Investors / China / Puhua Capital
Puhua Capital
Venture capital · Hangzhou, China · Asia Pacific
Puhua Capital is a venture capital and asset management firm founded in 2004. It invests in early-stage and growth companies across technology, energy and materials, healthcare and consumer sectors, and reports having invested in nearly 600 companies.
Invests inAI & Machine LearningIndustrial & Manufacturing
In its own wordshealthcareconsumernew energynew materialstechnologyartificial intelligence
Your fit with Puhua Capital
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsPuhua Capital lists 56 checked portfolio companies on its own site and is named in 6 funding rounds, 1 of them as lead. Its most frequent entry is Series A, 33% of the companies with a known first round. Its largest themes are AI & Machine Learning (30%), Industrial & Manufacturing (17%) and Robotics & Hardware (13%). 98% of its companies are based in China. It invests most often alongside Blue Lake Capital, Glory Ventures and IDG Capital.
Counts come from funding rounds that name Puhua 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 Puhua Capital's whole history. Rounds on record name 6 companies; its own site lists 56. 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 roundPuhua Capital does not state its stages on its site, so only what it does is shown.
Show as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 17% |
| Series A | 33% |
| Series B | 33% |
| Growth | 17% |
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 | 0 | 0 |
| '26 | 6 | 1 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 87th | 58 companies |
| Recent activity | 89th | 6 rounds in 12 months |
| Early stage | 57th | 17% of entries at pre-seed or seed |
| Evidence | 64th | 5% of companies confirmed by a round |
| Sector focus | 52th | 30% in its largest sector |
| Reach | 42th | 2 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 30% | 18% |
| Industrial & Manufacturing | 17% | 7% |
| Robotics & Hardware | 13% | 1% |
| Healthcare & Biotech | 10% | 15% |
| Enterprise Software | 7% | 8% |
| Space & Defense | 5% | 3% |
| Fintech | 4% | 12% |
| Cybersecurity | 3% | 4% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Blue Lake Capital | 2 |
| Glory Ventures | 2 |
| IDG Capital | 2 |
| Inno Fund | 2 |
| 5Y Capital | 1 |
| Broad Vision Funds | 1 |
| Celtic House Venture Partners | 1 |
| Comcast Ventures | 1 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers56100%
- 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 togetherAll co-investors or Compare portfolios with Blue Lake Capital
Compare Puhua 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 Puhua Capital| Date | Company | Stage |
|---|---|---|
| 20 Aug 2026 | Series A | |
| 14 Aug 2026 | Series B Led | |
| 6 Aug 2026 | Series A | |
| 1 Jul 2026 | Seed | |
| 30 Apr 2026 | Series B | |
| 9 Apr 2026 | Series C+ |
Round details for Puhua Capital
Amounts, full round histories and every co-investor in Puhua Capital's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
56 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| The company provides various security software and services, including antivirus programs, browsers, and data protection tools. | CybersecuritySpace & Defense | Portfolio page | ||
| The company develops, produces, and provides services for general-purpose intelligent robots. | Robotics & Hardware | Portfolio page | ||
| The company supplies digital signal processors | Industrial & ManufacturingRobotics & Hardware | Portfolio page | ||
| The company develops and manufactures automotive electronics, including intelligent braking, steering, and suspension systems. | Industrial & Manufacturing | Portfolio page | ||
| Bangshun Pharmaceutical is a biotech company focused on cancer and autoimmune diseases, developing innovative therapies | Healthcare & Biotech | Portfolio page | ||
| The company develops autonomous flight systems for electric aviation, including flight control systems and navigation systems. | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| Huanchuang Technology develops spatial awareness products, focusing on robotic vacuum cleaners and expanding into VR/AR, industrial, and medical applications | Robotics & HardwareHealthcare & Biotech | Portfolio page | ||
| Chemi Biology is a biotechnology company focused on developing a series of therapeutic vaccine products for tumors and viral infections through its SynNeogen immune therapy technology platform | Healthcare & Biotech | Portfolio page | ||
| The company provides cloud computing services, including virtual machines, storage, and networking. | Industrial & ManufacturingIndustrial & Manufacturing | Portfolio page | ||
| The company develops and produces high-end innovative medical devices, including artificial hearts and mechanical circulatory support devices. | Healthcare & Biotech | Portfolio page | ||
| The company provides acceleration services to small and medium-sized enterprises in China. | Enterprise SoftwareFintech | Portfolio page | ||
| The company focuses on physical intelligence and developing intelligent robot technology | AI & Machine Learning | Portfolio page | ||
| The company develops and provides flying robots, autonomous navigation drones, and low-altitude economic solutions. | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| The company develops and sells robotic platforms and solutions, including mechanical arms and mobile platforms, for various applications such as research, education, and data collection. | Robotics & HardwareEducation | Jul 2026Seed | Page + round | |
| The company produces environment-friendly materials using industrial waste resources and provides solutions for pollution control and resource utilization. | Industrial & ManufacturingEnterprise Software | Portfolio page | ||
| The company provides various solutions including intelligent terminal, AR video special effects, and AI digital human live broadcast solutions | AI & Machine LearningEnterprise Software | Portfolio page | ||
| The company develops and provides open-source software products, including Linux panels, AI gateways, and BI tools. | Enterprise SoftwareAI & Machine Learning | Portfolio page | ||
| The company develops and sells skincare products | Healthcare & Biotech | Portfolio page | ||
| The company provides commercial launch services, manufactures advanced aerospace equipment, and offers system integration solutions for the aerospace industry. | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| The company develops and manufactures power semiconductor products for various industries, including new energy vehicles and sustainable energy | Industrial & ManufacturingSpace & Defense | Portfolio page |
About this data
site last read 12 Nov 2026- Site
- puhuacapital.com
- Last read
- 12 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 9 Apr 2026
- Companies checked
- 56
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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