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CM Venture Capital
Explore / Perspectives

Ideas at the edge
of industry

Our research and investment thinking, alongside the founders and industry leaders building tomorrow’s industries.

Dr. Min Zhou presenting at Innovation China Conference Spring 2026
CMVC Perspective

Beyond the Hype: Investment Opportunities in Physical AI

CMVC Perspective

Why China's and America's Robotics Booms are Fundamentally Different

Copper conductor ribbons and a gold ingot, illustrating copper scarcity and materials innovation CMVC Perspective

Beyond the Copper Price Surge: Where Will the AI Boom Create Opportunity?

People

From Intern to Investment VP to Startup

People

Reflections from My Secondment

Industry Leaders

From Technology to Business

Founder Insights

Define the Problem. Deliver the Commitment.

Xiwen Qing of Henkel speaking beside a presentation screen Practical Guide

Three Ways to Work with Large Enterprises

An optical lens highlights a copper form among material prototypes, illustrating disciplined startup selection Investment Approach

What Kind of Startups Are Worth Betting On?

Corporate Innovation

Why MANN+HUMMEL, an 80-Year-Old Filtration Leader, Invests in Early-Stage Startups

Founder Insights

Build the Deepest Partnerships, Expand the Widest Markets

Investment Perspective

The Great Maritime Fuel Shift

Portfolio News

CM Venture Capital Exclusively Leads Boea Wisdom Pre-A+ Round

Yokogawa Electric and CM Venture Capital representatives at the Evergreen Fund signing ceremony CMVC News

Yokogawa Electric Commits to CM Evergreen Fund

Investment Perspective

From Neuromorphic to Neurosymbolic AI

Min Zhou and Eric Ng holding the Evergreen Fund LP book Partnership

A VC That Measures Happiness

CVC Series

AI + Simulation: From Materials to Industry

Partnership

Btomorrow Ventures Returns as a Repeat LP

Partnership

ALTANA Commits to the Evergreen Fund

Insights

Launching the CM Evergreen Fund

CMVC Perspective

From “To China” to “From China”

CMVC Perspective

Championing Sustainable Growth from the Boardroom

Investment Approach

What Do Investors Look For?

Portfolio News

Econic Brings Surfactants Made from CO2 to market

CMVC Perspective

Innovation China 2025 Focuses on Decarbonization

CMVC Perspective

Enwise' Journey From Pepsico Accelerator to Factory Floor

Portfolio News

Why We Backed Citrine: AI That Turns Materials Knowledge into Better Products

Investment Perspective

China's Next Big Clean Energy Focus is Hydrogen

Renewable Carbon: Where the Commercial Opportunities BeginCMVC Perspective

Renewable Carbon: Where the Commercial Opportunities Begin

From Series A to HKEX: CMVC’s Journey with Guofu HydrogenUpdates

From Series A to HKEX: CMVC’s Journey with Guofu Hydrogen

Econic Raises Capital to Advance CO₂-Based MaterialsUpdates

Econic Raises Capital to Advance CO₂-Based Materials

The Invisible Film Behind a New Materials BusinessCMVC Perspective

The Invisible Film Behind a New Materials Business

Green Hydrogen in China: What Will Make the Economics Work?CMVC Perspective

Green Hydrogen in China: What Will Make the Economics Work?

How L’Oréal Turns Data into Personalized BeautyCMVC Perspective

How L’Oréal Turns Data into Personalized Beauty

Why We Backed InnoAero: AI-Designed Alloys for Satellite WiringCMVC Perspective

Why We Backed InnoAero: AI-Designed Alloys for Satellite Wiring

Why Unilever Is Exploring CO₂-Based Cleaning IngredientsUpdates

Why Unilever Is Exploring CO₂-Based Cleaning Ingredients

From Inspection to Action: Skysys Builds Autonomous Renewable-Energy MaintenanceUpdates

From Inspection to Action: Skysys Builds Autonomous Renewable-Energy Maintenance

Why Heraeus Backed Diamond Materials—and Partnered with CMVCLP Perspective

Why Heraeus Backed Diamond Materials—and Partnered with CMVC

AI for Materials: Why We Back Software in the US and Products in ChinaCMVC Perspective

AI for Materials: Why We Back Software in the US and Products in China

From Fund Partnership to Co-Investment: Heraeus Backs CSMHUpdates

From Fund Partnership to Co-Investment: Heraeus Backs CSMH

Biomanufacturing: The Hard Road from Lab to Commercial ScaleCMVC Perspective

Biomanufacturing: The Hard Road from Lab to Commercial Scale

Beyond the Wafer: Where Silicon Carbide Needs InnovationCMVC Perspective

Beyond the Wafer: Where Silicon Carbide Needs Innovation

A Catalyst Breakthrough for Hydrogen—and the Scale-Up Questions AheadCMVC Perspective

A Catalyst Breakthrough for Hydrogen—and the Scale-Up Questions Ahead

The Materials Bottlenecks Behind Hydrogen’s Cost CurveCMVC Perspective

The Materials Bottlenecks Behind Hydrogen’s Cost Curve

Conceptual illustration of polymers and useful materialsCMVC Perspective

Captured Carbon, Useful Materials: The Investment Case for CO₂-Based Plastics

Guofu Hydrogen refuelling equipmentCMVC Perspective

From Research to Series A: The Guofu Hydrogen Case Study

Conceptual illustration accompanying this investment perspectiveCMVC Perspective

The Three Gaps Between a Materials Breakthrough and a Business

Conceptual illustration accompanying this investment perspectiveCMVC Perspective

China’s Next Role: An Innovation Base for Global Business

Conceptual illustration accompanying this investment perspectiveCMVC Perspective

Reshoring Hard Tech: The Factory Is Only the Beginning