# Initial Capital

> Initial Capital is a VC fund in Beijing backing B2B, Apps and Travel. See 3 investments, round sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Beijing, China
- Total investments: 3
- Last investment: Dec 2016
- Lead investor: 0%
- Last updated: Aug 2026
- Website: http://www.initialvc.com/

Initial Capital is an investment firm based in China.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| B2B | 1 | 33% |
| Apps | 1 | 33% |
| Travel | 1 | 33% |
| Medical | 1 | 33% |
| Ticketing | 1 | 33% |

10 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 2 | 67% |
| Angel | 1 | 33% |

## Investments

| Company | Description | Round size | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| ASK E-health | ASK-APP is a medical health service system tailored for mobile applications. Developers don't need to write lengthy code to cope with the complex process of cooperation with hospitals or doctors. You can make your mobile applications healthy in a few simple steps. The medical service function is thus more focused on the development of its ownbusiness. | $14.2M | Series A | Dec 28, 2016 | http://www.ask-app.com/ |
| Apin | Apin connects airline ticket whole-sellers and end-consumers. It is a B2B and C2B overseas ticket service platform and amis at connecting the tail ticket of upstream and travel agencies as well as end users. APIN plans to build a sharing economy platform of low-cost air travel. |  | Series A | Apr 18, 2016 | https://www.apin.com/ |
| Youmutou | Youmutou is a real-time spot wood e-commerce platform. | $1.4M | Angel | Mar 21, 2016 | https://www.youmutou.com/ |

3 of 3 investments shown.

## Co-investors
- [Aerofolks Group](https://shizune.co/investors/profile/aerofolks-group) — VC Fund, 1 deal together
- [Desun Investments](https://shizune.co/investors/profile/desun-investment) — VC Fund, 1 deal together
- [Glory Ventures](https://shizune.co/investors/profile/glory-ventures) — VC Fund, 1 deal together
- [Guanghe VC](https://shizune.co/investors/profile/guanghe-vc) — VC Fund, 1 deal together
- [ShenZhen GTJA Investment Group](https://shizune.co/investors/profile/shenzhen-gtja-investment-group) — VC Fund, 1 deal together
- [Welight Capital](https://shizune.co/investors/profile/welight-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
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

## FAQ

### What does Initial Capital invest in?

Initial Capital invests primarily in B2B, Apps and Travel startups, most often at Series A and Angel stage. Most of the 3 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Initial Capital last invest?

The most recent investment recorded for Initial Capital closed in Dec 2016. Shizune tracks 3 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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