HSG

HSG, formerly known as Sequoia Capital China, is a prominent venture capital and private equity firm with a global focus on technology, healthcare, and consumer sectors. Established in 2005, HSG operates offices in key international cities including Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, managing over $55 billion in assets for leading institutional investors. The firm has supported over 1,500 companies, fostering innovation and entrepreneurship through investments in transformative technologies and high-growth business models. HSG has a track record of success, with more than 160 portfolio companies having gone public and over 140 achieving unicorn status. It has developed a comprehensive investment platform that encompasses seed, venture, growth, buyout, and infrastructure investing, as well as public equities. HSG is dedicated to empowering entrepreneurs and companies to create enduring enterprises while delivering strong returns to its limited partners. Through its extensive resources and industry expertise, HSG provides significant advantages to the companies it partners with.

Wang Chenyu

Vice President

Sakshi Chopra

Managing Director

Amit Jain

Managing Director

Cherry Lu

Partner

Ishaan Mittal

Managing Director

Enita Pu

Partner

Harshjit Sethi

Managing Director

Tejeshwi Sharma

Managing Director

Pavel Vyhnalek

Operating Partner

Fu Xin

Partner

Past deals in Manufacturing

Pu Enjing

Series B in 2025
Pu Enjing engaged in the independent research and development of high-end polymer materials.

Membrane Biofilm Technology

Series A in 2024
Membrane Biofilm Technology is a membrane filtration company that specializes in the development, production, and solutions of membrane filtration products.

Lingdong Technology

Seed Round in 2024
Lingdong Technology is a provider of new energy thermal management systems, specializing in the development of thermal management systems for energy-efficient vehicles, as well as the production and manufacturing of controllers for thermal management systems and other related products.

Ethereal Machines

Series A in 2023
Ethereal Machines specializes in manufacturing advanced five-axis three-dimensional printers and computer numerical control milling machines. The company aims to empower engineers and designers by providing innovative machines that blend additive 3D printing with subtractive manufacturing techniques. This integration allows users to tackle production challenges effectively while promoting creativity and freedom in design. Ethereal Machines focuses on delivering accessible and affordable solutions for both prototyping and commercial product development, making it easier for builders and enterprises to bring their ideas to life.

Yifuming

Series A in 2023
Yifuming is a research and development company of new materials for automobiles.

Maka Motors

Seed Round in 2023
MAKA is dedicated to building the best electric motorcycles for Indonesian riders.

Yunmao Technology

Series B in 2023
Yunmao Technology is a manufacturing enterprise specializing in nano-equipment, specifically designed for the semiconductor and new energy sectors. The company offers advanced equipment and services for ultra-high vacuum coating, atomic layer deposition (ALD), physical vapor deposition (PVD), and ion beam etching (IBE). Their solutions cater to the production needs of chips, semiconductors, and lithium batteries, enabling clients to achieve high-quality nano thin film deposition. By focusing on nanotechnology, Yunmao Technology supports innovation and efficiency in various high-tech applications.

Infcom

Series B in 2023
Infcom Industrial is a specialized business that focuses on high-end servo drives, servo motors, related software research and development, product manufacture, sales, and support.

DeepVerse

Seed Round in 2023
DeepVerse specializes in advancing materials research and development by leveraging machine learning, high-throughput computing, and high-throughput experiments. The company offers innovative technology platforms that facilitate the efficient production of new materials, enhancing the research and development process for industry users. By providing tailored solutions, DeepVerse aims to improve the efficiency of material-related manufacturing while minimizing risks associated with research and development. Its focus on integrating cutting-edge technologies positions DeepVerse as a valuable partner for enterprises seeking to strengthen their competitive advantage and optimize their value chain in the materials sector.

PhaBuilder

Series A in 2023
PhaBuilder is a platform-based & product-based company with advanced technology in synthetic biology, focusing on the transformation and engineering application of halophilic microbes. PhaBuilder was founded in February 2021 by Professor Guoqiang Chen, director of the Center for Synthesis and Systems Biology at Tsinghua University. It mainly uses the cutting-edge "Next Generation Industrial Biotechnology(NGIB)" to develop and produce a variety of high-value-added products such as PHA - a biodegradable material, ectoine - a pharmaceutical intermediate, and cadaverine - a Nylon 56 precursor. PhaBuilder currently has two PHA plants under construction - the synthetic biology intelligent development plant in Beijing China-Germany Industrial Park and the 10 kt/annum plant in Yichang, Hubei Province. It also plans to build up 3-5 large-scale production bases throughout China within five years. At present, PhaBuilder has completed two rounds of financing, raising around 300 million yuan in total. The investors include Sequoia Capital, China State-owned Enterprise Mixed Ownership Reform Fund, and GRC SinoGreen Fund, etc. In the future, PhaBuilder will constantly promote synthetic biotechnology to deeply integrate with people's lives and upgrade the intelligent biological manufacturing industry, in order to achieve PhaBuilder's core mission of "Using microbes to change the world and build a green future".

enovate3D

Series A in 2022
enovate3D is a technology development company. They provide services that include 3D printing equipment, materials, and processing services. An online inquiry form is available on the company's website.

Rupan Technology

Seed Round in 2022
Rupan Technology involves actual combat offensive and defensive confrontation and unknown threat detection in the field of industrial information security. The company's products are used in industrial Internet fields such as petroleum and petrochemical, energy and power, rail transit, and intelligent manufacturing.

Eaglechip

Angel Round in 2022
EagleChip is a chip design company that specializes in the development and design of Field Programmable Gate Arrays (FPGAs). It focuses on research and development, creating tailored electronic design automation (EDA) toolchains that cater to various industries. These industries include communications, data centers, industrial control, consumer electronics, smart vehicles, video processing, and medical electronics. EagleChip aims to provide high-quality FPGA chip solutions to meet the specific needs of its customers, ensuring a reliable domestic supply in the competitive semiconductor market.

Supreium Technology

Series A in 2022
Supreium specializes in the development of computer-aided engineering (CAE) simulation software solutions tailored for intelligent manufacturing. Founded in 2016 and headquartered in Beijing, China, the company offers a software as a service (SaaS) platform that includes various services such as mold design, injection process analysis, and thermal balance assessments. Its offerings also encompass automatic defect detection through image scanning and process consulting services. Serving diverse sectors including medical treatment, marine water conservancy, communications, and industrial markets, Supreium is committed to advancing high-performance digital solutions through its innovative algorithms and cloud-native simulation technologies. The company is recognized for its focus on intelligent industrial design applications and is positioned at the forefront of CAE technology development.

Scientech Medical

Venture Round in 2022
Scientech Medical engages in the research, development, and manufacturing of interventional medical devices.

Rox Motor

Series D in 2022
ROX Motor is a company dedicated to the development of off-road new energy vehicles, focusing on innovations in smart car technologies. The firm specializes in research and development in areas such as new energy power, intelligent cockpit systems, and autonomous driving. By providing advanced solutions in three-electric technology and intelligent driving, ROX Motor aims to enhance product quality within the new energy vehicle industry. The company's commitment to integrating cutting-edge technologies supports its mission to lead in the smart vehicle market.

J-Elephant

Angel Round in 2022
J-Elephant specializes in the development of intelligent mobile robots and industrial automation products, particularly focusing on autonomous mobile robots (AMR) tailored for the manufacturing sector. The company's flagship offering is a forklift AMR, which aims to enhance internal logistics by providing flexible solutions for manufacturers. Through its innovative technology, J-Elephant addresses the evolving needs of the manufacturing industry, facilitating improved efficiency and productivity in material handling and logistics operations.

Wuxi Xinxiang

Series A in 2022
Wuxi Xinxiang is a semiconductor factory production automation CIM solution and services provider. They focus on intelligent automation production solutions and services in the field of wafer manufacturing, packaging and testing.

PhaBuilder

Venture Round in 2022
PhaBuilder is a platform-based & product-based company with advanced technology in synthetic biology, focusing on the transformation and engineering application of halophilic microbes. PhaBuilder was founded in February 2021 by Professor Guoqiang Chen, director of the Center for Synthesis and Systems Biology at Tsinghua University. It mainly uses the cutting-edge "Next Generation Industrial Biotechnology(NGIB)" to develop and produce a variety of high-value-added products such as PHA - a biodegradable material, ectoine - a pharmaceutical intermediate, and cadaverine - a Nylon 56 precursor. PhaBuilder currently has two PHA plants under construction - the synthetic biology intelligent development plant in Beijing China-Germany Industrial Park and the 10 kt/annum plant in Yichang, Hubei Province. It also plans to build up 3-5 large-scale production bases throughout China within five years. At present, PhaBuilder has completed two rounds of financing, raising around 300 million yuan in total. The investors include Sequoia Capital, China State-owned Enterprise Mixed Ownership Reform Fund, and GRC SinoGreen Fund, etc. In the future, PhaBuilder will constantly promote synthetic biotechnology to deeply integrate with people's lives and upgrade the intelligent biological manufacturing industry, in order to achieve PhaBuilder's core mission of "Using microbes to change the world and build a green future".

Yunmao Technology

Series A in 2021
Yunmao Technology is a manufacturing enterprise specializing in nano-equipment, specifically designed for the semiconductor and new energy sectors. The company offers advanced equipment and services for ultra-high vacuum coating, atomic layer deposition (ALD), physical vapor deposition (PVD), and ion beam etching (IBE). Their solutions cater to the production needs of chips, semiconductors, and lithium batteries, enabling clients to achieve high-quality nano thin film deposition. By focusing on nanotechnology, Yunmao Technology supports innovation and efficiency in various high-tech applications.

enovate3D

Seed Round in 2021
enovate3D is a technology development company. They provide services that include 3D printing equipment, materials, and processing services. An online inquiry form is available on the company's website.

Bijnis

Series B in 2021
Bijnis is a business-to-business commerce platform that connects footwear manufacturers, retailers, component suppliers, and buyers in India. The platform provides various services, including product listings, recruitment, and free postings for requirements and offers, which facilitate communication and help businesses generate trade leads. Bijnis aims to enhance operational efficiency in factories by leveraging technology, allowing factory owners to scale their operations effectively. Currently, Bijnis supports over 1,000 manufacturers, enabling them to serve more than 100,000 retailers across 12,000 pin codes in the footwear sector.

Outer

Series B in 2021
Outer, Inc. is a direct-to-consumer company based in Santa Monica, California, specializing in outdoor furniture. Founded in 2017 and originally named Jia Outdoor, Inc., the company rebranded in 2018. Outer focuses on creating durable, eco-conscious outdoor furniture designed to enhance outdoor living spaces. The products are crafted from sustainable materials and are engineered to withstand harsh weather conditions, aligning with the brand's mission to encourage outdoor enjoyment. The design team is led by Terry Lin, a former head furniture designer at Pottery Barn, and the manufacturing is conducted at a family-owned factory. Since its inception, Outer has experienced significant growth, with an elevenfold revenue increase by 2020 and a substantial expansion of its workforce.

Zetwerk

Series E in 2021
Zetwerk is a manufacturing supply chain solutions provider that connects large manufacturing companies with vendors and suppliers for customized industrial components. Founded in 2018 and based in Bengaluru, Karnataka, India, the company’s online marketplace facilitates the procurement of items such as crane parts, machine chassis, and doors. Zetwerk specializes in various manufacturing processes, including fabrication, machining, casting, and forging, allowing businesses to meet specific requirements efficiently. The platform offers collaboration tools for buyers and suppliers, streamlining interactions and order fulfillment. By leveraging a nationwide network of manufacturing facilities, Zetwerk enables customers to acquire custom products tailored to their budgets and timelines, while also helping suppliers increase their order volumes and revenue. The company plans to expand its marketplace to include third-party applications and services to further address customer needs.

Songyuan

Series A in 2021
Songyuan specializes in the research, development, and production of electronic functional ceramic materials and microwave devices.

PhaBuilder

Angel Round in 2021
PhaBuilder is a platform-based & product-based company with advanced technology in synthetic biology, focusing on the transformation and engineering application of halophilic microbes. PhaBuilder was founded in February 2021 by Professor Guoqiang Chen, director of the Center for Synthesis and Systems Biology at Tsinghua University. It mainly uses the cutting-edge "Next Generation Industrial Biotechnology(NGIB)" to develop and produce a variety of high-value-added products such as PHA - a biodegradable material, ectoine - a pharmaceutical intermediate, and cadaverine - a Nylon 56 precursor. PhaBuilder currently has two PHA plants under construction - the synthetic biology intelligent development plant in Beijing China-Germany Industrial Park and the 10 kt/annum plant in Yichang, Hubei Province. It also plans to build up 3-5 large-scale production bases throughout China within five years. At present, PhaBuilder has completed two rounds of financing, raising around 300 million yuan in total. The investors include Sequoia Capital, China State-owned Enterprise Mixed Ownership Reform Fund, and GRC SinoGreen Fund, etc. In the future, PhaBuilder will constantly promote synthetic biotechnology to deeply integrate with people's lives and upgrade the intelligent biological manufacturing industry, in order to achieve PhaBuilder's core mission of "Using microbes to change the world and build a green future".

Huayuan Regenerative Medicine

Seed Round in 2021
Huayuan Regenerative Medicine is the manufacture of implantable bioartificial organs. Huayuan Regenerative Medicine is committed to the research and development, production, and sales of clinical grade stem cells, biological tissue engineering products, and biomanufacturing. Their clinical products include urinary kidney precursor cells, dialysis equipment, and a biosynthetic artificial pancreas.

AgileX

Venture Round in 2021
AgileX is a technology startup that provides mobile robot chassis and solutions for enterprises. It combines independent research and development, mass production, and global sales, and it is dedicated to helping the entire industry through mobile robots and liberating human productivity. The company's founding team and research and development team are drawn from industry leaders like DJI and Mathworks, as well as well-known scientific research institutions across the country. AgileX has created a number of development kits that cover "basic" to "advanced" applications, such as robot research and education kits, mobile grabbing robots, outdoor navigation solutions without prior waypoints, and automatic driving solutions. It has the potential to accelerate the research and development process for customers in the industry-wide application and scientific research education. The startup was established in 2017 and is based in Guangdong, China.

Wuxi Xinxiang

Series A in 2021
Wuxi Xinxiang is a semiconductor factory production automation CIM solution and services provider. They focus on intelligent automation production solutions and services in the field of wafer manufacturing, packaging and testing.

Zetwerk

Series D in 2021
Zetwerk is a manufacturing supply chain solutions provider that connects large manufacturing companies with vendors and suppliers for customized industrial components. Founded in 2018 and based in Bengaluru, Karnataka, India, the company’s online marketplace facilitates the procurement of items such as crane parts, machine chassis, and doors. Zetwerk specializes in various manufacturing processes, including fabrication, machining, casting, and forging, allowing businesses to meet specific requirements efficiently. The platform offers collaboration tools for buyers and suppliers, streamlining interactions and order fulfillment. By leveraging a nationwide network of manufacturing facilities, Zetwerk enables customers to acquire custom products tailored to their budgets and timelines, while also helping suppliers increase their order volumes and revenue. The company plans to expand its marketplace to include third-party applications and services to further address customer needs.

Outer

Series A in 2021
Outer, Inc. is a direct-to-consumer company based in Santa Monica, California, specializing in outdoor furniture. Founded in 2017 and originally named Jia Outdoor, Inc., the company rebranded in 2018. Outer focuses on creating durable, eco-conscious outdoor furniture designed to enhance outdoor living spaces. The products are crafted from sustainable materials and are engineered to withstand harsh weather conditions, aligning with the brand's mission to encourage outdoor enjoyment. The design team is led by Terry Lin, a former head furniture designer at Pottery Barn, and the manufacturing is conducted at a family-owned factory. Since its inception, Outer has experienced significant growth, with an elevenfold revenue increase by 2020 and a substantial expansion of its workforce.

Jiangxing Intelligence

Series A in 2020
Jiangxing Intelligence Inc., founded in 2018 by Professor Liu Jiangchuan, specializes in the development and operation of artificial intelligence (AI) and edge computing technologies tailored for the Internet of Things (IoT) in China. The company offers solutions such as EdgeBox, which enables real-time processing of big data for industrial clients across various sectors, including manufacturing, energy, transportation, and smart cities. Additionally, its Ubiquitous Wisdom Eye device provides intelligent monitoring for transmission lines by integrating data from various sensors, creating a cohesive supervision platform. Headquartered in Beijing, with offices in Shenzhen and Nanjing, Jiangxing Intelligence has secured significant venture capital funding, positioning itself as a leader in advanced edge computing applications for energy and industrial security.

Semidrive Technology

Series A in 2020
SemiDrive is a developer of advanced semiconductor products tailored for the automotive industry, focusing on applications such as autonomous driving and smart vehicle technologies. The company specializes in creating high-performance core processor chips and microprocessors designed for intelligent driving systems, including advanced driver-assistance systems (ADAS) and in-car entertainment. By adopting a fabless manufacturing model, SemiDrive emphasizes research and development to provide innovative solutions that address the challenges associated with smart driving chips. Its offerings include intelligent cabin systems and automatic controllers, positioning the company as a key player in the evolution of automotive technology.

Ubras

Series B in 2020
Ubras is a women's lingerie brand that specializes in the manufacturing of size-free, comfortable, and seamless underwear. The company emphasizes research and development to create innovative products that cater to various use cases, combining advanced fabrics and technologies to enhance the selection process for intimate apparel. Ubras aims to provide women with versatile and comfortable options in their lingerie choices.

Wobot.ai

Seed Round in 2020
Wobot.ai is a company that specializes in vision-based process compliance through its AI-driven software-as-a-service platform, which integrates with existing CCTV cameras. The platform is designed to assist organizations in various sectors, including Food, Hospitality, Manufacturing, Retail, and Pharma, by reducing monitoring costs and minimizing compliance risks while enhancing customer satisfaction. Wobot.ai offers industry-specific compliance modules that focus on areas such as hygiene, workplace safety, and customer standard operating procedures (SOPs). This enables the automatic detection of deviations from established protocols, which are then tracked and reported to relevant stakeholders. Additionally, Wobot.ai provides a comprehensive dashboard that delivers valuable insights into business operations. The company serves a diverse client base, including notable organizations such as IRCTC, Rebel Foods, CureFit, Max, Kitopi, and Smartworks.

Bijnis

Series A in 2020
Bijnis is a business-to-business commerce platform that connects footwear manufacturers, retailers, component suppliers, and buyers in India. The platform provides various services, including product listings, recruitment, and free postings for requirements and offers, which facilitate communication and help businesses generate trade leads. Bijnis aims to enhance operational efficiency in factories by leveraging technology, allowing factory owners to scale their operations effectively. Currently, Bijnis supports over 1,000 manufacturers, enabling them to serve more than 100,000 retailers across 12,000 pin codes in the footwear sector.

Zetwerk

Series C in 2020
Zetwerk is a manufacturing supply chain solutions provider that connects large manufacturing companies with vendors and suppliers for customized industrial components. Founded in 2018 and based in Bengaluru, Karnataka, India, the company’s online marketplace facilitates the procurement of items such as crane parts, machine chassis, and doors. Zetwerk specializes in various manufacturing processes, including fabrication, machining, casting, and forging, allowing businesses to meet specific requirements efficiently. The platform offers collaboration tools for buyers and suppliers, streamlining interactions and order fulfillment. By leveraging a nationwide network of manufacturing facilities, Zetwerk enables customers to acquire custom products tailored to their budgets and timelines, while also helping suppliers increase their order volumes and revenue. The company plans to expand its marketplace to include third-party applications and services to further address customer needs.

Revobit

Series A in 2020
Revobit specializes in digital creation and sourcing solutions tailored for the fashion industry. The company offers a comprehensive platform that enhances the product development process by integrating various digital tools, which fosters creativity and collaboration among teams. By providing end-to-end digitization of the value chain, Revobit enables clients to streamline design, manufacturing, simulation, production, and product presentation. This commitment to innovation allows fashion brands to create better products more efficiently, ultimately speeding up their time to market.

Encootech

Series B in 2020
Established in July 2017, Shanghai Yunsheng Information Technology Co., Ltd. is the first high-tech company in China to focus on the development of intelligent RPA software robot platform. Headquartered in Jing'an District, Shanghai, it has a research and development center in Suzhou. In 2019, a subsidiary was opened in Tokyo to arrange the Japanese market. The core team of the company, led by technical experts from Microsoft's cloud computing department, independently developed the first intelligent RPA robot platform in China, Digi4th. Yunsheng Technology focuses on providing intelligent software robot products and solutions for the Internet, finance, energy, telecommunications, manufacturing and other industries. It can enhance the efficiency of traditional industry operations and accelerate digital transformation through RPA empowerment.

IKAS Industrial Automation

Seed Round in 2020
IKAS Industrial Automation is provides intelligent manufacturing solutions for IC manufacturing and packaging testing, LED, photovoltaic and other pan-semiconductor manufacturing industries. The company has developed ROPN industrial system modeling as the underlying technology, combined with artificial intelligence and big data, and developed more than 30 modular products for equipment maintenance, production scheduling and other links in the manufacturing process.

Zetwerk

Series B in 2019
Zetwerk is a manufacturing supply chain solutions provider that connects large manufacturing companies with vendors and suppliers for customized industrial components. Founded in 2018 and based in Bengaluru, Karnataka, India, the company’s online marketplace facilitates the procurement of items such as crane parts, machine chassis, and doors. Zetwerk specializes in various manufacturing processes, including fabrication, machining, casting, and forging, allowing businesses to meet specific requirements efficiently. The platform offers collaboration tools for buyers and suppliers, streamlining interactions and order fulfillment. By leveraging a nationwide network of manufacturing facilities, Zetwerk enables customers to acquire custom products tailored to their budgets and timelines, while also helping suppliers increase their order volumes and revenue. The company plans to expand its marketplace to include third-party applications and services to further address customer needs.

Bijnis

Seed Round in 2019
Bijnis is a business-to-business commerce platform that connects footwear manufacturers, retailers, component suppliers, and buyers in India. The platform provides various services, including product listings, recruitment, and free postings for requirements and offers, which facilitate communication and help businesses generate trade leads. Bijnis aims to enhance operational efficiency in factories by leveraging technology, allowing factory owners to scale their operations effectively. Currently, Bijnis supports over 1,000 manufacturers, enabling them to serve more than 100,000 retailers across 12,000 pin codes in the footwear sector.

Jiangxing Intelligence

Series A in 2019
Jiangxing Intelligence Inc., founded in 2018 by Professor Liu Jiangchuan, specializes in the development and operation of artificial intelligence (AI) and edge computing technologies tailored for the Internet of Things (IoT) in China. The company offers solutions such as EdgeBox, which enables real-time processing of big data for industrial clients across various sectors, including manufacturing, energy, transportation, and smart cities. Additionally, its Ubiquitous Wisdom Eye device provides intelligent monitoring for transmission lines by integrating data from various sensors, creating a cohesive supervision platform. Headquartered in Beijing, with offices in Shenzhen and Nanjing, Jiangxing Intelligence has secured significant venture capital funding, positioning itself as a leader in advanced edge computing applications for energy and industrial security.

Beidian

Series A in 2019
Beidian providing consumers with home, clothing, food, beauty, mother and baby, etc. good stuff. Different from the traditional platform, the store communicates through the social sharing of people, realizes the three-way connection between consumers, shopkeepers and supply chain, and delivers selected good goods to consumers. Badian adheres to the source supply chain model and has reached in-depth cooperation with tens of thousands of high-quality brands, source factories and agricultural products bases around the world to ensure that consumers can spend less money to buy better products.

NOME

Series B in 2019
NOME is a value-driven company based on design. By working with Nordic independent designers, NOME creates design inspiration and practical functions, changes the daily life of the general public, and continuously optimizes the overall supply chain by finding the most suitable manufacturers globally. Investing in highly automated and large-scale production methods provides people with excellent products at competitive prices.

NOME

Series A in 2018
NOME is a value-driven company based on design. By working with Nordic independent designers, NOME creates design inspiration and practical functions, changes the daily life of the general public, and continuously optimizes the overall supply chain by finding the most suitable manufacturers globally. Investing in highly automated and large-scale production methods provides people with excellent products at competitive prices.

DeepVision

Seed Round in 2018
DeepVision is a bearing inspection service provider.

Zetwerk

Seed Round in 2018
Zetwerk is a manufacturing supply chain solutions provider that connects large manufacturing companies with vendors and suppliers for customized industrial components. Founded in 2018 and based in Bengaluru, Karnataka, India, the company’s online marketplace facilitates the procurement of items such as crane parts, machine chassis, and doors. Zetwerk specializes in various manufacturing processes, including fabrication, machining, casting, and forging, allowing businesses to meet specific requirements efficiently. The platform offers collaboration tools for buyers and suppliers, streamlining interactions and order fulfillment. By leveraging a nationwide network of manufacturing facilities, Zetwerk enables customers to acquire custom products tailored to their budgets and timelines, while also helping suppliers increase their order volumes and revenue. The company plans to expand its marketplace to include third-party applications and services to further address customer needs.

Eden Biologics

Convertible Note in 2018
Eden Biologics, formerly known as JHL Biotech, is a biopharmaceutical company that specializes in the development of biosimilars and offers contract development and manufacturing services to various clients and partners. The company focuses on producing a diverse range of complex dosage forms, including oral solid, liquid, and semi-solid products, as well as macromolecule biologics. By leveraging its expertise in both global and regional regulatory affairs, Eden Biologics aims to make biopharmaceuticals more affordable and accessible to patients worldwide. Through its comprehensive services, the company supports the entire process from cell line development to commercial manufacturing, enhancing the efficiency and effectiveness of biopharmaceutical development for its partners.

NOME

Series A in 2018
NOME is a value-driven company based on design. By working with Nordic independent designers, NOME creates design inspiration and practical functions, changes the daily life of the general public, and continuously optimizes the overall supply chain by finding the most suitable manufacturers globally. Investing in highly automated and large-scale production methods provides people with excellent products at competitive prices.

Moderna

Series G in 2018
Moderna, Inc. is a biotechnology company based in Cambridge, Massachusetts, that specializes in developing therapeutics and vaccines using messenger RNA technology. Founded in 2010, the company focuses on various therapeutic areas, including infectious diseases, oncology, rare genetic disorders, and cardiovascular diseases. As of September 2024, Moderna has 40 mRNA development candidates in clinical development, demonstrating its commitment to advancing medical science. The company's mRNA platform has gained significant recognition, particularly with the authorization of its COVID-19 vaccine in December 2020. Moderna has established strategic collaborations with notable organizations such as AstraZeneca, Merck & Co., and the Bill & Melinda Gates Foundation. Additionally, it collaborates with Lonza Ltd. and Catalent for the manufacturing of its COVID-19 vaccine. Through its innovative approach, Moderna aims to provide effective solutions for a range of health challenges.

Niu Technologies

Series A in 2016
Niu Technologies is a manufacturer and seller of smart electric scooters and motorcycles based in China. The company offers a diverse range of products, including the NQi, MQi, UQi, F series electric scooters, and the RQi and TQi series urban commuter motorcycles. Additionally, Niu produces professional bicycles under the NIU Aero series and a variety of accessories such as safety gear, storage solutions, and performance upgrades. Through its NIU app, the company provides services like online repair requests, service station locators, and insurance options. Niu sells its products through a network of city partners, franchised stores, and online platforms, reaching approximately 180 cities in China and several international markets. Founded in 2014 and headquartered in Shanghai, Niu Technologies aims to innovate urban mobility and enhance the lifestyle of city dwellers.

QKM Technology

Series A in 2015
QKM Technology Co., Ltd., located in Dongguan, China, specializes in the research and development of advanced robotics solutions. Founded in 2011 by a team of Chinese graduates from overseas universities, the company aims to lead the global robotics market by providing superior products and services. QKM focuses on creating lightweight, high-performance robots, along with their accessories and system software. Its innovative offerings are positioned at the forefront of the robotics industry, reflecting the company's commitment to technological advancement and excellence in manufacturing for global enterprises.

IndigoPaints

Venture Round in 2014
Indigo Paints is one of the fastest-growing paint companies in India and in terms of revenue, it is the 5th largest company in the decorative paint industry. The company is engaged in manufacturing different types of decorative paints like enamels, emulsions, wood coatings, primers, distempers, putties, and cement paints.

DJI

Funding Round in 2014
DJI develops and manufactures innovative drone and camera technology for commercial and recreational use. Their platforms empower them to capture images that were once out of reach. Their flying and camera stabilization systems redefine camera placement and motion. Headquartered in Shenzhen, widely considered China’s Silicon Valley, DJI benefits from direct access to the suppliers, raw materials, and young, creative talent pool necessary for sustained success. Drawing on these resources, they have grown from a single small office in 2006 to a global workforce. Their offices can now be found in the United States, Germany, the Netherlands, Japan, South Korea, Beijing, Shanghai, and Hong Kong. As a privately owned and operated company, DJI focuses on their own vision, supporting creative, commercial, and nonprofit applications of their technology.

Whale

Venture Round in 2014
Whale is a manufacturer specializing in multi-planar surgical imaging and portable diagnostic ultrasound products. The company develops imaging devices that utilize proprietary technologies and advanced manufacturing methods to create safe and efficient systems. These products are designed to enhance the capabilities of surgeons, allowing them to perform procedures with increased speed and ease. By focusing on innovation and user-friendly design, Whale aims to improve surgical outcomes and streamline diagnostic processes in the medical field.

Stovekraft

Venture Round in 2013
Stovekraft Limited is a prominent manufacturer and retailer of kitchen and home appliances in India, primarily known for its flagship brands Pigeon and Gilma. Established in 1999 and based in Bengaluru, the company offers a diverse range of products, including pressure cookers, non-stick cookware, gas and induction cooktops, mixer grinders, and kitchen chimneys. It also provides additional items such as electric rice cookers, emergency lamps, and LED lighting solutions. Stovekraft markets its products through various channels, including distributors, dealers, e-commerce platforms, and its own franchise stores. In addition to serving the Indian market, the company exports its products to several countries, including the United Arab Emirates, the United Kingdom, and Sri Lanka, strengthening its international presence in the kitchen appliances industry.

Anglia Business Solutions

Acquisition in 2012
Anglia Coating Solutions Ltd. supplies paint and coatings to building, maintenance, industrial, and domestic markets. Its products are used in steel, concrete, wood, metal, roofs, floors, walls, and ceilings applications.

Celon Laboratories

Venture Round in 2010
Celon Laboratories Limited is a pharmaceutical company based in Hyderabad, India, focused on developing, manufacturing, and marketing products primarily in oncology, anti-infective, and critical care markets. The company produces a range of dosage forms, including un-coated and coated tablets, capsules, ampoules, vials, pre-filled syringes, and emulsion injections. Celon Laboratories also offers contract research manufacturing services, which encompass formulation development, lyophilization cycle development, quality control testing, stability studies, and regulatory support. Its products and services cater to a diverse clientele across the Asia Pacific, Africa, Latin America, CIS countries, and Eastern Europe. Established in 2001, the company is dedicated to providing innovative drug delivery systems and quality formulations to enhance patient treatment outcomes.

Stovekraft

Series B in 2010
Stovekraft Limited is a prominent manufacturer and retailer of kitchen and home appliances in India, primarily known for its flagship brands Pigeon and Gilma. Established in 1999 and based in Bengaluru, the company offers a diverse range of products, including pressure cookers, non-stick cookware, gas and induction cooktops, mixer grinders, and kitchen chimneys. It also provides additional items such as electric rice cookers, emergency lamps, and LED lighting solutions. Stovekraft markets its products through various channels, including distributors, dealers, e-commerce platforms, and its own franchise stores. In addition to serving the Indian market, the company exports its products to several countries, including the United Arab Emirates, the United Kingdom, and Sri Lanka, strengthening its international presence in the kitchen appliances industry.

eClerx Services

Post in 2010
eClerx Services Limited is a knowledge process outsourcing company headquartered in Mumbai, India, specializing in data management, analytics, and business process outsourcing. The company serves a diverse global clientele, including over 30 Fortune 500 companies in industries such as financial services, telecommunications, retail, media, and manufacturing. eClerx offers a wide range of services, including customer experience solutions, omnichannel customer support, digital analytics, and robotic process automation. It also provides advanced services such as campaign operations, digital asset management, social media services, and regulatory compliance. With five delivery centers across India, eClerx organizes its operations into geographic segments covering the United States, United Kingdom, Europe, and Asia-Pacific, with the majority of its revenue generated from the U.S. market. Founded in 2000, the company is committed to optimizing business processes and enhancing customer interactions through innovative technology and analytics-driven solutions.

eClerx Services

Post in 2009
eClerx Services Limited is a knowledge process outsourcing company headquartered in Mumbai, India, specializing in data management, analytics, and business process outsourcing. The company serves a diverse global clientele, including over 30 Fortune 500 companies in industries such as financial services, telecommunications, retail, media, and manufacturing. eClerx offers a wide range of services, including customer experience solutions, omnichannel customer support, digital analytics, and robotic process automation. It also provides advanced services such as campaign operations, digital asset management, social media services, and regulatory compliance. With five delivery centers across India, eClerx organizes its operations into geographic segments covering the United States, United Kingdom, Europe, and Asia-Pacific, with the majority of its revenue generated from the U.S. market. Founded in 2000, the company is committed to optimizing business processes and enhancing customer interactions through innovative technology and analytics-driven solutions.

GlobalLogic

Series C in 2008
GlobalLogic is a product development services company founded in 2000 and headquartered in San Jose, California. It specializes in chip-to-cloud software engineering, offering full-lifecycle product development services across various industries, including telecom, automotive, healthcare, media and entertainment, manufacturing, and semiconductors. The company focuses on integrating design, complex engineering, and agile delivery capabilities to help clients create and deliver next-generation products and digital experiences. With a global network of design studios and engineering centers, GlobalLogic leverages its international presence to enhance customer outcomes and support the development of innovative software that powers products and platforms.

GlobalLogic

Series B in 2006
GlobalLogic is a product development services company founded in 2000 and headquartered in San Jose, California. It specializes in chip-to-cloud software engineering, offering full-lifecycle product development services across various industries, including telecom, automotive, healthcare, media and entertainment, manufacturing, and semiconductors. The company focuses on integrating design, complex engineering, and agile delivery capabilities to help clients create and deliver next-generation products and digital experiences. With a global network of design studios and engineering centers, GlobalLogic leverages its international presence to enhance customer outcomes and support the development of innovative software that powers products and platforms.
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