Investors / Hong Kong / Mandra Capital
Mandra Capital
Venture capital · Hong Kong, Hong Kong · Asia Pacific
Mandra Capital is a Hong Kong-based investment firm that has made 48 direct investments since 2001, with 10 exits including five public listings. It invests across AI and software, semiconductors and materials, health, mobility and manufacturing, consumer and internet, and assets and resources.
Invests inAI & Machine Learning
In its own wordsaisoftwaresemiconductorsmaterialshealthcareconsumer internet
Your fit with Mandra Capital
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsMandra Capital lists 26 checked portfolio companies on its own site. Its largest themes are AI & Machine Learning (16%), Enterprise Software (12%) and Industrial & Manufacturing (10%). 33% of its companies are based in United States. It invests most often alongside Y Combinator, ARCH Venture Partners and Array Ventures.
No funding round on record names Mandra Capital yet, so the figures come from its portfolio page.
Round figures show recent activity, not Mandra Capital's whole history. Rounds on record name 0 companies; its own site lists 26. 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.
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 16% | 18% |
| Enterprise Software | 12% | 8% |
| Industrial & Manufacturing | 10% | 7% |
| Education | 8% | 7% |
| Media & Entertainment | 6% | 4% |
| E-commerce & Marketplaces | 6% | 6% |
| Healthcare & Biotech | 6% | 15% |
| Fintech | 6% | 12% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Y Combinator | 2 |
| ARCH Venture Partners | 1 |
| Array Ventures | 1 |
| BMW i Ventures | 1 |
| Build Your Legacy Ventures | 1 |
| CSC Upshot | 1 |
| Capagro | 1 |
| Capitoria | 1 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 62th | 26 companies |
| Recent activity | 46th | 0 rounds in 12 months |
| Early stage | 54th | 0% of entries at pre-seed or seed |
| Evidence | 52th | 0% of companies confirmed by a round |
| Sector focus | 5th | 16% in its largest sector |
| Reach | 91th | 8 countries |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers2596%
- No longer answers00%
- Points to another company14%
- 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 Mandra Capital head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Portfolio
26 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Aurora Mobile provides cutting-edge infrastructure and AI-driven solutions to support companies in global user acquisition, engagement enhancement, and monetization. | AI & Machine LearningEnterprise Software | Portfolio page | ||
| BookitNGo provides a travel technology platform powered by AI for corporates, B2B wholesalers, and startups. | Space & DefenseLegal & Compliance | Portfolio page | ||
| Command and Control Technologies builds the real-time control, automation, and telemetry systems mission teams run on. | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| CelLink produces flexible circuits for various applications, including battery packs and data centers. | Industrial & ManufacturingHealthcare & Biotech | Portfolio page | ||
| The company provides financial management and auditing systems, as well as travel and expense management platforms, to businesses. | FintechEnterprise Software | Portfolio page | ||
| The company provides energy transition and efficiency solutions, including solar power and energy management systems. | EducationIndustrial & Manufacturing | Portfolio page | ||
| Fellow provides a secure AI meeting assistant for enterprise and regulated teams. | AI & Machine LearningCybersecurity | Portfolio page | ||
| The company provides a platform for streaming television dramas and movies. | Enterprise SoftwareMedia & Entertainment | Portfolio page | ||
| The company develops and produces encoders for CNC machine tools, teaching devices for industrial robots, and other industrial automation products. | Industrial & ManufacturingRobotics & Hardware | Portfolio page | ||
| Keep Fitness offers fitness coaching and training services, including personalized workouts and technology-based programs. | Healthcare & Biotech | Portfolio page | ||
| The company operates an online shopping platform that offers home delivery of various food and household products. | Food & AgricultureE-commerce & Marketplaces | Portfolio page | ||
| The company offers plant-based dining, eco-friendly stores, wellness centers, and culinary education. | Food & AgricultureConsumer | Portfolio page | ||
| Nex creates immersive games and experiences that transform spaces into play areas | Enterprise SoftwareGaming | Portfolio page | ||
EducationCybersecurity | Portfolio page | |||
| OKCoin operates a cryptocurrency exchange where users can buy and sell crypto assets. | Fintech | Portfolio page | ||
| People Data Labs collects, standardizes, and refreshes workforce data, including person and company data, and provides it through APIs and data feeds. | Human ResourcesEnterprise Software | Portfolio page | ||
| Redu helps brands and attractions reach consumers, drive engagement, and generate sales through their owned platforms and communities. | E-commerce & MarketplacesMedia & Entertainment | Portfolio page | ||
| The company provides AI-powered tools to generate product images, designs, and social media posts for eCommerce businesses. | AI & Machine LearningE-commerce & Marketplaces | Portfolio page | ||
| Sana Biotechnology develops engineered cells as medicines to solve the underlying cause of many diseases. | Healthcare & Biotech | Portfolio page | ||
| Sino Polymer provides specialized composite solutions, including high-quality resins and professional services such as structural design and technical guidance | AI & Machine LearningAI & Machine Learning | Portfolio page |
About this data
site last read 7 Nov 2026- Site
- mandra.hk
- Last read
- 7 Nov 2026
- Watching since
- 7 Nov 2026
- Companies checked
- 26
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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