AI CAPITAL INTELLIGENCE
启航投资芯创二期基金 | Institution profile
Institution at a glance
Qihang IC Park Chuangxin Fund II (启航芯创二期基金; IC PARK Chuangxin Fund II) is a CNY 500 million industrial fund for hard tech. Public sources identify its full name as Beijing Zhongfa Chuangxin Integrated Circuit Technology Venture Capital Fund (Limited Partnership), jointly initiated by Zhongguancun IC Design Park (IC PARK) and Qihang Investment. Its manager is Beijing Qihang Venture Capital Management Co., a member of Zhongguancun Development Group. The fund focuses on core integrated-circuit technology, frontier technology and advanced manufacturing.
Source verification date: · Public sources use the names “Qihang IC Park Fund II,” “IC PARK Chuangxin Fund II” and the fund’s partnership name. Reported 35.3% gross IRR and the “Little Giant” share relate to Phase I and must not be treated as Phase II returns. D-Robotics’ USD 400 million round total is not this fund’s individual investment.
Names follow their disclosed form. Descriptive English renderings of Chinese names are not verified legal names. Original quotations are shown in their source language.
Key facts
| Full name and public names | Beijing Zhongfa Chuangxin Integrated Circuit Technology Venture Capital Fund (Limited Partnership); also called Qihang IC Park Fund II and IC PARK Chuangxin Fund II |
|---|---|
| Fund size | CNY 500 million |
| Initiators | Zhongguancun IC Design Park (IC PARK)、Qihang Investment |
| Fund manager | Beijing Qihang Venture Capital Management Co., a member of Zhongguancun Development Group |
| Manager background | A Future Science City profile says Qihang Investment was established in August 2016 and has team experience in investment, law, banking and industry, with a focus on hard-tech fields including next-generation information technology and smart manufacturing. |
| Investment focus | Core integrated-circuit technologies、Frontier technology、Advanced manufacturing |
| Public Phase I figures (not Phase II performance) | A science and technology platform reported a 35.3% gross IRR for Chuangxin Fund I as of the end of 2023 and said 60% of Phase I portfolio companies had been recognized as national-level “Little Giants.” |
| Disclosed portfolio company | Official Zhongguancun Development Group and IC PARK sources identify D-Robotics as a Chuangxin Fund portfolio company and list Fund II among participants in its 2026 Series C. |
Milestones
- 2016-08
The Future Science City platform lists Qihang Investment’s establishment; this is the manager’s date, not the fund’s.
- 2024-03
Zhongguancun Development Group’s timeline records the establishment of IC PARK Chuangxin Fund II.
- 2026-09-17
D-Robotics announced its USD 400 million Series C, with Fund II listed among participating investors.
Public record
- Listed as a participant in D-Robotics’ 2026 Series C. The reported USD 400 million is the total round size; the fund’s individual contribution was not disclosed.
- The group and IC PARK’s official announcement confirms D-Robotics as a Chuangxin Fund portfolio company and names Fund II among Series C participants.
- Phase I’s reported gross IRR and “Little Giant” portfolio share are historical Phase I figures, not evidence of Phase II performance.
Official contact details
- Public sponsor information; not a direct fund application channel: Zhongguancun Development Group / IC PARK
Sources
- 1. D-Robotics Series C financing · Sina Finance
凯辉基金、华美国际投资集团、广发信德、超越摩尔、启航投资芯创二期基金等机构联合跟投Original Chinese-language excerpt
- 2. Qihang IC Park Fund II and manager profile · Future Science City
启航芯创二期基金由中关村发展集团成员单位北京启航创业投资管理有限公司（以下简称“启航投资”）担任管理人，基金规模5亿元。该基金紧密围绕北京市战略部署，以提升创新活力、赋能企业成长为核心，重点聚焦前沿科技、先进制造领域。Original Chinese-language excerpt
- 3. IC PARK Fund II and Phase I information · National Science and Technology Innovation Center platform
近期，中关村集成电路设计园完成了IC PARK芯创二期基金的设立，总规模达5亿元人民币，该基金重点关注并投资集成电路领域中掌握核心技术的优秀创业企业，意在助力这些初创企业成长为硬科技行业的领军者。Original Chinese-language excerpt
- 4. D-Robotics Series C and IC PARK fund profile · Zhongguancun Development Group
芯创二期基金、凯辉基金、华美国际投资集团有限公司、广发信德、超越摩尔等一线投资机构联合跟投Original Chinese-language excerpt
- 5. Zhongguancun Development Group milestones
2024-03-31 3月，IC PARK芯创二期基金-北京中发芯创集成电路科技创业基金（有限合伙）设立。Original Chinese-language excerpt
- 6. Original source
启航投资，成立于2016年8月，核心团队汇聚了来自国内顶尖投行、投资机构、律所及产业龙头的资深人士。团队不仅在新一代信息技术、智能制造等硬科技领域具备深厚的研究积淀和丰富的投资实战经验。Original Chinese-language excerpt
- 7. Original source
截至去年年底，芯创一期基金的毛内部收益率高达35.3%，显示出了优秀的投资回报率。Original Chinese-language excerpt
- 8. Original source
芯创基金是一支由IC PARK、启航投资共同发起设立的专业产业基金，坚持“投早、投小、投硬科技”，重点投资集成电路领域掌握核心技术的优秀创业企业。Original Chinese-language excerpt