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    Happiness Capital

    Hong KongFounded 2017
    happinesscapital.comLinkedIn
    Biotech & Life SciencesFood & AgricultureHealthcareClimate & Energy

    Happiness Capital is a global venture capital firm based in Hong Kong and the VC arm of the Lee Kum Kee Group. Founded in 2017, it invests in startups and VC funds committed to creating a happier and healthier world, with a focus on food, health, climate change, and trust, using evergreen capital across seed to growth stages.

    40% of their portfolio is in Food & Agriculture. Average disclosed round size is $29.4M (across 17 rounds with reported amounts).

    Find people at Happiness Capital on Goldilocks AI

    Portfolio

    22

    Fund Size

    —

    Top Stage

    Seed

    Last 12 Mo

    0

    Team

    EN

    Eric Ng

    CEO

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    25 investments
    CompanyRoundAmountDate
    IInnovacellUnknown—Dec 2024
    Formo logoFormoSeries B—Sep 2024
    Infinite Roots logoInfinite RootsSeries B—Jan 2024
    GGOZENSeed$3.3MOct 2023
    Vyoma logoVyomaSeed—Jun 2023
    Clearspace logoClearspaceSeries A—Jan 2023
    Bosque Foods logoBosque FoodsSeed—May 2022
    Better Dairy logoBetter DairySeries A$22MFeb 2022
    MicroHarvest logoMicroHarvestSeries A—Jan 2022
    NovoNutrients logoNovoNutrientsSeries A$18MJul 2021
    Formo logoFormoSeries A$50MJan 2021
    Better Dairy logoBetter DairySeed$2.2MDec 2020
    YNSECT logoYNSECTGrowth$224MOct 2020
    Green Monday logoGreen MondayUnknown$70MSep 2020
    Mushlabs logoMushlabsUnknown$10MAug 2020
    Mira Network logoMira NetworkSeed$10MJul 2020
    Intuition Robotics logoIntuition RoboticsSeries B$36MFeb 2020
    Mushlabs logoMushlabsSeries A$10MJan 2020
    TruTag logoTruTagSeries C$7.5MOct 2019
    Epoch BioDesign logoEpoch BioDesignUnknown$12M—
    TomTex logoTomTexSeed$2.3M—
    EPOCH logoEPOCHSeries A$18.3M—
    Better Dairy logoBetter DairySeed$2.2M—
    TOMTEX logoTOMTEXSeed$2.3M—
    BBosqueSeed——

    Top Co-Investors

    CPT Capital5 shared
    FoodLabs5 shared
    SOSV5 shared
    Redalpine4 shared
    Simon Capital4 shared
    Stray Dog Capital3 shared
    Lowercarbon Capital3 shared
    European Innovation Council (EIC)3 shared
    Clay Capital3 shared
    Sequoia Capital2 shared
    Astanor2 shared
    Grazia Equity2 shared
    EQT Ventures2 shared
    REWE2 shared
    M Ventures2 shared
    Agronomics2 shared
    Veg Capital2 shared
    Faber2 shared
    Blue Horizon2 shared
    Extantia2 shared

    Last updated: 7 October 2026