Linear Capital Wins 36Kr's "Most LP-Recognized Early-Stage Investment Firm"
On September 21, 36Kr hosted the 2022 "China Fund Partners Summit" in Hangzhou, where 36Kr Research Institute released its LP-GP survey series — now in its fourth consecutive year, dedicated to identifying noteworthy investment institutions and their backers in the market. **In the "White Horse / Dark Horse" series, Linear Capital was named the 2022 "Most LP-Recognized Early-Stage Investment Firm in China."**
On September 21, 36Kr held the 2022 "China Fund Partners Summit" in Hangzhou, where 36Kr Research Institute released its LP-GP survey series — now in its fourth consecutive year, dedicated to identifying noteworthy investment institutions and their backers in the market. In the "White Horse / Dark Horse" series, Linear Capital was named 2022 "Most LP-Recognized Early-Stage Investment Institution in China."

In its announcement, 36Kr noted: The White Horse / Dark Horse series serves as our window into observing market shifts and identifying standouts amid changing cycles. In this challenging environment, we believe LPs will sharpen their discernment to discover quality GPs capable of delivering outsized returns. According to the survey, established "white horse" institutions such as HSG, Qiming Venture Partners, and BlueRun Ventures received LP endorsements "with their feet" — raising $9 billion, $2.5 billion / RMB 4.7 billion, and RMB 5.5 billion in dual-currency funds respectively in the first half of this year. Meanwhile, "dark horse" GPs that have gone deep into vertical sectors and built thorough positions have also become trustworthy partners for LPs and symbols of resilient ascent. Based on this, the rankings continued to evaluate fundraising, investing, portfolio management, and exits, extensively collecting and surveying LP opinions — with added emphasis on GP fundraising performance given this year's market conditions, to produce the final composite scores for white horse and dark horse institutions. To view the complete rankings from 36Kr, please click "Read More."
About Linear Capital
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Linear Capital is a specialized investment firm focused on "Data Intelligence" and "Frontier Technology."
Linear Capital currently manages ten funds with approximately $2 billion in total assets under management.
We focus on early-stage opportunities in "Data Application," "Data Infrastructure," and "Frontier Technology" applications. Our investment stage ranges from angel to Series A lead, with typical check sizes of $3–8 million or RMB equivalent.
To date, we have made early investments in over 120 startup teams including Horizon Robotics ($3B), Tongdun (>$1B), Kujiale (>$1B), Sensors Data, Tezign, Rokid, Guandata, and Agile Robots. The combined valuation of Linear's portfolio companies is approximately $20 billion.
In the near term, Linear Capital is working to become the premier "Data Intelligence Technology Fund," with a long-term vision of evolving into the most influential "Frontier Technology Application Fund."