Puhua Capital
Venture capitalHangzhou · Pre-Seed–Growth
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Investment thesis
Puhua Capital focuses on venture investing and asset management, centering its long-term strategy on the themes of 'Health + Happiness.' The firm concentrates on four areas: new technology, new energy/new materials, new healthcare, and new consumer. It emphasizes deep, specialized expertise, staffing each niche track with dedicated teams that have strong industry backgrounds and conduct systematic research to make prudent investment decisions. Beyond capital, it contributes industry resources and management guidance, builds lasting partnerships with founders, and runs CEO clubs to foster a collaborative ecosystem among portfolio companies. Its philosophy stresses focus, diligence, stability, candor, and patience.
Source: firm website, verified Jul 31, 2026.
What they invest in
from 33 of 67 portfolio companiesAI & Machine Learning ×12SaaS ×10Consumer ×8Hardware ×7Healthtech ×7Enterprise Software ×6Medical Devices ×6Media & Entertainment ×5
HQs:China×26United Kingdom×2United States×2France×1
Investments · 67 tracked
founders shown can be your intro pathBy year:2022 · 32021 · 12020 · 12018 · 16 dated
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-investors5Y CapitalComcast VenturesComet LabsDCM VenturesF-Prime CapitalHongShan Capital Group+3 more
360 is a Chinese internet security company founded in 2006 that pioneered a free security model and provides cybersecurity solutions for enterprises, government agencies, and cities.
ConsumerCybersecurityEnterprise SoftwareGovTechSaaSBeijing, CN
周鸿祎(Chairman/Founder)Zhou Hongyi(Founder, Chairman & CEO)
Co-investorsGMO VenturePartnersFortune Venture Capital
bit.bio is a synthetic biology company that engineers human induced pluripotent stem cells into defined cell types for research, drug discovery, and cell therapy applications.
BiotechDeep TechHealthtechMedical Devices
Dr Mark Kotter(Founder)Przemek Obloj(CEO)inEmma PepperellinMark Kotter(Founder)
Co-investorsForesite CapitalBlueYard CapitalARCH Venture PartnersDynamk CapitalGood AI CapitalHarmonix Fund+6 more
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 Capital5Y CapitalAccess Ventures (New York)Aglae VenturesAlanda Capital Holding Limited+35 more
Congenica provides genomic variant analysis and interpretation software for clinical diagnostic laboratories.
AI & Machine LearningBiotechDigital HealthHealthtechMedical DevicesCambridge, GB
Co-investorsCambridge Innovation CapitalFuture Planet CapitalQVenturesXeraya CapitalAmadeus Capital PartnersIDO Investments+2 more
A Chinese enterprise training and talent development platform that integrates learning with instant messaging and AI technology.
AI & Machine LearningEdTechEnterprise SoftwareHR TechSaaS
Co-investorsQiming Venture PartnersYunqi Partners
FaceUnity develops digital human solutions and body imaging technology by combining computer graphics and artificial intelligence.
AI & Machine LearningDeep TechSaaSHangzhou, CN
Co-investorsHongtai Capital Holdings
Fit2Cloud develops and distributes open-source software products for enterprise management, including cloud infrastructure management, AI CRM, security access control, business intelligence, and testing platforms.
AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareSaaSHangzhou, CN
Kunlun Tech is a Chinese AI technology company, listed on the Shenzhen Stock Exchange, that builds AGI and AIGC products including the Skywork large-model series, AI video (SkyReels), AI music and audio (Mureka), AI social apps (Linky), and information distribution and gaming platforms such as Opera and GameArk.
AI & Machine LearningGamingMedia & EntertainmentBeijing, CN
Hangzhou Lanran Technology develops and manufactures ion-exchange membranes, membrane modules, and electrodialysis equipment and control systems, along with related engineering and technical services.
CleantechEnergyNew MaterialsHangzhou, CN
Ori develops expandable-unit technology for multifamily real estate, enabling hotel-to-housing conversions and ground-up developments that increase unit density while maintaining livability.
Construction TechHardwareImpact & Social GoodPropTech
Hasier Larrea(Founder)
Co-investorsIngka InvestmentsPresidio VenturesThe E14 FundAmadeus Capital PartnersDelin VenturesEpisode1+4 more
ORI provides an integrated business planning platform for supply chain professionals, combining demand planning, S&OP, S&OE, data analytics, and long-term planning in one tool.
AI & Machine LearningLogistics & Supply ChainSaaS
Brant Slade(Founder)in
Co-investorsKickstartAmadeus Capital PartnersDelin VenturesKhosla VenturesNorthpond VenturesNovalis LifeSciences+2 more
Ori Biotech develops manufacturing automation platforms for cell and gene therapies, addressing scalability and cost barriers that limit patient access to these treatments.
Advanced ManufacturingBiotechDeep TechHardwareHealthtechMedical Devices
Co-investorsAmadeus Capital PartnersKindred CapitalNovalis LifeSciencesOctopus VenturesDelin VenturesKindred+1 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 VenturesXAnge5Y CapitalAndreessen Horowitz+10 more
Beidenmedical is a medical device supplier and distributor serving healthcare dealers and partners in China, operating a digital supply and services platform for medical equipment distribution.
B2B MarketplacesE-commerceHealthtechMedical DevicesSaaSNanjing, CN
Co-investorsAddor CapitalMarathon Venture PartnersSinovation Ventures
Ximalaya is an online audio sharing platform providing podcast-like content spanning 101 categories across audio content for all age groups.
ConsumerCreator EconomyIoTMedia & EntertainmentShanghai, CN
Co-investorsSierra VenturesWestSummit CapitalKleiner PerkinsSony Music Entertainment
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AcrobiosystemsAimbioAstra BiotechBangcleCloudwalkCt CdmCtsecDeltaphone.ComGbgcnGreatmicrowaveGuomaiHqytgyhJl1Kedigroup.ComKuaidadiLaihuaLinglongLqxshopLvmamaMaogepingbeautyMatridxMchz.ComMindmotion.ComSdireadShsusShulanhealthSj56.ComSoftrobottechSupcontechSxthyyUnionbigdataWitintechWorgpharmaXy Technology
Exits · 1
1 IPOsPony.aiNASDAQ: PONY
Frequently asked questions
- How many investments has Puhua Capital made?
- Puhua Capital has 67 tracked investments, 1 of which have exited.
- What stage does Puhua Capital invest at?
- Puhua Capital invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.
- What sectors does Puhua Capital focus on?
- Puhua Capital focuses on AI & Machine Learning, Cleantech, Consumer, Deep Tech, Digital Health, Energy, Healthtech, Medical Devices, New Materials, Robotics.
- Where is Puhua Capital located?
- Puhua Capital is headquartered in Hangzhou, CN.
- Does Puhua Capital lead rounds?
- Puhua Capital typically participates in rounds rather than leading them.
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