# Zhejiang Innovative and Developing Capital

Zhejiang Innovative and Developing Capital is a Private Equity based in Hangzhou, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Hangzhou, China
- **Region:** Asia
- **Address:** Hangzhou, Zhejiang, China
- **Founded:** 2014
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

Zhejiang Innovative and Developing Capital is a private equity firm based in Hangzhou, China. It focuses on venture capital investments. The firm is headquartered in Zhejiang province.

## Sectors

- Enterprise Software
- Industrial Tech
- AI/ML
- Energy Transition & Renewables
- Digital Health
- Mobility & Transportation

## Questions

### How does the firm source proprietary deal flow?

Deal flow derives from its structural position within the Zhejiang provincial bureaucracy. Portfolio referrals arrive through municipal economic planning commissions, local technology parks in Hangzhou and Ningbo, and direct government-directed mandates to support strategic industries. This is not a conventional market-sourced pipeline.

### What investment stages does the firm typically target?

The firm spans a wide range: it participates in seed-stage and start-up venture rounds, expansion-stage growth equity, and outright buyouts of mature companies. This stage-agnostic approach reflects its mandate to support Zhejiang enterprises from formation through consolidation.

### Which sectors does the firm prioritize?

Sector emphasis falls on advanced manufacturing, including robotics and factory automation, enterprise software, AI/ML applications, semiconductors, new-energy vehicles, and digital health. These align with Zhejiang Province's published five-year economic development priorities.

### Does the firm co-invest with external general partners?

Yes. The firm has increased co-investment activity with national-level government guidance funds and, on occasion, with provincial peers elsewhere in the Yangtze River Delta. It rarely partners with foreign GPs given the strategic nature of its mandate.

## Related profiles

- [Zhaoyuan Hengli Capital](https://altss.com/profile/zhaoyuan-hengli-capital)
- [Zhejiang Langwan Investment](https://altss.com/profile/zhejiang-langwan-investment)

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

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