Linear Capital Annual Meeting Rebound 2023: Back Offline After Four Years, We Continue to Firmly Support China's Tech Innovation

On May 13–14, Linear Capital held its 2023 annual meeting in Shanghai. This marked our return to an in-person gathering for the first time since the 2019 "AI Industrialization" summit — after three years of virtual events in 2020, 2021, and 2022, we finally brought together over 200 limited partners, portfolio company founders, and partners for face-to-face conversations.

(Group photo)

(Shanghai Vice Mayor Xie Dong attended to hear presentations from Linear Capital and portfolio companies, experiencing firsthand the power of frontier technology innovation)

The event spanned two days: Day one focused on review and exchange under the theme "Rebound 2023," while day two featured site visits to three portfolio company offices and labs.

In his opening keynote, Harry Wang, Founding Partner and CEO of Linear Capital, explained that this year's theme, Rebound, carried a clear message. The three-year pandemic had posed challenges to our work, with 2022 proving especially difficult. But Linear had consistently adapted short-term plans while holding firm to its long-term vision. Compared to when we last held an in-person annual meeting in 2019, our team had grown from 11 to 23 people, our partner count from one to three, we'd moved into new offices, and our assets under management had expanded from roughly $500 million to around $2 billion. The number of companies in our portfolio valued above $500 million and our unicorn count had both doubled.

(Harry's opening keynote)

Following the opening, founders and CEOs from Linear portfolio companies Whale, Tiamat, and Agile Robots took the stage to present their companies' progress and innovations in technology and application.

(Whale founder and CEO Yesheng Huan)

(Tiamat founder and CEO Yuwei Mao)

(Agile Robots founder and CEO Zhaopeng Chen)

In the afternoon, Can Zheng, Managing Director at Linear Capital, moderated a panel on AIGC opportunities in China with Fan Ling, founder and CEO of Tezign; Qi Su, VP at Kujiale; Fangbo Tao, founder and CEO of Mindverse; Hengkui Wu, founder and CEO of Chaoduicheng; and Yuwei Mao, founder and CEO of Tiamat.

Songyan Huang, Partner at Linear Capital, led another panel on opportunities and prospects for overseas-returned tech entrepreneurs with Yang Ji, founder and CEO of Aosognar; Changyin Zhou, founder and CEO of SeeReal; and Ye Ding, founder and CEO of Yrobot.

To close day one, Harry Wang, Founding Partner and CEO of Linear Capital, summarized development trends in frontier innovation for 2023 and laid out Linear's perspective, emphasizing our continued commitment to supporting Chinese technology innovation with focused investment in AIGC/DaaS/AGI, new energy and new materials, robotics, and innovative biopharmaceuticals.

On day two, we invited attendees to visit the offices and labs of Tezign, Weijian Technology, and Agile Robots, experiencing firsthand how technological innovation is being applied in content marketing, construction, and robotic operations.

(Tezign founder and CEO Fan Ling demonstrating for guests and sharing how Tezign and Linear first connected)

(Visiting the Weijian Technology lab to see their plastering robot in action)

(Agile Robots factory floor)

About Linear Capital

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Linear Capital is an early-stage investment firm focused on "frontier technology + industry," targeting frontier technologies such as data intelligence, digital new infrastructure, next-generation robotics, and technological transformation in traditional sectors (including biotech, materials, and energy), and applying them across vertical industries to dramatically improve efficiency, solve critical pain points, and enable industrial upgrading — generating outsized commercial returns through substantial industrial value creation. We currently manage ten funds with total assets under management of approximately $2 billion.

Our investment stage focuses primarily on leading angel to Series A rounds, with typical check sizes of $3–8 million or RMB equivalent.

We have made early-stage investments in over 120 teams including Horizon Robotics, Kujiale, 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 goal of evolving into the most influential Frontier Technology Application Fund.