VC firm
Chuangxin
Also known as Innovation Works Development, Innovation Works Development Fund II, L.P., Innovation Works Development Fund, L.P.
- Investor type
- VC
- Investing status
- Activeas of 2026-09-21Source (opens in a new tab)
- Headquarters
- Beijing, China
- Founded
- 2009
- Assets under management
- $4.1MForm ADV private fund GAV, as of 2026-06-23Source (opens in a new tab)
- Latest fund size
- $275MSEC amount soldSource (opens in a new tab)
- Funds
- 2
- Legal name
- Sinovation Ventures
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Record updated 29 September 2026
About
Sinovation Ventures (创新工场) was founded by Dr. Kai-Fu Lee in September 2009. As a leading technology-focused venture capital institution in China, Sinovation Ventures works in depth in artificial intelligence and hard tech, robotics and automation, general technology, medical technology and other fields, constantly exploring and innovating, and is committed to building a full-scale ecosystem investment service platform integrating a startup platform, capital support, post-investment services and more.
Investment approach
- Thesis
- 帮助中国创业者打造世界级企业Source (opens in a new tab)
- Investing status notes
- 砺博生物宣布完成近亿元人民币Pre-A轮融资
Funds
- Innovation Works Development Fund II, L.P.
- $275MVintage 2012, Main fund, SEC amount sold
- Innovation Works Development Fund, L.P.
- $180MVintage 2010, Main fund, SEC amount sold
SEC registration
- Registered adviser
- INNOVATION WORKS DEVELOPMENT FUND GP, LP
- CRD number
- 162095 (opens in a new tab)
- SEC file number
- 802-74598
- Registration
- Exempt reporting adviser
- Regulatory AUM
- $4.1Mas of 2026-06-23
- Private funds reported
- 1
- Principal office
- BEIJING, China
- SEC CIK
- 1513310, 1554426
Locations
- Office
- 上海
- Office
- 北京
- Office
- 南京
- Office
- 广州
- Office
- 深圳
- Office
- 香港
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