IDG Capital

ActiveVenture Capital

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Updated: Feb 17, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 11, 2026	Zhiran Medical	$43.4M Series A	CAS Star	Apricot Capital, Baidu Ventures, Beijing Medical and Health Industry Investment Fund, BioVenture, Jiayin Capital, Legend Capital, Lenovo Capital and Incubator Group (LCIG), Longzhu Capital, Sequoia Capital, Shunwei Capital
Apr 1, 2025	Artisan AI	$25.0M Series A	—	Alta Life Sciences, Alumni Ventures, Codon Capital, Day One Ventures, Felicis Ventures, Glade Brook Capital Partners, Krishna Yeshwant, Invariantes Fund, K2 Global, Menlo Ventures, Ribbit Capital, Sierra Ventures, Soma Capital, Tencent Holdings, Trajectory Ventures, Y Combinator, Adam D'Angelo, Alexander Zhuravlev, Alex Zhuravlev, Georges Harik, Greg Brockman, Jeff Hammerbacher, Lukas Biewald, Oliver Jung, Pete Koomen, Sahin Boydas, Thomas Tull, Tom Blomfield
Apr 1, 2023	BabylonAI	$800K Seed	—	Amino Capital, Adeyemi Ajao, Caffeinated Capital, Founders Fund, Notion Capital, Otherwise Fund, Point72 Ventures, RTP Global, Scale Venture Partners, True Ventures, Andreas Dittes, David Peterson, Errol Damelin, Flavio Nicolay Guimaraes, Sue Xu
Oct 1, 2022	Grafbase	$5.0M Seed	—	Accel, Amino Capital, Audrey Capital, Bain Capital Ventures, Adeyemi Ajao, C2 Investment, Caffeinated Capital, CRV, Decibel Partners, Flex Capital, Founders Fund, Next47, Notion Capital, Otherwise Fund, Point72 Ventures, Preston-Werner Ventures, RTP Global, Scale Venture Partners, Sherpalo Ventures, The Hit Forge, Third Point Ventures, True Ventures, Uncorrelated Ventures, Venture Guides, Y Combinator, Andreas Dittes, Ashish Taneja, Augusto Marietti, Bob Young, David Mytton, David Peterson, Errol Damelin, Flavio Nicolay Guimaraes, Florian Douetteau, Girish Mathrubootham, Jeff Hammerbacher, Klaus von Sayn-Wittgenstein, Marco Palladino, Sue Xu, Tobias Lutke, Guillermo Rauch
Mar 1, 2022	Hex Trust	$88.0M Series B	—	5Y Capital, Animoca Brands, CVentures, Sequoia Capital China
Feb 1, 2022	Fenbeitong	$140.0M Series C	—	Alumni Ventures, Glade Brook Capital Partners, Lightbank, Lightspeed Venture Partners, Ribbit Capital, David Dubick
Oct 1, 2021	OSlash	$3.0M Seed	—	AIX Ventures, Alchemy Ventures, Ambush Capital, Amino Capital, Andreessen Horowitz, Awesome People Ventures, Balderton Capital, Adeyemi Ajao, Batalion Capital, Better Capital, Breakthrough Energy Ventures, Broadstone, Caffeinated Capital, Capital Factory, Felix Capital, Form Capital, Founders Fund, Haun Ventures, HawksHead Capital, IDEO CoLab Ventures, Lightspeed India Partners, Lightspeed Venture Partners, Madrona Ventures, Matrix, NFX, Not Boring Capital, Notion Capital, On Deck, Ben Huh, Otherwise Fund, Pantera Capital, Pareto Holdings, Pharos Capital Group, Point72 Ventures, Redpoint Ventures, Robot Ventures, RTP Global, Scalar Capital, Scale Venture Partners, Sequoia Capital, Seven Seven Six, Sound Ventures, The Hit Forge, Third Kind Ventures, Timespan Ventures, Todd and Rahul's Angel Fund, Trajectory Ventures, True Ventures, Union Square Ventures, Venture Catalysts \| India's First Integrated Incubator, Andreas Dittes, Anthony Pompliano, Balaji Srinivasan, Bobby Goodlatte, Charlie Songhurst, Chris Kurdziel, Chris Schagen, Courtney Guertin, Cristina Cordova, DJ Patil, Dylan Field, Errol Damelin, Ethan Beard, Fernando Martinelli, Fidji Simo, Flavio Nicolay Guimaraes, Gokul Rajaram, Hadi Partovi, Itamar Lesuisse, Jess Sloss, Joe Stump, Jonathan Boutelle, Justin Mateen, Klaus von Sayn-Wittgenstein, Kyle Vogt, Michael Dunworth, Mike Vernal, Miten Mehta, Narendra Rocherolle, Paul Stamatiou, Reggie James, Ricky Engelberg, Scott Belsky, Shishir Mehrotra, Stani Kulechov, Sue Xu, Tegan Kline, Thomas Tull, Trevor Blackwell, William Boebel
Sep 1, 2021	Grafbase	$2.0M Seed	—	Active Capital, Amino Capital, Andreessen Horowitz, Audrey Capital, Backstage Capital, Adeyemi Ajao, Bedrock Capital, Bessemer Venture Partners, C2 Investment, Caffeinated Capital, Canaan Partners, CapitalX, Color Capital, Craft Ventures, CRV, Cyberstarts VC, Cyphr VC, Decibel Partners, Flex Capital, Founders Fund, Khosla Ventures, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Notion Capital, O'Reilly AlphaTech Ventures, Otherwise Fund, Paradox Capital, Point72 Ventures, Preston-Werner Ventures, Prototype Capital, Rising Tide Partners, RTP Global, SaaSholic Fund, Scale Venture Partners, Shaan's All Access Fund, Sherpalo Ventures, The Club, The Hit Forge, True Ventures, Vibe Capital, Weekend Fund, Y Combinator, Alex Lieberman, Andreas Dittes, Anthony Pompliano, Augusto Marietti, Ben Tossell, Bob Young, Chris Herd, Chris Murphy, David Mytton, David Peterson, Dharmesh Shah, Errol Damelin, Flavio Nicolay Guimaraes, Florian Douetteau, Girish Mathrubootham, Greg Isenberg, Ian Hogarth, Immad Akhund, Jaime Schmidt, Jeff Hammerbacher, Julian Shapiro, Justin Welsh, Klaus von Sayn-Wittgenstein, Kyle Vogt, Kyle York, Marco Palladino, Moshe Lifschitz, Musaab Hakami, Oliver Cameron, Paul Forster, Paul Yacoubian, Sahil Lavingia, Sam Parr, Sue Xu, Tobias Lutke, Guillermo Rauch
Sep 1, 2021	Stellar Health	$60.0M Series B	—	Addition, Amino Capital, Adeyemi Ajao, B Capital Group, BoxGroup, Caffeinated Capital, Electric Capital, First Round Capital, Founders Fund, General Atlantic, LGF, Hans Tung, Robin Li, Notion Capital, Otherwise Fund, Point72 Ventures, Primary Venture Partners, RTP Global, Scale Venture Partners, Sommet AB, Tiger Global Management, True Ventures, Two Sigma Ventures, Andreas Dittes, David Peterson, Errol Damelin, Flavio Nicolay Guimaraes, Ilya Golubovich, Jonathan Korngold, Klaus von Sayn-Wittgenstein, Louis Beryl, Mark Goines, Sahin Boydas, Sue Xu, Tim Griffin
Mar 1, 2021	Fenbeitong	$93.0M Series C	—	Greycroft, Mucker Capital
Feb 1, 2021	Pony.ai	$100.0M Series C	—	5Y Capital, CVentures, Sequoia Capital China
Nov 1, 2020	Pony.ai	$270.0M Series C	—	5Y Capital, CVentures, Sequoia Capital China
May 1, 2020	Stellar Health	$10.0M Series A	—	Addition, Amino Capital, Adeyemi Ajao, B Capital Group, BoxGroup, Caffeinated Capital, Electric Capital, First Round Capital, Founders Fund, LGF, Hans Tung, Robin Li, Notion Capital, Otherwise Fund, Point72 Ventures, Primary Venture Partners, RTP Global, Scale Venture Partners, Sommet AB, Tiger Global Management, True Ventures, Two Sigma Ventures, Andreas Dittes, David Peterson, Errol Damelin, Flavio Nicolay Guimaraes, Ilya Golubovich, Klaus von Sayn-Wittgenstein, Louis Beryl, Mark Goines, Sahin Boydas, Sue Xu, Tim Griffin
Mar 1, 2020	Fenbeitong	$36.0M Series B	—	Alumni Ventures, Glade Brook Capital Partners, Greycroft, Lightbank, Lightspeed Venture Partners, Mucker Capital, Ribbit Capital, David Dubick
Mar 1, 2020	Yuanfudao	$1.0B Series G	—	Griffin Gaming Partners
Feb 1, 2020	Aventus Platform	$3.0M Seed	—	Amino Capital, Adeyemi Ajao, Caffeinated Capital, Founders Fund, Notion Capital, Otherwise Fund, Point72 Ventures, RTP Global, Scale Venture Partners, True Ventures, Andreas Dittes, David Peterson, Errol Damelin, Flavio Nicolay Guimaraes, Klaus von Sayn-Wittgenstein, Sue Xu
Dec 1, 2019	Observe.AI	$26.0M Series A	—	Amino Capital, Adeyemi Ajao, Caffeinated Capital, Clear Ventures, First Rays Venture Partners, Founders Fund, J.P. Morgan Chase & Co., Nexus Venture Partners, Notion Capital, Otherwise Fund, Point72 Ventures, RTP Global, Scale Venture Partners, True Ventures, Andreas Dittes, David Peterson, Errol Damelin, Flavio Nicolay Guimaraes, Klaus von Sayn-Wittgenstein, Sue Xu
Jun 1, 2019	Carnivore Inc.	$6.0M Series A	—	Anorak Ventures, Greycroft, MaC Venture Capital, Mayfield, Mucker Capital, Norwest Venture Partners, The Venture Reality Fund, Y Combinator, Zeno Ventures
May 1, 2019	GeneQuantum Healthcare	$15.0M Series B	—	—
May 1, 2019	Jour	$2.0M Seed	—	Amino Capital, Adeyemi Ajao, Caffeinated Capital, Founders Fund, Notion Capital, Otherwise Fund, Point72 Ventures, RTP Global, Scale Venture Partners, True Ventures, Andreas Dittes, David Peterson, Errol Damelin, Flavio Nicolay Guimaraes, Klaus von Sayn-Wittgenstein, Sue Xu
Dec 1, 2018	Yuanfudao	$300.0M Series F	—	Griffin Gaming Partners
Jul 1, 2018	Pony.ai	$100.0M Series A	—	5Y Capital, CVentures, Sequoia Capital China
Jul 1, 2018	ASR Microelectronics	$100.0M Series B	—	—
Jan 1, 2018	Unbabel	$23.0M Series B	—	Amino Capital, AngelList Syndicator, Angular Ventures, Adeyemi Ajao, Caffeinated Capital, CRV, Dell Technologies Capital, Founders Fund, Index Ventures, Insight Partners, LAUNCHub Ventures, Notion Capital, Otherwise Fund, Point72 Ventures, Quiet Capital, RTP Global, Sapphire Ventures, Scale Venture Partners, Sequoia Capital, Singular, True Ventures, Visionaries Club, Andreas Dittes, Augusto Marietti, Berkay Mollamustafaoglu, David Peterson, Errol Damelin, Klaus von Sayn-Wittgenstein, Sue Xu
Jan 1, 2018	Pony.ai	$110.0M Series A	—	5Y Capital, CVentures, Sequoia Capital China

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at IDG Capital.

Leadership Team

Key people at IDG Capital.

Deep Dive

IDG Capital is a leading global investment firm specializing in private equity, venture capital, and mergers and acquisitions, with a mission to develop extraordinary companies by partnering with best-in-class entrepreneurs and supporting innovative businesses across consumer technology, healthcare, and other vibrant sectors. The firm emphasizes sustainable growth and social value creation, leveraging deep local expertise combined with a broad international network to help portfolio companies scale globally[1][2][3].

Founded in 1993, IDG Capital began as a pioneer in China’s venture capital market and has since expanded its presence to 15 cities worldwide, including major financial hubs such as New York, London, Beijing, and Shanghai. Key partners have driven the firm’s evolution from early-stage venture investments to a diversified portfolio spanning seed, growth, buyout, and public market stages. Notably, in 2017, IDG Capital acquired the entire investment business of International Data Group (IDG), becoming fully independent and expanding its global footprint[1][2][3].

Core Differentiators

Unique Investment Model: IDG Capital invests across all stages—from seed to public markets—focusing on long-term value creation and sustainable growth.
Network Strength: With offices in 15 cities worldwide and strong ties to local and international partners, the firm offers extensive resources and market access.
Track Record: Consistently ranked among the top venture capital firms in China since 2001, with a history of weathering market downturns and leading significant funds, including the largest dollar-to-yuan GP-led restructuring fund in China.
Operating Support: Provides portfolio companies with comprehensive services including corporate management, global strategy, human resources, legal, financial, branding, and marketing support to accelerate growth and international expansion[2][3].

Role in the Broader Tech Landscape

IDG Capital rides the global trend of technology-driven innovation and cross-border investment, capitalizing on the rising demand for disruptive technologies in consumer tech, healthcare, and other high-growth sectors. The timing aligns with increasing globalization of venture capital and private equity, as well as China’s growing influence in the global startup ecosystem. By bridging markets and providing strategic support, IDG Capital plays a pivotal role in shaping the growth trajectory of startups and mature companies alike, fostering innovation and international scale[1][2][3].

Quick Take & Future Outlook

Looking ahead, IDG Capital is poised to deepen its influence by continuing to invest in emerging technologies and sectors with global potential, leveraging its extensive network and operational expertise. Trends such as digital transformation, healthcare innovation, and sustainable investing will likely shape its portfolio strategy. As the firm further integrates global markets and supports cross-border growth, its role as a catalyst for innovation and value creation in the tech ecosystem is expected to strengthen, building on its legacy of pioneering investment in China and expanding worldwide[2][3].

Sources

Core Differentiators

Unique Investment Model: IDG Capital invests across all stages—from seed to public markets—focusing on long-term value creation and sustainable growth.
Network Strength: With offices in 15 cities worldwide and strong ties to local and international partners, the firm offers extensive resources and market access.
Track Record: Consistently ranked among the top venture capital firms in China since 2001, with a history of weathering market downturns and leading significant funds, including the largest dollar-to-yuan GP-led restructuring fund in China.
Operating Support: Provides portfolio companies with comprehensive services including corporate management, global strategy, human resources, legal, financial, branding, and marketing support to accelerate growth and international expansion[2][3].