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Funds/Asia/National Manufacturing Transformation and Upgrading Fund
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National Manufacturing Transformation and Upgrading Fund

Venture Capital Firm (Investor)Beijing, China·Founded 2019

Est. dry powder

$2.6B

Raised, not yet invested

AUM

—

Not reported

Latest fund

$20.9B

National Manufacture Transformation Fund

Est. cheque size

$100M

From fund sizes

Deals, last 12 months

—

Not reported

About National Manufacturing Transformation and Upgrading Fund

China Manufacturing Transformation and Upgrading Fund Company is a private equity firm based in Beijing, China. The firm focuses on growth opportunities. It invests in a diversified range of industries, including energy & utilities, industrials, information technology, raw materials & natural resources, and telecoms & media in China.

Type
Venture Capital Firm (Investor)
Headquarters
Beijing, Beijing, China
Stages
SeedSeries ASeries BSeries CSeries DSeries EEarly Stage
Est. cheque size
$100M
Sectors
Diversified
Regions
Asia

Where they invest

From deals and portfolio companies on record

Most frequent rounds

  • Series D5
  • Series A3
  • Series B3
  • —1
  • Series C1

Across 30 deals

Portfolio sectors

  • Industrial Machinery7
  • Materials5
  • Aerospace4
  • Automobiles, Other Vehicles & Parts4
  • Electronics2

Across 30 companies

Portfolio countries

  • China30

Across 30 companies

Recent investments

Newest 5 of 30

DateCompanyRoundAmountCo-investors
  1. Jun 2025

    AECC Commercial Aircraft Engine

    Jun 2025 · Unspecified Round

    Unspecified Round—Beijing State-owned Capital Operation and Management, China Reform Holdings, CCT Fund Management, CCB Private Equity Investment Management +8
  2. Apr 2025

    XIZI Aviation

    Apr 2025 · Unspecified Round

    Unspecified Round—CITIC Goldstone Fund Management, CITIC Securities, China Manufacturing Transformation and Upgrading Fund Company, Zheneng Fund
  3. Mar 2025

    AMTech

    Mar 2025 · Series B

    Series B—China Manufacturing Transformation and Upgrading Fund Company, Sichuan Industrial Promotion Capital
  4. Jan 2025

    Jiangsu Sinagrt Materials Technologies Co.,Ltd.

    Jan 2025 · Unspecified Round

    Unspecified Round—Huatai Zijin Investment, Tsing Ventures, China Manufacturing Transformation and Upgrading Fund Company
  5. Dec 2024

    Jinkang New Energy

    Dec 2024 · Unspecified Round

    Unspecified Round—China Manufacturing Transformation and Upgrading Fund Company

Offices

1 location

  • Beijing, Beijing, ChinaHQ

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Ranks on

  • #9Top 100 VC firms in China
  • #24Top 100 VC firms
  • #24Top 100 Series A VC funds worldwide
  • #24The 100 largest VC firms in the world

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Questions about National Manufacturing Transformation and Upgrading Fund

How much does National Manufacturing Transformation and Upgrading Fund invest per deal?

Based on the size of its funds, National Manufacturing Transformation and Upgrading Fund writes estimated cheques of $100M. Lead cheques usually sit at the top of that range and follow-on cheques lower.

What stages does National Manufacturing Transformation and Upgrading Fund invest in?

National Manufacturing Transformation and Upgrading Fund has invested at Seed, Series A, Series B, Series C, Series D and Series E. Its most frequent rounds on record are Series D, Series A and Series B.

How much capital does National Manufacturing Transformation and Upgrading Fund have left to invest?

National Manufacturing Transformation and Upgrading Fund has an estimated $2.6B in dry powder: capital it has raised but not yet invested.

What has National Manufacturing Transformation and Upgrading Fund invested in recently?

Recent investments include AECC Commercial Aircraft Engine, XIZI Aviation and AMTech.

Where is National Manufacturing Transformation and Upgrading Fund based?

National Manufacturing Transformation and Upgrading Fund is headquartered in Beijing, China.

How do I contact National Manufacturing Transformation and Upgrading Fund?

Partner names, emails and LinkedIn profiles for National Manufacturing Transformation and Upgrading Fund 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.

Similar investors in Asia

Shanghai State-owned Capital Investment Leading FundChina · Cheque $31M–$100M$8.4B dry powderPeak XV PartnersIndia · Cheque $3.8M–$43.8M$2B dry powderMPCiChina · Cheque $2.2M–$28.8M$1.3B dry powderLuminous VenturesChina · Cheque $505.8K–$12.8M$1.3B dry powderZZijin Venture CapitalChina · Cheque $389.6K–$2.5M$1.2B dry powderLegend CapitalChina · Cheque $538.7K–$22.4M$1B dry powder

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