# Hengying Capital

> Hengying Capital is a VC fund in Beijing backing Retail, Internet and Architecture. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Beijing, China
- Total investments: 2
- Last investment: Dec 2020
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/%E5%8C%97%E4%BA%AC%E6%81%92%E7%9B%88%E5%85%83%E6%8B%A9%E6%8A%95%E8%B5%84%E7%AE%A1%E7%90%86%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8/
- Website: http://www.l-capital.com.cn/index.html

Hengying Capital is a private equity investment fund management company.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Retail | 1 | 50% |
| Internet | 1 | 50% |
| Architecture | 1 | 50% |
| Construction | 1 | 50% |
| Home Improvement | 1 | 50% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 50% |
| Venture - Series Unknown | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Heneng Habitat Technology | Heneng Habitat Technology provides architectural drawing and interior drawing design, prefabricated installation, and other services. |  | Venture - Series Unknown | Dec 01, 2020 |  |
| Fenlai | Fenlai is an internet retail platform with short videos as the content carrier. | $10M | Seed | Apr 12, 2019 |  |

2 of 2 investments shown.

## Co-investors
- Haihe Industrial Fund — VC Fund, 1 deal together
- [Minsheng Securities](https://shizune.co/investors/profile/minsheng-securities) — VC Fund, 1 deal together
- [QF Capital](https://shizune.co/investors/profile/qf-capital) — VC Fund, 1 deal together
- [Tianjin Venture Capital](https://shizune.co/investors/profile/tianjin-venture-capital) — VC Fund, 1 deal together
- [ZSY Capital](https://shizune.co/investors/profile/zsy-capital) — VC Fund, 1 deal together

## Similar investors

### 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

## FAQ

### What does Hengying Capital invest in?

Hengying Capital invests primarily in Retail, Internet and Architecture startups, most often at Seed and Venture - Series Unknown stage. Most of the 2 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Hengying Capital last invest?

The most recent investment recorded for Hengying Capital closed in Dec 2020. Shizune tracks 2 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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