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Top 50 Restaurants Startup Investors in China (July 2026)

The most active venture capital funds and angel investors investing in China Restaurants startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Restaurants startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
kaoputou.com
VC Fund
4 China Series A, Angel Food and Beverage, Catering, Restaurants $1.6M–$16M
Tiantu Capital
VC Fund
3 China, United States, Japan Series A, Series B, Series C Food and Beverage, E-Commerce, Health Care $1.4M–$162M
Buhuo Ventures
VC Fund
3 China Series A, Angel, Seed Food and Beverage, E-Commerce, B2B $140k–$16M
ZhenFund
VC Fund
3 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Software, E-Commerce $425k–$28M
MinIPO
VC Fund
2 China Seed Restaurants, Catering, Craft Beer
Li Kanglin
Angel
2 China Seed, Angel, Series A Retail, Restaurants, Food and Beverage
Pros Partners
VC Fund
2 China Seed, Series A Artificial Intelligence, Apps, Mobile
Zhencheng Capital
VC Fund
2 China, United States, Singapore Series A, Series B, Seed Manufacturing, Software, Information Technology $1.4M–$34M
Qingsong Fund
VC Fund
2 China, United States, Canada Series A, Angel, Seed Manufacturing, Internet, Education $142k–$28M
Hony Capital
VC Fund
2 China, United States, Hong Kong Series A, Series B, Seed E-Commerce, Biotechnology, Food and Beverage $3.8M–$390M
Jinding Capital
VC Fund
2 China Series A, Seed, Series B Manufacturing, Health Care, Robotics $1.4M–$57M
Zhenshun Jijin
VC Fund
2 China Angel, Series A, Seed Internet, E-Commerce, Health Care $425k–$4.3M
Liuyi Touzi
VC Fund
2 China Seed, Angel, Series A EdTech, Energy, Consumer $450k–$473k
Meridian Capital Asia
VC Fund
2 China, Latvia, Hong Kong Series A, Angel, Series B Internet, Software, E-Commerce $425k–$28M
Vision Knight Capital
VC Fund
2 China, Malaysia, Thailand Series A, Series B, Seed Manufacturing, Artificial Intelligence, Information Technology $2.8M–$80M
Jiangzhen Venture Capital
VC Fund
2 China Seed Restaurants, Catering, Craft Beer
Luminous Ventures (former Lightspeed China Partners)
VC Fund
2 China, United States, Singapore Series A, Series B, Seed Manufacturing, Internet, Software $2.9M–$110M
Kushu Brewery
VC Fund
2 China Seed Restaurants, Catering, Craft Beer
Plum Ventures
VC Fund
1 China, United States, Hong Kong Series A, Angel, Seed E-Commerce, Manufacturing, Software
Dayone Capital
VC Fund
1 China, United States Series A, Seed, Series B Battery, Manufacturing, Renewable Energy
Loyal Valley Capital
VC Fund
1 China, United States, Hong Kong Series C, Series B, Series A Biotechnology, Health Care, Pharmaceutical
Intelligent Capital
VC Fund
1 China Angel, Series B, Post-IPO Equity Food and Beverage, E-Commerce, Restaurants
Wanxing Fund
VC Fund
1 China Seed Restaurants, Manufacturing
Zhou Hongbiao
Angel
1 China Seed Restaurants, Wine and Spirits, Food and Beverage
Liepin
VC Fund
1 China Seed, Angel Retail, Employment, Recruiting
Joyvio Group
VC Fund
1 China Series A, Angel Food Processing, Biotechnology, Food and Beverage
Jinyi Capital
VC Fund
1 China Series B, Seed, Series C Health Care, Cosmetics, Biotechnology
BA Capital
VC Fund
1 China, Spain Series B, Series A, Seed Food and Beverage, Retail, E-Commerce
Zhuhai Hengqin Shijing Touzi Hehuoqiye (Limited Partnership)
VC Fund
1 China Series B Tea, Consumer, Health Care
D1M
VC Fund
1 China Angel Catering, Restaurants, Food and Beverage
Pfaff Star
VC Fund
1 China Angel Catering, Restaurants
Yiyi
VC Fund
1 China Angel, Seed, Series A E-Commerce, Information Technology, Software
Cyanhill Capital
VC Fund
1 China, Germany Seed, Angel, Series A E-Commerce, Software, Food and Beverage
Huaying Capital
VC Fund
1 China, Japan, Hong Kong Series A, Series B, Seed Information Technology, Software, Manufacturing
Zero2IPO Ventures
VC Fund
1 China, Taiwan, India Series A, Series B, Angel E-Commerce, Internet, Education $142k–$42M
Light-Up Capital
VC Fund
1 China Series A, Angel Retail, Software, Health Care $7.1M–$10M
Fortune Venture Capital
VC Fund
1 China, Japan, United States Series A, Series B, Seed Manufacturing, Software, Information Technology $425k–$73M
National SME Development Fund
VC Fund
1 China Series A, Series B, Series C Health Care, Information Technology, Manufacturing $1.5M–$64M
Fosun International
VC Fund
1 China, United States, Israel Series A, Series B, Series C Health Care, Manufacturing, Information Technology $1.4M–$97M
Volcanics Venture
VC Fund
1 China, United States, Hong Kong Series A, Series B, Seed Health Care, Artificial Intelligence, Biotechnology $350k–$60M
Black Ant Group
VC Fund
1 China Series A, Series B, Angel Retail, Food and Beverage, Tea $14M–$65M
SR Capital
VC Fund
1 China, United States Series A, Angel, Series B Manufacturing, E-Commerce, Semiconductor $425k–$43M
IDG Capital
VC Fund
1 China, United States, India Series A, Series B, Series C Software, Internet, E-Commerce $3M–$200M
Oriza Seed Capital (Oriza Yuandian)
VC Fund
1 China, United States, Singapore Series A, Seed, Angel Manufacturing, Health Care, Medical $213k–$60M
Baidu
VC Fund
1 China, United States, Israel Series A, Series B, Series C Internet, Software, Artificial Intelligence $2.8M–$553M
Fosun Pharma
VC Fund
1 China, United States, Israel Series A, Seed Health Care, Biotechnology, Pharmaceutical $1.4M–$28M
DT Capital Partners
VC Fund
1 China, United States, South Korea Series A, Series B, Series C Health Care, Medical, Biotechnology $1.4M–$92M
Innovation and Technology Venture Fund
VC Fund
1 Hong Kong, China, Singapore Series A, Seed, Series B Information Technology, Software, Artificial Intelligence $250k–$150M
Joy Capital
VC Fund
1 China, United States, Canada Series B, Series A, Series C E-Commerce, Food and Beverage, Software $1.4M–$196M
BAI capital
VC Fund
1 China, United States, Hong Kong Series A, Series B, Seed Software, Internet, Financial Services $3M–$100M
Access all 182 investors in China Restaurants startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

kaoputou.com
VC Fund · 4 investments in China Restaurants startups

kaoputou.com is a fund that focuses on an early investment in the catering industry.

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Investment focus

  • Industry: Food and Beverage, Catering, Restaurants
  • Stage:Series A, Angel
  • Geography: China

Investor stats

  • Total investments: 14
  • Round size: Series A $1.6M–$16M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Ma Zhua Zhua — Ma Zhua Zhua is a cold-salted catering chain and a brand that makes chicken dishes with signature spicy and hot and sour chicken feet.
  • Ji Xiang — Ji Xiang is a catering retail brand and an enterprise that manufactures, distributes, and sells different types of Wontons.
  • Tangqi Shengtai Enterprise Management — Tangqi Shengtai Enterprise Management provides food from all over the world, and it also provides customers with various brands of beer, foreign wine, and red wine. Their technicians prepare many wines and cocktails.
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Tiantu Capital
VC Fund · Shenzhen, Guangdong, China · 3 investments in China Restaurants startups

Tiantu Capital is a venture capital association.

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Investment focus

  • Industry: Food and Beverage, E-Commerce, Health Care
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 130
  • Round size: Series A $1.4M–$16M; Series B $14M–$142M; Series C $14M–$162M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $68M in 2019

Portfolio highlights

  • LAN
  • Zdeer — Zdeer is a health tech brand focusing on artificial intelligence health and consumer medicine. It is committed to improving the health awareness of the whole people, while breaking the shackles of the traditional health industry, through continuous technological innovation and product innovation, to bring better-looking and better-use products toconsumers at a more affordable price.
  • Billy Information — Mycooltv leverage advanced AI technology to create cost-effective solutions for premium hotel experiences. AI travel media network.
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Buhuo Ventures
VC Fund · Beijing, Beijing, China · 3 investments in China Restaurants startups

Buhuo Ventures invests in early and growing TMT and innovative consumer sectors.

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Investment focus

  • Industry: Food and Beverage, E-Commerce, B2B
  • Stage:Series A, Angel, Seed
  • Geography: China

Investor stats

  • Total investments: 39
  • Round size: Seed $140k–$3.2M; Angel $425k–$1.4M; Series A $3M–$16M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $243M in 2021

Portfolio highlights

  • Tustin — Tustin focuses on "hand-rolled and grilled" items such as spicy chicken drumsticks and grilled pineapple burgers.
  • Shala Shike — Shala Shike is a supply chain technology company that focuses on catering, dining, salad carving service, cold chain distribution, and smart machine unmanned sales services.
  • China Model Group — China Model Group is a network of systems for material management. By maximizing the mismatch of assets and enhancing industrial productivity, it enables the standardization, digitization, and financialization of the commercial formwork sector at the level of formwork practitioners. General contracting services are provided by a platform thatbrings together industry resources to guarantee that industry practices are followed during project construction. This platform also uses digital innovation capabilities to enhance industrial efficiency and lower construction costs.
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ZhenFund
VC Fund · Beijing, Beijing, China · 3 investments in China Restaurants startups

ZhenFund is a seed fund founded by former entrepreneurs to invest in the most promising innovators. New Oriental co-founders Bob Xiaoping Xu and Victor Qiang Wang established ZhenFund in 2011 in collaboration with Sequoia Capital China. ZhenFund now has a network of over 800 portfolio companies, including over 30 unicorns based in China. Webelieve that great businesses start with exceptional founding teams. We are dedicated to helping our entrepreneurs build successful companies by providing them with mentorship and the best resources available. Some of our services include biannual demo days to top Chinese VCs, ZhenHR services, marketing and PR consulting, as well as fundraising. Our strong and large CEO network also facilitates entrepreneurs helping each other, especially via our WeChat platform. ZhenFund has been ranked as the “#1 Early-Stage Investment Firm” for six years. Bob Xiaoping Xu, Founder of ZhenFund, has been named on the Midas List since 2016 and ranked #11 in 2019. Anna Fang, Founding Partner and CEO of ZhenFund, has been named on the Midas List since 2019 and made her 4th appearance as #12, and #1 on Midas Seed List in 2022.

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Investment focus

  • Industry: Artificial Intelligence, Software, E-Commerce
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 373
  • Round size: Seed $650k–$20M; Angel $425k–$21M; Series A $1.4M–$28M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — raised $130M in 2022

Portfolio highlights

  • ImageDT — ImageDT is a Enterprise services company.
  • Snowplus — SNOWPLUS is an e-cigarette brand that provides users with e-cigarette products through a combination of online and offline sales models. The products are available in 12 different types of flavors. The products use TrueFeel honeycomb ceramic atomization technology and Aeroflow intake. Technology; In addition to reference to the existing food-gradestandards in China, Xuejia has also passed a number of third-party certifications in terms of safety. The core components such as atomizing core and cigarette holder comply with the highest medical safety standards of the FDA and the European Union.
  • Futuring Robot — Futuring Robot is a developer of dual-arm home service robots focusing on C-end home scenarios.
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MinIPO
VC Fund · Changyang, Beijing, China · 2 investments in China Restaurants startups

MINIPO is an Internet non-public equity investment platform.

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Investment focus

  • Industry: Restaurants, Catering, Craft Beer
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Tagsiu — Tagsiu is a restaurant and tavern brand specializes in high-quality brewing.
  • Fuhua Incubator — Fuhua Incubator is an incubation service provider driven by the technology industry chain.
  • TAGSIU Craft Beer Restaurant — TAGSIU Craft Beer Restaurant is a specialized self-service sales system designed specifically for catering businesses and pub brands, focusing on the efficient and innovative distribution of craft draft beer.
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Li Kanglin
Angel · 2 investments in China Restaurants startups

Li Kanglin

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Investment focus

  • Industry: Retail, Restaurants, Food and Beverage
  • Stage:Seed, Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Deyanshe
  • SoupMaster — SoupMaster is a Chinese restaurant chain and retail brand. It provides various nutritious soups for pregnant women, patients with a demand for health recuperation, and other people pursuing high-quality life.
  • Lancet Barbecue
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Pros Partners
VC Fund · Shanghai, Shanghai, China · 2 investments in China Restaurants startups

Pros Partners is an investment fund that focuses on the new economy and mobile internet.

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Investment focus

  • Industry: Artificial Intelligence, Apps, Mobile
  • Stage:Seed, Series A
  • Geography: China

Investor stats

  • Total investments: 6
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • DARE ONE — DARE ONE is an online marketplace that provides casual women's lingerie products.
  • Aige Chibaole — Aige Chibaole is an food review and recommendation platform.
  • Silicon Intelligence — Guiji Zhineng is a high-tech company focused on in-depth R&D and commercial scenario application for interactive technologies such as intelligent voice and machine vision.
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Zhencheng Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Restaurants startups

Zhencheng Capital invests in early/early-growth stage, including Advanced Technology/ AI.

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Investment focus

  • Industry: Manufacturing, Software, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 57
  • Round size: Seed $1.4M–$14M; Series A $1.5M–$28M; Series B $3.5M–$34M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Shuyun — Shuyun is a provider of digital marketing software products and services.
  • Xiaoyezi — Xiaoyezi is an AI-driven technology music education company, committed to making music education more interesting and efficient through excellent products. The sales of its The ONE smart piano has been in the forefront of the same category on Tmall 11.11 for seven consecutive years; there are more than 5,000 smart piano classrooms around the world.The smart sparring mode pioneered by Xiaoyezi, through AI error correction, scientific and efficient piano practice. Currently, Xiaoyezi has users in 131 countries around the world.
  • Light Year Exploration — Light Year Exploration is a distributor of vehicle mechanical products.
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Qingsong Fund
VC Fund · Shenzhen, Guangdong, China · 2 investments in China Restaurants startups

Founded in June 2012 by Liu Xiaosong, Dong Zhanbin, and Su Wei, three Internet and investment circle veterans, Qingsong Fund is an early venture capital firm specializing in investment in education, social networking, consumerism, innovation, technology and applications. It manages four RMB funds with a total value of about RMB 2 billion. So far,it has invested in more than 140 companies, including 1 to 1 head, 1 DaDa English, squirrel AI, onion mathematics, wedding calendar, werewolf killing, flystep technology, HomeFacial. Pro and other star projects - 50% exit project returns more than 60 times, multiple project valuation multiples increased nearly 200 times, and educational projects have an average annual value increase of 500%. Among them, the Qingsong Smart Fund, which was newly established in 2018, focuses on the underlying technologies of the underlying AI and Smart Connect, as well as investment in such areas as smart healthcare, enterprise services and intelligent transportation applications. Liu Xiaosong, founding partner of Qingsong Fund, is a Ph.D. student at Tsinghua University. He invested in Tencent in 1999 and has a return on investment of tens of thousands of times. In 2000, he founded A8 New Media Group, which was successfully listed on the main board in Hong Kong in 2008. In 2015, he hatched in November 2018. Listed in Hong Kong stocks in the year. As a leading early investment institution in China, Qingsong Fund and its founding partners have repeatedly won Top 10 of Zero2IPO China's early investment institutions/investors, Top10 of China's education sector, Top100 of Chinese investors, and China's best early venture capital investment. Institution/Investor Top10; 36氪 China's new entertainment sector investment institutions Top10, online education sector investment institutions/investors Top10 and other mainstream awards.

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Investment focus

  • Industry: Manufacturing, Internet, Education
  • Stage:Series A, Angel, Seed
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 133
  • Round size: Seed $1.4M–$28M; Angel $142k–$1.6M; Series A $1.4M–$17M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $138M in 2021

Portfolio highlights

  • Apex Laser — Apex Laser is a company that focused on the research and development of semiconductor laser equipment that offers laser processing solutions for materials that are ultra-thin, ultra-hard, brittle, flexible, or composite.
  • Itanium Innovation — Itanium Innovation is a technology company providing integrated integration solutions for distributed edge computing microdata centers.
  • Xinghong Technology — Xinghong Technology focuses on the research, development, and manufacturing of CNC machine tools and core components, with its business spanning mechanical and electrical equipment, precision manufacturing solutions, industrial automation systems, and advanced machinery services for a wide range of industries.
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Hony Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Restaurants startups

Founded in 2003, Hony Capital is a pioneer in China’s home grown private equity industry. Sponsored by Legend Holdings, a leading Chinese conglomerate, Hony has blazed the trail in formulating private equity investment strategies suitable for Chinese conditions by combining a deep understanding of local environment and people with global resourcesand international best practices. Today, with over USD 6.8 billion in assets under management across 7 funds and investments in over 60 companies, Hony is a leading China-focused private equity firm.Adhering to the “value creation” investment philosophy, Hony partners with managers and entrepreneurs to build their businesses into sustainable leaders in respective industries. Hony focuses on sectors where it has developed expertise: pharmaceuticals and healthcare, consumer & retail, media & entertainment, financial services, construction materials, machinery, and alternative energy & resources

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Investment focus

  • Industry: E-Commerce, Biotechnology, Food and Beverage
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 73
  • Round size: Series A $6.4M–$390M; Series B $3.8M–$76M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • DaXiao Robotics
  • LaNova Medicines — LaNova Medicines is a clinical-stage innovative drug research and development company. The company focuses on the unmet therapeutic needs in the field of tumor immunity and tumor microenvironment and focuses on the research and development of "world's first" and "best-in-class" potential bio-innovative drugs.
  • Zhongguancun Shuimu Medical Technology — Shuimu Medical is a third-party professional medical device inspection and testing institution.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Jinding Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Restaurants startups

Jinding Capital is a leading industrial equity investment institution in China.

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Investment focus

  • Industry: Manufacturing, Health Care, Robotics
  • Stage:Series A, Seed, Series B
  • Geography: China

Investor stats

  • Total investments: 79
  • Round size: Seed $1.4M–$42M; Series A $1.4M–$30M; Series B $7.1M–$57M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Himiao — Himiao is a pet industry-focused company that offers pet items. its aim to create a healthier and happier life for pets and pet lovers.
  • Linghou Robotics — Linghou Robotics is a core component supplier focusing on intelligent manufacturing and industrial automation, integrating R&D , production, sales and service.
  • Blue Vector Intelligent — Blue Vector Intelligent is a company primarily engaged in software and information technology services, specializing in the development of intelligent software solutions, data-driven platforms, and digital transformation technologies.
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Zhenshun Jijin
VC Fund · Beijing, Beijing, China · 2 investments in China Restaurants startups

Zhenshun Jijin is an early-stage investment fund.

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Investment focus

  • Industry: Internet, E-Commerce, Health Care
  • Stage:Angel, Series A, Seed
  • Geography: China

Investor stats

  • Total investments: 17
  • Round size: Seed $1.4M–$2.8M; Angel $425k–$4.3M; Series A $1.4M–$3M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Yeting — Yeting is a media company that specializes in the production of audio content.
  • Move Laser — Move Laser It involves the development, manufacturing, and production of wind lidar systems. advocate for using lidar equipment to measure wind in the wind energy sector. has a large-scale and batch-scale wind-measuring lidar production line. produces, manufactures, and provides data services for wind lidar systems. Its products are mostly used inmeteorology, aviation, and wind power.
  • Kuai Xing Fang — Just for health provides doctors with clinical drug decision-making services. Their products include clinical pharmacy management software, prescription risk monitoring software, and regional rational drug use software.
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Liuyi Touzi
VC Fund · Nanjing, Jiangsu, China · 2 investments in China Restaurants startups

Liuyi Touzi is an angel investment firm that engages in early investment in the fields of internet, smart equipment and new materials.

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Investment focus

  • Industry: EdTech, Energy, Consumer
  • Stage:Seed, Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 6
  • Round size: Angel $450k–$473k
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Xiaoge — Xiaoge Smart is a cutting-edge technology company that combines R&D, manufacturing, sales, and online and offline after-sales support for smart kitchen equipment for restaurants. It employs Internet of Things technology to enable the intelligent update of restaurant kitchens and to provide intelligent restaurant kitchen solutions.
  • MC Magic Craftsman — MC Magic Craftsman is a luxury care services company.
  • Lingdong Technology — Lingdong Technology is a provider of new energy thermal management systems, specializing in the development of thermal management systems for energy-efficient vehicles, as well as the production and manufacturing of controllers for thermal management systems and other related products.
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Meridian Capital Asia
VC Fund · Shanghai, Shanghai, China · 2 investments in China Restaurants startups

Meridian Capital Asia was founded in Singapore in 2008 and has launched nine funds with a total of over 1.5 billion US dollars raised since. It has invested in more than 280 startups, with many notable exits, and has focused on areas such as deep tech, artificial intelligence, robotics, cloud, SaaS, enterprise, advanced manufacturing, renewableenergy, new material, semiconductors, agri-tech, education, internet, and new media, etc. All its partners are from either Singapore, Australia, the US or UK, with extensive experience and knowhow in all technology sectors. Meridian has offices in Singapore, Silicon Valley, Shanghai and Beijing and its investments cover geographies such as SEA, China, US, Mid-east, Japan, and Europe.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Series A, Angel, Series B
  • Geography: China, Latvia, Hong Kong

Investor stats

  • Total investments: 140
  • Round size: Angel $425k–$14M; Series A $425k–$16M; Series B $1.7M–$28M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Hanhai Energy — Hanhai Energy is dedicated to explore the science and technology to accelerate the commercialization of fusion energy.
  • Keyou Network — Data processing service provider
  • Xiaoneng Technology — Xiaoneng Technology is a company that provides online customer service solutions for e-commerce websites. Committed to providing real-time shopping guide and online customer management system LiveCRM for all online transactions and online display products and services, affiliated to Beijing Nengtong Tianxia Network Technology Co., Ltd.
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Vision Knight Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in China Restaurants startups

Vision Knight Capital Fund I,L.P. (hereinafter referred to as“VKC”) is a private equity fund focusing mainland China’s retail/consumer, internet and e-commerce sectors.At VKC, we have successfully integrated operation experts and investment experts to form a unique team. Our team consists of China’s top corporate senior managements andinvestment professionals with years of operation and investment experience. They have specialized industrial expertise and outstanding operation performance in China’s internet, e-commerce and retail sectors. In addition to the capital investment to the portfolio company, VKC’s unique operation and investment team also provide real value added services such as operation enhancement and business model transformation/upgrade, with the vision to enhance the portfolio company’s core value and in return be recognized in the capital market.

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Investment focus

  • Industry: Manufacturing, Artificial Intelligence, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: China, Malaysia, Thailand

Investor stats

  • Total investments: 63
  • Round size: Seed $2.8M–$10M; Series A $11M–$72M; Series B $3M–$80M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Deep Robotics — Deep Robotics specializes in the application of the global quadruped robot industry. The founding team is rooted in Zhejiang University and has more than ten years of robotics research and development background. It is a high-tech company that attaches great importance to research and development and takes core technology as its maincompetitiveness. Sunshine has mastered the key core technology of quadruped robot motion control and has a number of independent and controllable intellectual property rights. The self-developed "Jueying" series of robots have reached the advanced level among similar products in the world and has been the first to be put into use in electric power, tunnel, fire protection, security, and other fields. Since its establishment in 2017, Yunshen has completed the R&D and sales layout of four series of products conducted multiple rounds of financing and built a complete organizational system. With the increasingly mature application of the quadruped robot industry, the company has entered a channel of rapid development.
  • Sifei Intelligence — Sifei Intelligence is a technology company focused on developing AI application software. It specializes in AI application-level research and development and aims to deliver intelligent solutions across multiple industries.
  • Shouxing Technology — AheadForm is pioneering the development of realistic humanoid robots designed to revolutionize human-robot interaction. Our current focus is on creating sophisticated humanoid robot heads that can express emotions, perceive their environment, and interact seamlessly with humans. By combining cutting-edge AI and advanced robotics, we aim to bring life to machines and transform the way humans engage with technology.
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Jiangzhen Venture Capital
VC Fund · 2 investments in China Restaurants startups

Jiangzhen Venture Capital is an investment firm.

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Investment focus

  • Industry: Restaurants, Catering, Craft Beer
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tagsiu — Tagsiu is a restaurant and tavern brand specializes in high-quality brewing.
  • TAGSIU Craft Beer Restaurant — TAGSIU Craft Beer Restaurant is a specialized self-service sales system designed specifically for catering businesses and pub brands, focusing on the efficient and innovative distribution of craft draft beer.
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Luminous Ventures (former Lightspeed China Partners)
VC Fund · Shanghai, Shanghai, China · 2 investments in China Restaurants startups

Lightspeed China Partners was founded in 2011 as an independent venture capital group and began operating as Luminous Ventures in November 2025. Luminous Ventures is a leading venture capital firm serving entrepreneurs as a lead investor in early stage and emerging growth companies. It has offices in Shanghai,Beijing and Hong Kong.

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Investment focus

  • Industry: Manufacturing, Internet, Software
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 162
  • Round size: Seed $4M–$28M; Series A $2.9M–$86M; Series B $10M–$110M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $111M in 2023

Portfolio highlights

  • Hesai Technology — Hesai Technology is a global leader in lidar solutions for ADAS and autonomous mobility. As an expert in lidar technology, we empower the next generation of robotics with reliable, high-performance lidar sensors. Our solutions improve reliability for ADAS, autonomous vehicles, trucking, robotics, and industrial applications. We strive to improve safety and performance for the future of the automotive industry with advanced lidar technology that delivers high-resolution 3D perception. Learn more about the work Hesai does as a leading lidar manufacturer by visiting our website or contacting our team today.
  • Laiye — Laiye's innovative Work Execution System(WES) and best-in-class Intelligent Automation (IA) platform, solutions, and products are making your businesses and workforce future-ready.
  • Hanshow Technology
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Kushu Brewery
VC Fund · 2 investments in China Restaurants startups

Kushu Brewery is an investment firm.

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Investment focus

  • Industry: Restaurants, Catering, Craft Beer
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tagsiu — Tagsiu is a restaurant and tavern brand specializes in high-quality brewing.
  • TAGSIU Craft Beer Restaurant — TAGSIU Craft Beer Restaurant is a specialized self-service sales system designed specifically for catering businesses and pub brands, focusing on the efficient and innovative distribution of craft draft beer.
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Plum Ventures
VC Fund · Changzhou, Zhejiang, China · 1 investments in China Restaurants startups

Plum Ventures is a venture capital company that aims to encourage young people to become entrepreneurs. It specializes ins providing seed and early-stage investments in the technology, new media, and telecommunications industry. The firm was founded in May 2014 and is based in Changzhou, China.

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Investment focus

  • Industry: E-Commerce, Manufacturing, Software
  • Stage:Series A, Angel, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 193
  • Lead/follow: no public data

Portfolio highlights

  • Huimaiche — Huimaiche is a company that provides full-chain solutions for new retail in the automotive industry. It is an Internet-based high-tech company that combines online system development, brand management, full-brand automobile sales, aftermarket integration, and new retail in life.
  • HPY Sorting — HPY Sorting manufactures environmentally friendly, cost-cutting, efficient intelligent ore sorting machines. HPY Sorting focuses on applications of machine vision technology to improve and provide innovation in ore sorting.
  • MEDSINGLONG — MEDSINGLONG is engaged in the medical equipment supply chain business.
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Dayone Capital
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Restaurants startups

Dayone Capital is a multi-stage consumer specialist investment manager

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Investment focus

  • Industry: Battery, Manufacturing, Renewable Energy
  • Stage:Series A, Seed, Series B
  • Geography: China, United States

Investor stats

  • Total investments: 9
  • Lead/follow: no public data

Portfolio highlights

  • Guangjing Energy — Guangjing Energy is a perovskite solar cell module developer, dedicated to the R&D of long-life large-area perovskite solar cell modules.
  • Dehu Coating Film — Dehu Coating is an equipment manufacturing company that specializes in precise film forming technology R&D, manufacture, and sales.
  • Enpower Greentech — Enpower Greentech manufactures advanced batteries to power the green economy and reach net-zero, carbon reduction goals.
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Loyal Valley Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Restaurants startups

Loyal Valley Capital is a thematic, research-driven private equity firm.

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Series C, Series B, Series A
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 94
  • Lead/follow: no public data

Portfolio highlights

  • DP Technology — DP Technology is a global leader in the "AI for Science" research paradigm, where AI learns scientific principles and data, then tackles key challenges in scientific research and industrial R&D.DP's commitment to interdisciplinary research has led to the creation of the DP "Particle Universe", an array of pre-trainedlarge science models designed to bridge foundational research with practical industrial applications. DP's software suite includes the Bohrium® Scientific Research Space, Hermite® Computational Drug Design Platform, RiDYMO® Dynamics Platform, and Piloteye® Battery Design Automation Platform. Together, these platforms form a robust foundation for industrial innovation and an open ecosystem for AI in science, fostering advancements in key areas such as drug discovery, energy, material science, and information technology.
  • DP Technology — Deep Technology uses a new generation of molecular simulation technology to tackle micro-scale industrial design difficulties. Founded in 2018 and is based in Beijing China.
  • Core Medical Technology — Core Medical Technology is a technology enterprise mainly engaged in the research, production, development, and sales of implantable left ventricular assist devices, extracorporeal ventricular assist devices, percutaneous interventional ventricular assist devices, and equipment. The company was founded in 2016 and is based in Shenzhen, China.
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Intelligent Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Restaurants startups

Intelligent Capital is a private equity investment fund.

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Investment focus

  • Industry: Food and Beverage, E-Commerce, Restaurants
  • Stage:Angel, Series B, Post-IPO Equity
  • Geography: China

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • INCAKE — INCAKE is an online platform to buy cake and dessert.
  • Huasheng Intelligent — Huasheng Intelligent offers overall intelligent manufacturing solutions to customers. Its operations include system integration and intelligent equipment research and development, design, manufacturing, sales, and service.
  • Niu Shuang Shuang Beef Hotpot — Niu Shuangshuang is positioned as a community hot pot, aiming at the hot pot track in China's huge sinking market. Niu Shuangshuang's products are mainly based on unique hot pot bases and high-quality wagyu beef. It integrates the advantages of the supply chain and accurately locates community stores with high repurchase, high viscosityand multiple scenes. Model, single store monthly sales and excellent performance. The Niu Shuangshuang brand can not only meet the consumption upgrade of third- and fourth-tier cities, but also meet the trend of first- and second-tier cities, aiming to become the main consumption at present.
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Wanxing Fund
VC Fund · 1 investments in China Restaurants startups

Wanxing Fund is an investment fund.

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Investment focus

  • Industry: Restaurants, Manufacturing
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Xiaoge — Xiaoge Smart is a cutting-edge technology company that combines R&D, manufacturing, sales, and online and offline after-sales support for smart kitchen equipment for restaurants. It employs Internet of Things technology to enable the intelligent update of restaurant kitchens and to provide intelligent restaurant kitchen solutions.
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Zhou Hongbiao
Angel · 1 investments in China Restaurants startups

Zhou Hongbiao is the founder of Zhou Mapo

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Investment focus

  • Industry: Restaurants, Wine and Spirits, Food and Beverage
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Beer Halo Man — Beerbitt Man is a new catering chain brand, which combines the national supply chain of Tsingtao Brewery's craft beer.
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Liepin
VC Fund · Beijing, Beijing, China · 1 investments in China Restaurants startups

Liepin is the largest and most professional high-end talent community-based recruitment site, with its innovative products and unique service model model for create an interactive high-end talent recruitment platform between business, headhunting and workplace. Tens of thousands of professional executive search consultant for businesses and jobseekers set up communication between the bridge and accelerate corporate recruitment process, recommended paying jobs in the workplace, career development planning. 16 job seekers to avoid the risk of privacy protection, millions of high-end elite member libraries, help enterprises development needs.

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Investment focus

  • Industry: Retail, Employment, Recruiting
  • Stage:Seed, Angel
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • COOOOK — COOOOK is a exotic cuisine brand.
  • HAPPYJOB.COM — HAPPYJOB.COM is a part-time job platform that provides part-time job opportunities for college students.
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Joyvio Group
VC Fund · Beijing, Beijing, China · 1 investments in China Restaurants startups

Joyvio Group is a Legend Holdings portfolio company whose primary business is investment and operations in the modern agriculture and food industries.Joyvio Group is the largest end-to-end fruit company of its kind in China. They havelarge-scale farming operations in China and abroad, industry-leading breeding programs, engineering andtechnology offices, sorting and processing facilities, cold chain and logistics hubs and arobust branding and marketing network. At the same time, They are investing and building Their business in the tea and wine industries.The Joyvio Group now includes Joyvio (Qingdao) Fruits Company Ltd., Joyvio (Qingdao) Modern Agribusiness Company Ltd., Qingdao Wallen Blueberry Co Ltd., Wallen Agriculture Company Ltd., Wallen (Qingdao) Food Company Ltd., Sichuan Zhongxin Agricultural Technology Company Ltd., Hangzhou Longguan Company Ltd., Joyvio (Anhui) Modern Agribusiness Company Ltd., Beijing HuaxiaLiancheng Fruit Company, ZhouzhiLiancheng Company Ltd., YanglingHuaxiaLiancheng Company Ltd., and XixiaHuaxiaLiancheng Fruit Company Ltd.

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Investment focus

  • Industry: Food Processing, Biotechnology, Food and Beverage
  • Stage:Series A, Angel
  • Geography: China

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • CellX — Creating a sustainable and humane future through cellular agriculture
  • Jimi Bio — Jimo Bio is a research and development company of cell-cultured meat.
  • Ma Zhua Zhua — Ma Zhua Zhua is a cold-salted catering chain and a brand that makes chicken dishes with signature spicy and hot and sour chicken feet.
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Jinyi Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Restaurants startups

Jinyi Capital is an investment firm that provides asset management, investment management and consulting services.

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Investment focus

  • Industry: Health Care, Cosmetics, Biotechnology
  • Stage:Series B, Seed, Series C
  • Geography: China

Investor stats

  • Total investments: 11
  • Lead/follow: no public data

Portfolio highlights

  • Metanovas Biotech — Metanovas is a metabolic drug developer focused on combining artificial intelligence with life sciences, using deep learning.
  • Shanghai Auntie — Shanghai Auntie is a tea company dedicated to providing young people with healthy, delicious, and affordable Wugu tea.
  • Artivila Therapeutics — Artivila Therapeutics is a pharmaceutical company focused on improving patient's lives through an AI-powered drug discovery engine. The company is committed to discover the best therapeutical solutions to neuro-degenerative diseases, cancers, and autoimmune diseases empowered with an integrated AI-driven innovative drug discovery platform,providing first-in-class new molecules consistently and efficiently.Artivila Therapeutics was founded in 2018 and is based in ShenZhen, China.
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BA Capital
VC Fund · Jingan, Shanghai, China · 1 investments in China Restaurants startups

BA Capital is a venture capital firm focused on the consumer sector.

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Investment focus

  • Industry: Food and Beverage, Retail, E-Commerce
  • Stage:Series B, Series A, Seed
  • Geography: China, Spain

Investor stats

  • Total investments: 27
  • Lead/follow: no public data

Portfolio highlights

  • KDHY Foods — KDHY Foods is a company that specializes in manufacturing processed fruit and potato products. KDHY Foods involves producing canned, frozen, or dried fruits, as well as processed potato goods such as frozen fries, chips, and mashed potato products.
  • Laopu Gold — Laopu Gold is an ancient handmade goldware brand that produces jewelry using ancient handmade gold.
  • Snack Is Busy — Snack Is Busy is a snack food chain industry. They mainly open stores in the community to create a chain brand of snacks at the doorstep of ordinary people, which is even closer to their lives.
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Zhuhai Hengqin Shijing Touzi Hehuoqiye (Limited Partnership)
VC Fund · Zhuhai, Guangdong, China · 1 investments in China Restaurants startups

Zhuhai Hengqin Shijing Touzi Hehuoqiye (Limited Partnership) is an investment firm.

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Investment focus

  • Industry: Tea, Consumer, Health Care
  • Stage:Series B
  • Geography: China

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • 51 Home service — 51 Home service is a housekeeping service provider company.
  • Shanghai Auntie — Shanghai Auntie is a tea company dedicated to providing young people with healthy, delicious, and affordable Wugu tea.
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D1M
VC Fund · Shanghai, Shanghai, China · 1 investments in China Restaurants startups

D1M is a digital retail service provider for global brand owners. They provide digital retail services that include go-to-market consulting, e-commerce IT setup, digital marketing, multi-platform e-store operation, omni-channel CRM integration, logistic planning, and warehouse operation. The company's qualified and multilingual workforce worksto enable brand owners to complete their worldwide digital retail footprints.

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Investment focus

  • Industry: Catering, Restaurants, Food and Beverage
  • Stage:Angel
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Tagsiu — Tagsiu is a restaurant and tavern brand specializes in high-quality brewing.
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Pfaff Star
VC Fund · 1 investments in China Restaurants startups

Pfaff Star is an investment firm.

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Investment focus

  • Industry: Catering, Restaurants
  • Stage:Angel
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Gie Liangshou — Gie Liangshou is a cutting-edge catering company that specialized on gie ge pot. Gie Liangshoua is a classic of cantonese cuisine, while Ge Ge pot is an emerging genre in cantonese mini dinners.
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Yiyi
VC Fund · Chongqing, Heilongjiang, China · 1 investments in China Restaurants startups

Yiyi focuses on the investment in the internet, IoT, enterprises services, consumption upgrading industry and so on.

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Investment focus

  • Industry: E-Commerce, Information Technology, Software
  • Stage:Angel, Seed, Series A
  • Geography: China

Investor stats

  • Total investments: 13
  • Lead/follow: no public data

Portfolio highlights

  • MBTECH.CN — MBTECH.CN develops an omnichannel big data integrated marketing solution. MBTECH.CN provides enterprises with a SaaS platform that helps customers to effectively evaluate the real ROI of each marketing channel and optimize cross-channel marketing funds, and in-channel effects.
  • Huiyangche — Huiyangche is online-to-offline car maintenance service provider based in China.
  • Robotphoenix — An industrial robot manufacturer in China
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Cyanhill Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Restaurants startups

Cyanhill Capital is an early stage investment firm focusing on consumer sector. We aim to discover quality seed-stage startups in the consumer sector. Portfolio companies include Zhaoliangji, pidan, REFLOWER, bosie, LANDBASE, UCOMMUNE, Benlai, X Financial (NYSE: XYF), UISEE, etc. By adopting scientific approach to investing and focusing on consumersector, we uphold the vision of being an “investor in better life” and will partner with the entrepreneurs of China’s new economy.

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Investment focus

  • Industry: E-Commerce, Software, Food and Beverage
  • Stage:Seed, Angel, Series A
  • Geography: China, Germany

Investor stats

  • Total investments: 24
  • Lead/follow: no public data

Portfolio highlights

  • Lemmo — Lemo blends the joy of cycling simplicity with tech-driven.Taking light electric mobility to a new level.Bring you a unique life experience.
  • cheespirit — cheespirit is a cheese and dairy product brand that focuses on R&D and cheese production.
  • Red-crowned crane study abroad — Red-crowned crane study abroad is a full-chain study abroad product and service provider.
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Huaying Capital
VC Fund · Changning, Shanghai, China · 1 investments in China Restaurants startups

Huaying Capital is a venture capital firm focuses on deep insight of Internet industry.

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Investment focus

  • Industry: Information Technology, Software, Manufacturing
  • Stage:Series A, Series B, Seed
  • Geography: China, Japan, Hong Kong

Investor stats

  • Total investments: 69
  • Lead/follow: no public data

Portfolio highlights

  • Magic Atom — Magic Atom is a robotics company that specializes in the development and application of robots and embodied intelligent technologies.
  • Lingyu Intelligence — Lingyu Intelligence engages in the manufacturing and sales of industrial robots, intelligent robots and service consumer robots.
  • Guorui New Materials — Guorui New Materials produces special graphite and provides supporting products for high - temperature gas cooled reactor nuclear fuels.
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Zero2IPO Ventures
VC Fund · Beijing, Beijing, China · 1 investments in China Restaurants startups

Zero2IPO Ventures is the venture investment arm under Zero2IPO Group targeted at high-potential, high-growth China enterprises. Leveraging Zero2IPO's vast network in China, Zero2IPO Ventures does not compete with other venture funds, but rather pursue a two-prong investment strategy, i.e. to co-invest with active venture capital firms ingrowth and late stage companies and to lead or co-lead in early stage startups in China. The industry focus includes Internet, mobile and wireless applications, digital media, healthcare, green-tech, consumable products and services, as well as other emerging sectors. We intend to leverage the extensive network that has been created by Zero2IPO Group, a leading venture capital and private equity market research and financial advisory company, to seek out potential investment opportunities and provide a strong value-add to our portfolio companies. Through its venture capital and private equity surveys, investment forums, training programs, and investment advisory services, Zero2IPO Group has developed a strong reputation in the China market for helping entrepreneurs connect with investors.

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Investment focus

  • Industry: E-Commerce, Internet, Education
  • Stage:Series A, Series B, Angel
  • Geography: China, Taiwan, India

Investor stats

  • Total investments: 86
  • Round size: Angel $142k–$1.4M; Series A $1.4M–$29M; Series B $2.9M–$42M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $40M in 2014

Portfolio highlights

  • Makera — Makera builds the smartest desktop CNC machines for makers. Explore our Carvera series, versatile mill routers, and rich case templates for every project.
  • Xuntu Technology — Xuntu Technology is a leading data intelligence provider specializing in investment research and decision-making solutions.
  • Ruidong New Energy — Ruidong New Energy provides power systems for new energy and electric vehicles. The company specializes in the design and manufacture of power systems for new energy and energy-efficient automobiles.
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Light-Up Capital
VC Fund · Tianjin, Guangdong, China · 1 investments in China Restaurants startups

Lighting Investment is an investment organization focused on the angel investments.

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Investment focus

  • Industry: Retail, Software, Health Care
  • Stage:Series A, Angel
  • Geography: China

Investor stats

  • Total investments: 6
  • Round size: Series A $7.1M–$10M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • SoupMaster — SoupMaster is a Chinese restaurant chain and retail brand. It provides various nutritious soups for pregnant women, patients with a demand for health recuperation, and other people pursuing high-quality life.
  • Orange Dental — Shanghai based Healthcare company.
  • Jodell Robotics — Jodell develops intelligent robotic equipment designed to serve in automotive and logistics industries.
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Fortune Venture Capital
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Restaurants startups

Fortune Capital, established in April, 2000, is one of the earliest market-oriented venture capital firms in China. For the past 14 years, Fortune Capital focus its investments on leading companies in four key sectors: TMT (Media oriented), Consumer Goods/Services, Modern Agriculture and Clean Tech.Fortune Capital is ranked among thehighest performing VC/PE firms in China and selected as "Vice President of Venture Capital Committee of IAC," "Vice President of Shenzhen VC Association," "Vice President of Shenzhen Chamber of International Investment & Funding," etc.In addition to providing capitals, Fortune Capital provides its investee companies with personalized value-added services.

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Investment focus

  • Industry: Manufacturing, Software, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: China, Japan, United States

Investor stats

  • Total investments: 266
  • Round size: Seed $425k–$73M; Series A $1.4M–$42M; Series B $2.8M–$56M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: May invest from a new fund soon — raised $780M in 2021

Portfolio highlights

  • Sandstone — SandStone is a product, solution and service provider focused on next-generation data storage (ServerSAN), which is dedicated to helping users cope with data storage, traffic and data management complexity, helping users build storage virtualization and Computation of virtualization as the core cloud computing infrastructure environment, andgradually provide data processing, mining, analysis and intelligence in the field of big data professional systems and services.
  • Meiwei Dental Group — Meiwei Dental Medical Group is affiliated to Tianyi Group and is committed to opening up the overall health management of the whole people from the prevention, opening up to create the “China's first platform for oral medicine”, and through strategic investment, standard output, medical technology improvement and brand management as excellentin China. Oral medical brands and experts empower and achieve personalized development, and jointly promote the rapid development of the private dental health industry. Meiwei Dental cooperates with DNV GL, an internationally recognized certification body, to establish the first internationally-advanced dental clinic management system and medical standard “M+” management certification, and empowers partners through the construction of “five-one-one license”. Achieve scientific research and innovation and talent cultivation academicization, based on SaaS cloud platform informationization, medical and therapeutic environment comfort, medical service specialization, consumables and equipment refinement. Through the introduction of the "business partner" mechanism, the company has created a "stable and win-win" community of destiny, with the principle of complementarity and mutual integration, and the cooperation of partners in the medical capital, talent, technology, market, management and other dimensions. Carry out all-round empowerment. At present, Meiwei has invested in the acquisition of Weile Dental, Xinqiao Oral, Zhongshan Oral, DUANG DUANG Children's Oral, Meier Oral, Love Tooth, Hanmei Oral, Zhimei Dental, Tsinghua Sunshine Oral, Houcheng Oral, Hengmei Oral, Small The White Rabbit has a total of 12 dental chain brands covering 35 cities and 130 dental hospitals and clinics.
  • Chance Pharmaceuticals — Chance Pharmaceuticals provides, discovers, develops, and commercializes inhalation therapies for the world’s debilitating diseases such as chronic obstructive pulmonary disease, asthma, pulmonary arterial hypertension, and central nervous system disorders.
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National SME Development Fund
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Restaurants startups

China set up a special fund of RMB60 billion (US$9.4 billion) to support small and medium-size enterprises (SMEs) in the country. This fund, under a public–private partnership structure, will focus on providing early-stage and growth capital to small and medium-size enterprise across China.Shenzhen Capital Group, which won the mandate tomanage the vehicle after winning a public auction, has established a new team to manage the fund. The members of this team are not allowed to work for the company's other funds.The national small and medium-size enterprises development fund will operate independently, free from government influences, says the reports.

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Investment focus

  • Industry: Health Care, Information Technology, Manufacturing
  • Stage:Series A, Series B, Series C
  • Geography: China

Investor stats

  • Total investments: 22
  • Round size: Series A $1.5M–$30M; Series B $17M–$64M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Pixmoving — PIX Moving develop and manufacture the next-gen smart vehicles powered by its proprietary Ultra-skateboard chassis platform. PIX is an innovator and global leader of groundbreaking smart connected vehicles. Based on the research and development of PIX Ultra-skateboard chassis platform, a wide range of purpose-built robo-vehicles, commercialvehicles and passenger cars can be built and developed. Currently PIX products have expanded to 20 countries around the world and the company is growing rapidly. With the modular architecture, PIX products are more smart and flexible, covering 30+ application scenarios worldwide, which makes PIX a full-stack autonomous driving company with the most versatile scenario solutions. Moreover , PIX has developed the award-winning large-scale in-house metal 3D printing system, the dieless forming system as well as the real-time manufacturing. Combined with its patented vehicle generative design algorithms, PIX is capable of reducing vehicle parts and the assembly work by 70%, which enables easier maintenance and meanwhile disrupts the automotive industry from design to manufacturing, beaconing the next-generation of smart vehicle production.
  • Proviva Therapeutics, Inc — Prodrug design platform for cytokines and other fusion proteins
  • Technological Innovation — Technological Innovation is a provider of brain-computer interface (BCI) technology research and development, as well as application services.
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Fosun International
VC Fund · Shanghai, Shanghai, China · 1 investments in China Restaurants startups

Fosun International Limited is a Hong Kong-based investment holding company engaged in financial, property, steel, and healthcare businesses. The Company has nine segments. Insurance operates and invests in insurance businesses. Investment is engaged in strategic investment, private equity investment, venture capital investment, and secondarymarket investment.Fosun International Limited was founded in 1992.

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Investment focus

  • Industry: Health Care, Manufacturing, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Israel

Investor stats

  • Total investments: 121
  • Round size: Series A $1.4M–$16M; Series B $4M–$35M; Series C $4.3M–$97M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • ROBOT++ — Robot++ is a research and development of intelligent robots company.
  • Tong Tong Pay — Tong Tong Pay has a financial payment system and has developed payment products such as fast payment, online banking payment, account payment, certified payment, and prepaid card payment. It is a financial payment service provider. For inquiries, email, telephone numbers, and physical addresses are available on their website.
  • Digital Asset Clearing Center — DACC's technology links blockchain networks with conventional payment infrastructure, such as China's Cross-Border Interbank Payment System (CIPS), to offer clearing and settlement services for tokenized assets.
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Volcanics Venture
VC Fund · Changning, Shanghai, China · 1 investments in China Restaurants startups

Volcanics Venture was founded in May 2016. They identify, invest in, and serve the most promising companies and outstanding entrepreneurs in Internet Innovation, Intelligent Technology and Healthcare industry. Managing Partners Suyang Zhang, Yeshun Dong and Ying Wu have been working closely for years as first-class USD/RMB fund managers.They have more than 60 years of aggregated VC investment and corporate management experience, as well as in-depth understanding of three focused fields. Volcanics Venture brings a powerful combination of global perspective and local experience to investment management, striving to provide sustainable value-added service to their portfolio companies and bring superior return to their limited partners.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Biotechnology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 102
  • Round size: Seed $350k–$17M; Series A $425k–$21M; Series B $5.7M–$60M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $73M in 2018

Portfolio highlights

  • Huleen — Huleen is committed to opening up application boundaries and bringing together more information.
  • Unisic — Unisic designs and manufactures silicon carbide core power components. Unisic develops sets of products based on silicon carbide and has applied silicon carbide power modules to aviation, new energy power generation, high-end medical care, oil exploration, lighting, new energy vehicles, data centers, and other important fields.
  • EVAS Intelligence — EVAS Intelligence is an autonomous driving chip startup. The company was founded by Liu Hui.
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Black Ant Group
VC Fund · Jingan, Shanghai, China · 1 investments in China Restaurants startups

Black Ant Capital specializes in brand hatching, design development, new retail, and financial investment as the major strategic orientation in multiple industry chains. It has invested in well-known brands such as HEYTEA, SMART BEES, Jiang Xiaobai, 36KR, CYO, BANDGEWOOD, Kuaikan, and Xinyi Logistics. The total amount exceeds 2 billion CNY.

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Investment focus

  • Industry: Retail, Food and Beverage, Tea
  • Stage:Series A, Series B, Angel
  • Geography: China

Investor stats

  • Total investments: 7
  • Round size: Series A $14M–$65M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Oladance — We are oladance, a group of enthusiasts who strive to create truly transformative wearable audio products. We have more than a decade of experience in the audio industry. As the first technicians on ANC, we aim to be pioneers in the audio industry.
  • Seesaw Coffee — Seesaw Coffee provides unique coffee experiences to the communities.
  • Hanyang Technology — Hanyang Technologies is a company that specialises in the design, research, development, manufacturing, sales, and servicing of garden intelligent robot products.
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SR Capital
VC Fund · Suzhou, Jiangsu, China · 1 investments in China Restaurants startups

SR Capital is a venture capital firm that invests in the start-up and growth stages of technological innovation enterprises. The firm was founded in Suzhou, Jiangsu in 2013.

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Investment focus

  • Industry: Manufacturing, E-Commerce, Semiconductor
  • Stage:Series A, Angel, Series B
  • Geography: China, United States

Investor stats

  • Total investments: 46
  • Round size: Angel $425k–$1.4M; Series A $1.4M–$14M; Series B $14M–$43M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Jitian Xingzhou — Jitian Xingzhou is a commercial aerospace company that provides optical main payloads in batches as one of its primary operations.
  • Suzhou IPSoar Microelectronics — Suzhou IPSoar Microelectronics develops and provides basic and memory IP semiconductors and memory compiler tools and systems.
  • Changzhou Fuxing Mechanical and Electrical Co. — Changzhou Fuxing Mechanical and Electrical Co. manufactures servo, brushless DC, and hybrid stepper motors.
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IDG Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Restaurants startups

IDG Capital is a global investment firm partnering with founders to build enduring businesses through capital, expertise, and long-term support.

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Investment focus

  • Industry: Software, Internet, E-Commerce
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, India

Investor stats

  • Total investments: 745
  • Round size: Series A $3M–$122M; Series B $8.3M–$141M; Series C $15M–$200M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Yuantiku — Yuantiku is a Chinese online education product launched by Beijing Fenbi Lantian Technology Company Ltd.Yuantiku has launched material for the National College Entrance Exam, administrative aptitude tests, essay tests for civil servants, entrance exams for postgraduates, first-level constructor exams, law counselor of enterprises exams, junioraccountant exams, securities qualification exams, and more.Yuantiku is an exercise database that provides authoritative contents of previous years' examinations for students. Based on the knowledge level of students, it can also provide tailored exercises to improve their efficiency. It offers computer-based exercises as well as smartphone-based exercises.
  • Bivision — Biovision Pharma is a biomedical enterprise focusing on the research and development of targeted radiopharmaceuticals (TRT) integrated with visual diagnosis and treatment.
  • Xingxing Charging — Xingxing Charging provides safe and intelligent charging services.
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Oriza Seed Capital (Oriza Yuandian)
VC Fund · Suzhou, Jiangsu, China · 1 investments in China Restaurants startups

Oriza Seed Venture Capital, located in Suzhou Industrial Park, is held by Suzhou Oriza Holdings Ltd. Oriza Seed is a market-oriented investment platform. It looks for investment opportunities among early-stage and growth-stage enterprises in the fields of Healthcare and TMT. Oriza Seed has ample resources and experiences investing in the healthcarefield. By late March 2016, Oriza Seed has invested in more than 50 healthcare companies, including Ascentage Pharma, Innovent Biologics, and SceneRay Corporation.

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Investment focus

  • Industry: Manufacturing, Health Care, Medical
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 144
  • Round size: Seed $213k–$25M; Angel $425k–$14M; Series A $1.4M–$60M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Huihe Healthcare — Huihe Healthcare specializes in the development of medical devices for structural heart disease. The company was founded in 2019 and is headquartered in Shanghai, China.
  • Stairway Medical — Stairway Medical is a developer of implantable brain-computer interface technology.
  • Xiaolong Technology
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Baidu
VC Fund · Beijing, Beijing, China · 1 investments in China Restaurants startups

Baidu is a search engine that enables individuals to obtain information and finds what they need. Baidu offers functional online search, Tieba community search, industry-based vertical search, mp3 search, portal channels, and instant messaging services. Its products include Baidu Webpage, Baidu Video, Baidu Map, hao123.com, BaiduPedia, Baidu Input,Baidu Toolbar, TTPlayer, Iqiyi, and Sky Software.

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Investment focus

  • Industry: Internet, Software, Artificial Intelligence
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Israel

Investor stats

  • Total investments: 131
  • Round size: Series A $3.5M–$184M; Series B $2.8M–$553M; Series C $14M–$425M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — raised $1.5B in 2017

Portfolio highlights

  • Noumena — Noumena is an AI-powered growth intelligence firm. It focused on brand growth to develop AI agents for marketing decision-making and execution, allowing marketing to transition from depending on human experience to a learnable and evolving intelligent system.
  • True Talents For China (TTC) — True Talents For China (TTC) is a digital and intelligent professional talent service company that provides digital platforms, business platforms, data platforms, enterprise cloud services, and other services.
  • Humanoid Robot Innovation Center — Humanoid Robot Innovation Center develops prototypes of universal humanoid robot bodies.
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Fosun Pharma
VC Fund · Shanghai, Shanghai, China · 1 investments in China Restaurants startups

Fosun Pharma is a biopharmaceutical and healthcare industry. Fosun Pharma has captured opportunities within the rapidly developing Chinese healthcare industry as well as from the globalization of Chinese healthcare companies in general. Fosun Pharma's operations strategically cover several important segments of the healthcare industryvalue-chain, including: pharmaceutical manufacturing, distribution and retail.

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Investment focus

  • Industry: Health Care, Biotechnology, Pharmaceutical
  • Stage:Series A, Seed
  • Geography: China, United States, Israel

Investor stats

  • Total investments: 42
  • Round size: Seed $5.1M–$28M; Series A $1.4M–$17M
  • Lead/follow: 55% lead, 45% follow

Portfolio highlights

  • Primelink Bio — Primelink Bio is a Biotechnology firm that is working to to develop next generation of drug delivery systems.
  • Aomingxingcheng — Aomingxingcheng is a cutting-edge AI4S (AI for Science) technology company.
  • Fosun United Health Insurance — Fosun United Health Insurance provides a wide range of medical insurance, disease insurance, disability income loss insurance, nursing care insurance, and accident coverage. The company is dedicated to providing high-quality products throughout their lifecycle and developing a comprehensive service system to support them.
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DT Capital Partners
VC Fund · Shanghai, Shanghai, China · 1 investments in China Restaurants startups

DT Capital Partners is a private equity investment firm that provides growth capital to early and expansion stage companies. They invest in dynamic businesses that have high growth potential, strong management teams, and demonstrated revenue models in both technology-based and traditional industries. DT Capital Partners currently manages overUSD$500 Million in capital across multiple US dollar and RMB funds, and also has a close affiliation with Madrone Capital in the US, the investment entity for members of the Walton family.In addition to funds, the invested company also benefits from their extensive experience in operating capital markets across the country, close relationships with local governments and companies, and synergies with other investment companies.DT Capital Partners was awarded the “Top 10 China's Best Return Venture Capital Institution” in 2016, and the founding partners of Detong Capital, Shao Jun and Tian Lixin. DT Capital Partner was founded in 2006 and is based in Shanghai, China.

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, South Korea

Investor stats

  • Total investments: 135
  • Round size: Series A $1.4M–$28M; Series B $2.8M–$90M; Series C $16M–$92M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $277M in 2019

Portfolio highlights

  • CiMicro.Ai — CiMicro.ai is an AI‑chip startup building compute‑in‑memory (CiM)‑based heterogeneous accelerators for high‑efficiency, low‑cost large‑language‑model inference.
  • Yincheng Intelligent — Yincheng Intelligent is an enterprise focused on developing new types of productivity. It is committed to revolutionizing traditional labor models through advanced embodied intelligence technology, thereby increasing productivity and freeing up human resources. The company provides services in multiple fields, including logistics, pharmaceuticals,chemicals, industry, and home services, building a new development pattern of smart work and smart living. Its main product is currently sorting robots used in the logistics industry.
  • Matrix Optoelectronics Technology — Matrix Optoelectronics is a quantum computing technology developer that specializes in the research and development of large-scale fault-tolerant superconducting quantum computing technology.
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Innovation and Technology Venture Fund
VC Fund · 1 investments in China Restaurants startups

The HK$2 billion ITVF was set up by the Hong Kong Government with a view to creating a vibrant local innovation and technology eco-systems

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: Hong Kong, China, Singapore

Investor stats

  • Total investments: 33
  • Round size: Seed $250k–$90M; Series A $375k–$14M; Series B $1M–$150M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Varadise — Varadise is a digital twin platform offering technology services, cloud platforms, and business services comprising IoT and AI.
  • LeapXpert — LeapXpert delivers business communication governance and compliance with a platform that ensures secure, compliant messaging across multiple channels.
  • Cornerstone Robotics — Cornerstone Robotics operates to improve the accessibility of high-end medical services in China.
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Joy Capital
VC Fund · Changyang, Beijing, China · 1 investments in China Restaurants startups

JOY CAPITAL invests in startups of both early and growth stages and focuses on TMT and innovative consumption sectors. “Do Hard Things with JOY”. JOY CAPITAL keeps partnering with entrepreneurs for helping them make right decisions at key moments during a startup’s developments and sharing the hardship and joy with them while starting theirbusiness. Founding partners of JOY CAPITAL have invested in more than 80 startups and over 10 portfolios they’ve invested in are unicorns.

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Investment focus

  • Industry: E-Commerce, Food and Beverage, Software
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 108
  • Round size: Series A $1.4M–$39M; Series B $10M–$175M; Series C $50M–$196M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $550M in 2022

Portfolio highlights

  • Yuan Planet — Youdi is a second-hand auto parts trading platform.
  • UniUni — Explore our shipping Universe. Our mission is to be your first-choice for last-mile delivery.
  • Zero One Auto — Zero One Auto is a new energy-efficient heavy-duty truck developer company.Zero One Auto creates new energy-efficient heavy-duty vehicles with advanced autonomous driving characteristics. The first batch of products is separated into two models, with an emphasis on the new energy heavy-duty truck short-distance freight market.
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BAI capital
VC Fund · Beijing, Beijing, China · 1 investments in China Restaurants startups, 8 in the past 12 months

BAI Capital is a leading venture capital fund in China. Since 2008, the team of BAI Capital has invested in more than 200 portfolios, including 17+ IPOs and 40+ unicorns. BAI Capital has two main focuses: China-based global companies and China’s structural transformation. BAI Capital seeks to partner with and empower outstanding Chinese companiesand entrepreneurs that can leverage the multiplier effect of China’s technology, talent, and supply chain advantages and to expand globally in consumer retail and services, fintech, media and content innovation, Web3 and metaverse. On the other hand, at the turning point of China’s structural transformation, the fund will also seize major cross-cycle disruption opportunities in frontier and infra tech, electric vehicles and autonomous driving, and industrial upgrade driven by enterprise software development.The investor base for BAI Capital includes institutional investors such as sovereign wealth funds, large insurance companies, internet giants and fund of funds globally, as well as Bertelsmann. BAI Capital has its background from Bertelsmann Asia Investments, part of the Bertelsmann Group.

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Investment focus

  • Industry: Software, Internet, Financial Services
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 138
  • Round size: Seed $4M–$45M; Series A $3M–$50M; Series B $14M–$100M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $700M in 2022

Portfolio highlights

  • Waffo
  • ThetaWave AI — Turn lectures into notes, mindmaps, quizzes & flashcards in real-time. Trusted by 50,000+ students from Stanford, MIT & more. Free to try.
  • VelaFi — Galactic Holdings offers a series of digital finance products.
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Restaurants Investor funding in China at a glance

Stats across 125 deals from 182 investors.

182
investors
in China Restaurants startups
125
deals
in China Restaurants startups
$4.8M
median round
in China Restaurants startups
45%
lead investors
lead at least one round
37%
Series A
most common funding stage
98/2
VC / Angel
share of investor count

Access all 182 investors in China Restaurants startups.

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