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Investor profile

Sinovation Ventures

Venture capital firm · Founded 2009 · Active in 2026

Sinovation Ventures is a venture capital firm based in China, founded in 2009. The page below shows 19 Power Law outcomes from Sinovation Ventures's portfolio — 18 unicorns ($1B+ valuation) and 0 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Transportation · Other · AI; top portfolio geographies are China · USA. Sinovation ranks #279 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

19 Power Law outcomes Power Law Ranking #279 · Global · 19 Power Law outcomes · Active 2026
Unicorns ↑ 20% 5y
18
Decacorns → 0% 5y
1
Thoroughbreds ↑ 75% 5y
8
01 · Exits

Sequoia’s biggest exits.

Sequoia portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 1999
Entered SeedNow $5.2T
IPO · 2004
Entered Series ANow $4.6T
IPO · 1980
Now $4.5T
IPO · 2014
Entered Series B+Now $306B
$214B IPO · 2021
Entered Series B+Now $20.1B
IPO · 2012
Entered Series ANow $207B
$82.0B IPO · 2019
Now $153B
IPO · 2012
Entered Series B+Now $103B
$95.0B IPO · 2020
Entered SeedNow $69.1B
$93.9B IPO · 2020
Entered Series B+Now $58.4B
$24.0B IPO · 2018
Entered Series B+Now $73.3B
$39.0B IPO · 2020
Entered Series ANow $67.6B
$32.0B IPO · 2021
Entered Series B+Now $67.5B
$41.5B IPO · 2021
Entered SeedNow $64.4B
$60.0B IPO · 2021
Entered Series B+Now $28.0B
$55.5B IPO · 2026
Entered Series B+Now $55.5B
$52.8B IPO · 2018
Entered Series ANow $49.6B
IPO · 2013
Now $45.0B
IPO · 2015
Entered Series B+Now $39.4B
IPO · 2002
Entered SeedNow $39.1B
$32.0B acquisition · 2025
Entered Seed
$12.0B IPO · 2021
Entered Series B+Now $29.5B
IPO · 2014
Entered Series B+Now $28.6B
IPO · 2015
Entered Series ANow $28.2B
03 · Portfolio analysis

The 19 Sinovation Power Law outcomes ($100M+ revenue or $1B+ valuation).

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

By countryCount
  1. China16
  2. USA3
By sectorCount
  1. Transportation6
  2. Other3
  3. AI2
  4. Health Tech & Medtech2
  5. Robotics2
  6. Edtech2
  7. Fintech1
  8. Biotech & Life Sciences1
By stage enteredCount
  1. Series B+6
  2. Series A9
  3. Seed3
Estimated holdings

Sinovation’s biggest current holdings.

An estimate of Sinovation’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 5 companies where Sinovation is a named shareholder, worth about $578M in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 VipkidEducation · Unicorn 6% $3.0B $180M
  2. 2 01.AIEnterprise Software · Unicorn 10% $1.6B $160M
  3. 3 BitmainFintech · Decacorn 0.8% $15.0B $120M
  4. 4 MegviiRobotics · Unicorn 2% $4.0B $80M
  5. 5 Leekr TechnologyTransportation · Unicorn 3.2% $1.2B $38M

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

Sinovation’s biggest exits.

Sinovation portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

$4.4B IPO · 2024
Entered Series B+Now $4.4B
$1.8B IPO · 2025
Entered Series B+Now $3.2B
$2.7B acquisition · 2018
Entered Series B+
$97M IPO · 2023
Entered Series ANow $1.8B
04 · Portfolio market map

Sinovation's 19 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
19 of 19 Power Law outcomes
05 · Power Law comparison

How does Sinovation stack up?

Sinovation in orange, your selection in blue and other colours. Pick from the global roster of 609 peer investors — scope by startup location 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 unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns
Performance window All-time → 2026

Stage focus

Companies by selected outcome stage

Sector focus

Companies per investor across the 10 highest-volume sectors

Beyond Unicorns — how the portfolio compounds

% of each investor's unicorn portfolio that later crossed $10B, $25B and $50B. Pick a sort tier and entry stage.
Sort by
Entry stage
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.
06 · Portfolio founders

Where Sequoia's portfolio founders come from — and where they studied.

45 founders across the 19 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Shanghai Jiaotong University and Microsoft are the deepest single pipelines.

LocationCount
China34
New Zealand1
View on app →
UniversityCount
Shanghai Jiaotong University2
Beijing Jiaotong University2
Cheung Kong Graduate School of Business2
Chengdu University of Technology2
University of Science and Technology of China2
University of Essex2
Hong Kong University of Science and Technology1
Massey University1
Technological Institute of Monterrey1
Beijing University of Posts and Telecommunications1
+13 more →
Origin companyCount
Microsoft6
Baidu5
Alphabet | Google1
SenseTime1
Tencent1
Sohu.com1
Uber1
Velodyne LiDAR1
TDengine1
SEVEN Networks1
+6 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.

Market sentiment

What the market is saying about Sinovation Ventures

An AI-synthesized read of the highest-engagement posts about Sinovation on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about Sinovation Ventures

Recent press, funding announcements, and portfolio moves mentioning Sinovation — pulled live from Dealroom's news feed.

See all news

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