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Trustbridge Partners

North America, Massachusetts, United States, Boston

Description

Trustbridge Partners is a prominent global growth-oriented private equity firm established in 2006. With approximately $11 billion in assets under management (AUM), the firm has solidified its position as a significant capital provider for high-growth companies worldwide. Headquartered in Boston with key offices in Shanghai and Hong Kong, Trustbridge leverages its extensive network and deep market insights, particularly bridging opportunities between Western and Asian markets. Their investment philosophy centers on identifying and supporting businesses with proven models and substantial scaling potential.

The firm primarily focuses on growth equity investments, targeting companies that are beyond the early startup phase and are seeking capital for expansion, market penetration, or strategic initiatives. Trustbridge's sector expertise spans a diverse range, including consumer, healthcare, technology, and advanced manufacturing. Their commitment to these sectors is underscored by their successful fundraising efforts; for instance, Trustbridge Partners Fund VI closed at $2.5 billion in 2020, demonstrating strong investor confidence in their strategy and deal sourcing capabilities. This substantial capital base allows them to make significant investments in their portfolio companies.

Trustbridge Partners is known for its hands-on approach, providing not just capital but also strategic guidance, operational expertise, and access to their global ecosystem. They often take substantial minority or control stakes, working closely with management teams to accelerate growth and create long-term value. Their portfolio includes several well-known companies that have achieved remarkable scale and market leadership, reflecting Trustbridge's ability to pick winners and contribute to their success. The firm's long-term vision and patient capital approach make them a preferred partner for ambitious growth-stage enterprises aiming for global impact.

Investor Profile

Trustbridge Partners has backed more than 120 startups, with 2 new investments in the last 12 months alone. The firm has led 45 rounds, about 38% of its total and boasts 19 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series C, Series B rounds (top funding stages).
  • Majority of deals are located in China, United States, United Kingdom.
  • Strong thematic focus on Education, Health Care, Software.
  • Led 1 rounds in the past year.
  • Typical check size: $50M – $300M.

Stage Focus

  • Series A (31%)
  • Series C (20%)
  • Series B (20%)
  • Angel (10%)
  • Series D (6%)
  • Series Unknown (5%)
  • Series E (3%)
  • Private Equity (3%)
  • Post Ipo Equity (1%)
  • Series F (1%)

Country Focus

  • China (81%)
  • United States (15%)
  • United Kingdom (2%)
  • India (1%)
  • Norway (1%)
  • Singapore (1%)

Industry Focus

  • Education
  • Health Care
  • Software
  • E-commerce
  • Mobile
  • Medical
  • Edtech
  • Internet
  • E-learning
  • Information Technology
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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 Trustbridge Partners frequently co-invest with?

Kleiner Perkins
North America, California, United States, Menlo Park
Co-Investments: 4
IDG Capital
Asia, Beijing, China, Beijing
Co-Investments: 10
Tencent
Asia, Guangdong, China, Shenzhen
Co-Investments: 5
Sinovation Ventures
Asia, Beijing, China, Beijing
Co-Investments: 5
Temasek Holdings
Asia, Central Region, Singapore, Singapore
Co-Investments: 6
BAI capital
Asia, Beijing, China, Beijing
Co-Investments: 3
Matrix Partners China
Asia, Beijing, China, Beijing
Co-Investments: 7
5Y Capital
Asia, Shanghai, China, Xuhui
Co-Investments: 4
HongShan
Asia, Beijing, China, Beijing
Co-Investments: 9
Qiming Venture Partners
Asia, Shanghai, China, Shanghai
Co-Investments: 5

Which angels does Trustbridge Partners often collaborate with?

HF
North America, New York, United States, New York
Shared Deals: 1
JW
North America, United States
Shared Deals: 1
BM
North America, Minnesota, United States, Excelsior
Shared Deals: 1
NR
North America, California, United States
Shared Deals: 1
OH
North America, California, United States, Los Angeles
Shared Deals: 1
KD
North America, California, United States, Oakland
Shared Deals: 1
BY
North America, Massachusetts, United States, Boston
Shared Deals: 1
BM
North America, California, United States, San Francisco
Shared Deals: 1
Shared Deals: 1
RM
Europe, Ireland
Shared Deals: 1

What are some of recent deals done by Trustbridge Partners?

Metafoodx

San Jose, California, United States

Do More with Less. Improving Sustainability and Reducing Waste.

Food and BeverageInternet of ThingsSaaS
Series AMay 15, 2025
Amount Raised: $9,400,000
Cherre

New York, New York, United States

Cherre is a real estate data platform that connects decision-makers to property investment, management, and market information.

AnalyticsBig DataCommercial Real EstateData IntegrationReal Estate
Series CSep 18, 2024
Amount Raised: $30,000,000
Hope Medicine

Nanjing, Jiangsu, China

Hope Medicine is a science-driven clinical stage biopharmaceutical company

Health CareMedical
Series BFeb 7, 2024
Amount Raised: $28,117,531
Hystar

Høvik, Akershus, Norway

Hystar develops polymer electrolyte membrane electrolyzers designed for large-scale green hydrogen production.

Chemical
Series BJan 11, 2023
Amount Raised: $25,837,484
G7

Haidian, Beijing, China

G7 is a fleet management service provider in China that offers IoT/AI services to over 800,000 vehicles.

Fleet ManagementInformation TechnologyInternet of ThingsLogisticsTransportation
Private EquityFeb 15, 2022
Amount Raised: $200,000,000
Future

San Francisco, California, United States

Future is an online fitness platform that offers customized personal training and workout programs, as well as tracks user's daily progress.

FitnessMobile AppsTraining
Series CFeb 3, 2022
Amount Raised: $75,000,000
Pear Therapeutics

Boston, Massachusetts, United States

Pear Therapeutics is a software-based digital therapeutics platform designed to treat disease and enhance the efficacy of pharmaceuticals.

BiotechnologymHealthPharmaceuticalSoftwareTherapeutics
Post Ipo EquityDec 6, 2021
Amount Raised: $125,000,000
Fengxingzhitu

Dongguang, Guangdong, China

Fengxingzhitu engages in R&D of AI system.

Artificial Intelligence (AI)
Series BNov 17, 2021
Terviva

Alameda, California, United States

Terviva is planting millions of trees to feed billions of people.

AgricultureCleanTechFarming
Series EJul 19, 2021
Amount Raised: $60,759,978
Jingling Tech

Haidian, Beijing, China

Jingling Tech is a startup developing Linux-based tablets and laptops.

ComputerSoftware
AngelJun 15, 2021
Amount Raised: $10,000,000