# YunFeng Capital: portfolio, investments and team

> YunFeng Capital is a private equity. 17 investments on record, 1 in the last 12 months, latest Feb 2026. Portfolio, stages, co-investors and team.

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

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

# YunFeng Capital

Last cheque observed Feb 2026; 17 cheques on record.

Email

Deploying now Private equity

Series A Series B Series D

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Deploying now

**100%** of best year **1** **cheques in 12 months**, 17 on record

Since the last cheque **247** days **00** hrs **00** min **00** sec

Median round **$200M** Rounds led **3 of 17** Sole investor **2 rounds** Mostly in **China, 94%**

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## YunFeng Capital highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series A and Series B: 70% of its rounds
- 03 Sole investor in 2 rounds, median $103M

## What they do

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **17 appearances**

- **2026** 1 round
- **Feb** **[Spirit AI](https://millionrounds.com/company/spirit-ai)** Series A · CN · Ventureburn **$250M** *Led*
- **2018** 8 rounds
- **Nov** **[Wuxi NextCODE](https://millionrounds.com/company/wuxi-nextcode)** Series C · CN · FinSMEs **$200M** With 1 other
- **Oct** **[Xiaozhu](https://millionrounds.com/company/xiaozhu)** CN · China Money Network **$300M** With 4 others
- **Jun** **[VipKids](https://millionrounds.com/company/vipkids)** Series D · US · FinSMEs **$500M** With 3 others
- **May** **[Brii Bio](https://millionrounds.com/company/brii-bio)** CN · FinSMEs **$260M** With 5 others
- **May** **[CStone](https://millionrounds.com/company/cstone)** Series B · CN · FinSMEs **$260M** With 13 others
- **Apr** **[Alisports](https://millionrounds.com/company/alisports)** Series A · CN · China Money Network **$191M** *Led*
- **Mar** **[Yunxi Technology](https://millionrounds.com/company/yunxi-technology)** Series A · CN · China Money Network **$15M** Sole investor
- **Mar** **[Chehaoduo](https://millionrounds.com/company/chehaoduo)** CN · China Money Network **$818M** With 8 others
- **2017** 6 rounds
- **Dec** **[ThinkForce](https://millionrounds.com/company/thinkforce)** CN · China Money Network **$68M** With 3 others
- **Nov** **[Whalehouse Technology](https://millionrounds.com/company/whalehouse-technology)** CN · China Money Network **$15M** With 2 others
- **Sept** **[Abcfintech](https://millionrounds.com/company/abcfintech)** Series A · CN · AVCJ **$30M** *Led*
- **Aug** **[Vipkid](https://millionrounds.com/company/vipkid)** Series D · CN · FinSMEs **$200M** With 3 others
- **Jan** **[Koubei](https://millionrounds.com/company/koubei)** CN · TechCrunch **$1.1B** With 3 others
- **Jan** **[Mogoroom](https://millionrounds.com/company/mogoroom)** CN · China Money Network **$30M** With 2 others
- **2015** 2 rounds
- **May** **[Letv Sports](https://millionrounds.com/company/letv-sports)** Series A **$128M** With 4 others
- **Apr** **[Huakang Mobile Health](https://millionrounds.com/company/huakang-mobile-health)** Series B · CN **$32M** 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 cheque

Series A Series B Series D

Median round joined **$200M** the round, not its cheque Alone, median **$103M**

Led 3 of 17 rounds **18%**

- **Sole investor:** 2 rounds
- **Last cheque:** Feb 2026

Rounds by stage said on their site

- Series A *5*
- Series B *2*
- Series D *2*
- Series C *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 5
- [6 Dimensions Capital](https://millionrounds.com/fund/6-dimensions-capital) 2
- [Arch](https://millionrounds.com/fund/arch) 2
- [Boyu Capital](https://millionrounds.com/fund/boyu-capital) 2

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## Who they invest alongside

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

[**Sequoia Capital** VC firm **5** rounds together](https://millionrounds.com/fund/sequoia-capital)[**6 Dimensions Capital** VC firm **2** rounds together](https://millionrounds.com/fund/6-dimensions-capital)[**Arch** Hedge fund **2** rounds together](https://millionrounds.com/fund/arch)[**Boyu Capital** Private equity **2** rounds together](https://millionrounds.com/fund/boyu-capital)

## Recently backed

The latest companies YunFeng Capital put money into.

[**Alisports** $191M · Apr 2018](https://millionrounds.com/company/alisports)[**Chehaoduo** $818M · Mar 2018](https://millionrounds.com/company/chehaoduo)[**ThinkForce** $68M · Dec 2017](https://millionrounds.com/company/thinkforce)[**Abcfintech** $30M · Sept 2017](https://millionrounds.com/company/abcfintech)[**Vipkid** $200M · Aug 2017](https://millionrounds.com/company/vipkid)[**Koubei** $1.1B · Jan 2017](https://millionrounds.com/company/koubei)

## Quick answers about YunFeng Capital

### What does YunFeng Capital invest in?

YunFeng Capital invests most often at Series A and Series B (70% of the rounds on record).

### How active is YunFeng Capital?

17 investments on record, 1 of them in the last 12 months, and it led 3. The most recent was in Feb 2026.

### What has YunFeng Capital invested in recently?

Its most recent investments on record: Spirit AI (Series A, Feb 2026), Wuxi NextCODE (Series C, Nov 2018) and Xiaozhu (Undisclosed round, Oct 2018).

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

The median round it joins is $200M.

### Does YunFeng Capital lead rounds?

Yes: it led 3 of its 17 investments on record (18%).

### Where does YunFeng Capital invest?

Most of the companies it backs are in China (94%) and the United States (6%).

### Is YunFeng Capital investing now?

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

### Who does YunFeng Capital invest alongside?

Most often Sequoia Capital (5 rounds together), 6 Dimensions Capital (2 rounds together) and Arch (2 rounds together).

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