IDG Capital

IDG Capital is a Beijing-based venture and growth-stage investment firm that backs technology-enabled companies across global markets, with a strong emphasis on China and Asia. It invests across seed, early, later, and growth stages and pursues buyouts, with interests spanning information technology, software, consumer products and services, healthcare, energy, SaaS, mobile, TMT, and advanced manufacturing. The firm leverages a worldwide network of limited partners, including sovereign wealth funds, pension funds, institutional investors, and philanthropic and educational endowments, to support portfolio companies. With deep local market knowledge and extensive relationships with business leaders, IDG Capital combines global perspective with local execution to facilitate inbound and outbound opportunities in China and the broader Asian region.

Xiaohui Cao

Partner

Guangfu Cui

Partner

Jun Fang

Partner

Mei Gao

Partner

Young Guo

General Partner

Past deals in Catering

Baman

Series C in 2021
Baman is a company based in China that specializes in producing and delivering packaged beef rice noodles. It operates a chain of offline restaurants focused on Hunan cuisine, with an emphasis on engaging the youth demographic. In addition to its restaurant operations, Baman offers retail, e-commerce, and catering services, aiming to preserve and promote the culinary traditions of Hunan among younger generations.

Daddy Sweety

Series A in 2021
Daddy Sweety is a company specializing in handcrafted toasts, which launched its first store in July 2016. With over 300 locations across the United States, the brand has become a prominent presence in major shopping malls. Daddy Sweety offers a diverse range of products, featuring its signature toast series that includes flavors such as original, chocolate, caramel, durian, egg yolk, brown sugar, and mochi. In addition to toasts, the company also produces cookies, macarons, cakes, and other baked goods. Notably, in 2020, Daddy Sweety set a Guinness World Record for "The Largest Baking Course," further solidifying its reputation in the food industry.

Guoquan Shihui

Series D in 2021
Guoquan Shihui is a Chinese food supplier specializing in hot pot and barbecue ingredients. It operates both B2B and B2C models, offering a wide range of products including casual snacks, fresh food, and ready-to-eat meals through its offline stores and online platform.

Guoquan Shihui

Series C in 2020
Guoquan Shihui is a Chinese food supplier specializing in hot pot and barbecue ingredients. It operates both B2B and B2C models, offering a wide range of products including casual snacks, fresh food, and ready-to-eat meals through its offline stores and online platform.

Xiongmao Cake

Series A in 2020
Founded in Huizhou – a third-tier city in Guangdong Province– in 2017, Xiongmao Cake provides a cake baking and delivering service with an ‘online order + warehouse journey’ model. In less than two years, the business quickly spread to 10 second- and third-tier cities across Guangdong, Fujian and Sichuan provinces.

Guoquan Shihui

Series B in 2020
Guoquan Shihui is a Chinese food supplier specializing in hot pot and barbecue ingredients. It operates both B2B and B2C models, offering a wide range of products including casual snacks, fresh food, and ready-to-eat meals through its offline stores and online platform.

Viva Campus Café

Angel Round in 2018
Viva Campus Café offers space for private events, such as prom, company parties, or student parties. There is also free parking. They also have elevators, sanitary facilities, and barrier-free access for the disabled.

Huixiaoer

Series B in 2016
Huixiaoer is an online platform based in Beijing, China, that specializes in booking meeting venues. Founded in 2014 by Liang Yang, the company focuses on facilitating the reservation of hotels and conference venues for various events. Its platform is designed to streamline the process of organizing and managing social meetings, allowing clients to easily find and secure suitable locations for their gatherings. By offering a user-friendly interface and a range of venue options, Huixiaoer enhances the experience of event planning in China.

Huixiaoer

Series A in 2014
Huixiaoer is an online platform based in Beijing, China, that specializes in booking meeting venues. Founded in 2014 by Liang Yang, the company focuses on facilitating the reservation of hotels and conference venues for various events. Its platform is designed to streamline the process of organizing and managing social meetings, allowing clients to easily find and secure suitable locations for their gatherings. By offering a user-friendly interface and a range of venue options, Huixiaoer enhances the experience of event planning in China.

EasyWed

Series A in 2014
EasyWed offer wedding service platform for wedding suppliers.

China Quanjude (Group) Company

Post in 2013
China Quanjude (Group) Company is a prominent player in the foodservice industry, known for its comprehensive restaurant services and catering operations. The company specializes in the production and sale of a variety of food products, particularly its renowned Quanjude vacuum-packaged roast duck and related cooked food items, such as lotus leaf cake and sweet noodle sauce. Additionally, it provides essential accessories for roast duck, catering to the holiday consumer market. The company also emphasizes convenience through its online shopping platform, offering a range of products including roasting materials, fruit wood, and fuel.

Jiumaojiu

Series A in 2010
Jiumaojiu is a Chinese restaurant operator specializing in multi-brand dining experiences. Established in 2015, the company generates significant revenue from its popular Tai Er chain, known for its signature sauerkraut fish dish. With over 600 outlets nationwide by 2024, Tai Er caters primarily to the post-1990s generation. Jiumaojiu's portfolio also includes the namesake brand 'Jiu Mao Jiu', Song Hotpot, Lai Mei Li, and Shanwaimian, offering a variety of Chinese cuisines.

Chamate

Series C in 2008
Chamate is a modern metropolitan tea catering service provider focused on promoting Taiwanese cuisine and tea. Chamate opened their first restaurant in 2002 in Shanghai and later expanded to Beijing, Hangzhou, Nanjing, Suzhou, Shenyang, Shenzhen, Guangzhou, Ningbo, Wuxi, Yiwu, Changzhou, Wuhan and Tianjin. As of August 2011, there are about 100 stores in all major Cities across China.

Chamate

Series B in 2006
Chamate is a modern metropolitan tea catering service provider focused on promoting Taiwanese cuisine and tea. Chamate opened their first restaurant in 2002 in Shanghai and later expanded to Beijing, Hangzhou, Nanjing, Suzhou, Shenyang, Shenzhen, Guangzhou, Ningbo, Wuxi, Yiwu, Changzhou, Wuhan and Tianjin. As of August 2011, there are about 100 stores in all major Cities across China.

Chamate

Series A in 2005
Chamate is a modern metropolitan tea catering service provider focused on promoting Taiwanese cuisine and tea. Chamate opened their first restaurant in 2002 in Shanghai and later expanded to Beijing, Hangzhou, Nanjing, Suzhou, Shenyang, Shenzhen, Guangzhou, Ningbo, Wuxi, Yiwu, Changzhou, Wuhan and Tianjin. As of August 2011, there are about 100 stores in all major Cities across China.
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