8 Oct 2026 · TrustList Editorial
Manus parent Butterfly Effect raises over $500m after Meta deal ends
Boyu Capital and IDG Capital led the round, the first since the AI agent maker's $2 billion sale to Meta was unwound. Existing backers…
10 of 29 venture capital firms ranked on evidence in the Q4 2026 edition.
Between them, the 29 venture capital firms on this page cover partners (8), series (6), internet (5) and banking (5). They also list work in Shanghai, Hong Kong, Beijing and London. 27 of them have written a profile you can read before you get in touch.
TrustList ranking
Q4 2026 edition
10 of 29 venture capital firms ranked on evidence held on 6 October 2026: client reviews, vetting, awards and facts each business states on its own website, which we read and date. Nobody pays to be placed.
Positions are fixed for the quarter; the next edition is due in January 2027.

Partners · Series · eCommerce
IDG Capital Partners is an investment firm that has been active in venture capital in China since 1992.
Why #1: Founded 1992, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.

Partners · Banking · FinTech · Also in California and Taipei
Cross-border venture capital firm investing in early to growth stage companies in the US, Greater China and Asia Pacific
Why #2: Founded 1993, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.

Internet · Partnership · Also in New York and York
Horizen Ventures started in April 2004 as an early-stage investment company focused on technology and internet businesses in India.
Why #3: Founded 2004, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.
Asset Management · Insurance · Domestic · Also in Shanghai
China Universal is an asset management company set up in 2005 to invest in assets linked to China. Its clients are mainly institutions, including pension and insurance money.
Why #4 (shared): Founded 2005, as stated on its own website, read 29 Sept 2026
Not yet on record: client reviews, vetting.

Series A · Series · Science · Also in Huangpu District, Shanghai and Hong Kong
BVCF Management runs BioVeda China Fund, which has invested in life sciences since 2005.
Why #4 (shared): Founded 2005, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.

Also in Los Angeles and Beijing, China
Keytone Ventures is a venture capital firm concentrating on China. It was founded in 2008 by investors who were among the first venture capitalists in the country.
Why #6: Founded 2008, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.

Series A · Early Stage · Series
N5Capital is a venture capital institution founded in 2013. It puts most of its effort into Series A investment, looking for young companies with strong technology and a route to…
Why #7 (shared): Founded 2013, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.

Pre Seed · eCommerce · SaaS · Also in London
Playfair Capital is a generalist technology investor that puts money into founders at an early stage.
Why #7 (shared): Founded 2013, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.

Series A · Asset Management · Seed Stage · Also in India, China and Delhi
InnoVen Capital is a venture lending platform that provides debt to fast-growing, venture-backed technology companies in Asia.
Why #9 (shared): Founded 2015, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.

Early Stage · Deep Tech · Partners · Also in United States
Comet Labs is a venture capital fund and startup platform founded in 2015.
Why #9 (shared): Founded 2015, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.

Construction · Also in Nairobi and Beijing
China Communications Construction Company Limited, known as CCCC, is an infrastructure builder headquartered in Beijing.
Partners · Series · Learning · Also in Africa
Private equity fund of CLSA investing in Belt and Road opportunities across consumer, technology, media and infrastructure

Private Equity · Partners · Manufacturing · Also in Seoul and Tokyo
CLSA Capital Partners is an asset management firm serving large institutional investors in the United States, Europe and Asia.

Partners · Manufacturing · Domestic · Also in Andover and Shanghai
CSV Capital Partners runs an investment fund aimed at China. It expects the country to widen its part in world manufacturing and in fields such as information technology, retail,…

Also in Shenzhen and Nanjing
A Singapore-headquartered family office and angel investment firm founded in 2007, active across venture capital and private equity

Series A · Pre Seed · Seed Stage · Also in Oxford and San Francisco
Episode 1 is a venture fund that invests in business-software startups in the United Kingdom.

Banking · Blockchain · Partnership
Huobi Labs is the decentralised finance arm of the Huobi digital asset group, also referred to as Huobi DeFiLabs.
Asset Management · Real Estate · Internet · Also in Washington and Hong Kong
Innovation Camp, also called iCamp, is an incubator and venture investor that started in Shanghai.

Series · AWS · Also in Shanghai
Kairon Labs provides crypto market making and advisory services for organisations that issue tokens.

Private Equity · Banking · FinTech · Also in Lagos and New York City
Norrsken 22 is a tech growth fund that invests in African entrepreneurs.

Science · Engineering · Retail · Also in Illinois and Mississippi
Presence Capital is an investment firm built around the view that augmented reality and virtual reality will change how people live and work.

Quan Capital is a firm that builds companies in life sciences. It says it finds, incubates and grows future industry players, following healthcare trends and new medical advances.

Internet · Analytics · Accounting · Also in Sao Paulo and Europe
RIO Ventures Holdings is a BVI private venture fund set up by two businessmen with corporate backgrounds, who say they partner actively with entrepreneurs pursuing ambitious goals.

Real Estate · Internet · Manufacturing · Also in New York City and United States
RockTree Capital calls itself a crypto-native fund and merchant bank for early-stage projects. It is headquartered in Beijing, with an office in New York.
For vendors
The order is earned on evidence: client reviews, vetting, awards and the facts a business states on its own website, which we read and date. Nobody can pay to move up. Add reviews or verified facts to your free profile to move up at the next edition; there are two ways to stand out now, and each one says what it is.
Not on TrustList yet? Add your company or claim its listing, free.
Free
Paid · always labelled
Once a startup is funded, it has to hire. TrustList ranks the offshore firms that add developers and dedicated teams to a startup's own, by country and city.
Every other way we rank venture capital firms, by what they do and where they are.
Articles on this subject first, then the newest.
8 Oct 2026 · TrustList Editorial
Boyu Capital and IDG Capital led the round, the first since the AI agent maker's $2 billion sale to Meta was unwound. Existing backers…
4 Oct 2026 · TrustList Editorial
China's MIIT published 29 proposed recommended national-standard projects for comment from 30 September to 29 October 2026, headed by…
3 Oct 2026 · TrustList Editorial
Four Chinese ministries opened the 2026 list for the chip-sector VAT super-deduction: file online between 9 and 16 October; results visible…
Jump to another ranked category.
Everything here links back to the same verified catalogue. Pick your next stop.