# Blue Elephant Capital

> Blue Elephant Capital is a VC fund backing Education and E-Learning. See 21 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Beijing, China
- Total investments: 21
- Last investment: Jun 2023
- Lead investor: 19%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/ibecapital/
- Website: http://en.ibecapital.com/

Blue Elephant Capital is a VC fund in Beijing focused on Education and E-Learning. Blue Elephant Capital (BE Capital) is China’s first pure-play education and edtech investor. Founded in 2015, we have raised four funds from 50+ executive-level education industry LPs, and completed seed round and follow-on investment in 85 edtech companies. The total valuation of our portfolio companies is approximately $1.23 billion.

## Contacts

5 contacts available for Blue Elephant Capital. Shizune tracks 2 team members at Blue Elephant Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/be-capital?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Education | 12 | 57% |
| E-Learning | 8 | 38% |
| EdTech | 3 | 14% |
| Training | 2 | 10% |
| Language Learning | 2 | 10% |

29 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 7 | 33% |
| Angel | 6 | 29% |
| Series A | 5 | 24% |
| Series B | 1 | 5% |
| Funding Round | 1 | 5% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 17 | 81% |
| Germany | 1 | 5% |
| Singapore | 1 | 5% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Boyu Ning | Founding Partner | 0 | https://shizune.co/investors/profile/boyu-ning |
| Veronica Zhou | Partner | 0 | https://shizune.co/investors/profile/veronica-zhou |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| 1Komma5° | 1KOMMA5° is a global decarbonisation energy company focusing on intelligent energy solutions and promoting a CO2-neutral lifestyle. They are a ClimateTech startup focused on CO2-neutral energy, heating, and mobility. The company functions at approximately 80 sites across 7 global markets, providing a comprehensive range of smart, integrated energysolutions including photovoltaics, energy storage, heat pumps, and electric vehicle charging stations. | $272.9M | Series B | Jun 23, 2023 |  |
| 1Komma5° | 1KOMMA5° is a global decarbonisation energy company focusing on intelligent energy solutions and promoting a CO2-neutral lifestyle. They are a ClimateTech startup focused on CO2-neutral energy, heating, and mobility. The company functions at approximately 80 sites across 7 global markets, providing a comprehensive range of smart, integrated energysolutions including photovoltaics, energy storage, heat pumps, and electric vehicle charging stations. | $219.4M |  | Apr 11, 2022 |  |
| 1Komma5° | 1KOMMA5° is a global decarbonisation energy company focusing on intelligent energy solutions and promoting a CO2-neutral lifestyle. They are a ClimateTech startup focused on CO2-neutral energy, heating, and mobility. The company functions at approximately 80 sites across 7 global markets, providing a comprehensive range of smart, integrated energysolutions including photovoltaics, energy storage, heat pumps, and electric vehicle charging stations. | $217.5M | Series A | Apr 11, 2022 |  |
| T-Lab | T-Lab is an AI-driven international Chinese language learning platform. It offers a live course is a comprehensive study program that covers the four key teaching areas of Phonetics, Word Recognition, Contextual Understanding, and Humanities. | $1.6M | Seed | Sep 23, 2021 |  |
| Beijing HexFuture Technology | An Education Platform based in Beijing,China. | $4.2M | Series A | Apr 27, 2020 |  |
| Weikele | Weikele is a B2B robot educational robotics company. |  | Corporate Round | Oct 14, 2019 |  |
| Dr.S | Shanghai based Education company. |  | Angel | May 21, 2018 |  |
| Zhihui Liu | Zhihui Liu is a mobile-based English learning platform. | $1.4M | Series A | Apr 26, 2017 |  |
| Akadm | Akadm provides online and offline integrated teaching software in primary and secondary schools. | $1.4M | Series A | Apr 11, 2017 |  |
| Fanzhuan Yingyu | Fanzhuan Yingyu is an online English learning platform. | $1.4M | Series A | Jan 24, 2017 |  |

10 of 21 investments shown.

## Co-investors
- [Eurazeo](https://shizune.co/investors/profile/eurazeo-com) — VC Fund, 3 deals together
- [Porsche Ventures](https://shizune.co/investors/profile/porsche-ventures) — VC Fund, 3 deals together
- [b2venture](https://shizune.co/investors/profile/btovpartners) — VC Fund, 2 deals together
- [eCAPITAL ENTREPRENEURIAL PARTNERS](https://shizune.co/investors/profile/ecapital-entrepreneurial-partners-ag) — VC Fund, 2 deals together
- [eCapital](https://shizune.co/investors/profile/ecapital-llc) — VC Fund, 2 deals together
- [Haniel](https://shizune.co/investors/profile/haniel) — VC Fund, 2 deals together

## Similar investors

### Similar industry
- [Reach Capital](https://shizune.co/investors/profile/reach-capital) — VC Fund
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [GSV Ventures](https://shizune.co/investors/profile/gsv-acceleration) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar country
- [IDG Capital](https://shizune.co/investors/profile/idg-capital-partners) — VC Fund
- [Qiming Venture Partners](https://shizune.co/investors/profile/qiming-venture-partners) — VC Fund
- [HSG](https://shizune.co/investors/profile/sequoia-capital-china) — VC Fund

## Featured in investor lists
- [EdTech Investors](https://shizune.co/investors/edtech-investors)
- [EdTech VC Funds](https://shizune.co/investors/edtech-vc-funds)
- [Education VC Funds in Asia](https://shizune.co/investors/education-vc-funds-asia)
- [Education VC Funds in China](https://shizune.co/investors/education-vc-funds-china)
- [Art Investors in China](https://shizune.co/investors/art-investors-china)
- [Recruiting VC Funds in China](https://shizune.co/investors/recruiting-vc-funds-china)

## FAQ

### What does Blue Elephant Capital invest in?

Blue Elephant Capital invests primarily in Education, E-Learning and EdTech startups, most often at Seed and Angel stage. Most of the 21 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Blue Elephant Capital?

Public channels for Blue Elephant Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Blue Elephant Capital?

The team at Blue Elephant Capital includes Boyu Ning (Founding Partner) and Veronica Zhou (Partner). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co