About FG Venture
FG Venture is a venture capital firm founded in 2012. It is primarily based out of Shanghai, China. As of Oct 2024, FG Venture is an active investor, having invested in 70 companies, with 2 new investments in the last 12 months. 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 Enterprise Infrastructure. Most recently it led the $13.9M Series A round of Beijing Zhige Technology.
Overall, FG Venture portfolio has seen 5 IPOs and 2 acquisitions including key companies like Qiniu, Rancher Labs and . A lot of funds co-invest with FG Venture, with names like sharing a substantial percentage of its portfolio.
FG Venture has team of 6 people including 4 partners.
Key Metrics
Team Members
, &
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B &
Portfolio IPOs
Qiniu, &
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
FG Venture's Year-on-Year Investment Trends
FG Venture has invested in 70 companies over the last 12 years, with an average of 4 new investments annually in the last 10 years. In 2024, it made 2 investments. Its most recent first time investment was in and most recent follow-on round was in Beijing Zhige Technology.
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 0 | 0 | 0 |
2024 | 2 | 0 | 2 |
2023 | 3 | 2 | 5 |
2022 | 5 | 1 | 6 |
2021 | 8 | 3 | 11 |
2020 | 7 | 0 | 7 |
2019 | 2 | 1 | 3 |
2018 | 3 | 0 | 3 |
2017 | 5 | 1 | 6 |
2016 | 3 | 1 | 4 |
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FG Venture's Investments by Stage
FG Venture has made 15 investments in Series A stage with an average round size of $8.03M, 13 investments in Series B stage with an average round size of $42.4M and 7 investments in Seed stage with an average round size of $1.53M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Series A | 15 |
Series B | 13 |
Seed | 7 |
Series C | 4 |
Series D | 4 |
Others | 1 |
FG Venture's Investments by Sector
FG Venture has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, High Tech, Semiconductors and Business Services. Notably, it has invested in 42 Tech companies, 40 Enterprise (B2B) companies, 15 Software companies and at least 13 companies focusing on Tech hardware.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 14 |
Enterprise Infrastructure | 12 |
High Tech | 12 |
Semiconductors | 9 |
Business Services | 4 |
Others | 31 |
FG Venture's Investments by Geography
FG Venture has made most investments in China (39), followed by United States where it has made 4 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
China | 39 |
United States | 4 |
Germany | 1 |
FG Venture's recent investments
Here are the most recent investments by FG Venture:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 28, 2024 | China | Seed | Undisclosed | ||
Sep 10, 2024 | China | Series B | Undisclosed | [+2] | |
Dec 27, 2023 | China | Seed | Undisclosed | ||
Jul 24, 2023 | China | Series A | $13.9M | - | |
Jul 21, 2023 | China | Series B | $139M | [+9] |
Get the detailed list of all investments by FG Venture. Download now!IPOs and Publicly Listed companies in FG Venture's Portfolio
Here are FG Venture's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 16, 2024 | - | - | - | |
 | Mar 18, 2022 | - | - | - |
Oct 27, 2021 | - | - | - | |
Aug 21, 2009 | Apr 01, 2013 | Post IPO | Undisclosed | |
- | - | - | - |
Acquired companies in FG Venture's Portfolio
Here are FG Venture's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 08, 2020 | Mar 16, 2020 | Series D | $40M | |
Feb 14, 2019 | - | - | - |
Team profile of FG Venture
FG Venture has a team of 6 membersÌýincluding 4 PartnersÌýlocated in China. FG Venture's team does not sit on the board of any company as of now.Here is a list of all team members in FG Venture:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Shanghai | - | ||
Partner | Shenzhen | - | ||
Partner | Xuhui | - | ||
Partner | Shenzhen | - | ||
Associate | Shanghai | - |
Get the full list of FG Venture's team & partners for free. Download now!Co-investors of FG Venture
Over the past 12 years, 208 investors have co-invested in FG Venture's portfolio companies.
- Invested before FG Venture:ÌýZhen Fund, Lanchi Venture Capital and 45 others have invested in rounds before FG Venture. There are 2 companies where Zhen Fund has invested before FG Venture and 2 companies where Lanchi Venture Capital has invested before FG Venture.
- Top Co-investors of FG Venture:Ìý83 investors entered a company along with FG Venture. These include investors like (3 companies).
- Invested after FG Venture:ÌýA total of 78 investors have invested in FG Venture's portfolio after their investments. Top Investors include Forebright Capital (2 companies), Shenzhen Capital Group (2 companies) and CITIC Capital (2 companies).
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