# A Capital: portfolio, investments and team > A Capital is a vc firm based in Hong Kong SAR China. 2 investments on record, 1 in the last 12 months, latest Oct 2026. Source: https://millionrounds.com/fund/a-capital (Millionrounds; every figure on the page links to its filing or article) Hong Kong SAR China · [Investor](https://millionrounds.com/investors) # A Capital Last cheque observed Oct 2026; 2 cheques on record. Deploying now New fund, Jun 2022 VC firm Seed Series C Internet Network Security Deploying now **100%** of best year **1** **cheques in 12 months**, 2 on record Since the last cheque **7** days **00** hrs **00** min **00** sec Median round **$95M** Rounds led **0 of 2** Pitch A Capital ## A Capital highlights - 01 1 cheques in the last 12 months - 02 Mostly Seed and Series C: 100% of its rounds ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** Internet Network Security - **Based in:** Hong Kong SAR China - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **2 appearances** - **2026** 1 round - **Oct** **[Dream Labs](https://millionrounds.com/company/dream-labs)** Seed · US · Silicon Angle **$90M** With 7 others - **2022** 1 round - **May** **[Hugging Face](https://millionrounds.com/company/hugging-face)** Series C · US · Hugging Face **$100M** With 10 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **2 named** RC **Ronny Connway** Managing Member of the General Partner i Filing they signed RC **Ronny Conway** Managing Member of the General Partner i Filing they signed We also hold **1** person at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. New fund on file **Raised** a new fund in Jun 2022 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series C Median round joined **$95M** the round, not its cheque Led 0 of 2 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Oct 2026 Rounds by stage said on their site - Seed *1* - Series C *1* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [SV Angel](https://millionrounds.com/fund/sv-angel) 2 **Pitching A Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as A Capital. A count of rooms they were both in, not a relationship either has claimed. [**SV Angel** VC firm **2** rounds together](https://millionrounds.com/fund/sv-angel) ## Recently backed The latest companies A Capital put money into. [**Hugging Face** $100M · May 2022](https://millionrounds.com/company/hugging-face) ## Quick answers about A Capital ### What does A Capital invest in? A Capital invests most often at Seed and Series C (100% of the rounds on record), in sectors such as Internet and Network Security. ### How active is A Capital? 2 investments on record, 1 of them in the last 12 months. The most recent was in Oct 2026. ### What has A Capital invested in recently? Its most recent investments on record: Dream Labs (Seed, Oct 2026) and Hugging Face (Series C, May 2022). ### How big are A Capital's cheques? The median round it joins is $95M. ### Is A Capital investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### Who does A Capital invest alongside? Most often SV Angel (2 rounds together). ### What kind of investor is A Capital? A Capital is a VC firm based in Hong Kong SAR China. ### Has A Capital raised a new fund? Its latest fund filing with the SEC was in Jun 2022. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=a-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=a-capital)