# Huagai Capital: portfolio, investments and team

> Huagai Capital is a private equity based in China. 75 investments on record, 5 in the last 12 months, latest Jul 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/huagai-capital (Millionrounds; every figure on the page links to its filing or article)

China · [Investor](https://millionrounds.com/investors)

# Huagai Capital

Last cheque observed Jul 2026; 75 cheques on record.

Deploying now Private equity

Buyout Growth Seed Healthcare Technology

Deploying now

**63%** of best year **5** **cheques in 12 months**, 75 on record

Since the last cheque **117** days **00** hrs **00** min **00** sec

Median round **$15M** Rounds led **1 of 75** Sole investor **30 rounds** Mostly in **United States, 60%**

Pitch Huagai Capital

## Huagai Capital highlights

- 01 5 cheques in the last 12 months
- 02 Mostly Series A and Series B: 66% of its rounds
- 03 Sole investor in 30 rounds, median $3.1M

## What they do

> Huagai Capital was founded in 2012, a private equity investment institution co-founded by a group of professionals from well-known domestic and international investment institutions in the industry. Translated from Chinese, from their own website

- **Type:** Private equity
- **Cheque size:** Not stated
- **Stages:** Buyout Growth Seed Series A
- **Sectors:** Healthcare Technology
- **Based in:** China
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **75 appearances**

- **2026** 5 rounds
- **Jul** **[SeaArt](https://millionrounds.com/company/seaart)** Series B · HK **$15M** With 3 others
- **Mar** **[PrinoPharma](https://millionrounds.com/company/prinopharma)** Pre-seed **$15M** Sole investor
- **Feb** **[Chromai](https://millionrounds.com/company/chromai)** Venture **Undisclosed** Sole investor
- **Feb** **[Bluesail Surgical](https://millionrounds.com/company/bluesail-surgical)** Venture **Undisclosed** Sole investor
- **Jan** **[PAQ Therapeutics](https://millionrounds.com/company/paq-therapeutics)** Series B · US **$38M** With 2 others
- **2025** 4 rounds
- **Oct** **[Hyperway Pharm](https://millionrounds.com/company/hyperway-pharm)** Series B **$28M** Sole investor
- **Aug** **[Moyang Biotechnology](https://millionrounds.com/company/moyang-biotechnology)** Venture **Undisclosed** Sole investor
- **Aug** **[Leaf Biotech](https://millionrounds.com/company/leaf-biotech)** Series B **$14M** Sole investor
- **Jan** **[Alebund Pharmaceuticals](https://millionrounds.com/company/alebund-pharmaceuticals)** Series C **$75M** With 2 others
- **2024** 2 rounds
- **Dec** **[uBriGene](https://millionrounds.com/company/ubrigene)** Series D **$27M** With 3 others
- **Jan** **[Chuanxin Biotech](https://millionrounds.com/company/chuanxin-biotech)** Venture **Undisclosed** Sole investor
- **2023** 9 rounds
- **Nov** **[Argo Biopharma](https://millionrounds.com/company/argo-biopharma)** Series A **$41M** With 2 others
- **Nov** **[MobiDrop](https://millionrounds.com/company/mobidrop)** Venture **Undisclosed** With 1 other
- **Aug** **[Jinfang Pharmaceutical](https://millionrounds.com/company/jinfang-pharmaceutical)** Venture **Undisclosed** With 3 others
- **Jul** **[Singlomics](https://millionrounds.com/company/singlomics)** Venture **$1.4M** With 2 others
- **Jul** **[MindRank AI](https://millionrounds.com/company/mindrank-ai)** Series A **$23M** With 2 others
- **Jun** **[Innolake Biopharm](https://millionrounds.com/company/innolake-biopharm)** Series A **$14M** With 1 other
- **Feb** **[LIBAOTE](https://millionrounds.com/company/libaote)** Venture **Undisclosed** Sole investor
- **Feb** **[Beeplus Co-working Space](https://millionrounds.com/company/beeplus-co-working-space)** Venture **Undisclosed** Sole investor
- **Feb** **[Reliable Med](https://millionrounds.com/company/reliable-med)** Series A **$15M** With 1 other
- **2022** 4 rounds
- **Oct** **[Carmine Therapeutics](https://millionrounds.com/company/carmine-therapeutics)** Series A · US · Firms' own news pages **Undisclosed** With 3 others
- **Jul** **[H.Extract](https://millionrounds.com/company/h-extract)** Venture **Undisclosed** With 1 other
- **Jun** **[Huojianpai](https://millionrounds.com/company/huojianpai)** Venture **Undisclosed** With 1 other
- **Feb** **[Clounix](https://millionrounds.com/company/clounix)** Series A **$63M** With 1 other
- **2021** 10 rounds
- **Dec** **[Beijing Sudo Technology](https://millionrounds.com/company/beijing-sudo-technology)** Series A **$48M** With 3 others
- **Dec** **[Meike Solar](https://millionrounds.com/company/meike-solar)** Series B **$188M** With 2 others
- **Dec** **[Quantinfo Technology](https://millionrounds.com/company/quantinfo-technology)** Series B **$3.1M** With 1 other
- **Dec** **[InCarey](https://millionrounds.com/company/incarey)** Series C **$31M** With 2 others
- **Nov** **[NeuraMatrix](https://millionrounds.com/company/neuramatrix)** Series A **$16M** With 1 other
- **Aug** **[JOINN Biologics](https://millionrounds.com/company/joinn-biologics)** Series B · US **$150M** With 1 other
- **Jul** **[Xianghuanji](https://millionrounds.com/company/xianghuanji)** Series B **$8.5M** Sole investor
- **Jun** **[GensKey](https://millionrounds.com/company/genskey)** Series C **$16M** With 2 others
- **May** **[Duality Biologics](https://millionrounds.com/company/duality-biologics)** Series B **$90M** With 3 others
- **Jan** **[Pin Hu Tang](https://millionrounds.com/company/pin-hu-tang)** Growth **$1.9M** With 1 other
- **2020** 4 rounds
- **Jul** **[Haihe Biopharma](https://millionrounds.com/company/haihe-biopharma)** Series B **$171M** With 3 others
- **Jul** **[AccuMedical](https://millionrounds.com/company/accumedical)** Series B **$14M** With 1 other
- **May** **[MGI Tech](https://millionrounds.com/company/mgi-tech)** Series B **$1.0B** With 4 others
- **Mar** **[Tongcheng Bills Network](https://millionrounds.com/company/tongcheng-bills-network)** Series B **$21M** With 2 others
- **2019** 9 rounds
- **Nov** **[Genome Wisdom](https://millionrounds.com/company/genome-wisdom)** Series B · CN · 36Kr **$8.5M** With 1 other
- **Aug** **[Omescape](https://millionrounds.com/company/omescape)** Series A **$5.7M** Sole investor

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

We hold **2** 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.

## The cheque

Buyout Growth Seed

Median round joined **$15M** the round, not its cheque Alone, median **$3.1M**

Led 1 of 75 rounds **1%**

- **Sole investor:** 30 rounds
- **Last cheque:** Jul 2026

Rounds by stage said on their site

- Series A said *26*
- Series B *20*
- Venture *14*
- Pre-seed *5*
- Series C *5*
- Buyout said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Green Pine Capital](https://millionrounds.com/fund/green-pine-capital-partners) 6
- [IDG Capital](https://millionrounds.com/fund/idg-capital) 6
- [Legend Capital](https://millionrounds.com/fund/legend-capital) 5
- [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) 4
- [HSG](https://millionrounds.com/fund/hsg) 3
- [Sherpa Healthcare Partners](https://millionrounds.com/fund/sherpa-healthcare-partners) 3

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## Who they invest alongside

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

[**Green Pine Capital** VC firm **6** rounds together](https://millionrounds.com/fund/green-pine-capital-partners)[**IDG Capital** Private equity **6** rounds together](https://millionrounds.com/fund/idg-capital)[**Legend Capital** VC firm **5** rounds together](https://millionrounds.com/fund/legend-capital)[**Matrix Partners China** VC firm **4** rounds together](https://millionrounds.com/fund/matrix-partners-china-2)[**HSG** VC firm **3** rounds together](https://millionrounds.com/fund/hsg)[**Sherpa Healthcare Partners** VC firm **3** rounds together](https://millionrounds.com/fund/sherpa-healthcare-partners)[**Tengxun Touzi** VC firm **3** rounds together](https://millionrounds.com/fund/tengxun-touzi)[**ZhenFund** VC firm **3** rounds together](https://millionrounds.com/fund/zhenfund)[**Addor Capital** VC firm **2** rounds together](https://millionrounds.com/fund/addor-capital)[**CDH Investments** Private equity **2** rounds together](https://millionrounds.com/fund/cdh-investments)[**China Growth Capital** VC firm **2** rounds together](https://millionrounds.com/fund/china-growth-capital)[**China Merchants Capital** VC firm **2** rounds together](https://millionrounds.com/fund/china-merchants-capital)

## Recently backed

The latest companies Huagai Capital put money into.

[**SeaArt** $15M · Jul 2026](https://millionrounds.com/company/seaart)[**Bluesail Surgical** Feb 2026](https://millionrounds.com/company/bluesail-surgical)[**PAQ Therapeutics** $38M · Jan 2026](https://millionrounds.com/company/paq-therapeutics)[**Alebund Pharmaceuticals** $75M · Jan 2025](https://millionrounds.com/company/alebund-pharmaceuticals)[**Argo Biopharma** $41M · Nov 2023](https://millionrounds.com/company/argo-biopharma)[**Singlomics** $1.4M · Jul 2023](https://millionrounds.com/company/singlomics)

## Quick answers about Huagai Capital

### What does Huagai Capital invest in?

Huagai Capital invests most often at Series A and Series B (66% of the rounds on record), in sectors such as Healthcare and Technology.

### How active is Huagai Capital?

75 investments on record, 5 of them in the last 12 months, and it led 1. The most recent was in Jul 2026.

### What has Huagai Capital invested in recently?

Its most recent investments on record: SeaArt (Series B, Jul 2026), PrinoPharma (Pre-seed, Mar 2026) and Chromai (Venture, Feb 2026).

### How big are Huagai Capital's cheques?

The median round it joins is $15M.

### Does Huagai Capital lead rounds?

Sometimes: it led 1 of its 75 investments on record (1%).

### Where does Huagai Capital invest?

Most of the companies it backs are in the United States (60%), Hong Kong SAR China (20%) and China (20%).

### Is Huagai Capital investing now?

Yes: it is actively investing, with 5 investments in the last 12 months.

### Who does Huagai Capital invest alongside?

Most often Green Pine Capital (6 rounds together), IDG Capital (6 rounds together) and Legend Capital (5 rounds together).

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