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    BAI Capital

    Beijing, ChinaFounded 2008
    www.bai-cap.comLinkedIn
    ConsumerMedia & EntertainmentEnterprise SoftwareFintech

    BAI Capital is a leading China-focused venture capital firm, originally founded in 2008 as Bertelsmann Asia Investments (BAI) and rebranded as BAI Capital in 2021. The firm invests in market leaders and innovation pioneers from early to growth stage, with a focus on China-rooted global companies across consumer, fintech, enterprise software, and media.

    Deal activity increased 200% year-over-year (3 deals in the last 12 months). Their most common stage is series-a (40% of deals). Average disclosed round size is $88.4M (across 38 rounds with reported amounts).

    Find people at BAI Capital on Goldilocks AI

    Portfolio

    34

    Fund Size

    $600M

    Top Stage

    Series A

    Last 12 Mo

    3

    Team

    Annabelle Yu Long

    Annabelle Yu Long

    创始及管理合伙人 Founding and Managing Partner

    John Farrell

    John Farrell

    投资合伙人 Venture Partner

    Wenyi Cai

    Wenyi Cai

    拉美合伙人 LATAM Partner

    Will Wang

    Will Wang

    高级合伙人 Senior Partner

    William Zhao

    William Zhao

    高级合伙人 Senior Partner

    Catherine Liu

    Catherine Liu

    财务和投后管理总监 Director of Finance & Portfolio Management

    Ye Liu

    Ye Liu

    法务总监 Director of Legal

    Yuan Li

    Yuan Li

    人力资源总监 HR Director

    Amy Zhao

    Amy Zhao

    总监 Principal

    Iris Cong

    Iris Cong

    投资副总裁 Vice President

    Harry Cui

    Harry Cui

    高级投资经理 Senior Investment Manager

    York Zhu

    York Zhu

    投资经理 Investment Manager

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    48 investments
    CompanyRoundAmountDate
    Meshy logoMeshySeries B$400MJul 2026
    Velafi logoVelafiSeries B$20MJan 2026
    Meshy logoMeshySeries B$400MJan 2026
    Cynch logoCynchSeries A$9MDec 2025
    Helloboss logoHellobossSeries A—Nov 2025
    KUN logoKUNSeries A$50MJul 2025
    Stori logoStoriGrowth$212MAug 2024
    Lykos Therapeutics logoLykos TherapeuticsSeries A$100MJan 2024
    Galactic Holdings logoGalactic HoldingsSeed$10MJan 2023
    Stori logoStoriSeries C$50MJul 2022
    BBabel FinanceSeries B$80MMay 2022
    BBody404Series A$6MMar 2022
    Taichi Graphics logoTaichi GraphicsSeries A$50MFeb 2022
    TRLab logoTRLabSeed$4.2MJan 2022
    Haizhi logoHaizhiSeries D—Jan 2022
    Taichi Graphics logoTaichi GraphicsSeries A$50MJan 2022
    Stori logoStoriSeries C$150MNov 2021
    NNeoXSeries A$30MFeb 2021
    BBlack Lake TechnologiesUnknown$77MJan 2021
    RoboticPlus.AI logoRoboticPlus.AISeries B—Jan 2021
    Dingdong Maicai logoDingdong MaicaiSeries D—Jan 2021
    BBabel FinanceSeries A$40MJan 2021
    PingCap logoPingCapSeries D$270MNov 2020
    OPay logoOPaySeries B$120MNov 2019
    BBlack Lake TechnologiesUnknown—Jan 2019
    Page 1 of 2

    Top Co-Investors

    HongShan8 shared
    Sequoia Capital7 shared
    GGV Capital6 shared
    Source Code Capital5 shared
    Trustbridge Partners4 shared
    Gaorong Capital4 shared
    Goodwater Capital3 shared
    GIC Private Limited3 shared
    General Catalyst3 shared
    Lightspeed Venture Partners3 shared
    Vision Plus Capital3 shared
    MPC3 shared
    5Y Capital3 shared
    IDG Capital3 shared
    ZhenFund3 shared
    Temasek Holdings (Private) Limited3 shared
    Tarsadia Capital2 shared
    Coatue Management LLC2 shared
    Redpoint Ventures2 shared
    GSR Ventures2 shared

    Last updated: 7 October 2026