About Youshan Capital
Youshan Capital is a venture capital firm founded in 2019. It is primarily based out of Chaoyang, China. As of May 2026, Youshan Capital is an active investor, having invested in 20 companies, with 2 new investments in the last 12 months. It primarily invests in Series A round in China based startups. Its investments are spread across a wide range of sectors from High Tech to Life Sciences and Blockchain Technology. Most recently it participated in the $***** Series A round of Ease Future Overall, Youshan Capital portfolio has seen 1 unicorn, 2 IPOs and 1 acquisition including key companies like Meituan, Qihoo 360 Technology and Innogen Pharmaceutical Technology. A lot of funds co-invest with Youshan Capital, with names like Cowin Capital sharing a substantial percentage of its portfolio. Youshan Capital has team of 6 people including 6 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 3 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Youshan Capital's List of Top Investments
Youshan Capital has a portfolio of 20 companies, one of which is a Unicorn. Their most notable investments are in Dyness and Innogen Pharmaceutical Technology.Their portfolio spans across and China. They have invested in High Tech, Life Sciences, Blockchain Technology and 17 other sectors, across stages such as Series A, Series B and 3 more. Here is the list of top investments by Youshan Capital:
1. Meituan
Online group-buying platform offering coupons for multi-category products and services. It offers coupon codes for food ordering, restaurants, dining booking, tickets, entertainment, corporate travel booking, domestic services, and more.
Key facts about Meituan
- Founded Year: 2010
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $9.86B
- Employee Count: 41,584 as on Jul 31, 2026
- Investors: Brookside Equity Partners, GIC and 49 Others
- Latest Funding Round: Series F, Sep 01, 2018, $*****
- Highlight: Public
2. DJI
Manufacturer of camera drones handheld stabilizers and intelligent agricultural equipment. Products include aerial photography platforms, gimbal systems for video production, and automated machinery for crop management. The business provides hardware for transportation, delivery, and professional filmmaking. Support services include maintenance programs and technical assistance for hardware operation.
Key facts about DJI
Qihoo 360 is a provider of managed security services and antivirus. The features of the product include ransomware prevention, vulnerability assessment, cloud security, infrastructure vulnerability analysis, device protection, etc.
Key facts about Qihoo 360 Technology
- Founded Year: 2005
- Location: Chaoyang (China)
- Last Known Valuation: $*****
- Stage: Acquired
- Employee Count: 3,093 as on Jul 31, 2026
- Investors: Khula Lula, RiverHead Capital and 24 Others
- Latest Funding Round: Post IPO, Nov 28, 2018, $*****
- Highlight: Acquired
Developer of humanoid robots, bionic robot heads, and robotic control systems. The company focuses on general-purpose artificial intelligence, robot bionics, and embodied operating systems. It manufactures full-size, high-performance robots suitable for industrial collaboration. Product offerings include high-dexterity bionic robot heads designed for immersive interaction.
Key facts about Noetixrobotics
- Founded Year: 2023
- Location: Beijing (China)
- Stage: Series B
- Total Funding till date: $146M
- Investors: GP Capital, China Capital Investment Group and 9 Others
- Latest Funding Round: Series B, Mar 02, 2026, $*****
- Highlight: Editors' Pick
5. LaiYe
AI powered automation and work execution system management platform. The robotic process automation solution, which is based on a bot platform, enables computers to mimic human functions and carry out activities automatically by predetermined guidelines, such as processing emails and documents. The platform provides deployment choices, including SaaS, private cloud, and on premise. The solutions comprise many components, including building tools, task execution and management, team collaboration, and discovery search engines. Additionally, it provides integrated RPA and AI solutions for a range of industries, including government, banking, e-commerce, manufacturing, and finance.
Key facts about LaiYe
- Founded Year: 2015
- Location: Haidian (China)
- Stage: Series C
- Total Funding till date: $211M
- Employee Count: 464 as on Jul 31, 2026
- Investors: Sequoia Capital, Ping An and 13 Others
- Latest Funding Round: Series C, Apr 19, 2022, $*****
- Highlight: Editors' Pick
Youshan Capital's Year-on-Year Investment Trends
Youshan Capital has invested in 20 companies over the last 6 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 1 investment, while as of May 2026, it has made 2 investments in this year. Its most recent first time investment was in Ease Future and most recent follow-on round was in PGverse.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 1 | 0 | 1 |
2024 | 1 | 0 | 1 |
2023 | 3 | 1 | 4 |
2022 | 2 | 0 | 2 |
2021 | 3 | 0 | 3 |
2020 | 1 | 0 | 1 |
Youshan Capital's Investments by Stage
Youshan Capital has made 4 investments in Series A stage with an average round size of $67M, 4 investments in Series B stage with an average round size of $15.7M, 2 investments in Seed stage, 2 investments in Series C stage with an average round size of $395M and 1 investment in Series D stage with an average round size of $198M.Stage of entry | No. of Investments |
|---|---|
Series A | 4 |
Series B | 4 |
Seed | 2 |
Series C | 2 |
Series D | 1 |
Note: We have considered here, only first round of investments
Youshan Capital's Investments by Sector
Youshan Capital has a diverse portfolio, with companies operating in the High Tech, Consumer, Enterprise Applications, HealthTech and Internet of Things - Industry Applications. Notably, it has invested in 12 Tech companies, 10 Enterprise (B2B) companies, 7 Software companies and at least 6 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
High Tech | 4 |
Consumer | 3 |
Enterprise Applications | 2 |
HealthTech | 2 |
Internet of Things - Industry Applications | 2 |
Others | 13 |
Note: We have considered here, only first round of investments
Youshan Capital's Investments by Geography
Youshan Capital has made most investments in China (12).Youshan Capital's recent investments
Youshan Capital has made 2 investments in 2026 so far - Ease Future and Zhongkefifthera.Here are the most recent investments by Youshan Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 29, 2026 | China | Series A | 4218 | [+2] | |
Feb 28, 2026 | - | Seed | 4059 | [+3] | |
Aug 05, 2025 | China | Series A | 1157 | [+5] | |
Oct 29, 2024 | China | Series A | 3092 | [+1] | |
Oct 30, 2023 | China | Series B | 9384 | [+9] |
Unicorns in Youshan Capital's Portfolio
Youshan Capital has 1 unicorn in its portfolio - Abogen Biosciences. The most recent unicorn in their portfolio is Abogen Biosciences which became a unicorn in 2021.Here is a list of unicorns in Youshan Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
42 | Developer of mRNA-based therapeutics for cancer and infectious diseases | 2019 | Suzhou | Series C | enubhav |
IPOs and Publicly Listed companies in Youshan Capital's Portfolio
2 of Youshan Capital's portfolio companies have become public. Innogen Pharmaceutical Technology got listed on the Hong Kong Exchanges (HKG), in Aug 2025 at marketcap of $1.09B and Meituan got listed on the Hong Kong Exchanges (HKG) at marketcap of undefined.Here are Youshan Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 15, 2025 | Dec 22, 2021 | Series A | 6082 | |
Sep 21, 2018 | - | - | 8063 |
Acquired companies in Youshan Capital's Portfolio
1 company from Youshan Capital's portfolio has been acquired. The most recent acquisition was Qihoo 360 Technology in Dec 2015 by Golden Brick Capital for $*****.Here are Youshan Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 18, 2015 | - | - | 1086 |
Team profile of Youshan Capital
Youshan Capital has a team of 6 members including 6 Partners located in China. Youshan Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Youshan Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Chaoyang | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - |
Co-investors of Youshan Capital
Over the past 6 years, 148 investors have co-invested in Youshan Capital's portfolio companies. This includes only funds.
- Invested before Youshan Capital: Hillhouse, Cathay Innovation and 40 others have invested in rounds before Youshan Capital. There are 2 companies where Hillhouse has invested before Youshan Capital and 1 company where Cathay Innovation has invested before Youshan Capital.
- Top Co-investors of Youshan Capital: 73 investors entered a company along with Youshan Capital. These include investors like Cowin Capital (2 companies).
- Invested after Youshan Capital: A total of 33 investors have invested in Youshan Capital's portfolio after their investments. Top Investors include CAS Investment Management (2 companies), CD Capital (1 company) and Jingguosheng Fund (1 company).
Recent News related to Youshan Capital
•
•
•
•
Songyan Dynamics Completes Hundreds of Millions A++ Round of Financing, Raised Several Rounds in Two YearsPEdaily•Aug 05, 2025•Jinko Solar, Zhuoyuan Capital, Youshan Capital, GP Capital and 2 others
•
•
•
Another SiC equipment manufacturer completes financingeet-china.com•May 15, 2024•Jihualab, Youshan Capital
•
•
Global Energy Storage Solution Provider Dyness Completed Rounds of B and C FinancingACN Newswire•Aug 01, 2023•Dyness, Youshan Capital, CICC, L Catterton
•
Photovoltaic manufacturer Chint New Energy completed 2 billion yuan in round C financing36Kr•Jul 25, 2023•CHINT, Bank of Communications, China Life Insurance, Yuexiureit and 10 others
