ICY Capital
Overview
ICY Capital is a private equity and venture capital firm founded in 2010 and based in Shanghai, China. It is the investment arm of Shenergy Group. The firm primarily invests in companies based in China across a diverse range of sectors, including TMT (Technology, Media, and Telecom), new energy, environmental protection, advanced manufacturing, smart cities, healthcare, and business services.
Portfolio Companies
6
Website
icy-capital.comInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| T-MOTOR | - | Series A | Co-investor |
| Zhonghao Xinying | May 2023 | Series B | Co-investor |
| Lumos Robotics | Dec 2025 | Seed | Co-investor |
| Carmery New Materials | May 2024 | Angel | Co-investor |
| PhotonIC Technologies | Oct 2022 | Series C Extension | Co-investor |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is ICY Capital based?
ICY Capital is headquartered in Shanghai, Shanghai, China.
When was ICY Capital founded?
Founding year information for ICY Capital is not publicly available.
How many portfolio companies does ICY Capital have?
ICY Capital has 6 portfolio companies in Caplight's dataset.
What are some companies in ICY Capital's portfolio?
Portfolio companies visible on Caplight include T-MOTOR, Zhonghao Xinying, Lumos Robotics, Carmery New Materials, PhotonIC Technologies.
What was ICY Capital's most recent investment shown here?
ICY Capital's most recent investment in this portfolio sample was in Lumos Robotics in 2025.
What sectors does ICY Capital focus on?
ICY Capital focuses on AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Energy & Sustainability, AI, Data & Cloud Infrastructure, Telecommunications & Networking, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Mobility, Transportation & Logistics, Telecommunications & Networking, Frontier & Industrial Tech.
What company stages does ICY Capital focus on?
ICY Capital typically invests at the Early stage.