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Shunwei Capital

Asia, Beijing, China, Beijing

Description

Shunwei Capital is a prominent venture capital firm based in Beijing, China, co-founded in 2011 by Lei Jun, the visionary founder of Xiaomi, and Tuck Lye Koh. The firm has established itself as a key investor in China's rapidly evolving internet and technology sectors, with a primary focus on early- to mid-stage companies. Leveraging Lei Jun's extensive industry insights and the strategic resources of the Xiaomi ecosystem, Shunwei Capital aims to identify and nurture disruptive startups with high growth potential, particularly those aligned with mobile internet, smart hardware, e-commerce, and enterprise services.

The firm's investment philosophy centers on providing not just capital but also strategic guidance and operational support to its portfolio companies. Shunwei Capital actively seeks out entrepreneurs who are building innovative products and services that address large market opportunities. Their portfolio spans a diverse range of sectors, including deep technology, artificial intelligence, fintech, and consumer internet, reflecting a broad yet strategic approach to capturing value in the digital economy. This hands-on approach and deep industry connections have contributed significantly to the success of many of their investments.

Shunwei Capital has demonstrated a robust investment track record, managing multiple funds with total assets under management exceeding $3 billion. The firm is known for its prolific investment activity, having made over 500 investments across China and India since its inception. While their typical first cheque size can vary based on the stage and specific opportunity, they generally deploy capital ranging from approximately $2 million for promising early-stage ventures to around $25 million for more developed mid-stage companies. Their notable investments include early stakes in giants like ByteDance, Kuaishou, and Meituan, underscoring their ability to identify future market leaders and generate significant returns for their limited partners.

Investor Profile

Shunwei Capital has backed more than 126 startups, with 19 new investments in the last 12 months alone. The firm has led 28 rounds, about 22% of its total and boasts 38 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Series C rounds (top funding stages).
  • Majority of deals are located in China, India, United States.
  • Strong thematic focus on Software, E-Commerce, Internet.
  • Led 6 rounds in the past year.
  • Typical check size: $2M – $25M.

Stage Focus

  • Series A (27%)
  • Series B (26%)
  • Series C (19%)
  • Series D (9%)
  • Seed (8%)
  • Series Unknown (3%)
  • Angel (3%)
  • Series E (2%)
  • Series I (1%)
  • Series F (1%)

Country Focus

  • China (66%)
  • India (17%)
  • United States (11%)
  • Indonesia (2%)
  • Singapore (2%)
  • Brazil (1%)
  • Israel (1%)
  • Taiwan (1%)
  • Japan (1%)

Industry Focus

  • Software
  • E-commerce
  • Internet
  • Manufacturing
  • Artificial Intelligence (Ai)
  • Information Technology
  • Hardware
  • Electronics
  • Financial Services
  • Mobile Apps
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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 Shunwei Capital frequently co-invest with?

Xiaomi
Asia, Beijing, China, Beijing
Co-Investments: 15
IDG Capital
Asia, Beijing, China, Beijing
Co-Investments: 11
Hillhouse Investment
Asia, Central Region, Singapore, Singapore
Co-Investments: 7
Tencent
Asia, Guangdong, China, Shenzhen
Co-Investments: 8
SAIF Partners
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 6
Cathay Capital
Europe, Ile-de-France, France, Paris
Co-Investments: 7
5Y Capital
Asia, Shanghai, China, Xuhui
Co-Investments: 8
HongShan
Asia, Beijing, China, Beijing
Co-Investments: 7
Qiming Venture Partners
Asia, Shanghai, China, Shanghai
Co-Investments: 7
GGV Capital
North America, California, United States, Menlo Park
Co-Investments: 19

Which angels does Shunwei Capital often collaborate with?

Atul Goel
Asia, Maharashtra, India, Mumbai
Shared Deals: 1
Shared Deals: 1
BG
Asia, China
Shared Deals: 2
Patrick Cheung
Asia, Hong Kong
Shared Deals: 1
Shared Deals: 1
HB
North America, New York, United States, New York
Shared Deals: 1
Xiaopeng He
Asia, Guangdong, China, Guangzhou
Shared Deals: 1
Joe Hirao
Asia, Tokyo, Japan, Tokyo
Shared Deals: 1
PW
North America, California, United States, San Jose
Shared Deals: 1
AS
North America, California, United States, Oakland
Shared Deals: 1

What are some of recent deals done by Shunwei Capital?

Goodeep

Hangzhou, Zhejiang, China

Goodeep is a autonomous intelligent technology company that develops enterprise-level intelligent agents.

Artificial Intelligence (AI)Big Data
AngelMar 30, 2026
Yaozheng Quantum Technology

Ciyu, Hebei, China

Yaozheng Quantum focused on trapped‑ion quantum computing hardware and related photonic products and cloud services.

Quantum Computing
SeedMar 29, 2026
FAIR

Suzhou, Jiangsu, China

FAIR is a robot company that carries out independent research and development of all core components.

Intelligent SystemsProduct ResearchRobotics
Series CMar 24, 2026
Amount Raised: $100,000,000
Octopus Power

Beijing, Beijing, China

Octopus Power develops physics-based artificial intelligence systems focused on physical automatic generated intelligence.

Artificial Intelligence (AI)Information TechnologyRobotics
Series AMar 20, 2026
Amount Raised: $50,000,000
Lanestar

Longhua, Guangdong, China

Lanestar is a company specializing in "outdoor intelligent cooling technology."

Series AMar 17, 2026
Neurodome

Xian Shi, Shaanxi, China

Neurodome is a manufacturer of non-invasive deep brain nerve modulation technology and products.

BiotechnologyMedicalMedical Device
Series AMar 12, 2026
Amount Raised: $14,546,089
Leqi Intelligent

Shenzhen, Guangdong, China

Leqi Intelligent specialized in research and development of intelligent short-term transportation through AIoT intelligent interconnection.

Information TechnologyManufacturingTransportation
Series BMar 10, 2026
Spirit AI

Beijing, Beijing, China

Spirit AI builds 'universal brain' for real-world robots.

Artificial Intelligence (AI)InternetRoboticsSoftware
Series AFeb 24, 2026
Amount Raised: $290,006,380
Zhiran Medical

Beijing, Beijing, China

Zhiran Medical is a medical technology company specializing in the precise detection and treatment of neurological disorders.

Health CareMedicalNeuroscience
Series AFeb 11, 2026
Amount Raised: $43,397,127
Outopia

Shanghai, Shanghai, China

Outopia is focus on trail running, positioning itself in the next generation of professional outdoor sports market.

ConsultingOutdoorsRetail
Series BFeb 10, 2026

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