About Panda Capital
Panda Capital is a venture capital firm founded in 2015. It is primarily based out of Shanghai, China. As of Feb 2023, Panda Capital has invested in 44 companies. It primarily invests in Seed round in China based startups. Its investments are spread across a wide range of sectors from High Tech to Consumer and FinTech. Most recently it participated in the $***** Angel round of Blue Protein Overall, Panda Capital portfolio has seen 1 acquisition, namely Mobike. A lot of funds co-invest with Panda Capital, with names like Shima Capital sharing a substantial percentage of its portfolio. Panda Capital has team of 22 people including 11 partners.Panda Capital's List of Top Investments
Panda Capital has a portfolio of 44 companies. Their most notable investments are in Qinjia and Beijing Sui Tang Technology.Their portfolio spans across China, Singapore, Canada and 3 more locations. They have invested in High Tech, Consumer, FinTech and 25 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Panda Capital:Developer of industrial robots and solution provider. Its product portfolio includes spraying, thermal-powered boiler, grinding, recycling, wall cleaning, and wall-climbing robots. It caters to chemical, mining, energy, construction, marine, power, and transportation industries.
Key facts about RobotPlusPlus
- Founded Year: 2015
- Location: Beijing (China)
- Stage: Series C
- Total Funding till date: $22.9M
- Employee Count: 18 as on Sep 30, 2026
- Investors: Fosun, GigCapital and 16 Others
- Latest Funding Round: Series C, Jul 21, 2026, $*****
- Highlight: Editors' Pick
2. Mobike
MoBike is an app-based rental platform offering bicycles. The platform enables users to find a Mobike nearby on the map and rent bicycles through the mobile application. The bicycles can be tracked via GPS and the users are charged on the basis of distance driven. After the ride, the bicycle can be parked on the public parking spots, sliding the lock, and see the trip details pop up on the application.
Key facts about Mobike
- Founded Year: 2015
- Location: Beijing (China)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $925M
- Employee Count: 450 as on Aug 31, 2026
- Investors: Qualcomm Ventures, Foxconn Electronics and 32 Others
- Latest Funding Round: Series E, Dec 20, 2017, $*****
- Highlight: Acquired
3. Private AI
Developer of PII identification, de-identification, and data anonymization software. The company provides tools for identifying and redacting personally identifiable information from various data types. Its technology supports on-premise and cloud deployments. The company's solutions help organizations comply with privacy regulations.
Key facts about Private AI
- Founded Year: 2019
- Location: Toronto (Canada)
- Stage: Series A
- Total Funding till date: $11.3M
- Employee Count: 148 as on Aug 31, 2026
- Investors: Shasta Ventures, Intrepid Growth Partners and 10 Others
- Latest Funding Round: Series A, Nov 17, 2022, $*****
- Highlight: Editors' Pick
4. Atzuche
Atzuche is a P2P car rental platform. Car owners can earn money by renting out their vehicles to pre-screened customers. It also offers a 24 hour car pick-up service wherein after a user selects a car, its staff picks up the vehicle and delivers it at doorstep. The company has insured all cars rented via the platform via a partnership with China Pacific Insurance. As of Nov 2015, the company had presence across 12 Chinese cities with more than one million users. Claims that it has over 100,000 registered vehicles on its platform.
Key facts about Atzuche
- Founded Year: 2014
- Location: Shanghai (China)
- Stage: Series D
- Total Funding till date: $130M
- Investors: Ceyuan Ventures, Hearst and 9 Others
- Latest Funding Round: Series D, Dec 28, 2020, $*****
- Highlight: Editors' Pick
5. Coinweb
Blockchain-based application development platform for developers. It provides a Hyperlayer which is a layer 2 architecture that connects blockchains and is used to build solutions that span multiple blockchains, smart contracts, and trade and issue tokens that use multiple blockchains. It offers a Coin Name System which allows users to create usernames for hash addresses. It allows users to launch crypto and blockchain projects.
Key facts about Coinweb
- Founded Year: 2018
- Location: London (United Kingdom)
- Stage: Series A
- Total Funding till date: $7.65M
- Employee Count: 31 as on Jun 30, 2026
- Investors: KuCoin, GDA Investments and 17 Others
- Latest Funding Round: Series A, Feb 27, 2024, $*****
- Highlight: Editors' Pick
Panda Capital's Year-on-Year Investment Trends
Panda Capital has invested in 44 companies over the last 11 years, with an average of 3 new investments annually in the last 10 years. Its most recent first time investment was in Blue Protein and most recent follow-on round was in Shanghai Yingyou Network Technology.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 4 | 1 | 5 |
2021 | 10 | 2 | 12 |
2020 | 3 | 0 | 3 |
2019 | 4 | 0 | 4 |
2018 | 3 | 0 | 3 |
2017 | 2 | 2 | 4 |
Panda Capital's Investments by Stage
Panda Capital has made 15 investments in Seed stage with an average round size of $4.01M, 11 investments in Series A stage with an average round size of $3.93M, 3 investments in Angel stage with an average round size of $1.53M, 3 investments in Series C stage and 2 investments in Series B stage with an average round size of $12M.Stage of entry | No. of Investments |
|---|---|
Seed | 15 |
Series A | 11 |
Angel | 3 |
Series C | 3 |
Series B | 2 |
Note: We have considered here, only first round of investments
Panda Capital's Investments by Sector
Panda Capital has a diverse portfolio, with companies operating in the Consumer, High Tech, Retail, FinTech and Blockchain Technology. Notably, it has invested in 33 Tech companies, 22 Consumer (B2C) companies, 17 Enterprise (B2B) companies and at least 8 companies focusing on Marketplace.Sector | No. of Investments |
|---|---|
Consumer | 14 |
High Tech | 9 |
Retail | 9 |
FinTech | 7 |
Blockchain Technology | 5 |
Others | 51 |
Note: We have considered here, only first round of investments
Panda Capital's Investments by Geography
Panda Capital has made most investments in China (27), followed by Singapore where it has made 2 investments.Country | No. of Investments |
|---|---|
China | 27 |
Singapore | 2 |
Canada | 1 |
Costa Rica | 1 |
Netherlands | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Panda Capital's recent investments
Panda Capital has not made any investment in 2026 so far.Here are the most recent investments by Panda Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 14, 2023 | China | Angel | 5934 | - | |
Nov 17, 2022 | Canada | Series A | 4105 | [+5] | |
Jul 22, 2022 | China | Seed | 6787 | - | |
Jul 13, 2022 | China | Angel | 4163 | - | |
Apr 05, 2022 | China | Seed | 3892 |
Acquired companies in Panda Capital's Portfolio
1 company from Panda Capital's portfolio has been acquired. The most recent acquisition was Mobike in Apr 2018 by Meituan for $*****.Here are Panda Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 03, 2018 | Aug 19, 2016 | Series B | 2732 |
Team profile of Panda Capital
Panda Capital has a team of 22 members including 11 Partners and 1 Principal located in China. Panda Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Panda Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Xuhui | - | - | |
Partner | - | - | - | |
Partner | Jinzhong | - | - | |
Partner | China | - | - | |
Partner | - | - | - | |
Partner | Foshan | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - |
Co-investors of Panda Capital
Over the past 11 years, 122 investors have co-invested in Panda Capital's portfolio companies. This includes only funds.
- Invested before Panda Capital: Joy Capital, M12 and 11 others have invested in rounds before Panda Capital. There is 1 company where Joy Capital has invested before Panda Capital and 1 company where M12 has invested before Panda Capital.
- Top Co-investors of Panda Capital: 73 investors entered a company along with Panda Capital. These include investors like Shima Capital (3 companies).
- Invested after Panda Capital: A total of 36 investors have invested in Panda Capital's portfolio after their investments. Top Investors include Tencent (2 companies), Temasek (1 company) and Hillhouse (1 company).
Recent News related to Panda Capital
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Private AI secures $8M USD in funding to expand their "Privacy Layer for Software"CNW•Nov 17, 2022•Private AI, BDC, GIT1K, Panda Capital and 8 others
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Lanjiang Technology completes multi-million yuan angel + round of financing, and Panda Capital invests exclusivelySprout NewsSeed•Jul 13, 2022•Jiangsu Lanjiang Intelligent Technology, Panda Capital
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DTC nutrition brand "LemonBox" completes nearly 10 million US dollars in Series A financing36Kr•Oct 31, 2021•LemonBox, Panda Capital, Scrum Ventures, Partech Partners and 1 other
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Real-time online activity platform "Wowo" completed a Pre-A round of financing of over 10 million yuan, exclusively invested by Panda CapitalPencilNews•Sep 16, 2021•Wowo, CapitalPanda, Panda Capital
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Ukrainian startup raises $900,000 to create NFT-supporting fan engagement appsUkraine Digital News•Sep 16, 2021•Blocksport, Panda Capital, Aves Lair, CV VC
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Instant fish maw brand "Jizhan" received tens of millions of yuan in Pre-A round of financing, and its GMV exceeded 10 million in JunePEdaily•Aug 23, 2021•JD.com, Plum Ventures, Panda Capital, Inno Angel Fund and 1 other
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5 VC joint investment, new consumer brand "Chaotianmen Terminal" completed nearly 100 million yuan of Pre-A round of financingPencilNews•Aug 04, 2021•NetEase, Gaorong Capital, Panda Capital, Hong Hui Ventures Capital and 1 other
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Insurance service search engine "Baibaojun" received tens of millions of additional angel round financing36Kr•Jun 30, 2021•Panda Capital, Volcanics Venture
