CDH Investments
About CDH Investments
CDH was established in 2002. Its founders are Wu Shangzhi, Jiao Shuge and four other investment professionals, who had worked together in the direct investment department of China International Capital Corporation since 1995. Wikipedia reports that CDH raised $102 million in 2003 for its first standalone fund. The firm has offices in Hong Kong, Singapore, Beijing, Shanghai and Shenzhen. It describes itself as a diversified platform covering private equity, real assets, venture and growth capital, mezzanine and credit, public equities and wealth management. A third-party profile says its Venture and Growth Capital (VGC) arm was founded in 2015. CDH does not publish the names of partners who lead AI deals, so none are listed here.
CDH's site groups part of its 300-plus company portfolio under "Artificial Intelligence & AI+". Examples there include Momenta, which works on AI for driving, and an enterprise AI agent operating system provider. A third-party profile describes the VGC thesis as favouring scientist-entrepreneur-led hard tech. It says the portfolio leans toward embodied AI and robotics (AGIBOT, Lumos Robotics), autonomous driving and semiconductors. Recent rounds on the Lounge deals desk show CDH is also active at the earliest stages. It led Synapath's $15M seed in September 2026 and Xspark AI's angel (seed) round of about $14.7M (CNY 100M) in July 2026. It also appears as an investor in Weiguang Dianliang's seed round of about $14.4M (CNY 100M) in March 2026, according to Crunchbase.
CDH does not publish a check size policy. One third-party database lists VGC as investing from Series A through growth, with checks of $5M to $50M. The AI rounds above were seed and angel rounds of roughly $14M to $15M in total, so CDH has also joined and led much earlier rounds. Founders should treat the database range as an estimate. The firm has not confirmed it.
- Momenta: autonomous driving software, listed by CDH as an AI portfolio company.
- AGIBOT: embodied AI and robotics company, listed in a third-party profile of the VGC portfolio.
- Lumos Robotics: robotics company, listed in the same third-party profile.
- Synapath: seed round of $15M in September 2026, led by CDH.
- Xspark AI: angel (seed) round of about $14.7M (CNY 100M) in July 2026, led by CDH.
- Weiguang Dianliang: seed round of about $14.4M (CNY 100M) in March 2026, with Ant Group among the investors.
Investing activity
CDH Investments appears in 3 AI deals tracked by the Lounge deals desk, rounds totalling $44M, and led 2 of them. The rounds are mostly Seed, with a median round size of $15M and the largest at $15M. The most recent are Synapath (Seed, $15M, Sep 2026), Xspark AI (Angel (seed), $14.7M (CNY 100.0M), Jul 2026) and Weiguang Dianliang (Seed, $14.4M (CNY 100.0M), Mar 2026).
CDH Investments most often invests alongside Kunpeng Fund, Coe Capital, Yihe Capital and Trend Capital, and the companies it backs on Lounge are mostly in AI.
Deals
Frequently asked questions about CDH Investments
Who founded CDH Investments and when?
CDH was founded in 2002 by Wu Shangzhi, Jiao Shuge and four other investment professionals from China International Capital Corporation's direct investment department.
Does CDH Investments invest in AI startups?
Yes. It lists an Artificial Intelligence & AI+ category in its portfolio. It recently led seed and angel rounds in Synapath and Xspark AI.
What check size does CDH Investments write?
CDH does not publish check sizes. A third-party database lists $5M to $50M for its venture and growth arm. CDH's recent AI seed and angel rounds were about $14M to $15M.
What stage does CDH Investments invest at?
Its venture and growth arm is listed as covering Series A to growth. Recent deals show it also leads seed and angel rounds in AI.
Where is CDH Investments based?
Its offices are in Hong Kong, Singapore, Beijing, Shanghai and Shenzhen. Its focus is China.
What AI companies has CDH Investments invested in?
CDH Investments's AI investments include Synapath, Xspark AI and Weiguang Dianliang. The 3 rounds on Lounge are listed on this page with amounts, dates and co-investors.
Who does CDH Investments co-invest with?
CDH Investments's most frequent co-investors on Lounge are Kunpeng Fund (1 deal), Coe Capital (1 deal), Yihe Capital (1 deal), Trend Capital (1 deal) and Guangzhou Industrial Investment Group (1 deal).
How can founders reach CDH Investments?
Founders on Lounge can see CDH Investments's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add CDH Investments to their Investor Pipeline to track the conversation.