Fresh Capital

Fresh Capital is a venture capital firm established in 2017 and based in Shanghai, China. The firm specializes in investing in consumer product and service companies, particularly those in the fast growth stage. Its investment focus includes sectors such as home and family, food and beverage, children and maternity, education, body and wellness, and consumer finance. Fresh Capital aims to support entrepreneurs by providing comprehensive value-added services, positioning itself as a founders' fund. The firm has a track record of achieving outstanding historical returns and boasts a strong network within the consumer sector, with many of its past investees becoming anchor limited partners.

Shuyang Cao

Partner

Vincent Chen

Associate

Karl Dong

Associate

Zoey Gong

Investment Director

Irene Lu

Director

Jason Shi

Associate

33 past transactions

Tianrui Technology

Angel Round in 2025
Tianrui Technology focuses on catalytic technology, cutting-edge hydrogen energy technologies, and provides a full set of solutions for hydrogen production by water electrolysis. It is committed to the research and development and production of hydrogen production technologies.

OPTTEN Energy

Series B in 2024
Optten is a technology and service provider focused on the chemical and energy industries, particularly within the oil and gas sector, petrochemical industry, and emerging fields such as hydrogen energy and energy storage. The company offers a comprehensive range of solutions and equipment that supports various stages of the energy value chain, including extraction, processing, transportation, and transformation technologies. Optten aims to lead efforts in decarbonizing the global energy system by integrating international resources with domestic market development skills. Its extensive portfolio caters to energy-intensive industries and emphasizes professional assistance, positioning the company as a significant player in the transition towards sustainable energy solutions.

Jifeng Technology

Seed Round in 2024
Jifeng Technology is a developer of industrial vertical AI large models, offering AI overall solutions for energy, equipment, and process scenarios in process industries in order to improve efficiency and minimize emissions.

Yili Electromagnetic Technology

Venture Round in 2024
Yili Electromagnetic Technology specialized in the design, development, and manufacturing of vital parts for sophisticated automobile intelligent electronically controlled suspensions, such as solenoid valves.

Zhongke Kele

Seed Round in 2024
Zhongke Kele offers high-end polyolefin catalysts and materials.

Beike Yunhong

Series A in 2024
Beike Yunhong is a company focused on new materials, specifically in the area of hazardous waste disposal and the management of multi-source bulk industrial solid waste. It specializes in the production of low-carbon cementitious materials derived from all solid waste, offering solutions that are environmentally sustainable. The company develops and provides technologies for recycling bulk industrial solid waste, with its primary products being burn-free cementitious materials. These innovations cater to industrial users in the building materials sector, promoting the use of low-carbon solutions to meet growing environmental and regulatory demands.

Qiyuan Core Power Technology

Series B in 2024
Qiyuan Core Power Technology provides services and solutions for green energy.

Huayi New Energy

Series B in 2023
Huayi New Energy is a high-tech enterprise dedicated to the research and development, as well as the production, of evaporative cooling and energy-saving air conditioning systems. The company's products are primarily utilized in data centers, communication equipment rooms, large venues, commercial buildings, and industrial plants. By providing efficient and intelligent cooling solutions, Huayi New Energy aims to enhance energy efficiency and performance in various sectors that require effective climate control.

CarPro

Series A in 2023
CarPro is an automotive head-up display system developer company. The company's offerings include the rear-mounted CarPro Mini, the front W-HUD, the pre-installed AR-HUD, and the quasi-front W-HUD. The company enables travel by providing unique technology services.

Juno capital

Series A in 2023
Juno capital is a low-carbon service operator.

Ensonic

Series B in 2023
Ensonic specializes in acoustic detection AI technology, focusing on industrial applications. The company offers industrial acoustics monitoring solutions that analyze the characteristics of mechanical motion, allowing for real-time monitoring of industrial equipment. Its products provide accurate diagnostic results, which are beneficial in sectors such as intelligent manufacturing, energy, electric power, and rail transit. This technology enables customers to effectively manage and monitor the performance of their machinery, enhancing operational efficiency and reliability across various industries.

Legend Energy

Series B in 2023
Legend Energy specializes in clean, low-carbon energy storage solutions, offering a range of products and services designed for efficient energy management. The company focuses on integrating software and hardware for lithium battery storage, leveraging advanced artificial intelligence algorithms and energy storage system integration technology. Its portfolio includes an energy Internet of Things (IoT) platform, a smart energy digital platform, energy storage systems, and microgrid systems. By providing these innovative solutions, Legend Energy aims to help enterprises enhance their operational efficiency while utilizing clean energy.

NetVios

Seed Round in 2022
NetVios is a joint venture based in Hangzhou, China, formed by NetEase and Survios, focusing on the publishing and distribution of immersive virtual reality games for the Chinese market. The company targets both home and arcade players, aiming to deliver a world-class immersive gaming experience. NetVios employs a dual-track distribution model, combining online and offline channels to align with the consumption patterns of China's evolving retail landscape. By operating experience stores alongside its digital offerings, the company seeks to enhance player engagement and accessibility in the rapidly growing VR gaming sector.

Huayi New Energy

Series A in 2022
Huayi New Energy is a high-tech enterprise dedicated to the research and development, as well as the production, of evaporative cooling and energy-saving air conditioning systems. The company's products are primarily utilized in data centers, communication equipment rooms, large venues, commercial buildings, and industrial plants. By providing efficient and intelligent cooling solutions, Huayi New Energy aims to enhance energy efficiency and performance in various sectors that require effective climate control.

Xmov Ai

Series C in 2022
Xmov is a company that specializes in developing artificial reality animation solutions, focusing on virtual human and content creation tailored for enterprise users across various Metaverse applications. The company employs advanced motion capture, animation, and artificial intelligence technologies to deliver customized interactive solutions for diverse business scenarios. Additionally, Xmov creates a comprehensive infrastructure for 3D virtual content production, providing full-stack technology and product services aimed at facilitating education, employment, and the development of virtual world platforms. Their innovative approach spans multiple sectors, including entertainment, cultural tourism, e-commerce, finance, education, healthcare, and communications, establishing a multifaceted ecological development model.

Xmov Ai

Series B in 2022
Xmov is a company that specializes in developing artificial reality animation solutions, focusing on virtual human and content creation tailored for enterprise users across various Metaverse applications. The company employs advanced motion capture, animation, and artificial intelligence technologies to deliver customized interactive solutions for diverse business scenarios. Additionally, Xmov creates a comprehensive infrastructure for 3D virtual content production, providing full-stack technology and product services aimed at facilitating education, employment, and the development of virtual world platforms. Their innovative approach spans multiple sectors, including entertainment, cultural tourism, e-commerce, finance, education, healthcare, and communications, establishing a multifaceted ecological development model.

Legend Energy

Series A in 2022
Legend Energy specializes in clean, low-carbon energy storage solutions, offering a range of products and services designed for efficient energy management. The company focuses on integrating software and hardware for lithium battery storage, leveraging advanced artificial intelligence algorithms and energy storage system integration technology. Its portfolio includes an energy Internet of Things (IoT) platform, a smart energy digital platform, energy storage systems, and microgrid systems. By providing these innovative solutions, Legend Energy aims to help enterprises enhance their operational efficiency while utilizing clean energy.

Xianghuanji

Series B in 2021
Xianghuanji is a marketing company that operates an online platform dedicated to cell phone rental services. The platform enables clients to rent cell phones through a subscription model, streamlining the process of obtaining mobile devices on a rental basis. By utilizing a single platform for these services, Xianghuanji simplifies the experience for users seeking flexible access to cell phones without the commitment of purchase.

Beixin New Energy Technology

Series A in 2021
Beixin is a technology company, dedicated to providing first-class solutions and services for global new energy applications. Founded in 1999, the company is based in Qidong, China.

iQIYI Smart Technology

Series B in 2021
Chongqing iQiyi Smart Technology Co., Ltd. specializes in virtual reality technology innovation and operates within the video entertainment sector. Founded in 2017 and based in Beijing, the company develops an array of products that integrate content with hardware, emphasizing advancements in virtual reality (VR), artificial intelligence (AI), and smart technologies. iQIYI Smart Technology offers a range of VR solutions, including an all-in-one VR machine and various headset models designed for immersive experiences. Their products enable users to enjoy virtual reality films, television shows, and games on mobile devices and other display platforms, catering to leisure and entertainment needs.

Aihuishou

Series E in 2020
Aihuishou is a bidding-based consumer-to-business platform in China focused on the recycling and resale of second-hand electronic products, including mobile phones and laptops. The platform offers a wide range of recyclable mobile categories, covering popular brands such as Apple, Samsung, and Motorola. By utilizing a bidding system, Aihuishou ensures that users receive competitive prices for their second-hand electronics, thereby preventing undervaluation. The company provides a comprehensive service for individuals and businesses looking to dispose of idle electronic items responsibly. In addition to facilitating transactions, Aihuishou contributes to environmental sustainability by promoting the recycling of electronic waste in China.

Whales English Elite Education

Series B in 2020
Whales English is a Beijing-based online education company that specializes in K–12 English language instruction. The company focuses on enhancing English proficiency among students aged 6 to 15, guiding them from basic comprehension to complete mastery of the language. Whales English employs English-speaking teachers who utilize heuristic teaching methods and authentic North American textbooks to create an immersive learning environment. This approach aims to replicate the classroom experience of North American primary schools while addressing the diverse learning needs of its students. The company’s unique "Three-fixed model" further supports its educational objectives, ensuring a structured and effective learning process.

BONBON

Series B in 2019
BONBON is a supplier of consumer goods. They offer services that include dresses, bodhisattvas, shirts, small leaf rosewood, gold pendants, and sweatpants.

Wanwu Store

Series B in 2019
Wanwu Store is an e-commerce platform based in Beijing, China, specializing in maternal and child supplies. Founded in 2015, the store collaborates with major clothing brands to provide a diverse range of fashion products sourced from over 19 countries, specifically designed for young mothers and children. The platform focuses on enhancing and simplifying the shopping experience for customers seeking high-quality maternal and child products.

Aihuishou

Corporate Round in 2019
Aihuishou is a bidding-based consumer-to-business platform in China focused on the recycling and resale of second-hand electronic products, including mobile phones and laptops. The platform offers a wide range of recyclable mobile categories, covering popular brands such as Apple, Samsung, and Motorola. By utilizing a bidding system, Aihuishou ensures that users receive competitive prices for their second-hand electronics, thereby preventing undervaluation. The company provides a comprehensive service for individuals and businesses looking to dispose of idle electronic items responsibly. In addition to facilitating transactions, Aihuishou contributes to environmental sustainability by promoting the recycling of electronic waste in China.

Baowuyongbei

Series A in 2019
It is used in the online shopping mall in May 2018 to serve the rental needs of family scenes. The products include travel, outdoor, picture book, education growth, beauty care, technology entertainment, family health, maternal and child breeding and other categories.

Whales English Elite Education

Series A in 2018
Whales English is a Beijing-based online education company that specializes in K–12 English language instruction. The company focuses on enhancing English proficiency among students aged 6 to 15, guiding them from basic comprehension to complete mastery of the language. Whales English employs English-speaking teachers who utilize heuristic teaching methods and authentic North American textbooks to create an immersive learning environment. This approach aims to replicate the classroom experience of North American primary schools while addressing the diverse learning needs of its students. The company’s unique "Three-fixed model" further supports its educational objectives, ensuring a structured and effective learning process.

Whale small class

Series A in 2018
Whale small class is a youth online English education service provider

Jiuhuar

Series A in 2018
Jiuhuar is a Chinese distribution company that specializes in the export of San Diegan craft beer. In addition to its distribution activities, Jiuhuar operates an online platform that offers extensive information on craft beer, including ratings and reviews. The company aims to foster and establish a vibrant craft beer culture in China by providing detailed insights into over twenty-three thousand craft beer selections, supported by more than two hundred thousand independent reviews. Through its dual focus on distribution and information sharing, Jiuhuar seeks to enhance the appreciation of craft beer within the Chinese market.

Withwheat

Series B in 2017
Withwheat is a bakery chain that focuses on producing high-quality European-style soft bread and a variety of baked goods, including pastries and fruit cakes. The brand is known for its commitment to health-conscious baking, utilizing significantly lower amounts of sugar and oil compared to traditional bread, and avoiding preservatives, trans fats, and artificial flavors. This emphasis on quality and health has resulted in strong consumer demand. Withwheat operates micro shops throughout Beijing, allowing for efficient distribution of its products to a wide audience.

Cubitabo

Venture Round in 2016
Cubitabo GmbH is an online retailer based in Berlin, Germany, specializing in mattresses and bedroom furnishings. Founded in 2013, the company operates online shops under the names BettenRiese and buddysleep. Cubitabo offers a wide range of products, including mattresses, slatted frames, and boxspring beds, aimed at enhancing customer sleep quality. In addition to its product offerings, the company provides services such as mattress consultancy, a 100-day test sleep period, and free delivery. Cubitabo GmbH functions as a subsidiary of Sleepz AG.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.