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The Venture Codex

BlueRun Ventures

595 Pacific Ave, 4th Floor #154, San Francisco, CA, 94133, United States

Overview

BlueRun Ventures is a venture capital firm with offices in the United States, Shanghai, Beijing, and Korea. BlueRun invests in information technology, mobile, and consumer technologies, with an emphasis on mobile opportunities. BRV has invested in over 160 companies, with select exits from PayPal (acquired by eBay), Waze (acquired by Google), Topsy (acquired by Apple), Coupa (NASDAQ: COUP), and more. In 2005, BlueRun changed its name from Nokia Venture Partners. While branded as Nokia Venture Partners, the firm helped to build emerging market leaders such as Airgo, Bitfone, Cornice, PayPal, Wavemarket, and WiderThan.

Total investments
89
Lead investments
32
Investments · 12mo
4
Active investors
4

Sector focus

  • Financial Services
  • FinTech
  • Information Technology
  • Venture Capital
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Investment portfolio

  • Mochi Intelligence

    Participated · Series A · Jul 2026

    Mochi Intelligence is an embodied intelligence startup founded by veterans from Huawei and logistics operations, building service-oriented robots with a long-term vision of general-purpose household robots. The company has kept product specifications private so far and has not disclosed customers, orders, delivery volumes, or revenue. Leadership includes Huang Qingqiu, formerly head of Huawei's Autonomous Driving AI division, and CEO Gao Wenli, who has experience in Huawei's carrier business and co-founded iMile; investors cited their track records as a key rationale for the company's valuation. Mochi plans to launch its first service-oriented robot in July and will initially target commercial service scenarios where environments are more static and tasks more defined. The company intends to use real-world deployments to collect data and iterate its algorithms, mirroring closed-loop training approaches used in autonomous driving, before expanding toward household applications.

  • ZhiTai Biotech

    Participated · Series C · Mar 2026

    Founded in 2018, ZhiTai Biotech focuses on recombinant protein and peptide drugs aimed at chronic metabolic disorders. Its lead asset, the once-monthly injectable GLP-1 receptor agonist Zoweiglutide (ZT002), produced up to 13.8% weight loss at week 24 in Phase II trials and began a Phase III obesity study in January 2026. Additional pipeline candidates include the oral GLP-1 agonist tablet ZT006 (Phase II for weight loss), the GLP-1/FGF21 dual agonist ZT003 (Phase I for metabolic dysfunction-associated steatohepatitis), and the semaglutide biosimilar ZT001 being co-developed with Tonghua Dongbao and Aimeike. The firm has built proprietary long-acting peptide, oral delivery, protein refolding and fusion protein platforms, notably its QLLong fatty-acid modification technology that extends drug half-life. A commercial production base received approval in late 2025, giving ZhiTai end-to-end capabilities from R&D through manufacturing. The founding team largely hails from Novo Nordisk, led by CEO Dr. Zhang Xujia. Backed by more than RMB 500 million in fresh capital, the company is positioned to advance late-stage trials and prepare for commercialization.

  • Yuanli Intelligence

    Led · Seed · Oct 2025

    Yuanli Intelligence is an enterprise AI company founded by Zhang Fan, the former COO of Zhipu AI, that builds self-evolving intelligent agent employees using a proprietary 'RL for Business' framework. Its core product applies reinforcement learning to real-world corporate data so agents can optimize toward quantifiable KPIs such as revenue or profit instead of relying on fixed, custom workflows. By combining business priors with implicit knowledge, the platform aims to create a true reward function that lets agents continually improve decision-making in high-dimensional enterprise environments. The company is already collaborating with several leading corporations to pilot these agents across multiple verticals. Management and investors believe the approach will both reshape enterprise growth models—where “computing power equals performance”—and shift services from one-off projects to standardized, replicable solutions. Financially, the business is pre-revenue but has secured $8 million in seed financing to accelerate product development and commercial pilots. No user or revenue metrics have been disclosed.

  • VITURE

    Participated · Series B · Sep 2025

    VITURE is a San-Francisco-based hardware company focused on extended reality (XR) and augmented reality (AR) smart glasses. Its product line now spans three generations, including the Luma Series, the AR-focused Luma Ultra, and the high-performance flagship model dubbed The Beast. IDC data shows the company has held more than 50 % of the U.S. XR glasses market since Q4 2024 and is currently ranked #1 in U.S. shipments for the category. Beyond consumer use cases, VITURE is extending its technology into enterprise and medical workflows through a recently announced AI-and-AR initiative with NVIDIA and Stanford Medicine. The company also cultivates cultural relevance, evidenced by a limited-edition Cyberpunk 2077 collaboration that sold out quickly. With fresh funding, management plans to accelerate next-generation product development, broaden global retail presence, and deepen strategic partnerships. VITURE is simultaneously defending its intellectual-property position through ongoing litigation with rival XREAL.

  • Metafoodx

    Participated · Equity · May 2025

    Metafoodx provides a patented, AI-powered food operations platform that uses a 3D AI scanner to capture an item’s image, weight and temperature, link it to menus, and automatically log items for food-safety compliance. Its platform is used by universities and food service providers and is designed to reduce food waste and optimize production through real-time data and automation. The company says deployments deliver up to a 50% reduction in food waste and a 200% ROI within weeks. Metafoodx earned a 2025 Kitchen Innovations Award from the National Restaurant Association for its AI use case. Led by CEO Fengmin Gong, the company intends to use the new funds to expand operations and advance development efforts. Metafoodx is based in San Jose, CA.

Team