The startup scene in China is booming, with US investors taking advantage of the large number of new companies in the nation. It seems every day brings news of US-based VCs investing in Chinese companies: One recent financing, for example, was a $23 million round co-led by Sinovation Ventures for Weiyang, a pig farming business operated by Chinese internet firm NetEase.
Since the beginning of 2015, 102 US-based VCs have made at least one investment in China, according to the PitchBook Platform, for a total of 228 deals. Of those transactions, 49% have been in the IT sector, with big companies like Didi Chuxing raking in a lot of the recent capital—the ridehailing startup pulled in $5.5 billion last week in a round that included participation from US investors.
While a handful of VCs have separate investment arms based in China, such as Sequoia China and Lightspeed Venture Partners China, firms headquartered in the US are also pouring money into the growing market.
Here are the six most active US-based VC investors in China since the beginning of 2015, along with their investment counts (excluding accelerator rounds):