BAI Capital, a venture capital firm based in Beijing, China, focuses its investments on China-based global companies and China's structural transformation. Their strategy involves partnering with Chinese companies and entrepreneurs in sectors such as consumer retail and services, fintech, media and content innovation, Web3 and metaverse, frontier and infra tech, electric vehicles and autonomous driving, and industrial upgrades.
50% of their portfolio is in Fintech. Deal activity increased 100% year-over-year (2 deals in the last 12 months). Their most common stage is series-a (50% of deals). Average disclosed round size is $112.6M (across 10 rounds with reported amounts).
Portfolio
12
Fund Size
$700M
Top Stage
Series A
Last 12 Mo
2
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
 Cynch AI | Series A | $9M | Dec 2025 |
 KUN | Series A | — | Jul 2025 |
 Stori | Growth | $212M | Aug 2024 |
 Lykos Therapeutics | Series A | $100M | Jan 2024 |
| Stori | Series C | $150M | Jul 2022 |
| Stori | Series C | $50M | Jul 2022 |
 Taichi Graphics | Series A | $50M | Feb 2022 |
| Stori | Series C | $125M | Nov 2021 |
 Babel Finance | Series A | $40M | May 2021 |
 PingCAP | Series D | $270M | Nov 2020 |
 OPay | Series B | $120M | Nov 2019 |
 Viture | Series A | — | — |
Top Co-Investors
Last updated: 8 March 2026