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Cowin Capital

Asia, Guangdong, China, Shenzhen

Description

Cowin Capital is a prominent private equity and venture capital firm based in Shenzhen, China, established in 2000. It distinguishes itself by focusing on long-term investments in pioneering and growth-oriented enterprises across various high-potential sectors. The firm has grown to become a significant player in the Chinese investment landscape, managing a substantial portfolio and a large number of funds. Its strategic approach emphasizes identifying and nurturing companies with strong innovation capabilities and significant market potential, contributing to the development of China's technology and industrial sectors.

The firm boasts an impressive scale, with its cumulative assets under management (AUM) exceeding 30 billion RMB, which translates to approximately $4.15 billion USD. Cowin Capital manages over 100 distinct funds, demonstrating a diversified investment strategy across different stages and industries. Its extensive investment activity is reflected in its portfolio, having invested in over 1000 companies since its inception. This broad reach allows them to support a wide spectrum of enterprises, from nascent startups to more mature, pre-IPO companies.

Cowin Capital's investment scope spans critical sectors including TMT (Technology, Media, and Telecommunications), advanced manufacturing, new energy and new materials, healthcare, and consumer services. While their stated focus is on "pioneering enterprises," they invest across various stages, from early-stage and growth-stage to pre-IPO rounds. This multi-stage approach means their typical first cheque sizes can vary significantly, generally ranging from $1 million for early-stage ventures to potentially $50 million for more substantial stakes in later-stage or pre-IPO companies. The firm has also demonstrated a strong track record of successful exits, with over 160 portfolio companies having achieved successful listings or M&A exits, underscoring their ability to identify and scale promising businesses.

Investor Profile

Cowin Capital has backed more than 58 startups, with 39 new investments in the last 12 months alone. The firm has led 32 rounds, about 55% of its total and boasts 31 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in China, France, United States.
  • Strong thematic focus on Manufacturing, Robotics, Automotive.
  • Led 31 rounds in the past year.
  • Typical check size: $1M – $50M.

Stage Focus

  • Seed (26%)
  • Series A (24%)
  • Series B (21%)
  • Series Unknown (10%)
  • Series C (5%)
  • Angel (5%)
  • Series D (3%)
  • Post Ipo Equity (2%)
  • Series E (2%)
  • Undisclosed (2%)

Country Focus

  • China (95%)
  • France (2%)
  • United States (2%)

Industry Focus

  • Manufacturing
  • Robotics
  • Automotive
  • Advanced Materials
  • Electronics
  • Semiconductor
  • Biotechnology
  • Health Care
  • Industrial
  • Sensor
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FAQ

Frequently Asked Questions

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

Who does Cowin Capital frequently co-invest with?

IDG Capital
Asia, Beijing, China, Beijing
Co-Investments: 2
Fosun Capital
Asia, Shanghai, China, Shanghai
Co-Investments: 2
Legend Capital
Asia, Beijing, China, Beijing
Co-Investments: 2
BlackRock
North America, New York, United States, New York
Co-Investments: 1
Fortune Capital
North America, Florida, United States, Coral Gables
Co-Investments: 2
Walden International
North America, California, United States, San Francisco
Co-Investments: 2
TusStar
Asia, Beijing, China, Beijing
Co-Investments: 2
Highlight Capital
Asia, Jiangsu, China, Nanjin
Co-Investments: 2
SDIC Venture Capital
Asia, Hebei, China, Xicheng
Co-Investments: 2
CMB International Capital Corporation
Asia, Hong Kong Island, Hong Kong, Central
Co-Investments: 2

What are some of recent deals done by Cowin Capital?

Manifold AI

Chaoyang, Liaoning, China

Manifold AI is an artificial intelligence company that provides development of embodied intelligent world models.

Artificial Intelligence (AI)Robotics
SeedMar 4, 2026
Amount Raised: $28,910,090
Wushi Innovation

Shenzhen, Guangdong, China

Wushi Innovation was created exclusively for teaching, research, and product development.

EducationProduct DesignRoboticsSemiconductor
SeedMar 2, 2026
Yushengyueban

Shanghai, Shanghai, China

Yushengyueban is a tech company focused on the creation of large-scale multimodal conversational models.

Artificial Intelligence (AI)
AngelFeb 28, 2026
CECW

Huangpu, Shanghai, China

CECW is committed to providing enterprises with comprehensive industrial digital intelligence products

Series UnknownFeb 12, 2026
JIANXIN TECHNOLOGY

Huangpu, Guangdong, China

JIANXIN TECHNOLOGY is an industrial big data service provider company.

Information ServicesInformation TechnologySoftware
Post Ipo EquityFeb 12, 2026
iSpace China

Beijing, Beijing, China

iSpace designs and develops commercial space shuttle.

AerospaceSpace TravelTransportation
Series DFeb 9, 2026
Amount Raised: $727,627,302
Xinge Video

Nanjing, Jiangsu, China

Xinge Video offers services connected to the smart view big data solution.

Information ServicesInformation TechnologyVideo
Series BFeb 3, 2026
Paidu Technology

Shenzhen, Guangdong, China

PaiDu Technology specializes in high-end PVD vacuum coating technology

Precious MetalsSemiconductor
Series AJan 28, 2026
Tauren

Pudong, Shandong, China

Tauren is a domestic and hybrid design enterprise of analog and analog-digital chips.

ElectronicsHardwareSemiconductor
Series EJan 21, 2026
Manifold AI

Chaoyang, Liaoning, China

Manifold AI is an artificial intelligence company that provides development of embodied intelligent world models.

Artificial Intelligence (AI)Robotics
AngelJan 12, 2026
Amount Raised: $14,340,824

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