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    5Y Capital

    Shanghai, ChinaFounded 2008
    www.5ycap.com/enLinkedIn
    AIBiotech & Life SciencesConsumerE-Commerce & MarketplaceEnterprise SoftwareFintechHealthcareSaaS

    5Y Capital (formerly Morningside Venture Capital) is a Shanghai-based venture capital firm founded in 2008. It invests across technology, life sciences, and consumer innovation sectors, managing dual-currency (USD and RMB) funds backed by sovereign wealth funds, endowments, and family offices.

    Deal activity increased 100% year-over-year (4 deals in the last 12 months). Average disclosed round size is $90.8M (across 46 rounds with reported amounts).

    Find people at 5Y Capital on Goldilocks AI

    Portfolio

    46

    Fund Size

    $2B

    Top Stage

    Series A

    Last 12 Mo

    5

    Team

    KS

    Ken Shi

    Founding Partner

    RL

    Richard Liu

    Founding Partner

    BZ

    Bo Zhang

    Managing Director

    CY

    Cloris You

    Managing Director

    EY

    Elwin Yuan

    Partner

    FZ

    Fisher Zhang

    Partner

    LL

    Levi Liu

    Partner

    TJ

    Ted Jing

    Partner

    VJ

    Victor Jin

    Partner

    XM

    Xing Meng

    Partner

    VX

    Vanessa Xu

    HR Director

    DH

    Daisy Hou

    IR

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    59 investments
    CompanyRoundAmountDate
    SSyneron BioSeries B$150MMar 2026
    DDifySeries A$30MMar 2026
    D-Robotics logoD-RoboticsSeries B$270MJan 2026
    QL Biopharm logoQL BiopharmUnknown$200MJan 2026
    SSyneron BioSeries A—Dec 2025
    MMinghui PharmaceuticalIpo$131MAug 2025
    Hypershell logoHypershellSeries B$50MNov 2024
    RReviR TherapeuticsSeries A$30MJul 2024
    RRevirSeries A$30MJul 2024
    Signet Jewelers logoSignet JewelersSeed$9MJan 2024
    BBotinkitSeries A$13MJul 2023
    Hopewell Therapeutics logoHopewell TherapeuticsSeed$25MJun 2023
    Yahaha logoYahahaUnknown$40MNov 2022
    Direct Drive Tech logoDirect Drive TechSeries A—Oct 2022
    AxBio logoAxBioSeries B$100MJun 2022
    VVisionNav RoboticsSeries C$76MApr 2022
    RRevirSeed$20MJan 2022
    Zilliz logoZillizUnknown$60MJan 2022
    Xiaoice logoXiaoiceUnknown$138.4MJan 2022
    TTrophUnknown—Dec 2021
    RRedesign ScienceSeed—Dec 2021
    HHT AeroSeries A—Oct 2021
    Hai Robotics logoHai RoboticsSeries D$200MSep 2021
    Hai Robotics logoHai RoboticsSeries C$200MSep 2021
    Bota Bio logoBota BioSeries B$100MJul 2021
    Page 1 of 3

    Top Co-Investors

    GL Ventures10 shared
    Source Code Capital8 shared
    GGV Capital7 shared
    IDG Capital7 shared
    HongShan6 shared
    Sky9 Capital6 shared
    Sequoia China6 shared
    Sequoia Capital4 shared
    Legend Star4 shared
    ZhenFund4 shared
    Ant Group4 shared
    Toba Capital3 shared
    Hillhouse Investment3 shared
    Coatue Management LLC3 shared
    BAI Capital3 shared
    Yunqi Partners3 shared
    Yunfeng Capital3 shared
    ByteDance3 shared
    CDH Investments3 shared
    BioTrack Capital3 shared

    Last updated: 8 September 2026