Vertex Ventures China

Vertex Ventures China (祥峰中国) is the China arm of Vertex Ventures, a Singapore-based fund founded in 1988 under Temasek and among Asia's earliest venture capital firms; it began operating in China with its first USD fund in 2008 and has since run five USD funds (roughly $100M up to $500M), two RMB funds, and an angel fund, with total AUM approaching RMB 20 billion as of a 2024 暗涌Waves profile . Its defining trait, in 暗涌's telling, is discipline: an early pivot from consumer internet to hard tech about a decade ago, modest check sizes (RMB 40–100M at A/B rounds, RMB 10–20M at angel), and restraint on fund size, which paid off in cases like battery maker SES—an early ~$20M A-round bet that IPO'd in the US in 2022 and returned roughly 100x—plus Horizon Robotics, Smicro Electronics, and Geek+ . Managing partners Tay Choon Chong (a former fighter-jet engineer with a Stanford EE master's) and Xia Zhijin (Tsinghua EE) embody its technical bent . Recent activity stays in that vein: it led MatriQ's angel round for neutral-atom quantum computing in early 2026 and followed on in later rounds, and co-invested in autonomous mining-truck startup Yimu Intelligence's angel round .