About Rushan Capital
Rushan Capital is a venture capital firm founded in 2007. It is primarily based out of Hangzhou, China. As of Jul 2022, Rushan Capital has invested in 81 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 High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Series B round of Digena Overall, Rushan Capital portfolio has seen 2 IPOs and 1 acquisition, namely 7Road.com, Zhejiang Laifu Harmonic Transmission and Zhengzhou Coal Mining Machinery. A lot of funds co-invest with Rushan Capital, with names like DunAn Holding Group sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 4 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Rushan Capital's List of Top Investments
Rushan Capital has a portfolio of 81 companies. Their most notable investments are in Scantech and Great Power Energy &Technology.Their portfolio spans across and China. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 25 other sectors, across stages such as Series A, Seed and 4 more. Here is the list of top investments by Rushan Capital:1. ObEN
Oben (formerly Nookster) creates a 3D virtual avatar of a user with a selfie and short voice recording using AI. The interface built finds application in immersive VR experiences, AR and IoT as it enables connected devices. Enables users to create their own personal avatar twin and allows VR reality gamers to create virtual copies of celebrities that can interact with fans. Incubated at HTC's Vive X. Has investment from IdeaLab and private angel investors.
Key facts about ObEN
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Manufacturer of lithium batteries and energy storage systems. The platform provides lithium batteries and energy storage systems for electronic gadgets, data centres, e-vehicles, and commercial buildings. Products portfolio includes lithium, nickel metal hydride, and zinc air batteries and power banks, 50-100 Ah lithium batteries for telecom centers, 2.9-11.5 kiloWatt-hour energy storage systems to domestic buildings, portable power storage systems, 76.8-576 Volt, 16.3-302 kilowatt-hour e-vehicle batteries.
Key facts about Great Power Energy &Technology
- Founded Year: 2001
- Location: Guangzhou (China)
- Stage: Series A
- Employee Count: 159 as on Jul 01, 2024
- Investors: Fortune Capital and Rushan Capital
- Latest Funding Round: Series A, 2010, $*****
3. Chunyu
Chunyu is a provider of an online doctor consultation platform. It allows users to search for doctors and can book an appointment with them for their treatment. Users can book services for multiple diseases. Users can also search for hospitals, path labs, and others.
Key facts about Chunyu
- Founded Year: 2011
- Location: Beijing (China)
- Stage: Series E
- Total Funding till date: $244M
- Employee Count: 83 as on Jul 31, 2026
- Investors: ICH, Pavilion Capital Partners and 8 Others
- Latest Funding Round: Series E, Sep 10, 2020, $*****
- Highlight: Editors' Pick
4. Turing Robot
Provider of low-code chatbot development platform for enterprises. It offers a cloud-enabled chatbot development platform to build custom chatbots for multiple applications. Its features include a chat database, Q&A knowledge base, and AI models. It is applicable for customer services, social media marketing, lead generation, and voice assistance.
Key facts about Turing Robot
- Founded Year: 2010
- Location: Haidian (China)
- Stage: Series B
- Total Funding till date: $53M
- Employee Count: 14 as on May 31, 2026
- Investors: Shenzhen Qianhai Wutong M&A Investment Fund Management, Rushan Capital and 6 Others
- Latest Funding Round: Series B, Aug 04, 2023, $*****
- Highlight: Editors' Pick
5. 7Road.com
7road is a web game developer headquartered in Shenzhen. Its main products are "Bouncing Church", "The Divine Comedy", "Kyushu Sky City", "Dream Dragon", "King Summoned", "Jianying" etc.
Key facts about 7Road.com
- Founded Year: 2008
- Location: Shenzhen (China)
- Stage: Acquired
- Employee Count: 54 as on Jul 31, 2026
- Investors: Rushan Capital, Green Pine Capital Partners and 2 Others
- Latest Funding Round: Series A, Sep 29, 2018, $*****
- Highlight: Acquired
Rushan Capital's Year-on-Year Investment Trends
Rushan Capital has invested in 81 companies over the last 18 years, with an average of 2 new investments annually in the last 10 years. Its most recent first time investment was in Digena and most recent follow-on round was in ObEN.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 2 | 0 | 2 |
2021 | 0 | 0 | 0 |
2020 | 1 | 0 | 1 |
2019 | 0 | 0 | 0 |
2018 | 3 | 1 | 4 |
2017 | 8 | 1 | 9 |
Rushan Capital's Investments by Stage
Rushan Capital has made 18 investments in Series A stage with an average round size of $6.8M, 17 investments in Seed stage with an average round size of $4.68M and 3 investments in PE stage.Stage of entry | No. of Investments |
|---|---|
Series A | 18 |
Seed | 17 |
PE | 3 |
Series B | 3 |
Series C | 2 |
Others | 1 |
Note: We have considered here, only first round of investments
Rushan Capital's Investments by Sector
Rushan Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, High Tech, Auto Tech and Gaming. Notably, it has invested in 39 Tech companies, 37 Enterprise (B2B) companies, 21 Software companies and at least 13 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Enterprise Applications | 10 |
Enterprise Infrastructure | 6 |
High Tech | 6 |
Auto Tech | 4 |
Gaming | 3 |
Others | 31 |
Note: We have considered here, only first round of investments
Rushan Capital's Investments by Geography
Rushan Capital has made most investments in China (42), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
China | 42 |
United States | 1 |
Note: We have considered here, only first round of investments
Rushan Capital's recent investments
Rushan Capital has not made any investment in 2026 so far.Here are the most recent investments by Rushan Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 06, 2022 | China | Series B | 4103 | [+1] | |
Jul 01, 2022 | China | Series A | 6112 | [+1] | |
Jun 28, 2020 | China | Series B | 5284 | ||
Sep 29, 2018 | China | Series A | 2005 | ||
Jul 2018 | China | Series B | 6408 | - |
IPOs and Publicly Listed companies in Rushan Capital's Portfolio
2 of Rushan Capital's portfolio companies have become public. Zhejiang Laifu Harmonic Transmission got listed on the Hong Kong Exchanges (HKG), in Jun 2026 at marketcap of $1.13B and Zhengzhou Coal Mining Machinery got listed on the Hong Kong Exchanges (HKG) at marketcap of $60.7M.Here are Rushan Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 30, 2026 | 2016 | Seed | 2626 | |
Dec 05, 2012 | 2008 | Series A | 4715 |
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Acquired companies in Rushan Capital's Portfolio
1 company from Rushan Capital's portfolio has been acquired. The most recent acquisition was 7Road.com in Apr 2011 by ChangYou for $*****.Here are Rushan Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 25, 2011 | Sep 29, 2018 | Series A | 8381 |
Co-investors of Rushan Capital
Over the past 18 years, 64 investors have co-invested in Rushan Capital's portfolio companies. This includes funds and angels.
- Invested before Rushan Capital: BlueRun Ventures, BAI Capital and 3 others have invested in rounds before Rushan Capital. There is 1 company where BlueRun Ventures has invested before Rushan Capital and 1 company where BAI Capital has invested before Rushan Capital.
- Top Co-investors of Rushan Capital: 16 investors entered a company along with Rushan Capital. These include investors like DunAn Holding Group (1 company).
- Invested after Rushan Capital: A total of 43 investors have invested in Rushan Capital's portfolio after their investments. Top Investors include RushanVC (3 companies), K11 (1 company) and Tencent (1 company).
Recent News related to Rushan Capital
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ObEN Raises $10 Million from K11 to Bring Immersive AI Experiences to Retail and HospitalityBusiness Wire•Jan 09, 2018•Oben, ObEN, K11, Tencent and 3 others
