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Investors / China / BAI Capital

BAI Capital

Venture capital · Beijing, China · Asia Pacific

bai-cap.comTakes pitches from founders

BAI Capital is a venture capital fund in China whose team has invested in more than 200 companies since 2008. It was formerly Bertelsmann Asia Investments and conducted an independent fundraising at the end of 2020 with support from sovereign wealth funds, insurance companies and internet companies.

Invests inFintechEnterprise SoftwareAI & Machine Learning

In its own wordsconsumerretailmediacontentindustrial technologysoftware

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31portfolio companies
9funding rounds on record1 led
8rounds, last 12 months
$100M or moretypical round it comes in at
Series Amost frequent entry

BAI Capital lists 31 checked portfolio companies on its own site and is named in 9 funding rounds, 1 of them as lead. Its most frequent entry is Series A, 38% of the companies with a known first round. Its largest themes are Fintech (19%), Enterprise Software (16%) and AI & Machine Learning (16%). 40% of its companies are based in China. It invests most often alongside HSG, 5Y Capital and Granite Asia.

Counts come from funding rounds that name BAI Capital, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.

Round figures show recent activity, not BAI Capital's whole history. Rounds on record name 8 companies; its own site lists 31. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.

Entry stage

share of companies by the stage of its first round
Show as a table
Share of companies by the stage of the firm's first round
Value
Pre-seed0%
Seed13%
Series A38%
Series B38%
Growth13%

Activity by year

rounds it joined, last 10 years
Show as a table
Funding rounds per year
TotalRounds it led
'1700
'1800
'1900
'2000
'2100
'2200
'2300
'2400
'2520
'2671

Investor profile

percentile among all firms
Portfolio size: 31 companiesRecent activity: 8 rounds in 12 monthsEarly stage: 13% of entries at pre-seed or seedEvidence: 13% of companies confirmed by a roundSector focus: 19% in its largest sectorReach: 6 countriesPortfolio size69th pctRecent activity93th pctEarly stage55th pctEvidence83th pctSector focus11th pctReach84th pct
This firmMedian of all firms
Show as a table
BAI Capital compared with all firms
MeasurePercentile of all firmsValue
Portfolio size69th31 companies
Recent activity93th8 rounds in 12 months
Early stage55th13% of entries at pre-seed or seed
Evidence83th13% of companies confirmed by a round
Sector focus11th19% in its largest sector
Reach84th6 countries

Investment themes

share of its checked companies

This firmAll checked companies

Show as a table
Investment themes
This firmAll checked companies
Fintech19%12%
Enterprise Software16%8%
AI & Machine Learning16%18%
E-commerce & Marketplaces12%6%
Industrial & Manufacturing9%7%
Consumer7%3%
Robotics & Hardware5%1%
Media & Entertainment5%4%

Invests most often with

firms sharing its portfolio companies
Show as a table
Co-investors
Share
HSG4
5Y Capital3
Granite Asia3
Source Code Capital3
Future Capital Discovery Fund2
GSR Ventures2
Monolith Management2
UpHonest Capital2

All co-investors

Its portfolio companies

where they are based, and what their own sites show

Headquarters

Site status

  • Site answers31100%
  • No longer answers00%
  • Points to another company00%
  • Parked or sold domain00%

A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.

Compare BAI Capital head to head

portfolio size, rounds, entry stages, themes and the companies both back

Three or more firms at once: portfolio overlap.

Recent portfolio activity

when companies last raised with BAI Capital
DateCompanyStage
17 Sept 2026Nexnexplayground.comSeries C+ Led
9 Sept 2026Humanlaya AIhumanlaya.comSeed
20 Jul 2026meshy.aimeshy.aiSeries B
14 Jul 2026looki.ailooki.aiSeries A
11 Feb 2026Waffowaffo.comSeries A
5 Jan 2026looki.ailooki.aiSeries A
2 Sept 2025VITUREviture.comSeries B

Round details for BAI Capital

Amounts, full round histories and every co-investor in BAI Capital's rounds are on Fundup AI. VCinfo covers investors and their portfolios.

See rounds on Fundup AI →

Portfolio

31 companies checked against their own sites
CompanyWhat it doesThemesFirst round with itEvidence
BlackLakeblacklake.cn · ChinaBlackLake provides an industrial AI platform to help factories make decisions and optimize production
Industrial & Manufacturing
Portfolio page
专业经营连锁便利店的商业零售企业chunyuyisheng.com
Portfolio page
ClearMotionclearmotion.comClearMotion develops and manufactures advanced suspension systems for vehicles
Mobility & LogisticsIndustrial & Manufacturing
Portfolio page
ClipClapsclipclaps.comClipClaps works with a large group of professional content creators to foster a content-driven eco-system and allows users to watch videos and earn rewards.
Enterprise SoftwareMedia & Entertainment
Portfolio page
Deepexideepexi.com · ChinaDeepexi develops and provides AI-powered enterprise operating systems and intelligent solutions
AI & Machine LearningEnterprise Software
Portfolio page
Keep (3650.HK)gotokeep.com
Portfolio page
多模态原生AI可穿戴消费电子公司hero.com
Portfolio page
Chen Xianghuanshoulv.com
Portfolio page
Humanlaya AIhumanlaya.com · ChinaHumanlaya AI challenges AI with high-complexity, real-world scenarios and verifies expert-level tasks that translate directly into measurable economic impact.
AI & Machine LearningEnterprise Software
Sept 2026SeedPage + round
iQIYIiqiyi.com · ChinaThe company provides online video streaming services.
Enterprise SoftwareMedia & Entertainment
Portfolio page
JDjd.com · ChinaJD.com, Inc. is a technology and services enterprise with a core focus on supply chain, operating across various sectors including retail, logistics, and health.
E-commerce & MarketplacesHealthcare & Biotech
Portfolio page
Outerliveouter.comThe company designs and sells outdoor furniture and decor products.
FintechE-commerce & Marketplaces
Portfolio page
looki.ailooki.ai · CanadaThe company develops and sells a wearable personal AI agent that captures and processes everyday moments into searchable memories and personal insights.
AI & Machine LearningConsumer
Jan 2026Series A · 2 roundsPage + round
国产空气净化器专业品牌memblaze.com
Portfolio page
meshy.aimeshy.ai · United StatesMeshy generates 3D models from text or images using artificial intelligence.
AI & Machine LearningGaming
Jul 2026Series BPage + round
Financial Core Application Solution Expertmogox.com
Portfolio page
Nexnexplayground.com · United StatesNex creates an active play system for kids and families with various games and a play pass
Enterprise SoftwareConsumer
Sept 2026Series C+Funding round
Opayopayweb.com · NigeriaOPay offers financial solutions including transactions, payments, and debit cards
FintechE-commerce & Marketplaces
Portfolio page
pingCAPpingcap.comThe company provides a distributed SQL database for transactional and AI applications.
AI & Machine LearningDeveloper Tools
Portfolio page
Reapreap.global · Hong KongReap provides a global financial infrastructure powered by stablecoins for businesses
FintechFintech
Portfolio page

About this data

site last read 13 Nov 2026
The homepage of BAI Capital, as last read
bai-cap.com as VCinfo last read it
Site
bai-cap.com
Last read
13 Nov 2026
Watching since
6 Nov 2026
Rounds since
2 Sept 2025
Companies checked
31

Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.

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