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The first firm to bring foreign venture capital to China. A global leader in venture capital, private equity and mergers and acquisitions.
Our investment partners include fund managers, sovereign wealth funds, pension funds, institutional investors, charities, university endowments and more.
Founded in 1992, IDG Capital has made more than 750 investments in companies in China and around the world.
More than 170 successful exits. We funded more than half of all Chinese unicorns in early rounds.
IDG Capital joined a $100 million Series C round for Kang Sheng Health Management, China's leading diabetes management platform. The Hangzhou-based firm, founded in 2014, generated $145.5 million in revenues last year. With more than 10 million registered users, Kang Sheng Health currently serves about 1,000 Chinese hospitals and plans to expand to a total of more than 5,000 hospitals in 2019.
IDG Capital joined a $59 million Series D funding round in Medbanks Network Technology, a Beijing-based firm providing a data platform for hospitals, oncologists and cancer centers. Founded in 2014, Medbanks provides products and services for managing all stages of oncology treatment. The firm currently has partnerships with more than ten Chinese national insurance companies. It also provides products and services to pharmacies in 649 Chinese counties. Medbanks said it will use its latest investment to expand a clinical network and improve database systems.
IDG Capital has joined a Series C financing round in Haokang Information Technology, which operates Homeking, a popular Chinese housekeeping online-to-offline service. Established in 2010, the company stocks products and services for home cleaning, cooking, deep cleaning and wardrobe arrangement. With more than 10,000 employees, Haokang also offers housekeeping services in 26 mainland Chinese cites, serving 3.5 million homes. The company, which had annual revenues of $129.6 million last year, recently launched a domestic helper training system in the Philippines and plans to expand into Hong Kong, Macau and the Middle East.