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Corporate Venture
capital.lenovo.com

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Investments

146

Portfolio Exits

6

Funds

4

About Lenovo Capital and Incubator Group

Lenovo Capital and Incubator Group, part of Lenovo Group, invests in core-technology and Internet-related areas globally. It focuses on areas including cloud computing, big data, artificial intelligence, robotics, and Internet services.

Lenovo Capital and Incubator Group Headquarter Location

Courtyard 1 No. 10, West Wangdong Road, Haidian District

Beijing, Beijing, 100085,

China

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Latest Lenovo Capital and Incubator Group News

Lenovo to help accelerate intelligent transformation

Jul 9, 2020

Lenovo to help accelerate intelligent transformation By Ma Si | chinadaily.com.cn | Updated: 2020-07-09 11:16 A screenshot from Lenovo's intelligent services. [Photo provided to chinadaily.com.cn] Chinese tech giant Lenovo Group Ltd is stepping up its push to help local companies accelerate intelligent transformation and unveil new tech solutions for smart cities, education, agriculture, energy, manufacturing and other sectors. Liu Jun, president of Lenovo's China branch, said as the leading intelligent service provider Lenovo launched the Range-wide Intelligence Services and Ecosystem strategy to help customers accelerate intelligence, jointly grasp the historical opportunities of intelligent transformation and promote the transformation of China's economic momentum. Wu Xiaobo, a renowned finance writer in China, said Chinese companies used to lack confidence and courage in pushing forward intelligent transformation because the industry lacked a service provider with local experiences and systematic solutions. Lenovo said combining its years of accumulated knowledge in artificial intelligence and big data technologies with its experience in helping clients achieve intelligent transformation can help the company better serve more industries. Liu from Lenovo said the company aims to offer full-cycle intelligent services, including research and development, production, supply chain management, sales and after-sales activities. The Beijing-based company is also working hard to build an ecosystem where it can team up with more business partners to help traditional industries upgrade themselves. Lenovo Capital and Incubator Group, a venture capital unit of Lenovo, has established a $1 billion fund to support the development of its ecosystem partners. Related Stories

Lenovo Capital and Incubator Group Investments

146 Investments

Lenovo Capital and Incubator Group has made 146 investments. Their latest investment was in Black Sesame Technologies as part of their Series C on September 9, 2021.

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Lenovo Capital and Incubator Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/22/2021

Series C

Black Sesame Technologies

Yes

China Automotive Chip Industry Innovation Strategic Alliance, FutureX Capital, Oriza Holdings, SummitView Capital, Sunic Capital, Wingtech Technology, and Xiaomi

11

9/8/2021

Series A

RiVAI

Yes

Baidu Ventures, Bytedance, Hillhouse Capital Management, Northern Light Venture Capital, Waterwood Group, Wu Capital, and ZhenFund

4

9/3/2021

Series B - III

ELITE Robotics

$15.5M

No

CICC ALPHA, and Guozhong Venture Capital Management

1

8/30/2021

Seed VC - II

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$99M

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10

8/25/2021

Seed VC

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$99M

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10

Date

9/22/2021

9/8/2021

9/3/2021

8/30/2021

8/25/2021

Round

Series C

Series A

Series B - III

Seed VC - II

Seed VC

Company

Black Sesame Technologies

RiVAI

ELITE Robotics

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Amount

$15.5M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

China Automotive Chip Industry Innovation Strategic Alliance, FutureX Capital, Oriza Holdings, SummitView Capital, Sunic Capital, Wingtech Technology, and Xiaomi

Baidu Ventures, Bytedance, Hillhouse Capital Management, Northern Light Venture Capital, Waterwood Group, Wu Capital, and ZhenFund

CICC ALPHA, and Guozhong Venture Capital Management

Sources

11

4

1

10

10

Lenovo Capital and Incubator Group Portfolio Exits

6 Portfolio Exits

Lenovo Capital and Incubator Group has 6 portfolio exits. Their latest portfolio exit was MissFresh on June 25, 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

6/25/2021

IPO

$991

1

00/00/0000

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$991

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10

00/00/0000

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$991

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10

00/00/0000

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10

00/00/0000

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$991

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10

Date

6/25/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

IPO

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Companies

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Valuation

$991

$991

$991

$991

Acquirer

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Sources

1

10

10

10

10

Lenovo Capital and Incubator Group Fund History

4 Fund Histories

Lenovo Capital and Incubator Group has 4 funds, including Lenovo Capital Phase II Investment Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/5/2016

Lenovo Capital Phase II Investment Fund

Multi-Stage Venture Capital

$500M

8

11/30/2014

Le Fund II

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$99M

10

12/31/2010

Le Fund I

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$99M

10

Lenovo SIoT Fund

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$99M

10

Closing Date

5/5/2016

11/30/2014

12/31/2010

Fund

Lenovo Capital Phase II Investment Fund

Le Fund II

Le Fund I

Lenovo SIoT Fund

Fund Type

Multi-Stage Venture Capital

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Status

Amount

$500M

$99M

$99M

$99M

Sources

8

10

10

10

Lenovo Capital and Incubator Group Team

1 Team Member

Lenovo Capital and Incubator Group has 1 team member, including current President, Zhiqiang He.

Name

Work History

Title

Status

Zhiqiang He

President

Current

Name

Zhiqiang He

Work History

Title

President

Status

Current

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