Sinovation Ventures

Sinovation Ventures is a venture capital firm that focuses on investing in the Chinese technology market. Founded 2009 in Beijing, China by Hua Wang and Kai-Fu Lee, it invests in early stage ventures, late stage venture, seed, series B, series A, series C, and other rounds. Its portfolio companies include VIPCODE, Fero Labs, AInnovation, Gaosi Education Group, and Eight Sleep. As of February 2020, Sinovation Ventures has made 207 investments. Their most recent investment was on October 15, 2019, when Yidebang raised CN¥100M. Sinovation Ventures has had 17 exits, the most notable of which include Meitu, Yonghui Superstores, and Kamcord. Sinovation Ventures has raised 10 funds, their latest being Third RMB Fund. This fund was announced on June 5, 2019 and raised a total of $361M.