China · Investor

BAI capital

Last cheque observed Jan 2026; 34 cheques on record.

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Deploying nowNew fund $334M, Jan 2022VC firm

SeedSeries ASeries BEntertainmentFintechsArt

Deploying now
100%of best year1cheques in 12 months, 34 on record
Since the last cheque291days00hrs00min00sec
Median round$55MRounds led0 of 34Sole investor7 roundsExits1 from the portfolioMostly inChina, 84%
Pitch BAI capital

BAI capital highlights

  1. 01

    1 cheques in the last 12 months

  2. 02

    Mostly Series A and Series B: 75% of its rounds

  3. 03

    Sole investor in 7 rounds, median $3.0M

  4. 04

    1 exits from the portfolio

What they do

BAI Capital is committed to finding and continuously supporting market leaders, innovative pioneers, and trendsetters from early to growth stages.Translated from Chinese, from their own website
Type
VC firm (from a list, unverified)
Cheque size
Not stated
Stages
SeedSeries ASeries BGrowthPre-IPO
Sectors
EntertainmentFintechsArt
Based in
Beijing, China
Cold pitches
Not stated

The record

Every round we can evidence, newest first34 appearances

  1. 2026

    1 round

  2. Jan
    VelaFiSeries B · LatamList$20MWith 7 others
  3. 2024

    1 round

  4. Dec
    usdx.moneySeed · HK · TechStartups$45MWith 4 others
  5. 2019

    1 round

  6. Nov
    OPaySeries B · NG · FinSMEs$120MWith 9 others
  7. 2016

    1 round

  8. Nov
    XiaozhuCN · DealStreetAsia$65MWith 2 others
  9. 2015

    5 rounds

  10. Nov
    Meili JinrongSeries A · JP$65MWith 2 others
  11. Sept
    Zhai.MeSeries B · CN$35MWith 5 others
  12. Sept
    Mioji TravelSeries B$20MWith 4 others
  13. Feb
    TantanSeries A · JP$5.0MSole investor
  14. Jan
    OptAimSeries A · CN$10MWith 1 other
  15. 2014

    7 rounds

  16. Aug
    LaguoSeries B · CN$25MWith 2 others
  17. Aug
    MemBlazeSeries C · CN$20MWith 2 others
  18. Jul
    GtxhSeries A · CN$10MSole investor
  19. Jun
    UCloud Information TechnologySeries B · CN$50MWith 1 other
  20. Jun
    DayimaSeries C · CN$30MWith 2 others
  21. Apr
    LaguoSeries A · CN$5.0MWith 1 other
  22. Jan
    YOHOSeries C · CN$30MWith 3 others
  23. 2013

    5 rounds

  24. Sept
    DayimaSeries B · CN$10MWith 1 other
  25. Aug
    mo9 (moKredit)Series B · US · technode.com$1.0MWith 1 other
  26. Apr
    YouxinpaiSeries A · CN$30MWith 3 others
  27. Apr
    DayimaSeries A · CN$1.0MSole investor
  28. Mar
    Chunyu YishengSeries B · CN$1.0MSole investor
  29. 2012

    3 rounds

  30. Jul
    Transfer Course Computer System (Beijing)Series A · CNUndisclosedSole investor
  31. May
    SecooSeries A · CN$30MWith 1 other
  32. Jan
    MogujieSeries B · CN$10MWith 1 other
  33. 2011

    6 rounds

  34. Dec
    Transfer Course Computer System (Beijing)Seed · CNUndisclosedSole investor
  35. Sept
    DoubanSeries C · CN$50MWith 3 others
  36. Sept
    Yippee ArtsSeries AUndisclosedSole investor
  37. Jun
    YohobuyCNUndisclosedWith 1 other
  38. May
    MogujieSeries A · CN$1.0MWith 1 other
  39. Feb
    MogujieSeed · CN$1.0MWith 1 other
  40. 2009

    2 rounds

  41. Nov
    Phoenix New MediaSeries A · CN · venturebeat.comUndisclosedWith 1 other
  42. Jul
    Bitauto HoldingsSeries D · CN$17MWith 2 others
  43. 2008

    2 rounds

  44. Aug
    YOHOSeries A · CNUndisclosedWith 1 other
  45. May
    CDELSeries B · CNUndisclosedWith 1 other

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 registration6 named

EEElizabeth EngDirectoriFiling they signed
JSJason SneahDirectoriFiling they signed
JSJingyuan SunChief Operating OfficeriForm ADV
PLPing LiCFOiForm ADV
YZYichen ZhaoDirectoriForm ADV
YLYu LongDirectoriFiling they signed

We also hold 10 people 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.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$354Mgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
BAI Capital Management Limited
SEC number
CRD 312869

Exits from the portfolio

Companies it backed that were later bought or listed1 in all

MogujieBought by AlibabaUndisclosedOct 2013

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as BAI capital. A count of rooms they were both in, not a relationship either has claimed.

BAI CapitalInvestment firm4rounds togetherSequoia CapitalVC firm4rounds togetherCDH InvestmentsPrivate equity3rounds togetherDCM VenturesPrivate equity3rounds togetherQiming Venture PartnersVC firm3rounds togetherTrustbridge PartnersGrowth equity3rounds togetherDragonfly Capital PartnersVC firm2rounds togetherGaorong CapitalVC firm2rounds togetherLegend CapitalVC firm2rounds togetherMorningside GroupVC firm2rounds together

Recently backed

The latest companies BAI capital put money into.

VelaFi$20M · Jan 2026

Quick answers about BAI capital

What does BAI capital invest in?

BAI capital invests most often at Series A and Series B (75% of the rounds on record), in sectors such as Entertainment, Fintechs and Art.

How active is BAI capital?

34 investments on record, 1 of them in the last 12 months. The most recent was in Jan 2026.

What has BAI capital invested in recently?

Its most recent investments on record: VelaFi (Series B, Jan 2026), usdx.money (Seed, Dec 2024) and OPay (Series B, Nov 2019).

How big are BAI capital's cheques?

The median round it joins is $55M.

Does BAI capital lead rounds?

Rarely, if at all: none of its 34 investments on record names it as the lead.

Where does BAI capital invest?

Most of the companies it backs are in China (84%) and Japan (6%).

Is BAI capital investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

Who does BAI capital invest alongside?

Most often BAI Capital (4 rounds together), Sequoia Capital (4 rounds together) and CDH Investments (3 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it