About Meituan Dragon Ball Capital
Meituan Dragon Ball Capital is a venture capital firm As of Mar 2026, Meituan Dragon Ball Capital is an active investor, having invested in 8 companies, with 4 new investments in the last 12 months. It primarily invests in Series B round in China based startups. Its investments are spread across a wide range of sectors from High Tech to Industrial Goods and Manufacturing and Consumer. Most recently it participated in the $***** Series B round of D-Robotics A lot of funds co-invest with Meituan Dragon Ball Capital, with names like BAIC Group Industrial Investment sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Rounds of Entry
Series B, Series A & 1 more
Portfolio Soonicorns
Deals in last 12 months
Meituan Dragon Ball Capital's List of Top Investments
Meituan Dragon Ball Capital has a portfolio of 8 companies. Their most notable investments include Looki and Hypershell.Their portfolio spans across China and Canada. They have invested in High Tech, Industrial Goods and Manufacturing, Consumer and 4 other sectors, across stages such as Series B, Series A and 1 more. Here is the list of top investments by Meituan Dragon Ball Capital:1. Looki
Developer of multimodal personal AI wearable device for self-insight. The device records daily activities and provides personalized feedback. It analyzes recorded data to offer insights related to habits and behaviors.The wearable uses multimodal AI to analyze information and provide personalized responses.
Key facts about Looki
- Founded Year: 2024
- Location: Toronto (Canada)
- Stage: Series A
- Total Funding till date: $20M
- Employee Count: 16 as on Jan 31, 2026
- Investors: BAI Capital, Walden International and 3 Others
- Latest Funding Round: Series A, Jan 05, 2026, $*****
2. Hypershell
Manufacturer of AI-powered wearable exoskeletons for mobility enhancement. It provides advanced wearable robotics featuring adaptive AI-driven systems that amplify human strength and endurance in recreational hiking, industrial tasks, and physical therapy. It produces portable shoulder/back assist devices with extended battery life and natural motion integration to boost performance across diverse applications.
Key facts about Hypershell
- Founded Year: 2024
- Location: Shanghai (China)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $70M
- Investors: Source Code Capital, Vitalbridge and 2 Others
- Latest Funding Round: Series B, Nov 27, 2025, $*****
3. Galaxea AI
Provider of AI-powered robotics solutions for manufacturing environments. It is a developer and manufacturer of embodied intelligent robots and foundational AI models designed for versatile automation and intelligent systems. It focuses on full-stack development, from core hardware modules and robot embodiments to data, end-to-end models, and real-world solutions, aiming to advance universal embodied intelligence.
Key facts about Galaxea AI
- Founded Year: 2023
- Location: Beijing (China)
- Stage: Series B
- Total Funding till date: $434M
- Investors: Cathay Capital, Hillhouse and 18 Others
- Latest Funding Round: Series B, Apr 04, 2026, $*****
- Highlight: Editors' Pick
4. 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
- 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
The company works on the basis of the core technology of collaborative robots. They provide reliable robot products and system solutions along with the customization required by the customers. These robots are used in 3C, Cars, Food, medicines, Logistic, and manufacturing.
Key facts about Faaoyiwei Robot System
- Founded Year: 2019
- Location: Suzhou (China)
- Stage: Series B
- Total Funding till date: $50M
- Employee Count: 7 as on Feb 28, 2026
- Investors: Alibaba Group, Source Code Capital and 4 Others
- Latest Funding Round: Series B, Mar 09, 2022, $*****
- Highlight: Editors' Pick
Meituan Dragon Ball Capital's Year-on-Year Investment Trends
Meituan Dragon Ball Capital has invested in 8 companies over the last 5 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 1 investment, while as of Mar 2026, it has made 3 investments in this year. Its most recent first time investment was in D-Robotics.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 0 | 3 |
2025 | 1 | 0 | 1 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
2021 | 2 | 0 | 2 |
Meituan Dragon Ball Capital's Investments by Stage
Meituan Dragon Ball Capital has made 5 investments in Series B stage with an average round size of $96.2M, 2 investments in Series A stage with an average round size of $20M and 1 investment in Series E stage.Stage of entry | No. of Investments |
|---|---|
Series B | 5 |
Series A | 2 |
Series E | 1 |
Note: We have considered here, only first round of investments
Meituan Dragon Ball Capital's Investments by Sector
Meituan Dragon Ball Capital has a diverse portfolio, with companies operating in the High Tech, Industrial Goods and Manufacturing, Consumer, Robotics - Industry Applications and Semiconductors. Notably, it has invested in 5 Tech companies, 5 Tech hardware companies, 4 Enterprise (B2B) companies and at least 3 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
High Tech | 4 |
Industrial Goods and Manufacturing | 3 |
Consumer | 2 |
Robotics - Industry Applications | 2 |
Semiconductors | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
Meituan Dragon Ball Capital's Investments by Geography
Meituan Dragon Ball Capital has made most investments in China (7), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
China | 7 |
Canada | 1 |
Note: We have considered here, only first round of investments
Meituan Dragon Ball Capital's recent investments
Meituan Dragon Ball Capital has made 3 investments in 2026 so far. D-Robotics and Galaxea AI are the latest among them.Here are the most recent investments by Meituan Dragon Ball Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 16, 2026 | China | Series B | 1579 | [+18] | |
Feb 13, 2026 | China | Series B | 2796 | ||
Jan 05, 2026 | Canada | Series A | 7370 | [+3] | |
Nov 27, 2025 | China | Series B | 1597 | [+1] | |
Jul 12, 2023 | China | Series A | 4579 |
Co-investors of Meituan Dragon Ball Capital
Over the past 5 years, 66 investors have co-invested in Meituan Dragon Ball Capital's portfolio companies. This includes only funds.
- Invested before Meituan Dragon Ball Capital: Hillhouse, Bell Capital and 25 others have invested in rounds before Meituan Dragon Ball Capital. There are 2 companies where Hillhouse has invested before Meituan Dragon Ball Capital and 2 companies where Bell Capital has invested before Meituan Dragon Ball Capital.
- Top Co-investors of Meituan Dragon Ball Capital: 36 investors entered a company along with Meituan Dragon Ball Capital. These include investors like BAIC Group Industrial Investment (2 companies).
- Invested after Meituan Dragon Ball Capital: A total of 3 investors have invested in Meituan Dragon Ball Capital's portfolio after their investments. Top Investors include Prosperity7 Ventures (1 company), Envision Energy (1 company) and Yunfeng Capital (1 company).
