# MSA Capital

> MSA Capital is a VC fund backing E-Commerce and Financial Services. See 148 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Beijing, China
- Total investments: 148
- Last investment: Jul 2026
- Lead investor: 28%
- Last fund: Jun 2020
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/msacap/
- X (Twitter): https://twitter.com/MSA_Capital
- Website: http://www.msacap.com

MSA Capital is a global venture capital and private equity firm that invests in technology-enabled companies from seed to growth stage. The firm manages capital from the world's top sovereign wealth funds, international asset managers, pension funds, university endowments, fund of funds, and family offices, as well as China's leading neweconomy entrepreneurs.

## Contacts

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

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.5M–$11M |
| Series A | $3.5M–$33M |
| Series B | $10M–$130M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| E-Commerce | 19 | 13% |
| Financial Services | 19 | 13% |
| Biotechnology | 18 | 12% |
| Health Care | 15 | 10% |
| FinTech | 14 | 9% |

131 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 32 | 22% |
| Seed | 30 | 20% |
| Series B | 24 | 16% |
| Pre-Seed | 11 | 7% |
| Series C | 9 | 6% |

14 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 51 | 34% |
| United States | 12 | 8% |
| Egypt | 7 | 5% |
| Brazil | 5 | 3% |
| India | 4 | 3% |

21 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Jenny Zeng | Managing Partner and Founder | 2 | https://shizune.co/investors/profile/jenny-zeng |
| Ben Harburg | Managing Partner | 25 | https://shizune.co/investors/profile/ben-harburg |
| Prakhar Khanduja | Investor | 2 | https://shizune.co/investors/profile/prakhar-khanduja |
| Walid Faza | Partner and Chief Operating Officer | 1 | https://shizune.co/investors/profile/walid-faza |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Memory tensor | Memory tensor designed with a focus on systematic innovation, grounded firmly in fundamental principles, serves as a powerful tool for scalable and adaptable intelligence. Its architecture emphasizes three core attributes: low cost, ensuring economic feasibility and accessibility; low illusion, reducing overfitting and minimizing hallucinations ormisleading outputs; and high generalization. | $14.8M | Seed | Jul 20, 2026 |  |
| Sand.ai | Sand AI is an AI company that focuses on producing videos. |  | Series B | Jun 22, 2026 |  |
| Westlake Lingxi | Westlake Lingxi develops brain-computer interface technologies, including neuro-prosthetic systems and neural decoding solutions, to support rehabilitation for people with language and movement disorders. |  | Pre-Seed | Jun 08, 2026 |  |
| Flextock | Flextock is a provider of on-demand warehousing and logistics platforms to help businesses efficiently scale their operations. | $12.6M | Series A | Feb 17, 2026 |  |
| MindOn | MindOn is a robotics company that develops artificial intelligence software and algorithms to create humanoid robots. |  | Angel | Nov 10, 2025 |  |
| MindOn | MindOn is a robotics company that develops artificial intelligence software and algorithms to create humanoid robots. |  | Angel | Sep 15, 2025 |  |
| XProtocol | XProtocol is a modular entertainment chain that uses base's superchain technology to help developers create games with player-driven economies. | $5.2M | Seed | Jun 13, 2024 |  |
| XProtocol | XProtocol is a modular entertainment chain that uses base's superchain technology to help developers create games with player-driven economies. | $800K | Venture - Series Unknown | Jun 13, 2024 |  |
| DP Technology | Deep Technology uses a new generation of molecular simulation technology to tackle micro-scale industrial design difficulties. Founded in 2018 and is based in Beijing China. | $99.2M |  | Aug 18, 2023 |  |
| DP Technology | DP Technology is a global leader in the "AI for Science" research paradigm, where AI learns scientific principles and data, then tackles key challenges in scientific research and industrial R&D.DP's commitment to interdisciplinary research has led to the creation of the DP "Particle Universe", an array of pre-trainedlarge science models designed to bridge foundational research with practical industrial applications. DP's software suite includes the Bohrium® Scientific Research Space, Hermite® Computational Drug Design Platform, RiDYMO® Dynamics Platform, and Piloteye® Battery Design Automation Platform. Together, these platforms form a robust foundation for industrial innovation and an open ecosystem for AI in science, fostering advancements in key areas such as drug discovery, energy, material science, and information technology. | $99.2M |  | Aug 18, 2023 |  |

10 of 148 investments shown.

## Co-investors
- [MSA Novo](https://shizune.co/investors/profile/msa-novo) — VC Fund, 29 deals together
- [Global Founders Capital](https://shizune.co/investors/profile/global-founders-capital) — VC Fund, 15 deals together
- [Picus Capital](https://shizune.co/investors/profile/picus-capital) — VC Fund, 10 deals together
- [VentureSouq](https://shizune.co/investors/profile/venturesouq) — VC Fund, 9 deals together
- [First Check Ventures](https://shizune.co/investors/profile/first-check-ventures) — VC Fund, 8 deals together
- [Matrix Partners China](https://shizune.co/investors/profile/matrix-partners-china) — VC Fund, 8 deals together

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## FAQ

### What does MSA Capital invest in?

MSA Capital invests primarily in E-Commerce, Financial Services and Biotechnology startups, most often at Series A and Seed stage. Most of the 148 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is MSA Capital's check size?

MSA Capital typically joins rounds of $1.5M–$11M at Seed, $3.5M–$33M at Series A and $10M–$130M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds MSA Capital participates in.

### How do I contact MSA Capital?

Public channels for MSA Capital include LinkedIn, X (Twitter) 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 MSA Capital?

The team at MSA Capital includes Jenny Zeng (Managing Partner and Founder), Ben Harburg (Managing Partner) and Prakhar Khanduja (Investor). 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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