Updated November 2026
Top 100 VC firms in China
Funds matching
2,344
Top 100 ranked below
Median est. dry powder
$793M
Across the 100 ranked funds
Top countries
- China100
Top stages
- Early Stage98
- Series A91
- Series B87
Ranked by estimated dry powder
Largest first. Click a fund for its full profile.
- 1ChinaAsiaAngelSeedSeries A+3$31M–$100M$8.4B
- 2ChinaAsiaAngelSeries AEarly Stage$81.1M–$100M$7.5B
- 3ChinaAsiaAngelSeries ASeries B+3$761.4K–$6.6M$4.7B
- 4ChinaAsiaSeries ASeries BSeries C+2$661.4K–$21.4M$4B
- 5ChinaAsiaAngelSeries ASeries B+3$309.5K–$1.5M$3.4B
- 6ChinaAsiaSeries A$29.9M–$100M$3.2B
- 7ChinaAsiaSeries ASeries BSeries C+3$1M–$11.6M$3.2B
- 8ChinaAsiaSeries ASeries BSeries C+2$9.3M–$61.4M$3B
- 9ChinaAsiaSeries ASeries BSeries C+3$100M$2.6BNational Manufacturing Transformation and Upgrading Fund
China · Cheque $100M
Series ASeries BSeries C+3 - 10ChinaAsiaAngelSeries ASeries B+1$100K–$42.3M$2.3B
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About this list
Every firm on this list is headquartered in China and invests at venture stages. Dry powder is capital a firm has raised but not yet invested, so the firms at the top have the most room to write new cheques. Check each profile for stage and sector fit before you reach out.
Funds are ranked by estimated dry powder, largest first, with the name breaking ties. Dry powder is a firm-level estimate of capital raised but not yet invested, from licensed private-markets data, so treat it as a guide rather than a quote. Firms that also run buyout strategies are left out, because most of their dry powder is buyout capital. Cheque sizes are estimated from fund sizes.
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Questions about this list
Who are the top VC firms in China?
Ranked by estimated dry powder, the top five are Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital, ICBC Capital Management and Ningbo Tongshang Fund. The full ranking of 100 firms is above.
Which firm has the most capital to deploy on this list?
Shanghai State-owned Capital Investment Leading Fund, with an estimated $8.4B of dry powder.
What is this list based on?
Every firm on this list is headquartered in China and invests at venture stages. Dry powder is capital a firm has raised but not yet invested, so the firms at the top have the most room to write new cheques. Check each profile for stage and sector fit before you reach out.
How is dry powder estimated?
From the size and vintage of each manager's recent funds and how much of them is likely already invested. It is an estimate, best used to compare firms rather than as an exact figure.
Get the partner to contact at each fund.
The Pro and Team plans add partner emails and LinkedIn, exports and outreach drafts for every fund on these lists.