ICBC Capital Management
Est. dry powder
$4B
Raised, not yet invested
AUM
—
Not reported
Latest fund
$2.2B
Zhuhai Gongzhi Fund
Est. cheque size
$661.4K–
From fund sizes
Deals, last 12 months
25
Last seen investing Sep 2026
About ICBC Capital Management
Established in November 2018, ICBC Capital Management is a private equity firm based in Beijing, China. It is the captive arm of the Industrial And Commercial Bank Of China Limited. The firm focuses on venture and growth opportunities. It invests in a diversified range of industries, including consumer discretionary, energy, financial services, healthcare, industrials, information technology, raw materials, real estate, and TMT in China.
- Type
- Venture Capital Firm
- Headquarters
- Beijing, Beijing, China
- Stages
- SeedSeries ASeries BSeries CSeries DEarly Stage
- Est. cheque size
- $661.4K–$21.4M
- Sectors
- Diversified, Energy & Utilities, Business Services, Information Technology, Raw Materials & Natural Resources, Industrials, Financial & Insurance Services
- Regions
- Asia
- Strategies
- Pre-Seed, Seed, Series A, Growth, Buyout
Where they invest
From deals and portfolio companies on record
Most frequent rounds
- —8
- Series C8
- Series B7
- Series A4
- Pre-IPO2
Across 71 deals
Portfolio sectors
- Semiconductors8
- Electronics7
- Renewable Energy7
- Automobiles, Other Vehicles & Parts6
- Energy Storage & Batteries5
Across 66 companies
Portfolio countries
- China66
Across 66 companies
Recent investments
Newest 5 of 71
- Series C—
HiDream.ai
Sep 2026 · Series C
- Unspecified Round—
China SmartData
Aug 2026 · Unspecified Round
- —$118.4M
Guangzhou Haige Tianteng Industrial Development Co., Ltd.
Aug 2026 · —
- Series C$221.5M
HiDream.ai
Jul 2026 · Series C
- Unspecified Round$73.7M
Star New Energy Technology Co., Ltd
Jul 2026 · Unspecified Round
Offices
1 location
- Beijing, Beijing, ChinaHQ
Questions about ICBC Capital Management
How much does ICBC Capital Management invest per deal?
Based on the size of its funds, ICBC Capital Management writes estimated cheques of $661.4K–$21.4M. Lead cheques usually sit at the top of that range and follow-on cheques lower.
What stages does ICBC Capital Management invest in?
ICBC Capital Management has invested at Seed, Series A, Series B, Series C, Series D and Early Stage. Its most frequent rounds on record are —, Series C and Series B.
How much capital does ICBC Capital Management have left to invest?
ICBC Capital Management has an estimated $4B in dry powder: capital it has raised but not yet invested.