# Joy Capital: portfolio, investments and team > Joy Capital is a vc firm based in China. 7 investments on record, latest Nov 2019. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/joy-capital (Millionrounds; every figure on the page links to its filing or article) China · [Investor](https://millionrounds.com/investors) # Joy Capital No cheque observed since Nov 2019, after 7 earlier cheques, and the website is dead. Dormant New fund $155M, Jun 2023 VC firm Seed Series A Series B Digital Media Mobile Venture Capital & Private Equity Cheques on record **0%** of best year **0** **cheques in 12 months**, 7 on record Since the last cheque **2527** days **00** hrs **00** min **00** sec Median round **$65M** Rounds led **0 of 7** Sole investor **1 rounds** Mostly in **China, 86%** Pitch Joy Capital ## Joy Capital highlights - 01 7 rounds on record - 02 Mostly Series C and Angel: 60% of its rounds - 03 Sole investor in 1 rounds, median $110M ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A Series B Growth Pre-IPO - **Sectors:** Digital Media Mobile Venture Capital & Private Equity - **Based in:** Changyang, China - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **7 appearances** - **2019** 2 rounds - **Nov** **[Newlinks Technology](https://millionrounds.com/company/newlinks-technology)** CN · 36Kr **$110M** Sole investor - **Sept** **Healthy.io** Series C · IL · FinSMEs **$60M** With 4 others - **2018** 2 rounds - **Dec** **[Luckin Coffee](https://millionrounds.com/company/luckin-coffee)** Series B · CN · TechCrunch **$200M** With 3 others - **Aug** **[Nice Tuan](https://millionrounds.com/company/nice-tuan)** Angel · CN · China Money Network **$15M** With 3 others - **2016** 1 round - **Nov** **[Xiaozhu](https://millionrounds.com/company/xiaozhu)** CN · DealStreetAsia **$65M** With 2 others - **2015** 2 rounds - **Sept** **[NextEV](https://millionrounds.com/company/nextev)** Venture · CN **$500M** With 3 others - **Aug** **[Tuhu](https://millionrounds.com/company/tuhu)** Series C · CN **$100M** With 4 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 **3 named** EL **Erhai Liu** Director of the General Partner of the General Partner. i Filing they signed LL **Leenong Li** Director of the General Partner of the General Partner i Filing they signed LL **Lin Lin** CFO i Form ADV We also hold **7** 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 **$1.7B** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** JOY Capital Management, LTD. - **SEC number:** CRD 277061 New fund on file **$155M** raised in Jun 2023 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$65M** the round, not its cheque Alone, median **$110M** Led 0 of 7 rounds **0%** - **Sole investor:** 1 rounds - **Last cheque:** Nov 2019 Rounds by stage said on their site - Series C *2* - Angel *1* - Series B said *1* - Venture *1* - Seed said *-* - Series A said *-* - Growth said *-* Cheques by year Led Joined 2015 2019 Often in the room with - [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) 2 **Pitching Joy 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 Joy Capital. A count of rooms they were both in, not a relationship either has claimed. [**Qiming Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/qiming-venture-partners) ## Recently backed The latest companies Joy Capital put money into. [**Luckin Coffee** $200M · Dec 2018](https://millionrounds.com/company/luckin-coffee) ## Quick answers about Joy Capital ### What does Joy Capital invest in? Joy Capital invests most often at Series C and Angel (60% of the rounds on record), in sectors such as Digital Media, Mobile and Venture Capital & Private Equity. ### How active is Joy Capital? 7 investments on record, 0 of them in the last 12 months. The most recent was in Nov 2019. ### What has Joy Capital invested in recently? Its most recent investments on record: Newlinks Technology (Undisclosed round, Nov 2019), Healthy.io (Series C, Sept 2019) and Luckin Coffee (Series B, Dec 2018). ### How big are Joy Capital's cheques? The median round it joins is $65M. ### Does Joy Capital lead rounds? Rarely, if at all: none of its 7 investments on record names it as the lead. ### Where does Joy Capital invest? Most of the companies it backs are in China (86%) and Israel (14%). ### Is Joy Capital investing now? It looks quiet: no investment on record since Nov 2019. ### Who does Joy Capital invest alongside? Most often Qiming Venture Partners (2 rounds together). ## 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. 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