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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?

Shengrong Technology

Hunan, Fujian, China

Shengrong Technology specializes in the development and production of lithium replenishment materials for use in battery cathodes.

Advanced MaterialsBatteryManufacturing
SeedNov 11, 2025
Capitas

Wuxi, Anhui, China

Capitas is a semiconductor technology company that focuses on supplying semiconductor vacuum valves and heating component products.

Advanced MaterialsIndustrial ManufacturingSemiconductor
Series ANov 10, 2025
Pavepal

Dongguang, Guangdong, China

Pavepal is an intelligent construction robot developer focused on construction robot research and offering robot solutions.

ManufacturingRobotics
Series ANov 10, 2025
AirSack

Suzhou, Jiangsu, China

AirSack is a technology-driven R&D company.

ConstructionMachinery Manufacturing
SeedNov 7, 2025
Pengnao Technology

Shenzhen, Guangdong, China

Pengnao Technology is an innovative brain-computer interface company with independent intellectual property rights.

Intellectual Property
SeedOct 27, 2025

Zhongke Fifth Era focuses on new technology that builds a material foundation for embodied worlds and multimodal end-to-end large models.

Information TechnologyRobotics
AngelOct 24, 2025
Amount Raised: $14,041,887
Weifeng New Materials

Dongguan, Hebei, China

Weifeng New Materials is a leading provider of industry chain solutions for heat dissipation components for AI supercomputing.

SeedOct 23, 2025
Amount Raised: $14,039,423
Junfeng New Materials

Nantong, Jiangsu, China

Junfeng New Materials is a high-tech business specializing in the R&D, manufacturing, and sales of electronic materials.

Consumer ElectronicsElectronicsManufacturing
Series AOct 22, 2025
Taoshi Intelligent

Shenzhen, Guangdong, China

Taoshi Intelligent is an industrial engineering company that manufactures precision metal parts.

IndustrialManufacturingPrecious Metals
SeedOct 17, 2025
AIsphere

Beijing, Beijing, China

AIsphere focuses on visual multimodal large models and empowering content producers in many sectors and scenarios with AIGC technology.

Artificial Intelligence (AI)Computer VisionService Industry
Series BOct 17, 2025
Amount Raised: $14,038,437