Puhua Capital
Venture capitalHangzhou · Pre-Seed–Late Stage
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 26 of 61 portfolio companiesAI & Machine Learning ×7Consumer ×7Hardware ×5Media & Entertainment ×5E-commerce ×3Enterprise Software ×3Medical Devices ×3SaaS ×3
HQs:China×23United States×1
Investments · 61 tracked
founders shown can be your intro pathChinac (星界云服务) is a Chinese cloud service provider offering IaaS for enterprises and developers, including cloud hosting, cloud databases, backup, disaster recovery, migration, hybrid cloud, high-performance computing, and cloud security products such as web application firewalls.
Cloud ComputingCybersecurityEnterprise Software
创业黑马 (Chuangye Heima) is a China-based accelerator and growth-services platform for small and medium enterprises, offering cognitive, capital, and resource acceleration to help SMEs scale.
Enterprise SoftwareFuture of Work
Zhongjing Jizhi Technology is a Chinese national high-tech enterprise that uses industrial solid-waste resource-recovery technology to produce environmental functional materials, turning pollutants and waste into reusable products.
Circular EconomyCleantechNew Materials
FitCloud (飞致云) develops open-source enterprise software products under a "Fast Software" model built on community-driven distribution, rapid iteration, and freemium access.
Developer ToolsEnterprise SoftwareSaaS
Galactic Energy is a Chinese commercial aerospace company providing rocket launch services, aerospace equipment manufacturing, and systems-integration solutions for domestic and international space customers.
Deep TechHardwareSpace TechBeijing, CN
MOMO (陌陌) is an open social platform where users meet nearby people through profile feeds, live streaming, and short-video interaction.
ConsumerMedia & EntertainmentSocial
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 & Entertainment
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
LEOAO (乐刻) operates a nationwide chain of over 2,000 fitness gyms in China and offers a mobile app for finding nearby locations, booking group and personal training classes, viewing body-composition reports, and connecting with a fitness community.
ConsumerSports TechWellness & Fitness
Ly.com (Tongcheng) is a Chinese online travel service platform offering bookings for domestic and international tours, sightseeing packages, and destination trips, along with travel insurance products.
ConsumerMarketplacesTravel & Hospitality
Micro-Tech (Nanjing) develops, manufactures, and sells minimally invasive medical devices, including endoscopy products, for medical institutions worldwide.
HardwareHealthtechMedical DevicesNanjing, CN
Moji (MojiWeather) provides real-time, hyper-local weather forecasting through its consumer weather app and offers commercial meteorological services, including weather-based marketing solutions and forecasting for weather-sensitive industries and businesses.
AdTechAI & Machine LearningConsumerBeijing, CN
PIMCHIP develops compute-in-memory (processing-in-memory) semiconductor architecture that fuses data storage and computation to reduce the energy cost of data movement and address the "memory wall" and "power wall" in AI workloads.
AI & Machine LearningHardwareSemiconductors
360 (Qihoo 360) develops internet security software for consumers, including antivirus tools, a security guard suite, a secure web browser, file compression utilities, and home network firewall/router products.
ConsumerCybersecuritySaaSBeijing, CN
Remebot (睿米/瑞医博) develops surgical robots for hospitals, including neurosurgery robots and dental surgery robots used in clinical procedures such as minimally invasive brain surgery.
HealthtechMedical DevicesRobotics
Servyou (税友股份 / 亿企赢) provides digital tax and finance services and government tax administration solutions, including electronic tax bureaus, tax big-data platforms, risk management, social insurance collection, and bookkeeping and advisory tools.
AI & Machine LearningFintechGovTech
Tinychip develops automotive-grade chips organized into nine product series, aimed at supporting the transformation of the automotive industry with intelligent technology.
HardwareMobility & TransportationSemiconductorsShanghai, CN
Vedeng (贝登) operates an online B2B marketplace for medical equipment and supplies, offering products such as clinical testing devices, monitoring and diagnostic equipment, imaging, surgical instruments, and medical consumables.
B2B MarketplacesE-commerceMedical DevicesNanjing, CN
Ximalaya is a Chinese online audio platform offering on-demand audio content, podcasts, and audiobooks, with a membership subscription and creator tools for uploading and editing audio.
ConsumerCreator EconomyMedia & EntertainmentShanghai, CN
Beijing Xiron Culture Group is a diversified cultural and creative industry group operating across four business lines: book publishing (Xiron Books), film and TV production (Xiron Entertainment), original online literature and digital publishing (Xiron Literature), and comics/animation (Xiron Comics).
ConsumerMedia & EntertainmentBeijing, CN
Youzan provides SaaS tools for merchants to sell across multiple channels, run content marketing, and manage private-domain customer relationships and repeat purchases.
E-commerceRetail TechSaaS
Zero2IPO (Qingke) is a China-based firm providing services across private equity and venture capital, including research, consulting, media, investment training, and capital/fund management.
Fintech
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 ZhangRubo LiangZhang Yiming(Founder)
Frequently asked questions
- 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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