# Milestone Investment Management

Milestone Investment Management is a Private Equity based in Shanghai, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** milestonevc.com

## Regulatory record

- **Reports private funds:** No

## About

Milestone Investment Management is a private equity firm based in Shanghai, China. It focuses on venture capital investments.

## Sectors

- Enterprise Software
- AI/ML
- Industrial Tech
- FinTech
- Mobility & Transportation
- Digital Health

## People

- Jixun Foo — Founding Partner
- David Su — Founding Partner
- Richard Li — Founding Partner

## 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.

## Related profiles

- [Milano Investment Partners](https://altss.com/profile/milano-investment-partners)
- [Mirae Asset Capital Life Science](https://altss.com/profile/mirae-asset-capital-life-science)

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

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