
Cowin Capital
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
Frequently Asked Questions
Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.