Co-Stone Capital

Co-Stone Capital is a prominent private equity firm based in Shenzhen, China, established over 16 years ago. As one of the earliest private equity institutions in the country, it specializes in growth stage and pre-IPO investments within the domestic market. The firm focuses on key industries such as technology, healthcare, consumer products, and advanced manufacturing, leveraging its deep understanding of the Chinese economy and specific growth patterns of companies. Co-Stone Capital has invested in over 100 companies, predominantly as lead investors, and has successfully exited 40 through initial public offerings, mergers, or reverse mergers. With assets under management exceeding 40 billion RMB, the firm employs various investment strategies including private equity, venture capital, and mergers and acquisitions. It boasts a diverse capital base that includes large insurance groups, government-guided funds, and high-net-worth individuals. Co-Stone Capital has received multiple accolades from industry publications, consistently ranking among the top investment firms in China. In addition to its headquarters in Shenzhen, it maintains offices in Beijing, Shanghai, and Hefei.

Tao Tao

Partner

Wang Qiwen

CEO

Past deals in Simulation

VIRE Technologies

Venture Round in 2025
VIRE Technologies specializes in simulation research and development, offering engineering, software, and hardware solutions tailored to customer needs. The company provides system-level and customized simulation services primarily in the fields of electronics, aviation, and training. Its offerings support a diverse range of industries, including military, aerospace, weaponry, shipbuilding, nuclear, communication equipment manufacturing, and industrial manufacturing. By enabling enterprises to digitally simulate exercises and specific scenarios, VIRE Technologies enhances operational training and decision-making processes across various sectors.

Shenzhen Shifeng

Series A in 2022
Shenzhen Shifeng offers industrial software, digital twin systems, and a simulation cloud service platform. The company serves marine engineering, aerospace, energy, electronic appliances, car traffic, and engineering manufacturing.
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