33 investors have funded 9 Cloud Infrastructure companies head-officed in Shanghai, across 46 rounds (Nov 2013 – Apr 2023). They are ranked by how many Shanghai companies in this market they have actually backed.
"In Shanghai" describes the companies, not the investor: most of the money in any city comes from somewhere else, and the Where the money comes from section below shows exactly where it came from here.
Ranked by companies backed in this market and city, then by round count. "Led" counts rounds recorded with this investor as lead.
| # | Investor | Based in | Stages here | Companies | Rounds | Led | Latest | Portfolio total |
|---|---|---|---|---|---|---|---|---|
| 1 | Legend Capital | Haidian, China | Series BSeries CSeries D | 3 | 4 | 3 | Apr 2023 | 335 |
| 2 | Bertelsmann Asia Investments | Chaoyang, China | Series ASeries BSeries C | 2 | 4 | 3 | Apr 2020 | 73 |
| 3 | DCM Ventures | Menlo Park, United States | Series ASeries BSeries C | 1 | 3 | — | Apr 2015 | 293 |
| 4 | Yunqi Partners | Beijing, China | Series A | 1 | 2 | 1 | Aug 2018 | 115 |
| 5 | Redpoint China Ventures | Beijing, China | Series BSeries C | 1 | 2 | 1 | Apr 2020 | 54 |
| 6 | Vision Knight Capital | Shanghai, China | Series CSeries D | 1 | 2 | 1 | Apr 2022 | 45 |
| 7 | Crystal Stream Capital | Chaoyang, China | Series ASeries B | 1 | 2 | 1 | Mar 2020 | 27 |
| 8 | Alibaba Cloud | Hangzhou, China | Series ASeries B | 1 | 2 | 1 | Dec 2018 | 16 |
| 9 | Intel Capital | Santa Clara, United States | Series A | 1 | 1 | 1 | Sep 2015 | 764 |
| 10 | Matrix | San Francisco, United States | Seed | 1 | 1 | 1 | Sep 2016 | 320 |
| 11 | Shenzhen Capital Group | Shenzhen, China | Series B | 1 | 1 | 1 | Dec 2018 | 372 |
| 12 | Cisco Investments | San Jose, United States | Series A | 1 | 1 | — | Jan 2015 | 265 |
| 13 | Gobi Partners | Kuala Lumpur, Malaysia | Series A | 1 | 1 | — | Jul 2014 | 214 |
| 14 | Fortune Capital | Shenzhen, China | Series A | 1 | 1 | 1 | May 2022 | 191 |
| 15 | Frees Fund | Beijing, China | Series A | 1 | 1 | 1 | Aug 2016 | 122 |
| 16 | Yuanhe Holdings | Suzhou, China | Series D | 1 | 1 | — | Mar 2017 | 130 |
| 17 | Puhua Capital | Hangzhou, China | Series C | 1 | 1 | — | Apr 2020 | 120 |
| 18 | CBC Capital | Beijing, China | Series A | 1 | 1 | — | Jul 2014 | 82 |
| 19 | Alibaba | New York City, United States | Series B | 1 | 1 | 1 | Aug 2020 | 72 |
| 20 | Ginkgo Valley Capital | Hangzhou, China | Angel | 1 | 1 | — | Jul 2015 | 58 |
| 21 | FG Venture | Shanghai, China | Series A | 1 | 1 | 1 | Aug 2016 | 47 |
| 22 | Delian Capital | Beijing, China | Series C | 1 | 1 | 1 | Apr 2020 | 50 |
| 23 | New Alliance Capital | Shanghai, China | Series B | 1 | 1 | — | Dec 2018 | 35 |
| 24 | GX Capital | Beijing, China | Series C | 1 | 1 | — | Apr 2015 | 34 |
| 25 | Changan Private Capital | Xicheng, China | Series A | 1 | 1 | 1 | Aug 2016 | 17 |
| 26 | Hundsun | Hangzhou, China | Series B | 1 | 1 | 1 | Mar 2020 | 12 |
| 27 | Jinke Junchuang Capital | Chaoyang, China | Series A | 1 | 1 | — | May 2022 | 10 |
| 28 | Shanghai Zhangjiang Hi-Tech Park Development | Shanghai, China | Series C | 1 | 1 | 1 | Nov 2020 | 6 |
| 29 | China Telecom Corporation | Beijing, China | Series B | 1 | 1 | 1 | Mar 2021 | 5 |
| 30 | DBAPPSecurity | Hangzhou, China | Series B | 1 | 1 | 1 | Aug 2020 | 2 |
| 31 | Shandong Yinfeng Investment Group | Jinan, China | Series B | 1 | 1 | 1 | May 2020 | 2 |
| 32 | Relay Capital | Canada | Series C | 1 | 1 | — | Apr 2023 | 1 |
| 33 | Ningbo TECO Venture Capital | Ningbo, China | Series B | 1 | 1 | 1 | May 2020 | 1 |
Head office of the investors on this page.
Rounds by stage — where in a company's life this money arrives.
Total disclosed size of each round, not one investor's share.
How active this market has been.
Cloud Infrastructure companies head-officed in Shanghai that took money from these investors.
| Company | Backers | Rounds | Disclosed | Latest round |
|---|---|---|---|---|
| ZStack zstack-cloud.com |
8 | 9 | $109.7M | Series C Apr 2023 |
| FIT2CLOUD fit2cloud.com |
6 | 8 | $31.4M | Series D Apr 2022 |
| UCloud ucloud.cn |
5 | 10 | $709.5M | Series D Mar 2017 |
| CloudChef cloudchef.io |
5 | 7 | $25.9M | Series B Apr 2020 |
| ChinaCloud chinacloud.com.cn |
3 | 3 | $45M | Series A Aug 2016 |
| KeyTone Cloud keytonecloud.com |
3 | 3 | $16M | Series A Jan 2015 |
| 99Cloud 99cloud.net |
3 | 3 | — | Series B May 2020 |
| Phenomenon Array nncsys.com |
2 | 2 | $29.7M | Series A May 2022 |
| Zhuyun jiagouyun.com |
1 | 1 | — | Series C Nov 2020 |
| Date | Investor | Company | Stage | Round size |
|---|---|---|---|---|
| Apr 2023 | Relay Capital | ZStack | Series C | — |
| Apr 2023 | Legend CapitalLED | ZStack | Series C | — |
| May 2022 | Fortune CapitalLED | Phenomenon Array | Series A | $14.9M |
| May 2022 | Jinke Junchuang Capital | Phenomenon Array | Series A | $14.9M |
| Apr 2022 | Legend CapitalLED | FIT2CLOUD | Series D | $15.7M |
| Apr 2022 | Vision Knight Capital | FIT2CLOUD | Series D | $15.7M |
| Mar 2021 | China Telecom CorporationLED | ZStack | Series B | — |
| Nov 2020 | Shanghai Zhangjiang Hi-Tech Park DevelopmentLED | Zhuyun | Series C | — |
| Aug 2020 | DBAPPSecurityLED | ZStack | Series B | $33.3M |
| Aug 2020 | AlibabaLED | ZStack | Series B | $33.3M |
| May 2020 | Shandong Yinfeng Investment GroupLED | 99Cloud | Series B | — |
| May 2020 | Ningbo TECO Venture CapitalLED | 99Cloud | Series B | — |
| Apr 2020 | Redpoint China Ventures | FIT2CLOUD | Series C | — |
| Apr 2020 | Vision Knight CapitalLED | FIT2CLOUD | Series C | — |
| Apr 2020 | Puhua Capital | FIT2CLOUD | Series C | — |
| Apr 2020 | Delian CapitalLED | FIT2CLOUD | Series C | — |
| Apr 2020 | Bertelsmann Asia InvestmentsLED | CloudChef | Series B | — |
| Mar 2020 | HundsunLED | CloudChef | Series B | $7.2M |
| Mar 2020 | Crystal Stream Capital | CloudChef | Series B | $7.2M |
| Dec 2018 | Shenzhen Capital GroupLED | ZStack | Series B | $14.4M |
Cloud Infrastructure investors in other cities
Other markets in Shanghai