Cowin Capital logo

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
circle-line
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?

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
United Optics Technology

Shanghai, Shanghai, China

United Optoelectronics Technology specializes in the spot supply of optical components, laser optical components.

ElectronicsProcurement
Series AJan 7, 2026
Wonsor

Shenzhen, Guangdong, China

Wonsor focuses on automatic precision detection technology to provide professional detection solutions and chip-based products.

ManufacturingSensor
Series AJan 6, 2026
Amount Raised: $14,320,903
Depei Open Source

Baoan, Guangdong, China

Depei Open Source is an AI and Robotics open source community in China.

Artificial Intelligence (AI)Open SourceRobotics
SeedJan 6, 2026
Aida Era

Hefei, Anhui, China

Aida Era delivers verifiable next-generation digital assets through synthetic reality, AIGC, large language models, security technologies.

Artificial Intelligence (AI)Security
SeedJan 4, 2026
Lizheng Technology

Haidian, Beijing, China

Lizheng Technology offers a selection of low-altitude security solutions and services.

AerospaceDronesHardwareSecurityService Industry
Series CDec 31, 2025
Amount Raised: $42,925,824

Yisu Innovation is a technological company that specialises in desktop laser processing machinery.

LaserMachinery Manufacturing
SeedDec 25, 2025
Amount Raised: $14,236,969
Snapmaker

Guangdong, Jilin, China

Snapmaker is entirely made of metal, ensuring a high quality and reliable 3D printing experience.

3D PrintingIndustrial EngineeringManufacturingPrecious Metals
Series CDec 4, 2025

Find More Investors Like Cowin Capital

Discover similar investors in our database and build your perfect investor list.

Need help with your fundraising strategy?Read our fundraising guides

Cowin Capital | Pipeseed