# DianLiang Capitals

> DianLiang Capitals is a VC fund in Shanghai backing Electronics, Bakery and Beauty. See 8 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Shanghai, China
- Total investments: 8
- Last investment: Nov 2021
- Lead investor: 0%
- Last updated: Aug 2026
- Website: http://www.dlcapitals.com/

DianLiang Capitals is a Shanghai-based venture capital firm.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Electronics | 2 | 25% |
| Bakery | 1 | 13% |
| Beauty | 1 | 13% |
| Energy | 1 | 13% |
| Medical | 1 | 13% |

21 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Angel | 3 | 38% |
| Seed | 2 | 25% |
| Series B | 2 | 25% |
| Series A | 1 | 13% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 6 | 75% |
| Hong Kong | 1 | 13% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Digitgate Communication Technology | Denge Communication is committed to the development, production and sales of wireless communication equipment products, software and overall solutions. The company has successfully developed and sold 2G, 3G and 4G digital optical fiber distribution systems, digital optical fiber repeaters and other products. In the future, key R&D resourceswill be invested to break through key technologies such as ORAN, V RAN, 5G indoor coverage, and 5G small base stations for edge computing to provide consumers and industry users with high-quality services. |  | Series B | Nov 26, 2021 |  |
| Ellipal | Ellipal creates an air-gapped cryptocurrency hardware wallet to protect cryptocurrency assets. Ellipal's wallet is completely disconnected from the internet and is completely safe from unauthorized access, cyber hacks, malware, and other online threats. Ellipal's mission is to create a secure cryptocurrency cold wallet and to share withthe rest of humanity a portable and fast cryptocurrency service system. | $1.5M | Angel | Aug 10, 2018 |  |
| 51signing.com | 51signing.com is a Beijing Based Enterprise services Start up. | $10.5M | Series A | Jul 13, 2018 |  |
| ControlSYS | ControlSYS is the provider of energy management and apartment intelligent management solutions. | $2.8M | Seed | Apr 06, 2017 |  |
| CureFun | CureFun is an online education platform specialized in medical education services. | $5.7M | Seed | Jan 16, 2017 |  |
| Meijiabang | Meijiabang offers nail care products for customers. | $20M | Series B | Jun 22, 2016 |  |
| WITHWHEAT | WITHWHEAT is a bread baking brand in China that provides healthy and tasty bread. | $425K | Angel | Mar 21, 2016 |  |
| CureFun | CureFun is an online education platform specialized in medical education services. | $610K | Angel | Feb 01, 2015 |  |

8 of 8 investments shown.

## Co-investors
- [Addor Capital](https://shizune.co/investors/profile/addor-capital) — VC Fund, 1 deal together
- [Ameba Capital](https://shizune.co/investors/profile/ameba-capital) — VC Fund, 1 deal together
- [Bondshine Capital](https://shizune.co/investors/profile/bondshine-capital) — VC Fund, 1 deal together
- [Cathay Capital](https://shizune.co/investors/profile/cathaycapital) — VC Fund, 1 deal together
- [East-Lake Venture Capital](https://shizune.co/investors/profile/east-lake-venture-capital) — VC Fund, 1 deal together
- [Fenbushi Capital](https://shizune.co/investors/profile/fenbushi-capital) — VC Fund, 1 deal together

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## FAQ

### What does DianLiang Capitals invest in?

DianLiang Capitals invests primarily in Electronics, Bakery and Beauty startups, most often at Angel and Seed stage. Most of the 8 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did DianLiang Capitals last invest?

The most recent investment recorded for DianLiang Capitals closed in Nov 2021. Shizune tracks 8 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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.

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