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BAI Capital

Unit 1610, 16th Floor, West Tower, Genesis Beijing, 8 Xinyuan South Road, Beijing, Chaoyang District, 100027, China

Overview

Venture capital fund investing in China-based global companies.

Founded

2008

Deals · 12mo

4

Links

WebsiteLinkedIn

Stage focus

Series A
Series B

Geographic focus

Canada
China
Hong Kong
Mexico
...

Sector focus

Autonomous Vehicles
Content
Electric Vehicle
Financial Services
...

Investment portfolio

38rounds
NAMEDATESIZE
Nex
Sep 2026Led
$150 MSeries E
Waffo
Feb 2026Participated
$15 MSeries A
Looki
Jan 2026Participated
$20 MSeries A
Looki
Nov 2025Participated
$10 MSeed
VITURE
Sep 2025Participated
$100 MSeries B
KUN
Jul 2025Participated
$50 MSeries A
usdx.money
Dec 2024Participated
$45 MOther Equity
Stori
Aug 2024Led
$212 MDebt
ClearMotion
May 2023Participated
$32 MOther Equity
ClearMotion
Sep 2022Participated
$39 MOther Equity
Meson
Aug 2022Participated
$4 MOther Equity
Stori
Jul 2022Led
$150 MDebt
Nex
Sep 2026Led
$150 MSeries E
Waffo
Feb 2026Participated
$15 MSeries A
Looki
Jan 2026Participated
$20 MSeries A
Looki
Nov 2025Participated
$10 MSeed
VITURE
Sep 2025Participated
$100 MSeries B
KUN
Jul 2025Participated
$50 MSeries A
usdx.money
Dec 2024Participated
$45 MOther Equity
Stori
Aug 2024Led
$212 MDebt
ClearMotion
May 2023Participated
$32 MOther Equity
ClearMotion
Sep 2022Participated
$39 MOther Equity
Meson
Aug 2022Participated
$4 MOther Equity
Stori
Jul 2022Led
$150 MDebt
38
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

BAI Capital: 38 funding rounds are recorded in the selected participation categories.All available history.
BAI Capital: 38 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A57
Series B47
Series C+25
Other Equity05
Debt20

Monthly Deal Activity

BAI Capital: 38 deals are recorded across 149 months.All available history.
BAI Capital: 38 deals are recorded across 149 months. All available history
MonthDeals
Jun '141
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '161
Jun '160
Jul '162
Aug '160
Sep '160
Oct '160
Nov '161
Dec '160
Jan '171
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '171
Oct '171
Nov '170
Dec '170
Jan '180
Feb '180
Mar '181
Apr '180
May '180
Jun '181
Jul '180
Aug '180
Sep '180
Oct '181
Nov '180
Dec '180
Jan '190
Feb '191
Mar '190
Apr '190
May '191
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '191
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '201
Jun '201
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '211
Feb '211
Mar '210
Apr '210
May '211
Jun '210
Jul '210
Aug '211
Sep '210
Oct '210
Nov '211
Dec '210
Jan '221
Feb '222
Mar '220
Apr '220
May '222
Jun '220
Jul '221
Aug '221
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '231
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '241
Sep '240
Oct '240
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '251
Aug '250
Sep '251
Oct '250
Nov '251
Dec '250
Jan '261
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

BAI Capital: Enterprise Software is the largest displayed sector by deal count (13 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

BAI Capital: Enterprise Software is the largest displayed sector by deal count (13 deals). All available history
SectorDeals
Enterprise Software13
Fintech13
Networks, Cloud & Communication9
Data, Analytics & IT6
Real Estate & Construction6
Consumer & Lifestyle6
Hardware & Robotics5
AI & Machine Learning5
E-Commerce & Retail4
Transportation & Logistics4
Crypto & Blockchain4
Gaming & eSports4
Education & Workforce3
AR/VR3
Manufacturing3
Media & Entertainment3
Health & Life Sciences2
Food & Agriculture2
Social & Community Platforms2
Marketing & Advertising1
Developer Tools1

Deal Size Distribution

BAI Capital: 38 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

BAI Capital: 38 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M3
$10M-$25M6
$25M-$50M8
$50M-$100M9
$100M-$250M10
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

BAI Capital: China has the largest recorded deal count among the displayed regions (16 deals).All available history.

Top 8 of 8 regions; European countries are grouped as Europe.

BAI Capital: China has the largest recorded deal count among the displayed regions (16 deals). All available history
RegionDeals
China16
United States8
Hong Kong5
Mexico4
Canada2
Nigeria1
Europe1
Singapore1
BAI Capital: 20 co-investors are shown, with GGV Capital sharing 7 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

BAI Capital: 20 co-investors are shown, with GGV Capital sharing 7 recorded deals. All available history
Co-investorShared deals
GGV Capital7
Lightspeed Venture Partners5
Source Code Capital5
GIC4
GSR Ventures4
Hongshan Capital Group (Sequoia Capital China)4
Vision Plus Capital4
Dragonfly3
Gaorong Capital3
General Catalyst3
Goodwater Capital3
Jeneration Capital3
Joy Capital3
Morningside Ventures3
Tencent3
Tresalia Capital3
5Y Capital2
Acadia Woods2
Alpha Startup Fund2
Banyan Capital2

Investment Strategy

BAI Capital: Led accounts for 34% and participating for 66% of round participation.All available history.
BAI Capital: Led accounts for 34% and participating for 66% of round participation. All available history
CategoryDeals (count)Share (%)
Led1334%
Participating2566%
BAI Capital: Single-lead accounts for 31% and co-led for 69% of lead dynamics.All available history.
BAI Capital: Single-lead accounts for 31% and co-led for 69% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead431%
Co-led969%

Team

Allen Li

Chief Financial Officer

Annabelle Long

Managing Partner

Christine Sun

Legal and Corporate Communications Director

Iris Cong

Investment Associate

Jason Ding

Partner

Will Wang

Vice President

William Zhao

Vice President

Zhao Penglan

Managing Director