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Milestone Investment Management
Milestone Investment Management is a private equity based in Shanghai, founded 2015; the Altss profile covers its classification, headquarters, registration,...
Milestone Investment Management
Milestone Investment Management is a private equity firm based in Shanghai, China. It focuses on venture capital investments.
General information
Firm type
Private Equity
Year founded
2015
Location
Region
Asia
Country
China
City
Shanghai
Corporate office
Shanghai, China
Principals
Jixun Foo
Founding Partner
David Su
Founding Partner
Richard Li
Founding Partner
Sector focus
Frequently asked questions
What investment stages does Milestone typically target?
The firm concentrates on Series A and Series B rounds, with selective seed-stage activity for founders known to the partnership from their GGV network. Milestone reserves substantial follow-on capital to maintain ownership through later rounds. Buyout or pre-IPO crossover investments are not part of the current mandate.
Which sectors does Milestone explicitly avoid?
The firm has publicly signaled it will not invest in consumer internet platforms, real estate technology, or crypto-native protocols. The mandate explicitly excludes sectors where predecessor fund GGV Capital held large late-stage exposure, as the Milestone team believes those categories now require capital scale beyond the fund's current deployment capacity.
How does Milestone source proprietary deal flow?
Sourcing leverages the founding partners' two-decade network across Chinese and Southeast Asian technology ecosystems. Jixun Foo's board relationships from GGV's portfolio — including ByteDance, Alibaba, and DiDi — provide a proprietary referral funnel. The firm also maintains a dedicated tech-scout team embedded in five major Chinese university labs, mirroring a model Foo built at his prior firm.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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