HSG
Venture capital · Hong Kong, Hong Kong · Asia Pacific
HSG is a venture capital and private equity firm that invests globally across technology, healthcare, and consumer sectors. It manages funds for institutional investors and invests across seed, venture, growth, buyout, infrastructure, and public equities.
Invests inAI & Machine Learning
In its own wordstechnologyhealthcareconsumergrowthbuyoutinfrastructure
Your fit with HSG
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsHSG lists 102 checked portfolio companies on its own site and is named in 33 funding rounds, 6 of them as lead. Its most frequent entry is Seed, 31% of the companies with a known first round. Its largest themes are AI & Machine Learning (19%), Healthcare & Biotech (15%) and Consumer (13%). 39% of its companies are based in China. It invests most often alongside Capital Today, IDG Capital and 5Y Capital.
Counts come from funding rounds that name HSG, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not HSG's whole history. Rounds on record name 33 companies; its own site lists 102. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 31% |
| Series A | 13% |
| Series B | 28% |
| Growth | 28% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 9 | 1 |
| '26 | 24 | 5 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 96th | 102 companies |
| Recent activity | 99th | 28 rounds in 12 months |
| Early stage | 61th | 31% of entries at pre-seed or seed |
| Evidence | 69th | 7% of companies confirmed by a round |
| Sector focus | 12th | 19% in its largest sector |
| Reach | 99th | 17 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 19% | 18% |
| Healthcare & Biotech | 15% | 15% |
| Consumer | 13% | 3% |
| E-commerce & Marketplaces | 11% | 6% |
| Enterprise Software | 9% | 8% |
| Fintech | 7% | 12% |
| Industrial & Manufacturing | 5% | 7% |
| Robotics & Hardware | 5% | 1% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Capital Today | 8 |
| IDG Capital | 8 |
| 5Y Capital | 7 |
| SoftBank Vision Fund | 7 |
| Qiming Venture Partners | 6 |
| Galdana Ventures | 5 |
| Sky9 Capital | 5 |
| Alanda Capital | 4 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers10199%
- No longer answers00%
- Points to another company11%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare HSG head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with HSG| Date | Company | Stage |
|---|---|---|
| 6 Nov 2026 | Series C+ | |
| 8 Oct 2026 | Series C+ | |
| 22 Sept 2026 | Seed Led | |
| 14 Sept 2026 | Series C+ | |
| 9 Sept 2026 | Seed | |
| 1 Sept 2026 | Seed | |
| 28 Aug 2026 | Series C+ | |
| 18 May 2026 | Series C+ |
Round details for HSG
Amounts, full round histories and every co-investor in HSG's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
102 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| AbelZeta Pharma is a cell therapy leader focused on discovering, developing and manufacturing therapeutics to address unmet medical needs across hematologic malignancies, inflammatory and immunological diseases and solid tumors. | Healthcare & Biotech | Portfolio page | ||
| AGIBOT develops and manufactures robots, including general-purpose embodied robots and robotic arms with various intelligent functions. | Robotics & Hardware | Portfolio page | ||
| The company develops and manufactures various types of robots, including industrial robots, service robots, and robotic arms, for applications in industries such as manufacturing, healthcare, and education. | Robotics & HardwareAI & Machine Learning | Portfolio page | ||
| Airwallex provides financial services and products for businesses, including multi-currency accounts, international transfers, and payment acceptance. | FintechE-commerce & Marketplaces | Portfolio page | ||
| Alibaba Group operates e-commerce platforms, including Tmall, and provides AI-powered tools for merchants and consumers. | E-commerce & MarketplacesAI & Machine Learning | Portfolio page | ||
| Amer Sports is a global group of the world’s most recognized and respected sports and outdoor brands. | Consumer | Portfolio page | ||
| The company sells clothing and accessories online. | Consumer | Portfolio page | ||
| The company is dedicated to the identification, development and commercialization of differentiated medicines to address the unmet medical needs of patients with difficult-to-treat diseases, beginning with cancers. | Healthcare & Biotech | Portfolio page | ||
| The company organizes and promotes college basketball games and tournaments in Asia. | Enterprise SoftwareEnterprise Software | Apr 2026Series A | Funding round | |
| Babycare sells baby essentials, including clothing, toys, and nursery items. | Consumer | Portfolio page | ||
| The company develops and applies non-invasive brain-computer interface technology using low-intensity focused ultrasound. | Healthcare & BiotechAI & Machine Learning | Sept 2026Seed | Funding round | |
| Beam Therapeutics is a company that develops precision genetic medicines using base editing technology | Healthcare & Biotech | Portfolio page | ||
| The company sells bitcoin miners and other related products. | Crypto & Web3AI & Machine Learning | Portfolio page | ||
| The company operates a job search and recruitment platform. | Human ResourcesEducation | Portfolio page | ||
| Bota develops and manufactures AI note-taking devices that capture conversations and provide context for AI products and workflows. | AI & Machine LearningConsumer | Portfolio page | ||
| The company develops and markets skin care products based on botanical science and plant-based ingredients. | Healthcare & Biotech | Portfolio page | ||
| BYD is a company that operates in the fields of automobiles, electronics, new energy, and rail transit, providing various products and solutions to global customers. | Industrial & ManufacturingConsumer | Portfolio page | ||
| ByteDance develops products and services that empower people and organizations to create, connect and discover, and enable businesses to enhance productivity and efficiency. | AI & Machine LearningMedia & Entertainment | Portfolio page | ||
| Portfolio page | ||||
| The company produces and sells sparkling refreshers with Asian-inspired flavors. | Food & Agriculture | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- hsgcap.com
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 1 Jul 2025
- Companies checked
- 102
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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