About Alphax Partners
Alphax Partners is a venture capital firm founded in 2016. It is primarily based out of Chaoyang, China. As of May 2025, Alphax Partners has invested in 22 companies. It primarily invests in Series A round in China based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it participated in the $***** Series A round of D-Robotics Overall, Alphax Partners portfolio has seen 3 IPOs, namely Beijing Yunji China Technology, TuanChe and Qi'anxin. A lot of funds co-invest with Alphax Partners, with names like Lenovo Capital and Incubator Group sharing a substantial percentage of its portfolio. Alphax Partners has team of 5 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 2 more
Portfolio IPOs
Portfolio Soonicorns
Alphax Partners' List of Top Investments
Alphax Partners has a portfolio of 22 companies. Their most notable investments are in Rosenbot Technology and Micro Cloud Robot.Their portfolio spans across China and United States. They have invested in Enterprise Applications, Consumer, High Tech and 16 other sectors, across stages such as Series A, Seed and 2 more. Here is the list of top investments by Alphax Partners:_1552288873066.png?format=webp&height=120&width=120){kind=logo}
Beijing Yunji China Technology provides service robots for multi-industry applications. Its chief offerings include Run, Sail, Water, Delivery, and Vendor. Run is a commercial robot for hotels that can take an elevator by itself, deliver goods, and is designed with voice propaganda, remote call, and other functions. Sail is an interactive robot for government buildings and comes with a large screen display. Water is a DIY robotic platform that comes with a four-wheeled base drive and functionalities like mature perception, cognition, and autonomous positioning and navigation. Delivery is a food delivery robot is suitable for restaurants, hotels, banquet halls. and can move by itself, avoid obstacles, and automatically select the food delivery route.
Key facts about Beijing Yunji China Technology
- Founded Year: 2014
- Location: Haidian (China)
- Stage: Public
- Investors: TransLink Capital, Everbright Zhongying Capital and 12 Others
- Latest Funding Round: Series C, May 27, 2021, $*****
- Highlight: Public
2. TuanChe
Key facts about TuanChe
- Founded Year: 2009
- Location: Beijing (China)
- Stage: Public
- Employee Count: 174 as on Jul 31, 2026
- Investors: BAI Capital, K2VC and 4 Others
- Latest Funding Round: Series B, Nov 06, 2013, $*****
- Highlight: Public
Gaosi Education Group is an educational and training institution. It provides domestic extracurricular tutorial institution that provides services for middle and primary schools. It has set up personalized one-to-one teaching centers, Claims to have has nearly 10,000 students and 100 full-time teachers and personnel of teaching and researching teams. The institution was founded in 2009.
Key facts about Gaosi Education Group
- Founded Year: 2009
- Location: Beijing (China)
- Stage: Series D
- Total Funding till date: $320M
- Employee Count: 372 as on Jul 31, 2026
- Investors: Loayal Valley Capital, Warburg Pincus and 10 Others
- Latest Funding Round: Series D, Nov 27, 2019, $*****
4. Qi'anxin
Provider of security analytics solutions. The product offered by the company is a situational awareness platform, a big data security analysis platform, a big data intelligent modeling platform, and a threat awareness system. It also provides products for border security and terminal security. The features of the product include real-time threat detection and prevention, security management, secure authentication, intrusion prevention, etc.
Key facts about Qi'anxin
- Founded Year: 2014
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $210M
- Investors: Guangzhou Yuexiu Industrial Investment Fund Management, SDIC Chuanghe Fund Management and 9 Others
- Latest Funding Round: Series D, Sep 27, 2019, $*****
- Highlight: Public
5. D-Robotics
Provider of robotics development infrastructure, encompassing hardware, operating systems, and applications. The company offers development kits with AI acceleration for robotics and edge intelligence. It provides software, node hubs, and accessories to simplify robotic development. The company’s products support applications expertise and are designed for demanding workloads.
Key facts about D-Robotics
- Founded Year: 2024
- Location: Shenzhen (China)
- Stage: Series B
- Total Funding till date: $370M
- Investors: HPR Capital, Yunfeng Capital and 28 Others
- Latest Funding Round: Series B, Apr 08, 2026, $*****
- Highlight: Editors' Pick
Alphax Partners' Year-on-Year Investment Trends
Alphax Partners has invested in 22 companies over the last 9 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in D-Robotics and most recent follow-on round was in PPIO.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 1 | 1 | 2 |
2021 | 3 | 0 | 3 |
2020 | 1 | 1 | 2 |
2019 | 1 | 0 | 1 |
2018 | 4 | 1 | 5 |
2017 | 4 | 0 | 4 |
Alphax Partners' Investments by Stage
Alphax Partners has made 7 investments in Series A stage with an average round size of $26.1M, 4 investments in Seed stage with an average round size of $6.76M, 3 investments in Series C stage with an average round size of $79.9M and 1 investment in Series B stage with an average round size of $50M.Stage of entry | No. of Investments |
|---|---|
Series A | 7 |
Seed | 4 |
Series C | 3 |
Series B | 1 |
Note: We have considered here, only first round of investments
Alphax Partners' Investments by Sector
Alphax Partners has a diverse portfolio, with companies operating in the Consumer, High Tech, Industrial Goods and Manufacturing, Life Sciences and Media & Entertainment. Notably, it has invested in 16 Tech companies, 12 Enterprise (B2B) companies, 8 Consumer (B2C) companies and at least 7 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 4 |
High Tech | 4 |
Industrial Goods and Manufacturing | 2 |
Life Sciences | 2 |
Media & Entertainment | 2 |
Others | 14 |
Note: We have considered here, only first round of investments
Alphax Partners' Investments by Geography
Alphax Partners has made most investments in China (14), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
China | 14 |
United States | 1 |
Note: We have considered here, only first round of investments
Alphax Partners' recent investments
Alphax Partners has not made any investment in 2026 so far.Here are the most recent investments by Alphax Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 28, 2025 | China | Series A | 8618 | [+10] | |
Jun 28, 2022 | United States | Seed | 6483 | ||
May 31, 2022 | China | Series A | 3896 | [+4] | |
Dec 02, 2021 | China | Series A | 4372 | [+4] | |
Feb 05, 2021 | China | Series A | 4299 | - |
IPOs and Publicly Listed companies in Alphax Partners' Portfolio
3 of Alphax Partners' portfolio companies have become public. Beijing Yunji China Technology got listed on the Hong Kong Exchanges (HKG), in Oct 2025 at marketcap of $845M and Qi'anxin got listed on the Shanghai Stock Exchange (SSE) at marketcap of $15.6M.Here are Alphax Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 16, 2025 | Jan 18, 2021 | Series C | 1711 | |
Jul 24, 2020 | - | - | 4562 | |
Nov 23, 2018 | - | - | 1076 |
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Team profile of Alphax Partners
Alphax Partners has a team of 5 members including 4 Partners and 1 Principal located in China. Alphax Partners' team does not sit on the board of any company as of now.Here is a list of all team members in Alphax Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Chaoyang | - | ||
Partner | - | - | ||
Partner | Chaoyang | - | ||
Partner | - | - | ||
Principal | Chaoyang | - |
Co-investors of Alphax Partners
Over the past 9 years, 96 investors have co-invested in Alphax Partners's portfolio companies. This includes funds and angels.
- Invested before Alphax Partners: Everbright Zhongying Capital, Ctrip and 26 others have invested in rounds before Alphax Partners. There is 1 company where Everbright Zhongying Capital has invested before Alphax Partners and 1 company where Ctrip has invested before Alphax Partners.
- Top Co-investors of Alphax Partners: 34 investors entered a company along with Alphax Partners. These include investors like Lenovo Capital and Incubator Group (2 companies).
- Invested after Alphax Partners: A total of 34 investors have invested in Alphax Partners's portfolio after their investments. Top Investors include Shanghai Zhangjiang (1 company), Tencent (1 company) and Warburg Pincus (1 company).
Recent News related to Alphax Partners
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AIGC "Yanchuang AI" completes tens of millions of Pre-A round financingJinglingshuju•May 29, 2024•Chengdu Wanchuang Technology, Alphax Partners
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"Industrial Next" received tens of millions of dollars in Pre-A round financing36Kr•Jun 27, 2022•Industrial Next, Lenovo, com.cn, Lenovo Capital and Incubator Group and 4 others
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Qihoo B2B software spin-out raises $132mAsian Venture Capital Journal•Jan 09, 2019•Qihoo 360 Technology, Alphax Partners
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Chinese fintech start-up Blackfish gets $50mAsian Venture Capital Journal•Aug 23, 2018•Black Fish, Lightspeed Venture Partners, China Growth Capital, Rakuten Capital and 6 others
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Blackfish Technology Completes $50M Series A+ Financing RoundFinSMEs•Aug 23, 2018•Black Fish, Lightspeed Venture Partners, China Growth Capital, Rakuten Capital and 6 others
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Rakuten catches Black Fish in $50m roundGlobal Corporate Venturing•Aug 22, 2018•Xiaoheiyu Technology, Black Fish, Lightspeed Venture Partners, China Growth Capital and 7 others
