Joy Capital

Joy Capital, established in 2011, is a venture capital firm with a global presence, primarily investing in early and growth-stage startups within the technology, media, and telecommunications (TMT) sectors, as well as innovative consumption spaces. With a track record spanning over a decade and operations across Europe, North America, and Asia, the firm partners with entrepreneurs, providing strategic guidance and support during critical startup development phases. Joy Capital's founding partners have invested in over 80 startups, with more than 10 of these portfolios achieving unicorn status.

Kevin Li

Founding Partner

Graham O'Keeffe

Managing Partner

99 past transactions

UniUni

Series C in 2024
UniUni is a developer of a B2B delivery services platform focused on enhancing shipping solutions for the e-commerce and logistics sectors. The company utilizes innovative technology to automate the package sorting process and facilitate efficient last-mile delivery. By providing reliable, cost-effective, and flexible services, UniUni enables e-commerce businesses to thrive by ensuring that products are safely delivered directly to consumers' doorsteps. Its approach positions UniUni as a key player in the evolving landscape of delivery services in North America.

Hyde Hydrogen Energy

Venture Round in 2024
Hyde Hydrogen Energy is a green hydrogen industry company, focusing on carbon neutrality, providing advanced products and digital platform services for global new energy applications.

Lemmo

Seed Round in 2024
Lemmo, headquartered in Berlin, Germany, specializes in manufacturing and supplying electric bicycles (e-bikes). Their unique design integrates key components such as the battery, motor controller, IoT device, and USB charging ports, making them available as both e-bikes and traditional bicycles. The company's products are designed with an aluminum frame, promoting sustainability and lightweight short-distance travel.

Kuafu

Series B in 2024
Kuafu is a restaurant that serves fried skewers and drinks. They offer fried meat, soy products, fresh vegetables, and seafood products, including the slap chicken chop, stinky tofu, tender chicken skewers, and watermill rice cake. Kuafu has become an influential brand in the catering industry by relying on the business model of small stores, large chains, and full supply.

Yuan Planet

Series B in 2023
Yuan Planet is an e-commerce platform that provides second- hand auto parts.

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.

Qidi Technology

Angel Round in 2022
Qidi Technology is a high-tech enterprise that is early in researching, developing, and marketing 3D printers.

Qidi

Angel Round in 2022
Qidi is a developer of smart glasses that integrate virtual reality (VR) and augmented reality (AR) technologies, enhancing users' perception of their environments. These glasses are designed to align with everyday wearing habits, allowing consumers to seamlessly blend consumer electronics and accessories into their daily lives. By leveraging advancements in 5G, artificial intelligence, and big data, Qidi aims to improve both the quality of life and productivity for users, facilitating a connection between the physical world and the metaverse.

Baiying Bio

Series B in 2022
Baiying Bio offers economic recombinant protein and antibody reagents and is a CRO vendor for life science researchers and biopharma companies. They provide services including HTP recombinant antibody and VHH production, bispecific antibody production, antibody humanization, VHH library generation, hybridoma sequencing, protein expression in mammalian cells, large-scale antibody production, and more. They delivered tens of thousands of recombinant antibodies to customers.

Ehomepoct

Series C in 2022
Ehomepoct is a healthcare management company based in Changsha, China, specializing in the manufacture of diagnostic test kits. The company produces a range of products, including pregnancy tests, inflammation tests, menstrual period tests, and early embryo testing kits. In addition to its diagnostic offerings, Ehomepoct integrates artificial intelligence into its healthcare solutions, enhancing rapid diagnosis and health management services. Through its innovative approach, Ehomepoct aims to improve medical treatment and facilitate better health outcomes.

Uxin

Post in 2022
Uxin Limited is a Beijing-based investment holding company that operates a used car e-commerce platform in China. Founded in 2011, Uxin provides a comprehensive suite of services through its Uxin Used Car and Uxin Auction applications. The Uxin Used Car platform offers consumers personalized car recommendations, financing options, title transfer, delivery, insurance referrals, and warranties. Meanwhile, Uxin Auction caters to business buyers by facilitating vehicle sourcing through online auctions. Additionally, Uxin supports used car transactions and connects buyers with third-party financing partners for their purchases. The company aims to streamline the used car buying process and enhance the overall customer experience in the automotive market.

Yuan Planet

Series B in 2022
Yuan Planet is an e-commerce platform that provides second- hand auto parts.

Newlinks Technology

Series E in 2022
Newlink Group is a provider of technology platforms and tech-enabled services to the energy value chain, principally serving gas and EV charging stations. The Company's broad offering of digital solutions include targeted online marketing tools, cloud-based SaaS systems and supply chain solutions that help merchants drive incremental sales, reduce cost, manage operations and grow profits. The company aims to improve the efficiencies across the value chain and transform the multi-trillion energy industry in the backdrop of China's policy commitment to achieving a carbon-neutral and environmentally friendly society.

Starfield Food Science Technology

Series B in 2022
Starfield Food Science Technology is a Chinese company based in Shenzhen that specializes in producing plant-based meat products. Founded in 2017, the company operates its own research and development facilities as well as manufacturing plants. Starfield is committed to creating safe, healthy, and environmentally friendly food options, with a long-term goal of developing artificial meat products that are indistinguishable from animal-based meats. The company sells its products through various outlets and online platforms.

Aqara

Series C in 2021
Aqara is a prominent smart home brand that specializes in developing innovative smart home appliances and IoT solutions for both consumers and industrial applications. The company focuses on enhancing daily life by simplifying routine tasks through a diverse range of high-quality, cost-effective products. Aqara's offerings are distinguished by their elegant industrial design and the integration of advanced AI and data analysis systems, allowing for customization to meet individual lifestyle needs. As a result, Aqara has gained a reputation for reliability and efficiency in the smart home market.

Kuafu

Series A in 2021
Kuafu is a restaurant that serves fried skewers and drinks. They offer fried meat, soy products, fresh vegetables, and seafood products, including the slap chicken chop, stinky tofu, tender chicken skewers, and watermill rice cake. Kuafu has become an influential brand in the catering industry by relying on the business model of small stores, large chains, and full supply.

Blueglass Yogurt

Series B in 2021
Blueglass Yogurt is a food and beverage brand based in China that specializes in a diverse range of yogurt-based products. The company offers an extensive selection, including signature fancy yogurt, fruit yogurt, yogurt salads, cakes, pastries, drinks, and ice cream. By owning and operating its stores, Blueglass Yogurt ensures that customers have access to freshly made yogurt, enhancing the overall consumer experience. The brand aims to cater to the growing demand for fresh and innovative yogurt products among domestic consumers.

Megarobo

Corporate Round in 2021
Megarobo is an AI and robotics company established in 2016 and headquartered in Beijing, China. It specializes in developing collaborative robots and advanced automation solutions tailored for life sciences, clinical diagnosis, and applied chemistry. By focusing on integrating robotics and artificial intelligence into industry applications, Megarobo aims to enhance research efficiency for life science companies and scientific research institutions. The company is dedicated to providing flexible and practical automation products that streamline laboratory services, ultimately driving innovation in the field of scientific research.

Luckin Coffee

Post in 2021
Luckin Coffee Inc. is a prominent coffee retailer based in Xiamen, China, specializing in the sale of freshly brewed drinks and pre-made food items. Founded in 2017, the company aims to establish itself as a leading high-quality coffee brand and professional coffee service provider in the country. It offers a diverse range of products, including coffee and non-coffee beverages, alongside light meals. The company operates through various store formats, including pick-up stores, relax stores, and delivery kitchens, and utilizes a mobile app and third-party platforms to facilitate customer purchases. By sourcing premium Arabica coffee beans and collaborating with World Barista Champion teams for recipe development, Luckin Coffee strives to enhance the coffee consumer experience and promote coffee culture in China. As of March 2019, it operated 2,370 stores across 28 cities in the country.

Nice Tuan

Private Equity Round in 2021
Nice Tuan is an e-commerce platform specializing in fresh produce, beverages, leisure food, and a variety of daily supplies. The company operates a community-focused model, partnering with local residential communities to source products from nearby warehouses and producers. By doing so, Nice Tuan aims to provide comprehensive grocery and household item offerings tailored to the needs of local residents. The platform emphasizes efficiency and convenience, striving to create a well-integrated community e-commerce ecosystem centered on daily groceries and fresh produce.

Newlinks Technology

Private Equity Round in 2021
Newlink Group is a provider of technology platforms and tech-enabled services to the energy value chain, principally serving gas and EV charging stations. The Company's broad offering of digital solutions include targeted online marketing tools, cloud-based SaaS systems and supply chain solutions that help merchants drive incremental sales, reduce cost, manage operations and grow profits. The company aims to improve the efficiencies across the value chain and transform the multi-trillion energy industry in the backdrop of China's policy commitment to achieving a carbon-neutral and environmentally friendly society.

Newlink

Series E in 2021
Newlink is a digital energy service provider focused on advancing the energy Internet of Things (EIoT) and developing an innovative energy retail platform. Recognized as one of the world's leading new energy companies, it operates across various energy sectors, including oil, electricity, hydrogen, and gas. With a workforce exceeding 3,000 employees, Newlink aims to digitally transform the energy industry by integrating upstream and downstream processes and enhancing the energy ecosystem. The company creates a digital middle platform that facilitates efficient and convenient smart energy supply, incorporating refueling and charging services into the smart systems of major domestic original equipment manufacturers (OEMs).

Innovusion

Series B in 2021
Innovusion, founded in 2016 and based in Sunnyvale, California, specializes in developing autonomous driving perception systems. The company is renowned for its image-grade LiDAR sensor systems, which are designed to meet the rigorous demands of level 4 and 5 autonomous vehicles as well as Advanced Driver Assistance Systems (ADAS). Innovusion's products stand out due to their combination of long range, high resolution, hardware-accelerated sensor fusion, compact design, ease of integration, and cost-effectiveness.

Megarobo

Series B in 2021
Megarobo is an AI and robotics company established in 2016 and headquartered in Beijing, China. It specializes in developing collaborative robots and advanced automation solutions tailored for life sciences, clinical diagnosis, and applied chemistry. By focusing on integrating robotics and artificial intelligence into industry applications, Megarobo aims to enhance research efficiency for life science companies and scientific research institutions. The company is dedicated to providing flexible and practical automation products that streamline laboratory services, ultimately driving innovation in the field of scientific research.

Newlink

Series E in 2021
Newlink is a digital energy service provider focused on advancing the energy Internet of Things (EIoT) and developing an innovative energy retail platform. Recognized as one of the world's leading new energy companies, it operates across various energy sectors, including oil, electricity, hydrogen, and gas. With a workforce exceeding 3,000 employees, Newlink aims to digitally transform the energy industry by integrating upstream and downstream processes and enhancing the energy ecosystem. The company creates a digital middle platform that facilitates efficient and convenient smart energy supply, incorporating refueling and charging services into the smart systems of major domestic original equipment manufacturers (OEMs).

Newlinks Technology

Private Equity Round in 2021
Newlink Group is a provider of technology platforms and tech-enabled services to the energy value chain, principally serving gas and EV charging stations. The Company's broad offering of digital solutions include targeted online marketing tools, cloud-based SaaS systems and supply chain solutions that help merchants drive incremental sales, reduce cost, manage operations and grow profits. The company aims to improve the efficiencies across the value chain and transform the multi-trillion energy industry in the backdrop of China's policy commitment to achieving a carbon-neutral and environmentally friendly society.

Nice Tuan

Series C in 2020
Nice Tuan is an e-commerce platform specializing in fresh produce, beverages, leisure food, and a variety of daily supplies. The company operates a community-focused model, partnering with local residential communities to source products from nearby warehouses and producers. By doing so, Nice Tuan aims to provide comprehensive grocery and household item offerings tailored to the needs of local residents. The platform emphasizes efficiency and convenience, striving to create a well-integrated community e-commerce ecosystem centered on daily groceries and fresh produce.

Megarobo

Series B in 2020
Megarobo is an AI and robotics company established in 2016 and headquartered in Beijing, China. It specializes in developing collaborative robots and advanced automation solutions tailored for life sciences, clinical diagnosis, and applied chemistry. By focusing on integrating robotics and artificial intelligence into industry applications, Megarobo aims to enhance research efficiency for life science companies and scientific research institutions. The company is dedicated to providing flexible and practical automation products that streamline laboratory services, ultimately driving innovation in the field of scientific research.

Starfield Food Science Technology

Series A in 2020
Starfield Food Science Technology is a Chinese company based in Shenzhen that specializes in producing plant-based meat products. Founded in 2017, the company operates its own research and development facilities as well as manufacturing plants. Starfield is committed to creating safe, healthy, and environmentally friendly food options, with a long-term goal of developing artificial meat products that are indistinguishable from animal-based meats. The company sells its products through various outlets and online platforms.

Starfield Food Science Technology

Series A in 2020
Starfield Food Science Technology is a Chinese company based in Shenzhen that specializes in producing plant-based meat products. Founded in 2017, the company operates its own research and development facilities as well as manufacturing plants. Starfield is committed to creating safe, healthy, and environmentally friendly food options, with a long-term goal of developing artificial meat products that are indistinguishable from animal-based meats. The company sells its products through various outlets and online platforms.

Newlinks Technology

Series D in 2020
Newlink Group is a provider of technology platforms and tech-enabled services to the energy value chain, principally serving gas and EV charging stations. The Company's broad offering of digital solutions include targeted online marketing tools, cloud-based SaaS systems and supply chain solutions that help merchants drive incremental sales, reduce cost, manage operations and grow profits. The company aims to improve the efficiencies across the value chain and transform the multi-trillion energy industry in the backdrop of China's policy commitment to achieving a carbon-neutral and environmentally friendly society.

Newlink

Series D in 2020
Newlink is a digital energy service provider focused on advancing the energy Internet of Things (EIoT) and developing an innovative energy retail platform. Recognized as one of the world's leading new energy companies, it operates across various energy sectors, including oil, electricity, hydrogen, and gas. With a workforce exceeding 3,000 employees, Newlink aims to digitally transform the energy industry by integrating upstream and downstream processes and enhancing the energy ecosystem. The company creates a digital middle platform that facilitates efficient and convenient smart energy supply, incorporating refueling and charging services into the smart systems of major domestic original equipment manufacturers (OEMs).

Nice Tuan

Series C in 2020
Nice Tuan is an e-commerce platform specializing in fresh produce, beverages, leisure food, and a variety of daily supplies. The company operates a community-focused model, partnering with local residential communities to source products from nearby warehouses and producers. By doing so, Nice Tuan aims to provide comprehensive grocery and household item offerings tailored to the needs of local residents. The platform emphasizes efficiency and convenience, striving to create a well-integrated community e-commerce ecosystem centered on daily groceries and fresh produce.

Reworld

Series B in 2020
Reworld is a platform offering training and IT tools that allow users to design their own videogames.

North Ocean Photonics

Series B in 2020
North Ocean Photonics is a high-tech enterprise focusing on the field of micro-optics and optical integration.

Starfield Food Science Technology

Angel Round in 2020
Starfield Food Science Technology is a Chinese company based in Shenzhen that specializes in producing plant-based meat products. Founded in 2017, the company operates its own research and development facilities as well as manufacturing plants. Starfield is committed to creating safe, healthy, and environmentally friendly food options, with a long-term goal of developing artificial meat products that are indistinguishable from animal-based meats. The company sells its products through various outlets and online platforms.

Temi

Venture Round in 2020
Temi is a pioneering company specializing in the development of personal robots designed to enhance human interaction and simplify daily tasks. Its flagship product is an intelligent, mobile personal robot that integrates seamlessly into home environments, utilizing advanced artificial intelligence and a sophisticated array of sensors and cameras. This robot offers autonomous navigation and various functionalities, such as playing music, checking the weather, controlling smart home devices, and facilitating video communications. By enabling users to connect effortlessly with online content and people, Temi aims to empower individuals, enrich their experiences, and deliver user-friendly technological solutions. The company operates globally, with headquarters in major cities including San Francisco, New York, Tel-Aviv, Shenzhen, and Singapore, reflecting its commitment to a future where robotics enhances human capabilities.

Nice Tuan

Series B in 2020
Nice Tuan is an e-commerce platform specializing in fresh produce, beverages, leisure food, and a variety of daily supplies. The company operates a community-focused model, partnering with local residential communities to source products from nearby warehouses and producers. By doing so, Nice Tuan aims to provide comprehensive grocery and household item offerings tailored to the needs of local residents. The platform emphasizes efficiency and convenience, striving to create a well-integrated community e-commerce ecosystem centered on daily groceries and fresh produce.

Newlink

Series C in 2019
Newlink is a digital energy service provider focused on advancing the energy Internet of Things (EIoT) and developing an innovative energy retail platform. Recognized as one of the world's leading new energy companies, it operates across various energy sectors, including oil, electricity, hydrogen, and gas. With a workforce exceeding 3,000 employees, Newlink aims to digitally transform the energy industry by integrating upstream and downstream processes and enhancing the energy ecosystem. The company creates a digital middle platform that facilitates efficient and convenient smart energy supply, incorporating refueling and charging services into the smart systems of major domestic original equipment manufacturers (OEMs).

Newlinks Technology

Series C in 2019
Newlink Group is a provider of technology platforms and tech-enabled services to the energy value chain, principally serving gas and EV charging stations. The Company's broad offering of digital solutions include targeted online marketing tools, cloud-based SaaS systems and supply chain solutions that help merchants drive incremental sales, reduce cost, manage operations and grow profits. The company aims to improve the efficiencies across the value chain and transform the multi-trillion energy industry in the backdrop of China's policy commitment to achieving a carbon-neutral and environmentally friendly society.

Aqara

Series B in 2019
Aqara is a prominent smart home brand that specializes in developing innovative smart home appliances and IoT solutions for both consumers and industrial applications. The company focuses on enhancing daily life by simplifying routine tasks through a diverse range of high-quality, cost-effective products. Aqara's offerings are distinguished by their elegant industrial design and the integration of advanced AI and data analysis systems, allowing for customization to meet individual lifestyle needs. As a result, Aqara has gained a reputation for reliability and efficiency in the smart home market.

Mobi Sport

Series B in 2019
Mobi Sports is a brand specializing in advanced rowing machines that simulate the experience of water rowing while providing a comprehensive workout for approximately 80% of the body's major muscle groups. Targeting high-end consumers and family settings, the company focuses on creating an intelligent exercise experience through its adaptive equipment, which adjusts exercise difficulty based on user performance. In addition to its rowing machines, Mobi Sports has developed a range of APP software products, including Moby Power, Moby Badminton, and Moby Fitness, to enhance user engagement. The company is also expanding into intelligent hardware solutions, such as badminton tracking systems and smart fitness equipment, with a vision of building an online-to-offline health ecosystem centered on intelligent movement.

Healthy.io

Series C in 2019
Healthy.io Ltd is a Tel Aviv-Yafo-based company founded in 2013 that specializes in home urinalysis kits for diagnosing diseases, urinary tract infections, and pregnancy complications. The company has developed an innovative product, Dip.io, which transforms a smartphone camera into a clinical-grade medical device for urine analysis. This product enables users to conduct urine tests by guiding them through the testing process, capturing images of test strips, and analyzing the results. The findings are automatically sent to the patient's electronic medical record for clinical follow-up. Healthy.io has expanded its offerings with an additional urinalysis test, ACR, designed for individuals with diabetes or high blood pressure to monitor kidney health. Furthermore, the company has ventured into chronic wound monitoring, providing tools to assess and manage chronic wounds effectively. Healthy.io aims to enhance patient care and facilitate remote health monitoring through its digital health technologies.

Lemon Photonics

Series A in 2019
LEMON Photonics Technologies Co. Ltd. is a high-tech company based in Shenzhen, China, founded in 2018 by a team of experienced laser professionals and venture capitalists. The company specializes in the research, development, sale, and industrialization of semiconductor electro-optical devices, modules, and systems. It offers a range of products, including low-power direct diode lasers, fiber-coupled diode lasers, and high-power direct diode lasers, catering to various industrial applications. LEMON Photonics is committed to advancing laser technology through its innovative solutions in the electro-optical sector.

Nolo VR

Series A in 2019
Nolo VR is a company that specializes in motion tracking technology for mobile and virtual reality applications. It has developed an innovative mobile virtual reality platform that allows users to transform their smartphones into immersive VR experiences typically reserved for high-end headsets like HTC Vive and Oculus Rift. The company's flagship product, the NOLO Motion Tracking System, integrates with various VR headsets and includes a base station, headset marker, and two controllers, enabling unprecedented interaction and exploration in virtual environments. Additionally, Nolo HOME serves as the world's first six degrees of freedom (6-DoF) mobile VR application platform, allowing users to engage with virtual worlds wirelessly and effortlessly from any location. Through its technology, Nolo VR aims to redefine entertainment and gaming experiences, providing users with a new dimension of interaction and enjoyment.

Megarobo

Series A in 2019
Megarobo is an AI and robotics company established in 2016 and headquartered in Beijing, China. It specializes in developing collaborative robots and advanced automation solutions tailored for life sciences, clinical diagnosis, and applied chemistry. By focusing on integrating robotics and artificial intelligence into industry applications, Megarobo aims to enhance research efficiency for life science companies and scientific research institutions. The company is dedicated to providing flexible and practical automation products that streamline laboratory services, ultimately driving innovation in the field of scientific research.

MissZero

Series A in 2019
MissZero is a Beijing-based company founded in 2017 that specializes in the development and production of sugar-free food products. The brand focuses on natural sugar substitutes, notably stevia leaf sugar and mogroside, to replace traditional sucrose in its offerings. MissZero provides two main product lines: meal replacements and snacks. The meal replacement line includes items such as anti-balloon coffee, anti-ball tea, and ballistic meal replacement cakes, aimed at delivering nutritional meals without the concern of weight gain. Additionally, the snack line features a variety of options, including cookies, chocolates, and forthcoming ice cream products, all designed to cater to health-conscious consumers seeking flavorful alternatives.

Reworld

Series A in 2019
Reworld is a platform offering training and IT tools that allow users to design their own videogames.

Luckin Coffee

Series B in 2019
Luckin Coffee Inc. is a prominent coffee retailer based in Xiamen, China, specializing in the sale of freshly brewed drinks and pre-made food items. Founded in 2017, the company aims to establish itself as a leading high-quality coffee brand and professional coffee service provider in the country. It offers a diverse range of products, including coffee and non-coffee beverages, alongside light meals. The company operates through various store formats, including pick-up stores, relax stores, and delivery kitchens, and utilizes a mobile app and third-party platforms to facilitate customer purchases. By sourcing premium Arabica coffee beans and collaborating with World Barista Champion teams for recipe development, Luckin Coffee strives to enhance the coffee consumer experience and promote coffee culture in China. As of March 2019, it operated 2,370 stores across 28 cities in the country.

Roadefend

Series B in 2019
Roadefend is a technology company specializing in automotive active safety solutions, particularly focusing on driver fatigue warning systems enhanced by facial recognition technology. Initially launched as a fatigue warning system, it evolved into a comprehensive driver active safety defense system in 2016. Roadefend integrates artificial intelligence to analyze driving behavior and provide safety assurance through its advanced driving analysis system. The company's innovations support multi-level data management for fleet operations, allowing for real-time monitoring and cloud-based analysis to enhance the safe operation of vehicles and reduce accident risks.

Bluepay

Series C in 2019
Bluepay develops a mobile payment platform that will be suitable for the digital society. Their services include bluepay, bluemart, vending machines, and more.

Danke Apartment

Series C in 2019
Danke Apartment is a prominent internet-enabled apartment management startup based in China, founded in January 2015. The company manages over 320,000 apartment units across major cities such as Beijing, Shanghai, Shenzhen, and Hangzhou. By leveraging technology, Danke Apartment aims to transform the residential rental market, offering innovative solutions for both property owners and renters. The company centrally manages apartments sourced from property owners, standardizing design, renovation, and furnishing to ensure high-quality living spaces. With a focus on providing reliable, one-stop services, Danke Apartment operates entirely online, eliminating the need for physical storefronts and facilitating a seamless experience for its users.

Luckin Coffee

Series B in 2018
Luckin Coffee Inc. is a prominent coffee retailer based in Xiamen, China, specializing in the sale of freshly brewed drinks and pre-made food items. Founded in 2017, the company aims to establish itself as a leading high-quality coffee brand and professional coffee service provider in the country. It offers a diverse range of products, including coffee and non-coffee beverages, alongside light meals. The company operates through various store formats, including pick-up stores, relax stores, and delivery kitchens, and utilizes a mobile app and third-party platforms to facilitate customer purchases. By sourcing premium Arabica coffee beans and collaborating with World Barista Champion teams for recipe development, Luckin Coffee strives to enhance the coffee consumer experience and promote coffee culture in China. As of March 2019, it operated 2,370 stores across 28 cities in the country.

Proton Robotics

Angel Round in 2018
Proton Robotics specializes in providing advanced robotics equipment tailored for the logistics industry. The company develops innovative warehouse robotics solutions with a particular focus on enhancing sorting processes. Their flagship product is a robotic sorter and chooser designed to minimize manual labor, thereby improving efficiency in packaging and shipping operations for their clients.

Health Plus

Series A in 2018
Uplus Health is a service solution provider that uses Internet technology to intelligently connect medical care, insurance, and clients. It provides insurance companies and enterprises with professional and optimized marketing plan design, medical network, health service and cost risk control, and other menu services; it provides customers with intelligent medical guidance, VIP channels for medical treatment, advance payment of hospitalization expenses, and so on.

Health Plus

Series A in 2018
Health Plus is a Fintech company.

Xiaozhu.com

Series F in 2018
Xiaozhu.com (小猪短租网) is a Chinese booking website for daily rental and short-term rooms. It aims to provide a guaranteed platform for online communication and transactions for landlords and tenants. Also, a green platform ecosystem is established by mechanisms such as property and personal safety guarantee schemes as well as identification. This will effectively take full advantages and maximize the value of landlords' idle resources through sharing. Meanwhile, it enhances the social relationship and interaction between landlords and tenants and provides tenants with more humanized accommodation experience which is different from traditional hotels. Currently, the company has had branches in 13 cities all over the country and its house sources cover more than 130 domestic cities.

Tuhu

Series E in 2018
Tuhu is a prominent integrated online and offline platform for automotive services in China, catering to car owners' diverse needs through a customer-centric model. The company offers same-day or next-day delivery and installation of automobile after-sales products in over 260 cities across mainland China. Tuhu's services are accessible via its website, mobile app, call center, and third-party e-commerce platforms. By streamlining its supply chain and providing a digitalized, on-demand service experience, Tuhu effectively connects car owners, suppliers, and automotive service stores. Its platform accommodates a wide range of passenger vehicle models and fulfills various automotive service demands, including tire and chassis parts replacement, maintenance, repair, and detailing.

Nice Tuan

Angel Round in 2018
Nice Tuan is an e-commerce platform specializing in fresh produce, beverages, leisure food, and a variety of daily supplies. The company operates a community-focused model, partnering with local residential communities to source products from nearby warehouses and producers. By doing so, Nice Tuan aims to provide comprehensive grocery and household item offerings tailored to the needs of local residents. The platform emphasizes efficiency and convenience, striving to create a well-integrated community e-commerce ecosystem centered on daily groceries and fresh produce.

MyDreamPlus

Series C in 2018
MyDreamPlus is a co-working space startup that focuses on providing a technologically advanced working environment. Established in May 2015, the company integrates space design, smart office management, and community operations to create high-quality workspaces. MyDreamPlus designs innovative furniture and develops management systems that allow customers to address office-related tasks through their smartphones, such as accessing doors, booking meeting rooms, and sharing Wi-Fi passwords. With a presence in over 20 locations primarily in major cities like Beijing and Chengdu, the company has attracted more than 300 enterprises, with a significant majority being established firms. This diverse clientele includes notable companies such as COFCO, Chinese TAL Education Group, Airbnb, and VIPKID, reflecting MyDreamPlus's commitment to catering to various business needs, from startups to larger corporate teams.

Ecnova

Seed Round in 2018
Ecnova is a company that specializes in supply chain management and logistics solutions, particularly within the e-commerce sector. It provides a distribution network platform that enables enterprises to optimize their operations. Ecnova connects brands with key opinion leaders (KOLs) and a variety of e-commerce applications, utilizing intelligent matching techniques to enhance the efficiency of brand-user connections. Through its innovative approach, the company aims to streamline supply chain processes and improve the overall effectiveness of e-commerce collaborations.

The Good Stuff

Series B in 2018
Founded in 2016, The Good Stuff is a community-based e-commerce startup focused on making premium products accessible to middle-class consumers in China. The company capitalizes on the growing trend of consumption in the country by emphasizing quality, wellness, and enjoyment. The Good Stuff employs a network of Curators who source high-quality products from farmers and artisanal producers worldwide. These products are then presented to Stylists, primarily young parents who serve as opinion leaders within their communities. Stylists select their preferred items and share recommendations with their networks, earning commissions for their contributions. Through this model, The Good Stuff fosters a community-driven approach to e-commerce while enhancing access to premium offerings.

Yeting

Series B in 2018
Yeting is a media company that specializes in the production of audio content.

Luckin Coffee

Series A in 2018
Luckin Coffee Inc. is a prominent coffee retailer based in Xiamen, China, specializing in the sale of freshly brewed drinks and pre-made food items. Founded in 2017, the company aims to establish itself as a leading high-quality coffee brand and professional coffee service provider in the country. It offers a diverse range of products, including coffee and non-coffee beverages, alongside light meals. The company operates through various store formats, including pick-up stores, relax stores, and delivery kitchens, and utilizes a mobile app and third-party platforms to facilitate customer purchases. By sourcing premium Arabica coffee beans and collaborating with World Barista Champion teams for recipe development, Luckin Coffee strives to enhance the coffee consumer experience and promote coffee culture in China. As of March 2019, it operated 2,370 stores across 28 cities in the country.

Danke Apartment

Series B in 2018
Danke Apartment is a prominent internet-enabled apartment management startup based in China, founded in January 2015. The company manages over 320,000 apartment units across major cities such as Beijing, Shanghai, Shenzhen, and Hangzhou. By leveraging technology, Danke Apartment aims to transform the residential rental market, offering innovative solutions for both property owners and renters. The company centrally manages apartments sourced from property owners, standardizing design, renovation, and furnishing to ensure high-quality living spaces. With a focus on providing reliable, one-stop services, Danke Apartment operates entirely online, eliminating the need for physical storefronts and facilitating a seamless experience for its users.

Megarobo

Series A in 2018
Megarobo is an AI and robotics company established in 2016 and headquartered in Beijing, China. It specializes in developing collaborative robots and advanced automation solutions tailored for life sciences, clinical diagnosis, and applied chemistry. By focusing on integrating robotics and artificial intelligence into industry applications, Megarobo aims to enhance research efficiency for life science companies and scientific research institutions. The company is dedicated to providing flexible and practical automation products that streamline laboratory services, ultimately driving innovation in the field of scientific research.

Haozu.com

Series C in 2018
Haozu.com is a prominent Chinese platform dedicated to providing house renting information and services. Launched in 2009, it is part of a larger group that includes Anjuke.com, which focuses on house-buying information, and other commercial real estate services. Haozu.com has established a significant presence in 58 major cities, including Shanghai, Beijing, and Guangzhou, offering nearly 700,000 rental housing resources. The platform attracts an average of 500,000 users daily seeking rental information. Additionally, Haozu's mobile application has gained popularity among renters, amassing over 4.5 million users, which accounts for 74% of the rental app market in China. The company utilizes cloud computing and big data to enhance its services, providing a comprehensive solution for tenants and property owners alike.

Weimai

Series A in 2018
Marketing management system developer based in Beijing.

Haomai

Series A in 2018
Haomai provides after-sales service, professional marketing, and customer services.

Luckin Coffee

Seed Round in 2018
Luckin Coffee Inc. is a prominent coffee retailer based in Xiamen, China, specializing in the sale of freshly brewed drinks and pre-made food items. Founded in 2017, the company aims to establish itself as a leading high-quality coffee brand and professional coffee service provider in the country. It offers a diverse range of products, including coffee and non-coffee beverages, alongside light meals. The company operates through various store formats, including pick-up stores, relax stores, and delivery kitchens, and utilizes a mobile app and third-party platforms to facilitate customer purchases. By sourcing premium Arabica coffee beans and collaborating with World Barista Champion teams for recipe development, Luckin Coffee strives to enhance the coffee consumer experience and promote coffee culture in China. As of March 2019, it operated 2,370 stores across 28 cities in the country.

Bluepay

Series B in 2018
Bluepay develops a mobile payment platform that will be suitable for the digital society. Their services include bluepay, bluemart, vending machines, and more.

MyDreamPlus

Series B in 2018
MyDreamPlus is a co-working space startup that focuses on providing a technologically advanced working environment. Established in May 2015, the company integrates space design, smart office management, and community operations to create high-quality workspaces. MyDreamPlus designs innovative furniture and develops management systems that allow customers to address office-related tasks through their smartphones, such as accessing doors, booking meeting rooms, and sharing Wi-Fi passwords. With a presence in over 20 locations primarily in major cities like Beijing and Chengdu, the company has attracted more than 300 enterprises, with a significant majority being established firms. This diverse clientele includes notable companies such as COFCO, Chinese TAL Education Group, Airbnb, and VIPKID, reflecting MyDreamPlus's commitment to catering to various business needs, from startups to larger corporate teams.

HaoHaoZhu

Series B in 2018
HaoHaoZhu is an online platform based in Beijing, China, specializing in home improvement and interior design. Founded in 2015, the company provides a mobile application and website where users can explore decoration solutions tailored to their homes. The platform facilitates connections between users and sellers, allowing for the sharing of images and ideas. By curating a range of interior design solutions from professional designers, HaoHaoZhu offers innovative and comprehensive home design plans, catering especially to new homeowners. Through its community-oriented approach, the platform serves as a resource for information sharing and inspiration in the realm of home improvement.

Danke Apartment

Series B in 2018
Danke Apartment is a prominent internet-enabled apartment management startup based in China, founded in January 2015. The company manages over 320,000 apartment units across major cities such as Beijing, Shanghai, Shenzhen, and Hangzhou. By leveraging technology, Danke Apartment aims to transform the residential rental market, offering innovative solutions for both property owners and renters. The company centrally manages apartments sourced from property owners, standardizing design, renovation, and furnishing to ensure high-quality living spaces. With a focus on providing reliable, one-stop services, Danke Apartment operates entirely online, eliminating the need for physical storefronts and facilitating a seamless experience for its users.

Akoko

Series A in 2018
Akoko is a bakery based in Hangzhou, China, specializing in the production of healthy and visually appealing baked goods. The company offers a range of products, including cookies, pastries, and ice cream, focusing on delivering high-quality snacks that are free from additives. By prioritizing both taste and health, Akoko aims to cater to consumers looking for delicious treats that align with their wellness goals.

The Good Stuff

Series B in 2018
Founded in 2016, The Good Stuff is a community-based e-commerce startup focused on making premium products accessible to middle-class consumers in China. The company capitalizes on the growing trend of consumption in the country by emphasizing quality, wellness, and enjoyment. The Good Stuff employs a network of Curators who source high-quality products from farmers and artisanal producers worldwide. These products are then presented to Stylists, primarily young parents who serve as opinion leaders within their communities. Stylists select their preferred items and share recommendations with their networks, earning commissions for their contributions. Through this model, The Good Stuff fosters a community-driven approach to e-commerce while enhancing access to premium offerings.

Xinshang

Series C in 2018
Xinshang is a Chinese e-commerce platform that operates a customer-to-customer marketplace specializing in secondhand luxury goods, such as bags, shoes, watches, clothing, and jewelry. The platform allows users to sell their used luxury items or purchase both secondhand and new luxury products at competitive prices. Xinshang has experienced significant growth, with its monthly transaction value increasing by 30% consistently. The company claims to hold over 50% of the secondhand luxury goods market in China, positioning itself as a leading player in this sector.

CIG

Series A in 2017
CIG offers marketing solutions for the entire value chain. The company assists customers from the collecting of sales leads, to the guiding to the store, to the promotion of the final transaction. The company offers services ranging from brand strategy, content creation, media marketing, public relations, social marketing, search marketing, user operation, foreign marketing, and other full value chain marketing services.

Xiaozhu.com

Series E in 2017
Xiaozhu.com (小猪短租网) is a Chinese booking website for daily rental and short-term rooms. It aims to provide a guaranteed platform for online communication and transactions for landlords and tenants. Also, a green platform ecosystem is established by mechanisms such as property and personal safety guarantee schemes as well as identification. This will effectively take full advantages and maximize the value of landlords' idle resources through sharing. Meanwhile, it enhances the social relationship and interaction between landlords and tenants and provides tenants with more humanized accommodation experience which is different from traditional hotels. Currently, the company has had branches in 13 cities all over the country and its house sources cover more than 130 domestic cities.

Vingoo Juice

Series B in 2017
Vingoo Juice is a company that specializes in creating innovative, autonomous machines for producing fresh orange juice, primarily targeting the community market in China. These machines employ a whole fruit extraction method, which maximizes juice yield from each orange, ensuring customers receive enhanced value for their purchases. By integrating advanced technologies such as cloud computing, artificial intelligence, and mobile payment systems, Vingoo Juice significantly enhances the consumer experience, making the process of obtaining fresh juice more convenient and efficient.

ShopeX

Series D in 2017
ShopEx is a leading e-commerce software and service provider based in China, specializing in the research and development of solutions tailored for online retail. The company offers a comprehensive suite of management software designed to assist retail merchants in various aspects of their operations, including online transactions, supply chain management, and financial payments. By integrating third-party resources, ShopEx enables retail store owners to effectively develop and manage their e-commerce businesses. With a strong focus on innovation, the company boasts an experienced team that has developed proprietary technology and holds intellectual property rights in the field of e-commerce software.

Danke Apartment

Series A in 2017
Danke Apartment is a prominent internet-enabled apartment management startup based in China, founded in January 2015. The company manages over 320,000 apartment units across major cities such as Beijing, Shanghai, Shenzhen, and Hangzhou. By leveraging technology, Danke Apartment aims to transform the residential rental market, offering innovative solutions for both property owners and renters. The company centrally manages apartments sourced from property owners, standardizing design, renovation, and furnishing to ensure high-quality living spaces. With a focus on providing reliable, one-stop services, Danke Apartment operates entirely online, eliminating the need for physical storefronts and facilitating a seamless experience for its users.

Roadefend

Series A in 2017
Roadefend is a technology company specializing in automotive active safety solutions, particularly focusing on driver fatigue warning systems enhanced by facial recognition technology. Initially launched as a fatigue warning system, it evolved into a comprehensive driver active safety defense system in 2016. Roadefend integrates artificial intelligence to analyze driving behavior and provide safety assurance through its advanced driving analysis system. The company's innovations support multi-level data management for fleet operations, allowing for real-time monitoring and cloud-based analysis to enhance the safe operation of vehicles and reduce accident risks.

MyDreamPlus

Series B in 2017
MyDreamPlus is a co-working space startup that focuses on providing a technologically advanced working environment. Established in May 2015, the company integrates space design, smart office management, and community operations to create high-quality workspaces. MyDreamPlus designs innovative furniture and develops management systems that allow customers to address office-related tasks through their smartphones, such as accessing doors, booking meeting rooms, and sharing Wi-Fi passwords. With a presence in over 20 locations primarily in major cities like Beijing and Chengdu, the company has attracted more than 300 enterprises, with a significant majority being established firms. This diverse clientele includes notable companies such as COFCO, Chinese TAL Education Group, Airbnb, and VIPKID, reflecting MyDreamPlus's commitment to catering to various business needs, from startups to larger corporate teams.

YOTA

Series A in 2016
YOTA offers a private nutrition kitchen service for women. They provide solutions for women such as weight loss and slimming packages, work meals, afternoon tea, and beauty meals.

Coffee0.8

Series A in 2016
Coffee0.8 is a company that specializes in the development of a smart self-service coffee machine. This innovative device is designed to provide consumers with freshly ground coffee by automatically processing dried coffee beans through an integrated grinder and brewing system. With its focus on delivering a variety of coffee flavors, Coffee0.8 aims to enhance the coffee-making experience for users, allowing them to enjoy freshly brewed coffee at their convenience.

Haozu.com

Series B in 2016
Haozu.com is a prominent Chinese platform dedicated to providing house renting information and services. Launched in 2009, it is part of a larger group that includes Anjuke.com, which focuses on house-buying information, and other commercial real estate services. Haozu.com has established a significant presence in 58 major cities, including Shanghai, Beijing, and Guangzhou, offering nearly 700,000 rental housing resources. The platform attracts an average of 500,000 users daily seeking rental information. Additionally, Haozu's mobile application has gained popularity among renters, amassing over 4.5 million users, which accounts for 74% of the rental app market in China. The company utilizes cloud computing and big data to enhance its services, providing a comprehensive solution for tenants and property owners alike.

Xiaozhu.com

Series D in 2016
Xiaozhu.com (小猪短租网) is a Chinese booking website for daily rental and short-term rooms. It aims to provide a guaranteed platform for online communication and transactions for landlords and tenants. Also, a green platform ecosystem is established by mechanisms such as property and personal safety guarantee schemes as well as identification. This will effectively take full advantages and maximize the value of landlords' idle resources through sharing. Meanwhile, it enhances the social relationship and interaction between landlords and tenants and provides tenants with more humanized accommodation experience which is different from traditional hotels. Currently, the company has had branches in 13 cities all over the country and its house sources cover more than 130 domestic cities.

Meituan Bike

Series C in 2016
Meituan Bike, previously known as Mobike, is a Chinese bicycle-sharing service that operates a fully station-less model. Founded in January 2015 by Davis Wang Xiao Feng, Hu Wei Wei, and Xia Yi Ping, the company is headquartered in Beijing. Meituan Bike allows users to easily locate and rent bicycles through a mobile application, facilitating convenient transportation for short urban trips. The bicycles are equipped with smart locks and can be reserved via the app, offering a seamless user experience. In April 2018, the company was acquired by Meituan-Dianping for $2.7 billion and was rebranded as Meituan Bike in January 2019 as part of the integration process. The service has grown significantly since its inception, contributing to the development of urban mobility solutions in China.

Meituan Bike

Series B in 2016
Meituan Bike, previously known as Mobike, is a Chinese bicycle-sharing service that operates a fully station-less model. Founded in January 2015 by Davis Wang Xiao Feng, Hu Wei Wei, and Xia Yi Ping, the company is headquartered in Beijing. Meituan Bike allows users to easily locate and rent bicycles through a mobile application, facilitating convenient transportation for short urban trips. The bicycles are equipped with smart locks and can be reserved via the app, offering a seamless user experience. In April 2018, the company was acquired by Meituan-Dianping for $2.7 billion and was rebranded as Meituan Bike in January 2019 as part of the integration process. The service has grown significantly since its inception, contributing to the development of urban mobility solutions in China.

Nio

Series B in 2016
Nio is a Chinese electric vehicle manufacturer that designs, manufactures, and sells premium smart electric vehicles globally. Founded in 2014, Nio offers a range of SUVs with varying seating capacities, along with innovative charging solutions such as battery swapping services and mobile charging trucks. The company also provides value-added services like insurance packages, maintenance, and roadside assistance. Nio collaborates with industry leaders for autonomous driving technologies and manufactures its vehicles through strategic partnerships. As of 2023, Nio has sold over 160,000 electric vehicles in China alone, capturing approximately 2% of the market share for new energy passenger vehicles.

Bluepay

Series A in 2016
Bluepay develops a mobile payment platform that will be suitable for the digital society. Their services include bluepay, bluemart, vending machines, and more.

Haozu.com

Series A in 2016
Haozu.com is a prominent Chinese platform dedicated to providing house renting information and services. Launched in 2009, it is part of a larger group that includes Anjuke.com, which focuses on house-buying information, and other commercial real estate services. Haozu.com has established a significant presence in 58 major cities, including Shanghai, Beijing, and Guangzhou, offering nearly 700,000 rental housing resources. The platform attracts an average of 500,000 users daily seeking rental information. Additionally, Haozu's mobile application has gained popularity among renters, amassing over 4.5 million users, which accounts for 74% of the rental app market in China. The company utilizes cloud computing and big data to enhance its services, providing a comprehensive solution for tenants and property owners alike.

Meituan Bike

Series A in 2015
Meituan Bike, previously known as Mobike, is a Chinese bicycle-sharing service that operates a fully station-less model. Founded in January 2015 by Davis Wang Xiao Feng, Hu Wei Wei, and Xia Yi Ping, the company is headquartered in Beijing. Meituan Bike allows users to easily locate and rent bicycles through a mobile application, facilitating convenient transportation for short urban trips. The bicycles are equipped with smart locks and can be reserved via the app, offering a seamless user experience. In April 2018, the company was acquired by Meituan-Dianping for $2.7 billion and was rebranded as Meituan Bike in January 2019 as part of the integration process. The service has grown significantly since its inception, contributing to the development of urban mobility solutions in China.

Tuhu

Series C in 2015
Tuhu is a prominent integrated online and offline platform for automotive services in China, catering to car owners' diverse needs through a customer-centric model. The company offers same-day or next-day delivery and installation of automobile after-sales products in over 260 cities across mainland China. Tuhu's services are accessible via its website, mobile app, call center, and third-party e-commerce platforms. By streamlining its supply chain and providing a digitalized, on-demand service experience, Tuhu effectively connects car owners, suppliers, and automotive service stores. Its platform accommodates a wide range of passenger vehicle models and fulfills various automotive service demands, including tire and chassis parts replacement, maintenance, repair, and detailing.

Xinshang

Series A in 2015
Xinshang is a Chinese e-commerce platform that operates a customer-to-customer marketplace specializing in secondhand luxury goods, such as bags, shoes, watches, clothing, and jewelry. The platform allows users to sell their used luxury items or purchase both secondhand and new luxury products at competitive prices. Xinshang has experienced significant growth, with its monthly transaction value increasing by 30% consistently. The company claims to hold over 50% of the secondhand luxury goods market in China, positioning itself as a leading player in this sector.

Bluepay

Angel Round in 2015
Bluepay develops a mobile payment platform that will be suitable for the digital society. Their services include bluepay, bluemart, vending machines, and more.

Nio

Series A in 2015
Nio is a Chinese electric vehicle manufacturer that designs, manufactures, and sells premium smart electric vehicles globally. Founded in 2014, Nio offers a range of SUVs with varying seating capacities, along with innovative charging solutions such as battery swapping services and mobile charging trucks. The company also provides value-added services like insurance packages, maintenance, and roadside assistance. Nio collaborates with industry leaders for autonomous driving technologies and manufactures its vehicles through strategic partnerships. As of 2023, Nio has sold over 160,000 electric vehicles in China alone, capturing approximately 2% of the market share for new energy passenger vehicles.

MyDreamPlus

Series A in 2015
MyDreamPlus is a co-working space startup that focuses on providing a technologically advanced working environment. Established in May 2015, the company integrates space design, smart office management, and community operations to create high-quality workspaces. MyDreamPlus designs innovative furniture and develops management systems that allow customers to address office-related tasks through their smartphones, such as accessing doors, booking meeting rooms, and sharing Wi-Fi passwords. With a presence in over 20 locations primarily in major cities like Beijing and Chengdu, the company has attracted more than 300 enterprises, with a significant majority being established firms. This diverse clientele includes notable companies such as COFCO, Chinese TAL Education Group, Airbnb, and VIPKID, reflecting MyDreamPlus's commitment to catering to various business needs, from startups to larger corporate teams.
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