About Dening Capital
Dening Capital is a venture capital firm located in Shanghai, China. As of Jul 2026, Dening Capital is an active investor, having invested in 4 companies, with 1 new investment in the last 12 months. It primarily invests in Angel round in China based startups. Its investments are spread across a wide range of sectors from EdTech to High Tech and Semiconductors. Most recently it participated in the $***** Seed round of Futuring A lot of funds co-invest with Dening Capital, with names like Source Code Capital sharing a substantial percentage of its portfolio.Key Metrics
Dening Capital's List of All Investments
Dening Capital has a portfolio of 4 companies. Their most notable investments are in Beijing Heqi Juli Education Group and ModuTech Technology.Their portfolio spans across and China. They have invested in EdTech, High Tech, Semiconductors and 1 other sectors, across stages such as Angel, Seed and 2 more. Here is the list of all investments by Dening Capital:Key facts about Zhejiang Konghui Automobile Technology
- Founded Year: 2018
- Location: Huzhou (China)
- Stage: Series C
- Total Funding till date: $113M
- Investors: CMB International Capital, Shenzhen Capital Group and 13 Others
- Latest Funding Round: Series C, Sep 22, 2023, $*****
2. Futuring
Provider of general-purpose embodied AI robots designed to perform household tasks. It is designed for multi-task home automation, including cleaning, household organization, and assistance tasks across diverse domestic environments. It is trained on large-scale real-home datasets and focuses on long-horizon task execution in complex household scenarios.
Key facts about Futuring
- Founded Year: 2022
- Location: China
- Stage: Seed
- Total Funding till date: $143M
- Investors: ByteDance, Boyu Capital and 7 Others
- Latest Funding Round: Seed, Jul 24, 2026, $*****
Online platform providing solutions to manage college entrance examinations. It provides professional education technology, academic improvement, teacher training, school hardware, college entrance examination, and many more.
Key facts about Beijing Heqi Juli Education Group
- Founded Year: 2013
- Location: Dongcheng (China)
- Stage: Series C
- Investors: SBI Investment, Shunwei Capital and 6 Others
- Latest Funding Round: Series C, Aug 24, 2023, $*****
- Highlight: Editors' Pick
Developer of multimodal tactile sensing technology and tactile model applications. The company provides sensing solutions covering multiple principles and various scenarios. It offers pressure distribution testing systems, flexible fabric sensors, and robot tactile sensor modules. These products enable precise perception for applications including consumer electronics, rehabilitation, medical equipment, and intelligent manufacturing.
Key facts about ModuTech Technology
- Founded Year: 2024
- Location: Shenzhen (China)
- Stage: Seed
- Investors: Dening Capital
- Latest Funding Round: Angel, Jul 08, 2025, $*****
Dening Capital's Year-on-Year Investment Trends
Dening Capital has invested in 4 companies over the last 4 years, with an average of 1 new investment annually in the last 3 years. In 2025, it made 1 investment, while as of Jul 2026, it has made 1 investment in this year. Its most recent first time investment was in Futuring.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 1 | 0 | 1 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
Dening Capital's Investments by Stage
Dening Capital has made 1 investment in Angel stage, 1 investment in Seed stage, 1 investment in Series B stage with an average round size of $72.4M and 1 investment in Series C stage.Stage of entry | No. of Investments |
|---|---|
Angel | 1 |
Seed | 1 |
Series B | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
Dening Capital's Investments by Sector
Dening Capital has a diverse portfolio, with companies operating in the EdTech, High Tech, Industrial Goods and Manufacturing and Semiconductors. Notably, it has invested in 3 Tech companies, 3 Tech hardware companies, 2 Consumer (B2C) companies and at least 2 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
EdTech | 1 |
High Tech | 1 |
Industrial Goods and Manufacturing | 1 |
Semiconductors | 1 |
Note: We have considered here, only first round of investments
Dening Capital's Investments by Geography
Dening Capital has made most investments in China (4).Dening Capital's recent investments
Dening Capital has made 1 investments in 2026 so far - Futuring.Here are the most recent investments by Dening Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 24, 2026 | China | Seed | 6033 | [+6] | |
Jul 08, 2025 | China | Angel | 3936 | - | |
Aug 24, 2023 | China | Series C | 6314 | ||
Nov 14, 2022 | China | Series B | 3977 | [+6] |
Co-investors of Dening Capital
Over the past 4 years, 27 investors have co-invested in Dening Capital's portfolio companies. This includes only funds.
- Invested before Dening Capital: Legend Star, Xiaomi and 8 others have invested in rounds before Dening Capital. There is 1 company where Legend Star has invested before Dening Capital and 1 company where Xiaomi has invested before Dening Capital.
- Top Co-investors of Dening Capital: 12 investors entered a company along with Dening Capital. These include investors like Source Code Capital (1 company).
- Invested after Dening Capital: A total of 5 investors have invested in Dening Capital's portfolio after their investments. Top Investors include CMB International Capital (1 company), CGN Capital Holdings (1 company) and Chendao Capital (1 company).
