About Chuangxin Innovation Works
Chuangxin Innovation Works is a venture capital firm founded in 2009. It is primarily based out of Beijing, China. As of Sep 2023, Chuangxin Innovation Works has invested in 72 companies. It primarily invests in Series A round in China based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Life Sciences. Most recently it led the Undisclosed Series C round of XAG.
Overall, Chuangxin Innovation Works portfolio has seen 1 unicorn and 1 IPO, namely Meitu and MEGAROBO. A lot of funds co-invest with Chuangxin Innovation Works, with names like Sinovation Ventures sharing a substantial percentage of its portfolio.
Chuangxin Innovation Works has team of 28 people including 20 partners.
Key Metrics
Team Members
Kai-Fu Lee, &
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B &
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
Chuangxin Innovation Works' Year-on-Year Investment Trends
Chuangxin Innovation Works has invested in 72 companies over the last 12 years, with an average of 7 new investments annually in the last 10 years. Its most recent first time investment was in Shanghai Ruishi Health Technology and most recent follow-on round was in XAG.
Year | No. of Investments | ||
|---|---|---|---|
1st?Round | Follow-on | Total | |
2025 (YTD) | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 3 | 2 | 5 |
2022 | 12 | 0 | 12 |
2021 | 22 | 2 | 24 |
2020 | 15 | 2 | 17 |
2019 | 7 | 3 | 10 |
2018 | 5 | 0 | 5 |
2017 | 3 | 0 | 3 |
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Chuangxin Innovation Works' Investments by Stage
Chuangxin Innovation Works has made 31 investments in Series A stage with an average round size of $43.7M, 14 investments in Series B stage with an average round size of $24.5M and 12 investments in Seed stage with an average round size of $1.46M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Series A | 31 |
Series B | 14 |
Seed | 12 |
Series C | 6 |
Angel | 4 |
Others | 2 |
Chuangxin Innovation Works' Investments by Sector
Chuangxin Innovation Works has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Consumer, Life Sciences and Retail. Notably, it has invested in 47 Tech companies, 35 Enterprise (B2B) companies, 23 Software companies and at least 15 companies focusing on Consumer (B2C).
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
High Tech | 17 |
Enterprise Applications | 13 |
Consumer | 11 |
Life Sciences | 10 |
Retail | 6 |
Others | 87 |
Chuangxin Innovation Works' Investments by Geography
Chuangxin Innovation Works has made most investments in China (65), followed by France where it has made 2 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
China | 65 |
France | 2 |
Singapore | 1 |
United States | 1 |
Chuangxin Innovation Works' recent investments
Here are the most recent investments by Chuangxin Innovation Works:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 25, 2023 | China | Series C | Undisclosed | - | |
Aug 09, 2023 | China | Series A | $13.9M | [+1] | |
Jun 07, 2023 | China | Angel | Undisclosed | - | |
Apr 21, 2023 | China | Seed | Undisclosed | ||
Mar 14, 2023 | China | Seed | Undisclosed | [+1] |
Get the detailed list of all investments by Chuangxin Innovation Works. Download now!Unicorns in Chuangxin Innovation Works' Portfolio
Here is a list of unicorns in Chuangxin Innovation Works' portfolio:
Team profile of Chuangxin Innovation Works
Chuangxin Innovation Works has a team of 28 members?including 20 Partners and 4 Principals?located in China, United Kingdom and . Chuangxin Innovation Works' team does not sit on the board of any company as of now.Here is a list of top team members in Chuangxin Innovation Works:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Haidian | - | ||
Partner | Hong Kong | - | - | |
Partner | Beijing | - | - | |
Partner | China | - | ||
Partner | Chaoyang | - | ||
Partner | Bellevue | - | ||
Partner | Zurich | - | - | |
Partner | Haidian | - | - | |
Partner | - | - | ||
Partner | - | - | ||
Partner | - | - | - |
Get the full list of Chuangxin Innovation Works' team & partners for free. Download now!Co-investors of Chuangxin Innovation Works
Over the past 12 years, 258 investors have co-invested in Chuangxin Innovation Works's portfolio companies.
- Invested before Chuangxin Innovation Works:?Sinovation Ventures, Gaorong Capital and 71 others have invested in rounds before Chuangxin Innovation Works. There are 4 companies where Sinovation Ventures has invested before Chuangxin Innovation Works and 3 companies where Gaorong Capital has invested before Chuangxin Innovation Works.
- Top Co-investors of Chuangxin Innovation Works:?110 investors entered a company along with Chuangxin Innovation Works. These include investors like Sinovation Ventures (5 companies).
- Invested after Chuangxin Innovation Works:?A total of 75 investors have invested in Chuangxin Innovation Works's portfolio after their investments. Top Investors include Sinovation Ventures (5 companies), China Merchants Capital (3 companies) and Guangzhou Yuexiu Industrial Investment Fund Management (3 companies).
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Recent News related to Chuangxin Innovation Works
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China Daily?Apr 27, 2022?Chuangxin Innovation Works, , Legend Star, Sinovation Ventures and 3 others
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