About Lighting Capital
Lighting Capital is a venture capital firm It primarily invests in China based startups. Its investments are spread across a wide range of sectors from High Tech to Blockchain Technology and Consumer. Overall, Lighting Capital portfolio has seen 2 unicorns and 2 IPOs including key companies like The Sandbox, Xunlei and DeepGlint.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Unicorns
Portfolio Soonicorns
Lighting Capital's List of Top Investments
Lighting Capital has a portfolio of 11 companies, including 2 unicorns. Their most notable investments include The Sandbox and Xunlei.Their portfolio spans across China and Romania. They have invested in High Tech, Blockchain Technology, Consumer and 9 other sectors. Here is the list of top investments by Lighting Capital:
1. The Sandbox
Online platform offering a user-generated metaverse with blockchain games for creative and immersive gaming experiences. It allows users to create and monetize their NFTs in a blockchain-based environment. The Sandbox platform combines elements of creativity, exploration, and gameplay in a sandbox setting, providing users with a degree of freedom to interact creatively and build their own virtual worlds.
Key facts about The Sandbox
- Founded Year: 2018
- Location: Hong Kong (China)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $115M
- Employee Count: 221 as on May 31, 2026
- Investors: Sound Ventures, Orthogonal Thinker and 47 Others
- Latest Funding Round: Series B, Jun 06, 2024, $*****
- Highlight: Editors' Pick
2. Xunlei
Content distribution and delivery network. Provides cloud acceleration technologies and products to provide users with capacity entertainment data transmission based cloud computing services to help users quickly obtain digital content on multiple terminals. It also offers advertising services and platform to the advertisers using pay per view services. It also develops intelligent routers.
Key facts about Xunlei
- Founded Year: 2003
- Location: Shanghai (China)
- Stage: Public
- Total Funding till date: $340M
- Employee Count: 264 as on May 31, 2026
- Investors: State Street, Morningside and 8 Others
- Latest Funding Round: Series D, Apr 2014, $*****
- Highlight: Public
3. DeepGlint
Deep Glint is a computer vision startup providing 3D image analysis and pattern recognition technologies which can be used for surveillance, traffic control, and retail customer analysis. They provide automatic human behavior and trajectory analysis solutions to banks and shopping centers.
Key facts about DeepGlint
- Founded Year: 2013
- Location: Haidian (China)
- Stage: Public
- Total Funding till date: $5M
- Employee Count: 75 as on May 31, 2026
- Investors: blogtuntun.xyz, Lighting Capital and 9 Others
- Latest Funding Round: Series A, Mar 13, 2019, $*****
- Highlight: Public
4. Medlinker
Medlinker is a Chinese social networking mobile app for doctors that allows certified healthcare professionals to interact with each other. Doctors can share knowledge, experience, and insights. Functionality includes a medical quiz.
Key facts about Medlinker
- Founded Year: 2014
- Location: Chengdu (China)
- Stage: Series E
- Total Funding till date: $842M
- Employee Count: 196 as on May 31, 2026
- Investors: Sino Biopharmaceutical, Yunfeng Capital and 12 Others
- Latest Funding Round: Series E, Dec 13, 2021, $*****
- Highlight: Editors' Pick
5. XiaChuFang
XiaChuFang started off as an online recipe-sharing community. It carries a wide selection of recipes, from what user can cook. When users decide on what they want to make, it shows a picture of the end product, along with the ratings and the number of people that have made the dish before. It also tells the ingredients required as well as the step-by-step instructions. It leveraged on its community and has expanded into an e-commerce platform that sells cooking supplies and food items through its mobile app. Users get on the app to find a new recipe they’d like to try, and then they can order ingredients or utensils they may not have on their shelves right from the same app. Xiachufang has brought in more than a hundred different sellers offering a variety of foods and food-related products. Participation of JD (China's leading eCommerce player) in Xiachufang’s round will also lead to collaboration between the two players and enhance eCommerce strengths of the company.
Key facts about XiaChuFang
- Founded Year: 2011
- Location: Beijing (China)
- Stage: Series B
- Total Funding till date: $30M
- Investors: blogtuntun.xyz, Lighting Capital and 7 Others
- Latest Funding Round: Series B, Jan 22, 2019, $*****
Unicorns in Lighting Capital's Portfolio
Lighting Capital has 2 unicorns in its portfolio - The Sandbox and Medlinker. The most recent unicorn in their portfolio is The Sandbox. It became a unicorn in 2024, 2 years before Lighting Capital first invested in it.Here is a list of unicorns in Lighting Capital's portfolio:
Filter this listTracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
72 | Online platform offering a user-generated metaverse with blockchain games for creative and immersive gaming experiences | 2018 | Hong Kong | Series B | yishidn | ||
50 | Social networking app for doctors and healthcare professionals | 2014 | Chengdu | Series E | flfs{la |
IPOs and Publicly Listed companies in Lighting Capital's Portfolio
2 of Lighting Capital's portfolio companies have become public. DeepGlint got listed on the Shanghai Stock Exchange (SSE), in Mar 2022 at marketcap of $15.3M and Xunlei got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $766M.Here are Lighting Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 17, 2022 | - | - | 3257 | |
Jun 27, 2014 | - | - | 9928 |
