How many investments has Blue Lake Capital made?

Blue Lake Capital has 28 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.

What stage does Blue Lake Capital invest at?

Blue Lake Capital invests at the Seed, Series A 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 13 tracked co-investors.

Blue Lake Capital

Venture capital

Shanghai · Seed–Series A · 8 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 Sep 29, 2026.

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Stage

Seed–Series A

Shanghai, CN

Instruments

Equity

Founded

2014

AUM

$800M

VC funds

Tracked investments

Unicorns

IPOs

Team · 8 people

from curated & public directories

Lei Hu· General Partner

Shunhua Tang· General Partner

Tang Shunhua· General Partner

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.

rhu@bluelakecap.com

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.

hwei@bluelakecap.com

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.

hchen@bluelakecap.com

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.

wtang@bluelakecap.com

David Savioz· CFO· Geneva, Geneva, Switzerlandin

david.savioz@pmi.com

What they invest in

from 6 of 28 portfolio companies

AI & Machine Learning ×3SaaS ×3Advanced Manufacturing ×2Deep Tech ×2Developer Tools ×2Enterprise Software ×2Cloud Computing ×1Data & Infrastructure ×1

HQs:China×3United States×3Singapore×1

Investments · 28 tracked

founders shown can be your intro path

By year:2024 · 1 2023 · 1 2021 · 13 dated

Zhihu (知乎)zhihu.comNYSE: ZH

Zhou Yuan(Founder)

Co-investorsAccess Technology Ventures PreAngel Partners Qiming Venture Partners XVC Venture Capital HongShan Capital Group Innovation Works

探马SCRMtanmarket.cn✓ verified

Tanma is an SCRM (Social CRM) platform that provides customer management and digital marketing tools for enterprises, featuring employee management, WeChat customer service, and data analytics capabilities.

Enterprise SoftwareMarketing TechSaaSSales TechBeijing, CN

Chang Fengfeng(CEO)

Co-investorsShunwei 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)inXinwen Zhangin

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.

Advanced ManufacturingAI & Machine LearningDeep TechDeveloper ToolsOakland, US

Jay Dawani(Founder & CEO)inRobert Ferguson(Chief Financial Officer)Ron Gershoni(Chief Executive Officer)Sanjay Tolia(Director)

Co-investors1Flourish Capital Alumni Ventures Blackhorn Ventures BlueLake.vc futureland ventures Good Growth Capital +13 more

Lingxinglingxing.comMay 2021

Lingxing provides an ERP system that integrates cross-border e-commerce operations with financial management, enabling sellers to track profitability, allocate costs by product, and automate financial reporting.

E-commerceFintechLogistics & Supply ChainRetail TechSaaSShenzhen, CN

Co-investorsXiang He Capital Eastern Bell Capital Hillhouse Capital Shunwei Capital Source Code Capital

Mokamokahr.com

Data-driven intelligent HR SaaS product for enterprises, covering recruitment channels, talent pools and analytics.

Singapore, SG

Orion Zhao(Founder)inGuoxing Li(Founder)in

Co-investorsXiang He Capital East Ventures GGV Capital GSR Ventures Hillhouse Capital

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 Primavera Venture Management Limited Shunwei Capital BlackRock +3 more

Zeloszeloscloud.io inNov 2024 · $100M

Zelos Cloud provides a collaborative data platform for observing, controlling, and testing mission-critical systems across industrial and manufacturing environments.

Advanced ManufacturingCloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US

Michael Jaradah(Founder)in Taylor Keairns(Founder)inCHRISTOPHER WILLIAMS(Executive Officer, Director, Promoter)John Ott

Co-investorsHuman Capital Y Combinator D Global Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Toutiao乐言科技九识智能再惠启客多复志Raise3D怡合达悉智科技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

1 IPOs

Zhihu (知乎)NYSE: ZH

Portfolio news

latest coverage across their companies

Lemurian Labs Raises $28 Million Series A to Liberate AI from the Constraints of Hardware

Lemurian Labs · lemurianlabs.com · Apr 1, 2026

Frequently asked questions

How many investments has Blue Lake Capital made?: Blue Lake Capital has 28 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.
What stage does Blue Lake Capital invest at?: Blue Lake Capital invests at the Seed, Series A 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 13 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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