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Top 45 Hospitality Startup Investors in China (June 2026)

The most active venture capital funds and angel investors investing in China Hospitality startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Hospitality startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Legend Capital
VC Fund
2 China, United States, South Korea Series B, Series A, Series C Health Care, Medical, Biotechnology $2.8M–$200M
Frees Fund
VC Fund
2 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Health Care, Biotechnology $425k–$35M
Eastern Bell Capital
VC Fund
2 China, Hong Kong, United States Series A, Series B, Series C E-Commerce, Manufacturing, Logistics $7.1M–$283M
Jihu Jijin
VC Fund
1 China Series A Retail, Catering, Recruiting
Cathay Innovation
VC Fund
1 United States, France, China Series B, Series A, Series C Artificial Intelligence, Software, Financial Services $8M–$200M
Yisan Capital
VC Fund
1 China Seed, Series A, Series B Food and Beverage, Manufacturing, Food Processing $1.6M–$14M
Jayo Media
VC Fund
1 China Series A Hotel, Hospitality
Fenghe Capital
VC Fund
1 China, United States, Singapore Seed, Series C, Series A Manufacturing, Battery, Energy $28M–$638M
Medtronic
VC Fund
1 United States, Israel, China Series C, Series B Health Care, Medical Device, Medical $3.6M–$114M
Anova Capital
VC Fund
1 China, Australia Series A, Seed Education, Rental, Travel
StarVC
VC Fund
1 China, United States Series A, Series B, Angel Software, Information Technology, Artificial Intelligence $425k–$410M
Buhuo Ventures
VC Fund
1 China Series A, Angel, Seed Food and Beverage, E-Commerce, B2B $140k–$16M
Kinzon Capital
VC Fund
1 China Series A, Series B, Seed Robotics, Artificial Intelligence, Information Technology $425k–$110M
Shunxi Fund
VC Fund
1 China Series A, Seed, Series B Biotechnology, Manufacturing, Medical $419k–$85M
Innovation and Technology Venture Fund
VC Fund
1 Hong Kong, China Series A, Seed, Series B Information Technology, Software, Artificial Intelligence $2M–$150M
Zero2IPO Ventures
VC Fund
1 China, Taiwan, India Series A, Series B, Angel E-Commerce, Internet, Education $142k–$42M
Maintrend Capital
VC Fund
1 China Series A, Seed, Series B Internet, Training, Education $425k–$28M
Tunlan Investment
VC Fund
1 China Series A, Angel, Series B E-Commerce, Health Care, SaaS $425k–$14M
Loyal Valley Capital
VC Fund
1 China, United States, Hong Kong Series C, Series A, Series B Biotechnology, Health Care, Pharmaceutical $2.7M–$300M
Yongsheng Capital
VC Fund
1 China Seed, Series B Sales, Manufacturing, Advanced Materials
Fosun International
VC Fund
1 China, United States, Israel Series A, Series B, Series C Health Care, Manufacturing, Information Technology $1.4M–$99M
Matrix Partners China
VC Fund
1 China, United States, Hong Kong Series A, Series B, Series C Health Care, Biotechnology, Software $2.8M–$200M
Huazhu Hotels Group
VC Fund
1 China Series A Rental, Coworking, Hospitality $28M–$300M
JC Capital
VC Fund
1 China Series A, Series B TV Production, Media and Entertainment, B2C $2.8M–$96M
Gaw Capital Partners
VC Fund
1 China, Singapore, United States Series A, Seed, Series C Real Estate, Hotel, Internet $3M–$250M
Beyond Ventures
VC Fund
1 China Series A SaaS, Hotel, Retail
Boyu Capital
VC Fund
1 China, United States, Hong Kong Series A, Series C, Series D Biotechnology, Health Care, Medical $14M–$1B
ClearVue Partners
VC Fund
1 China, United States, Denmark Series B, Series A, Series C E-Commerce, Food and Beverage, Mobile $3M–$267M
Zhongjing Investment
VC Fund
1 China Seed, Angel Hospitality, Manufacturing, Sustainability
Gobi Partners
VC Fund
1 China, Malaysia, Singapore Series A, Seed, Series B E-Commerce, Financial Services, Internet $800k–$37M
YF Capital
VC Fund
1 China, United States, Indonesia Series A, Series B, Series C Biotechnology, Health Care, Internet $1.4M–$600M
High Star Holding Group
VC Fund
1 China Seed, Debt Financing Hotel, Hospitality
The Ascott China
VC Fund
1 China Series A, Series D Customer Service, Apps, Rental
Xinjiang Kangpu Jianshe Touzi
VC Fund
1 China Series A Retail, Catering, Recruiting
Magic Capital
VC Fund
1 China, United States, Hong Kong Series A, Seed, Angel Education, Internet, Artificial Intelligence $142k–$14M
Cathay Capital
VC Fund
1 China, France, United States Series B, Series A Manufacturing, Health Care, Biotechnology $14M–$125M
Puhua Capital
VC Fund
1 China, United Kingdom, United States Series A, Series B, Seed Health Care, Medical, Manufacturing $1.4M–$112M
Shanda Capital
VC Fund
1 China, United States, Hong Kong Angel, Series A Mobile, Software, Manufacturing $283k–$14M
Suzhou International Development Venture Capital
VC Fund
1 China, United States Series A, Series B Manufacturing, Semiconductor, Medical $1.4M–$110M
Ocean Link
VC Fund
1 China, United States Series C, Series D, Series A E-Commerce, Coworking, Apps $40M–$510M
Cybernaut Venture Capital
VC Fund
1 China, United States, United Kingdom Series A, Angel, Series B Information Technology, Software, Education $425k–$59M
DT Capital Partners
VC Fund
1 China, United States, South Korea Series A, Series B, Series C Health Care, Medical, Biotechnology $1.4M–$92M
CCB International
VC Fund
1 China, United States, Hong Kong Series A, Series C, Series B Health Care, Biotechnology, Manufacturing $1.5M–$1.5B
QF Capital
VC Fund
1 China, Hong Kong, United States Series A, Angel, Seed Artificial Intelligence, E-Commerce, Software $425k–$16M
Ding Xiang Capital
VC Fund
1 China Seed, Series A, Angel Manufacturing, Solar, Energy $2.9M–$23M
Access all 101 investors in China Hospitality startups.

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

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Investor list

Legend Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Hospitality startups

Legend Capital, a subsidiary of Legend Holdings Ltd., started its vintage year in April, 2001 with a mission to become a top-notch and the most respected venture capital investment manager in China.Managing up to US$700 million across four funds, Legend Capital focuses on driving high-growth ventures with operations substantially based in Chinaor on markets related to China.Legend Capital mainly invests in early stage IT companies, specifically, in sectors of network applications and services, outsourcing and professional services, Infrastructure (IC design/key components), and mid-market growth stage companies in the fields of consumer goods, clean technology, health care, equipment manufacturing and modern services.Among over 60 portfolio companies are Joyo.com (acquired by Amazon.com), SinoCom (0299.HK), Solarfun Power (Nasdaq: SOLF), Spreadtrum Communications (Nasdaq: SPRD), China Sunshine Paper (2002.HK), and VanceInfo (NYSE:VIT), Eyang (0117.HK), etc.As an active investor, Legend Capital provides its portfolio companies extensive business resources and tailored services to assist with business development, company image building, and other critical company building activities on Chinese market so as to add value and maximize returns. Legend Capital is proud and thankful that it has the opportunity to blaze a trail with its innovative practice for China's venture capital industry.

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, South Korea

Investor stats

  • Total investments: 372
  • Round size: Series A $2.8M–$94M; Series B $12M–$113M; Series C $14M–$200M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $177M in 2021

Portfolio highlights

  • Dipeak — Dipeak is a big data computing and artificial intelligence company that helps businesses traverse the AI era. Dipeak offers computer software services connected to data intelligence engines that integrate computing intelligence.
  • Bespin Global — Bespin Global provides consulting, migration, managed services, and solutions for hybrid cloud. They rapidly implement architectures optimized for various industry areas into a hybrid cloud environment interacting with IDB using AWS, MS Azure, and Flexcloud. Bespin Global is a premium brand for strengthening Hostway's cloud business that hasprovided corporate professional hosting services and managed services since 1998 and is dedicated to Hostway's cloud managed service provider (MSP) business.
  • Volant Aerotech — Volant Aerotech is a company specializing in the R&D, manufacturing, and service of passenger eVTOL, an electric vertical take-off and landing aircraft.
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Frees Fund
VC Fund · Beijing, Beijing, China · 2 investments in China Hospitality startups

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

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Investment focus

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

Investor stats

  • Total investments: 194
  • Round size: Seed $1.4M–$14M; Angel $425k–$17M; Series A $1.4M–$35M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $130M in 2015

Portfolio highlights

  • SoundAI — Sound Technology is a science and technology innovation company that specializes in acoustics frontier technology and artificial intelligence interaction. It is committed to lead the more interactive experience of artificial intelligence in the real environment and realize the human-computer interaction vision that "listen to you and know whatyou think".
  • Jiajin Biotech — Jiajin Biotech is a pharmaceutical R&D service provider. It specializes in the development of antibody-small nucleic acid conjugates.
  • Optical Standard Technology — Optical Standard Technology focuses on the design and manufacture of optical computing chips and optical computing boards for use in scenarios requiring large amounts of AI computing power, such as large model reasoning and training, autonomous driving, smart cities, quantitative finance, AI security.
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Eastern Bell Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in China Hospitality startups, 9 in the past 12 months

Eastern Bell Capital, established in 2010, is an ecosystem-based fund focused on "improving industry efficiency with supply chain as its core competence". The investment areas we focus on include logistics, supply chain, retail & brand, data technology, etc. Through years of hard work, Eastern Bell Capital has built an empoweringeco-resource system with deep knowledge and insight into circulation efficiency.

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Investment focus

  • Industry: E-Commerce, Manufacturing, Logistics
  • Stage:Series A, Series B, Series C
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 158
  • Round size: Series A $7.1M–$94M; Series B $14M–$283M; Series C $14M–$142M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — raised $1.8B in 2021

Portfolio highlights

  • Deeplumen — Deeplumen is an AI-first technology company focused on the intersection of AI agents and global commerce. As the pioneers of the Marketing-to-AI (M2AI) framework, Deeplumen builds the protocols and infrastructure that allow brands to compete in environments where AI systems increasingly mediate consumer decisions.
  • MemoraX AI
  • Xuntu Technology — Xuntu Technology is a leading data intelligence provider specializing in investment research and decision-making solutions.
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Jihu Jijin
VC Fund · Beijing, Beijing, China · 1 investments in China Hospitality startups

Jihu Jijin is an investment firm that provides asset management and investment management services.

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Investment focus

  • Industry: Retail, Catering, Recruiting
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Zouchu Qu — Zouchu Qu offers global HR solutions for healthcare, hospitality, construction, catering, retail, civil and mechanical engineering sectors.
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Cathay Innovation
VC Fund · San Francisco, California, United States · 1 investments in China Hospitality startups

Cathay Innovation is a multistage venture capital firm affiliated with Cathay Capital, investing in founders building transformative businesses across Europe, North America, Asia, Latin America, and Africa. Its platform connects founders with investors and its ecosystem of leading Fortune 500 corporations to help startups scale and transformindustries with consumer-to-enterprise and AI solutions in commerce, fintech, digital health, and mobility/energy. Cathay Innovation now manages over €2.5B AUM with offices in Paris, Berlin, Madrid, San Francisco, Mexico City, Shanghai, and Singapore and has invested in over 150 startups, including Chime, Pinduoduo (NASDAQ: PDD), Glovo, Wallbox (NYSE: WBX), Owkin, Ledger, ZenBusiness, Alma, Descartes Underwriting, and more.

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Investment focus

  • Industry: Artificial Intelligence, Software, Financial Services
  • Stage:Series B, Series A, Series C
  • Geography: United States, France, China

Investor stats

  • Total investments: 106
  • Round size: Series A $8M–$38M; Series B $15M–$55M; Series C $21M–$200M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Nabla — Nabla is the leading ambient AI assistant, reducing practitioner burn-out and improving patient care.
  • Abacum — Our FP&A software automates data integration, eases collaboration & drives rapid insights into your financial health. See why Typeform, Ebury & Cabify trust us.
  • Flowdesk — The new standard for market-making and crypto-financial technology. Market-making as a Service, brokerage, custody of cryptocurrencies.
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Yisan Capital
VC Fund · 1 investments in China Hospitality startups

Yisan Capital

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Investment focus

  • Industry: Food and Beverage, Manufacturing, Food Processing
  • Stage:Seed, Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 8
  • Round size: Seed $1.6M–$7.1M; Series A $14M–$14M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Öarmilk — Öarmilk is a dairy product manufacturer providing the low temperature and short shelf life for fresh dairy products.
  • Peijie Hotpot — Peijie Hotpot provides catering management services. They also provide a catering chain, fast moving food, culture management and entertainment supervision, and hotel management services.
  • Yuanfang Youguang — Stoke Voltaics is an outdoor 3C hardware design and development company that develops and sells outdoor 3C hardware products globally.
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Jayo Media
VC Fund · 1 investments in China Hospitality startups

Jayo Media is a media company.

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Investment focus

  • Industry: Hotel, Hospitality
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Youxi Film Hotel — Youxi Film Hotel which is a hotel in China that combines the perfect combination of hotel and movie IP. It is also a movie hotel theme, combining film derivative industry, movie theme social space and film shooting. An integrated creative culture complex; dedicated to creating a Chinese-style movie and hotel cross-border experience hotel, breakingthrough the traditional overnight function of a traditional hotel, creating the ultimate movie experience for young people with a mindset.
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Fenghe Capital
VC Fund · Hainan, Hainan, China · 1 investments in China Hospitality startups

Fenghe Capital specializes on energy storage investments.

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Investment focus

  • Industry: Manufacturing, Battery, Energy
  • Stage:Seed, Series C, Series A
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 17
  • Round size: Series C $28M–$638M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Robot Era — Robot era is an emerging technology business creates embodied intelligence and generic humanoid robot technologies and products. Xingdong Era is committed to the development of universal humanoid robots that can adapt to a wide range of fields, multiple scenarios, and high intelligence, striving to realize the beautiful vision of intelligent robotsentering thousands of households and integrating into the lights of thousands of homes.
  • AdvanSol Power — AdvanSol Power is dedicated to advancing the solar energy industry by focusing on the research and development of third-generation micro-string inverter technology.
  • Suzhou Kerun New Materials — Suzhou Kerun New Materials is an enterprise focusing on the R&D and production of perfluorinated ion membranes for fuel cell proton exchange membranes, vanadium batteries, and hydrogen production by electrolysis in the field of clean energy. The company was founded by Mr. Yang Dawei.
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Medtronic
VC Fund · Minneapolis, Minnesota, United States · 1 investments in China Hospitality startups

Medtronic provides healthcare technology solutions for complex and challenging conditions. They deliver treatments and therapies for the lungs, brain, dental, diabetes, ENT, heart, gastrointestinal, orthopedic, urinary, and women's health. The company's technologies and therapies treat 70 different medical conditions and include patientmonitoring systems, robotic surgery, insulin pumps, cardiac devices, and more. Medtronic delivers innovative technologies that change people's lives through to its extensive knowledge, insatiable curiosity, and desire to assist everyone in need.

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Investment focus

  • Industry: Health Care, Medical Device, Medical
  • Stage:Series C, Series B
  • Geography: United States, Israel, China

Investor stats

  • Total investments: 86
  • Round size: Series B $3.6M–$114M; Series C $9.6M–$47M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • PowerVision — PowerVision is a private company focused on developing a novel accommodating intraocular lens, which is designed to restore True AccommodationTM. Their innovative FluidVisionTM accommodating intraocular lens (IOL) is poised to help individuals affected by presbyopia and/or cataracts regain the ability to dynamically adjust focus for clearvision at all distances.Fifty years ago, vision correction surgery was changed forever by the invention of the intraocular lens, which is used to treat a cataract – a clouding and hardening of the dime-sized, normally clear, crystalline lens inside your eye which can rob you of your vision in your 60’s, 70’s and 80’s.PowerVision set out to dramatically improve vision correction surgery again. They began the development of their FluidVision IOL, which mimics the way a healthy eye works and can restore clear vision at all distances, near, far, and everywhere in between. It uses a tiny amount of fluid inside the lens and natural eye muscles to change shape and adjust focus just the way your healthy eye does.For the more than 20 million people with cataracts in the U.S. and, ultimately, the more than 90 million with Presbyopia – the loss of ability to focus up close that affects people in their 40’s and 50’s – the FluidVision lens can potentially give them freedom from ever needing glasses, contacts or any vision correction procedure again.
  • Mazor Robotics — View details about the Mazor X Stealth Edition robotic guidance platform, with advanced software, robotic technologies, navigation, and instrumentation supporting your commitment to predictable surgical procedures.
  • Semma Therapeutics — Vertex Pharmaceuticals invests in scientific innovation to create transformative medicines for people with serious diseases.
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Anova Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Hospitality startups

Anova Capital focus on investment in education, big health and new consumption.

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Investment focus

  • Industry: Education, Rental, Travel
  • Stage:Series A, Seed
  • Geography: China, Australia

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Qukoucai — Qukoucai is an online interactive learning platform for children and children. It focuses on providing customized online personal eloquence courses for 4-12 years old children. It includes a complete closed-loop product of teaching, practice, evaluation and display, and is committed to improving children's eloquence. ability.
  • Vantari VR — Virtual Reality for Healthcare
  • Woody Library — Woody Library is the first subscription-based book sharing and rental platform in China. In the cabin, you can spend the least amount of money, read the most books, and never again, the book that bought the hand has turned over a few pages and found that it has no long-term collection value.
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Access 48,091 investors

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

Browse database — It's Free!
StarVC
VC Fund · Beijing, Beijing, China · 1 investments in China Hospitality startups

StarVC is a Chinese venture capital firm that invests in the culture and entertainment, new media, mobile internet, and many other sectors.

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Investment focus

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

Investor stats

  • Total investments: 36
  • Round size: Angel $425k–$425k; Series A $1.4M–$15M; Series B $2.8M–$410M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Fenxiang — Fenxiang Social E-Commerce is a new type of social e-commerce platform. Based on its own merchant resources and Jingdong supply chain, it selects global good goods and focuses on community sharing. It provides services for groups such as promoters, shopping guides, treasure moms and logistics personnel. Group social e-commerce services
  • Tegic — Tegic is a trendy electronics brand with products like digital peripheral power banks, Dayan data cables, small chargers & desktop stands.
  • Springs & Mountains — Springs & Mountains is a health drink company for young people.
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Buhuo Ventures
VC Fund · Beijing, Beijing, China · 1 investments in China Hospitality startups

Buhuo Ventures invests in early and growing TMT and innovative consumer sectors.

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Investment focus

  • Industry: Food and Beverage, E-Commerce, B2B
  • Stage:Series A, Angel, Seed
  • Geography: China

Investor stats

  • Total investments: 39
  • Round size: Seed $140k–$3.2M; Angel $425k–$1.4M; Series A $3M–$16M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $243M in 2021

Portfolio highlights

  • Tustin — Tustin focuses on "hand-rolled and grilled" items such as spicy chicken drumsticks and grilled pineapple burgers.
  • Shala Shike — Shala Shike is a supply chain technology company that focuses on catering, dining, salad carving service, cold chain distribution, and smart machine unmanned sales services.
  • China Model Group — China Model Group is a network of systems for material management. By maximizing the mismatch of assets and enhancing industrial productivity, it enables the standardization, digitization, and financialization of the commercial formwork sector at the level of formwork practitioners. General contracting services are provided by a platform thatbrings together industry resources to guarantee that industry practices are followed during project construction. This platform also uses digital innovation capabilities to enhance industrial efficiency and lower construction costs.
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Kinzon Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Hospitality startups

Kinzon Capital is a Chinese venture capital firm specialized in early- and expansion-stage, and growth capital investments. It is also demonstrated business model or technological innovation and focused on innovation in the post-mobile internet, innovative business models targeting consumers and enterprise / B2B services.Kunzhong Capital wasnamed TOP 20 Best New Generation VC Firms & Best Chinese Artificial Intelligence VC Firms and Newly Developing VC Investment Firm of the year 2018. It is based in Beijing, China.

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Investment focus

  • Industry: Robotics, Artificial Intelligence, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: China

Investor stats

  • Total investments: 44
  • Round size: Series A $425k–$14M; Series B $1.4M–$110M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Cedarobo — Cedarobo is an innovative enterprise dedicated to R&D and mass production in embodied intelligence, driven by the mission to empower the world with robotics and bring robots including humanoid robots into every household while building a comprehensive embodied intelligence industrial ecosystem.
  • Dingxi Zhichuang — Dingxi Zhichuang is an integrated circuit chip developer specializing in the manufacture, design, and services of integrated circuit chips and products, as well as sales and the manufacturing of semiconductor device special equipment.
  • North Ocean Photonics — North Ocean Photonics is a Smart Hardware Company.
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Shunxi Fund
VC Fund · Beijing, Beijing, China · 1 investments in China Hospitality startups

Shunxi Fund is an investment Fund. It is managed by Beijing State-owned Capital Operations and Management.

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Investment focus

  • Industry: Biotechnology, Manufacturing, Medical
  • Stage:Series A, Seed, Series B
  • Geography: China

Investor stats

  • Total investments: 43
  • Round size: Seed $2.4M–$20M; Series A $419k–$71M; Series B $14M–$85M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • varnotech — medical
  • Brise Pharma — Brise Pharma operates in the scientific research and technical service industry.
  • Yunhan Xingchi
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Innovation and Technology Venture Fund
VC Fund · 1 investments in China Hospitality startups

The HK$2 billion ITVF was set up by the Hong Kong Government with a view to creating a vibrant local innovation and technology eco-systems

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Investment focus

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

Investor stats

  • Total investments: 18
  • Round size: Seed $2M–$3M; Series A $2.3M–$14M; Series B $20M–$150M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Varadise — Varadise is a digital twin platform offering technology services, cloud platforms, and business services comprising IoT and AI.
  • LeapXpert — LeapXpert delivers business communication governance and compliance with a platform that ensures secure, compliant messaging across multiple channels.
  • Cornerstone Robotics — Cornerstone Robotics operates to improve the accessibility of high-end medical services in China.
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Zero2IPO Ventures
VC Fund · Beijing, Beijing, China · 1 investments in China Hospitality startups

Zero2IPO Ventures is the venture investment arm under Zero2IPO Group targeted at high-potential, high-growth China enterprises. Leveraging Zero2IPO's vast network in China, Zero2IPO Ventures does not compete with other venture funds, but rather pursue a two-prong investment strategy, i.e. to co-invest with active venture capital firms ingrowth and late stage companies and to lead or co-lead in early stage startups in China. The industry focus includes Internet, mobile and wireless applications, digital media, healthcare, green-tech, consumable products and services, as well as other emerging sectors. We intend to leverage the extensive network that has been created by Zero2IPO Group, a leading venture capital and private equity market research and financial advisory company, to seek out potential investment opportunities and provide a strong value-add to our portfolio companies. Through its venture capital and private equity surveys, investment forums, training programs, and investment advisory services, Zero2IPO Group has developed a strong reputation in the China market for helping entrepreneurs connect with investors.

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Investment focus

  • Industry: E-Commerce, Internet, Education
  • Stage:Series A, Series B, Angel
  • Geography: China, Taiwan, India

Investor stats

  • Total investments: 84
  • Round size: Angel $142k–$1.4M; Series A $1.4M–$29M; Series B $2.9M–$42M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $40M in 2014

Portfolio highlights

  • Makera — Makera builds the smartest desktop CNC machines for makers. Explore our Carvera series, versatile mill routers, and rich case templates for every project.
  • HanchorBio — HanchorBio is a Biotechnology Research firm that is working to revolutionize the treatment of people with cancer.
  • Xuntu Technology — Xuntu Technology is a leading data intelligence provider specializing in investment research and decision-making solutions.
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Maintrend Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Hospitality startups

MainTrend Capital is a venture capital firm specializing in early stage of investment. The firm prefers to invest in technology, financial technology, media, and telecommunication sectors. It also seeks to invest in new generation computing that include cloud computing, big data, smart technology, and internet of things sectors. MainTrend Capitalwas founded in 2016 and is based in China.

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Investment focus

  • Industry: Internet, Training, Education
  • Stage:Series A, Seed, Series B
  • Geography: China

Investor stats

  • Total investments: 16
  • Round size: Seed $425k–$1.4M; Series A $7.1M–$14M; Series B $14M–$28M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Ginfon — Ginfon is a high-end intelligent logistics equipment manufacturer.
  • Anban Tech — Anban Technology provides negative testing products and solutions for the entire software process. The current product line mainly includes two categories: fuzz testing and software supply chain security.
  • BetterYeah — Bar-headed Goose is an artificial intelligence application developer that specializes in offering AI application development platforms and collaborative development platforms for businesses.
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Tunlan Investment
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Hospitality startups

Tunlan Captial is a professional venture capital management company based in Hangzhou,China.Its management team contains successful entrepreneurs,former senior managers from Alibaba and other Fortune 500 companies.Tunlan is committed to provide capital and professional management experience helping start-up companies to achieve sustainablegrowth and gain competitive advantages with its governmental,capital,technological and other resources internationally.Tunlan has about 20 billion RMB of assets under management since establishment. It has invested in over 60 companies and established multiple funds including "FengyunZheshang"VC funds,regional funds,PE M&A funds,and oversea M&A funds.Through portfolio diversification and professional investment methods,Tunlan has invested in a series of high-potential start-ups including Canaan,Sun Harmonics,Xinfeng,Asunistar,Baizijian,and Tecenet. In the future,Tunlan will persist in the philosophy of using capital to promote technological innovation and becoming a professional and innovative international investment management corporation.

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Investment focus

  • Industry: E-Commerce, Health Care, SaaS
  • Stage:Series A, Angel, Series B
  • Geography: China

Investor stats

  • Total investments: 32
  • Round size: Angel $425k–$3M; Series A $1.4M–$14M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $1.6B in 2018

Portfolio highlights

  • Asunistar — Wi-Fi and bluetooth chip maker based in China.
  • Yishi Online Bidding — Yishi Online Bidding offers online art auction services, famous tea, antiques, historical jade carvings, Western cutlery, paintings, calligraphy, correspondence, and other items are all covered, other services including transaction guarantee.
  • Xie Teng Medical Technology — Xie Teng Medical Technology focuses on providing hospitals with services related to treating and preventing thrombosis.
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Loyal Valley Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Hospitality startups

Loyal Valley Capital is a thematic, research-driven private equity firm.

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Series C, Series A, Series B
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 98
  • Round size: Series A $2.7M–$170M; Series B $25M–$145M; Series C $29M–$300M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: May invest from a new fund soon — raised $465M in 2019

Portfolio highlights

  • PulseCare — PulseCare is a medtech company that specializes in innovative medical devices and solutions for cardiac and pan-vascular treatment.
  • SeeYA Technology — SeeYA Technology is a high-tech company specializing in R&D, design, production and sales of new-generation semiconductor OLEDoS display, and providing customers with micro-display components, modules and related solutions. There is a comprehensive product line to full fill different demands from AR/VR, drones, thermal devices, nightvision equipment etc.
  • Core Medical Technology — Core Medical Technology is a technology enterprise mainly engaged in the research, production, development, and sales of implantable left ventricular assist devices, extracorporeal ventricular assist devices, percutaneous interventional ventricular assist devices, and equipment. The company was founded in 2016 and is based in Shenzhen, China.
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Yongsheng Capital
VC Fund · 1 investments in China Hospitality startups

Yongsheng Capital is an investment firm.

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Investment focus

  • Industry: Sales, Manufacturing, Advanced Materials
  • Stage:Seed, Series B
  • Geography: China

Investor stats

  • Total investments: 3
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Aojiang — Aojiang is a company that develops and sells liquid cooling technology and applications. Aojiang developed immersed phase change liquid cooling technology on its own, which is extensively used in computing centers, new energy, and communication operator computer rooms for energy conservation, emission reduction, and heat dissipation.
  • Shangjing Runmei — Shangjing Runmei is a smart homestay brand offering comprehensive services, including room selection, cost negotiation, design, construction, supply chain support, rental and sales release, and daily cleaning.
  • Zhonghao Xinying — Zhonghao Xinying is an AI chip developer, mainly engaged in the research and development, design and sales of artificial intelligence core chips used in various cloud servers.
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Fosun International
VC Fund · Shanghai, Shanghai, China · 1 investments in China Hospitality startups

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

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Investment focus

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

Investor stats

  • Total investments: 120
  • Round size: Series A $1.4M–$16M; Series B $4M–$35M; Series C $4.3M–$99M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Tong Tong Pay — Tong Tong Pay has a financial payment system and has developed payment products such as fast payment, online banking payment, account payment, certified payment, and prepaid card payment. It is a financial payment service provider. For inquiries, email, telephone numbers, and physical addresses are available on their website.
  • Maifu Precision — Maifu Precision is a company focusing on providing high-end automation solutions for the plastics industry, covering injection molding and assembly processes.
  • Digital Asset Clearing Center — DACC's technology links blockchain networks with conventional payment infrastructure, such as China's Cross-Border Interbank Payment System (CIPS), to offer clearing and settlement services for tokenized assets.
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Matrix Partners China
VC Fund · Beijing, Beijing, China · 1 investments in China Hospitality startups

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

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Investment focus

  • Industry: Health Care, Biotechnology, Software
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 432
  • Round size: Series A $2.8M–$60M; Series B $9.5M–$113M; Series C $14M–$200M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Lexin — LexinFintech Holdings is an online consumer finance platform for educated young adults in China. As one of China's leading financial technology companies, Lexin integrates its e-commerce-driven installment finance platform, Fenqile, with advanced risk management technologies, the Company's Dingsheng online investment platform, and theCompany's Juzi Licai online investment platform for individual investors, to create a comprehensive consumer finance ecosystem. The Company utilizes technologies including big data, cloud computing and artificial intelligence to enable the near-instantaneous matching of user funding requests with offers from the Company's more than 30 funding partners, which include commercial banks, consumer finance companies, and other licensed financial institutions. By serving the credit needs of China's educated young adults, Lexin helps its more than 20 million registered users to enjoy a better quality of life through the use of better credit.
  • Ouli Biomedical — Ouli Biomedical is a pharmaceutical company. They offer nucleic acid drug discovery, laboratory research and development, process and analysis development, CMC services, API production, and drug registration.
  • Ucello Therapeutics — Ucello Therapeutics is engaged in development of allogeneic cell therapies using its proprietary CAR-T cell technology platform CBT-X20.
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Huazhu Hotels Group
VC Fund · Shanghai, Shanghai, China · 1 investments in China Hospitality startups

China Lodging Group is a leading and fast-growing multi-brand hotel group in China with leased, manachised and franchised models. Under the lease model, we directly operate hotels typically located on leased properties. Under the manachise model, we manage manachised hotels through the on-site hotel managers we appoint and collect fees fromfranchisees.

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Investment focus

  • Industry: Rental, Coworking, Hospitality
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 3
  • Round size: Series A $28M–$300M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Fountown — Fountown is a community-based co-working space, aiming at providing online and offline shared office services, hotdesks, open offices and pods.
  • Tsing Pu — Tsing Pu is a humanistic holiday product and services operator.
  • Chengjia Apartment — Chengjia Apartment is a rental start-up that provides different product choices for apartments, hotels, and homestays. Chengjia Apartment extends the business scope to weekly rent, monthly rent, and long-term rent. The company creates a high-quality living environment with ingenuity, take care of every guest with hotel-style service, and creates awarm, comfortable, and temperature-friendly home.Chengjia Apartment is jointly established by China Living Hotel Group and IDG Capital. It has laid out nearly 100 properties in first-tier cities nationwide, with more than 10,000 houses and services.It was founded on 2015 and is headquartered in Shanghai, China.
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JC Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Hospitality startups

JC Capital is a private equity fund management firm that focuses on equity investment.

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Investment focus

  • Industry: TV Production, Media and Entertainment, B2C
  • Stage:Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 9
  • Round size: Series B $2.8M–$96M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • tidebuy — tidebuy is a fashion integrated cross-border e-commerce exporter company.
  • WingTMG — WingTMG provides entertainment offerings and financial brand contents.
  • Wenge Group — Zhongke Wenge is positioned in the wisdom media big data application, aiming to provide technology engine for China's media transformation and upgrading, and to serve media communication capacity building. The company is facing the influence of China's media, government and enterprises, and is committed to the research and development ofnew media big data technology and systems. It has formed the "Wenhai" new media big data platform, "Wen Ge" central kitchen, "Wen Si" decision-making service. The platform's three major product systems, as well as the “Wenhai” new media data service platform, the “cloud trace” communication monitoring and evaluation system, the “Yunyong” media visualization analysis system, the “Yayi” text semantic analysis component, and the four flagship products.
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Gaw Capital Partners
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in China Hospitality startups

Gaw Capital Partners is a positioned private equity fund management company that focuses in real estate markets in greater China and other high barrier-to-entry markets globally. Their services includes gateway real estate funds, separate account investments, venture capital, private equity investment and credit investments.

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Investment focus

  • Industry: Real Estate, Hotel, Internet
  • Stage:Series A, Seed, Series C
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 22
  • Round size: Seed $3M–$11M; Series A $4.8M–$25M; Series C $11M–$250M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — raised $430M in 2021

Portfolio highlights

  • Blackpanda — Asia's premier digital forensics and cyber incident response firm.
  • SARELLY SARELLY — SARELLY SARELLY is a gender-neutral and transparent fashion brand, offering affordable luxury to the Hispanic Gen Z community.
  • NPX Point Avenue — NPX Point Avenue is an education technology company focused on the fast-growing K-12 private international school market and K-12 after-school training market.
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Beyond Ventures
VC Fund · Los Angeles, California, United States · 1 investments in China Hospitality startups

Institutional investment and philanthropy advisory for family offices, endowments, and foundations.

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Investment focus

  • Industry: SaaS, Hotel, Retail
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Candao — Founded in 2014, the restaurant is a registered brand of Guangzhou Restaurant Information Technology Co., Ltd., headquartered in Guangzhou, with branches in Beijing, Shanghai, Hong Kong and other places. The brand service covers the omni-channel management SaaS platform + data operation in the middle platform. It mainly provides O2O solutions fordomestic catering and retail enterprises, such as take-out management system, distribution system, data center station, BI data analysis and system hosting. Serving more than 200 domestic and foreign chain brands, including services for many well-known chain catering groups such as McDonald's, Haagen-Dazs, Burger King, John John, Yoshinoya, Xibei, Laoxiang Chicken, Zhou Hei, a little bit, and real Kung Fu. The largest B-side food and beverage takeaway management Saas platform in China.
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Boyu Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Hospitality startups, 6 in the past 12 months

Boyu Capital Consultancy Co. Ltd is a private equity firm specializing in investments in China. Boyu Capital Consultancy Co. Ltd was founded on September 28, 2010 and is based in Hong Kong with an additional office in Beijing, China.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series C, Series D
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 80
  • Round size: Series A $43M–$500M; Series C $14M–$1B; Series D $43M–$700M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $3.6B in 2021

Portfolio highlights

  • XTEINK — XTEINK is an e-ink screen that magnetically attaches to the back of your phone.
  • Futuring Robot — Futuring Robot is a developer of dual-arm home service robots focusing on C-end home scenarios.
  • LTZ Therapeutics — LTZ develops novel immunotherapies to treat patients that suffer from cancer and other diseases with an unmet clinical need.
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ClearVue Partners
VC Fund · Shanghai, Shanghai, China · 1 investments in China Hospitality startups

ClearVue Partners is a private equity firm that provides growth capital, typically in the range of $5 to $30 Million, to expansion-stage companies in the fast-growing consumer sector in Greater China, with an emphasis on the food & beverage, consumer lifestyle, and internet/mobile sub-sectors. It targets growth-stage investments infast-growing and promising local companies, enables market entry for leading international consumer brands into China, and develops top-tier brands and businesses.The ClearVue investment team has over 60 years of combined experience directly in the consumer industry, across Asia and the US.

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Investment focus

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

Investor stats

  • Total investments: 39
  • Round size: Series A $3M–$102M; Series B $10M–$37M; Series C $10M–$267M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • BUD — BUD is a 3D Internet content social UGC platform. Headquartered in Shenzhen, China.
  • Point One — Building the next-gen consumer products!
  • XTEINK — XTEINK is an e-ink screen that magnetically attaches to the back of your phone.
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Zhongjing Investment
VC Fund · Haikou, Hainan, China · 1 investments in China Hospitality startups

Zhongjing Investment Holdings is an investment firm.

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Investment focus

  • Industry: Hospitality, Manufacturing, Sustainability
  • Stage:Seed, Angel
  • Geography: China

Investor stats

  • Total investments: 3
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Wuhan Chide — Wuhan Chide develops, manufactures, sells, and operates EV charging products and solutions.
  • YanTu Marine — YanTu Marine is a technology service provider specializing in shipbuilding and marine engineering, offering comprehensive solutions that integrate design, digitalization, and intelligent manufacturing.
  • Yanguilin Business — Yanguilin Commercial is a service provider specializing in the operation of smart homestays, distinguished by its pioneering C2B2C smart homestay operation model. This model integrates the entire homestay value chain by offering one-stop hosting services to property owners,
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Gobi Partners
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in China Hospitality 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, Internet
  • Stage:Series A, Seed, Series B
  • Geography: China, Malaysia, Singapore

Investor stats

  • Total investments: 205
  • Round size: Seed $800k–$7M; Series A $1.5M–$20M; Series B $5.5M–$37M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $1.3B in 2023

Portfolio highlights

  • Fastwork — Founded in 2015 by a group of engineers and entrepreneurs from Silicon Valley and New York, Fastwork is one of the largest professional freelancing platforms in Southeast Asia by number of users and projects completed.Fastwork started with a mission to improve the business and employment economies in Southeast Asia, by making it simple, quick,and cost-effective for all types of businesses to find and hire freelancers to accelerate their growth.More than 300,000 businesses across Southeast Asia use Fastwork for its 22,000 services ranging from graphic design, online & influencer marketing, data entry, to web & app development.Fastwork also helps freelancers collect payments, promote their services, manage their orders, exchange files and communicate with their clients anywhere, anytime.
  • viAct — viAct optimises construction safety, productivity and environmental compliance. Ensuring higher ESG preposition with AI. Offering services for construction industry of Asia & Europe & operational in China, Singapore, Japan, Australia, Vietnam, Indonesia and Hong Kong.
  • KICKS CREW — KicksCrew provides everyone globally with a trusted source and the widest selection of sneakers and streetwear needs. From Newest Drops, Classics, Rare collectibles to Sports Needs.
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YF Capital
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in China Hospitality startups

Yunfeng Capital was established in January 2010. It is the only private equity firm in China set up by successful entrepreneurs, pioneers and industry leaders. Its goal is not merely to be a financial investor, but also to share the entrepreneurial experience with companies, helping them refine their development, organizational management and brandbuilding strategies.Yunfeng Capital places a special emphasis on young entrepreneurs, grooming future leaders to lead world-class enterprises. Yunfeng is the result of combining the Chinese first names of Mr. Jack MA (Yun), Chairman of Alibaba, and Mr. David YU (Feng), Founder of Target Media.In addition, there are more than 10 other co-founders, including Mr. Yu Zhu SHI, Chairman of Giant interactive group, Mr. Yong Hao LIU, Chairman of New Hope Group, Mr. Guo Jun SHEN, Chairman of Intime Investment, Mr. Yu Suo WANG, Chairman of ENN Group, Mr. Jason JIANG, Chairman of Focusmedia, Mr. Hang XU, Chairman of Shenzhen Mindray Medical, Mr. Yi Hong CHEN, Chairman of China Dongxiang(Group), Mr. Xin ZHOU, Chairman of E-House (China), Mr. Jian Guo WANG, Founder of Fivestar, Mr. Shao Xiong ZHOU, Chairman of Septwolves, Mr. Xu Ning WANG, Chairman of Joyong Holdings, Mr. You Cai ZHANG, President of Unifront Holdings.Yunfeng Capital is headquartered in Shanghai. Branch offices are located in Hong Kong, Beijing, Hangzhou, and other mainland cities.

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Investment focus

  • Industry: Biotechnology, Health Care, Internet
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Indonesia

Investor stats

  • Total investments: 134
  • Round size: Series A $1.4M–$500M; Series B $17M–$260M; Series C $30M–$600M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • VIPKID — VIPKid is a global education technology company that connects children with the world’s best teachers for real-time online English immersion learning.VIPKid’s mission is to inspire and empower every child for the future. VIPKid envisions a global classroom that empowers students and teachers through personalized learning, connection of culturesacross the world and the passion for lifelong learning. It believes that education is not one-size-fits-all, rather, all students are unique and the world is within their reach when connected with great teachers capable of personalizing learning and sparking curiosity.Founded in 2013 and formally launched in 2014, VIPKid has become China’s market-leading online education startup, attracting investment from Tencent, Coatue Management, Sequoia Capital, Sinovation Ventures, Yunfeng Capital, Matrix Partners, Learn Capital, Northern Light VC and Bryant Stibel, among others. The VIPKid platform currently connects over 500,000 paying students with over 60,000 teachers in the US and Canada.
  • Duobaoyu Insurance — Duobaoyu Insurance provides an online insurance service platform. It began operation in 2017, with its headquarters in Hangzhou in China.
  • LaNova Medicines — LaNova Medicines is a clinical-stage innovative drug research and development company. The company focuses on the unmet therapeutic needs in the field of tumor immunity and tumor microenvironment and focuses on the research and development of "world's first" and "best-in-class" potential bio-innovative drugs.
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High Star Holding Group
VC Fund · 1 investments in China Hospitality startups

High Star Holding Group

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Investment focus

  • Industry: Hotel, Hospitality
  • Stage:Seed, Debt Financing
  • Geography: China

Investor stats

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

Portfolio highlights

  • Kamil — Kamil operates as a hotel group that offers an immersive aestethic experience.
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The Ascott China
VC Fund · Shanghai, Shanghai, China · 1 investments in China Hospitality startups

The Ascott Limited, CapitaLand’s serviced residence business arm, is the world's largest international serviced residence owner-operator with more than 41,000 serviced residence units in over 200 properties located in key cities of the Americas, Asia Pacific, Europe and the Gulf region.

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Investment focus

  • Industry: Customer Service, Apps, Rental
  • Stage:Series A, Series D
  • Geography: China

Investor stats

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

Portfolio highlights

  • Tujia — Tujia, officially launched on December 1, 2011, is a global lodging-service sharing and booking platform.As a world's leading homestay booking platform in China, Tujia has been devoted to offering guests diversified, superior and distinctive lodging service and also bringing high profits to house owners with their rights and interestsguaranteed.Currently Tujia has expanded its lodging-service network to 345 domestic and 1037 overseas destinations with over1,000,000 online residential houses, including apartments, homestays, villas as well as its derivative traveling services that can cater to various accommodation demands ranging from family tour, business travel, vacation, team building to even short-term transitional renting. Guests can book whatever lodging services they want through PC, smartphone, WeChat or 7x24 service line so that they can experience the local people’s lifestyle and enjoy the convenience and comfort that comes with it. All the residential houses will be carefully and locally examined by Tujia. Besides that, Tujia even invests RMB 10 million to create the Advance Compensation System as the insurance fund to guarantee a carefree lodging experience for every stay. Tujia welcomes all the homeowners to list their idle houses on this platform, explore the new housing-sharing mode and enjoy the pleasure in the social activity. By virtue of the four major short-term renting service websites including Tujia.com, mayi.com, Ctrip Homestay, and bnbqunar.com, numerous travelers will have access to the houses listed on Tujia platform. Through highly efficient operation, considerate service and user-caring guidance, homeowners can post their renting information for free and earn profits in an easier way. In addition, the owners can also make friends and communicate with different people worldwide. Boasting comprehensive rights protection plan and the operation guidance for house owners, Tujia makes the home sharing a worry-free way to earn money. In 2017, Tujia launched RBA services in order to help the homeowners add value to their idle houses. RBA services provide the homeowners a "one key escrow, easy to earn" excellent steward services.
  • Chengjia Apartment — Chengjia Apartment is a rental start-up that provides different product choices for apartments, hotels, and homestays. Chengjia Apartment extends the business scope to weekly rent, monthly rent, and long-term rent. The company creates a high-quality living environment with ingenuity, take care of every guest with hotel-style service, and creates awarm, comfortable, and temperature-friendly home.Chengjia Apartment is jointly established by China Living Hotel Group and IDG Capital. It has laid out nearly 100 properties in first-tier cities nationwide, with more than 10,000 houses and services.It was founded on 2015 and is headquartered in Shanghai, China.
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Xinjiang Kangpu Jianshe Touzi
VC Fund · Xinjiang, Shanxi, China · 1 investments in China Hospitality startups

Xinjiang Kangpu Jianshe Touzi is an investment firm that provides asset management and investment management services.

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Investment focus

  • Industry: Retail, Catering, Recruiting
  • Stage:Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Zouchu Qu — Zouchu Qu offers global HR solutions for healthcare, hospitality, construction, catering, retail, civil and mechanical engineering sectors.
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Magic Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Hospitality startups

Magic Capital is an investment firm focused on supporting Chinese Internet companies. The company's founders are working cross a broad range of sectors, from education to media to healthcare to SaaS to AI to e-commerce to game to social networking service.

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Investment focus

  • Industry: Education, Internet, Artificial Intelligence
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 46
  • Round size: Seed $142k–$3M; Angel $242k–$8.3M; Series A $200k–$14M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: May invest from a new fund soon — raised $13M in 2009

Portfolio highlights

  • Flexiv — Flexiv is a deep-tech company that is committed to developing and manufacturing general-purpose adaptive robots that redefine intelligent automation. Combining advanced robotics and artificial intelligence with human-centered design, Flexiv's robots empower businesses to flexibly automate complex tasks with intuitive and easy-to-use interfaces.
  • Noematrix — Noematrix is an embodied intelligence company that specializes in innovative general robotic intelligence solutions and services.
  • Weiming Smart — Weiming Smart is a technology company focused on machining intelligent manufacturing.The company is deeply involved in the precision processing industry, creatively integrating production management software and Internet platform technology into production management, building a comprehensive data information system on the production sitethrough equipment networking and data collection, and combining sensors, edge computing, cloud computing, and other technologies.
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Cathay Capital
VC Fund · Paris, Ile-de-France, France · 1 investments in China Hospitality startups

Cathay Capital is a global private equity and venture capital investment firm supporting companies at every stage of their lifecycle.

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Investment focus

  • Industry: Manufacturing, Health Care, Biotechnology
  • Stage:Series B, Series A
  • Geography: China, France, United States

Investor stats

  • Total investments: 131
  • Round size: Series A $14M–$65M; Series B $14M–$125M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — raised $558M in 2022

Portfolio highlights

  • Mogic AI — Mogic AI is an advertising technology platform that provides tools to create and launch campaigns by pulling product images into ads using AI.
  • DeepWisdom — DeepWisdom is focused on basic intelligent agent technology, with the goal of enabling AI systems to truly accomplish complex software development tasks through autonomous reasoning, planning, and execution.
  • Xingmai Innovation — Xingmai Innovation creates, develops, and sells intelligent swimming pool cleaning robots.
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Puhua Capital
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Hospitality startups

Puhua Capital is an equity investment firm that focuses on early and middle project. Puhua Capital provides the required resources and management experience for the invested enterprise, investing funds and more resources and wisdom. Puhua Capital has invested nearly 300 excellent start-ups.

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Investment focus

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

Investor stats

  • Total investments: 177
  • Round size: Seed $1.4M–$29M; Series A $1.4M–$112M; Series B $2.8M–$100M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Lc Space
  • TCab Tech — TCab Tech is building a air mobility ecosystem in order to provide the general public with zero-emission airborne ridesharing.
  • Interstellar Lightyear — Interstellar Lightyear Technology is a developer specializing in dexterous robotic hands, focusing on creating intelligent dexterous hands with advanced capabilities for precise manipulation.
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Shanda Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Hospitality startups

Shanda Capital is the private equity and venture capital arm of Shanda Interactive Entertainment Ltd. specializing in start ups, early and mid-stage investments. The firm does not invest in online game developers and operators. It seeks to invest in the mobile internet, TMT (technology, media, and telecommunication), and culture sector. and alsofocuses on new media as well as applications based on the Android operating system of Google Inc. Shanda Capital was founded on February 17, 2011 and is based in China

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Investment focus

  • Industry: Mobile, Software, Manufacturing
  • Stage:Angel, Series A
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 40
  • Round size: Angel $283k–$14M; Series A $1.4M–$14M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Eahison — Eahison antenna manufacturer supplies wifi antenna, small cell antenna and base station antenna, which with professional customized antenna solutions.
  • PaXini Tech — All Scenario Application—Haptic Digitization and Tactile Technology
  • Gosion Robot — Guoxun Robot is a developer of industrial safety inspection robots.
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Suzhou International Development Venture Capital
VC Fund · Suzhou, Jiangsu, China · 1 investments in China Hospitality startups

Suzhou International Development Venture Capital is a venture capital and private equity firm.

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Investment focus

  • Industry: Manufacturing, Semiconductor, Medical
  • Stage:Series A, Series B
  • Geography: China, United States

Investor stats

  • Total investments: 94
  • Round size: Series A $1.4M–$14M; Series B $2.8M–$110M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Sunwell New Energy — Taiyangjing is a manufacturer and seller of photovoltaic cell manufacturing equipment and components.
  • Shengrongyuan — Shengrongyuan is a provider and manufacturer of electronics that serve the electronics industry
  • Puyu Technology — Puyu Technology is committed to providing high-performance micro-nano manufacturing solutions.
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Cybernaut Venture Capital
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Hospitality startups

As one of pioneering investment fund in China, Cybernaut (China) Investmentfocus on the Service sectors that serves Chinese middle class’s fast growing demands.? Cybernaut invests in early to growth stage private companies in financial services, health care, education, and specialty retail.? Cybernaut was founded by Mr. Min Zhu, who has a strongreputation and is well-known in the Silicon Valley and China for his extensive experience and outstanding achievements. Mr. Min Zhu was the founder and President of WebEx, which is the most powerful supplier of internet interactive services and internet conferencing in the world. Cybernaut works closely with top tier investment firms, such as NEA(New Enterprise Associates) and NLVC(Northern Light Venture Capital). NEA is one of America’s biggest venture capital firms specializing in start-ups and NLVC is a China concept venture capital firm focused on early and growth stage opportunities in technology enabled businesses. By now, Cybernaut has made many successful investment, such as Redbaby,lianlian and Focused Photonics Inc.? Cybernaut not only provides capital, but also operational experience, professional advice to their innovative Chinese entrepreneurs. They strive to help Chinese best entrepreneurs with their best ideas.

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Investment focus

  • Industry: Information Technology, Software, Education
  • Stage:Series A, Angel, Series B
  • Geography: China, United States, United Kingdom

Investor stats

  • Total investments: 75
  • Round size: Angel $425k–$1.4M; Series A $1.4M–$4.3M; Series B $2.8M–$59M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Picocom — Picocom, the 5G Open RAN baseband semiconductor and software specialist, designs and markets Open RAN standard-compliant baseband SoCs and carrier-grade software products for 5G small cell infrastructure.
  • CiMicro.Ai — CiMicro.ai is an AI‑chip startup building compute‑in‑memory (CiM)‑based heterogeneous accelerators for high‑efficiency, low‑cost large‑language‑model inference.
  • Laser Link — Laser Link is a laser communication company that focuses on the development of precision optical-mechanical products for commercial aircraft.
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DT Capital Partners
VC Fund · Shanghai, Shanghai, China · 1 investments in China Hospitality startups

DT Capital Partners is a private equity investment firm that provides growth capital to early and expansion stage companies. They invest in dynamic businesses that have high growth potential, strong management teams, and demonstrated revenue models in both technology-based and traditional industries. DT Capital Partners currently manages overUSD$500 Million in capital across multiple US dollar and RMB funds, and also has a close affiliation with Madrone Capital in the US, the investment entity for members of the Walton family.In addition to funds, the invested company also benefits from their extensive experience in operating capital markets across the country, close relationships with local governments and companies, and synergies with other investment companies.DT Capital Partners was awarded the “Top 10 China's Best Return Venture Capital Institution” in 2016, and the founding partners of Detong Capital, Shao Jun and Tian Lixin. DT Capital Partner was founded in 2006 and is based in Shanghai, China.

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, South Korea

Investor stats

  • Total investments: 129
  • Round size: Series A $1.4M–$28M; Series B $2.8M–$90M; Series C $16M–$92M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $277M in 2019

Portfolio highlights

  • Aijie Boya — Aijie Boya is a medical instrument and magnetic solid-phase material company.
  • CiMicro.Ai — CiMicro.ai is an AI‑chip startup building compute‑in‑memory (CiM)‑based heterogeneous accelerators for high‑efficiency, low‑cost large‑language‑model inference.
  • Villanelle Life — Villanelle Life is a biotechnology company that specializes in creating AI drugs, early screening, and auxiliary diagnosis platforms to solve complex diseases.
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CCB International
VC Fund · Central, Hong Kong Island, Hong Kong · 1 investments in China Hospitality startups

CCB International (Holdings) Limited and its subsidiaries (CCB International) is an investment services flagship which is owned by China Construction Bank Corporation ("CCB"). Its core business is divided into three main areas, namely Pre-IPO, IPO and Post-IPO which in turn form a comprehensive investment services value chain that offersa full range of products, and services including sponsoring and underwriting, financial advisory, corporate mergers and acquisitions and restructuring, additional issuance and placement of shares and refinancing forlisted companies, direct investment, asset management, securities brokerage, market research, investment consultancy, etc.

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Investment focus

  • Industry: Health Care, Biotechnology, Manufacturing
  • Stage:Series A, Series C, Series B
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 71
  • Round size: Series A $1.5M–$300M; Series B $2.8M–$1.5B; Series C $70M–$150M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Astrall — Astrall is a robotics platform company founded by Odie, the former head of DJI’s core Inspire series, leveraging deep expertise in advanced drone systems and robotics engineering to build next-generation robotic platforms that push the boundaries of performance, reliability, and intelligent automation.
  • Galaxy Bot — Galaxy Bot is an innovative robotics company that provides intelligent universal service robotic products.
  • Xinqiang Technology — Xinqiang Technology is a digital full-stack solution provider specializing in integrated solutions that combine hardware, software, cloud services, and artificial intelligence (AI) tailored for traditional industries.
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QF Capital
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Hospitality startups

QF Capital is a fund management company that focuses on private equity investments.

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Investment focus

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

Investor stats

  • Total investments: 140
  • Round size: Seed $1.4M–$14M; Angel $425k–$2.1M; Series A $1.4M–$16M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Tianlin — Tianlin Holdings provides robotic intelligent construction services, with a focus on creating an ecosystem that includes intelligent construction robots, green building materials, and intelligent construction digital platforms.
  • Qifasuan — Qifasuan is a technology company specializing in AI-driven pet health solutions.
  • Puyu Technology — Puyu Technology is committed to providing high-performance micro-nano manufacturing solutions.
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Ding Xiang Capital
VC Fund · Chengdu, Sichuan, China · 1 investments in China Hospitality startups

Ding Xiang capital focused on financial development and investment services, aims to create a full-featured financial holding platform. Ding Xiang capital equity investment, asset management, mergers and acquisitions for the main business, with capital and investment philosophy, boost business development. Ding Xiang capital committed to promotingthe development of mobile Internet, health care, culture, tourism, intelligent hardware, consumer information and other industries, and actively participate in mixed ownership and the country's reconstruction in Sichuan. Ding Xiang capital will be through innovation and excellence, and strive to become an excellent platform for integrated investment holding.

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Investment focus

  • Industry: Manufacturing, Solar, Energy
  • Stage:Seed, Series A, Angel
  • Geography: China

Investor stats

  • Total investments: 6
  • Round size: Seed $2.9M–$2.9M; Series A $13M–$23M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Higretech — Haigruite is a research and development and manufacturer of composite current collector equipment.
  • Juventas — Juventas is a provider and developer of innovative immune cell therapeutic drugs. The company's first investigational new drug application for the cell therapeutic product CNCT19 has been officially accepted by the National Medical Products Administration. Comprehensive product pipelines will be developed and promoted constantly to provideeffective treatment for malignant hematological neoplasms such as leukemia and lymphoma.
  • Guangjing Energy — Guangjing Energy is a perovskite solar cell module developer, dedicated to the R&D of long-life large-area perovskite solar cell modules.
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Hospitality Investor funding in China at a glance

Stats across 63 deals from 101 investors.

101
investors
in China Hospitality startups
63
deals
in China Hospitality startups
$14M
median round
in China Hospitality startups
49%
lead investors
lead at least one round
21%
Series A
most common funding stage
99/1
VC / Angel
share of investor count

Access all 101 investors in China Hospitality startups.

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