Fundraising Fox

BAI capital

Venture capital

Beijing · Seed–Growth · 18 people tracked

Also known as BAI CAPITAL MANAGEMENT LIMITED

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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
AUM
$3B

Team · 18 people

from public directories
Annabelle Long· Founding and Managing Partner
Lerou S.· Analystin
Lin C.· Associatein
Lucy Yang Lulu· Investorin
Yilan Ryan Huangin

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 and investment firm that backs founders across industries, with a strong focus on AI-driven transformation, fintech, healthcare, and other sectors.

$30M
Lightspeed Venture Partners

Lightspeed Venture Partners is a global venture capital firm known for backing AI and technology founders, emphasizing deep, hands-on partnerships with the companies it funds.

$1.7M – $87M
Notable Capital

Notable Capital is an early-stage venture firm that partners closely with founders, providing hands-on operational support through a platform team of experienced operators across hiring, sales, leadership development, storytelling, and engineering.

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 fund that backs researchers and builders working to advance the crypto ecosystem.

$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.

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