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Investor profile

HongShan

Venture capital firm · Active in 2026

← Power Law Ranking

A public taster of the full Dealroom platform — request a demo to explore live deal flow, full investor history, and team intel. · Last updated 15 Apr 2026 · Methodology

147 Power Law outcomes Power Law Ranking #51 · Global · 147 Power Law outcomes · Active 2026
Enterprise value ↓ 35% 5y
$1.5T
Unicorns ↑ 18% 5y
141
Decacorns → 5y
22
Thoroughbreds ↑ 18% 5y
145
Featured in #51Power Law Investor Ranking · Global · 2026 Cross-stageby Power Law score · 147 outcomes

HongShan is a venture capital firm active globally. The page below shows 147 Power Law outcomes from HongShan's portfolio — 141 unicorns ($1B+ valuation) and 4 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Transportation · Fintech · eCommerce & Marketplaces; top portfolio geographies are China · USA · Hong Kong. HongShan ranks #51 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

Portfolio analysis

The 147 HongShan Power Law outcomes ($100M+ revenue and above).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. China106
  2. USA16
  3. Hong Kong11
  4. Singapore4
  5. Germany2
  6. South Korea2
  7. Australia2
  8. UK1
  9. Seychelles1
  10. Indonesia1
  11. Nigeria1
By sectorCount
  1. Transportation25
  2. Fintech18
  3. eCommerce & Marketplaces17
  4. AI17
  5. Other15
  6. Biotech & Life Sciences13
  7. Other B2B Software10
  8. Edtech8
  9. Health Tech & Medtech6
  10. Food5
  11. Robotics4
  12. Cybersecurity3
By stage enteredCount
  1. Series B+116
  2. Series A21
  3. Seed3
01 · Portfolio market map

HongShan's 147 Power Law outcomes.

Toggle between a sector landscape and a world map. Both views respond to the stage and outcome-tier filters. The faded names at the bottom of bigger boxes are part of the full list — click "+ N more" to reveal them.

Stage entered
Outcome tier
Region
Group by
147 of 147 Power Law outcomes
Logos hosted by Dealroom; click any chip to open the company in app.dealroom.co. The dot inside each chip shows the company's highest tier — red Gigacorn, violet Centicorn/Decacorn, lavender Unicorn, blue Thoroughbred, green Colt. Tiers are inclusive: a Unicorn (e.g. Klarna) also matches the Thoroughbred filter, a Decacorn also matches Unicorn and Thoroughbred, and so on up the ladder. Colt is a separate axis (high-growth, smaller revenue) and only matches itself. Map dots use the same colour code; hover for details. Sectors are mutually exclusive (priority-ordered classification). Stage entered = the round HongShan first invested in (where data is available — coverage 93%).
02 · Origin of portfolio founders

Where HongShan's founders come from — and where they study.

186 founders across the 147 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Tsinghua University and Alphabet | Google are the deepest single pipelines.

LocationCount
China114
United States16
Hong Kong9
United Kingdom8
Germany4
Australia3
Taiwan2
New Zealand1
View on app →
UniversityCount
Tsinghua University11
Stanford University8
Shanghai Jiaotong University4
Tongji University4
The Chinese University of Hong Kong3
Peking University3
Zhejiang University3
UCLA3
Carnegie Mellon University3
German Swiss International School2
+65 more →
Origin companyCount
Alphabet | Google10
Microsoft9
Baidu5
Amazon4
SAP3
Mollie3
Tencent3
Yahoo!3
Dianping3
Groupon3
+27 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company. Explore the full Sequoia infographic on Thoroughbreds & Unicorns →
04 · Compare with peers

How does HongShan stack up?

HongShan in orange, your selection in blue and other colours. Pick from the global roster of 35 peer investors — filter by region or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of global unicorns minted that year — peaks reveal vintage years.

Compare against

Stage focus

Companies by entry stage and outcome tier

Sector focus

Companies per investor across the 10 highest-volume sectors

Share of new unicorns per year

% of all global unicorns minted that year, year by year
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.

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Data as of 15 Apr 2026 · Source: Dealroom Power Law dataset · Methodology
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