Fundraising Fox

BAI capital

Private equity

Beijing · Seed–Growth · 20 people tracked

Also known as BAI CAPITAL MANAGEMENT LIMITED

Fox Verdict
Sign up to see your fit

Investment thesis

China-focused VC spun out of Bertelsmann, giving founders rare access to its global media, education and services ecosystem while backing Chinese tech exporters and infrastructure/industrial upgrades.

Source: firm website, verified Jul 28, 2026.

Stage
Seed–Growth
Check
$3M – $100M
HQ
Beijing, CN
Leads rounds
Follows
Instruments
Equity
Founded
2008
Last 12 months
1 investment
AUM
$3B
Tracked investments
2

Team · 20 people

from curated & public directories
Annabelle Long· Founding and Managing Partner
Harry Cui· Investment Managerin
Lerou S.· Analyst
Lin C.· Associate
Lucy Yang Lulu· Investor

What they invest in

from 2 of 2 portfolio companies

AI & Machine Learning ×2Deep Tech ×2Advanced Manufacturing ×1Hardware ×1Mobility & Transportation ×1

HQs:China×1

Investments · 2 tracked

founders shown can be your intro path

By year:2026 · 12023 · 12 dated

ClearMotionclearmotion.cominJun 2023

ClearMotion develops active suspension systems for automotive vehicles.

Advanced ManufacturingAI & Machine LearningDeep TechHardwareMobility & TransportationChangshu, CN

Zack AndersonShak AvadhanyZackary Anderson(Executive Officer, Director)Shakeel Avadhany(Executive Officer, Director)Christian Steinmann(CEO)

BoardKrishna Kolluri(Director)

Co-investorsM12 (Microsoft's Venture Fund)New Enterprise Associates (NEA)NewView CapitalQualcomm VenturesVerissimo VenturesNIO Capital+1 more

Mathmath.incAug 2026

Math Inc. develops AI systems for autoformalization, including Gauss, an agent that formalizes mathematical proofs, aimed at achieving verified superintelligence.

AI & Machine LearningDeep Tech

Jesse Han(Founder)

Co-investorsTorch CapitalHyT CapitalIDG Capital

Portfolio news

latest coverage across their companies
Math Magic Closes Series A+ Funding

Math · finsmes.com · Aug 21, 2026

Frequently asked questions

What stage does BAI capital invest at?
BAI capital invests at the Seed, Series A, Series B, Series C, Growth stages.
What is BAI capital's typical check size?
BAI capital typically writes checks of $3M – $100M.
What sectors does BAI capital focus on?
BAI capital focuses on Consumer, Data & Infrastructure, EdTech, Enterprise Software, Fintech, Media & Entertainment, Mobility & Transportation, Retail Tech, SaaS.
Where is BAI capital located?
BAI capital is headquartered in Beijing, CN.
Does BAI capital lead rounds?
BAI capital typically participates in rounds rather than leading them.

Co-investors · 8

General Catalyst

General Catalyst is a venture capital firm operating as a partnership focused on company building and accelerating the growth of the businesses it backs.

$30M
Lightspeed Venture Partners

Lightspeed is a global venture capital firm that has spent over two decades backing innovative companies as an early and first investor.

$1.7M – $87M
Notable Capital

Notable Capital is a venture capital firm that has partnered with founders for over two decades, backing companies from the earliest stages through to exit.

$5M – $50M
Goodwater Capital

Goodwater Capital is a consumer technology investment firm backing entrepreneurs building companies across sectors such as housing, healthcare, food delivery, financial services, education, entertainment, and transportation.

$5M – $50M
Dragonfly

Dragonfly is a crypto-focused investment firm comprising Dragonfly Ventures, Dragonfly Liquid, and Metastable, an early crypto hedge fund it acquired. It invests in and researches blockchain, tokens, and crypto companies.

$3M – $30M
IVC

IVC is a venture capital firm that has made over 200 investments across Web3, gaming, digital entertainment, AI, infrastructure, and fintech.

$480K – $9M
Source Code Capital

Source Code Capital is a Chinese venture capital firm whose team comes from investment management, product/technology, consulting, and media backgrounds.

$2M – $200M
Korea Investment Partners

Korea Investment Partners is a South Korea-based venture capital firm that invests across multiple stages from early-stage startups through growth and buyout transactions, including venture debt and mezzanine financing. The firm operates across venture capital, middle market, and growth equity investment categories.

$973K – $50M

Firms observed investing alongside BAI capital, from public investor directories. Shared companies are the overlap with BAI capital's recorded portfolio.

Similar investors

Featured in lists