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 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 · 8 people tracked

Also known as BLC ADVISORS, LTD.

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Find your way into Blue Lake Capital

594 people in our graph share verified history with the Blue Lake Capital team — schools, employers, funds. One of them is your warm intro.

Antonio Grifoniunlockedknows David Savioz · together at Università Bocconi (overlapped)

×2knows the team · via Shanghai Jiao Tong University

knows the team · via Anjuke Inc.

knows the team · via Regent's University London

×6knows the team · via Fudan University

knows the team · via Henkel

✨ Fox Verdict

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 15, 2026.

Stage

Pre-Seed–Series B

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.

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 5 of 28 portfolio companies

AI & Machine Learning ×3SaaS ×3Deep Tech ×2Developer Tools ×1E-commerce ×1Enterprise Software ×1Fintech ×1HR Tech ×1

HQs:China×3United States×2

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

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

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

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

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 BlackRock Temasek +2 more

Other

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

MokaToutiaoZelos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

Earnings call transcript: Momenta posts strong H1 2026 growth, shares rise 5.7% By Investing.com

Momenta · investing.com · Aug 31, 2026

Lingxing Seeks Hong Kong IPO, But Heavy Reliance On Aggregators Could Worry Investors

Lingxing · sahmcapital.com · Apr 28, 2026

Zelos Secures Over USD 300 Million in New Funding, Valuation Surpasses USD 1 Billion - Pandaily

Zelos · pandaily.com · Feb 24, 2026

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 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 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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