CM Venture Capital

Zhou Huafang, the founder and chairman, leads investment decisions. He draws on decades of experience connecting Chinese industrial capital with technology ventures. The firm's small team structure means Zhou remains directly involved in deal sourcing and portfolio-company relationships.

The firm sources deals through its founder's network across China's manufacturing heartland and through relationships with research universities and incubators in North America, Europe, and Israel. Its operational value proposition — giving startups access to Chinese factory partnerships — attracts founders who need more than a capital check.

The firm primarily executes direct equity investments in portfolio companies rather than committing capital to other fund managers. Its model relies on taking board seats or observer rights and actively supporting portfolio companies through manufacturing partnerships and market-entry strategy.

CM Venture deploys across early-stage seed and Series A rounds, as well as select expansion and late-stage deals. The firm does not operate a rigid stage mandate; rather, it follows opportunities where its operational value-add — manufacturing scale-up, supply chain integration — creates an edge.