Hangzhou Runmiao Fund (杭州润苗基金) is an early-stage venture fund founded in November 2025 under Hangzhou’s state-owned capital system. With a first-phase size of RMB 2 billion and a 20-year duration, the fund focuses on backing technology start-ups that are less than five years old, emphasising “early, small, long-term and hard-tech” investments to nurture young science-and-technology companies in Hangzhou.
Notable Investments