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Cowin Capital

Asia, Guangdong, China, Shenzhen

Description

Cowin Capital is a prominent private equity and venture capital firm based in Shenzhen, China, established in 2000. It distinguishes itself by focusing on long-term investments in pioneering and growth-oriented enterprises across various high-potential sectors. The firm has grown to become a significant player in the Chinese investment landscape, managing a substantial portfolio and a large number of funds. Its strategic approach emphasizes identifying and nurturing companies with strong innovation capabilities and significant market potential, contributing to the development of China's technology and industrial sectors.

The firm boasts an impressive scale, with its cumulative assets under management (AUM) exceeding 30 billion RMB, which translates to approximately $4.15 billion USD. Cowin Capital manages over 100 distinct funds, demonstrating a diversified investment strategy across different stages and industries. Its extensive investment activity is reflected in its portfolio, having invested in over 1000 companies since its inception. This broad reach allows them to support a wide spectrum of enterprises, from nascent startups to more mature, pre-IPO companies.

Cowin Capital's investment scope spans critical sectors including TMT (Technology, Media, and Telecommunications), advanced manufacturing, new energy and new materials, healthcare, and consumer services. While their stated focus is on "pioneering enterprises," they invest across various stages, from early-stage and growth-stage to pre-IPO rounds. This multi-stage approach means their typical first cheque sizes can vary significantly, generally ranging from $1 million for early-stage ventures to potentially $50 million for more substantial stakes in later-stage or pre-IPO companies. The firm has also demonstrated a strong track record of successful exits, with over 160 portfolio companies having achieved successful listings or M&A exits, underscoring their ability to identify and scale promising businesses.

Investor Profile

Cowin Capital has backed more than 58 startups, with 39 new investments in the last 12 months alone. The firm has led 32 rounds, about 55% of its total and boasts 31 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in China, France, United States.
  • Strong thematic focus on Manufacturing, Robotics, Automotive.
  • Led 31 rounds in the past year.
  • Typical check size: $1M – $50M.

Stage Focus

  • Seed (26%)
  • Series A (24%)
  • Series B (21%)
  • Series Unknown (10%)
  • Series C (5%)
  • Angel (5%)
  • Series D (3%)
  • Post Ipo Equity (2%)
  • Series E (2%)
  • Undisclosed (2%)

Country Focus

  • China (95%)
  • France (2%)
  • United States (2%)

Industry Focus

  • Manufacturing
  • Robotics
  • Automotive
  • Advanced Materials
  • Electronics
  • Semiconductor
  • Biotechnology
  • Health Care
  • Industrial
  • Sensor
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Cowin Capital frequently co-invest with?

IDG Capital
Asia, Beijing, China, Beijing
Co-Investments: 2
Fosun Capital
Asia, Shanghai, China, Shanghai
Co-Investments: 2
Legend Capital
Asia, Beijing, China, Beijing
Co-Investments: 2
BlackRock
North America, New York, United States, New York
Co-Investments: 1
Fortune Capital
North America, Florida, United States, Coral Gables
Co-Investments: 2
Walden International
North America, California, United States, San Francisco
Co-Investments: 2
TusStar
Asia, Beijing, China, Beijing
Co-Investments: 2
Highlight Capital
Asia, Jiangsu, China, Nanjin
Co-Investments: 2
SDIC Venture Capital
Asia, Hebei, China, Xicheng
Co-Investments: 2
CMB International Capital Corporation
Asia, Hong Kong Island, Hong Kong, Central
Co-Investments: 2

What are some of recent deals done by Cowin Capital?

Zero Square Robotics specializes in the production of multi-model humanoid robots for multiple industries such as service industry.

Artificial Intelligence (AI)Machine LearningRobotic Process Automation (RPA)Robotics
AngelJul 31, 2025
Tsinghua Huahe

Suzhou, Jiangsu, China

Tsinghua Huahe is a medical devices company that provides research and development of modified PEEK materials.

IndustrialMedicalMedical Device
SeedJul 8, 2025
Zhongke Chuncui Technology

Changping, Beijing, China

Zhongke Chuncui Technology is ahigh-tech enterprise focusing on the efficient separation and extraction of new energy strategic metals.

Precious MetalsProduct Research
SeedJul 2, 2025
Hangrun Aviation

Guangzhou, Guangdong, China

Hangrun Aviation is an aviation engine inspection and maintenance service provider.

AerospaceMechanical EngineeringRecyclingRental
Series BJun 27, 2025
Digit Huaxia

Shenzhen, Guangdong, China

Digit Huaxia is a Chinese AI and robotics company focused on developing emotionally intelligent humanoid robots

Artificial Intelligence (AI)Machine LearningRobotics
SeedJun 11, 2025
Xinhui Aerospace

Shenzhen, Guangdong, China

Xinhui Aerospace is a company specializing in the development and manufacturing of aerospace electric servo systems.

AerospaceManufacturing
SeedMay 23, 2025
Jinruida Rare Earth

Dezhou, Shandong, China

Jinruida Rare Earth engages in the production and sales of high-performance rare earth permanent magnet materials.

IndustrialManufacturing
Series AMay 13, 2025
Geosophon

Zhenhai, Zhejiang, China

Geosophon is a digital space governance service provider driven by spatiotemporal big data.

Series AApr 30, 2025
Quanzhi Technology

Hangzhou, Zhejiang, China

Quanzhi Technology is the developes of Industrial robot.

SeedApr 23, 2025
Zhongke Hangxin

Haidian, Beijing, China

Zhongke Hangxin is a high-precision inertial navigation technology and product developer.

Advanced MaterialsSemiconductorSensor
Series AApr 22, 2025