← Capital intelligence

INV Venture capital

HongShan

HSGHSG CapitalHongShan CapitalHongShan Capital GroupSequoia Capital ChinaSequoia China

Formerly Sequoia Capital China, rebranded to HongShan in June 2023 after separating from Sequoia globally; one of China's largest VC firms with $56B+ AUM; invests across technology, healthcare, and consumer with a deep Chinese robotics portfolio.

HeadquartersBeijing, CN
Portfolio9 companies
Cited round volume$1.5B
Cited rounds16
01

Physical AI portfolio

Round-by-round participation

RIVRRobot maker · registered · corporate
2024-08-01Seed · Lead$22MSource
2023-12-29Pre-seed$4MSource
PlusAIRobot maker · registered · corporate
2021-03-31Series C$220MSource
2018-11-15Series A$75MSource
02

Source ledger

15 unique public sources

01
X Square Robot secures $140M in funding for AI foundation modelsThe Robot Report · retrieved 2026-07-05
02
Genesis AI launches with $105M seed funding from Eclipse, Khosla to build AI models for robotsTechCrunch · retrieved 2026-07-05
03
Swiss-Mile Secures $22M in Seed Funding, Co-Led by Jeff Bezos and HongShanRIVR · retrieved 2026-07-05
04
Swiss Mile raised $3.5M pre-seed with Sequoia Capital China, Linear Capital and Agile Robots AGNordic 9 · retrieved 2026-07-05
05
Noah Medical Raises $150M Series B to Scale Endoluminal Robotics SolutionsGlobeNewswire · retrieved 2026-07-05
06
Warehouse automation firm Hai Robotics closes $100M series D funding roundFreightWaves · retrieved 2026-07-05
07
Warehouse Robotics Startup HAI ROBOTICS Secures $200M FundingPR Newswire · retrieved 2026-07-05
08
Neptune raises $17.25M to clean ship hulls with robotsTechCrunch · retrieved 2026-07-05
09
Pudu Robotics Completes Series C2 Financing, with Nearly $155M in Total Raise from C1 and C2PR Newswire · retrieved 2026-07-05
10
Pudutech closes $78M in Series C (C1) funding for autonomous mobile robotsThe Robot Report · retrieved 2026-07-05
11
Delivery Robot Company Pudu Robotics Raised Nearly $15M in Series B+ Financing, Led by Sequoia Capital ChinaPR Newswire Asia · retrieved 2026-07-05
12
Agile Robots AG completes Series C financingAgile Robots SE · retrieved 2026-07-05
13
Agile Robots announces 8-figure funding (amount described as 8-digit US dollars only; exact figure not disclosed)Agile Robots SE · retrieved 2026-07-05
14
Self-Driving Truck Company Plus Upsizes Recent Fundraising to $420 MillionBusinessWire · retrieved 2026-07-05
15
PlusAI Raised A+ Round Funding Led By Sequoia Capital ChinaEqualOcean · retrieved 2026-07-05