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Venture Capital
FINANCE | Investment Firms & Funds
qimingvc.com

Investments

1012

Portfolio Exits

105

Funds

28

Partners & Customers

1

Service Providers

1

About 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.

Headquarters Location

88 Century Boulevard Room3906, Jinmao Tower

Shanghai, Shanghai, 200121,

China

+86 21 6101 6522

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Expert Collections containing Qiming Venture Partners

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Find Qiming Venture Partners in 1 Expert Collection, including Synthetic Biology.

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Research containing Qiming Venture Partners

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Qiming Venture Partners in 2 CB Insights research briefs, most recently on Aug 5, 2021.

Latest Qiming Venture Partners News

Qiming Venture Partners' portfolio company Tuhu Car Successfully Listed on the Hong Kong Stock Exchange

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.

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Qiming Venture Partners Investments Activity

investments chart

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

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$99M

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10

11/13/2023

Series A

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$99M

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10

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

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Amount

$80M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

2

4

2

10

10

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

$99M

Public

2

7/14/2023

Acq - Pending

$99M

3

4/27/2023

IPO

$99M

Public

1

2/9/2023

IPO

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$99M

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10

2/9/2023

Reverse Merger

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$99M

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10

Date

9/26/2023

7/14/2023

4/27/2023

2/9/2023

2/9/2023

Exit

IPO

Acq - Pending

IPO

IPO

Reverse Merger

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Public

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Sources

2

3

1

10

10

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

$99M

$56.12M

Acquired

Date

9/1/2016

Investment Stage

Debt

Companies

Valuation

$99M

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

$99M

10

12/31/2019

Qiming US Healthcare Fund II LP

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$99M

10

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

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Status

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Amount

$940.4M

$2,500M

$260M

$99M

$99M

Sources

2

1

1

10

10

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

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Name

Gary E. Rieschel

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Work History

Title

Founder, Founding Partner, Managing Partner

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Status

Current

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