YF Capital
VC Fund
Hong Kong, Hong Kong
YF Capital is a VC fund in Hong Kong focused on Biotechnology and Health Care. Yunfeng Capital was established in January 2010. It is the only private equity firm in China set up by successful entrepreneurs, pioneers and industry leaders. Its goal is not merely to be a financial investor, but also to share the entrepreneurial experience with companies, helping them refine their development, organizational management and brand building strategies. Yunfeng Capital places a special emphasis on young entrepreneurs, grooming future leaders to lead world-class enterprises. Yunfeng is the result of combining the Chinese first names of Mr. Jack MA (Yun), Chairman of Alibaba, and Mr. David YU (Feng), Founder of Target Media. In addition, there are more than 10 other co-founders, including Mr. Yu Zhu SHI, Chairman of Giant interactive group, Mr. Yong Hao LIU, Chairman of New Hope Group, Mr. Guo Jun SHEN, Chairman of Intime Investment, Mr. Yu Suo WANG, Chairman of ENN Group, Mr. Jason JIANG, Chairman of Focusmedia, Mr. Hang XU, Chairman of Shenzhen Mindray Medical, Mr. Yi Hong CHEN, Chairman of China Dongxiang(Group), Mr. Xin ZHOU, Chairman of E-House (China), Mr. Jian Guo WANG, Founder of Fivestar, Mr. Shao Xiong ZHOU, Chairman of Septwolves, Mr. Xu Ning WANG, Chairman of Joyong Holdings, Mr. You Cai ZHANG, President of Unifront Holdings. Yunfeng Capital is headquartered in Shanghai. Branch offices are located in Hong Kong, Beijing, Hangzhou, and other mainland cities.
- Total investments:
- 171
- Last investment:
- Lead investor:
- 41%
- Last fund:
Last updated:
For AI agents: llms.txt
Industries YF Capital invests in
Stages YF Capital invests in
Countries YF Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Series A
- $10M–$558M
- Series B
- $19M–$228M
- Series C
- $29M–$818M
Investment Focus
Industry
- Biotechnology 17 (10%)
- Health Care 16 (9%)
- Artificial Intelligence 14 (8%)
- Medical 13 (8%)
- Internet 13 (8%)
Stage
- Series A 40 (23%)
- Series B 35 (20%)
- Series C 29 (17%)
- Series D 12 (7%)
- Private Equity 11 (6%)
Country
- China 124 (73%)
- United States 6 (4%)
- France 1 (1%)
- Hong Kong 1 (1%)
- Indonesia 1 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
David Yu
Founder and Chairman
|
Founder and Chairman | Total investments: 2 | Find email | |
Jack Ma
Founder
|
Founder | Total investments: 14 | Find email | |
|
Li Na
Manager
|
Manager | Total investments: 3 | Find email | |
|
Xia Xiaoyan
Partner
|
Partner | Total investments: 1 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| D-Robotics is a provider of robotic computing solutions. We're committed to delivering paradigm-shifting products that drive efficiency, simplify development and accelerate innovation. | $400M / Series C / Sep 17, 2026 | ||
|
MatriQ
|
Series A / Aug 20, 2026 | ||
| Zhongke Digital is a Chinese company that specializes in the development of dedicated computing architectures for finance, artificial intelligence, and blockchain. The company is based in Beijing. China. | Series C / Aug 18, 2026 | ||
| Liobate specializes in designing, creating, and selling thin-film lithium niobate modulator chips and related optical interconnect devices. | Series B / Aug 06, 2026 | ||
| New Micron Nano Technology is a semiconductor silicon wafer R&D and manufacturer. It has developed a series of semiconductor silicon wafer (silicon wafer) processing techniques and technologies, and produced debugging-grade silicon wafers, test-grade silicon wafers, special silicon oxide silicon wafers, and plating silicon wafers. Aluminumsilicon wafers and other products, and provide silicon wafer grinding, polishing, thinning, silicon wafer regeneration, laser cutting and other processing services. | $147.4M / Series C / Jul 03, 2026 | ||
| Zhengyan Software is an artificial intelligence application software developer. | Venture - Series Unknown / Jun 25, 2026 | ||
| North Ocean Photonics is a Smart Hardware Company. | $58.6M / Series C / Apr 15, 2026 | ||
| Spirit AI develops 'Universal Brains' for robotics, specializing in general-purpose embodied models that bridge the gap between simulation and real-world deployment. These models provide robots with robust generalization and precise physical interaction capabilities across diverse environments. Technical efficacy is validated by theSpirit Series (notably Spirit v1.5), which currently leads the RoboChallenge global benchmarks. Through rigorous R&D, Spirit AI aims to integrate versatile robotic companions into the modern workforce, advancing the era of embodied AI. | $145.4M / Series A / Apr 07, 2026 | ||
| Wallaby Medical is a manufacturing company that produces Avenir coil systems and medical devices for stroke treatment. | Series C / Mar 17, 2026 | ||
| Spirit AI develops 'Universal Brains' for robotics, specializing in general-purpose embodied models that bridge the gap between simulation and real-world deployment. These models provide robots with robust generalization and precise physical interaction capabilities across diverse environments. Technical efficacy is validated by theSpirit Series (notably Spirit v1.5), which currently leads the RoboChallenge global benchmarks. Through rigorous R&D, Spirit AI aims to integrate versatile robotic companions into the modern workforce, advancing the era of embodied AI. | $290M / Series A / Feb 24, 2026 | ||
| See all 171 investments → | |||
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FAQ
What does YF Capital invest in?
YF Capital invests primarily in Biotechnology, Health Care and Artificial Intelligence startups, most often at Series A and Series B stage. Most of the 171 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does YF Capital invest in?
YF Capital typically joins rounds of $10M–$558M at Series A, $19M–$228M at Series B and $29M–$818M at Series C. These are whole funding-round sizes, not YF Capital's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds YF Capital took part in.
How do I contact YF Capital?
Public channels for YF 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 YF Capital?
The team at YF Capital includes David Yu (Founder and Chairman), Jack Ma (Founder) and Li Na (Manager). 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 Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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