Ferry Venture Capital

Ferry Venture Capital

Ferry Venture Capital opened in Shanghai in 2010 with a tight partnership rooted in Tsinghua University engineering and finance networks. The three founding partners — 黄竖, 戴建春, and 王学峰 — pooled cross-border experience from Silicon Valley operating roles, investment banking at Crédit Agricole, and management consulting to build an early-stage vehicle. Its legal name, 源渡股权投资管理（上海）有限公司, reflects a purely domestic Chinese fundraising and deployment structure, despite the partners’ trans-Pacific backgrounds. The firm runs a concentrated early-stage venture strategy that centers on technology transforming traditional industries. Its portfolio spans semiconductors, artificial intelligence, robotics, and enterprise software — stages typically range from seed to Series A, with occasional expansion exposure. Confirmed positions include 卓胜微电子 (SZ: 300782) and 兆易创新 (SHA: 603986), two Shanghai-listed chip designers that provided landmark exits, as well as automotive retail platform 大搜车 and AI search startup 秘塔. Ferry accepts business plans at bp@ferryvc.cn, suggesting direct origination remains the primary deal-sourcing channel rather than a fund-of-funds model. Geography concentrates on mainland China, with all named portfolio companies headquartered there. Ferry has deployed capital into more than 80 startups since inception, making it a repeat, volume-driven early-stage manager inside the Chinese ecosystem. The roster of five partners now includes 古一思, a former GE Healthcare and Cisco Greater China CIO, and 张宏, a serial entrepreneur with Berkeley-Stanford network ties. From 2019 through 2024, the firm earned consecutive appearances in Zero2IPO’s “China Top 30 Early-Stage Investment Institutions” ranking (per Zero2IPO, 2019–2024). These honors frame Ferry as a durable franchise within a market where many 2010-vintage funds have ceased fundraising. Ferry’s structural distinction is its founder-led engineering bench: every partner holds a degree in engineering or information systems, and one founding partner, 黄竖, exited a Silicon Valley security startup to TrendMicro. That operator DNA means investment decisions filter through a product and architecture lens rather than pure financial modeling. The post-exit behavior of its marquee semiconductor holdings — which remained independent public companies — suggests the firm takes a long-duration view that resists early trade-sale pressure, aligning it more closely with deeply technical founders than with arbitrage-driven GPs.