# Next Capital

> Next Capital is a VC fund backing Manufacturing and Artificial Intelligence. See 28 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Beijing, China
- Total investments: 28
- Last investment: Apr 2026
- Lead investor: 18%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/next-capital-%E5%98%89%E7%A8%8B%E8%B5%84%E6%9C%AC/
- Website: https://www.jiachengcap.com/

Next Capital is a VC fund in Beijing focused on Manufacturing and Artificial Intelligence. Next Capital focuses on projects of new consumer retail, new finance and internet, innovation sector. The investment phase ranges from angels to round A, with investment ranging from RMB 3 million to RMB 30 million. Next Capital was founded in 2017 and was established by Li Li.

## Contacts

5 contacts available for Next Capital. Shizune tracks 4 team members at Next Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/next-capital-87a9?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $4M–$14M |
| Angel | $425k–$10M |
| Series A | $4.3M–$29M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 4 | 14% |
| Artificial Intelligence | 4 | 14% |
| E-Commerce | 3 | 11% |
| Health Care | 3 | 11% |
| Biotechnology | 3 | 11% |

37 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Angel | 10 | 36% |
| Seed | 7 | 25% |
| Series A | 7 | 25% |
| Series B | 1 | 4% |
| Series C | 1 | 4% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 23 | 82% |
| United States | 1 | 4% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Aria Jiang Yizhou | Investment Analyst | 0 | https://shizune.co/investors/profile/aria-jiang-yizhou |
| Binneng Wu | Vice President | 0 | https://shizune.co/investors/profile/binneng-wu |
| Li Li | Founder | 0 | https://shizune.co/investors/profile/li-li-49b5 |
| Zhang Zhibin | investor | 1 | https://shizune.co/investors/profile/zhang-zhibin-5945 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Mizzen Technology | Mizzen Technology is serving clients in cross-border e-commerce, automotive technology, consumer brands, and SaaS sectors. | $10M | Angel | Apr 03, 2026 |  |
| Xuntu Technology | Xuntu Technology is a leading data intelligence provider specializing in investment research and decision-making solutions. | $29M | Series A | Mar 26, 2026 |  |
| Dalan Technology | Dalan Technology is a high-tech enterprise specializing in the research and development of consumer-grade intelligent imaging devices. |  | Seed | Mar 24, 2026 |  |
| Xuntu Technology | Xuntu Technology is a leading data intelligence provider specializing in investment research and decision-making solutions. | $14M | Seed | Oct 22, 2025 |  |
| Interstellar Lightyear | Interstellar Lightyear Technology is a developer specializing in dexterous robotic hands, focusing on creating intelligent dexterous hands with advanced capabilities for precise manipulation. |  | Seed | May 14, 2025 |  |
| Keli Spoken Language | Keli Spoken Language is an AI oral learning software provider to giving customers with an effective English speaking improvement experience through individualized AI learning solutions. |  | Seed | Nov 11, 2024 |  |
| XellSmart | Xellsmart develops stem cell treatment solutions for a variety of degenerative diseases for which there are now no clinical treatments. Xellsmart is located in Minhang District, Shanghai, China. | $14M | Series B | Oct 21, 2024 |  |
| Harbor City | Harbor City develops artificial intelligence models that helps to chat and interact with characters. |  | Series A | Apr 09, 2024 |  |
| Atantares | We are a development stage startup enabling the next generation of precision medicine by fusing biochip and AI technologies. | $14.1M | Seed | Jul 31, 2023 |  |
| Mingkun Technology | Mingkun Technology is a VR research and development firm. |  | Angel | Jun 16, 2023 |  |

10 of 28 investments shown.

## Co-investors
- [Qiming Venture Partners](https://shizune.co/investors/profile/qiming-venture-partners) — VC Fund, 6 deals together
- [Frees Fund](https://shizune.co/investors/profile/freesfund) — VC Fund, 5 deals together
- [HSG](https://shizune.co/investors/profile/hsg-cap) — VC Fund, 5 deals together
- [HSG](https://shizune.co/investors/profile/sequoia-capital-china) — VC Fund, 3 deals together
- [Eastern Bell Capital](https://shizune.co/investors/profile/eastern-bell-venture-capital) — VC Fund, 2 deals together
- [Hillhouse Capital](https://shizune.co/investors/profile/hillhouse-capital-a4ff) — VC Fund, 2 deals together

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## FAQ

### What does Next Capital invest in?

Next Capital invests primarily in Manufacturing, Artificial Intelligence and E-Commerce startups, most often at Angel and Seed stage. Most of the 28 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

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

Next Capital typically joins rounds of $4M–$14M at Seed, $425k–$10M at Angel and $4.3M–$29M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Next Capital participates in.

### How do I contact Next Capital?

Public channels for Next 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 Next Capital?

The team at Next Capital includes Aria Jiang Yizhou (Investment Analyst), Binneng Wu (Vice President) and Li Li (Founder). 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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