SDIC Meridian

SDIC Meridian (国投招商) is a state-backed investment fund positioned as "国家队" — the national team — in China's venture capital landscape, as 暗涌Waves described in its 2023 reporting on Sany Heavy Truck's financing . The fund appears alongside other state-connected investors like China Merchants Capital and has participated in multiple high-profile deals alongside top-tier private funds.

In the semiconductor space, SDIC Meridian led the Series C round for加特兰微电子 (Calterah), a mmWave radar chip company, with participation from朗玛峰创投, BOCOM International, and Huaxing Growth Capital in a financing reported by 峰瑞资本 in October 2021 . It also co-invested in安序源 (Axbio), a fourth-generation sequencing company, alongside 5Y Capital,康桥资本, and others in the company's nearly $100 million Series B round in mid-2022 .

The fund's investment pattern suggests a focus on hard technology and advanced manufacturing, often appearing as a co-lead or major participant in deals where its state backing provides strategic credibility alongside commercial investors.