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Top 50 Fitness VC Funds & Investors in Asia (November 2026)

The most active venture capital funds investing in Asia Fitness startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Asia 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
SOSV
VC Fund
7 United States, China, Canada Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software $25k–$5M
XTech Ventures
VC Fund
6 Japan, Italy, United Arab Emirates Seed, Series A, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $480k–$11M
Antler
VC Fund
6 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Plum Ventures
VC Fund
6 China, United States, Hong Kong Series A, Angel, Seed Manufacturing, E-Commerce, Internet $441k–$28M
Gobi Partners
VC Fund
5 China, Hong Kong, Malaysia Venture - Series Unknown, Series A, Seed E-Commerce, Financial Services, Software $300k–$100M
IDG Capital
VC Fund
5 China, United States, Singapore Series A, Series B, Seed Internet, Software, E-Commerce $600k–$110M
Prasetia Dwidharma
VC Fund
5 Indonesia, Singapore, United States Seed, Pre-Seed, Series A Software, E-Commerce, Artificial Intelligence $46k–$15M
Nissay Capital
VC Fund
4 Japan, United States, Ethiopia Venture - Series Unknown, Seed, Series A Health Care, Software, Information Technology $455k–$11M
Shunwei Capital
VC Fund
4 China, United States, India Series A, Series B, Seed Manufacturing, Software, Artificial Intelligence $1M–$74M
Genesia Ventures
VC Fund
4 Japan, Vietnam, Indonesia Seed, Series A, Venture - Series Unknown Information Technology, Software, Artificial Intelligence $404k–$11M
Matrix Partners China
VC Fund
4 China, United States, Singapore Series A, Series B, Seed Health Care, Software, Information Technology $1.2M–$137M
Panda Capital
VC Fund
4 China, United States, Malta Seed, Series A, Angel Blockchain, Robotics, Software $140k–$16M
Sequoia Capital
VC Fund
3 United States, China, India Series A, Series B, Seed Software, Artificial Intelligence, Information Technology $1.2M–$100M
ZhenFund
VC Fund
3 China, United States, Singapore Seed, Series A, Angel Software, Artificial Intelligence, Information Technology $98k–$22M
CMG.ASIA
VC Fund
3 Vietnam, Singapore, United States Seed, Series A, Series C Sports, Fitness, Health Care $600k–$2M
HSG
VC Fund
3 China, United States, Singapore Series A, Series B, Seed Artificial Intelligence, Health Care, Software $2M–$200M
Orbit Ventures
VC Fund
3 China, United States, India Seed, Pre-Seed, Convertible Note E-Commerce, Software, Artificial Intelligence $30k–$20M
Mizuho Capital
VC Fund
3 Japan, United States, Singapore Venture - Series Unknown, Series A, Series B Information Technology, Software, Artificial Intelligence $581k–$47M
Frees Fund
VC Fund
3 China, United States, Singapore Series A, Angel, Seed Artificial Intelligence, Health Care, Medical $452k–$28M
Agile Fund
VC Fund
3 China Series A, Venture - Series Unknown, Angel Health Care, Sports, Fitness $1.5M–$2.9M
Venturra
VC Fund
3 Indonesia, Singapore, Vietnam Seed, Series A, Series B E-Commerce, Financial Services, Health Care $1.2M–$60M
Artesian VC
VC Fund
3 Australia, United States, China Seed, Pre-Seed, Venture - Series Unknown Software, Health Care, Artificial Intelligence $29k–$17M
Susquehanna International Group
VC Fund
3 United States, China, Singapore Series A, Series B, Seed Software, Financial Services, Information Technology $2M–$55M
Quest Ventures
VC Fund
3 Singapore, Malaysia, Kazakhstan Seed, Pre-Seed, Series A E-Commerce, Software, Information Technology $50k–$10M
Seeds Capital
VC Fund
3 Singapore, United States, Hong Kong Seed, Series A, Series B Biotechnology, Artificial Intelligence, Software $767k–$45M
Axiata Digital Innovation Fund
VC Fund
2 Malaysia, United Kingdom, Singapore Series A, Venture - Series Unknown, Series B E-Commerce, Apps, Retail $557k–$30M
Reflect Ventures
VC Fund
2 United States, Pakistan, Nigeria Seed, Pre-Seed, Series A Logistics, Information Technology, E-Commerce $120k–$40M
Integra Partners
VC Fund
2 Singapore, Philippines, Indonesia Series A, Seed Financial Services, FinTech, Software $1.5M–$18M
STATION AI
VC Fund
2 Japan Seed, Pre-Seed, Series A Software, Information Technology, Drones
Nunc Gestion
VC Fund
2 Pakistan Seed, Series A Fitness, Wellness, Health Care
Legend Star
VC Fund
2 China, United States, France Series A, Seed, Angel Health Care, Medical, Robotics $244k–$52M
Daiwa Corporate Investment
VC Fund
2 Japan, United States, France Venture - Series Unknown, Series A, Seed Software, Manufacturing, Health Care $310k–$9.2M
Tamarace
VC Fund
2 China Angel, Seed, Series A Software, Information Technology, Medical $425k–$5.7M
M Venture Partners (MVP)
VC Fund
2 Singapore, India, Thailand Seed, Pre-Seed, Series A Financial Services, FinTech, Health Care $500k–$20M
Mitsubishi UFJ Capital
VC Fund
2 Japan, United States, Israel Venture - Series Unknown, Series A, Seed Software, Information Technology, Manufacturing $482k–$19M
Guangjian Lab
VC Fund
2 China Seed Fashion, Fitness, Big Data $150k–$2M
Qixi Capital
VC Fund
2 China Series A, Seed, Angel CRM, Fashion, Fitness $1.5M–$16M
Formation 8
VC Fund
2 United States, South Korea, Canada Series A, Series B, Seed Software, SaaS, Artificial Intelligence $500k–$46M
Asia Venture Group
VC Fund
2 Malaysia, United States, India Series A, Seed, Venture - Series Unknown E-Commerce, Internet, Wellness $500k–$20M
China Equity
VC Fund
2 China, United States, Canada Series A, Series B, Series C Software, Information Technology, Health Care $1.4M–$162M
Kleiner Perkins
VC Fund
2 United States, China, United Kingdom Series B, Series A, Series C Software, Information Technology, Health Care $5M–$120M
Mekong Capital
VC Fund
2 Vietnam, Spain, Hong Kong Private Equity, Series B Manufacturing, Retail, E-Commerce $5.4M–$30M
Key Family Partners
VC Fund
2 Pakistan Seed, Series A Fitness, Wellness, Health Care
Romlas Health Group
VC Fund
2 Philippines Seed Fitness, Wellness, Health Care
Caucasus Ventures
VC Fund
2 United States, Georgia, Azerbaijan Seed, Pre-Seed, Series B Artificial Intelligence, Software, Financial Services $50k–$2.5M
Sturgeon Capital
VC Fund
2 Uzbekistan, Pakistan, Bangladesh Seed, Series A, Pre-Seed FinTech, Software, E-Commerce $125k–$17M
BAI capital
VC Fund
2 China, United States, Hong Kong Series A, Series B, Seed Software, Internet, Financial Services $2.9M–$100M
Golden Gate Ventures
VC Fund
2 Singapore, Indonesia, United States Seed, Series A, Series B FinTech, Software, Financial Services $473k–$60M
PreAngel
VC Fund
2 China, United States, Switzerland Angel, Seed, Series A Internet, Software, Blockchain
Lighthouse Capital Management
VC Fund
2 China, United States, Czech Republic Series A, Seed, Angel Hardware, Software, Manufacturing $425k–$50M
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

SOSV
VC Fund · Princeton, New Jersey, United States · 7 investments in Asia Fitness startups

SOSV offers pre-seed capital and follow-on financial support to startups focusing on deep technology and scientific innovation. Founders utilize purpose-built laboratory facilities and engineering spaces to accelerate product development and testing. The firm facilitates connections between entrepreneurs and a network of investors through structured matchmaking events and technology summits.

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Investment focus

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

Investor stats

  • Total investments: 3821
  • Round size: Seed $125k–$5M; Pre-Seed $25k–$1.5M; Convertible Note $50k–$3.6M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $306M in 2023

Portfolio highlights

  • Halla — Halla Intelligence is a digital solution that leverages over 100 billion shopper and product data points to recommend and promote what grocery items.
  • Verdex Technologies — Verdex Technologies is an advanced materials platform technology that uses nanofibers to disrupt industries. Verdex doesn't just compete, it innovates and disrupts.
  • Samphire Neuroscience — Samphire Neuroscience builds clinically validated neurotechnology to support women across their lives. Our wearable devices, Nettle™ and Lutea™, are built on the same underlying brain-stimulation technology, targeting neural pathways involved in pain, mood, stress, and sleep regulation. - Lutea™ is available globally as a wellness device. Itstimulates the same regions of the brain to support stress regulation, sleep, and recovery - key drivers of readiness and long-term performance - allowing athletes and teams to move beyond wellbeing education alone to practical, evidence-based intervention. - Nettle™ is a CE-marked (EU and UK regulated), drug- and hormone-free device that has been clinically shown to improve pain, mood, functionality, and the ability to train during the menstrual cycle, with measurable benefits after one month of use - supporting athletes to maintain training intensity and movement quality during their period. - The Samphire App is the platform controlling all Samphire hardware products with the use of CycleSync™ AI technology: the only one of its kind to support personalized neurotechnology use for women.
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XTech Ventures
VC Fund · Tokyo, Tokyo, Japan · 6 investments in Asia Fitness startups

XTech Ventures aims to achieve dramatic growth for investee companies by supporting entrepreneurship, multifaceted management support, and IPO support for the excellent middle class who are enthusiastic about entrepreneurship.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Japan, Italy, United Arab Emirates

Investor stats

  • Total investments: 119
  • Round size: Seed $480k–$3.7M; Series A $1.1M–$7.8M; Venture - Series Unknown $549k–$11M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — raised $27M in 2018

Portfolio highlights

  • Yondemy — Yondemy is an online platform for children reading books.
  • Yokohama Vanilla — Yokohama Vanilla is a Company which operates Yokohama-based gift sweets brand.
  • Zeal Boxing Fitness — Zeal Boxing Fitness combines power of sports with the power of technology to provide a service that allows to enjoy fitness.
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Antler
VC Fund · Singapore, Central Region, Singapore · 6 investments in Asia Fitness startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: United States, Singapore, Australia

Investor stats

  • Total investments: 2394
  • Round size: Seed $159k–$4.6M; Pre-Seed $100k–$611k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • Praktiki — Praktiki is the AI platform for medical education: expert-led, case-based 5-minute modules HCPs love, built in hours and measured for behaviour change.
  • ReportsAI — ReportsAI is an impact operating system that automates data collection and reporting for NGOs and industry to ensure audit-ready compliance.
  • Plouton AI —
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Plum Ventures
VC Fund · Changzhou, Zhejiang, China · 6 investments in Asia Fitness startups, 26 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: Manufacturing, E-Commerce, Internet
  • Stage:Series A, Angel, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 300
  • Round size: Seed $676k–$10M; Angel $441k–$3M; Series A $1.4M–$28M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $78M in 2019

Portfolio highlights

  • Ora-Orb — Ora-Orb isan AI-powered emotion technology and reflection platform that combines physical hardware, app integration, and a virtual character to serve as an interactive companion.
  • Ubinexus — Ubinexus focuses on the overall design capabilities of satellite communication payloads and satellite-based comprehensive digital processing technology to meet the multi-dimensional needs of low-orbit mega-constellation construction and provide users with the world's leading communication payload system.
  • Lingyan Technology — Lingyan Technology is the first domestic company to develop a bionic, dexterous facial intelligence system that achieves synchronized voice, lips, and eyes.
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Gobi Partners
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 5 investments in Asia Fitness startups

Gobi Partners is an Asia-focused VC backing early to growth stage startups. US$1.6B AUM, 400+ companies, 75 exits. Strategic guidance, founder network available.

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Investment focus

  • Industry: E-Commerce, Financial Services, Software
  • Stage:Venture - Series Unknown, Series A, Seed
  • Geography: China, Hong Kong, Malaysia

Investor stats

  • Total investments: 436
  • Round size: Seed $300k–$8M; Series A $1.6M–$16M; Venture - Series Unknown $1.1M–$100M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — raised $1.3B in 2023

Portfolio highlights

  • Yuan Planet — Youdi is a second-hand auto parts trading platform.
  • Camera360 — Camera360 is a mobile photo editing and selfie camera app that offers filters, beautification, and creative effects. It uses AI-based features like face detection, skin smoothing, beautification, and auto-enhancement to improve photos. The app also includes AI-powered effects such as makeup filters, portrait retouching, and scene optimization for images.
  • nanoSkunkWorkx — nanoSkunkWorkX develops nanotechnology for AGI scaling and allergy biosensing.
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IDG Capital
VC Fund · Beijing, Beijing, China · 5 investments in Asia Fitness startups, 74 in the past 12 months

IDG Capital is a global investment firm partnering with founders to build enduring businesses through capital, expertise, and long-term support.

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Investment focus

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

Investor stats

  • Total investments: 1340
  • Round size: Seed $600k–$50M; Series A $1.6M–$100M; Series B $6.2M–$110M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • DeepSeek — DeepSeek is an artificial intelligence company that develops language models, AI-powered applications, and developer tools for information processing, problem-solving, and software development. Its product portfolio includes a conversational assistant for answering questions, generating text, explaining concepts, writing code, and supporting analytical tasks. The company provides models such as DeepSeek V4.1 Flash and DeepSeek V4, which support reasoning, programming, and other general-purpose AI applications. Through its API platform, DeepSeek enables developers and businesses to integrate its models into software, automated workflows, and AI-powered services. It also publishes technical research, model documentation, and open-weight model releases that allow developers to explore and deploy supported models in their own environments. DeepSeek's services serve individual users, programmers, researchers, and organizations seeking AI tools for everyday tasks, technical development, and application building.
  • NeuroXess — NeuroXess is an invasive brain-computer interface with high-density flexible brain electrodes aimed at brain research and disease diagnosis.
  • PhotonPay — Founded in 2015, PhotonPay is a digital financial infrastructure provider offering global payment solutions to businesses. Our innovative core products include Global Accounts, Card Issuing, Online Payments, Payouts, FX Management and Embedded Finance. PhotonPay has become a Mastercard issuer in Hong Kong and the fintech card issuer in the GreaterChina region of Discover® Network. With a strong compliance culture and technological innovation capabilities, PhotonPay is building a digital payment network to take the friction out of global payments and enhance operational efficiency for businesses operating on a global scale. Headquartered in Hong Kong and providing localized services through nine international offices, PhotonPay partners with a network of top-tier banks and global financial institutions and serves more than 200,000 customers globally.
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Prasetia Dwidharma
VC Fund · Jakarta Pusat, Jakarta Raya, Indonesia · 5 investments in Asia Fitness startups

PT Prasetia Dwidharma was founded in 2008 as a telecommunication infrastructure contractor. The company has started to invest in technology startups since 2013.

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Investment focus

  • Industry: Software, E-Commerce, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Indonesia, Singapore, United States

Investor stats

  • Total investments: 83
  • Round size: Seed $500k–$4.5M; Pre-Seed $46k–$1.5M; Series A $3M–$15M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Baskit — baskit | Empowering wholesalers and distributors with the world's first cloud-native all-in-one app
  • Luna POS — Luna POS provides cloud-based cashier, inventory management, and accounting solutions for SMEs in Indonesia. The company offers a seamless mobile cloud-based Point of Sale (POS) and accounting system, helping the retail industry with managing business activities such as checking the stock of goods, making a bundle menu, calculating sales, and tosee financial statements of the business.
  • DOOgether — Discover quality sports venues, seamless booking, and an active community. DOOGETHER transforms spaces into sports destinations across Indonesia.
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Nissay Capital
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Asia Fitness startups

Nissay Capital is a venture capital Company specializing in seed, start-up, growth capital, middle stage, and later stage investment.

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Investment focus

  • Industry: Health Care, Software, Information Technology
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Japan, United States, Ethiopia

Investor stats

  • Total investments: 349
  • Round size: Seed $455k–$4.5M; Series A $1.2M–$11M; Venture - Series Unknown $899k–$7M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $92M in 2019

Portfolio highlights

  • Indent — Indent creates products that help writers create original works such as novels, manga, screenplays, and game scenarios. They will work to create an environment in which artists can focus on their creations and enjoy sharing their work.
  • Spectronix — Spectronics is a development of new technologies and new applications to bring about innovation, focusing on the future of laser technology.
  • Zeal Boxing Fitness — Zeal Boxing Fitness combines power of sports with the power of technology to provide a service that allows to enjoy fitness.
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Shunwei Capital
VC Fund · Beijing, Beijing, China · 4 investments in Asia 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 internet sectors. Their investors include sovereign wealth funds, fund of funds, university endowment funds, and family offices.

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Investment focus

  • Industry: Manufacturing, Software, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, India

Investor stats

  • Total investments: 635
  • Round size: Seed $1M–$74M; Series A $1.5M–$41M; Series B $8.2M–$55M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $1.2B in 2018

Portfolio highlights

  • 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.
  • Geyuan Technology — Geyuan Technology operates as a cutting-edge brain science technology start-up.
  • Huixi Intelligent — Huixi Intelligent focuses on autonomous driving chips, and its products include chip computing platforms, autonomous driving software solutions, and development tool chains.
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Genesia Ventures
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Asia Fitness startups

Genesia Ventures is a venture capital firm focused on seed/early stage startups in Japan and Southeast Asia. Since it's inception in Dec 2016, Genesia Ventures has invested in over 90 companies in Japan, Indonesia, Vietnam, Singapore and the US. Genesia Ventures invests in various sectors: SaaS, marketplace, Media, Finance, Insurance, RealEstate, Healthcare, Medical, Travel, Education, Manufacturing, Construction, HR, Agriculture, Sports, Retail, Entertainment, etc.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Japan, Vietnam, Indonesia

Investor stats

  • Total investments: 241
  • Round size: Seed $462k–$5.7M; Series A $1.2M–$11M; Venture - Series Unknown $404k–$2.1M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $110M in 2022

Portfolio highlights

  • THE PHAGE — The phage is a medical device company that focuses on developing AI technology to predict postprandial blood glucose levels.
  • AI Mage — AI Mage is an IT company that provides AI solutions for anime production business industries.
  • Umami United — Umami United is a plant-based food brand with unique focus on Japanese food technologies and traditional ingredients to make delicious and healthy food to unite people at one table. The wide lineups are designed to be vegan-friendly, buddhist friendly, and halal friendly for all.
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Access 48,091 investors

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

Browse database — It's Free!
Matrix Partners China
VC Fund · Beijing, Beijing, China · 4 investments in Asia 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 gone on 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, Software, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 763
  • Round size: Seed $1.2M–$74M; Series A $2.3M–$52M; Series B $9.5M–$137M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $92M in 2023

Portfolio highlights

  • Camera360 — Camera360 is a mobile photo editing and selfie camera app that offers filters, beautification, and creative effects. It uses AI-based features like face detection, skin smoothing, beautification, and auto-enhancement to improve photos. The app also includes AI-powered effects such as makeup filters, portrait retouching, and scene optimization for images.
  • Hefei Keye — Hefei Keye is a private company that specializes in producing various general-purpose mechanical items and vacuum machines. The organization places a high priority on technological innovation and has purchased a variety of cutting-edge tools to satisfy its R&D requirements.
  • Hydrogen Phoenix Technology — Hydrogen Phoenix Technology specializes in the research, development, and industrialization of energy technologies.
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Panda Capital
VC Fund · Shanghai, Shanghai, China · 4 investments in Asia 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, Robotics, Software
  • Stage:Seed, Series A, Angel
  • Geography: China, United States, Malta

Investor stats

  • Total investments: 59
  • Round size: Seed $1.4M–$14M; Angel $140k–$1.6M; Series A $1.4M–$16M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $105M 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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Sequoia Capital
VC Fund · Menlo Park, California, United States · 3 investments in Asia Fitness startups

We help the daring build legendary companies from idea to IPO and beyond.

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Investment focus

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

Investor stats

  • Total investments: 2614
  • Round size: Seed $1.2M–$14M; Series A $5M–$48M; Series B $11M–$100M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2026

Portfolio highlights

  • Skai — Skai is an AI-powered platform that offers consumer and market insights, strategic planning, omnichannel media activation, testing, and measurement services to brands and retailers. It is the go-to-market engine that enables smarter decisions and better outcomes with actionable intelligence in making customer connections. It includes a suite ofdata-driven products for market intelligence, omnichannel media activation, testing, and measurement, enabling brands and agencies to make predictions, improve strategic planning and drive growth on the most important customer channels.
  • Medallion — Provider credentialing and enrollment reimagined. Accelerate time-to-revenue, stay compliant, and scale provider operations, without adding headcount, through automated credentialing and enrollment.
  • Sourcepulse — Sourcepulse empowers engineering leaders to spot delays early, fix process bottlenecks, and confidently commit to deadlines.
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ZhenFund
VC Fund · Beijing, Beijing, China · 3 investments in Asia Fitness startups

ZhenFund is a seed fund founded by former entrepreneurs to invest in the most promising innovators. New Oriental co-founders Bob Xiaoping Xu and Victor Qiang Wang established ZhenFund in 2011 in collaboration with Sequoia Capital China. ZhenFund now has a network of over 800 portfolio companies, including over 30 unicorns based in China. We believe that great businesses start with exceptional founding teams. We are dedicated to helping our entrepreneurs build successful companies by providing them with mentorship and the best resources available. Some of our services include biannual demo days to top Chinese VCs, ZhenHR services, marketing and PR consulting, as well as fundraising. Our strong and large CEO network also facilitates entrepreneurs helping each other, especially via our WeChat platform. ZhenFund has been ranked as the “#1 Early-Stage Investment Firm” for six years. Bob Xiaoping Xu, Founder of ZhenFund, has been named on the Midas List since 2016 and ranked #11 in 2019. Anna Fang, Founding Partner and CEO of ZhenFund, has been named on the Midas List since 2019 and made her 4th appearance as #12, and #1 on Midas Seed List in 2022.

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Investment focus

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

Investor stats

  • Total investments: 815
  • Round size: Seed $98k–$11M; Angel $425k–$3M; Series A $863k–$22M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $140M in 2022

Portfolio highlights

  • XHEART — XHEART specializes in the designing and development of computing chips for physical AI applications.
  • Snowplus — SNOWPLUS is an e-cigarette brand that provides users with e-cigarette products through a combination of online and offline sales models. The products are available in 12 different types of flavors. The products use TrueFeel honeycomb ceramic atomization technology and Aeroflow intake. Technology; In addition to reference to the existing food-gradestandards in China, Xuejia has also passed a number of third-party certifications in terms of safety. The core components such as atomizing core and cigarette holder comply with the highest medical safety standards of the FDA and the European Union.
  • Futuring Robot — Futuring Robot is a developer of dual-arm home service robots focusing on C-end home scenarios.
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CMG.ASIA
VC Fund · 3 investments in Asia Fitness startups

Investment focus

  • Industry: Sports, Fitness, Health Care
  • Stage:Seed, Series A, Series C
  • Geography: Vietnam, Singapore, United States

Investor stats

  • Total investments: 17
  • Round size: Seed $600k–$2M; Series A $1M–$1M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • NRG Asia — NRG ASIA will be the leading esports entertainment platform focused on building championship teams, expanding the esports fan base, and providing captivating experiential entertainment.
  • M.O.I Cosmetics — M.O.I is Vietnam's first professional cosmetics brand, with international quality standards and pricing that are affordable to Vietnamese women. M.O.I always works with top specialists in the global cosmetics business and beauty icons in Vietnam to develop excellent product lines that are appropriate for Vietnamese style, climate, and income.All M.O.I Cosmetics products are created with the most advanced contemporary technology and originated in Korea (Made in Korea), and are licensed for quality requirements in two countries: Korea and Vietnam.
  • GAM Entertainment — Vietnam to the World. Taking Southeast Asia's next generation of players, creators, and leaders to the world stage.
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HSG
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 3 investments in Asia Fitness startups

HSG is a leading venture capital and private equity firm investing globally in the technology, healthcare, and consumer sectors.

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Investment focus

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

Investor stats

  • Total investments: 1144
  • Round size: Seed $2M–$50M; Series A $2M–$100M; Series B $10M–$200M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — raised $2.5B in 2024

Portfolio highlights

  • 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.
  • Xinghuo Chenguang — Xinghuo Chenguang is a hard-tech company focusing on semiconductor chips and optoelectronic interconnect technologies.
  • Suisheng Technology — Suisheng Technology is an innovative company specializing in AI-driven memory services, dedicated to developing intelligent solutions that help individuals and businesses capture, organize, and retrieve important information with greater efficiency and precision.
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Orbit Ventures
VC Fund · Singapore, Central Region, Singapore · 3 investments in Asia Fitness startups, 32 in the past 12 months

Orbit helps scale breakthrough startups from around the globe across emerging and frontier markets.

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Investment focus

  • Industry: E-Commerce, Software, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: China, United States, India

Investor stats

  • Total investments: 577
  • Round size: Seed $100k–$2M; Pre-Seed $100k–$1M; Convertible Note $30k–$20M
  • Lead/follow: 73% lead, 27% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • i4TECH — Modular, scalable, fully managed manufacturing digital solutions that enable your AI adoption. Moving Industry 4.0 forwards with a unified, comprehensive data driven approach
  • Qanary — Qanary is a digital second-opinion platform designed to help radiologists detect cancer at its earliest, most treatable stages.
  • openmed — OpenMed provides digital healthcare services, telemedicine, pharmacy products, diagnostics, and medication delivery.
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Mizuho Capital
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Asia Fitness startups

Mizuho is the venture capital firm affiliated to Mizuho Bank, the second-largest Japanese bank in terms of assets. The firm has headquarters in Tokyo. The firm has ¥49.6 billion JPY under management, focusing on information technology and biotechnology investments. Over 600 Mizuho companies have gone public. According to Nikkei, Mizuho is the fifth-largest venture capital firm in Japan. Mizuho Capital was formed in 2002 by the merger of Fujigin Capital, Tokyo Venture Capital and IBJ Investment. Three firms were subsidiaries of Fuji Bank, Dai-Ichi Kangyo Bank and the Industrial Bank of Japan respectively.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Venture - Series Unknown, Series A, Series B
  • Geography: Japan, United States, Singapore

Investor stats

  • Total investments: 564
  • Round size: Series A $1.4M–$32M; Series B $2.4M–$47M; Venture - Series Unknown $581k–$10M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $92M in 2020

Portfolio highlights

  • CaTe — CaTe is based in Tokyo. CaTe develops and manufactures a Digital Therapeutic (DTx) for remote cardiac rehabilitation. Their invention allows heart disease patients to safely and successfully complete cardiac rehabilitation utilizing standing exercise in a confined space, such as at home, without the use of ergometers or similar instruments.
  • Flyle — Flyle provides a cloud based platform for product management helping customers to improve productivity & creativity in product development.
  • Crosssector — Crosssector provides sensor DX solutions for various kinds of construction and maintenance applications.
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Frees Fund
VC Fund · Beijing, Beijing, China · 3 investments in Asia 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-stage startups, 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, Medical
  • Stage:Series A, Angel, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 245
  • Round size: Seed $1.4M–$14M; Angel $452k–$10M; Series A $1.6M–$28M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $144M in 2015

Portfolio highlights

  • Chuguang 3D — Chuguang 3D is a optical micro-nano 3D sensor technology platform that focuses on research and development, and manufacturing of micro-nano-level optical three-dimensional sensing and measurement and testing instruments.
  • Flysound — Flysound is a hearing technology company focused on making advanced AI-powered hearing aids affordable and accessible. Its products combine AI sound processing, Bluetooth connectivity, app-based personalization, and rechargeable convenience. With a focus on innovation, quality, and user-friendly design, Flysound aims to help people hear moreclearly and stay connected to everyday life.
  • Clarify intelligence — Clarify Intelligence is an artificial intelligence technology company focused on the research, development, and deployment of AI-driven software and intelligent solutions. The company specializes in developing foundational AI platforms, application software, and advanced AI algorithms to support a wide range of industry use cases.
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Agile Fund
VC Fund · Beijing, Beijing, China · 3 investments in Asia 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: Health Care, Sports, Fitness
  • Stage:Series A, Venture - Series Unknown, Angel
  • Geography: China

Investor stats

  • Total investments: 9
  • Round size: Series A $1.5M–$2.9M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • HAIQIU — HAIQIU provides services of data collection, storage, analysis, and visualization for the sports industry. It integrates high-quality sports resources with the help of internet technology and innovative business models. The company was founded in 2016 and is headquartered in Beijing, China.
  • VCBeat — VCBeat is a Media & Entertainment platform focusing on healthcare industry.
  • ShapeJoy — ShapeJoy Interests is a company engaged in electronic, computer technology development in the field of information technology companies.
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Venturra
VC Fund · Jakarta, Jakarta Raya, Indonesia · 3 investments in Asia Fitness startups

Empowering outstanding entrepreneurs across Southeast Asia in creating the next defining technology companies.

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Investment focus

  • Industry: E-Commerce, Financial Services, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Indonesia, Singapore, Vietnam

Investor stats

  • Total investments: 74
  • Round size: Seed $1.2M–$6M; Series A $4M–$12M; Series B $4M–$60M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $150M in 2015

Portfolio highlights

  • FR8Labs — FR8Labs offers a practical freight forwarder solution that includes all of the modules required, without the extraneous trappings of overly sophisticated features that may not use but wind up paying for.
  • Saladin — Saladin is an online platform that provides life, health, automotive, and travel insurance services.
  • Klinik Pintar — Klinik Pintar membantu pasien mendapatkan layanan kesehatan primer terbaik di klinik, rumah, dan kantor.
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Artesian VC
VC Fund · Melbourne, Victoria, Australia · 3 investments in Asia Fitness startups

Artesian Capital Management is an alternative investments management company, which was spun out of ANZ Banking Group's capital markets business in 2004, with backing from ANZ Private Equity. Artesian's founding partners, purchased ANZ's stake in 2005. The company has subsequently been fully owned by partners and staff. Since 2004, Artesian has managed specialised funds focused on credit arbitrage and relative-value strategies across global financial markets. In 2008, while continuing to manage credit relative value investment strategies from its New York, London and Singapore offices, Artesian began to make principal investments in seed/early-stage ventures from its offices in Sydney, Melbourne and Shanghai. In 2011, Artesian launched the first of its early stage venture capital funds and now manages AUD +255m. Artesian's VC strategy is to partner with best of breed accelerators, incubators, angel groups and university programs. In 2017, Artesian launched its China VC Fund with a USD 50m cornerstone investment industry super fund Hostplus. Artesian will soon launch a Southeast Asia VC Fund.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Australia, United States, China

Investor stats

  • Total investments: 659
  • Round size: Seed $40k–$4M; Pre-Seed $29k–$535k; Venture - Series Unknown $650k–$17M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $36M in 2023

Portfolio highlights

  • Vaulta — Vaulta is a battery casing technology company based in Brisbane, Australia. Using advanced composite materials and smart, streamlined design, Vaulta has developed a lighter and smaller battery case with fewer parts, creating scalable efficiencies and opportunities for manufacturers. Vaulta founder and director Dominic Spooner has over 12 yearsexperience as a design engineer, and has worked in a range of industries, including renewables and batteries, defence and aerospace, consumer products, commercial products and startups. While working in battery design, Dominic saw firsthand that opportunities for growth were being overlooked in favour of continuing with the status quo – and that’s when the idea for Vaulta was born.Vaulta’s world-first no-weld design means modules can be easily assembled and disassembled, cells reused and recycled, and new cells added as battery technology continues to evolve.From stationary storage and electric vehicles to defence, aerospace and beyond, Vaulta’s battery case technology works wherever batteries do.
  • Coherence Neuro — Opto Biosystems specializes in the development of innovative healthcare technologies that bridge the gap between cancer neuroscience and bioelectronics. The company focuses on creating smaller, softer, and wireless biological interfaces designed to offer a new treatment modality. By leveraging advancements in neural engineering and bioelectronics,Opto Biosystems is dedicated to building new tools that interface with the body, aiming to improve patient outcomes in the healthcare sector. Their work includes exploring the stability of thin-film electrodes for neuromodulation, highlighting their commitment to advancing medical technology.
  • Andromeda Robotics — At Andromeda, our personalised robot companions are helping Australian aged care teams bring joy and connection to residents to improve wellbeing.
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Susquehanna International Group
VC Fund · Bala Cynwyd, Pennsylvania, United States · 3 investments in Asia Fitness startups, 9 in the past 12 months

Discover Susquehanna, a global quantitative trading firm built on a rigorous, analytical foundation in financial markets.

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Investment focus

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

Investor stats

  • Total investments: 166
  • Round size: Seed $2M–$20M; Series A $3M–$35M; Series B $6M–$55M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Pine Labs — Pine Labs offers a merchant platform that includes technology and financial solutions for merchants. These solutions are aimed at helping merchants in increasing their revenue and reducing cost, complexity, and risk.The company connects financial institutions and consumer brands to enable merchants to deliver value to their retail customers. Itpowers offline and online last-mile retail transactions, provides customer insights for targeted sales, and offers financial solutions. The company’s cloud-based platform powers 3,50,000+ POS terminals across 3700 cities and towns in India and Malaysia.Over 1,00,000 merchants across sectors - electronics, food and beverage, fashion, airlines, and more, use Pine Labs’ solutions. 15 major banks, 7 financial institutions, and 100+ brands are part of Pine Labs’ platform.
  • Quintessent — Quintessent is developing optical connectivity solutions to scale computing and Artificial Intelligence (A.I.).
  • Hyperlayer — Build and launch modular financial products in weeks, not years. The programmable orchestration fabric for finance and loyalty.
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Quest Ventures
VC Fund · Singapore, Central Region, Singapore · 3 investments in Asia Fitness startups

Quest Ventures is a top venture capital firm in Asia. For entrepreneurs: venture capital. For enterprises: applied innovation. For ecosystems: accelerate.

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Investment focus

  • Industry: E-Commerce, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Singapore, Malaysia, Kazakhstan

Investor stats

  • Total investments: 167
  • Round size: Seed $50k–$2.5M; Pre-Seed $50k–$75k; Series A $1.8M–$10M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely still investing — raised $10M in 2022

Portfolio highlights

  • AidMi — AidMi is an AI clinical assistant that works inside behavioral health EHRs to automate clinical workflows, documentation, billing.
  • CoFab — AI-powered quoting automation agent for high-end manufacturing industries
  • Kamereo — Purchasing platform and Tech-enable Veggie supply for Restaurants in Vietnam
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Seeds Capital
VC Fund · Singapore, Central Region, Singapore · 3 investments in Asia Fitness startups

Catalysing smart monies into Singapore-based, early-stage technology startups.

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Investment focus

  • Industry: Biotechnology, Artificial Intelligence, Software
  • Stage:Seed, Series A, Series B
  • Geography: Singapore, United States, Hong Kong

Investor stats

  • Total investments: 151
  • Round size: Seed $767k–$6.8M; Series A $2.6M–$21M; Series B $5M–$45M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Ailytics — AI-powered video analytics that improves safety and operational efficiency across construction, manufacturing, and all heavy industries.
  • Nexstrom — Nexstrom is a semiconductor technology company developing wafer-scale 2D semiconductor technology and manufacturing systems for next-generation computing. Its technology is designed to address the high transistor density and energy efficiency requirements of AI infrastructure, supporting the development of advanced computing hardware for AI and other applications.
  • Protuoso Biosciences — Protuoso Bio is a pioneering biotechnology company developing Next-Gen MUXBODIES for Complex Diseases. We leverage AI-driven protein engineering and synthetic biology to advance innovative oncology drug research.
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Axiata Digital Innovation Fund
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 2 investments in Asia Fitness startups

Axiata Digital Innovation Fund is a technology venture fund formed by Axiata Berhad.Axiata has controlling interests in six mobile operators under the brand names of ‘Celcom’ in Malaysia, ‘XL’ in Indonesia, ‘Dialog’ in Sri Lanka, ‘Robi’ in Bangladesh, ‘Smart’ in Cambodia and ‘Ncell’ in Nepal, with strategic interests in ‘Idea’ in India and ‘M1’in Singapore.

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Investment focus

  • Industry: E-Commerce, Apps, Retail
  • Stage:Series A, Venture - Series Unknown, Series B
  • Geography: Malaysia, United Kingdom, Singapore

Investor stats

  • Total investments: 22
  • Round size: Series A $571k–$12M; Series B $5.9M–$30M; Venture - Series Unknown $557k–$2.9M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $2.3M in 2017

Portfolio highlights

  • EasyParcel — Book for Pos Laju, J&T, Pgeon, FedEx, TNT and many other couriers in EasyParcel. Book in 5 minutes and enjoy free pick up from your doorstep.
  • Aerodyne Group — Aerodyne Group (https://aerodyne.group) is a DT3 (Drone Tech, Data Tech, and Digital Transformation) drone-based enterprise solutions provider, and a pioneer in the use of artificial intelligence as an enabling technology for large-scale data operations, analytics, and process optimization. Aerodyne employs over 1000 droneprofessionals to operate on an unprecedented level in the UAS services sector, having managed more than 560,000 infrastructure assets with 458,058 flight operations and surveyed over 380,000 km of power infrastructure across 32 countries globally.Aerodyne is ranked first in the world by Drone Industry Insights (DII) in its ‘Drone Service Provider Ranking 2021’ and ‘Drone Service Provider (Remote Sensing) Ranking 2022; was named Frost & Sullivan’s ‘Asia Pacific UAV Services Company of 2019’; and is a recipient of the Institute of Engineering and Technology (IET) Malaysia’s ‘Industry Excellence Gold Award 2019’. The company’s founder and Group CEO, Kamarul A Muhamed, is 'EY’s Entrepreneur of the Year 2020', 'EY’s Technology Entrepreneur of the Year 2020 Malaysia', Technode Global’s Startup Leader of the Year 2021’, as well as 'SEBA Entrepreneur of the Year 2020'.
  • edotco Group Sdn Bhd — Building shared connectivity for a sustainable future
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Reflect Ventures
VC Fund · Menlo Park, California, United States · 2 investments in Asia Fitness startups

Reflect Ventures makes venture capital investments in high-potential startups at the seed and series A/B+ stages. We identify extraordinary founders, companies and opportunities around the world, including in emerging and frontier markets. Our LPs comprise family offices, institutional investors and HNWIs on six continents, along withrecognized sector experts who are instrumental to our portfolio companies' future growth.

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Investment focus

  • Industry: Logistics, Information Technology, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Pakistan, Nigeria

Investor stats

  • Total investments: 57
  • Round size: Seed $200k–$12M; Pre-Seed $120k–$3.3M; Series A $4M–$40M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Jelt — HealthTech B2B Marketplace
  • PulseTech — Bangladesh's licensed digital pharmaceutical distributor serving 14,000+ pharmacies.
  • Moneco — Moneco is a financial application that aims to provide financial products.
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Integra Partners
VC Fund · Singapore, Central Region, Singapore · 2 investments in Asia Fitness startups

We invest in early stage companies run by exceptional founders using technology to drive change and inclusion in financial services and digital health.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Series A, Seed
  • Geography: Singapore, Philippines, Indonesia

Investor stats

  • Total investments: 57
  • Round size: Seed $1.5M–$13M; Series A $4.1M–$18M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $90M in 2023

Portfolio highlights

  • McEasy — McEasy menyediakan teknologi transportation management system yang terintergrasi dengan GPS tracker, sensor dan open API untuk operasional logistik dan transportasi.
  • Flow — Flow is a credit management company that is transforming the business of unsecured consumer finance in Asia using artificial intelligence and ethical debt collection processes.
  • Spark Systems — Spark Systems is an exciting new Fin-Tech startup funded by industry veterans, we are the first high tech solution provider for institutional forex trading that is originated in Asia. We aim to build world class FX trading platform to serve a growing Asia financial hub. As early member of the firm you will be involved from the very beginning ofbuilding something truly special, and will be duly rewarded with a fast-track career.
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STATION AI
VC Fund · Nagoya, Aichi, Japan · 2 investments in Asia Fitness startups

STATION AI provides a support program at "PRE-STATION Ai".

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Investment focus

  • Industry: Software, Information Technology, Drones
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Japan

Investor stats

  • Total investments: 11
  • Lead/follow: no public data

Portfolio highlights

  • Opt Fit — Opt Fit is a fitness industry that provides fitness, wellness and health-care services.
  • Things — Things offer product development and various information such as CAD, drawings, parts configuration, and price information.
  • Helical Fusion — Helical Fusion is a startup company that aims to commercialize fusion energy using magnetic confinement of high-temperature plasmas.
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Nunc Gestion
VC Fund · 2 investments in Asia Fitness startups

Nunc Gestion is a venture capital firm.

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Investment focus

  • Industry: Fitness, Wellness, Health Care
  • Stage:Seed, Series A
  • Geography: Pakistan

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • MedznMore — MedznMore makes quality healthcare effortless, reliable, and affordable. MedznMore is a digital healthcare innovator, dedicated to improving access to healthcare by blending technology and innovation to solve problems associated with modern-day pharmacies.
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Legend Star
VC Fund · Beijing, Beijing, China · 2 investments in Asia Fitness startups, 16 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 Legend Holdings. 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: 194
  • Round size: Seed $975k–$16M; Angel $244k–$7.8M; Series A $1.5M–$52M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — raised $127M in 2018

Portfolio highlights

  • CellWall — Cellwall is a desktop robot developer focused on the research, development, upgrade, and marketing of its initial product, CyboPal ONE.
  • Ubot Robotics — Ubot Robotics is dedicated to developing leg-and-foot bionic robots and has built a diverse range of bipedal, quadrupedal, hexapodal, and other leg-and-foot bionic robots.
  • Super Evolution Intelligence — Super Evolution Intelligence focuses on developing fundamental research models equipped with advanced meta-research capabilities, enabling them to analyze existing scientific knowledge, identify research gaps, formulate novel hypotheses, and autonomously explore complex problems.
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Daiwa Corporate Investment
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Asia Fitness startups

Daiwa Corporate Investment is a private investment firm of Daiwa Securities Group that has been engaged in overseas VC investments by taking advantage of an extensive business network in Japan and foreign countries, long experience and professional knowledge, and by supporting the growth of a number of overseas portfolio companies and their stock exchange listings.

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Investment focus

  • Industry: Software, Manufacturing, Health Care
  • Stage:Venture - Series Unknown, Series A, Seed
  • Geography: Japan, United States, France

Investor stats

  • Total investments: 145
  • Round size: Seed $310k–$1.3M; Series A $1.1M–$6.9M; Venture - Series Unknown $910k–$9.2M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $90M in 2018

Portfolio highlights

  • NovAccel — NovAccel operates as a deep tech company, ensure a stable supply of medical radioisotopes.
  • AstroX — AstroX is a private space startup company that develops satellite launch vehicles for space development. It utilizes the rockoon method for developing launch vehicles and small rockets to help clients easily use space.
  • Sonire Therapeutics — SONIRE Therapeutics Inc. (SONIRE) is working on a next-generation high-intensity focused ultrasound (HIFU) therapy system that will employ acoustic engineering (ultrasound) technologies developed through cutting-edge academic research. SONIRE has been working on a next-generation high-intensity focused ultrasound (HIFU) treatment system as a noveltherapeutic modality with the goal of giving cancer patients and their families a new future.
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Tamarace
VC Fund · Shenzhen, Guangdong, China · 2 investments in Asia 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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M Venture Partners (MVP)
VC Fund · Singapore, Central Region, Singapore · 2 investments in Asia Fitness startups

We support entrepreneurs across Southeast Asia, and selectively India.

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Investment focus

  • Industry: Financial Services, FinTech, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Singapore, India, Thailand

Investor stats

  • Total investments: 69
  • Round size: Seed $845k–$6M; Pre-Seed $500k–$5M; Series A $3M–$20M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — raised $55M in 2022

Portfolio highlights

  • Cube Asia — Cube Asia helps the world's leading brands, investors, and consulting firms access best-in-class e-commerce market data and insights.
  • Intellend — Intellend Technologies Advisors provides an embedded financing platform that integrates working capital lending into MSME-focused digital merchant ecosystems. The company offers a full stack lending-as-a-service model that connects merchant platforms, regulated lenders, and merchants through a single technology layer. Its platform supportsshort-term working capital, transparent fixed-fee pricing, and flexible daily or monthly repayment options with minimal documentation. Digital merchant ecosystems use Intellend to add contextual credit, earn origination fees, and access real-time analytics. Lenders use it to reach underserved MSMEs, support priority sector lending, and apply AI-driven risk assessment.
  • House Of Zelena —
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Mitsubishi UFJ Capital
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Asia Fitness startups

Mitsubishi UFJ Capital is a venture capital firm focusing on life science, ICT, and high technology investments.

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Venture - Series Unknown, Series A, Seed
  • Geography: Japan, United States, Israel

Investor stats

  • Total investments: 711
  • Round size: Seed $482k–$16M; Series A $1.2M–$19M; Venture - Series Unknown $525k–$11M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: May invest from a new fund soon — raised $94M in 2020

Portfolio highlights

  • Caguuu — Caguuu offers high-quality designer furniture at affordable prices, through e-commerce, eliminating middlemen and store operating costs.
  • Luxna Biotech — Luxana Biotech is a biotechnology firm dedicated to promoting the practical use of safe and effective nucleic acid therapies. Utilizing nucleic acid chemistry technology, the company strives to provide nucleic acid medicines to patients suffering from diseases that currently lack effective treatments.
  • Link Therapeutics — Link Therapeutics specializes in developing therapeutic methods for targeting autoantibodies and identifying pathogenic autoantibodies.
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Guangjian Lab
VC Fund · 2 investments in Asia Fitness startups

Guangjian Lab

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Investment focus

  • Industry: Fashion, Fitness, Big Data
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 2
  • Round size: Seed $150k–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • LemonBox — LemonBox combines big data and US registered dietitians, to offer personal, nutritional, and living-well advice to Chinese customers. It provides personalized daily vitamin packs made in the U.S. and shipped to customers within 7-10 days, based on a monthly subscription model. LemonBox was founded in 2016 and is based in Beijing, China.
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Qixi Capital
VC Fund · 2 investments in Asia Fitness startups

Qixi Capital

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Investment focus

  • Industry: CRM, Fashion, Fitness
  • Stage:Series A, Seed, Angel
  • Geography: China

Investor stats

  • Total investments: 5
  • Round size: Series A $1.5M–$16M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Commsat — Commsat is a low-track small satellite constellation operator based in China.
  • KataWorld — KataWorld is a brand of wearable art trendy play, which focuses on DIY and freely assembled wearable art trendy play.
  • myShape — myShape is an innovative AI personal trainer system.
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Formation 8
VC Fund · San Francisco, California, United States · 2 investments in Asia Fitness startups

Formation 8 is a venture capital firm. We support top entrepreneurs to build market leading smart enterprise and energy technology companies. We bring operational expertise to help our portfolio companies achieve global scale.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: United States, South Korea, Canada

Investor stats

  • Total investments: 163
  • Round size: Seed $500k–$5.2M; Series A $5M–$16M; Series B $12M–$46M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $125M in 2015

Portfolio highlights

  • Aviatrix — One platform to contain breaches, stop data exfiltration, and encrypt every cloud crossing, under your keys. Trusted by 500+ Enterprises. Get a demo.
  • Oratomic — Oratomic is a Pasadena-based quantum computing company building fault-tolerant quantum computers with neutral atoms.
  • Cape Analytics — CAPE Analytics uses AI and geospatial imagery to help property insurers and investors better understand the built environment.
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Asia Venture Group
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 2 investments in Asia Fitness startups

Asia Venture Group is a hands-on, private Internet Holding Company and focuses on long-term value creation in South East Asian online markets. Asia Venture Group targets the sweet spots of the Asian internet space by combining: state of the art international know-how and expertise, rigorous execution excellence, outstanding international management talent, and the best local partners. Asia Venture Group focuses on digital distribution models and is extremely selective in terms of the companies it supports, which allows strong engagement in day-to-day operations.

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Investment focus

  • Industry: E-Commerce, Internet, Wellness
  • Stage:Series A, Seed, Venture - Series Unknown
  • Geography: Malaysia, United States, India

Investor stats

  • Total investments: 22
  • Round size: Seed $500k–$1.5M; Series A $3.6M–$20M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — raised $78M in 2019

Portfolio highlights

  • Bem Robotics — Bem Robotics is developer of indoor industrial robotics technology designed to improve automated material handling and operational control
  • Flower Chimp — Best Price online for fresh Flowers by #1 florist in Malaysia with same day FREE Delivery on all orders. Shop for Roses, Sunflowers, Baby Breath flower bouquets & gifts from a wide selection for any occasion at FlowerChimp. Over 200 bouquets, stands and hampers to choose from - all prepared by experienced professionals
  • Multiply Labs — Multiply Labs develops robotic systems that manufacture small-batch drugs. Current pharma production methods are manual, slow, and costly. We believe that the only way to scale them is with cloud-controlled robots.
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China Equity
VC Fund · Beijing, Beijing, China · 2 investments in Asia 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, Information Technology, Health Care
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 103
  • Round size: Series A $1.4M–$43M; Series B $3M–$162M; Series C $15M–$117M
  • Lead/follow: 18% lead, 82% 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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Kleiner Perkins
VC Fund · Menlo Park, California, United States · 2 investments in Asia 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: 1197
  • Round size: Series A $5M–$50M; Series B $11M–$71M; Series C $12M–$120M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Athos — Athos uses EMG real-time biofeedback to help you go from guessing to knowing if you are performing at your best. #BuildBetterAthletes
  • 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.
  • Miaozhen Systems — Beijing second hand information company (秒针信息) is a provider and evaluator of digital advertising solutions through cloud computing, cloud storage, and artificial intelligence technology. It is also the first digital advertising effect evaluation enterprise specializing in target audiences in China.Founded in 2006, Beijing second handinformation company solves the problem of contact effect of online advertisement by arrival rate, effective frequency, internet gross rating points, audience features, and provides an inter-media effect evaluation and optimization tool.
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Mekong Capital
VC Fund · Ho Chi Minh City, NA - Vietnam, Vietnam · 2 investments in Asia Fitness startups

Mekong Capital is a Vietnam-focused Private Equity firm, specializing in consumer driven businesses. Mekong Capital’s investee companies are typically among the fastest growing and market leading companies in Vietnam’s consumer-driven sectors such as retail, restaurants, consumer products and distribution.Established in 2001, Mekong Capitalhas the most extensive private equity track record in Vietnam. Our funds have completed 30 private equity investments, of which 22 have been fully exited and 1 has been partially exited. Mekong Capital has managed 5 funds, one of which is currently making new investments. Mekong Capital has a team of 50+ full-time people in our offices in Ho Chi Minh City, Hanoi, who have an average tenure at Mekong Capital of around 6 years. Three Partners with combined 31 years at Mekong Capital.Mekong Capital invests in fast-growing companies, with ambitious expansion plans, and a strong commitment to building management teams that will apply best practices and successfully execute on those expansion plans. These companies are typically well-established companies in their sectors, but which typically operate in fragmented and fast growing markets which present attractive growth opportunities.Mekong Capital is strongly committed to adding significant value at each of its investee companies – through operational improvements, building management teams, introduction of best practices and outside experts, and applying other elements of our Vision Driven Investing framework.

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Investment focus

  • Industry: Manufacturing, Retail, E-Commerce
  • Stage:Private Equity, Series B
  • Geography: Vietnam, Spain, Hong Kong

Investor stats

  • Total investments: 50
  • Round size: Series B $21M–$30M; Private Equity $5.4M–$15M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — raised $246M in 2019

Portfolio highlights

  • F88 — F88 brand name was established in 2013. pioneered in professionalizing of pawn services in Vietnam, bringing fast, reliable and professional financial solution to consumers, blowing fresh winds to the traditional pawn market. With the model of nationwide pawn system, F88 currently provides loans with diversified mortgage assets such as cars,motorcycles, mobile phones, laptops, etc. F88’s competitive advantage lies at the professional management team with a strong commitment toward bringing customers reliable, professional, friendly and fast financial services, from which, to change social perceptions about traditional pawn market. With a wide network of stores, modern technology system, well-trained staffs and high quality services, F88 has been honored Gold Cup for reliable products, perfect service, preferred brands in 2016 granted by Intellectual Property and Creativity magazine – Intellectual Property Association of Viet Nam and Intellectual Property International Academy.
  • Gene Solutions — Gene Solutions is a genetic testing company in Vietnam and the market leader for reproductive health tests, which respond to critical healthcare needs, such as helping parents detect chromosomal disorders during pregnancy, or preventing genetic problems, and helping to conceive a child (in-vitro fertilization – IVF).
  • Thai Nguyen International Hospital — Thai Nguyen International Hospital provides healthcare services and offers accommodation, surgery, intensive care, laboratory & drugstore.
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Key Family Partners
VC Fund · Geneva, Geneve, Switzerland · 2 investments in Asia Fitness startups

KFP is a family owned investment office, serving high net worth families to integrate their financial needs. The core competence lies in providing services focused on asset management, club deals, and wealth reporting.

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Investment focus

  • Industry: Fitness, Wellness, Health Care
  • Stage:Seed, Series A
  • Geography: Pakistan

Investor stats

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

Portfolio highlights

  • MedznMore — MedznMore makes quality healthcare effortless, reliable, and affordable. MedznMore is a digital healthcare innovator, dedicated to improving access to healthcare by blending technology and innovation to solve problems associated with modern-day pharmacies.
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Romlas Health Group
VC Fund · Manila, Manila, Philippines · 2 investments in Asia Fitness startups

Romlas Health Group is a company that works in the Health, Wellness, and Fitness industry.

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Investment focus

  • Industry: Fitness, Wellness, Health Care
  • Stage:Seed
  • Geography: Philippines

Investor stats

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

Portfolio highlights

  • Mediclick — Mediclick is an e-pharmacy that offers health and wellness products like supplements, vitamins, over the counter and prescription medicine.
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Caucasus Ventures
VC Fund · Baku, Baki, Azerbaijan · 2 investments in Asia Fitness startups

Caucasus Ventures is a venture capital firm.

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Investment focus

  • Industry: Artificial Intelligence, Software, Financial Services
  • Stage:Seed, Pre-Seed, Series B
  • Geography: United States, Georgia, Azerbaijan

Investor stats

  • Total investments: 38
  • Round size: Seed $106k–$1.7M; Pre-Seed $50k–$2.5M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Replenit — Transform your repeat purchase revenue with Replenit's AI Decision Engine. Predict exactly when customers need to reorder based on individual consumption pat...
  • TASS Vision — A startup company specializing in computer vision based on artificial intelligence and embedded technologies. The company develops and implements technologies such as recognition, detection, tracking and classification, which runs on small embedded computers. In other words: A company that is essentially your second eyes.The company was foundedin 2019.
  • Glacies Biome — We unlock the personalized facial microbiome to redefine precision skincare, combining sequencing science, AI insights, and personalized routines.
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Sturgeon Capital
VC Fund · London, England, United Kingdom · 2 investments in Asia Fitness startups

Unique investment funds for those who believe the best opportunities for profit, impact, and innovation can be found in frontier & emerging markets.

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Investment focus

  • Industry: FinTech, Software, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Uzbekistan, Pakistan, Bangladesh

Investor stats

  • Total investments: 41
  • Round size: Seed $150k–$5.4M; Pre-Seed $125k–$1.5M; Series A $2.1M–$17M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • KLIPY — Discover KLIPY, the largest library of localized GIFs, Memes, Stickers and Clips! Make your conversations fun and expressive with the best content.
  • Surfaice — Surfaice automates repeatable project deployments, allowing businesses to scale efficiently and focus on innovation.
  • PeopleForce — PeopleForce is one of the BEST and fastest growing online HR Software service provider, we consist​ of highly qualified and experienced members with dedicated team. we love the fact that our solution and software is making HR service more convenient and easy for our customer. Our Product Include Applicant Tracking Software: Our service help youfind the right person more faster and easier Staff Onboarding: Every phase of onboarding process with a new employer is important. By using our onboarding software you will increase employee retention and save more money and stress. Leave tracking: Leave tracking will help you to easily record leave for holidays, vacations, half-day etc.Electronic signatures: Tool to sign your documentHR Reporting: This prove report on all employee on annual salary and current employment status with date range.Performance management: Measure the effective and efficient manner to employee process that enhances your employee’s performance through aligned goals and development. employee directory: Employer master database, thus providing all the information about employee. Custom workflows: Design a custom workflow to fit your organization needs. At PeopleForce , we understand the difficulties in getting the best hands. We also understand the necessity to use good and reliable software and service. We're here to help all of our customers and their unique needs. PeopleForce we “OFFER THE BEST”
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BAI capital
VC Fund · Beijing, Beijing, China · 2 investments in Asia Fitness startups, 13 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 companies and 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: 171
  • Round size: Seed $4M–$100M; Series A $2.9M–$50M; Series B $7.2M–$100M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $700M in 2022

Portfolio highlights

  • Nex — Nex is a motion entertainment company that is transforming sedentary activity into active play. We create new experiences that naturally get you moving.
  • Humanlaya — Humanlaya Data Lab is an AI data lab that designs and maintains benchmark tasks and datasets for evaluating large language models. The company focuses on high-economic-value, complex, real-world scenarios instead of simple test-style questions. Its work includes creating resources like OneMillion-Bench to assess model performance on expert-leveltasks. Humanlaya Data Lab serves AI research groups, model developers, and enterprises that rely on robust evaluation of AI systems. It provides structured data and evaluation standards that support more accurate measurement of AI capabilities and risks.
  • Shumeiwuwu — Shumeiwuwu is a cross-border e-commerce company that provides quality goods and services to consumers through global shopping.
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Golden Gate Ventures
VC Fund · Singapore, Central Region, Singapore · 2 investments in Asia Fitness startups, 9 in the past 12 months

Golden Gate Ventures is a venture capital firm investing across Southeast Asia. Since 2011, the firm has launched four funds, managed US$250M AUM, and invested in 60+ companies in over 7 countries in Asia. The firm focuses on investing in technology companies driven by the rising consumer class in Southeast Asia.

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Investment focus

  • Industry: FinTech, Software, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: Singapore, Indonesia, United States

Investor stats

  • Total investments: 158
  • Round size: Seed $473k–$6M; Series A $1.5M–$15M; Series B $10M–$60M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $100M in 2024

Portfolio highlights

  • 3cat — 3cat is an omnichannel platform specializing in the purchase, refurbishment, and sale of second-hand smartphones. The company operates through an integrated network of both online and physical retail outlets.
  • Triangle — We route, produce and promote tours across the region.
  • Kita Technologies — Kita Technologies uses computer vision and vision language models to transform unstructured documents into structured underwriting data.
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PreAngel
VC Fund · Beijing, Beijing, China · 2 investments in Asia 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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Lighthouse Capital Management
VC Fund · Shanghai, Shanghai, China · 2 investments in Asia 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, Manufacturing
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Czech Republic

Investor stats

  • Total investments: 35
  • Round size: Seed $1M–$10M; Angel $425k–$899k; Series A $451k–$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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