Hillhouse
高瓴
elsewhere's corpus does not cover Hillhouse as a subject. The name appears only in passing — a 2024 暗涌Waves piece quotes Hillhouse founder Zhang Lei from a 2017 commencement speech ("选择做时间的朋友。Think big,think long") — but there is no profile of the firm itself in the retrieved material.
AI-generated — may contain errors, please verify.
Coverage
Liblib, what's your dream?
Here's to hoping we can keep winning.
elsewhere别处发生·The Unforgettable Series C Funding of Moonshot AI
A stroke of genius.
elsewhere别处发生·5Y News | Oula Wanxiang Raises Hundreds of Millions of RMB to Build "Raise-Your-Own" Home Embodied Intelligence Robots
Closed several rounds of financing within two months.
五源资本·"Boundless Dynamics" Closes New Funding Round, Signs Over 500 Million Global Order with Envision Group | Linear Portfolio
The first nine-figure RMB overseas order for embodied manipulation intelligence.
线性资本·"Tashi Intelligent Navigation" Raises $455 Million in Pre-A Round, Linear Capital Continues to Back Through Three Consecutive Rounds Since Seed Stage | Linear Portfolio
China's embodied intelligence sector has set two all-time fundraising records simultaneously.
线性资本·Yunqi Capital Backs CREAO AI's Pre-A Round with Tens of Millions of Dollars to Rebuild the Work Entry Point with Agent OS | Yunqi Portfolio
Betting on a Better Cycle
云启资本·Yunqi Capital angel-round project "Nova Fusion" has raised a total of 1.2 billion yuan, setting a record for early-stage funding in private-sector fusion energy
Targeting the Global First Tier for Commercialized Fusion Energy
云启资本·"Octopus Power" Secures Hundreds of Millions in Funding Led by Top Singapore VC K3, with Linear Capital Continuing to Invest | Linear Portfolio
Lay a more solid foundation for the go-global strategy.
线性资本·Nova Fusion Closes Massive 700 Million Yuan Angel+ Round, Aiming for the Global First Tier of Commercial Fusion
Fusion for AI & Beyond
高榕创投·5Y News | D-Robotics Closes $150 Million Series B2 Round
The company's total Series B funding has reached $270 million.
五源资本·"D-Robotics" Raises Another $150 Million, Linear Capital Continues Backing Every Round | Linear Portfolio
Annual shipments surged 180% year over year.
线性资本·AI Unicorn Factory
Script, catfish, loop, rainmaker, role model, results.
elsewhere别处发生·5Y News | Syneron Bio Closes $150 Million Series B Round
Syneron Bio today announced the completion of its Series B funding round.
五源资本·China's "Native" NEO Lab Takes On World Models, Backed by Hillhouse Capital and Peking University-Affiliated Funds in Multi-Million-Dollar Round
The "Final Stop" for AGI.
暗涌Waves·5Y News | Helixon Therapeutics Closes $787 Million Financing Round, Setting New 2026 Biotech Fundraising Record
DeepSeek, regarded as a biotech company.
五源资本·Space Startup "Astrostone" Closes Pre-A+ Round as Its "Space Android" Takes Shape | Yunqi Capital
Yunqi Capital continues to increase its stake
云启资本·Helixon Raises $787 Million, Setting a New Global Record for Biotech Fundraising This Year
Accelerating the transformation of AI innovations into potentially transformative medicines.
高榕创投·"Octopus Power" Closes Nearly $50 Million Series A, Co-Led by Linear Capital and Others | Linear Portfolio
Building a sustainable, self-evolving embodied-intelligent productive force.
线性资本·Wobrain Medical Completes Strategic Funding Round to Accelerate Global Expansion in Neurovascular Medical Technology
Completed a strategic merger to accelerate global expansion.
高榕创投·5Y News|D-Robotics Closes $120 Million Series B1 Funding Round
D-Robotics announced it recently completed a $120 million Series B1 funding round.
五源资本·"D-Robotics Closes $120 Million Series B1 Round, Linear Capital Continues to Add to Its Stake | Linear Portfolio"
Accelerating the development of an embodied-AI-native technology foundation.
线性资本·Xpeng AeroHT Raises Nearly $200 Million, Advances Flying Car Toward Commercial Mass Production
A global leader in low-altitude product innovation.
高榕创投·Sp.02 | A Conversation with Master Dong: The Untold Stories Behind 20 Years of Chinese Venture Capital
elsewhere别处发生·A Sidebar Conversation with Master Dong on 20 Years of Chinese Venture Capital
Happy New Year!
elsewhere别处发生·Three "Tech Guys" Valentine's Day Gift: Early-Stage Portfolio Company Manycore Tech Completes Filing for Hong Kong IPO | Yunqi Capital
Race to become the "first global spatial intelligence stock"
云启资本·"Boundless Dynamics" Raises Hundreds of Millions of RMB in Angel+ Round, with Linear Capital, HSG, Hillhouse and Others Continuing to Back | Linear Portfolio
Our first-generation self-developed robotics platform has already been deployed in real-world customer scenarios.
线性资本·Spring has arrived — can blossoms be far behind? | Linear Quarterly
Rather than waiting for spring, define it.
线性资本·Using AI for In-Depth User Interviews, Backed by Lanchi Ventures, Hillhouse Capital, and Wang Huiwen
AI may not be great at companionship for a lifetime, but it can nail a one-hour interview.
暗涌Waves·In Sync with OpenAI, "Deep Principle" Leads 24 Top Global Institutions in Releasing LLMs for Science Benchmark | Linear Portfolio
Can high scores on test banks actually power scientific discovery?
线性资本·The Fundraising Stories of China's "Six Little Tigers": Six Paths, Six Lives
If Kimi ever goes public, will the bell-ringing photo look very different?
elsewhere别处发生·PhotonPay Secures Tens of Millions of Dollars in Series B Funding Led by IDG Capital
What Will the Next-Generation Value Network Look Like?
暗涌Waves·Sp.01 | Debriefing China's Primary Market in 2025 (Ft. Crossroads)
elsewhere别处发生·Allen Zhu invested in a Vibe Workflow company
"Coze for Dummies"
暗涌Waves·Exclusive | Airwallex Raises Another $330 Million, Hits $8 Billion Valuation Today
The Saved and the Saved.
暗涌Waves·I think the sun will shine bright tomorrow morning | Opening Remarks
Maybe wrong, always fun.
elsewhere别处发生·"Dealism" Closes Angel Round of Over 100 Million Yuan Led by Hillhouse, with HSG and Linear Capital Participating | Linear Portfolio
The world's first Vibe Selling AI Agent company.
线性资本·Hillhouse Capital and Hongshan Co-Invest in a Sales Agent Startup Going Global
Former Youzan COO Launches New Venture
暗涌Waves·"Boundless Dynamics" Closes 300 Million Yuan Series A, Co-Led by HSG and Linear Capital | Linear Portfolio
Focus on the R&D and iteration of foundation models driven by high-value scenarios.
线性资本·Starbucks China Sale Enters Final Round | Mega M&A
Far from the end.
暗涌Waves·"ShiningSoul" has raised several hundred million RMB in its Series A funding round, with Gaorong Ventures participating in the investment.
Define the next-generation TCG ecosystem.
高榕创投·"Grainite" Closes Series B3 Round to Accelerate AI-Native 3D Graphics Engine R&D | Linear Portfolio
Advancing the AI transformation of 3D engines and their deployment in automotive and industry-specific scenarios.
线性资本·Ten Years of Entrepreneurship: The Stories of People Coming and Going in Kai Yu's Eyes at Horizon Robotics | Linear Voice
The only way to change the script is to change yourself.
线性资本·The Only AI4S Company Invited Worldwide, "Deep Principle" Attends Davos Summer Forum Panel Discussion | Linear Portfolio
and was selected as a Technology Pioneer by the World Economic Forum at Davos in 2025.
线性资本·Linear Capital's Can Zheng: The Hype Is Just a Surface — Opportunity Belongs to Teams With Conviction and Execution | Linear View
Focus on the power of obsession and execution.
线性资本·The Answer Isn't on the Old Map | 5Y News Monthly
The big news from last month.
五源资本·5Y News | D-Robotics Closes $100 Million Series A to Accelerate Embodied AI Ecosystem Buildout
Accelerating the intelligent evolution of robots.
五源资本·Deebot Robotics Closes $100 Million Series A, Monolith Co-Leads
The "Common Choice" of Robot Developers Worldwide
Monolith砺思资本·"D-Robotics Closes $100 Million Series A to Accelerate Embodied Intelligence Ecosystem Build-Out | Linear Portfolio"
From Horizon Robotics' earliest backer to Digua's earliest backer.
线性资本·Embodied intelligence startup Tashi Intelligent Navigation announced a $120 million angel funding round, continuing to push the boundaries of physical-world intelligence.
Exploring the unlimited potential of embodied intelligence.
线性资本·Linear Capital's seed-round lead portfolio company Deep Principle has closed a nine-figure RMB Pre-A strategic financing round, with existing investor Linear Capital increasing its stake.
Leading the AI4S Track, Igniting an Intelligent Revolution in the Microscopic World
线性资本·The Only Funding Round Mixue Bingcheng Ever Took: The Fortune of Being Chosen
"Different Money"
暗涌Waves·Hongshan Enters the Fray: Is the Global M&A Wave Really Here?
Hongshan, beyond China.
暗涌Waves·Year-end good news: CDH Investments has raised 5 billion yuan for logistics investments.
Insurance capital is turning its attention to real estate investments.
暗涌Waves·Countless Lies About M&A in China, and One Truth
All we hear are footsteps on the stairs, but no one ever comes down.
暗涌Waves·China's USD Funds Won't Disappear
Live long enough to long China.
暗涌Waves·Hillhouse Capital Raises 3 Billion Yuan "Anti-Risk" Fund, a New Way to Win Back LPs
Seeking outsized yet steady returns.
暗涌Waves·A Scientist's Attempt to Become a Better CEO | WAVES
Starting another company.
暗涌Waves·10 Facts About 1,000 Chinese Billionaires
The currents of the era, all contained within the sequence.
暗涌Waves·Who Is Horizon Robotics' Most Important Investor?
Got it?
暗涌Waves·Linear Capital seed-stage portfolio company Deep Principle, an AI-driven chemistry and materials science enterprise, has completed a seed+ round with an exclusive investment from Hillhouse.
AI Reshapes the R&D Process for Novel Chemical Materials
线性资本·We invested in large language models, AI applications, and embodied intelligence, but BlueRun Ventures still feels it hasn't FOMO'd hard enough.
The more optimistic doers.
暗涌Waves·Exclusive | Actually, DST Bought Xiaohongshu Secondary Shares
Mega funds still making deals.
暗涌Waves·Minimax's Yan Junjie in Conversation with Huang Mingming: AGI, There's Only One Path — the Hardest One
A Conversation on Non-Consensus and Long-Term Optimal Solutions
暗涌Waves·China's LLM Funding War: The Quick Death of Romance
Do the investors regret it?
暗涌Waves·Goodbye to a Decade of Venture Capital | Waves' Second Anniversary
Keep moving forward. Don't look back.
暗涌Waves·Investors Trapped in Repurchase Agreements
A dead-end loop.
暗涌Waves·Two Masterstrokes in NIO's Fundraising History
There is no successful fundraising, only fundraising of the times.
暗涌Waves·Money, Contradictions, and ESG
*Who Cares Wins*
暗涌Waves·DPI > 1 — it's a magic spell.
Before taking responsibility for a new world, GPs must first answer to their LPs.
暗涌Waves·Southeast Asia Investment Finally Has a Success Story
A Resolute Choice
暗涌Waves·Is investor Zhang Yong someone to watch?
The revelry has ended.
暗涌Waves·Linear Capital early-stage portfolio company **Gritworld** announced the completion of its Series B2 funding round, led by **BYD**.
Exploring how 3D graphics engine technology is pushing the new frontiers of consumer-end graphics.
线性资本·Linear Capital Portfolio Company DigiSight Ophthalmic Surgery Robot Completes Asia's First Clinical Application of Ophthalmic Robotics
Recently, portfolio company of Linear Capital **Hangzhou Disight Medical Biotechnology Co., Ltd.** successfully completed its first retinal sub-thrombolysis surgery for treating macular hemorrhage using its **"Disight MicroEdge"** ophthalmic surgical robot at Zhejiang Provincial People's Hospital. The procedure was safe and smooth, the patient recovered well, and has since been discharged in stable condition. This marks the first clinical application of an ophthalmic robot in Asia, representing a major technological advance for the entire field of ophthalmic microsurgery.
线性资本·Exclusive | The General-Purpose LLM Startup Wave: The First Battle Is About to End
Contestants, take your positions.
暗涌Waves·Hongshan Seed Deploys Another $480 Million, Early-Stage Investing Is About to Get Even More Crowded
What Should Seed Investing Look Like in a New Cycle?
暗涌Waves·Microsurgical robotics platform "Digisight Medical" raises tens of millions of RMB in Pre-A funding led by Linear Capital | Linear News
Dongli Network has learned that **Dishi Medical recently completed a Pre-A round of financing worth tens of millions of RMB, led by Linear Capital with Hillhouse as a co-investor.** The funds from this round will be used primarily to accelerate NMPA Class III medical device registration for its ophthalmic surgical robot, advance R&D on product lines including microsurgical robots, and expand the team.
线性资本·Hesai Group surged 10% in its IPO — a promising start to 2023
Get moving!
暗涌Waves·Three Barometers for the Primary Market, for Your Reference
The bilateral order of the primary market is being restructured on both sides.
暗涌Waves·We Analyzed 1,000 LP Commitments and Found 30 Hidden Top Family Offices
They are also a microcosm of China's commercial evolution.
暗涌Waves·The Hidden Depths of the Primary Market
If a perfect deal is one where everyone wins, then in an S deal, that may never be possible.
暗涌Waves·The unthinkable is precisely what can be thought. | 5Y News Monthly
The big news from last month.
五源资本·5Y News | 5Y Capital Portfolio Company Zilliz Closes $60 Million Series B+ Round
Further empowering enterprise AI applications.
五源资本·Harry Wang on Linear Capital: Lessons from Transitioning from Tech to Investing
A while back, Harry Wang, founder and CEO of Linear Capital, was invited to an online sharing event co-hosted by the Harvard Venture Capital Club and MIT Chinese Entrepreneurs Organization (MIT CEO). At the event, Harry shared his journey from engineer to investor,
线性资本·On the first day of August, we spoke with 23 investors about "confidence."
And, what are the things that are hard but right, and what are the things that are hard but wrong.
暗涌Waves·Buyouts in China: A "Boy Who Cried Wolf" Fable
After so many cycles of euphoria and heartbreak, will Chinese buyouts finally deliver a different ending this time?
暗涌Waves·Wire | ExoMotus Unveils World's First Muscle Exosuit: Lightweight, Smart-Customized, and Clinically Validated for Precision Assistance
"Today, Fourier Intelligence is redefining the wearable rehabilitation robot."
线性资本·Robots, AI, and Simulation Technologies Accelerate Industrial Adoption | Rongbao · June
Technology drives industrial transformation.
高榕创投·July: Seeking Vast Possibilities | 5Y News Monthly
The big news from last month.
五源资本·5Y News | Helixon Pharma Closes Nearly 500 Million Yuan Series A to Deepen AI-Powered Drug Discovery
Building a life-science platform powered by artificial intelligence.
五源资本·Linear Capital News | Linear Capital-led Pre-A round portfolio company "Akenong" announces over 100 million RMB funding round, with Linear Capital continuing to increase its support
On June 23, 2022, Aicron, China's first smart crop cultivation decision-making service provider, announced the completion of two consecutive funding rounds — a Series A and a Series A+ — totaling over RMB 100 million. The Series A was led by Source Code Capital, while the Series A+ was jointly led by IDG Capital and Hillhouse. Linear Capital and Bits x Bites participated in both rounds as co-investors.
线性资本·Helixon Closes Nearly RMB 500 Million Series A Round, AI-Powered Large-Molecule Drug Discovery
We've developed a suite of groundbreaking algorithms for protein drug design and modeling.
高榕创投·A Conversation with Moody Ciran: Turning Some People's Obsession Into More People's Affection
The Contemporary Entrepreneur in the Cracks.
暗涌Waves·Style3D Completes Nearly $100 Million Pre-B+ Round to Build Digital Fashion Infrastructure
Building out new digital infrastructure and accelerating overseas expansion.
高榕创投·Three Funding Rounds in One Year: This "Crossover" Graphics Engine Is Hot in VC Circles
For Particle World, Wu Xiaomao has an ambition: to become a world-class company. By AI Planet (ID: ai_xingqiu) Author: Sun Yuan
线性资本·The New Era of Going Global: Chinese Founders Conquering the World
Today, virtually no Chinese company doesn't aspire to go global — or, put another way, to become a truly global company.
暗涌Waves·Spring Comes Quietly to Guomao
For China's investment industry at this moment, the eerily quiet Guomao feels like a metaphor.
暗涌Waves·Multiple cutting-edge technologies lead globally — 3D interaction, LiDAR, chips, and medical innovation continue apace | Rongbao · March
Keep learning and evolving through the long cycle of sustained innovation.
高榕创投·April: Imagination Is the Courage with Which We Face the World | 5Y News Monthly
The big news from last month.
五源资本·5Y News | XVERSE Completes $120 Million Funding Round
Define your world.
五源资本·XVERSE Raises $120 Million to Build Next-Generation One-Stop Platform for 3D Content Production and Consumption
Everyone is free to "define your world."
高榕创投·Securing Hundreds of Millions of Yuan in Pre-A Funding, How Westlake Omics Builds the AlphaFold of Proteomics | Gaorong "Future"
Deciphering the mathematical laws of the microscopic protein world to enable proteomics-based precision medicine.
高榕创投·December, Everything Within Reach | 5Y News Monthly
The big news from last month.
五源资本·November: Foresight and Boundless Imagination | 5Y News Monthly
The big news from last month.
五源资本·5Y News | Corporate Interactive Learning Platform UMU Closes Series C3 Funding Round of Several Hundred Million RMB
Redefining SaaS for the Internet Era.
五源资本·5Y News | Xpeng Motors announces completion of over $500 million Series A funding round
This marks the largest single funding round to date in Asia's low-altitude manned aircraft sector.
五源资本·As Fierce as August | 5Y News Monthly
The big news from last month.
五源资本·Xiaoice Closes Series A Funding Round, Li Di: AI Beings Will Be Everywhere in the Future | 5Y News
Unveiled super-natural speech synthesis technology — AI now comes infinitely closer to the sound of a real human voice.
五源资本·5Y News | After Raising Hundreds of Millions in Three Consecutive Rounds, "Yahaha" to Build Real-Time Digital Entertainment UGC Platform
A no-code, multiplayer interactive entertainment creation platform for global users.
五源资本·Qitan Tech Raises Over 400 Million Yuan in Series B, Leading the Nanopore Gene Sequencer Race
China's first fully self-developed nanopore gene sequencer is slated for mass production later this year.
高榕创投·The past has become the future, the future has become the past, and both have become the present | 5Y News Monthly
What major events happened last month?
五源资本·XinYaohui, a leading chip IP company, has raised over 500 million yuan in its Series A round, led by Gaorong Ventures.
Empowering China's integrated circuit industry upgrade through innovative IP technologies.
高榕创投·Xinhuazhang announced the completion of a Pre-B funding round exceeding 400 million yuan, and will soon release the first-phase research results of EDA 2.0
Boost the overall efficiency of the integrated circuit industry chain to fully underpin future digital development.
高榕创投·Enterprise interactive learning platform UMU announced the completion of a Series C2 financing round worth over 100 million yuan, with 5Y Capital as the investor | 5Y News
Help companies transform performance and productivity through learning.
五源资本·To Better Kick Off March | 5Y News Monthly
The major events of February.
五源资本·Chip IP Company XinYaohui Closes Angel and Pre-A Rounds Totaling Over 400 Million Yuan | 5Y News
Accelerate chip innovation.
五源资本·XinYaohui Closes Two Rounds Raising Over 400 Million Yuan to Develop Advanced-Process Chip IP and Accelerate Chip Innovation
Developing advanced-process chip IP products and solutions through independent R&D, bringing new luster to China's semiconductor industry.
高榕创投·"Vika.cn Vika" Closes Two Rounds Totaling Over $10 Million in Funding, Chen Peilin: Giving 1 Billion People IT Capabilities | 5Y News
"High-code" new-generation digital business systems — giving IT capabilities to a billion people.
五源资本·Xinhuazhang, an EDA company, announced the completion of its Series A+ funding round to accelerate R&D progress on EDA 2.0.
Building EDA 2.0 technology for a digital society, defining an intelligent future from the chip up.
高榕创投·5Y News|Keep Closes $360 Million Series F Round, 5Y Capital Continues Backing
Exercise is just a Keep moment.
五源资本·Gaorong Bulletin · December | Multiple Gaorong Ventures Portfolio Companies Secure New Funding in Chips, Robotics, AI Drug Discovery, New Brands, and Other Sectors
Stepping into 2021.
高榕创投·5Y News|Horizon Robotics Plans to Raise Over $700 Million in Series C, Completes C1 Tranche
Horizon Robotics announced the completion of its Series C1 funding round, with continued backing from 5Y Capital.
五源资本·5Y News|Deepexi Completes $40 Million Series A4 Round
Deepexi raised $40 million in its Series A4 round. We talked about why organizational building matters.
五源资本·5Y News | EDA Technology Breakthrough Xinhuazhang Announces Completion of Series A Funding, Fully Deploying R&D for EDA 2.0
We believe the window of opportunity for new startups has arrived in the EDA space, one of the core platforms in the semiconductor industry.
五源资本·5Y News|Zilliz Raises $43 Million, Setting New Global Record for Series B in Open-Source Infrastructure Software
Zilliz announced the completion of a $43 million Series B funding round, with continued support from 5Y Capital.
五源资本·Morningside-backed LifeTech Scientific raises over RMB 1.2 billion in new funding round | Light Moments
China's new drug R&D is undergoing a "Cambrian explosion." The industry's underlying infrastructure for pharmaceutical innovation is one of the core sectors we're tracking in healthcare.
五源资本·Kaikela Secures $550 Million Independent Financing, Leading the New Vocational Education Track --- Kaikela has raised 550 million yuan in independent financing, positioning itself at the forefront of the new vocational education sector.
Dedicated to cultivating digital talent for the new infrastructure era, leading the charge in modern vocational education.
高榕创投·General-Purpose Intelligent Chip Designer Biren Technology Completes Major Pre-B Round Financing
Dedicated to achieving breakthroughs in domestically produced high-end general-purpose AI computing chips.
高榕创投·From Enterprise Services to Industrial Upgrading: One of the Most Important Directions for the Next Five Years | Ronghui
Using enterprise services as a foundation to identify breakthroughs in industrial upgrading will give rise to a large number of outstanding companies.
高榕创投·Gan Jiawei: To B Sales Must Return to Fundamentals, Stop the "Mystery Power Dependency" | Ronghui
"A lot of methods aren't things others don't know — it's just that you're more persistent and more deliberate than they are."
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