Recent Funding
Investors
Trustbridge Partners

Trustbridge Partners portfolio

Trustbridge Partners has 2 portfolio companies on record at Recent Funding.

Website: trustbridgepartners.com.

Type: Private equity.

Portfolio on Recent Funding: 2.

Deals, last 12 months: 0.

Rounds led: 1 of 3.

Capital in their rounds: $106M.

Latest deal: Cherre · Sep 18, 2024.

About this page

It is a private equity firm based in Shanghai, CN, founded in 2014. It led 1 of the 3 rounds it joined. Its most recent investment on record is Cherre's $30M Series B+ round in September 2024, alongside Glilot Capital Partners, HighSage Ventures, Nuveen and 3 others. By category, its portfolio leans toward Data and analytics (1) and Real estate and construction (1). It has co-invested with Intel Capital, Glilot Capital Partners and Carthona Capital, most often Intel Capital (2 rounds).

About Trustbridge Partners

Firm type: Private equity.

Headquarters: Shanghai, CN.

Founded: 2014.

Stages: Series B, Series C, Growth, Late Stage.

Sectors: Consumer, EdTech, Healthtech.

The companies Trustbridge Partners bought, as a private equity firm: Trustbridge Partners acquisitions.

Fund returns

Fund	Vintage	Size	Net IRR	TVPI	DPI	As of
Trustbridge Partners IV L.P.	2011	—	14.8%	3.20x	2.26x	Sep 30, 2025

What Trustbridge Partners invests in

Trustbridge Partners recent investments

Company	Round	Date	Alongside
CCherre	Series B+ · $30M	Sep 18, 2024	Glilot Capital Partners, HighSage Ventures (lead), Nuveen +3
HHystar	Series B+ · $26M	Jan 11, 2023	SINTEF Venture AS, Finindus, Nippon Steel Trading +4
CCherre	Series B+ · $50M · lead	Apr 22, 2021	Glilot Capital Partners, First Citizens Innovation Banking, Harvard Business School Alumni Angels of Greater NY +4

How Trustbridge Partners invests

Stage	Deals	Capital in rounds
Series B+	3 100%	$106M

Year	Deals	Capital in rounds
2021	1 33%	$50M
2023	1 33%	$26M
2024	1 33%	$30M

Trustbridge Partners portfolio companies

CCherre$30MSeries B+ · Sep 2024
HHystar$26MSeries B+ · Jan 2023

Company	Round with Trustbridge Partners	Total raised	Latest raise
CCherre Data and analytics	Sep 18, 2024 Series B+ · $30M	$105M	Sep 18, 2024 Series B+
HHystar Climate and energy	Jan 11, 2023 Series B+ · $26M	$62M	May 13, 2025 Series B+

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Data and analytics).

How this is counted

Net returns as reported by the public-pension and foundation LPs invested in each fund.

Firm profile and fund returns: Fundraising Fox Open Dataset v2026-09, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Share is of the 3 rounds on Recent Funding that name Trustbridge Partners. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Trustbridge Partners, which is a subset of its real portfolio. API: /api/v1/investors/trustbridge-partners (get a free API key). More: the most active VC firms and new venture capital funds.