Strategy
Geographies
Bay Area
Funds
2| Fund | Vintage | Size | Strategy | Stage | Status |
|---|---|---|---|---|---|
| IDG Capital Fund III | 2015 | $120M | — | — | closed As of 2015Value Add VC funds tracker |
| IDG Capital Fund III | 2014 | $65M | — | — | closed As of 2014Value Add VC funds tracker |
Portfolio
3 totalSector / Stage Activity
By sector (portfolio)
Robotics
1 · 33%
AI infra
1 · 33%
Consumer
1 · 33%
Co-Investors
12Latest Pulse
- Aug 24, 2026XPeng's Robotics Unit Raises $900M at $6.3B ValueXPeng Robotics raised over $900 million in its first external funding round, valuing the humanoid-robot unit at more than $6.3 billion, backed by IDG Capital, Alibaba and Tencent ahead of planned IRON robot mass production by year-end.→
- Aug 24, 2026XPeng Robotics Raises $900M+ at $6.3B ValuationXPeng's robotics unit raised more than $900 million at a $6.3 billion post-money valuation, the largest single-round private raise in China's embodied-AI industry, led by IDG Capital with Tencent and Alibaba as strategic backers.→
- Jun 16, 2026DeepSeek Raises $7.4B -- Becomes China's Most Valuable AI Startup at $50B+DeepSeek closed a $7.4B round backed by Tencent, CATL, JD.com, NetEase and IDG Capital, vaulting past a $50B valuation to become China's most valuable AI startup. The raise is a direct answer to the US frontier labs and a statement that the model race is now a two-superpower contest.→
Sources & methodologyshow
Where these figures come from
- Value Add VC funds trackerValue Add VC data2 facts
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.