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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?

LibLib AI

Beijing, Beijing, China

LibLib AI is an AI image generation platform that provides cutting-edge content creation through AI multi-dimensional interactions.

Artificial Intelligence (AI)Content CreatorsGenerative AI
Series BOct 23, 2025
Amount Raised: $130,000,000

Realm of Illumination is an AI smarter hardware company that specializes in R&D for AI smart terminal equipment.

Artificial Intelligence (AI)Hardware
SeedOct 15, 2025
Amount Raised: $27,000,000
Shouxing Technology

New City, New York, United States

Shouxing Technology is the developer of the Humanoid robot.

Robotics
Series ASep 29, 2025
Vilego

Shenzhen, Guangdong, China

Vilego is a manufacturer of shared motorcycles.

Electric VehicleTransportationTravel
Series BSep 23, 2025
Xingmai Innovation

Suzhou, Jiangsu, China

Xingmai Innovation creates, develops, and sells intelligent swimming pool cleaning robots.

RoboticsSwimming
Series UnknownSep 23, 2025
Amount Raised: $140,613,355
MetaLenX

Shenzhen, Guangdong, China

Metalens is a designer and manufacturer of optical devices.

Manufacturing
Series ASep 5, 2025
Sieran Medical

Suzhou, Jiangsu, China

Sieran Medical is a medical device company that specializes in minimally invasive surgical treatment solutions for ophthalmology.

MedicalMedical DevicePrecision Medicine
Series UnknownSep 2, 2025
Amount Raised: $14,023,672
Shouxing Technology

New City, New York, United States

Shouxing Technology is the developer of the Humanoid robot.

Robotics
SeedAug 18, 2025
Xunlu Innovation

Shenzhen, Guangdong, China

Xunlu Innovatiom is the bicycle manufacturers

AutomotiveManufacturing
Series AAug 8, 2025
Wala English

Shenzhen, Guangdong, China

Wala English is the provider of the full-process AI c contextual learning service.

Artificial Intelligence (AI)Education
SeedJul 31, 2025
Amount Raised: $12,000,000