# Chenmai Venture Capital

Chenmai Venture Capital is a Venture Capital based in Shanghai, China.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Assets under management:** <$250M (Altss estimate)
- **Website:** chenmaivc.com

## Regulatory record

- **Reports private funds:** No

## About

Chenmai Venture Capital is a private equity firm based in Shanghai, China. It focuses on venture capital investments. The firm has a team of 5 staff members.

## Sectors

- Enterprise Software
- AI/ML
- Industrial Tech

## People

- Lin Chen — Founding Partner
- Yun Zhang — Partner

## Questions

### How does Chenmai Venture Capital source proprietary deal flow?

Chenmai sources deal flow through relationships developed during Lin Chen's prior tenure in Shanghai's technology sector and through references from portfolio-company founders. The firm also leverages its integration with local government procurement pipelines—portfolio companies are introduced to smart-city and industrial-automation contracts, creating an origination funnel that incoming founders find valuable beyond the capital itself.

### Does Chenmai participate in fund commitments or only direct deals?

Chenmai invests almost exclusively through direct equity positions, with seed and Series A representing the majority of its deployment. The firm makes occasional follow-on investments in existing portfolio companies and has participated in secondary purchases from departing angel investors. No fund-of-funds commitments to external GPs are recorded in public disclosures.

### Which sectors does Chenmai explicitly avoid?

Chenmai avoids consumer internet, digital media, and pure-play e-commerce—sectors dominated by the strategic venture arms of Alibaba, Tencent, and ByteDance. The firm also does not invest in biotechnology, pharmaceuticals, or hard-tech sectors like advanced materials, instead concentrating exclusively on enterprise software, applied AI, and industrial technology.

## Related profiles

- [Chengzhang Wenchuang Capital](https://altss.com/profile/chengzhang-wenchuang-capital)
- [Chepstow Capital](https://altss.com/profile/chepstow-capital)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/chenmai-venture-capital

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