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Green Pine Capital Partners

Asia, Guangdong, China, Shenzhen

Description

Green Pine Capital Partners (松禾资本) is a highly prominent venture capital firm headquartered in Shenzhen, China, established in 2007. The firm has solidified its position as one of China's leading investment institutions, recognized for its strategic focus on high-growth sectors critical to the nation's economic transformation and technological advancement. Green Pine Capital Partners primarily invests in cutting-edge technologies and emerging industries, aiming to foster innovation and support the development of groundbreaking companies within the Chinese market.

Green Pine Capital Partners maintains a diversified investment portfolio, with a strong emphasis on sectors such as TMT (Technology, Media, and Telecommunications), healthcare, new materials, and advanced manufacturing. The firm manages an impressive portfolio, having invested in over 400 companies across various stages, from early-stage startups to more mature growth companies. Its total assets under management (AUM) exceed 30 billion RMB, which translates to approximately $4.1 billion USD, underscoring its significant financial capacity and ability to deploy substantial capital across its target industries.

Green Pine Capital Partners boasts a robust track record of successful exits, with over 100 portfolio companies achieving liquidity events, including more than 80 successful IPOs on various stock exchanges. This strong performance highlights the firm's expertise in identifying and nurturing promising ventures that can achieve significant market impact and generate substantial returns. The firm is known for its hands-on approach, providing not just capital but also strategic guidance and operational support to its portfolio companies, leveraging its deep industry knowledge and extensive network within China's dynamic innovation ecosystem.

Investor Profile

Green Pine Capital Partners has backed more than 25 startups, with 8 new investments in the last 12 months alone. The firm has led 5 rounds, about 20% of its total and boasts 17 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Seed rounds (top funding stages).
  • Majority of deals are located in China, Canada, United States.
  • Strong thematic focus on Software, Artificial Intelligence (AI), Biotechnology.
  • Led 4 rounds in the past year.
  • Typical check size: $2M – $40M.

Stage Focus

  • Series A (24%)
  • Series B (20%)
  • Seed (20%)
  • Series C (16%)
  • Series Unknown (12%)
  • Angel (4%)
  • Series D (4%)

Country Focus

  • China (92%)
  • Canada (4%)
  • United States (4%)

Industry Focus

  • Software
  • Artificial Intelligence (Ai)
  • Biotechnology
  • Information Technology
  • Semiconductor
  • Medical
  • Hardware
  • Robotics
  • Health Care
  • Internet
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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 Green Pine Capital Partners frequently co-invest with?

IDG Capital
Asia, Beijing, China, Beijing
Co-Investments: 2
Hongtai Capital Holdings
Asia, Beijing, China, Beijing
Co-Investments: 2
Co-Stone Venture Capital
Asia, Guangdong, China, Shenzhen
Co-Investments: 3
5Y Capital
Asia, Shanghai, China, Xuhui
Co-Investments: 2
V Fund Management
Asia, Beijing, China, Beijing
Co-Investments: 2
CDH Investments
Asia, Kowloon, Hong Kong, Kowloon City
Co-Investments: 3
HongShan
Asia, Beijing, China, Beijing
Co-Investments: 3
Walden International
North America, California, United States, San Francisco
Co-Investments: 3
PreAngel
North America, California, United States, Sunnyvale
Co-Investments: 2
Haitong Capital
Europe, Lisboa, Portugal, Lisbon
Co-Investments: 2

Which angels does Green Pine Capital Partners often collaborate with?

BG
Asia, China
Shared Deals: 1
Adrian Cheng
Asia, Hong Kong
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by Green Pine Capital Partners?

Sunrise

Hangzhou, Zhejiang, China

Sunrise is a high-performance GPU developer specializing in GPU research and development.

Series UnknownJun 30, 2025
Amount Raised: $139,584,875
Shanmu SHANMU

Shenzhen, Guangdong, China

Shanmu is a micro medical robot specialist who uses self-developed digital microfluidic chipsets and artificial intelligence algorithms.

Artificial Intelligence (AI)BiotechnologyRobotics
SeedJun 18, 2025
Sungen Biomedical

Daxing, Beijing, China

Sungen Biomedical is engaged in the development of first-in-class (FIC) antibody therapeutics.

BiopharmaHealth CareMedical
Series AMay 30, 2025
Amount Raised: $41,688,090
Feng1

Shenzhen, Guangdong, China

Feng eFood is an unmanned retail operator.

Food and BeverageLogisticsService Industry
Series BApr 29, 2025
Readline

Shenzhen, Guangdong, China

Readline is a biological immobilized enzyme catalysis technology application service provider.

AgricultureBiotechnologyPharmaceutical
Series CFeb 22, 2025
Taifang Technology

Haidian, Beijing, China

Taifang technology is a national high-tech enterprise, focusing on the R & D and industrial application of intelligent tactile technology.

Consumer ElectronicsEnterpriseHardwareSensorSoftware
Series BDec 18, 2024
NAEN Auto Technology

Songjiang, Shanghai, China

Shanghai NAEN Auto Technology co.Ltd provides automotive electronics products for automobile manufacturers.

AutomotiveElectronicsManufacturing
Series UnknownDec 3, 2024
Amount Raised: $13,727,213
Neurogin

Chengdu, Sichuan, China

Neurogin is a bioelectronics company that provides reliable monitoring and auxiliary diagnostic tools for clinical and health institutions.

BiotechnologyMedical DeviceNeuroscience
SeedAug 23, 2024
Baisios

Fengtai, Beijing, China

Baisios is a developer of tumor immune cell therapy technology and is dedicated to the growth of the tumor biotherapy industry.

BiotechnologyGeneticsMedical
Series BNov 1, 2023
DJEL

Beijing, Beijing, China

DJEL is a semiconductor equipment and software company specializing in integrated circuit yield management.

ElectronicsManufacturingSemiconductorSoftware
Series UnknownNov 24, 2022
Amount Raised: $139,824,939