Get 250+ investors tailored to your startup

Invest in your industry and stage
Emails & contact info included
Excel and CSV export
Automatically

Trusted by 3,000+ startups

Top 50 Restaurants VC (Venture Capital) Funds in China in May 2025

Last updated: May 2025 A list of 50 VC (Venture Capital) funds that invest in Restaurants startups based in China. We rank investors based on the number of investments they made in Restaurants companies from China. We update this investor list every month.

Top 50 Restaurants VC (Venture Capital) Funds in China in May 2025

Investor	Restaurants China investments
kaoputou.com	4
Buhuo Ventures	3
Tiantu Capital	3
ZhenFund	3
Meridian Capital Asia	2
Lightspeed China Partners	2
Pros Partners	2
Qingsong Fund	2
Jinding Capital	2
Vision Knight Capital	2
Zhencheng Capital	2
Zhenshun Jijin	2
Meituan	1
Huaying Capital	1
Inward Fund	1
Liepin	1
Joyvio Group	1
Magic Capital	1
Plum Ventures	1
Hony Capital	1
Blackstone Group	1
Intelligent Capital	1
Baidu	1
Volcanics Venture	1
Rongsheng Chuangfu	1
Liuyi Touzi	1
Zhongtai Securities	1
QF Capital	1
Yimei Capital	1
Jinyi Capital	1
Zhongmi Capital	1
XVC	1
Black Ant Group	1
Zero2IPO Ventures	1
Suzhou International Development Venture Capital	1
Yiyi	1
Innohub Capital	1
THG Ventures	1
JBC	1
Telescope Investment	1
Fosun International	1
Shixinronghe Investment Management	1
Zhejiang Timeshare Capital	1
Bofu Fund Management	1
Loyal Valley Capital	1
Hillhouse Investment	1
IDG Capital	1
Beyond Ventures	1
DT Capital Partners	1
Pfaff Star	1

Find investors that fund startups like yours. Automatically.

Our algorithm will find investors that invest in your industry, stage, and geography.

Investor list

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

Investment focus

Food and Beverage, Catering, Restaurants
Series A, Funding Round, Angel
China

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.

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

Investment focus

Food and Beverage, E-Commerce, B2B
Series A, Angel, Seed
China

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.

Tiantu Capital is a venture capital association.

Investment focus

Food and Beverage, E-Commerce, Health Care
Series A, Series B, Series C
China, United States, Japan

Portfolio highlights

Recorna Bio — Recorna Bio specializes in biotechnology, focusing on RNA editing and genome modifications through advanced research and development. They aim to innovate in genetic engineering, contributing to advancements in biomedicine and agriculture with cutting-edge technologies and scientific expertise.
Leman Biotech — Leman Biotech is a biotech company that is engaged in development of cancer immunotherapies.
Xellar Biosystems — Xellar Biosystems is a wet artificial intelligence biotechnology company that provides analysis of drug testing and treatment.

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.

Investment focus

Artificial Intelligence, Software, E-Commerce
Series A, Seed, Series B
China, United States, Singapore

Portfolio highlights

Manus AI — Manus is a general AI agent that turns your thoughts into actions. It excels at various tasks in work and life, getting everything done while you rest.
Dyna Robotics — We're making Al-powered robotic automation accessible for businesses of all sizes by building affordable, easy-to-deploy Autonomous Al Robots.
Nailo Technology — Nailuo Technology is a company which focuses on technical services, technology development and software development.

Meridian Capital is the leading TMT field of venture capital institution in China. They have a wide range of investment layout in the mobile Internet and media entertainment field and they have a vibrant and experienced investment team.Meridian Capital’s investment area is relatively concentrated, and its investment can be regarded as investmentwithin the industry. They have a wide range of layout-oriented investments in the core areas of industry such as culture and entertainment, consumption upgrades, Internet finance, and enterprise services, with the flow of inputs and realization methods. It has a clear view of development in the industry and sub-industries. Social, online-business, education, health care, real-estate, car business, digital reading, digital marketing, music, film and television, games, entertainment community and etc, industrial cluster effect is obvious.Since its inception in 2008, Meridian Capital is committed to focusing on investment in culture new media fields, currently it is mainly concerned with culture entertainment, consumption upgrading, Internet finance, and corporate service fields, it has issued 5 RMB funds, and 2 Singapore currency funds, whose total management size topped RMB 5 billion yuan, more than 100 Internet startup enterprises are its beneficiaries. Meridian Capital’s concern for culture new media field is consistently prominent.

Investment focus

Internet, Software, Information Technology
Series A, Angel, Series B
China, Latvia, Hong Kong

Portfolio highlights

Kuafu — Kuafu operates in the food industry and offers various fried skewers and beverages.
Hanhai Energy — Hanhai Energy is dedicated to explore the science and technology to accelerate the commercialization of fusion energy.
Bibost Automotive Electronics — Bibst Automotive Electronics is a provider of automotive electronic products. Bibst provides intelligent chassis core components, chassis domain controllers, and autonomous driving-related technical services.

Lightspeed China Partners is a leading Chinese venture capital firm focusing on early-stage investments. We are the Chinese partners to Lightspeed Venture Partners. Our expertise is in mobile, Internet, technology-enabled services, and enterprise solution companies. We currently manage three USD funds and one RMB fund.Lightspeed China Partners isalso a young team. We value equality, respect and fairness. Our culture reflects our focus, drive for excellence, and our win-win approach to business.We are dedicated to identifying the next generation of entrepreneurial leaders. To accomplish this , we analyze trends, work with creative teams, and undertake joint efforts to pursue early-stage investments. We are honored to help entrepreneurs because your dream is the greatest thing in the world.

Investment focus

Manufacturing, Internet, Software
Series A, Series B, Series C
China, United States, Hong Kong

Portfolio highlights

X Square — X Square is a company focused on developing universal embodied large models for robots, aiming to create a universal brain-cerebellum system that offers comprehensive capabilities from perception to action.
Zhefei Aviation — Zhefei Aviation specializes in providing airworthy avionics, including the IVOS flight control software system and the EPS energy system.
Differential Robotics — Differential Robotics is a robotics company providing research, design, and development of aerial robots and intelligent autonomous drones.

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

Investment focus

Artificial Intelligence, Apps, Mobile
Seed, Series A
China

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.

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.

Investment focus

Manufacturing, Internet, Education
Series A, Angel, Seed
China, United States, Canada

Portfolio highlights

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.
Shufang New Energy — Shenzhen Sufang New Energy focuses on the research, development, and production of lithium-rich manganese-based cathode materials.
Tongwei New Energy — Tongwei New Energy is a company that manufactures zero-carbon solid oxide fuel cells. Its major product is distributed zero-carbon power plants.

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

Investment focus

Manufacturing, Health Care, Pet
Series A, Series B, Seed
China

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.
Daimeng Robot — Daimeng Robot is dedicated to creating multi-series general-purpose humanoid robot products that are actually commercially available and concentrate on their research and production. It offers a comprehensive selection of goods and cutting-edge answers for situations including intelligent manufacturing, logistics, and commercial services.
Huaban Biotechnology — Huaban Biotech is dedicated to the innovative research and development of new materials for medical aesthetics.

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.

Investment focus

Food and Beverage, Artificial Intelligence, Information Technology
Series A, Series B, Series C
China, Malaysia, Thailand

Portfolio highlights

Noematrix — Noematrix is an embodied intelligence company that specializes in innovative general robotic intelligence solutions and services.
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.
Hicon Industry Technology — Hicon Industry Technology is a manufacturer in China, developing, manufacturing, and marketing household refrigeration appliances.

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

Investment focus

Manufacturing, Software, Information Technology
Series A, Series B, Seed
China, United States, Singapore

Portfolio highlights

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.
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.

Zhenshun Jijin is an early-stage investment fund.

Investment focus

Health Care, Internet, E-Commerce
Angel, Series A, Seed
China

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.

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.Zhang Tao 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.

Investment focus

Food and Beverage, Artificial Intelligence, Robotics
Series B, Series A, Series C
China, India, Nigeria

Portfolio highlights

Umetrip — Umetrip offers fundamental assistance for upgrading and coordinated growth of the industrial chain. Umetrip provides digital solutions such as flight dynamics data, intelligent customer service, and smart terminals.
Zhipu AI — Zhipu AI combines large-scale knowledge map built by itself to form a two-wheel-driven artificial intelligence framework through R&D.
Galaxy Bot — Galaxy Bot is an innovative robotics company that provides intelligent universal service robotic products.

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

Investment focus

Information Technology, Software, E-Commerce
Series A, Series B, Series C
China, Hong Kong

Portfolio highlights

Chunyu Yisheng — Chunyu Yisheng is a mobile application that enables physicians and their patients to communicate with each other.The application provides physicians with access to their patients’ medical records. Furthermore, it enables the patients to communicate and schedule appointments with the doctors. In addition, it offers reservation line treatmentservices to its users.Chunyu Yisheng was launched in 2011 by Rui Zhang and is based in Beijing.
Hanhai Energy — Hanhai Energy is dedicated to explore the science and technology to accelerate the commercialization of fusion energy.
Zhongke Guosheng — Zhongke Guosheng is a bio-based materials R&D firm that designs and develops furan-based bio-based materials.

Inward Fund is an investment firm.

Investment focus

Coffee, Restaurants, Food and Beverage
Series A
China

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.

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.

Investment focus

Retail, Employment, Recruiting
Seed, Angel
China

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.

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.

Investment focus

Food Processing, Biotechnology, Food and Beverage
Series A, Angel
China

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.

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.

Investment focus

Education, Internet, Artificial Intelligence
Series A, Seed, Angel
China, United States, Hong Kong

Portfolio highlights

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.
Noematrix — Noematrix is an embodied intelligence company that specializes in innovative general robotic intelligence solutions and services.
Weiming Smart — Weiming Smart is a technology company focused on machining intelligent manufacturing.The company is deeply involved in the precision processing industry, creatively integrating production management software and Internet platform technology into production management, building a comprehensive data information system on the production sitethrough equipment networking and data collection, and combining sensors, edge computing, cloud computing, and other technologies.

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

Investment focus

E-Commerce, Software, Manufacturing
Series A, Angel, Seed
China, United States, Japan

Portfolio highlights

Ubinexus — Ubinexus focuses on the overall design capabilities of satellite communication payloads and satellite-based comprehensive digital processing technology to meet the multi-dimensional needs of low-orbit mega-constellation construction and provide users with the world's leading communication payload system.
ViTai Robotics — ViTai develops hand-eye coordination algorithms and general-purpose tactile sensing modules for robotic end-effectors.
Multiway Robotics — Multiway Robotics is an advanced intelligent on-site logistics solutions provider.

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

Investment focus

E-Commerce, Food and Beverage, Biotechnology
Series A, Series B, Funding Round
China, United States, Italy

Portfolio highlights

CVA Chip — Xihua has a multi-modal Sparrow architecture platform similar to CortexM. The research and planning projects based on the Sparrow platform include 3D face recognition vision chips, binocular vision chips, intelligent decoding Scaler chips, MCU+ perception/driver series chips, etc.
Veminsyn — Veminsyn is a biotech manufacturing firm that conducts research and produces healthcare and agricultural products.
Guangyu Mingdao — Guangyu Mingdao is an industrial internet platform.

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.

Investment focus

Financial Services, Software, Information Technology
Private Equity, Post-IPO Equity, Series B
United States, United Kingdom, India

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.
Consumer Cellular — Consumer Cellular is a postpaid mobile virtual network operator that offers cellular phones and service plans.It provides cellphones, no-contract cellphone plans, and accessories with a focus on users age 50-plus. Consumer Cellular’s wireless phones and plans are sold through Target, AARP, and directly over the internet. The company leasesnetwork capacity from AT&T and T-Mobile. It has been ranked on the Inc. 5000 list for four years in a row. John Marick and Greg Pryor established the company in Portland, Oregon in 1995.
Apollo — Apollo is a leading provider of alternative asset management and retirement solutions.

Intelligent Capital is a private equity investment fund.

Investment focus

Food and Beverage, E-Commerce, Restaurants
Angel, Series B, Post-IPO Equity
China

Portfolio highlights

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

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.

Investment focus

Internet, Software, Automotive
Series A, Series B, Series C
China, United States, Israel

Portfolio highlights

HiBug — HiBug is an AI programming solution provider that focuses on the research and development of important technologies for natural language processing and huge models.
Shengshu Technology — Shengshu Technology is an artificial intelligence solution provider that focuses on the creation of multi-modal generative big models and application products. It offers broad services to institutional businesses and technical service providers in specific industries.
Light and Magic Technology — Light & Magic is a team of industry experts dedicated to creating innovative technology solutions that empower artists and creators to unleash their unlimited potential.

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.

Investment focus

Health Care, Biotechnology, Software
Series A, Series B, Seed
China, United States

Portfolio highlights

Fabrie — Fabrie develops collaboration tool for designers that has functions such as multi-person collaboration, table and diagram association, cloud storage and sharing.
Aiagain — Aiagain is the provider of an online WeChat management platform for WeChat sellers.
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. .

Rongsheng Chuangfu is an investment firm.

Investment focus

Coffee, Medical, Software
Angel, Series A, Post-IPO Equity
China

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.

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

Investment focus

Energy, Restaurants, Manufacturing
Seed
China

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.
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.

Zhongtai Securities Co., Ltd. mainly provides financial services such as high net worth asset allocation, investment liquidation, and other investment services across 28 provinces in China. The company also provides credit services to individual and corporate investors.

Investment focus

Information Technology, Manufacturing, Education
Post-IPO Equity, Series A, Angel
China

Portfolio highlights

Singsun — Singsun is a service provider focusing on providing advanced smart photovoltaic tracking support system solutions and intelligent manufacturing.
Elink — Elink is an intelligent building integration and data service provider.
WalkingPad — Founder of Walking Pad. The world's only Treadmill with body-fold Technology. Foldable, Compact, Under desk Walkingpad provides a perfect exercise experience at home&Office. Shop your first Walkingpad with best price here!

QF Capital is a fund management company that focuses on private equity investments.

Investment focus

E-Commerce, Artificial Intelligence, Software
Series A, Angel, Seed
China, Hong Kong, United States

Portfolio highlights

Tianlin — Tianlin Holdings provides robotic intelligent construction services, with a focus on creating an ecosystem that includes intelligent construction robots, green building materials, and intelligent construction digital platforms.
Traverser — Traverser is a commercial manned aerospace technology company that develops reusable manned spacecraft and operates space tourism activities.
Anqing Technology — Anqing Technology is a provider of UAV traffic management services and equipment, as well as safe and controllable autonomous flight technology. SafeSky UAV traffic management UTM software and over-the-horizon autonomous drones placed on UAVs are among its primary offerings. Smart box in flight, autonomous flying drone beyond sight range.

YiMei Capital has been serving established global and local institutional clients in China

Investment focus

Medical, Health Care, Biotechnology
Seed, Series B, Funding Round
China, United States

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.

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

Investment focus

Health Care, Cosmetics, Biotechnology
Series B, Seed, Series C
China

Portfolio highlights

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

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

Investment focus

Music, Information Technology, Software
Series A, Seed, Series B
China

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.

XVC is a venture capital firm that typically invests between 1.5 and 15 million USD (or RMB equivalent) per company.The company aims to search for visionary entrepreneurs, build partnership with them, and maximize their success with company's capital, experience, network and global vision. In order to move fast and be responsive, XVC keepstheir organization lean and focus only on big ideas.

Investment focus

Education, Artificial Intelligence, Information Technology
Series B, Series A, Series C
China, Singapore, United States

Portfolio highlights

Finture — Finture is the first Neobanking fintech company to provide Credit card and Credit payment business in SEA
Zanecon — Zhucheng Technology is a high-tech enterprise that develops smart construction solutions. Zhucheng Technology applies core technologies such as AI, environmental perception, deep learning, and servo control to the field of construction, and independently develops a variety of construction robot products.
Leading Magpie Technology — Magpie Technology focuses on research, development and production of construction robots, with an emphasis on building and decorating.

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.

Investment focus

Retail, Food and Beverage, Tea
Series B, Series A, Angel
China

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.
Brother Zhou — Brother Zhou is a restaurant chain specializing in hot pot dishes using Dasaoyao slices as the signature dish.
Seesaw Coffee — Seesaw Coffee provides unique coffee experiences to the communities.

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.

Investment focus

E-Commerce, Internet, Education
Series A, Series B, Angel
China, India, Taiwan

Portfolio highlights

AlpsenTek — AlpsenTek is a company engaged in the research and development of machine vision sensors and algorithms.
Reistone Biopharma — Reistone Biopharma is a clinical stage biopharmaceutical company. It is focused on rapidly developing innovative medicines through global collaborations within Research and Development
Pleryon Therapeutics — Innovations in biofunctional polymers

Suzhou International Development Venture Capital is a venture capital and private equity firm.

Investment focus

Manufacturing, Semiconductor, Advanced Materials
Funding Round, Series A, Angel
China, United States

Portfolio highlights

Natus — Nators specializes in precision motion positioning platforms, mechanical sensors, and nanoscience instruments, the company has developed precision positioning and sensing products for various applications, including optics, microscopy, and nano-level characterization and analysis. With a strong R&D capability and a complete production capacity,the company has become a partner of many domestic laboratories.
Aerospace Times Feipeng — Aerospace Times Feipeng is an aerospace company that specializes in R&D, design and production of unmanned transport aircraft.
Shengyin Optoelectronics — Shengyin Optoelectronics is a platform-based micro-nano manufacturing firm that creates ornamental films for electrical appliances and portable electronics.

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

Investment focus

E-Commerce, Information Technology, Software
Angel, Seed, Series A
China

Portfolio highlights

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

Innohub Capital accelerates global blockchain innovations by leveraging China opportunities.

Investment focus

Media and Entertainment, Information Technology, Children
Seed, Angel, Series A
China, Australia, Hong Kong

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.

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.

Investment focus

Information Technology, Software, Manufacturing
Series A, Series B, Angel
China

Portfolio highlights

HiScene — HiScene focuses on researching and developing core technologies and products for augmented reality. The company is committed to be an artificial intelligence company which provides the most natural human-computer interaction and explores the deepest data value.
Robotphoenix — An industrial robot manufacturer in China
XiaoZao Tech — XiaoZao Tech is a farming processor dedicated to the R&D, cultivation, and production of microalgae EPA.

Jinbang Capital is a comprehensive asset management institution

Investment focus

Automotive, Food and Beverage, Electronics
Series A, Seed, Funding Round
China

Portfolio highlights

Mckintey Group — Mckintey Group offers catering services to organizations, industrial parks & commercial buildings in China.
Yixing Technology — Yixing Technology is an automotive electronics technology service company.
Junjiu Electronics — Junjiu Electronics is a high tech enterprise that manufactures OEMs and automotive electronic parts, provides parts testing and consulting services, SOA architecture design and development, designs technical solutions and Controller software and hardware design, development and mass production.

Telescope Investment is a private equity fund focusing on VC/PE investment projects in Chinese market. The office is located in Beijing. The founding team created its unique investment system out of their profound experience in consumer industry and advanced investment philosophy. Telescope Investment mainly focus on those top enterpriseswith high brand value in consumer goods, chain service, education, medical&health and culture industry. The investment stage covers both early stage and maturity stage and the investment scale varies from millions of dollars to tens of millions of dollars according to the specific circumstances of the projects.The investment team is composed of intelligent investment professionals with remarkable management ability and profound financial practical experience. As an emerging force in Chinese capital market, Telescope Investment spares no efforts to help Chinese enterprises achieve success with its advantages on intelligence, social resources and capital operation.

Investment focus

E-Commerce, Information Technology, Artificial Intelligence
Series A, Angel, Series B
China, Nigeria, Australia

Portfolio highlights

Sucheon — Sucheon is an artificial intelligence high-tech enterprise that focuses on machine noise recognition and non-contact production process monitoring and equipment failure prediction.The main solution for the company's product machine auscultation master is to collect machine noise from the SC Box, which is placed in an industrial environment, toextract sound feature values, and to use machine learning to identify the real-time operating status of industrial equipment and the various components. Health indicators .
Starwhale — Starwhale is an MLOps platform to manage machine learning projects, models and datasets.
Lingyu Intelligence — Lingyu Intelligence engages in the manufacturing and sales of industrial robots, intelligent robots and service consumer robots.

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.

Investment focus

Health Care, Manufacturing, Information Technology
Series A, Series B, Series C
China, United States, Israel

Portfolio highlights

Chunyu Yisheng — Chunyu Yisheng is a mobile application that enables physicians and their patients to communicate with each other.The application provides physicians with access to their patients’ medical records. Furthermore, it enables the patients to communicate and schedule appointments with the doctors. In addition, it offers reservation line treatmentservices to its users.Chunyu Yisheng was launched in 2011 by Rui Zhang and is based in Beijing.
Litecore — Litecore is a manufacturer of optoelectronic devices and processors for broadband, large data centers, and information security.
Xinglu Technology — Xinglu Technology is a one-stop ToB digital wealth management platform. It offers financial institution clients a complete line of financial products as well as standardized financial technology solutions.

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

Investment focus

Restaurants, Consumer Goods, Food and Beverage
Seed
China

Portfolio highlights

Modou (Beijing) — Modou (Beijing) operates chain soybean product business.

Zhejiang Timeshare Capital is an investment firm.

Investment focus

Seafood, Catering, Restaurants
Series A
China

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.

Bofu Fund Management is an investment firm.

Investment focus

E-Commerce, Solar, Retail
Series A, Series B, Funding Round
China

Portfolio highlights

Cofoe — Cofoe specializes in the research & development, production and sales of medical equipment.
SolarSpace — SolarSpace engages in the development, production and sales of high-efficiency solar cells.
Jingkong Energy — Jingkong Energy is an energy system research and development platform. They offer services for the development of smart power supply, electric power and energy storage, and fuel cell fields.

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

Investment focus

Biotechnology, Health Care, Pharmaceutical
Series C, Series B, Series A
China, United States, Hong Kong

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.

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.

Investment focus

Manufacturing, Software, Biotechnology
Series A, Series B, Series C
China, United States, Singapore

Portfolio highlights

dinii — Dinii is a mobile order platform for take-out shops.
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.
Horizon Continental Technology — Horizon Continental Technology is a joint venture between Continental Group and Horizon Robotics

IDG Capital is an investment firm that funds early- to growth-stage companies in the technology sector. Today they work with private equity and venture capital fund managers, investment advisors, and business entities from around the world. Their limited partners include many internationally reputable investors, including sovereign wealth funds,pension funds, institutional investors, major charities, university endowments, family offices, and business luminaries.IDG Capital brings a powerful combination of global perspective and local experience to investment management. As long-term value investors, they are highly skilled at mobilizing global resources to address local needs, especially for Inbound and outbound opportunities in China and the rest of Asia. Their highly skilled team has an in-depth understanding of the Chinese market and enjoys close relationships with many influential business leaders.

Investment focus

Software, Internet, E-Commerce
Series A, Series B, Series C
China, United States, India

Portfolio highlights

Hivello — Hivello engages in DePIN (Decentralised Physical Infrastructure Networks) protocols for Web3 applications without any specialized technical knowledge.
Yuewei Medical — Yuewei Medical is a developer of cardiac surgery interventional medical devices.
Qiangua Technology — Qiangua Technology is a Chinese autonomous driving truck company that provides logistics and transportation services based on automated driving technology.

Beyond Ventures is a venture capital and content production firm focused on responsible innovation.

Investment focus

SaaS, Hotel, Retail
Series A
China

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.

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.

Investment focus

Health Care, Medical, Software
Series A, Series B, Series C
China, United States, South Korea

Portfolio highlights

Parylene — Parylene is a provider of protective coating application solutions
CytoNiche — CytoNiche focuses on the development of 3D micro-organization engineering technology. The core technology is derived from the transformation of Tsinghua University's achievements. Based on its original research technology, Huasheng Bio has launched a series of related products and services, including customized, large-scale, automated andintelligent stem cell culture. Amplification process; 3D stem cell micro-tissue regeneration treatment of new drugs and 3D cell high-throughput drug screening products.
Deep Blue Aerospace — Deep Blue Aerospace is a commercial carrier rocket developer.

Pfaff Star is an investment firm.

Investment focus

Catering, Restaurants
Angel
China

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.

Investors by industry

Artificial intelligence