China · Investor

Capital Today

Last cheque observed Jul 2026; 24 cheques on record.

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Deploying nowNew fund, Jun 2022VC firm

Series ASeries BGrowthConstructionHealth CareVenture Capital & Private Equity

Deploying now
100%of best year1cheques in 12 months, 24 on record
Since the last cheque95days00hrs00min00sec
Median round$100MRounds led1 of 24Sole investor6 roundsExits2 from the portfolioMostly inChina, 91%
Pitch Capital Today

Capital Today highlights

  1. 01

    1 cheques in the last 12 months

  2. 02

    Mostly Series B and Series A: 56% of its rounds

  3. 03

    Sole investor in 6 rounds, median $9.5M

  4. 04

    2 exits from the portfolio

What they do

Type
VC firm (from a list, unverified)
Cheque size
Not stated
Stages
Series ASeries BGrowth
Sectors
ConstructionHealth CareVenture Capital & Private Equity
Based in
Waynesville, China
Cold pitches
Not stated

The record

Every round we can evidence, newest first24 appearances

  1. 2026

    1 round

  2. Jul
    Fish AudioSeed · US · TechCrunch$52MLed
  3. 2018

    2 rounds

  4. Oct
    XiaozhuCN · China Money Network$300MWith 4 others
  5. Jan
    LinlinyiSeries A · CN · China Money Network$30MSole investor
  6. 2017

    5 rounds

  7. Dec
    YichechuxingAngel · CN · China Money Network$26MWith 7 others
  8. Dec
    MafengwoCN · China Money Network$133MWith 7 others
  9. Nov
    XiaozhuCN · FinSMEs$120MWith 2 others
  10. Oct
    ChehaoduoCN · China Money Network$180MWith 6 others
  11. Jan
    ZhihuSeries D · CN · TechNode$100MWith 2 others
  12. 2016

    1 round

  13. Nov
    XiaozhuCN · DealStreetAsia$65MWith 2 others
  14. 2015

    1 round

  15. Jan
    BeiBeiSeries C · CN$100MWith 3 others
  16. 2014

    1 round

  17. May
    ThatgamecompanySeries B · US$7.0MWith 1 other
  18. 2013

    2 rounds

  19. Jul
    Three Squirrels E-commerceSeries B · CN$6.0MWith 1 other
  20. Apr
    MafengwoSeries B · CN$15MWith 1 other
  21. 2012

    1 round

  22. Aug
    DianpingSeries D · CN$32MWith 3 others
  23. 2011

    4 rounds

  24. Oct
    MafengwoSeed · CN$5.0MSole investor
  25. Jun
    ihush.comSeries B · CN · uk.reuters.com$43MWith 1 other
  26. May
    GanjiwangSeries C$70MWith 1 other
  27. Jan
    GanjiSeries C · CN$70MWith 2 others
  28. 2010

    1 round

  29. Oct
    Noah Private Wealth ManagementSeries B · CN$8.9MSole investor
  30. 2008

    1 round

  31. Oct
    ZbirdSeries B · CN$50MSole investor
  32. 2007

    3 rounds

  33. Aug
    JingdongSeries A · CN$10MSole investor
  34. Jul
    TudouSeries C · CN · thealarmclock.com$19MWith 7 others
  35. Jun
    ZbirdSeries A · CN$5.0MSole investor
  36. 2006

    1 round

  37. Apr
    Yi DeSeries A · CN$1.2MWith 2 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 registration4 named

BWBaoma WenPromoteriFiling they signed
XXXin XuDirector of Capital Today River GenPar, Ltd., the Issuer's General PartneriFiling they signed
YCYuan Chang QiuPromoteriFiling they signed
YHYuxin HuDirectoriForm ADV

We also hold 9 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

$4.3Bgross assets of its funds, 3 advisers combinedOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Capital Today River Management Limited
SEC number
CRD 308878

Exits from the portfolio

Companies it backed that were later bought or listed2 in all

GanjiBought by 58.com$446MApr 2015
TudouBought by Youku$864MMar 2012

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 Capital Today. A count of rooms they were both in, not a relationship either has claimed.

IDG VenturesVC firm4rounds togetherSequoia CapitalVC firm4rounds togetherQiming Venture PartnersVC firm3rounds togetherBlueRun VenturesVC firm2rounds togetherGeneral AtlanticPrivate equity2rounds togetherMorningside GroupVC firm2rounds togetherOcean LinkPrivate equity2rounds togetherTemasek HoldingsVC firm2rounds together

Recently backed

The latest companies Capital Today put money into.

Fish Audio$52M · Jul 2026Mafengwo$133M · Dec 2017Chehaoduo$180M · Oct 2017Zhihu$100M · Jan 2017

On podcasts

2 episodes naming Capital Today in the title, and 4 more that mention it.

Mentioned in

Quick answers about Capital Today

What does Capital Today invest in?

Capital Today invests most often at Series B and Series A (56% of the rounds on record), in sectors such as Construction, Health Care and Venture Capital & Private Equity.

How active is Capital Today?

24 investments on record, 1 of them in the last 12 months, and it led 1. The most recent was in Jul 2026.

What has Capital Today invested in recently?

Its most recent investments on record: Fish Audio (Seed, Jul 2026), Xiaozhu (Undisclosed round, Oct 2018) and Linlinyi (Series A, Jan 2018).

How big are Capital Today's cheques?

The median round it joins is $100M.

Does Capital Today lead rounds?

Sometimes: it led 1 of its 24 investments on record (4%).

Where does Capital Today invest?

Most of the companies it backs are in China (91%) and the United States (9%).

Is Capital Today investing now?

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

Who does Capital Today invest alongside?

Most often IDG Ventures (4 rounds together), Sequoia Capital (4 rounds together) and Qiming Venture Partners (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