# Five Bulls Fund

> Five Bulls Fund is a VC fund in Shanghai backing Software, Manufacturing and Semiconductor. See 6 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Shanghai, China
- Total investments: 6
- Last investment: Nov 2022
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/bulls-fund
- Website: http://bullsfund.com.cn/

Five Bulls Fund is a VC fund in Shanghai focused on Software and Manufacturing. Shanghai five Bull Equity Fund Management Ltd, started in 2004, is a leading provider of comprehensive investment management and financial advisory services. The registered capital of 800 million Yuan, headquartered in China's financial center of Shanghai Lujiazui central financial district, in New York, London and Hong Kong as aninternational financial centre Office for domestic financial services for international high net worth clients. By December 2015, five cattle Fund's assets under management have more than 16 billion.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 2 | 33% |
| Manufacturing | 2 | 33% |
| Semiconductor | 2 | 33% |
| Film | 1 | 17% |
| Medical | 1 | 17% |

13 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series C | 2 | 33% |
| Angel | 1 | 17% |
| Series A | 1 | 17% |
| Funding Round | 1 | 17% |
| Venture - Series Unknown | 1 | 17% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Dongfang Jingyuan Electron | Dongfang Jingyuan Electron Ltd is a semiconductor equipment and software company that focuses on integrated circuit production management. | $141.7M |  | Nov 25, 2022 |  |
| DJEL | DJEL is a semiconductor equipment and software company specializing in integrated circuit yield management. DJEL manufactures advanced semiconductors with real-time optimized systems and technical solutions for chip design, manufacturing, and testing. | $139.8M | Venture - Series Unknown | Nov 24, 2022 |  |
| Linmon Pictures | Linmon Pictures is a boutique entertainment studio. Linmon Pictures is an independent creator, producer, and distributor of entertainment content. |  | Series C | Mar 12, 2018 |  |
| Motie.com | Motie.com is an online book publishing platform. | $42.5M | Series C | Jul 04, 2017 |  |
| Regenovo | Regenovo provides 3D printing technology solutions in the biomedical field. | $425K | Angel | Jun 25, 2015 |  |
| Motie.com | Motie.com is an online book publishing platform. | $7.1M | Series A | Apr 01, 2008 |  |

6 of 6 investments shown.

## Co-investors
- [Co-Stone Venture Capital](https://shizune.co/investors/profile/co-stone-capital) — VC Fund, 3 deals together
- [An Xin Capital](https://shizune.co/investors/profile/an-xin-capital) — VC Fund, 2 deals together
- [Beijing E-town International Investment & Development](https://shizune.co/investors/profile/beiid) — VC Fund, 2 deals together
- [CCB International](https://shizune.co/investors/profile/ccb-international) — VC Fund, 2 deals together
- [CGII Private Fund](https://shizune.co/investors/profile/cgii-private-fund) — VC Fund, 2 deals together
- [China Capital Management](https://shizune.co/investors/profile/china-capital-management) — VC Fund, 2 deals together

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## FAQ

### What does Five Bulls Fund invest in?

Five Bulls Fund invests primarily in Software, Manufacturing and Semiconductor startups, most often at Series C and Angel stage. Most of the 6 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Five Bulls Fund last invest?

The most recent investment recorded for Five Bulls Fund closed in Nov 2022. Shizune tracks 6 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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