: HPR Capital, SIB Investment Group and 27 Others
- Latest Funding Round: Series C, Aug 13, 2018, $*****
- Highlight: Editors' Pick
4. Niu
Manufacturer of electric scooters, mopeds, motorcycles, and related accessories. The company designs, manufactures, and sells electric vehicles. It offers multiple models and specifications for consumer, cargo, and sharing markets. The company provides an application for users.
Key facts about Niu
- Founded Year: 2014
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $50M
- Employee Count: 124 as on Aug 31, 2026
- Investors: Granite Asia, Source Code Capital and 9 Others
- Latest Funding Round: Angel, Oct 19, 2018, $*****
- Highlight: Public
5. Zhihu
App-based social Q and A platform. It allows users to ask and answer questions related to any topic. It enables them to discuss topics such as the internet, technology, commerce, film and television, fashion, culture, and more.
Key facts about Zhihu
- Founded Year: 2010
- Location: Haidian (China)
- Stage: Public
- Total Funding till date: $919M
- Employee Count: 235 as on Aug 31, 2026
- Investors: Access Industries, Goldman Sachs Investment Partners and 14 Others
- Latest Funding Round: Series F, Aug 12, 2019, $*****
- Highlight: Public
Sinovation Ventures' Year-on-Year Investment Trends
Sinovation Ventures has invested in 306 companies over the last 16 years, with an average of 9 new investments annually in the last 10 years. In 2025, it made 6 investments, while as of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in Syneron Bio and most recent follow-on round was in Syneron Bio.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 1 | 1 |
2025 | 6 | 0 | 6 |
2024 | 7 | 1 | 8 |
2023 | 11 | 1 | 12 |
2022 | 10 | 1 | 11 |
2021 | 6 | 2 | 8 |
2020 | 6 | 2 | 8 |
2019 | 7 | 2 | 9 |
2018 | 11 | 3 | 14 |
2017 | 21 | 9 | 30 |
Sinovation Ventures' Investments by Stage
Sinovation Ventures has made 82 investments in Series A stage with an average round size of $16.2M, 58 investments in Seed stage with an average round size of $2.86M and 38 investments in Angel stage with an average round size of $1M.Stage of entry | No. of Investments |
|---|---|
Series A | 82 |
Seed | 58 |
Angel | 38 |
Series B | 36 |
Series C | 9 |
Others | 3 |
Note: We have considered here, only first round of investments
Sinovation Ventures' Investments by Sector
Sinovation Ventures has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, High Tech, Media & Entertainment and Retail. Notably, it has invested in 252 Tech companies, 168 Consumer (B2C) companies, 146 Software companies and at least 128 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Consumer | 82 |
Enterprise Applications | 57 |
High Tech | 46 |
Media & Entertainment | 30 |
Retail | 26 |
Others | 257 |
Note: We have considered here, only first round of investments
Sinovation Ventures' Investments by Geography
Sinovation Ventures has made most investments in China (193), followed by United States where it has made 25 investments.Country | No. of Investments |
|---|---|
China | 193 |
United States | 25 |
Singapore | 4 |
France | 2 |
Canada | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Sinovation Ventures' recent investments
Sinovation Ventures has made 1 investments in 2026 so far - Syneron Bio.Here are the most recent investments by Sinovation Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 31, 2026 | China | Series B | 9182 | [+11] | |
Dec 18, 2025 | China | Series A | 5029 | [+7] | |
Jul 03, 2025 | China | Seed | 3916 | ||
Jun 10, 2025 | China | Series A | 8763 | ||
Jun 09, 2025 | Singapore | Series A | 6689 |
Unicorns in Sinovation Ventures' Portfolio
Sinovation Ventures has 5 unicorns in its portfolio - Eight Sleep, 01.AI, MEGAROBO and others. The most recent unicorn in their portfolio is Eight Sleep. It became a unicorn in 2026, 9 years after Sinovation Ventures first invested in it.Here is a list of unicorns in Sinovation Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
80 | Provider of AI-based internet-first brand of mattress and smart mattress covers | 2014 | New York City | Series D | vzjyxmp | ||
63 | Platform offering AI technology and applications | 2023 | Beijing | Series D | fqpcqcf | ||
60 | Provider of robotic solutions for industrial laboratory automation | 2016 | Beijing | Series C | ifkrdtk | ||
64 | Developer of AIoT solutions, including software, hardware, and platform systems | 2011 | Beijing | Series D | uadd{ac | ||
70 | Online tutoring platform for kids providing language learning sessions | 2013 | San Francisco | Series E | weq{uvq |
IPOs and Publicly Listed companies in Sinovation Ventures' Portfolio
14 of Sinovation Ventures' portfolio companies have become public. Momenta got listed on the Hong Kong Exchanges (HKG), in Jul 2026 at marketcap of $8.88B and UISEE got listed on the Hong Kong Exchanges (HKG) at marketcap of $1.25B.Here are Sinovation Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 08, 2026 | Nov 14, 2016 | Series A | 4437 | |
May 20, 2026 | Feb 26, 2020 | Series B | 8686 | |
Dec 30, 2025 | - | - | 6082 | |
Dec 30, 2025 | Sep 09, 2019 | Series B | 3176 | |
Oct 25, 2024 | Jan 14, 2021 | Series B | 7570 |
Acquired companies in Sinovation Ventures' Portfolio
29 companies from Sinovation Ventures' portfolio have been acquired. The most recent acquisition was Fictiv in Apr 2025 by MISUMI Group for $*****.Here are Sinovation Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 17, 2025 | May 08, 2018 | Series B | 1922 | |
Oct 06, 2022 | - | - | 5663 | |
Feb 16, 2022 | - | - | 9012 | |
Aug 17, 2021 | Jan 2017 | Series B | 2834 | |
Mar 17, 2021 | 2013 | Seed | 6877 |
Team profile of Sinovation Ventures
Sinovation Ventures has a team of 37 members including 17 Partners, 1 Venture Partner and 8 Principals located in China. Sinovation Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Sinovation Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | China | - | - | |
Partner | China | - | - | |
Partner | Chaoyang | - | - | |
Partner | China | - | ||
Partner | - | - | - | |
Partner | Haidian | - | ||
Partner | Beijing | - | - | |
Partner | - | - | - |
Co-investors of Sinovation Ventures
Over the past 16 years, 834 investors have co-invested in Sinovation Ventures's portfolio companies. This includes funds and angels.
- Invested before Sinovation Ventures: Chuangxin Innovation Works, Morningside and 189 others have invested in rounds before Sinovation Ventures. There are 5 companies where Chuangxin Innovation Works has invested before Sinovation Ventures and 5 companies where Morningside has invested before Sinovation Ventures.
- Top Co-investors of Sinovation Ventures: 221 investors entered a company along with Sinovation Ventures. These include investors like Zhen Fund (11 companies).
- Invested after Sinovation Ventures: A total of 422 investors have invested in Sinovation Ventures's portfolio after their investments. Top Investors include Sequoia Capital (6 companies), Tencent (5 companies) and Zhen Fund (4 companies).
Recent News related to Sinovation Ventures
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Simple AI Completes Hundreds of Millions in Pre-A Round Financing, Source Code Capital Continues to InvestSina•Jun 16, 2026•Source Code Capital, DiDi, MSA Capital, Sinovation Ventures and 10 others
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Exclusive | Former Xiaomi Cui Baoqiu started a low-key business and revealed the optimal solution for home robotsLeiphone•Jun 02, 2026•Inno Angel Fund, Shunwei Capital, Sinovation Ventures, QF Capital and 2 others
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Syneron Bio Closes $150M Series B FinancingFinSMEs•Apr 03, 2026•LAV, Global League, True Light Capital, 5Y Capital and 10 others
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Syneron Bio Raises Nearly $100M in Series A and A+ Funding RoundsFinSMEs•Dec 21, 2025•Pfizer, KHK & Partners, Global League, Sinovation Ventures and 4 others
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HealthAI completes $50 million Series B financing, led by Sequoia CapitalCui Niuhui•Jul 26, 2025•Sequoia Capital, Hillhouse, Sinovation Ventures
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HK-based Mootion secures fresh funding to boost AI video creationTech in Asia•Jul 03, 2025•Mootion, Source Code Capital, Sinovation Ventures, Flow Capital
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Alibaba Leads Multi-Billion Yuan Series A Funding Round for Silicon BasisSina•Jun 10, 2025•Alibaba Cloud, Silicon Mobility, Sinovation Ventures, China Renaissance Group
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Zero One Thing co-founder Dai Zonghong quits to start his own business and receives investment from Sinovation VenturesCui Niuhui•May 11, 2025•Sinovation Ventures, 01.AI
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HPC-AI Tech Secures $50 Million in Series A Funding to Enhance Video Generation AI and GPU PlatformsBusiness Wire•Sep 30, 2024•HPC-AI, Singtel Innov8, Sinovation Ventures, Capstone and 7 others
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After receiving hundreds of millions of yuan in Series B financing, Shenzhen launched a "Find a Master" platformebrun.com•May 10, 2024•Sinovation Ventures, Binfu Capital
