Panda Capital
Venture capitalSeed–Late Stage · 1 people tracked
Not to be confused with Panda Capital (Venture capital · Hong Kong, HK)
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Investment thesis
Founded in 2015 by Li Lun, Panda Capital manages RMB and USD funds exceeding 3 billion RMB. In 2019 it shifted from purely financial investing to industry-focused investing, concentrating on the industrialization of agricultural production and the commercialization and branding of agricultural products to drive the upgrade of China's agriculture sector. Investment stages span from angel round through IPO. Team members come from leading domestic funds or bring backgrounds in agriculture, food, and biological agriculture. The firm emphasizes value discovery, focusing on niche segments, avoiding hype, and identifying genuine opportunities through independent research.
Source: firm website, verified Aug 3, 2026.
Team · 1 people
from the firm's websiteWhat they invest in
from 1 of 1 portfolio companiesAI & Machine Learning ×1Healthtech ×1Wellness & Fitness ×1
HQs:United States×1
Investments · 1 tracked
founders shown can be your intro pathLemonBox uses artificial intelligence to analyze users' diet, health objectives, and biometric information to create customized daily supplement formulations, which it manufactures and ships monthly as personalized packets.
AI & Machine LearningHealthtechWellness & FitnessSan Francisco, US
Derek Weng(Founder)inMeng XianglinHang Xu(Chief Nutrition Scientist)
PartnerLi Lun· solo GP
Co-investorsScrum VenturesWestern Technology InvestmentY CombinatorACME CapitalBamboo Capital PartnersCathexis Ventures+8 more
Frequently asked questions
- What stage does Panda Capital invest at?
- Panda Capital invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What sectors does Panda Capital focus on?
- Panda Capital focuses on AgTech, Biotech, Consumer, FoodTech.
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