What stage does Fresh Capital invest at?

Fresh Capital invests at the Seed, Series A, Series B stages.

What sectors does Fresh Capital focus on?

Fresh Capital focuses on Circular Economy, Cleantech, Climate Tech, Consumer, Energy, Fintech.

Where is Fresh Capital located?

Fresh Capital is headquartered in Shanghai, CN.

Fresh Capital

Venture capital

Shanghai · Seed–Series B · 6 people tracked

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Investment thesis

Fresh Capital invests in early- to mid-stage opportunities across the circular economy, clean energy, and consumer technology sectors. The firm believes technology and innovation drive transformation in the consumer industry and enable better lifestyles. Operating within China's carbon-peak and carbon-neutrality megatrends and the shift from incremental to stock-based growth, it views continuous technological innovation and business-model refinement as the engine of China's economic upgrade. It emphasizes deep thinking, respect for fundamental business logic, and long-term value creation for investors and society.

Invests inCircular Economy Cleantech Climate Tech Consumer Energy FintechChinaShanghai

Source: firm website, verified Aug 3, 2026.

Stage

Seed–Series B

Shanghai, CN

Instruments

Equity

Founded

2017

Tracked investments

Team · 6 people

from the firm's website & public directories

胡宇晨

Founder of Fresh Capital with 20 years in the investment industry and deep experience and networks in consumer retail and services. Previously a partner at Cathay Capital leading growth-fund investments, and earlier worked at Deloitte and EY.

Steven Hu· Partner

s•••@freshcapital.cnreveal

杨艳

Risk-control and internal-control specialist with 12 years of experience, previously a senior advisor in risk management and internal control at multinationals and financial institutions including PwC and Citibank. A Chinese CPA; holds a degree from Shanghai University of Finance and Economics.

肖潇

Investment professional with 13 years of experience specializing in consumer-sector investing, with strong understanding of consumption upgrade, new consumer brands, and consumer internet. Previously at Cathay Capital, Yichuang Morgan Securities, and China Construction Bank. Holds an MBA from HKUST and a degree from Tsinghua University.

陆玄

Investment professional with 10 years of industry experience focused on large-consumer and advanced-manufacturing financing, having participated in deals exceeding RMB 500 million. Previously worked at firms including Muda Investment, Dongzhou Asset Appraisal, and Deloitte UK. Holds a degree from the London School of Economics.

Karl Dong· Vice President

k•••@freshcapital.cnreveal

Investments · 10 tracked

founders shown can be your intro path

MCAKE

享换机

Consumer device exchange/upgrade service.

原麦山丘

好东西

好美意

Fintech platform offering large-ticket installment financing for home decoration and household consumption scenarios.

爱分类爱回收

High-tech enterprise providing waste sorting and smart recycling across the full industry chain, and an integrated urban environmental and waste-treatment service provider.

爱彼此家居

用呗

Full-category rental platform serving households.

酒花儿

鲸鱼小班

Frequently asked questions

What stage does Fresh Capital invest at?: Fresh Capital invests at the Seed, Series A, Series B stages.
What sectors does Fresh Capital focus on?: Fresh Capital focuses on Circular Economy, Cleantech, Climate Tech, Consumer, Energy, Fintech.
Where is Fresh Capital located?: Fresh Capital is headquartered in Shanghai, CN.

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