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Sinovation Ventures

Founders Hua Wang Lee Kai-Fu

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 386
Average round size
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The average size of a deal this fund participated in
$22M
Portfolio companies 289
Rounds per year 25.73
Lead investments 63
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.25
Exits 32
Key employees 17
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • Artificial Intelligence
  • Internet
  • Mobile
  • Robotics
Summary

Sinovation Ventures appeared to be the VC, which was created in 2009. The main office of represented VC is situated in the Beijing. The fund was located in Asia if to be more exact in China.

The higher amount of exits for fund were in 2018. The fund is constantly included in 13-24 deals per year. Speaking about the real fund results, this VC is 4 percentage points less often commits exit comparing to other organizations. When the investment is from Sinovation Ventures the average startup value is more than 1 billion dollars. Opposing the other organizations, this Sinovation Ventures works on 21 percentage points less the average amount of lead investments. The common things for fund are deals in the range of 10 - 50 millions dollars. The important activity for fund was in 2014. Despite it in 2019 the fund had an activity.

The current fund was established by Hua Wang, Kai-Fu Lee. We also calculated 20 valuable employees in our database.

Among the most popular fund investment industries, there are Education, Machine Learning. For fund there is a match between the country of its foundation and the country of its the most frequent investments - China. Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. Among the various public portfolio startups of the fund, we may underline Bitmain Technologies, Meitu, Vipkid The fund has no exact preference in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Sinovation Ventures, startups are often financed by Tencent Holdings, Sequoia Capital China, Qiming Venture Partners. The meaningful sponsors for the fund in investment in the same round are Y Combinator, Northern Light Venture Capital, IDG Capital. In the next rounds fund is usually obtained by Northern Light Venture Capital, Innohub Capital, TCL Capital.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Sinovation Ventures:
Typical Co-investors
Sinovation Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Sinovation Ventures:

Funds with similar focus

Funds from China
Funds with similar focus located in China:
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Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Anage Technology

B2C
Electric Vehicle
Energy Management
Service Industry
13 Oct 2024 Shenzhen, Guangdong, China

HPC-AI Technology

Artificial Intelligence
Cloud Computing
30 Sep 2024 Singapore, Central Region, Singapore

Noematrix

Intelligent Systems
Manufacturing
Robotics
06 Sep 2024 Shanghai, Shanghai, China

Pelliot

Brand Marketing
Fashion
Sports
$15M26 Aug 2024 Beijing, Beijing, China

UDEER.AI

$15M31 May 2024 Hangzhou, Zhejiang, China

Luban Daojia

Building Maintenance
Home Improvement
Home Renovation
Home Services
Professional Services
16 Apr 2024 Shenzhen, Guangdong, China

Kalman Navigation

12 Apr 2024 Wuxi, Anhui, China

Sino-Biocan

Biotechnology
Genetics
Therapeutics
$15M04 Mar 2024 Beijing, Beijing, China

Hope Medicine

Health Care
Medical
$30M07 Feb 2024 Xuanwu District, Jiangsu, China
News
Insilico Medicine Raises $255 Million in Series C Financing Led by Warburg Pincus

– Insilico Medicine announced that it has closed a $255m Series C.
– The financing led by Warburg Pincus, and participated by current investors including Qiming Venture Partners, Pavilion Capital, Eight Roads Ventures, Lilly Asia Ventures, Sinovation Ventures, BOLD Capital Partners, Formic Ventures, Baidu Ventures, and new investors including CPE, OrbiMed, Mirae Asset Capital, B Capital Group, Deerfield Management, Maison Capital, Lake Bleu Capital, President International Development Corporation, Sequoia Capital China and Sage Partners.
– The financing will be used to progress Insilico Medicine’s current therapeutic programs into human clinical trials, initiate multiple new programs for novel and difficult targets, and further develop its AI and drug discovery capabilities.

OnQuality Pharmaceuticals Announces Closing of $35 Million Series A+ Financing

– OnQuality Pharmaceuticals LLC (“OnQuality”), a targeted cancer supportive care company developing medications to address specific side effects and improve the quality of life for patients receiving anti-cancer medications, today announced the closing of its Series A+ financing round securing an additional $20 million in funding. This brings the total amount of capital raised in Series A and A+ to $35 million.
– This financing round included participation from Shiyu Capital, Matrix Partners China, BioTrack Capital, CASH Capital, Sinovation Ventures, FreeS Fund, and additional biotech veterans.
– Proceeds from the financing will support the ongoing Phase II clinical trial of the company’s leading compound OQL011, as well as multiple additional targeted cancer supportive care programs anticipated to enter different phases of clinical development over the next 18 months.
OnQuality also announced the appointment of pharmaceutical executive Michael McCullar, Ph.

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Total investments 386
Average round size 22M
Rounds per year 25.73
Peak activity year 2014
Lead investments 63
Follow on index 0.25
Exits 32
Group Appearance index 0.71

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Anage Technology

B2C
Electric Vehicle
Energy Management
Service Industry
13 Oct 2024 Shenzhen, Guangdong, China

HPC-AI Technology

Artificial Intelligence
Cloud Computing
30 Sep 2024 Singapore, Central Region, Singapore

Noematrix

Intelligent Systems
Manufacturing
Robotics
06 Sep 2024 Shanghai, Shanghai, China

Pelliot

Brand Marketing
Fashion
Sports
$15M26 Aug 2024 Beijing, Beijing, China

UDEER.AI

$15M31 May 2024 Hangzhou, Zhejiang, China

Luban Daojia

Building Maintenance
Home Improvement
Home Renovation
Home Services
Professional Services
16 Apr 2024 Shenzhen, Guangdong, China

Kalman Navigation

12 Apr 2024 Wuxi, Anhui, China

Sino-Biocan

Biotechnology
Genetics
Therapeutics
$15M04 Mar 2024 Beijing, Beijing, China

Hope Medicine

Health Care
Medical
$30M07 Feb 2024 Xuanwu District, Jiangsu, China
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