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General Information
DescriptionTechnology Incubator & Early Stage VC


Fund I, 8/2011 $180M
Fund II, 9/2012 $224M
Founding fund, 9/2009 $115M
Series B, 9/2011 $180M
Series A, 6/2011 $114M


Beijing Headquarters
Dinghao Tower A, 10th Floor
#3 Haidian Street
Beijing, 100080, CHN


Co-Founder & Managing Partner
Co-Founder & Director of Media and GR
COO and Partner
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Innovation Works (China)

Innovation Works was founded in September, 2009 by Dr. Li Kaifu.

Innovation Works is an investment institution committed to investment of early-stage and all-dimensional entrepreneurship education, aiming at cultivating innovative talents and new generation high-tech enterprises. Innovation works provides startups with a package of services including capital, business, technology, marketing, human resources, legal consulting, training etc., and help them to successfully set up and grow. Meanwhile, the company allows entrepreneurs to create a number of products with the most market value and commercial potential.

The innovation works will mainly invest in the hottest fields of the information industry: mobile Internet, consumer Internet, electronic business and cloud calculation.

Recent Milestones


Company Date Round Size Participants
Wandoujia 1/2014Series B$120M3
Xiaoying 11/2013Angel$815k1
Moxtra 9/2013Series A$10M4
Distill 9/2013Seed$1.3M9
Kamcord 8/2013Seed$1M2
Face++ 7/2013Series A1
Strikingly 4/2013Seed$1.5M9
AVOS Systems 4/2012Series A4
Tiangua Online 1/2012Series A$1M1
Leiyoo 12/2011Series A2
Tiangua Online 12/2011Angel$100k1
Zhihu 11/2011Series A$1.62M2
DianDian 4/2011Series A$10M3
Wandoujia 2011Series A$8M2
Umeng 11/2010Venture Round1



  1. Impressive List Of U.S. Investors Drops $180 Million Into Chinese Startup Incubator ( [edit]
  2. China's Innovation Works Secures $224M for Second Close of New Fund ( [edit]
  3. Q & A: Google China's Kai-Fu Lee on his new Chinese startup incubator ( [edit]
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    Diandian Jack Xu: Mobile Strategy is Why We Are Different From Tumblr ( [edit]
  7. Wandoujia, One Of China’s Leading App Stores, Lands $120M In New Funding Led By SoftBank ( [edit]
  8. Mobile Video Service Xiaoying Secured 5 Million Yuan Angel Investment from Innovation Works ( [edit]
  9. Moxtra Raises $10M in First Funding Round ( [edit]
  10. Distill Raises $1.3M To Make Technical Recruiting, Hiring Dead Simple ( [edit]
  11. Kamcord Nabs Another $1M In Seed Funding To Help Build A Community Around Mobile Game Recordings ( [edit]
  12. Face Recognition API Provider Face++ Secured Series A Financing from Innovation Works ( [edit]
  13. Strikingly Raises $1.5M in Seed Funding ( [edit]
  14. AVOS Systems Secures Series A Funding From New Enterprise Associates, Google Ventures, Madrone Capital, and Innovation Works ( [edit]
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  16. HTML5 Games Developer Leiyoo Raises Funding From Innovation Works, WI Harper Group ( [edit]
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  19. Innovation Works invested in DianDian ( [edit]
  20. Chinese Android App Distributor Wandoujia Announces $120 million Funding Led by SoftBank ( [edit]
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Last Edited 4/11/14

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