Funding
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HSG

Activity from announced rounds

All recorded activity

HSG is the investment firm formerly known as Sequoia China, as identified in Clipto’s financing release. Full-Life also names it in its own announcement.

Recorded funding activity

The recorded activity includes Anew’s AI drug discovery, Clipto’s video-library tools and Math Magic’s generation of 3D models and physical products. Named HSG funds retain their separate identities.

Sources
Rounds participated in
13
Confirmed lead rounds
1
9 roles undisclosed
New companies
13
First participation on record · 0 follow-on
Funding in participating rounds
$1.2B
10 disclosed · full round size, not this investor’s share

By stage

Undisclosed6
Series A5
Growth1
Series C+1

By primary sector

AI4
Biotech3
Fintech2
Healthtech2
Consumer1
1 more
Robotics1

By country

China7
United States3
Singapore2
Saudi Arabia1

Rounds

13 in all activity
Manus

Manus develops AI agents that use cloud computers to carry out research, coding and other multi-step tasks.

>$500MUndisclosed
Participant
Anew Labs

An AI drug-discovery company that combines molecular models, experimental biology and a drug pipeline to identify and develop new medicines.

$290MFunding
Lead
Tabby

Tabby provides instalment payments, consumer credit and money-management services in Saudi Arabia and the UAE.

$233MSeries F
Participant
Clipto

Clipto builds AI tools for searching and working with video and audio libraries.

$15MFunding
Participant
Math Magic

AI platform generating 3D models and personalized physical products

UndisclosedSeries A+
Role not disclosed
Full-Life Technologies

Clinical-stage radiotherapeutics company developing targeted cancer therapies with integrated isotope manufacturing

$150MSeries D+Debt
Role not disclosed
ROBOTERA

Builds humanoid robots with fully in-house hardware for logistics and industrial deployment at scale

$200MGrowth
Role not disclosed
Pulnovo Medical

Develops interventional therapies for pulmonary hypertension and heart failure

$100MStrategic
Role not disclosed
Dify

Helps teams build deploy and operate production-grade AI applications and agentic workflows

$30MPre-Series A
Role not disclosed
KAST

Provides USD-denominated accounts and global financial tools built on stablecoin rails

$80MSeries A
Role not disclosed
Spiro Medical

Develops a Pulmonary Neuromodulation System for asthma treatment

$67MSeries A
Role not disclosed