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Venture Capital
pinevc.com.cn

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Investments

287

Portfolio Exits

23

Funds

15

About Green Pine Capital Partners

Green Pine Capital Partners (GPCP) is a venture capital firm.

Green Pine Capital Partners Headquarter Location

International Cultural Building Shennan Road 3039

Shenzhen, Guangdong,

China

+86 755 83290633

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Latest Green Pine Capital Partners News

3D Vision Firm DexForce Bags Nearly $10M in Financing

Mar 23, 2022

(Source: DexForce) DexForce, a 3D vision software and hardware product company, has recently completed an angel round of financing worth nearly $10 million, with investors including Green Pine Capital Partners and ZhenFund, according to a report by 36Kr . The funds obtained from this round will be invested in the R&D of products and talent recruitment. Established in June 2021, DexForce focuses on the R&D of 3D vision products, providing cameras, algorithms and integrated solutions of software and hardware. At present, its solutions have been applied to industrial manufacturing scenarios including semiconductors, 3C (computer, communication and consumer electronics), automobiles and metal processing. The company’s core business are technology and products. Li Ping, CTO of DexForce, said that it uses 3D geometry deep learning technology to solve different problems in industrial manufacturing based on the 3D digital twinning and mixed AI. The mixed AI platform, which is independently developed by the company, integrates data generated by simulation rendering, geometric depth learning model design and domain adaptive model training. It thus can realize the integration of imaging perception at a low cost. As for the products, DexForce developed an industrial 3D vision depth camera, which was matched with algorithm model training and industrial software to provide customers with integrated 3D vision capability. Aiming at the application of different space sizes, it has released two depth cameras, which have been mass-produced to meet the needs of flexible production. The scale of the machine vision market is constantly expanding. The global market is now worth about 100 billion yuan ($15.7 billion), and it is still growing at a rate of more than 14% every year. China occupies 20% of the global market while the domestic manufacturing industry accounts for over 30% of the global market. There is still a broad space for demand of machine vision technology.

Green Pine Capital Partners Investments

287 Investments

Green Pine Capital Partners has made 287 investments. Their latest investment was in DEXFORCE as part of their Seed VC on March 3, 2022.

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Green Pine Capital Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/23/2022

Seed VC

DEXFORCE

$10M

Yes

2

3/10/2022

Series A - II

TenFong

Yes

4

3/1/2022

Series A

Winkey

$31.7M

Yes

3

2/28/2022

Series A

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$99M

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10

2/25/2022

Seed VC

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10

Date

3/23/2022

3/10/2022

3/1/2022

2/28/2022

2/25/2022

Round

Seed VC

Series A - II

Series A

Series A

Seed VC

Company

DEXFORCE

TenFong

Winkey

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Amount

$10M

$31.7M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

4

3

10

10

Green Pine Capital Partners Portfolio Exits

23 Portfolio Exits

Green Pine Capital Partners has 23 portfolio exits. Their latest portfolio exit was Wayzim on October 26, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/26/2021

IPO

$99M

1

8/28/2020

IPO

$99M

3

2/10/2020

IPO

1

11/8/2019

IPO

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10

11/5/2019

IPO

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$99M

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10

Date

10/26/2021

8/28/2020

2/10/2020

11/8/2019

11/5/2019

Exit

IPO

IPO

IPO

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

1

3

1

10

10

Green Pine Capital Partners Fund History

15 Fund Histories

Green Pine Capital Partners has 15 funds, including Green Pine Innovative Technology Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/24/2019

Green Pine Innovative Technology Fund

Multi-Stage Venture Capital

Closed

$139.43M

1

11/12/2015

Shenzhen Songhe Yuanwang Capital Management Co. Ltd.

Multi-Stage Venture Capital

Open

$15.83M

1

4/24/2015

Shenzhen Mobile Internet Industrial Alliance Qidian Fund I

Multi-Stage Venture Capital

Closed

$40.34M

1

5/4/2011

Suzhou Green Pine Growth II

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$99M

10

4/26/2011

Shenzhen Green Pine Jiyou Venture Capital Investment LP

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10

Closing Date

9/24/2019

11/12/2015

4/24/2015

5/4/2011

4/26/2011

Fund

Green Pine Innovative Technology Fund

Shenzhen Songhe Yuanwang Capital Management Co. Ltd.

Shenzhen Mobile Internet Industrial Alliance Qidian Fund I

Suzhou Green Pine Growth II

Shenzhen Green Pine Jiyou Venture Capital Investment LP

Fund Type

Multi-Stage Venture Capital

Multi-Stage Venture Capital

Multi-Stage Venture Capital

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Status

Closed

Open

Closed

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Amount

$139.43M

$15.83M

$40.34M

$99M

Sources

1

1

1

10

10

Green Pine Capital Partners Team

5 Team Members

Green Pine Capital Partners has 5 team members, including current Chief Financial Officer, Ciqiong Chen.

Name

Work History

Title

Status

Ciqiong Chen

Chief Financial Officer

Current

Shijun Chen

Managing Director

Current

Wei Li

Managing Director

Current

Hao Liu

Managing Director

Current

Yong Wang

Managing Director

Current

Name

Ciqiong Chen

Shijun Chen

Wei Li

Hao Liu

Yong Wang

Work History

Title

Chief Financial Officer

Managing Director

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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