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Top 50 Fitness Startup Investors in China (July 2026)

The most active venture capital funds and angel investors investing in China Fitness startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Fitness startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Plum Ventures
VC Fund
5 China, United States, Hong Kong Series A, Angel, Seed E-Commerce, Manufacturing, Software $425k–$16M
Panda Capital
VC Fund
4 China, United States, Malta Seed, Series A, Angel Blockchain, Information Technology, Robotics $140k–$16M
Frees Fund
VC Fund
3 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Health Care, Biotechnology $425k–$35M
Matrix Partners China
VC Fund
3 China, United States, Singapore Series A, Series B, Seed Health Care, Biotechnology, Software $1.6M–$113M
Fosun International
VC Fund
2 China, United States, Israel Series A, Series B, Series C Health Care, Manufacturing, Information Technology $1.4M–$97M
Kleiner Perkins
VC Fund
2 United States, China, United Kingdom Series B, Series A, Series C Software, Information Technology, Health Care $5M–$110M
Partech
VC Fund
2 United States, France, Germany Series A, Seed, Series B Software, E-Commerce, SaaS $1.1M–$55M
Yanyu Venture Capital
VC Fund
2 China Angel, Seed, Series A Sports, Fitness, Women's $828k–$4.1M
Ameba Capital
VC Fund
2 China, United States, India Angel, Series A, Seed Software, E-Commerce, Health Care $425k–$20M
SIG China (SIG Asia Investments)
VC Fund
2 China, United States, Singapore Series B, Series A, Series C Software, E-Commerce, Artificial Intelligence $3.1M–$134M
Shunwei Capital
VC Fund
2 China, United States, India Series A, Series B, Series C Manufacturing, Software, Internet $1.4M–$100M
Legend Star
VC Fund
2 China, United States, France Series A, Seed, Angel Health Care, Medical, Robotics $425k–$112M
PreAngel
VC Fund
2 China, United States, Switzerland Angel, Seed, Series A Internet, Software, Blockchain
China Equity
VC Fund
2 China, United States, Canada Series A, Series B, Series C Software, Internet, Information Technology $1.4M–$156M
Scrum Ventures
VC Fund
2 United States, Japan, China Seed, Series A Software, Artificial Intelligence, Information Technology $1.3M–$31M
Tamarace
VC Fund
2 China Angel, Seed, Series A Software, Information Technology, Medical $425k–$5.7M
Fenghou Capital
VC Fund
2 China Angel, Series A, Seed Information Technology, Automotive, Information Services $425k–$14M
BAI capital
VC Fund
2 China, United States, Hong Kong Series A, Series B, Seed Software, Internet, Financial Services $3M–$100M
36Kr
VC Fund
2 China Series A, Seed, Series B Manufacturing, Sports, Enterprise $1.4M–$43M
SOSV
VC Fund
2 United States, India, United Kingdom Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software
Agile Fund
VC Fund
2 China Series A Fitness, Health Care, Mobile
SkyChee Ventures
VC Fund
2 China, United States, Hong Kong Seed, Series A, Angel Artificial Intelligence, Software, Information Technology $425k–$16M
Lighthouse Capital Management
VC Fund
2 China, United States, Czech Republic Series A, Seed, Angel Hardware, Software, Apps $425k–$50M
Vision Knight Capital
VC Fund
1 China, Malaysia, Thailand Series A, Series B, Seed Manufacturing, Artificial Intelligence, Food and Beverage
Huaang Intelligent
VC Fund
1 China Seed Sports, Fitness, eSports
Lijie Wang
Angel
1 China, United States Seed, Pre-Seed, Angel Manufacturing, Aerospace, E-Commerce
Initial Capital
VC Fund
1 United Kingdom, United States, Finland Seed, Series A Gaming, Mobile, Software
Black Ant Group
VC Fund
1 China Series B, Series A, Angel Retail, Food and Beverage, Tea
C Ventures
VC Fund
1 China, United States, United Kingdom Series A, Seed, Series B Fashion, E-Commerce, Artificial Intelligence
IDG Capital
VC Fund
1 China, United States, India Series A, Series B, Series C Software, Internet, E-Commerce
Amphora Capital
VC Fund
1 China, United States Series A, Angel, Seed Health Care, Medical, Manufacturing
37 Interactive Entertainment
VC Fund
1 China, Canada, Finland Series A, Seed Food and Beverage, Information Technology, Augmented Reality
Shiwei Venture Capital
VC Fund
1 China Seed, Angel, Series A Information Technology, Sports, Manufacturing
Tsing Capital
VC Fund
1 China, United States, Canada Series A, Series B Electronics, Energy, Manufacturing
Joy Capital
VC Fund
1 China, United States, Canada Series B, Series A, Series C E-Commerce, Food and Beverage, Automotive
NIO Capital
VC Fund
1 China, United States Series B, Series A Automotive, Energy, Transportation
Zuoyu Capital
VC Fund
1 China Series A, Seed, Angel Autonomous Vehicles, Media and Entertainment, Automotive
BlueRun Ventures
VC Fund
1 China, United States, South Korea Series A, Series B, Seed Software, Mobile, Robotics
CloudWise
VC Fund
1 China, Germany Seed Sports, Fitness, Analytics
Entertainment Factory
VC Fund
1 China Seed Sports, Fitness, Training
One Capital
VC Fund
1 China, Japan, Nigeria Series A, Seed, Angel Information Technology, Manufacturing, Virtual Reality
Fosun RZ Capital
VC Fund
1 China, United States, India Series A, Series B, Seed E-Commerce, Software, Information Technology
The Arena Capital
VC Fund
1 China Series A, Angel, Seed Sports, Food and Beverage, Tea
Golden Rain Bogor
VC Fund
1 China, United States Series A, Seed Manufacturing, Health Care, Medical
Whales Capital
VC Fund
1 China Series A, Series B, Angel Education, Apps, Solar $3.6M–$11M
Meridian Capital Asia
VC Fund
1 China, Latvia, Hong Kong Series A, Angel, Series B Internet, Software, E-Commerce $425k–$28M
Chengwei Capital
VC Fund
1 China, United States, Germany Series A, Series B, Seed Software, Manufacturing, Internet $2.8M–$57M
Aixiang Capital
VC Fund
1 China Series A Fitness, Medical, Wellness
Ivy Capital
VC Fund
1 China, United States Series A, Series B, Seed Manufacturing, Information Technology, Software $1.4M–$20M
BioTrack Capital
VC Fund
1 China, United States, Singapore Series A, Series B, Seed Biotechnology, Health Care, Medical $14M–$168M
Access all 195 investors in China Fitness startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Plum Ventures
VC Fund · Changzhou, Zhejiang, China · 5 investments in China Fitness startups, 29 in the past 12 months

Plum Ventures is a venture capital company that aims to encourage young people to become entrepreneurs. It specializes ins providing seed and early-stage investments in the technology, new media, and telecommunications industry. The firm was founded in May 2014 and is based in Changzhou, China.

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Investment focus

  • Industry: E-Commerce, Manufacturing, Software
  • Stage:Series A, Angel, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 217
  • Round size: Seed $1.4M–$10M; Angel $425k–$6M; Series A $1.4M–$16M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Zhicheng AI — Zhicheng AI is a developer of general-purpose artificial intelligence robots, dedicated to designing and building intelligent robotic systems that integrate advanced AI algorithms, perception technologies, and adaptive learning capabilities
  • Nansu Technology — Nansu Technology is a digital medical technology company that focuses on the treatment of pan-brain dysfunction.
  • Delta Intelligence Technology — Delta Intelligence Technology is a next-generation embodied intelligence company focused on integrating advanced artificial intelligence with physical systems to create machines that can perceive, learn, and act in the real world.
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Panda Capital
VC Fund · Shanghai, Shanghai, China · 4 investments in China Fitness startups

Founded in 2015, Panda Capital is a new generation venture capital firm in China focused on early-stage businesses powered by innovative and disruptive technology.Panda Capital is a disciplined early-stage investor focused on companies from Angel to Series B stages and strive to become their first or the second institutional investor.We focus onfast-growing tech startups in areas including Data Driven AI Applications, Enterprise Services, Fintech, Logistics, Mobility & Transportation, and New Generation Consumer Trends.Our family of portfolio companies include: Mobike (Now as Meituan Bike), Atzuche, Mi-Me Financial, 1ziton, Intengine Technology, Xunyi (Antwork), Robot++, Aiwhale, Dr. White and Fulmz AI, etc. Panda Capital have received various awards including "2017 & 2018 China Venture Capital Firms Top 10" by Zero2IPO, “2017 China’s Best Venture Capital Firms Top 10” and “2017 China’s Best Return Venture Capital Firms Top 10” by China Venture, and “2017 China Venture Capital Firms in Sharing Economy Top 10” by 36Kr, etc.

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Investment focus

  • Industry: Blockchain, Information Technology, Robotics
  • Stage:Seed, Series A, Angel
  • Geography: China, United States, Malta

Investor stats

  • Total investments: 55
  • Round size: Seed $1.4M–$7.7M; Angel $140k–$1.5M; Series A $1.4M–$16M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $96M in 2018

Portfolio highlights

  • Blue Protein — Blue Protein is a biotechnology company that focuses on the research and development of animal feed or edible insects.
  • Five hundred — Five hundred is an e-Commerce platform providing farm fresh fruits and vegetables to customers on a subscription basis.
  • Theia Studios — Icons of Theia - a tactical turn based strategy game
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Frees Fund
VC Fund · Beijing, Beijing, China · 3 investments in China Fitness startups

By adopting revolutionary mechanisms, FREES FUND is devoted to change the long-established rules in the venture capital. By leveraging the cutting-edge technologies and resources, FREES FUND aims at investing in great startups and helping them grow into great enterprises that are valuable to our society. We mainly invest in early-stagestartups, and hope to become their first-round institutional investor. Our primary interested areas are broad-sense TMT (Technology, Media, Telecom), B2B and deep technology.

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Investment focus

  • Industry: Artificial Intelligence, Health Care, Biotechnology
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 213
  • Round size: Seed $1.4M–$14M; Angel $425k–$17M; Series A $1.4M–$35M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $130M in 2015

Portfolio highlights

  • SoundAI — Sound Technology is a science and technology innovation company that specializes in acoustics frontier technology and artificial intelligence interaction. It is committed to lead the more interactive experience of artificial intelligence in the real environment and realize the human-computer interaction vision that "listen to you and know whatyou think".
  • Methuselah — Methuselah is a research and development manufacturer of medical nutritional food.
  • Jiajin Biotech — Jiajin Biotech is a pharmaceutical R&D service provider. It specializes in the development of antibody-small nucleic acid conjugates.
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Matrix Partners China
VC Fund · Beijing, Beijing, China · 3 investments in China Fitness startups

Matrix Partners China builds long-term relationships with entrepreneurs and helps them build significant, industry-leading companies.Since its inception in 1977, Matrix Partners China has made hundreds of investments and played an active role in the development of many successful businesses, 50 of which went on to IPO, and 75 of which have goneon to profitable M&A events. The firm consistently ranks in the top venture firms in terms of returns to its investors.Matrix Partners China combines local knowledge with global experience and vision. Its team consists of both former entrepreneurs and experienced investors. Its past successes include Focus Media, Eachnet, and Baidu, among others. The company invests across multiple sectors and stages.

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Investment focus

  • Industry: Health Care, Biotechnology, Software
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 459
  • Round size: Seed $1.6M–$32M; Series A $2.9M–$57M; Series B $10M–$113M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • TT Yuyin — Quwan provides services including instant voice messaging, social gaming, esports, and game distribution. It operates TT Voice, which started as a voice chat application designed for mobile gamers and was later developed into a social gaming platform. It focuses on developing personalized services for the Gen Z audience.
  • Huangbaoche — Huangbaoche is a travel service providing tour packages and booking services. Huangbaoche has over 100,000 Chinese-speaking drivers and tour guides providing airport pick-up services, chartered car services, and guided tours in over 1,500 overseas travel destination cities in 80 countries.
  • Jiajin Biotech — Jiajin Biotech is a pharmaceutical R&D service provider. It specializes in the development of antibody-small nucleic acid conjugates.
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Fosun International
VC Fund · Shanghai, Shanghai, China · 2 investments in China Fitness startups

Fosun International Limited is a Hong Kong-based investment holding company engaged in financial, property, steel, and healthcare businesses. The Company has nine segments. Insurance operates and invests in insurance businesses. Investment is engaged in strategic investment, private equity investment, venture capital investment, and secondarymarket investment.Fosun International Limited was founded in 1992.

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Investment focus

  • Industry: Health Care, Manufacturing, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Israel

Investor stats

  • Total investments: 121
  • Round size: Series A $1.4M–$16M; Series B $4M–$35M; Series C $4.3M–$97M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • ROBOT++ — Robot++ is a research and development of intelligent robots company.
  • Tong Tong Pay — Tong Tong Pay has a financial payment system and has developed payment products such as fast payment, online banking payment, account payment, certified payment, and prepaid card payment. It is a financial payment service provider. For inquiries, email, telephone numbers, and physical addresses are available on their website.
  • Digital Asset Clearing Center — DACC's technology links blockchain networks with conventional payment infrastructure, such as China's Cross-Border Interbank Payment System (CIPS), to offer clearing and settlement services for tokenized assets.
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Kleiner Perkins
VC Fund · Menlo Park, California, United States · 2 investments in China Fitness startups

Kleiner Perkins is an American venture capital firm headquartered on Sand Hill Road in Menlo Park in Silicon Valley.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Series B, Series A, Series C
  • Geography: United States, China, United Kingdom

Investor stats

  • Total investments: 1161
  • Round size: Series A $5M–$50M; Series B $10M–$74M; Series C $12M–$110M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Airware — Airware is an enterprise drone analytics company enabling enterprises to harness aerial data and turn it into valuable business insights that can be shared and acted on across sites, teams, and geographies. Their solutions enable enterprises to reinvent their organizations for the digital era by translating aerial data into business impact. Dronesare enabling companies to more efficiently and effectively capture data, and Airware allows enterprises to integrate this data with existing information and workflows to improve efficiency, productivity, and safety. Airware provides aerial insights drone solutions for insurance, mining, construction, and aggregates.
  • Telogis — Telogis provides a comprehensive cloud-based Mobile Enterprise Management (MEM) software platform for companies that require dynamic routing, real-time work order management, navigation, telematics and mobile integration services for their mobile workforces. Telogis’ consistent innovation drives its ability to provide near-instant return oninvestment while improving driver safety and efficiency and reducing the environmental impact of commercial vehicles. Founded in 2001, Telogis is headquartered in Aliso Viejo, Calif. and has development and support centers in Australia and New Zealand, Latin America, Europe and throughout North America. Its products and services are used and distributed in more than 100 countries worldwide.
  • Nextdoor — Nextdoor is the neighborhood hub for trusted connections and the exchange of helpful information, goods, and services.
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Partech
VC Fund · Paris, Ile-de-France, France · 2 investments in China Fitness startups

Partech is a global venture capital firm with offices in San Francisco, Paris, Berlin and Dakar. Partech invests in Internet and information technology startups at seed, venture and growth stages.

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Investment focus

  • Industry: Software, E-Commerce, SaaS
  • Stage:Series A, Seed, Series B
  • Geography: United States, France, Germany

Investor stats

  • Total investments: 539
  • Round size: Seed $1.1M–$9M; Series A $4.2M–$27M; Series B $9M–$55M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Agicap — Agicap develops and sells a SaaS platform for SMBs to manage and forecast their cash flows. Agicap allows business owners to build dynamic, reliable forecasts and have real-time visibility over their current and future cash position. This data, which can be easily shared with banks, makes it easier for SMBs to access financing options and reducesthe risk of bankruptcy.
  • Teknovus — Teknovus, Inc., a fabless semiconductor and software solutions company, develops and supplies access chips and embedded software for the FTTx market. It offers Ethernet passive optical network (EPON) integrated chips for central office and customer premises applications; EPON customer premises equipment ONU; TDM transport chips that provide thecircuit emulation of T1/E1/J1 on various Ethernet switched networks; evaluation kits, which support original equipment manufacturers and service provider customers; EPON OLT solutions that offer a system-on-a-chip approach to the original equipment manufacturers; and TK3401 Intelligent EPON Node Controller that enables service providers to meet various needs of network topologies and subscriber densities. The company’s system-on-a-chips incorporate firmware for the embedded processor to control the hardware. Teknovus, Inc. markets its products through distributors in the United States, Europe, and China. Teknovus, Inc. was founded in 2002 and is headquartered in Petaluma, California with sales and support centers in Tokyo, Seoul, Beijing, Shanghai, and Shenzhen. The company also has a location in San Jose, California.
  • Almentor — almentor.net is a cutting-edge continuous e-learning platform curating top-rated video-based training programs delivered by leading subject matter experts and accessible through B2C and B2B channels to serve the needs of Arabs across the world. The platform was officially launched in January 2018 and currently offers the biggest Arabic high qualitycontinuous learning video library in the world, including paid courses, free talks, crash courses and books, primarily in Arabic.
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Yanyu Venture Capital
VC Fund · 2 investments in China Fitness startups

Yanyu Venture Capital operates as an investment firm.

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Investment focus

  • Industry: Sports, Fitness, Women's
  • Stage:Angel, Seed, Series A
  • Geography: China

Investor stats

  • Total investments: 4
  • Round size: Angel $828k–$4.1M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Jimei Culture — Jimei Culture operates women's body shaping and temperament academy, focusing on improving women's image through body shaping, fitness dance, temperament training, and star casting.
  • Qilai Technology — Qilai Technology is a professional human resources service organization dedicated to developing new employment channels and human resource management methods, using advanced information technology and powerful network platforms to bridge the communication gap between enterprises and talents, and providing high-level human resources solutions andsupport services to employers.
  • Yujingdu Small Stove — Yujingdu Small Stove is a hot pot brand that uniquely blends ingredients from across the nation to create a distinctive flavor. Its signature broth, made by simmering pure beef bones, is aromatic and rich. It focuses on premium ingredients like fresh beef, bamboo shoots, wutacai, and mushrooms, all rigorously selected for quality. Committed tofreshness, it offers a 24-hour farm-to-table delivery service, ensuring consumers enjoy the freshest ingredients.
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Ameba Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in China Fitness startups

Ameba Capital is a Chinese venture capital firm that provides early and growth stage investments. Ameba Capital makes investments in the telecommunications, media, and technology industries, focusing on SaaS, AI, Digital Transformation and other disruptive technologies.

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Investment focus

  • Industry: Software, E-Commerce, Health Care
  • Stage:Angel, Series A, Seed
  • Geography: China, United States, India

Investor stats

  • Total investments: 79
  • Round size: Seed $1M–$4M; Angel $425k–$1.4M; Series A $1.4M–$20M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • MOGU — MOGU is an consumer platform aimed towards women, achieved through e-commerce, social media, influencers and content driven services. Their content covers all areas of the fashion world and they have a huge range of age groups and interest covered through their numerous apps and platform.MOGU Inc. is a destination of fashion. With various kindsof fashion content and abundant fashion products, MOGU Inc. allows people to discover and share fashion trends while fully enjoying high-quality shopping experience. In 2011, MOGU Inc. launched fashion platform under the Mogujie brand . In 2016, the merger of Mogujie and Meilishuo was completed.Currently, MOGU Inc.'s online platform includes Mogujie.com and Meilishuo.com websites, mogujie mobile app, Meilishuo mobile app, Uni mobile app and several WeChat Mini programs.
  • Porotech — All-in-One MicroLEDs for Everyone, Everywhere, Every Device Unleashing the Power of Light Our MicroLED technology revolutionises the way displays are manufactured, making microLED displays possible for everyone. Through our partnerships and dedicated R&D teams we develop new technologies and can succeed together with you. compare to the conventional LED Porotech is here for your every
  • Kuaidi Dache — Kuaidi Group, as the most technologically integrated and largest car service company in the world, is rapidly transforming the concept of moving people – starting in China. The app combines integrated mapping and third party payment technology to make its service accessible to everybody, and provides over 1 million taxis and a variety of standardand luxury cars for all lifestyles. To ensure the service fits smoothly into urban life, Kuaidi has developed a framework is that is adaptable to other platforms in China, and works in partnership with China’s government and regulators instead of against them.In a country where only 18% of per capita car ownership, Kuaidi is clearly meeting an important need. Kuaidi’s unique business model has attracted 100m registered users in over 300 cities, fulfilling 6 million requests per day. To optimize its services and go beyond customer expectations Kuaidi has secured partnerships with Alipay, Ctrip, AutoNavi, Baidu Maps, Qunar, and Beijing’s ‘96106’ government official platform.
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SIG China (SIG Asia Investments)
VC Fund · Shanghai, Shanghai, China · 2 investments in China Fitness startups

SIG's China venture capital and private equity activities are operated through SIG Asia Investments, LLLP (SAI) and its wholly foreign owned enterprise (WFOE) based in Shanghai with a branch office in Beijing. The SIG China team seeks to commit the firm’s capital to venture capital and private equity investments in China.SAI is a member ofthe Susquehanna International Group of companies (SIG), which has evolved over the past 20+years into a leading financial institution focusing on trading and market making, institutional sales and research, private equity, and venture capital. With more than 1,400 employees across offices worldwide, SIG’s professionals develop ideas in an entrepreneurial environment, taking full advantage of SIG’s cutting edge technology and quantitative research.SIG is committed to expanding its global businesses in China. As part of that effort SAI has been mandated to commit SIG's proprietary capital in VC and PE investments in companies operating in the PRC.

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Investment focus

  • Industry: Software, E-Commerce, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 200
  • Round size: Series A $3.1M–$30M; Series B $9.9M–$100M; Series C $26M–$134M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $200M in 2009

Portfolio highlights

  • xMEMS — Explore MEMS speaker, acoustic vent and active micro cooling chip solutions based on xMEMS' proven piezoMEMS silicon platform.
  • Haici Technology — Haiui Health Technology is a mobile platform for hospitals to connect patients, optimise hospital visits and streamline admin workflow.
  • Kabest Coffee — Kabest Coffee is a beverage manufacturing company that engages in the production and sales of coffee. The company also engages in brand management, wholesale of edible agricultural products, and sales of unprocessed nuts and dried fruits.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Shunwei Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Fitness startups

Shunwei Capital is a venture capital fund that focuses on early to mid-stage investments in local internet industry. It specializes in incubation, startups, early to mid-stage, and growth capital investments. It seeks to invest in the technology, media, telecommunications, high technology, new media, games, internet finance, and rural area internetsectors. Their investors include sovereign wealth funds, fund of funds, university endowment funds, and family offices.

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Investment focus

  • Industry: Manufacturing, Software, Internet
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, India

Investor stats

  • Total investments: 448
  • Round size: Series A $1.4M–$43M; Series B $8.2M–$57M; Series C $20M–$100M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $1.2B in 2018

Portfolio highlights

  • CertiK — CertiK, the largest Web3 security service provider, uses AI and formal verification to protect and monitor smart contracts and protocols, securing the Web3 ecosystem.
  • Z.ai — Z.ai develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.ai supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models.
  • Darma — DARMA - Digital Healt
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Legend Star
VC Fund · Beijing, Beijing, China · 2 investments in China Fitness startups, 11 in the past 12 months

Legend Star helps entrepreneurs create great businesses through investments, CEO training sessions and an entrepreneurs alliance.Since 2008, Legend Star has incubated and invested in nearly 600 companies and is deeply integrated in the Chinese entrepreneurial ecosystem.Legend Star is the independent early-stage investment arm of LegendHoldings. Legend Holdings is the parent company of Lenovo, Raycom Real Estate, Joyvio Agribusiness and a large range of fast-growing Chinese companies.

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Investment focus

  • Industry: Health Care, Medical, Robotics
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, France

Investor stats

  • Total investments: 144
  • Round size: Seed $1.4M–$19M; Angel $425k–$7.1M; Series A $1.4M–$112M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $109M in 2018

Portfolio highlights

  • LifeLabs Design — LifeLabs patented warming & cooling technology allows for comfort across extreme temperatures. Explore our dedication to producing sustainable & eco-friendly fabrics.
  • StarNuclear Fusion — StarNuclear Fusion is focused on the "high-temperature superconductivity + advanced quasi-isotropic propulsion (QI)" stellarator technology roadmap.
  • ChipSense Technology — ChipSense Technology is a semiconductor focused on developing high-performance chips for AI computing infrastructure. The company provides chip solutions that enable perception and efficiency management in AI computing centers, helping optimize resource utilization, operational efficiency, and intelligent management of large-scale AI computingclusters.
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PreAngel
VC Fund · Beijing, Beijing, China · 2 investments in China Fitness startups

PreAngel is a 30M RMB investment fund focused on early stage internet startups. Investment on each project range from 100K to 1M RMB. In addition to investment, PreAngel plays a key role as "co-founder", providing guidance in startup operation, business model refinement and industry resources.

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Investment focus

  • Industry: Internet, Software, Blockchain
  • Stage:Angel, Seed, Series A
  • Geography: China, United States, Switzerland

Investor stats

  • Total investments: 104
  • Lead/follow: no public data

Portfolio highlights

  • Ajuna Network — Ajuna Network is a decentralized ecosystem for gamers and creators.
  • X World Games — Founded in 2018, X World Games (“XWG”) aims to build the next-gen decentralized gaming metaverse.X World Games' vision is to build a diversified gaming ecosystem that connects traditional gamers with the blockchain world and invite more game developers into the crypto space by creating and providing the underlying blockchain framework.Withits gaming innovation, crypto game - Dream Card, NFT Marketplace and DeFi Pool, X World Games now serves over 2 million registered gamers, and has quickly become the fastest-growing crypto gaming platform in the ecosystem.X World Games is headquartered in Singapore with a 100+ dynamic team located worldwide.
  • Feiba Business Travel — Feiba Business Travel is a business trip ticket service platform
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China Equity
VC Fund · Beijing, Beijing, China · 2 investments in China Fitness startups

ChinaEquity is China's private merchant bank engaging in VC, PE, Direct investments as well as investment management. It provides one-stop cross-border VC PE and direct investments to high-tech enterprises throughout the Greater-China Region.The company uniquely positions itself to the booming Chinese technology, media, telecommunications,biotechnology and environmental technology, sports, medicine and the natural resource industries, and aims to equilibrate the demand and the supply in the capital market and provide total solutions to all parties on the capital flow chain.Clear development strategy and innovative business model has helped ChinaEquity to achieve outstanding performances. Its resources and networks extend all over the Silicon Valley, Wall Street, Europe and Greater China. International strategic alliance and partnerships allow the company to be able to cover all stages of investment and financing. Since inception, ChinaEquity has achieved a promising portfolio of investments and has established a high-quality customer base.ChinaEquity fully understands the political, economic and cultural environment in Greater-China, is well experienced in international capital market operations, and familiar with development trend. The company maintains long-term and favorable communications with Chinese governmental bodies, international financial institutions and high-tech enterprises.ChinaEquity was founded in 1999 by Mr. Chao Y. Wang, formerly the Vice President and Beijing Chief Representative of Morgan Stanley Dean Witter. The senior partners and executives joined ChinaEquity from international and domestic renowned financial institutions and high-tech enterprises.

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Investment focus

  • Industry: Software, Internet, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 82
  • Round size: Series A $1.4M–$43M; Series B $2.8M–$156M; Series C $14M–$117M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • iSMARTWAYS — iSMARTWAYS provides core equipment and solutions for V2X connected vehicles and intelligent transportation.
  • Cadena — Looking to expand to the Gulf countries (Saudi Arabia, UAE etc.)? Cadena has a Local Sales Team in every GCC country and proprietary technology: Discovery Portal, BuyBeacon & IntelliContact for Low-Cost growth across the region.
  • iSmartWays — iSmartWays Technology is a technology company, engages in connected vehicle (V2X) and transportation technology. iSmartWays Technology specializes in research, development and manufacturing of connected vehicle hardware and software solutions.
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Scrum Ventures
VC Fund · San Francisco, California, United States · 2 investments in China Fitness startups

Scrum Ventures is an early-stage venture firm that has invested in over 80 startups across a range of industries in the U.S. and Japan. Based in San Francisco with extensive experience and networks in both Silicon Valley and Japan, Scrum Ventures accelerates portfolio companies with global opportunities. Scrum Studios is reinventing the traditional accelerator -- taking a stage-agnostic approach in connecting best-in-class startups with leading Japanese corporations.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, Japan, China

Investor stats

  • Total investments: 141
  • Round size: Seed $1.3M–$9.7M; Series A $6M–$31M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • BiPSEE — BiPSEE is a medical XR company that provides treatment support for children for the purpose of nurturing a sense of self-efficacy. They also deploy AR and VR animation with one button dentistry and medicine, whether outpatient or hospitalized in various situations your child's anxiety and pain relieve. It aims to reduce anxiety and pain inchildren in a wide range of medical fields such as dentistry, pediatrics, and dermatology.BiPSEE is abs ed in Tokyo, Japan.
  • SEQUENTIAL — 5,971 Followers, 1,054 Following, 268 Posts - See Instagram photos and videos from Sequential Skin (@sequential.skin)
  • ALT Sports Data — Real Time Alternative Sports Betting Data.
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Tamarace
VC Fund · Shenzhen, Guangdong, China · 2 investments in China Fitness startups

Tamarace is a venture capital private equity firm focusing on investing TMT, mobile Internet, culture, entertainment, O2O, intelligent hardware, smart home, big data, and cloud computing. It was founded in 2011 and grows to over 50 members in 2017.

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Investment focus

  • Industry: Software, Information Technology, Medical
  • Stage:Angel, Seed, Series A
  • Geography: China

Investor stats

  • Total investments: 24
  • Round size: Seed $425k–$5M; Angel $425k–$1.4M; Series A $425k–$5.7M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Guoyu qianjian — Guoyu Qianjian is a building and operating company that specializes in airbag sports venues. Its operations include sports event organizing, investment, construction, and maintenance of sports venues, as well as fitness and leisure activities. It actively encourages athletic power with its central tenet of "injecting sports genes into everychild". Its airbag sports facilities are more ecologically friendly, low-carbon, energy-efficient, versatile, and adjustable, and they can accommodate various social groups' sporting demands at various times.
  • Huachuang Shenting — Huachuang Shenting is a non-invasive brain AI detection company that develops AI detection technology for cranial and brain health.
  • Xiling Biotechnology — Xiling Biotechnology is a medical company that specializes in the development of oncology and advanced treatments for malignant tumors.
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Fenghou Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Fitness startups

Fenghou Capital is early-stage equity investment firm.

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Investment focus

  • Industry: Information Technology, Automotive, Information Services
  • Stage:Angel, Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 61
  • Round size: Seed $1.5M–$2.6M; Angel $425k–$1.4M; Series A $1.4M–$14M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Benewake — Benewake is the leading provider of solid-state LiDAR sensors and solutions. We won the Championship of Audi Innovation Lab.Completed the Series B2 funding in 2018, Benewake has built a strong connection with our global top-tier investors globally and locally, including IDG Capital, Shunwei Capital, Cathay Capital (Valeo LP), Delta Capital,Keywise Capital, and Ecovacs.Benewake LiDAR products, including basic flash LiDAR and 3D LiDAR, have achieved mass production level with corresponding certificates. Our LiDAR solutions are widely used in autonomous vehicles (collision avoidance), drones (logistics, agricultural plant protection), ITS, robots (smart home), AGV (logistics and warehouse management).Benewake LiDAR products, with the protection of intellectual property rights, have been widely launched to Europe, America, Asia-Pacific market, etc.
  • Kuaipan Tech — Kuaipan Tech is a cloud gaming and cloud application technology solution service company based on ARM cloud technology.
  • Fengmao Dongtou — Fengmao Enterprise is a bulk raw material logistics operator that transports bulk chemical products corrosive and non-corrosive by road.
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BAI capital
VC Fund · Beijing, Beijing, China · 2 investments in China Fitness startups, 9 in the past 12 months

BAI Capital is a leading venture capital fund in China. Since 2008, the team of BAI Capital has invested in more than 200 portfolios, including 17+ IPOs and 40+ unicorns. BAI Capital has two main focuses: China-based global companies and China’s structural transformation. BAI Capital seeks to partner with and empower outstanding Chinese companiesand entrepreneurs that can leverage the multiplier effect of China’s technology, talent, and supply chain advantages and to expand globally in consumer retail and services, fintech, media and content innovation, Web3 and metaverse. On the other hand, at the turning point of China’s structural transformation, the fund will also seize major cross-cycle disruption opportunities in frontier and infra tech, electric vehicles and autonomous driving, and industrial upgrade driven by enterprise software development.The investor base for BAI Capital includes institutional investors such as sovereign wealth funds, large insurance companies, internet giants and fund of funds globally, as well as Bertelsmann. BAI Capital has its background from Bertelsmann Asia Investments, part of the Bertelsmann Group.

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Investment focus

  • Industry: Software, Internet, Financial Services
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 139
  • Round size: Seed $4M–$100M; Series A $3M–$50M; Series B $14M–$100M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $700M in 2022

Portfolio highlights

  • Waffo
  • ThetaWave AI — Turn lectures into notes, mindmaps, quizzes & flashcards in real-time. Trusted by 50,000+ students from Stanford, MIT & more. Free to try.
  • Reverse Matrix Technology — Reverse Matrix Technology focuses on the research and development of technologies that combine fundamental world models, enabling advanced simulations, intelligent systems, and data-driven insights to better understand complex environments and support next-generation innovation across industries.
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36Kr
VC Fund · Beijing, Beijing, China · 2 investments in China Fitness startups

36Kr was founded in July 2011 as a company dedicated to serve entrepreneurs. Over six years, it has grown into a comprehensive service provider aimed at serving innovative tech companies while being the largest and strongest ecosystem-based platform that boasts comprehensive coverage over a myriad of sectors with a game-changing vision. So far,36Kr consists of three major business segments: 36Kr media, Venture Capital and Kr Space, through which they strive to offer Chinese entrepreneurs and SMEs with one-stop service encompassing providing of information, matchmaking of financing and direct access to funding, not to mention office solutions and relevant incubating services. They aspire to become the platform that provides entrepreneurs and SMEs with ambient services that can help them grow, nothing short of utilities. 36Kr has served over 20,000 startups and helped to secure next round financing for 4,000 firms with free-of-charge services throughout the entire process, supporting startups to embark on their very first steps. Currently, over 90,000 startup projects are being proceeded on the 36Kr on-line platform where 80% of premium projects are hosted. Meanwhile, they have established an investment alliance of top 15 Chinese institutional investors with the mission of offering the best financing support to the most promising bunch of entrepreneurs.Out of recognition of their vision, China’s fintech giant Ant Financial has made a strategic investment in 36Kr so as to better SMEs’ financing needs. In addition, 36Kr is also favored by globally-renowned Matrix Partners China and traditional securities giant China Securities, with both as its shareholders. Another strategic investor – China Merchants Group’s VC was introduced in 2016.

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Investment focus

  • Industry: Manufacturing, Sports, Enterprise
  • Stage:Series A, Seed, Series B
  • Geography: China

Investor stats

  • Total investments: 29
  • Round size: Seed $2.9M–$3M; Series A $1.4M–$14M; Series B $2.8M–$43M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $147M in 2018

Portfolio highlights

  • PureblueAI — PureblueAI is an AI-powered digital workforce platform operator specializing in enterprise marketing scenarios.
  • Shebaotong — Shebaotong provides social security, provident fund, commercial insurance, salary services, labor cost optimization and other services.
  • Shihang Intelligent — Shihang Intelligent is a company that creates water robots and intelligent unmanned equipment. It requires "the ability to fight in wartime and respond in emergencies, with a focus on independent research and development, production, and sales of water robots and intelligent unmanned equipment. The company focuses on surface/underwaterspecial operation robots and takes "being able to fight in wartime, respond in emergencies, and provide peacetime services"
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SOSV
VC Fund · Princeton, New Jersey, United States · 2 investments in China Fitness startups, 75 in the past 12 months

SOSV is a global, deep tech venture capital firm that operates the HAX and IndieBio startup development programs focused on human and planetary health. SOSV invests $500,000 in startups at their inception as they onboard either HAX or IndieBio for a 4-6 month period designed to accelerate the raise of their next institutional round. SOSV joins thelater rounds of HAX and IndieBio graduates. HAX, based in a 35,000 sq ft facility in Newark, NJ, is equipped with machine tools, 3D printers, chemical, electrical and mechanical engineering labs, as well as on-staff engineering and design experts. SOSV's IndieBio has locations in NYC and San Francisco, both of which offer extensive services and facilities to founders including on-site BSL-2 labs, well equipped lab benches and hoods, and advanced lab equipment, such as chromatography equipment.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 1482
  • Lead/follow: no public data

Portfolio highlights

  • MixRift — MIXRIFT - game developers specialized in Mixed Reality
  • unspun — From 3D scan to perfect fitting custom jeans. unspun makes each pair of jeans unique to your actual body and design. On a mission to reduce global carbon emissions by 1%. As seen in Fast Company's World Changing Ideas, Time's Best Inventions, and PopSci's Best of What's New. Welcome to the future of apparel.
  • Mesa Quantum — Unlock the potential of chip-scale quantum sensing for enhanced Position, Navigation, And Timing capabilities. Explore Mesa Quantum's practical solutions.
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Agile Fund
VC Fund · Beijing, Beijing, China · 2 investments in China Fitness startups

Agile Fund was established in 2015 by a group of experienced Chinese venture capitalists with a very clear focus on the Chinese sports, fitness and wellness related industries. Since its inception, Agile Fund has made some 20 investments in various industries encompassing TMT, fitness, technology, marketing & new media, health care and consumergoods etc. Their GP team comprises of professional investors, seasoned entrepreneurs, senior marketing experts and highly experienced financial and research professionals. Their GP team has a diverse background and they are both strong in their over-all understanding of the Chinese business environment and their global outlook as well as international outreach. Agile Investment Management is one of the few in the market in terms of being able to stay clear-headed and sticking to their investment philosophy and discipline in the Chinese investment bubble in recent years. Their investments made in the past two years all exceeded expectation, which makes Agile Fund Management a recognized team in domestic Chinese VC community.

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Investment focus

  • Industry: Fitness, Health Care, Mobile
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • I-Fitness — Fitness social networking app based in Shanghai.
  • myShape — myShape is an innovative AI personal trainer system.
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SkyChee Ventures
VC Fund · Beijing, Beijing, China · 2 investments in China Fitness startups

SkyChee Ventures focuses on Hardware as a Service investments that combine highly competitive Asian manufacturing capabilities with global software and talent to enable new business models and revenue opportunities. They create value by combining global markets with technology innovation and value-add services. They focus on early stage technologyenabled investment opportunities.

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Series A, Angel
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 36
  • Round size: Seed $2.8M–$8M; Angel $425k–$425k; Series A $1.4M–$16M
  • Lead/follow: 61% lead, 39% follow

Portfolio highlights

  • DeePoon — DPVR is a virtual reality headset designer and manufacturer that makes cutting edge VR wireless and PC tethered headsets for gaming, training and education.
  • Future Box — Future Box is a provider of prefabricated industrial digital decoration solutions. It focuses on modular decoration and incorporates software R&D, design, supply chain, and overall installation and implementation services.
  • Moying Robotics — Moying Robotics is an enterprise that focuses on the development of mobile collaborative robots and application integration systems.
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Lighthouse Capital Management
VC Fund · Shanghai, Shanghai, China · 2 investments in China Fitness startups

Lighthouse Capital Management is an early venture capital fund focusing on the Chinese and US markets. It has been focusing on angel/VC equity investment in excellent content and products and currently manages two RMB Fund and a dollar fund.The firm has invested in more than 40 growth projects in mainland China and overseas, focusing onhardware equipment and "Internet +" method empowerment and enterprise data services. It is managing billions of dollars in total assets, investing in the total market value of domestic and foreign companies over 100 Billion dollars.Lighthouse Capital was founded in 2011 and is based in Shanghai, China.

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Investment focus

  • Industry: Hardware, Software, Apps
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Czech Republic

Investor stats

  • Total investments: 35
  • Round size: Seed $1M–$10M; Angel $425k–$850k; Series A $425k–$50M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $138M in 2015

Portfolio highlights

  • Skysys — Skysys is a company that focuses on data acquisition and analysis services for drones. It provides customers with complete solutions for automatic charging, automatic scheduling, automatic acquisition and automatic analysis. It is committed to becoming the leading enterprise in data collection and analysis of Chinese civil rotary aircraft. From thedata and services to gold mining, the development of mature rotorcraft drone automatic driving artificial intelligence.
  • Boshang — Boshang focuses on vertical industries, building low-cost and high-quality private LTE/5G private networks for enterprise customers, and providing slicing and in-depth customized services for different business needs.
  • Foxdeli — Foxdeli helps online stores stay connected with customers from purchase to unboxing through transactional emails and easy shipment tracking.
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Vision Knight Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Fitness startups

Vision Knight Capital Fund I,L.P. (hereinafter referred to as“VKC”) is a private equity fund focusing mainland China’s retail/consumer, internet and e-commerce sectors.At VKC, we have successfully integrated operation experts and investment experts to form a unique team. Our team consists of China’s top corporate senior managements andinvestment professionals with years of operation and investment experience. They have specialized industrial expertise and outstanding operation performance in China’s internet, e-commerce and retail sectors. In addition to the capital investment to the portfolio company, VKC’s unique operation and investment team also provide real value added services such as operation enhancement and business model transformation/upgrade, with the vision to enhance the portfolio company’s core value and in return be recognized in the capital market.

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Investment focus

  • Industry: Manufacturing, Artificial Intelligence, Food and Beverage
  • Stage:Series A, Series B, Seed
  • Geography: China, Malaysia, Thailand

Investor stats

  • Total investments: 60
  • Lead/follow: no public data

Portfolio highlights

  • Noematrix — Noematrix is an embodied intelligence company that specializes in innovative general robotic intelligence solutions and services.
  • Yipu Power — Yipu Power is a green power and power generation system manufacturer, specializing in the research, development, and production of megawatt-class high-power, high-speed gas engines and methanol new energy engines.
  • Suzhou Guangsu — Suzhou Guangsu focuses on offering cutting-edge methods, ink materials, equipment, and comprehensive integrated solutions for the next generation of high-efficiency solar cells, represented by silicon-based perovskite tandems.
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Huaang Intelligent
VC Fund · 1 investments in China Fitness startups

Huaang Intelligent is an investment company.

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Investment focus

  • Industry: Sports, Fitness, eSports
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Guoyu qianjian — Guoyu Qianjian is a building and operating company that specializes in airbag sports venues. Its operations include sports event organizing, investment, construction, and maintenance of sports venues, as well as fitness and leisure activities. It actively encourages athletic power with its central tenet of "injecting sports genes into everychild". Its airbag sports facilities are more ecologically friendly, low-carbon, energy-efficient, versatile, and adjustable, and they can accommodate various social groups' sporting demands at various times.
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Lijie Wang
Angel · Shanghai, Shanghai, China · 1 investments in China Fitness startups

Leo Wang is recognized as an active angel investor and leading proponent of Mobile Internet, Blockchain, and Angel Investment in China. Boasting over twenty years in mobile internet and tech, he has invested in 300 startups, spanning healthcare to fintech and blockchain, including 2 NASDAQ-listed companies and 5 unicorns.

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Investment focus

  • Industry: Manufacturing, Aerospace, E-Commerce
  • Stage:Seed, Pre-Seed, Angel
  • Geography: China, United States

Investor stats

  • Total investments: 19
  • Lead/follow: no public data

Portfolio highlights

  • Huma Finance — Huma is an Income backed DeFi.
  • Huojianpai — Huojianpai is a commercial aerospace company providing earth-moon space economy and future-oriented deep space exploration.
  • Reserve — Reserve is a universal currency company. Reserve provides people with hyperinflation protected savings accounts to protect and use their money globally. They offer rtokens, collateral baskets, and over collateralization.
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Initial Capital
VC Fund · London, England, United Kingdom · 1 investments in China Fitness startups

Initial Capital is an investor in seed and early-stage technology companies with a focus on games, consumer services & technology enablers.

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Investment focus

  • Industry: Gaming, Mobile, Software
  • Stage:Seed, Series A
  • Geography: United Kingdom, United States, Finland

Investor stats

  • Total investments: 90
  • Lead/follow: no public data

Portfolio highlights

  • Bipa — Bipa is a company that allows customers to buy and sell Bitcoin starting from R$1 using Pix and Lightning Network.
  • Antidote — London-based startup studio for Bitcoin founders
  • Hot Wave Fitness — Hot Wave Fitness which owns the HOTME brand provides personalized, and private fitness services.
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Black Ant Group
VC Fund · Jingan, Shanghai, China · 1 investments in China Fitness startups

Black Ant Capital specializes in brand hatching, design development, new retail, and financial investment as the major strategic orientation in multiple industry chains. It has invested in well-known brands such as HEYTEA, SMART BEES, Jiang Xiaobai, 36KR, CYO, BANDGEWOOD, Kuaikan, and Xinyi Logistics. The total amount exceeds 2 billion CNY.

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Investment focus

  • Industry: Retail, Food and Beverage, Tea
  • Stage:Series B, Series A, Angel
  • Geography: China

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • Oladance — We are oladance, a group of enthusiasts who strive to create truly transformative wearable audio products. We have more than a decade of experience in the audio industry. As the first technicians on ANC, we aim to be pioneers in the audio industry.
  • Brother Zhou — Brother Zhou is a restaurant chain specializing in hot pot dishes using Dasaoyao slices as the signature dish.
  • Seesaw Coffee — Seesaw Coffee provides unique coffee experiences to the communities.
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C Ventures
VC Fund · Central, Hong Kong Island, Hong Kong · 1 investments in China Fitness startups

Co-founded by entrepreneur Adrian Cheng and veteran investor Clive Ng, C Ventures is a global venture capital bridging the West and the East, curating a global cultural ecosystem targeting Millennials and the generation Z with a focus on disruptive businesses in technology, lifestyle and media.

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Investment focus

  • Industry: Fashion, E-Commerce, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, United Kingdom

Investor stats

  • Total investments: 42
  • Lead/follow: no public data

Portfolio highlights

  • HjMicro — Hongjun Microelectronics is committed to the development of "higher efficiency and easier deployment" server processor (CPU) chips based on the ARM architecture, mainly for the data center cloud computing market.
  • O7 Therapy — Your mental health companion
  • Threads Styling — Shop the ultimate edit of rings, necklaces, bracelets, earrings and watches from iconic luxury brands and the hottest new designers at Threads Styling.
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IDG Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Fitness startups

IDG Capital is an investment firm that funds early- to growth-stage companies in the technology sector. Today they work with private equity and venture capital fund managers, investment advisors, and business entities from around the world. Their limited partners include many internationally reputable investors, including sovereign wealth funds,pension funds, institutional investors, major charities, university endowments, family offices, and business luminaries.IDG Capital brings a powerful combination of global perspective and local experience to investment management. As long-term value investors, they are highly skilled at mobilizing global resources to address local needs, especially for Inbound and outbound opportunities in China and the rest of Asia. Their highly skilled team has an in-depth understanding of the Chinese market and enjoys close relationships with many influential business leaders.

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Investment focus

  • Industry: Software, Internet, E-Commerce
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, India

Investor stats

  • Total investments: 683
  • Lead/follow: no public data

Portfolio highlights

  • Kaiwuji — Kaiwuji is an emerging company in the AI4Materials field.
  • Hongxin Biology — Hongxin Bio is an mRNA drug developer, focusing on nucleic acid drug delivery and RNA drug development.
  • Rongguang Optics — Rongguang Optics is a company specializing in optical instrument manufacturing, along with vacuum coating processing, industrial design services, and plastic product manufacturing.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Amphora Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Fitness startups

Amphora Capital is a venture capital firm specializing in startup, early stage and growth capital investments. The firm typically invests in mobile internet, which includes internet+, consumer upgrade, industrial upgrade, mobile roaming, education, internet finance, and new media. It also invests in big health, which includes precision medicine foranti-cancer, chronic disease, and anti-aging biomedicine. The firm seeks to invest in companies based in Silicon Valley.

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Investment focus

  • Industry: Health Care, Medical, Manufacturing
  • Stage:Series A, Angel, Seed
  • Geography: China, United States

Investor stats

  • Total investments: 35
  • Lead/follow: no public data

Portfolio highlights

  • Yagsheng — Yagsheng focuses on R&D and production of high-purity chemical raw materials in the electronics industry.
  • IGNITE IMPULSE, INC. — As a digital agricultural enhancing service, Ignite impulse offers a variety of services, some of which include the following: agricultural software and equipment rentals, sales, maintenance, and leasing solutions; self-regulated farm shells with pre-installed vertical farming solutions; machined irrigation consulting and installations; artificialintelligence (AI) powered farming solutions; hydroponics farming consultation- partnership and installations; supply chain and logistics partnership; and more.Ignite Impulse also offers hydroponics solutions, as well as controlled farming assistance and consulting, to corporate, government, and educational organizations as part of our cooperation with these entities.
  • Qixing Communication — Qixing Communication is a satellite communication technology and equipment developer.
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37 Interactive Entertainment
VC Fund · Shanghai, Shanghai, China · 1 investments in China Fitness startups

37 Interactive Entertainment (Shanghai) Technology Co., Ltd (hereinafter referred to as "37 IE") was founded in 2011. In 2015, the listing for the entire company was completed and quickly climbed to the top of China's stock market (Stock code: 002555). In 2017, 37 IE was named by Newzoo as one of the Top 25 Public Companies by GameRevenues. They were also named as one of the "New China Nifty 50" companies by Goldman Sachs. They are now included in the CSI 300 index and MSCI index (China A). They have offices in Shanghai, Guangzhou, Anhui, Jiangsu, Beijing, Hong Kong, Japan, South Korea, as well as North America and Europe.They have multiple game publishing platforms such as 37Games(China), 37Mobile and 37Games(Overseas). They also have several elite game studios such as Aurora Studio. 37 IE has four main corporate values:dedication, precision, team work and innovation. They have been able to establish a stronghold within the market due to their ability to recruit an retain staff who specialize within the internet and entertainment industries.As a leading game publisher and developer, they are expanding their business to other areas such as film, music and animation production, the development of VR content and healthy & lifestyle industry. Their goal is to build a global-leading cultural and creative company.

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Investment focus

  • Industry: Food and Beverage, Information Technology, Augmented Reality
  • Stage:Series A, Seed
  • Geography: China, Canada, Finland

Investor stats

  • Total investments: 31
  • Lead/follow: no public data

Portfolio highlights

  • Huayi Quantum — Huayi Quantum is a quantum computer and quantum cloud platform developer specializing in advanced algorithm research and application acceleration.The business creates modular, standardized, and scalable quantum computers based on ion-trap technology.
  • Tingyu Technology — Tingyu Cloud is an edge cloud service platform based on massive edge nodes, providing customers with high-performance, high-reliability, and low-cost computing, distribution and storage services.
  • Shengwei Digital Technology — Shengwei Digital Technology offers research and development of AI chip instruction set and cloud application ecosystem integration service.
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Shiwei Venture Capital
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Fitness startups

Shiwei Venture Capital is an investment firm.

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Investment focus

  • Industry: Information Technology, Sports, Manufacturing
  • Stage:Seed, Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 7
  • Lead/follow: no public data

Portfolio highlights

  • Jimi Bio — Jimo Bio is a research and development company of cell-cultured meat.
  • LinkZill — LinkZill is a high-tech firm with products such as organic semiconductor materials, thin-film transistors, array, and portable test systems.
  • HooRii Technology — HooRii Technology is a provider of commercial distribution software systems spawned by the structural Internet of Things concept. It specializes ini end-to-end, edge-to-edge, software, hardware, and other Thread solutions.
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Tsing Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Fitness startups

Tsing Capital is a private equity and venture capital arm of Tsinghua Holdings Co., Ltd. specializing in growth capital.

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Investment focus

  • Industry: Electronics, Energy, Manufacturing
  • Stage:Series A, Series B
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 32
  • Lead/follow: no public data

Portfolio highlights

  • 3D Medicines — 3D Medicines, we use individual’s genetic information to prevent, diagnose, and treat cancer. We develop personalized medicines according to target population’s genetic background, to increase efficacy and safety.
  • Ionova Life Science — Ionova Life Science is an anti-tumor drug developer dedicated to the development of innovative types of tumor-targeted drugs and tumor immunomodulatory drugs, including oncology, immuno-oncology, and cardiac metabolic diseases. Force contact
  • Stemirna — Stemirna Therapeutics is a RNA technology based drug development company designed to maximize the potential of RNA science. The company currently has more than a dozen of independently-developed mRNA drug projects, focusing on the fields of mRNA-based personalized cancer vaccines, mRNA vaccines for infectious disease, protein defects diseases, andgenetic diseases, providing cure and solutions for cancer and infectious diseases, better serving patients.
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Joy Capital
VC Fund · Changyang, Beijing, China · 1 investments in China Fitness startups

JOY CAPITAL invests in startups of both early and growth stages and focuses on TMT and innovative consumption sectors. “Do Hard Things with JOY”. JOY CAPITAL keeps partnering with entrepreneurs for helping them make right decisions at key moments during a startup’s developments and sharing the hardship and joy with them while starting theirbusiness. Founding partners of JOY CAPITAL have invested in more than 80 startups and over 10 portfolios they’ve invested in are unicorns.

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Investment focus

  • Industry: E-Commerce, Food and Beverage, Automotive
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 102
  • Lead/follow: no public data

Portfolio highlights

  • UniUni — Explore our shipping Universe. Our mission is to be your first-choice for last-mile delivery.
  • Lemmo — Lemo blends the joy of cycling simplicity with tech-driven.Taking light electric mobility to a new level.Bring you a unique life experience.
  • Hyde Hydrogen Energy — Hyde Hydrogen Energy is a green hydrogen industry company, focusing on carbon neutrality, providing advanced products and digital platform services for global new energy applications.
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NIO Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Fitness startups, 9 in the past 12 months

NIO Capital is a fund manager investing in themes reshaping the automotive, new energy and technology sectors.Established in 2016 and sponsored by NIO, NIO Capital leverages its unique access to global & Chinese innovation, comprehensive market understanding and flourishing ecosystem to create category-leading companies in fields such aselectric vehicles, autonomous driving, shared mobility, new energy network, new materials and more.

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Investment focus

  • Industry: Automotive, Energy, Transportation
  • Stage:Series B, Series A
  • Geography: China, United States

Investor stats

  • Total investments: 67
  • Lead/follow: no public data

Portfolio highlights

  • Xreal — Nreal is the developer of ready-to-wear mixed reality glasses. Its flagship product, Nreal light, is the first lightweight and comfortable mixed reality glasses, sporting a vivid display combined with spatial computing algorithms for an immersive experience. The company aims to make mixed reality available and accessible to everyone. They strive torealize the full potential of mixed reality by empowering developers to create applications that can ultimately propel a new era of entertainment, productivity, and more.Nreal was founded in 2017 and is based in Beijing, China.
  • THB Group — China Auto Electronics Group Limited ("THB Group") is the largest design and manufacturing base for automotive connectors ,rubber&plastic products and electronic components in China. THB has strong research strength and established TianHai R&D center, Under the institute, there are Connectors R&D center, Wiring harness R &D Center, Harness Equipment R & D Center, Automotive Electric R & D Center, New Energy Auto Parts R & D center and Shanghai R&D Center.The group also passed the ISO/TS16949 quality system certification of TUV and the ISO14001 environmental system certification in 2004 and 2006 respectively, ensuring its products to the international market.
  • Qingchun Semiconductor — Sichain Semi is a high-tech chip firm focused on the R&D and industrialization of Silicon Carbide semiconductors and its power devices.
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Zuoyu Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Fitness startups

Zuoyu Capital is a financial advisory firm based in Beijing.

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Investment focus

  • Industry: Autonomous Vehicles, Media and Entertainment, Automotive
  • Stage:Series A, Seed, Angel
  • Geography: China

Investor stats

  • Total investments: 10
  • Lead/follow: no public data

Portfolio highlights

  • FELO — FELO is an electric vehicle company that specializes in the field of autonomous balancing and hybrid power for two-wheeled motorcycles. The company was founded in 2019 by Jingyi Zhang.
  • Zongmu — ZongMu Technology was founded in January 2013. Headquartered in Pudong ZhangJiang high-tech park of Shanghai, ZongMu has RD centers in Beijing and ShenZhen respectively. Through its innovative solution and excellent service to the local market, ZongMu has shipped multiple SurroundView ADAS (Advanced Driving Assistance System) in main stream OEMautomotive markets, becoming the leading SurroundView ADAS solution vendor for China domestic market and formed strategic partnership with multiple OEM car makers and their tier1 suppliers.
  • Jiyu Technology (JIYU-Chassis-DriveByWire) — Shanghai Jiyu Technology Co., ltd. main sales line chassis, control of unmanned at low speed, no delivery vehicles, and other products, providing customers with general unmanned drive-by-wire chassis solutions, research and development of advanced Technol
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BlueRun Ventures
VC Fund · Menlo Park, California, United States · 1 investments in China Fitness startups

BlueRun Ventures is a venture capital firm with offices in the United States, Shanghai, Beijing, and Korea. BlueRun invests in information technology, mobile, and consumer technologies, with an emphasis on mobile opportunities. BRV has invested in over 160 companies, with select exits from PayPal (acquired by eBay), Waze (acquired by Google),Topsy (acquired by Apple), Coupa (NASDAQ: COUP), and more. In 2005, BlueRun changed its name from Nokia Venture Partners. While branded as Nokia Venture Partners, the firm helped to build emerging market leaders such as Airgo, Bitfone, Cornice, PayPal, Wavemarket, and WiderThan.

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Investment focus

  • Industry: Software, Mobile, Robotics
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, South Korea

Investor stats

  • Total investments: 236
  • Lead/follow: no public data

Portfolio highlights

  • Metafoodx — Metafoodx is on a mission to solve the challenge of food waste. We believe that it is one of the most critical factors for achieving global sustainability.
  • Galaxy Bot — Galaxy Bot is an innovative robotics company that provides intelligent universal service robotic products.
  • BetterCompany — At BetterCompany, it is our mission to help companies connect with best candidates at the best time, when they're looking! We use a blend of art and science to match candidates to roles and companies and we understand that timing is everything.
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CloudWise
VC Fund · Beijing, Beijing, China · 1 investments in China Fitness startups

CloudWise is a data analysis and information service provider.

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Investment focus

  • Industry: Sports, Fitness, Analytics
  • Stage:Seed
  • Geography: China, Germany

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Timecho — Timecho is an IoT-native time series database. Timecho delivers IoT-native time-series solutions to satisfy the demands of mass data storage, fast reads and complex data analytics, enabling companies to leverage the value of time-series data with higher reliability at lower costs.
  • Peinipao — Peinipao is a run and runners share content surrounding sales service provider.
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Entertainment Factory
VC Fund · 1 investments in China Fitness startups

Entertainment Factory is an angel investment institution focusing on the entertainment and cultural industry. It was initiated by well-known investors such as founder Zhang Wei, Xu Xiaoping, and Wang Qiang. Artists such as Zeng Zhiwei and Hu Haiquan also turned into partners and participated in project investment.

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Investment focus

  • Industry: Sports, Fitness, Training
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Lanxiong Sports — Lanxiong Sports is an online media portal focusing on sports and the business industry. It offers two types of services, a media portal for sports industry enthusiasts to know what is happening in the industry and the other is content for enterprises on sports business investment and M&A events. It was founded in 2015 and is based in Beijing,China.
  • Counterattack Academy — Counterattack Academy is an online and offline sports community. Counterattack Academy enters the fitness market through personal training + gym + group, solves the problem of personalization and persistence, and realizes the combination of online (video) and offline (gym) to form a closed loop of value.
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One Capital
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Fitness startups

One Capital is a China-based private equity investment firm.

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Investment focus

  • Industry: Information Technology, Manufacturing, Virtual Reality
  • Stage:Series A, Seed, Angel
  • Geography: China, Japan, Nigeria

Investor stats

  • Total investments: 20
  • Lead/follow: no public data

Portfolio highlights

  • oVice — oVice is a virtual spatial platform that allows people to gather in one place, move, talk, and collaborate freely as avatars. With the mission of “maximizing effective online communication”, oVice develops and provides lifelike features that offer users a close-to-reality interactive online experience. Featuring customization, you can change thelayout to match the theme of your usage, build lockable rooms, place down static objects, and more!Use it as a remote office, an event venue, an academic conference hall, and even a space for parties!
  • Beatrust — Tags connect and drive collaboration, expanding your team's potential
  • SmarterEye — SmarterEye is a technology company dedicated to the R&D and manufacture of autonomous driving systems and related products.
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Fosun RZ Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Fitness startups

Fosun RZ Capital was founded in 2013 and headquartered in Beijing. As an affiliate of Fosun Group, RZ Capital is an independent fund with strategic resources, quickly establishing global footprints. The company invests in all the stages of a company’s development from the early start- Up to IPO. The firm has over 100 portfolio companies in China,with about $1.2 billion in assets under management, with investments in India, Israel, China, Southeast Asia, and the United States. Focuses on investing in science and technology innovation, and connecting global momentum to global resources.

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Investment focus

  • Industry: E-Commerce, Software, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, India

Investor stats

  • Total investments: 120
  • Lead/follow: no public data

Portfolio highlights

  • QuickCEP — QuickCEP is a one-stop SaaS platform for cross-border e-commerce.
  • Jiemeng Intelligence — Jiemeng Intelligence is a provider, developer, and manufacturing of lithium-ion battery coating equipment. The company focuses on front-end equipment development, design, and manufacture, as well as lithium-ion battery machinery, to provide clients with safe, efficient, and smart new energy equipment solutions.
  • Menhai Microelectronics — Menhai Microelectronics is an integrated circuit design company engaged in the R&D and sales of MCU/SOC chips.
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The Arena Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Fitness startups

The Arena Capital has been jointly established by Guiren Bird (603555), Tigers Sports and Jinglin Capital Management Co., Ltd., focusing on sports industry investment. The mobile domain believes that the sports industry is becoming the core driving force for China's economic growth. It is believed that the people's consumption power isimproving, and Internet technology and reform dividends constitute an opportunity for the outbreak of the sports industry. The dynamic team relies on deepening the accumulation of resources in the sports industry for more than 10 years, and is committed to working with entrepreneurs to promote the brilliant future of Chinese sports.

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Investment focus

  • Industry: Sports, Food and Beverage, Tea
  • Stage:Series A, Angel, Seed
  • Geography: China

Investor stats

  • Total investments: 8
  • Lead/follow: no public data

Portfolio highlights

  • Teasure — Teasure is a new modern casual teahouse that offers healthy drinks. It specializes in providing high-end milk tea with lychee, matcha, tangerine, strawberry, and jasmine flavors.Teasure has three stores located in Beijing APM, Youtang, and Xi'an, which are designed by designers from the original research institute, China, and the UnitedStates. It is a company that belongs to Beijing Boiled Leaf Restaurant Management Co., Ltd.
  • GOGO STORE — GOGO STORE (动咖啡) is a mobile coffee car franchise operator, providing customers with coffee made from high quality raw materials such as Arabica beans, imported fresh milk, and moline syrup. GOGO mobile shopkeepers can use the company's mobile application to facilitate business, analyze operations, and more.
  • Next World Culture — Next World Culture is a startup focusing on creating AI-generated virtual humans.
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Golden Rain Bogor
VC Fund · Nanjing, Jiangsu, China · 1 investments in China Fitness startups

Jinyu Bogor focuses on strategic emerging industries such as medical and pharmaceutical general health.

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Investment focus

  • Industry: Manufacturing, Health Care, Medical
  • Stage:Series A, Seed
  • Geography: China, United States

Investor stats

  • Total investments: 33
  • Lead/follow: no public data

Portfolio highlights

  • Butterfli — Butterfly is a manufacturer of prefilled syringes. It focuses on using the next-generation high-performance materials COC&COP to produce prefilled syringes without silicone oil systems, and is committed to breaking the international monopoly and promoting the material revolution in China's pharmaceutical packaging industry.
  • Dongke New Energy — Dongke New Energy is a technology-based company dedicated to providing high-quality services to the new energy industry. It is committed to the research, development, production, and sales of switching devices such as DC contactors and control modules.
  • Xiushi Biotechnology — Xiushi Biotechnology Focus on the R&D, production, sales, and technology development services of peptide products.
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Whales Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Fitness startups

Founded in 2009, Whale Capital officially entered the venture capital business in 2015. It is an industrial VC founded by the cultural industry veterans, growing rapidly and evolving.

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Investment focus

  • Industry: Education, Apps, Solar
  • Stage:Series A, Series B, Angel
  • Geography: China

Investor stats

  • Total investments: 6
  • Round size: Series A $3.6M–$11M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • PalFish — PalFish provides an education platform for teachers to teach English in an open market. You can simply imagine PalFish as eBay, but the merchandise being sold are English Classes. They provide people who are fluent in English the opportunity to teach people who want to learn English in their free time, and thus, create a virtuous Englisheducation cycle.
  • GJS Robot — GJS Robot is an AI & Robotics company.
  • Ma Xiangyuan — Ma Xiangyuan is a food company that focuses on beef noodles in beef bone clear soup, braised mutton skewers, kimchi, and apricot skin water.
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Meridian Capital Asia
VC Fund · Shanghai, Shanghai, China · 1 investments in China Fitness startups

Meridian Capital Asia was founded in Singapore in 2008 and has launched nine funds with a total of over 1.5 billion US dollars raised since. It has invested in more than 280 startups, with many notable exits, and has focused on areas such as deep tech, artificial intelligence, robotics, cloud, SaaS, enterprise, advanced manufacturing, renewableenergy, new material, semiconductors, agri-tech, education, internet, and new media, etc. All its partners are from either Singapore, Australia, the US or UK, with extensive experience and knowhow in all technology sectors. Meridian has offices in Singapore, Silicon Valley, Shanghai and Beijing and its investments cover geographies such as SEA, China, US, Mid-east, Japan, and Europe.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Series A, Angel, Series B
  • Geography: China, Latvia, Hong Kong

Investor stats

  • Total investments: 140
  • Round size: Angel $425k–$14M; Series A $425k–$16M; Series B $1.7M–$28M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Hanhai Energy — Hanhai Energy is dedicated to explore the science and technology to accelerate the commercialization of fusion energy.
  • Keyou Network — Data processing service provider
  • Xiaoneng Technology — Xiaoneng Technology is a company that provides online customer service solutions for e-commerce websites. Committed to providing real-time shopping guide and online customer management system LiveCRM for all online transactions and online display products and services, affiliated to Beijing Nengtong Tianxia Network Technology Co., Ltd.
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Chengwei Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Fitness startups

Chengwei Ventures is a venture capital firm.

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Investment focus

  • Industry: Software, Manufacturing, Internet
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Germany

Investor stats

  • Total investments: 108
  • Round size: Seed $8M–$25M; Series A $2.8M–$57M; Series B $8.5M–$55M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — last raise in 2012

Portfolio highlights

  • TandemAI — Streamline discovery with our integrated drug discovery platform, blending AI, physics-based tools, and wet lab for unparalleled innovation. Click now.
  • Kington Laser — Kington Laser specializes in the research, development, and manufacture of high-end laser processing equipment.
  • Full-Life Technologies — Full-Life Technologies Limited (“Full-Life”) is a fully integrated global RadioTherapeutics company headquartered in Shanghai, China with operations in Europe.
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Aixiang Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Fitness startups

Aixiang Capital

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Investment focus

  • Industry: Fitness, Medical, Wellness
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Yi Yi Health ( Health Cross ) — Yi Yi Health is a health insurance service Company.
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Ivy Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Fitness startups

Ivy Capital is a premier venture capital and growth equity firm that finances early- or growth-stage companies. They invest in high-growth businesses with defensible business model, strong management team and huge market potential.

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Investment focus

  • Industry: Manufacturing, Information Technology, Software
  • Stage:Series A, Series B, Seed
  • Geography: China, United States

Investor stats

  • Total investments: 87
  • Round size: Seed $2.8M–$14M; Series A $1.4M–$14M; Series B $2.8M–$20M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Shenglan Semiconductor — Shenglan Semiconductor is a professional enterprise engaged in the research, development, production, and sales of piezoelectric materials and related products, providing high-performance and reliable solutions for a wide range of electronic, industrial, and semiconductor applications.
  • West Lake Yanshan Technology — West Lake Yanshan Technology is a micro-LED company that focuses on the manufacturing and production of full-color display chips.
  • Xinyan Intelligent Materials — SynMatAI is a technology company specializing in materials informatics and AI innovation. They leverage artificial intelligence, quantum physics, and computational chemistry to advance research and development in new materials, clean energy, semiconductor packaging, and more. Their goal is to deliver diverse technical products and services toindustries, with a focus on new polymer materials for next-generation semiconductors.
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BioTrack Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Fitness startups

BioTrack Capital invests in early and growth stage companies within life sciences, healthcare technology, biotechnology and related high-tech sectors, providing capital and investment support for innovation. The firm evaluates scientific and commercial potential of ventures and structures financings aimed at advancing technologies from earlyresearch to market engagement. Its activities include sourcing opportunities, conducting due diligence, and working with founders and management teams to align growth strategies with investor objectives. BioTrack Capital also participates in funding rounds alongside co-investors to support development of novel healthcare and tech solutions. The company engages with portfolio companies through strategic interaction and monitoring of progress toward business milestones.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 92
  • Round size: Seed $14M–$168M; Series A $14M–$45M; Series B $14M–$150M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Huihe Healthcare — Huihe Healthcare specializes in the development of medical devices for structural heart disease. The company was founded in 2019 and is headquartered in Shanghai, China.
  • LaNova Medicines — LaNova Medicines is a clinical-stage innovative drug research and development company. The company focuses on the unmet therapeutic needs in the field of tumor immunity and tumor microenvironment and focuses on the research and development of "world's first" and "best-in-class" potential bio-innovative drugs.
  • Zhiyue Space Intelligence — Zhiyue Space Intelligence specializes in robotic brain and brain systems.
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Fitness Investor funding in China at a glance

Stats across 123 deals from 195 investors.

195
investors
in China Fitness startups
123
deals
in China Fitness startups
$7.1M
median round
in China Fitness startups
37%
lead investors
lead at least one round
29%
Series A
most common funding stage
98/2
VC / Angel
share of investor count

Access all 195 investors in China Fitness startups.

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