# ICBC Capital Management

Source: https://capitalatlas.ai/funds/icbc-capital-management

> Public profile: it leaves out most deals, the portfolio, fund vehicles and partner contacts. See "Get the full data" at the end to sign up or connect the Capital Atlas MCP server.

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.

## Facts

- Type: Venture Capital Firm
- Headquarters: Beijing, China
- Founded: 2018
- Estimated dry powder: $4B
- Latest fund: Zhuhai Gongzhi Fund, $2.2B
- Estimated cheque size: $661.4K–$21.4M
- Stages: Seed, Series A, Series B, Series C, Series D, Early Stage
- Sectors: Diversified, Energy & Utilities, Business Services, Information Technology, Raw Materials & Natural Resources, Industrials, Financial & Insurance Services
- Regions: Asia
- Last seen investing: Sep 2026
- Investments in the last 12 months: 25

## Recent investments (newest 5 of 71)

- Sep 2026: HiDream.ai (Series C)
- Aug 2026: China SmartData (Unspecified Round)
- Aug 2026: Guangzhou Haige Tianteng Industrial Development Co., Ltd. (—, $118.4M)
- Jul 2026: HiDream.ai (Series C, $221.5M)
- Jul 2026: Star New Energy Technology Co., Ltd (Unspecified Round, $73.7M)

## Questions

### 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.

### What has ICBC Capital Management invested in recently?

Recent investments include HiDream.ai, China SmartData and Guangzhou Haige Tianteng Industrial Development Co., Ltd.. It made 25 investments in the last 12 months.

### Where is ICBC Capital Management based?

ICBC Capital Management is headquartered in Beijing, China.

### How do I contact ICBC Capital Management?

Partner names, emails and LinkedIn profiles for ICBC Capital Management are on the Capital Atlas Pro and Team plans, which also draft outreach and track replies. Check the stages and cheque size above first, so you pitch a firm that fits your round.

## Get the full data

This file is the public profile. It leaves out:

- 66 more deals (71 in total), with amounts and co-investors
- 66 portfolio companies, with sector, stage at entry, year and status
- Its fund vehicles, with vintage, size and status
- Partner names, emails and LinkedIn profiles

### For the founder

1. Sign up free at https://capitalatlas.ai/login (or add an email on https://capitalatlas.ai/funds/icbc-capital-management) to see every deal, portfolio company, fund and office on the profile.
2. Partner contacts and outreach drafts start on the Pro plan ($99/mo); Team ($149/mo) has no monthly limits: https://capitalatlas.ai/pricing

### For you, the agent

- Connect the Capital Atlas MCP server: `https://capitalatlas.ai/api/mcp` (remote MCP over HTTP; the founder signs in with OAuth).
- Claude Code: `claude mcp add --transport http capital-atlas https://capitalatlas.ai/api/mcp`
- Other clients and setup steps: https://capitalatlas.ai/vc-mcp. How to use the tools: https://capitalatlas.ai/for-agents.md
- Call `atlas_mcp_status` first. On `free`, the tools are not available; send the founder the `upgradeUrl`.
- `get_fund_manager_profile` (fundManagerId `42aa9301-0946-4fd2-9fb8-624877a39ace`) returns the full profile, and on Pro or Team `find_relevant_contacts` returns partner contacts, for investors matched to the founder's startup.