Firms

Baidu Ventures

Baidu Ventures

baidu-ventures.combaidu-venture.com

Baidu Ventures (BV) is an independent venture-capital firm initiated by Baidu Group in 2017. It backs early-stage artificial-intelligence businesses across generative AI, embodied intelligence and robotics, autonomous driving, advanced computing and life sciences. Its current official directory names Xue Gao as CEO and managing partner and Jinling Zhang as CFO and managing partner. The firm operates from Beijing and manages both dollar and renminbi funds; its website reports more than 200 portfolio companies worldwide. Baidu Ventures is distinct from Baidu’s corporate investment department and Baidu Capital. The English singular-domain site is currently offline at its CDN; the live plural-domain official site provides the current named team, original portraits and brand asset. An issuer-attributed 2021 statement reports completion of its third fund at USD400 million, with no exact closing day or legal vehicle name established. The Cayman vehicle BV Fund II L.P. has a separately identified general partner, Baidu Ventures GP II, L.P.; its legal existence does not establish its final cash size. Parent ownership, assets under management, targets and portfolio partnership dates are not recorded as company financing or fund closes.

Founded
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Type
Venture capital

Funds2

  • Baidu Ventures third fund — 2021 close; legal vehicle unspecified$400M

    Completed third-fund fundraising USD400M reported in a statement explicitly attributed to BV百度风投 and syndicated Nov18,2021. Exact cash-closing day and statutory vehicle name unspecified. Not combined with USD700M assets managed and not arbitrarily named BV Fund III LP.

  • BV Fund II L.P.—

    Cayman exempted limited partnership, GP Baidu Ventures GP II LP ultimately controlled by Baidu Inc.; Fresco Mobile Limited holds approximately99.99% LP interests. Exact final capital and close day not disclosed in primary legal identity proof. Separate from PRC renminbi partnerships and brand-level portfolio relationships.

Team

Operations and support

Jinling ZhangJinling ZhangCFO / Managing Partner
Xue GaoXue GaoCEO / Managing Partner

Co-investing

6 Dimensions Capital
DHVC (Danhua Capital)
EDBI
Nest.Bio Ventures
Sequoia

Investments

$—Unknown dateNeuracle Medical TechnologyBaidu Ventures
$255M2021-06-22Insilico Medicine(3696.HK)Sequoia, CPE, Form Ventures, Qiming Venture Partners USA, Baidu Ventures, Sinovation Ventures
$43M2021-05-26Engine BiosciencesPolaris Partners, 6 Dimensions Capital, DHVC (Danhua Capital), Nest.Bio Ventures, EDBI, WI Harper Group, Baidu Ventures, WuXi AppTec, Vectr Ventures, The Invus Group, LLC, Goodman Capital
$45M2018-03-07AtomwiseKhosla Ventures, Tencent Investment, DCVC, DFJ Growth, Dolby Family Ventures, Y Combinator, Baidu Ventures, Matt Ocko
$10M2018-01-31Engine Biosciences6 Dimensions Capital, DHVC (Danhua Capital), Pavilion Capital, Nest.Bio Ventures, EDBI, WI Harper Group, Baidu Ventures, WuXi AppTec
$60M2016-06-22CircleGeneral Catalyst, Breyer Capital, IDG Capital, Baidu Ventures, CreditEase, Wanxiang Group Corporation
$2.8B2015-02-18UberSequoia, Kleiner Perkins, Wellington Management, TPG Biotech, Menlo Ventures, Baidu Ventures