Qiming Venture Partners

Institutional venture firmpart of QimingSEC venture capital fund adviserRaising· Hong KongQIMINGVC.COM

Institutional venture firm, based in Hong Kong, reporting $4.8B of fund assets on its funds' Form ADV filings.

Composed from this organization's classification, location and filed figures.

Reported fund assets
$4.8B
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
8
Investment team
7
Latest vintage
2019
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

6 additional team members, 37 additional co-investors and affiliates, 25 additional investments, funds and LPs, 17 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

  1. 8 companies
    new in 12 months

    8 new companies in the last 12 months. Latest round 浩博医药AusperBio 医疗创新 Series C ($120M round) on 27 Aug 2026.

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageFor Founders, co-investorsInvestments →
  2. 2 companies
    portfolio raising

    2 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on 31 Aug 2026 ($15M round).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactPress release wires (PR Newswire, GlobeNewswire)For Co-investors, LPs, lendersInvestments →
  3. 2 partners
    leading rounds

    Shuo Mao and William Hu each led 1 round on record, most recently Enginprime Medical Series A (17 Aug 2026) and 浩博医药AusperBio 医疗创新 Series B2 (21 Sep 2025).

    The partner who leads is the one to reach; the rest of the team follows a lead partner's call.

    Factfunding announcements naming the partnerFor Founders, co-investorsTeam →
  4. 2 deals
    with Dcm

    Invests most often alongside Dcm (2 shared deals) and OrbiMed (2 shared deals).

    pair last observed on record 1 Oct 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
  5. 5 of 8
    enter at seed or A

    Enters mostly at seed to Series A: 5 of 8 first entries on record.

    rounds to 27 Aug 2026 · Tells a founder whether their round is one this firm writes.

    Derived8 rounds with a stated stage, against the firm's siteFor FoundersInvestments →

People to know

View all people
  • Managing Partner
    Why: Managing partner: runs the firm
    No route on file yet
  • Principal
    Why: Principal on the deal team
    No route on file yet
  • Member
    Why: Named with investment responsibility
    No route on file yet

Relationship network

84 connected entities10 observed rounds1 repeat counterparty4 dated rounds shown here, 2025 to 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.

Reading the network
  • 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 Qiming Venture Partners: 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 Qiming Venture Partners

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

119 companies on record, 8 new in 12 months

Investments on record

119 companies, 2 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
浩博医药AusperBio 医疗创新Series C · Series Cparticipantunknown$120MunknownAug 27, 2026Fact Press release
Enginprime MedicalSeries A · Series AleadShuo Mao (confirmed)$12.0MunknownAug 17, 2026Fact Press release
Pulnovo MedicalStrategic Investmentparticipantunknown$100MunknownApr 19, 2026Fact Press release

Stated thesis versus observed behaviour

10 observed deals
Stated (the firm’s website)
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
Observed (from deals on record)
Stage at participation
series a 50%series c 25%seed 13%series b 13%
Stage at first entry
series a 57%seed 14%series b 14%series c 14%
Sectors
unknown 100%
lead rate 50%follow-on rate 11%new companies, 12 months 8

Team

10 current, 3 departed

Decision makers

who to call first, and why; then everyone else by function
  • William Hu · Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility; Led 1 round on record
  • Shuo Mao · Principal
    Why this person: Principal on the deal team; Named with investment responsibility; Led 1 round on record
  • Jian Ping Gan · Member
    Why this person: 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

10 current, 3 departed
5 departed (kept with end dates)

Contacts

1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

15 vehicles, 0 LPs disclosed

Funds and vehicles

15 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Qiming Venture Partners VI, LPFund2019 adv first reportedMature$1.4B
Mar 31, 2026
73$0
of $900M
Mar 20, 2018
Qiming Managing Directors Fund VI, LPFund2019 adv first reportedMature$39.6M
Mar 31, 2026
45$0
of $24.5M
Apr 6, 2018
Qiming Venture Partners V, LPFund2016 adv first reportedHarvest$721M
Mar 31, 2026
63$0
of $620M
Jan 28, 2016

Limited partners

0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.

Known LPs and allocators

10 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Richard and Susan Smith Family FoundationFOUNDATIONQIMING VENTURE PARTNERS FUND V LP at Qiming Venture Partners$2.7M
fair value on the foundation's return
reported as of Apr 30, 2025Fact IRS Form 990 / 990-PF e-file returns
Richard and Susan Smith Family FoundationFOUNDATIONQiming Venture Partners VI, LP$3.2M
fair value on the foundation's return
reported as of Apr 30, 2025Fact IRS Form 990 / 990-PF e-file returns
Hillman Family FoundationsFOUNDATIONQiming Venture Partners VI, LP$6.5M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

55 co-investors · on 1 other DFX graph

Co-investors

55 counted from shared deals, for the whole firm
  • 2 shared deals · recurring
    2026-10-01
  • 2 shared deals · recurring
    2026-09-22
  • 2 shared deals · recurring
    2026-09-22
Across DFX and the capital chainon 1 other DFX graph · 6 capital paths Show
Across DFX
Across the graphs

Qiming Venture Partners is the same institution as 1 record in Allocators.

Allocators1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Capital chain

Qiming Venture Partners sits on 6 traced paths of capital across the graphs.

Allocator commitments to a manager

DFX traced 6 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

22 dated events, 43 observations from 2 sources

Timeline

22 dated events
  1. Mar 31, 2026
    Ryan Kendall Baker (Director) no longer on Schedule A of Qiming Venture Partners
    Person leftPeopleInferenceRyan Kendall BakerForm ADV
  2. Mar 29, 2022
    Robert Headley (Director) no longer on Schedule A of Qiming Venture Partners
    Person leftPeopleInferenceRobert HeadleyForm ADV
  3. Mar 1, 2021
    Ryan Kendall Baker joined Schedule A of Qiming Venture Partners as Director
    Person joinedPeopleFactRyan Kendall BakerForm ADV
  4. Mar 29, 2019
    Qiming Managing Directors Fund VI, LP first reported on Form ADV by Qiming Venture Partners (Venture Capital Fund), GAV $23,830,000
    Fund first reported on Form ADVFundsFactQiming Managing Directors Fund VI, LPForm ADV
  5. Mar 29, 2019
    Qiming Venture Partners VI, LP first reported on Form ADV by Qiming Venture Partners (Venture Capital Fund), GAV $866,190,000
    Fund first reported on Form ADVFundsFactQiming Venture Partners VI, LPForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 12 private fundsShow
Headquarters
Hong Kong, Hong Kongadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 31, 2026
Private funds reported
12 (12 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$4.6Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder

Classification history

Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $4.9B across 15 vehicles
  2. Sep 15, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $4.9B across 15 vehicles
  3. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $4.9B across 13 vehicles

Evidence

43 observations from 2 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC exemption claimedVenture capital fund adviserMar 30, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 31, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2024FactForm ADV
First Form ADV filing2012-03-20Mar 31, 2026FactForm ADV
First Form ADV filing2012-03-20Mar 30, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-31Mar 31, 2026FactForm ADV
Latest Form ADV filing2024-03-30Mar 30, 2024FactForm ADV
Venture share of reported funds1Mar 31, 2026FactForm ADV
Venture share of reported funds1Mar 30, 2024FactForm ADV
Business phoneMar 30, 2024FactForm ADV
HeadquartersHong Kong, Hong KongMar 30, 2024FactForm ADV
Office addressMar 30, 2024FactForm ADV
Legal formCorporationMar 30, 2024FactForm ADV
Private funds reported12Mar 31, 2026FactForm ADV
Private funds reported14Mar 30, 2024FactForm ADV
Private fund gross assets (reported)$4.6BMar 31, 2026FactForm ADV
Private fund gross assets (reported)$4.9BMar 30, 2024FactForm ADV
Schedule a diffsadiff-1Mar 31, 2026FactForm ADV
Venture funds reported12Mar 31, 2026FactForm ADV
Venture funds reported14Mar 30, 2024FactForm ADV
WebsiteMar 30, 2024FactForm ADV
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmed · 3 filing advisers share this firmShow
Importance
57
elevated
Active deployment
65
high
Emerging
0
low
Freshness
100
high
Institutional venture firmSEC exempt reporting adviser

Venture manager, reported GAV $4.9B across 15 vehicles

One of 3 advisers that share qimingvc.com; the firm is Qiming. Qiming Global Management, LLC, Qiming U.S. Ventures Management, LLC. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.

The inputs behind each score
importance
gav: 0.81 · funds: 1 · people: 0.4 · investments: 0.37 · co investors: 0
active deployment
investments 12m: 1 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2026-08-27
emerging manager
fund count: 15 · reported gav: $4.8B · first adv filing: 2012-03-20 · years since first filing: 14.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 identity change, 1 dated event on the change ledger, latest event first
  • Grouped with firm
    2026-09-12
  • Adviser's first ADV filing
    2012-03-20source 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.