Lenovo Capital and Incubator Group (LCIG) logo

Lenovo Capital and Incubator Group (LCIG)

Asia, Beijing, China, Beijing

Description

Lenovo Capital and Incubator Group (LCIG) serves as the corporate venture capital arm of the global technology giant, Lenovo Group. Established to strategically invest in and incubate innovative startups, LCIG plays a crucial role in expanding Lenovo's technological ecosystem and fostering future growth areas. The firm combines traditional venture capital investment with an incubator function, providing not only capital but also strategic guidance, resources, and access to Lenovo's extensive network and market expertise. This dual approach allows LCIG to identify and nurture companies that align with Lenovo's long-term vision in emerging technologies.

LCIG primarily focuses its investments on early to growth-stage companies that are developing cutting-edge technologies and solutions. Their investment thesis centers around areas critical to the future of computing and connectivity, including artificial intelligence, big data analytics, cloud computing, Internet of Things (IoT), robotics, and augmented/virtual reality. By targeting these sectors, LCIG aims to create synergistic value with Lenovo's core businesses, exploring new product categories, enhancing existing offerings, and driving technological advancements that could shape the next generation of smart devices and infrastructure.

With a significant financial footprint, LCIG manages assets exceeding $2 billion across multiple funds, underscoring its substantial commitment to the venture landscape. Since its inception, the group has built a diverse portfolio, having invested in over 100 companies globally, predominantly in China, but also with an eye on international innovation. These investments range from seed-stage funding for promising concepts to larger growth equity rounds for more established enterprises. LCIG's strategic mandate ensures that its investments not only yield financial returns but also contribute to Lenovo's broader innovation strategy, positioning the parent company at the forefront of technological evolution.

Investor Profile

Lenovo Capital and Incubator Group (LCIG) has backed more than 52 startups, with 18 new investments in the last 12 months alone. The firm has led 8 rounds, about 15% of its total and boasts 8 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, Hong Kong, United States.
  • Strong thematic focus on Artificial Intelligence (AI), Manufacturing, Robotics.
  • Led 3 rounds in the past year.
  • Typical check size: $2M – $30M.

Stage Focus

  • Series A (31%)
  • Seed (23%)
  • Series B (21%)
  • Angel (10%)
  • Series Unknown (8%)
  • Series C (6%)
  • Private Equity (2%)

Country Focus

  • China (77%)
  • Hong Kong (10%)
  • United States (4%)
  • Israel (4%)
  • India (2%)

Industry Focus

  • Artificial Intelligence (Ai)
  • Manufacturing
  • Robotics
  • Information Technology
  • Electronics
  • Software
  • Semiconductor
  • Hardware
  • Medical
  • Autonomous Vehicles
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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 Lenovo Capital and Incubator Group (LCIG) frequently co-invest with?

Shunwei Capital
Asia, Beijing, China, Beijing
Co-Investments: 2
Angel Plus China
Asia, Beijing, China, Beijing
Co-Investments: 2
Cathay Capital
Europe, Ile-de-France, France, Paris
Co-Investments: 3
DT Capital Partners
Asia, Shanghai, China, Shanghai
Co-Investments: 2
Baidu Ventures
Asia, Beijing, China, Beijing
Co-Investments: 3
Matrix Partners China
Asia, Beijing, China, Beijing
Co-Investments: 4
HongShan
Asia, Beijing, China, Beijing
Co-Investments: 8
Qiming Venture Partners
Asia, Shanghai, China, Shanghai
Co-Investments: 3
GGV Capital
North America, California, United States, Menlo Park
Co-Investments: 4
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 3

Which angels does Lenovo Capital and Incubator Group (LCIG) often collaborate with?

Eddie Wu
Asia, Beijing, China, Beijing
Shared Deals: 1
Wanqiang Li
Asia, Beijing, China, Beijing
Shared Deals: 1
Adrian Cheng
Asia, Hong Kong
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by Lenovo Capital and Incubator Group (LCIG)?

DeepWay

Beijing, Beijing, China

DeepWay is a maker and developer of intelligent electric commercial vehicles.

Autonomous VehiclesElectric Vehicle
Series UnknownJan 26, 2026
Amount Raised: $169,029,052

Zhejiang Humanoid Robot Innovation Center mission is to "liberate human productivity and transform production and lifestyle".

Human Computer InteractionLifestyleRobotics
SeedJan 22, 2026
Amount Raised: $64,528,156
Memsilicon

Beijing, Beijing, China

Memsilicon specializes in research and development solutions for RRAM storage and AI computing technologies.

Artificial Intelligence (AI)Data StorageInformation Technology
SeedJan 5, 2026
Amount Raised: $14,322,133
Sinsegye

Nanshan, Hunan, China

Sinsegye operates as a product-driven enterprise company.

Industrial AutomationSoftware
Series BDec 29, 2025
Amount Raised: $42,821,051
DP Technology

Haidian, Beijing, China

DP Technology is a global leader in "AI for Science", where AI tackles key challenges in scientific research and industrial R&D.

Advanced MaterialsArtificial Intelligence (AI)BiotechnologySoftware
Series CDec 24, 2025
Amount Raised: $113,833,632
Syneron

Guangzhou, Guangdong, China

Syneron is a company that using artificial intelligence and biotechnology to address two significant global challenges.

Artificial Intelligence (AI)Biotechnology
Series ADec 11, 2025
Amount Raised: $100,000,000
ONE2X

Haidian, Beijing, China

ONE2X is a company that specializes in technological research and product development for AI video.

Artificial Intelligence (AI)Video
Series ADec 5, 2025
Infinigence

Beijing, Beijing, China

Infinigence is dedicated to providing AGI computing power solutions based on its large model energy efficiency optimization tools.

Artificial Intelligence (AI)Cloud ComputingSemiconductor
Series ANov 27, 2025
Amount Raised: $70,618,477
Deepin Technology

Haidian, Beijing, China

Deepin Technology focuses on chemistry research using artificial intelligence.

Artificial Intelligence (AI)ChemicalLife Science
Series ANov 24, 2025
Amount Raised: $14,072,219
Lanyue Intelligent

Nanshan, Hunan, China

Lanyue Intelligent specializes in AI cloud browser technology.

Artificial Intelligence (AI)Cloud Computing
SeedNov 17, 2025

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