Shanghai Zhangjiang Science & Technology Venture Capital Co., Ltd

Shanghai Zhangjiang Science & Technology Venture Capital Co., Ltd (张江科投) is a state-linked venture capital fund based in Shanghai's Zhangjiang Hi-Tech Park, operating as a co-investor alongside both market-driven VCs and government guidance funds. Per a 2025 暗涌Waves survey of state capital, it sits within a broader ecosystem where Shanghai's angel investment guidance fund—established in 2014 under the municipal NDRC—had reached 3.5 billion RMB in scale and backed over 140 sub-funds by October 2024 .

In deal flow, Zhangjiang VC has appeared as a co-investor in growth-stage tech rounds: it joined the 250 million RMB Series A of edge-cloud provider PPIO in 2022 alongside BlueRun Ventures, Panlin Capital and CCV , and participated in a 2025 follow-on round for optical computing startup LightStandard led by Dunhong Asset, with other state funds like Pudong Sci-Tech Angel Fund also in the syndicate . It has also co-hosted founder-oriented events with Yunqi Capital, signaling active ecosystem-building in the Zhangjiang science corridor .

The fund's positioning appears to bridge industrial capital and early-stage innovation—typical of Shanghai's state-backed VC architecture—though elsewhere's corpus does not carry a detailed standalone profile of its AUM, vintage or full team.