# Top 45 Hospitality Startup Investors in China in June 2026

## Frees Fund
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 2
- Stages: Series A, Seed, Angel
- Focus: Artificial Intelligence, Health Care, Biotechnology

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.

## Eastern Bell Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 2
- Stages: Series A, Series B, Series C
- Focus: E-Commerce, Manufacturing, Logistics

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.

## Legend Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 2
- Stages: Series B, Series A, Series C
- Focus: Health Care, Medical, Biotechnology

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.

## Maintrend Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: Internet, Training, Education

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.

## High Star Holding Group
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Debt Financing
- Focus: Hotel, Hospitality

High Star Holding Group

## The Ascott China
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series A, Series D
- Focus: Customer Service, Apps, Rental

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.

## Xinjiang Kangpu Jianshe Touzi
- Type: VC Fund
- Location: Xinjiang, Shanxi, China
- Relevant deals: 1
- Stages: Series A
- Focus: Retail, Catering, Recruiting

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

## Jihu Jijin
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A
- Focus: Retail, Catering, Recruiting

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

## Yisan Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Food and Beverage, Manufacturing, Food Processing

Yisan Capital

## Jayo Media
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A
- Focus: Hotel, Hospitality

Jayo Media is a media company.

## Fenghe Capital
- Type: VC Fund
- Location: Hainan, Hainan, China
- Relevant deals: 1
- Stages: Seed, Series A, Series C
- Focus: Battery, Manufacturing, Energy

Fenghe Capital specializes on energy storage investments.

## Medtronic
- Type: VC Fund
- Location: Minneapolis, Minnesota, United States
- Relevant deals: 1
- Stages: Series C, Series B
- Focus: Health Care, Medical Device, Medical

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.

## Anova Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Education, Rental, Travel

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

## StarVC
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B, Angel
- Focus: Software, Information Technology, Artificial Intelligence

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

## Buhuo Ventures
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Angel, Seed
- Focus: Food and Beverage, E-Commerce, B2B

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

## Kinzon Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: Robotics, Artificial Intelligence, Information Technology

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.

## Shunxi Fund
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Biotechnology, Manufacturing, Medical

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

## Innovation and Technology Venture Fund
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Information Technology, Software, Artificial Intelligence

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

## Zero2IPO Ventures
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B, Angel
- Focus: E-Commerce, Internet, Education

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.

## Tunlan Investment
- Type: VC Fund
- Location: Hangzhou, Zhejiang, China
- Relevant deals: 1
- Stages: Series A, Angel, Series B
- Focus: E-Commerce, Health Care, SaaS

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.

## Loyal Valley Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series C, Series A, Series B
- Focus: Biotechnology, Health Care, Pharmaceutical

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

## Yongsheng Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series B
- Focus: Sales, Manufacturing, Advanced Materials

Yongsheng Capital is an investment firm.

## Cathay Innovation
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Software, Artificial Intelligence, FinTech

A Global Venture Capital Platform Connecting Innovators Everywhere

## Fosun International
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Health Care, Manufacturing, Information Technology

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.

## Matrix Partners China
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Health Care, Biotechnology, Software

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.

## Huazhu Hotels Group
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series A
- Focus: Rental, Coworking, Hospitality

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.

## JC Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: TV Production, Media and Entertainment, B2C

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

## Gaw Capital Partners
- Type: VC Fund
- Location: Hong Kong, Hong Kong Island, Hong Kong
- Relevant deals: 1
- Stages: Series A, Seed, Series C
- Focus: Real Estate, Hotel, Internet

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.

## Beyond Ventures
- Type: VC Fund
- Location: Los Angeles, California, United States
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: SaaS, Hotel, Retail

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

## Boyu Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 1
- Stages: Series A, Series C, Series D
- Focus: Biotechnology, Health Care, Medical

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.

## ClearVue Partners
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: E-Commerce, Food and Beverage, Mobile

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.

## Zhongjing Investment
- Type: VC Fund
- Location: Haikou, Hainan, China
- Relevant deals: 1
- Stages: Seed, Angel, Series A
- Focus: Manufacturing, Tea, Energy

Zhongjing Investment Holdings is an investment firm.

## Gobi Partners
- Type: VC Fund
- Location: Kuala Lumpur, Kuala Lumpur, Malaysia
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Financial Services, Internet

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.

## YF Capital
- Type: VC Fund
- Location: Hong Kong, Hong Kong Island, Hong Kong
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Biotechnology, Health Care, Internet

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.

## Magic Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series A, Seed, Angel
- Focus: Education, Internet, Artificial Intelligence

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.

## Cathay Capital
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: Manufacturing, Health Care, Biotechnology

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

## Puhua Capital
- Type: VC Fund
- Location: Hangzhou, Zhejiang, China
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: Health Care, Medical, Manufacturing

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.

## Shanda Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series A, Angel
- Focus: Mobile, Manufacturing, Software

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

## Suzhou International Development Venture Capital
- Type: VC Fund
- Location: Suzhou, Jiangsu, China
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Manufacturing, Semiconductor, Medical

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

## Ocean Link
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series C, Series D, Series A
- Focus: E-Commerce, Coworking, Apps

Ocean Link is a private equity firm with a focus on China’s travel and leisure sectors. Ocean Link currently manages a USD fund and an RMB Fund. With teams in Shanghai, Beijing and Hong Kong, Ocean Link invests across the value chain and sub-verticals of the travel and leisure sectors, including online & offline travel services, hotels andresorts, destination services and entertainment, sector-related technology and business solutions providers.Ocean Link’s strategic partners and shareholders include Ctrip - the largest online travel agency in China, and General Atlantic - a leading global growth equity firm. The funds’ LPs include Chinese and global corporates, financial institutions, and sovereign wealth funds.

## Cybernaut Venture Capital
- Type: VC Fund
- Location: Hangzhou, Zhejiang, China
- Relevant deals: 1
- Stages: Series A, Angel, Series B
- Focus: Information Technology, Software, Education

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.

## DT Capital Partners
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Health Care, Medical, Biotechnology

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.

## QF Capital
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 1
- Stages: Series A, Angel, Seed
- Focus: Artificial Intelligence, E-Commerce, Software

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

## BioVenture
- Type: VC Fund
- Location: Suzhou, Jiangsu, China
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: Health Care, Medical, Biotechnology

Suzhou Industrial Park Bioventure Investment Management Limited (Bioventure) was established in September 2013. Bioventure its first element of the new bio-industry funds 540 million yuan fund size. Bioventure specialize in the field of life sciences in the early stages of the venture capital investments as having high strength and growth, greaterdevelopment space, excellent management team, biotechnology, drug discovery, medical devices and healthcare services companies, and provide capital, management , operation and other aspects of post-investment support and services.Bioventure brought together senior investment professionals team with bio-pharmaceutical industry investment experience, strong fund management, entrepreneurship and venture capital and operating experience in business, have a deep understanding of the domestic and foreign markets, capable of its forward-looking international perspective and extensive The industry has the potential resources to help innovative companies grow rapidly and gain greater success, while giving fund investors bring considerable returns.Suzhou Industrial Park, the core investor BioBay has the country's best medical and pharmaceutical incubator function, use the platform, the project team has great resources and industrial service advantages, Yuan-sheng venture has successfully invested in 20 projects have been cast projects in their own development and follow-up financing, has made outstanding achievements in the industry for all to see, and won the Venture's trust and praise.By focusing and extensive industry resources, Bioventure determined to become one of China's most successful medical and pharmaceutical venture fund. Bioventure expectations and in the medical and pharmaceutical industry where there joint venture development cooperation.

## Mitsui Global Investment
- Type: VC Fund
- Location: Menlo Park, California, United States
- Relevant deals: 1
- Stages: Series C, Series B, Series A
- Focus: Biotechnology, Health Care, Software

Guiding entrepreneurs onto the global stage.

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