F&G Venture

Established in September 2012 by the former rotating CEO of Huawei and partner of Fidelity Asia, F&G Venture is a venture capital fund focusing on companies with exponential growth in IT industries, like IT infrastructure, cloud computing, internet of things, SaaS, big data, microchip, and semi-conductor etc. F&G Venture also targets high-end manufacturing businesses, including modules, intelligence devices and equipment, robots, and drones.

Steve Hong

Managing Partner and Co-Founder

Yu Qian

Co-Founder and Managing Partner

Past deals in Eastern Asia

LANCE

Post in 2024
Lance Co., Ltd specializes in the manufacturing of automotive parts, particularly focusing on lighting solutions for vehicles. Founded in 2007 and based in Changzhou, China, the company produces a diverse range of products including auto lamps, LED lamp modules, leveling devices, door mirrors, and folding actuators. Their offerings encompass various types of lights such as daytime running lights, warning strobes, tail lights, rear lamps, and interior lighting options. Additionally, Lance develops advanced light control modules and complete production lines for automotive lighting systems, catering to the growing demands for efficient and innovative car lighting solutions. The company aims to provide comprehensive products that enhance both the interior and exterior lighting needs of vehicles.

Hangshun Chip

Series D in 2021
Hangshun Chip is a Shenzhen-based manufacturer founded in 2013, specializing in the development of automotive system-on-chip (SoC) solutions and high-end microcontrollers (MCUs). The company employs a dual strategy to enhance the Internet of Everything, focusing on creating smarter technologies for various applications. Its products serve multiple industries, including automotive, medical, industrial, consumer electronics, and smart home technologies. In addition to its headquarters, Hangshun Chip has established branches and offices in Chengdu and Shanghai to support its operations and expand its market reach.

SmartX

Series C in 2020
SmartX is a prominent provider of hyperconverged infrastructure and software-defined storage solutions. The company offers a fully software-driven platform that is designed to be scalable across all x86 appliances, catering to a diverse clientele that includes major cloud builders, telecommunications companies, and IoT firms in China. SmartX focuses on delivering infrastructure that is distributed, highly reliable, and infinitely scalable, allowing organizations to seamlessly transition from traditional hardware-defined systems to modern enterprise cloud environments. This innovative approach enables enterprises to efficiently manage their IT applications while adapting quickly to evolving technological demands.

Wenjuan.com

Series C in 2019
Wenjuan.com, developed by Shanghai Zhongyan Network, is an online survey platform that specializes in offering services for creating, distributing, managing, collecting, and analyzing questionnaires. The platform aims to facilitate market research by providing tools for both online and offline data collection, alongside management software tailored for market research needs. It boasts a free online survey platform and is recognized as one of China's most active online survey communities, making it a significant player in the market research management technology sector.

Jaka Robot

Series A in 2018
Jaka Robot is a Shanghai-based company that specializes in the development, engineering, manufacturing, and marketing of industrial robots. Founded in 2014, the company offers a range of products, including the JAKA ZuTM robot, which features a wireless control system compatible with mobile applications. Additionally, Jaka Robot provides JAKA MES for information integration across various factory departments, along with conveyor systems, palletizing robot systems, and liner molding machines. Its clientele spans multiple sectors, including food and beverage, chemical, packaging, electronics, and mechanical processing industries.

SmartX

Series B in 2017
SmartX is a prominent provider of hyperconverged infrastructure and software-defined storage solutions. The company offers a fully software-driven platform that is designed to be scalable across all x86 appliances, catering to a diverse clientele that includes major cloud builders, telecommunications companies, and IoT firms in China. SmartX focuses on delivering infrastructure that is distributed, highly reliable, and infinitely scalable, allowing organizations to seamlessly transition from traditional hardware-defined systems to modern enterprise cloud environments. This innovative approach enables enterprises to efficiently manage their IT applications while adapting quickly to evolving technological demands.

Future High-tech

Series A in 2014
Shanghai Future High-Tech Co., Ltd., founded in 1999, specializes in manufacturing metal injection molding (MIM) and ceramic injection molding (CIM) products. The company serves various industries, including mobile internet, automotive, medical, and tooling, by providing solutions for complex, small, high-volume net-shape components. Future High-Tech utilizes advanced technologies to produce a range of products, including components for telecommunication, medical parts, and consumer electronics, as well as ceramic items like nozzles and ball bearings. With facilities in Shanghai and Shenzhen and a workforce of approximately 2,900 employees, including a dedicated team of R&D engineers, the company emphasizes innovation and customer collaboration to enhance competitiveness in the market. Future High-Tech is a subsidiary of NBTM New Materials Group Co., Ltd.

Transwarp

Series A in 2014
Transwarp develops big data software technologies for enterprises. The company's cloud-based platform offers an integrated, one-stop data processing and cloud operating system to explore the applications of big data infrastructure in enterprises, enabling enterprises to store, manage and analyze data.

Bestone

Venture Round in 2014
Shanghai Bestone Information Technology Co., Ltd. develops and operates a SaaS-based legal service platform that integrates modern technology to enhance legal consulting services. Founded in 2006 and based in Shanghai, the company focuses on the construction and operation of legal services, utilizing a systematic approach to resolve disputes while applying legal data to individual cases. This innovative platform improves the efficiency of dispute resolution, offering clients a convenient and effective one-stop service for their legal needs.

YUNJING TASK

Angel Round in 2013
Kunshan Yunjing Network Technology Co., Ltd. is a company that specializes in cloud-based crowdsourcing software, catering primarily to financial, research and development, and logistics sectors. Founded in 2013 and located in Kunshan, China, the company offers an innovative platform that enhances large-scale data processing and brand promotion services for enterprises. Its technology focuses on the classification and structuring of customer data, allowing businesses to streamline operations, reduce costs associated with brand promotion, and improve overall efficiency.
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