Shunwei Capital
About Shunwei Capital
顺为资本（Shunwei Capital）是一家成立于2011年的北京风险投资公司，专注于投资具有颠覆性潜力的早期至成长期企业。公司主要投资领域包括移动互联网、物联网、智能硬件和深科技等。顺为资本由小米集团创始人雷军和许达来联合创立，致力于与创始人合作，帮助他们实现梦想并构建成功的公司。
顺为资本管理着规模庞大的双币基金，资金来源包括国际顶级机构，如主权财富基金和大学基金会。公司团队由投资和互联网领域的资深人士组成，已主导投资超过600家创业公司。顺为资本不仅提供资金支持，还通过战略赋能帮助企业完成收购和上市，主要服务于希望获得资金和战略指导的科技初创企业。
Shunwei Capital was founded in 2011 by Xiaomi founder Lei Jun and Tuck Lye Koh (known in Chinese as Xu Dalai). Koh is co-founder, founding partner and CEO. He previously worked in the management team at GIC in Singapore. Lei Jun is chairman. The firm's own Medium history lists early fundraising of US$225M in Q3 2011, US$525M in Q2 2014, and CNY 1B plus US$1B in 2015. Its LinkedIn page now states over US$3B under management. Crunchbase lists seven funds. Shunwei does not publicly name a partner who leads AI investing, so this page does not either. Koh is credited with leading the firm's deep technology investments.
Shunwei does not publish a stand-alone AI thesis. Its stated areas include mobile internet, consumer IoT, smart manufacturing and deep technology, and its AI deals sit across models, applications and robotics. In October 2026, DiffuSpace, a diffusion language model startup founded in May 2026 by HKU professor Kong Lingpeng and two of his doctoral students, closed two rounds totaling nearly RMB 500M. Shunwei was one of the co-leads, alongside Matrix Partners China and a third Chinese fund. In August 2026 Shunwei and Lenovo Capital backed OJO, an AI design platform built on agent teams, in an angel round of nearly RMB 100M. Dealroom lists Shunwei among the investors in 01.AI and Baichuan, but no stake is disclosed. Dealroom also lists Shunwei as a backer of ACE Studio's US$40M Series B in September 2026. Third-party trackers show it in Spirit AI's 2026 rounds.
Crunchbase lists the firm's funding types as angel, pre-seed, seed, Series A and Series B. It also shows follow-on and growth-stage participation in later rounds such as Momenta's Series C in 2021. Crunchbase counts 192 lead investments out of 617. Shunwei does not publish a standard check size or ownership target. Round sizes from disclosed deals are not the same as its own check.
- DiffuSpace: diffusion language models; two rounds totaling nearly RMB 500M in 2026, with Shunwei as co-lead.
- OJO: AI design platform using agent teams; angel round of about US$14.9M (CNY 100M) in August 2026, with Lenovo Capital.
- Spirit AI: robotics company; Series A reported at US$290.5M in February 2026 by Seedtable, with Shunwei named as an investor.
- Momenta: autonomous driving software; US$200M Series C in 2021, and Dealroom lists an IPO in 2026.
- ACE Studio: AI music platform; US$40M Series B in September 2026, per Dealroom news.
- 01.AI and Baichuan: Chinese large model companies where Shunwei appears in the investor group, per Dealroom.
- medium.com/shunwei-capital/nearly-usd-2-billion-raised-in-five-years-h
- linkedin.com/company/shunweicapital
- en.wikipedia.org/wiki/Shunwei_Capital
- dealroom.co/investors/shunwei-capital
- dealroom.co/news/146730-ai-design-platform-ojo-raises-nearly-rmb-100m-
- kucoin.com/news/flash/diffuspace-secures-near-500m-rmb-in-funding-for-
- thecranechina.substack.com/p/manus-is-back-with-a-500m-series
- crunchbase.com/organization/shunwei-china-internet-fund/recent_investm
Investing activity
Shunwei Capital appears in 2 AI deals tracked by the AI Lounge deals desk, rounds totalling $85M, and led 2 of them. The rounds are mostly Growth and Seed, with a median round size of $70M. The most recent are DiffuSpace (Two venture rounds, $70M, Oct 2026) and OJO (Angel (seed), $14.9M (CNY 100.0M), Aug 2026).
Shunwei Capital most often invests alongside Matrix Partners China, Legend Capital, CAS Star and Huawei Hubble, and the companies it backs on AI Lounge are mostly in Foundation models (diffusion LLMs) and AI.
Deals
Frequently asked questions about Shunwei Capital
Who founded Shunwei Capital?
Lei Jun, founder of Xiaomi, and Tuck Lye Koh founded Shunwei Capital in 2011. Koh serves as CEO and founding partner.
How much money does Shunwei Capital manage?
Its LinkedIn page says over US$3B under management. Early funds included US$225M in 2011 and US$525M in 2014. Crunchbase lists seven funds in total.
Which AI startups has Shunwei Capital invested in?
Recent examples are DiffuSpace, OJO, Spirit AI, Momenta and ACE Studio. Dealroom also lists it in the investor groups of 01.AI and Baichuan.
What check size does Shunwei Capital write for AI startups?
The firm does not publish a check size. Crunchbase shows it investing from angel through later rounds, and it has led or co-led rounds in AI companies such as OJO and DiffuSpace.
Does Shunwei Capital invest in seed-stage AI founders?
Yes. It co-led OJO's angel round in August 2026, and Crunchbase lists angel, pre-seed and seed among its common funding types.
What AI companies has Shunwei Capital invested in?
Shunwei Capital's AI investments include DiffuSpace and OJO. The 2 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Shunwei Capital based?
Shunwei Capital is based in Beijing, Beijing, China.
What stage does Shunwei Capital invest at?
In the rounds tracked on AI Lounge, Shunwei Capital has invested at Growth and Seed, with a median round of $70M. Shunwei Capital led 2 of those rounds.
Who does Shunwei Capital co-invest with?
Shunwei Capital's most frequent co-investors on AI Lounge are Matrix Partners China (1 deal), Legend Capital (1 deal), CAS Star (1 deal), Huawei Hubble (1 deal) and Horizon Robotics (1 deal).
How can founders reach Shunwei Capital?
Founders on AI Lounge can see Shunwei Capital's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Shunwei Capital to their Investor Pipeline to track the conversation.