Zhejiang Provincial Venture Capital Group Co., Ltd.

Established in September 2000, Zhejiang Provincial Venture Capital Group Co., Ltd. is a professional venture capital institution approved by the Zhejiang Provincial Development and Reform Commission. It is among the first batch of market-oriented professional venture capital institutions in China. The company's core business is equity investment, managing funds with a subscribed capital of nearly 10 billion yuan. The company's shareholders include Zhejiang State-owned Capital Operation Co., Ltd., Zhejiang Energy Power Co., Ltd., Zhejiang Juhua Co., Ltd., and Jiaxing Jiaguo Heqi Investment Co., Ltd., Jiaxing.

The firm focuses on investments in new materials, new energy sources, equipment manufacturing, information technology, and the health industry. It operates across various stages, including early stage, growth, and late stage, with a geographical focus on China and the United States.

Zhejiang Provincial Venture Capital Group Co., Ltd. has a history of investing in companies such as Vulcan, participating in its Series C and Series E funding rounds in 2021 and 2023, respectively. This reflects the firm's commitment to supporting innovative companies across different sectors and stages of development.