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Venture Capital
FINANCE | Investment Firms & Funds
chuangxin.com

Investments

426

Portfolio Exits

39

Funds

9

About 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.

Headquarters Location

Dinghao Tower A 9-10/F, No. 3 Haidian Street Haidian District

Beijing, Beijing, 100 080,

China

+86 010-57525200

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Expert Collections containing Sinovation Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Sinovation Ventures in 1 Expert Collection, including Education Technology (Edtech).

E

Education Technology (Edtech)

58 items

Latest Sinovation Ventures News

Ruishi Technology completed a Series A+ funding of hundred million CNY

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.

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Sinovation Ventures Investments Activity

investments chart

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

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10

7/14/2023

Seed VC

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$99M

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10

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

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Amount

$13.88M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

2

2

2

10

10

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

$99M

Public

2

12/28/2022

Take Private

$99M

1

10/6/2022

Acquired

$99M

5

1/27/2022

IPO

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$99M

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10

1/8/2022

Acquired

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$99M

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10

Date

9/28/2023

12/28/2022

10/6/2022

1/27/2022

1/8/2022

Exit

IPO

Take Private

Acquired

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

2

1

5

10

10

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

$99M

10

5/24/2018

Chuangxin Qizhi Guangzhou (创新奇智广州)

$99M

10

4/16/2018

Sinovation Fund IV

$99M

10

9/12/2016

Sinovation Fund III

$99M

10

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

$99M

$99M

$99M

$99M

Sources

2

10

10

10

10

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

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Name

Kai-fu Lee

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Work History

Title

Founder, Chief Executive Officer

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Status

Current

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