Venture Capital Monthly Report | Yida Capital: Six Funds Raise Nearly 6.7 Billion Yuan, Growth-Stage Projects Dominate

Produced by: Sina Finance Venture Plus

Author: Yishe

Based on incomplete public data statistics, in March 2026, three new private equity and venture capital fund managers were established, a significant decrease of 84.2% year-on-year and 40.0% month-on-month; 165 private equity investment funds and 517 venture capital funds were newly registered, totaling 682 new funds, a substantial increase of 94.3% compared to the same period in 2025, and a 29.2% increase from February.

Investment activity and scale both hit recent highs. In March, there were a total of 798 investment events domestically, a 45.1% increase month-on-month and a significant 69.4% rise year-on-year; the total disclosed investment amount was 69.45B yuan, up 30.6% from the previous month, and a 134.8% doubling compared to the same period last year.

Sina Finance Venture Plus focuses this month on three highly active market institutions, analyzing their investment pace, stages, industry preferences, and invested projects.

1B Software Information Fund Launched, 40% Invested in Advanced Manufacturing Sector

Combining information disclosed by the Asset Management Association of China, Tianyancha, and official websites, Yida Capital is a management entity under Jiangsu High-Tech Investment Group, established with funding from the Jiangsu Provincial Government. Currently managing over 120 billion yuan in assets. Its investment stages cover angel, startup, growth, and maturity phases, with fields including clean technology, health industry, new materials, advanced manufacturing, consumer services, cultural industry, and TMT sectors.

As of March 2026, Yida Capital had registered six new funds with a total committed capital of 6.68B yuan. Among them, Nanjing Gaotou Yida Zhanshin Ruanshi Equity Investment Fund Partnership (Limited Partnership) has a scale of 1 billion yuan, with investors including Jiangsu Nanjing Software and Information Service Industry Special Fund, Nanjing Jiangbei New Area High-Quality Development Industry Fund, Jiangsu Gaotou Group, Nanjing Innovation Investment Group, and Nanjing Qinhuai Industry Guidance Fund. The fund mainly invests in early-stage and growth-stage companies in software and information industries such as hardware, basic software, industrial software, application software, open-source software platforms, artificial intelligence, metaverse, big data, cloud computing, 6G/F6G, satellite communications in Nanjing.

Within the reporting period, Yida Capital disclosed 16 equity investment events, a 166.7% increase compared to the same period in 2025, and a 128.6% increase from February. Past data shows that Yida Capital has maintained a relatively steady investment frequency over the past year, with monthly investments fluctuating between 5-12 deals. The explosive growth in March set a new record for single-month investments, highlighting its strategic concentrated efforts.

In terms of investment stages, growth-stage projects dominate, with companies in Series B accounting for half, indicating its core strategy is to support companies that have passed the startup phase, have a preliminary business model verified, and are in rapid expansion and scaling. Pre-A, seed, and angel rounds together account for about a quarter, showing that Yida Capital has not abandoned early-stage investments but focuses on growth-stage projects with clear potential, forming a “early + growth” layered layout.

Regarding industry distribution, nearly 40% of Yida Capital’s investments are in advanced manufacturing, with half of these in integrated circuits. It also covers high-barrier, industry-linked segments such as communication manufacturing, sensing devices, aerospace, and others with clear growth prospects. In the new materials sector closely related to the advanced manufacturing supply chain, about 18.8% of invested companies, aligning with the national “manufacturing upgrade” strategy. Although investments in artificial intelligence and quantum technology are relatively small, they reflect forward-looking layouts in frontier technologies.

Regionally, as a local Jiangsu institution, Yida Capital has natural advantages in the province’s industrial clusters, enterprise resources, and policy environment. This month, its investments adhere to a “deeply cultivate local” strategy, with about 37.5% of invested projects registered in Jiangsu. Besides key economic regions like the Guangdong-Hong Kong-Macao Greater Bay Area, Yangtze River Delta, and Beijing-Tianjin-Hebei, the firm also extends its reach to the southwest, with Chongqing-based electronics component manufacturer “Glory Electronics” receiving several million yuan in investment.

Re-investment in Micro Semiconductors Accelerates Domestic Breakthrough

High-end semiconductor thin-film deposition equipment developer “Yanwei Semiconductor” recently completed Series A funding, raising nearly 700 million yuan. New investors include Shixi Capital, Jinshi Investment, Hillhouse Capital, Anxin Capital, Fengyuan Capital, Chenchen Capital, China Securities Investment, TEDA Tech Investment, Jinyuan Capital, Hefei Industrial Investment, Dian Shi Capital, and Yongxin Ark, with existing shareholders such as Hushan Capital, Xianghe Capital, Yida Capital, Xinke Capital, and Chunhua Capital continuing to increase their stakes.

Founded in 2022, Yanwei Semiconductor focuses on R&D, manufacturing, and sales of high-end semiconductor thin-film deposition equipment, precisely targeting core chip manufacturing processes. Its products include high-end ALD (Atomic Layer Deposition), PECVD (Plasma-Enhanced Chemical Vapor Deposition), and specialized epitaxy equipment, covering logic chips, memory chips, advanced packaging, power devices, and RF components, forming a full-scene product matrix that connects R&D, process verification, and mass production delivery.