HSG Portfolio 2026

HSG accounts for 17 tracked companies with verified cap-table data, 17 of which disclose round sizes totalling $2B. The median disclosed raise is $90M, and the largest is Fujian Deer Technology at $473M, ahead of D3 Bio ($308M) and RedotPay ($194M).

The names that recur most often on these portfolio cap tables are HSG (17 companies), IDG Capital (2 companies), Temasek (2 companies), MPCi (2 companies), OrbiMed (2 companies), Apricot Capital (2 companies). By latest disclosed round, the market skews Series B (5), Series A (4), Seed (2), Other Equity (1).

• Companies tracked: 17
• Disclosed funding total: $2B across 17 companies
• Median disclosed raise: $90M
• Largest raise: Fujian Deer Technology — $473M
• Stage mix: Series B 5 · Series A 4 · Seed 2 · Other Equity 1
• Most recent dated round: 2026-04-01

Best funded HSG companies

1. Fujian Deer Technology — $473M (latest: Other Equity)
2. D3 Bio — $308M (latest: Series B)
3. RedotPay — $194M (latest: Series B)
4. Pulnovo Medical — $115M
5. Narwal Robotics — $114M (latest: Series E)
6. Green Energy Origin — $110M (latest: Series B)
7. EcoFlow Tech — $104M (latest: Series B)
8. Vibrant — $100M
9. MarqVision — $90M (latest: Series B)
10. KAST — $80M (latest: Series A)
11. Excalipoint Therapetics — $69M (latest: Seed)
12. Spiro Medical — $67M (latest: Series A)
13. HunterOn — $60M (latest: Series C)
14. Hutouju — $50M (latest: Seed)
15. Renxin Technology — $28M (latest: Series A)

Hsg — related firms and companies (44)

• Hsg co-investors 2026
• Investors like Hsg
• Companies backed by Hsg
• Founders backed by Hsg
• Investors like Sofinnova Investments
• Investors like Sapphire Ventures
• Investors like 137 Ventures
• Investors like IVP
• Investors like Coinbase
• Investors like Floodgate
• Investors like Oak HC/FT
• Investors like AME Cloud Ventures
• Investors like White Star Capital
• Investors like International Finance Corporation
• Investors like Blockchain Capital
• Investors like ARCH Venture Partners
• Investors like Sequoia Capital
• Investors like Accomplice
• Investors like Bessemer Venture Partners
• Investors like ACME Capital
• Investors like SV Angel
• Investors like Foundry Group
• Investors like First Round Capital
• Investors like DCM Ventures
• Investors like Mayfield Fund
• Investors like Contour Venture Partners
• Investors like Greylock
• Investors like Motivate Venture Capital
• Investors like Menlo Ventures
• Investors like Primary Venture Partners
• Investors like 500 Global
• Investors like Amplify Partners
• Investors like Liquid 2 Ventures
• Investors like N47
• Investors like Upfront Ventures
• Investors like Capital One Ventures
• Investors like Greycroft
• Investors like QED Investors
• Investors like Goldman Sachs
• Investors like Salesforce Ventures
• Investors like Polaris Partners
• Investors like Ventioneers
• Investors like DCVC
• Investors like Canapi Ventures

Hsg alternatives · All research reports