About Lingfeng Capital
Lingfeng Capital is a venture capital firm founded in 2015. It is primarily based out of Chaoyang, China. As of Sep 2024, Lingfeng Capital has invested in 55 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 FinTech and High Tech. Most recently it participated in the $***** Series A round of HPC-AI Overall, Lingfeng Capital portfolio has seen 2 unicorns, 4 IPOs and 4 acquisitions including key companies like Archax, 4Paradigm and JD Finance. A lot of funds co-invest with Lingfeng Capital, with names like Archerman Capital sharing a substantial percentage of its portfolio. Lingfeng Capital has team of 21 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio IPOs
Portfolio Unicorns
Lingfeng Capital's List of Top Investments
Lingfeng Capital has a portfolio of 55 companies, including 2 unicorns. Their most notable investments are in HPC-AI and Zu Geliang.Their portfolio spans across China, United States, United Kingdom and 4 more locations. They have invested in Enterprise Applications, FinTech, High Tech, FinTech and 17 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Lingfeng Capital:
1. Archax
Provider of an online trading platform for cryptocurrency. It provides users with a company that offers multiple features for buying and selling of crypto via due diligence, custody application for fiat and crypto, and more. It offers trading of digital securities, digital issuance of crypto, custodian services for digital assets, and more.
Key facts about Archax
- Founded Year: 2018
- Location: London (United Kingdom)
- Annual Revenue: £1M - £10M as on Dec 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $40M
- Employee Count: 62 as on Aug 31, 2026
- Investors: CE Innovation Capital, Hudson Capital Group and 21 Others
- Latest Funding Round: Series A, Aug 18, 2025, $*****
- Highlight: Acquired
2. 4Paradigm
Provider of enterprise-level artificial intelligence solutions and machine learning platforms. The business delivers an AI operating system, AI app store, and AI application development platform. It offers services, including consulting, implementation, operation, and empowerment. The company provides intelligent search, recommendation, consumer data platform, and chatbot applications.
Key facts about 4Paradigm
- Founded Year: 2014
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $1.07B
- Employee Count: 302 as on Jul 31, 2026
- Investors: Goldman Sachs Investment Partners, Hopu Investments and 40 Others
- Latest Funding Round: Series D, Jan 22, 2021, $*****
- Highlight: Public
3. JD Finance
JD Finance provides an online platform for consumer and business loans. It provides loans such as personal loans, collateral-based loans, healthcare loans, gold loans, working capital loans, and more. It also provides solutions for crowdfunding, investment management, stocks, insurance, and more. It offers an app-based platform that is available on iOS devices.
Key facts about JD Finance
- Founded Year: 2013
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $1.01B
- Employee Count: 5,260 as on Apr 30, 2026
- Investors: RiverHead Capital, PAGODA and 13 Others
- Latest Funding Round: Series A, Jan 16, 2016, $*****
- Highlight: Public
SaaS-driven dealership management solutions for automotive dealerships. Its offering includes Dafengche: business management & ERP system for used car dealers, Maicheguanjia: marketing & management tools for new car dealerships, and Cheyipai: B2B car trading platform, as well as a range of business intelligence, reporting, digital retailing, and associated products.
Key facts about Automobile industry Internet platform Daxu
- Founded Year: 2012
- Location: Hangzhou (China)
- Stage: Public
- Total Funding till date: $578M
- Investors: CE Innovation Capital, CreditEase and 11 Others
- Latest Funding Round: Series D, Sep 03, 2018, $*****
- Highlight: Public
5. LeapXpert
LeapXpert is a Governed Communication Intelligence platform that enables enterprises to communicate with clients on their preferred messaging channels while capturing every conversation, applying AI-driven intelligence, and automating workflows. Trusted by hundreds of global enterprises across financial services, government, and the Fortune 500.
Key facts about LeapXpert
- Founded Year: 2017
- Location: New York City (United States)
- Stage: Series C
- Total Funding till date: $236M
- Employee Count: 189 as on Aug 31, 2026
- Investors: Sagard, Riverwood Capital and 11 Others
- Latest Funding Round: Series C, Jun 30, 2026, $*****
- Highlight: Editors' Pick
Lingfeng Capital's Year-on-Year Investment Trends
Lingfeng Capital has invested in 55 companies over the last 9 years, with an average of 3 new investments annually in the last 5 years. Its most recent first time investment was in HPC-AI and most recent follow-on round was in DataCanvas.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 3 | 1 | 4 |
2023 | 5 | 0 | 5 |
2022 | 6 | 0 | 6 |
2021 | 7 | 0 | 7 |
2020 | 2 | 2 | 4 |
2019 | 1 | 0 | 1 |
2018 | 5 | 1 | 6 |
2017 | 1 | 0 | 1 |
Lingfeng Capital's Investments by Stage
Lingfeng Capital has made 10 investments in Seed stage with an average round size of $5.67M, 9 investments in Series A stage with an average round size of $22.5M and 6 investments in Series B stage with an average round size of $37.3M.Stage of entry | No. of Investments |
|---|---|
Seed | 10 |
Series A | 9 |
Series B | 6 |
Series C | 3 |
Series D | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Lingfeng Capital's Investments by Sector
Lingfeng Capital has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, High Tech, Blockchain Technology and Blockchain - Industry Applications. Notably, it has invested in 51 Tech companies, 38 Enterprise (B2B) companies, 30 Software companies and at least 22 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 17 |
FinTech | 16 |
High Tech | 11 |
Blockchain Technology | 10 |
Blockchain - Industry Applications | 8 |
Others | 26 |
Note: We have considered here, only first round of investments
Lingfeng Capital's Investments by Geography
Lingfeng Capital has made most investments in China (17), followed by United States where it has made 6 investments.Country | No. of Investments |
|---|---|
China | 17 |
United States | 6 |
United Kingdom | 3 |
Singapore | 2 |
Spain | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Lingfeng Capital's recent investments
Lingfeng Capital has not made any investment in 2026 so far.Here are the most recent investments by Lingfeng Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 30, 2024 | China | Series A | 2646 | [+4] | |
Sep 21, 2024 | United States | Series B | 3032 | ||
Sep 18, 2024 | Singapore | Seed | 1486 | [+8] | |
Jan 10, 2024 | China | Series D | 5632 | [+3] | |
Aug 16, 2023 | United States | Series B | 5862 | [+10] |
Unicorns in Lingfeng Capital's Portfolio
Lingfeng Capital has 2 unicorns in its portfolio - Souche and 51 Credit Card. The most recent unicorn in their portfolio is Souche. It became a unicorn in 2017.Here is a list of unicorns in Lingfeng Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
52 | O2O-based used car transaction platform | 2012 | Hangzhou | Series F | zcsnxrx | ||
49 | Credit card bill management tool for consumers | 2012 | Hangzhou | Series C | otpejfj |
IPOs and Publicly Listed companies in Lingfeng Capital's Portfolio
4 of Lingfeng Capital's portfolio companies have become public. Automobile industry Internet platform Daxu got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2026 at marketcap of $570M and 4Paradigm got listed on the Hong Kong Exchanges (HKG) at marketcap of $3.3B.Here are Lingfeng Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 25, 2026 | Sep 03, 2018 | Series D | 4225 | |
Sep 28, 2023 | - | - | 8662 | |
Jan 25, 2023 | - | - | 6977 | |
May 22, 2014 | - | - | 7702 |
Acquired companies in Lingfeng Capital's Portfolio
4 companies from Lingfeng Capital's portfolio have been acquired. The most recent acquisition was Abaka in Jan 2024 by ieDigital for $*****.Here are Lingfeng Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 25, 2024 | Sep 22, 2021 | Series A | 6000 | |
Aug 12, 2022 | Aug 12, 2022 | Series A | 6716 | |
Mar 15, 2022 | Dec 21, 2020 | Seed | 7433 | |
Feb 17, 2021 | - | - | 9857 |
Team profile of Lingfeng Capital
Lingfeng Capital has a team of 21 members including 5 Partners, 3 Venture Partners and 1 Principal located in China. Lingfeng Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Lingfeng Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Beijing | - | - | |
Partner | - | - | ||
Partner | - | - | ||
Partner | - | - | ||
Partner | - | - | ||
Venture Partner | - | - | ||
Venture Partner | - | - | ||
Venture Partner | - | - | ||
Principal | - | - |
Co-investors of Lingfeng Capital
Over the past 9 years, 225 investors have co-invested in Lingfeng Capital's portfolio companies. This includes funds and angels.
- Invested before Lingfeng Capital: Zhen Fund, Sequoia Capital China and 64 others have invested in rounds before Lingfeng Capital. There are 2 companies where Zhen Fund has invested before Lingfeng Capital and 2 companies where Sequoia Capital China has invested before Lingfeng Capital.
- Top Co-investors of Lingfeng Capital: 114 investors entered a company along with Lingfeng Capital. These include investors like Archerman Capital (3 companies).
- Invested after Lingfeng Capital: A total of 45 investors have invested in Lingfeng Capital's portfolio after their investments. Top Investors include Stellar (1 company), Rockefeller Capital Management (1 company) and Uncorrelated Ventures (1 company).
Recent News related to Lingfeng Capital
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Lingfeng Capital Launches Tokenized Digital Venture Fund with Archax & LSEG SupportCrowdfund Insider•Jan 16, 2026•Lingfeng Capital
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HPC-AI Tech Secures $50 Million in Series A Funding to Enhance Video Generation AI and GPU PlatformsBusiness Wire•Sep 30, 2024•HPC-AI, Singtel Innov8, Sinovation Ventures, Capstone and 7 others
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MenuSifu Completes US$40 Million Series B FinancingEastmoney•Sep 22, 2024•Menusifu, Challenjers Venture Capital, Enlight Growth Partners, Lingfeng Capital and 2 others
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Today, Web3 social sim with Gen AI NPCs, raises $5M seed roundTechio•Apr 05, 2024•Collab+Currency, LIF, Compute Ventures, Builder Capital and 10 others
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ZetaChain Raises $27M To Forge The Future Of Interoperable Blockchain InnovationCoincu Financial Group•Aug 16, 2023•ZetaChain, Blockchain, Human Capital, Vy Capital and 10 others
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Sending Labs Secures $12.5M to Launch the Web3 Communications StackBusiness Wire•Feb 21, 2023•Insignia Ventures Partners, Mindworks Capital, Signum Capital, K3 and 8 others
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Web3 Communication Stack Sending Labs Raises $12.5MCoinDesk•Feb 16, 2023•Sending.Me, Insignia Ventures Partners, Mindworks Capital, Signum Capital and 4 others
