Investors / Hong Kong / Happiness Capital
Happiness Capital
Venture capital · Hong Kong · Asia Pacific
Happiness Capital is a global venture capital firm established in 2017 under the Lee Kum Kee Group, investing in startups and VC funds. It uses evergreen capital from its single parent organisation and partners with portfolio companies to pursue both impact and financial returns.
Invests inHealthcare & BiotechFood & Agriculture
In its own wordsimpact investingsustainabilityfood techenvironmenthealthtrust
Your fit with Happiness Capital
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsHappiness Capital lists 51 checked portfolio companies on its own site and is named in 3 funding rounds. Its most frequent entry is Series A, 67% of the companies with a known first round. Its largest themes are Healthcare & Biotech (25%), Food & Agriculture (17%) and AI & Machine Learning (13%). 42% of its companies are based in United States. It invests most often alongside OurCrowd, Y Combinator and FoodLabs.
Counts come from funding rounds that name Happiness 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 Happiness Capital's whole history. Rounds on record name 3 companies; its own site lists 51. 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 roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 33% |
| Series A | 67% |
| Series B | 0% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 1 | 0 |
| '26 | 2 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 84th | 51 companies |
| Recent activity | 69th | 2 rounds in 12 months |
| Early stage | 64th | 33% of entries at pre-seed or seed |
| Evidence | 66th | 6% of companies confirmed by a round |
| Sector focus | 37th | 25% in its largest sector |
| Reach | 95th | 10 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Healthcare & Biotech | 25% | 15% |
| Food & Agriculture | 17% | 3% |
| AI & Machine Learning | 13% | 18% |
| Education | 11% | 7% |
| Industrial & Manufacturing | 10% | 7% |
| Fintech | 6% | 12% |
| Human Resources | 3% | 1% |
| Robotics & Hardware | 3% | 1% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| OurCrowd | 9 |
| Y Combinator | 5 |
| FoodLabs | 4 |
| IndieBio | 4 |
| SOSV | 4 |
| Atlantic | 3 |
| Collaborative Fund | 3 |
| E14 Fund | 3 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers51100%
- 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.
Co-investor network
who it backs companies with, and who they back togetherCompare Happiness Capital head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Happiness Capital| Date | Company | Stage |
|---|---|---|
| 16 Sept 2026 | Series A | |
| 15 Sept 2026 | Seed | |
| 5 Mar 2025 | Series A |
Round details for Happiness Capital
Amounts, full round histories and every co-investor in Happiness Capital's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
51 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Alpha Tau Medical is a clinical-stage oncology company pioneering intratumoral alpha-emitting radiotherapeutics to address multiple solid tumor types | Healthcare & Biotech | Portfolio page | ||
| The company produces dairy products using precision fermentation for human nutrition | Food & Agriculture | Portfolio page | ||
| The company produces and sells plant-based protein products. | Food & Agriculture | Portfolio page | ||
| BlueNalu makes cell-cultivated seafood | Food & AgricultureAI & Machine Learning | Portfolio page | ||
| Portfolio page | ||||
| The company provides automated beverage solutions using artificial intelligence and drink automation technology to help operators deliver trending drinks to their guests. | Food & AgricultureRobotics & Hardware | Portfolio page | ||
| Commonwealth Fusion Systems is developing commercial fusion energy systems using high-temperature superconducting magnets and tokamak-based configurations. | EducationIndustrial & Manufacturing | Portfolio page | ||
| Clearspace provides a screen-time concierge and management service for families. | EducationHealthcare & Biotech | Portfolio page | ||
| Culture Biosciences develops and provides bioreactors and software for cell culture experiments and bioprocess development | Healthcare & Biotech | Portfolio page | ||
| D-ID creates AI generated videos and interactive avatars for humanlike communication | AI & Machine LearningMedia & Entertainment | Portfolio page | ||
| Epoch Biodesign converts waste into recycled materials, including nylon 6,6, using its biorecycling technology and AI-enabled platform | Industrial & Manufacturing | Mar 2025Series A | Page + round | |
| Flexport provides freight forwarding and supply chain services to its customers. | Legal & ComplianceIndustrial & Manufacturing | Portfolio page | ||
| Formo makes protein through precision fermentation for use in food and beverages. | Food & Agriculture | Portfolio page | ||
| Fuse supplies energy to homes and businesses in the United Kingdom | EducationEducation | Portfolio page | ||
| Gozen develops and produces a bio-based material called LUNAFORM through controlled fermentation using microorganisms. | Industrial & Manufacturing | Portfolio page | ||
| HexemBio combines AI with biology to discover medicines and build regenerative therapies | Healthcare & Biotech | Sept 2026Seed | Page + round | |
| Infinite Roots produces food ingredients using mycelium technology | Food & Agriculture | Portfolio page | ||
| The company develops and commercializes cell therapy products for various diseases, including incontinence, on a global market. | Healthcare & Biotech | Portfolio page | ||
| Insightec develops and applies focused ultrasound technology to treat medical conditions such as essential tremor and Parkinson's disease. | Healthcare & Biotech | Portfolio page | ||
| Intuition Robotics develops an AI care companion robot for older adults to reduce loneliness and improve health and wellness | Healthcare & BiotechAI & Machine Learning | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- happinesscapital.com
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 5 Mar 2025
- Companies checked
- 51
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.
Get Happiness Capital's profile as data
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