Puhua Capital
Venture capitalHangzhou · Pre-Seed–Late Stage
Find your way into Puhua Capital
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 31 of 65 portfolio companiesAI & Machine Learning ×12SaaS ×10Consumer ×7Hardware ×7Enterprise Software ×6Healthtech ×6Media & Entertainment ×5Medical Devices ×5
HQs:China×26United States×2United Kingdom×1
Investments · 65 tracked
founders shown can be your intro pathBy year:2022 · 32020 · 14 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)in
Co-investorsComcast VenturesDCM VenturesF-Prime CapitalMorningside Venture Capital LimitedLegend Capital
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
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; Chairman of the Board)inZhang Yiming(Founder)
Co-investors3Comma CapitalAglae VenturesBase PartnersCoatue ManagementEvolution VC PartnersGaldana Ventures+16 more
Congenica provides genomic variant analysis and interpretation software for clinical diagnostic laboratories.
AI & Machine LearningBiotechDigital HealthHealthtechMedical DevicesCambridge, GB
Co-investorsCambridge Innovation CapitalQVenturesAmadeus Capital PartnersFuture Planet CapitalIDO InvestmentsLegal & General
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
Co-investorsIngka InvestmentsPresidio VenturesThe E14 FundAmadeus Capital PartnersDelin VenturesKhosla Ventures+3 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 LifeSciencesDelin VenturesNorthpond VenturesOctopus Ventures
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-investorsMarathon 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-investorsWestSummit CapitalKleiner PerkinsSierra VenturesSony 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 IPOs小马智行 (NASDAQ: PONY)NASDAQ: PONY
Portfolio news
latest coverage across their companies
360 · tech.eu · Sep 10, 2026
ByteDance · research.contrary.com · Jun 8, 2026
Ximalaya · dealstreetasia.com · Jul 22, 2025
Frequently asked questions
- How many investments has Puhua Capital made?
- Puhua Capital has 65 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, Late Stage stages.
- What is Puhua Capital's typical check size?
- Puhua Capital typically writes checks of $1.4M – $112M.
- 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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