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Investor profile

Sinovation Ventures

Venture Capital · Founded 2009 · Dongcheng District, China

195 portfolio companies Venture Capital · $6.6B invested · 257 investments · Investor rank #436 · Last investment 7/2026
Portfolio companies 195 ↑ 19% 5y
Decacorns 1
Thoroughbreds 9
01 · Biggest holdings

Sinovation Ventures’ biggest current holdings.

The most valuable companies Sinovation Ventures 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 Sinovation Ventures directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 BitmainDecacorn · Fintech · China 0.8% $15.0B $120M
  2. 2 MegviiUnicorn · Robotics · China 2% $4.0B $80M
  3. 3 VipkidUnicorn · Education · USA 6% $3.0B $180M
  4. 4 MediTrust HealthUnicorn · Health · China $1.6B
  5. 5 Eight SleepUnicorn · Health · USA $1.5B
  6. 6 Leekr TechnologyUnicorn · Transportation · China 3.2% $1.2B $38M
  7. 7 SiliconFlowUnicorn · Enterprise Software · China $1.1B
  8. 8 QingTing FMUnicorn · Music · China $1.1B
  9. 9 MegaRoboUnicorn · Robotics · China $1.0B
  10. 10 YaochufaUnicorn · Travel · China $1.0B

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

02 · Exits

Sinovation Ventures’ 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 Sinovation Ventures’ transaction record.

$8.9B IPO · 2026
Entered Series ANow $6.3BTransportation
Yonghui Superstores
IPO · 2010
Now $5.3BFood
IPO · 2024
Entered Series B+Now $4.4BTransportation
$1.8B IPO · 2025
Entered Series B+Now $3.1BHealth
$2.7B acquisition · 2018
Entered Series B+Transportation
$97M IPO · 2023
Entered Series ANow $1.5BEnterprise Software
$976M IPO · 2026
Entered SeedNow $1.2BTransportation
03 · Portfolio analysis

Where Sinovation Ventures’ portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 195 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. China139
  2. USA45
  3. Hong Kong4
  4. Singapore4
  5. France2
  6. UK2
  7. Cuba1
  8. Germany1
  9. India1
  10. Slovakia1
By sectorCount
  1. Enterprise Software19
  2. Health19
  3. Education18
  4. Transportation15
  5. Fintech13
  6. Media13
  7. Robotics13
  8. Energy9
  9. Food8
  10. Gaming8
  11. Home Living7
  12. Marketing7
By stage enteredCount
  1. Seed81
  2. Series A75
  3. Series B+39
By growth stageCount
  1. Early Growth88
  2. Breakout Stage69
  3. Late Growth39
  4. Mature3
04 · Portfolio market map

Inside Sinovation Ventures’ portfolio.

The 60 highest-funded portfolio companies, of 195 tracked.

Megvii
Robotics · Unicorn
$4.0B
Momenta.ai
Transportation · Unicorn
$6.3B
Zhihu
Media
WeRide
Transportation · Unicorn
$4.4B
Vipkid
Education · Unicorn
$3.0B
Mobike
Transportation · Unicorn
$2.7B
4Paradigm
Enterprise Software · Unicorn
$1.5B
Bitmain
Fintech · Decacorn
$15B
Ucommune
Real Estate
InSilico Medicine
Health · Unicorn
$3.1B
MediTrust Health
Health · Unicorn
$1.6B
handy
Travel · Unicorn
$1.5B
MegaRobo
Robotics · Unicorn
$1.0B
LiberAI
Enterprise Software
$413M
Eight Sleep
Health · Unicorn
$1.5B
SiliconFlow
Enterprise Software · Unicorn
$1.1B
XAG
Food
$184M
Leekr Technology
Transportation · Unicorn
$1.2B
VIPThink
Education
$720M
Fictiv Design
Engineering and Manufacturing Equipment
$350M
UISEE
Transportation · Unicorn
$1.2B
Hi Inc
Travel
$500M
Plum
Fashion
$400M
QingTing FM
Music · Unicorn
$1.1B
Ainnovation
Enterprise Software · Unicorn
$1.0B
Yaochufa
Travel · Unicorn
$1.0B
Beidian
Fashion
$504M
Niu
Energy
$131M
ClassWallet
Fintech
$380M
Maihaoche
Transportation
$200M
Luban Home
Real Estate
$110M
Hugo Biotech
Health
$165M
Prophesee
Robotics
$88M
XYZ Robotics
Robotics
$160M
Sand.ai
Media
$400M
Hope Medicine
Health
$280M
NYSCPS
Wellness Beauty
$246M
Wonder Workshop
Education
$10M
Gestala
Health
$231M
HPC-AI Technology
Enterprise Software
$200M
Swing Education
Education
$152M
Wallaby Medical
Health
$180M
CHEMLEX TECHNOLOGY
Energy
$180M
FABU.ai
Transportation
$125M
Guangzhou Ruifeng Biotechnology
Health
$110M
Fresco
Food
$100M
273 Ershou Che Jiaoyiwang
China
Zvision Technologies
Transportation
$138M
Planetary Resources
Energy
$84M
VEDENG贝登医疗
China
Beijing Lanzhou Technology
Enterprise Software
$206M
Zhuiyi Technology
Enterprise Software
$164M
BOXFiSH Education
China
7Net
China
Kinara
Robotics
$307M
Compology
Energy
$68M
Kamcord
Telecom
$40M
OnQuality Pharmaceuticals
China
$80M
NationalChip
Semiconductors
$103M
Securly
Security
$64M
05 · Portfolio founders

Where Sinovation Ventures’ portfolio founders come from.

123 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. China70
  2. United States36
  3. Anguilla4
  4. France3
  5. United Kingdom2
  6. Brazil1
  7. Cuba1
  8. Ireland1
UniversityCount
  1. Massachusetts Institute of Technology7
  2. Peking University6
  3. Tsinghua University6
  4. Fudan University5
  5. Stanford University4
  6. University of California, Berkeley4
  7. Columbia University3
  8. Shanghai Jiao Tong University3
  9. University of Science and Technology of China3
  10. Washington University in St. Louis3
Previous companyCount
  1. Microsoft12
  2. Baidu7
  3. Alantos Pharmaceuticals3
  4. Massachusetts Institute of Technology3
  5. Pfizer3
  6. SenseTime3
  7. Alibaba2
  8. Apple2
  9. Cisco2
  10. Goldman Sachs2
07 · Key people

Key people at Sinovation Ventures.

Source: Dealroom next-gen API — investor team endpoint.