Hardware investors backing startups in China
14 investors hold two or more hardware startups in China each, 45 portfolio startups in all. The most active here are Cowin Capital (8), Glory Ventures (6) and Fortune Capital (6).
Investors backing startups in China
| Investor | Startups here | Portfolio rounds, 12 mo | Latest activity |
|---|---|---|---|
| CCowin CapitalVenture capital · China · Montage Technology, MetaX, Wotlon | 8 | 3 | Oct 2026 |
| GGlory VenturesVenture capital · YanRong Tech, NuVolta Technologies (Hefei), NationalChip | 6 | 10 | Sep 2026 |
 Fortune CapitalVenture capital · China · BIWIN, Great Power Energy, Talkweb | 6 | – | – |
 Legend CapitalVenture capital · China · Horizon Robotics, Fullhan, Hymson | 5 | 7 | Oct 2026 |
| VVertex Ventures ChinaVenture capital · China · Horizon Robotics, SemiDrive, NuVolta Technologies (Hefei) | 5 | 5 | Jul 2026 |
 Qiming Venture PartnersVenture capital · China · Hesai Technology, Cix Technology, Jingshi Measurement & Control | 4 | 25 | Oct 2026 |
| LLuminous VenturesVenture capital · Hesai Technology, MetaX, Southchip Semiconductor Technology | 4 | 12 | Sep 2026 |
 HongShanVenture capital · China · Horizon Robotics, Jialichuang_PCBdayang_shejidaoliangchanichizhanshidiankozhizaopingtai|PCBxianluban,dianluban, SmartSens | 4 | 4 | Jul 2026 |
 NEAVenture capital · United States · Actions Technology, XSKY, Availink | 3 | 37 | Oct 2026 |
| GGaorong VenturesVenture capital · WeView, Marching Power, NationalChip | 3 | 8 | Oct 2026 |
 CoatueVenture capital · United States · Mech-Mind Robotics, XPeng | 2 | 35 | Nov 2026 |
 TransLink CapitalVenture capital · United States · Montage Technology, NuVolta Technologies (Hefei) | 2 | 11 | Oct 2026 |
 ZhenFundAngel network · China · MetaX, Seetrum | 2 | 8 | Jul 2026 |
 Celesta CapitalVenture capital · VeriSilicon, Aura Semiconductor Co., Ltd. | 2 | 6 | Oct 2026 |
The most backed startups in China
| Startup | Investors in this list |
|---|---|
 NuVolta Technologies (Hefei) | 3 |
 Horizon Robotics | 3 |
 MetaX | 3 |
 Montage Technology | 2 |
 Hesai Technology | 2 |
 XSKY | 2 |
 Cmsemicon | 2 |
 NationalChip | 2 |
More on startups in China
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Questions
Who invests in hardware startups in China?
14 investors hold two or more hardware startups in China each, 45 portfolio startups in all. The most active here are Cowin Capital (8), Glory Ventures (6) and Fortune Capital (6).
How is this list built?
From what each investor holds: the portfolio page it publishes, the Y Combinator directory and the announced rounds that name it. An investor counts for China when at least two of its portfolio companies are based there; the list is rebuilt every night from 2,417 portfolios.