# Tongcheng Capital

> Tongcheng Capital is a VC fund in Suzhou backing Consumer, E-Commerce and Travel. See 14 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Suzhou, China
- Total investments: 14
- Last investment: Nov 2021
- Lead investor: 43%
- Last updated: Aug 2026

Tongcheng Capital is an investment firm.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $700k–$1.6M |
| Angel | $425k–$1.4M |
| Series A | $1.4M–$1.4M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Consumer | 4 | 29% |
| E-Commerce | 3 | 21% |
| Travel | 2 | 14% |
| Children | 2 | 14% |
| Internet | 2 | 14% |

24 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Angel | 7 | 50% |
| Seed | 3 | 21% |
| Series A | 2 | 14% |
| Series B | 1 | 7% |
| Series C | 1 | 7% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Heylulu | Heylulu is a beauty brand that provides beauty and cosmetic products for lips, eyes, and faces along with tools like brushes. | $1.6M | Seed | Nov 04, 2021 |  |
| Tongcheng Shenghuo | Tongcheng Life is a community O2O group purchase service platform. With the community as a unit, it establishes a community sales office and completes offline delivery. The platform provides supply, logistics, storage and after-sales support. It mainly provides primary edible agricultural products, food, daily necessities, flowers and gardening,and crafts. , Beauty products and other services. | $200M | Series C | Jun 11, 2020 |  |
| Jiudiange | Jiudiange is a brand marketing and electronic commerce service provider for the hotel industry. They also provide brand building, network communication, e-commerce operation, offline optimization, revenue management, and other services for the hotel industry. | $429.5K | Angel | Feb 10, 2020 |  |
| Waimai Qingbao | Waimai Qingbao is a catering franchise information platform. | $1.4M | Angel | Dec 11, 2019 |  |
| Nongchuangquan | Nongchuangquan is a procurement platform for the agricultural industry in China. | $700K | Seed | Dec 02, 2019 |  |
| Shareplus | Shares Gaga (Shareplus), intelligent platform management equity incentive, is committed to providing quality, professional and convenient service management equity incentive, stock options covering information management, establish an equity incentive plan online, customized programs, granted online, electronic signature In the mature management,exercise repurchase, equity transfer and other aspects, it helps enterprises to finance financing. | $1.4M | Seed | Nov 04, 2019 |  |
| Xiguanxiong | Xiguanxiong is a parent-child content social e-commerce platform, and also a mother's light entrepreneurial platform, providing the mothers with more community value multi-scenario community tools and resource solutions. |  | Angel | Sep 30, 2019 |  |
| Bieyang Life | Bieyang Life focus on creating a new consumer brand for women's quality and healthy life. By gaining insight into the new consumer demand of modern white-collar women, we will work with third-party professional organizations to develop products that truly meet the needs. It is a technology-based company integrating R&D, production (OEM),sales, content and community operations. |  | Angel | Sep 30, 2019 |  |
| Manguniang | Manguniang is a new urban space entertainment operator. It aims to transform and transform into a large number of vacant and low-utility spaces such as idle villas, urban creative parks and factories in the country through space transformation. The entertainment entertainment space, while integrating the standardized supply chain products, providesa one-stop customized experience for the catering, planning, layout, bombardment and other related services, one-stop solution to the entertainment of young urban groups The needs of the party. |  | Angel | Sep 30, 2019 |  |
| Suiyue Life | Suiyue Life is committed to providing high-quality retirement after retirement for the elderly. Based on the local community, the team integrates the service providers of eating, drinking, and playing. Around the life scene of the retired people, the company launches products such as senior activities, tourism, and light knowledge to create a newurban entertainment platform for middle-aged and elderly users. |  | Angel | Sep 30, 2019 |  |

10 of 14 investments shown.

## Co-investors
- [BAI capital](https://shizune.co/investors/profile/bertelsmann-asia-investments) — VC Fund, 2 deals together
- [GSR Ventures](https://shizune.co/investors/profile/gsr-ventures-management) — VC Fund, 2 deals together
- [Legend Capital](https://shizune.co/investors/profile/legend-capital) — VC Fund, 2 deals together
- [Engage Capital](https://shizune.co/investors/profile/yilian-capital) — VC Fund, 2 deals together
- [GF Xinde Investment Management](https://shizune.co/investors/profile/gf-xinde-investment-management) — VC Fund, 1 deal together
- [Haier Capital](https://shizune.co/investors/profile/haier-capital) — VC Fund, 1 deal together

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## FAQ

### What does Tongcheng Capital invest in?

Tongcheng Capital invests primarily in Consumer, E-Commerce and Travel startups, most often at Angel and Seed stage. Most of the 14 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

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

Tongcheng Capital typically joins rounds of $700k–$1.6M at Seed, $425k–$1.4M at Angel and $1.4M–$1.4M 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 Tongcheng Capital participates in.

### When did Tongcheng Capital last invest?

The most recent investment recorded for Tongcheng Capital closed in Nov 2021. Shizune tracks 14 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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