Technological Enterprise Services

Gaorong Capital's portfolio company, MP Technology, a developer of new power semiconductor devices, completed hundreds of millions of yuan in a Series D round of  financing, led by China Life PE Investment. Other investors included TCL Venture Capital, CICV Capital, Chendao Capital, V Fund, CRRC Capital, Gaorong Capital and etc.

Gaorong Capital’s and Zhen Funds' portfolio company, Adaps Photonics, a 3D sensor chip service provider, completed 100 million yuan in a Series C + round of financing. Other investors included CoStone Capital and Spring Ventures; WeView, a high-tech intelligent manufacturing enterprise of energy storage batteries, completed a Series A round of financing of more than 600 million yuan, co-led by Guohe Xinli, Da Hengqin Group.

Zhen Fund's portfolio company, Huixi Technology, a developer of autonomous driving computing platform, completed more than $50 million in a Series Angel + round of financing. This round of financing was jointly led by Shunwei Capital, Xiaomi Group. Other investors included CICV Capital, Cathay Capital, Miracle Plus, GSR Ventures, Grit Ventures, Zhen Fund and etc.

Healthcare

Sherpa Capital’s portfolio company, Bliss Bio, an anti-cancer biopharmaceutical enterprise, completed over 100 million yuan in a Series B + round of financing. This round of financing was led by IN Capital, with Orient Fuhai and Sherpa Capital.

Sequoia China’s and HLC’s portfolio company, Sifary Medical Technology, a dental device manufacturer, completed hundreds of millions of yuan in a Series B round of financing. This round of financing was led by GF Xinde Investment. Other investors included Skystone Investment and Youshuo Venture Capital.

HLC's portfolio company, LePure Biotech, an R&D company of single-use solutions for the biopharmaceutical industry, completed hundreds of millions of yuan in a Series C round of financing. This round of financing is led by Novo Holdings, General Atlantic and Goldman Sachs. Other investors included HLC, Bayland Capital and etc.

Consumption

HLC's portfolio company, 4INLOOK, a color contact lens brand, completed 100 million yuan in a Series C round of financing, led by Sinopharm-CICC.

Starquest Capital received multiple industry honors

In the first quarter of 2023, Starquest Capital has been awarded several industry honors by FOF Research Center, InvestorCN.com and other agencies.

On January 7, FOF Research Center officially released the 2022 Annual List based on existing data support, research and analysis, in order to encourage outstanding institutions and talents in the fund industry and promote the healthy development of the equity investment industry. Starquest Capital was included in the annual list and awarded as the "Best Market-oriented FoFs TOP 5 in 2022".

On February 16, 2023, the Global FOF Association released the " The List of World's Best Investment Institutions in 2022" in Zurich, Switzerland. This list is recommended and ranked through comparison and scoring by investment experts (focusing on FOFs) in Europe, America, Middle East and other regions which are invited by the Global FOF Association. Chinese investment institutions and investors account for about 35% of this list, an increase from 31% in 2021, which partly reflects China's influence in the investment community. Mr. Frankie Fang, the Managing Partner of Starquest Capital, was awarded as the "Most Influential FOF Investors in the World TOP30".

On February 24, the 2023 China Consumption CXO Annual Ceremony was successfully held in Hyatt Regency Shanghai Global Harbor. Recommended by China Consumption CXO Innovation Center, the annual ceremony promulgated the "2022 China Consumption Annual List.". Starquest Capital was included in the list and won the "2022 Top 40 China Consumption Investment Institutions".

On March 15, InvestorCN.com released the "2022 China Equity Investment Annual List". It took several months to select and rank the investment institutions that meet the standards through procedures such as questionnaire research and data verification. Starquest Capital was awarded as the "TOP 25 Best Market-oriented FOFs".

On March 8, 2023, Mr. Frankie Fang, Managing Partner of Starquest Capital, was invited to attend HerValue's Diversity and Sustainability Summit in Shanghai, to explore how to practice ESG and embrace a more diversified and sustainable post-epidemic new economy.