IDG Capital

IDG Capital is a Beijing-based venture and growth-stage investment firm that backs technology-enabled companies across global markets, with a strong emphasis on China and Asia. It invests across seed, early, later, and growth stages and pursues buyouts, with interests spanning information technology, software, consumer products and services, healthcare, energy, SaaS, mobile, TMT, and advanced manufacturing. The firm leverages a worldwide network of limited partners, including sovereign wealth funds, pension funds, institutional investors, and philanthropic and educational endowments, to support portfolio companies. With deep local market knowledge and extensive relationships with business leaders, IDG Capital combines global perspective with local execution to facilitate inbound and outbound opportunities in China and the broader Asian region.

Xiaohui Cao

Partner

Guangfu Cui

Partner

Jun Fang

Partner

Mei Gao

Partner

Young Guo

General Partner

Past deals in Navigation and Mapping

Benewake

Series B in 2019
Benewake is a prominent manufacturer and developer of solid-state LiDAR sensors and solutions, specializing in technologies that advance autonomous driving and automation across various industries. The company offers a range of LiDAR products, including basic flash LiDAR and 3D LiDAR, which are now in mass production and carry appropriate certifications. These sensors are essential for applications such as collision avoidance in autonomous vehicles, logistics operations in drones, and smart home robotics. Benewake's innovative solutions also support simultaneous localization and mapping, enhancing safety and intelligence in driving systems. With a strong intellectual property portfolio, Benewake's LiDAR products have successfully penetrated global markets, including Europe, America, and Asia-Pacific, positioning the company as a leader in its field.

Kuandeng Technology

Series A in 2018
Kuandeng Technology is a developer of applications for autonomous driving, focusing on the intelligent crowdsourcing of maps. The company leverages advanced technologies such as deep learning, image recognition, 3D vision, robotics, and big data cloud services to enhance the reliability and safety of autonomous driving systems. By partnering with various car manufacturers, Kuandeng aims to productize its autonomous driving technology, improving user experience and driving safety through smart maps and location services. Founded by Liu Jun, a former vice president of Baidu, the company has successfully secured significant financing to support its innovative initiatives in the automotive industry.

Benewake

Series A in 2015
Benewake is a prominent manufacturer and developer of solid-state LiDAR sensors and solutions, specializing in technologies that advance autonomous driving and automation across various industries. The company offers a range of LiDAR products, including basic flash LiDAR and 3D LiDAR, which are now in mass production and carry appropriate certifications. These sensors are essential for applications such as collision avoidance in autonomous vehicles, logistics operations in drones, and smart home robotics. Benewake's innovative solutions also support simultaneous localization and mapping, enhancing safety and intelligence in driving systems. With a strong intellectual property portfolio, Benewake's LiDAR products have successfully penetrated global markets, including Europe, America, and Asia-Pacific, positioning the company as a leader in its field.

TuSimple

Angel Round in 2015
TuSimple operates self-driving trucks in Tucson, Arizona, with a focus on developing fully-autonomous driving solutions for the logistics industry. Founded in 2015, the company aims to enhance safety, reduce transportation costs, and decrease carbon emissions.

AutoAI

Series C in 2011
AutoAI develops intelligent network systems for next-generation autonomous vehicles. Established by prominent investment institutions and internet companies, the company specializes in smart cockpit solutions for the automotive industry, offering navigation, entertainment, voice control, and driver assistance functionalities.

Mapbar

Series C in 2011
Beijing Mapbar Technology Co., Ltd. is a leading provider of map location services in China, operating the website www.mapbar.com. The platform offers extensive online mapping coverage, including four municipalities, 333 prefecture-level cities, and county-level cities, with road data encompassing over 2 million kilometers. The company serves more than 50 million active users daily and boasts a market share exceeding 80%. Mapbar provides a range of services, including map search, location queries, transportation planning, and mobile navigation solutions. Additionally, it caters to corporate clients by offering Internet-based map labeling products and a GIS-based platform for industrial applications. With partnerships involving major internet companies, Mapbar has established the largest map alliance platform in China and features over 18 million data points, including bus data for 208 cities. Founded in 2005 and headquartered in Beijing, Mapbar operates as a subsidiary of NavInfo Co., Ltd.

AutoAI

Series B in 2006
AutoAI develops intelligent network systems for next-generation autonomous vehicles. Established by prominent investment institutions and internet companies, the company specializes in smart cockpit solutions for the automotive industry, offering navigation, entertainment, voice control, and driver assistance functionalities.

Mapbar

Series A in 2005
Beijing Mapbar Technology Co., Ltd. is a leading provider of map location services in China, operating the website www.mapbar.com. The platform offers extensive online mapping coverage, including four municipalities, 333 prefecture-level cities, and county-level cities, with road data encompassing over 2 million kilometers. The company serves more than 50 million active users daily and boasts a market share exceeding 80%. Mapbar provides a range of services, including map search, location queries, transportation planning, and mobile navigation solutions. Additionally, it caters to corporate clients by offering Internet-based map labeling products and a GIS-based platform for industrial applications. With partnerships involving major internet companies, Mapbar has established the largest map alliance platform in China and features over 18 million data points, including bus data for 208 cities. Founded in 2005 and headquartered in Beijing, Mapbar operates as a subsidiary of NavInfo Co., Ltd.

265 Network

Venture Round in 2004
265 Network is a Chinese organization established in 2004 and headquartered in Beijing, specializing in diversified internet navigation services. The company offers a range of solutions, including website encyclopedias, comprehensive search capabilities, and mobile navigation. With a focus on fostering a sharing internet culture, 265 Network has successfully reached over 50% of Chinese internet users, serving more than 10 million IP addresses and generating 50 million page views. Its services encompass integrated online searches for website addresses, email, and online community resources, making it a significant player in the internet navigation sector.

Shipu

Series A in 1997
Shipu Software Company is focused on the development of digital photogrammetry systems (VirtuoZo), three-dimensional visual geographic information systems (AGIS), and remote sensing image processing systems (ImageXuite RS). The company also carries out the implementation and system integration of related projects. Shipu Software develops three (SGPS, RS, GIS) software products centered around photogrammetry. The international photogrammetry community has selected Shipu Software’s product, VirtuoZo, as one of the three most practical digital photogram metrical mapping systems.

Momenta

Momenta is an autonomous driving startup based in Beijing that specializes in developing advanced software solutions for full autonomy in vehicles. The company leverages deep learning technologies for perception, high-definition semantic mapping, and data-driven path planning, providing multi-level autonomous driving solutions alongside big data products and services. Momenta's team includes leading experts in computer vision and deep learning, contributing to the company's innovative approach to autonomous driving. Their technology is designed to enhance driving efficiency and safety, aiming to improve the overall experience for users through artificial intelligence.
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