The pivotal shifts in long-term investments often unfold through consistent progress across different phases.
As a regularly updated column, 「TTGG MONTHLY」 curates key developments from TTGG VENTURES and our portfolios. Through this column, we aim to showcase the authentic growth journey of enterprises at various development stages, and document our phased insights and actions in investment – all as an integral part of our long-term companionship and value accumulation.
Portfolio Updates
01 CenoBots(新生紀(jì)智能) Completes Over RMB 100 Million in Series A Funding
CenoBots announced the completion of its Series A funding round, raising over RMB 100 million. Led by Hillhouse Ventures, the round saw participation from Luminous Ventures, Puhua Capital, and Addor Capital. TTGG was an investor in CenoBots’ Pre-A round. 02 Mirattery(蔚能) Accumulatively Raises Nearly RMB 1 Billion in Series C Funding Mirattery announced the cumulative completion of nearly RMB 1 billion in Series C funding. On the basis of the additional investment from the founding shareholders and the introduction of shareholders from Haining Economic Development Zone and Hainan Chengmai, it further introduced a state-owned capital shareholder from Dongpo District of Meishan, Sichuan. TTGG was the investor in Mirattery’s Series B round. 03 MetaLenX(邁塔蘭斯) Completes Tens of Millions of RMB in Series A+ Funding MetaLenX, a leading designer and manufacturer of metalenses, recently completed its Series A+ funding round, raising tens of millions of RMB. The round was backed by Xiaomi, Shunwei Capital, Chengmei Capital, and Shanghai Angel Group. The funds will be mainly used for the continuous construction of metalens mass production lines, capacity expansion of infrared lenses, and the R&D and mass production of visible light lenses. TTGG invested in MetaLenX’s Series A round in 2023. 04 HPMicro(先楫半導(dǎo)體) Completes Series B+ Funding HPMicro completed its Series B+ strategic funding round, with investment from well-known institutions and listed companies including Pudong Venture Capital Group, Zhangjiang Group, Oriza Holdings, Leadshine Technology, and China Mobile Venture Capital. The proceeds from this round will be focused on chip R&D for robot applications and the large-scale commercialization of solutions. TTGG invested in HPMicro in 2024. 05 CROBOTP(卡諾普機(jī)器人) Submits HKGEX IPO Application Recently, CROBOTP officially submitted its listing application to the Hong Kong Stock Exchange (HKEX).Specializing in the independent R&D and global commercialization of commercial cleaning robots, CenoBots has completed five consecutive funding rounds since its establishment more than three years ago and launched a number of flagship products. The proceeds from this round will be mainly allocated to scaling up sales and market investment, building a more comprehensive service system, and increasing forward-looking R&D in embodied intelligence algorithms, further consolidating the company’s leading position in the global commercial cleaning robot sector.Mirattery stated that the funds from the Series C equity financing will be used for the deployment of battery asset business, the commercialization of industrial achievements, and R&D investment. The company will continue to drive innovation in battery asset management services and battery application technologies, accelerating the industrialization of technological achievements.Founded in 2020, MetaLenX is primarily engaged in the design and manufacturing of metalenses. It is the world’s first company to achieve mass production in both the far-infrared and near-infrared fields, and a technological breakthrough in the visible light field. Currently, the company has realized full coverage of lens product series, from independent R&D of metalens design software and integration of lens optical design to the establishment of production lines for independent mass production of metalens lenses.Dedicated to the integrated circuit design of high-performance embedded solutions, HPMicro’s products cover microcontrollers and their supporting development tools and ecosystems. The company has currently mass-produced eight series of high-performance general-purpose MCU products, serving more than 1,000 cumulative customers, and was selected for Forbes Asia’s 2025 Asia’s 100 Promising Companies list.CROBOTP stated that the proceeds from the IPO will be focused on three core areas: enhancing R&D capabilities, expanding domestic and overseas markets, and upgrading manufacturing capacity, with technological breakthroughs in embodied intelligence as the core layout direction. According to Frost & Sullivan data, CROBOTP ranks first among all welding robot manufacturers in China. TTGG Ventures invested in CROBOTP in 2024.
TTGG Updates
01 TTGG Ranks Among Zero2IPO(清科)「2025 China Venture Capital Institutions TOP 50」 Zero2IPO Research Center officially released the 2025 China Private Equity Annual Ranking: TTGG Ventures was named to the list of 「2025 China Venture Capital Institutions TOP 50」. 02 TTGG Honored with Shanghai Securities News 「Best Patient Capital」; Michael Zhang Honored with 「Elite Investor Award」 The 2025 Shanghai Stock Eagle ? Golden Capital Awards, hosted by Shanghai Securities News, have been announced: TTGG received the 「Best Patient Capital」 award. TTGG President Zhang Sheng received the 「Elite Investor」 award . 03 TTGG Ranks Among 「2025 Zhejiang Venture Capital Institutions TOP 50」 Guided by the Zhejiang Science and Technology Department, hosted by the Zhejiang Venture Capital Association, the 2025 Zhejiang Venture Capital Conference saw the official release of the 2025 Zhejiang Venture Capital Annual Ranking by Chinese Venture: TTGG Ventures was named to the list of 「2025 Zhejiang Venture Capital Institutions TOP 50」. 04 TTGG Precident Michael Zhang Named to China Venture 2025 China Top 100 Venture Capitalists China Venture released its 2025 Annual Investor Ranking: TTGG President Michael Zhang was selected for 「2025 China Top 100 Venture Capitalists」. 05 TTGG Managing Partner Zhou Xin Selected for PEDaily 2025 F40 China Young Investors PEDaily(subsidiary of Zero2IPO) unveiled its 2025 F40 China Young Investors list: Zhou Xin, Managing Partner of TTGG Ventures, was selected for 「2025 F40 China Young Investors」, based on his investment cases. 06 TTGG Managing Partner Zhou Xin Named to FOFWEEKLY TOP 100 GP Young Leaders FOFWEEKLY released its 2025 Top 100 Young Leaders in the Investment Industry list: Zhou Xin was selected for 「TOP 100 GP Young Leaders」. 07 TTGG Ventures' 25th Anniversary Celebration Held in Hangzhou, Focusing on Hard Tech Investment Opportunities TTGG Ventures' 2025 Investor Appreciation Dinner and 25th Anniversary Celebration concluded successfully in Hangzhou, with more than 100 investors, partners and representatives of portfolio companies in attendance. As an early pioneer in China's venture capital industry, TTGG has nurtured 54 IPO projects over the past 25 years, with 4 portfolio companies successfully listed in 2025.Adhering to the core principles of Investors First, Value Investing, and Industry Focus, TTGG will continue to focus on technological innovation, supporting enterprises in their breakthroughs from 0 to 1 and from 1 to 100, and empowering China's technological self-reliance.
08 TTGG President Michael Zhang Participateed in the 25th China Private Equity Annual Conference
Hosted by Zero2IPO Holdings and PEDaily, and co-hosted by Huitong Financial Holding and Nanshan SEI Investment., the 25th China Private Equity Annual Conference was held in Shenzhen. Michael Zhang, President of TTGG Ventures, was invited to participate in the roundtable discussion.Michael Zhang stated that opportunities in the new energy sector are far from exhausted, and new energy will remain one of the most potential investment tracks in China for the next 20 years.
