How many investments has BAI capital made?

BAI capital has 10 tracked investments, including 3 dated in the last 24 months.

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.

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.

BAI capital

Private equity

Beijing · Seed–Growth · 23 people tracked

Also known as BAI CAPITAL MANAGEMENT LIMITED

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Find your way into BAI capital

1,948 people in our graph share verified history with the BAI capital team — schools, employers, funds. One of them is your warm intro.

Alex Tranunlockedknows William Zhao · together at Stori (overlapped)

knows the team · via Schulich School of Business - York University

knows the team · via London Business School

×2knows the team · via National University of Singapore

knows the team · via INSEAD

×3knows the team · via Harvard Business School

✨ Fox Verdict

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.

Invests inConsumer Data & Infrastructure EdTech Enterprise Software Fintech Media & Entertainment Mobility & Transportation Retail Tech SaaS Asia-Pacific Beijing China Global Hong Kong United States

Source: firm website, verified Jul 28, 2026.

Stage

Seed–Growth

Check

$3M – $100M

Beijing, CN

Leads rounds

Follows

Instruments

Equity

Founded

2008

Last 12 months

2 investments

AUM

$3B

Tracked investments

Unicorns

Team · 23 people

from curated & public directories

Annabelle Long· Founding and Managing Partner

a•••@baifund.comreveal

Annabelle Yu Long· Founding and Managing Partner

Annabelle Yu Long, an engineer, ex-TV host and Stanford MBA, bridged Bertelsmann and China's venture scene and runs nine-day Mexico expansion trips with cabinet and industry meetings as a playbook.

Will Wang· Partner

Will Wang won a 2012 Bertelsmann talent contest that launched his VC career; he became Partner, a primary public representative, and focuses on next‑generation networks across consumer internet, fintech, hardware.

w•••@baifund.comreveal

Kuba Soltysiak· LatAm Partner· Canadain

Kuba Soltysiak is the Founder and CEO of Polymath Ventures, a venture studio and seed fund operating in Latin America that builds and invests in digital platforms aimed at the middle class. His earlier career spanned roles as an experimental physicist at a US national lab, a lead quant trader at a startup hedge fund, a management consultant in the Middle East, and an entrepreneur in Silicon Valley.

Will Wang· Partner· Shanghaiin 𝕏

William Zhao· Partner· London, England, United Kingdomin

William Zhao rose from VP to partner in a decade, focusing on cross-border fintech, enterprise services and industrial tech, with a University of Waterloo technical background, named 2020 Emerging Leader.

Harry Cui· Investment Manager· Shanghai, Chinain

h•••@baifund.comreveal

Yijing Song· Principal

Yijing Song is an operator-turned-investor with deep consumer internet and data-driven platform experience, Vanderbilt-educated and Shanghai-based, fluent in Chinese and global business, bridging consumer companies between China and international markets.

y•••@baifund.comreveal

York Zhu· Investment Manager

y•••@baifund.comreveal

Amy Zhao· Principal· Singaporein

Amy Zhao leads Openspace's Web3 strategy, Ocular, and sits on both the Ocular Web3 Investment Committee and the firm's Executive Committee. She has invested in crypto assets since 2017 (venture and hedge funds, DeFi/gaming/L1-L2 tokens, early projects and NFTs), previously led Investor Relations at Openspace, and held roles at Dymon Asia Capital and Cambridge Associates.

a•••@openspace.vcreveal

Satoshi Nunokawa· Senior Investment Manager· Greater Tokyo Areain

Joined Deloitte Tohmatsu Financial Advisory in 2019, working on M&A advisory and equity valuation primarily in the financial sector. Joined Incubate Fund in 2022 as an associate, sourcing new investments and supporting portfolio company value creation. Graduated from Kyoto University's Faculty of Economics.

n•••@incubatefund.comreveal

John Farrell· Venture Partner

John Farrell is a venture partner expanding into Mexico and the Americas while leading a Mexico-focused fund, bridging Chinese capital and Latin American startups with local investing experience.

Wenyi Cai· Venture Partner

Wenyi Cai, Chinese-born founder of one of Latin America's first venture studios, bridges China and LatAm ecosystems and uses philosophical, art-thinking, and narrative-design frameworks to sharpen founders' long-term storytelling.

Elizabeth Eng· Director

Jason Sneah· Director

Yu Long· Director

Iris Cong· Vice President

i•••@baifund.comreveal

William (Penglan) Zhao· Vice President· Beijing

w•••@baifund.comreveal

Yuhe (York) Zhu· Investment Professional· Shanghaiin

Lerou S.· Analyst· Shanghai

Lin C.· Associate· Shanghai

Lucy Yang Lulu· Investor· Shanghai

Yaopeng Xing· Investor· Beijing

What they invest in

from 7 of 10 portfolio companies

AI & Machine Learning ×4Deep Tech ×4Hardware ×3Fintech ×2Mobility & Transportation ×2Advanced Manufacturing ×1Consumer ×1Crypto & Web3 ×1

HQs:China×2Mexico×1United States×1

Investments · showing 7 of 10

founders shown can be your intro path

By year:2026 · 2 2023 · 1 2022 · 14 dated

Cixtechcixtech.com✓ verified

CIX Tech designs semiconductor chips and processor solutions, with focus on ARM-based computing platforms for desktop and cloud applications.

AI & Machine LearningDeep TechHardwareSemiconductorsShanghai, CN

Co-investorsQiming Venture Partners Cornerstone Capital NIO Capital Shunwei Capital

ClearMotionclearmotion.com inJun 2023

ClearMotion develops active suspension systems for automotive vehicles.

Advanced ManufacturingAI & Machine LearningDeep TechHardwareMobility & TransportationChangshu, CN

Zack Anderson(Founder)inShak Avadhany(Founder)Zackary Anderson(Executive Officer, Director)Shakeel Avadhany(Executive Officer, Director)in Christian Steinmann(CEO)in

BoardKrishna Kolluri(Director)

Co-investorsM12 (Microsoft's Venture Fund)New Enterprise Associates (NEA)NewView Capital Qualcomm Ventures Verissimo Ventures NIO Capital +1 more

Magicmagicdoasyouwill.comAug 2026 · $50M

Magic DAYW Inc. is developing a mobile game.

Gaming

Co-investorsHongShan Capital Group HyT Capital IDG Capital

Magicmagic.exchange in 𝕏

Magic Circle offers a compliant tokenization platform for security token offerings (STOs), including identity authentication, a digital assets marketplace, and programmable value management.

Crypto & Web3Fintech

Co-investorsProDigital Future Fund HyT Capital

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)in

Co-investorsTorch Capital HyT Capital IDG Capital

Seyondseyond.com in

Seyond develops image-grade LiDAR sensors and perception software for applications such as automotive, mobility, and traffic-intersection monitoring.

AI & Machine LearningDeep TechHardwareIoTMobility & TransportationRoboticsSunnyvale, US

Bao Junwei(Chairman of the Board, Executive Director, Co-Founder, and Chief Executive Officer)in Li Yimin(Executive Director, Co-Founder, and Chief Technology Officer)in

Co-investorsCenturium Capital F-Prime Capital NIO Capital Eight Roads Ventures Joy Capital Temasek

Storistoricard.com in 𝕏Jul 2022 · $200M

Stori offers a mobile app with consumer financial products in Mexico, including a no-annual-fee credit card with up to 10% cashback, an interest-bearing debit account, and personal loans.

ConsumerFintechMexico City, MX

Bin Chen(Founder)inGY L(Founder)Guangyu (GY) L(Founder)in Sherman He(Founder)in

Co-investorsGeneral Catalyst Notable Capital Source Code Capital Vision Plus Capital ZMT Capital Community Investment Management +4 more

Portfolio news

latest coverage across their companies

Practical Magic 2 charity night coming to Delray Beach

Magic · cbs12.com · Sep 11, 2026

Practical Magic 2 charity night coming to Delray Beach

Magic · cbs12.com · Sep 11, 2026

Math Magic Closes Series A+ Funding

Math · finsmes.com · Aug 21, 2026

AMSYS and Seyond form partnership for LiDAR distribution By Investing.com

Seyond · investing.com · Aug 19, 2026

Nio Capital-backed ClearMotion begins construction of its 1st plant to produce suspension systems - CnEVPost

ClearMotion · cnevpost.com · Nov 13, 2025

Frequently asked questions

How many investments has BAI capital made?: BAI capital has 10 tracked investments, including 3 dated in the last 24 months.
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.

Both backed · 1

Stori

$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.

Both backed · 1

Stori

$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.

Both backed · 1

Stori

$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.

Both backed · 1

Stori

$5M – $50M

Source Code Capital

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

Both backed · 1

Stori

$2M – $200M

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

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.

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