China Growth Capital | CGC logo

China Growth Capital | CGC

Asia, Beijing, China, Beijing

Description

China Growth Capital (CGC) is a distinguished early-stage venture capital firm headquartered in Beijing, China. With over $1 billion in assets under management, CGC has established itself as a significant player in the Chinese tech investment landscape. The firm strategically focuses its investments across three core sectors: enterprise services, deep technology, and marketplace opportunities, aiming to identify and cultivate high-potential startups that are poised to disrupt or redefine their respective industries.

CGC's investment philosophy centers on providing crucial early-stage capital to nascent companies. Their typical first check sizes range from $1 million to $10 million, reflecting their commitment to supporting founders from the foundational stages of their ventures. This approach allows CGC to partner with companies as they develop their products, scale their operations, and navigate the complexities of the Chinese market. Beyond mere capital injection, CGC is known for offering strategic guidance, operational support, and access to a broad network, thereby accelerating the growth trajectory of its portfolio companies.

The firm's deep understanding of the Chinese market, combined with its sector-specific expertise, enables it to pinpoint innovative solutions and disruptive business models. By concentrating on deep technology, CGC supports advancements in areas like AI, big data, and advanced manufacturing, contributing to China's technological self-reliance and global competitiveness. Similarly, their focus on enterprise services and marketplaces addresses the evolving needs of businesses and consumers, fostering efficiency and new economic models. CGC's consistent activity and substantial AUM underscore its enduring influence in shaping the future of China's vibrant technology ecosystem.

Investor Profile

China Growth Capital | CGC has backed more than 38 startups, with 4 new investments in the last 12 months alone. The firm has led 10 rounds, about 26% of its total and boasts 18 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in China, United States, Canada.
  • Strong thematic focus on Artificial Intelligence (AI), Software, Big Data.
  • Led 3 rounds in the past year.
  • Typical check size: $1M – $10M.

Stage Focus

  • Series A (32%)
  • Seed (29%)
  • Series B (21%)
  • Series C (8%)
  • Angel (8%)
  • Series Unknown (3%)

Country Focus

  • China (68%)
  • United States (24%)
  • Canada (3%)
  • Hong Kong (3%)
  • Singapore (3%)

Industry Focus

  • Artificial Intelligence (Ai)
  • Software
  • Big Data
  • Financial Services
  • Fintech
  • Machine Learning
  • Information Technology
  • Analytics
  • Saas
  • Internet
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does China Growth Capital | CGC frequently co-invest with?

CE Innovation Capital
Asia, Central Region, Singapore, Singapore
Co-Investments: 3
TSVC
North America, California, United States, Los Altos
Co-Investments: 2
Foothill Ventures
North America, California, United States, Los Altos
Co-Investments: 2
IDG Capital
Asia, Beijing, China, Beijing
Co-Investments: 3
Vision Plus Capital
Asia, Zhejiang, China, Hangzhou
Co-Investments: 3
Social Starts
North America, California, United States, San Francisco
Co-Investments: 3
Fusion Fund
North America, California, United States, Palo Alto
Co-Investments: 2
Qiming Venture Partners
Asia, Shanghai, China, Shanghai
Co-Investments: 3
DHVC
North America, California, United States, Palo Alto
Co-Investments: 3
Eight Roads Ventures
Europe, England, United Kingdom, London
Co-Investments: 3

Which angels does China Growth Capital | CGC often collaborate with?

Daniel Curran
North America, California, United States, Santa Monica
Shared Deals: 1
CS
North America, California, United States, San Francisco
Shared Deals: 1
George Godula
Asia, Shanghai, China, Shanghai
Shared Deals: 1
JS
North America, California, United States, Los Angeles
Shared Deals: 1
Cyan Banister
North America, California, United States, San Francisco
Shared Deals: 1
ZS
North America, California, United States, Palo Alto
Shared Deals: 1
LT
North America, New York, United States, Manhattan
Shared Deals: 1
Ross Veitch
Asia, Singapore
Shared Deals: 1
XS
North America, California, United States, San Francisco
Shared Deals: 1
FN
North America, California, United States, Menlo Park
Shared Deals: 1

What are some of recent deals done by China Growth Capital | CGC?

Tongxin Medical Equipment

Suzhou, Jiangsu, China

Tongxin Medical Equipment is an artificial-heart maker company.

Biotechnology
Series UnknownJul 21, 2025
Amount Raised: $100,000,000
Butterfli

Nanjing, Jiangsu, China

Butterfli is a manufacturer of prefilled syringes.

ManufacturingMedical DevicePharmaceutical
AngelMar 3, 2025
Silicon Mobile Technology

Haidian, Beijing, China

Silicon Mobile Technology is an AI ​​infrastructure company that focuses on large models inference to reduce application costs in AIGCs.

Artificial Intelligence (AI)InfrastructureSoftware
SeedFeb 19, 2025
Amount Raised: $13,728,909
Ruimeng Semiconductor

Nanshan, Hunan, China

Ruimeng Semiconductor is a provider of intelligent human-machine interface processor chips and solutions.

ElectronicsEnterpriseSemiconductor
SeedDec 6, 2024
Affinity

Pudong, Shandong, China

Affinity Biomedical Technology is a clinical biopharmaceutical company focusing on the development of global innovative anticancer drugs.

BiopharmaBiotechnologyPharmaceutical
Series BDec 2, 2024
Amount Raised: $55,007,770
Blueglass Yogurt

Beijing, Beijing, China

Blueglass Yogurt is a food and beverage brand that makes and sells yogurt based products like cake, pastry, drinks, and tea.

Food and BeverageFood ProcessingSnack Food
Series BJul 16, 2021
Amount Raised: $30,868,008
Thoth Medical

Suzhou, Jiangsu, China

Thoth Medical develops medical wearables integrating biomedical sensor technology.

Health CareMedicalSensorWearables
Series CJul 1, 2021
Biren Technology

Minhang, Shanghai, China

Biren Technology is a high-tech startup that has the niche in softwares, hardwares, and chip system.

HardwareInformation TechnologyInternetSoftware
Series BMar 30, 2021
Addx.ai

Beijing, Beijing, China

Addx.ai is a smart home operating system developer dedicated to building an AIOT intelligent platform.

Artificial Intelligence (AI)ComputerInformation TechnologyInternetMachine Learning
Series AJan 19, 2021
Nice Tuan

Beijing, Beijing, China

Nice Tuan is an e-commerce platform that provides fresh produce, beverage, leisure food, and daily supplies.

Consumer GoodsE-CommerceFood and BeverageWarehousing
Series CMay 30, 2020
Amount Raised: $81,400,000