Venture capital firm
IDG Capital portfolio
idgcapital.comIDG Capital is a venture capital firm based in Hong Kong Island, Hong Kong, founded in 1993. It has invested in 49 venture-backed companies across 57 funding rounds on VCMC, and led 14 of those rounds. 5 of them were in the last 12 months.
49
Venture-backed companies
in its portfolio on VCMC
57
Funding rounds
led 14
5
Last 12 months
rounds, Oct 2025 to Sep 2026
16
With a disclosed valuation
of 49 companies
$216.5B
Combined value of its private companies
the whole companies, not what IDG Capital owns
47 private companies IDG Capital has backed have a VCMC valuation; together they are worth $216.5B. That is the value of the whole companies, not what IDG Capital owns. SHEIN is 31% of the total. 2 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Full IDG Capital portfolio (49 companies)
49 companies.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SVOLT Energy Technology Batteries · since Series A, 2021 | Series B Jul 2021 $15.80B | $7.6B | $305M – $15.1B | $7.0B (-8%) | $1.2B | 0% | 418 | flat | D | |
| 2 | DeepSeek Tech Companies · since Growth, 2026 | Growth Equity Jun 2026 $7.40B | $52.9B | $43.5B – $66.4B | $57.7B (+9%) | $6.0B | 0% | 208 | growing | A | |
| 3 | SHEIN Clothing Stores · since Growth, 2022 | Series F Apr 2022 $1.88B | $66.8B | $22.9B – $155.9B | $63.9B (-4%) | $13.2B | 30% | 12,566 | growing | C | |
| 4 | Guazi Used Car Automobile Dealers & Manufacturers · since Series C, 2018 | Growth Equity Feb 2019 $1.50B | $4.9B | $423M – $10.4B | $4.9B (0%) | $1.0B | 0% | 110 | flat | D | |
| 5 | Ripple Cryptocurrency · since Series A, 2015 | Debt Aug 2026 $275M | $48.2B | $34.8B – $55.8B | $48.5B (+1%) | $4.4B | 0% | 2,258 | growing | A | |
| 6 | Yuanfudao Learning, Tutoring & Courses · since Series G, 2020 | Series G Mar 2020 $1.00B | $10.1B | $678M – $11.7B | $10.1B (0%) | $1.3B | 0% | 1,800 | unknown | D | |
| 7 | Animoca Brands Tech Companies · led at Series A, 2011 | Other Nov 2024 $10M | $1.2B | $356M – $5.5B | $1.1B (-2%) | $569M | 75% | 309 | flat | D | |
| 8 | Dreame Norway Appliance Stores · since Series C, 2021 | Series C Oct 2021 $563M | $2.4B | $768M – $4.1B | $2.4B (0%) | $349M | 0% | 1,204 | growing | C | |
| 9 | OPay Payment Processing & Point of Sale · since Series B, 2019 | Growth Equity Aug 2021 $400M | $2.8B | $401M – $3.3B | $2.8B (-2%) | $328M | 0% | 4,415 | up | D | |
| 10 | Unbabel Translation Services · since Seed, 2014 | Series C Sep 2019 $60M | $112M | $31.5M – $525M | $112M (0%) | $65.7M | 80% | 658 | down | D | |
| 11 | Tech Companies · led at Series A, 2011 | Acquisition Mar 2024 | $896M acquired 2024 | $76.9M – $1.3B | – | – | 0% | 660 | up | D | |
| 12 | Tech Companies · since Series D, 2018 | Series D Jun 2018 $35M | $256M | $23.0M – $634M | $256M (0%) | $62.6M | 18% | 34 | flat | D | |
| 13 | Tech Companies · since Series A, 2017 | Series B Apr 2018 $14M | $108M | $7.63M – $154M | $108M (0%) | $17.9M | 0% | 78 | flat | D | |
| 14 | Hosting & Cloud Infrastructure Providers · since Pre-seed, 2023 | Other Jan 2024 $2.5M | $3.19M | $1.79M – $6.68M | $1.91M (-40%) | $3.00M | 97% | 10 | shrinking | C | |
| 15 | Tech Companies · led at Seed, 2014 | Seed Oct 2014 $1.6M | $6.46M | $0.41M – $17.9M | $6.46M (0%) | $2.23M | 30% | 13 | flat | D | |
| 16 | Payment Processing & Point of Sale · led at Series B, 2026 | Series B Jan 2026 | $227M | $84.8M – $506M | $254M (+12%) | $32.1M | 0% | 107 | growing | C | |
| 17 | Learning, Tutoring & Courses · led at Series A, 2014 | Series C Dec 2021 $380M | $1.1B | $318M – $7.3B | $1.1B (0%) | $523M | 96% | 2,256 | down | D | |
| 18 | Tech Companies · led at Series B, 2026 | Series B Jul 2026 $400M | $1.7B | $1.3B – $2.6B | $2.3B (+35%) | $248M | 0% | 175 | growing | B | |
| 19 | Automobile Dealers & Manufacturers · since Series B, 2021 | Series B Aug 2021 $270M | $1.1B | $103M – $3.0B | $985M (-8%) | $369M | 26% | 179 | flat | D | |
| 20 | Trucking and Logistics · since Series A, 2019 | Series A Jan 2019 $356M | $2.5B | $146M – $3.8B | $2.4B (-5%) | $498M | 0% | – | up | D | |
| 21 | Learning, Tutoring & Courses · since Series C, 2019 | Series E Aug 2020 $150M | $773M | $70.1M – $1.8B | $773M (0%) | $216M | 14% | 550 | flat | D | |
| 22 | Tech Companies · since Series A, 2021 | Series B May 2022 $150M | $444M | $80.8M – $956M | $391M (-12%) | $124M | 42% | 351 | flat | D | |
| 23 | Tech Companies · led at Series E, 2021 | Series E Jul 2021 $77M | $179M | $55.6M – $1.4B | $146M (-18%) | $130M | 97% | 18 | down | D | |
| 24 | Biotechnology · since Series D, 2021 | Series D Jun 2021 $75M | $112M | $53.1M – $473M | $99.8M (-11%) | $127M | 97% | 36 | shrinking | D | |
| 25 | Tech Companies · since Series B, 2020 | Series C Feb 2022 $140M | $610M | $64.3M – $1.3B | $563M (-8%) | $163M | 13% | 181 | flat | D | |
| 26 | Industrial Machinery & Supplies · since Series C, 2026 | Series C Jun 2026 | $3.0B | $2.4B – $4.2B | $3.6B (+20%) | $460M | 0% | 49 | growing | A | |
| 27 | Tech Companies · since Series D, 2018 | Series D Mar 2018 $100M | $399M | $38.2M – $680M | $399M (0%) | $98.7M | 5% | 273 | flat | D | |
| 28 | Investment Consultants & Financial Advisors · since Series A, 2014 | Series B Jul 2015 $80M | $412M | $24.4M – $681M | $412M (0%) | $65.7M | 11% | 295 | unknown | D | |
| 29 | Tech Companies · led at Series A, 2014 | Series B Apr 2021 $66M | $719M | $43.8M – $1.4B | $713M (-1%) | $122M | 0% | 434 | up | D | |
| 30 | Biotechnology · since Series B, 2020 | Series B Oct 2020 $67M | $338M | $23.6M – $821M | $311M (-8%) | $95.9M | 9% | 46 | flat | D | |
| 31 | Cryptocurrency · since Seed, 2021 | Seed Dec 2021 $60M | $2.8B | $137M – $3.5B | $2.8B (0%) | $650M | 5% | 17 | unknown | D | |
| 32 | Medical Supply Manufacturers · since Series B, 2023 | Series B Sep 2023 $27M | $167M | $30.2M – $428M | $163M (-2%) | $35.7M | 0% | 13 | up | D | |
| 33 | Electronical Components Manufacturing · since Growth, 2018 | Growth Equity Jun 2018 $50M | $127M | $28.2M – $529M | $127M (0%) | $55.0M | 65% | 20 | down | D | |
| 34 | Medical Supply Manufacturers · since Series B, 2026 | Series B May 2026 $50M | $477M | $348M – $690M | $600M (+26%) | $75.9M | 0% | 19 | up | B | |
| 35 | Pharmaceutical Products · since Series A, 2022 | Series A Sep 2022 $50M | $144M | $15.7M – $560M | $125M (-13%) | $70.0M | 33% | 14 | flat | D | |
| 36 | Tech Companies · since Series B, 2021 | Series B Dec 2021 $47M | $331M | $27.2M – $624M | $319M (-4%) | $59.8M | 14% | 54 | up | D | |
| 37 | Digital & Marketing Agencies · since Series C, 2019 | Series C Aug 2019 $43M | $280M | $22.1M – $497M | $280M (0%) | $55.3M | 10% | 63 | flat | D | |
| 38 | Cryptocurrency · led at Series A, 2018 | Series B Mar 2021 $30M | $166M | $16.6M – $391M | $154M (-8%) | $49.0M | 27% | 63 | flat | D | |
| 39 | Pharmaceutical Products · since Series C, 2022 | Series C Sep 2022 $20M | $180M | $15.5M – $334M | $169M (-6%) | $26.0M | 0% | 23 | flat | D | |
| 40 | Tech Companies · led at Series B, 2014 | Series B Jun 2014 $20M | $122M | $7.41M – $292M | $122M (0%) | $23.6M | 15% | 15 | unknown | D | |
| 41 | Online Marketplace · led at Series C, 2018 | Acquisition Nov 2018 $86M | $157M acquired 2018 | $91.4M – $275M | – | – | 0% | – | unknown | B | |
| 42 | Cryptocurrency · since Pre-seed, 2024 | Seed Nov 2025 | $104M | $27.2M – $216M | $109M (+5%) | $22.5M | 0% | 16 | growing | D | |
| 43 | Electronical Components Manufacturing · since Series A, 2022 | Series A Jul 2022 $15M | $79.2M | $4.02M – $197M | $79.2M (0%) | $20.9M | 0% | 7 | unknown | D | |
| 44 | Biotechnology · led at Seed, 2021 | Seed Mar 2021 $14M | $22.7M | $3.55M – $135M | $23.9M (+5%) | $28.0M | 64% | 9 | down | D | |
| 45 | Tech Companies · since Pre-seed, 2024 | Pre-Seed May 2024 $12M | $190M | $31.6M – $299M | $182M (-4%) | $36.4M | 5% | 17 | up | D | |
| 46 | Loans & Financing · since Series B, 2017 | Series B Mar 2017 $7.6M | $23.5M | $2.83M – $51.6M | $23.5M (0%) | $7.62M | 30% | 283 | flat | D | |
| 47 | Business and HR Consulting · led at Series A, 2007 | Private Equity Apr 2025 | $39.6M | $2.19M – $60.3M | $39.6M (0%) | $8.40M | 0% | 126 | flat | D | |
| 48 | Cryptocurrency · led at Series C, 2019 | Series C Apr 2019 | $10.0M | $0 – $10.0M | $10.0M (0%) | – | 100% | 13 | down | dead | |
| 49 | Tech Companies · since Series B, 2011 | Series B Jul 2011 | $311M | $7.52M – $645M | $311M (0%) | $28.5M | 0% | 645 | flat | D |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How IDG Capital invests: stages, industries and countries
Most of its rounds are Series C and later (33%). Its companies span 21 industries, most in Tech Companies, Cryptocurrency and Biotechnology, across 9 countries.
Rounds by stage
- Pre-seed 3
- Seed 4
- Series A 14
- Series B 17
- Series C and later 19
Investments by industry
- Tech Companies 16
- Cryptocurrency 5
- Biotechnology 3
- Learning, Tutoring & Courses 3
- Automobile Dealers & Manufacturers 2
- Electronical Components Manufacturing 2
- Medical Supply Manufacturers 2
- Payment Processing & Point of Sale 2
Investments by country
- China 20
- United States 15
- Singapore 7
- Hong Kong 2
- Canada 1
- Germany 1
Recent rounds
IDG Capital's latest investments
IDG Capital's most recent funding rounds, newest first. 5 rounds in the last 12 months.
- Series B, led $400M 21 Jul 2026
- Series C amount not disclosed 29 Jun 2026
- DeepSeek Growth $7.40B 3 Jun 2026
- Series B $50M 19 May 2026
- Series B, led amount not disclosed 9 Jan 2026
- Pre-seed $5.0M 4 Dec 2024
- Pre-seed $12M 23 May 2024
- Pre-seed $1.0M 14 Dec 2023
- Series B $27M 11 Sep 2023
- Series C $20M 27 Sep 2022
Co-investors
IDG Capital's top co-investors
The investors that most often join the same rounds as IDG Capital. HSG leads, with 11 rounds together.
- HSG 11 rounds together
- Sequoia Capital 5 rounds together
- 3 rounds together
- Greycroft 3 rounds together
- 3 rounds together
- 3 rounds together
- AME Cloud Ventures 2 rounds together
- 2 rounds together
- 2 rounds together
- Lightspeed Venture Partners 2 rounds together
About
About IDG Capital
IDG Capital is a Chinese investment and asset management firm engaged in private equity, venture capital, and mergers and acquisitions. The company operates globally, with a presence in China, Hong Kong, the United States, and Europe, and serves clients in sectors such as consumer technology, healthcare, advanced manufacturing, and new energy. IDG Capital also provides management consulting, globalization strategy, exit strategies, human resources, legal and financial services, and brand and market development support to its portfolio companies.
Description from Veridion's company data.
- Founded
- 1993
- Based in
- Hong Kong Island, Hong Kong
- Team
- 569 people, +29% in a year
- Type
- Venture capital firm
Focus markets
- Consumer Technology
- Healthcare
- Advanced Manufacturing
- New Energy
What IDG Capital offers
- Private Equity Investment Management
- Venture Capital Investment Management
- Growth Equity Investment Management
- Asset Management Services
- Portfolio Company Management Consulting
- Globalization Strategy Consulting
- Exit Strategy Consulting
- Human Resources Services
Questions
IDG Capital: frequently asked questions
How many companies has IDG Capital invested in?
49 venture-backed companies on VCMC, across 57 funding rounds.
What are IDG Capital's most valuable private companies?
SHEIN ($66.8B), DeepSeek ($52.9B), Ripple ($48.2B), by VCMC's valuation.
What was IDG Capital's latest investment?
Meshy, a Series B round in Jul 2026 of $400M, which IDG Capital led.
Which stages does IDG Capital invest in?
IDG Capital invests most often at Series C and later (19 rounds), followed by Series B (17) and Series A (14). It has also joined 4 seed and 3 pre-seed rounds.
What is IDG Capital's portfolio worth?
Its private companies with a VCMC valuation are worth $216.5B together. That is the sum of the companies' values, not what IDG Capital owns.
Who does IDG Capital invest alongside?
HSG (11 rounds), Sequoia Capital (5 rounds), Shunwei Capital (3 rounds).