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The Venture Codex

Overview

Private equity firm supporting young entrepreneurs in China.

Founded

2010

Deals ยท 12mo

3

Stage focus

Series B
Series C

Geographic focus

China
United States

Sector focus

Venture Capital

Investment portfolio

34rounds
NAMEDATESIZE
D-Robotics
Sep 2026Participated
$400 MSeries C
Spirit AI
Feb 2026Participated
$289 MOther Equity
EPG
Jan 2026Participated
$100 MSeries B
Sironax
Aug 2022Led
$200 MSeries B
North Ocean Photonics
Nov 2021Participated
$63 MSeries B
Momenta
Nov 2021Participated
$500 MSeries C
HT Aero
Oct 2021Participated
$500 MSeries A
Cytovia Therapeutics
Sep 2021Participated
$45 MOther Equity
Momenta
Mar 2021Participated
$500 MSeries C
Hanyu Medical
Mar 2021Led
$77 MSeries D
WuXi Diagnostics
Feb 2021Participated
$150 MSeries B
Flexiv
Dec 2020Participated
$100 MSeries B
D-Robotics
Sep 2026Participated
$400 MSeries C
Spirit AI
Feb 2026Participated
$289 MOther Equity
EPG
Jan 2026Participated
$100 MSeries B
Sironax
Aug 2022Led
$200 MSeries B
North Ocean Photonics
Nov 2021Participated
$63 MSeries B
Momenta
Nov 2021Participated
$500 MSeries C
HT Aero
Oct 2021Participated
$500 MSeries A
Cytovia Therapeutics
Sep 2021Participated
$45 MOther Equity
Momenta
Mar 2021Participated
$500 MSeries C
Hanyu Medical
Mar 2021Led
$77 MSeries D
WuXi Diagnostics
Feb 2021Participated
$150 MSeries B
Flexiv
Dec 2020Participated
$100 MSeries B
34
Items
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Insights

Time horizon

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Deal Distribution

Yunfeng Capital: 34 funding rounds are recorded in the selected participation categories.All available history.
Yunfeng Capital: 34 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A12
Series B38
Series C+36
Other Equity65

Monthly Deal Activity

Yunfeng Capital: 34 deals are recorded across 138 months.All available history.
Yunfeng Capital: 34 deals are recorded across 138 months. All available history
MonthDeals
May '151
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '161
Sep '160
Oct '160
Nov '160
Dec '160
Jan '171
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '171
Sep '171
Oct '170
Nov '173
Dec '171
Jan '181
Feb '180
Mar '180
Apr '181
May '182
Jun '182
Jul '180
Aug '180
Sep '180
Oct '181
Nov '181
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '201
Aug '200
Sep '201
Oct '200
Nov '202
Dec '202
Jan '210
Feb '211
Mar '212
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '211
Oct '211
Nov '212
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
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 '240
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 '250
Nov '250
Dec '250
Jan '261
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Yunfeng Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (12 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.

Yunfeng Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
Networks, Cloud & Communication12
Health & Life Sciences11
Enterprise Software6
Transportation & Logistics6
AI & Machine Learning6
Education & Workforce4
Data, Analytics & IT4
Space & Frontier Tech4
Hardware & Robotics4
Social & Community Platforms4
E-Commerce & Retail3
Manufacturing3
Real Estate & Construction2
Consumer & Lifestyle2
Media & Entertainment2
Professional Services2
Clean Energy & Sustainability1
Marketing & Advertising1
Food & Agriculture1
Gaming & eSports1

Deal Size Distribution

Yunfeng Capital: 34 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.

Yunfeng Capital: 34 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M1
$25M-$50M3
$50M-$100M3
$100M-$250M14
$250M-$500M6
$500M-$1B4
$1B+3

Deals By Geography

Yunfeng Capital: China has the largest recorded deal count among the displayed regions (26 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Yunfeng Capital: China has the largest recorded deal count among the displayed regions (26 deals). All available history
RegionDeals
China26
United States5
Europe2
Singapore1
Yunfeng Capital: 20 co-investors are shown, with Sequoia Capital sharing 9 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

Yunfeng Capital: Led accounts for 38% and participating for 62% of round participation.All available history.
Yunfeng Capital: Led accounts for 38% and participating for 62% of round participation. All available history
CategoryDeals (count)Share (%)
Led1338%
Participating2162%
Yunfeng Capital: Single-lead accounts for 31% and co-led for 69% of lead dynamics.All available history.
Yunfeng 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

David Yu

Founder and Chairman

Jack Ma

Founder

Li Na

Manager