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Capital Today

Suite 5701, 57/F, Sinar Mas Plaza No. 501 Dongdaming Road, Shanghai, Hongkou District, 200080, China

Overview

Capital Today manages dedicated China country funds of USD2.5 billion. It is one of the first independent private equity firms in China. Founded by Kathy Xu in 2005, Capital Today is committed to provide growth capital to small and medium-sized Chinese companies and helps them build sustainable businesses and No.1 brands in China. Capital Today's investment theme is to capture opportunities with the booming Chinese middle class and their changing life styles. Capital Today has a focused and disciplined strategy and hands-on approach. It is dedicated to help the Chinese entrepreneurs build KPI, Culture and No.1 brands (Capital Today's "3 Weapons"). Capital Today is a strong believer of long term investment and tends to hold the investment for many years. Capital Today has been focused on Consumer. Retail & Internet Sector. Their Portfolios IncludeJD.com, Youku Tudou.com, Ganji.com, Dianping.com, Three Squirrels online snack food brand, Yifeng Pharmacy Chain, Cosrno Lady Underwear Chain, Nuts Snack Food Chain, BiFengTang Quick Service Restaurant, Tsui Wah Restaurant Chain, etc.

Total investments
14
Lead investments
5
Investments · 12mo
5
Active investors
3

Sector focus

  • Financial Services
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Investment portfolio

  • Liangpei Technology

    Led · Equity · Aug 2026

    Liangpei Technology, founded in 2025 and based in Shenzhen, builds an AI-native product aimed at users seeking serious relationships. Its product suite includes an AI Matchmaker, AI Avatar, AI Advisor, and AI Recommendation, and the company trains models to output compatibility and probability of relationship success between two users. The product enforces unconventional rules such as a 20-minute AI matchmaker conversation at registration, allowing each user to be matched with only one other user at a time, and offering a "full refund if no marriage" payment plan. Liangpei measures "average user success rate of finding a partner" as its North Star metric and had its mini-program in public beta while the App was under review. About ten days after launch the service had accumulated more than 9,000 users. The company has been hiring aggressively post-financing and expanded its team from seven to seventeen people as it prepares to scale.

  • Fish Audio

    Led · Seed · Jul 2026

    Fish Audio develops AI speech generation and speech-to-text models and offers both open-source releases and paid API plans for creators, teams, and enterprises. The company has launched five models in the last year—three of which are open-sourced—and its S2.1 Pro model is available only through its paid API. Fish Audio reports more than 8 million users and $21 million in annual recurring revenue, and its GitHub Fish Speech repository has over 31,000 stars. It offers paid monthly plans that unlock generation minutes and voice cloning features, and it also runs enterprise APIs used by companies including HeyGen, Sanas and Plaud. The startup plans to release an audio understanding model this year and is building a speech-to-speech model as part of its roadmap. Fish Audio has also implemented an automated takedown process and creator verification flows to address consent and licensing concerns around uploaded voices.

  • Leapting

    Participated · Series B · Mar 2026

    Founded in July 2022 and based in Huzhou, Leapting builds intelligent robots for photovoltaic module installation and aims to provide unmanned, full-lifecycle solutions for solar power plants. The company positions itself as a category pioneer that has achieved commercial breakthroughs in automated installation, addressing high labor costs, low efficiency and safety risks associated with traditional manual work. Leapting has attracted strategic and industry investors and reports deep customer relationships and scalable, global deployments. It plans to deepen its product matrix beyond single installation scenarios and expand operations worldwide, targeting coverage of major photovoltaic markets by 2026. The company says its technology and products enable replication across global sites and are intended to accelerate large-scale photovoltaic deployment.

  • Galaxea AI

    Participated · Series B · Feb 2026

    Founded in 2023 and based in Beijing, Galaxea AI develops embodied intelligence systems centered on Vision‑Language‑Action (VLA) models and World Action Models. The company emphasizes a tightly integrated approach where VLA and World Action Models co‑evolve using massive real‑world datasets collected from open environments. Galaxea has open‑sourced three VLA models to date and contrasts its real‑data‑driven approach with competitors that rely primarily on simulation. The firm acknowledges challenges of high data collection difficulty, cost, and slower scalability inherent to its chosen data strategy. Following a nearly CNY1 billion Series B in February, Galaxea completed a nearly CNY2 billion Series B+ at a CNY200 billion valuation to fund further R&D, ecosystem expansion, and commercial deployment efforts.

  • Talent Today

    Led · Series B · Jun 2021

    今日人才 is a platform-style human-resources technology company driven by big data, algorithms, and artificial intelligence. It offers one-stop HR solutions including precise algorithmic matching and recommendation for mid-to-senior talent, flexible employment, business outsourcing, corporate talent consulting, and online/offline industrial worker skills training. The company positions itself as an integrated provider across recruitment, workforce flexibility, and training. Recent financing proceeds are earmarked for product R&D, platform operations, market expansion, and brand promotion. The article notes a recent near-¥100M C round and a prior ¥-level B round led by 今日资本. Its post-money valuation after the C round is reported near ¥2 billion. 今日人才 is a platform-style human-resources technology company driven by big data, algorithms and artificial intelligence that offers one-stop HR solutions. Its service scope includes mid-to-senior talent precise algorithmic matching, flexible staffing, business process outsourcing, enterprise talent consulting and online/offline industrial worker skills training. Core technologies listed by the company include natural language parsing, semantic processing, intelligent matching, algorithmic recommendation and standardization technology. In 2020 the firm launched the 今日优脉 referral platform to monetize professional networks via paid recommendations and referral commissions (examples on the platform show high-salary jobs with commissions of tens of thousands RMB). The company uses a prepaid billing model (not post-hire payment), with typical contract values ranging from tens of thousands to several million RMB. Founder Hu Wei estimates the addressable market using 120M white-collar workers, 20% annual job-movers (≈25M) and an average ¥50k transaction per person—an opportunity the company describes as “几千亿” RMB. The firm says it will deploy new funding to strengthen technology R&D, improve its product matrix and expand business operations.

Team