Investments
426Portfolio Exits
39Funds
9About Sinovation Ventures
Sinovation Ventures is an international platform differentiated by high value-added services for portfolio companies. The firm strives to be the founders' partners from idea to product, from local to global expansion. With the headquarter in Beijing, the firm also has offices in the Silicon Valley, Shanghai, Shenzhen, Xiamen, and Wuhan. In the U.S., the firm's investment focus areas are: 1) advanced technologies such as artificial intelligence and cloud computing; 2) education technology; 3) developer tools: SDKs, APIs, next generation analytics, mobile A/B testing; and 4) B2B SaaS for sales, operational productivity and real-time communications. In China, the firm will also invest in digital entertainment, consumer and B2B services, and fintech. Sinovation Ventures sometimes invest in projects beyond these focus stages and areas. Such projects are always led by exceptional teams and have an immediate and clear synergy with its current portfolio.

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Expert Collections containing Sinovation Ventures
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Find Sinovation Ventures in 1 Expert Collection, including Education Technology (Edtech).
Education Technology (Edtech)
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Latest Sinovation Ventures News
Aug 14, 2023
Technology Author: Violet Chen Updated 19 mins ago (GMT+8) Shanghai Ruishi Health Technology Co., Ltd. (“Ruishi Technology”) recently has announced the completion of hundred million of CNY in Series A+ funding, Sinovation Ventures (创新工场) is the largest institutional investor. Ruishi Technology was founded in 2017, it is a vision health management service provider for children and adolescents. The company uses cutting-edge technologies such as the internet of things, artificial intelligence, and big data to explore the underlying causes of myopia in children, providing practical and feasible prevention and control plans for pain points in children's vision health. According to Ruishi Technology, the core product of the company, "Ruishi Far Image Light Screen," adopts three core technologies: analog panoramic high-definition imaging, digital spectral structure, and digital defocusing and blurry stimulation, integrating AR free form surface patent technology to achieve digitalization and personalization of defocusing. Children can use this device to simulate the effect of looking at the blackboard from a distance in the classroom while using it in the desk space. The close learning scene can be transformed into a long distance, avoiding short-term myopia caused by prolonged close eye contact. According to Tebon, the overall myopia rate among Chinese teenagers exceeded 50% in 2020, ranking first in the world. The market size of myopia prevention and control may reach CNY 210 billion in 2030, with a compound annual growth rate of 13.7%. High myopia rate among children and adolescents and the prominent issue of myopia at a young age are the main reasons for the growth of the myopia prevention and control market. In addition to Ruishi Technology, several companies are competing in the myopia prevention market, such as Eyebright Medical (爱博医疗),Xingqi Pharmaceutical (兴齐眼药), Zhaoke Ophthalmology (兆科眼科) and Haohai Biological (昊海生科) in China, Santen Pharmaceutical and Euclid Vision in the United States, and Procornea in the Netherlands. Jun Yao, founder of Ruishi Technology, stated: "the equipment industry will be a very important link in China's integrated circuit industry to achieve a leap from following to leading. Fuxuan Technology will strive to break through industry weaknesses through continuous technological research and system optimization design, firmly grasp market opportunities, and strive to build the company into a well-known brand of semiconductor equipment, making positive contributions to the development of domestic equipment.” This round of financing for Ruishi Technology was exclusively invested by Sinovation Ventures (创新工场), with follow-on investments from Botanee (贝泰妮), Sinopharm-CICC (曜金资本), and BlueRun Ventures (蓝驰创投), Millennium Capital (万世资本) acted as the financial advisor. This round of financing funds will mainly be used to carry out national multicenter GCP clinical trials and registration certification for multiple products. Selected reports
Sinovation Ventures Investments
426 Investments
Sinovation Ventures has made 426 investments. Their latest investment was in True Talents For China as part of their Seed VC - II on September 9, 2023.

Sinovation Ventures Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
9/25/2023 | Seed VC - II | True Talents For China | Yes | 2 | ||
9/25/2023 | Series D | XAG | No | 2 | ||
8/9/2023 | Series A - II | Ruishi Health | $13.88M | Yes | 2 | |
7/17/2023 | Series C | |||||
7/14/2023 | Seed VC |
Date | 9/25/2023 | 9/25/2023 | 8/9/2023 | 7/17/2023 | 7/14/2023 |
---|---|---|---|---|---|
Round | Seed VC - II | Series D | Series A - II | Series C | Seed VC |
Company | True Talents For China | XAG | Ruishi Health | ||
Amount | $13.88M | ||||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 2 | 2 | 2 |
Sinovation Ventures Portfolio Exits
39 Portfolio Exits
Sinovation Ventures has 39 portfolio exits. Their latest portfolio exit was 4Paradigm on September 28, 2023.
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 |
---|---|---|---|---|---|
9/28/2023 | IPO | Public | 2 | ||
12/28/2022 | Take Private | 1 | |||
10/6/2022 | Acquired | 5 | |||
Date | 9/28/2023 | 12/28/2022 | 10/6/2022 | ||
---|---|---|---|---|---|
Exit | IPO | Take Private | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | ||||
Sources | 2 | 1 | 5 |
Sinovation Ventures Fund History
9 Fund Histories
Sinovation Ventures has 9 funds, including Sinovation Ventures Fund V.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
11/15/2022 | Sinovation Ventures Fund V | $203M | 2 | ||
6/5/2019 | Sinovation RMB Fund III | ||||
5/24/2018 | Chuangxin Qizhi Guangzhou (创新奇智广州) | ||||
4/16/2018 | Sinovation Fund IV | ||||
9/12/2016 | Sinovation Fund III |
Closing Date | 11/15/2022 | 6/5/2019 | 5/24/2018 | 4/16/2018 | 9/12/2016 |
---|---|---|---|---|---|
Fund | Sinovation Ventures Fund V | Sinovation RMB Fund III | Chuangxin Qizhi Guangzhou (创新奇智广州) | Sinovation Fund IV | Sinovation Fund III |
Fund Type | |||||
Status | |||||
Amount | $203M | ||||
Sources | 2 |
Sinovation Ventures Team
6 Team Members
Sinovation Ventures has 6 team members, including current Founder, Chief Executive Officer, Kai-fu Lee.
Name | Work History | Title | Status |
---|---|---|---|
Kai-fu Lee | Founder, Chief Executive Officer | Current | |
Name | Kai-fu Lee | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Founder, Chief Executive Officer | ||||
Status | Current |
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