About Z Capital
Z Capital is a venture capital firm located in Shanghai, China. As of Dec 2020, Z Capital has invested in 25 companies. It primarily invests in Seed round in China based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it participated in the $***** Series A round of HEX Cloud Overall, Z Capital portfolio has seen 1 unicorn, 1 IPO and 2 acquisitions, namely SayWeee, Namibox and PPS. A lot of funds co-invest with Z Capital, with names like Zhen Fund sharing a substantial percentage of its portfolio. Z Capital has team of 5 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Z Capital's List of Top Investments
Z Capital has a portfolio of 25 companies, one of which is a Unicorn. Their most notable investmentis in Pin Land DataTheir portfolio spans across China, Netherlands and United States. They have invested in Enterprise Applications, Consumer, Retail and 17 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Z Capital:
1. SayWeee
Online retailer of Asian groceries, food, and household products. It provides access to a variety of Asian products through its platform. The company offers items such as fresh produce, meats, seafood, snacks, beverages, and pantry staples. It also provides personal care and household goods.
Key facts about SayWeee
- Founded Year: 2015
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $864M
- Employee Count: 939 as on Mar 31, 2026
- Investors: Amino Capital, SoftBank Vision Fund and 21 Others
- Latest Funding Round: Series E, Feb 28, 2022, $*****
- Highlight: Editors' Pick
2. DataGrand
DataGrand provides a content recommendation platform for various media, finance and e-commerce sites. Its technology mines data from multiple sources, analyzes content, and understands the viewing patterns and behavior of viewers. Based on this, it provides recommendations to the consumers. Raised RMB 10M in seed funding in Jan 2016.
Key facts about DataGrand
- Founded Year: 2015
- Location: Shanghai (China)
- Stage: Series C
- Total Funding till date: $164M
- Employee Count: 51 as on Feb 28, 2026
- Investors: SAIF Partners, Hongzhuo Capital and 20 Others
- Latest Funding Round: Series C, Mar 09, 2022, $*****
- Highlight: Editors' Pick
3. Innofidei
Innofidei(renamed to Creative Technology Group) is active in the area of communication technology development. They create technological innovation, product development, operations and services in the communication industrial chain. They are actively working on the 4G LTE technology. They were among the top 100 Enterprises of the core area of 2011 Zhongguancun State innovation.
Key facts about Innofidei
- Founded Year: 2006
- Location: Haidian (China)
- Stage: Series B
- Total Funding till date: $20M
- Employee Count: 95 as on Jul 01, 2024
- Investors: BlueRun Ventures, Mobile Internet Capital and 5 Others
- Latest Funding Round: Series B, Mar 01, 2008, $*****
4. Huilianyi
Huilianyi is SaaS for travel and expense management for enterprises and SMEs. It enables users to book travel, hotel, transportation and others and provides them with unified billing and reimbursement tool. It connects with other tools such as ERP, OA, and financial systems. It also provides users with real-time expense and budget control system, and real-time visualization. It claims to have raised Series A round of funding from Softbank China and Blue Lake Capital.
Key facts about Huilianyi
- Founded Year: 2016
- Location: Shanghai (China)
- Stage: Series C
- Total Funding till date: $69.2M
- Employee Count: 85 as on Feb 28, 2026
- Investors: SBCVC, China Renaissance Group and 3 Others
- Latest Funding Round: Series C, Mar 29, 2020, $*****
- Highlight: Editors' Pick
5. Tmeng
Crowdfunding platform for movies and short films. It allows movie directors to float the projects and participate in crowdfunding activities for raising funds. Investors can choose to access details of the script and develop strategies based on the cost breakdown of the project.
Key facts about Tmeng
- Founded Year: 2012
- Location: Beijing (China)
- Stage: Series C
- Total Funding till date: $32.7M
- Employee Count: 17 as on Jul 01, 2024
- Investors: Baidu, SAIF Partners and 7 Others
- Latest Funding Round: Series C, Feb 21, 2022, $*****
- Highlight: Editors' Pick
Z Capital's Year-on-Year Investment Trends
Z Capital has invested in 25 companies over the last 11 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in HEX Cloud and most recent follow-on round was in DataGrand.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 | 0 | 0 | 0 |
2021 | 0 | 0 | 0 |
2020 | 1 | 2 | 3 |
2019 | 1 | 0 | 1 |
2018 | 1 | 1 | 2 |
2017 | 1 | 0 | 1 |
Z Capital's Investments by Stage
Z Capital has made 2 investments in Seed stage with an average round size of $1.57M, 2 investments in Series A stage with an average round size of $290K and 1 investment in Series B stage with an average round size of $7.9M.Stage of entry | No. of Investments |
|---|---|
Seed | 2 |
Series A | 2 |
Series B | 1 |
Note: We have considered here, only first round of investments
Z Capital's Investments by Sector
Z Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Artificial Intelligence - Industry Applications, Vertical SaaS, Business Services and Consumer. Notably, it has invested in 19 Tech companies, 15 Enterprise (B2B) companies, 11 Software companies and at least 9 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
Artificial Intelligence - Industry Applications | 2 |
Vertical SaaS | 2 |
Business Services | 1 |
Consumer | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
Z Capital's Investments by Geography
Z Capital has made most investments in China (5).Z Capital's recent investments
Z Capital has not made any investment in 2026 so far.Here are the most recent investments by Z Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 25, 2020 | China | Series A | 4756 | ||
May 09, 2020 | China | Series B | 7458 | ||
Mar 29, 2020 | China | Series C | 9522 | ||
Jul 30, 2019 | China | Seed | 5766 | ||
Dec 26, 2018 | China | Series C | 6277 |
Unicorns in Z Capital's Portfolio
Z Capital has 1 unicorn in its portfolio - SayWeee. The most recent unicorn in their portfolio is SayWeee which became a unicorn in 2021, 5 years before Z Capital first invested in it.Here is a list of unicorns in Z Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
77 | Online retailer of Asian groceries, food, and household products | 2015 | San Francisco | Series E | fwmurhc |
IPOs and Publicly Listed companies in Z Capital's Portfolio
1 of Z Capital's portfolio company became public - Namibox. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Dec 2024 at marketcap of $5MHere are Z Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 06, 2024 | - | - | 2697 |
Acquired companies in Z Capital's Portfolio
2 companies from Z Capital's portfolio have been acquired. The most recent acquisition were Touchmedia in Jan 2018 by SEII.Here are Z Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 04, 2018 | - | - | 6459 | |
May 07, 2013 | - | - | 4173 |
Team profile of Z Capital
Z Capital has a team of 5 members including 4 Partners and 1 Venture Partner located in China. Z Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Z Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Partner | Shanghai | - | ||
Partner | - | - | ||
Partner | Yangpu | - | ||
Venture Partner | - | - |
Co-investors of Z Capital
Over the past 11 years, 31 investors have co-invested in Z Capital's portfolio companies. This includes only funds.
- Invested before Z Capital: SBCVC, Blue Lake Capital and 1 other have invested in rounds before Z Capital. There is 1 company where SBCVC has invested before Z Capital and 1 company where Blue Lake Capital has invested before Z Capital.
- Top Co-investors of Z Capital: 4 investors entered a company along with Z Capital. These include investors like Zhen Fund (1 company).
- Invested after Z Capital: A total of 24 investors have invested in Z Capital's portfolio after their investments. Top Investors include Shenzhen Capital Group (1 company), SAIF Partners (1 company) and Zhonglincn (1 company).
Recent News related to Z Capital
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"Daguan Data" received 580 million yuan in Series C financing36Kr•Mar 08, 2022•DataGrand, CITIC, GF Financial Markets, CITIC Securities International and 16 others
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Cross-border e-commerce SaaS platform accumulates 180 million yuan in Series A financingPEdaily•Jul 04, 2021•Addx, Yunshi Equity Investment Management, Harvest, Hony Capital and 3 others
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Aomai Planet Receives Ten Million RMB Pre-A Round of FinancingPEdaily•Mar 30, 2021•Lenovo, Z Capital, Echo Capital
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