VC firm
Sinovation Ventures
Also known as Innovation Works Development Fund III, L.P., Sinovation Disrupt, Sinovation Disrupt Fund, L.P., Sinovation Fund III, L.P., Sinovation Fund IV, L.P., Sinovation Fund V, L.P.
- Investor type
- VC
- Investing status
- Activeas of 2026-09-18Source (opens in a new tab)
- Headquarters
- HONG KONG, Hong Kong
- Founded
- 2009
- Assets under management
- $3BStated by firm, as of 2026-09-18Source (opens in a new tab)
- Latest fund size
- $203MSEC amount sold, as of 2021-11-16Source (opens in a new tab)
- Funds
- 6
- Legal name
- SINOVATION (HK) INVESTMENT MANAGEMENT CO., LIMITED
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Record updated 27 September 2026
About
Sinovation Ventures is a leading Chinese technology venture capital firm. Founded by a team led by Dr. Kai-Fu Lee in 2009, we manage ten USD- and RMB-denominated funds with over US$3 billion in assets under management, backing more than 500 portfolio companies across technology and innovation globally.
Investment approach
- Thesis
- Help Chinese Entrepreneurs Build World Class Companies.Source (opens in a new tab)
- Investing status notes
- Sinovation Ventures is a leading Chinese technology venture capital firm. Founded by a team led by Dr. Kai-Fu Lee in 2009, we manage ten USD- and RMB-denominated funds with over US$3 billion in assets under management, backing more than 500 portfolio companies across technology and innovation globally.
Funds
- Sinovation Fund V, L.P.
- $203MVintage 2021, Main fund, SEC amount sold
- Sinovation Disrupt Fund, L.P.
- Vintage 2019Main fund
- Sinovation Fund IV, L.P.
- Vintage 2017Main fund
- Sinovation Fund III, L.P.
- $303MVintage 2015, Main fund, SEC amount sold
- SINOVATION FUND IV, L.P.
- Main fund
- SINOVATION DISRUPT FUND, L.P.
- Main fund
SEC registration
- Registered adviser
- SINOVATION (HK) INVESTMENT MANAGEMENT CO., LIMITED
- CRD number
- 330180 (opens in a new tab)
- SEC file number
- 802-129806
- Registration
- Exempt reporting adviser
- Regulatory AUM
- $1.2Bas of 2026-03-31
- Private funds reported
- 3
- Principal office
- HONG KONG, Hong Kong
- SEC CIK
- 1645050, 1736007, 1814657
Locations
- Office
- Beijing
- Office
- Guangzhou
- Office
- Hong Kong
- Office
- Nanjing
- Office
- Shanghai
- Office
- Shenzhen
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