Investments
384Portfolio Exits
36Funds
7About Sinovation Ventures
Sinovation Ventures, formerly China's Innovation Works, was founded in September 2009 by Dr. Kai-Fu Lee, previously the head of Google China and the founder of Microsoft Research Asia. The firm, with $1.2 billion in AUM today, is a top 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.
Sinovation Ventures Headquarter Location
Dinghao Tower A 9-10/F, No. 3 Haidian Street Haidian District
Beijing, Beijing, 100 080,
China
+86 010-57525200
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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Research containing Sinovation Ventures
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CB Insights Intelligence Analysts have mentioned Sinovation Ventures in 2 CB Insights research briefs, most recently on Apr 19, 2022.
Latest Sinovation Ventures News
May 19, 2022
Leekr Technology, a chassis-by-wire system solutions provider, announced on Thursday its completion of A and A+ rounds of financing , securing a cumulative amount of nearly 200 million yuan ($29.56 million). The round-A investment was jointly led by Vision Plus Capital and Sinovation Ventures, with additional participation from FTZ Fund, the Lingang New Area Science and Technology Innovation Fund and Unity Ventures. The round-A+ investment was led by Harvest Fund, with Yiqilihe serving as a co-investor. Vision Plus Capital, FTZ Fund and Lingang New Area Science and Technology Innovation Fund are existing shareholders of the firm. The newly acquired funds are mainly to be used for the construction of a Phase I-Phase II intelligent manufacturing industrialization base and for investment in R&D of next generation products of chassis-by-wire systems. Also, the funds are intended to guarantee large-scale delivery of the company’s decoupled electronic brake booster (DHB) and integrated intelligent brake system (IHB) in 2022. Founded in 2021, Leekr Technology is committed to providing safe, efficient and intelligent complete solutions for chassis-by-wire systems to car companies and industrial partners. The founding team has worked in the chassis industry for decades, and its core R&D members are from the top system suppliers in the world, such as Bosch, ZF Friedrichshafen AG, Continental AG and Huawei, and have rich experience in the mass production of projects. Its DHB and IHB have been designated for nine car projects of leading Chinese automakers, covering new energy vehicles and fuel vehicles. The company completed winter tests in March, and expects to realize the first large-scale mass production of car company projects in mid-2022. Hui Zhifeng, the founder and CEO of Leekr Technology, said: “I am honored that our team and product R&D capabilities are recognized by customers and investors of car companies. We will continue to build better by-wire chassis products in line with market demand, and cooperate profoundly with car companies in new fields such as new energy and autonomous driving.”
Sinovation Ventures Investments
384 Investments
Sinovation Ventures has made 384 investments. Their latest investment was in Elixir Clinical Research as part of their Series A on April 4, 2022.
Sinovation Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
4/22/2022 | Series A | Elixir Clinical Research | $52M | Yes | 3 | |
4/2/2022 | Seed VC | Xiangyue Interactive | Yes | 1 | ||
3/31/2022 | Series B | ADEN | $31.39M | No | 3 | |
3/15/2022 | Series A | |||||
3/3/2022 | Series B - II |
Date | 4/22/2022 | 4/2/2022 | 3/31/2022 | 3/15/2022 | 3/3/2022 |
|---|---|---|---|---|---|
Round | Series A | Seed VC | Series B | Series A | Series B - II |
Company | Elixir Clinical Research | Xiangyue Interactive | ADEN | ||
Amount | $52M | $31.39M | |||
New? | Yes | Yes | No | ||
Co-Investors | |||||
Sources | 3 | 1 | 3 |
Sinovation Ventures Portfolio Exits
36 Portfolio Exits
Sinovation Ventures has 36 portfolio exits. Their latest portfolio exit was AInnovation on January 27, 2022.
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 |
|---|---|---|---|---|---|
1/27/2022 | IPO | 1 | |||
1/8/2022 | Acquired | 4 | |||
10/26/2021 | Acquired | 1 | |||
Date | 1/27/2022 | 1/8/2022 | 10/26/2021 | ||
|---|---|---|---|---|---|
Exit | IPO | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 4 | 1 |
Sinovation Ventures Fund History
7 Fund Histories
Sinovation Ventures has 7 funds, including Sinovation RMB Fund III.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
6/5/2019 | Sinovation RMB Fund III | $361.72M | 1 | ||
5/24/2018 | Chuangxin Qizhi Guangzhou (创新奇智广州) | ||||
4/16/2018 | Sinovation Fund IV | ||||
9/12/2016 | Sinovation Fund III | ||||
9/12/2016 | Sinovation RMB Fund |
Closing Date | 6/5/2019 | 5/24/2018 | 4/16/2018 | 9/12/2016 | 9/12/2016 |
|---|---|---|---|---|---|
Fund | Sinovation RMB Fund III | Chuangxin Qizhi Guangzhou (创新奇智广州) | Sinovation Fund IV | Sinovation Fund III | Sinovation RMB Fund |
Fund Type | |||||
Status | |||||
Amount | $361.72M | ||||
Sources | 1 |
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 | |
Hua Wang | Chief Executive Officer, Managing Partner | Current | |
Ning Tao | President | Current | |
Puyu Li | Chief Financial Officer | Current | |
Yonggang Wang | Chief Technology Officer | Current |
Name | Kai-fu Lee | Hua Wang | Ning Tao | Puyu Li | Yonggang Wang |
|---|---|---|---|---|---|
Work History | |||||
Title | Founder, Chief Executive Officer | Chief Executive Officer, Managing Partner | President | Chief Financial Officer | Chief Technology Officer |
Status | Current | Current | Current | Current | Current |
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