Multi-stage VC, China (ex-Sequoia China)

HongShan

Venture capital firm · Beijing · Founded 2005

Quick read

HongShan (HSG), a multi-stage VC and PE firm, was founded in 2005 as Sequoia Capital China and rebranded in 2023 after spinning off from Sequoia. It manages over $55 billion in AUM across 1,500+ portfolio companies, investing from seed to buyout in technology, consumer, and healthcare. Since the split, it's been aggressively expanding globally — opening offices in Singapore, London, and now Tokyo.

Key facts

Founded
2005
Founders
Neil Shen (Shen Nanpeng)
Employees
200+
Sectors
generalist, ai, healthcare, consumer
Website
www.hsgcap.com

Investment thesis

HongShan backs exceptional entrepreneurs from seed through IPO and beyond across technology, consumer, and healthcare — with a China-rooted but increasingly global mandate spanning Southeast Asia, Europe, and Japan.

Recent activity

  • Apr 2026investment
    Led or co-invested in a Seed round for Creao alongside Prosperity7 Ventures and Aramco Ventures, marking its latest tracked investment. tracxn.com
  • Feb 2026investment
    Co-led a $140 million funding round in X Square Robot alongside ByteDance and Alibaba. tracxn.com
  • Feb 2026investment
    Participated in Spirit AI's nearly RMB 2 billion raise, which pushed the company's valuation past RMB 10 billion. tracxn.com
  • Feb 2025leadership
    Hired Komi Kyu from Bain Capital as Managing Director to head a new Tokyo office, targeting growth-stage and buyout deals across Japan. reuters.com
  • Nov 2024press
    The HongShan Charity Foundation donated HK$10 million to relief efforts following the Tai Po fire in Hong Kong. hk.linkedin.com
  • Jul 2024fundraise
    Closed a fundraising round raising approximately €2.15 billion ($2.5 billion) in new capital. us.fashionnetwork.com
  • Jan 2024investment
    Completed its largest acquisition to date — Sweden's Marshall Group for $1.15 billion. privateequitywire.co.uk
  • Jul 2023product
    Opened a Singapore office to invest in Southeast Asia, entering direct competition with Peak XV Partners. en.wikipedia.org

Notable investments

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

  • Neil Shen (Shen Nanpeng) · Founding and Managing Partner
  • Joe Lee · Managing Director
    LinkedIn
  • Komi Kyu · Managing Director, Japan
  • Neil Shen · Founding & Managing Partner
  • Steven Ji · Partner
  • Glen Sun · Partner

Sources

Explore VCs by sector

Globally

Frequently asked

What is HongShan?+

HongShan (HSG), a multi-stage VC and PE firm, was founded in 2005 as Sequoia Capital China and rebranded in 2023 after spinning off from Sequoia. It manages over $55 billion in AUM across 1,500+ portfolio companies, investing from seed to buyout in technology, consumer, and healthcare.

Where is HongShan headquartered?+

HongShan is headquartered in Beijing, China.

When was HongShan founded?+

HongShan was founded in 2005 by Neil Shen (Shen Nanpeng).

What sectors does HongShan invest in?+

HongShan focuses on generalist, ai, healthcare, consumer. They primarily invest in these sectors.

How do I prepare for a meeting with HongShan?+

Brief generates a structured pre-meeting briefing on any person at HongShan — quick read, recent activity, points of view, and conversation openers tailored to what you sell. Sign in to get personalised openers for your product.

Meeting with someone at HongShan?

Brief generates a structured pre-meeting briefing on any person in seconds.

Try Brief →

Generated by briefthecall.com from public web sources on May 27, 2026. Each claim is linked to its source above.