Top 50 Restaurants VC Funds & Investors in China (September 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| 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 |
|
Qingsong Fund
VC Fund
|
3 | China, United States, Canada | Series A, Angel, Seed | Manufacturing, Education, Internet | $142k–$28M |
|
Buhuo Ventures
VC Fund
|
3 | China | Series A, Angel, Seed | Food and Beverage, E-Commerce, B2B | $140k–$16M |
|
Pros Partners
VC Fund
|
2 | China | Seed, Angel, Series A | Fashion, Artificial Intelligence, Media and Entertainment | $433k–$6.3M |
|
Kushu Brewery
VC Fund
|
2 | China | Seed | Restaurants, Catering, Craft Beer | |
|
MinIPO
VC Fund
|
2 | China | Seed | Restaurants, Catering, Craft Beer | |
|
Shixinronghe Investment Management
VC Fund
|
2 | China | Seed, Angel | Restaurants, Consumer Goods, Food and Beverage | |
|
Liuyi Touzi
VC Fund
|
2 | China | Seed, Angel, Series A | EdTech, Energy, Consumer | $450k–$473k |
|
Light-Up Capital
VC Fund
|
2 | China | Series A, Angel, Series B | E-Commerce, Retail, Internet | $425k–$10M |
|
Weimob
VC Fund
|
2 | China, United States | Seed, Series A | Software, Information Technology, SaaS | |
|
Lightspeed Venture Partners
VC Fund
|
2 | United States, India, Israel | Series A, Series B, Seed | Software, Information Technology, Artificial Intelligence | $2M–$125M |
|
Zhencheng Capital
VC Fund
|
2 | China, United States, Singapore | Series A, Series B, Seed | Manufacturing, Software, Information Technology | $1.4M–$34M |
|
Vision Knight Capital
VC Fund
|
2 | China, Malaysia, Thailand | Series A, Series B, Seed | Manufacturing, Artificial Intelligence, Information Technology | $2.9M–$80M |
|
Luminous Ventures (former Lightspeed China Partners)
VC Fund
|
2 | China, United States, Singapore | Series A, Series B, Seed | Manufacturing, Internet, Software | $3M–$110M |
|
Jiangzhen Venture Capital
VC Fund
|
2 | China | Seed | Restaurants, Catering, Craft Beer | |
|
Zhenshun Jijin
VC Fund
|
2 | China | Angel, Series A, Seed | Internet, E-Commerce, Health Care | $425k–$5M |
|
Hony Capital
VC Fund
|
2 | China, United States, Hong Kong | Series A, Series B, Seed | Biotechnology, Manufacturing, Medical | $3.8M–$646M |
|
Tencent
VC Fund
|
2 | China, United States, United Kingdom | Series B, Series A, Series C | Software, Financial Services, Artificial Intelligence | $3M–$418M |
|
Beijing Life Service Industry Development Fund
VC Fund
|
2 | China | Angel, Series A | Health Care, Restaurants, Consumer Goods | |
|
Jinding Capital
VC Fund
|
2 | China | Series A, Seed, Series B | Manufacturing, Health Care, Robotics | $1.4M–$62M |
|
Meridian Capital Asia
VC Fund
|
2 | China, United States, India | Series A, Angel, Series B | Information Technology, Software, Internet | $425k–$62M |
|
Juewei Food
VC Fund
|
2 | China | Series A, Angel, Private Equity | Food and Beverage, Catering, Food Processing | $459k–$16M |
|
Baidu
VC Fund
|
1 | China, United States, Israel | Series A, Series B, Series C | Internet, Artificial Intelligence, Software | $3M–$594M |
|
BAI capital
VC Fund
|
1 | China, United States, Hong Kong | Series A, Series B, Seed | Software, Internet, Financial Services | $3M–$100M |
|
Oriza Seed Capital (Oriza Yuandian)
VC Fund
|
1 | China, United States, Singapore | Series A, Seed, Angel | Manufacturing, Health Care, Medical | $223k–$60M |
|
THG Ventures
VC Fund
|
1 | China | Series A, Series B, Angel | Information Technology, Software, Manufacturing | $425k–$28M |
|
Legend Capital
VC Fund
|
1 | China, United States, South Korea | Series B, Series A, Series C | Health Care, Medical, Biotechnology | $1.6M–$200M |
|
Volcanics Venture
VC Fund
|
1 | China, United States, Hong Kong | Series A, Series B, Seed | Health Care, Artificial Intelligence, Biotechnology | $350k–$60M |
|
Beyond Ventures
VC Fund
|
1 | China, United States | Series A, Series B | SaaS, Hotel, Retail | |
|
National SME Development Fund
VC Fund
|
1 | China | Series A, Series B, Series C | Health Care, Information Technology, Manufacturing | $2.9M–$63M |
|
Black Ant Group
VC Fund
|
1 | China, Hong Kong | Series A, Series B, Angel | Retail, Food and Beverage, Robotics | $15M–$65M |
|
DT Capital Partners
VC Fund
|
1 | China, United States, South Korea | Series A, Series B, Series C | Health Care, Medical, Biotechnology | $1.4M–$102M |
|
Gaw Capital Partners
VC Fund
|
1 | China, Singapore, United States | Series A, Seed, Series C | Real Estate, Internet, Software | $3M–$250M |
|
Meituan
VC Fund
|
1 | China, India, Nigeria | Series B, Series A, Series C | Food and Beverage, Artificial Intelligence, Robotics | $1.4M–$188M |
|
JBC
VC Fund
|
1 | China | Series A, Seed, Series B | Manufacturing, Semiconductor, Application Specific Integrated Circuit (ASIC) | $1.5M–$71M |
|
Fosun International
VC Fund
|
1 | China, United States, Israel | Series A, Series B, Series C | Health Care, Manufacturing, Information Technology | $1.4M–$97M |
|
Rongsheng Chuangfu
VC Fund
|
1 | China | Angel, Series A, Post-IPO Equity | Coffee, Medical, Software | |
|
Zhuhai Hengqin Shijing Touzi Hehuoqiye (Limited Partnership)
VC Fund
|
1 | China | Series B | Tea, Consumer, Health Care | |
|
Fosun Pharma
VC Fund
|
1 | China, United States, Israel | Series A, Series B | Health Care, Biotechnology, Medical | $1.4M–$190M |
|
Zhejiang Timeshare Capital
VC Fund
|
1 | China | Series A | Seafood, Catering, Restaurants | |
|
TL Data
VC Fund
|
1 | China | Series A | Catering, Payments, Restaurants | |
|
Inward Fund
VC Fund
|
1 | China | Series A | Coffee, Restaurants, Food and Beverage | |
|
Future Value Capital
VC Fund
|
1 | China | Angel, Seed | Hardware, Software, Automotive | |
|
Pfaff Star
VC Fund
|
1 | China | Angel | Catering, Restaurants | |
|
Guohai Innovative CCI Capital
VC Fund
|
1 | China | Series B, Series A, Angel | Health Care, Medical, Biotechnology | |
|
Yimei Capital
VC Fund
|
1 | China, United States | Seed, Series B | Medical, Health Care, Biotechnology | |
|
Harvest Capital
VC Fund
|
1 | China | Series B, Series A, Angel | Food and Beverage, Manufacturing, Tea | |
| Access all 241 VC funds in China Restaurants startups. | |||||
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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.
Show more...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.
kaoputou.com is a fund that focuses on an early investment in the catering industry.
Show more...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.
IDG Capital is a global investment firm partnering with founders to build enduring businesses through capital, expertise, and long-term support.
Show more...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.
Tiantu Capital is a venture capital association.
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- 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.
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.
Show more...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.
Buhuo Ventures invests in early and growing TMT and innovative consumer sectors.
Show more...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.
Pros Partners is an investment fund that focuses on the new economy and mobile internet.
Show more...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.
Kushu Brewery is an investment firm.
Show more...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.
MINIPO is an Internet non-public equity investment platform.
Show more...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.
Shixinronghe Investment Management is engaged in project investment; investment consulting; investment management.
Show more...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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Browse database — It's Free!Liuyi Touzi is an angel investment firm that engages in early investment in the fields of internet, smart equipment and new materials.
Show more...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.
Lighting Investment is an investment organization focused on the angel investments.
Show more...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.
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.
Show more...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.
Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends.
Show more...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.
Zhencheng Capital invests in early/early-growth stage, including Advanced Technology/ AI.
Show more...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.
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.
Show more...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.
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.
Show more...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.
Jiangzhen Venture Capital is an investment firm.
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- 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.
Zhenshun Jijin is an early-stage investment fund.
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- 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.
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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- 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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Browse database — It's Free!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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- 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
Beijing Life Service Industry Development Fund is an investment Firm.
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- 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.
Jinding Capital is a leading industrial equity investment institution in China.
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- 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.
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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- 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.
Juewei Food engages in the research and development, production, and sale of stewed snack items in China.
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- 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.
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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- Industry: Internet, Artificial Intelligence, Software
- Stage:Series A, Series B, Series C
- Geography: China, United States, Israel
Investor stats
- Total investments: 135
- Round size: Series A $3.5M–$194M; Series B $3M–$594M; Series C $14M–$446M
- 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.
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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- 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.
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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- Industry: Manufacturing, Health Care, Medical
- Stage:Series A, Seed, Angel
- Geography: China, United States, Singapore
Investor stats
- Total investments: 151
- Round size: Seed $223k–$25M; Angel $425k–$15M; Series A $1.4M–$60M
- Lead/follow: 29% lead, 71% follow
Portfolio highlights
- Youshu Quantum — Youshu Quantum is a deep-tech startup specializing in quantum computing software, middleware, and proprietary algorithms.
- Jitian Xingzhou — Jitian Xingzhou is a commercial aerospace company that provides optical main payloads in batches as one of its primary operations.
- Thortime Technology — Thortime Technology is a hard-tech company specializing in the full-stack development, manufacturing, and delivery of Neutral Beam Injection systems for controllable nuclear fusion devices.
THG Ventures Co., Ltd. (hereinafter referred to as “THG Ventures”) is a venture capital management organization co-funded by Tsinghua Holdings Corporation Limited (hereinafter referred to as “Tsinghua Holdings”) and the fund management team, and controlled by the latter. The team of THG Ventures started in scientific and technologicalinvestment in 1999 as the first team that focused on RMB investment in China. This team successively established the “TusPark Incubator” and “TusPark Ventures” and set up a highly stable and experienced team of partners which raised and managed more than 10 venture capital funds in a professional and market-oriented way and invested in about 100 medium, small and micro-sized enterprises. They created a group of star pioneering enterprises, developed an investment concept and team culture with obvious Tsinghua characteristics, realized excellent and stable fund income and gained the recognition and continuous support of various types of contributors like government-guided funds, private capital, financial institutions and donation funds while making a continuous contribution to the development of the Tsinghua industry system. In 2016, THG Ventures became the management organization of a sub-fund of the National SME Development Fund, and raised a total of RMB 4.5 billion for the SME Development Fund (Jiangsu Nantong Limited Partnership). The team and core members of THG Ventures have won many influential awards in the industry, and have become a representative in RMB venture capital and a leader in domestic university industry equity investment.
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- Industry: Information Technology, Software, Manufacturing
- Stage:Series A, Series B, Angel
- Geography: China
Investor stats
- Total investments: 67
- Round size: Angel $425k–$463k; Series A $1.5M–$17M; Series B $3M–$28M
- Lead/follow: 33% lead, 67% follow
Portfolio highlights
- Muchuang — Muchuang focuses on the development of reconfigurable programming system chip application systems, chip front-end design, and testing services. Adhering to the product development line of "national secret fusion security, security fusion network, network fusion intelligence", it has two product series oriented towards information securityand network control, and is determined to become a cloud, network, and terminal-oriented reconfigurable security acceleration and Smart network controller chip provider.
- Darwin Cell Biology — Darwin Cell Biology is a biotechnology research and development platform. They provide research and development. They focus on drug research and development in the repair field, investing in special research and development in the fields of neurology, orthopedics, skin, tumors, rare diseases, etc., and having a pipeline of innovative substanceresearch and development.
- Feiling Optoelectronics — Feiling Optoelectronics is a technology company specializing in the supply of optical materials and specialty optical fibers. The company focuses on advanced manufacturing and preparation technologies for high-performance quartz materials used in optical fibers. Feiling develops innovative plasma-based processes to produce specialty optical fibersthat meet stringent industry requirements. Their products serve various sectors including telecommunications, industrial lasers, military, nuclear power, biomedicine, and energy. The company aims to enhance the localization and upgrading of optical fiber equipment and related preparation technologies to support high-end application markets. Feiling Optoelectronics is based in Wuhan, China, and is committed to advancing optical fiber technology through innovation and quality manufacturing.
Legend Capital, a subsidiary of Legend Holdings Ltd., started its vintage year in April, 2001 with a mission to become a top-notch and the most respected venture capital investment manager in China.Managing up to US$700 million across four funds, Legend Capital focuses on driving high-growth ventures with operations substantially based in Chinaor on markets related to China.Legend Capital mainly invests in early stage IT companies, specifically, in sectors of network applications and services, outsourcing and professional services, Infrastructure (IC design/key components), and mid-market growth stage companies in the fields of consumer goods, clean technology, health care, equipment manufacturing and modern services.Among over 60 portfolio companies are Joyo.com (acquired by Amazon.com), SinoCom (0299.HK), Solarfun Power (Nasdaq: SOLF), Spreadtrum Communications (Nasdaq: SPRD), China Sunshine Paper (2002.HK), and VanceInfo (NYSE:VIT), Eyang (0117.HK), etc.As an active investor, Legend Capital provides its portfolio companies extensive business resources and tailored services to assist with business development, company image building, and other critical company building activities on Chinese market so as to add value and maximize returns. Legend Capital is proud and thankful that it has the opportunity to blaze a trail with its innovative practice for China's venture capital industry.
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- Industry: Health Care, Medical, Biotechnology
- Stage:Series B, Series A, Series C
- Geography: China, United States, South Korea
Investor stats
- Total investments: 481
- Round size: Series A $1.6M–$93M; Series B $11M–$107M; Series C $15M–$200M
- Lead/follow: 41% lead, 59% follow
- Last fund: Likely still investing — raised $177M in 2021
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
- Huixin Bio — Huixin Bio is a developer of exosome purification products and early cancer detection technology.
- Shunyuan Technology — Shunyuan Technology is a high-tech enterprise specializing in the development of fusion simulators and advanced route design solutions, providing innovative technologies and intelligent systems for complex engineering, transportation, and industrial applications.
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Browse database — It's Free!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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- Industry: Health Care, Artificial Intelligence, Biotechnology
- Stage:Series A, Series B, Seed
- Geography: China, United States, Hong Kong
Investor stats
- Total investments: 105
- Round size: Seed $350k–$17M; Series A $1.4M–$22M; Series B $6.7M–$60M
- Lead/follow: 29% lead, 71% follow
- Last fund: May invest from a new fund soon — raised $73M in 2018
Portfolio highlights
- 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.
- Fengtai Technology — Focusing on industrial information security, Fujian and Taiwan technology mainly provides professional, standard chemical control safety consulting and evaluation services to ensure information security of key industrial information infrastructure and improve security protection solutions. It mainly serves the government, industry customers, designinstitutes, research institutes, institutes, integrators and hardware and software manufacturers. Through visual, process and customized tools and methods, it helps users to carry out effective risk management and reliable operational support. .
Institutional investment and philanthropy advisory for family offices, endowments, and foundations.
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- Industry: SaaS, Hotel, Retail
- Stage:Series A, Series B
- Geography: China, United States
Investor stats
- Total investments: 2
- Lead/follow: 50% lead, 50% follow
Portfolio highlights
- Candao — Founded in 2014, the restaurant is a registered brand of Guangzhou Restaurant Information Technology Co., Ltd., headquartered in Guangzhou, with branches in Beijing, Shanghai, Hong Kong and other places. The brand service covers the omni-channel management SaaS platform + data operation in the middle platform. It mainly provides O2O solutions fordomestic catering and retail enterprises, such as take-out management system, distribution system, data center station, BI data analysis and system hosting. Serving more than 200 domestic and foreign chain brands, including services for many well-known chain catering groups such as McDonald's, Haagen-Dazs, Burger King, John John, Yoshinoya, Xibei, Laoxiang Chicken, Zhou Hei, a little bit, and real Kung Fu. The largest B-side food and beverage takeaway management Saas platform in China.
- Peptilogics — Peptilogics is a biotechnology platform company that develops best-in-class novel peptide drugs for unmet medical needs using its proprietary computational discovery platform.
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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- Industry: Health Care, Information Technology, Manufacturing
- Stage:Series A, Series B, Series C
- Geography: China
Investor stats
- Total investments: 38
- Round size: Series A $2.9M–$20M; Series B $3M–$63M
- Lead/follow: 47% lead, 53% follow
- Last fund: May invest from a new fund soon — raised $912M in 2016
Portfolio highlights
- SpeedBot — SpeedBot is positioned as: the most powerful visual brain for 3D visual perception and robot flexible control in complex scenes for logistics, intelligent manufacturing, new retail, big health, etc.; providing low cost and high efficiency for robot complex interactive scenes 3D visual algorithm, end-of-line software and hardware integration,general vision computing platform services.
- 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.
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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- Industry: Retail, Food and Beverage, Robotics
- Stage:Series A, Series B, Angel
- Geography: China, Hong Kong
Investor stats
- Total investments: 7
- Round size: Series A $15M–$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.
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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- 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.
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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- 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.
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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- 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.
Jinbang Capital is a comprehensive asset management institution
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- 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.
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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- Industry: Health Care, Manufacturing, Information Technology
- Stage:Series A, Series B, Series C
- Geography: China, United States, Israel
Investor stats
- Total investments: 122
- Round size: Series A $1.4M–$16M; Series B $4M–$35M; Series C $4.4M–$97M
- Lead/follow: 46% lead, 54% 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.
Rongsheng Chuangfu is an investment firm.
Show more...Investment focus
- Industry: Coffee, Medical, Software
- Stage:Angel, Series A, Post-IPO Equity
- Geography: China
Investor stats
- Total investments: 3
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Quanjing — Quanjing is a visual content provider that allows users to buy and edit stock photos.
- WING CAFE — Wing Cafe is a coffee restaurant chain brand in China.
- YUNNAN QIDAN PHARMACEUTICAL Co., Ltd. — YUNNAN QIDAN PHARMACEUTICAL Co., Ltd. manufactures Chinese herbal medicine, health food, and daily chemical products.
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822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!Zhuhai Hengqin Shijing Touzi Hehuoqiye (Limited Partnership) is an investment firm.
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- 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.
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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- 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.
TL Data
Show more...Investment focus
- Industry: Catering, Payments, Restaurants
- Stage:Series A
- Geography: China
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Dajialai — Dajialai is a Shanghai-based intelligent catering management solution provider. Its system can manage ordering, payment, membership, inventories and invoices for medium and large or chain restaurants.
Inward Fund is an investment firm.
Show more...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.
Future Value Capital specializes in equity investment and investment management services.
Show more...Investment focus
- Industry: Hardware, Software, Automotive
- Stage:Angel, Seed
- Geography: China
Investor stats
- Total investments: 4
- Lead/follow: no public data
Portfolio highlights
- Kelai — Kelai offers a business performance management system and network traffic analysis services.
- NationSky — NationSky develops big data and cloud computing software products for enterprise & government.
- Beer Halo Man — Beerbitt Man is a new catering chain brand, which combines the national supply chain of Tsingtao Brewery's craft beer.
Pfaff Star is an investment firm.
Show more...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.
Guohai Innovative CCI Capital is a financial investment management firm.
Show more...Investment focus
- Industry: Health Care, Medical, Biotechnology
- Stage:Series B, Series A, Angel
- Geography: China
Investor stats
- Total investments: 30
- Lead/follow: no public data
Portfolio highlights
- Hesguard — Hesguard is a medical device developer and producer of high-end implantable medical devices related to ophthalmic diseases.
- Remo-Telight — Remo-Telight offers a range of services for the commercial aerospace industry, including infrared remote sensing and space laser communication solutions.
- Ruitai Microelectronics — Ruitai Microelectronics is a domestic supplier of high-performance analog and analog-digital hybrid chips for intelligent networked vehicles.
YiMei Capital has been serving established global and local institutional clients in China
Show more...Investment focus
- Industry: Medical, Health Care, Biotechnology
- Stage:Seed, Series B
- Geography: China, United States
Investor stats
- Total investments: 13
- Lead/follow: no public data
Portfolio highlights
- Great Robotics — Great Robotics is a surgical robotics company that provides medical diagnosis and treatment technologies and services. It is based on the core technology platform of precise image-guided robotic surgery, aiming at clinical needs and pain points.
- Shanghai Auntie — Shanghai Auntie is a tea company dedicated to providing young people with healthy, delicious, and affordable Wugu tea.
- Kuixin Technology — Kuixin Technology is a supplier of integrated circuits to solving the problem of computing power scaling and interconnection.They engegad on data centers, artificial intelligence, consumer electronics, automotive and IoT.
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.
Show more...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.
Restaurants VC funding in China at a glance
Stats across 187 deals from 241 investors.
Access all 241 VC funds in China Restaurants startups.
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