Ceyuan Ventures is a Beijing-based early-stage venture capital firm focused on IT and emerging growth companies in China. The firm emphasizes backing great teams, advanced technology, and innovative business models, investing across sectors such as AI, fintech, healthcare, and consumer technology.
Average disclosed round size is $29.5M (across 10 rounds with reported amounts).
Portfolio
8
Fund Size
—
Top Stage
Series B
Last 12 Mo
0
Team
BF
Bo Feng
Founding Partner
YY
Ye Yuan
Managing Partner
CS
Chong Sun
Partner
KW
Kevin Wen
Partner
YC
Yicheng Chang
Director
AP
Anna Peng
VP
FY
Fay Yang
VP
FZ
Flora Zhang
VP of Finance
CY
Chen Yuan
Chief Legal Counsel
DZ
Diona Zhang
Executive Assistant
HY
Han Yu
Executive Assistant
KW
Kitty Wang
CFO
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
11 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| UUltrain | Seed | $20M | Jan 2018 |
 Kanzhun | Series C | $28M | Jan 2016 |
 Farfetch | Series C | $66M | Apr 2014 |
 Delectable | Series A | $3M | Jan 2014 |
| LLightinthebox | Ipo | $78.8M | Jun 2013 |
 Douban | Unknown | $7M | Jan 2010 |
| NNetQin | Unknown | $20M | Jan 2010 |
| Douban | Series A | $2M | Jan 2006 |
 Secret | Series B | $35M | — |
| LLightinthebox | Series B | — | — |
| LLightinthebox | Bridge | $35M | — |
Top Co-Investors
Sky9 Capital4 shared
BAI Capital2 shared
GSR Ventures2 shared
Kleiner Perkins1 shared
GV1 shared
Index Ventures1 shared
Fuel Ventures1 shared
SV Angel1 shared
Scrub Capital1 shared
Advent International1 shared
Vitruvian Partners1 shared
Evolution Equity Partners1 shared
Morningside1 shared
Bixin Ventures1 shared
Du Capital1 shared
FBG Capital1 shared
Danhua Capital1 shared
Spark Capital1 shared
Trustbridge Partners1 shared
Sway Capital1 shared
Last updated: 9 September 2026