IDG Vc Management Ltd.
Institutional venture firm, based in Hong Kong, reporting $2.9B of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
21 additional co-investors and affiliates, 17 additional investments, funds and LPs, 24 events, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 6 companiesnew in 12 months
6 new companies in the last 12 months. Latest round Apex Intelligence round ($50M round, led) on 16 Sep 2026.
A firm writing cheques this quarter is one a founder can pitch now.
- 2 of 3enter at seed or A
Enters mostly at seed to Series A: 2 of 3 first entries on record.
rounds to 20 Aug 2026 · Tells a founder whether their round is one this firm writes.
People to know
View all people- Director& PresidentWhy: Runs the firm (chief executive or president)No route on file yet
- ShareholderWhy: Named with investment responsibilityNo route on file yet
Relationship network
50 connected entities6 observed rounds3 dated rounds shown here, 2026
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to IDG Vc Management Ltd.: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to IDG Vc Management Ltd.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
6 companies on record, 6 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Apex Intelligence | Funding round | lead | unknown | $50.0M | unknown | Sep 16, 2026 | Fact Press release |
| XPENG robotics business | Funding round | lead | unknown | $900M | unknown | Aug 24, 2026 | Fact Press release |
| Math Magic | Series A · Series A | participant | unknown | $50.0M | unknown | Aug 20, 2026 | Fact Press release |
Stated thesis versus observed behaviour
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
2 current, 0 departed
Decision makers
- Quan Zhou · Director& PresidentWhy this person: Runs the firm (chief executive or president); Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Shareholder
- Director& President
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
14 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
24 co-investors
Co-investors
- 2026-09-161 shared deal · one time · they led 1 · this firm led 1
- 2026-09-161 shared deal · one time · this firm led 1
- 2026-09-161 shared deal · one time · this firm led 1
Evidence and history
29 dated events, 45 observations from 3 sources
Timeline
- Mar 30, 2023
- Mar 30, 2023
- Mar 30, 2023
- Mar 30, 2023
- Mar 31, 2021
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 30, 2026 · 14 private fundsShowHide
- Headquarters
- Hong Kong, Hong Kongadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- IDGVC.COM
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Private fund adviseradviserinfo.sec.gov
- Latest Form ADV
- Mar 30, 2026
- Private funds reported
- 14 (14 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $2.9Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Century Light Investments Limited (Shareholder), owns 75% or more
Classification history
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 23, 2026Institutional venture firm (probable, 80%)Venture manager, reported GAV $2.9B across 14 vehicles
- Sep 15, 2026Institutional venture firm (probable, 80%)Venture manager, reported GAV $3.6B across 14 vehicles
- Sep 12, 2026Institutional venture firm (probable, 80%)Venture manager, reported GAV $1.5B across 8 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| SEC exemption claimed | Private fund adviser | Mar 28, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 30, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 28, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-03-30 | Mar 30, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-03-30 | Mar 28, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-30 | Mar 30, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-28 | Mar 28, 2024 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 30, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 28, 2024 | Fact | Form ADV |
| Business phone | Mar 28, 2024 | Fact | Form ADV | |
| Headquarters | Hong Kong, Hong Kong | Mar 28, 2024 | Fact | Form ADV |
| Office address | Mar 28, 2024 | Fact | Form ADV | |
| Legal form | Corporation | Mar 28, 2024 | Fact | Form ADV |
| Private funds reported | 14 | Mar 30, 2026 | Fact | Form ADV |
| Private funds reported | 14 | Mar 28, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $2.9B | Mar 30, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $3.6B | Mar 28, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 29, 2026 | Fact | Form ADV |
| Venture funds reported | 14 | Mar 30, 2026 | Fact | Form ADV |
| Venture funds reported | 14 | Mar 28, 2024 | Fact | Form ADV |
| Website | Mar 28, 2024 | Fact | Form ADV | |
| Website status | unreachable “home page did not answer with HTML” | Sep 16, 2026 | Fact | |
| Website status | unreachable “home page did not answer with HTML” | Sep 12, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, probable · 2 filing advisers share this firmShowHide
Venture manager, reported GAV $2.9B across 14 vehicles
One of 2 advisers that share idgvc.com; the firm is IDG Capital. IDG Capital Fund Management Ltd.. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
- importance
- gav: 0.74 · funds: 1 · people: 0.08 · investments: 0.29 · co investors: 0
- active deployment
- investments 12m: 0.75 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2026-09-16
- emerging manager
- fund count: 17 · reported gav: $2.9B · first adv filing: 2012-03-30 · years since first filing: 14.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Grouped with firm2026-09-14
- Adviser's first ADV filing2012-03-30source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.