Zhejiang Miyin Investment

The firm concentrates exclusively on early-stage deals, covering seed and start-up rounds. This places it at the very beginning of the capital formation process, typically backing founding teams before they have meaningful revenue or institutional venture backing. Its focus suggests check sizes ranging from several hundred thousand to a few million RMB per position.

The firm is headquartered in Hangzhou, the capital of Zhejiang province and a major hub for China's technology economy. Its proximity to Alibaba Group and Zhejiang University likely yields deal flow from e-commerce entrepreneurs, AI researchers, and advanced-manufacturing spinouts. The principals' personal networks within the Yangtze River Delta startup ecosystem probably function as the primary sourcing engine.

The firm is structured as a private equity asset manager, not a single-family office. However, given its lean public profile and absence of disclosed institutional limited partners, it likely operates as a hybrid vehicle — possibly managing the capital of a small group of high-net-worth individuals, family enterprises, or the founding partners themselves alongside external RMB commitments.

Available evidence suggests the firm only makes direct equity investments into operating companies, consistent with early-stage venture and growth equity managers of its size. There is no public indication that it allocates capital to third-party funds or participates as a limited partner in other managers' vehicles.

Sector preferences are not publicly catalogued. Given its Hangzhou location and early-stage mandate, the firm likely avoids capital-intensive heavy industry, real estate development, and publicly traded securities — asset classes that fall outside the typical scope of a seed-stage venture partnership in Zhejiang's innovation economy.