Lunar Capital
VC Fund
Shanghai, China
Lunar Capital is a VC fund in Shanghai focused on Food and Beverage and Manufacturing. Lunar is a Shanghai-based private equity investment manager in buyouts of middle-market consumer businesses in China. Lunar invests where the power of the Chinese consumer is driving explosive growth in demand for higher quality, mass-market premium products, and services. Lunar builds platforms through buyouts, bolt-on acquisitions, and addinginnovative expertise to create the brands, services, and experiences that Chinese customers want.Lunar has completed more than 20 buyouts, leveraging its unique industry expertise to build businesses from an early stage to market leadership. Lunar was one of the earliest proponents in China of an entrepreneurial, control-oriented, operationally-intensive approach.Lunar companies include Little Star, one of China’s most successful baby- and kids-related businesses, which controls China’s largest online and offline babywear brand. Lunar has also built Castle Snacks into a group comprising leading snack food brands and a growing e-commerce sales operation. Previous Lunar companies included Linktone, a group of early leaders in mobile value-added services, commerce, and payments.
- Total investments:
- 8
- Last investment:
- Lead investor:
- 0%
- Fund size:
- $300M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Lunar Capital invests in
Stages Lunar Capital invests in
Countries Lunar Capital invests in
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Investment Focus
Industry
- Food and Beverage 5 (63%)
- Manufacturing 2 (25%)
- Baby 1 (13%)
- Audio 1 (13%)
- Music 1 (13%)
Stage
- Private Equity 5 (63%)
- Series A 1 (13%)
- Series D 1 (13%)
- Funding Round 1 (13%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Ming Yi
Partner
|
Partner | Total investments: 0 | Find email | |
Sultan Rui
Founder & Partner
|
Founder & Partner | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Rayleigh Acoustics is a sound beautification design service provider. | $13.1M / Series A / Feb 21, 2023 | ||
Shanghai LifeFun
|
LifeFun is a leading snack food business established in 1938, selling a wide variety of snack food products under the LifeFun brand. LifeFun is a “Shanghai Time Honored” brand and is one of the most recognized snack food brands in Shanghai and Eastern China. The Company sells more than 500 products, positioned at the mid-to-high end of the market,and focuses on beef and pork jerkies, poultry products and nuts. | Private Equity / Jan 31, 2017 | |
| Orchard Farmer sells specialized snacks under its well-known brand “Orchard Farmer” brand. The business was founded in 1993 and sells preserved fruits, dried fruits and specialty nuts. The brand is a regional leader in northern China and is the largest seller of nuts and dried fruits in Beijing. | Private Equity / Dec 01, 2016 | ||
| LIFEFUN produces and sells unique flavors of beef jerky, dried pork, sausage, meat dates, cured chicken, preserved duck, and other cantonese cooked foods. They offer Caifan sausage, original cut sausage, cantonese-style sausage, spicy sausage, and other sausage products. | $7.1M / Jan 01, 2016 | ||
| Yao TaiTai is one of the most recognized snack foods in China, selling more than 1,000 SKUs under the Yao TaiTai and Yi Min brands. | Private Equity / Oct 01, 2015 | ||
Yonghong Niutou
|
Yonghong, headquartered in Huishui County of Guizhou Province, is one of the top players in the Chinese beef jerky market. The Company’s most famous product, “Niutou”, or “Bull Head”, is a recognized “China Famous Trademark”, a prestigious title granted to only a handful of branded products. For nearly 30 years Bull Head has been synonymous withtaste and quality. | Private Equity / May 01, 2013 | |
| YEEHOO GROUP.INC (广州英爱贸易有限公司) is a company focused on the design, manufacturing, and sales of high quality infant clothing, as well as distributing well know maternal and infant products. Its private brands are YEEHOO and Bukangfu, in which YEEHOO is the well-recognized brand in the domestic infant and child clothing industry.It owns morethan 10 series and 3000 kinds of products from infant's wear, clothes, bedding, lathe, bath&skin care products, feeding supplies, toys, household & bedding products, maternity supplies, and more.YEEHOO GROUP.INC was founded in 1995. | $100M / Private Equity / Jan 11, 2012 | ||
| Pingan Fu Dianzi Zhifu provides online and offline payment solutions. | $714.2K / Series D / Dec 01, 2006 |
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FAQ
What does Lunar Capital invest in?
Lunar Capital invests primarily in Food and Beverage, Manufacturing and Baby startups, most often at Private Equity and Series A 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.
How do I contact Lunar Capital?
Public channels for Lunar Capital 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 Lunar Capital?
The team at Lunar Capital includes Ming Yi (Partner) and Sultan Rui (Founder & Partner). 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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