N5Capital
VC Fund
Beijing, China
N5Capital is a Beijing-based leading venture capital firm focusing on early stage investment in mobile internet. N5Capital is the only early stage USD venture fund in China specializing in mobile internet, big data and cloud’s disruptive convergence with consumer sectors. N5 believes these technologies are emerging to be the infrastructure ofproductivity growth and consumer behavior transformation. Founded in 2013 by Mr. Will Jiang and Mr. Weiguo Zhao, N5Capital is currently managing two RMB funds and one USD fund, with the total capital managed at $350 million USD. In 2016, N5Captial was awarded the Top 20 Early Stage Venture Capital Firm in China. The power of mobile disruption in the internet savvy Chinese population guarantees a strong investment potential. With more than 60 companies in its portfolio, N5Capital has represented some of the most leading-edge tech companies, including Talking Data, 360 Finance, Car 300, Hot & Hot, Viva Video, LGD, Ofashion and inMotion/SoloWheel. N5Capital has a unique GP team combination with a collective successful track record spanning from angel, early stage, and growth stage to corporate M&A with approximately 30 years combined investment experience. N5Capital analyzes in consumer sectors such as finance, retail, housing, automobile, travel among others and invests in start-ups that thrives on either build or leverage the underlying technology to disrupt or recreate the industry value chain . Through an expansive network, in-depth industry analysis and rigorous user behavior research, N5Capital is shifting the investment landscape for both start-ups and investors. For more information, visit www.n5capital.com.
- Total investments:
- 93
- Last investment:
- Lead investor:
- 34%
- Last fund:
Last updated:
For AI agents: llms.txt
Industries N5Capital invests in
Stages N5Capital invests in
Countries N5Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $142k–$2.4M
- Series A
- $1.3M–$15M
- Series B
- $441k–$30M
Investment Focus
Industry
- E-Commerce 12 (13%)
- Internet 11 (12%)
- Gaming 9 (10%)
- Mobile 8 (9%)
- Software 7 (8%)
Stage
- Series A 42 (45%)
- Seed 21 (23%)
- Series B 9 (10%)
- Angel 7 (8%)
- Series D 3 (3%)
Country
- China 61 (66%)
- United States 4 (4%)
- India 1 (1%)
- Hong Kong 1 (1%)
- Afghanistan 1 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Eason Liu
Partner
|
Partner | Total investments: 0 | Find email | |
Junchen Pu
Partner
|
Partner | Total investments: 1 | Find email | |
Karen Liu
Partner
|
Partner | Total investments: 0 | Find email | |
Weiguo Zhao
Founder & Partner
|
Founder & Partner | Total investments: 0 | Find email | |
Will Jiang
Founder & Partner
|
Founder & Partner | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Zhongying Cross-border is a cross-border e-commerce comprehensive service platform. | Seed / Aug 02, 2022 | ||
| HARMAY is based on contemporary fashion and aesthetics, conveys the concept of beauty and beautiful life. Covering first well-known international cosmetics and skin care brands products, global unique boutiques, and HARMAY’s own products, | $200M / Series D / Jan 20, 2022 | ||
| Feiyu is an online purchasing platform for luxury trading bags. | $30M / Series B / Jun 02, 2021 | ||
| FlashEx has over 100 million users and 1 million couriers. It focuses on short-distance, intracity deliveries and guarantees a one-hour or less delivery time. It currently operates in 225 cities in Asia with an average of around 800,000 deliveries daily. | $125M / Series D / Mar 30, 2021 | ||
| DECX is a new agriculture commodities exchange platform initiative for global buyers and sellers and the first of its kind in China. Version of DECX is to revolutionize China’s tradition bound agriculture through creating a new marketplace that serves all market actors, from farmers to traders to processors to exporters to consumers. The DECX is aunique partnership of market actors. DECX represents the future of China agriculture trader mode, bringing integrity, security, and efficiency to the market. DECX creates opportunities for unparalleled growth in the commodity sector and linked industries, such as transport and logistics, banking and financial services, and others. DECX is developing a new method of exchange and a safer one for all who trade on it. | Series A / Sep 28, 2020 | ||
| Zhulogic provides designers with a design material library and execution tools for the soft decoration part of the home design process. They also provide an innovative mechanism for the transformation and upgrading of the home furnishings manufacturing industry. | $12.3M / Series B / Sep 16, 2020 | ||
| ECCANG provides cross-border e-commerce software, including ERP, WMS, TMS, M2B, BBC, and more. | Series A / Mar 02, 2020 | ||
| Feiyu is an online purchasing platform for luxury trading bags. | $20M / Series A / Feb 28, 2020 | ||
| Xiudan is a multi-person video interactive social app. It is dedicated to the multi-person video interactive social field in the new era. The company team is young and energetic. It only strives for one goal and creates a new subversive video interactive social APP, which belongs to Shenzhen. Xiu Egg Technology Co., Ltd. | $15M / Series A / Dec 11, 2019 | ||
| KK Group provides an online-to-offline imported products marketplace. It provides an O2O platform that enables shoppers to purchase items from physical stores anywhere in the world through their mobile phone. | $100M / Series D / Oct 23, 2019 | ||
| See all 93 investments → | |||
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FAQ
What does N5Capital invest in?
N5Capital invests primarily in E-Commerce, Internet and Gaming startups, most often at Series A and Seed stage. Most of the 93 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is N5Capital's check size?
N5Capital typically joins rounds of $142k–$2.4M at Seed, $1.3M–$15M at Series A and $441k–$30M 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 N5Capital participates in.
How do I contact N5Capital?
Public channels for N5Capital 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 N5Capital?
The team at N5Capital includes Eason Liu (Partner), Junchen Pu (Partner) and Karen Liu (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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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