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Top 50 Restaurants Startup Investors in China (September 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
ZhenFund
VC Fund
5 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Software, E-Commerce $425k–$30M
kaoputou.com
VC Fund
4 China Series A, Venture - Series Unknown, Angel Food and Beverage, Restaurants, Catering $1.6M–$77M
IDG Capital
VC Fund
4 China, United States, India Series A, Series B, Series C Software, Internet, E-Commerce $2.9M–$354M
Tiantu Capital
VC Fund
3 China, United States, Japan Series A, Series B, Seed Food and Beverage, E-Commerce, Health Care $1.5M–$146M
Buhuo Ventures
VC Fund
3 China Series A, Angel, Seed Food and Beverage, E-Commerce, B2B $140k–$16M
Qingsong Fund
VC Fund
3 China, United States, Canada Series A, Angel, Seed Manufacturing, Education, Internet $142k–$28M
Kushu Brewery
VC Fund
2 China Seed Restaurants, Catering, Craft Beer
Weimob
VC Fund
2 China, United States Seed, Series A Software, Information Technology, SaaS
Hony Capital
VC Fund
2 China, United States, Hong Kong Series A, Series B, Seed Biotechnology, Manufacturing, Medical $3.8M–$646M
Zhencheng Capital
VC Fund
2 China, United States, Singapore Series A, Series B, Seed Manufacturing, Software, Information Technology $1.4M–$34M
Jiangzhen Venture Capital
VC Fund
2 China Seed Restaurants, Catering, Craft Beer
Shixinronghe Investment Management
VC Fund
2 China Seed, Angel Restaurants, Consumer Goods, Food and Beverage
Light-Up Capital
VC Fund
2 China Series A, Angel, Series B E-Commerce, Retail, Internet $425k–$10M
Jinding Capital
VC Fund
2 China Series A, Seed, Series B Manufacturing, Health Care, Robotics $1.4M–$62M
Pros Partners
VC Fund
2 China Seed, Angel, Series A Fashion, Artificial Intelligence, Media and Entertainment $433k–$6.3M
MinIPO
VC Fund
2 China Seed Restaurants, Catering, Craft Beer
Li Kanglin
Angel
2 China Seed, Angel, Series A Retail, Social, Catering
Vision Knight Capital
VC Fund
2 China, Malaysia, Thailand Series A, Series B, Seed Manufacturing, Artificial Intelligence, Information Technology $2.9M–$80M
Tencent
VC Fund
2 China, United States, United Kingdom Series B, Series A, Series C Software, Financial Services, Artificial Intelligence $3M–$418M
Zhenshun Jijin
VC Fund
2 China Angel, Series A, Seed Internet, E-Commerce, Health Care $425k–$5M
Luminous Ventures (former Lightspeed China Partners)
VC Fund
2 China, United States, Singapore Series A, Series B, Seed Manufacturing, Internet, Software $3M–$110M
Meridian Capital Asia
VC Fund
2 China, United States, India Series A, Angel, Series B Information Technology, Software, Internet $425k–$62M
Lightspeed Venture Partners
VC Fund
2 United States, India, Israel Series A, Series B, Seed Software, Information Technology, Artificial Intelligence $2M–$125M
Juewei Food
VC Fund
2 China Series A, Angel, Private Equity Food and Beverage, Catering, Food Processing $459k–$16M
Beijing Life Service Industry Development Fund
VC Fund
2 China Angel, Series A Health Care, Restaurants, Consumer Goods
Liuyi Touzi
VC Fund
2 China Seed, Angel, Series A EdTech, Energy, Consumer $450k–$473k
Charles Xue
Angel
1 China Angel, Series A, Seed Internet, E-Commerce, Retail $134k–$11M
DT Capital Partners
VC Fund
1 China, United States, South Korea Series A, Series B, Series C Health Care, Medical, Biotechnology $1.4M–$102M
Innovation and Technology Venture Fund
VC Fund
1 Hong Kong, China, Singapore Series A, Seed, Series B Information Technology, Software, FinTech $250k–$150M
Joy Capital
VC Fund
1 China, United States, Canada Series B, Series A, Series C E-Commerce, Food and Beverage, Software $1.5M–$196M
Meituan
VC Fund
1 China, India, Nigeria Series B, Series A, Series C Food and Beverage, Artificial Intelligence, Robotics $1.4M–$188M
Gaw Capital Partners
VC Fund
1 China, Singapore, United States Series A, Seed, Series C Real Estate, Internet, Software $3M–$250M
Magic Capital
VC Fund
1 China, United States, Hong Kong Series A, Seed, Angel Education, Internet, Artificial Intelligence $142k–$15M
Fortune Venture Capital
VC Fund
1 China, Japan, United States Series A, Series B, Seed Manufacturing, Software, Information Technology $462k–$73M
JBC
VC Fund
1 China Series A, Seed, Series B Manufacturing, Semiconductor, Application Specific Integrated Circuit (ASIC) $1.5M–$71M
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
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
Fosun Pharma
VC Fund
1 China, United States, Israel Series A, Series B Health Care, Biotechnology, Medical $1.4M–$190M
BAI capital
VC Fund
1 China, United States, Hong Kong Series A, Series B, Seed Software, Internet, Financial Services $3M–$100M
Zhejiang Timeshare Capital
VC Fund
1 China Series A Seafood, Catering, Restaurants
Inward Fund
VC Fund
1 China Series A Coffee, Restaurants, Food and Beverage
Capital Today
VC Fund
1 China, United States Series A, Series B, Series C E-Commerce, Food and Beverage, Internet
Harvest Capital
VC Fund
1 China Series B, Series A, Angel Food and Beverage, Manufacturing, Tea
Black Ant Group
VC Fund
1 China Series A, Series B, Angel Retail, Food and Beverage, Tea $14M–$65M
Access all 246 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

ZhenFund
VC Fund · Beijing, Beijing, China · 5 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: 631
  • Round size: Seed $443k–$15M; Angel $425k–$5.8M; Series A $1.4M–$30M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $140M in 2022

Portfolio highlights

  • Ehang — Ehang is a technology enterprise focused on R&D and production in airplane and aircraft field. With the combination of software and hardware techniques, it self-developed the communication and real-time viewing hardware and a smartphone operation system. Its product, Ghost, is accepted as the first truly smartphone app operated intelligentrobot, which is widely used in geographical information surveying, professional television aerial filming, roadshow displaying, disaster rescuing and delivery, surveillance and monitoring, and even expected to play important role in the future logistics areas.Ehang was founded in 2014 by makers from China, America, and Singapore who are enthusiastic about drone flying. The enterprise’s core members graduated from Tsinghua University, Peking University, and Duke University in America.
  • 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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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, Restaurants, Catering
  • Stage:Series A, Venture - Series Unknown, Angel
  • Geography: China

Investor stats

  • Total investments: 14
  • Round size: Series A $1.6M–$16M; Venture - Series Unknown $16M–$77M
  • 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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IDG Capital
VC Fund · Beijing, Beijing, China · 4 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: 1056
  • Round size: Series A $2.9M–$100M; Series B $7.1M–$115M; Series C $15M–$354M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • AIxCrypto — Qualigen is a biotechnology company focused on the development and commercialization of novel therapeutic products for the treatment of cancer and infectious diseases, as well as the expansion of its flagship FastPack® diagnostic platform.
  • Hypershell — An exoskeleton innovator reshaping lifestyles and enabling technology to empower life.
  • Chengjia Apartment — Chengjia Apartment is a rental start-up that provides different product choices for apartments, hotels, and homestays. Chengjia Apartment extends the business scope to weekly rent, monthly rent, and long-term rent. The company creates a high-quality living environment with ingenuity, take care of every guest with hotel-style service, and creates awarm, comfortable, and temperature-friendly home.Chengjia Apartment is jointly established by China Living Hotel Group and IDG Capital. It has laid out nearly 100 properties in first-tier cities nationwide, with more than 10,000 houses and services.It was founded on 2015 and is headquartered in Shanghai, China.
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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, Seed
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 140
  • Round size: Seed $7M–$20M; Series A $1.5M–$16M; Series B $10M–$146M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $75M in 2019

Portfolio highlights

  • 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.
  • DeyeeMed — DeyeeMed is a globally recognized professional artificial intelligence medical robot company that combines R&D, manufacture, sales, and service training.
  • 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: 49
  • Round size: Seed $140k–$3.2M; Angel $435k–$3M; Series A $3M–$16M
  • Lead/follow: 29% lead, 71% 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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Qingsong Fund
VC Fund · Shenzhen, Guangdong, China · 3 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, Education, Internet
  • Stage:Series A, Angel, Seed
  • Geography: China, United States, Canada

Investor stats

  • Total investments: 143
  • Round size: Seed $1.4M–$28M; Angel $142k–$1.6M; Series A $1.4M–$15M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $153M 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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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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Weimob
VC Fund · Shanghai, Shanghai, China · 2 investments in China Restaurants startups

Weimob, a WeChat-based CRM solution provider. Weimob is a SAAS platform that primarily provides enterprises with WeChat-based development, operation, training, and promotional solutions, helping businesses that do not have software development experiences to build m-commerce platforms on WeChat at lower costs. Wemob also provides SCRM and trafficanalytic tools, allowing clients to optimize promotion procedure and improve marketing performance.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A
  • Geography: China, United States

Investor stats

  • Total investments: 8
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Acewill — Acewill is a Software-as-a-service (SaaS) provider targeting the catering industry.
  • Genstore — Build a high-converting e-commerce store with AI in minutes! Optimize for SEO, and drive traffic automatically. Then launch & scale your online presence fast!
  • XiangMiNiao — XiangMiNiao is a wechat multi-hotel marketing system that creates a specific marketing strategy for each hotel. It is engaged in the wechat marketing business where it provides solutions such as wechat marketing, wechat promotion, and more related to wechat marketing.
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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: Biotechnology, Manufacturing, Medical
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 87
  • Round size: Series A $6.6M–$390M; Series B $3.8M–$646M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Robot Era — Robot era is an emerging technology business creates embodied intelligence and generic humanoid robot technologies and products. Xingdong Era is committed to the development of universal humanoid robots that can adapt to a wide range of fields, multiple scenarios, and high intelligence, striving to realize the beautiful vision of intelligent robotsentering thousands of households and integrating into the lights of thousands of homes.
  • Biosensors — The Biosensors International group of companies develop, manufacture and market innovative medical devices for interventional cardiology and critical care procedures. Our aim is to improve patients' lives through pioneering medical technology that pushes forward the boundaries of innovation.
  • Zhongguancun Shuimu Medical Technology — Shuimu Medical is a third-party professional medical device inspection and testing institution.
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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: 58
  • Round size: Seed $1.4M–$14M; Series A $1.5M–$31M; Series B $3.6M–$34M
  • Lead/follow: 34% lead, 66% 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.
  • Vector Equation — Vector Equation Pomegranate Digital Human is a developer of intelligent digital human platforms, specializing in AGI and machine vision, offering customization, voice replication, short video creation, and field model creation in various industries.
  • Light Year Exploration — Light Year Exploration is a distributor of vehicle mechanical products.
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Access 48,091 investors

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

Browse database — It's Free!
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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Shixinronghe Investment Management
VC Fund · Beijing, Beijing, China · 2 investments in China Restaurants startups

Shixinronghe Investment Management is engaged in project investment; investment consulting; investment management.

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Investment focus

  • Industry: Restaurants, Consumer Goods, Food and Beverage
  • Stage:Seed, Angel
  • Geography: China

Investor stats

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

Portfolio highlights

  • Modou (Beijing) — Modou (Beijing) operates chain soybean product business.
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Light-Up Capital
VC Fund · Tianjin, Guangdong, China · 2 investments in China Restaurants startups

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

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Investment focus

  • Industry: E-Commerce, Retail, Internet
  • Stage:Series A, Angel, Series B
  • Geography: China

Investor stats

  • Total investments: 12
  • Round size: Angel $425k–$3M; Series A $1.5M–$10M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Zuodashi — Zuodashi is a take-out food supply service company.
  • TechSight — TechSight provides retail financial digitization and security services. They comprehensively solve the technical problems faced by financial institutions in retail financial business. They offer credit risk management for financial institutions that help banks.
  • Jodell Robotics — Jodell develops intelligent robotic equipment designed to serve in automotive and logistics industries.
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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: 82
  • Round size: Seed $1.4M–$42M; Series A $1.5M–$30M; Series B $14M–$62M
  • Lead/follow: 39% lead, 61% 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.
  • BuChou Quantum — BuChou Quantum’s vision is to create quantum computers with real, practical application value by pursuing deep “software–hardware synergy,” meaning they design quantum hardware and quantum software in tandem so each enhances the other, enabling more powerful, efficient, and usable quantum computing systems.
  • 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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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: Fashion, Artificial Intelligence, Media and Entertainment
  • Stage:Seed, Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 13
  • Round size: Seed $475k–$6.3M; Angel $433k–$1.5M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • QTC Care — QTC Care was established in the United States in 2013. China is headquartered in Shanghai and has branches in Beijing, Guangzhou, Shenzhen, Guiyang and Silicon Valley, Los Angeles, Houston, New York, Japan and Singapore. The QTC Care core team has been working since 2013. Tens of thousands of high-end customers customize personalized one-stopmedical solutions. QTC Care is a pioneer in the globalization of medical services. It is committed to making customers “easy to see good doctors around the world” and has cooperation resources with more than 600 internationally renowned medical institutions and thousands of world-class doctors.
  • Aige Chibaole — Aige Chibaole is an food review and recommendation platform.
  • Puhao Technology — Puhao Technology is media company based on lifestyle.
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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, Social, Catering
  • Stage:Seed, Angel, Series A
  • Geography: China

Investor stats

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

Portfolio highlights

  • Deyanshe — Deyanshe provides a social platform for its members.
  • 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 — The Lancet Grill is a barbecue catering brand. It has two catering series of lancet barbecue and lancet healthy meal. It mainly specializes in Xuzhou barbecue dishes such as kebabs, pig's trotters, chicken wings, scallops, and tin foil mushroom.
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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: 65
  • Round size: Seed $2.9M–$10M; Series A $11M–$72M; Series B $3M–$80M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely actively investing — fresh fund, raised $69M in 2025

Portfolio highlights

  • Arctic Hero Core — Arctic Core aims in reducing the design cycle and NRE cost of large-scale and provide low-cost algorithms to server clusters.
  • 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.
  • 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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Tencent
VC Fund · Shenzhen, Guangdong, China · 2 investments in China Restaurants startups

Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks. Tencent has maintained steady growth under its user-oriented operatingstrategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others.In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively.Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.

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Investment focus

  • Industry: Software, Financial Services, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, United Kingdom

Investor stats

  • Total investments: 848
  • Round size: Series A $3M–$200M; Series B $15M–$256M; Series C $23M–$418M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Utaite — Utaite is an operator of an entertainment platform that focuses on planning, production, and development of entertainment content.
  • VIPKID — VIPKid is a global education technology company that connects children with the world’s best teachers for real-time online English immersion learning.VIPKid’s mission is to inspire and empower every child for the future. VIPKid envisions a global classroom that empowers students and teachers through personalized learning, connection of culturesacross the world and the passion for lifelong learning. It believes that education is not one-size-fits-all, rather, all students are unique and the world is within their reach when connected with great teachers capable of personalizing learning and sparking curiosity.Founded in 2013 and formally launched in 2014, VIPKid has become China’s market-leading online education startup, attracting investment from Tencent, Coatue Management, Sequoia Capital, Sinovation Ventures, Yunfeng Capital, Matrix Partners, Learn Capital, Northern Light VC and Bryant Stibel, among others. The VIPKid platform currently connects over 500,000 paying students with over 60,000 teachers in the US and Canada.
  • Z.ai — The AI Lab behind GLM models, dedicated to inspiring the development of AGI to benefit humanity. https://t.co/gOw7WpwkJt https://t.co/ot9sGVXU8x
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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: 18
  • Round size: Seed $1.5M–$2.8M; Angel $425k–$4.3M; Series A $1.5M–$5M
  • Lead/follow: 33% lead, 67% 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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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: 178
  • Round size: Seed $4M–$28M; Series A $3M–$86M; Series B $10M–$110M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely actively investing — fresh fund, raised $460M in 2026

Portfolio highlights

  • Aerofugia — Aerofugia is a technology company with low-altitude travel and vehicle-mounted flight as its core, and a practitioner of the new general aviation strategy under Geely Technology Group.
  • Differential Robotics — Differential Robotics is a robotics company providing research, design, and development of aerial robots and intelligent autonomous drones.
  • Extreme shell technology — Extreme shell technology helps in creation and development of exoskeleton equipment for consumers. It uses data to drive exoskeleton innovation.
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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: Information Technology, Software, Internet
  • Stage:Series A, Angel, Series B
  • Geography: China, United States, India

Investor stats

  • Total investments: 206
  • Round size: Angel $425k–$14M; Series A $429k–$15M; Series B $2.9M–$62M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $440M in 2023

Portfolio highlights

  • Hanhai Energy — Hanhai Energy is dedicated to explore the science and technology to accelerate the commercialization of fusion energy.
  • Lianyue Network — Internet 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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Lightspeed Venture Partners
VC Fund · Menlo Park, California, United States · 2 investments in China Restaurants startups

Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: United States, India, Israel

Investor stats

  • Total investments: 2329
  • Round size: Seed $2M–$27M; Series A $7M–$85M; Series B $15M–$125M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fresh fund, raised $600M in 2025

Portfolio highlights

  • Athos — Athos uses EMG real-time biofeedback to help you go from guessing to knowing if you are performing at your best. #BuildBetterAthletes
  • Tennr — Tennr is a custom AI assistant that accelerates research, answers complex questions, and generates custom reports.
  • Fresh Nation — Fresh Nation is an enterprise-level B2B wholesale marketplace and management platform for the retail grocery industry, operationalizing local and specialty food assortments for the nation’s largest retailers and distributors. Fresh Nation’s proprietary Virtual Supply Chain™ platform simplifies the complexity of working with thousands of smallvendors, saving time and cutting costs. Incorporating a vendor and product rich CRM, interactive supplier portal, order management suite, accounting and invoicing tools, and flexible EDI/API integrations, Fresh Nation is becoming the grocery industry standard for enterprise specialty food management.
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Juewei Food
VC Fund · Changshan, Hunan, China · 2 investments in China Restaurants startups

Juewei Food engages in the research and development, production, and sale of stewed snack items in China.

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Investment focus

  • Industry: Food and Beverage, Catering, Food Processing
  • Stage:Series A, Angel, Private Equity
  • Geography: China

Investor stats

  • Total investments: 11
  • Round size: Angel $459k–$16M; Series A $1.4M–$15M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Xiaolongkan — Xiaolongkan is a hot pot chain brand that specializes in catering franchising, food research and online marketing services.
  • Ji Xiang — Ji Xiang is a catering retail brand and an enterprise that manufactures, distributes, and sells different types of Wontons.
  • Shuyishao Xiancao — Shuyishao Xiancao is a beverage production company that makes coffee, milk tea, tea beverages, sweets, and ice cream items. offer a healthy tea drinking experience to the fast-paced urban life," manufacturers are constantly enhancing the quality and launching new products.
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Beijing Life Service Industry Development Fund
VC Fund · 2 investments in China Restaurants startups

Beijing Life Service Industry Development Fund is an investment Firm.

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Investment focus

  • Industry: Health Care, Restaurants, Consumer Goods
  • Stage:Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Air Factory — Air Factory is a trampoline park where kids and adults can let loose and bounce away to the heart's delight.
  • Modou (Beijing) — Modou (Beijing) operates chain soybean product business.
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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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Charles Xue
Angel · Beijing, Beijing, China · 1 investments in China Restaurants startups

Charles Xue, also known as Xue Manzi, is a Chinese-American angel investor and entrepreneur. He is co-founder of UT Starcom and has invested in Chinese internet startups.

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Investment focus

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

Investor stats

  • Total investments: 16
  • Round size: Angel $134k–$871k; Series A $450k–$11M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • DeLink (DELC) — DeLink is a company providing currency exchange service.
  • Huaqin Zhilian — Huaqin Zhilian is a manufacturer of smart robot convenience devices in the field of smart retail.
  • YEUNGS SAGE E-COMMERCE — YEUNGS SAGE E-COMMERCE is a women's e-commerce platform operating agency that provides fashion e-commerce shopping platform for young women.
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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: 145
  • Round size: Series A $1.4M–$30M; Series B $2.8M–$90M; Series C $15M–$102M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $286M in 2019

Portfolio highlights

  • Mojie — Mojie is a technology company that engages in the research and development of optics and AI solutions, known for its extensive development of various core technologies. The company operates research and development offices and high-end manufacturing bases.
  • Villanelle Life — Villanelle Life is a biotechnology company that specializes in creating AI drugs, early screening, and auxiliary diagnosis platforms to solve complex diseases.
  • 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.
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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, FinTech
  • Stage:Series A, Seed, Series B
  • Geography: Hong Kong, China, Singapore

Investor stats

  • Total investments: 45
  • Round size: Seed $250k–$90M; Series A $500k–$15M; Series B $1M–$150M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — raised $256M in 2017

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: 111
  • Round size: Series A $1.5M–$28M; Series B $10M–$175M; Series C $50M–$196M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $597M 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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Meituan
VC Fund · Beijing, Beijing, China · 1 investments in China Restaurants startups

Meituan develops and operates a platform providing retail and online group buying services. It retails and delivers Chinese food from local restaurants online. It operates a social commerce website that offers online group discounts for movie tickets, groceries, food, restaurants, entertainment, and health/fitness sectors.Wang Xing foundedMeituan Group in 2010 that became Meituan-Dianping in December 2015, with its headquarters in Beijing in China. Meituan-Dianping officially changed its name to Meituan in September 2020.

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Investment focus

  • Industry: Food and Beverage, Artificial Intelligence, Robotics
  • Stage:Series B, Series A, Series C
  • Geography: China, India, Nigeria

Investor stats

  • Total investments: 101
  • Round size: Series A $1.4M–$157M; Series B $2.9M–$188M; Series C $71M–$188M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $436M in 2017

Portfolio highlights

  • Z.ai — The AI Lab behind GLM models, dedicated to inspiring the development of AGI to benefit humanity. https://t.co/gOw7WpwkJt https://t.co/ot9sGVXU8x
  • Sharpa — Sharpa is an AI robotics company dedicated to developing ultra-high performance robots and core components. We Manufacture Time by Making Robots Useful.
  • Hangzhou Xynova Technology Co. — Hangzhou Xynova Technology Co. develops robotic components, including dexterous hands, rotary actuators, and linear actuators.
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Gaw Capital Partners
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in China Restaurants startups

Gaw Capital Partners is a positioned private equity fund management company that focuses in real estate markets in greater China and other high barrier-to-entry markets globally. Their services includes gateway real estate funds, separate account investments, venture capital, private equity investment and credit investments.

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Investment focus

  • Industry: Real Estate, Internet, Software
  • Stage:Series A, Seed, Series C
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 23
  • Round size: Seed $3M–$11M; Series A $5.8M–$25M; Series C $11M–$250M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: Likely still investing — raised $30M in 2021

Portfolio highlights

  • Blackpanda — Asia's premier digital forensics and cyber incident response firm.
  • SARELLY SARELLY — SARELLY SARELLY is a gender-neutral and transparent fashion brand, offering affordable luxury to the Hispanic Gen Z community.
  • NPX Point Avenue — NPX Point Avenue is an education technology company focused on the fast-growing K-12 private international school market and K-12 after-school training market.
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Magic Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Restaurants startups

Magic Capital is an investment firm focused on supporting Chinese Internet companies. The company's founders are working cross a broad range of sectors, from education to media to healthcare to SaaS to AI to e-commerce to game to social networking service.

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Investment focus

  • Industry: Education, Internet, Artificial Intelligence
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 49
  • Round size: Seed $142k–$3M; Angel $242k–$8.3M; Series A $200k–$15M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: May invest from a new fund soon — raised $13M in 2009

Portfolio highlights

  • Flexiv — Flexiv is a deep-tech company that is committed to developing and manufacturing general-purpose adaptive robots that redefine intelligent automation. Combining advanced robotics and artificial intelligence with human-centered design, Flexiv's robots empower businesses to flexibly automate complex tasks with intuitive and easy-to-use interfaces.
  • Anlaiye — Anlaiye is a campus university mobile network O2O service platform for students.
  • Noematrix — Noematrix is an embodied intelligence company that specializes in innovative general robotic intelligence solutions and services.
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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: 297
  • Round size: Seed $462k–$73M; Series A $1.5M–$70M; Series B $3M–$57M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $860M in 2021

Portfolio highlights

  • Xinjie Energy — Xinjie Energy focuses on the research, development, and production of lithium metal solid-state batteries. These batteries aim to offer energy density and improved safety compared to traditional lithium-ion batteries. The company works on advancing battery technology, with potential applications in electric vehicles and energy storage. It isinvolved in advancing solid-state battery technology and expanding its presence in the battery industry.
  • Strongest Laser — Strongest Laser is a high-power fiber laser equipment developer.
  • NeueHCT — Horizon Continental Technology is a joint venture between Continental Group and Horizon Robotics
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JBC
VC Fund · Shanghai, Shanghai, China · 1 investments in China Restaurants startups

Jinbang Capital is a comprehensive asset management institution

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Investment focus

  • Industry: Manufacturing, Semiconductor, Application Specific Integrated Circuit (ASIC)
  • Stage:Series A, Seed, Series B
  • Geography: China

Investor stats

  • Total investments: 28
  • Round size: Seed $1.6M–$7.7M; Series A $1.5M–$29M; Series B $14M–$71M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Zibo Xincai — Zibo Xincai is an integrated circuit manufacturing company that focuses on the development, manufacturing, and sales of core materials for semiconductor packaging.
  • Huayu Xianxiang — Huayu Xianxiang is committed to transforming technological achievements and product development of new general aviation aircraft.
  • Sodium Technology — Sodium technology focuses on material technology innovation to encourage the industrialization of all-solid-state sodium batteries.
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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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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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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, Medical
  • Stage:Series A, Series B
  • Geography: China, United States, Israel

Investor stats

  • Total investments: 46
  • Round size: Series A $1.4M–$17M; Series B $14M–$190M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • AriBio — AriBio is a biotechnology firm dedicated to developing therapeutic solutions for neurodegenerative disorders. At AriBio, polypharmacology is strengthened by the capabilities of advanced AI technologies. Utilizing the ARIDD™ platform, the company explores extensive molecular databases, forecasting interactions that encompass various targets andmechanisms. By harnessing AI, AriBio strives to enhance drug efficacy and broaden potential therapeutic applications. ARIDD™ serves as a drug development platform that enhances the discovery and creation of polypharmacological medications.
  • Antekin Biotech — Antekin Biotech is a leading vaccine company with integrated capabilities spanning the entire vaccine value chain, from research and development to manufacturing and commercialization. The company is dedicated to advancing innovative vaccine technologies, enhancing disease prevention, and delivering high-quality vaccine solutions to improve publichealth and address global healthcare challenges.
  • 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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BAI capital
VC Fund · Beijing, Beijing, China · 1 investments in China Restaurants startups, 12 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: 149
  • Round size: Seed $4M–$100M; 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

  • Meshy AI — The #1 3D GenAI platform—trusted by millions worldwide. The ONLY 3D AI tool featured in A16Z's 2024 AI Tools Survey.
  • Stavko — Stavic is a manufacturing services company that specializes in the production of computers, communication devices, and other electronic equipment.
  • Shumeiwuwu — Shumeiwuwu is a cross-border e-commerce company that provides quality goods and services to consumers through global shopping.
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Zhejiang Timeshare Capital
VC Fund · Hangzhou, Zhejiang, China · 1 investments in China Restaurants startups

Zhejiang Timeshare Capital is an investment firm.

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Investment focus

  • Industry: Seafood, Catering, Restaurants
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Bayu Pickled Cabbage Fish — Tongpan Catering is a restaurant chain brand that provides pickled fish through takeaway and dine-in models from the food court stalls.
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Inward Fund
VC Fund · 1 investments in China Restaurants startups

Inward Fund is an investment firm.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Peekoo Coffee — Peekoo Coffee is a chain of cafes that provides a variety of coffee and gives a felt bag as a promotional activity.
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Capital Today
VC Fund · Shanghai, Shanghai, China · 1 investments in China Restaurants startups

Capital Today manages dedicated China country funds of USD2.5 billion. It is one of the first independent private equity firms in China. Founded by Kathy Xu in 2005, Capital Today is committed to provide growth capital to small and medium-sized Chinese companies and helps them build sustainable businesses and No.1 brands in China. CapitalToday's investment theme is to capture opportunities with the booming Chinese middle class and their changing life styles. Capital Today has a focused and disciplined strategy and hands-on approach. It is dedicated to help the Chinese entrepreneurs build KPI, Culture and No.1 brands (Capital Today's "3 Weapons"). Capital Today is a strong believer of long term investment and tends to hold the investment for many years. Capital Today has been focused on Consumer. Retail & Internet Sector. Their Portfolios IncludeJD.com, Youku Tudou.com, Ganji.com, Dianping.com, Three Squirrels online snack food brand, Yifeng Pharmacy Chain, Cosrno Lady Underwear Chain, Nuts Snack Food Chain, BiFengTang Quick Service Restaurant, Tsui Wah Restaurant Chain, etc.

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Investment focus

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

Investor stats

  • Total investments: 88
  • Lead/follow: no public data

Portfolio highlights

  • Sand.ai — Sand AI is an AI company that focuses on producing videos.
  • Vita Dynamics — Vita Dynamics involves learning through real-world interactions by developing robots that can physically engage with their environment, they can adapt more naturally and efficiently.
  • Moonshot AI — Dark Side of the Moon is an AI large-scale model company.
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Harvest Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Restaurants startups

Harvest Capital is a private equity investment firm focused on the entire consumption and service sector. The firm aims to invest in and partner with industry-leading enterprises and assisting them with the listing process and becoming industry leaders.Harvest Capital's total assets have amounted to 10.8 billion RMB, and all are guaranteedby State Development Planning Commission and Asset Management Association of China.

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Investment focus

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

Investor stats

  • Total investments: 12
  • Lead/follow: no public data

Portfolio highlights

  • Chando — Chando is a renowned Chinese skincare brand that focuses on the unique skin characteristics and lifestyles of Chinese consumers, combining advanced skincare science with natural ingredients inspired by the purity of the Himalayas.
  • Wenheyou — Wenheyou operates a range of food and beverage brands.
  • Small Vegetable Garden — Xiaocaiyuan is the operator of a chain of restaurants. It offers customers green, healthy, and nourishing dishes. They provide customers with the opportunity to experience Anhui cuisine that combines tradition and innovation.
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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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Restaurants Investor funding in China at a glance

Stats across 189 deals from 246 investors.

246
investors
in China Restaurants startups
189
deals
in China Restaurants startups
$2.9M
median round
in China Restaurants startups
45%
lead investors
lead at least one round
36%
Series A
most common funding stage
98/2
VC / Angel
share of investor count

Access all 246 investors in China Restaurants startups.

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