Be the change we want to see | BlueRun Ventures December Report
Memorable Moments from December
Year-end is for retrospectives, but summing up 2022 — a year of chaos and turbulence — feels especially difficult. How do you even define it?
If grand conclusions are too hard, better to focus on specific moments. This past December, the BlueRun Ventures family kept building their businesses and capabilities, racking up concrete wins. It all comes back to a principle we've always held: if you believe the world needs to change, don't just talk about it or look outward for answers. Just be the change we want to see. Enjoy~ 😉
BlueRun Ventures leads Series A in ReviR Therapeutics
The round raised RMB 50 million, which will go toward continued R&D on myopia prevention and control products, scaling up manufacturing capacity, and expanding the team of specialist researchers.
BlueRun Ventures leads Pre-A round in Lidao Biotech
The round raised nearly USD 6 million, which will fund development of an automated chemoproteomics platform and the creation of the world's largest live-cell target-probe binding database.
Xingyun completes Series C of several hundred million RMB
Following this round, the company will accelerate deployment of its integrated aerial-ground product system. BlueRun Ventures led Xingyun's Series A and participated in its Series B and B+ rounds.
RapidsDB completes funding of over RMB 100 million
RapidsDB is an intelligent data computing company serving the data economy era, built around two core product lines: self-developed databases and AI. BlueRun Ventures invested in RapidsDB's Pre-A and Series A rounds.
Lidao Biotech launches drug target identification service platform
This is the world's first such platform, serving academic and corporate clients and partners with real-time tracking of target identification project progress and management of project-related reports. 
NOLO partners to build China's first fully cloud-based VR interactive space
During the Migu World Cup Music Festival, the experience opened to headset users, delivering 360-degree immersive viewing that transcended two-dimensional space, powering new XR "sports + entertainment" consumption scenarios.
BlueRun Ventures portfolio company launches upgraded solution
The solution covers warehousing logistics and 3D vision-based intelligent truck loading systems, extending from loading operations to warehousing and transfer. Through integrated software and hardware combining automated storage, intelligent transfer units, and vision-based loading systems, it enables rapid outbound shipping with zero human intervention.
2022 Gaogong Golden Globe Awards
Multiple BlueRun Ventures portfolio companies won awards —
Youibot's semiconductor solution won Benchmark Case of the Year;
YTMicro made the 2022 Gaogong Intelligent Vehicle Golden Globe Awards TOP 100 Intelligent Connected Innovation Enterprises;
Mooe Robot's outdoor unmanned transport series innovation product "Marching Ant F2" won Product of the Year
2022 QbitAI AI Annual Selection
Multiple BlueRun Ventures portfolio companies were selected — Gaussian Robotics made the "2022 Top 50 AI Pilot Enterprises"; Luchen Tech and BioMap made the "2022 Top 20 Most Valuable AI Startups"; Luchen Tech's large model training and inference solution made the "2022 Top 10 AI Best Solutions"; Luchen Tech founder Yang You made the "2022 Top 30 AI Leaders"
CoreXing Technology selected as Cultivated Sci-Tech Little Giant Enterprise
The Shanghai Municipal Science and Technology Commission announced the 2022 Shanghai "Sci-Tech Innovation Action Plan" Sci-Tech Little Giant project list, with CoreXing Technology selected. RapidsDB passes authoritative adaptation verification
Testing was conducted by the Financial Information Technology Innovation Ecology Laboratory, with comprehensive functional and compatibility testing of RapidsDB. The test passed with 100% compliance. 2022 Beijing Top 100 Digital Economy Enterprises
BlueRun Ventures portfolio companies Waterdrop and RapidsDB were selected.
2022 Deloitte Shenzhen Rising Star
BlueRun Ventures portfolio companies Youibot and ReviR Therapeutics were selected.
Huayu Tongruan product passes global authoritative certification
Huayu Tongruan announced that its "Swift" communication middleware (SWIFT DDS) passed ISO 26262 ASIL D functional safety product certification from TÜV Rheinland, becoming China's first high-performance communication middleware based entirely on self-developed OMG DDS standards to pass ASIL D certification.
Tian Cheng Technology wins IAI Best Design Award again
Tian Cheng Technology's Youxing exoskeleton won the IAI Best Design Award in industrial product design again. As the IAI's highest honor, this annual award recognizes the most outstanding works in industrial design. QingCloud named OSCHINA Annual Outstanding Open Source Technology Team again
The QingCloud KubeSphere team won for its innovation capabilities in open source container technology, frequency and quality of technical sharing, and outstanding open source community engagement. Moyun Technology listed in ISC 2022 Innovation Capability Top 100
Moyun Technology's "intelligent automated risk verification platform Vackbot" made the ISC (Internet Security Conference) Threat Detection and Response Digital Security Innovation Capability Top 100. Additionally, in Gartner's "2022 China Security Technology Maturity Curve," Moyun Technology was recognized as a representative vendor in both Breach and Attack Simulation (BAS) and Software Composition Analysis (SCA).
Machenike wins multiple awards in intelligent vehicle sector
Machenike made the EOAuto "2022 China Intelligent Electric Vehicle Sci-Tech Potential Companies TOP10" list; founder and CEO Dr. Feilong Liu won Lieyunwang's "2022 Entrepreneurial Pioneers TOP10" and the "2022 Autonomous Driving Annual Sci-Tech Innovation Award — Industry Leader" from the 2nd China Autonomous Driving Sci-Tech Innovation Forum. EasyStack listed in information technology innovation unicorn ranking
The authoritative media Internet Weekly, sponsored by the Chinese Academy of Sciences and Science Press, released the "2022 Information Technology Innovation Unicorns TOP100," with EasyStack ranking in the top 30.
Shengke Energy rated as landmark technical achievement
At the annual assessment results release conference for the Energy-Saving and New Energy Vehicle Technology Roadmap 2.0 hosted by the Society of Automotive Engineers of China, Shengke Energy was rated as a landmark technical achievement in the charging infrastructure field.
Zero Gravity signs strategic cooperation agreement with CETC Diamond
The two parties will cooperate deeply on manned electric vertical take-off and landing (eVTOL) aircraft manufacturing. Additionally, at the Shenzhen Innovation Nanshan 2022 "Entrepreneurship Star" Competition finals, Zero Gravity won first prize in the advanced manufacturing startup team category.
BlueRun Ventures Robot Series Salon — Episode 1
Key insights from guests — Pursuing profitability has become a priority for startups; break through first with "value customers" who have strong willingness and ability to pay; experience in quickly building brand overseas: the "be-integrated strategy," primarily pushing standard products while letting overseas integrators and agents handle implementation and delivery; don't invest R&D in vague demands, but go deep in one industry... Read moreDespite COVID impacts, the robotics industry is trending positively overall, with increased deal sizes from major customers and explosive growth in demand from the new energy sector. BlueRun Ventures Industrial Technology Salon
Guest topics included — how to build next-generation industrial digital twin systems "infused with AI, physically accurate"; digital twin as model-based systems engineering (MBSOSE); applications of AI in industrial solvers. Additionally, five startup founders and CEOs shared applications of AI in materials R&D, generative design simulation, process simulation optimization, additive manufacturing, and practices in digital twins and collaborative intelligent manufacturing. BlueRun Ventures Portfolio Series — Episode 3
This episode focused on internationalization. Key insights included — the path overseas can start from Southeast Asia, then gradually expand to Europe, Japan, and the United States; building brand requires savvy use of KOLs, communities, and other resources, but don't blindly spend money on ineffective things; software companies need to calculate cost structures for different markets overseas; PLG (Product-Led Growth) is an effective way to accelerate product iteration... Read more
Zero2IPO 2022 China Equity Investment Annual Rankings
BlueRun Ventures was named 2022 "China's Best Early-Stage Investment Institution" and "China's Top 30 Early-Stage Investment Institutions (No. 1)"
BlueRun Ventures managing partner Jui Chan won 2022 "China's Best Early-Stage Investor" and "China's Top 10 Early-Stage Investors (No. 1)"
36Kr Annual Innovative Economy 10 Sectors List
BlueRun Ventures was selected as Top 20 Investment Institutions in "Digital Intelligence," "Dual Carbon and New Energy," and "Next-Generation Information Technology"
BlueRun Ventures managing partner Jui Chan was selected as Top 20 Investors in "New Materials and Synthetic Technology," "Dual Carbon and New Energy," "Cross-border and Globalization," and "Next-Generation Information Technology"
TMTpost 2022 Annual Pioneer List
BlueRun Ventures won six awards: 2022 "Top 20 Fundraising Pioneers," "Top 20 Investment Pioneers," "Top 20 Post-Investment Management Pioneers," "Top 10 Exit Pioneers," and Top 20 Investment Pioneers in enterprise services and healthcare.
Jiemian China's Top Venture Capital Institutions List
BlueRun Ventures was again named "2022 China's Top Venture Capital Institution"
Jazzyear 2022 China Technology Industry Investment List
BlueRun Ventures won "2022 China's Best Early-Stage Hard Tech Investment Institution TOP2"
BlueRun Ventures managing partner Jui Chan was selected "2022 Best Early-Stage Tech Hunter TOP20"
BlueRun Ventures portfolio companies TCab Tech (advanced manufacturing and high-end equipment), RapidsDB (data intelligence), CloudEnergy New Energy (carbon neutrality), and Songguo Travel (carbon neutrality) were each selected as Top 20 Most Commercially Promising Tech Enterprises in their respective sectors
21st Century Business Herald Sci-Tech and Manufacturing Investment Competitiveness List
BlueRun Ventures made "2021-2022 Top 10 Early-Stage Investment Institutions for Sci-Tech and Manufacturing Investment Competitiveness"
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Originating in Silicon Valley, BlueRun Ventures was established in 2005 as a venture capital firm focused on early-stage startups.
Currently, BlueRun Ventures manages multiple USD and RMB dual-currency funds in China, with assets under management exceeding RMB 15 billion, making it one of the largest early-stage funds domestically. The firm invests primarily at Pre-A and Series A stages, covering hard tech and innovative interaction, enterprise technology, new consumption, and healthcare. It has cumulatively invested in over 150 startups, including Li Auto, Waterdrop, QingCloud, Guazi Used Cars, Qudian, Songguo Travel, Ganji.com, Energy Monster, YTMicro, Machenike, Xingyun, Anxin Wangdun, BioMap, and others.
BlueRun Ventures has been named No. 1 in Zero2IPO Group's "China's Top 30 Early-Stage Investment Institutions" and ChinaVenture's "China's Best Early-Stage Venture Capital Institutions TOP30," and was recognized by Preqin as a Top 10 global venture capital fund manager for sustained high returns.
Additionally, BlueRun Ventures has repeatedly received honors from Forbes China, 36Kr, Cyzone, Caixin Media, CBNweekly, Jiemian, and other media institutions, including "China's Best Early-Stage Institution of the Year," "China's Top Venture Capital Institution," "Most Entrepreneurur-Friendly Early-Stage Institution of the Year," and "Most Influential Early-Stage Institution of the Year."