# Black Ant Group

> Black Ant Group is a VC fund in Jingan backing Retail and Food and Beverage. See 7 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Jingan, China
- Total investments: 7
- Last investment: Aug 2023
- Lead investor: 43%
- Last updated: Aug 2026
- Website: http://www.heiyi.com.hk/

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

## Contacts

5 contacts available for Black Ant Group. Shizune tracks 3 team members at Black Ant Group. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/black-ant-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $15M–$65M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Retail | 3 | 43% |
| Food and Beverage | 3 | 43% |
| Robotics | 2 | 29% |
| Tea | 1 | 14% |
| Coffee | 1 | 14% |

15 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 3 | 43% |
| Series B | 2 | 29% |
| Angel | 1 | 14% |
| Series D | 1 | 14% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 6 | 86% |
| Hong Kong | 1 | 14% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Michael Zhang | Managing Director | 0 | https://shizune.co/investors/profile/michael-zhang-5 |
| Allen Chen | Managing Director | 0 | https://shizune.co/investors/profile/allen-chen-1cf0 |
| David He | Managing Director | 0 | https://shizune.co/investors/profile/david-he-0ee5 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Oladance | Oladance is a business that is at the forefront of creating top-notch audio goods to meet the demands of music enthusiasts. |  | Angel | Aug 07, 2023 |  |
| Hanyang Technology | Hanyang Technologies is a company that specialises in the design, research, development, manufacturing, sales, and servicing of garden intelligent robot products. | $20M | Series A | May 12, 2023 |  |
| Seesaw Coffee | Seesaw Coffee provides unique coffee experiences to the communities. |  | Series B | Dec 17, 2021 |  |
| Brother Zhou | Brother Zhou is a restaurant chain specializing in hot pot dishes using Dasaoyao slices as the signature dish. | $15.5M | Series A | Aug 02, 2021 |  |
| HeyTea | HeyTea is a Chinese tea shop that specializes in cheese-topped tea and fruit tea. In 2012, HEYTEA originated from an alley in the riverside. Originally known as ROYALTEA , the royal tea was completely upgraded to the registered brand HEYTEA. | $500M | Series D | Jul 14, 2021 |  |
| Fiture | Fiture, a fitness technology company, is redefining the home fitness scenarios through intelligent hardware and AI-empowered fitness content. | $65M | Series A | Sep 26, 2020 |  |
| ShengXianChuanQi | Shengxianchuanqi is a fresh food chain supermarket that mainly provides customers with fresh food and kitchen merchandise. | $42.5M | Series B | Oct 12, 2018 |  |

7 of 7 investments shown.

## Co-investors
- [BA Capital](https://shizune.co/investors/profile/ba-capital) — VC Fund, 5 deals together
- [IDG Capital](https://shizune.co/investors/profile/idg-capital-partners) — VC Fund, 2 deals together
- [HSG](https://shizune.co/investors/profile/sequoia-capital-china) — VC Fund, 2 deals together
- [BAI capital](https://shizune.co/investors/profile/bertelsmann-asia-investments) — VC Fund, 1 deal together
- [BRV](https://shizune.co/investors/profile/blue-run-ventures-china) — VC Fund, 1 deal together
- [Cathay Capital](https://shizune.co/investors/profile/cathaycapital) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [SOSV](https://shizune.co/investors/profile/sosv) — 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
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — 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
- [Restaurants Investors in Asia](https://shizune.co/investors/restaurants-investors-asia)
- [Restaurants VC Funds in China](https://shizune.co/investors/restaurants-vc-funds-china)
- [Fitness Investors in China](https://shizune.co/investors/fitness-investors-china)
- [Fitness VC Funds in China](https://shizune.co/investors/fitness-vc-funds-china)
- [Restaurants VC Funds in Asia](https://shizune.co/investors/restaurants-vc-funds-asia)
- [Fitness VC Funds in Asia](https://shizune.co/investors/fitness-vc-funds-asia)

## FAQ

### What does Black Ant Group invest in?

Black Ant Group invests primarily in Retail, Food and Beverage and Robotics startups, most often at Series A and Series B stage. Most of the 7 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Black Ant Group's check size?

Black Ant Group typically joins rounds of $15M–$65M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Black Ant Group participates in.

### How do I contact Black Ant Group?

Public channels for Black Ant Group include 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 Black Ant Group?

The team at Black Ant Group includes Michael Zhang (Managing Director), Allen Chen (Managing Director) and David He (Managing Director). 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