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The Venture Codex

Overview

Private equity firm specializing in investments in China.

Founded

2010

Deals · 12mo

4

Stage focus

Series A

Geographic focus

China
Singapore
United States

Sector focus

Consumer Goods
Financial Services
Health Care
Retail

Investment portfolio

30rounds
NAMEDATESIZE
Manus
Oct 2026Led
$500 MOther Equity
Anew Labs
Sep 2026Participated
$297 MOther Equity
Wayon Energy
Dec 2025Led
$54 MOther Equity
Contemporary Amperex Intelligent Technology
Oct 2025Participated
$280 MOther Equity
Positive Sequence Biology
Aug 2024Participated
$14 MSeries A
Farizon Auto
Jul 2023Led
$600 MSeries A
Animoca Brands
Sep 2022Led
$110 MOther Equity
Frontera Therapeutics
Jul 2022Participated
$160 MSeries B
XSKY Data Technology
Sep 2021Led
$110 MSeries E
Meditrust
Aug 2021Led
$309 MSeries C
Pulse
Aug 2021Participated
$100 MSeries C
KLOOK
Jan 2021Participated
$200 MSeries E
Manus
Oct 2026Led
$500 MOther Equity
Anew Labs
Sep 2026Participated
$297 MOther Equity
Wayon Energy
Dec 2025Led
$54 MOther Equity
Contemporary Amperex Intelligent Technology
Oct 2025Participated
$280 MOther Equity
Positive Sequence Biology
Aug 2024Participated
$14 MSeries A
Farizon Auto
Jul 2023Led
$600 MSeries A
Animoca Brands
Sep 2022Led
$110 MOther Equity
Frontera Therapeutics
Jul 2022Participated
$160 MSeries B
XSKY Data Technology
Sep 2021Led
$110 MSeries E
Meditrust
Aug 2021Led
$309 MSeries C
Pulse
Aug 2021Participated
$100 MSeries C
KLOOK
Jan 2021Participated
$200 MSeries E
30
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Insights

Time horizon

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Deal Distribution

Boyu Capital: 30 funding rounds are recorded in the selected participation categories.All available history.
Boyu Capital: 30 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A16
Series B13
Series C+56
Other Equity35

Monthly Deal Activity

Boyu Capital: 30 deals are recorded across 124 months.All available history.
Boyu Capital: 30 deals are recorded across 124 months. All available history
MonthDeals
Jul '161
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '171
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '171
Oct '170
Nov '170
Dec '170
Jan '180
Feb '181
Mar '180
Apr '180
May '183
Jun '180
Jul '181
Aug '181
Sep '180
Oct '180
Nov '180
Dec '180
Jan '191
Feb '190
Mar '190
Apr '190
May '190
Jun '191
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '202
May '200
Jun '200
Jul '201
Aug '200
Sep '200
Oct '201
Nov '201
Dec '201
Jan '212
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '212
Sep '211
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '231
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 '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '261

Sector Breakdown

Boyu Capital: Health & Life Sciences is the largest displayed sector by deal count (16 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.

Boyu Capital: Health & Life Sciences is the largest displayed sector by deal count (16 deals). All available history
SectorDeals
Health & Life Sciences16
AI & Machine Learning4
Professional Services4
Travel & Hospitality3
Enterprise Software3
Consumer & Lifestyle3
Education & Workforce2
E-Commerce & Retail2
Clean Energy & Sustainability2
Data, Analytics & IT2
Fintech2
AR/VR1
Space & Frontier Tech1
Transportation & Logistics1
Networks, Cloud & Communication1
Crypto & Blockchain1
Media & Entertainment1
Gaming & eSports1
Developer Tools1

Deal Size Distribution

Boyu Capital: 30 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.

Boyu Capital: 30 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M1
$25M-$50M0
$50M-$100M4
$100M-$250M13
$250M-$500M6
$500M-$1B3
$1B+3

Deals By Geography

Boyu Capital: China has the largest recorded deal count among the displayed regions (18 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Boyu Capital: China has the largest recorded deal count among the displayed regions (18 deals). All available history
RegionDeals
China18
United States6
Singapore4
South Africa1
Hong Kong1
Boyu Capital: 20 co-investors are shown, with Hongshan Capital Group (Sequoia Capital China) sharing 8 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.

Investment Strategy

Boyu Capital: Led accounts for 33% and participating for 67% of round participation.All available history.
Boyu Capital: Led accounts for 33% and participating for 67% of round participation. All available history
CategoryDeals (count)Share (%)
Led1033%
Participating2067%
Boyu Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Boyu Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead550%
Co-led550%

Team

Mary Ma

Co-Founder and Chairman

Yanling Cao

Managing Director