# FountainVest Partners

> FountainVest Partners is a VC fund in Central backing Health Care and Medical. See 27 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Central, Hong Kong
- Total investments: 27
- Last investment: Nov 2025
- Lead investor: 67%
- Fund size: $250M
- Last fund: Dec 2018
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/fountainvest-partners/
- Website: http://www.fountainvest.com

FountainVest Partners is a VC fund in Central focused on Health Care and Medical. FountainVest is a private equity funds dedicated to completely China. They seek to invest in industry leaders and emerging leaders with a strong track record delivering high growth.

## Contacts

5 contacts available for FountainVest Partners. Shizune tracks 4 team members at FountainVest Partners. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/fountainvest-partners?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 7 | 26% |
| Medical | 4 | 15% |
| E-Commerce | 4 | 15% |
| Apps | 3 | 11% |
| Manufacturing | 3 | 11% |

61 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series D | 5 | 19% |
| Series B | 4 | 15% |
| Series C | 4 | 15% |
| Private Equity | 4 | 15% |
| Series E | 3 | 11% |

9 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 20 | 74% |
| Hong Kong | 3 | 11% |
| United States | 2 | 7% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Andrew Huang | Managing Director | 2 | https://shizune.co/investors/profile/andrew-huang-2 |
| Frank Tang | Co-Founder, CEO & Managing Partner | 2 | https://shizune.co/investors/profile/frank-tang |
| Zhen Li | Managing Director | 1 | https://shizune.co/investors/profile/zhen-li-b749 |
| Tang Kui | founder, chairman and CEO | 1 | https://shizune.co/investors/profile/tang-kui |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| SML Group | SML Group is a global end-to-end RFID and brand identification solutions provider. SML develops, manufactures and sells label and tag products including those enabled with RFID, globally to some of the world’s largest and most renowned apparel and footwear retailers and brand owners to help manage their inventory, optimize their supply chain andstore operational efficiencies, also to enhance consumer experience in their transformative movements towards item-level digital identity. |  | Private Equity | Nov 03, 2025 |  |
| Mingqijia | Mingqijia is an internet-based gas service provider and China Gas, leverages unified supply chain capabilities and a proprietary digital platform to provide one-stop lifestyle solutions to households |  | Venture - Series Unknown | Jul 28, 2025 |  |
| Loscam | China Merchants Loscam is a trusted name for providing pooling and returnable packaging solutions for use in supply chains. Operating in 12 regions throughout the Asia Pacific, Loscam is focused on delivering high-quality, innovative and environmentally sustainable solutions and fit-for-purpose systems and procedures to the local markets. Thisdedication has led Loscam to hold a leading market position in various sectors including manufacturing and retail supply chains.Established in 1942, Loscam operates in Australia, China, Hong Kong, Indonesia, Malaysia, Myanmar, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam. | $472.2M | Secondary Market | Jun 26, 2025 |  |
| Yiya InBev Group | Yiya InBev Group is a comprehensive dental company integrating dental outpatient medical services |  | Venture - Series Unknown | Feb 17, 2023 |  |
| Mymro | Mymro engages in providing digital supply chain procurement solutions. | $30M | Series B | May 12, 2021 |  |
| Plus | Plus.ai develops self-driving trucks to enable large-scale commercialization of autonomous transport. Based in Silicon Valley, Plus.ai was founded in 2016 by a group of Stanford PhD classmates who saw the strong potential of artificial intelligence to make a big impact on business and society. With trucking being the primary means of shipping inAmerica, the founders decided to focus on self-driving technology to transform the trillion-dollar commercial trucking industry. Plus.ai specializes in developing full-stack self-driving technology to enable large scale autonomous commercial fleets. We are one of the most advanced autonomous trucking companies today in terms of technological progress and were the first to obtain California’s Autonomous Testing License. The company has since been working on improving the robustness and safety of its fully functional Level-4 autonomous trucks. Plus.ai closely collaborates with the largest OEMs to build self-driving trucks that are safer than human-operated vehicles. The company operates a fleet of autonomous trucks in pilot programs with the top freight shipping companies. | $220M | Series D | Apr 01, 2021 |  |
| USHOPAL | The USHOPAL brand acceleration group is transforming the way global brands scale in China. They partner and invest in visionaries creating the next generation of luxury &ands in the beauty and wellness space. They are a data-driven, fully inte-grated, omni -channel service that introduces and scales foreign brands in China. | $100M | Series D | Mar 09, 2021 |  |
| Plus | Plus.ai develops self-driving trucks to enable large-scale commercialization of autonomous transport. Based in Silicon Valley, Plus.ai was founded in 2016 by a group of Stanford PhD classmates who saw the strong potential of artificial intelligence to make a big impact on business and society. With trucking being the primary means of shipping inAmerica, the founders decided to focus on self-driving technology to transform the trillion-dollar commercial trucking industry. Plus.ai specializes in developing full-stack self-driving technology to enable large scale autonomous commercial fleets. We are one of the most advanced autonomous trucking companies today in terms of technological progress and were the first to obtain California’s Autonomous Testing License. The company has since been working on improving the robustness and safety of its fully functional Level-4 autonomous trucks. Plus.ai closely collaborates with the largest OEMs to build self-driving trucks that are safer than human-operated vehicles. The company operates a fleet of autonomous trucks in pilot programs with the top freight shipping companies. | $100.2M | Series C | Mar 01, 2021 |  |
| Xingsheng Youxuan | Xingsheng Youxuan is a community shopping platform that provides fresh products for consumers.It relies on community-based offline convenience stores to meet the daily needs of household consumers through a new online order and offline pick-up retail model. The platform provides fresh vegetables, fruits, meat and poultry, seafood, common staples,seasoning, and other general merchandise. The company was founded in 2018 and is based in Changsha City, China. | $3B | Series D | Feb 19, 2021 |  |
| Broncus Technologies | Broncus Technologies is a medical technology company focused on developing minimally-invasive medical devices for emphysema and other lung diseases. Broncus is investigating the Exhale emphysema product line to perform our patented treatment method called Airway Bypass. Airway Bypass could be the first minimally-invasive procedure for the treatmentof homogeneous, or diffuse, emphysema, which constitutes the majority of the emphysema patient population.Broncus is currently enrolling patients worldwide in our pivotal EASE Trial investigating a treatment of severe homogeneous emphysema.Broncus is located in Mountain View, CA (San Francisco Bay area).Broncus International is located in Nyon, Switzerland. |  | Series D | Jan 28, 2021 |  |

10 of 27 investments shown.

## Co-investors
- [HSG](https://shizune.co/investors/profile/hsg-cap) — VC Fund, 4 deals together
- [Primavera Capital Group](https://shizune.co/investors/profile/primavera-capital) — VC Fund, 3 deals together
- [Boyu Capital](https://shizune.co/investors/profile/boyu-capital) — VC Fund, 2 deals together
- [ClearVue Partners](https://shizune.co/investors/profile/clearvue-partners) — VC Fund, 2 deals together
- [Mubadala](https://shizune.co/investors/profile/mubadala-investment-company-e9c0) — VC Fund, 2 deals together
- [Quanta Computer](https://shizune.co/investors/profile/quanta-computer) — VC Fund, 2 deals together

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## FAQ

### What does FountainVest Partners invest in?

FountainVest Partners invests primarily in Health Care, Medical and E-Commerce startups, most often at Series D and Series B stage. Most of the 27 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 FountainVest Partners?

Public channels for FountainVest Partners 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 FountainVest Partners?

The team at FountainVest Partners includes Andrew Huang (Managing Director), Frank Tang (Co-Founder, CEO & Managing Partner) and Zhen Li (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.

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