Sinovation Ventures
About Sinovation Ventures
Kai-Fu Lee set up the firm in September 2009. It is headquartered in Beijing and also has offices in Guangzhou, Shanghai, Nanjing and Shenzhen. Public materials say it manages more than US$2.7 billion in funds. In September 2016 the firm opened an AI Institute under Lee's leadership, aimed at AI technology, talent and venture building.
Public materials name AI and deep tech, robotics and automation, semiconductors, enterprise software, healthcare tech, new energy and digital lifestyle as target areas. The firm pairs its investment staff with in-house AI technology experts. On Lounge's deals desk, the most recent AI round is a seed investment in Ruilian Intelligent Computing, $14.8M (CNY 100.0M), logged in August 2026.
Lounge lists Seed, Series A and Series B as the stages the firm backs. Check sizes are not public.
- Ruilian Intelligent Computing: seed round of $14.8M (CNY 100.0M), logged on Lounge's deals desk in August 2026. It is the only AI round on that desk for this firm. Other portfolio companies were not confirmed in public sources.
Investing activity
Sinovation Ventures appears in 1 AI deal tracked by the AI Lounge deals desk, rounds totalling $15M. The rounds are mostly Seed, with a median round size of $15M. The most recent is Ruilian Intelligent Computing (Seed, $14.8M (CNY 100.0M), Aug 2026).
Sinovation Ventures most often invests alongside Tongding Interconnection, MiraclePlus, Oriza Holdings and Suzhou Innovation Investment Group, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about Sinovation Ventures
Who founded Sinovation Ventures?
Kai-Fu Lee founded the firm in September 2009. It is a deep tech venture capital firm based in Beijing.
Does Sinovation Ventures invest in AI startups?
Yes. Its listed focus includes AI and deep tech, and its AI Institute, opened in 2016, works on AI technology, talent and venture building.
What stages does Sinovation Ventures invest in?
Lounge lists Seed, Series A and Series B. Check sizes are not public.
How much capital does Sinovation Ventures manage?
Public materials say the firm manages more than US$2.7 billion in funds.
Where does Sinovation Ventures have offices?
Its headquarters is in Beijing, with additional offices in Guangzhou, Shanghai, Nanjing and Shenzhen.
What AI companies has Sinovation Ventures invested in?
Sinovation Ventures's AI investments include Ruilian Intelligent Computing. The 1 round on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Sinovation Ventures based?
Sinovation Ventures is based in Beijing, Beijing, China.
What stage does Sinovation Ventures invest at?
In the rounds tracked on AI Lounge, Sinovation Ventures has invested at Seed, with a median round of $15M.
Who does Sinovation Ventures co-invest with?
Sinovation Ventures's most frequent co-investors on AI Lounge are Tongding Interconnection (1 deal), MiraclePlus (1 deal), Oriza Holdings (1 deal) and Suzhou Innovation Investment Group (1 deal).
How can founders reach Sinovation Ventures?
Founders on AI Lounge can see Sinovation Ventures'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 Sinovation Ventures to their Investor Pipeline to track the conversation.