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Top 50 Restaurants VC Funds & Investors in China (June 2026)

The most active venture capital funds investing in China Restaurants startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Restaurants startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
kaoputou.com
VC Fund
4 China Series A, Angel Food and Beverage, Catering, Restaurants $1.6M–$16M
Buhuo Ventures
VC Fund
3 China Series A, Angel, Seed Food and Beverage, E-Commerce, B2B $140k–$16M
Tiantu Capital
VC Fund
3 China, United States, Japan Series A, Series B, Series C Food and Beverage, E-Commerce, Medical $1.4M–$162M
ZhenFund
VC Fund
3 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Software, E-Commerce $413k–$28M
Luminous Ventures (former Lightspeed China Partners)
VC Fund
2 China, United States, Singapore Series A, Series B, Seed Manufacturing, Internet, Software $1.2M–$110M
Zhencheng Capital
VC Fund
2 China, United States, Singapore Series A, Series B, Seed Manufacturing, Software, Information Technology $1.4M–$33M
Jinding Capital
VC Fund
2 China Series A, Seed, Series B Manufacturing, Health Care, Pet $1.4M–$300M
Pros Partners
VC Fund
2 China Seed, Series A Artificial Intelligence, Apps, Mobile
Qingsong Fund
VC Fund
2 China, United States, Canada Series A, Angel, Seed Manufacturing, Internet, Education $142k–$28M
Jiangzhen Venture Capital
VC Fund
2 China Seed Restaurants, Catering, Craft Beer
Kushu Brewery
VC Fund
2 China Seed Restaurants, Catering, Craft Beer
MinIPO
VC Fund
2 China Seed Restaurants, Catering, Craft Beer
Liuyi Touzi
VC Fund
2 China Seed, Angel, Series A EdTech, Energy, Consumer $450k–$473k
Zhenshun Jijin
VC Fund
2 China Angel, Series A, Seed Internet, E-Commerce, Health Care $425k–$4.3M
Meridian Capital Asia
VC Fund
2 China, Latvia, Hong Kong Series A, Series B, Angel Internet, Software, E-Commerce $425k–$28M
Vision Knight Capital
VC Fund
2 China, Malaysia, Thailand Series A, Series B, Seed Manufacturing, Artificial Intelligence, Food and Beverage $2.8M–$80M
Loyal Valley Capital
VC Fund
1 China, United States, Hong Kong Series C, Series B, Series A Biotechnology, Health Care, Pharmaceutical
Hillhouse Investment
VC Fund
1 China, United States, Singapore Series A, Series B, Series C Manufacturing, Biotechnology, Software
Dayone Capital
VC Fund
1 China, United States Series A, Seed, Series B Battery, Manufacturing, Renewable Energy
Cyanhill Capital
VC Fund
1 China, Germany Seed, Angel, Series A E-Commerce, Software, Food and Beverage
Capital Nuts Investment Management Ltd
VC Fund
1 China, United States Series A, Angel, Series B E-Commerce, Service Industry, Marketing
Jiaxing Yuanhuan Equity Investment Partnership
VC Fund
1 China Series A Restaurants, Food and Beverage
Capital Today
VC Fund
1 China, United States Series A, Series B, Series C E-Commerce, Food and Beverage, Internet
BA Capital
VC Fund
1 China, Spain Series B, Series A, Seed Food and Beverage, Retail, E-Commerce
Liepin
VC Fund
1 China Seed, Angel Retail, Employment, Recruiting
Innohub Capital
VC Fund
1 China, Australia, Hong Kong Seed, Angel, Series A Media and Entertainment, Information Technology, Children
Yisan Capital
VC Fund
1 China Seed, Series A, Series B Food and Beverage, Food Processing, Manufacturing
Weimob
VC Fund
1 China Seed Enterprise, Enterprise Software
Joyvio Group
VC Fund
1 China Series A, Angel Food Processing, Biotechnology, Food and Beverage
Blackstone Group
VC Fund
1 United States, United Kingdom, India Private Equity, Post-IPO Equity, Series B Software, Financial Services, Information Technology
Rongsheng Chuangfu
VC Fund
1 China Angel, Series A, Post-IPO Equity Coffee, Medical, Software
Harvest Capital
VC Fund
1 China Series B, Series A, Angel Food and Beverage, Manufacturing, Tea
Zhuhai Hengqin Shijing Touzi Hehuoqiye (Limited Partnership)
VC Fund
1 China Series B Tea, Consumer, Health Care
Shenzhen Guozhong Venture Capital Management
VC Fund
1 China Series A, Series B, Seed Manufacturing, Health Care, Biotechnology $61k–$64M
Meituan
VC Fund
1 China, India, Nigeria Series B, Series A, Series C Food and Beverage, Artificial Intelligence, Robotics $1.4M–$188M
Magic Capital
VC Fund
1 China, United States, Hong Kong Series A, Seed, Angel Education, Internet, Artificial Intelligence $142k–$14M
Zhejiang Timeshare Capital
VC Fund
1 China Series A Seafood, Catering, Restaurants
Fortune Venture Capital
VC Fund
1 China, Japan, United States Series A, Series B, Seed Manufacturing, Software, Information Technology $425k–$73M
Light-Up Capital
VC Fund
1 China Series A, Angel Retail, Software, Health Care $7.1M–$10M
Hony Capital
VC Fund
1 China, United States, Hong Kong Series A, Series B E-Commerce, Food and Beverage, Biotechnology $3.8M–$390M
Gaw Capital Partners
VC Fund
1 China, Singapore, United States Series A, Seed, Series C Real Estate, Hotel, Internet $3M–$250M
Volcanics Venture
VC Fund
1 China, United States, Hong Kong Series A, Series B Health Care, Artificial Intelligence, Biotechnology $425k–$60M
JBC
VC Fund
1 China Series A, Seed, Series B Manufacturing, Semiconductor, Application Specific Integrated Circuit (ASIC) $1.4M–$71M
Fosun International
VC Fund
1 China, United States, Israel Series A, Series B, Series C Health Care, Manufacturing, Information Technology $1.4M–$99M
Fosun Pharma
VC Fund
1 China, United States, Israel Series A, Seed Health Care, Biotechnology, Pharmaceutical $1.4M–$28M
Zero2IPO Ventures
VC Fund
1 China, Taiwan, India Series A, Series B, Angel E-Commerce, Internet, Education $142k–$42M
TL Data
VC Fund
1 China Series A Catering, Payments, Restaurants
IDG Capital
VC Fund
1 China, United States, India Series A, Series B, Series C Software, Internet, E-Commerce $3M–$190M
Zhongmi Capital
VC Fund
1 China Series A, Seed, Series B SaaS, Music, Software $662k–$21M
DT Capital Partners
VC Fund
1 China, United States, South Korea Series A, Series B, Series C Health Care, Medical, Biotechnology $1.4M–$92M
Access all 159 VC funds in China Restaurants startups.

Access 48,091 investors

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

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Investor list

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

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

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

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Investment focus

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

Investor stats

  • Total investments: 39
  • Round size: Seed $140k–$3.2M; Angel $425k–$1.4M; Series A $3M–$16M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — 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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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, Medical
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 127
  • Round size: Series A $1.4M–$16M; Series B $14M–$142M; Series C $14M–$162M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $68M in 2019

Portfolio highlights

  • LAN
  • Insight Technology — Insight Technology is an instrument manufacturer and seller company that specializes in instrument sales, intelligent instrument sales, mechanical equipment research and development, and more.
  • Signet Therapeutics — Signet Therapeutics is a cutting-edge firm that conducts research and development on cancer-targeted drugs using AI and organoid disease models.
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ZhenFund
VC Fund · Beijing, Beijing, China · 3 investments in China Restaurants startups

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

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Investment focus

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

Investor stats

  • Total investments: 360
  • Round size: Seed $413k–$20M; Angel $425k–$5.7M; Series A $1.4M–$28M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — raised $130M 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.
  • ChatCut — ChatCut lets you edit videos using natural language. Remove repeated takes, restructure content, and cut down for social media with simple prompts. Perfect for interviews and documentaries.
  • Pingxin Technology — Pingxin Technology aims to transform and accelerate the advancement of AI computing by fully integrating data storage and computing into a combined chip architecture, cutting costs and improving efficiency.
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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: 157
  • Round size: Seed $1.2M–$100M; Series A $2.9M–$86M; Series B $10M–$110M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $111M in 2023

Portfolio highlights

  • Laiye — Laiye's innovative Work Execution System(WES) and best-in-class Intelligent Automation (IA) platform, solutions, and products are making your businesses and workforce future-ready.
  • Yunmanman — Yunmanman is the first full mobile Internet-based technologies and development of all applications free mobile APP is committed to providing efficient tube car picking tool for road transport and logistics industry, but for the car to find goods (picking), find goods vehicles ( shipping) provides comprehensive information and transaction services.Yun full membership subtle Shanghai Information Consulting Co., the company is headquartered in Shanghai's Jiading Industrial Zone, green neighborhood, co-founded by a number of executives and many Alibaba logistics industry experts.
  • Yuanfang Youguang — Stoke Voltaics is an outdoor 3C hardware design and development company that develops and sells outdoor 3C hardware products globally.
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Zhencheng Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Restaurants startups

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

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Investment focus

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

Investor stats

  • Total investments: 57
  • Round size: Seed $1.4M–$14M; Series A $1.5M–$28M; Series B $3.5M–$33M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Shuyun — Shuyun is a provider of digital marketing software products and services.
  • HISINGY — Xingqi World HISINGY is a trendy drone brand. The company has three brands, "Xingqi World HISINGY" (UAV entertainment trendy play), "Xingqi Lab SGLRT" (Maker Education), "TCKFILMS" (Special drone video shooting/product). The goal of Xingqi World is to create an "entertainment ecology that spans virtual andreality", and uses technical elements such as drones, games, mixed reality, and metaverse to create a future technology trendy brand.
  • Xiaoyezi — Xiaoyezi is an AI-driven technology music education company, committed to making music education more interesting and efficient through excellent products. The sales of its The ONE smart piano has been in the forefront of the same category on Tmall 11.11 for seven consecutive years; there are more than 5,000 smart piano classrooms around the world.The smart sparring mode pioneered by Xiaoyezi, through AI error correction, scientific and efficient piano practice. Currently, Xiaoyezi has users in 131 countries around the world.
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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, Pet
  • Stage:Series A, Seed, Series B
  • Geography: China

Investor stats

  • Total investments: 74
  • Round size: Seed $1.4M–$300M; Series A $1.4M–$30M; Series B $2.8M–$57M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Himiao — Himiao is a pet industry-focused company that offers pet items. its aim to create a healthier and happier life for pets and pet lovers.
  • Volant Aerotech — Volant Aerotech is a company specializing in the R&D, manufacturing, and service of passenger eVTOL, an electric vertical take-off and landing aircraft.
  • Zhixin Microelectronics — Zhixinwei is a semiconductor device developer. It is an enterprise focusing on the R&D of third-generation semiconductor power devices
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Pros Partners
VC Fund · Shanghai, Shanghai, China · 2 investments in China Restaurants startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

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

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Investment focus

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

Investor stats

  • Total investments: 131
  • Round size: Seed $1.4M–$28M; Angel $142k–$1.6M; Series A $1.4M–$17M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $138M in 2021

Portfolio highlights

  • Itanium Innovation — Itanium Innovation is a technology company providing integrated integration solutions for distributed edge computing microdata centers.
  • Shufang New Energy — Shenzhen Sufang New Energy focuses on the research, development, and production of lithium-rich manganese-based cathode materials.
  • 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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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.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
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.
Show all investments...

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: 3
  • Lead/follow: 33% lead, 67% 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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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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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: 16
  • Round size: Seed $1.4M–$2.8M; Angel $425k–$4.3M; Series A $1.4M–$3M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Yeting — Yeting is a media company that specializes in the production of audio content.
  • Xiansu Song — Xiansu Song enables the operation analysis of catering businesses in a unified system through data permissions and customized account settings, abstractly producing the comparable data analysis needs of large catering outlets, executingvisual data analysis, ad hoc analysis, data queries, and real-time consumption data analysis. In order to reach arefined operation, the operation is directed to adopt comparable tactics in each connection.
  • 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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Meridian Capital Asia
VC Fund · Shanghai, Shanghai, China · 2 investments in China Restaurants startups

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

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Investment focus

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

Investor stats

  • Total investments: 135
  • Round size: Angel $425k–$14M; Series A $425k–$15M; Series B $1.7M–$28M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

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

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

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Investment focus

  • Industry: Manufacturing, Artificial Intelligence, Food and Beverage
  • Stage:Series A, Series B, Seed
  • Geography: China, Malaysia, Thailand

Investor stats

  • Total investments: 62
  • Round size: Seed $2.8M–$10M; Series A $11M–$71M; Series B $3M–$80M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Aikai Electrical Appliances — Aikai Electrical Appliances is a vehicle refrigerator supplier. Focus on mobile refrigeration equipment, accessories, and refrigeration systems research & development, and provide full mobile refrigeration solutions for a variety of circumstances.
  • Zhile Technology — Zhile Technology is primarily involved in the design, development, and marketing of intelligent fitness goods and content. Zhile Technology has developed an eco-chain of intelligent sports and fitness devices that integrates "hardware + software + content," guided by product categories. Its primary offerings include exercise bikes,walking and running machines, and more.
  • 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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Loyal Valley Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Restaurants startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

Founded in 2005, Hillhouse is a leading global investment management firm, active across public equity, private equity, real estate and private credit. The firm invests over a long-term horizon and partners with exceptional entrepreneurs to deliver sustainable value creation for quality companies.Hillhouse is a full life-cycle private equityfirm, investing for the long term across opportunities in the healthcare, business services, consumer, and industrials sectors. The firm manages capital on behalf of global institutions such as non-profit foundations, endowments, and pensions.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Software
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 138
  • Lead/follow: no public data

Portfolio highlights

  • CarDekho — Thinking of buying a car? At CarDekho.com, buy new and used cars, search by filter and preferences, compare cars, read latest news and updates, see 360 views & more!
  • Pulse — Pulse is a health care service provider that assess coronary physiology and biomechanics through innovative techniques.
  • Paper Boat — Paper Boat healthy and tasty nuts and trail mixes delivered at your doorstep. Our ingredients are prepared individually - our nuts are slow-roasted to preserve its original flavour & maintain crunchiness, our berries are tossed in beautiful aromatic spices, and then combined to bring the perfect balance of flavours.
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Dayone Capital
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Restaurants startups

Dayone Capital is a multi-stage consumer specialist investment manager

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Investment focus

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

Investor stats

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

Portfolio highlights

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

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

Capital Nuts is a China-based, early stage fund, specializing in consumer-focused, online technology investments.Specialist areas include mobile internet, digital entertainment content, and e-commerce/e-business, with available funding ranging from $100,000-$5,000,000 per investment.Capital Nuts also offers market entry services tostartups approaching China, as well as an incubator to help startups develop within the market.The fund's partners have been active in China's online industry since the late 1990's, and provide its startup investments with funding, insight, and business development channels to the opportunities within the dynamic China market.

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Investment focus

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

Investor stats

  • Total investments: 31
  • Lead/follow: no public data

Portfolio highlights

  • Ulanzi — Ulanzi offers a wide stock of the Best Camera Accessories ranging from Camera Tripod, Mini Flexible Tripod Stand with Hidden Phone Holder w Cold Shoe Mount & more at best prices.
  • Bigverse — Bigverse is a digital art trading platform that aims to provide an "open, interesting, thoughtful, and soulful" creative sharing space.
  • Dashi City Optics — Dashi City Optics provides a one-stop solution for the contact lens supply chain.
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Jiaxing Yuanhuan Equity Investment Partnership
VC Fund · 1 investments in China Restaurants startups

Jiaxing Yuanhuan Equity Investment Partnership operates as an investment firm.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Oddington Burger — Oddington Burger is a restaurant chain brand mainly engaged in Chinese-style burgers.
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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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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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Liepin
VC Fund · Beijing, Beijing, China · 1 investments in China Restaurants startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

Innohub Capital accelerates global blockchain innovations by leveraging China opportunities.

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Investment focus

  • Industry: Media and Entertainment, Information Technology, Children
  • Stage:Seed, Angel, Series A
  • Geography: China, Australia, Hong Kong

Investor stats

  • Total investments: 22
  • Lead/follow: no public data

Portfolio highlights

  • InnoChain Data — InnoChain Data is committed to using blockchain technology to help the upgrading and transformation of China's real economy.
  • F5 Future Store — F5 Future Store is a 24-hour smart unmanned convenience store that uses a combination of machine automation and artificial algorithms instead of labor. All cooking, brewing drinks, picking, clearing, inventory, cleaning work are done by the machine automatically.
  • Cosmic Singularity — Cosmic Singularity is a digital platform for anchors and live broadcast rooms.
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Yisan Capital
VC Fund · 1 investments in China Restaurants startups

Yisan Capital

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Investment focus

  • Industry: Food and Beverage, Food Processing, Manufacturing
  • Stage:Seed, Series A, Series B
  • Geography: China

Investor stats

  • Total investments: 8
  • Lead/follow: no public data

Portfolio highlights

  • Öarmilk — Öarmilk is a dairy product manufacturer providing the low temperature and short shelf life for fresh dairy products.
  • Peijie Hotpot — Peijie Hotpot provides catering management services. They also provide a catering chain, fast moving food, culture management and entertainment supervision, and hotel management services.
  • Yuanfang Youguang — Stoke Voltaics is an outdoor 3C hardware design and development company that develops and sells outdoor 3C hardware products globally.
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Weimob
VC Fund · Shanghai, Shanghai, China · 1 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: Enterprise, Enterprise Software
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Mabang ERP — Mabang ERP is a provider of software and IT services.
  • TG ShangYou — TG ShangYou is a basic take-out service provider, aiming to help brands do better in take-out business. They provide basic business services from front-end to back-end, including business operation, guidance of dish design through big data, mid-stage docking solutions, packaging design, platform buckle negotiation, distribution solutions, platformtraffic operation, human resource outsourcing, and network wide marketers.
  • Hangzhou Jiejing Technology — Hangzhou Jiejing Technology is a supplier of information technology for education. It is designed to establish a era of educational information technology and ecology, using data and technology as the engine. It also offers educational institutions digital operations management solutions. The wheat show, wheat enterprise micro assistant, wheatschool newsletter, wheat cloud classroom, wheat punch card, wheat academy, and wheat cashier are all part of the product system.
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Joyvio Group
VC Fund · Beijing, Beijing, China · 1 investments in China Restaurants startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

Blackstone Group is a private equity firm that invests in private equity, real estate, public debt, equity, non-investment grade credit, real assets, and secondary funds.

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Investment focus

  • Industry: Software, Financial Services, Information Technology
  • Stage:Private Equity, Post-IPO Equity, Series B
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 205
  • Lead/follow: no public data

Portfolio highlights

  • Entrata — Entrata property management software connects all of your property data and processes, allowing you to create better experiences for everyone. Better property management software.
  • Rive Technology — Upgrade resid by using coke selective, metals tolerant, catalyst technologies including vanadium, nickel and iron metal traps. Effective catalyst design from Grace with the right ratio of mesoporosity and macroporosity and an effective matrix for bottoms cracking and coke selectivity allows for processing cost effective challenging heavy crudes.
  • LifeScience Logistics — LSL is the leading healthcare supply chain solution for government and commercial healthcare warehousing and distribution needs.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Rongsheng Chuangfu
VC Fund · Beijing, Beijing, China · 1 investments in China Restaurants startups

Rongsheng Chuangfu is an investment firm.

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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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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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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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Shenzhen Guozhong Venture Capital Management
VC Fund · Shenzhen, Guangdong, China · 1 investments in China Restaurants startups, 10 in the past 12 months

Shenzhen Guozhong Venture Capital Management CO. LTD.(GZVCM) was founded on 21st of December 2015, currently being entrusted to manage the first entity fund of Small Medium Enterprises Development Fund(SHENZHEN)LLP with a size of 6 Billion Yuan.Guozhong Venture Capital with a registered size of 100million Yuan, partners consisting Shenzhenventure capital group (49%) and the management team of Small Medium Enterprise Development Fund (SHENZHEN) (51%).

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Investment focus

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

Investor stats

  • Total investments: 113
  • Round size: Seed $61k–$14M; Series A $211k–$35M; Series B $3.8M–$64M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Senas Medical — Senas Medical focuses on innovative cardiac electrophysiology solutions.
  • Linkerbot — Lingxin Qiaoshou focuses on the research and development and production of embodied intelligent platforms with "dexterous hands + cloud-based intelligent brain" as the core.
  • Han'ao Intelligent — Han'ao Intelligent focus on electrolytic milling + five-axis/multi-axis linkage technology.
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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: 87
  • Round size: Series A $1.4M–$142M; Series B $2.9M–$188M; Series C $28M–$170M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $410M in 2017

Portfolio highlights

  • Galaxy Bot — Galaxy Bot is an innovative robotics company that provides intelligent universal service robotic products.
  • Unitree Robotics — Unitree focus on the development of four-legged robot mobile platform and related power system components
  • VisionNav Robotics — VisionNav Robotics is an unmanned industrial vehicle technology provider company.
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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: 47
  • Round size: Seed $142k–$3M; Angel $242k–$8.3M; Series A $200k–$14M
  • Lead/follow: 11% lead, 89% 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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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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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: 243
  • Round size: Seed $425k–$73M; Series A $1.4M–$41M; Series B $2.8M–$56M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $780M in 2021

Portfolio highlights

  • Transcenta — Transcenta is a global biotherapeutic company that fully integrates antibody-based biotherapeutics discovery, R&D and manufacture, focusing on developing innovative antibodies to help more patients. HJB and MabSpace Biosciences merged and created Transcenta.
  • 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.
  • Meiwei Dental Group — Meiwei Dental Medical Group is affiliated to Tianyi Group and is committed to opening up the overall health management of the whole people from the prevention, opening up to create the “China's first platform for oral medicine”, and through strategic investment, standard output, medical technology improvement and brand management as excellentin China. Oral medical brands and experts empower and achieve personalized development, and jointly promote the rapid development of the private dental health industry. Meiwei Dental cooperates with DNV GL, an internationally recognized certification body, to establish the first internationally-advanced dental clinic management system and medical standard “M+” management certification, and empowers partners through the construction of “five-one-one license”. Achieve scientific research and innovation and talent cultivation academicization, based on SaaS cloud platform informationization, medical and therapeutic environment comfort, medical service specialization, consumables and equipment refinement. Through the introduction of the "business partner" mechanism, the company has created a "stable and win-win" community of destiny, with the principle of complementarity and mutual integration, and the cooperation of partners in the medical capital, talent, technology, market, management and other dimensions. Carry out all-round empowerment. At present, Meiwei has invested in the acquisition of Weile Dental, Xinqiao Oral, Zhongshan Oral, DUANG DUANG Children's Oral, Meier Oral, Love Tooth, Hanmei Oral, Zhimei Dental, Tsinghua Sunshine Oral, Houcheng Oral, Hengmei Oral, Small The White Rabbit has a total of 12 dental chain brands covering 35 cities and 130 dental hospitals and clinics.
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Light-Up Capital
VC Fund · Tianjin, Guangdong, China · 1 investments in China Restaurants startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

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

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Investment focus

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

Investor stats

  • Total investments: 66
  • Round size: Series A $6.4M–$390M; Series B $3.8M–$76M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • LaNova Medicines — LaNova Medicines is a clinical-stage innovative drug research and development company. The company focuses on the unmet therapeutic needs in the field of tumor immunity and tumor microenvironment and focuses on the research and development of "world's first" and "best-in-class" potential bio-innovative drugs.
  • Excalipoint Therapetics — Excalipoint Therapeutics is a Private limited company.
  • Zhongguancun Shuimu Medical Technology — Shuimu Medical is a third-party professional medical device inspection and testing institution.
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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, Hotel, Internet
  • Stage:Series A, Seed, Series C
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 22
  • Round size: Seed $3M–$11M; Series A $4.8M–$25M; Series C $11M–$250M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — raised $430M 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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Volcanics Venture
VC Fund · Changning, Shanghai, China · 1 investments in China Restaurants startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Alluxio — Accelerate AI workloads, increase GPU utilization, and reduce infrastructure costs with Alluxio's AI-optimized, highly-distributed cache.
  • Triastek — Triastek develops 3D printed medicines and the production facilities to manufacture them and has already filed patent applications for its technology.
  • Vision Medicals — Vision Medicals is a provider of pathogenic gene diagnostic services, focusing on infection-precise medical treatment, high-throughput sequencing-based pathogen metagenomics and CRISPR-based rapid diagnosis and other new technologies, effectively improving the detection ability of clinical pathogens and shortening The reporting cycle acceleratedthe development of the infection-accurate medical industry. The company developed a pathogenic nucleic acid enrichment technology with independent intellectual property rights for the detection of pathogenic micronucleic acids in clinical samples. The pathogen macro was established through the accumulation of pathogen detection big data. Genomics intelligent analysis and reporting system.
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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 $1.4M–$7.1M; Series A $1.4M–$28M; 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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Fosun International
VC Fund · Shanghai, Shanghai, China · 1 investments in China Restaurants startups

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

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Investment focus

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

Investor stats

  • Total investments: 120
  • Round size: Series A $1.4M–$16M; Series B $4M–$35M; Series C $4.3M–$99M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • 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.
  • Maifu Precision — Maifu Precision is a company focusing on providing high-end automation solutions for the plastics industry, covering injection molding and assembly processes.
  • Digital Asset Clearing Center — DACC's technology links blockchain networks with conventional payment infrastructure, such as China's Cross-Border Interbank Payment System (CIPS), to offer clearing and settlement services for tokenized assets.
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Fosun Pharma
VC Fund · Shanghai, Shanghai, China · 1 investments in China Restaurants startups

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

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Investment focus

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

Investor stats

  • Total investments: 40
  • Round size: Seed $5.1M–$28M; Series A $1.4M–$17M
  • Lead/follow: 55% lead, 45% follow

Portfolio highlights

  • Primelink Bio — Primelink Bio is a Biotechnology firm that is working to to develop next generation of drug delivery systems.
  • Aomingxingcheng — Aomingxingcheng is a cutting-edge AI4S (AI for Science) technology company.
  • Fosun United Health Insurance — Fosun United Health Insurance provides a wide range of medical insurance, disease insurance, disability income loss insurance, nursing care insurance, and accident coverage. The company is dedicated to providing high-quality products throughout their lifecycle and developing a comprehensive service system to support them.
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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: 85
  • 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.
  • Forvision — Forvision focuses on low-speed autonomous driving and is committed to implementing the most advanced intelligent driving technologies.
  • Xuntu Technology — Xuntu Technology is a leading data intelligence provider specializing in investment research and decision-making solutions.
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TL Data
VC Fund · 1 investments in China Restaurants startups

TL Data

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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.
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IDG Capital
VC Fund · Beijing, Beijing, China · 1 investments in China Restaurants startups

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

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Investment focus

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

Investor stats

  • Total investments: 708
  • Round size: Series A $3M–$112M; Series B $7.4M–$142M; Series C $14M–$190M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Supreium — Chuang Technology focuses on the research and application of computer-aided engineering and intelligent industrial design, independently develops the underlying algorithm solver, provides cloud-native intelligent cloud simulation and intelligent design services, and provides high-performance CAE algorithms, intelligent optimization algorithms andindustrial Software research and development and other fields have been at the international forefront.
  • uSens — 26DOF Hand Tracking and 6DOF SLAM solutions that is changing how we interact with technology, and bring augmented, virtual and mixed reality experiences to life.
  • Star Charge — Star Charge focuses on developing and manufacturing the new energy vehicle charging equipment.
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Zhongmi Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in China Restaurants startups

Zhongmi Capital is a venture capital firm, focuses on investments in the fields of big data, pan-entertainment, digital marketing, and sports.

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Investment focus

  • Industry: SaaS, Music, Software
  • Stage:Series A, Seed, Series B
  • Geography: China

Investor stats

  • Total investments: 11
  • Round size: Series A $662k–$21M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Oat Planet — Oat Planet is a healthy plant-based beverages company.
  • Shenzhen Jijia — Shenzhen Jijia is a professional SaaS service provider focusing on Amazon cross-border e-commerce.
  • Quantitative Advertising — Quantitative Advertising is an advertising delivery tool.
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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: 130
  • Round size: Series A $1.4M–$28M; Series B $2.8M–$90M; Series C $16M–$92M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $277M in 2019

Portfolio highlights

  • Aijie Boya — Aijie Boya is a medical instrument and magnetic solid-phase material company.
  • CiMicro.Ai — CiMicro.ai is an AI‑chip startup building compute‑in‑memory (CiM)‑based heterogeneous accelerators for high‑efficiency, low‑cost large‑language‑model inference.
  • Villanelle Life — Villanelle Life is a biotechnology company that specializes in creating AI drugs, early screening, and auxiliary diagnosis platforms to solve complex diseases.
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Restaurants VC funding in China at a glance

Stats across 112 deals from 159 investors.

159
investors
in China Restaurants startups
112
deals
in China Restaurants startups
$5M
median round
in China Restaurants startups
45%
lead investors
lead at least one round
35%
Series A
most common funding stage

Access all 159 VC funds in China Restaurants startups.

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