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About Fengyuan Capital
Fengyuan Capital is a venture capital firm founded in 2016. It is primarily based out of Shenzhen, China. As of Sep 2023, Fengyuan Capital has invested in 24 companies. It primarily invests in Series B 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 D round of Casstime Overall, Fengyuan Capital portfolio has seen 3 IPOs, namely Shenzhen Saiwei Network Technology, Qianfang Technology and Ozner Water International. A lot of funds co-invest with Fengyuan Capital, with names like BOE Technology Group sharing a substantial percentage of its portfolio. Fengyuan Capital has team of 4 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series C & 2 more
Portfolio IPOs
Portfolio Soonicorns
Fengyuan Capital's List of Top Investments
Fengyuan Capital has a portfolio of 24 companies. Their most notable investments are in DeepLeaper and Casstime.Their portfolio spans across China, United States, Germany and 1 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 13 other sectors, across stages such as Series B, Series C and 2 more. Here is the list of top investments by Fengyuan Capital:Provider of an IoT platform for smart home and device solutions. The platform supports multiple IoT systems within a unified user experience. It enables the creation or augmentation of connected solutions. The platform strengthens security and privacy while reducing potential risks. It allows for the development of differentiated products with enhancements.
Key facts about Ayla Networks
- Founded Year: 2010
- Location: Milpitas (United States)
- Stage: Series D
- Total Funding till date: $144M
- Employee Count: 147 as on Jul 31, 2026
- Investors: Black River Ventures, Rotating Boulder Fund and 20 Others
- Latest Funding Round: Series D, Dec 06, 2021, $*****
- Highlight: Editors' Pick
Online platform providing cross-border business payment solutions. The company offers a platform for users to manage digital remittance across the borders. It also helps in cross-border e-commerce payments for businesses.
Key facts about PingPong Payments
- Founded Year: 2015
- Location: London (United Kingdom)
- Stage: Series C
- Total Funding till date: $124M
- Employee Count: 608 as on Jul 31, 2026
- Investors: General Atlantic, Seeders and 11 Others
- Latest Funding Round: Series C, Sep 20, 2018, $*****
- Highlight: Editors' Pick
3. Casstime
Casstime is an online B2B marketplace for auto spare parts & accessories. The local auto repair shops can request quotes from various automobile spare suppliers & get competitive prices. It offers a SaaS-driven platform to both repair shops & auto parts dealers to manage their inventory.
Key facts about Casstime
- Founded Year: 2015
- Location: Shenzhen (China)
- Stage: Series D
- Total Funding till date: $292M
- Employee Count: 1,001 - 5,000 as on Jul 01, 2024
- Investors: Sequoia Capital, Greater Bay Area Homeland Investments and 13 Others
- Latest Funding Round: Series D, Sep 14, 2023, $*****
- Highlight: Editors' Pick
TINGYUN offers cloud-based performance monitoring solutions. TINGYUN App is a mobile APM solution. Applications having the TINGYUN App SDK capture end-user experience, discover crash, connection timeout, memory leak and other problems while using. Using these metrics, the solution provides alerts and an analysis portfolio (region, operators, accessing modes etc.). Also offers products to monitor the network (TINGYUN Network), server side applications (TINGYUN Server) and server performance monitoring (TINGYUN Sys).
Key facts about Keynote Tingyun
- Founded Year: 2007
- Location: Beijing (China)
- Stage: Series D
- Total Funding till date: $155M
- Employee Count: 105 as on Jul 31, 2026
- Investors: GF Securities, CICC and 9 Others
- Latest Funding Round: Series D, Jun 28, 2021, $*****
- Highlight: Editors' Pick
Provider of network marketing, ERP management, and supply chain management services. It operates as a national high-tech enterprise focused on meeting global consumer demand for high-quality, personalized fashion lifestyle products. The company sells a wide range of modern lifestyle goods including clothing accessories, sportswear, department store items, and home furnishings through major third-party e-commerce platforms. The company also offers logistics services to third parties leveraging its comprehensive cross-border warehousing and logistics network.
Key facts about Shenzhen Saiwei Network Technology
- Founded Year: 2012
- Location: Shenzhen (China)
- Stage: Public
- Employee Count: 242 as on Jul 31, 2026
- Investors: Midas Capital and Fengyuan Capital
- Highlight: Public
Fengyuan Capital's Year-on-Year Investment Trends
Fengyuan Capital has invested in 24 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Corage and most recent follow-on round was in Casstime.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 1 | 1 |
2022 | 2 | 0 | 2 |
2021 | 1 | 0 | 1 |
2020 | 0 | 1 | 1 |
2019 | 2 | 0 | 2 |
2018 | 1 | 0 | 1 |
2017 | 1 | 0 | 1 |
Fengyuan Capital's Investments by Stage
Fengyuan Capital has made 4 investments in Series B stage with an average round size of $28M, 2 investments in Series C stage with an average round size of $13.6M, 1 investment in Angel stage and 1 investment in Seed stage.Stage of entry | No. of Investments |
|---|---|
Series B | 4 |
Series C | 2 |
Angel | 1 |
Seed | 1 |
Note: We have considered here, only first round of investments
Fengyuan Capital's Investments by Sector
Fengyuan Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Auto, Auto Tech, Consumer and Enterprise Infrastructure. Notably, it has invested in 15 Tech companies, 13 Enterprise (B2B) companies, 11 Software companies and at least 8 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
Auto | 2 |
Auto Tech | 2 |
Consumer | 2 |
Enterprise Infrastructure | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
Fengyuan Capital's Investments by Geography
Fengyuan Capital has made most investments in China (6), followed by Germany where it has made 1 investment.Country | No. of Investments |
|---|---|
China | 6 |
Germany | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Fengyuan Capital's recent investments
Fengyuan Capital has not made any investment in 2026 so far.Here are the most recent investments by Fengyuan Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 14, 2023 | China | Series D | 4168 | [+2] | |
Aug 30, 2022 | China | Angel | 1749 | [+1] | |
Aug 17, 2022 | Germany | Seed | 4640 | ||
Sep 2021 | China | Series C | 2780 | ||
Dec 15, 2020 | China | Series C | 8610 | [+5] |
IPOs and Publicly Listed companies in Fengyuan Capital's Portfolio
3 of Fengyuan Capital's portfolio companies have become public. Shenzhen Saiwei Network Technology got listed on the Shenzhen Stock Exchange (SZSE), in Jul 2023 at marketcap of $1.14B and Ozner Water International got listed on the Hong Kong Exchanges (HKG) at marketcap of $10.6M.Here are Fengyuan Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 12, 2023 | - | - | 9414 | |
Jun 17, 2014 | - | - | 1267 | |
Mar 19, 2010 | - | - | 4828 |
Team profile of Fengyuan Capital
Fengyuan Capital has a team of 4 members including 4 Partners located in China. Fengyuan Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Fengyuan Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Shenzhen | - | ||
Partner | Shenzhen | - | ||
Partner | Shenzhen | - | ||
Partner | Shenzhen | - |
Co-investors of Fengyuan Capital
Over the past 10 years, 35 investors have co-invested in Fengyuan Capital's portfolio companies. This includes only funds.
- Invested before Fengyuan Capital: Shunwei Capital, Hua Partners and 12 others have invested in rounds before Fengyuan Capital. There is 1 company where Shunwei Capital has invested before Fengyuan Capital and 1 company where Hua Partners has invested before Fengyuan Capital.
- Top Co-investors of Fengyuan Capital: 11 investors entered a company along with Fengyuan Capital. These include investors like BOE Technology Group (1 company).
- Invested after Fengyuan Capital: A total of 10 investors have invested in Fengyuan Capital's portfolio after their investments. Top Investors include Vlight Capital (1 company), Shenzhen Gaoxintou Group (1 company) and Minxi Xinghang State-owned Assets Investment Management (1 company).
Recent News related to Fengyuan Capital
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"Kaisi" completed D2 and D3 rounds of financing worth 200 million yuan36Kr•Sep 14, 2023•Casstime, Fengyuan Capital, Vlight Capital, Shenzhen Gaoxintou Group and 1 other
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Tingyun completes 400 million yuan C round of financingPEdaily•Sep 07, 2020•China Capital Investment Group, Networkbench, Meihua Capital Partners, GF Securities and 2 others
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Mangrove Bay Capital Leads $36M Series B3 Round In Auto Parts E-commerce Platform CassTimeChina Money Network•Aug 23, 2018•Casstime, Fengyuan Capital, Fosun RZ Capital, Shunwei Capital and 4 others
