How many investments has Blue Lake Capital made?

Blue Lake Capital has 26 tracked investments.

What stage does Blue Lake Capital invest at?

Blue Lake Capital invests at the Pre-Seed, Seed, Series A, Series B stages.

Where is Blue Lake Capital located?

Blue Lake Capital is headquartered in Shanghai, CN.

Who does Blue Lake Capital co-invest with?

Blue Lake Capital most often shares deals with Cathay Innovation, Conductive Ventures, Granite Asia, among 9 tracked co-investors.

Blue Lake Capital

Venture capital

Shanghai · Pre-Seed–Series B · 5 people tracked

Also known as BLC ADVISORS, LTD.

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Investment thesis

Blue Lake Capital concentrates heavily on innovation and upgrading within China's digital industry, focusing its investments on early-stage founders in two core areas: enterprise software and intelligent/smart manufacturing. The team combines a research-plus-industry perspective, leveraging years of industry experience and resources to deeply empower startups at various stages through strategic and operational advisory, introduction of core resources, and recommendation of key talent. The firm has also compiled market-cap data from nearly 40 benchmark Chinese enterprise-software listed companies to create the Blue Lake China Enterprise Software Index.

Invests inAdvanced Manufacturing AI & Machine Learning Consumer Data & Infrastructure EdTech Enterprise Software Hardware HR Tech LegalTech Mobility & Transportation Retail Tech Robotics SaaS Sales Tech Asia-Pacific China Shanghai

Source: firm website, verified Aug 25, 2026.

Stage

Pre-Seed–Series B

Shanghai, CN

Instruments

Equity

Founded

2014

AUM

$800M

VC funds

Tracked investments

Team · 5 people

from curated & public directories

Ray Hu· 创始人 & 管理合伙人 (Founder & Managing Partner)

Ray Hu is the founder and managing partner of Blue Lake Capital, with over 20 years of investing and consulting experience focused on smart manufacturing and enterprise software. He previously worked at GGV Capital and Boston Consulting Group. He holds a bachelor's and master's degree in economics from Fudan University and an MBA from the Kellogg School of Management at Northwestern University.

r•••@bluelakecap.comreveal

Haitao Wei· Partner· Shanghai, Shanghai, Chinain

Haitao Wei is a Partner at Blue Lake Capital with over ten years of experience in technology venture investing, concentrating on enterprise software and services and advanced manufacturing. Before Blue Lake Capital, he worked at F&G Venture and Ivy Capital, both focused on technology investments. He holds a Bachelor's degree in Electronic Engineering and an MBA from Antai College of Economics and Management, both at Shanghai Jiao Tong University.

h•••@bluelakecap.comreveal

Haohui Chen· 合伙人 (Partner)

Haohui Chen is a partner at Blue Lake Capital, focusing on e-commerce and enterprise software. Before joining the firm, he worked at Alibaba Group's Yahoo Search and Alimama business units and at Amoeba Capital, and he has years of entrepreneurial experience in e-commerce. His background includes enterprise software and cross-border e-commerce operations management.

h•••@bluelakecap.comreveal

Wallace Tang· 首席财务官 (Chief Financial Officer)· Minhang District, Shanghai, Chinain

Wallace Tang is the CFO of Blue Lake Capital, with over 20 years of experience in financial management, corporate operations, and auditing. He previously served as CFO of MediaV, where he led the company's 2014 restructuring — its internet integrated marketing business was sold to Leo Group (SZSE: 002131) and its internet traffic trading platform was sold to Qihoo 360 (NYSE: QIHU) in 2016. Earlier roles included finance and internal audit director positions at Anjuke, Adecco, Avery, and KPMG. He holds an international MBA jointly awarded by Tongji University and École des Ponts ParisTech.

w•••@bluelakecap.comreveal

David Savioz· CFO· Geneva, Geneva, Switzerlandin

d•••@pmi.comreveal

What they invest in

from 4 of 27 portfolio companies

AI & Machine Learning ×3Deep Tech ×2SaaS ×2Developer Tools ×1HR Tech ×1Marketing Tech ×1Mobility & Transportation ×1Robotics ×1

HQs:China×1United States×1

Investments · 27 tracked

founders shown can be your intro path

Zhihu (知乎)zhihu.comNYSE: ZH

Co-investorsAccess Technology Ventures PreAngel Partners Qiming Venture Partners XVC Venture Capital

HireEZhireez.com in 𝕏

hireEZ builds an AI-first recruiting platform that combines AI talent sourcing, recruitment CRM, analytics, and automation for talent acquisition and recruiting teams.

AI & Machine LearningHR TechSaaSMountain View, US

Steven Jiang(Founder)Xinwen Zhang

Co-investorsConductive Ventures

Lemurian Labslemurianlabs.comOct 2023 · $9M

Lemurian Labs develops Tachyon, a software stack that runs AI workloads on any hardware and cloud while matching or exceeding the performance of hand-tuned kernels.

AI & Machine LearningDeep TechDeveloper Tools

Jay Dawani(Founder & CEO)in

Co-investors1Flourish Capital Blackhorn Ventures futureland ventures Good Growth Capital Mistral Venture Partners Origin Ventures +11 more

Moka

Momentamomenta.ai

Momenta develops autonomous driving software for automakers, offering L2/L2+ assisted driving and L3 autonomous driving systems for mass-produced vehicles.

AI & Machine LearningDeep TechMobility & TransportationRoboticsBeijing, CN

Co-investorsCathay Innovation Granite Asia NIO Capital Shunwei Capital

Toutiaotoutiao.com

Zelos

乐言科技

九识智能

再惠

启客多

复志Raise3D

怡合达

悉智科技

探马SCRMtanmarket.cn

Tanmarket (探马) provides an SCRM (social customer relationship management) system built on WeChat Work, offering multi-channel customer acquisition, unified customer follow-up, automated group management, and sales management for mid-to-large enterprises.

Marketing TechSaaSSales Tech

数数科技

昆宇新能源

森云智能

汇联易

海富电子

甄云科技

甄零一诺

美菜

聚复Polymaker

聚水潭

英特模

超卓航科

Exits · 1

IPOs and acquisitions across the tracked portfolio

Zhihu (知乎)NYSE: ZH

Portfolio news

latest coverage across their companies

Lemurian Labs Raises $28M in Series A Funding

Lemurian Labs · finsmes.com · Dec 4, 2025

Frequently asked questions

How many investments has Blue Lake Capital made?: Blue Lake Capital has 26 tracked investments.
What stage does Blue Lake Capital invest at?: Blue Lake Capital invests at the Pre-Seed, Seed, Series A, Series B stages.
What sectors does Blue Lake Capital focus on?: Blue Lake Capital focuses on Advanced Manufacturing, AI & Machine Learning, Consumer, Data & Infrastructure, EdTech, Enterprise Software, Hardware, HR Tech, LegalTech, Mobility & Transportation, Retail Tech, Robotics, SaaS, Sales Tech.
Where is Blue Lake Capital located?: Blue Lake Capital is headquartered in Shanghai, CN.
Who does Blue Lake Capital co-invest with?: Blue Lake Capital most often shares deals with Cathay Innovation, Conductive Ventures, Granite Asia, among 9 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Livecast #8: VC Ray Hu of Blue Lake Capital on China SaaS

Tech Buzz China · Ray Hu

Images

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