# Puhua Capital: portfolio, investments and team > Puhua Capital is a vc firm based in China. 136 investments on record, 25 in the last 12 months, latest Jun 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/puhua-capital (Millionrounds; every figure on the page links to its filing or article) China · [Investor](https://millionrounds.com/investors) # Puhua Capital Last cheque observed Jun 2026; 136 cheques on record. Deploying now VC firm Growth Seed Series A Gaming PC Games Deploying now **66%** of best year **25** **cheques in 12 months**, 136 on record Since the last cheque **148** days **00** hrs **00** min **00** sec Median round **$15M** Rounds led **0 of 136** Sole investor **46 rounds** Mostly in **United States, 40%** Pitch Puhua Capital ## Puhua Capital highlights - 01 25 cheques in the last 12 months - 02 Mostly Venture and Series B: 60% of its rounds - 03 Sole investor in 46 rounds, median $11M ## What they do > Puhua Capital was founded in 2004, and has always upheld the original intention of 'embracing a heart of universal benefit, and doing practical and solid things', focusing on venture capital and asset management businesses. Translated from Chinese, from their own website - **Type:** VC firm - **Cheque size:** Not stated - **Stages:** Growth Seed Series A - **Sectors:** Gaming PC Games - **Based in:** China - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **136 appearances** - **2026** 16 rounds - **Jun** **[Shuimu BioSciences](https://millionrounds.com/company/shuimu-biosciences)** Venture · US **Undisclosed** With 1 other - **Apr** **[Spacety](https://millionrounds.com/company/spacety)** Venture · LU **Undisclosed** With 4 others - **Mar** **[Laser Link](https://millionrounds.com/company/laser-link)** Series C **$73M** With 1 other - **Mar** **[Senad Technology](https://millionrounds.com/company/senad-technology)** Venture **$29M** With 3 others - **Feb** **[Aurora Starcom](https://millionrounds.com/company/aurora-starcom)** Series A **$43M** With 1 other - **Feb** **[Coherent Technology](https://millionrounds.com/company/coherent-technology)** Seed **$14M** Sole investor - **Feb** **[Unbounded Dynamics](https://millionrounds.com/company/unbounded-dynamics)** Seed **$29M** With 2 others - **Feb** **[RoboScience](https://millionrounds.com/company/roboscience)** Venture **Undisclosed** With 1 other - **Feb** **AI Robotics** Series B **$145M** With 3 others - **Feb** **[Cascade](https://millionrounds.com/company/cascade)** Venture · US **$72M** With 1 other - **Feb** **[Infimotion](https://millionrounds.com/company/infimotion)** Venture **Undisclosed** Sole investor - **Feb** **[Yuntong Data Technology](https://millionrounds.com/company/yuntong-data-technology)** Series B **$5.8M** Sole investor - **Jan** **[INMO Glass](https://millionrounds.com/company/inmo-glass)** Venture **Undisclosed** With 1 other - **Jan** **[Uni-Ubi](https://millionrounds.com/company/uni-ubi)** Venture **$74M** Sole investor - **Jan** **[bit.bio](https://millionrounds.com/company/bit-bio)** Series C **$50M** With 5 others - **Jan** **[Bohua precision spindle](https://millionrounds.com/company/bohua-precision-spindle)** Venture **Undisclosed** Sole investor - **2025** 28 rounds - **Dec** **[Haimai Medical](https://millionrounds.com/company/haimai-medical)** Series A **$14M** With 1 other - **Dec** **[Quanzhentong](https://millionrounds.com/company/quanzhentong)** Venture **Undisclosed** Sole investor - **Dec** **[Belle Healthcare](https://millionrounds.com/company/belle-healthcare)** Venture **Undisclosed** Sole investor - **Dec** **[Shixin Materials](https://millionrounds.com/company/shixin-materials)** Venture **Undisclosed** With 1 other - **Dec** **[Worg Pharmaceuticals](https://millionrounds.com/company/worg-pharmaceuticals)** Series D **$43M** With 2 others - **Dec** **[Tinychip](https://millionrounds.com/company/tinychip)** Venture **$14M** Sole investor - **Dec** **[ENCOS](https://millionrounds.com/company/encos)** Seed **$28M** With 1 other - **Nov** **[CenoBots (Cenozoic Robotics)](https://millionrounds.com/company/cenobots-cenozoic-robotics)** Series A · SG **$14M** With 3 others - **Nov** **[TCab Tech](https://millionrounds.com/company/tcab-tech)** Series B **$42M** With 1 other - **Oct** **[Teemo](https://millionrounds.com/company/teemo)** Series A **$14M** Sole investor - **Sept** **[Galactic Energy Aerospace Technology](https://millionrounds.com/company/galactic-energy-aerospace-technology)** Series D **$336M** With 2 others - **Sept** **[BasePoint Origin](https://millionrounds.com/company/basepoint-origin)** Pre-seed **$14M** With 3 others - **Sept** **[Lc Space](https://millionrounds.com/company/lc-space)** Series C **$14M** Sole investor - **Sept** **[Chinagene Tech](https://millionrounds.com/company/chinagene-tech)** Venture **Undisclosed** With 1 other - **Sept** **[Thorough Future](https://millionrounds.com/company/thorough-future)** Venture **Undisclosed** With 2 others - **Aug** **[Gancao](https://millionrounds.com/company/gancao)** Venture **Undisclosed** Sole investor - **Aug** **[Microview](https://millionrounds.com/company/microview)** Series B **$14M** Sole investor - **Jun** **[Rongrui Technology](https://millionrounds.com/company/rongrui-technology)** Seed **$14M** With 1 other - **Jun** **[Seek wave](https://millionrounds.com/company/seek-wave)** Venture **Undisclosed** Sole investor - **Jun** **[SiliconFlow](https://millionrounds.com/company/siliconflow)** Venture · SG **Undisclosed** With 1 other - **Apr** **[Multiway Robotics](https://millionrounds.com/company/multiway-robotics)** Series B **$14M** With 1 other - **Apr** **[Boundary Intelligent Control](https://millionrounds.com/company/boundary-intelligent-control)** Series A **$6.9M** With 2 others - **Mar** **[FDMTEK](https://millionrounds.com/company/fdmtek)** Venture **Undisclosed** With 3 others - **Mar** **[Huachen Core Light](https://millionrounds.com/company/huachen-core-light)** Series A **$28M** With 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 cheque Growth Seed Series A Median round joined **$15M** the round, not its cheque Alone, median **$11M** Led 0 of 136 rounds **0%** - **Sole investor:** 46 rounds - **Last cheque:** Jun 2026 Rounds by stage said on their site - Venture *42* - Series B *34* - Series A said *23* - Series C *15* - Seed said *7* - Pre-seed *6* - Growth said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) 9 - [IDG Capital](https://millionrounds.com/fund/idg-capital) 7 - [Shenzhen Capital Group Co.](https://millionrounds.com/fund/shenzhen-capital-group) 7 - [Baidu Ventures](https://millionrounds.com/fund/baidu-ventures) 6 - [Fortune Venture Capital](https://millionrounds.com/fund/fortune-capital) 5 - [HSG](https://millionrounds.com/fund/hsg) 5 **Pitching Puhua 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 Puhua Capital. A count of rooms they were both in, not a relationship either has claimed. [**Matrix Partners China** VC firm **9** rounds together](https://millionrounds.com/fund/matrix-partners-china-2)[**IDG Capital** Private equity **7** rounds together](https://millionrounds.com/fund/idg-capital)[**Shenzhen Capital Group Co.** Government **7** rounds together](https://millionrounds.com/fund/shenzhen-capital-group)[**Baidu Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/baidu-ventures)[**Fortune Venture Capital** VC firm **5** rounds together](https://millionrounds.com/fund/fortune-capital)[**HSG** VC firm **5** rounds together](https://millionrounds.com/fund/hsg)[**5Y Capital** VC firm **4** rounds together](https://millionrounds.com/fund/5y-capital)[**Addor Capital** VC firm **4** rounds together](https://millionrounds.com/fund/addor-capital)[**Amadeus Capital Partners** VC firm **4** rounds together](https://millionrounds.com/fund/amadeus-capital-partners)[**CDH Investments** Private equity **4** rounds together](https://millionrounds.com/fund/cdh-investments)[**Gaorong Capital** VC firm **4** rounds together](https://millionrounds.com/fund/gaorong-capital)[**Hill House Capital** Family office **4** rounds together](https://millionrounds.com/fund/hill-house-capital) ## Recently backed The latest companies Puhua Capital put money into. [**Shuimu BioSciences** Jun 2026](https://millionrounds.com/company/shuimu-biosciences)[**Spacety** Apr 2026](https://millionrounds.com/company/spacety)[**Laser Link** $73M · Mar 2026](https://millionrounds.com/company/laser-link)[**Uni-Ubi** $74M · Jan 2026](https://millionrounds.com/company/uni-ubi)[**bit.bio** $50M · Jan 2026](https://millionrounds.com/company/bit-bio)[**Belle Healthcare** Dec 2025](https://millionrounds.com/company/belle-healthcare) ## Quick answers about Puhua Capital ### What does Puhua Capital invest in? Puhua Capital invests most often at Venture and Series B (60% of the rounds on record), in sectors such as Gaming and PC Games. ### How active is Puhua Capital? 136 investments on record, 25 of them in the last 12 months. The most recent was in Jun 2026. ### What has Puhua Capital invested in recently? Its most recent investments on record: Shuimu BioSciences (Venture, Jun 2026), Spacety (Venture, Apr 2026) and Laser Link (Series C, Mar 2026). ### How big are Puhua Capital's cheques? The median round it joins is $15M. ### Does Puhua Capital lead rounds? Rarely, if at all: none of its 136 investments on record names it as the lead. ### Where does Puhua Capital invest? Most of the companies it backs are in the United States (40%), Singapore (40%) and Luxembourg (20%). ### Is Puhua Capital investing now? Yes: it is actively investing, with 25 investments in the last 12 months. ### Who does Puhua Capital invest alongside? Most often Matrix Partners China (9 rounds together), IDG Capital (7 rounds together) and Shenzhen Capital Group Co. (7 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. 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