
Investments
1012Portfolio Exits
105Funds
28Partners & Customers
1Service Providers
1About Qiming Venture Partners
Qiming Venture Partners is a venture capital firm with offices in Asian and North American countries. It invests in companies in the technology and consumer (T&C) and healthcare industries at the early and growth stages. It was founded in 2006 and is based in Shanghai, China.
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Research containing Qiming Venture Partners
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CB Insights Intelligence Analysts have mentioned Qiming Venture Partners in 2 CB Insights research briefs, most recently on Aug 5, 2021.

Aug 5, 2021
Here Are The Most Active Healthcare InvestorsLatest Qiming Venture Partners News
Sep 26, 2023
Qiming Venture Partners' portfolio company Tuhu Car Successfully Listed on the Hong Kong Stock Exchange September 26, 2023 at 01:34 pm EDT Share SHANGHAI, Sept. 26, 2023 /PRNewswire/ -- Qiming Venture Partners' portfolio company Tuhu Car, China's leading one-stop car service platform, successfully listed on the Hong Kong Stock Exchange. The issue price of Tuhu Car (SEHK:9690) was HK$28 per share, representing a market capitalization of about HK$ Billion 22.75. As an early investor, Qiming invested in Tuhu Car's Series B, C and E rounds since 2014. The successful IPO today is also the seventh IPO that Qiming has welcomed since 2023. Founded in 2011, Tuhu Car has become China's leading car service platform integrating both online and offline operations. Utilizing a customer-centric model and strong supply chain, Tuhu Car provides digitalized on-demand customer experience and cater to the diverse needs of car owners, building a full-service platform comprised of car owners, suppliers, service stores and others. As of the first half of 2023, Tuhu Car has more than 100 million registered online users, with an average MAU over 10 million, making it the largest car owner community gathered by automotive service providers in China. In addition, Tuhu Car has more than 5,100 Tuhu Car stores and over 20,000 cooperative stores, covering most prefecture-level cities in China. Chen Min, Founder and CEO of Tuhu Car, said, "This year marks the twelfth anniversary of Tuhu Car's establishment, and we are proud to have been a part of and witnessed the remarkable growth of China's auto service market. The IPO is a fresh beginning for us. Moving forward, we are committed to delivering more and better products and services, driven by a genuine and open mindset, as well as a practical approach." Duane Kuang, Founding Managing Partner of Qiming Venture Partners said, "As early as 2014, Qiming was impressed by Tuhu Car's growing user base with its excellent user experience and novel marketing strategies. Tuhu Car team's outstanding execution and keen market insights have given us full confidence in the company's growth. IPO is an important corporate milestone, and we look forward to Tuhu Car expanding more service offerings and offline presence and achieving further growth after the IPO." About Qiming Venture Partners Founded in 2006, Qiming Venture Partners is a leading China venture capital firm with offices in Shanghai, Beijing, Suzhou, Hong Kong, Seattle, Boston, and the San Francisco Bay Area. Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Consumer (T&C) and Healthcare industries at the early and growth stages. Since our debut, we have backed over 530 fast-growing and innovative companies. Over 200 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or by other means. There are also over 70 portfolio companies that have achieved unicorn status. Many of our portfolio companies are today's most influential firms in their respective sectors, including Xiaomi (SEHK:1810), Meituan (SEHK:3690), Bilibili (NASDAQ:BILI, SEHK:9626), Zhihu (NYSE: ZH, SEHK: 2390), Roborock (SHSE:688169), Gan & Lee Pharmaceuticals (SHSE: 603087), Tigermed (SZSE:300347, SEHK:3347), Zai Lab (NASDAQ:ZLAB, SEHK:9688), CanSino Biologics (SEHK:6185, SHSE:688185), Schrödinger (NASDAQ:SDGR), APT Medical (SHSE:688617), New Horizon Health (SEHK:6606), Venus MedTech (SEHK:2500), Sanyou Medical (SHSE:688085), AmoyDx (SZSE:300685), Berry Genomics (SZSE:000710), SinocellTech (SHSE: 688520), Yuanxin Technology, Caidya, Belief BioMed, WeRide, Biren Technology, and UBTech, among many others.
Qiming Venture Partners Investments
1,012 Investments
Qiming Venture Partners has made 1,012 investments. Their latest investment was in Prime Life Science as part of their Seed VC - II on December 12, 2023.

Qiming Venture Partners Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
12/6/2023 | Seed VC - II | Prime Life Science | No | 2 | ||
12/5/2023 | Series A | Infinigence | Yes | 4 | ||
12/1/2023 | Series A - II | Sanegene Bio | $80M | No | 2 | |
11/29/2023 | Series A - II | |||||
11/13/2023 | Series A |
Date | 12/6/2023 | 12/5/2023 | 12/1/2023 | 11/29/2023 | 11/13/2023 |
---|---|---|---|---|---|
Round | Seed VC - II | Series A | Series A - II | Series A - II | Series A |
Company | Prime Life Science | Infinigence | Sanegene Bio | ||
Amount | $80M | ||||
New? | No | Yes | No | ||
Co-Investors | |||||
Sources | 2 | 4 | 2 |
Qiming Venture Partners Portfolio Exits
105 Portfolio Exits
Qiming Venture Partners has 105 portfolio exits. Their latest portfolio exit was Tuhu on September 26, 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 |
---|---|---|---|---|---|
9/26/2023 | IPO | Public | 2 | ||
7/14/2023 | Acq - Pending | 3 | |||
4/27/2023 | IPO | Public | 1 | ||
Date | 9/26/2023 | 7/14/2023 | 4/27/2023 | ||
---|---|---|---|---|---|
Exit | IPO | Acq - Pending | IPO | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | Public | |||
Sources | 2 | 3 | 1 |
Qiming Venture Partners Acquisitions
1 Acquisition
Qiming Venture Partners acquired 1 company. Their latest acquisition was OriGene Technologies on September 01, 2016.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
9/1/2016 | Debt | $56.12M | Acquired |
Date | 9/1/2016 |
---|---|
Investment Stage | Debt |
Companies | |
Valuation | |
Total Funding | $56.12M |
Note | Acquired |
Sources |
Qiming Venture Partners Fund History
28 Fund Histories
Qiming Venture Partners has 28 funds, including Qiming RMB Fund VII.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
5/18/2023 | Qiming RMB Fund VII | $940.4M | 2 | ||
7/11/2022 | Qiming Venture Partners VIII | $2,500M | 1 | ||
6/2/2022 | Qiming US Healthcare Fund III | $260M | 1 | ||
11/18/2020 | Qiming Venture Partners VII | ||||
12/31/2019 | Qiming US Healthcare Fund II LP |
Closing Date | 5/18/2023 | 7/11/2022 | 6/2/2022 | 11/18/2020 | 12/31/2019 |
---|---|---|---|---|---|
Fund | Qiming RMB Fund VII | Qiming Venture Partners VIII | Qiming US Healthcare Fund III | Qiming Venture Partners VII | Qiming US Healthcare Fund II LP |
Fund Type | |||||
Status | |||||
Amount | $940.4M | $2,500M | $260M | ||
Sources | 2 | 1 | 1 |
Qiming Venture Partners Partners & Customers
1 Partners and customers
Qiming Venture Partners has 1 strategic partners and customers. Qiming Venture Partners recently partnered with LACERA on March 3, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
3/3/2022 | Partner | United States | 1 |
Date | 3/3/2022 |
---|---|
Type | Partner |
Business Partner | |
Country | United States |
News Snippet | |
Sources | 1 |
Qiming Venture Partners Service Providers
1 Service Provider
Qiming Venture Partners has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Counsel | General Counsel |
Service Provider | |
---|---|
Associated Rounds | |
Provider Type | Counsel |
Service Type | General Counsel |
Partnership data by VentureSource
Qiming Venture Partners Team
11 Team Members
Qiming Venture Partners has 11 team members, including current Founder, Founding Partner, Managing Partner, Gary E. Rieschel.
Name | Work History | Title | Status |
---|---|---|---|
Gary E. Rieschel | Founder, Founding Partner, Managing Partner | Current | |
Name | Gary E. Rieschel | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Founder, Founding Partner, Managing Partner | ||||
Status | Current |
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