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Investor profile

Shenzhen Capital Group

Venture Capital · Founded 1999 · Shenzhen, China

Venture capital firm formerly known as shenzhen innovation and technology investment company

537 portfolio companies Venture Capital · $19B invested · 629 investments · Investor rank #137 · Last investment 8/2026
Portfolio companies 537 ↑ 55% 5y
Decacorns 4 ↑ 33% 5y
Thoroughbreds 20 ↑ 19% 5y
01 · Biggest holdings

Shenzhen Capital Group’s biggest current holdings.

The most valuable companies Shenzhen Capital Group still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names Shenzhen Capital Group directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 ASR MicroelectronicsUnicorn · Semiconductors · China $6.1B
  2. 2 Royole CorporationUnicorn · Semiconductors · China 7.5% $5.0B $375M
  3. 3 Shanghai Nezha Juxing Information TechnologyUnicorn · Transportation · China $4.8B
  4. 4 Phylion BatteryUnicorn · Energy · China 6.5% $4.0B $263M
  5. 5 KK GroupUnicorn · Marketing · Indonesia $3.0B
  6. 6 GalbotUnicorn · Robotics · China $2.9B
  7. 7 ModelBestUnicorn · Enterprise Software · China $2.8B
  8. 8 X SquareUnicorn · Robotics · China $2.8B
  9. 9 Suning FinanceUnicorn · Fintech · China $2.5B
  10. 10 Beijing Aishi Technology | PixVerseUnicorn · Media · China $2.0B
  11. 11 FormlabsUnicorn · Engineering and Manufacturing Equipment · USA $2.0B
  12. 12 Baiwang CloudUnicorn · Fintech · China $1.6B

Estimated value = Shenzhen Capital Group’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Shenzhen Capital Group also appears inside investor groups in Formlabs, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

02 · Exits

Shenzhen Capital Group’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Shenzhen Capital Group’s transaction record.

$1.8B IPO · 2004
Entered Series B+Now $97BSemiconductors
AMEC
$2.3B IPO · 2019
Entered Series B+Now $47BSemiconductors
$40B IPO · 2025
Entered Series ANow $38BSemiconductors
IPO · 2010
Entered Series ANow $9.3BMarketing
Empyrean Technology
IPO · 2022
Entered Series B+Now $7.0BSemiconductors
Sunwoda Electronic
IPO · 2011
Now $6.4BEnergy
JinkoSolar
IPO · 2010
Entered Series B+Now $5.4BEnergy
$4.0B IPO · 2021
Entered Series B+Now $4.0BFood
IPO · 2011
Entered Series ANow $3.2BHealth
$2.9B IPO · 2023
Entered Series ANow $74MEnterprise Software
RISEN
IPO · 2010
Entered Series B+Now $2.8BEnergy
Xiangyang Changyuan Donggu Industrial
IPO · 2020
Entered SeedNow $2.7B
03 · Portfolio analysis

Where Shenzhen Capital Group’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 537 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. China531
  2. USA14
  3. Germany3
  4. Hong Kong3
  5. Canada1
  6. Indonesia1
  7. Israel1
  8. Japan1
  9. Malta1
  10. UK1
By sectorCount
  1. Health75
  2. Semiconductors69
  3. Enterprise Software47
  4. Robotics35
  5. Marketing33
  6. Media29
  7. Transportation27
  8. Energy25
  9. Engineering and Manufacturing Equipment23
  10. Food15
  11. Fintech14
  12. Security14
By stage enteredCount
  1. Series A236
  2. Series B+204
  3. Seed93
By growth stageCount
  1. Early Growth249
  2. Breakout Stage175
  3. Late Growth123
  4. Mature11
04 · Portfolio market map

Inside Shenzhen Capital Group’s portfolio.

The 60 highest-funded portfolio companies, of 537 tracked.

Shanghai Nezha Juxing Information Technology
Transportation · Unicorn
$4.8B
GAC Aion
Transportation · Decacorn
$14B
Sunwoda Power Technology
Energy
$443M
SMIC
Semiconductors · Decacorn
$97B
CG Satellite
Space · Unicorn
$2.9B
ARIDGE
Transportation · Unicorn
$2.5B
LeSee
Telecom
Galbot
Robotics · Unicorn
$2.9B
Suning Finance
Fintech · Unicorn
$2.5B
Beijing Aishi Technology | PixVerse
Media · Unicorn
$2.0B
ModelBest
Enterprise Software · Unicorn
$2.8B
BGI
Health · Unicorn
$1.9B
KK Group
Marketing · Unicorn
$3.0B
Origin quantum
Semiconductors · Unicorn
$3.2B
Moore Threads
Semiconductors · Decacorn
$38B
Royole Corporation
Semiconductors · Unicorn
$5.0B
Innoviz Technologies
Transportation
$98M
Desktop Metal
Media
$275M
CasiCloud
Telecom
Mino Space
Space · Unicorn
$1.4B
UniVista
Semiconductors · Unicorn
$1.2B
Beisen
Enterprise Software
$74M
ESignBao
Legal
$744M
X Square
Robotics · Unicorn
$2.8B
Phylion Battery
Energy · Unicorn
$4.0B
ASR Microelectronics
Semiconductors · Unicorn
$6.1B
AISpeech
Enterprise Software · Unicorn
$1.5B
HiDream.ai | Beijing Zhixiang Future Technology
Media · Unicorn
$1.1B
New Radiomedicine Technology
Health
$550M
Golden Technology
Fintech
$550M
Tongxin Software Technology
Enterprise Software · Unicorn
$1.1B
Unitree Robotics
Security · Unicorn
$1.4B
Carl Power Technology
Transportation
$400M
Virogin Biotech
Health
$480M
Shanghai Longcheer Technology
Consumer Electronics · Unicorn
$2.0B
Formlabs
Engineering and Manufacturing Equipment · Unicorn
$2.0B
OrbusNeich
Health · Unicorn
$1.0B
TytoCare (Formerly Eon-Medical)
Health
$250M
LeTV
Media
$515M
Chengdu Maxvax Biotechnology
Health · Unicorn
$1.1B
Zhimeng Biopharma
Health
$193M
Jiangsu Silicon Integrity Semiconductor Technology (JSSI)
Semiconductors
$688M
Leads Biolabs
Health · Unicorn
$1.4B
Pagoda
Food · Unicorn
$1.2B
Rokae
Robotics · Unicorn
$2.2B
Angstrom Excellence Technology
Semiconductors
$552M
Zhejiang Konghui Automobile Technology
Transportation
$784M
SanegeneBio
Health
$440M
Booster Robotics
Robotics
$550M
UISEE
Transportation · Unicorn
$1.2B
GenFleet Therapeutics
Health · Unicorn
$1.1B
MicroPort
Health
$600M
Laekna
Health
$101M
Moffett AI
Semiconductors
$550M
DJEL
Semiconductors · Unicorn
$1.2B
Ada Space
Media
$756M
Transwarp
Hosting · Unicorn
$1.9B
Kangleweishi Biotechnology
Health
$462K
GROOVE X
Home Living
$141M
DexForce Technology
Robotics
$550M
05 · Portfolio founders

Where Shenzhen Capital Group’s portfolio founders come from.

113 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. China90
  2. United States10
  3. Israel4
  4. Indonesia2
  5. Singapore2
  6. Canada1
  7. Japan1
  8. United Kingdom1
UniversityCount
  1. Peking University4
  2. Massachusetts Institute of Technology3
  3. Tsinghua University3
  4. Fudan University2
  5. Stanford University2
  6. Tel Aviv University2
  7. University of Science and Technology of China2
  8. Ben-Gurion University of the Negev1
  9. BISM - Bucharest International School of Management1
  10. Brandeis University1
Previous companyCount
  1. Microsoft3
  2. Alphabet | Google2
  3. MDG Medical2
  4. Stanford University2
  5. 3M1
  6. A123 Systems1
  7. Aman Group1
  8. Apple1
  9. Applied Materials1
  10. Applied Ventures1