Fundraising Fox
5Y Capital
Venture capitalShanghai · Seed–Growth · 22 people tracked
Also known as 5Y CAPITAL MANAGEMENT LIMITED · Morningside Venture Capital
Find your way into 5Y Capital
70 people in our graph can introduce you to the 5Y Capital team.
Sign up to see every warm intro you have to 5Y Capital
- Paths you didn't know you had: your email and LinkedIn already hold routes to the 5Y Capital team. We find them
- 2nd- and 3rd-degree connections: the friend-of-a-friend routes you can't see from your own inbox or LinkedIn
- Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone
Days of research, done the moment you sign in, with every route ranked by how warm it is.
Investment thesis
Entrepreneur-run early-stage investor backing founders with crazy visions that contradict consensus, with a track record of early bets on Chinese tech leaders and expansion into AI infrastructure and biotech.
Source: firm website, verified Sep 29, 2026.
Team · 22 people
from curated & public directories
What they invest in
from 48 of 93 portfolio companiesAI & Machine Learning ×19Consumer ×18Hardware ×10E-commerce ×8Data & Infrastructure ×7Deep Tech ×7Cloud Computing ×6Enterprise Software ×6
HQs:China×27United States×5France×1Hong Kong×1Indonesia×1India×1
Who they back
founder profiles across 18 portfolio companiesFounding team size:solo founder×102 founders×43 founders×14+ founders×3
Where their founders studiedfrom 11 founders with education data
Fudan University ×2Nankai University ×2Tsinghua University ×2
What their founders studiedfrom 11 founders with field-of-study data
Computer Science ×6
Investments · 93 tracked
founders shown can be your intro pathBy year:2023 · 12021 · 12020 · 22018 · 26 dated
ATRenew operates a business focused on pre-owned consumer electronic devices, including recycling and redistribution, and runs charitable initiatives such as donating refurbished devices to support education.
Circular EconomyConsumerE-commerceShanghai, CN
Pony.ai develops autonomous driving technology and systems for multiple applications including robotaxis, robotrucks, and personally owned vehicles, serving both everyday mobility and commercial logistics markets.
AI & Machine LearningMobility & TransportationRoboticsSilicon Valley, US
James Peng(Founder)inTiancheng Lou(Founder)inJames Peng Tiancheng Lou(Founder)
Co-investorsComcast VenturesComet LabsDCM VenturesF-Prime CapitalHongShan Capital GroupTeachers' Venture Growth+3 more
未知君 (XBiome) develops microbiome-based therapeutics and diagnostics using AI-driven bioengineering, targeting diseases including cancer immunotherapy, inflammatory conditions, and autism through live bacterial therapeutics and fecal microbiota transplantation (FMT).
AI & Machine LearningBiotechDeep TechMedical DevicesBeijing, CN
Co-investorsGaorong CapitalHaystackHike CapitalSky9 CapitalLegend CapitalPrimavera Venture Management Limited
Abogen Biosciences is a clinical-stage biotechnology company developing RNA-based medicines, with in-house capabilities spanning the full mRNA drug development cycle including protein engineering, mRNA sequence design and synthesis, lipid nanoparticle delivery, formulation, and commercial-scale manufacturing.
BiotechDeep TechHealthtech
Bo Ying(Founder)
Co-investorsCoatue ManagementFuzhou Jiebao Rongan Venture CapitalQiming Venture PartnersSoftBank Vision FundBoyu CapitalGL Ventures+7 more
US biotech using AI-driven computational design plus wet-lab validation to discover small-molecule oncology drugs.
BiotechNew York, US
Jie Fan(Founder)inWei He(Executive Officer)Yimin Qian(Executive Officer)Xiangyan Sun(Executive Officer)Quan Zhou(Director)Long Zhu(Director)
Co-investorsCoatue ManagementIDG CapitalYF CapitalZhenFund
Agora provides APIs and a real-time engagement platform that enables developers to embed voice, video, interactive streaming, chat, and AI capabilities into their applications.
Cloud ComputingDeveloper ToolsMedia & EntertainmentSaaSSanta Clara, US
Tony Wang(Founder)inPat Frey
Co-investors500 GlobalCoatue Management
KMES (Kitchen Manufacturing Execution System) is a software platform that automates kitchen operations and recipe selection for restaurants, reducing wait times and increasing table turnover.
AI & Machine LearningEnterprise SoftwareFoodTechHardwareRoboticsSaaS
Co-investorsWestSummit CapitalAlphaist Partners Venture
ByteDance builds a portfolio of digital platforms and services focused on short-form video, content creation, e-commerce, and workplace collaboration, serving creators and consumers globally.
Creator EconomyE-commerceMedia & EntertainmentBeijing, CN
Yiming Zhang(Founder)inRubo Liang(Founder)inZhang Yiming(Founder)Liang Rubo(Founder)
Co-investors1435 Capital3Comma CapitalAccess Ventures (New York)Aglae VenturesAlanda Capital Holding LimitedBas1s Ventures+35 more
Trip.com is an international online travel service provider offering hotel and flight bookings across a network of over 1.7 million hotels and 600+ airlines, available in 24 languages and 35 currencies across 39 countries and regions.
ConsumerMarketplacesTravel & Hospitality
James Liang(Founder)inJane Sun(CEO)Min Fan(Founder)Neil Shen(Founder)Qi Ji(Founder)
Co-investorsBattery VenturesRedpoint Ventures
Mekari Desty is an omnichannel e-commerce management platform that connects marketplaces (Shopee, Tokopedia, TikTok Shop, Lazada, Blibli), webstores, and physical stores into one dashboard for centralized inventory, order, chat, and sales reporting.
E-commerceRetail TechSaaSJakarta, ID
Co-investorsJungle VenturesSquare Peg CapitalZ Venture CapitalEast VenturesFosun RZ CapitalJanuary Capital
Ride-hailing and mobility platform (testimonial from founder Will Cheng).
Haidian, CN
Cheng Wei(Founder)Jean Liu(Founder)
Co-investors137 VenturesA-Rod CorpACME CapitalAliya Capital PartnersAlpha Wave GlobalBeyond Ventures+16 more
Halara is a fashion brand that designs women's clothing combining activewear-inspired fabrics with everyday wearability, using a made-to-order production model guided by community feedback to reduce waste.
Circular EconomyConsumerDirect to ConsumerE-commerce
Co-investorsHike CapitalHongShan Capital Group
Lekele Tang operates an online education platform offering Chinese K-12 learning products, including a daily practice app (天天练) and study tools such as dictionaries, idiom and riddle references.
ConsumerEdTech
Co-investorsOwl VenturesBlueRun VenturesLuminous Ventures
Lexi is an AI tool that generates creative and advertising content for marketers and agencies managing clients across different industries.
AdTechAI & Machine LearningMarketing Tech
Sipai (思派) runs a healthcare platform spanning insurance brokerage, specialty pharmacy, and oncology clinical trial services for patients, physicians, employers, and insurers in China.
Digital HealthHealthtechInsurTech
Co-investorsF-Prime Capital
Moody sells daily disposable colored contact lenses direct to consumers, offering spherical lenses in cosmetic colors such as the GlowyLock Moonstone Blue.
ConsumerDirect to ConsumerE-commerce
Co-investorsGranite AsiaPlum VenturesSource Code CapitalXVC Venture Capital
.png){kind=logo}
PingCAP develops TiDB, a cloud-native distributed SQL database built for scalability, strong consistency, and high availability.
Cloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareFintech
Co-investorsAccess Technology VenturesChina Growth CapitalCoatue ManagementGGV CapitalJeneration CapitalK2VC+4 more
Pony operates a mobile app–based shared micromobility service offering electric scooters and bikes that users locate, unlock via QR code, and park in designated boxes across their city.
ConsumerMobility & TransportationAngers, FR
Paul-Adrien Cormerais(Founder)in
Co-investorsBlast.ClubKima VenturesLa Poste VenturesXAngeAndreessen HorowitzChina Merchants Capital+10 more
Bengaluru, IN
Ankush Sachdeva(Founder)inBhanu Pratap Singh(Founder)Farid Ahsan(Founder)
Co-investorsAlkeon InnovationCapria VenturesElevation CapitalIndia QuotientLightspeed India PartnersLightspeed Venture Partners+4 more
Soul is a Chinese AI-powered immersive social platform where users interact through customizable avatars rather than real identities, matched by interest graphs and AI-driven recommendations.
AI & Machine LearningConsumerSocialShanghai, CN
Zhang Lu(CEO & Founder)Tao Ming(Chief Technology Officer & Executive Director)Zhang Gaozheng(Vice President of Technology & Executive Director)
Co-investorsGranite AsiaVentekCleveland AvenueHorizons VenturesLiberty City VenturesSalesforce Ventures+2 more
UC is a mobile browser and content app offering AI-powered web search, cloud storage with 10GB of free space, personalized news aggregation, and access to a large library of e-books and web novels.
AI & Machine LearningConsumerMedia & Entertainment
Co-investorsNGP CapitalGGV Capital
Manu Kumar JaininHong Feng(Founder)Lei Jun(Founder)Li Wanqiang(Founder)Lin Bin(Founder)Liu De(Founder)
Co-investorsGranite AsiaNGP CapitalQiming Venture PartnersQualcomm VenturesDST GlobalGreen Bay Ventures+2 more
XPENG builds electric vehicles equipped with AI-based driver-assistance systems and an 800-volt SEPA 2.0 platform that supports 10-80% charging in around 12 minutes.
CleantechConsumerMobility & Transportation
He Tao(Founder)He Xiaopeng(Founder)Xia Heng(Founder)Yang Chunlei(Founder)
Co-investorsHongShan Capital GroupIDG CapitalMatrix Partners China
Zilliz provides Zilliz Cloud, a managed vector database and "vector lakebase" built by the creators of Milvus, offering real-time serving, iterative discovery, and batch analytics on a single data source at large scale.
AI & Machine LearningCloud ComputingData & InfrastructureRedwood City, US
Charles Xie(CEO)in
Co-investorsBeyond VenturesProsperity7 VenturesHillhouse CapitalTrustbridge PartnersYunqi Partners
AiHuiShou (Wanwu Xinsheng) operates a platform for recycling and reselling used electronics and second-hand consumer devices.
Circular EconomyE-commerceMarketplacesShanghai, CN
Jim Jin(Founder)in
Co-investorsEnlight Partners
Viomi makes home water purification appliances such as reverse osmosis water purifiers, along with other kitchen appliances including espresso machines and ice makers, sold to households in the United States.
ConsumerHardwareWellness & Fitness
Jaguar Micro is a semiconductor company that designs data processing unit (DPU) chips and related software solutions for cloud computing and data centers.
Cloud ComputingHardwareSemiconductorsShenzhen, CN
Co-investorsQBN CapitalShenzhen Capital Group
XVERSE Technology develops large language models (including the long-context XVERSE-Long-256K) and 3D content generation and rendering technologies, offering products such as an AI interactive reading app and immersive 3D experiences for uses like virtual house viewing, tourism, and marketing.
AI & Machine LearningDeep TechGamingShenzhen, CN
Forrest Yao(Founder)
Co-investorsCPEHillhouse CapitalNotable CapitalSequoia CapitalTemasek
Phoenix New Media (ifeng.com) is a Chinese-language online news and media portal covering current affairs, finance, technology, automotive, entertainment, sports, culture, and lifestyle.
Media & Entertainment
Zepp Health is a smart wearable and health technology company that delivers cloud-based health insights and personalized wellness guidance through its Amazfit, Zepp Clarity, and Zepp Aura consumer brands.
AI & Machine LearningConsumerHardwareHealthtechIoTWellness & FitnessHefei, CN
Wang Huang(Founder, Chairman & CEO)Fan(Co-Founder, CTO)
Co-investorsShunwei Capital
SenseTime is an AI and computer vision company that develops technology solutions for enterprise and industry applications.
AI & Machine LearningCloud ComputingDeep TechEnterprise SoftwareHong Kong, HK
Dr. Xu Li(Co-Founder, Executive Chairman of the Board, Executive Director & Chief Executive Officer)Dr. Wang Xiaogang(Co-Founder, Executive Director, Chief Technology Officer & Executive Vice President)Dr. Lin Dahua(Co-Founder, Executive Director, Chief Scientist & Executive Vice President)Mr. Yang Fan(Co-Founder, Executive Director & President of SenseCore Business Group)Tang Xiao'ou(Founder)Tang Xiao'ou Xu Li(Founder)
Co-investorsAlpha Intelligence CapitalBeyond VenturesPrimavera Venture Management LimitedBlackPineChina Internet Investment FundGreen Pine Capital Partners+1 more
Horizon Robotics develops intelligent driving technology and assisted driving systems for automotive manufacturers globally.
AI & Machine LearningHardwareMobility & TransportationRoboticsSemiconductorsBeijing, CN
Taimei builds software and digital services for pharmaceutical companies, CROs, clinical trial institutions, and site management organizations, offering platforms that connect industry stakeholders, standardize data flow, and improve clinical research efficiency.
BiotechDigital HealthSaaS
HotMaxx (好特卖) operates a chain of discount retail stores in China that sell surplus and near-expiry branded goods—including snacks, beverages, instant foods, household products, and baby items—at deeply reduced prices.
Circular EconomyConsumerRetail Tech
Co-investorsDayone Capital
XPeng AEROHT develops flying cars, including the Land Aircraft Carrier, a modular flying car, and the A868, a tilt-rotor flying car, along with flying experience programs.
Deep TechHardwareMobility & Transportation
XPeng is a Chinese electric vehicle manufacturer that develops smart EVs alongside adjacent AI robotics and flying-car ventures.
AI & Machine LearningEnergyHardwareMobility & TransportationRobotics
Xiaopeng He(Founder)inHe Xiaopeng(Chairman/CEO)
Co-investorsEast West Ventures EWVShunwei Capital
Cheng Yixiao(Founder)Su Hua(Founder)
Co-investorsDCM VenturesHongShan Capital GroupAccess Technology VenturesChina Internet Investment FundDCMShunwei Capital
Sipai Health (Medbanks) is a Chinese healthcare company operating specialty pharmacies for oncology drugs, providing clinical-trial site-management services to pharma firms, and brokering health insurance products.
Ctrip is an online travel booking platform offering reservations for hotels (over 1.7 million properties across 200+ countries), flights (nearly 2 million global routes), tour packages, and dining deals, with 24/7 customer support.
ConsumerMarketplacesTravel & HospitalityShanghai, CN
Mthreads designs and manufactures full-function GPU chips and accelerated computing products for AI training and inference, 3D graphics rendering, video encoding/decoding, and scientific computing.
AI & Machine LearningData & InfrastructureHardwareSemiconductors
Co-investorsHongtai Capital Holdings
AI-powered medical imaging company.
Co-investorsMarathon Venture PartnersQiming Venture Partners
XtalPi is an AI-driven materials discovery platform that combines computational chemistry, machine learning, and automated wet lab experimentation to accelerate research in pharmaceuticals, new materials, and clean energy.
AI & Machine LearningBiotechDeep TechRoboticsShenzhen, CN
温书豪马健赖力鹏Lai Lipeng(Founder)Ma Jian(Founder)Wen Shuhao(Founder)
Co-investorsSoftBank Vision FundTaihill VentureHongShan Capital GroupIMO VenturesZhenFund
正保教育集团 (Zhengbao Education Group) provides remote education and online learning services in China, offering courses across multiple subjects including accounting and professional certifications.
EdTechEnterprise Software
朱正东 (Zhu Zhengdong)(Chairman & CEO)
Adrian StochinRichie Chen Shengdong Xu(Founder)
Co-investorsGeneral AtlanticSource Code CapitalHongShan Capital Group
Deepexi (滴普科技) builds enterprise-grade AI infrastructure and platforms for businesses, with attention to security concerns such as agent injection.
AI & Machine LearningData & InfrastructureEnterprise Software
Vast AI Tech manufactures GPU accelerator cards and software platforms for data center, video processing, and edge computing applications.
AI & Machine LearningData & InfrastructureHardwareSemiconductors
Sensors Data provides a data analytics and AI agent platform for enterprise digital operations, offering automated diagnosis, strategy generation, and execution for marketing and customer growth.
AI & Machine LearningData & InfrastructureMarketing TechBeijing, CN
wenfeng sang(Founder)桑文锋(Founder)
Co-investorsXiang He CapitalLinear Capital
Cytea sells premium Chinese tea and related products such as matcha lattes and blended teas directly to consumers online.
ConsumerDirect to ConsumerE-commerce
Lizhi is a web-based audio content platform that provides recording technology services, information storage space services, and internet live streaming for audio creators and listeners in China.
ConsumerCreator EconomyMedia & EntertainmentSocialGuangzhou, CN
Xingyun Group (founded 2015) operates a digital supply chain and cross-border e-commerce services platform that helps Chinese brands and manufacturers reach global markets through localized overseas operations, brand management, fulfillment, compliance, and omnichannel distribution.
B2B MarketplacesE-commerceLogistics & Supply ChainShenzhen, CN
Co-investorsB Capital GroupB4 CapitalGSR United Capital
.jpeg){kind=logo}
Xunlei is a decentralized storage and transmission network provider founded in 2003, offering file download acceleration, cloud storage, browser, and video streaming services to consumers and enterprises globally.
Cloud ComputingConsumerCrypto & Web3Data & InfrastructureSaaSShenzhen, CN
李金波 (Li Jinbo)(Chairman & CEO)张玉波 (Zhang Yubo)(President)Lei Chenin
WPS develops WPS Office, a cross-platform office productivity suite (documents, spreadsheets, presentations, PDF) available on Windows, Mac, Linux, Android, iOS, and HarmonyOS, along with AI assistants and cloud collaboration tools.
AI & Machine LearningEnterprise SoftwareSaaS
Co-investorsShunwei Capital
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
KeepKeep (3650.HK)Modern China Tea Shop万物新生云米 (NASDAQ: VIOT)凤凰新媒体分众传媒分众传媒 (002027.SZ)华米科技商汤科技地平线声网太美医疗科技 (02576.HK)小冰小米集团小马智行小鹏汽车微医集团快手搜狐搜狐 (NASDAQ: SOHU）携程晶泰科技松灵机器人欢聚集团欢聚集团 (NASDAQ: JOYY）正保远程教育脉脉芯耀辉荔枝虎牙虎牙 (NYSE: HUYA)迅雷金山办公银河航天零食很忙
Exits · 4
3 IPOs · 1 acquisitions · showing 3ATRenew (NYSE: RERE)NYSE: REREPony.aiNASDAQ: PONY正保远程教育acq. by Champion Distance Education Investments Limited (founder-led buyout by Zhengdong Zhu and Baohong Yin)
Frequently asked questions
- How many investments has 5Y Capital made?
- 5Y Capital has 93 tracked investments, 4 of which have exited.
- What stage does 5Y Capital invest at?
- 5Y Capital invests at the Seed, Series A, Series B, Series C, Growth stages.
- What sectors does 5Y Capital focus on?
- 5Y Capital focuses on AI & Machine Learning, Biotech, Consumer, Crypto & Web3, Enterprise Software, Fintech, SaaS.
- Where is 5Y Capital located?
- 5Y Capital is headquartered in Shanghai, CN.
- Does 5Y Capital lead rounds?
- 5Y Capital typically participates in rounds rather than leading them.
- Who does 5Y Capital co-invest with?
- 5Y Capital most often shares deals with Coatue Management, Granite Asia, HongShan Capital Group, among 88 tracked co-investors.
Images
Co-investors · 14
IDG Capital is a multi-strategy investment platform founded in 1993 that supports entrepreneurs across the full business lifecycle, bridging East and West with a global presence and over 300 professionals.
Shunwei Capital is a venture capital firm focused on backing founders in high-tech industries, aiming to help entrepreneurs build world-leading enterprises with capital and operational experience.
Granite Asia is an Asia-focused investment firm; this page is a republished Business Times news article featuring senior managing partner Jenny Lee discussing AI's impact on startup formation and investing trends in Asia.
Qiming Venture Partners (启明创投) is a China-focused venture capital firm that invests in and supports early- and growth-stage technology and healthcare companies, providing capital, industry resources, and strategic guidance through milestones such as financing, IPOs, and M&A.
DCM Ventures is an early-stage venture capital firm that leads rounds and partners with a small number of companies each year, backing innovative founders with a global, cross-border team.
Source Code Capital is a Chinese venture capital firm whose team comes from investment management, product/technology, consulting, and media backgrounds.
Sequoia Capital is a venture capital firm that partners with founders to build technology companies.
This page announces that GGV Capital split into two separate firms in March 2024: Granite Asia (Singapore, covering APAC) and Notable Capital (US, based in Silicon Valley with offices in San Francisco and New York, investing in the US, Israel, Europe, and Latin America).
Gaorong Capital was founded by three former IDG Capital and CICC professionals who left one of China's top VC franchises to build a new platform, giving the firm unusually deep roots in both top-tier VC and investment banking in China's tech ecosystem. The firm maintains a rare multi-hub footprint across Beijing, Shanghai, Shenzhen, and Hong Kong, positioning itself at the intersection of mainland tech hubs and Hong Kong's capital markets while focusing on audacious founders building mission-critical capabilities across AI, deep tech, software infrastructure, and cybersecurity.
Greylock Partners is an early-stage venture capital firm that partners with founders building companies from inception. Its partners make only one or two new investments per year to focus deeply on each partnership.
UpHonest Capital is a Silicon Valley-based investment firm founded in 2017 that supports cross-border entrepreneurship and investment between China and the United States, and runs media, scout, and incubation programs.
Goodwater Capital is a consumer technology investment firm backing entrepreneurs building products across financial services, retail, healthcare, education, housing, transportation, and ecommerce globally.
▶2 more co-investors
Firms observed investing alongside 5Y Capital, from public investor directories. Shared companies are the overlap with 5Y Capital's recorded portfolio.
Similar investors
B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.
Bessemer Venture Partners is a global venture capital firm that partners with entrepreneurs across enterprise, consumer, and healthcare sectors from early stages through growth.
Index Ventures is a venture capital firm that backs founders across industries and geographies, emphasizing the people behind ideas as much as the businesses themselves.
Khosla Ventures is a venture capital firm that backs bold, early-stage, technology-driven companies across deep tech and other sectors, providing hands-on 'venture assistance' to help founders build category-defining businesses.
Lightspeed Venture Partners is a global venture capital firm that backs founders from Seed through Series F and beyond, emphasizing deep, immersive partnerships with the companies it invests in.