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Shanghai-based VC rebranded from Morningside Venture Capital in 2020, managing USD 5 billion in dual-currency funds; among China's most concentrated backers of warehouse and food-service robotics, with portfolio anchors Hai Robotics and VisionNav Robotics.

HeadquartersShanghai, CN

Portfolio6 companies

Cited round volume$591M

Cited rounds12

01

Physical AI portfolio

Round-by-round participation

D-RoboticsComponent supplier · registered · corporate

2025-05-28Series A$100MSource

BOTINKITRobot maker · registered · corporate

2025-04-07Series B · LeadNot disclosedSource

2023-07-19Series A$13MSource

XYZ RoboticsRobot maker · registered · corporate

2022-06-20Series B$40MSource

2021-07-21Series B$35MSource

2019-08-01Series A · Lead$8MSource

Hai RoboticsRobot maker · registered · corporate

2022-06-13Series D$100MSource

2021-09-21Series D$100MSource

2021-09-21Series C · Lead$100MSource

2021-03-11Series B · Lead$15MSource

VisionNav RoboticsRobot maker · registered · corporate

2022-04-29Series C · Lead$80MSource

AgileX RoboticsRobot maker · early · corporate

2021-07-01Series ANot disclosedSource

02

Source ledger

11 unique public sources

D-Robotics completes $100M Series A after one year of independent operationSina Finance · retrieved 2026-07-05

不停科技完成数千万美元B轮融资，开启AI数字厨房2.0时代36Kr · retrieved 2026-07-05

Kitchen robot Botinkit raises $13M from DJI angel and othersTechCrunch · retrieved 2026-07-05

XYZ Robotics Receives Nearly USD 40 Mn from Series B+ Led by Capital TodayEqualOcean · retrieved 2026-07-05

XYZ Robotics Capitalizes on Tech Investment Boom With New Funding ($35M Series B)Caixin Global · retrieved 2026-07-05

The Robotic Company Taking up the Challenge That's Been Haunting Amazon Warehouses (Chinese; XYZ Robotics Series A ~$8M, Aug 2019)Sina Finance · retrieved 2026-07-05

Warehouse automation firm Hai Robotics closes $100M series D funding roundFreightWaves · retrieved 2026-07-05

Warehouse Robotics Startup HAI ROBOTICS Secures $200M Funding (Series C + D jointly announced; individual split undisclosed)PR Newswire · retrieved 2026-07-05

HAI Robotics Secures $15M Series B+ Funding to Scale Autonomous Case-Handling RobotHai Robotics · retrieved 2026-07-05

VisionNav Robotics Raises $80m in C+ Round, Leading the Largest Funding in Driverless Industrial Vehicles FieldPR Newswire · retrieved 2026-07-05

Dongguan's AgileX Robotics completes 100-million-yuan Series A to speed mobile-robot solutions36Kr · retrieved 2026-07-05